Cash and cash equivalents |
3 Months Ended | ||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||
| Cash and cash equivalents [abstract] | |||||||||||||||||||||||||||||||
| Cash and cash equivalents | Cash and cash equivalents Cash and cash equivalents break down as follows:
Cash equivalents mainly include term deposits with short-term maturities and highly liquid investments in mutual funds (measured at amortized cost) and highly liquid investments in mutual funds and structured notes (measured at fair value through profit or loss) denominated in euros and U.S. dollars. Cash equivalents include the invested proceeds from the Offering. As of December 31, 2025 and March 31, 2026, in addition to the Group’s bank accounts, cash includes notice accounts amounting to €5,744 thousand and €4,147 thousand respectively. These funds are available on demand within 24 hours and without penalty. As of December 31, 2025 and March 31, 2026, the impact of the revaluation of cash and cash equivalents held in U.S. dollars into the Company's functional currency is a net financial expense of €8,639 thousand and a net financial gain of €2,500 thousand, respectively.
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