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Trade receivables and contract assets | 12 Months Ended
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Dec. 31, 2023
Trade receivables and contract assets |
Trade receivables and contract assets | Note 18. Trade receivables and contract assets The following table represents the composition of trade receivables: ​
​ | ​ | ​ | ​ | ​
Trade receivables |  | As of December 31,
in €‘000 | ​ | 2023 |  | 2022
Trade receivables |  | 80,861 |  | 68,931
Trade receivable from associates |  | — |  | —
Allowance for expected credit losses |  | (9,615) |  | (5,519)
Total |  | 71,246 |  | 63,412
​ ​ The following table represents the composition of contract assets:
​ | ​ | ​ | ​ | ​
Contract assets | ​ | As of December 31,
in €‘000 |  | 2023 |  | 2022
Contract assets |  | 61,220 |  | 50,583
Allowance for expected credit losses |  | (351) |  | (101)
Total |  | 60,869 |  | 50,482
​ The increase in the contract assets is related to the larger amount of services rendered to customers. The movement in the allowance for expected credit loss (“ECL”) in respect of trade receivables and contract assets during the year are as follows: ​
​ | ​ | ​ | ​ | ​
in €‘000 |  | 2023 |  | 2022
Balance as of January 1, |  | (5,620) |  | (4,373)
Provision for expected credit losses |  | (7,160) |  | (1,456)
Net amounts recovered |  | 183 |  | 209
Write-offs | ​ | 2,559 | ​ | —
Other | ​ | 72 | ​ | —
Balance as of December 31, |  | (9,966) |  | (5,620)
​

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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