v3.26.1
Net financial income (loss)
 12 Months Ended
Dec. 31, 2025
Analysis of income and expense [abstract]  
Net financial income (loss) Net financial income (loss)
Net financial income (loss) can be analyzed as follows:
Year ended December 31,
(in thousands of euro)202320242025
Interests and gains on financial assets3,177 2,437 1,318 
Unrealized gains on financials assets1,648 1,983 749 
Foreign exchange gains2,109 1,658 5,883 
Other financial income— — 
Financial income6,934 6,079 7,951 
Foreign exchange losses(1,195)(3,409)(2,680)
Unrealized losses on financial assets— 
Interest on financial liabilities(640)(566)(440)
Other financial expenses— — 
Financial expenses(1,835)(3,975)(3,120)
Net financial income (loss)5,099 2,104 4,831 
For the financial years ended December 31, 2023, December 31, 2024 and 2025, the foreign exchange gains and losses mainly result from the variance of the exchange rate between the Euro and the U.S. dollar on U.S. dollars denominated collaboration liabilities, and cash and cash equivalent and financial assets accounts.
Unrealized losses on financial assets relate to unquoted instruments, the fair value of which is determined using level 2 measurements.