v3.26.1
Financial risk management (Tables)
12 Months Ended
Dec. 31, 2025
Financial risk management  
Disclosure of categories of material financial assets and liabilities

December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

Notes

(Euro, in thousands)

Financial assets held at fair value through other comprehensive income

Equity investments

Level 3

46,809

52,941

16

Financial assets held at fair value through profit or loss

Contingent consideration receivable

Level 3

54,705

47,207

5

Financial investments

Level 1

1,472,031

1,484,599

22

Convertible loan

Level 3

21,175

17

Financial assets at amortized cost

Financial investments

1,438,149

1,768,917

22

Escrow account

41,163

5

Cash and cash equivalents

87,868

64,239

23

Restricted cash (current and non-current)

1,759

1,985

18

Other non-current assets

1,200

1,266

18

Trade receivables

9,568

32,471

21

Total financial assets

3,133,264

3,494,788

Financial liabilities held at fair value through profit or loss

Current financial instruments

5

5

27

Non-current contingent consideration related to milestones CellPoint

Level 3

20,576

27

Financial liabilities at amortized cost

Trade liabilities

32,621

64,230

27

Lease liabilities

6,915

11,722

26

Total financial liabilities

39,541

96,533

Disclosure of aging balance of receivables

December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

(Euro, in thousands)

60 - 90 days

899

552

3

90 - 120 days

24

3

more than 120 days

302

19

117

Foreign exchange risk  
Financial risk management  
Disclosure of sensitivity of exchange rate risk

December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Net book value

(Euro, in thousands)

Increase in Euros - U.S. Dollars

(182,651)

(70,387)

(78,013)

Increase in Euros - GB Pounds

62

31

666

Increase in Euros - CH Francs

774

280

385