v3.25.1

Note to the cash flow statement (Details) - EUR (€) € in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Adjustment for non-cash transactions |  |  |
Depreciation and impairment. | € 45,499 | € 43,642 | € 65,566
Share-based compensation expenses | 19,886 | 56,718 | 88,506
Increase/decrease (-) in retirement benefit obligations and provisions | (524) | 11 | 136
Unrealized exchange losses/gains (-) and non-cash other financial result | (23,858) | 19,908 | (41,970)
Discounting effect of non-current deferred income | (227) | (645) | 7,672
Discounting effect of other non-current liabilities | (395) | (318) | 2,271
Discounting effect of contingent consideration receivable | (4,002) |  |
Fair value re-measurement of warrants | (4) | (18) | (186)
Net change in fair value of current financial investments | (49,984) | (22,690) | (6,929)
Fair value adjustment financial assets held at fair value through profit or loss |  | 390 |
Fair value adjustment contingent consideration receivable | (931) |  |
Other non-cash expenses | (12) | 2,292 | 2,229
Impairment loss on trade receivables | 9,643 |  |
Total adjustment for non-cash transactions | (4,909) | 99,291 | 117,296
Interest expense | 912 | 1,867 | 6,967
Interest Income | 89,378 | 79,319 | 14,344
Tax expense | (1,705) | 11,689 | 2,844
Correction for cash used for other liabilities related to the disposal of subsidiaries. | 527 |  |
Total adjustment for items to disclose separately under operating cash flow | (89,644) | (65,763) | (4,533)
Gain on disposal of subsidiaries | (52,488) |  |
Gain (-)/loss on sale of fixed assets | 8 | (1,091) | (23)
Investment Income related to current financial investments | (23,759) | (15,597) | (3,766)
Total adjustment for items to disclose separately under investing and financing cash flow | (76,239) | (16,688) | (3,789)
Increase in inventories | 23,039 | (24,076) | (34,588)
Increase (-)/ decrease in receivables | (31,055) | (39,114) | 68,984
Increase/decrease (-) in liabilities | (53,429) | 31,817 | (2,083)
Total change in working capital other than deferred income | € (61,445) | € (31,373) | € 32,313

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