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

)