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

Trade receivables and contract assets (Tables)

v3.25.4
Trade receivables and contract assets (Tables)
12 Months Ended
Dec. 31, 2025
Trade Receivables And Contract Assets [Abstract]  
Summary of Trade Receivables and Contract Assets

Trade receivables and contract assets are analyzed as follows:

 

 

 

At December 31,

 

 

At December 31,

 

 

 

2025

 

 

2024

 

 

 

(EUR thousand)

 

Trade receivables

 

 

309,772

 

 

 

302,655

 

Allowance for expected credit losses

 

 

(7,084

)

 

 

(6,704

)

Total trade receivables

 

 

302,688

 

 

 

295,951

 

 

 

 

 

 

 

 

Summary of Trade Receivables Breakdown by Geographical Area

Trade receivables breakdown by geographical area is shown below:

 

 

 

At December 31,

 

 

At December 31,

 

 

 

2025

 

 

2024

 

 

 

(EUR thousand)

 

EMEA

 

 

159,156

 

 

 

147,675

 

APAC

 

 

35,828

 

 

 

43,989

 

North America

 

 

101,615

 

 

 

101,416

 

South America

 

 

13,173

 

 

 

9,575

 

Total Trade Receivables

 

 

309,772

 

 

 

302,655

 

Summary of Allowances for Expected Credit Losses on Trade Receivables

Trade receivables are stated net of an allowance for expected credit losses which has been determined in accordance with IFRS 9 amounting to EUR 7,084 thousand and EUR 6,704 thousand for 2025 and 2024 respectively:

 

 

 

2025

 

 

2024

 

 

 

(EUR thousand)

 

At January 1

 

 

6,704

 

 

 

6,656

 

Accruals

 

 

1,134

 

 

 

1,411

 

Releases

 

 

(469

)

 

 

(1,346

)

Utilizations

 

 

(36

)

 

 

(25

)

Exchange differences and other changes

 

 

(249

)

 

 

8

 

At December 31

 

 

7,084

 

 

 

6,704