v3.25.4
Financial risk management (Tables)
 12 Months Ended
Dec. 31, 2025
Financial Risk Management [Abstract]  
Sensitivity Analysis to Reasonable Possible Change in Exchange Rates and Interest Rates
The following table demonstrates the sensitivity to a reasonably possible change in exchange rates for the Group's main foreign currencies, USD and EUR, with all other variables held constant, of the Group’s result before taxes. There is no direct impact on the Group’s equity.
in % and CHF thousandsIncr./Decr. exchange rateEffect on result before tax (in TCHF)
USD Positions
2025+10 %2,289 
-10 %(2,289)
2024+10 %4,468 
-10 %(4,468)
2023+10 %4,718 
-10 %(4,718)
EUR Positions
2025+10 %33 
-10 %(33)
2024+10 %291 
-10 %(291)
2023+10 %479 
-10 %(479)
The following table demonstrates the sensitivity of the main currencies used in the Group, to reasonably possible changes in interest rates, with all other variables held constant, of the Group’s results before tax. There is no direct impact on the Group’s equity.
in % and CHF thousandsIncr./Decr. interest rateEffect on result before tax (in TCHF)
CHF Positions
2025+0.5 %348 
-0.5 %(348)
2024+0.5 %508 
-0.5 %(508)
2023+0.5 %674 
-0.5 %(674)
USD Positions
2025+0.5 %115 
-0.5 %(115)
2024+0.5 %224 
-0.5 %(224)
2023+0.5 %235 
-0.5 %(235)
Disclosure of Maximum Credit Risk Exposure
The maximum credit risk as of the balance sheet date was as follows:
Credit risk
in CHF thousands20252024
Cash and cash equivalents82,653 63,874 
Trade receivables253 286 
Accrued income71 276 
Short-term time deposits10,405 85,565 
Total credit risk as at December 3193,382 150,001