XML 43 R27.htm IDEA: XBRL DOCUMENT
v3.26.1

Fair value | 12 Months Ended
--- | ---
Dec. 31, 2025
Fair value |
Fair value | 20 Fair value Financial assets The carrying value and fair value of the financial assets as of December 31, 2025, 2024 and 2023 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying value | ​ | Fair value
in 000€ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023 | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
Financial assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial assets measured at amortized cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade receivables (current) |  | 54,938 |  | 53,052 |  | 52,698 |  | 54,938 |  | 53,052 |  | 52,698
Other financial assets (non-current) |  | 408 |  | 423 |  | 493 |  | 408 |  | 423 |  | 493
Other current non-trade receivables |  | 5,883 |  | 7,055 |  | 643 |  | 5,883 |  | 7,055 |  | 643
Cash & cash equivalents |  | 133,918 |  | 102,304 |  | 127,573 |  | 133,918 |  | 102,304 |  | 127,573
Total financial assets measured at amortized cost |  | 195,147 |  | 162,834 |  | 181,407 |  | 195,147 |  | 162,834 |  | 181,407
Financial assets at fair value through profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives |  | 43 |  | — |  | 139 | ​ | ​ | ​ | ​ | ​ | ​
Convertible loan |  | — |  | 3,994 |  | 3,744 | ​ | ​ | ​ | ​ | ​ | ​
Total financial assets measured at fair value through profit and loss |  | 43 |  | 3,994 |  | 3,883 | ​ | ​ | ​ | ​ | ​ | ​
​ The fair value of the financial assets has been determined on the basis of the following methods and assumptions:
| ● | the carrying value of the cash and cash equivalents and the current receivables approximate their fair value due to their short term character;
| ● | the fair value of the derivatives has been determined based on a mark-to-market analysis prepared by the bank based on observable market inputs (level 2 inputs);
| ● | other current non-trade receivables are being evaluated on the basis of their credit risk and interest rate. Their fair value is not different from their carrying value on December 31, 2025, 2024 and 2023
| ● | other non-current financial assets are being evaluated on the basis of their credit risk and interest rate which are considered as level 2 inputs. Their fair value is not considered different from their carrying value given the related interest rate is revised on a regular basis.
| ● | The convertible loan granted to Fluidda used to be measured at fair value. As of December 31, 2025 the convertible loan granted to Fluidda is no longer outstanding following a full repayment, including capitalized interests of K€1,705, in November 2025. As a result, the carrying amount and fair value of the loan as of year-end are both nil (2024: K€3,994; 2023: K€3,744). The loan had a duration of seven years and carried a 10% annual interest rate (capitalized). The interest income was recognized in profit or loss over the duration of the loan. Because the convertible loan was repaid in full, no Level 3 fair value measurement was performed at December 31, 2025.
Financial liabilities: The carrying value and fair value of the financial liabilities as of December 31, 2025, 2024 and 2023 can be presented as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying value | ​ | Fair value
in 000€ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023 | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
Financial liabilities measured at amortized cost | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loans & Borrowings including lease liabilities | ​ | 63,113 | ​ | 41,284 | ​ | 64,398 | ​ | 62,965 | ​ | 39,518 | ​ | 63,062
Trade payables | ​ | 20,125 | ​ | 23,348 | ​ | 21,196 | ​ | 20,125 | ​ | 23,348 | ​ | 21,196
Other liabilities | ​ | 232 | ​ | 128 | ​ | 335 | ​ | 232 | ​ | 128 | ​ | 335
Total financial liabilities measured at amortized cost | ​ | 83,470 | ​ | 64,760 | ​ | 85,929 | ​ | 83,322 | ​ | 62,994 | ​ | 84,593
Financial liabilities measured at fair value | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash settled share based payments |  | — |  | — |  | — |  | ​ | ​ | ​ | ​ | ​
Derivatives |  | — |  | 374 |  | — |  | ​ | ​ | ​ | ​ | ​
Total financial liabilities measured at fair value | ​ | — | ​ | 374 | ​ | — | ​ | ​ | ​ | ​ | ​ | ​
Total non-current |  | 52,789 |  | 28,286 |  | 38,915 |  | ​ | ​ | ​ | ​ | ​
Total current |  | 30,681 |  | 36,474 |  | 47,014 |  | ​ | ​ | ​ | ​ | ​
​ The fair value of the financial liabilities has been determined on the basis of the following methods and assumptions:
| ● | The carrying value of current liabilities approximates their fair value due to the short term character of these instruments;
| ● | Loans and borrowings are evaluated based on their interest rates and maturity date. Most interest bearing debts have fixed interest rates and the fair value of loans and borrowings is subject to changes in interest rates and individual creditworthiness;
| ● | The fair value of the derivatives has been determined based on a mark-to-market analysis prepared by the bank based on observable market inputs (level 2 inputs);
| ● | The fair value of the written put option on non-controlling interest has been determined based on the present value of the redemption amount (level 3 inputs);
| ● | The fair value of the cash-settled share based payments has been determined based on a Black-Scholes model using inputs that are level 1 (stock-price and risk-free interest rate) as well as level 2 (e.g. volatility). We refer to Note 14.
Fair value hierarchy The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique: ​
| ● | Level 1: quoted (unadjusted) prices in active markets for identical assets and liabilities;
| ● | Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly; and
| ● | Level 3: techniques which use inputs that have a significant effect on the recorded fair value and that are not based on observable market data.
Fair value hierarchy 3 evolution ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Convertible Loan Fluidda | ​ | Fair Value Evolution
in 000€ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
As of 1 January, |  | 3,994 |  | 3,744 |  | 3,494
Remeasurement |  | — |  | — |  | —
Repayment | ​ | (4,205) | ​ | — | ​ | —
Capitalized interest |  | 211 |  | 250 |  | 250
As of 31 December, |  | — |  | 3,994 |  | 3,744
​

X
- Definition The disclosure of the fair value of financial instruments. [Refer: Classes of financial instruments [domain]; At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | mtls_DisclosureFairValueFinancialAssetsAbstract
Namespace Prefix: | mtls_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration