v3.25.1

Trade and other receivables and other current assets | 12 Months Ended
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Dec. 31, 2024
Trade and other receivables and other current assets |
Trade and other receivables and other current assets | 20. Trade and other receivables and other current assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 31,
​ |  | 2024 |  | 2023
​ | ​ | (Euro, in thousands)
Trade receivables | ​ | € | 32,471 | ​ | € | 17,494
Current contingent consideration receivable | ​ | ​ | 4,742 | ​ | ​ | —
Prepayments | ​ | ​ | 103 | ​ | ​ | 738
Other receivables | ​ | ​ | 10,160 | ​ | ​ | 10,217
Trade and other receivables | ​ | ​ | 47,476 | ​ | ​ | 28,449
Accrued income | ​ | ​ | 835 | ​ | ​ | 508
Deferred charges | ​ | ​ | 30,214 | ​ | ​ | 14,632
Other current assets | ​ | ​ | 31,049 | ​ | ​ | 15,140
Total trade and other receivables & other current assets | ​ | € | 78,525 | ​ | € | 43,589
​ The carrying value of trade and other receivables & other current assets approximate their fair value. ​ The increase in deferred charges mainly related to $15.0 million in R&D funding paid to Adaptimmune which will gradually be released in R&D expenses over the R&D period. ​ We refer to note 5 for more information on the current contingent consideration receivable. ​ On December 31, 2024, we had a provision for expected credit losses of €9.6 million, for two disputed invoices. We did not account for a provision for expected credit losses relating to all our other trade and other receivables since we don’t have a history of credit losses and we are not aware of any forward-looking information that could materially influence the credit risk.

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