v3.26.1
Financial liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of financial liabilities [abstract]  
Disclosure of financial liabilities per maturity
This line item was broken down per maturity and is analyzed as follows:

In thousand euros December 31, 2022Proceeds from borrowingNon cash effects : proceeds from lease liabilities and otherRepayments of borrowings and lease liabilitiesDecember 31, 2023
State guaranteed loan Société Générale (1)
20,000 — — — 20,000 
State guaranteed loan BNP Paribas (1)
8,700 — — — 8,700 
Lease liabilities – Real estate property15 — (1)— 14 
Lease liabilities – Building "Le Virage"(3)1,353 — (685)(293)375 
Lease liabilities – Premises Innate Inc345 — — (99)246 
Lease liabilities – Laboratory equipment287 — — (178)109 
Lease liabilities – Vehicles33 — 80 (31)85 
Lease liabilities - Printers27 — — (9)18 
Loans – Equipment154 — — (55)99 
Loans – Building (2)11,338 — 17 (1,108)10,247 
Subtotal (excluding RoU)
40,207 — 16 (1,163)39,060 
Total42,251 — (589)(1,773)39,893 
In thousand euros December 31, 2023Proceeds from borrowingNon cash effects : proceeds from lease liabilities and otherRepayments of borrowings and lease liabilitiesDecember 31, 2024
State guaranteed loan Société Générale (1)20,000 — 9 (4,884)15,125 
State guaranteed loan BNP Paribas (1)8,700 — 3 (2,144)6,558 
State guaranteed loans - accrued interest14 — (14)— — 
Property transaction (down-payment)— — — — — 
Lease liabilities – Building "Le Virage"(3)375 — — (244)131 
Lease liabilities – Premises Innate Inc246 — 15 (97)164 
Lease liabilities – Laboratory equipment109 — — (109)— 
Lease liabilities – Vehicles85 — 19 (32)71 
Lease liabilities - Printers18 — — (9)9 
Loans – Equipment99 — — (56)43 
Loans – Building (2)10,247 — — (1,353)8,894 
Subtotal (excluding RoU)
39,060 — (3)(8,437)30,620 
Total39,893 — 31 (8,928)30,995 
In thousand euros December 31, 2024Proceeds from borrowing Non cash effects : proceeds from lease liabilities and otherRepayments of borrowings and lease liabilitiesDecember 31, 2025
State guaranteed loan Société Générale (1)15,125 — 6 (4,969)10,162 
State guaranteed loan BNP Paribas (1)6,558 — 2 (2,168)4,393 
State guaranteed loans - accrued interest— — — 
Lease liabilities – Building "Le Virage"(3)131 — 279 (273)137 
Lease liabilities – Premises Innate Inc164 — (5)(104)55 
Lease liabilities – Laboratory equipment— — — 
Lease liabilities – Vehicles71 — (6)(25)40 
Lease liabilities - Printers9 — (9)— 
Loans – Equipment43 — (43)— 
Loans – Building (2)8,894 — (1,260)7,634 
Subtotal (excluding RoU)
30,620 — 8 (8,436)22,189 
Total30,995 — 487 (8,911)22,571 

(1) On January 5, 2022, the Company announced that it had obtained €28.7 million in non-dilutive financing in the form of two State Guaranteed Loans from Société Générale (€20.0 million) and BNP Paribas (€8.7 million). The Company received the funds related to these two loans on December 27 and 30, 2021 respectively. Both loans have an initial maturity of one year with an option to extend to five years from August 2022. They are 90% guaranteed by the French government as part of the package of measures put in place by the French government to support companies during the COVID-19 pandemic. In August 2022, the Company has requested the extension of these two loans repayment for an additional period of five years starting in 2022 and including a one-year grace period. Consequently, the Company has obtained agreements from Société Générale and BNP Paribas. The effective interest rates applied to these contracts during the additional period are 1.56% and 0.95% for Société Générale and BNP Paribas loans, respectively, excluding insurance and guarantee fees, with an amortization exemption for the entire year 2023. During this grace period, the Company will only be liable for the payment of interest and the guarantee fees, with amortization of the two loans starting in 2024 over a period of four years. The state guarantee fees amounts to €877 thousand and €379 thousand for Société Générale and BNP Paribas loans respectively.
(2) On July 3, 2017, the Company borrowed from the Bank “Société Générale” in order to finance the construction of its future headquarters. This loan amounting to a maximum of €15,200 thousand will be raised during the period of the construction in order to pay the supplier payments as they become due. As of December 31, 2018 and 2019, the loan was raised at an amount of €14,826 thousand.
Disclosure of schedule for the contractual flows of financial liabilities
The table below shows the schedule for the contractual flows (principal only) as of December 31, 2023, 2024 and 2025 respectively :
In thousand eurosYear ended December 31,
Current financial liabilities202320242025
State guaranteed loan Société Générale 4,884 4,969 5,038 
State guaranteed loan BNP Paribas2,144 2,167 2,185 
State guaranteed loans - accrued interest14 — 8 
Lease finance obligations – Rent Le Virage244 131 138 
Lease liabilities – Premises Innate Inc92 102 55 
Lease finance obligations – Laboratory equipment109 — — 
Lease liabilities – Vehicles31 29 23 
Lease liabilities - Printers9 9 — 
Lease liabilities - IT security— — 71 
Loans - Equipment56 42 — 
Loans - Building 1,353 1,260 1,285 
Total – Current financial liabilities8,936 8,709 8,802 
In thousand eurosYear ended December 31,
Non-Current financial liabilities202320242025
State guaranteed loan Société Générale 15,116 10,156 5,117 
State guaranteed loan BNP Paribas6,556 4,391 2,206 
Lease finance obligations – Building Le Virage131 — — 
Lease liabilities – Premises Innate Inc154 62 — 
Lease finance obligations – Laboratory equipment— — — 
Lease finance obligations – Vehicles56 42 17 
Lease liabilities - Printers9 — — 
Lease liabilities - IT security— — 80 
Loans - Equipment43 — — 
Loans - Building 8,895 7,635 6,349 
Total – Non-Current financial liabilities30,957 22,286 13,771 
Disclosure of maturity analysis for non-derivative financial liabilities
The table below shows the schedule for the contractual flows (being principal and interest payments):
(in thousands of euro)20262027202820292030>2030Total
State guaranteed loan Société Générale5,1675,167————10,335
State guaranteed loan BNP Paribas2,2212,220————4,440
State guaranteed loans - accrued interest8 — — 8 
Lease finance obligations – Rent Le Virage138—————138
Lease liabilities – Premises Innate Inc.55—————55
Lease liabilities – Vehicles24164———44
Lease liabilities - Printers———————
Lease liabilities - IT security
75756———156
Loans – Equipment———————
Loan – Building1,4271,4271,3081,4271,5459518,083
Total9,1158,9041,3181,4271,54595123,260