v3.26.1
Borrowings - Summary of breakdown for non-current and current borrowings (Details) - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Borrowings      
Beginning balance € 183,762 € 68,101  
Repayments (174,454) (113,717) € (117,552)
Proceeds 331,491 228,939 153,319
Net foreign exchange difference (6,044) 439  
Ending balance 334,755 183,762 68,101
Portion classified as current liabilities (325,067) (158,540)  
Non-current portion 9,688 25,222  
Within one year      
Borrowings      
Beginning balance 158,540    
Ending balance 325,067 158,540  
In the second year      
Borrowings      
Beginning balance 14,653    
Ending balance 139 14,653  
In the third year      
Borrowings      
Beginning balance 139    
Ending balance 9,479 139  
Over three years      
Borrowings      
Beginning balance 10,430    
Ending balance 70 10,430  
Guaranteed      
Borrowings      
Beginning balance 5,694 8,580  
Repayments (2,707) (2,896)  
Proceeds 25 10  
Ending balance 3,012 5,694 8,580
Portion classified as current liabilities (2,664) (3,333)  
Non-current portion 348 2,361  
Guaranteed | Within one year      
Borrowings      
Beginning balance 3,333    
Ending balance 2,664 3,333  
Guaranteed | In the second year      
Borrowings      
Beginning balance 2,014    
Ending balance 139 2,014  
Guaranteed | In the third year      
Borrowings      
Beginning balance 139    
Ending balance 139 139  
Guaranteed | Over three years      
Borrowings      
Beginning balance 208    
Ending balance 70 208  
Secured      
Borrowings      
Beginning balance 26,114 29,895  
Repayments (102,930) (97,488)  
Proceeds 81,676 94,019  
Net foreign exchange difference (847) (312)  
Ending balance 4,013 26,114 29,895
Portion classified as current liabilities (4,013) (13,475)  
Non-current portion   12,639  
Secured | Within one year      
Borrowings      
Beginning balance 13,475    
Ending balance 4,013 13,475  
Secured | In the second year      
Borrowings      
Beginning balance 12,639    
Ending balance   12,639  
Unsecured      
Borrowings      
Beginning balance 151,954 29,626  
Repayments (68,817) (13,333)  
Proceeds 249,790 134,910  
Net foreign exchange difference (5,197) 751  
Ending balance 327,730 151,954 € 29,626
Portion classified as current liabilities (318,390) (141,732)  
Non-current portion 9,340 10,222  
Unsecured | Within one year      
Borrowings      
Beginning balance 141,732    
Ending balance 318,390 141,732  
Unsecured | In the third year      
Borrowings      
Ending balance 9,340    
Unsecured | Over three years      
Borrowings      
Beginning balance € 10,222    
Ending balance   € 10,222