Summary of Movements in Intangible Assets |
The movements in intangible assets for the years ended December 31, 2024 and 2023 have been as follows:
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(in €‘000) |
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Software and licenses |
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Internally developed software |
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Customer relationships |
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Goodwill |
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Total |
Cost |
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6,606 |
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14,133 |
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6,560 |
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10,724 |
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38,023 |
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Accumulated amortization and impairment |
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(2,323) |
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(10,821) |
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(231) |
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— |
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(13,375) |
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Carrying amount at January 1, 2023 |
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4,283
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3,312
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6,329
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10,724
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24,648
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Movements in 2023 |
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Amortization |
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(1,395) |
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(1,845) |
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(395) |
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— |
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(3,635) |
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Carrying amount at December 31, 2023 |
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2,888
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1,467
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5,934
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10,724
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21,013
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Cost |
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6,606 |
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14,133 |
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6,560 |
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10,724 |
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38,023 |
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Accumulated amortization and impairment |
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(3,718) |
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(12,666) |
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(626) |
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— |
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(17,010) |
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Carrying amount at December 31, 2023 |
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2,888
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1,467
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5,934
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10,724
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21,013
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Movements in 2024 |
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Disposals |
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(855) |
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(7,175) |
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— |
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— |
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(8,030) |
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Amortization |
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(1,268) |
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(1,390) |
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(395) |
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— |
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(3,053) |
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Amortization of disposals |
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849 |
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7,169 |
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— |
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— |
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8,018 |
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Impairments |
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(294) |
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— |
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(5,539) |
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— |
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(5,833) |
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Reclassifications |
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— |
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31 |
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— |
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— |
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31 |
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Carrying amount at December 31, 2024 |
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1,320
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102
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—
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10,724
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12,146
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Cost |
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5,751 |
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6,989 |
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6,560 |
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10,724 |
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30,024 |
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Accumulated amortization and impairment |
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(4,431) |
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(6,887) |
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(6,560) |
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— |
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(17,878) |
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Carrying amount at December 31, 2024 |
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1,320
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102
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—
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10,724
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12,146
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