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Trade receivables and contract assets (Tables)

12 Months Ended

Dec. 31, 2023

Trade receivables and contract assets

Summary of Financial Assets

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​	​	​	​	​
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

Summary of expected credit losses for Trade receivables and contract assets

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​	​	​	​	​
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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