2025

2024

2023

(€ in thousands)

Consolidated result before corporate income taxes

(42,165)

(27,960)

(27,813)

Income tax based on domestic rate (25.8%)

10,879

7,214

7,176

Tax effect of:

Different tax rates in foreign jurisdictions

(19)

—

(8)

(Non-deductible expenses) / non-taxable gains

(830)

(269)

(289)

Share- and loan-issue expenditures that are tax deductible

—

1,117

—

Change in unrecognized deductible temporary differences

(47)

(73)

(67)

Current year losses for which no deferred tax asset was recognized

(10,002)

(7,989)

(6,820)

True-up for prior year

—

197

86

Income tax (charge) / benefit

(19)

197

78

Effective tax rate

(0.05)

%

0.70

%

0.30

%