Employee benefits (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Employee benefits |
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| Schedule of long-term employee benefits |
| | | | | | | At December 31, | (Euro thousands) | | 2025 | | 2024 | Post-employee benefits | | 10,006 | | 12,838 | Other long-term employee benefits | | 1,636 | | 4,402 | Total long-term employee benefits | | 11,642 | | 17,240 |
| | | | | | | | | | | Defined-benefit | | Defined-benefit | | Other long-term | | | (Euro thousands) | | plan in Italy (TFR) | | plans in Austria | | employee benefits | | Total | At January 1, 2024 | | 2,290 | | 11,306 | | 4,376 | | 17,972 | Current service costs | | 49 | | 482 | | 147 | | 678 | Interest expenses | | 64 | | 380 | | 62 | | 506 | Actuarial losses in other comprehensive loss | | (46) | | (18) | | 13 | | (51) | Actuarial gains in profit or loss | | — | | — | | (91) | | (91) | Benefits paid | | (276) | | (1,326) | | (105) | | (1,707) | Contributions | | — | | (65) | | — | | (65) | Exchange differences | | — | | (2) | | — | | (2) | At December 31, 2024 | | 2,081 | | 10,757 | | 4,402 | | 17,240 | Current service costs | | 38 | | 421 | | 80 | | 539 | Interest expenses | | 60 | | 367 | | 38 | | 465 | Actuarial gains in other comprehensive loss | | (10) | | (515) | | — | | (525) | Actuarial gains in profit or loss | | — | | — | | (2,686) | | (2,686) | Benefits paid | | (131) | | (1,329) | | (198) | | (1,658) | Transfer to held for sale | | (1,729) | | — | | — | | (1,729) | Exchange differences | | — | | (4) | | — | | (4) | At December 31, 2025 | | 309 | | 9,697 | | 1,636 | | 11,642 |
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| Schedule of breakdown of the defined-benefit obligations by type of benefit plan |
| | | | | | | At December 31, | (Euro thousands) | | 2025 | | 2024 | Defined-benefit plan in Italy | | | | | - Italian leaving indemnities | | 309 | | 2,081 | Defined-benefit plans in Austria | | | | | - Severance payments | | 5,724 | | 6,375 | - Pensions liability | | 3,973 | | 4,382 | | | 9,697 | | 10,757 | Total defined-benefit obligations | | 10,006 | | 12,838 |
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| Schedule of fair value of defined-benefit plans |
| | | | | | | At December 31, | (Euro thousands) | | 2025 | | 2024 | Fair value of plan liabilities | | 10,894 | | 11,894 | Fair value of plan assets | | (1,197) | | (1,137) | Defined-benefit plans in Austria | | 9,697 | | 10,757 |
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| Schedule of composition of the main plan assets on the reporting date |
| | | | | | | At December 31, | (Euro thousands) | | 2025 | | 2024 | Equity investments | | 558 | | 585 | Real estates | | 259 | | 273 | Bonds | | 135 | | 131 | Alternative investments | | — | | 100 | Qualified insurance policies | | 245 | | — | Liquid funds | | — | | 48 | Total plan assets | | 1,197 | | 1,137 |
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| Schedule of main actuarial assumptions used |
| | | | | | | | | | | | At December 31, 2025 | | At December 31, 2024 | | | | Defined-benefit | | Defined-benefit | | Defined-benefit | | Defined-benefit | | | | plan in | | plans in | | plan in | | plans in | | | | Italy (TFR) | | Austria | | Italy (TFR) | | Austria | | Average duration of plan (years) | | 15.50~15.76 | | 8.30~11.30 | | 7.8~17.53 | | 7.40~11.00 | | Discount rate | | 2.36%~3.98 | % | 3.88%~4.06 | % | 2.57%~3.41 | % | 3.25%~3.45 | % | Inflation rate | | 1.61%~2.18 | % | N.A. | | 1.84%~2.21 | % | N.A. | | Salary increase rate | | 0.50%~2.50 | % | 1.70%~3.00 | % | 2.50 | % | 1.70%~3.00 | % |
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