| Summary of Movements in Right of Use Assets |
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Buildings |
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Plant and
machinery |
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Industrial
equipment |
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Other
tangible
assets |
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Total |
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(EUR thousand) |
|
Cost |
|
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|
|
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|
|
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|
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|
|
|
At January 1, 2024 |
|
|
23,020 |
|
|
|
9,888 |
|
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|
346 |
|
|
|
13,255 |
|
|
|
46,509 |
|
Additions |
|
|
2,456 |
|
|
|
17 |
|
|
|
— |
|
|
|
1,715 |
|
|
|
4,188 |
|
Disposals |
|
|
(231 |
) |
|
|
— |
|
|
|
— |
|
|
|
(190 |
) |
|
|
(421 |
) |
Exchange rate differences |
|
|
720 |
|
|
|
21 |
|
|
|
— |
|
|
|
(70 |
) |
|
|
671 |
|
At December 31, 2024 |
|
|
25,965 |
|
|
|
9,926 |
|
|
|
346 |
|
|
|
14,710 |
|
|
|
50,947 |
|
Additions |
|
|
3,137 |
|
|
|
— |
|
|
|
— |
|
|
|
1,434 |
|
|
|
4,571 |
|
Disposals |
|
|
(1,655 |
) |
|
|
(8,472 |
) |
|
|
(346 |
) |
|
|
(334 |
) |
|
|
(10,807 |
) |
Exchange rate differences |
|
|
(1,618 |
) |
|
|
(41 |
) |
|
|
— |
|
|
|
(60 |
) |
|
|
(1,719 |
) |
At December 31, 2025 |
|
|
25,829 |
|
|
|
1,413 |
|
|
|
— |
|
|
|
15,750 |
|
|
|
42,992 |
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
Depreciation |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
At January 1, 2024 |
|
|
11,264 |
|
|
|
7,291 |
|
|
|
322 |
|
|
|
9,383 |
|
|
|
28,260 |
|
Depreciation charge for the year |
|
|
3,611 |
|
|
|
1,468 |
|
|
|
6 |
|
|
|
1,807 |
|
|
|
6,892 |
|
Disposals |
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|
(100 |
) |
|
|
— |
|
|
|
— |
|
|
|
(151 |
) |
|
|
(251 |
) |
Reclassifications |
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|
— |
|
|
|
(18 |
) |
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|
18 |
|
|
|
— |
|
|
|
— |
|
Exchange rate differences |
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|
325 |
|
|
|
15 |
|
|
|
— |
|
|
|
(30 |
) |
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|
310 |
|
At December 31, 2024 |
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|
15,100 |
|
|
|
8,756 |
|
|
|
346 |
|
|
|
11,009 |
|
|
|
35,211 |
|
Depreciation charge for the year |
|
|
3,839 |
|
|
|
492 |
|
|
|
— |
|
|
|
1,790 |
|
|
|
6,121 |
|
Disposals |
|
|
(1,100 |
) |
|
|
(8,081 |
) |
|
|
(346 |
) |
|
|
(212 |
) |
|
|
(9,739 |
) |
Exchange rate differences |
|
|
(879 |
) |
|
|
(34 |
) |
|
|
— |
|
|
|
(50 |
) |
|
|
(964 |
) |
At December 31, 2025 |
|
|
16,960 |
|
|
|
1,133 |
|
|
|
— |
|
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|
12,537 |
|
|
|
30,630 |
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|
|
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Net book value |
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|
|
|
|
|
|
|
|
|
|
|
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|
At December 31, 2025 |
|
|
8,869 |
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|
|
280 |
|
|
|
— |
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|
3,213 |
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|
|
12,362 |
|
At December 31, 2024 |
|
|
10,865 |
|
|
|
1,170 |
|
|
|
— |
|
|
|
3,701 |
|
|
|
15,736 |
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| Summary of Carrying Amounts of Lease Liabilities |
Set out below are the carrying amounts of lease liabilities and the movements during the period:
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2025 |
|
|
2024 |
|
|
|
(EUR thousand) |
|
At January 1 |
|
|
16,901 |
|
|
|
18,945 |
|
Additions |
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|
4,571 |
|
|
|
4,188 |
|
Accretion of interest |
|
|
862 |
|
|
|
759 |
|
Payments |
|
|
(7,141 |
) |
|
|
(7,235 |
) |
Early terminated contracts |
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|
(559 |
) |
|
|
(162 |
) |
Exchange rate difference |
|
|
(875 |
) |
|
|
406 |
|
At December 31 |
|
|
13,759 |
|
|
|
16,901 |
|
|
|
|
|
|
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Current |
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|
4,382 |
|
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|
5,092 |
|
Non-current |
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|
9,377 |
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|
|
11,809 |
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| Summary of Amounts Recognized in Income Statements |
The following are the amounts recognized in the income statements:
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For the year ended December 31, |
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|
2025 |
|
|
2024 |
|
|
2023 |
|
|
|
(EUR thousand) |
|
Depreciation expense of right of use assets |
|
|
6,121 |
|
|
|
6,892 |
|
|
|
6,247 |
|
Interest expense on lease liabilities |
|
|
862 |
|
|
|
759 |
|
|
|
581 |
|
Expense relating to short-term leases |
|
|
2,033 |
|
|
|
1,392 |
|
|
|
2,118 |
|
Expense relating to leases of low-value assets |
|
|
1,935 |
|
|
|
5,172 |
|
|
|
4,749 |
|
Total amount recognized in profit or loss |
|
|
10,951 |
|
|
|
14,215 |
|
|
|
13,695 |
|
|