Financial assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Financial assets and liabilities

Schedule of financial assets and liabilities


(in thousands of euros)		December 31, 2025
				Financial
		Book value on		assets/liabilities
		the statement of		carried at fair		Financial assets		Liabilities
		financial		value through		carried at		carried at
Financial assets		position		profit or loss		amortized cost		amortized cost		Fair value
Long-term accrued income		—		—		—		—		—
Long-term deposit accounts		115		—		115		—		115
Long-term security deposits		—		—		—		—		—
Current accrued income⁽¹⁾		1,575		—		1,575		—		1,575
Short-term deposit accounts⁽¹⁾		131,558		—		131,558		—		131,558
Trade receivables⁽¹⁾		2,016		—		2,016		—		2,016
Other receivables⁽¹⁾		1,919		—		1,919		—		1,919
Derivatives instruments assets		—		—		—		—		—
Cash and cash equivalents⁽²⁾		99,312		—		99,312		—		99,312
Total		236,494		—		236,494		—		236,494
Financial liabilities
Long-term debt⁽³⁾⁽⁴⁾		27,551		—		—		27,551		27,609
Derivative instruments⁽⁵⁾		119,385		119,385		—		—		119,385
Royalty certificates liabilities⁽³⁾		51,645		—		—		51,645		154,996
Short-term debt⁽¹⁾		32,309		—		—		32,309		32,309
Trade payables⁽¹⁾		26,017		—		—		26,017		26,017
Other miscellaneous payables⁽¹⁾		2,738		—		—		2,738		2,738
Total		259,645		119,385		—		140,260		363,055

⁽¹⁾	The carrying amount of short-term financial assets and liabilities at amortized cost is considered a reasonable estimate of fair value, in accordance with IFRS 7.29.

⁽²⁾	The carrying amount of cash and cash equivalents is based on level 1 valuation and corresponds to the fair value of the assets.

⁽³⁾	The fair value of royalty certificates and EIB financial debt, accounted for at amortized cost, is determined using level 3 valuation based on unobservable inputs, as described in Note 13 – Debt, Derivatives and Royalty certificates liabilities

⁽⁴⁾	The classification of other bank borrowings within the IFRS 13 fair value hierarchy corresponds to a level 2 valuation.

⁽⁵⁾	The fair value of derivative instruments is determined using level 3 valuation based on unobservable inputs, as described in Note 13 – Debt, Derivatives and Royalty certificates liabilities.


(in thousands of euros)		December 31, 2024
				Financial
		Book value on		assets/liabilities
		the statement of		carried at fair		Financial assets		Liabilities
		financial		value through		carried at		carried at
Financial assets		position		profit or loss		amortized cost		amortized cost		Fair value
Long-term deposit accounts		—		—		—		—		—
Long-term security deposits		—		—		—		—		—
Advance payment		1,047		—		1,047		—		1,047
Current accrued income		1,574		—		1,574		—		1,574
Short-term deposit accounts		—		—		—		—		—
Trade receivables		531		—		531		—		531
Other receivables		405		—		405		—		405
Derivatives instruments assets		—		—		—		—		—
Cash and cash equivalents		96,564		—		96,564		—		96,564
Total		100,120		—		100,120		—		100,120
Financial liabilities
Long-term debt⁽¹⁾		48,460		—		—		48,460		48,202
Derivative instruments		97,715		97,715		—		—		97,715
Royalty certificates liabilities		29,207		—		—		29,207		63,293
Short-term debt		5,868		—		—		5,868		5,868
Trade payables		32,862		—		—		32,862		32,862
Other miscellaneous payables		331		—		—		331		331
Total		214,444		97,715		—		116,729		248,272

⁽¹⁾See Note 13 – Debt, Derivatives and Royalty certificates liabilities.


(in thousands of euros)		December 31, 2023
				Financial
		Book value on		assets/liabilities
		the statement of		carried at fair value		Financial assets		Liabilities
		financial		through profit or		carried at		carried at
Financial assets		position		loss		amortized cost		amortized cost		Fair value
Long-term deposit accounts		9,000		—		9,000		—		9,000
Long-term security deposits		8		—		8		—		8
Advance payment		1,047		—		1,047		—		1,047
Short-term deposit accounts		70		—		70		—		70
Trade receivables		3,807		—		3,807		—		3,807
Other receivables		857		—		857		—		857
Cash and cash equivalents		26,918		—		26,918		—		26,918
Total		41,706		—		41,706		—		41,706
Financial liabilities
Long-term debt⁽¹⁾		32,181		—		—		32,181		29,701
Derivative instruments		10,265		10,265		—		—		10,265
Royalty certificates liabilities		6,327		—		—		6,327		9,617
Short-term debt		5,308		—		—		5,308		5,308
Trade payables		37,679		—		—		37,679		37,679
Other miscellaneous payables		23		—		—		23		23
Total		91,784		10,265		—		81,518		92,594

⁽¹⁾See Note 13 – Debt, Derivatives and Royalty certificates liabilities.