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Income Tax (Tables)

12 Months Ended

Dec. 31, 2020

Text Block [Abstract]

Summary of Reconciliation Between Taxes On Income And Expected Income Tax Benefit

A reconciliation between taxes on income reflected on the Consolidated Statement of Loss and the expected income tax benefit, based on the Group’s German statutory tax rate, for the years ended December 31, 2020, 2019 and 2018 is as follows:


		Year ended December 31,
		2020				2019				2018
		(Euros in thousands)
Loss before tax			(229,616	)			(32,487	)			(32,355	)
Expected tax benefit			66,818				9,454				9,415
Effects
Difference in tax rates			(2,582	)			(1,875	)			(1,373	)
Non-deductible tax-expenses			(599	)			(61	)			(70	)
Government grants exempted from taxes			45				8				853
Permanent Differences			(44,461	)			—				—
Non-recognition of deferred taxes on tax losses and temporary differences			(19,221	)			(7,526	)			(8,825	)

Taxes on income			—				—				—

Summary of Deferred Tax Assets

Deferred tax assets consist of the following:


		As of
		December 31, 2020								December 31, 2019
		(Euros in thousands)
		Deferred tax assets				Deferred tax liabilities				Deferred tax assets				Deferred tax liabilities

Intangible assets			1,770								2,064
Right-of-use asset							(1,713	)							(854	)
Deferred revenue			180								358
Other liabilities											607
Lease liability			1,776								886
Deferred expenses			3								14
Recognized			3,729				(1,713	)			3,929				(854	)
Netting			(1,713	)			1,713				(854	)			854
Non-recognition due to history of losses			(2,016	)							(3,075	)

Net tax		—				—				—				—