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Income Tax (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax [Abstract]

Schedule of Income Tax Expense

The below table summarizes the computation of income tax expense for the year ended December 31, 2024, 2023 and 2022:

		Year Ended December 31,
		2024				2023				2022
Net income (loss) before taxes		€	(4,481,601	)		€	(3,130,635	)		€	1,395,092
Add: permanent differences			2,539,999				886,178				59,930
Add (less): temporary differences			1,941,602				(68,819	)			1,321
Less: cancellation of negative tax base			-				-				-
Taxable income (loss)			-				(2,313,276	)			1,456,343
Tax rate at 25%			-				(93,022	)			364,086
Add (less): deferred income tax expenses (recovery)			(1,144,601	)			(1,023,826	)			2,428
Income tax expense (recovery)		€	(1,144,601	)		€	(1,116,848	)		€	366,514

Schedule of Reconciliation Between the Statutory Rate and the Effective Income Tax Rate

The following table provides a reconciliation between the statutory rate and the effective income tax rate, expressed as a percentage of income before income taxes:

		Year Ended December 31,
		2024				2023				2022
Tax at the statutory rate			25.0	%			25.0	%			25.0	%
Penalties			0.0	%			-7.1	%			1.1	%
Cancellation of negative tax basis			0.0	%			0.0	%			0.0	%
Temporary differences			-10.8	%			0.5	%			0.0	%
Tax Credit			0.0	%			0.0	%			0.0	%
Effective tax rate			14.2	%			18.4	%			26.1	%

X

- Definition

The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]

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X

- Definition

The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]]

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