v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF CASH FLOWS      
Net income (loss) from continued operations € (71,100) € (84,104) € 37,954
Adjustments to reconcile consolidated net income (loss) to net cash      
Income tax expense (benefit) (41) (1,492) 2,778
Financial result 72,178 3,824 (8,537)
Depreciation and amortization 4,824 7,923 6,904
Net loss (gain) from the disposal of intangibles and PP&E 3 (133) (602)
Reversal of impairments of financial assets, net   (20) (22,696)
Other non-cash (income) expenses (5,000) (1,432) 182
Change in equity method investments (non-cash) 405    
Change in non-current financial assets (non-cash) (8,478)    
Listing expense   71,631  
Non-cash effects (3,447)    
Working capital adjustments:      
Changes in trade and other receivables 3,704 (3,580) (6,729)
Changes in inventories (1,967) 619 8,244
Change in trade and related party payables 9,982 5,086 (6,823)
Change in provisions 132 (598) 382
Taxes received (paid), net 54 (302) (1,161)
Cash provided by (used in) operating activities 1,250 (2,578) 9,897
Purchases of intangible assets and property, plant and equipment (6,357) (5,111) (6,907)
Receipts from sale and leaseback transaction     8,926
Proceeds from sale (purchases) of financial assets, net 123 (4)  
Payment for loan to shareholder     70,000
Proceeds from disposal of a subsidiary   1,000  
Interest received 7 61  
Cash used in (provided by) investing activities (6,227) (4,054) 72,019
Proceeds from debt financing 7,572 3,145  
Payments for debt financing (2,296) (264) (81,871)
Proceeds from business combination   14,443  
Payment of lease liabilities (1,513) (1,543) (715)
Interest paid (899) (853) (2,044)
Change in restricted cash 59 (30) 917
Transaction with minority shareholder   (10,939)  
Cash (used in) provided by financing activities 2,923 3,959 (83,714)
Net increase (decrease) in cash and cash equivalents (2,055) (2,673) (1,798)
Effect of foreign exchange rate changes on cash and cash equivalents (162) 755 (824)
Cash and cash equivalents at the beginning of the period 3,791 5,710 8,332
Cash and cash equivalents at the end of the period € 1,574 € 3,791 € 5,710