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

Breakdown of expenses by nature (Tables)

v3.25.1
Breakdown of expenses by nature (Tables)
 12 Months Ended
Dec. 31, 2024
Analysis of income and expense [abstract]  
Summary Of Depreciation, Amortization And Impairments
(in €‘000) 2024 2023 2022
Included in cost of sales:
Depreciation of property, plant and equipment 21,490  20,090  16,542 
Impairments of property, plant and equipment 320  510  701 
Reversal of impairments of property, plant and equipment (152) (635) (679)
Amortization of intangible assets 1,390  2,517  2,883 
Depreciation of right-of-use assets 5,374  2,474  886 
Included in selling and distribution expenses:
Amortization of customer relationships 395  395  231 
Impairment of customer relationships 5,539  —  — 
Depreciation of right-of-use assets 113  114  148 
Included in general and administrative expenses:
Depreciation of property, plant and equipment 109  257  185 
Depreciation of right-of-use assets 6,247  5,949  5,676 
Amortization of intangible assets 1,268  723  577 
Impairment of intangible assets 294  —  — 
Total 42,387  32,394  27,150 
Summary Of Employee Benefits
(in €‘000) 2024 2023 2022
Included in selling and distribution expenses:
Wages and salaries 1,020  991  1,195 
Social security costs 197  150  127 
Pension costs 88  90  139 
Termination benefits 258  —  194 
Other employee costs (5) 5  (5)
Subtotal 1,558  1,236  1,650 
Included in general and administrative expenses:
Wages and salaries 21,868  17,157  14,968 
Social security costs 4,107  2,674  1,980 
Pension costs 1,782  1,664  1,553 
Termination benefits 342  265  222 
Share-based payment expenses (8,457) 14,512  41,230 
Other employee costs 739  472  283 
Contingent workers 4,608  6,052  4,853 
Subtotal 24,989  42,796  65,089 
Total 26,547  44,032  66,739 
Summary Of Financial Position And The Movements In The Jubilee Provision
The next table provides a summary of the changes in the defined benefit obligations in France.
(in €‘000) 2024 2023
Defined benefit pension provision - Opening 537  449 
Current service cost —  69 
Interest cost —  20 
Total amount recognized in the consolidated statement of profit or loss —  89 
Remeasurement:
(Gain)/loss from change in financial assumptions —  7 
(Gain)/loss from change in demographic assumptions —  8 
   Experience (gain)/loss —  (7)
Total amount recognized in the consolidated statement of other comprehensive income —  8 
Acquisition —  — 
Benefit payments from plans —  (9)
Defined benefit provision - Closing 537  537 
The amounts recorded in the consolidated statement of financial position and the movements in the jubilee provision over all reporting periods presented, are as follows:
(in €‘000) 2024 2023
Jubilee provision – Opening 35  26 
Current service cost 3  5 
Interest cost —  1 
Remeasurements —  3 
Total amount recognized in the consolidated statement of profit or loss 3  9 
Benefit payments —  — 
Jubilee provision – Closing 38  35 
Summary Of Sensitivity Analysis
The principal actuarial assumptions at the reporting dates are:
(in %) 2024 2023
Discount rate
3.1% - 3.2%
3.1% - 3.2%
Wage inflation 3.0  % 3.0  %
Turnover
5.3% - 20.1%
5.3% - 20.1%
The calculation of the defined benefit obligation is sensitive to, amongst others, the discount rate, rate of inflation and changes in life expectancy. In 2024, the sensitivity analysis was as follows:
(In %) -0.5% +0.5%
Discount rate 5.5  % (5.0) %
Salary increases (5.0) % 5.4  %
Turnover rates 1.1  % (1.1) %