Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Fair Value Measurement (Tables)

v3.25.0.1
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Measurement [Abstract]  
Summary of fair value hierarchy for financial assets and liabilities that are measured at fair value on recurring basis

The following table shows the fair value hierarchy for financial assets and liabilities that are measured at fair value on a recurring basis at December 31, 2024:

 

 

 

 

 

Fair value measurement using

 

 

 

Notes

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

(EUR thousand)

 

Cash and cash equivalents

 

24

 

 

98,270

 

 

 

98,270

 

 

 

 

 

 

 

Financial assets - investments FVTPL - traded

 

 

 

 

106

 

 

 

106

 

 

 

 

 

 

 

Financial assets - investments FVTPL - not traded

 

 

 

 

95

 

 

 

 

 

 

 

 

 

95

 

Current financial assets - derivatives

 

19

 

 

711

 

 

 

 

 

 

711

 

 

 

 

Current financial assets - interests receivable

 

19

 

 

618

 

 

 

618

 

 

 

 

 

 

 

Non-current secured notes at FVTPL

 

19

 

 

3,938

 

 

 

 

 

 

 

 

 

3,938

 

Total assets

 

 

 

 

103,738

 

 

 

98,994

 

 

 

711

 

 

 

4,033

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current financial liabilities - derivatives

 

19, 27

 

 

3,420

 

 

 

 

 

 

3,420

 

 

 

 

Non-current financial liabilities - derivatives

 

19, 27

 

 

642

 

 

 

 

 

 

642

 

 

 

 

Total Liabilities

 

 

 

 

4,062

 

 

 

 

 

 

4,062

 

 

 

 

At December 31, 2023:

 

 

 

 

 

Fair value measurement using

 

 

Notes

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

 

 

(EUR thousand)

 

Cash and cash equivalents

 

24

 

 

69,602

 

 

 

69,602

 

 

 

 

 

 

 

Financial assets - investments FVTPL - traded

 

 

 

 

240

 

 

 

240

 

 

 

 

 

 

 

Financial assets - investments FVTPL - not traded

 

 

 

 

436

 

 

 

 

 

 

 

 

 

436

 

Non-current financial assets - derivatives

 

19

 

 

577

 

 

 

 

 

 

577

 

 

 

 

Current financial assets - derivatives

 

19

 

 

3,633

 

 

 

 

 

 

3,633

 

 

 

 

Other current financial assets

 

19

 

 

749

 

 

 

 

 

 

749

 

 

 

 

Non-current secured notes at FVTPL

 

19

 

 

3,182

 

 

 

 

 

 

 

 

 

3,182

 

Total assets

 

 

 

 

78,420

 

 

 

69,842

 

 

 

4,959

 

 

 

3,618

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current financial liabilities - derivatives

 

19, 27

 

 

20

 

 

 

 

 

 

20

 

 

 

 

Non-current financial liabilities - derivatives

 

19, 27

 

 

488

 

 

 

 

 

 

488

 

 

 

 

Total Liabilities

 

 

 

 

508

 

 

 

 

 

 

508

 

 

 

 

Summary of changes in level 3 instruments

The following table presents the changes in level 3 instruments for the year ended December 31, 2024:

 

 

 

Financial assets - investments FVTPL - not traded

 

 

Non-current secured notes at FVTPL

 

 

Total

 

 

 

(EUR thousand)

 

At December 31, 2023

 

 

436

 

 

 

3,182

 

 

 

3,618

 

Additions

 

 

9

 

 

 

 

 

 

9

 

Fair value adjustments

 

 

(350

)

 

 

756

 

 

 

406

 

At December 31, 2024

 

 

95

 

 

 

3,938

 

 

 

4,033

 

The changes in level 3 instruments for the year ended December 31, 2024 are mainly due to fair value adjustments. The gains and losses from fair value adjustments were recognized in finance income and finance expense, respectively.