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Equity (Tables) | 12 Months Ended
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Dec. 31, 2025
Equity |
Schedule of classes of share capital | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Total | ​ ​ ​ | Total | ​ ​ ​ | ​
​ | ​ | number of | ​ | shareholders’ | ​ | Total
in 000€, except share data | ​ | ordinary shares | ​ | capital | ​ | share premium
Outstanding at January 1, 2023 |  | 59,067,186 |  | 4,487 |  | 233,895
Capital increase through exercise of warrants |  | — |  | — |  | 47
Outstanding on December 31, 2023 |  | 59,067,186 |  | 4,487 |  | 233,942
Equity settled share-based payments expense |  | — |  | — |  | (47)
Outstanding on December 31, 2024 |  | 59,067,186 |  | 4,487 |  | 233,895
Increase shareholdes’ capital(1) | ​ | — | ​ | 30,000 | ​ | (30,000)
Other movement(1) | ​ | — | ​ | (30,000) | ​ | —
Outstanding on December 31, 2025 |  | 59,067,186 |  | 4,487 |  | 203,895
(1) | Other movement relates to a capital increase of € 30 million in 2025 through the conversion of unavailable share premium into share capital, followed by a capital reduction of € 30 million with no repayment to shareholders. The reduction resulted in the creation of a distributable reserve in connection with the Group’s share buyback program (see “Other Reserves” table below)
Schedule of nature and purpose of the other reserves | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
in 000€ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2023
Legal reserve |  | 449 |  | 279 |  | 279
Other reserves(1) |  | 32,060 |  | 2,060 |  | 2,010
Equity-settled share-based payment expense |  | 598 |  | 332 |  | 47
Other Comprehensive Income (loss) |  | (12,473) |  | (11,474) |  | (9,682)
Other Reserves |  | 20,633 |  | (8,803) |  | (7,346)
(1) | Increase of other reserves of € 30 million in 2025 relates to the creation of a distributable reserve in connection with the Group’s share buyback program.
Schedule of components of other comprehensive loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Currency | ​ ​ ​ | ​ | ​ ​ ​ | ​
​ | ​ | Translation | ​ | ​ | ​ | ​
​ | ​ | Differences | ​ | Fair value | ​ | ​
in ’000€ | ​ | & Other | ​ | adjustment | ​ | Total OCI
At January 1, 2023 |  | (7,560) |  | (3,046) |  | (10,606)
Exchange differences on translation of foreign operations | ​ | 1,255 |  | — |  | 1,255
Fair value adjustment | ​ | — |  | (331) |  | (331)
At December 31, 2023 |  | (6,305) |  | (3,377) |  | (9,682)
Exchange differences on translation of foreign operations |  | (1,795) |  | — |  | (1,795)
Fair value adjustment |  | — |  | 3 |  | 3
At December 31, 2024 |  | (8,100) |  | (3,374) |  | (11,474)
Exchange differences on translation of foreign operations |  | 1,002 |  | — |  | 1,002
Exchange differences resulting from net investment in foreign operations | ​ | (2,252) | ​ | — | ​ | (2,252)
Fair value adjustment |  | — |  | 258 |  | 258
At December 31, 2025 |  | (9,350) |  | (3,116) |  | (12,466)

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