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Earnings per share

12 Months Ended

Dec. 31, 2025

23Earnings per share

Basic earnings per share amounts are calculated by dividing the net profit (loss) for the year attributable to ordinary equity holders of the parent company by the weighted average number of ordinary shares outstanding during the year.

Diluted earnings per share amounts are calculated by dividing the net profit (loss) attributable to ordinary equity holder of the parent company by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all warrants and the weighted average number of ordinary shares that would be issued on conversion of the convertible debt. If there is a net loss after taxes, the number of diluted shares is equal to the basic shares.

The net profit (loss) for the year used for the basic and diluted earnings per share are reconciled as follows:


		For the year ended December 31
in 000€		2025		2024		2023
Net profit (loss) attributable to ordinary equity holders of the parent for basic earnings		7,718		13,436		6,722
Net profit (loss) attributable to ordinary equity holders of the parent adjusted for the effect of dilution		7,718		13,436		6,722

The warrants were dilutive at December 31, 2025, December 31, 2024, and December 31, 2023.

The following reflects the share data used in the basic and diluted earnings per share computations:


		For the year ended December 31
in 000		2025		2024		2023
Weighted average number of ordinary shares for basic earnings per share		59,067		59,067		59,067
Effect of dilution:
Warrants		5		37		18
Weighted average number of ordinary shares adjusted for effect of dilution		59,072		59,105		59,085

The earnings per share are as follows:


		For the year ended December 31
		2025		2024		2023
Earnings per share attributable to the owners of the parent
Basic		0.13		0.23		0.11
Diluted		0.13		0.23		0.11