XML 29 R5.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows - EUR (€)
€ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of cash flows [abstract]      
Result for the period € (55,190) € (97,958) € (55,081)
Depreciation and amortization 10,588 6,699 4,850
Finance income excluding foreign currency gains (60,788) (24) (187)
Finance expense excluding foreign currency losses 59,542 82,222 13,886
Non-cash effective foreign currency (gains) losses 22 6,352 (35)
Non-cash effect of share-based payments 2,655 3,866 1,451
Loss on disposal of property, plant and equipment 63 2 5
Change in trade receivables not attributable to investing or financing activities 7,544 7,052 (1,616)
Change in inventories (1,379) (25,048) 5,382
Change in write-downs on inventories 13,198 689 8,093
Change in trade payables (14,367) 12,929 6,117
Change in contract assets 40 (40) 6
Change in contract liabilities 4,906 (462) (16,185)
Change in other investments and other assets (341) 101 3,190
Change in other provisions (3,996) (13,063) 11,928
Change in other liabilities 394 (116) 692
Income tax expenses (benefits) (257) 491 (3,141)
Interest received 395 24 187
Income taxes paid (15) (3) (203)
Cash flow from operating activities (36,985) (16,285) (20,659)
Purchase of property, plant and equipment (2,883) (958) (2,297)
Investments in intangible assets, including internally generated intangible asset (399) (445) (7,623)
Proceeds from sale of property, plant and equipment 20 107
Cash flow from investing activities (3,262) (1,296) (9,920)
Proceeds from shareholder loans 6,275 13,966 12,033
Proceeds from convertible notes 38,156
Proceeds from issuance of shares and other equity securities 661 776 6,741
Proceeds from the issuance of warrants presented as financial liabilities 9,000 8,592
Proceeds from the exercise of warrants 26,950 9,260
Repayment of shareholder loans (22,026) (11,225) (703)
Repayment of convertible notes (21,231)
Repayment of lease liabilities (1,222) (996) (912)
Interest paid (12,517) (1,183) (259)
Cash flow from financing activities 24,046 10,598 25,492
Change in cash and cash equivalents (16,201) (6,984) (5,087)
Cash and cash equivalents at the beginning of the period 22,858 29,162 34,441
FX effects 331 680 (192)
Cash and cash equivalents at the end of the period € 6,987 € 22,858 € 29,162