Financial liabilities (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Disclosure of financial liabilities [abstract] |
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| Summary of Balances in Financial Debt |
Total financial liabilities amounted to EUR 470,874 thousand and EUR 434,605 thousand at December 31, 2025 and at December 31, 2024 respectively; the balances in financial liabilities are as follows:
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At December 31, |
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At December 31, |
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2025 |
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2024 |
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(EUR thousand) |
|
Lease liabilities |
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4,382 |
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|
5,092 |
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Bank overdrafts and short-term loan facilities |
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|
30,001 |
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|
50,030 |
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Bank loans |
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87,363 |
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56,812 |
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Fair value of derivatives |
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|
592 |
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3,420 |
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Financial liabilities for accrued interests |
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1,169 |
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1,573 |
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Total current financial liabilities |
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123,507 |
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116,927 |
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Lease liabilities |
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9,377 |
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11,809 |
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Bank loans |
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287,929 |
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255,437 |
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Notes |
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49,853 |
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49,790 |
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Fair value of derivatives |
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208 |
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|
642 |
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Total non-current financial liabilities |
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347,367 |
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317,678 |
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Financial Liabilities |
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470,874 |
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434,605 |
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| Summary of Reconciliation Total Borrowings |
The following table sets forth the reconciliation of total borrowings (inclusive of accrued interest):
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At December 31, |
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Cash flows |
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Non-cash changes |
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At December 31, |
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2024 |
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Proceeds |
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Repayments |
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Accrued interest paid in the period |
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Amortized Cost |
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Accrued interest in the period |
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2025 |
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(EUR thousand) |
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Bank loans |
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313,552 |
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120,000 |
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|
(56,893 |
) |
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(1,304 |
) |
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(63 |
) |
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|
995 |
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376,287 |
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Bank overdrafts and short-term loan facilities |
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50,299 |
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30,001 |
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(50,030 |
) |
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(269 |
) |
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— |
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|
174 |
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30,175 |
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Notes |
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49,790 |
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— |
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— |
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— |
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63 |
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— |
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49,853 |
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Total Borrowings |
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413,641 |
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150,001 |
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(106,923 |
) |
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(1,573 |
) |
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— |
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1,169 |
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456,315 |
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| Summary of Maturities and Average Interest Rates for Liabilities to Banks and Other Lenders |
The following table shows maturities and average interest rates for liabilities to banks and other lenders:
At December 31, 2025
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Currency |
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Amount |
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Maturity |
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Average
Interest Rate |
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Amount in EUR |
Bank Loans |
|
EUR |
|
87,488 |
|
2026 |
|
3.11% |
|
87,488 |
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|
EUR |
|
107,952 |
|
2027 |
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3.11% |
|
107,952 |
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|
EUR |
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88,611 |
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2028 |
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3.07% |
|
88,611 |
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|
EUR |
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43,611 |
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2029 |
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3.02% |
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43,611 |
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|
EUR |
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36,111 |
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2030 |
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2.96% |
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36,111 |
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EUR |
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11,806 |
|
2031 |
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2.88% |
|
11,806 |
Amortized Cost |
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EUR |
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(287) |
|
2026-2031 |
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(287) |
Total Bank Loans |
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375,292 |
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Notes |
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EUR |
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25,000 |
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2027 |
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1.40% |
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25,000 |
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|
EUR |
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25,000 |
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2028 |
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1.40% |
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25,000 |
Amortized Cost |
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EUR |
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(147) |
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2026-2028 |
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(147) |
Total Notes |
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49,853 |
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Overdrafts and short-term loan facilities |
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EUR |
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30,001 |
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2026 |
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2.07% |
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30,001 |
Total Overdrafts and short-term loan facilities |
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30,001 |
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Total Bank Loans and Overdrafts |
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455,146 |
At December 31, 2024
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Currency |
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Amount |
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Maturity |
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Average
Interest Rate |
|
Amount in EUR |
Bank Loans |
|
EUR |
|
56,893 |
|
2025 |
|
3.64% |
|
56,893 |
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|
EUR |
|
87,488 |
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2026 |
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3.84% |
|
87,488 |
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|
EUR |
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90,591 |
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2027 |
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3.95% |
|
90,591 |
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|
EUR |
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57,500 |
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2028 |
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4.03% |
|
57,500 |
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EUR |
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10,000 |
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2029 |
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4.23% |
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10,000 |
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EUR |
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10,000 |
|
2030 |
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4.23% |
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10,000 |
Amortized Cost |
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EUR |
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(223) |
|
2025-2030 |
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(223) |
Total Bank Loans |
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312,249 |
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Notes |
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EUR |
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25,000 |
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2027 |
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1.40% |
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25,000 |
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|
EUR |
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25,000 |
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2028 |
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1.40% |
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25,000 |
Amortized Cost |
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EUR |
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(210) |
|
2025-2028 |
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(210) |
Total Notes |
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49,790 |
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Overdrafts and short-term loan facilities |
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EUR |
|
50,001 |
|
2025 |
|
3.02% |
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50,001 |
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DKK |
|
220 |
|
2025 |
|
4.19% |
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29 |
Total Overdrafts and short-term loan facilities |
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50,030 |
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Total Bank Loans and Overdrafts |
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412,069 |
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