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Employee benefits (Tables)
12 Months Ended
Dec. 31, 2023
Employee benefits  
Summary of defined benefit pension plans

As of December 31,

in €‘000

    

2023

    

2022

Defined benefit obligation

 

14,129

 

10,412

Fair value of plan assets

 

(13,086)

 

(10,215)

Net defined benefit liability

 

1,043

 

197

Years Ended December 31,

in €‘000

    

2023

    

2022

Defined benefit obligation as of January 1,

 

10,412

 

11,456

Interest expense on defined benefit obligation

 

280

 

44

Current service cost

 

558

 

726

Contributions by plan participants

 

490

 

369

Benefits (paid) / deposited

 

904

 

56

Past service cost

 

 

Administration cost (excl. cost for managing plan assets)

 

6

 

6

Actuarial loss (gain) on defined benefit obligation

 

967

 

(2,855)

Exchange rate loss

 

512

 

610

Defined benefit obligation as of December 31,

 

14,129

 

10,412

Summary of defined benefit obligation and movements in the plan assets

Years Ended December 31,

in €‘000

    

2023

    

2022

Fair value of plan assets as of January 1,

 

10,215

 

9,365

Interest income on plan assets

 

275

 

31

Contributions by the employer

 

628

 

452

Contributions by plan participants

 

490

 

369

Benefits deposited (paid)

 

909

 

(53)

Others

 

 

204

Return on plan assets excl. interest income

 

(182)

 

(596)

Exchange rate gain

 

509

 

522

Adjustment to asset ceiling

 

242

 

(79)

Fair value of plan assets as of December 31,

 

13,086

 

10,215