Financial instruments (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Financial instruments |
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| Schedule of cash and cash equivalents |
| | | | | in k€ | | 2025 | | 2024 | Cash at banks and on hand | | 184,461 | | 302,825 | Short-term deposits | | 75,000 | | — | Money market funds | | 159,056 | | 3,562 | Total | | 418,517 | | 306,387 |
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| Schedule of other long term investments |
The development of investments measured at fair value in accordance with IFRS 9 is shown below: | | | | | in k€ | | 2025 | | 2024 | Balance at January 1 | | 34,370 | | 135,593 | Additions | | 10,893 | | 7,532 | Reclassified as Held for Sale | | (3,830) | | — | Disposals | | (1,918) | | (69,370) | Fair value adjustments recognized in profit or loss | | 4,269 | | (34,310) | Adjustments to fair value, recognized in OCI | | (1,144) | | (5,075) | Balance at December 31 | | 42,640 | | 34,370 |
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| Summary of loan liabilities |
| | | | | | | | | | | | | | | | | | | | | | | December 31, | | | | | | | | | 2025 | | 2025 | | 2024 | | 2024 | | | | | Nominal interest | | Maturity | | Fair | | Carrying | | Fair | | Carrying | Country of lender | | Currency | | Rate | | until | | Value | | amount | | Value | | amount | | | | | | | | | k€ | | k€ | | k€ | | k€ | Germany | | EUR | | fixed interest rate of 0.80% to 2.00% | | 2026-2032 | | 178,535 | | 202,544 | | 159,691 | | 186,345 | Germany | | EUR | | variable interest rate of 1.1% + 6M Euribor | | 2026 | | 14,171 | | 14,500 | | 14,095 | | 14,490 | Germany | | EUR | | 1.60% | | 2026-2027 | | 40,855 | | 42,193 | | 54,195 | | 58,608 | Germany | | EUR | | 1.20% | | 2029 | | 3,304 | | 3,495 | | 4,243 | | 4,571 | Germany | | EUR | | 1.40% | | 2031 | | 12,399 | | 13,366 | | 14,442 | | 15,912 | Italy | | EUR | | 1.30% | | 2026 | | 114 | | 117 | | 236 | | 243 | Italy | | EUR | | variable interest rate of 4.50 % | | 2027 | | 190 | | 188 | | 315 | | 314 | France | | EUR | | fixed interest rate of 0.00% to 0.55% | | 2026-2029 | | — | | — | | 6,029 | | 7,075 | | | | | | | | | 249,568 | | 276,403 | | 253,245 | | 287,556 |
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| Schedule of lease liabilities |
| | | | | in k€ | | 2025 | | 2024 | Current portion of lease obligations | | 22,182 | | 19,563 | Long-term lease obligations | | 149,104 | | 132,301 | | | 171,286 | | 151,863 |
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| Schedule of amounts are recognised in profit and loss |
| | | | | | | in k€ | | 2025 | | 2024 | | 2023 | Depreciation expense of right-of-use assets | | 19,681 | | 21,530 | | 21,075 | Interest expense on lease liability | | 4,623 | | 4,727 | | 5,831 | Income from subleases | | 229 | | — | | — | Expense relating to short-term leases | | 1,109 | | 283 | | 236 | Expense for leases on an asset of low value | | 70 | | 57 | | 62 | Total amount recognized in profit or loss | | 25,254 | | 26,597 | | 27,205 |
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| Schedule of reconciliation of cash flows from financing activities to the changes in financial liabilities |
The following tables show the reconciliation of cash flow from financing activities to changes in financial liabilities in 2025 and 2024. | | | | | | | Loans | | Lease Obligations | | | in k€ | | in k€ | Balance as of January 1, 2025 | | 287,556 | | 151,864 | Proceeds from issuance of loans | | 43,961 | | — | Repayments | | (49,740) | | (23,639) | Interest Paid | | (4,093) | | — | Cash flow from financing activities | | (9,872) | | (23,639) | Non-cash transactions: | | | | | Disposal of finance lease obligation | | — | | (197) | Foreign currency translation and other | | 1,000 | | (12,596) | Divestment of affiliated companies | | (6,700) | | — | Interest expense | | 4,419 | | 4,623 | Issue of finance lease obligation | | — | | 51,231 | Balance as of December 31, 2025 | | 276,403 | | 171,286 |
| | | | | | | Loans | | Lease Obligations | | | in k€ | | in k€ | Balance as of January 1, 2024 | | 437,058 | | 189,140 | Proceeds from issuance of loans | | 900 | | — | Repayments | | (128,849) | | (24,124) | Interest Paid | | (5,920) | | — | Cash flow from financing activities | | (133,869) | | (24,124) | Non-cash transactions: | | | | | Disposal of finance lease obligation | | — | | (27,604) | Foreign currency translation | | — | | 6,027 | Divestment of affiliated companies | | — | | (3,543) | Reclassification(1) | | (21,700) | | — | Interest expense | | 6,067 | | 4,727 | Issue of finance lease obligation | | — | | 7,241 | Balance as of December 31, 2024 | | 287,556 | | 151,864 |
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