XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.26.1

Property, plant & equipment | 12 Months Ended
--- | ---
Dec. 31, 2025
Property, plant & equipment |
Property, plant & equipment | 7 Property, plant & equipment The changes in the carrying value of the property, plant & equipment can be presented as follows for the year 2025, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Land and | ​ ​ ​ | Plant and | ​ ​ ​ | Right-of-use | ​ ​ ​ | Construction | ​ ​ ​ | ​
in 000€ | ​ | buildings | ​ | equipment | ​ | assets | ​ | in progress | ​ | Total
Acquisition value | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At January 1, 2023 |  | 47,959 |  | 105,877 |  | 21,619 |  | 15,955 |  | 191,410
Additions |  | 142 |  | 3,850 |  | 3,965 |  | 8,325 |  | 16,282
Disposals |  | — |  | (4,299) |  | (3,313) |  | — |  | (7,612)
Transfers |  | 40 |  | 15,031 |  | (4,433) |  | (11,585) |  | (947)
Currency Translation |  | 458 |  | 586 |  | (74) |  | (153) |  | 817
At December 31, 2023 |  | 48,599 | ​ | 121,045 | ​ | 17,764 | ​ | 12,543 | ​ | 199,951
Additions |  | 107 | ​ | 4,189 | ​ | 3,149 | ​ | 23,466 | ​ | 30,911
Acquired from business combinations |  | — | ​ | 38 | ​ | 36 | ​ | — | ​ | 74
Disposals |  | (166) | ​ | (4,312) | ​ | (1,777) | ​ | (133) | ​ | (6,388)
Transfers |  | (50) | ​ | 10,885 | ​ | (1,819) | ​ | (9,349) | ​ | (333)
Currency Translation |  | 175 | ​ | 561 | ​ | 71 | ​ | 1 | ​ | 808
At December 31, 2024 |  | 48,666 | ​ | 132,406 | ​ | 17,424 | ​ | 26,528 | ​ | 225,024
Additions |  | 646 | ​ | 3,852 | ​ | 1,925 | ​ | 10,895 | ​ | 17,318
Assets held for sale | ​ | — | ​ | (1,074) | ​ | (169) | ​ | — | ​ | (1,243)
Disposals |  | (2) | ​ | (5,228) | ​ | (3,282) | ​ | (123) | ​ | (8,635)
Transfers |  | 18,342 | ​ | 15,161 | ​ | (202) | ​ | (33,334) | ​ | (33)
Currency Translation |  | (37) | ​ | (2,047) | ​ | (303) | ​ | (16) | ​ | (2,403)
At December 31, 2025 |  | 67,615 | ​ | 143,070 | ​ | 15,393 | ​ | 3,950 | ​ | 230,027
Depreciation |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
At January 1, 2023 |  | (11,045) |  | (64,470) |  | (13,199) |  | — |  | (88,714)
Depreciation charge for the year |  | (1,352) |  | (10,433) |  | (3,296) |  | — |  | (15,081)
Impairment | ​ | — |  | (160) |  | — |  | — |  | (160)
Disposals |  | — | ​ | 3,996 | ​ | 3,024 | ​ | — | ​ | 7,020
Transfers | ​ | — |  | (2,935) |  | 3,802 |  | — |  | 867
Currency Translation |  | (33) |  | (356) |  | 8 |  | — |  | (381)
At December 31, 2023 |  | (12,430) | ​ | (74,358) | ​ | (9,661) | ​ | — | ​ | (96,449)
Depreciation charge for the year |  | (1,358) | ​ | (10,824) | ​ | (3,191) | ​ | — | ​ | (15,373)
Disposals | ​ | 139 | ​ | 3,976 | ​ | 1,627 | ​ | — | ​ | 5,742
Transfers |  | — | ​ | (1,232) | ​ | 1,565 | ​ | — | ​ | 333
Currency Translation |  | (32) | ​ | (150) | ​ | (45) | ​ | — | ​ | (227)
At December 31, 2024 |  | (13,681) | ​ | (82,588) | ​ | (9,705) | ​ | — | ​ | (105,974)
Depreciation charge for the year |  | (1,669) | ​ | (10,521) | ​ | (3,087) | ​ | — | ​ | (15,277)
Assets held for sale | ​ | — | ​ | 835 | ​ | 140 | ​ | — | ​ | 975
Disposals | ​ | 2 | ​ | 5,089 | ​ | 2,505 | ​ | — | ​ | 7,596
Transfers |  | — | ​ | — | ​ | — | ​ | — | ​ | —
Currency Translation |  | 6 | ​ | 746 | ​ | 184 | ​ | — | ​ | 936
At December 31, 2025 |  | (15,341) | ​ | (86,440) | ​ | (9,963) | ​ | — | ​ | (111,744)
Net book value |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
At December 31, 2025 | ​ | 52,274 | ​ | 56,630 | ​ | 5,429 | ​ | 3,950 | ​ | 118,283
At December 31, 2024 | ​ | 34,986 | ​ | 49,818 | ​ | 7,719 | ​ | 26,528 | ​ | 119,050
At December 31, 2023 | ​ | 36,169 | ​ | 46,688 | ​ | 8,102 | ​ | 12,544 | ​ | 103,503
At January 1, 2023 | ​ | 36,914 | ​ | 41,407 | ​ | 8,420 | ​ | 15,955 | ​ | 102,696
​ The investments in property, plant & equipment and right-of-use assets in 2025 amounted to K€17,318 (2024:K€30,911, 2023: K€16,282). They are related to land and buildings (K€4,834), new machines and installations (K€10,739), IT equipment (K€787), (leased) vehicles (K€614) and furniture (K€345). The additions to land and buildings, machines and installations in 2025 related mainly to the expansion of our production capacity in Germany. The investments in 2024 were related to land and buildings (K€4,519), new machines and installations (K€23,851), IT equipment (K€684), (leased) vehicles (K€1,384) and furniture (K€473). The additions to land and buildings, machines and installations in 2024 related mainly to the expansion of our production capacity in Germany. The investments in 2023 were related to land and buildings (K€4,027), new machines and installations (K€8,682), IT equipment (K€1,102), (leased) vehicles (K€2,240) and furniture (K€231). The additions to land and buildings, machines and installations in 2023 were mainly related to our new metal production facility in the USA and the extension and expansion of ourproduction capacity in Germany. The Group realized a net gain on disposal of property, plant and equipment of K€173 in 2025 (2024: K€292; 2023: K€416). Impairments of property, plant and equipment amounted to K€0 in 2025 (2024: K€0; 2023: K€(160)). Assets under construction Per December 31, 2025 the main assets under construction were related to the expansion of production capacity in Germany for K€1,420. The right of use assets can be presented as follows: The carrying value of Right-of-Use assets at December 31, 2025 was K€5,429 (2024: K€7,719; 2023: K€8,100). Right-of-Use assets are mainly related to buildings with a carrying value of K€2,691 at December 31, 2025 (2024: K€4,368; 2023: K€4,511) and for which depreciation of K€1,881 was recorded in 2025 (2024: K€1,851; 2023: K€1,735). New leases in 2025 amount to K€1,925 of which K€1,026 related to leased buildings (2024: K€1,822; 2023: K€1,739). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
in 000€ | ​ ​ ​ | Buildings | ​ ​ ​ | Vehicles | ​ ​ ​ | Equipment | ​ ​ ​ | Total
Acquisition value | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At January 1, 2023 | ​ | 9,391 | ​ | 4,680 | ​ | 6,405 | ​ | 20,476
Additions | ​ | 1,739 | ​ | 1,980 | ​ | 246 | ​ | 3,965
Disposals | ​ | (2,607) | ​ | (676) | ​ | (30) | ​ | (3,313)
Currency Translation | ​ | (112) | ​ | 2 | ​ | 36 | ​ | (74)
Transfers | ​ | (236) | ​ | (909) | ​ | (2,145) | ​ | (3,290)
At December 31, 2023 |  | 8,175 | ​ | 5,077 | ​ | 4,512 | ​ | 17,764
Additions |  | 1,822 | ​ | 739 | ​ | 589 | ​ | 3,150
Acquired from business combinations |  | 36 | ​ | — | ​ | — | ​ | 36
Disposals |  | (1,123) | ​ | (430) | ​ | (224) | ​ | (1,777)
Currency Translation |  | 48 | ​ | 7 | ​ | 16 | ​ | 71
Transfers |  | (345) | ​ | (1,384) | ​ | (89) | ​ | (1,818)
At December 31, 2024 |  | 8,613 | ​ | 4,010 | ​ | 4,803 | ​ | 17,426
Additions |  | 1,026 | ​ | 488 | ​ | 411 | ​ | 1,925
Assets held for sale | ​ | (133) | ​ | (36) | ​ | — | ​ | (169)
Disposals |  | (2,477) | ​ | (770) | ​ | (36) | ​ | (3,283)
Currency Translation |  | (282) | ​ | (11) | ​ | (11) | ​ | (304)
Transfers |  | — | ​ | — | ​ | (202) | ​ | (202)
At December 31, 2025 |  | 6,748 | ​ | 3,681 | ​ | 4,964 | ​ | 15,393
Depreciation |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
At January 1, 2023 | ​ | (4,569) | ​ | (2,909) | ​ | (4,578) | ​ | (12,055)
Depreciation charge for the year | ​ | (1,735) | ​ | (1,185) | ​ | (376) | ​ | (3,296)
Disposals | ​ | 2,360 | ​ | 627 | ​ | 36 | ​ | 3,023
Currency Translation | ​ | 45 | ​ | (3) | ​ | (34) | ​ | 8
Transfers | ​ | 235 | ​ | 909 | ​ | 1,515 | ​ | 2,659
At December 31, 2023 |  | (3,664) | ​ | (2,561) | ​ | (3,437) | ​ | (9,662)
Depreciation charge for the year |  | (1,851) | ​ | (1,073) | ​ | (266) | ​ | (3,191)
Disposals |  | 953 | ​ | 454 | ​ | 220 | ​ | 1,627
Currency Translation |  | (29) | ​ | (3) | ​ | (14) | ​ | (46)
Transfers |  | 345 | ​ | 1,334 | ​ | (114) | ​ | 1,565
At December 31, 2024 |  | (4,246) | ​ | (1,849) | ​ | (3,611) | ​ | (9,707)
Depreciation charge for the year |  | (1,881) | ​ | (902) | ​ | (304) | ​ | (3,087)
Assets held for sale | ​ | 133 | ​ | 8 | ​ | — | ​ | 141
Disposals |  | 1,752 | ​ | 717 | ​ | 36 | ​ | 2,505
Currency Translation |  | 185 | ​ | 5 | ​ | (6) | ​ | 184
Transfers |  | — | ​ | — | ​ | — | ​ | —
At December 31, 2025 |  | (4,057) | ​ | (2,021) | ​ | (3,885) | ​ | (9,963)
Net book value |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
At December 31, 2025 | ​ | 2,691 | ​ | 1,660 | ​ | 1,079 | ​ | 5,429
At January 1, 2025 | ​ | 4,368 | ​ | 2,160 | ​ | 1,191 | ​ | 7,719
​ The following amounts related to leases are recognized in profit & loss ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
(in 000€) | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
Depreciation expense |  | (3,087) | ​ | (3,191) | ​ | (3,296)
Interest expense on lease liabilities |  | (363) | ​ | (365) | ​ | (325)
Expenses related to short-term leases/ low-value assets/ variable lease payments |  | (981) | ​ | (901) | ​ | (689)
​ The Group has negotiated several contracts with extension and termination options because of common practice in the country or for the asset. Management has exercised significant judgments in determining whether these extension and termination options are reasonably certain to be exercised. The potential future cash flows beyond the period following the exercise of the extension and termination option that are not included in the lease term are presented in the following table: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
(in 000€) | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
Potential (non-discounted) cash flows for terminations options that are not reasonably certain to be exercised: |  | 612 | ​ | 817 | ​ | 1,089
Potential (non-discounted) cash flows for extensions options that are reasonably certain to be exercised |  | 1,270 | ​ | 1,259 | ​ | 1,838
​ Pledges Land and buildings (including buildings under construction) with a carrying amount of K€12,074 (2024: K€18,305; 2023: K€21,851) are subject to pledges to secure several of the Group’s bank loans. In addition, pledges have been given on machines with a total carrying amount of K€0 (2024: K€253; 2023: K€314) (Note 24).

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

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2025-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration