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Cash and cash equivalents
 12 Months Ended
Dec. 31, 2024
Cash and cash equivalents [abstract]  
Cash and cash equivalents Cash and cash equivalents
Cash and cash equivalents break down as follows:
(amounts in thousands of euros)
AS OF
DECEMBER 31,
2022
AS OF
DECEMBER 31,
2023
AS OF
DECEMBER 31,
2024
CASH AND CASH EQUIVALENTS
Cash equivalents
6
18,105
87,265
Cash
26,944
233,837
56,956
Cash and cash equivalents
26,950
251,942
144,221
Cash equivalents mainly include term deposits with short-term maturities.
As of December 31, 2023 and 2024, in addition to the Group’s bank accounts, cash includes notice accounts amounting to €231,562
thousand and €44,239 thousand respectively. These funds are available on demand within 24 hours and without penalty.
The increase in cash and cash equivalents over the year ended December 31, 2023 is mainly explained by the proceeds from (i) the
Kreos / Claret and Heights Financings from August 2023 and (ii) the Group’s Global Offering conducted in October 2023 (see Note
3.3).
As of December 31, 2023 and 2024, the impact of the revaluation of cash and cash equivalents held in U.S. dollars into the Group's
presentation currency is a net financial expense of €3,196 thousand and a net financial income of €2,035 thousand respectively.