v3.26.1
Payables, other current liabilities and provisions
 3 Months Ended
Mar. 31, 2026
Trade and other current payables [abstract]  
Payables, other current liabilities and provisions Payables, other current liabilities and provisionsNote 17.1. Trade payables and other current liabilities
Trade payables and other current liabilities break down as follows:
(amounts in thousands of euros)
TRADE PAYABLES AND OTHER CURRENT LIABILITIES
AS OF
DECEMBER 31,
2025
AS OF
MARCH 31, 2026
Trade payables
23,388
 
9,961
Accrued invoices
14,159
 
19,553
Other
4
 
—
Trade payables and other current liabilities
37,552
—
29,514
The decrease in Trade payables as of March 31, 2026 compared to December 31, 2025 is mainly attributable to decreased
activity on the ABTECT clinical program as a result of reaching major milestones in the Phase 3 clinical trials in 2025.
Note 17.2. Tax and employee-related payables
Tax and employee-related payables are presented below:
(amounts in thousands of euros)
TAX AND EMPLOYEE-RELATED PAYABLES
AS OF
DECEMBER 31,
2025
AS OF
MARCH 31, 2026
Employee-related payables
4,816
2,130
Social security and other
2,304
11,199
Other tax and related payments
17
164
TAX AND EMPLOYEE-RELATED PAYABLES
7,137
13,493
The decrease in employee-related payables as of March 31, 2026 is mainly related to year-end bonus accruals.
The increase in Social security and other payables as of March 31, 2026 is mainly related to social contributions on vested AGAs that
have become due, which are calculated using the vesting-date share price (see Note 14).
Note 17.3 Provisions
Provisions are presented below:
(amounts in thousands of
euros)
AGA EMPLOYER
CONTRIBUTIONS
AND TAXES
OTHER
PROVISIONS
TOTAL
AS OF
DECEMBER 31, 2025
45,185
694
45,879
Increases
—
70
70
Provisions used
(8,325)
(563)
(8,888)
Unused reversals
(3,394)
(51)
(3,445)
AS OF
MARCH 31, 2026
33,467
150
33,616
Non-current
15,471
20
15,491
Current
17,995
130
18,125
The Group's provisions as of March 31, 2026 primarily consist of AGA employer contributions and taxes. Movements during the
period were as follows:
•The provisions used correspond to social contributions on vested AGAs that have become due;
•The unused reversals are related to (i) the decrease in the Group's share price over the period and, to a lesser extent, (ii)
forfeitures following employee departures and changes in estimates regarding the achievement of performance conditions.
The amount is presented net of the accrual of obligations arising from services rendered during the period under the relevant
AGA plans.
Other provisions primarily relate to employment-related claims or other minor litigation matters.