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Financial income and expenses
12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Financial income and expenses
16.
Financial income and expenses
Financial income and financial expenses consist of the following:
 
   
Year ended December 31,
 
   
2020
   
2019
   
2018
 
   
(Euros in thousands)
 
Interest income from short-term deposits
   850    790    507 
Foreign currency gains
   —      —      1,708 
Gain on other financial instruments
   2,099    —      —   
  
 
 
   
 
 
   
 
 
 
Financial income
  
 
2,949
 
  
 
790
 
  
 
2,215
 
Interest expenses form leases
   (289   (170   (16
Foreign currency losses
   (9,774   (94   (145
  
 
 
   
 
 
   
 
 
 
Financial expenses
  
 
(10,063
  
 
(264
  
 
(161
Foreign currency losses mainly consist of unrealized losses in connection with our USD holdings.
Gain on other financial instruments includes an unrealized gain of 0.9 million and a realized gain of 1.2 million from foreign currency forward contracts for the year ended December 31, 2020.