v3.25.4
Tax on Profit/(Loss) for the Year and Deferred Tax - Summary of Tax on Profit/Loss and Deferred Tax (Detail) - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Tax on profit/(loss) for the year:      
Current tax (expense)/income € (12,556) € (3,289) € (5,377)
Current tax, adjustments to prior years 513 (126) 3,904
Deferred tax, movement for the year (3,410) (2,035) (1,044)
Deferred tax, adjustments to prior years 70 607 (4,786)
Current tax expense (income) and adjustments for current tax of prior periods (15,383) (4,843) (7,303)
Tax for the year can be explained as follows:      
Profit/(loss) before tax (212,651) (373,241) (474,144)
Tax at the Danish corporation tax rate of 22% 46,783 82,113 104,312
Tax effect of:      
Non-deductible costs 29,358 (9,740) (8,494)
Additional tax deductions 37,715 3,161 9,077
Impact from associates 3,588 (4,413) (4,047)
Prior year adjustments 583 481 (1,294)
Other effects including effect of different tax rates (2,121) 182 (882)
Deferred tax assets, not recognized (131,289) (76,627) (105,975)
Tax on profit/(loss) for the year € (15,383) € (4,843) € (7,303)
Effective tax rate 7.23% 1.30% 1.54%
Development in deferred tax assets/(liabilities) :      
January 1, € (7,258) € (5,830)  
Deferred income tax (expense)/income, through profit or loss (3,340) (1,428) € (5,830)
Foreign exchange translation 975    
December 31, (9,623) (7,258) (5,830)
Classified in the statement of financial position :      
Deferred tax liabilities (9,623) (7,258)  
Net deferred tax liability (asset) (9,623) (7,258) (5,830)
Tax deductible losses 430,011 434,997 521,697
Other temporary differences, assets 291,759 164,479 16,256
Deferred tax assets, not recognized (721,631) (599,476) (537,953)
Other temporary differences, liabilities (9,762) (7,258) (5,830)
Total deferred tax assets/(liabilities) at December 31 € (9,623) € (7,258) € (5,830)