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v3.26.1

Consolidated statement of changes in stockholders' equity - EUR (€) € in Thousands | Share capital | Treasury Shares, at cost | Additional paid-in capital | Foreign currency translation | Revaluation reserve | Retained Earnings | Total
--- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2022 | € 176,953 |  | € 1,440,010 | € (16,289) | € (21,113) | € (392,377) | € 1,187,184
Beginning balance (Shares) at Dec. 31, 2022 | 176,952,653 |  |  |  |  |  | 176,953,000
Exercised stock options | € 233 |  |  |  |  |  | € 233
Exercised stock options (shares) | 233,083 |  |  |  |  |  |
Stock option plan |  |  | 9,630 |  |  |  | 9,630
Transaction costs |  |  | 14 |  |  |  | 14
Other comprehensive income |  |  |  | (1,760) | 8,519 |  | 6,759
Net income (loss) for the period |  |  |  |  |  | (83,913) | (83,913)
Total comprehensive income (loss) |  |  |  | (1,760) | 8,519 | (83,913) | (77,153)
Ending balance at Dec. 31, 2023 | € 177,186 |  | 1,449,654 | (18,049) | (12,594) | (476,290) | € 1,119,908
Ending balance (Shares) at Dec. 31, 2023 | 177,185,736 |  |  |  |  |  | 177,186,000
Exercised stock options | € 368 |  |  |  |  |  | € 368
Exercised stock options (shares) | 367,720 |  |  |  |  |  |
Stock option plan |  |  | 5,034 |  |  |  | 5,034
Other comprehensive income |  |  |  | 23,127 | 167 |  | 23,294
Net income (loss) for the period |  |  |  |  |  | (196,078) | (196,078)
Total comprehensive income (loss) |  |  |  | 23,127 | 167 | (196,078) | (172,785)
Ending balance at Dec. 31, 2024 | € 177,553 |  | 1,454,688 | 5,078 | (12,427) | (672,370) | € 952,525
Ending balance (Shares) at Dec. 31, 2024 | 177,553,456 |  |  |  |  |  | 177,553,000
Exercised stock options | € 225 |  |  |  |  |  | € 225
Exercised stock options (shares) | 225,451 |  |  |  |  |  | 225,451
Stock option plan |  |  | 3,778 |  |  |  | € 3,778
Purchase of treasury shares |  | € (1,548) |  |  |  |  | (1,548)
Other comprehensive income |  |  |  | (39,032) | 1,273 |  | (37,759)
Net income (loss) for the period |  |  |  |  |  | (103,517) | (103,517)
Total comprehensive income (loss) |  |  |  | (39,032) | 1,273 | (103,517) | (141,276)
Ending balance at Dec. 31, 2025 | € 177,779 | € (1,548) | € 1,458,466 | € (33,954) | € (11,154) | € (775,887) | € 813,704
Ending balance (Shares) at Dec. 31, 2025 | 177,778,907 |  |  |  |  |  | 177,778,907

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