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

Financial instruments

v3.25.1
Financial instruments
 12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract]  
Financial instruments Financial instruments
This note provides information about the Group’s financial instruments, including:
•an overview of all financial instruments held by the Group;
•the classification of the financial instruments;
•the line item on the consolidated statement of financial position in which the financial instrument is included;
•the financial instrument’s book and fair value.
The Group holds the following financial instruments:
Financial assets
(in €‘000) Notes At amortized
cost		 Fair value
through
PL		 Fair value
through
OCI		 Total book
value		 Total fair
value
As at December 31, 2023
Non-current other financial assets 19 32,383  3,700  16,557  52,641  52,641 
Current other financial assets 19 1,776  —  —  1,776  1,776 
Trade and other receivables 20 49,877  —  —  49,877  49,877 
Cash and cash equivalents 22 44,585  —  —  44,585  44,585 
Total 128,621  3,700  16,557  148,879  148,879 
As at December 31, 2024
Non-current other financial assets 19 31,404  1,167  45,965  78,536  78,536 
Current other financial assets 19 4,566  —  —  4,566  4,566 
Trade and other receivables 20 37,762  —  —  37,762  37,762 
Cash and cash equivalents 22 160,919  —  —  160,919  160,919 
Total 234,651  1,167  45,965  281,783  281,783 
Due to the highly liquid nature of cash and cash equivalents and the pledged bank balances classified within non-current other financial assets, their carrying amount is considered to be the same as their fair value. Due to the short-term nature of trade and other receivables, their carrying amount is considered to be the same as their fair value.
Financial liabilities
(in €‘000) Notes At amortized
cost		 Fair value through PL Total book
value		 Total fair
value
As at December 31, 2023
Borrowings 25 350,722  —  350,722  374,525 
Non-current lease liabilities 17 71,563  —  71,563  N/A
Current lease liabilities 17 11,927  —  11,927  N/A
Trade and other payables 28 74,213  —  74,213  74,213 
Derivative liabilities 29 —  7,442  7,442  7,442 
Total 508,425  7,442  515,867  456,180 
As at December 31, 2024
Borrowings 25 512,014  —  512,014  496,711 
Non-current lease liabilities 17 99,691  —  99,691  N/A
Current lease liabilities 17 16,724  —  16,724  N/A
Trade and other payables 28 71,375  —  71,375  71,375 
Derivative liabilities 29 —  20,132  20,132  20,132 
Total 699,804  20,132  719,936  588,218 
Due to the short-term nature of the trade and other payables, their carrying amount is considered to be the same as their fair value.