Financial risk management (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Financial risk management |
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| Disclosure of Table presents the group's assets that are measured at fair value |
| | | | | | | At December 31, | (Euro thousands) | | 2025 | | 2024 | Assets | | | | | Other non-current assets | | | | | - Financial assets at fair value through profit or loss | | | | | Level 1 | | 1,034 | | 1,054 | Level 3 | | 593 | | 1,656 | | | 1,627 | | 2,710 | Liabilities | | | | | Other current liabilities | | | | | - Warrant liabilities | | | | | Level 1 | | 177 | | 791 | Level 3 | | 96 | | 432 | | | 273 | | 1,223 |
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| Disclosure of trade receivables in financial risk management |
| | | | | | | | | | | | | | | 0-90 days | | 90-180 days | | >180 days | | | (Euro thousands) | | Not yet due | | overdue | | overdue | | overdue | | Total | Trade receivables, gross | | 6,910 | | 10,021 | | 385 | | 7,082 | | 24,398 | Loss allowance (Note 21) | | — | | (2,186) | | (243) | | (6,587) | | (9,016) | Total trade receivables at December 31, 2025 | | 6,910 | | 7,835 | | 142 | | 495 | | 15,382 | Trade receivables, gross | | 8,479 | | 13,728 | | 4,072 | | 8,271 | | 34,550 | Loss allowance | | — | | (153) | | (617) | | (5,681) | | (6,451) | Total trade receivables at December 31, 2024 | | 8,479 | | 13,575 | | 3,455 | | 2,590 | | 28,099 |
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| Disclosure of maturity analysis for non-derivative financial liabilities |
| | | | | | | | | | | | | As at December 31, 2025 | | | | | Less than 1 | | 1 to 3 | | Over 3 | | | | | On demand | | year | | years | | years | | Total | Trade payables | | 33,970 | | 11,829 | | — | | — | | 45,799 | Other current liabilities | | 12,187 | | 91,650 | | — | | — | | 103,837 | Lease liabilities | | — | | 45,852 | | 49,222 | | 57,500 | | 152,574 | Borrowings | | — | | 325,067 | | 9,618 | | 70 | | 334,755 | | | 46,157 | | 474,398 | | 58,840 | | 57,570 | | 636,965 |
| | | | | | | | | | | | | As at December 31, 2024 | | | | | Less than 1 | | 1 to 3 | | Over 3 | | | | | On demand | | year | | years | | years | | Total | Trade payables | | 38,845 | | 41,579 | | — | | — | | 80,424 | Other current liabilities | | 9,358 | | 93,231 | | — | | — | | 102,589 | Lease liabilities | | — | | 53,348 | | 55,169 | | 76,700 | | 185,217 | Borrowings | | — | | 158,540 | | 14,792 | | 10,430 | | 183,762 | | | 48,203 | | 346,698 | | 69,961 | | 87,130 | | 551,992 |
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| Currency risk |
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| Financial risk management |
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| Disclosure of Sensitivity analysis of reasonably possible change in interest rate |
| | | | | | | | | | | At December 31, 2025 | | At December 31, 2024 | | | Increase / (decrease) in | | Increase / (decrease) in | | Increase / (decrease) in | | Increase / (decrease) in | | | loss before tax if Euro | | loss before tax if Euro | | loss before tax if Euro | | loss before tax if Euro | (Euro thousands) | | strengthens by 5% | | weakens by 5% | | strengthens by 5% | | weakens by 5% | USD | | (11,721) | | 11,721 | | (12,342) | | 12,342 | CNY | | (375) | | 375 | | (438) | | 438 | HKD | | 44 | | (44) | | (31) | | 31 | GBP | | 14 | | (14) | | 30 | | (30) | JPY | | (720) | | 720 | | (1,169) | | 1,169 | Total | | (12,758) | | 12,758 | | (13,950) | | 13,950 |
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| Interest rate risk |
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| Financial risk management |
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| Disclosure of Sensitivity analysis of reasonably possible change in interest rate |
| | | | | | | Increase/(decrease) | | Increase/(decrease) | (Euro thousands) | | in basis points | | in loss before tax | 2025 | | 100 | | 76 | | | (100) | | (76) | 2024 | | 100 | | 163 | | | (100) | | (163) |
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