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Loans (Tables)
 12 Months Ended
Dec. 31, 2024
Loans [Abstract]  
Schedule of Loans

Composed as follows:

 

  Linkage  Interest rate  December 31   December 31 
   terms  2023 and 2024  2024   2023 
Bank loans     %  € in thousands 
  EURIBOR  2 – 6.3   28,105    21,132 
  Fixed rate  2.58 – 3.03   149,985    156,748 
  Prime rate (USA)  6.75-7.75   9,551    
-
 
  Bank of Israel interest rate  4.35 - 9.1   6,379    5,509 
  Consumer price index in Israel  2.75 - 4.78   73,162    64,176 
          267,182    247,565 
Current maturities         21,316    9,784 
                 
Long-term loans         245,866    237,781 

 

   Linkage  Interest rate  December 31   December 31 
   terms  2023 and 2024  2024   2023 
Other long-term loans     %  € in thousands 
  EURIBOR(1)  5.27-9.2   25,239    25,055 
  Consumer price index in Israel  7   7,259    5,806 
  Fixed rate  5 - 5.5   3,816    3,512 
         36,314    34,373 
Current maturities         5,866    5,000 
                 
Other long-term loans         30,448    29,373 

 

(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 
   2024   2023 
   € in thousands 
Second year   13,884    14,049 
Third year   16,673    13,668 
Fourth year   16,887    15,828 
Fifth year   16,575    24,462 
Sixth year and thereafter   212,295    199,147 
           
Long-term loans   276,314    267,154 
Current maturities   26,712    14,308 
Short-term loans   470    476 
    303,496    281,938 
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, 2024       281,938    140,087    422,025 
Changes from financing activities                   
Proceeds from issue of debentures       
-
    74,159    74,159 
Repayment of debentures  12    
-
    (35,845)   (35,845)
Receipt of loans       19,482    
-
    19,482 
Repayment of loans       (11,776)   
-
    (11,776)
Accrued interest (see Note 7)       5,899    
-
    5,899 
Linkage       2,474    
-
    2,474 
Transaction costs related to borrowings       88    1,369    1,457 
Total net financing liabilities       298,105    179,770    477,875 
                    
Effect of changes in foreign exchange rates       5,391    11,759    17,150 
Balance as at December 31, 2024       303,496    191,529    495,025 
       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 (see Note 7)       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