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Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss)
€ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
EUR (€)
€ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
EUR (€)
€ / shares
Dec. 31, 2022
EUR (€)
€ / shares
Profit or loss [abstract]        
Revenues € 40,467 $ 42,125 € 48,834 € 52,241
Operating expenses (19,803) (20,614) (22,861) (23,671)
Depreciation and amortization expenses (15,887) (16,538) (16,012) (15,580)
Gross profit 4,777 4,973 9,961 12,990
Project development costs (4,101) (4,269) (4,465) (3,784)
General and administrative expenses (6,063) (6,311) (5,283) (5,855)
Share of profits of equity accounted investee 11,062 11,515 4,320 1,206
Other Income (expenses) 3,409 3,549
Operating profit 9,084 9,457 4,533 4,557
Financing income 2,495 2,597 8,747 6,443
Financing income (expenses) in connection with derivatives and warrants, net 1,140 1,187 251 605
Financing expenses (23,286) (24,240) (12,555) (10,524)
Financing expenses, net (19,651) (20,456) (3,557) (3,476)
Profit (loss) before taxes on income (10,567) (10,999) 976 1,081
Tax benefit (Taxes on income) 1,424 1,482 1,436 (1,652)
Profit (loss) from continuing operations (9,143) (9,517) 2,412 (571)
Profit (loss) from discontinued operation (net of tax) 137 143 (1,787) 711
Profit (loss) for the year (9,006) (9,374) 625 140
Profit (loss) attributable to:        
Owners of the Company (6,524) (6,791) 2,219 (357)
Non-controlling interests (2,482) (2,583) (1,594) 497
Profit (loss) for the year (9,006) (9,374) 625 140
Other comprehensive income (loss) items after initial recognition in comprehensive income (loss) were or will be transferred to profit or loss:        
Foreign currency translation differences for foreign operations 8,007 8,335 (7,949) (7,829)
Foreign currency translation differences for foreign operations that were recognized in profit or loss 255 265
Effective portion of change in fair value of cash flow hedges 5,631 5,861 39,431 (65,542)
Net change in fair value of cash flow hedges transferred to profit or loss (813) (846) 9,794 38,080
Total other comprehensive income (loss) 13,080 13,615 41,276 (35,291)
Total other comprehensive income (loss) attributable to:        
Owners of the Company 10,039 10,450 16,931 (19,920)
Non-controlling interests 3,041 3,165 24,345 (15,371)
Total other comprehensive income (loss) 13,080 13,615 41,276 (35,291)
Total comprehensive income (loss) for the year 4,074 4,241 41,901 (35,151)
Total comprehensive income (loss) for the year attributable to:        
Owners of the Company 3,515 3,659 19,150 (20,277)
Non-controlling interests 559 582 22,751 (14,874)
Total comprehensive income (loss) for the year € 4,074 $ 4,241 € 41,901 € (35,151)
Basic net earning (loss) per share (in Euro per share and Dollars per share) | (per share) € (0.51) $ (0.53) € 0.17 € (0.03)
Diluted net earning (loss) per share (in Euro per share and Dollars per share) | (per share) (0.51) (0.53) 0.17 (0.03)
Basic profit (loss) per share from continuing operations (in Euro per share and Dollars per share) | (per share) (0.52) (0.54) 0.31 (0.08)
Diluted profit (loss) per share from continuing operations (in Euro per share and Dollars per share) | (per share) (0.52) (0.54) 0.31 (0.08)
Basic profit (loss) per share from discontinued operation (in Euro per share and Dollars per share) | (per share) 0.01 0.01 (0.14) 0.05
Diluted profit (loss) per share from discontinued operation (in Euro per share and Dollars per share) | (per share) € 0.01 $ 0.01 € (0.14) € 0.05