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

Employee benefits (Tables)

v3.25.4
Employee benefits (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of information about defined benefit plans [abstract]  
Summary of employee benefits

Employee benefits are analyzed as follows:

 

 

 

At December 31,

 

 

At December 31,

 

 

 

2025

 

 

2024

 

 

 

(EUR thousand)

 

Employee severance indemnity

 

 

4,921

 

 

 

5,571

 

Jubilee benefits

 

 

240

 

 

 

238

 

Other post-employment plans

 

 

1,463

 

 

 

1,074

 

Stock grant plan

 

 

160

 

 

 

280

 

Total employee benefits

 

 

6,784

 

 

 

7,163

 

Summary of group's liabilities for employee benefits

The Group’s liabilities for employee benefits are as follows:

 

 

 

Trattamento
Fine
Rapporto

 

 

Jubilee
Benefits

 

 

Beneficio
por Retiro /
Terminacion

 

 

Severance
Payment
Slovakia

 

 

Total

 

 

 

(EUR thousand)

 

At January 1, 2024

 

 

5,677

 

 

 

228

 

 

 

1,183

 

 

 

45

 

 

 

7,133

 

Interest cost

 

 

171

 

 

 

6

 

 

 

92

 

 

 

1

 

 

 

270

 

Current service cost

 

 

481

 

 

 

30

 

 

 

138

 

 

 

7

 

 

 

656

 

Benefits paid

 

 

(570

)

 

 

(10

)

 

 

(205

)

 

 

(15

)

 

 

(800

)

Actuarial gains and losses

 

 

(188

)

 

 

(16

)

 

 

(49

)

 

 

17

 

 

 

(236

)

Exchange rate differences

 

 

 

 

 

 

 

 

(140

)

 

 

 

 

 

(140

)

At December 31, 2024

 

 

5,571

 

 

 

238

 

 

 

1,019

 

 

 

55

 

 

 

6,883

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized in the consolidated income statement

 

 

652

 

 

 

20

 

 

 

230

 

 

 

8

 

 

 

910

 

Recognized in the other comprehensive income

 

 

(188

)

 

 

 

 

 

(49

)

 

 

17

 

 

 

(220

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At January 1, 2025

 

 

5,571

 

 

 

238

 

 

 

1,019

 

 

 

55

 

 

 

6,883

 

Interest cost

 

 

172

 

 

 

8

 

 

 

98

 

 

 

2

 

 

 

280

 

Current service cost

 

 

408

 

 

 

29

 

 

 

115

 

 

 

8

 

 

 

560

 

Benefits paid

 

 

(934

)

 

 

(22

)

 

 

(117

)

 

 

(17

)

 

 

(1,090

)

Actuarial gains and losses

 

 

(296

)

 

 

(13

)

 

 

260

 

 

 

10

 

 

 

(39

)

Exchange rate differences

 

 

 

 

 

 

 

 

30

 

 

 

 

 

 

30

 

At December 31, 2025

 

 

4,921

 

 

 

240

 

 

 

1,405

 

 

 

58

 

 

 

6,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized in the consolidated income statement

 

 

580

 

 

 

24

 

 

 

213

 

 

 

10

 

 

 

827

 

Recognized in the other comprehensive income

 

 

(296

)

 

 

 

 

 

260

 

 

 

10

 

 

 

(26

)

Summary of assumptions used for determining defined benefit obligations and quantitative impact

The principal assumptions used for determining the obligations under the plan described are as follows:

At December 31, 2025

 

 

Severance indemnity

 

 

Italy

 

 

Germany

 

 

Mexico

 

 

Slovakia

 

Discount Rate %

 

 

3.96

%

 

 

3.90

%

 

 

9.75

%

 

 

3.37

%

Future salary increase %

 

 

0.50

%

 

 

 

 

 

4.50

%

 

 

6.00

%

Inflation rate %

 

 

2.00

%

 

 

 

 

 

3.50

%

 

 

 

 

At December 31, 2024

 

 

Severance indemnity

 

 

Italy

 

 

Germany

 

 

Mexico

 

 

Slovakia

 

Discount Rate %

 

 

3.38

%

 

 

3.40

%

 

 

11.00

%

 

 

3.18

%

Future salary increase %

 

 

0.50

%

 

 

 

 

 

4.50

%

 

 

6.00

%

Inflation rate %

 

 

2.00

%

 

 

 

 

 

3.50

%

 

 

 

 

 

 

 

At December 31,

 

 

At December 31,

 

Trattamento di fine rapporto

 

2025

 

 

2024

 

 

 

(EUR thousand)

 

Turnover rate +1,00%

 

 

39

 

 

 

24

 

Turnover rate -1,00%

 

 

(44

)

 

 

(28

)

Inflation rate +0,25%

 

 

69

 

 

 

80

 

Inflation rate -0,25%

 

 

(68

)

 

 

(78

)

Annual discount rate +0,25%

 

 

(94

)

 

 

(107

)

Annual discount rate -0,25%

 

 

97

 

 

 

111

 

 

 

 

At December 31,

 

 

At December 31,

 

Beneficios por Retiro, Prima de Antigüedad y Beneficios por Terminación

 

2025

 

 

2024

 

 

 

(EUR thousand)

 

Annual discount rate +1,00%

 

 

(94

)

 

 

(61

)

Annual discount rate -1,00%

 

 

108

 

 

 

70

 

Salary increase +1,00%

 

 

92

 

 

 

58

 

Salary increase -1,00%

 

 

(84

)

 

 

(53

)