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Accounts Receivable and Other Receivables, Net
 12 Months Ended
Dec. 31, 2025
Accounts Receivable and Other Receivables, Net [Abstract]  
ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES, NET

NOTE 4 – ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES, NET

 

Accounts receivable and other receivables as of December 31, 2025 and 2024 are summarized as below:

 

   December 31,   December 31, 
   2025   2024 
Customers by sales provision of services  €1,868,572   €3,360,994 
VAT receivable   11,131    41,242 
Others   34,960    39,460 
   €1,914,663   €3,441,696 
Allowance for doubtful accounts   (174,888)   (515,564)
   €1,739,775   €2,926,132 

 

As of December 31, 2025 and 2024, the allowance for doubtful accounts was €174,888 and €515,564, respectively. During the years ended December 31, 2025, 2024 and 2023, the Company recorded bad debt expense of €13,214, €138,941 and €84,394, respectively. During the year ended December 31, 2025, the change in the allowance for doubtful accounts was due to the Company classified as definitive losses customers previously classified as doubtful in prior years for €353,890. As of December 31, 2025 and 2024, €283,457 and €0 trade receivable were under factoring recourse arrangement, respectively.