v3.26.1
Income tax benefit/(expense) (Tables)
 12 Months Ended
Dec. 31, 2025
Income taxes paid (refund) [abstract]  
Disclosure of major components of tax expense (income)
Income tax income/(expense) is comprised of current and deferred tax.
Year ended December 31,
in € thousand202520242023
CURRENT TAX
Current income tax charge(502)(2,595)(931)
Adjustments in respect of current income tax of previous year93 (119)(175)
DEFERRED TAX
Relating to origination and reversal of temporary differences(664)1,953 (1,695)
INCOME TAX BENEFIT/(EXPENSE)(1,073)(761)(2,800)
Disclosure of reconciliation of income tax expense
The tax on the Group’s loss before tax differs from the theoretical amount that would arise using the weighted average tax rate applicable to profits of the consolidated companies as follows:
Year ended December 31,
in € thousand202520242023
PROFIT/(LOSS) BEFORE TAX
(114,119)
(11,486)
(98,629)
Tax calculated at domestic tax rates applicable to profits in the respective countries26,212 2,953 23,400 
Income not subject to tax (mainly R&D tax credit)1,517 3,630 190 
Expenses not deductible for tax purposes(4,417)(3,391)(1,902)
Deferred tax asset not recognized(24,977)(3,896)(23,360)
Utilization of previously unrecognized tax losses246 172 (1,593)
Income tax credit/withholding tax/other adjustments258 168 553 
Effect of change in applicable tax rate(12)(34)(160)
Exchange differences7 (244)(25)
Income tax of prior years93 (119)98 
Minimum income tax(1)— (2)
INCOME TAX BENEFIT/(EXPENSE)(1,073)(761)(2,800)
Effective income tax rate— — — 
Disclosure of reconciliation of deferred income tax
The gross movement on the deferred income tax account was as follows:
Year ended December 31,
in € thousand202520242023
BEGINNING OF THE YEAR
5,443 
2,954 
4,943 
Exchange differences(836)536 (294)
Income statement charge / (credit)(664)1,953 (1,695)
END OF THE YEAR3,943 5,443 2,954 
Disclosure of deferred tax assets and liabilities by balance sheet items
The deferred tax assets and liabilities are allocable to the various balance sheet items as follows:
Year ended December 31,
in € thousand202520242023
DEFERRED TAX ASSET FROM
Tax losses carried forward212,876 200,153 207,858 
Fixed assets1,339 1,444 1,765 
Inventory3,567 7,325 4,388 
Borrowings and accrued interest20,824 9,909 4,722 
Provision1,793 1,564 1,501 
Other items861 318 217 
Non-recognition of deferred tax assets(227,620)(201,356)(204,529)
TOTAL DEFERRED TAX ASSETS13,639 19,357 15,921 
DEFERRED TAX LIABILITY FROM
Fixed assets(4,522)(6,963)(6,364)
Intangible assets(3,793)(5,517)(5,157)
Other items(1,382)(1,435)(1,446)
TOTAL DEFERRED TAX LIABILITY(9,697)(13,915)(12,967)
DEFERRED TAX, NET3,943 5,443 2,954