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STATEMENTS OF CONSOLIDATED CASH FLOWS - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from (used in) operating activities      
Net loss for the period € (68,132) € (39,700) € (57,041)
Elimination of other non-cash, non-operating income and expenses      
Depreciation and amortization 1,621 1,513 1,500
Provisions (263) 506 305
Expenses related to share-based payments 4,298 3,222 3,174
Cost of net debt 1,942 2,714 2,042
Loss on disposals (3) (24) 3
Impact of discounting financial liabilities and amortized cost 3,312 4,982 10,649
Tax charges 101 120 0
Other charges with no impact on cash 0 4,277 (36)
Refund liabilities 23,352 0 0
Cash flows from (used in) operations, before tax and changes in working capital (33,773) (22,390) (39,403)
Tax paid (62) (7) 0
Cash flow from (used in) operating activities after tax and before change in working capital requirement (33,834) (22,397) (39,403)
(Increase) / Decrease in trade receivables (2,070) (806) (101)
Receipt of research tax credit receivable 3,884 4,091 2,490
Increase in other receivables (1,459) (4,375) (4,215)
Increase / (Decrease) in trade and other payables 1,959 8,675 2,905
Increase / (Decrease) in other current liabilities (224) 723 1,220
Increase in deferred income and contract liabilities 12,193 1,612 0
Changes in operating working capital 14,283 9,920 2,300
Net cash flows from (used in) operating activities (19,551) (12,476) (37,103)
Cash flows from (used in) investing activities      
Acquisitions of intangible assets (2) (9) (1)
Acquisitions of property, plant and equipment (846) (328) (92)
(Increase) / Decrease in non-current financial assets     230
(Increase) / Decrease in non-current financial assets (107) (12)  
Net cash flows from (used in) investing activities (955) (349) 138
Cash flows from (used in) financing activities      
Capital increases 0 60,154 0
Transaction costs 0 (2,790) 0
Increase in loans and conditional advances 0 150 0
Loan repayments (3,075) (2,971) (3,642)
Payment of lease liabilities (1,080) (794) (1,093)
Interest paid (980) (6,978) (915)
Net cash flows from (used in) financing activities (5,135) 46,771 (5,651)
Effect of exchange rates changes on cash 94 (51) 83
Net increase (decrease) in cash and cash equivalents (25,547) 33,895 (42,533)
Net cash and cash equivalents at beginning of period 75,283 41,388 83,921
Net cash and cash equivalents at end of period € 49,737 € 75,283 € 41,388