v3.25.2
Other Assets
 6 Months Ended
Jun. 30, 2025
Other Assets [Abstract]  
Other assets
10.Other assets

 

   As of
June 30, 2025
(unaudited)		   As of
December 31, 2024		 
   (in €) 
Non-current other assets        
Prepaid expenses   177,716    204,233 
Total   177,716    204,233 
Current other assets          
Prepayments on research & development projects   4,621,049    4,628,878 
Prepaid expenses   895,063    354,948 
Others   3,842    119,576 
Total   5,519,954    5,103,402 
Total other assets   5,697,669    5,307,635 
           
Other assets from research allowances          
Current other assets from  research allowances   5,863,947    5,081,772 
Other assets from research allowances   5,863,947    5,081,772 

As of June 30, 2025, prepayments on research and development projects amounted to €4.6 million compared to €4.6 million as of December 31, 2024, and consist of prepayments on CRO and CDMO contracts.

 

Prepaid expenses consist mainly of prepaid D&O insurance expense for the year 2025, which will be recognized into general and administrative expenses pro rata over the year.

 

As of June 30, 2025, other assets from research allowances were €5.9 million compared to €5.1 million as of December 31, 2024, which represent reimbursements the Company qualifies for under the German Research Allowance Act. The increase is due to additional receivables recognized for eligible expenses incurred in the six months ended June 30, 2025 in the amount of €1.5 million and a payment received for the year 2020 in the amount of €0.7 million.