v3.26.1
Cash, cash equivalents and financial assets
 12 Months Ended
Dec. 31, 2025
Cash And Cash Equivalents And Financial Assets [Abstract]  
Cash, cash equivalents and financial assets Cash, cash equivalents and financial assets
December 31
(in thousands of euro)202320242025
Cash and cash equivalents 70,605 66,396 28,092 
Short-term investments21,851 14,374 6,218 
Cash and cash equivalents and short-term investments92,456 80,770 34,310 
Non-current financial assets9,796 10,281 10,455 
Total cash, cash equivalents and financial assets102,252 91,051 44,765 
Cash and cash equivalents are mainly composed of current bank accounts, interest-bearing accounts, fixed-term accounts and mutual funds units (with short-term maturities) held with various banking institutions.
Other non-current financial assets generally include a guarantee of capital at the maturity date (which is always longer than one year). These instruments are defined by the Company as financial assets at fair value through profit or loss and classified as non-current due to their maturity.
As of December 31, 2023, 2024 and 2025 the amount of cash, cash equivalents and financials assets denominated in U.S. dollars amounted respectively to €20,798 thousand , €16,529 thousand and €7,078 thousand
The variation of short-term investments and non-current financial assets for the periods presented, are the following:

(in thousands of euro)December 31, 2022Additions(1)Deductions (2)Variance of fair value through the consolidated statement of income (loss)Variance of accrued interestsForeign currency effectDecember 31, 2023
Short-term investments 17,260 3,950 — 1,010 174 (544)21,851 
Non-current financial assets 35,119 — (26,718)582 817 — 9,796 
Total  52,379 3,950 (26,718)1,592 991 (544)31,647 
(in thousands of euro)December 31, 2023Additions(1)Deductions (2)Variance of fair value through the consolidated statement of income (loss)Variance of accrued interests Foreign currency effectDecember 31, 2024
Short-term investments21,851 — (9,329)850 119 884 14,375 
Non-current financial assets9,796 — (261)485 261 — 10,281 
Total 31,647 — (9,590)1,335 380 884 24,656 
(in thousands of euro)December 31, 2024Additions(1)Deductions (2)Variance of fair value through the consolidated statement of income (loss)Variance of accrued interests Foreign currency effectDecember 31, 2025
Short-term investments 14,375 — (7,035)276 (36)(1,362)6,218 
Non-current financial assets 10,281 — (388)175 388 — 10,455 
Total  24,656 — (7,423)451 352 (1,362)16,673 
(1) The additions correspond to both acquisitions and reclassifications of financial assets according to their maturity at the closing date.
(2) The deductions correspond to both disposals and reclassifications of financial assets according to their maturity at the closing date.