Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade and other receivables

Trade and other receivables
12 Months Ended
Dec. 31, 2023
Reconciliation of changes in allowance account for credit losses of financial assets [abstract]  
Trade and other receivables Trade and other receivables
(in €‘000) December 31,
December 31,
Trade receivables – gross 47,228  42,670 
Loss allowance —  — 
Trade receivables – net 47,228  42,670 
VAT receivables 6,166  2,459 
Other receivables 2,285  1,517 
Receivables from related parties 194 
Government grants receivables 355  395 
Total 56,043  47,235 
The aging of the Group’s trade receivables and contract assets at the reporting date for all periods presented is disclosed in Note 33.
The movements in the loss allowance for the years ended December 31, 2023 and 2022 have been as follows:
Trade receivables
(in €‘000) 2023 2022
Opening balance loss allowance at the beginning of the year   1 
Additions to loss allowance —  — 
Receivables written off during the year as uncollectible —  — 
Unused amount reversed during the year —  (1)
Closing balance loss allowance at the end of the year    
Impairment losses on trade receivables and contract assets are recorded in other costs, within general and administrative expenses in the consolidated statement of profit or loss. Subsequent recoveries of amounts previously written off are credited against the same line item.
Details about the Group’s exposure to credit risk is included in Note 33.