| Summary of Breakdown for Other Current Financial Assets |
The following table provides a breakdown for other current financial assets (see Note 34 — Fair value measurement for a breakdown of other current financial assets by fair value level). | | | | | | | | | | | | | At December 31, | | (€ thousands) | 2025 | | 2024 | | Securities | 75,682 | | 73,639 | | Guarantee deposits | 1,492 | | 3,360 | | Financial receivables | 258 | | 270 | | Total other current financial assets | 77,432 | | 77,269 |
The following tables provide a breakdown and the movements for securities. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (€ thousands) | At December 31, 2024 | | Investments | | Disposals | | Fair value adjustments | | Realized gains/(losses) | | Exchange rate gains/(losses) | | At December 31, 2025 | | Fair value through profit or loss (FVPL) | | | | | | | | | | | | | | | Private equity | 23,954 | | 402 | | (3,645) | | 2,529 | | 15 | | (1,690) | | 21,565 | | Private debt | 10,395 | | 2,398 | | (1,521) | | 448 | | — | | — | | 11,720 | | Hedge funds | 10,285 | | 1,002 | | (1,501) | | 1,557 | | 140 | | (113) | | 11,370 | | Real estate funds | 9,713 | | 1,444 | | (164) | | (619) | | — | | (369) | | 10,005 | | Money market funds | 3,864 | | 8,958 | | (1,749) | | 187 | | 17 | | (564) | | 10,713 | | Equity | 3,204 | | — | | (1,014) | | 896 | | 176 | | — | | 3,262 | | Total FVPL | 61,415 | | 14,204 | | (9,594) | | 4,998 | | 348 | | (2,736) | | 68,635 | | | | | | | | | | | | | | | | Fair value through other comprehensive income (FVOCI) | | | | | | | | | | | | | | | Fixed income | 6,439 | | 931 | | (3,493) | | 28 | | (9) | | — | | 3,896 | | Floating income | 5,785 | | — | | (2,555) | | (66) | | (13) | | — | | 3,151 | | Total FVOCI | 12,224 | | 931 | | (6,048) | | (38) | | (22) | | — | | 7,047 | | | | | | | | | | | | | | | | Total securities | 73,639 | | 15,135 | | (15,642) | | 4,960 | | 326 | | (2,736) | | 75,682 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (€ thousands) | At December 31, 2023 | | Investments | | Disposals | | Fair value adjustments | | Realized gains/(losses) | | Exchange rate gains/(losses) | | At December 31, 2024 | | Fair value through profit or loss (FVPL) | | | | | | | | | | | | | | | Private equity | 22,399 | | 1,799 | | (2,439) | | 1,309 | | 35 | | 851 | | 23,954 | | Private debt | 10,106 | | 801 | | (423) | | (68) | | (21) | | — | | 10,395 | | Hedge funds | 8,995 | | — | | (20) | | 1,234 | | 1 | | 75 | | 10,285 | | Real estate funds | 12,146 | | 369 | | (2,734) | | (400) | | 78 | | 254 | | 9,713 | | Money market funds | 2,093 | | 15,966 | | (14,182) | | 26 | | 119 | | (158) | | 3,864 | | Equity | 1,141 | | 1,986 | | — | | 77 | | — | | — | | 3,204 | | Total FVPL | 56,880 | | 20,921 | | (19,798) | | 2,178 | | 212 | | 1,022 | | 61,415 | | | | | | | | | | | | | | | | Fair value through other comprehensive income (FVOCI) | | | | | | | | | | | | | | | Fixed income | 11,748 | | 3,447 | | (8,875) | | 54 | | 65 | | — | | 6,439 | | Floating income | 16,692 | | 1,508 | | (12,505) | | 124 | | (34) | | — | | 5,785 | | Total FVOCI | 28,440 | | 4,955 | | (21,380) | | 178 | | 31 | | — | | 12,224 | | | | | | | | | | | | | | | | Total securities | 85,320 | | 25,876 | | (41,178) | | 2,356 | | 243 | | 1,022 | | 73,639 |
|