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Financial gain (loss) - Disclosure of net financial income (loss) (Details) - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial Income (Loss) [Abstract]      
Interest on bond loans € (7,472) € (5,800) € (760)
Interest on convertible loan notes (3,638) (5,691) (3,935)
Interest on conditional advances and PGE (95) (85) (176)
Interest on royalty certificates (17,213) (794) (8,942)
Interest on lease liabilities (64) (61) (13)
(Increase) / decrease in derivatives fair value (29,935) (1,462) (3,046)
(Increase) / decrease in other liabilities / (assets) at fair value through profit and loss (36,015) (1,367) 0
Loss on derecognition of financial liabilities (3,838) 0 (3,431)
Transaction costs 0 (1,615) (1,924)
Foreign exchange losses (13,444) (51) (5,573)
Other financial expense (29) (64) (73)
Financial expenses (111,743) (16,991) (27,875)
Interest income 5,600 8,246 2,418
(Increase) / decrease in derivatives fair value 3,620 1,413 1,006
(Increase) / decrease in other liabilities / (assets) at fair value through profit and loss 4,730 0 3,198
Effect of unwinding the discount related to advances made to CROs 153 710 355
Day-one gain on recognition of financial liabilities 1,557 590 212
Gain on derecognition of financial liabilities 0 0 192
Foreign exchange gains 11,886 2,774 0
Other financial income 0 0 130
Financial income 27,545 13,732 7,511
Financial gain (loss) € (84,198) € (3,258) € (20,364)