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Loans (Tables) | 12 Months Ended
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Dec. 31, 2023
Loans [Abstract] |
Schedule of Loans | Composed as follows:
|  | Linkage |  | Interest rate |  | December 31 |  |  | December 31 |
|  | terms |  | 2022 and 2023 |  | 2023 |  |  | 2022 |
Bank loans |  |  |  | % |  | € in thousands |
|  | EURIBOR |  | 2 - 6 |  |  | 21,132 |  |  |  | 23,918 |
|  | - |  | 2.58 - 3.03 |  |  | 156,748 |  |  |  | 164,212 |
|  | Bank of Israel interest rate |  | 4.35 - 9.1 |  |  | 5,509 |  |  |  | 2,986 |
|  | Consumer price index in Israel |  | 2.75 - 4.78 |  |  | 64,176 |  |  |  | 51,165 |
|  |  |  |  |  |  | 247,565 |  |  |  | 242,281 |
Current maturities |  |  |  |  |  |  | 9,784 |  |  |  | 12,815 |
Long-term loans |  |  |  |  |  |  | 237,781 |  |  |  | 229,466 |
|  | Linkage |  | Interest rate |  | December 31 |  |  | December 31 |
|  | terms |  | 2022 and 2023 |  | 2023 |  |  | 2022 |
Other long-term loans |  |  |  | % |  | € in thousands |
|  | EURIBOR(1) |  | 5.27-9.2 |  |  | 25,055 |  |  |  | 23,247 |
|  | Consumer price index in Israel |  | 7 |  |  | 5,806 |  |  |  | 4,857 |
|  | Fixed |  | 5 - 5.5 |  |  | 3,512 |  |  |  | 3,478 |
|  |  |  |  |  |  | 34,373 |  |  |  | 31,582 |
Current maturities |  |  |  |  |  |  | 5,000 |  |  |  | 10,000 |
Other long-term loans |  |  |  |  |  |  | 29,373 |  |  |  | 21,582 |
(1) | Loans provided by the minority (49%) holders in Talasol.
Schedule of Aggregate Annual Maturities | The aggregate annual maturities are as follows:
|  | December 31 |  |  | December 31 |
|  | 2023 |  |  | 2022 |
|  | € in thousands |
Second year |  |  | 14,049 |  |  |  | 13,811 |
Third year |  |  | 13,668 |  |  |  | 15,952 |
Fourth year |  |  | 15,828 |  |  |  | 14,759 |
Fifth year |  |  | 24,462 |  |  |  | 16,026 |
Sixth year and thereafter |  |  | 199,147 |  |  |  | 190,500 |
Long-term loans |  |  | 267,154 |  |  |  | 251,048 |
Current maturities |  |  | 14,308 |  |  |  | 22,187 |
Short-term loans |  |  | 476 |  |  |  | 628 |
|  |  | 281,938 |  |  |  | 273,863 |
Schedule of Movement in Liabilities Deriving from Financing Activities | Movement in liabilities deriving from financing activities
|  |  |  | Liabilities |  |  |  |
|  |  |  | Loans and |  |  |  |  |  |  |
|  | Note |  | borrowings |  |  | Debentures |  |  | Total |
|  |  |  | € in thousands |
Balance as at January 1, 2023 |  |  |  |  | 273,863 |  |  |  | 110,428 |  |  |  | 384,291 |
Changes from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issue of debentures |  |  |  |  | - |  |  |  | 55,808 |  |  |  | 55,808 |
Repayment of debentures |  | 12 |  |  | - |  |  |  | (17,763 | ) |  |  | (17,763 | )
Receipt of loans |  |  |  |  | 32,157 |  |  |  | - |  |  |  | 32,157 |
Repayment of loans |  |  |  |  | (12,736 | ) |  |  | - |  |  |  | (12,736 | )
Accrued interest |  |  |  |  | 4,284 |  |  |  | - |  |  |  | 4,284 |
Linkage |  |  |  |  | 1,849 |  |  |  | - |  |  |  | 1,849 |
Transaction costs related to borrowings |  |  |  |  | (686 | ) |  |  | 446 |  |  |  | (240 | )
Transfer to disposal groups held for sale |  |  |  |  | (13,047 | ) |  |  | - |  |  |  | (13,047 | )
Total net financing liabilities |  |  |  |  | 285,684 |  |  |  | 148,919 |  |  |  | 434,603 |
Effect of changes in foreign exchange rates |  |  |  |  | (3,746 | ) |  |  | (8,832 | ) |  |  | (12,578 | )
Balance as at December 31, 2023 |  |  |  |  | 281,938 |  |  |  | 140,087 |  |  |  | 422,025 |
|  |  |  | Liabilities |  |  |  |
|  |  |  | Loans and |  |  |  |  |  |  |
|  | Note |  | borrowings |  |  | Debentures |  |  | Total |
|  |  |  | € in thousands |
Balance as at January 1, 2022 |  |  |  |  | 218,895 |  |  |  | 137,299 |  |  |  | 356,194 |
Changes from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of debentures |  | 12 |  |  | - |  |  |  | (19,764 | ) |  |  | (19,764 | )
Receipt of loans |  |  |  |  | 215,170 |  |  |  | - |  |  |  | 215,170 |
Repayment of loans |  |  |  |  | (153,751 | ) |  |  | - |  |  |  | (153,751 | )
Accrued interest |  |  |  |  | 2,488 |  |  |  | - |  |  |  | 2,488 |
Linkage |  |  |  |  | 2,029 |  |  |  | - |  |  |  | 2,029 |
Transaction costs related to borrowings |  |  |  |  | (3,861 | ) |  |  | 779 |  |  |  | (3,082 | )
Issuance of capital note to non-controlling interest |  |  |  |  | (3,958 | ) |  |  | - |  |  |  | (3,958 | )
Total net financing liabilities |  |  |  |  | 277,012 |  |  |  | 118,314 |  |  |  | 395,326 |
Effect of changes in foreign exchange rates |  |  |  |  | (3,149 | ) |  |  | (7,886 | ) |  |  | (11,035 | )
Balance as at December 31, 2022 |  |  |  |  | 273,863 |  |  |  | 110,428 |  |  |  | 384,291 |

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