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Unaudited Condensed Consolidated Statement of Cash Flows - EUR (€)
€ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities        
Net result € (11,006) € (8,108) € (33,264) € (18,458)
Adjustments for:        
Other income (33)   (413)  
Depreciation 671 688 2,024 2,090
Share-based compensation 1,117 612 2,784 1,976
Financial income and expenses (280) (469) (927) (1,470)
Results related to financial liabilities measured at fair value through profit or loss 2 (139) (176) (266)
Income tax expenses     18 (197)
Changes in working capital (3,074) 1,117 (10,974) (12,721)
Cash used in operations (12,603) (6,299) (40,928) (29,046)
Corporate income tax received / (paid)   1 (18) 197
Interest received 519 860 1,924 2,402
Interest paid (151) (219) (412) (598)
Net cash used in operating activities (12,235) (5,657) (39,434) (27,045)
Cash flow from investing activities        
Increase in financial asset - current       (17,000)
Decrease in financial asset - current   17,000   17,000
Purchases of property, plant and equipment (169) (286) (494) (1,285)
Net cash (used in) / generated by investing activities (169) 16,714 (494) (1,285)
Cash flow from financing activities        
Proceeds from exercise of share options   1 67 175
Repayment of lease liability (444) (454) (1,304) (1,329)
Net cash used in financing activities (444) (453) (1,237) (1,154)
Net (decrease) / increase in cash and cash equivalents (12,848) 10,604 (41,165) (29,484)
Currency effect cash and cash equivalents (34) (173) (1,360) (40)
Cash and cash equivalents, at beginning of the period 119,765 78,970 149,408 118,925
Cash and cash equivalents at the end of the period € 106,883 € 89,401 € 106,883 € 89,401