v3.26.3
Payables, other current liabilities and provisions
 6 Months Ended
Jun. 30, 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
JUNE 30, 2026
Trade payables
23,388
 
18,263
Accrued invoices
14,159
 
20,747
Other
4
 
—
Trade payables and other current liabilities
37,552
—
39,010
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
JUNE 30, 2026
Employee-related payables
4,816
2,838
Social security and other
2,304
4,674
Other tax and related payments
17
177
TAX AND EMPLOYEE-RELATED PAYABLES
7,137
7,689
The decrease in employee-related payables as of June 30, 2026 compared to December 31, 2025 is mainly related to year-end bonus
accruals.
The increase in Social security and other payables as of June 30, 2026 compared to December 31, 2025 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)
PROVISIONS
AGA EMPLOYER
CONTRIBUTIONS
AND TAXES
OTHER
PROVISIONS
TOTAL
AS OF
DECEMBER 31, 2025
45,185
694
45,879
Increases
14,202
36
14,237
Provisions used
(10,431)
(563)
(10,994)
Unused reversals
(1,736)
(51)
(1,787)
AS OF
JUNE 30, 2026
47,220
115
47,336
Non-current
23,402
20
23,422
Current
23,819
96
23,914
The Group's provisions as of June 30, 2026 primarily consist of AGA employer contributions and taxes. Movements during the period
were as follows:
•The increase in provisions mainly results from the accrual of obligations arising from share-based compensation
arrangements;
•The provisions used correspond to social contributions on vested AGAs that have become due; and
•The unused reversals are related to 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.
The change in the current and non-current portions of the provisions for AGA employer contributions and taxes is explained by the
timing of the AGA grants and vesting dates, on which the taxes become due. The increase in the current portion of these provisions as
of June 30, 2026 compared to December 31, 2025 is primarily explained by the vesting of the first tranche of the AGA plan 2025-1
(for which 4,319,500 shares were granted in the aggregate) in the first quarter of 2027.