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

Trade and other receivables (Tables)

v3.25.1
Trade and other receivables (Tables)
 12 Months Ended
Dec. 31, 2024
Reconciliation of changes in allowance account for credit losses of financial assets [abstract]  
Summary of trade and other receivables Trade and other receivables
Trade and other receivables can be broken down as per the table below.
(in €‘000) December 31,
2024		 December 31,
2023
Trade receivables – gross 37,417  47,228 
Loss allowance (1,121) — 
Trade receivables – net 36,296  47,228 
VAT receivables 9,631  6,166 
Other receivables 1,453  2,285 
Receivables from related parties 13  9 
Government grants receivables —  355 
Total 47,393  56,043 
Schedule of movements in loss allowance
The movements in the loss allowance for the years ended December 31, 2024 and 2023 have been as follows:
Trade receivables
(in €‘000) 2024 2023
Opening balance loss allowance at the beginning of the year —  — 
Additions to loss allowance 1,135  — 
Receivables written off during the year as uncollectible (14) — 
Unused amount reversed during the year —  — 
Closing balance loss allowance at the end of the year 1,121  —