INCOME TAXES (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| INCOME TAXES |
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| Summary of income taxes recognized in the Combined Statement of Profit or Loss and Other Comprehensive Income |
| | | | | | | | | | | | | | in € thousand | | 2025 | | 2024 | | 2023 | Current income tax (expense) / income | | 416 | | (372) | | (1,044) | thereof prior years | | (51) | | (356) | | 168 | Deferred income tax (expense) / income | | (375) | | 1,864 | | (1,735) | thereof from temporary differences | | (1,035) | | 5,008 | | (1,853) | thereof from tax loss carryforwards | | 660 | | 3,144 | | 118 | Total income tax (expense) / income | | 41 | | 1,492 | | (2,778) |
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| Summary of reconciliation of expected tax expense and reported tax expense |
| | | | | | | | | | | | | | | | in € thousand | | 2025 | | 2024 | | 2023 | | Income (loss) before income taxes | | (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 | % |
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| Summary of deferred tax assets ("DTA") and deferred tax liabilities ("DTL") recognition on the financial statement line items and deferred tax assets not recognized |
| | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | in € thousand | | DTA | | DTL | | DTA | | DTL | Intangible assets | | 1,538 | | (4,711) | | 1,775 | | (4,181) | Property, plant and equipment including right-of-use assets | | 20 | | (1,728) | | 55 | | (2,279) | Financial assets | | — | | (188) | | — | | (17) | Others | | — | | (419) | | 64 | | — | Non-current assets | | 1,558 | | (7,045) | | 1,893 | | (6,477) | Inventories | | 1,853 | | (145) | | 2,492 | | — | Trade receivables and other receivables | | 249 | | (464) | | 165 | | (327) | Other current assets | | 27 | | — | | 4 | | — | Cash and cash equivalents | | — | | — | | — | | (276) | Other current financial assets | | — | | (103) | | — | | (66) | Current assets | | 2,129 | | (712) | | 2,660 | | (669) | Non-current financial liabilities | | — | | — | | — | | (5) | Provisions for pensions | | 55 | | — | | 84 | | — | Non-current provisions | | — | | (184) | | — | | (158) | Non-current lease liabilities | | 1,892 | | — | | 2,326 | | — | Others | | — | | (49) | | 1 | | (129) | Non-current liabilities | | 1,947 | | (233) | | 2,411 | | (292) | Current financial liabilities | | 1 | | — | | 983 | | — | Current contract liabilities | | 53 | | (2,586) | | 105 | | (2,293) | Trade payables and other liabilities | | 1,136 | | (489) | | 278 | | (22) | Other current liabilities | | 1,551 | | (6) | | 1,244 | | — | Current lease liabilities | | 230 | | — | | 226 | | — | Current provisions | | 5 | | (839) | | — | | (1,909) | Current liabilities | | 2,977 | | (3,919) | | 2,836 | | (4,224) | Tax loss carryforwards (CIT) | | 2,139 | | — | | 1,857 | | — | Tax loss carryforwards (Trade tax) | | 1,511 | | — | | 1,168 | | — | Tax loss carryforwards (Other income tax) | | 1 | | — | | 2 | | — | Deferred taxes (before offsetting) | | 12,262 | | (11,910) | | 12,828 | | (11,662) | Offsetting | | (9,945) | | 9,945 | | (10,144) | | 10,144 | Deferred taxes (after offsetting) | | 2,317 | | (1,965) | | 2,684 | | (1,518) |
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| Summary of Reconciliation of deferred taxes |
| | | | | | In € thousand | | net | December 31, 2023 | | (1,846) | Recognized in P/L | | 1,864 | Recognized in OCI | | 13 | Recognized in Equity | | 1,031 | Recognized in currency translation adjustments | | 104 | December 31, 2024 | | 1,166 | Recognized in P/L | | (375) | Recognized in OCI | | (12) | Recognized in Equity | | (219) | Recognized in currency translation adjustments | | (207) | December 31, 2025 | | 352 |
| | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | in € thousand | | Tax Base | | Tax Base | | Tax Base | Deductible temporary differences | | 52,560 | | 22,730 | | 41,498 | Tax loss carryforwards (CIT) | | 125,687 | | 124,018 | | 91,405 | Tax loss carryforwards (Trade tax) | | 89,051 | | 88,897 | | 49,147 |
| | | | | | | Interest carryforwards | | 38,814 | | 36,927 | | 35,229 |
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| Summary of maturities of the tax loss carryforwards for which no deferred tax assets were recognized |
| | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | in € thousand | | Tax Base | | Tax Base | | Tax Base | Up to 5 years | | 2,426 | | 3,646 | | 2,685 | Up to 10 years | | 2,122 | | 4,688 | | 1,772 | Up to 15 years | | 823 | | 2,348 | | 4,508 | Unlimited | | 248,181 | | 239,160 | | 131,586 |
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