Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about property, plant and equipment [abstract]

8. PROPERTY, PLANT AND EQUIPMENT


(In thousand Euros)	Buildings and Leasehold improvements			Fixtures and fittings			Plant and equipment			Assets under construction			Total
Balance at January 1, 2022		12,623			2,646			9,167			838			25,274
Additions		7,105			1,542			27,443			172			36,262
Disposals		—			—			—			—			—
Business Combination		—			126			1,441			—			1,567
Transfers		640			18			180			(838	)		—
Depreciation for the year		(1,693	)		(525	)		(2,781	)		—			(4,999	)
Translation differences		—			2			(228	)		—			(226	)
Balance at December 31, 2022		18,675			3,809			35,222			172			57,878
Additions		807			220			6,887			1,192			9,106
Disposals		—			—			—			—			—
Business Combination		1,234			—			17,088			—			18,322
Transfers		363			(26	)		929			(1,266	)		—
Depreciation for the year		(1,984	)		(705	)		(5,765	)					(8,454	)
Translation differences		(31	)		(24	)		(614	)		—			(669	)
Balance at December 31, 2023		19,064			3,274			53,747			98			76,183
Cost
At December 31, 2021		13,084			3,061			9,871			838			26,854
At December 31, 2022		20,829			4,749			38,707			172			64,457
At December 31, 2023		23,202			4,919			62,997			98			91,216
Accumulated depreciation
At December 31, 2021		(460	)		(416	)		(704	)		—			(1,580	)
At December 31, 2022		(2,153	)		(941	)		(3,485	)		—			(6,579	)
At December 31, 2023		(4,137	)		(1,646	)		(9,250	)		—			(15,033	)

Additions to property, plant and equipment for 2023 totaling Euros 9,106 thousand mainly due to the acquisition of machinery and tools for manufacturing plants. Additions of property, plant and equipment for 2022 totaling Euros 36,262 thousand mainly due to leasehold improvements at the headquarters located in Barcelona and the investment in the new factory in Arlington, Texas, USA.

At December 31, 2023, additions to property, plant and equipment for which payment was still pending totaled Euros 5,849 thousand (Euros 8,979 thousand at December 31, 2022).

The Group has items in use that were fully depreciated as of December 31, 2023 for an amount of Euros 85 thousand (Euros 0 thousand as of December 31, 2022).

Other information

The Group has obtained insurance policies that cover the carrying amount of its property, plant and equipment.

The commitments amount to Euros 775 thousand (Euros 3,318 thousand at December 31, 2022). These commitments mainly correspond to the acquisition of tools and machinery.

There are no other significant contractual obligations to purchase, construct or develop property, plant and equipment assets.

The Group had no restrictions on the sale of its property, plant and equipment and no pledge exists on these assets at December 31, 2023 and 2022, except for the leasehold improvement which cannot be realized and which totals Euros 23,202 thousand at December 31, 2023 (Euros 20,829 thousand at December 31, 2022).