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Consolidated Statements of Cash Flows - EUR (€)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Loss for the Period € (42,667,529) € (29,484,611) € (45,630,059)
Adjustments for:      
Depreciation & amortization of property and equipment, right-of-use assets and intangible assets 567,780 596,597 669,434
Net finance income (2,240,566) (2,753,255) (2,004,757)
Share-based payment expense 3,414,489 6,044,356 4,332,205
Net foreign exchange differences 413,017 385,359 111,606
Changes in:      
Financial assets from government grants 732,971 (732,971)
Other assets 7,825,182 (3,308,485) (7,094,467)
Employee benefits 297,518 (64,024) (3,290)
Other liabilities 2,738,164 9,403 19,863
Liabilities from government grants received (6,209,266) (2,090,734) 8,300,000
Trade and other payables 6,986,824 (3,586,706) 316,112
Inventories (11,367,807)
Interest received 1,732,284 1,287,200 1,070,235
Interest paid (36,025) (44,946) (23,633)
Net cash used in operating activities (37,812,966) (33,742,817) (39,936,751)
Investing activities      
Purchase of intangible assets and property and equipment (81,100) (162,391) (37,778)
Purchase of current and non-current financial assets (104,051,972) (64,474,543) (97,516,417)
Proceeds from the maturity of current financial assets 86,436,456 83,995,029 71,603,310
Net cash from/ (used in) investing activities (17,696,616) 19,358,095 (25,950,885)
Financing activities      
Proceeds from issuance of ordinary shares 56,483,929 2,349,624 65,142,549
Transaction costs from issuance of ordinary shares (3,360,626) (47,735) (4,219,222)
Proceeds from exercise of share options 236,943 1,014,583
Repayment of lease liabilities (373,977) (364,430) (360,644)
Net cash from financing activities 52,986,269 1,937,459 61,577,266
Net decrease in cash and cash equivalents (2,523,313) (12,447,262) (4,310,369)
Effect of exchange rate changes on cash and cash equivalents (974,099) 2,462,622 4,591,683
Cash and cash equivalents at beginning of period 16,265,355 26,249,995 25,968,681
Cash and cash equivalents at end of period € 12,767,943 € 16,265,355 € 26,249,995