v3.26.1
INCOME TAXES - Tax Rate Reconciliation (Details) - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INCOME TAXES      
Income (loss) before income tax € (72,994) € (85,596) € 40,732
Applicable income tax rate 29.125% 29.125% 29.125%
Expected income tax (expense) / income € 21,260 € 24,930 € (11,863)
Foreign tax rate differential 218 48 891
Non-deductible expenses 14,173 19,503 2,833
Tax -free income 218 1,064 1,263
Change in valuation allowance from temporary differences and tax loss carryforwards (7,621) (4,032) 3,598
Non-recognition or Utilization of unrecognized interest carryforwards. (521) (555) 333
Other reconciling items 660 (460) 168
Effective income tax (expense) / benefit € 41 € 1,492 € (2,778)
Effective tax rate in % 0.06% 1.74% 6.82%