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Trade receivables (Tables)

12 Months Ended

Dec. 31, 2024

Trade and other receivables [abstract]

Summary of Trade Receivables

Trade receivables disaggregated by nature of the relationship with the customers are as follows:


		31/12/24				31/12/23
Third parties			31,157				29,601
Related parties			5,323				7,966
Gross trade receivables			36,480				37,567
Allowance for doubtful accounts			(3,661	)			(4,263	)
Total trade receivables			32,819				33,304

For further information about transactions with related parties see note 45.

Trade receivables by geographic region are analysed as follows:


		31/12/24				31/12/23
Italian customers			6,633				8,349
Other European customers			8,402				6,553
North American customers			9,277				9,182
Chinese customers			4,435				4,347
South American customers			4,300				5,447
Other foreign customers			3,433				3,689
Gross trade receivables			36,480				37,567
Provision for doubtful accounts			(3,661	)			(4,263	)
Total trade receivables			32,819				33,304

Summary of Provision for Doubtful Accounts

The following tables provide the movements in the provision for doubtful accounts for the years ended December 31, 2024 and 2023.


		31/12/24				31/12/23
Balance at beginning of year			4,263				5,604
Charges – bad debt expense			289				33
Reductions – write off of uncollectible amounts			(806	)			(1,409	)
Foreign exchange effect			(85	)			35
Balance at end of year			3,661				4,263

Summary of Carrying Amount of Trade Receivables that have been Transferred but have not been Derecognized and the Associated Liabilities

The following information shows the reporting-date carrying amount of trade receivables that have been transferred but have not been derecognised and the associated liabilities.


		31/12/24				31/12/23
Carrying amount of trade receivables transferred			11,588				11,412
Carrying amount of associated liabilities			(10,665	)			(10,752	)
Total, net			923				660