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Financial instruments - Cash and cash equivalents and investment (Details) - EUR (€) € in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Financial instruments |  |  |  |  |  |  |
Cash at banks and on hand | € 184,461 |  | € 302,825 |  |  |  |
Short-term deposits | 75,000 |  |  |  |  |  |
Money market funds | 159,056 |  | 3,562 |  |  |  |
Total cash and cash equivalents | 418,517 | [1] | 306,387 | [1] | € 510,909 | [1] | € 415,155
Restricted cash balances | 16,731 |  | 12,931 |  | € 11,819 |  |
Short-term investments | 57,873 |  | 90,413 |  |  |  |
Restricted short-term investments | 16,861 |  | 20,483 |  |  |  |
Corporate bonds, classified as short-term investments | 41,012 |  | 69,930 |  |  |  |
Cash equivalents |  |  |  |  |  |  |
Financial instruments |  |  |  |  |  |  |
Losses previously recognized in OCI and reversed into P&L | (276) |  | 0 |  |  |  |
Gains previously recognized in OCI and reversed into P&L |  |  | 0 |  |  |  |
Gains (losses) recorded in OCI | 94 |  | (1,257) |  |  |  |
Short-term investments |  |  |  |  |  |  |
Financial instruments |  |  |  |  |  |  |
Losses previously recognized in OCI and reversed into P&L | 0 |  | (1,771) |  |  |  |
Gains previously recognized in OCI and reversed into P&L | 0 |  | 9,052 |  |  |  |
Gains (losses) recorded in OCI | € 1,813 |  | € 3,405 |  |  |  |
[1] | incl. €16,731 k (2024: €12,931 k; 2023: €11,819 k) of restricted cash

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- Definition A classification of cash equivalents representing banking arrangements that the entity does not separately disclose in the same statement or note. [Refer: Cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2025-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2025-en-r&anchor=para_45&doctype=Standard -URIDate 2025-03-27 + Details
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- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 7 -IssueDate 2025-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2025-en-r&anchor=para_45&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2025-01-01 -Paragraph B13 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2025-en-r&anchor=para_B13_a&doctype=Appendix&subtype=B -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 169 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_169&doctype=Standard -URIDate 2025-03-27 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 169 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_169&doctype=Standard -URIDate 2025-03-27 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 54 -Subparagraph i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_54_i&doctype=Standard -URIDate 2025-03-27 + Details
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