{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"h2apex": "https://h2apex.com/xbrl/2024/",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"https://h2apex.com/xbrl/2024/391200TZVOLI3RYBWS74-2024-12-31.xsd"
]
},
"facts": {
"esef-37897_2024": {
"value": "584000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-37897_2023": {
"value": "3922000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41334_2024": {
"value": "49990000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41334_2023": {
"value": "52414000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41269_2024": {
"value": "564000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41269_2023": {
"value": "885000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41345_2024": {
"value": "2449000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41345_2023": {
"value": "2474000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41343_2024": {
"value": "157000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41343_2023": {
"value": "1106000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41348_2024": {
"value": "53744000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41348_2023": {
"value": "60801000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41350_2024": {
"value": "191000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41350_2023": {
"value": "210000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-37989_2024": {
"value": "17409000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AccruedIncomeIncludingContractAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-37989_2023": {
"value": "5941000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AccruedIncomeIncludingContractAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41351_2024": {
"value": "2213000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41351_2023": {
"value": "5641000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41354_2024": {
"value": "1617000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentFinancialAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41354_2023": {
"value": "5394000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentFinancialAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41356_2024": {
"value": "16074000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41356_2023": {
"value": "44466000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41360_2024": {
"value": "37504000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41360_2023": {
"value": "61652000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41361_2024": {
"value": "91248000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41361_2023": {
"value": "122453000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41364_2024": {
"value": "564000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41364_2023": {
"value": "564000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41366_2024": {
"value": "111204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SharePremium",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41366_2023": {
"value": "111204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:SharePremium",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38338_2024": {
"value": "-53741000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriod",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38338_2023": {
"value": "-29337000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriod",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38337_2024": {
"value": "-27900000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RetainedEarningsProfitLossForReportingPeriod",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38337_2023": {
"value": "-24689000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RetainedEarningsProfitLossForReportingPeriod",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41371_2024": {
"value": "204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41371_2023": {
"value": "127000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41372_2024": {
"value": "30333000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41372_2023": {
"value": "57869000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38170_2024": {
"value": "33801000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentPortionOfNoncurrentLoansReceived",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38170_2023": {
"value": "33109000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentPortionOfNoncurrentLoansReceived",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41233_2024": {
"value": "230000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41233_2023": {
"value": "340000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41380_2024": {
"value": "157000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41380_2023": {
"value": "1106000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41384_2024": {
"value": "34188000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41384_2023": {
"value": "34555000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41392_2024": {
"value": "113000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentFinancialLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41392_2023": {
"value": "163000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentFinancialLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38167_2024": {
"value": "3008000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38167_2023": {
"value": "10448000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41232_2024": {
"value": "348000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41232_2023": {
"value": "528000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41389_2024": {
"value": "9440000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentProvisions",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41389_2023": {
"value": "10949000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentProvisions",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41391_2024": {
"value": "6000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41391_2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41390_2024": {
"value": "12906000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41390_2023": {
"value": "5176000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38259_2024": {
"value": "233000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AccrualsAndDeferredIncomeIncludingContractLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38259_2023": {
"value": "1284000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AccrualsAndDeferredIncomeIncludingContractLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41393_2024": {
"value": "671000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentNonfinancialLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41393_2023": {
"value": "1481000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentNonfinancialLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41396_2024": {
"value": "26726000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41396_2023": {
"value": "30029000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41397_2024": {
"value": "60914000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41397_2023": {
"value": "64584000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41398_2024": {
"value": "91248000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-41398_2023": {
"value": "122453000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39640_2024": {
"value": "29566000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39640_2023": {
"value": "15297000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39645_2024": {
"value": "573000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherWorkPerformedByEntityAndCapitalised",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39645_2023": {
"value": "50000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherWorkPerformedByEntityAndCapitalised",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39643_2024": {
"value": "913000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39643_2023": {
"value": "1041000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39646_2024": {
"value": "29247000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39646_2023": {
"value": "13683000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39647_2024": {
"value": "8946000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39647_2023": {
"value": "6889000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100608_2024": {
"value": "-9204000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:DepreciationAmortisationAndImpairmentExpenses",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100608_2023": {
"value": "-5237000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:DepreciationAmortisationAndImpairmentExpenses",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39650_2024": {
"value": "9219000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39650_2023": {
"value": "12732000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39664_2024": {
"value": "-268000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39664_2023": {
"value": "-275000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherIncomeExpenseFromSubsidiariesJointlyControlledEntitiesAndAssociates",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39658_2024": {
"value": "140000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39658_2023": {
"value": "679000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39659_2024": {
"value": "1474000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39659_2023": {
"value": "2456000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-40737_2024": {
"value": "-1602000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-40737_2023": {
"value": "-2052000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39669_2024": {
"value": "657000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39669_2023": {
"value": "429000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39672_2024": {
"value": "-27822000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39672_2023": {
"value": "-24635000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39674_2024": {
"value": "-27900000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39674_2023": {
"value": "-24689000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39675_2024": {
"value": "78000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39675_2023": {
"value": "54000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39672_2024_1": {
"value": "-27822000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39672_2023_1": {
"value": "-24635000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42653_2024": {
"value": "-27822000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42653_2023": {
"value": "-24635000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100602_2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100602_2023": {
"value": "-1092000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42667_2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42667_2023": {
"value": "-1281000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42664_2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42664_2023": {
"value": "-2373000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100603_2024": {
"value": "27000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100603_2023": {
"value": "1946000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42710_2024": {
"value": "27000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42710_2023": {
"value": "1946000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42712_2024": {
"value": "-27795000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42712_2023": {
"value": "-25062000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42714_2024": {
"value": "-27799000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42714_2023": {
"value": "-24935000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42715_2024": {
"value": "204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42715_2023": {
"value": "127000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42712_2024_1": {
"value": "-27795000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42712_2023_1": {
"value": "-25062000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39668_2024": {
"value": "-27166000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39668_2023": {
"value": "-24206000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42197_2024": {
"value": "9194000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42197_2023": {
"value": "4188000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42199_2024": {
"value": "-1850000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForProvisions",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42199_2023": {
"value": "6670000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForProvisions",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42191_2024": {
"value": "1602000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceCosts",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42191_2023": {
"value": "2052000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceCosts",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42204_2024": {
"value": "-45000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42204_2023": {
"value": "3554000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100604_2024": {
"value": "-18264000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:OperatingNetCashBeforeChangesInNetWorkingCapital",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100604_2023": {
"value": "-7742000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:OperatingNetCashBeforeChangesInNetWorkingCapital",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42192_2024": {
"value": "19000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42192_2023": {
"value": "6288000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38412_2024": {
"value": "3129000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38412_2023": {
"value": "-3127000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38425_2024": {
"value": "-11468000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInOtherCurrentAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38425_2023": {
"value": "-4636000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInOtherCurrentAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38413_2024": {
"value": "7462000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38413_2023": {
"value": "-1783000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38426_2024": {
"value": "2164000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38426_2023": {
"value": "-1222000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38456_2024": {
"value": "280000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-38456_2023": {
"value": "429000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42212_2024": {
"value": "1208000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42212_2023": {
"value": "2159000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42216_2024": {
"value": "-18446000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42216_2023": {
"value": "-14810000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42219_2024": {
"value": "-50000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42219_2023": {
"value": "-88277000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42225_2024": {
"value": "3111000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42225_2023": {
"value": "11677000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100605_2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:AcquisitionOfNancialAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100605_2023": {
"value": "-154000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:AcquisitionOfNancialAssets",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42240_2024": {
"value": "-3061000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42240_2023": {
"value": "76446000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100606_2024": {
"value": "-7484000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ProceedsRepaymentsOfBorrowings",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100606_2023": {
"value": "-9395000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ProceedsRepaymentsOfBorrowings",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100607_2024": {
"value": "558000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ProceedsRepaymentsOfNancialLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100607_2023": {
"value": "-8031000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ProceedsRepaymentsOfNancialLiabilities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42256_2024": {
"value": "-6925000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42256_2023": {
"value": "-17426000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42257_2024": {
"value": "-28432000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42257_2023": {
"value": "44210000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42261_2024": {
"value": "44466000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42261_2023": {
"value": "149000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42257_2024_1": {
"value": "-28432000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42257_2023_1": {
"value": "44210000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42259_2024": {
"value": "40000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42259_2023": {
"value": "107000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42262_2024": {
"value": "16074000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42262_2023": {
"value": "44466000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39014_38984-2023": {
"value": "312000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_40243-2023": {
"value": "20570000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_39010-2023": {
"value": "-28902000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_39011-2023": {
"value": "3000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_2023": {
"value": "-8017000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39017_39010-2023": {
"value": "-24689000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_2023": {
"value": "-24635000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39017_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_40243-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_39011-2023": {
"value": "54000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-100602_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-100602_40243-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-100602_39010-2023": {
"value": "-1092000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-100602_2023_1": {
"value": "-1092000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100602_39011-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityRelatedToCapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_40243-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_39010-2023": {
"value": "1946000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_39011-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_2023_1": {
"value": "1946000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42667_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-42667_40243-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-42667_39010-2023": {
"value": "-1281000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-42667_39011-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-42667_2023_1": {
"value": "-1281000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100609_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:EffectsFromReverseAcquisition",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-100609_40243-2023": {
"value": "40634000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:EffectsFromReverseAcquisition",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-100609_39010-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:EffectsFromReverseAcquisition",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-100609_39011-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:EffectsFromReverseAcquisition",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-100609_2023": {
"value": "40634000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:EffectsFromReverseAcquisition",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39026_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39026_40243-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39026_39010-2023": {
"value": "-8000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39026_39011-2023": {
"value": "70000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-39026_2023": {
"value": "62000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100610_38984-2023": {
"value": "252000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:CapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-100610_40243-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:CapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-100610_39010-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:CapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-100610_39011-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:CapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-100610_2023": {
"value": "252000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:CapitalIncrease",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-40223_38984-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_40243-2023": {
"value": "50000000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_39010-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_39011-2023": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_2023": {
"value": "50000000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39033_38984-2023": {
"value": "564000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_40243-2023": {
"value": "111204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_39010-2023": {
"value": "-54025000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_39011-2023": {
"value": "127000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_2023": {
"value": "57869000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39014_38984-2024": {
"value": "564000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_40243-2024": {
"value": "111204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_39010-2024": {
"value": "-54025000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_39011-2024": {
"value": "127000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-39014_2024": {
"value": "57869000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39017_38984-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_40243-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_39010-2024": {
"value": "-27900000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_39011-2024": {
"value": "78000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-39017_2024": {
"value": "-27822000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-100603_38984-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_40243-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_39010-2024": {
"value": "27000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_39011-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-100603_2024_1": {
"value": "27000.0",
"decimals": -3,
"dimensions": {
"concept": "h2apex:ExpensesDirectlyOffsetWithEquityStockOptionProgram",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-40223_38984-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_40243-2024": {
"value": "-0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_39010-2024": {
"value": "-258000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_39011-2024": {
"value": "0.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-40223_2024": {
"value": "-258000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransferToStatutoryReserve",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-39033_38984-2024": {
"value": "564000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_40243-2024": {
"value": "111204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_39010-2024": {
"value": "-81640000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_39011-2024": {
"value": "204000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:EUR"
}
},
"esef-39033_2024": {
"value": "30333000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:EUR"
}
},
"esef-42716_2024": {
"value": "\n 1. GENERAL INFORMATION \u00a0\n
\n \n H2APEX Group SCA\n and its subsidiaries \u00a0 (until 18 January 2024 \u201cexceet Group SCA\u201d \u00a0and hereafter the \u201cGroup\u201d or \u201cH2APEX\u201d) is a \u00a0company existing as a \u201csoci\u00e9t\u00e9 en commanditepar actions\u201d under the law of the Grand Duchyof Luxembourg and listed on the regulated \u00a0market of the Frankfurt Stock Exchange (WKN:A0YF5P / ISIN: LU0472835155) in the Prime \u00a0Standard segment. The business objective \u00a0of the Group is to develop projects for the \u00a0decentralized supply of green hydrogen. \u00a0\n
H2APEX Group SCA is established for an \u00a0 unlimited period and moved its registered \u00a0office from 17, rue de Flaxweiler, L-\n 6776\n \u00a0Grevenmacher to 19, rue de Flaxweiler, L-6776 \u00a0Grevenmacher (Grand Duchy of Luxembourg) \u00a0in November 2023, and is registered with the \u00a0Register of Commerce and Companies of \u00a0Luxembourg under number B148525. \u00a0
\n On 18 January 2024, the shareholders decided \u00a0at the extraordinary general meeting (\u201cEGM\u201d) to \u00a0rename exceet Group SCA into H2APEX\u00a0Group \u00a0SCA. With the renaming of a common branding \u00a0with APEX Group was finalized. \u00a0 \n
\n The Company\u2019s articles of association were \u00a0 last amended on 18 January 2024. \u00a0\n
\n H2APEX Group SCA is managed by H2APEX \u00a0 Management S.\u00e0 r.l. (until 18 January 2024 \u00a0\u201cexceet Management S.\u00e0 r.l.\u201d and hereafter the \u00a0\u201cGeneral Partner\u201d), a private limited liability \u00a0company (soci\u00e9t\u00e9 \u00e0 responsabilit\u00e9 limit\u00e9e (S.\u00e0 \u00a0r.l.)), duly incorporated under the law of the \u00a0Grand Duchy of \n \n Luxembourg\n \n, the shares in \u00a0which are held indirectly by the founders of \u00a0the Active Ownership Group (AOC), i.e. Florian \u00a0Schuhbauer and Klaus Roehrig (50% each). \u00a0\n
\n The Group\u2019s purpose is investing and \u00a0 developing projects for the decentralized \u00a0supply of green hydrogen. The Group develops \u00a0and operates green hydrogen production \u00a0plants and offers solutions for adjacent areas \u00a0such as storage, district heating, and mobility. \u00a0The Group serves customers in \n Germany\n and \u00a0Luxembourg. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-42717_2024": {
"value": "\n H2APEX Group SCA\n",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43322_2024": {
"value": "soci\u00e9t\u00e9 en commanditepar actions\u201d",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43324_2024": {
"value": "L\n 6776\n 19, rue de Flaxweiler, Grevenmacher (Grand Duchy of Luxembourg) \u00a0",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-42718_2024": {
"value": "On 18 January 2024, the shareholders decided \u00a0at the extraordinary general meeting (\u201cEGM\u201d) to \u00a0rename exceet Group SCA into H2APEX\u00a0Group \u00a0SCA. With the renaming of a common branding \u00a0with APEX Group was finalized. \u00a0",
"dimensions": {
"concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43321_2024": {
"value": "\n \n Luxembourg\n \n",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43323_2024": {
"value": "\n Luxembourg\n ",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43326_2024": {
"value": "\n The Group\u2019s purpose is investing and \u00a0 developing projects for the decentralized \u00a0supply of green hydrogen. The Group develops \u00a0and operates green hydrogen production \u00a0plants and offers solutions for adjacent areas \u00a0such as storage, district heating, and mobility. \u00a0The Group serves customers in \n Germany\n and \u00a0Luxembourg. \u00a0\n ",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43325_2024": {
"value": "\n Germany\n",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43352_2024": {
"value": "\n \n \n 2. BASIS\u00a0OF PREPARATION \u00a0\n
\n \n \n a STATEMENT \u00a0\n
\n \n OF COMPLIANCE \u00a0\n
\n \n The consolidated financial statements of \u00a0 H2APEX Group S.C.A. are based on the \u00a0financial statements of the individual Group \u00a0entities, prepared in accordance with uniform \u00a0accounting principles as of 31 December \u00a02024. They have been prepared in accordance \u00a0with the International Financial Reporting \u00a0Standards (IFRS) as adopted by the European \u00a0Union (\u201cIFRS-EU\u201d), as well as the interpretationsissued by the IFRS Interpretations Committee \u00a0(\u201cIFRIC\u201d) applicable to entities reporting under \u00a0IFRS, and are in compliance with Luxembourg \u00a0legal requirements. \u00a0\n
\n \n The consolidated financial statements have \u00a0 been prepared under the historical cost \u00a0assumption. \u00a0\n
\n \n The accounting policies applied in the \u00a0 preparation of the consolidated financial \u00a0statements as of 31 December 2024 have beenupdated to reflect all new and amended IFRS \u00a0standards and IFRIC interpretations endorsed \u00a0by the European Union with an effective date in2024. \u00a0\n
\n \n \n All figures in the consolidated financial state- \u00a0 ments are presented in Euro (\u201cEUR\u201d). Unless \u00a0otherwise stated, amounts in the financial \u00a0statements and accompanying notes are \u00a0rounded to the nearest thousand (kEUR). \u00a0\n The consolidated financial statements of the \u00a0\n \n H2APEX Group S.C.A. as of 31 December 2024\n \n \n were approved for issuance by the Supervisory \u00a0\n \n Board and the General Partner of H2APEX \u00a0\n \n Group S.C.A. on 12 May 2025. \u00a0\n \n
\n \n \n \n b GOING\u00a0CONCERN \u00a0\n
\n \n The consolidated \ufb01nancial statements of \u00a0 H2APEX Group S.C.A. as of 31 December 2024 \u00a0have been prepared on the going concern as- \u00a0sumption. The General Partner has assessed \u00a0the Group\u2019s ability to continue in operation for \u00a0the foreseeable future and adopted the going \u00a0concern basis in preparing these consolidated \u00a0\ufb01nancial statements. \u00a0\n
\n \n In doing so, the General Partner considered \u00a0 the Group\u2019s \ufb01nancial stability, supported by \u00a0predictable cash \ufb02ows from its ordinary business activities and positive expectations \u00a0regarding the development of its operations. \u00a0These factors, in combination with the Group\u2019s \u00a0long-term strategy and stable shareholder \u00a0structure, reinforce the going concern \u00a0assumption. \u00a0\n
\n \n The Group\u2019s internal liquidity planning indicates \u00a0 that, based on current assumptions, the \u00a0free cash position of H2APEX Group S.C.A. \u00a0could become negative during the second \u00a0half of 2025, with a projected low point of \u00a0approximately EUR (19.7) million in April 2026. \u00a0However, this anticipated temporary shortfall \u00a0has already been proactively addressed through \u00a0binding \ufb01nancial support measures. \u00a0\n
\n \n In April 2025, the Group secured two signi\ufb01cant \u00a0 \ufb01nancing commitments: a EUR 15 million \u00a0comfort letter from a shareholder of the Atlan \u00a0Group, con\ufb01rming their intention to provide \u00a0\ufb01nancial support if needed, and a EUR 20 \u00a0million convertible loan agreement with \u00a0Active Ownership Fund SICAV-FIS SCS. These \u00a0arrangements underline the strong support from \u00a0the Group\u2019s shareholder base and secure access \u00a0to suf\ufb01cient liquidity. \u00a0\n
\n \n \n Management is con\ufb01dent that the Group will \u00a0 be able to draw on these committed funds in a \u00a0timely manner to meet its obligations as they \u00a0fall due. The Group closely monitors its liquidity \u00a0position and maintains regular communication \u00a0with its investors to ensure \ufb01nancial \ufb02exibility. \u00a0No material uncertainties have been identi\ufb01ed \u00a0that would cast signi\ufb01cant doubt on the Group\u2019s \u00a0ability to continue as a going concern. Based onthis assessment, the General Partner concludedthat the going concern assumption is appropri- \u00a0ate. \u00a0\n
\n Despite incurring a loss of EUR 27.8 million in \u00a0 the \ufb01nancial year 2024 and expecting further \u00a0losses in 2025, the Group\u2019s liquidity assessment,combined with binding \ufb01nancial support com-mitments, supports the continued application ofthe going concern assumption. \u00a0\n
\n c\n
\n COMPARATIVE \u00a0\n
\n INFORMATION \u00a0\n
\n For comparative purposes, the disclosures \u00a0 in these notes to the consolidated financial \u00a0statements for the year 2024 are presented \u00a0alongside the corresponding figures for 2023. \u00a0\n
\n The presentation of financial lease liabilities \u00a0 in the balance sheet has been changed in \u00a0accordance with IAS 1.45 since the presentation \u00a0as a separate poistion is more appropriate. \u00a0\n
\n e\n
\n THE ACCOUNTING PRINCIPLES APPLIED TO THE \u00a0\n
\n CONSOLIDATED FINANCIAL STATEMENTS \u00a0\n
\n AT 31 DECEMBER 2024 HAVE BEEN AMENDED TO COMPLY \u00a0\n
\n WITH ALL NEW AND AMENDED IFRS STANDARDS AND \u00a0\n
\n INTERPRETATIONS ADOPTED BY THE EUROPEAN UNION \u00a0\n
\n (EU) WITH EFFECTIVE DATE IN 2024 \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | STANDARD | \n Name | \n Explanation | \n Effective date | \n Effects on H2APEX | \n
\n \n | \n | \n | \n | \n \ufb01nancial statements | \n
\n \n | \n | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | \n | \n Liabilities as Current or | \n | \n | \n
\n \n | \n Classi\ufb01cation of | \n Non-current Date | \n | \n | \n
\n \n | \n liabilities as current | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | IAS 1 | \n or non-current | \n Liabilities as Current or | \n 01 January 2024 | \n no material impact | \n
\n \n | \n amendments to IAS | \n Non-current - Deferral | \n | \n | \n
\n \n | \n 1 Presentation of | \n of Effective Date | \n | \n | \n
\n \n | \n \ufb01nancial statements | \n \u2022 Non-current | \n | \n | \n
\n \n | \n | \n Liabilities with | \n | \n | \n
\n \n | \n | \n Covenants | \n | \n | \n
\n \n | \n Supplier \ufb01nance | \n | \n | \n | \n
\n \n | IAS 7 & | \n agreements \u2013 | \n Disclosures: Supplier | \n 01 January 2024 | \n no material impact | \n
\n \n | IFRS 7 | \n amendments to IAS 7 | \n Finance Arrangements | \n | \n | \n
\n \n | \n and IFRS 7 | \n | \n | \n | \n
\n \n | \n Amendment to IFRS | \n Lease Liability in a Sale | \n | \n | \n
\n \n | IFRS 16 | \n 16 - Leases on sale and | \n and Leaseback | \n 01 January 2024 | \n no material impact | \n
\n \n | \n leaseback | \n | \n | \n | \n
\n \n
\n
\n f\n
\n STANDARDS AND \u00a0\n
\n INTERPRETATIONS \u00a0\n
\n ISSUED BUT NOT YET \u00a0\n
\n EFFECTIVE \u00a0\n
\n
\n \n \n \n \n \n \n \n \n | STANDARD | \n Name | \n Effective date | \n Effects on H2APEX | \n
\n \n | \n | \n | \n \ufb01nancial statements | \n
\n \n | IAS 21 | \n Amendments to IAS 21 - | \n 01 January 2025 | \n no material impact | \n
\n \n | \n Lack of Exchangeability | \n | \n | \n
\n \n | IFRS 9& | \n Amendment to IFRS 9 and IFRS 7 - | \n | \n | \n
\n \n | IFRS 7 | \n Classi\ufb01cation and Measurement of Financial | \n 01 January 2026 | \n no material impact | \n
\n \n | \n Instruments | \n | \n | \n
\n \n | \n | \n | \n impact on overall | \n
\n \n | \n IFRS 18 - Presentation and Disclosure in | \n | \n presentation and | \n
\n \n | IFRS 18 | \n Financial Statements | \n 01 January2027 | \n disclosures in | \n
\n \n | \n | \n | \n the consolidated | \n
\n \n | \n | \n | \n \ufb01nancial statements | \n
\n \n | IFRS 19 | \n IFRS 19 - Subsidiaries without Public | \n 01 January2027 | \n no material impact | \n
\n \n | \n Accountability: Disclosures | \n | \n | \n
\n \n | FRS 9& | \n Amendments to IFRS 9 and IFRS7 \u2013 | \n | \n under assessment | \n
\n \n | IFRS 7 | \n Contracts referencing nature-dependent | \n 01 January 2026 | \n | \n
\n \n | \n electricity (18.12.2024) | \n | \n | \n
\n \n | Various | \n Annual Improvements \u2013 Volume 11 | \n 01 January 2026 | \n under assessment | \n
\n \n
\n
\n The Group is currently assessing the effect of these new accounting standards and amendments. \u00a0\n
\n IFRS 18 Presentation and Disclosure in Financial Statements, which was issued by the IASB in \u00a0 April 2024 supersedes IAS 1 and will result in major consequential amendments to IFRS Ac- \u00a0counting Standards including IAS 8 Basis of Preparation of Financial Statements (renamed from \u00a0Accounting Policies, Changes in Accounting Estimates and Errors). Even though IFRS 18 will not \u00a0have any effect on the recognition and measurement of items in the consolidated financial state- \u00a0ments, it is expected to have a significant effect on the presentation and disclosure of certain \u00a0items. These changes include categorization and sub-totals in the statement of profit or loss, \u00a0aggregation/disaggregation and labelling of information, and disclosure of management-defined \u00a0performance measures. \u00a0\n
\n The Group does not expect to be eligible to apply IFRS 19. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43433_2024": {
"value": "\n \n 2. BASIS\u00a0OF PREPARATION \u00a0\n
\n \n \n a STATEMENT \u00a0\n
\n \n OF COMPLIANCE \u00a0\n
\n \n The consolidated financial statements of \u00a0 H2APEX Group S.C.A. are based on the \u00a0financial statements of the individual Group \u00a0entities, prepared in accordance with uniform \u00a0accounting principles as of 31 December \u00a02024. They have been prepared in accordance \u00a0with the International Financial Reporting \u00a0Standards (IFRS) as adopted by the European \u00a0Union (\u201cIFRS-EU\u201d), as well as the interpretationsissued by the IFRS Interpretations Committee \u00a0(\u201cIFRIC\u201d) applicable to entities reporting under \u00a0IFRS, and are in compliance with Luxembourg \u00a0legal requirements. \u00a0\n
\n \n The consolidated financial statements have \u00a0 been prepared under the historical cost \u00a0assumption. \u00a0\n
\n \n The accounting policies applied in the \u00a0 preparation of the consolidated financial \u00a0statements as of 31 December 2024 have beenupdated to reflect all new and amended IFRS \u00a0standards and IFRIC interpretations endorsed \u00a0by the European Union with an effective date in2024. \u00a0\n
\n \n \n All figures in the consolidated financial state- \u00a0 ments are presented in Euro (\u201cEUR\u201d). Unless \u00a0otherwise stated, amounts in the financial \u00a0statements and accompanying notes are \u00a0rounded to the nearest thousand (kEUR). \u00a0\n The consolidated financial statements of the \u00a0\n \n H2APEX Group S.C.A. as of 31 December 2024\n \n \n were approved for issuance by the Supervisory \u00a0\n \n Board and the General Partner of H2APEX \u00a0\n \n Group S.C.A. on 12 May 2025. \u00a0\n \n
\n \n c\n
\n COMPARATIVE \u00a0\n
\n INFORMATION \u00a0\n
\n For comparative purposes, the disclosures \u00a0 in these notes to the consolidated financial \u00a0statements for the year 2024 are presented \u00a0alongside the corresponding figures for 2023. \u00a0\n
\n The presentation of financial lease liabilities \u00a0 in the balance sheet has been changed in \u00a0accordance with IAS 1.45 since the presentation \u00a0as a separate poistion is more appropriate. \u00a0\n
\n e\n
\n THE ACCOUNTING PRINCIPLES APPLIED TO THE \u00a0\n
\n CONSOLIDATED FINANCIAL STATEMENTS \u00a0\n
\n AT 31 DECEMBER 2024 HAVE BEEN AMENDED TO COMPLY \u00a0\n
\n WITH ALL NEW AND AMENDED IFRS STANDARDS AND \u00a0\n
\n INTERPRETATIONS ADOPTED BY THE EUROPEAN UNION \u00a0\n
\n (EU) WITH EFFECTIVE DATE IN 2024 \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | STANDARD | \n Name | \n Explanation | \n Effective date | \n Effects on H2APEX | \n
\n \n | \n | \n | \n | \n \ufb01nancial statements | \n
\n \n | \n | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | \n | \n Liabilities as Current or | \n | \n | \n
\n \n | \n Classi\ufb01cation of | \n Non-current Date | \n | \n | \n
\n \n | \n liabilities as current | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | IAS 1 | \n or non-current | \n Liabilities as Current or | \n 01 January 2024 | \n no material impact | \n
\n \n | \n amendments to IAS | \n Non-current - Deferral | \n | \n | \n
\n \n | \n 1 Presentation of | \n of Effective Date | \n | \n | \n
\n \n | \n \ufb01nancial statements | \n \u2022 Non-current | \n | \n | \n
\n \n | \n | \n Liabilities with | \n | \n | \n
\n \n | \n | \n Covenants | \n | \n | \n
\n \n | \n Supplier \ufb01nance | \n | \n | \n | \n
\n \n | IAS 7 & | \n agreements \u2013 | \n Disclosures: Supplier | \n 01 January 2024 | \n no material impact | \n
\n \n | IFRS 7 | \n amendments to IAS 7 | \n Finance Arrangements | \n | \n | \n
\n \n | \n and IFRS 7 | \n | \n | \n | \n
\n \n | \n Amendment to IFRS | \n Lease Liability in a Sale | \n | \n | \n
\n \n | IFRS 16 | \n 16 - Leases on sale and | \n and Leaseback | \n 01 January 2024 | \n no material impact | \n
\n \n | \n leaseback | \n | \n | \n | \n
\n \n
\n
\n g FUNCTIONAL\u00a0AND \u00a0\n
\n PRESENTATION \u00a0\n
\n CURRENCY \u00a0\n
\n The figures presented in these consolidated \u00a0 financial statements are expressed in Euro \u00a0(\u201cEUR\u201d), which is also the functional currency of \u00a0the parent company. Unless otherwise stated, \u00a0all amounts have been rounded to the nearest \u00a0thousand (kEUR). \u00a0\n
\n Items in the financial statements of the Group\u2019s \u00a0 subsidiaries are measured in the currency of \u00a0the primary economic environment in which \u00a0the respective entity operates (the \u201cfunctional \u00a0currency\u201d). Each Group entity determines\u00a0its \u00a0own functional currency, which, in principle, \u00a0corresponds to the respective local currency of \u00a0the subsidiary. \u00a0\n
\n Foreign currency transactions are translated \u00a0 into the functional currency at the exchange \u00a0rates prevailing on the date of the transaction. \u00a0Resulting foreign exchange differences \u00a0are recognized in the consolidated income \u00a0statement. \u00a0\n
\n 2.2 MATERIAL \u00a0\n
\n ACCOUNTING POLICIES \u00a0\n
\n a SCOPE\u00a0OF \u00a0\n
\n CONSOLIDATION \u00a0\n
\n The consolidated \ufb01nancial statements include \u00a0 the \ufb01nancial statements of H2APEX Group S.C.A.and its subsidiaries as at 31 December 2024. \u00a0The Group is deemed to control an entity when \u00a0it is exposed to, or has rights to, variable returns \u00a0arising from its involvement with the entity and \u00a0has the ability to affect those returns through itspower over the entity. \u00a0\n
\n Entities acquired during the year are included in \u00a0 the consolidation from the date on which controlis transferred to the Group. Similarly, entities \u00a0are excluded from consolidation from the date \u00a0on which control ceases. For consolidated \u00a0entities, 100% of their assets, liabilities, income, \u00a0and expenses are included in the consolidated \u00a0\ufb01nancial statements. Intercompany balances \u00a0and transactions are eliminated in full. \u00a0\n
\n Where differences in accounting policies \u00a0 exist between the Group and its subsidiaries, \u00a0appropriate consolidation adjustments are madeto ensure uniform application of accounting \u00a0principles across the Group. \u00a0\n
\n When control over a subsidiary is lost, its assets, \u00a0 liabilities, and any non-controlling interests \u00a0are derecognized. Any resulting gain or loss is \u00a0recognized in the consolidated statement of \u00a0income. Any retained interest is measured at its \u00a0fair value at the date when control is lost. \u00a0\n
\n The accounting policies of subsidiaries have \u00a0 been aligned with those of the Group to ensure \u00a0consistent treatment of similar transactions and \u00a0events. \u00a0\n
\n b BUSINESS\u00a0COMBI- \u00a0\n
\n NATIONS AND REVERSE \u00a0\n
\n ACQUISITIONS \u00a0\n
\n BUSINESS COMBINATIONS: \u00a0\n
\n The Group accounts for business combinations \u00a0 using the acquisition method, in accordance \u00a0with IFRS 3, when the acquired set of activities \u00a0and assets qualifies as a business and control \u00a0is transferred to the Group. \u00a0\n
\n The acquisition cost is measured as the total \u00a0of the consideration transferred, including \u00a0any contingent consideration, measured at \u00a0fair value on the acquisition date. Acquisition- \u00a0related costs are expensed as incurred and \u00a0reported under other operating expenses \u00a0in the consolidated income statement. The \u00a0calculation of goodwill also considers any non- \u00a0controlling interests. \u00a0 \n
\n Upon acquiring a business, the Group evaluates \u00a0 the financial assets and liabilities assumed for \u00a0proper classification and designation based on \u00a0the contractual terms, economic conditions, \u00a0and other relevant factors existing at the \u00a0acquisition date. \u00a0\n
\n .\n
\n If the accounting for a business combination is \u00a0 incomplete at the end of the reporting period \u00a0in which the transaction occurs, the Group \u00a0recognizes provisional amounts for those \u00a0items, in accordance with IFRS 3, until the \u00a0measurement period is \ufb01nalized. \u00a0\n
\n The Group recognizes the identi\ufb01able assets \u00a0acquired, liabilities assumed, and any non- \u00a0controlling interests. The excess of the \u00a0consideration transferred (including the fair \u00a0value of any non-controlling interests) over the \u00a0net identi\ufb01able assets and liabilities acquired is \u00a0recognized as goodwill. \u00a0 \n
\n Goodwill is measured at cost less accumulated \u00a0impairment losses. It is tested for impairment at \u00a0least annually, or whenever there is an indication \u00a0that it may be impaired. \u00a0 \n
\n Goodwill is allocated to the cash-generating \u00a0 units (CGUs) that are expected to bene\ufb01t from \u00a0the synergies of the business combination. \u00a0These CGUs represent the lowest level within \u00a0the Group at which goodwill is monitored for \u00a0internal management purposes and do not \u00a0exceed the level of an operating segment. \u00a0\n
\n REVERSE ACQUISITIONS \u00a0\n
\n In a reverse acquisition, the entity that issues \u00a0 equity instruments (the legal acquirer) is \u00a0identified as the acquiree for accounting \u00a0purposes, while the entity whose equity \u00a0interests are acquired (the legal acquiree) is the \u00a0accounting acquirer. \u00a0\n
\n Typically, the accounting acquirer does \u00a0 not transfer consideration for the business \u00a0combination. Instead, the legal subsidiary \u00a0(accounting acquirer) issues its equity \u00a0instruments to obtain control of the legal \u00a0parent (accounting acquiree). \u00a0\n
\n The consolidated financial statements \u00a0 following a reverse acquisition represent a \u00a0continuation of the financial statements of \u00a0the legal subsidiary, with the exception of the \u00a0\n
\n capital structure. These statements reflect the \u00a0 equity structure of the legal parent (the legal \u00a0acquirer) and adjust comparative information \u00a0retrospectively to reflect the capital structure of \u00a0the legal parent. \u00a0\n
\n In accordance with IFRS 3, the assets and \u00a0 liabilities of the legal subsidiary (the accounting \u00a0acquirer) are recognized at their existing book \u00a0values, whereas the assets and liabilities of \u00a0the legal parent (the accounting acquiree) are \u00a0recognized and measured in accordance with \u00a0IFRS 3 requirements. \u00a0\n
\n c\n
\n FAIR VALUE \u00a0\n
\n MEASUREMENT \u00a0\n
\n The Group measures \ufb01nancial instruments at \u00a0 fair value at each balance sheet date. Fair value \u00a0is the price that would be received to sell an \u00a0asset or paid to transfer a liability in an orderly \u00a0transaction between market participants at the \u00a0measurement date. The fair value measurement \u00a0is based on the presumption that the transac- \u00a0tion to sell the asset or transfer the liability takes \u00a0place either: \u00a0\n
\n \u2022\n
\n In the principal market for the asset or \u00a0 liability \u00a0\n
\n Or \u00a0\n
\n \u2022\n
\n In the absence of a principal market, in the \u00a0 most advantageous market for the asset or \u00a0liability. \u00a0\n
\n The principal or the most advantageous market \u00a0 must be accessible by the Group. \u00a0\n
\n The fair value of an asset or a liability is meas- \u00a0 ured using the assumptions that market par- \u00a0ticipants would use when pricing the asset or \u00a0liability, assuming that market participants act in \u00a0their economic best interest. \u00a0\n
\n A fair value measurement of a non-\ufb01nancial \u00a0 asset takes into account a market participant\u2019s \u00a0ability to generate economic bene\ufb01ts by using \u00a0the asset in its highest and best use or by selling \u00a0it to another market participant that would use \u00a0the asset in its highest and best use. \u00a0\n
\n The Group uses valuation techniques that are \u00a0 appropriate in the circumstances and for which \u00a0suf\ufb01cient data are available to measure fair \u00a0value, maximising the use of relevant observableinputs and minimising the use of unobservable \u00a0inputs. \u00a0\n
\n All assets and liabilities for which fair value \u00a0 is measured or disclosed in the consolidated \u00a0\ufb01nancial statements are categorised within the \u00a0fair value hierarchy, described as follows, based \u00a0on the lowest level input that is signi\ufb01cant to thefair value measurement as a whole: \u00a0\n
\n \u2022\n
\n Level 1 \u2014 Quoted (unadjusted) market \u00a0 prices in active markets for identical assets \u00a0or liabilities \u00a0\n
\n \u2022\n
\n Level 2 \u2014 Valuation techniques for which \u00a0 the lowest level input that is signi\ufb01cant to \u00a0the fair value measurement is directly or \u00a0indirectly observable \u00a0\n
\n \u2022\n
\n Level 3 \u2014 Valuation techniques for which \u00a0 the lowest level input that is signi\ufb01cant to \u00a0the fair value measurement is unobservable\n
\n For assets and liabilities that are recognized \u00a0 in the consolidated \ufb01nancial statements at fair \u00a0value on a recurring basis, the Group determines \u00a0whether transfers have occurred between levels \u00a0in the hierarchy by reassessing categorisation atthe end of each reporting period. \u00a0\n
\n d INTANGIBLE \u00a0\n
\n ASSETS \u00a0\n
\n INITIAL RECOGNITION \u00a0\n
\n Intangible assets acquired separately are meas- \u00a0 ured on initial recognition at cost or deemed \u00a0cost. Expenses for research activities are \u00a0recognized through the consolidated income \u00a0statement in the period in which they incurred. \u00a0Development expenditures on the individual \u00a0project are recognized as intangible assets \u00a0from the date the Group can demonstrate that \u00a0the capitalization criteria under IAS 38 are met. \u00a0These include the technical feasibility of com- \u00a0pleting the asset, the intention and ability to \u00a0complete and use or sell it, the ability to gener- \u00a0ate probable future economic bene\ufb01ts, the avail- \u00a0ability of adequate technical, \ufb01nancial, and other \u00a0resources, and the ability to reliably measure the \u00a0expenditure attributable to the asset during its \u00a0development. \u00a0\n
\n This means, among other things, that\u00a0the \u00a0 development activity must lead with suf\ufb01cient \u00a0certainty to future cash in\ufb02ows that also cover \u00a0the corresponding development costs. \u00a0\n
\n The costs capitalized include the cost of \u00a0 materials, direct labor and other directly \u00a0attributable expenditure that serves to prepare \u00a0the asset for use. Such capitalized costs \u00a0are included in line item intangible assets as \u00a0internally generated intangible assets. \u00a0\n
\n Other development costs are expensed as \u00a0 incurred. \u00a0\n
\n SUBSEQUENT MEASUREMENTS \u00a0\n
\n After initial recognition, intangible assets are \u00a0carried at cost less any accumulated amorti- \u00a0zation and any cumulated impairment loss. \u00a0 \n
\n AMORTIZATION \u00a0\n
\n The useful lives of intangible assets are \u00a0 assessed by the General Partner of the Group \u00a0as either finite or indefinite. \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Patents, licenses, | \n Computer software | \n
\n \n | \n trademarks and similar rights | \n | \n
\n \n | Useful lives | \n Finite | \n Finite | \n
\n \n | Amortisation method used | \n Amortised on a straigt-line | \n Amortised on a straigt-line | \n
\n \n | \n basis over the period of use | \n basis over the period of use | \n
\n \n | Internally generated or acquired | \n Acquired | \n Acquired | \n
\n \n | Amortisation period | \n 5-10 years | \n 3-5 years | \n
\n \n
\n
\n Intangible assets with finite lives are amortized \u00a0over the expected useful economic life and \u00a0assessed for impairment whenever there is an \u00a0indication that the other intangible asset may \u00a0be impaired. When there are no foreseeable \u00a0limits to the period over the assets for \u00a0generating net cash inflows, the assets are \u00a0recognized as assets with indefinite useful life. \u00a0Those assets are not amortized but tested for \u00a0impairment loss at least annually. \u00a0 \n
\n Amortization of intangible assets is shown \u00a0 in the consolidated income statement under \u00a0the line item depreciation, amortization and \u00a0impairment expense. \u00a0\n
\n Intangible assets under development are \u00a0 reported at cost and are allocated to intangible \u00a0assets when they are completed and put into \u00a0operational use, from which point onwards they \u00a0are depreciated. \u00a0\n
The Group reviews the residual value, useful life and amortization method of intangible assets at each financial year end. Changes to initially established criteria are accounted for as a change in accounting estimates. Revisionsto accounting estimates are recognized prospectively. Since there were new patents, licenses, trademarks and similar rights, which must be depreciated for the first time in the current financial year, the Group decided during their review to depreciate related assets over 5 years.
\n e\n
\n PROPERTY, PLANT \u00a0\n
\n AND EQUIPMENT \u00a0\n
\n INITIAL RECOGNITION \u00a0\n
\n Property, plant and equipment are recognized \u00a0 at cost or deemed cost. Production costs and \u00a0interests (if the asset fulfils the criteria of a \u00a0qualifying asset) which related to the financing \u00a0of acquisitions of tangible assets are capita- \u00a0lized in the consolidated financial statements. \u00a0\n
\n SUBSEQUENT MEASUREMENT \u00a0\n
\n After initial recognition of property, plant and \u00a0equipment are carried at cost less accumulated \u00a0depreciation and any accumulated impairment \u00a0losses, only the costs incurred which increase \u00a0capacity or productivity or which lengthen the \u00a0useful life of the asset are capitalized. The \u00a0carrying amount of parts that are replaced is \u00a0derecognized. Costs of day-to-day servicing arerecognized in consolidated income statement \u00a0as incurred. \u00a0 \n
\n DEPRECIATION \u00a0\n
\n Property, plant and equipment are depreciated \u00a0 by allocating the depreciable amount of the \u00a0asset on a systematic basis over its useful life. \u00a0The depreciable amount is the cost of an asset \u00a0less its residual value. \u00a0\n
\n The following useful lives are assumed: \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Depreciation | \n \"Estimated | \n
\n \n | \n Method | \n years | \n
\n \n | \n | \n of useful life\" | \n
\n \n | Buildings | \n Straight-line | \n 25 -40 | \n
\n \n | Technical installations | \n Straight-line | \n 5 - 20 | \n
\n \n | and machinery | \n | \n | \n
\n \n | Other installations, | \n Straight-line | \n 4 - 12 | \n
\n \n | equipment and furniture | \n | \n | \n
\n \n
\n
\n Assets under construction are reported at cost \u00a0and are allocated to tangible assets when they \u00a0are completed and put into operational use, from \u00a0which point onwards they are depreciated. \u00a0 \n
\n The Group reviews residual values, useful lifes \u00a0 and depreciation methods on a regular basis \u00a0or by triggering events. Changes to initially \u00a0established criteria are accounted for as a change \u00a0in accounting estimates. \u00a0\n
\n f\n
\n LEASES \u00a0\n
\n The Group leases various offices, equipment \u00a0 and cars. Rental contracts are typically agreed \u00a0for fixed periods of 5 years but may have \u00a0extension options. Lease terms are negotiated \u00a0on an individual basis and contain a wide range \u00a0of different terms and conditions. The lease \u00a0agreements do not impose any covenants, but \u00a0leased property assets may not be used as \u00a0security for borrowing purposes. \u00a0\n
\n Leases are recognized as a right-of-use \u00a0 asset and a corresponding liability at the \u00a0date at which the leases asset is available \u00a0for use by the Group. The finance cost is \u00a0charged to consolidated income statement of \u00a0comprehensive income over the lease period. \u00a0\n
\n Right-of-use assets are initially measured at \u00a0 their cost. The cost of right-of-use assets \u00a0include the amount of the initial measurement \u00a0of the lease liability, plus any initial direct costs \u00a0incurred, an estimate of costs in dismantling \u00a0and removing the underlying asset or restoring \u00a0the underlying asset or site where it is located \u00a0and lease payments made at or before the \u00a0commencement date less any lease incentives \u00a0received. \u00a0\n
\n For the first time, the lease liability is measured \u00a0 at the present value of the lease payments not \u00a0yet made at the commencement date. Lease \u00a0liabilities include the net present value of the \u00a0following lease payments: \u00a0\n
\n \u2022\n
\n \ufb01xed payments (including in-substance \u00a0 \ufb01xed payments), less any lease incentives \u00a0receivable \u00a0\n
\n \u2022\n
\n variable lease payment that are based on an index or a rate, initially measured using theindex or rate as at the commencement date\n
\n Lease payments to be made under reason- \u00a0 ably certain extension and purchase options \u00a0are also included in the measurement of the \u00a0liability. \u00a0\n
\n The lease liability is measured at amortized \u00a0 cost using the effective interest method. It is \u00a0remeasured whether there is modification or a \u00a0change in the lease term, if future lease\u00a0pay- \u00a0ments change due to a change in an index or \u00a0rate used to determine such lease payments, or \u00a0if the Group changes its estimate of the exer- \u00a0cise of an option to purchase the underlying \u00a0asset. \u00a0\n
\n When the lease liability is remeasured in this \u00a0 way, the carrying amount of the right-of-use\u00a0as- \u00a0set is adjusted accordingly, or a corresponding \u00a0adjustment is made through profit or loss if the \u00a0carrying amount of the right-of-use asset has \u00a0been reduced to zero. \u00a0\n
\n The lease payments are discounted using the \u00a0 interest rate implicit in the lease. If that rate \u00a0cannot be determined, the lessee\u2019s incremental \u00a0borrowing rate is used, being the rate that the \u00a0lessee would have to pay to borrow the funds \u00a0necessary to obtain an asset of similar value \u00a0in a similar economic environment with similar \u00a0terms and conditions. \u00a0\n
\n To determine the incremental borrowing rate, \u00a0 the Group: \u00a0\n
\n \u2022\n
\n where possible, uses recent third-party \u00a0 \ufb01nancing received by the individual lessee as \u00a0a starting point, adjusted to re\ufb02ect changes \u00a0in \ufb01nancing conditions since third party \u00a0\ufb01nancing was received \u00a0\n
\n \u2022\n
\n makes adjustments speci\ufb01c to the lease, e.g. \u00a0 term, country, currency and security. \u00a0\n
\n The Group is exposed to potential future increases \u00a0 in variable lease payments based on an index or \u00a0rate, which are not included in the lease liability \u00a0until they take effect. When adjustments to lease \u00a0payments based on an index or rate take effect, \u00a0the leases liability is reassessed and adjusted \u00a0against the right-of-use asset. \u00a0\n
\n Lease payments are allocated between liability \u00a0 and \ufb01nance cost. The \ufb01nance cost is charged to \u00a0pro\ufb01t or loss over the lease period. Right-of-use \u00a0assets are measured at cost comprising the fol- \u00a0lowing: \u00a0\n
\n \u2022\n
\n the amount of the initial measurement of \u00a0 lease liability \u00a0\n
\n \u2022\n
\n any lease payments made at or before the \u00a0 commencement date less any lease incen- \u00a0tives received \u00a0\n
\n \u2022\n
\n any initial direct costs, and \u00a0\n
\n \u2022\n
\n restoration costs. \u00a0\n
\n Right-of-use assets are depreciated on a straight- line basis over the shorter of the lease term and \u00a0the estimated useful lives of the assets, as fol- \u00a0lows: \u00a0\n
\n \u2022\n
\n Motor vehicles and other \u00a0\n
\n equipment 3 to 4 years \u00a0\n
\n \u2022\n
\n Of\ufb01ce Space 2 to 5 years \ua880 \u00a0\n
\n The depreciable amount of leased assets is allo- \u00a0 cated to each accounting period during the periodof expected use on a systematic basis consistentwith the depreciation policy for owned assets. \u00a0If the Group is reasonably certain to exercise a \u00a0purchase option, the right-of-use asset is depreci- \u00a0ated over the underlying asset\u2019s useful life. \u00a0\n
\n Payments associated with short-term leases \u00a0(lease term of 12 months or less) and leases \u00a0of low-value assets (below EUR 5,000) are \u00a0recognized on a straight-line basis as an expensein pro\ufb01t or loss. \u00a0 \n
\n g IMPAIRMENT\u00a0OF \u00a0\n
\n NON-FINANCIAL ASSETS \u00a0\n
\n The Group evaluates whether there are indica- \u00a0 tions of possible impairment losses on non- \u00a0financial assets to verify whether the carrying \u00a0amount of these assets exceeds the recoverable \u00a0amount. \u00a0\n
\n The Group tests intangible assets not yet avail- \u00a0 able for use for impairment at least annually, \u00a0irrespective of whether there is any indication \u00a0that the assets may be impaired. \u00a0The recoverable amount of assets is the higher \u00a0of fair value less costs of retirement or disposal \u00a0and value in use. \u00a0\n
\n Negative differences arising from comparison of \u00a0 carrying amounts of assets with their recover- \u00a0able amounts are expensed. \u00a0\n
\n Recoverable amount is determined for each \u00a0 individual asset, unless the asset does not gen- \u00a0erate cash inflows that are largely independent \u00a0of those from other assets or groups of assets. \u00a0If this is the case, recoverable amount is deter- \u00a0mined for the cash-generating unit (\u201cCGU\u201d) to \u00a0which the asset belongs. \u00a0\n
\n At the end of each reporting period the Group \u00a0 assesses whether there is any indication that an \u00a0impairment loss recognized in prior periods\u00a0may \u00a0no longer exist or may have decreased. Impair- \u00a0ments losses on goodwill may not be reversed. \u00a0Impairment losses on assets other than good- \u00a0will are reversed if, and only if, there has been \u00a0a change in the estimates used to calculate the \u00a0asset\u2019s recoverable amount. \u00a0\n
\n A reversal of an impairment loss is recognized in \u00a0 the consolidated income statement. The in- \u00a0crease of the carrying amount of an asset attrib- \u00a0utable to a reversal of an impairment loss may \u00a0not exceed the carrying amount that would\u00a0have \u00a0been determined, net of depreciation or amorti- \u00a0zation, had no impairment loss been recognized. \u00a0\n
\n These assets are initially measured at fair value, \u00a0plus any transaction costs, and then subse- \u00a0quently at amortized cost. The interest accrued \u00a0is taken to the consolidated income statement \u00a0applying the effective interest method. Nonethe- \u00a0less, financial assets falling due one year or less \u00a0without a contractual interest rate are initially \u00a0and subsequently measured at their nominal \u00a0amount, if the effect of upgrading the cash \u00a0flows is insignificant. \u00a0 \n
\n Impairment of \ufb01nancial assets at \u00a0 amortized cost \u00a0\n
\n The Group recognizes value adjustments relat- \u00a0 ing to expected credit losses on financial assets \u00a0and contract assets measured at amortized \u00a0cost. \u00a0\n
\n The Group applies the simplified approach of \u00a0 calculating the expected credit loss of its finan- \u00a0cial assets. \u00a0\n
\n The simplified approach considers expected \u00a0 losses for lifetime plus any additional provision- \u00a0ing if additional indicators for credit losses were \u00a0indicated. The Group assumes that the credit \u00a0risk of a financial instrument has not increased \u00a0significantly since its initial recognition if the \u00a0financial instrument has a low credit risk at the \u00a0closing date. \u00a0\n
\n (i) De\ufb01nition of default \u00a0\n
\n The\u00a0Group considers the following as constitu- \u00a0 ting an event of default for internal credit risk \u00a0management purposes as historical experience \u00a0indicates that financial assets that meet either \u00a0of\u00a0the following criteria are generally not recov- \u00a0erable: \u00a0\n
\n h\n
\n FINANCIAL \u00a0\n
\n INSTRUMENTS \u00a0\n
\n A financial instrument is any contract that gives rise to a financial asset of one entity\u00a0and a \u00a0financial liability or equity instrument of\u00a0an- \u00a0other entity. Financial instruments in the formof financial assets and financial liabilities aregenerally presented separately. Financial instru-ments are recognized as soon as the Group \u00a0becomes a party to the contractual provisionsof the financial instrument. In the case of \u00a0purchases or sales of financial assets throughthe regular market, H2APEX uses the settle- \u00a0ment date as the date of initial recognition or \u00a0derecognition. Upon initial recognition, financialinstruments are measured at fair value. \u00a0\n
\n FINANCIAL ASSETS \u00a0\n
\n Classi\ufb01cation and measurement \u00a0 The Group classifies and measures its financialassets, both current and non-current, as \u00a0follows: \u00a0\n
\n Assets at amortized cost \u00a0\n
\n This category includes the financial assets that meet the following conditions: \u00a0\n
\n \u2022\n
\n The asset is held within the framework of a \u00a0 business model whose purpose is to hold \u00a0\ufb01nancial assets in order to obtain contrac-tual cash \ufb02ows, and\n
\n \u2022\n
\n The contractual conditions of the \ufb01nancial asset give rise, on speci\ufb01ed dates, to cash\ufb02ows constituting solely payments of princi-pal plus interest on the outstanding princi-ple. \u00a0\n
\n When there is a breach of financial \u00a0 covenants by the debtor \u00a0\n
\n Information developed internally or obtained \u00a0 from external sources indicates that the \u00a0debtor is unlikely to pay its creditors, includ- \u00a0ing the Group, in full (without taking into \u00a0account any collateral held by the Group). \u00a0\n
\n Irrespective of the above analysis, the Group \u00a0 considers that default has occurred when a \u00a0financial asset is more than 180 days past dueunless the Group has reasonable and support-able information to demonstrate that a more \u00a0lagging default criterion is more appropriate. \u00a0\n
\n (ii) Credit-impaired \ufb01nancial assets \u00a0 A financial asset is credit-impaired when one \u00a0or more events that have a detrimental impact \u00a0on the estimated future cash flows of that \u00a0financial asset have occurred. Evidence that \u00a0a financial asset is credit-impaired includes \u00a0observable data about the following events: \u00a0\n
\n \u2022\n
\n Significant financial difficulty of the issuer or the borrower \u00a0\n
\n \u2022\n
\n A breach of contract, such as a default or \u00a0 past due event (see (i) above) \u00a0\n
\n \u2022\n
\n The lender(s) of the borrower, for economic or contractual reasons relating to the bor- \u00a0rower\u2019s financial difficulty, having granted \u00a0to the borrower a concession(s) that the \u00a0lender(s) would not otherwise consider \u00a0\n
\n \u2022\n
\n It is becoming probable that the borrower \u00a0 will enter bankruptcy or other financial \u00a0reorganization \u00a0\n
\n \u2022\n
\n The disappearance of an active market for that financial asset because of financial \u00a0difficulties \u00a0\n
\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
\n SUBSEQUENT MEASUREMENT \u00a0\n
\n Derecognition of \ufb01nancial assets \u00a0 Financial assets are derecognized when the con- \u00a0tractual rights to the cash \ufb02ows from the \ufb01nancial \u00a0asset expire or have been transferred or partially \u00a0transferred (risk sharing) and substantially all the \u00a0risks and rewards of ownership are considered to \u00a0have been transferred. \u00a0\n
\n On derecognition of a \ufb01nancial asset, the differ- \u00a0 ence between the carrying amount and the sum \u00a0of the consideration received, net of transaction \u00a0costs, including any new asset obtained less any \u00a0new liability assumed and any cumulative gain or \u00a0loss deferred in other comprehensive income, is \u00a0recognized in consolidated income statement. \u00a0\n
\n FINANCIAL LIABILITIES \u00a0\n
\n Classi\ufb01cation and measurement of \ufb01nancial \u00a0 liabilities \u00a0\n
\n Financial liabilities are classi\ufb01ed at initial recogni- \u00a0 tion and initially measured at fair value, plus or \u00a0minus transaction costs, depending on the type \u00a0of \ufb01nancial instrument. \u00a0\n
\n Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0 \n
\n Loans and borrowings \u00a0\n
\n After initial recognition, interest-bearing loans \u00a0 and borrowings are subsequently measured \u00a0at amortized cost using effective interest rate \u00a0(EIR) method. Gains and losses are recognized \u00a0in pro\ufb01t or loss when the liabilities are derecog-nized as well as through the EIR amortization \u00a0process. \u00a0\n
\n Derecognition of \ufb01nancial liabilities \u00a0 Financial liabilities are derecognized where \u00a0they are extinguished, i.e., when the obligation \u00a0deriving from the liability has been discharged \u00a0or cancelled, or it has expired. When there is \u00a0an exchange of debt instruments between the \u00a0Group and the counterparty, provided that they \u00a0have substantially different conditions, the \u00a0original \ufb01nancial liability is eliminated, and the \u00a0new \ufb01nancial liability is recognized. Similarly, anysubstantial modi\ufb01cation to the current condi-tions affecting a \ufb01nancial liability is recognized.\n
\n i\n
\n CONTRACT BALANCES \u00a0\n
\n CONTRACT ASSETS \u00a0\n
\n A contract asset is initially recognized for rev- \u00a0 enue earned from customer projects because \u00a0the receipt of consideration is conditional on \u00a0successful completion of the project. Upon \u00a0completion of the project and acceptance by \u00a0the customer, the amount recognized as con- \u00a0tract assets is reclassified to trade receivables. \u00a0\n
\n CONTRACT LIABILITIES \u00a0\n
\n Contract liabilities are recognized in relation to prepayments of customers, where the delivery \u00a0of the related service will happen over time. \u00a0\n
\n j\n
\n GOVERNMENT GRANTS \u00a0\n
\n Government grants are recognized at fair value \u00a0 if there is reasonable assurance that the grant \u00a0will be received, and the Group will comply with \u00a0all\u00a0attached conditions. Government grants \u00a0include short allowance for the employee and \u00a0non-repayable subsidy granted by the govern- \u00a0ment whose purpose is to finance intangible \u00a0assets. \u00a0\n
\n Grants awarded for the purchase, or the produc- \u00a0 tion of fixed assets (grants related to assets), \u00a0are generally offset against the acquisition or \u00a0production costs of the respective assets and \u00a0reduce future depreciations accordingly. Grants \u00a0awarded for other than non-current assets \u00a0(grants related to income) are reported in the \u00a0consolidated income statement under the same \u00a0functional\u00a0area as the corresponding expenses. \u00a0They are recognized as income over the periods \u00a0necessary to match them on a systematic basis \u00a0to the costs that are intended to be compen- \u00a0sated. Government grants for future expenses \u00a0are recorded as deferred income. In the financial \u00a0year government grants are recognized in other \u00a0income kEUR 153 (2023: kEUR 484) using the \u00a0income approach. \u00a0\n
\n k\n
\n EMPLOYEE BENEFITS \u00a0\n
\n SHORT-TERM EMPLOYEE BENEFITS \u00a0\n
\n Short-term employee benefits are expected to \u00a0 be settled in full before 12 months after the end \u00a0of the reporting period in which the employees \u00a0render the related services. \u00a0\n
\n The Group recognizes the expected cost of \u00a0 profit-sharing and bonus plans when it has a \u00a0present legal or constructive obligation to make \u00a0such payments because of past events and a \u00a0reliable estimate of the obligation can be made. \u00a0\n
\n REDUNDANCY INDEMNITIES \u00a0\n
\n Pursuant to current employment law, in cer- \u00a0 tain circumstances the Group is liable to pay \u00a0redundancy indemnities to employees whose \u00a0services are discontinued, which will happen \u00a0over time. \u00a0\n
\n l\n
\n SHARE-BASED \u00a0\n
\n PAYMENTS \u00a0\n
\n Stock Options granted to a participant will vest in instalments over a four-year vesting period \u00a0as follows: The Stock Options shall vest by \u00a01/16 for each full quarter of a year following thegrant date subject to the condition that a periodof twelve (12) months following the grant date \u00a0(the \u201ccliff period\u201d) has expired (each date on \u00a0which Stock Options vest, a \u201cvesting date\u201d). \u00a0The Company granted in total 2,850,000 StockOptions, while 155,625 Stock Options were for-feited. By 31 December 2024 2,694,375 Stock \u00a0Options are outstanding under these terms and \u00a0conditions. 2,190,000 Stock Options have beengranted under these terms and conditions. \u00a0\n
\n 660,000 Stock Options were granted to Lien \u00a0 HoldCo (related party to Roland Lienau). TheseStock Options are fully vested as of \u00a0the acceptance and must be exercised by \u00a031 December 2028 (\u201cExpiry Date\u201d). \u00a0\n
\n Any time period in which the participant does \u00a0 not work for H2APEX Group and H2APEX \u00a0Group does not owe the whole compensation \u00a0agreed under the employment or service agree-ment to the participant, as applicable (e.g., inthe case of extended periods of illness, uncom-pensated release from duty to work, parentalleave, excluding for the avoidance of doubt, ma-ternity leave) shall suspend the vesting of StockOptions for that time period and the four-year \u00a0vesting period will be extended accordingly. \u00a0\n
\n The Stock Option Plan (SOP) does not include \u00a0 any market conditions. \u00a0\n
\n The fair value of the Stock Options is estimated \u00a0 at the grant date using the binomial option pric- \u00a0ing model, considering the terms and conditions \u00a0on which the Stock Options were granted.\u00a0The \u00a0Stock Options can be exercised within five years \u00a0following the vesting date. There are no cash \u00a0settlement alternatives. The Group does\u00a0not \u00a0have past practice of cash settlement for these \u00a0Stock Options. \u00a0\n
\n The Group accounts for the Stock Options as \u00a0 an equity-settled plan. While the legal terms of \u00a0the SOP 2023 provide the granting entity with \u00a0the choice between equity settlement and cash \u00a0settlement, the Group accounts for the awards \u00a0as equity-settled in accordance with IFRS 2.41, \u00a0based on its established practice and for opera- \u00a0tional practicability. Accordingly, no liability is \u00a0recognized, and the awards are measured at fair \u00a0value at grant date without subsequent remeas- \u00a0urement. \u00a0\n
\n The grant date fair value of equity-settled \u00a0 share-based payments arrangements granted \u00a0to employees is recognized as an expense \u00a0with a corresponding increase in equity, over \u00a0the vesting period of the awards. The amount \u00a0recognized as an expense is adjusted to reflect \u00a0the number of awards for which the related \u00a0service and non-market performance condi- \u00a0tions are expected to be met, such that the \u00a0amount ultimately recognized is based on the \u00a0number of awards that meet the related service \u00a0and non-market performance conditions at the \u00a0vesting date. For share-based payment awards \u00a0with non-vesting conditions, the grant-date fair \u00a0value of the share-based payment is measured \u00a0to reflect such conditions and there is no true- \u00a0up for differences between expected and actual \u00a0outcomes. \u00a0\n
\n m PROVISIONS \u00a0\n
\n Provisions are recognized when the Group \u00a0 has a present obligation, legal or constructive \u00a0arising from a past event, it is probable that \u00a0an outflow of resources embodying economic \u00a0benefits will be required to settle the obliga- \u00a0tion, and a reliable estimate can be made of theamount of the obligation. \u00a0\n
\n The amounts recognized in the consolidated \u00a0 statement of financial position as a provision \u00a0is the best estimate of the expenditure requiredto settle the present obligation at the end of thereporting period, taking into account all risks \u00a0and uncertainties surrounding the amount to be \u00a0recognized as a provision and, where the time \u00a0value of money is material, the financial effect \u00a0of discounting provided that the expenditure tobe made each period can be reliably estimated.The discount rate is determined before taxes, \u00a0considering money temporary value, as well\u00a0asthe specific risks that have not been consid- \u00a0ered in the future flows related to the provision \u00a0at each closing date. \u00a0\n
\n Single obligations are valued by the individual \u00a0 outcome that is most probable. \u00a0\n
\n If it is not probable that an outflow of resources will be required to settle an obligation, the pro-vision is reversed. The reversal is made againstthe consolidated income statement items in \u00a0which the corresponding expense was record- \u00a0ed and the excess, if any, is recognized under \u00a0other income. \u00a0\n
\n Contingent liabilities are possible obligations \u00a0arising from past events and whose existence \u00a0will be confirmed only upon the occurrence or \u00a0non-occurrence of one or more uncertain fu- \u00a0ture events not wholly within the control of the \u00a0Group. Contingent liabilities are not recognized \u00a0but only disclosed in the notes to the consoli- \u00a0dated financial statements. \u00a0 \n
\n n\n
\n RECOGNITION \u00a0\n
\n OF REVENUE \u00a0\n
\n The Group is in the business of providing ser- \u00a0 vices and products in the field of regenerative \u00a0energies. Revenue from contract with custom- \u00a0ers is recognized when control of the goods and \u00a0project services are transferred to the custom- \u00a0ers. The Group assesses whether a transaction \u00a0is comprised of different components, in order \u00a0to apply the appropriate income recognition \u00a0criteria to each one. Revenue from providing \u00a0service and selling goods are recognized at the \u00a0fair value of the consideration received or receiv- \u00a0able. \u00a0\n
\n REVENUE FROM PROJECT DEVELOPMENT \u00a0\n
\n The Group recognises revenue from project \u00a0 development over time any other use of the \u00a0developed project would burden the contrac- \u00a0tor with considerable losses, no alternative use \u00a0outside of the intended use can be attested for \u00a0the service. The agreements made in project \u00a0development contracts guarantee the Group ap- \u00a0propriate remuneration for the services rendered \u00a0in each case. \u00a0\n
\n The Group uses an input method in measuring \u00a0 progress input-orientated according to the cost- \u00a0to-cost method. The cost-oriented approach to \u00a0performance measurement is based on the ratio \u00a0of the fulfilment costs incurred up to the assess- \u00a0ment date to the total costs expected for the \u00a0provision of the services owed. \u00a0\n
\n The Group regularly checks if the contract is \u00a0 onerous and make provision where appropriate. \u00a0\n
\n REVENUE FROM OWN OPERATIONS \u00a0\n
\n Revenue from own operations is recognized at \u00a0 the point in time when the delivery is made to \u00a0the customer. \u00a0\n
\n Revenue from own operations refers to income generated from the sale of hydrogen, lease \u00a0or sale of hydrogen storage and fueling infra- \u00a0structure, and other product-related business \u00a0activities. \u00a0\n
\n Revenue is recognized at the point in time \u00a0 when the control of the goods is transferred to \u00a0the customer, typically upon delivery. \u00a0\n
\n o\n
\n BORROWING COSTS \u00a0\n
\n Borrowing cost directly attributable to the ac- \u00a0 quisition, construction or production of assets \u00a0that necessarily takes a substantial period to \u00a0get ready for its intended use are capitalized aspart of the cost of the assets. All other borrow-ing cost are expensed in the period in which \u00a0they occur. \u00a0\n
\n p\n
\n INCOME TAX \u00a0\n
\n The year\u2019s income tax expense or benefit \u00a0 comprises current tax and deferred tax. Current \u00a0and deferred tax are recognized as income or \u00a0an expense and included in the Consolidated \u00a0statement of comprehensive income, except to \u00a0the extent that the tax arises from a transac- \u00a0tion or event which is recognized, in the same \u00a0or a different year, directly in equity, or from a \u00a0business combination. \u00a0\n
\n The Group recognizes deductions for \u00a0 investment by applying the recognition and \u00a0measurement criteria of the assets for current \u00a0or deferred tax, unless they have the nature \u00a0of a grant. If the deductions have the nature \u00a0of a grant, they are recognized, presented \u00a0and valued by applying the corresponding \u00a0accounting policy. For these purposes, the \u00a0Group considers that the deductions whose \u00a0application is independent of the existence of a \u00a0positive integral fee and that have substantive \u00a0operational conditions additional to the \u00a0realization or maintenance of the investment \u00a0are subsidized. \u00a0\n
\n CURRENT TAX \u00a0\n
\n Current income tax assets and liabilities \u00a0 are measured at the amount expected to \u00a0be recovered from or paid to tax authorities \u00a0using the tax rates and tax laws enacted or \u00a0substantially enacted at the reporting date \u00a0where the consolidated entity is domiciled. \u00a0Management periodically evaluates positions \u00a0taken in tax returns with respect to situations in \u00a0which applicable tax regulations are subject to \u00a0interpretation and establishes provisions where \u00a0appropriate. \u00a0\n
\n The companies of the H2APEX Group are \u00a0 subject to German income tax respectively \u00a0Luxembourg income tax. \u00a0\n
\n DEFERRED TAX \u00a0\n
\n Deferred income tax is provided, using\u00a0the \u00a0 liability method, on all temporary differences \u00a0at the balance sheet date between the tax \u00a0bases of assets and liabilities and their carryingamounts for financial reporting purposes.Deferred tax liabilities are the amounts payablein the future as income tax related to taxable \u00a0temporary differences while deferred tax \u00a0assets are the amounts to be recovered as \u00a0income tax due to the existence of deductible \u00a0temporary differences, taxable negative tax \u00a0bases or deductions pending application. \u00a0\n
\n RECOGNITION OF DEFERRED \u00a0\n
\n TAX LIABILITIES \u00a0\n
\n The Group recognizes deferred tax liabilities in \u00a0 all cases except if: \u00a0\n
\n \u2022\n
\n when the deferred tax liability arises from \u00a0 the initial recognition of goodwill or an \u00a0asset or liability in a transaction that is \u00a0not a business combination and, at the \u00a0time of the transaction, affects neither the \u00a0accounting profit nor taxable profit or loss \u00a0and does not give rise to equal taxable and \u00a0deductible temporary differences \u00a0\n
\n \u2022\n
\n in respect of taxable temporary differences \u00a0 associated with investments in subsidiar- \u00a0ies, branches and associates and interests \u00a0in joint arrangements, when the timing of \u00a0the reversal of the temporary differences \u00a0can be controlled and it is probable that \u00a0the temporary differences will not reverse \u00a0in the foreseeable future. \u00a0\n
\n RECOGNITION OF DEFERRED TAX ASSETS \u00a0\n
\n Deferred tax assets are recognized for all \u00a0 deductible temporary differences, the carry for- \u00a0ward of unused tax credits and any unused tax \u00a0losses. Deferred tax assets are recognized to \u00a0the extent that it is probable that taxable profit \u00a0will be available against which the deductible \u00a0temporary differences, the carry forward of \u00a0unused tax credits and unused tax losses can \u00a0be utilized, except: \u00a0\n
\n \u2022\n
\n when the deferred tax asset arises from \u00a0 the initial recognition of an asset or liabil- \u00a0ity in a transaction that is not a business \u00a0combination, at the time of the transaction, \u00a0affects neither the accounting profit nor \u00a0taxable profit or loss and does not give rise \u00a0to equal taxable and deductible temporary \u00a0differences \u00a0\n
\n \u2022\n
\n in respect of deductible temporary dif- \u00a0 ferences associated with investments in \u00a0subsidiaries, associates and interests in \u00a0joint arrangements, deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that the temporary differences \u00a0will reverse in the foreseeable future and \u00a0taxable profit will be available against \u00a0which the temporary differences can be \u00a0utilized. \u00a0\n
\n It is considered probable that the Group has \u00a0 sufficient tax profits to recover deferred tax \u00a0assets, provided there are temporary differen- \u00a0ces taxable in sufficient amount, related to the \u00a0same tax authority and to the same taxpayer, \u00a0the reversal of which is expected in the same \u00a0fiscal year in which the deductible temporary \u00a0differences are expected to reverse or in years \u00a0in which a tax loss, arising from a deductible \u00a0temporary difference, can be offset by previous \u00a0or subsequent earnings. \u00a0\n
\n In order to determine future tax profits, the \u00a0 Group takes into account tax planning oppor- \u00a0tunities, provided that it intends to adopt them \u00a0or is probable to adopt them. \u00a0\n
\n OFFSETTING OF TAX ASSETS \u00a0\n
\n AND LIABILITIES \u00a0\n
\n The Group only offsets current tax assets\u00a0and \u00a0 liabilities if there is a legal right against the tax \u00a0authorities and intention to settle the resulting \u00a0tax due at their net amount or to realize the \u00a0assets and settle the liability simultaneously. \u00a0\n
\n q\n
\n CLASSIFICATION OF \u00a0\n
\n ASSETS AND LIABILITIES \u00a0\n
\n BETWEEN CURRENT AND \u00a0\n
\n NON-CURRENT \u00a0\n
\n The Group presents the consolidated state- \u00a0 ment of financial position classifying assets \u00a0and liabilities between current and non-current. \u00a0For these purposes, current assets or liabilities \u00a0are those that meet the following criteria: \u00a0\n
\n \u2022\n
\n Assets are classified as current when they \u00a0 are expected to be realized or there is an \u00a0intention to sell or consume them during \u00a0the normal operating cycle of the Group, \u00a0they are held primarily for the purpose of \u00a0trading, they are expected to be carried \u00a0out within a period of twelve months after \u00a0the reporting period or it is cash or cash \u00a0equivalents, unless the asset is restricted \u00a0from being exchanged or used to settle a \u00a0liability for at least twelve months after the \u00a0reporting period. All other assets are clas- \u00a0sified as non-current assets. \u00a0\n
\n \u2022\n
\n Liabilities are classified as current when \u00a0 they are expected to be settled in the nor- \u00a0mal operating cycle of the Group, they are \u00a0held primarily for the purpose of trading, \u00a0they are due to be settled within twelve \u00a0months after the reporting period, or\u00a0the \u00a0Group does not have the right at the end of \u00a0the reporting period to defer settlement of \u00a0the liability for at least twelve months after \u00a0the reporting period.. \u00a0\n
\n \u2022\n
\n Financial liabilities are classified as current \u00a0 when they must be settled within twelve \u00a0months after the reporting date, even if the \u00a0original term is for a period of more than \u00a0twelve months and there is a refinancing or \u00a0restructuring agreement for long-term pay- \u00a0ments that has been concluded after the \u00a0reporting date and before the consolidated \u00a0financial statements are authorized for \u00a0issue. \u00a0\n
\n \u2022\n
\n All other liabilities are classified as \u00a0 non- current liabilities. \u00a0\n
\n 3. SEGMENT INFORMATION \u00a0\n
\n For management purposes, the Group is organ- \u00a0 ised into business units based on its products \u00a0and services and has three reportable segments,as follows: \u00a0\n
\n PROJECT DEVELOPMENT \u00a0\n
\n The Project Development Segment includes all \u00a0 project development and system integration for \u00a0third-party hydrogen plants. The turnkey solu- \u00a0tions for the supply of hydrogen are modular, \u00a0techagnostic and tailor-made to comply with \u00a0complex and diverse customer requirements. \u00a0\n
\n OWN OPERATIONS \u00a0\n
\n The Own Operations Segment includes the pro- \u00a0 duction and selling of green hydrogen as well as \u00a0the derivatives electricity and heat generated at \u00a0its own hydrogen plants. \u00a0\n
\n STORAGE SEGMENT \u00a0\n
\n The Storage Segment includes the development \u00a0 and manufacturing of different hydrogen storage \u00a0systems. \u00a0\n
\n ALL OTHER SEGMENTS \u00a0\n
\n All other segments include costs for the holding \u00a0 and property companies and the acquisition and \u00a0management of properties mainly in connection \u00a0with the production of green hydrogen. \u00a0\n
\n The Executive Management Committee is \u00a0 the Chief Operating Decision Maker (CODM) \u00a0and monitors the operating results of its \u00a0business units separately for the purpose of \u00a0making decisions about resource allocation \u00a0and performance assessment. Segment \u00a0performance is evaluated based on pro\ufb01t or \u00a0loss and is measured consistently with pro\ufb01t or \u00a0loss in the consolidated \ufb01nancial statements. \u00a0Transfer prices between operating segments are \u00a0on an arm\u2019s length basis in a manner similar to \u00a0transactions with third parties. \u00a0\n
\n Inter-segment revenues are eliminated upon \u00a0 consolidation and re\ufb02ected in the adjustments \u00a0and eliminations\u2019 column. All other adjustments \u00a0and eliminations are part of detailed reconcilia- \u00a0tions presented further below. \u00a0\n
\n ADJUSTMENTS AND ELIMINATIONS \u00a0\n
\n Capital expenditure consists of additions of \u00a0 property, plant and equipment, intangible assetsand investment properties including assets from \u00a0\n
Earnings per share (EPS) is calculated by divid- \u00a0ing the pro\ufb01t attributable to the ordinary share- \u00a0holders of the company by the weighted average \u00a0number of ordinary shares outstanding during \u00a0the period excluding ordinary shares purchased \u00a0by the Company and held as Treasury Shares. \u00a0\n the acquisition of subsidiaries. Intersegment \u00a0 revenues are eliminated on consolidation. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43330_2024": {
"value": "\n \n a STATEMENT \u00a0\n
\n \n OF COMPLIANCE \u00a0\n
\n \n The consolidated financial statements of \u00a0 H2APEX Group S.C.A. are based on the \u00a0financial statements of the individual Group \u00a0entities, prepared in accordance with uniform \u00a0accounting principles as of 31 December \u00a02024. They have been prepared in accordance \u00a0with the International Financial Reporting \u00a0Standards (IFRS) as adopted by the European \u00a0Union (\u201cIFRS-EU\u201d), as well as the interpretationsissued by the IFRS Interpretations Committee \u00a0(\u201cIFRIC\u201d) applicable to entities reporting under \u00a0IFRS, and are in compliance with Luxembourg \u00a0legal requirements. \u00a0\n
\n \n The consolidated financial statements have \u00a0 been prepared under the historical cost \u00a0assumption. \u00a0\n
\n \n The accounting policies applied in the \u00a0 preparation of the consolidated financial \u00a0statements as of 31 December 2024 have beenupdated to reflect all new and amended IFRS \u00a0standards and IFRIC interpretations endorsed \u00a0by the European Union with an effective date in2024. \u00a0\n
\n ",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43349_2024": {
"value": "\n The consolidated financial statements of the \u00a0\n \n H2APEX Group S.C.A. as of 31 December 2024\n \n \n were approved for issuance by the Supervisory \u00a0\n \n Board and the General Partner of H2APEX \u00a0\n \n Group S.C.A. on 12 May 2025. \u00a0\n ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43403_2024": {
"value": "\n \n b GOING\u00a0CONCERN \u00a0\n
\n \n The consolidated \ufb01nancial statements of \u00a0 H2APEX Group S.C.A. as of 31 December 2024 \u00a0have been prepared on the going concern as- \u00a0sumption. The General Partner has assessed \u00a0the Group\u2019s ability to continue in operation for \u00a0the foreseeable future and adopted the going \u00a0concern basis in preparing these consolidated \u00a0\ufb01nancial statements. \u00a0\n
\n \n In doing so, the General Partner considered \u00a0 the Group\u2019s \ufb01nancial stability, supported by \u00a0predictable cash \ufb02ows from its ordinary business activities and positive expectations \u00a0regarding the development of its operations. \u00a0These factors, in combination with the Group\u2019s \u00a0long-term strategy and stable shareholder \u00a0structure, reinforce the going concern \u00a0assumption. \u00a0\n
\n \n The Group\u2019s internal liquidity planning indicates \u00a0 that, based on current assumptions, the \u00a0free cash position of H2APEX Group S.C.A. \u00a0could become negative during the second \u00a0half of 2025, with a projected low point of \u00a0approximately EUR (19.7) million in April 2026. \u00a0However, this anticipated temporary shortfall \u00a0has already been proactively addressed through \u00a0binding \ufb01nancial support measures. \u00a0\n
\n \n In April 2025, the Group secured two signi\ufb01cant \u00a0 \ufb01nancing commitments: a EUR 15 million \u00a0comfort letter from a shareholder of the Atlan \u00a0Group, con\ufb01rming their intention to provide \u00a0\ufb01nancial support if needed, and a EUR 20 \u00a0million convertible loan agreement with \u00a0Active Ownership Fund SICAV-FIS SCS. These \u00a0arrangements underline the strong support from \u00a0the Group\u2019s shareholder base and secure access \u00a0to suf\ufb01cient liquidity. \u00a0\n
\n \n Management is con\ufb01dent that the Group will \u00a0 be able to draw on these committed funds in a \u00a0timely manner to meet its obligations as they \u00a0fall due. The Group closely monitors its liquidity \u00a0position and maintains regular communication \u00a0with its investors to ensure \ufb01nancial \ufb02exibility. \u00a0No material uncertainties have been identi\ufb01ed \u00a0that would cast signi\ufb01cant doubt on the Group\u2019s \u00a0ability to continue as a going concern. Based onthis assessment, the General Partner concludedthat the going concern assumption is appropri- \u00a0ate. \u00a0\n
\n Despite incurring a loss of EUR 27.8 million in \u00a0 the \ufb01nancial year 2024 and expecting further \u00a0losses in 2025, the Group\u2019s liquidity assessment,combined with binding \ufb01nancial support com-mitments, supports the continued application ofthe going concern assumption. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43338_2024": {
"value": "\n The presentation of financial lease liabilities \u00a0 in the balance sheet has been changed in \u00a0accordance with IAS 1.45 since the presentation \u00a0as a separate poistion is more appropriate. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43344_2024": {
"value": "\n d SIGNIFICANT \u00a0\n
\n ACCOUNTING ESTIMATES \u00a0\n
\n AND KEY ASSUMPTIONS \u00a0\n
\n AND JUDGEMENTS WHEN \u00a0\n
\n APPLYING ACCOUNTING \u00a0\n
\n POLICIES \u00a0\n
\n In preparing the consolidated financial \u00a0 statements in accordance with IFRS as \u00a0adopted by the EU, the General Partner is \u00a0required to apply accounting estimates, \u00a0judgments, and assumptions that are \u00a0consistent with the Group\u2019s accounting policies. \u00a0The following is a summary of those areas that \u00a0involve a higher degree of judgment, greater \u00a0\n
\n complexity, or assumptions and estimates \u00a0 that are material to the preparation of the \u00a0consolidated financial statements: \u00a0\n
\n IMPAIRMENT OF NON-CURRENT ASSETS \u00a0 (SEE NOTES\u00a02. G) \u00a0\n
\n In accordance with applicable accounting \u00a0 standards, the Group performs impairment \u00a0tests at least annually or whenever a triggering \u00a0event occurs. These tests assess the future \u00a0development of the business and determine the \u00a0most appropriate discount rates for each case. \u00a0\n
\n The Group considers its estimates to be \u00a0 reasonable\u00a0and consistent with the prevailing \u00a0economic environment. These estimates \u00a0reflect its investment plans as well as the best \u00a0available projections of future income and \u00a0expenses. The discount rates applied are, in \u00a0the Group\u2019s view, appropriate and adequately \u00a0reflect the specific risks associated with each \u00a0cash-generating unit. \u00a0\n
\n USEFUL LIFE OF TANGIBLE ASSETS AND \u00a0 INTANGIBLE ASSETS (SEE NOTES 2.2 D AND \u00a0E) \u00a0\n
\n The General Partner determines the estimated \u00a0 useful lives and corresponding depreciation \u00a0and amortization for its tangible assets and \u00a0intangible assets. This estimate is based on \u00a0the expected duration of each of the Group\u2019s \u00a0tangible assets and intangible assets and \u00a0the forecast life cycles of the products it \u00a0sells. The General Partner will modify the \u00a0depreciation charges for these items when the \u00a0useful lives are considered to differ from the \u00a0lives previously estimated and will depreciate \u00a0or derecognize technically obsolete or non- \u00a0strategic assets that have been abandoned or \u00a0sold. \u00a0\n
\n INCOME TAXES AND DEFERRED TAXES (SEE \u00a0 NOTE 10) \u00a0\n
\n The recognition and measurement of current \u00a0 and deferred income taxes require significant \u00a0judgment and estimation. Deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that future taxable profit will be \u00a0available against which deductible temporary \u00a0differences, unused tax losses, or tax credits \u00a0can be utilized. \u00a0\n
\n This assessment involves assumptions \u00a0 regarding the timing and amount of future \u00a0taxable income and is based on business \u00a0plans and financial forecasts approved by the \u00a0General Partner. The recoverability of deferred \u00a0tax assets is reassessed at each reporting \u00a0date. \u00a0\n
\n If actual results differ from those assumptions \u00a0 or if future expectations are revised, this may \u00a0lead to adjustments to the recognized deferred \u00a0tax assets. In addition, the Group evaluates \u00a0uncertain tax positions and recognizes a tax \u00a0liability where it is probable that an outflow \u00a0of resources will be required to settle the \u00a0obligation. \u00a0\n
\n PROVISIONS FOR RISKS AND EXPENSES \u00a0 (SEE NOTE 2.2M, NOTE 18) \u00a0\n
\n Although these estimates have been made \u00a0 using the best information available as of \u00a031 December 2024 and up to the end of the \u00a0subsequent events period, it remains possible \u00a0that events occurring thereafter may require \u00a0adjustments in future periods. Any such \u00a0changes would be accounted for prospectively. \u00a0\n
\n REVENUE FROM PROJECT DEVELOPMENT \u00a0 (SEE NOTE 2.2N, NOTE 24) \u00a0\n
\n The Group recognizes revenue from project \u00a0 development over time. Progress is measured \u00a0using an input-based approach, applying the \u00a0cost-to-cost method. Under this method, \u00a0revenue is recognized based on the ratio of \u00a0costs incurred to date to the total estimated \u00a0costs necessary to fulfil the performance \u00a0obligation. \u00a0\n
\n The Group regularly assesses whether a \u00a0 contract is onerous and recognizes a provision \u00a0where necessary in accordance with applicable \u00a0accounting standards. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43340_2024": {
"value": "\n d SIGNIFICANT \u00a0\n
\n ACCOUNTING ESTIMATES \u00a0\n
\n AND KEY ASSUMPTIONS \u00a0\n
\n AND JUDGEMENTS WHEN \u00a0\n
\n APPLYING ACCOUNTING \u00a0\n
\n POLICIES \u00a0\n
\n In preparing the consolidated financial \u00a0 statements in accordance with IFRS as \u00a0adopted by the EU, the General Partner is \u00a0required to apply accounting estimates, \u00a0judgments, and assumptions that are \u00a0consistent with the Group\u2019s accounting policies. \u00a0The following is a summary of those areas that \u00a0involve a higher degree of judgment, greater \u00a0\n
\n complexity, or assumptions and estimates \u00a0 that are material to the preparation of the \u00a0consolidated financial statements: \u00a0\n
\n IMPAIRMENT OF NON-CURRENT ASSETS \u00a0 (SEE NOTES\u00a02. G) \u00a0\n
\n In accordance with applicable accounting \u00a0 standards, the Group performs impairment \u00a0tests at least annually or whenever a triggering \u00a0event occurs. These tests assess the future \u00a0development of the business and determine the \u00a0most appropriate discount rates for each case. \u00a0\n
\n The Group considers its estimates to be \u00a0 reasonable\u00a0and consistent with the prevailing \u00a0economic environment. These estimates \u00a0reflect its investment plans as well as the best \u00a0available projections of future income and \u00a0expenses. The discount rates applied are, in \u00a0the Group\u2019s view, appropriate and adequately \u00a0reflect the specific risks associated with each \u00a0cash-generating unit. \u00a0\n
\n USEFUL LIFE OF TANGIBLE ASSETS AND \u00a0 INTANGIBLE ASSETS (SEE NOTES 2.2 D AND \u00a0E) \u00a0\n
\n The General Partner determines the estimated \u00a0 useful lives and corresponding depreciation \u00a0and amortization for its tangible assets and \u00a0intangible assets. This estimate is based on \u00a0the expected duration of each of the Group\u2019s \u00a0tangible assets and intangible assets and \u00a0the forecast life cycles of the products it \u00a0sells. The General Partner will modify the \u00a0depreciation charges for these items when the \u00a0useful lives are considered to differ from the \u00a0lives previously estimated and will depreciate \u00a0or derecognize technically obsolete or non- \u00a0strategic assets that have been abandoned or \u00a0sold. \u00a0\n
\n INCOME TAXES AND DEFERRED TAXES (SEE \u00a0 NOTE 10) \u00a0\n
\n The recognition and measurement of current \u00a0 and deferred income taxes require significant \u00a0judgment and estimation. Deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that future taxable profit will be \u00a0available against which deductible temporary \u00a0differences, unused tax losses, or tax credits \u00a0can be utilized. \u00a0\n
\n This assessment involves assumptions \u00a0 regarding the timing and amount of future \u00a0taxable income and is based on business \u00a0plans and financial forecasts approved by the \u00a0General Partner. The recoverability of deferred \u00a0tax assets is reassessed at each reporting \u00a0date. \u00a0\n
\n If actual results differ from those assumptions \u00a0 or if future expectations are revised, this may \u00a0lead to adjustments to the recognized deferred \u00a0tax assets. In addition, the Group evaluates \u00a0uncertain tax positions and recognizes a tax \u00a0liability where it is probable that an outflow \u00a0of resources will be required to settle the \u00a0obligation. \u00a0\n
\n PROVISIONS FOR RISKS AND EXPENSES \u00a0 (SEE NOTE 2.2M, NOTE 18) \u00a0\n
\n Although these estimates have been made \u00a0 using the best information available as of \u00a031 December 2024 and up to the end of the \u00a0subsequent events period, it remains possible \u00a0that events occurring thereafter may require \u00a0adjustments in future periods. Any such \u00a0changes would be accounted for prospectively. \u00a0\n
\n REVENUE FROM PROJECT DEVELOPMENT \u00a0 (SEE NOTE 2.2N, NOTE 24) \u00a0\n
\n The Group recognizes revenue from project \u00a0 development over time. Progress is measured \u00a0using an input-based approach, applying the \u00a0cost-to-cost method. Under this method, \u00a0revenue is recognized based on the ratio of \u00a0costs incurred to date to the total estimated \u00a0costs necessary to fulfil the performance \u00a0obligation. \u00a0\n
\n The Group regularly assesses whether a \u00a0 contract is onerous and recognizes a provision \u00a0where necessary in accordance with applicable \u00a0accounting standards. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43339_2024": {
"value": "\n d SIGNIFICANT \u00a0\n \n ACCOUNTING ESTIMATES \u00a0\n \n AND KEY ASSUMPTIONS \u00a0\n \n AND JUDGEMENTS WHEN \u00a0\n \n APPLYING ACCOUNTING \u00a0\n \n POLICIES \u00a0\n \n In preparing the consolidated financial \u00a0 statements in accordance with IFRS as \u00a0adopted by the EU, the General Partner is \u00a0required to apply accounting estimates, \u00a0judgments, and assumptions that are \u00a0consistent with the Group\u2019s accounting policies. \u00a0The following is a summary of those areas that \u00a0involve a higher degree of judgment, greater \u00a0\n \n complexity, or assumptions and estimates \u00a0 that are material to the preparation of the \u00a0consolidated financial statements: \u00a0\n \n IMPAIRMENT OF NON-CURRENT ASSETS \u00a0 (SEE NOTES\u00a02. G) \u00a0\n \n In accordance with applicable accounting \u00a0 standards, the Group performs impairment \u00a0tests at least annually or whenever a triggering \u00a0event occurs. These tests assess the future \u00a0development of the business and determine the \u00a0most appropriate discount rates for each case. \u00a0\n \n The Group considers its estimates to be \u00a0 reasonable\u00a0and consistent with the prevailing \u00a0economic environment. These estimates \u00a0reflect its investment plans as well as the best \u00a0available projections of future income and \u00a0expenses. The discount rates applied are, in \u00a0the Group\u2019s view, appropriate and adequately \u00a0reflect the specific risks associated with each \u00a0cash-generating unit. \u00a0\n \n USEFUL LIFE OF TANGIBLE ASSETS AND \u00a0 INTANGIBLE ASSETS (SEE NOTES 2.2 D AND \u00a0E) \u00a0\n \n The General Partner determines the estimated \u00a0 useful lives and corresponding depreciation \u00a0and amortization for its tangible assets and \u00a0intangible assets. This estimate is based on \u00a0the expected duration of each of the Group\u2019s \u00a0tangible assets and intangible assets and \u00a0the forecast life cycles of the products it \u00a0sells. The General Partner will modify the \u00a0depreciation charges for these items when the \u00a0useful lives are considered to differ from the \u00a0lives previously estimated and will depreciate \u00a0or derecognize technically obsolete or non- \u00a0strategic assets that have been abandoned or \u00a0sold. \u00a0\n \n INCOME TAXES AND DEFERRED TAXES (SEE \u00a0 NOTE 10) \u00a0\n \n The recognition and measurement of current \u00a0 and deferred income taxes require significant \u00a0judgment and estimation. Deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that future taxable profit will be \u00a0available against which deductible temporary \u00a0differences, unused tax losses, or tax credits \u00a0can be utilized. \u00a0\n \n This assessment involves assumptions \u00a0 regarding the timing and amount of future \u00a0taxable income and is based on business \u00a0plans and financial forecasts approved by the \u00a0General Partner. The recoverability of deferred \u00a0tax assets is reassessed at each reporting \u00a0date. \u00a0\n \n If actual results differ from those assumptions \u00a0 or if future expectations are revised, this may \u00a0lead to adjustments to the recognized deferred \u00a0tax assets. In addition, the Group evaluates \u00a0uncertain tax positions and recognizes a tax \u00a0liability where it is probable that an outflow \u00a0of resources will be required to settle the \u00a0obligation. \u00a0\n \n PROVISIONS FOR RISKS AND EXPENSES \u00a0 (SEE NOTE 2.2M, NOTE 18) \u00a0\n \n Although these estimates have been made \u00a0 using the best information available as of \u00a031 December 2024 and up to the end of the \u00a0subsequent events period, it remains possible \u00a0that events occurring thereafter may require \u00a0adjustments in future periods. Any such \u00a0changes would be accounted for prospectively. \u00a0\n \n REVENUE FROM PROJECT DEVELOPMENT \u00a0 (SEE NOTE 2.2N, NOTE 24) \u00a0\n \n The Group recognizes revenue from project \u00a0 development over time. Progress is measured \u00a0using an input-based approach, applying the \u00a0cost-to-cost method. Under this method, \u00a0revenue is recognized based on the ratio of \u00a0costs incurred to date to the total estimated \u00a0costs necessary to fulfil the performance \u00a0obligation. \u00a0\n \n The Group regularly assesses whether a \u00a0 contract is onerous and recognizes a provision \u00a0where necessary in accordance with applicable \u00a0accounting standards. \u00a0\n ",
"dimensions": {
"concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43361_2024": {
"value": "\n e\n
\n THE ACCOUNTING PRINCIPLES APPLIED TO THE \u00a0\n
\n CONSOLIDATED FINANCIAL STATEMENTS \u00a0\n
\n AT 31 DECEMBER 2024 HAVE BEEN AMENDED TO COMPLY \u00a0\n
\n WITH ALL NEW AND AMENDED IFRS STANDARDS AND \u00a0\n
\n INTERPRETATIONS ADOPTED BY THE EUROPEAN UNION \u00a0\n
\n (EU) WITH EFFECTIVE DATE IN 2024 \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | STANDARD | \n Name | \n Explanation | \n Effective date | \n Effects on H2APEX | \n
\n \n | \n | \n | \n | \n \ufb01nancial statements | \n
\n \n | \n | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | \n | \n Liabilities as Current or | \n | \n | \n
\n \n | \n Classi\ufb01cation of | \n Non-current Date | \n | \n | \n
\n \n | \n liabilities as current | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | IAS 1 | \n or non-current | \n Liabilities as Current or | \n 01 January 2024 | \n no material impact | \n
\n \n | \n amendments to IAS | \n Non-current - Deferral | \n | \n | \n
\n \n | \n 1 Presentation of | \n of Effective Date | \n | \n | \n
\n \n | \n \ufb01nancial statements | \n \u2022 Non-current | \n | \n | \n
\n \n | \n | \n Liabilities with | \n | \n | \n
\n \n | \n | \n Covenants | \n | \n | \n
\n \n | \n Supplier \ufb01nance | \n | \n | \n | \n
\n \n | IAS 7 & | \n agreements \u2013 | \n Disclosures: Supplier | \n 01 January 2024 | \n no material impact | \n
\n \n | IFRS 7 | \n amendments to IAS 7 | \n Finance Arrangements | \n | \n | \n
\n \n | \n and IFRS 7 | \n | \n | \n | \n
\n \n | \n Amendment to IFRS | \n Lease Liability in a Sale | \n | \n | \n
\n \n | IFRS 16 | \n 16 - Leases on sale and | \n and Leaseback | \n 01 January 2024 | \n no material impact | \n
\n \n | \n leaseback | \n | \n | \n | \n
\n \n
\n
\n e\n
\n THE ACCOUNTING PRINCIPLES APPLIED TO THE \u00a0\n
\n CONSOLIDATED FINANCIAL STATEMENTS \u00a0\n
\n AT 31 DECEMBER 2024 HAVE BEEN AMENDED TO COMPLY \u00a0\n
\n WITH ALL NEW AND AMENDED IFRS STANDARDS AND \u00a0\n
\n INTERPRETATIONS ADOPTED BY THE EUROPEAN UNION \u00a0\n
\n (EU) WITH EFFECTIVE DATE IN 2024 \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | STANDARD | \n Name | \n Explanation | \n Effective date | \n Effects on H2APEX | \n
\n \n | \n | \n | \n | \n \ufb01nancial statements | \n
\n \n | \n | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | \n | \n Liabilities as Current or | \n | \n | \n
\n \n | \n Classi\ufb01cation of | \n Non-current Date | \n | \n | \n
\n \n | \n liabilities as current | \n \u2022 Classi\ufb01cation\u00a0of | \n | \n | \n
\n \n | IAS 1 | \n or non-current | \n Liabilities as Current or | \n 01 January 2024 | \n no material impact | \n
\n \n | \n amendments to IAS | \n Non-current - Deferral | \n | \n | \n
\n \n | \n 1 Presentation of | \n of Effective Date | \n | \n | \n
\n \n | \n \ufb01nancial statements | \n \u2022 Non-current | \n | \n | \n
\n \n | \n | \n Liabilities with | \n | \n | \n
\n \n | \n | \n Covenants | \n | \n | \n
\n \n | \n Supplier \ufb01nance | \n | \n | \n | \n
\n \n | IAS 7 & | \n agreements \u2013 | \n Disclosures: Supplier | \n 01 January 2024 | \n no material impact | \n
\n \n | IFRS 7 | \n amendments to IAS 7 | \n Finance Arrangements | \n | \n | \n
\n \n | \n and IFRS 7 | \n | \n | \n | \n
\n \n | \n Amendment to IFRS | \n Lease Liability in a Sale | \n | \n | \n
\n \n | IFRS 16 | \n 16 - Leases on sale and | \n and Leaseback | \n 01 January 2024 | \n no material impact | \n
\n \n | \n leaseback | \n | \n | \n | \n
\n \n
\n
\n g FUNCTIONAL\u00a0AND \u00a0\n
\n PRESENTATION \u00a0\n
\n CURRENCY \u00a0\n
\n The figures presented in these consolidated \u00a0 financial statements are expressed in Euro \u00a0(\u201cEUR\u201d), which is also the functional currency of \u00a0the parent company. Unless otherwise stated, \u00a0all amounts have been rounded to the nearest \u00a0thousand (kEUR). \u00a0\n
\n Items in the financial statements of the Group\u2019s \u00a0 subsidiaries are measured in the currency of \u00a0the primary economic environment in which \u00a0the respective entity operates (the \u201cfunctional \u00a0currency\u201d). Each Group entity determines\u00a0its \u00a0own functional currency, which, in principle, \u00a0corresponds to the respective local currency of \u00a0the subsidiary. \u00a0\n
\n Foreign currency transactions are translated \u00a0 into the functional currency at the exchange \u00a0rates prevailing on the date of the transaction. \u00a0Resulting foreign exchange differences \u00a0are recognized in the consolidated income \u00a0statement. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43516_2024": {
"value": "\n g FUNCTIONAL\u00a0AND \u00a0\n
\n PRESENTATION \u00a0\n
\n CURRENCY \u00a0\n
\n The figures presented in these consolidated \u00a0 financial statements are expressed in Euro \u00a0(\u201cEUR\u201d), which is also the functional currency of \u00a0the parent company. Unless otherwise stated, \u00a0all amounts have been rounded to the nearest \u00a0thousand (kEUR). \u00a0\n
\n Items in the financial statements of the Group\u2019s \u00a0 subsidiaries are measured in the currency of \u00a0the primary economic environment in which \u00a0the respective entity operates (the \u201cfunctional \u00a0currency\u201d). Each Group entity determines\u00a0its \u00a0own functional currency, which, in principle, \u00a0corresponds to the respective local currency of \u00a0the subsidiary. \u00a0\n
\n Foreign currency transactions are translated \u00a0 into the functional currency at the exchange \u00a0rates prevailing on the date of the transaction. \u00a0Resulting foreign exchange differences \u00a0are recognized in the consolidated income \u00a0statement. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43468_2024": {
"value": "\n * Still registered as Titan 128.VVG GmbH (renamed after balance sheet date) \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n | \n | \n Directly | \n | \n | \n
\n \n | \n | \n | \n Year of | \n | \n | \n controlled by | \n | \n | \n
\n \n | \n | \n | \n acquisition / | \n | \n | \n (use numbers | \n | \n | \n
\n \n | \n | \n | \n \ufb01rst time | \n | \n | \n from 1st | \n Share in the | \n Share of | \n
\n \n | Ref. | \n Company | \n Country | \n consolidation | \n Segment | \n Activity | \n column) | \n capital | \n the votes | \n
\n \n | 1 | \n H2APEX Group SCA | \n LUX | \n 2023 | \n C&O | \n Holding | \n N/A | \n N/A | \n N/A | \n
\n \n | 2 | \n RLG Holding GmbH | \n GER | \n 2023 | \n Holding | \n Corporate | \n 1 | \n 100% | \n 100% | \n
\n \n | 3 | \n RLG GmbH & Co.KG | \n GER | \n 2023 | \n Holding | \n Corporate | \n 2 | \n 100% | \n 100% | \n
\n \n | 4 | \n Northern Hydrogen Proper- | \n GER | \n 2023 | \n Holding | \n Corporate | \n 3 | \n 100% | \n 100% | \n
\n \n | \n ties GmbH | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | 5 | \n APEX CapitalGmbH | \n GER | \n 2023 | \n Holding | \n Corporate | \n 2 | \n 100% | \n 100% | \n
\n \n | 6 | \n APEX Nova Holding GmbH | \n GER | \n 2019 | \n Holding | \n Holding | \n 1 | \n 100% | \n 100% | \n
\n \n | 7 | \n HydroExceed GmbH | \n GER | \n 2022 | \n Storage | \n Production of pressure tanks | \n 6 | \n 100% | \n 100% | \n
\n \n | 8 | \n AKROS Energy GmbH | \n GER | \n 2020 | \n Storage | \n Development of chemical | \n 6 | \n 100% | \n 100% | \n
\n \n | \n | \n | \n | \n | \n storage solutions | \n | \n | \n | \n
\n \n | 9 | \n GHS 1 GmbH | \n GER | \n 2020 | \n Own Operations | \n Hydrogene Powerplant Laage | \n 6 | \n 100% | \n 100% | \n
\n \n | 10 | \n GHS 2 GmbH | \n GER | \n 2020 | \n Own Operations | \n Hydrogene Powerplant IPCEI | \n 6 | \n 100% | \n 100% | \n
\n \n | \n | \n | \n | \n | \n Hydrogene Powerplant Laage | \n | \n | \n | \n
\n \n | 11 | \n GHS 3 GmbH | \n GER | \n 2020 | \n Own Operations | \n (extention) | \n 6 | \n 100% | \n 100% | \n
\n \n | 12 | \n GHS 4 GmbH (*) | \n GER | \n 2023 | \n Own Operations | \n Hydrogene Powerplant Lubmin | \n 6 | \n 100% | \n 100% | \n
\n \n | 13 | \n APEX Energy GmbH | \n GER | \n 2006 | \n Project Developmet | \n Customer Projects | \n 6 | \n 100% | \n 100% | \n
\n \n | 14 | \n HYSENC Entwicklungsgesell- | \n GER | \n 2021 | \n Own Operations | \n Hydrogene Powerplant control | \n 13 | \n 100% | \n 100% | \n
\n \n | \n schaft mbH | \n | \n | \n | \n software | \n | \n | \n | \n
\n \n | 15 | \n Plant Engineering GmbH | \n GER | \n 2023 | \n Project Developmet | \n Customer Projects | \n 13 | \n 90% | \n 90% | \n
\n \n
\n
\n * Still registered as Titan 128.VVG GmbH (renamed after balance sheet date) \u00a0\n
\n h SCOPE\u00a0OF \u00a0\n
\n CONSOLIDATION \u00a0\n
\n The following are the entities included in the \u00a0 parent\u2019s company scope of consolidation: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n | \n | \n Directly | \n | \n | \n
\n \n | \n | \n | \n Year of | \n | \n | \n controlled by | \n | \n | \n
\n \n | \n | \n | \n acquisition / | \n | \n | \n (use numbers | \n | \n | \n
\n \n | \n | \n | \n \ufb01rst time | \n | \n | \n from 1st | \n Share in the | \n Share of | \n
\n \n | Ref. | \n Company | \n Country | \n consolidation | \n Segment | \n Activity | \n column) | \n capital | \n the votes | \n
\n \n | 1 | \n H2APEX Group SCA | \n LUX | \n 2023 | \n C&O | \n Holding | \n N/A | \n N/A | \n N/A | \n
\n \n | 2 | \n RLG Holding GmbH | \n GER | \n 2023 | \n Holding | \n Corporate | \n 1 | \n 100% | \n 100% | \n
\n \n | 3 | \n RLG GmbH & Co.KG | \n GER | \n 2023 | \n Holding | \n Corporate | \n 2 | \n 100% | \n 100% | \n
\n \n | 4 | \n Northern Hydrogen Proper- | \n GER | \n 2023 | \n Holding | \n Corporate | \n 3 | \n 100% | \n 100% | \n
\n \n | \n ties GmbH | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | 5 | \n APEX CapitalGmbH | \n GER | \n 2023 | \n Holding | \n Corporate | \n 2 | \n 100% | \n 100% | \n
\n \n | 6 | \n APEX Nova Holding GmbH | \n GER | \n 2019 | \n Holding | \n Holding | \n 1 | \n 100% | \n 100% | \n
\n \n | 7 | \n HydroExceed GmbH | \n GER | \n 2022 | \n Storage | \n Production of pressure tanks | \n 6 | \n 100% | \n 100% | \n
\n \n | 8 | \n AKROS Energy GmbH | \n GER | \n 2020 | \n Storage | \n Development of chemical | \n 6 | \n 100% | \n 100% | \n
\n \n | \n | \n | \n | \n | \n storage solutions | \n | \n | \n | \n
\n \n | 9 | \n GHS 1 GmbH | \n GER | \n 2020 | \n Own Operations | \n Hydrogene Powerplant Laage | \n 6 | \n 100% | \n 100% | \n
\n \n | 10 | \n GHS 2 GmbH | \n GER | \n 2020 | \n Own Operations | \n Hydrogene Powerplant IPCEI | \n 6 | \n 100% | \n 100% | \n
\n \n | \n | \n | \n | \n | \n Hydrogene Powerplant Laage | \n | \n | \n | \n
\n \n | 11 | \n GHS 3 GmbH | \n GER | \n 2020 | \n Own Operations | \n (extention) | \n 6 | \n 100% | \n 100% | \n
\n \n | 12 | \n GHS 4 GmbH (*) | \n GER | \n 2023 | \n Own Operations | \n Hydrogene Powerplant Lubmin | \n 6 | \n 100% | \n 100% | \n
\n \n | 13 | \n APEX Energy GmbH | \n GER | \n 2006 | \n Project Developmet | \n Customer Projects | \n 6 | \n 100% | \n 100% | \n
\n \n | 14 | \n HYSENC Entwicklungsgesell- | \n GER | \n 2021 | \n Own Operations | \n Hydrogene Powerplant control | \n 13 | \n 100% | \n 100% | \n
\n \n | \n schaft mbH | \n | \n | \n | \n software | \n | \n | \n | \n
\n \n | 15 | \n Plant Engineering GmbH | \n GER | \n 2023 | \n Project Developmet | \n Customer Projects | \n 13 | \n 90% | \n 90% | \n
\n \n
\n
\n The following changes occurred in the Group\u2019s \u00a0 scope of consolidation in 2024: \u00a0\n
\n On 27 November 2024, exceet Group\u00a0AG, \u00a0 a subsidiary of exceet Holding S.\u00e0 r.l., was \u00a0merged into exceet Holding S.\u00e0 r.l. Pursuant \u00a0to a notarial deed dated 16 December 2024, \u00a0exceet Holding S.\u00e0 r.l. was dissolved with \u00a0immediate effect and without liquidation. As a \u00a0result, all assets and liabilities were transferred \u00a0by operation of law to H2APEX Group SCA. \u00a0\n
\n The following changes occurred in the Group\u2019s \u00a0 scope of consolidation in 2023: \u00a0\n
\n a SCOPE\u00a0OF \u00a0\n
\n CONSOLIDATION \u00a0\n
\n The consolidated \ufb01nancial statements include \u00a0 the \ufb01nancial statements of H2APEX Group S.C.A.and its subsidiaries as at 31 December 2024. \u00a0The Group is deemed to control an entity when \u00a0it is exposed to, or has rights to, variable returns \u00a0arising from its involvement with the entity and \u00a0has the ability to affect those returns through itspower over the entity. \u00a0\n
\n Entities acquired during the year are included in \u00a0 the consolidation from the date on which controlis transferred to the Group. Similarly, entities \u00a0are excluded from consolidation from the date \u00a0on which control ceases. For consolidated \u00a0entities, 100% of their assets, liabilities, income, \u00a0and expenses are included in the consolidated \u00a0\ufb01nancial statements. Intercompany balances \u00a0and transactions are eliminated in full. \u00a0\n
\n Where differences in accounting policies \u00a0 exist between the Group and its subsidiaries, \u00a0appropriate consolidation adjustments are madeto ensure uniform application of accounting \u00a0principles across the Group. \u00a0\n
\n When control over a subsidiary is lost, its assets, \u00a0 liabilities, and any non-controlling interests \u00a0are derecognized. Any resulting gain or loss is \u00a0recognized in the consolidated statement of \u00a0income. Any retained interest is measured at its \u00a0fair value at the date when control is lost. \u00a0\n
\n The accounting policies of subsidiaries have \u00a0 been aligned with those of the Group to ensure \u00a0consistent treatment of similar transactions and \u00a0events. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43356_2024": {
"value": "\n i\n
\n ACQUISITION OF \u00a0\n
\n BUSINESS IN 2023 \u00a0\n
\n The presented transactions below only relate to \u00a0 financial year 2023. There were no acquisition \u00a0of business in 2024. \u00a0\n
\n i1 REVERSE\u00a0ACQUISITION OF \u00a0\n
\n EXCEET GROUP S.C.A. \u00a0\n
\n The merger agreement between exceet Group \u00a0 S.C.A. (as from 18 January 2024: \u201cH2APEX \u00a0Group S.C.A.\u201d) and Apex Nova Holding GmbH \u00a0has been accounted as reverse acquisition: On \u00a019 January 2023, exceet Group S.C.A. acquired \u00a0100 % of the voting shares of APEX Nova Hold- \u00a0ing GmbH, an unlisted company with registered \u00a0office in Rostock, Germany, which is a one of \u00a0the leading German providers for green hydro- \u00a0gen projects and business. The objective of \u00a0the acquisition is to participate in the expected \u00a0growth for this market. \u00a0\n
\n Under the merger agreement, exceet Group \u00a0 S.C.A. agreed (i) to acquire 20.8% of the\u00a0APEX \u00a0shares for a cash consideration in the amount \u00a0of EUR 24,999,802 and (ii) to exchange the \u00a0\n
\n remaining 79.2% shares in Apex for shares \u00a0 in exceet by way of a contribution in kind \u00a0(the \u201cTransaction\u201d). For this purpose, exceet \u00a0Group S.C.A. agreed to utilise its authorised \u00a0capital and increase its share capital from \u00a0EUR 311,960.18 by EUR 252,424.73 to EUR \u00a0564,384.91 by issuing 16,285,467 new shares \u00a0to the shareholders of APEX. \u00a0\n
\n Based on this Transaction, exceet Group S.C.A. \u00a0 has been identified as acquired company \u00a0from accounting perspective (\u201caccounting \u00a0acquiree\u201d) and the legal subsidiary APEX Nova \u00a0Holding GmbH is identified as accounting \u00a0acquirer as by exchanging shares, APEX Nova \u00a0Holding GmbH obtained the control over exceet \u00a0Group S.C.A.. We considered the fact that the \u00a0former shareholders of APEX Nova Holding \u00a0GmbH received the largest portion of the \u00a0voting rights in the new combined entity and \u00a0that the relative size of APEX Nova Holding \u00a0GmbH is significantly greater than that of \u00a0exceet Group S.C.A. In addition, members \u00a0of the management of APEX Nova Holding \u00a0GmbH were nominated to the governing body \u00a0of the combined entity as well the operative \u00a0management is led by the former managementof APEX Nova Holding GmbH. \u00a0\n
\n The partial consideration transfer in cash does \u00a0 not to prevent the accounting treatment as \u00a0reverse acquisition as the 79.2% of shares in \u00a0Apex were exchanged against shares exceet \u00a0Group S.C.A. which is the majority of the \u00a0consideration of this Transaction. \u00a0\n
\n The accounting acquiree exceet Group \u00a0 S.C.A. is not considered to be a business in \u00a0accordance with IFRS 3.B7 as its activities \u00a0mainly consisted of managing cash balances \u00a0as part of its holding activity (\u2018listed shell \u00a0company\u2019). Therefore, IFRS 3 does not \u00a0apply and following the IFRIC March 2023 \u00a0agenda decision, management applied IAS\u00a08 \u00a0\u201cAccounting Policies, Changes in Accounting \u00a0Policies and Errors\u201d to define this Transaction \u00a0\n
\n as a reverse acquisition in analogy of IFRS \u00a0 3 and in accordance with IFRS 10. The \u00a0reverse acquisition is accounted for using the \u00a0acquisition method. The transaction price \u00a0is allocated to the identifiable assets and \u00a0liabilities of the listed shell company based on \u00a0their fair values at the date of purchase. Any \u00a0excess of the transaction price over the fair \u00a0value of the assets and liabilities of the listed \u00a0shell company represents a cost for obtaining a \u00a0listing. This is accounted for as an expense as \u00a0it does not represent an asset under IFRS, and \u00a0no goodwill is recognized. \ua880 \u00a0\ua880\n
\n H2APEX GROUP SCA CONSOLIDATED \u00a0 FINANCIAL STATEMENTS \u00a0\n
\n For purposes of the Transaction, exceet Group \u00a0 S.C.A. was valued with its net cash position \u00a0of approx. EUR 117,100,000 (corresponding \u00a0to EUR 5.83 per exceet share) and the APEX \u00a0Group with an equity value of approx. EUR \u00a0120,000,000 in financial year 2023. Acquisition \u00a0related expenses amounted to kEUR 2,993 (ac- \u00a0crued already in 2022) and were fully expensed \u00a0as other operating expenses in financial year \u00a02023. Share issuance costs of kEUR 307 were \u00a0recorded in equity in\u00a02023. \u00a0\n
\n Additionally, this Transaction was completed \u00a0by a share-based payment transaction. The \u00a0equity-settled transaction has been measured \u00a0at fair value of the services provided by Lien \u00a0Management & Holding GmbH, which is\u00a0con- \u00a0trolled by Roland Lienau, Chairman of the su- \u00a0pervisory board, that received in July 2023 fully \u00a0vested 660,000 stock options at an exercise \u00a0price of EUR 5.50. This was a compensation \u00a0for his contribution to the business combina- \u00a0tion, in particular deal sourcing and assistance \u00a0throughout M&A process. \u00a0 \n
\n From the date of the acquisition, the former \u00a0 exceet Group S.C.A. contributed kEUR 0 to the \u00a0revenues and expenses of kEUR 4,169 to the \u00a0EBITDA of the Group. \u00a0\n
\n APEX CAPITAL GMBH AND RLG GMBH & CO. \u00a0 KG (RLG GROUP): \u00a0\n
\n The acquisition is accounted for using the \u00a0 acquisition method. Goodwill is recognised \u00a0as an asset from the acquisition date and is \u00a0measured as the excess of the consideration \u00a0transferred over the interest in the net fair value \u00a0of the identifiable net assets acquired. \u00a0\n
\n The \u201ctrade receivables\u201d relate to operational \u00a0 business as property company. \u00a0The position \u201cprepaid expenses, accrued \u00a0income and other assets\u201d mainly comprises \u00a0accruals associated with the ownership and \u00a0leasing of property. \u00a0\n
\n The position \u201cproperty, plant and equipment\u201d \u00a0 includes land in an amount of kEUR 5,441\u00a0and \u00a0buildings in an amount of kEUR 7,289. The \u00a0difference between acquisition costs and book \u00a0value of net assets acquired amounted to kEUR473 and has been allocated to the book value \u00a0of land to come to the fair value. \u00a0\n
\n \u201cTrade payables\u201d include liabilities from \u00a0 operational business. \u00a0\n
\n \u201cAccrued expenses, deferred income and other \u00a0 liabilities include operative costs, which refer to \u00a02022 and have not been paid at year end 2022. \u00a0\n
\n From the date of the acquisition, the RLG Group \u00a0 contributed kEUR 0 to the revenues and kEUR \u00a0minus 36 to the EBITDA of the Group. \u00a0\n
\n Acquisition-related costs of EUR 0 were re- \u00a0 corded as other operating expenses in financial \u00a0year 2023. \u00a0\n
\n On January 19, 2023, exceet Group\u00a0SCA \u00a0 acquired the shares in APEX Capital GmbH \u00a0and RLG GmbH & Co. KG. RLG GmbH & Co. KG \u00a0business is to invest in properties, which are \u00a0rented to affiliates or third parties companies. \u00a0APEX Capital GmbH is the General Partner \u00a0of RLG GmbH & Co KG. The consideration \u00a0transferred for 100% in both companies \u00a0amounted to EUR 1,402. \u00a0\n
\n PLANT ENGINEERING GMBH: \u00a0\n
\n The acquisition is accounted for using the \u00a0 acquisition method. Goodwill is recognized \u00a0as an asset from the acquisition date and is \u00a0measured as the excess of the consideration \u00a0transferred over the interest in the fair value of \u00a0the identifiable net assets acquired. The \u201ctrade \u00a0receivables\u201d with kEUR 249 refer to operational \u00a0business. \u00a0\n
\n The position \u201cprepaid expenses, accrued\u00a0in- \u00a0 come and other assets\u201d with kEUR 272 mainly \u00a0comprises clearing accounts associated with \u00a0the former main shareholder and tax receiva- \u00a0bles. Contract assets with kEUR 105 include \u00a0performed work related to customer contracts \u00a0which are not yet invoiced. The contracted as- \u00a0sets are valued with fair value. \u00a0\n
\n \n The position \u201cproperty, plant and equipment\u201d \u00a0 includes kEUR 64 for office and IT equipment \u00a0and intangibles, kEUR 1 for software licenses. \u00a0The book values represent the fair values. \u00a0\n
\n \n \u201cTrade payables\u201d include kEUR 41 from \u00a0 operations. \u00a0\n
\n \n \u201cAccrued expenses, deferred income and other \u00a0 liabilities\u201d with kEUR 19 mainly include receiva- \u00a0bles due to VAT and operative costs, which \u00a0refer to 2022 and have been not paid yet. \u00a0\n
\n \n \u201cProvisions\u201d with kEUR 160 are due to expenses \u00a0 which refer to 2022 and have been not paid \u00a0yet. From the date of the acquisition, Plant \u00a0Engineering GmbH contributed kEUR 166 to\u00a0the \u00a0revenues and minus kEUR 130 to the EBITDA. \u00a0\n
\n \n Since Plant Engineering GmbH has been \u00a0 already consolidated since January 2023, the \u00a0revenues would have been increased by kEUR \u00a03,085 and the EBITDA impact would have been \u00a0minus kEUR 640. \u00a0\n
\n \n Acquisition-related costs of kEUR 109 were \u00a0 recorded as other operating expenses\u00a0in \u00a0financial year 2023. \u00a0\n
\n \n With share purchase agreement as of May 16, \u00a0 2023, APEX Energy GmbH acquired\u00a090% of the \u00a0shares in Plant Engineering GmbH, Leutesdorf. \u00a0\n
\n \n Plant engineering is an engineering and \u00a0 consulting company skilled in the development \u00a0and the design of energy plants. \u00a0\n
\n \n The purchase price allocation is finalized. \u00a0 Currently, the difference between conside- \u00a0ration paid and book value of net assets is \u00a0accounted for as goodwill. Especially the valua- \u00a0tion of intangible assets as customer list, tech- \u00a0nology and backlog is completed accordingly. \u00a0\n
\n \n The consideration transferred for 90% \u00a0 amounted to kEUR 4,309. \u00a0\n
\n \n \n i2 BUSINESS\u00a0COMBINATIONS \u00a0\n
\n \n
\n \n \n \n \n \n \n \n | \n APEX Capital | \n Plant | \n
\n \n | \n and RLG GmbH & | \n Engineering | \n
\n \n | (in EUR 1,000) | \n Co.KG | \n GmbH | \n
\n \n | Current assets | \n | \n | \n
\n \n | Cash and cash equivalents | \n 10 | \n 185 | \n
\n \n | Trade receivables | \n 32 | \n 249 | \n
\n \n | Contract assets | \n 0 | \n 105 | \n
\n \n | Prepaid expenses, accrued income, other assets | \n 169 | \n 272 | \n
\n \n | Total current assets | \n 211 | \n 811 | \n
\n \n | Non-current assets | \n | \n | \n
\n \n | Property, plants & equipment | \n 12,730 | \n 64 | \n
\n \n | Total non-current assets | \n 12,730 | \n 64 | \n
\n \n | Total Assets | \n 12,941 | \n 875 | \n
\n \n | Current liabilities | \n | \n | \n
\n \n | Trade payables | \n 918 | \n 41 | \n
\n \n | Accrued expenses, deferred income and other liabilities | \n 12,021 | \n 19 | \n
\n \n | Provisions | \n 0 | \n 160 | \n
\n \n | Total current liabilities | \n 12,939 | \n 220 | \n
\n \n | Non-current liabilities | \n | \n | \n
\n \n | Contract liabilities | \n 0 | \n 31 | \n
\n \n | Total non-current liabilities | \n 0 | \n 31 | \n
\n \n | Total liabilities | \n 12,939 | \n 251 | \n
\n \n | Net identi\ufb01able net assets atfair value | \n 0 | \n 625 | \n
\n \n | Goodwill arising on the acquisition | \n 0 | \n 3,671 | \n
\n \n | Purchase consideration transferred | \n 0 | \n 4,309 | \n
\n \n | Analysis of cash \ufb02ows from the acquisition | \n | \n | \n
\n \n | Cash acquired | \n 10 | \n 185 | \n
\n \n | Consideration transferred | \n 1 | \n 4,309 | \n
\n \n | Net cash in\ufb02ow (included in Cash \ufb02ow from investing activities) | \n 9 | \n (4,114) | \n
\n \n
\n
\n Share-Based Payments \u00a0\n
\n At the Annual General Meeting 2023, the \u00a0 shareholders approved a Stock Option Program \u00a0amounting to 3,640,000 shares of the Company, \u00a0with each Stock Option corresponding to one \u00a0share. \u00a0\n
\n In 2024, the General Partner amended the SOP \u00a0 2023 according to the authorized regulations \u00a0approved by the AGM 2023. The amendment \u00a0lead to the following changes: \u00a0\n
\n \u2022\n
\n The period for vested Stock Options to \u00a0 be exercised is extended from one to \ufb01ve \u00a0years after the Vesting Date to provide more \u00a0\ufb02exibility for Bene\ufb01ciaries to exercise their \u00a0options based on the Stock Price. \u00a0\n
\n \u2022\n
\n The Vesting Start Date for the options \u00a0 issued at the end of July 2023 will be \u00a0moved forward to 1 June 2023 and \u00a0therefore the Stock Options become \u00a0exercisable earlier. \u00a0\n
\n \u2022\n
\n A mechanism to exercise options without \u00a0 cash payment (Cashless Exercise) to be \u00a0introduced, subject to suf\ufb01cient capital \u00a0reserves being available at such time and \u00a0approval of the administrator. \u00a0\n
\u2022\n To streamline the process of exercising the \u00a0 Stock Options and lessen the administrative \u00a0burden, exercise of stock options to only \u00a0be possible during the month following the \u00a0annual general meeting (Exercise Window). \u00a0\n
\n The vesting is tied to the continued employment \u00a0 at the H2APEX Group over a period of four years \u00a0following the Vesting Start Date (Vesting Period). \u00a0During the Vesting Period, every full quarter\u00a0of \u00a0employment by the H2APEX Group, 1/16th of \u00a0the stock options vest provided that the \ufb01rst \u00a01/4th of your stock options only vest after the \u00a0\ufb01rst year (Cliff). \u00a0\n
\n Under the SOP 2023, Stock Options were \u00a0 granted in 2023 and 2024 to the following \u00a0groups of participants: \u00a0\n
\n i. \u00a0\n
\n members of the supervisory board of the \u00a0 Company; \u00a0\n
\n ii. members\u00a0of the management of af\ufb01liated \u00a0\n
\n companies; and \u00a0\n
\n iii. key\u00a0employees of af\ufb01liated companies \u00a0\n
\n The exercise price for each of the granted Stock \u00a0 Options shall be EUR 5.50. \u00a0\n
\n As of 31 December 2024, 2,694,375 Stock \u00a0 Options are outstanding under the following \u00a0terms: \u00a0\n
\n \u2022\n
\n 1,000,000 Stock Options have been granted \u00a0 to the Chairman of the Supervisory Board \u00a0and Lien Hold Co \u00a0\n
\n \u2022\n
\n 1,694,375 Stock Options have been granted \u00a0 to key employees. These Options shall be \u00a0considered vested over a four-year period \u00a0(1/16 for each full quarter). \u00a0\n
\n As consideration for Roland Lienau\u2019s (Chairman \u00a0 of the Supervisory Board) contribution to the \u00a0business combination between the Company \u00a0and the German APEX-Group (in particular, \u00a0the deal sourcing, relationship management, \u00a0support of the key negotiations and your \u00a0laborious assistance throughout the entire M&A \u00a0process), 660,000 Stock Options were granted \u00a0to Lien HoldCo (related party to Roland Lienau). \u00a0The Exercise Price for each of these Stock \u00a0Options shall be EUR 5.50. These Stock Options \u00a0are fully vested as of the acceptance and must \u00a0be exercised by 31 December 2027 (\u201cExpiry \u00a0Date\u201d). \u00a0\n
\n In addition, as consideration for Roland Lienau\u2019s \u00a0 continuing to hold the of\ufb01ce of chairman\u00a0of the \u00a0Supervisory Board, 340,000 Stock Options were \u00a0granted to Lien HoldCo, too. The Exercise Price \u00a0for each of these Stock Options shall be EUR \u00a05.50. These Stock Options shall be considered \u00a0fully vested on 31 December 2025 (accelerated \u00a0vesting). \u00a0\n
\n The expenses recognized for stock option \u00a0 \n \n services during the year is kEUR 27 (2023: \u00a0\n kEUR 1,946). \u00a0\n
\n The following table illustrates the number and \u00a0 exercise prices of stock options granted, the \u00a0movements in share options during the year: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | \n 2024 | \n 2024 | \n 2023 | \n 2023 | \n
\n \n | (in EUR) | \n Number | \n excercise price | \n Number | \n excercise price | \n
\n \n | Outstanding at 1 January | \n 2,400,000 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Granted during the year | \n 450,000 | \n 5.50 | \n 2,400,000 | \n 5.50 | \n
\n \n | Forfeited during the year | \n 155,625 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Exercised during the year | \n 0 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Expired during the year | \n 0 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Outstanding at 31 December | \n 2,694,375 | \n 5.50 | \n 2,400,000 | \n 5.50 | \n
\n \n | Exercisable at 31 December | \n 660,000 | \n 5.50 | \n 660,000 | \n 5.50 | \n
\n \n
\n
\n The exercise prices for all outstanding stock \u00a0 options at the end of the year was EUR 5.50. \u00a0\n
\n The following table lists the inputs to the \u00a0 model used: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n 6th Tranche | \n 5th Tranche | \n 4th Tranche | \n 3rd Tranche | \n 2nd Tranche | \n 1st Tranche | \n | \n
\n \n | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n | \n
\n \n | \n amended in | \n amended in | \n amended in | \n amended in | \n amended in | \n amended in | \n | \n
\n \n | Model parameters | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2023 Vorjahr | \n
\n \n | Number of Options outstanding | \n 100,000 | \n 50,000 | \n 100,000 | \n 300,000 | \n 340,000 | \n 1,804,375 | \n 2,200,000 | \n
\n \n | Weighted average fair values at the | \n 3.34 | \n 2.16 | \n 3.30 | \n 3.14 | \n 3.27 | \n 3.52 | \n 1.81 | \n
\n \n | measurement date | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Dividend yield (%) | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n
\n \n | Expected volatility (%) | \n 35% | \n 35% | \n 35% | \n 35% | \n 35% | \n 35% | \n 40% | \n
\n \n | Risk-free interest rate (%) | \n 2.35% | \n 1.61% | \n 2.30% | \n 2.76% | \n 2.51% | \n 2.4% | \n 3.29% | \n
\n \n | Expected life options (years) | \n 5 | \n 5 | \n 5 | \n 5 | \n 3 | \n 4 | \n 4 | \n
\n \n | Share Proce Grant Date | \n 6.23 | \n 4.60 | \n 5.90 | \n 5.90 | \n 6.45 | \n 6.45 | \n 6.65 | \n
\n \n | Model used | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n
\n \n | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n
\n \n | weighted average remaining | \n 4.01 | \n 3.82 | \n 3.82 | \n 3.52 | \n 1.00 | \n 2.33 | \n 2.66 | \n
\n \n | contractual life | \n | \n | \n | \n | \n | \n | \n | \n
\n \n
\n
\n The expected life of Stock Options is based \u00a0 on current expectations and is not necessarily \u00a0indicative of exercise patterns that may occur. \u00a0The expected volatility re\ufb02ects the assumption \u00a0that the historical volatility over a period similar \u00a0to the life of the options is indicative of future \u00a0trends, which may not necessarily be the actual \u00a0outcome. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43560_2024": {
"value": "\n a SCOPE\u00a0OF \u00a0\n
\n CONSOLIDATION \u00a0\n
\n The consolidated \ufb01nancial statements include \u00a0 the \ufb01nancial statements of H2APEX Group S.C.A.and its subsidiaries as at 31 December 2024. \u00a0The Group is deemed to control an entity when \u00a0it is exposed to, or has rights to, variable returns \u00a0arising from its involvement with the entity and \u00a0has the ability to affect those returns through itspower over the entity. \u00a0\n
\n Entities acquired during the year are included in \u00a0 the consolidation from the date on which controlis transferred to the Group. Similarly, entities \u00a0are excluded from consolidation from the date \u00a0on which control ceases. For consolidated \u00a0entities, 100% of their assets, liabilities, income, \u00a0and expenses are included in the consolidated \u00a0\ufb01nancial statements. Intercompany balances \u00a0and transactions are eliminated in full. \u00a0\n
\n Where differences in accounting policies \u00a0 exist between the Group and its subsidiaries, \u00a0appropriate consolidation adjustments are madeto ensure uniform application of accounting \u00a0principles across the Group. \u00a0\n
\n When control over a subsidiary is lost, its assets, \u00a0 liabilities, and any non-controlling interests \u00a0are derecognized. Any resulting gain or loss is \u00a0recognized in the consolidated statement of \u00a0income. Any retained interest is measured at its \u00a0fair value at the date when control is lost. \u00a0\n
\n The accounting policies of subsidiaries have \u00a0 been aligned with those of the Group to ensure \u00a0consistent treatment of similar transactions and \u00a0events. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43480_2024": {
"value": "\n b BUSINESS\u00a0COMBI- \u00a0\n
\n NATIONS AND REVERSE \u00a0\n
\n ACQUISITIONS \u00a0\n
\n BUSINESS COMBINATIONS: \u00a0\n
\n The Group accounts for business combinations \u00a0 using the acquisition method, in accordance \u00a0with IFRS 3, when the acquired set of activities \u00a0and assets qualifies as a business and control \u00a0is transferred to the Group. \u00a0\n
\n The acquisition cost is measured as the total \u00a0of the consideration transferred, including \u00a0any contingent consideration, measured at \u00a0fair value on the acquisition date. Acquisition- \u00a0related costs are expensed as incurred and \u00a0reported under other operating expenses \u00a0in the consolidated income statement. The \u00a0calculation of goodwill also considers any non- \u00a0controlling interests. \u00a0 \n
\n Upon acquiring a business, the Group evaluates \u00a0 the financial assets and liabilities assumed for \u00a0proper classification and designation based on \u00a0the contractual terms, economic conditions, \u00a0and other relevant factors existing at the \u00a0acquisition date. \u00a0\n
\n .\n
\n If the accounting for a business combination is \u00a0 incomplete at the end of the reporting period \u00a0in which the transaction occurs, the Group \u00a0recognizes provisional amounts for those \u00a0items, in accordance with IFRS 3, until the \u00a0measurement period is \ufb01nalized. \u00a0\n
\n The Group recognizes the identi\ufb01able assets \u00a0acquired, liabilities assumed, and any non- \u00a0controlling interests. The excess of the \u00a0consideration transferred (including the fair \u00a0value of any non-controlling interests) over the \u00a0net identi\ufb01able assets and liabilities acquired is \u00a0recognized as goodwill. \u00a0 \n
\n Goodwill is measured at cost less accumulated \u00a0impairment losses. It is tested for impairment at \u00a0least annually, or whenever there is an indication \u00a0that it may be impaired. \u00a0 \n
\n Goodwill is allocated to the cash-generating \u00a0 units (CGUs) that are expected to bene\ufb01t from \u00a0the synergies of the business combination. \u00a0These CGUs represent the lowest level within \u00a0the Group at which goodwill is monitored for \u00a0internal management purposes and do not \u00a0exceed the level of an operating segment. \u00a0\n
\n REVERSE ACQUISITIONS \u00a0\n
\n In a reverse acquisition, the entity that issues \u00a0 equity instruments (the legal acquirer) is \u00a0identified as the acquiree for accounting \u00a0purposes, while the entity whose equity \u00a0interests are acquired (the legal acquiree) is the \u00a0accounting acquirer. \u00a0\n
\n Typically, the accounting acquirer does \u00a0 not transfer consideration for the business \u00a0combination. Instead, the legal subsidiary \u00a0(accounting acquirer) issues its equity \u00a0instruments to obtain control of the legal \u00a0parent (accounting acquiree). \u00a0\n
\n The consolidated financial statements \u00a0 following a reverse acquisition represent a \u00a0continuation of the financial statements of \u00a0the legal subsidiary, with the exception of the \u00a0\n
\n capital structure. These statements reflect the \u00a0 equity structure of the legal parent (the legal \u00a0acquirer) and adjust comparative information \u00a0retrospectively to reflect the capital structure of \u00a0the legal parent. \u00a0\n
\n In accordance with IFRS 3, the assets and \u00a0 liabilities of the legal subsidiary (the accounting \u00a0acquirer) are recognized at their existing book \u00a0values, whereas the assets and liabilities of \u00a0the legal parent (the accounting acquiree) are \u00a0recognized and measured in accordance with \u00a0IFRS 3 requirements. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43479_2024": {
"value": "\n b BUSINESS\u00a0COMBI- \u00a0\n
\n NATIONS AND REVERSE \u00a0\n
\n ACQUISITIONS \u00a0\n
\n BUSINESS COMBINATIONS: \u00a0\n
\n The Group accounts for business combinations \u00a0 using the acquisition method, in accordance \u00a0with IFRS 3, when the acquired set of activities \u00a0and assets qualifies as a business and control \u00a0is transferred to the Group. \u00a0\n
\n The acquisition cost is measured as the total \u00a0of the consideration transferred, including \u00a0any contingent consideration, measured at \u00a0fair value on the acquisition date. Acquisition- \u00a0related costs are expensed as incurred and \u00a0reported under other operating expenses \u00a0in the consolidated income statement. The \u00a0calculation of goodwill also considers any non- \u00a0controlling interests. \u00a0 \n
\n Upon acquiring a business, the Group evaluates \u00a0 the financial assets and liabilities assumed for \u00a0proper classification and designation based on \u00a0the contractual terms, economic conditions, \u00a0and other relevant factors existing at the \u00a0acquisition date. \u00a0\n
\n .\n
\n If the accounting for a business combination is \u00a0 incomplete at the end of the reporting period \u00a0in which the transaction occurs, the Group \u00a0recognizes provisional amounts for those \u00a0items, in accordance with IFRS 3, until the \u00a0measurement period is \ufb01nalized. \u00a0\n
\n The Group recognizes the identi\ufb01able assets \u00a0acquired, liabilities assumed, and any non- \u00a0controlling interests. The excess of the \u00a0consideration transferred (including the fair \u00a0value of any non-controlling interests) over the \u00a0net identi\ufb01able assets and liabilities acquired is \u00a0recognized as goodwill. \u00a0 \n
\n Goodwill is measured at cost less accumulated \u00a0impairment losses. It is tested for impairment at \u00a0least annually, or whenever there is an indication \u00a0that it may be impaired. \u00a0 \n
\n Goodwill is allocated to the cash-generating \u00a0 units (CGUs) that are expected to bene\ufb01t from \u00a0the synergies of the business combination. \u00a0These CGUs represent the lowest level within \u00a0the Group at which goodwill is monitored for \u00a0internal management purposes and do not \u00a0exceed the level of an operating segment. \u00a0\n
\n REVERSE ACQUISITIONS \u00a0\n
\n In a reverse acquisition, the entity that issues \u00a0 equity instruments (the legal acquirer) is \u00a0identified as the acquiree for accounting \u00a0purposes, while the entity whose equity \u00a0interests are acquired (the legal acquiree) is the \u00a0accounting acquirer. \u00a0\n
\n Typically, the accounting acquirer does \u00a0 not transfer consideration for the business \u00a0combination. Instead, the legal subsidiary \u00a0(accounting acquirer) issues its equity \u00a0instruments to obtain control of the legal \u00a0parent (accounting acquiree). \u00a0\n
\n The consolidated financial statements \u00a0 following a reverse acquisition represent a \u00a0continuation of the financial statements of \u00a0the legal subsidiary, with the exception of the \u00a0\n
\n capital structure. These statements reflect the \u00a0 equity structure of the legal parent (the legal \u00a0acquirer) and adjust comparative information \u00a0retrospectively to reflect the capital structure of \u00a0the legal parent. \u00a0\n
\n In accordance with IFRS 3, the assets and \u00a0 liabilities of the legal subsidiary (the accounting \u00a0acquirer) are recognized at their existing book \u00a0values, whereas the assets and liabilities of \u00a0the legal parent (the accounting acquiree) are \u00a0recognized and measured in accordance with \u00a0IFRS 3 requirements. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43503_2024": {
"value": "The acquisition cost is measured as the total \u00a0of the consideration transferred, including \u00a0any contingent consideration, measured at \u00a0fair value on the acquisition date. Acquisition- \u00a0related costs are expensed as incurred and \u00a0reported under other operating expenses \u00a0in the consolidated income statement. The \u00a0calculation of goodwill also considers any non- \u00a0controlling interests. \u00a0Payments associated with short-term leases \u00a0(lease term of 12 months or less) and leases \u00a0of low-value assets (below EUR 5,000) are \u00a0recognized on a straight-line basis as an expensein pro\ufb01t or loss. \u00a0These assets are initially measured at fair value, \u00a0plus any transaction costs, and then subse- \u00a0quently at amortized cost. The interest accrued \u00a0is taken to the consolidated income statement \u00a0applying the effective interest method. Nonethe- \u00a0less, financial assets falling due one year or less \u00a0without a contractual interest rate are initially \u00a0and subsequently measured at their nominal \u00a0amount, if the effect of upgrading the cash \u00a0flows is insignificant. \u00a0\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
\n Loans and borrowings \u00a0\n
\n After initial recognition, interest-bearing loans \u00a0 and borrowings are subsequently measured \u00a0at amortized cost using effective interest rate \u00a0(EIR) method. Gains and losses are recognized \u00a0in pro\ufb01t or loss when the liabilities are derecog-nized as well as through the EIR amortization \u00a0process. \u00a0\n
\n o\n
\n BORROWING COSTS \u00a0\n
\n Borrowing cost directly attributable to the ac- \u00a0 quisition, construction or production of assets \u00a0that necessarily takes a substantial period to \u00a0get ready for its intended use are capitalized aspart of the cost of the assets. All other borrow-ing cost are expensed in the period in which \u00a0they occur. \u00a0\n
\n p\n
\n INCOME TAX \u00a0\n
\n The year\u2019s income tax expense or benefit \u00a0 comprises current tax and deferred tax. Current \u00a0and deferred tax are recognized as income or \u00a0an expense and included in the Consolidated \u00a0statement of comprehensive income, except to \u00a0the extent that the tax arises from a transac- \u00a0tion or event which is recognized, in the same \u00a0or a different year, directly in equity, or from a \u00a0business combination. \u00a0\n
\n The Group recognizes deductions for \u00a0 investment by applying the recognition and \u00a0measurement criteria of the assets for current \u00a0or deferred tax, unless they have the nature \u00a0of a grant. If the deductions have the nature \u00a0of a grant, they are recognized, presented \u00a0and valued by applying the corresponding \u00a0accounting policy. For these purposes, the \u00a0Group considers that the deductions whose \u00a0application is independent of the existence of a \u00a0positive integral fee and that have substantive \u00a0operational conditions additional to the \u00a0realization or maintenance of the investment \u00a0are subsidized. \u00a0\n
\n CURRENT TAX \u00a0\n
\n Current income tax assets and liabilities \u00a0 are measured at the amount expected to \u00a0be recovered from or paid to tax authorities \u00a0using the tax rates and tax laws enacted or \u00a0substantially enacted at the reporting date \u00a0where the consolidated entity is domiciled. \u00a0Management periodically evaluates positions \u00a0taken in tax returns with respect to situations in \u00a0which applicable tax regulations are subject to \u00a0interpretation and establishes provisions where \u00a0appropriate. \u00a0\n
\n The companies of the H2APEX Group are \u00a0 subject to German income tax respectively \u00a0Luxembourg income tax. \u00a0\n
\n DEFERRED TAX \u00a0\n
\n Deferred income tax is provided, using\u00a0the \u00a0 liability method, on all temporary differences \u00a0at the balance sheet date between the tax \u00a0bases of assets and liabilities and their carryingamounts for financial reporting purposes.Deferred tax liabilities are the amounts payablein the future as income tax related to taxable \u00a0temporary differences while deferred tax \u00a0assets are the amounts to be recovered as \u00a0income tax due to the existence of deductible \u00a0temporary differences, taxable negative tax \u00a0bases or deductions pending application. \u00a0\n
\n RECOGNITION OF DEFERRED \u00a0\n
\n TAX LIABILITIES \u00a0\n
\n The Group recognizes deferred tax liabilities in \u00a0 all cases except if: \u00a0\n
\n \u2022\n
\n when the deferred tax liability arises from \u00a0 the initial recognition of goodwill or an \u00a0asset or liability in a transaction that is \u00a0not a business combination and, at the \u00a0time of the transaction, affects neither the \u00a0accounting profit nor taxable profit or loss \u00a0and does not give rise to equal taxable and \u00a0deductible temporary differences \u00a0\n
\n \u2022\n
\n in respect of taxable temporary differences \u00a0 associated with investments in subsidiar- \u00a0ies, branches and associates and interests \u00a0in joint arrangements, when the timing of \u00a0the reversal of the temporary differences \u00a0can be controlled and it is probable that \u00a0the temporary differences will not reverse \u00a0in the foreseeable future. \u00a0\n
\n RECOGNITION OF DEFERRED TAX ASSETS \u00a0\n
\n Deferred tax assets are recognized for all \u00a0 deductible temporary differences, the carry for- \u00a0ward of unused tax credits and any unused tax \u00a0losses. Deferred tax assets are recognized to \u00a0the extent that it is probable that taxable profit \u00a0will be available against which the deductible \u00a0temporary differences, the carry forward of \u00a0unused tax credits and unused tax losses can \u00a0be utilized, except: \u00a0\n
\n \u2022\n
\n when the deferred tax asset arises from \u00a0 the initial recognition of an asset or liabil- \u00a0ity in a transaction that is not a business \u00a0combination, at the time of the transaction, \u00a0affects neither the accounting profit nor \u00a0taxable profit or loss and does not give rise \u00a0to equal taxable and deductible temporary \u00a0differences \u00a0\n
\n \u2022\n
\n in respect of deductible temporary dif- \u00a0 ferences associated with investments in \u00a0subsidiaries, associates and interests in \u00a0joint arrangements, deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that the temporary differences \u00a0will reverse in the foreseeable future and \u00a0taxable profit will be available against \u00a0which the temporary differences can be \u00a0utilized. \u00a0\n
\n It is considered probable that the Group has \u00a0 sufficient tax profits to recover deferred tax \u00a0assets, provided there are temporary differen- \u00a0ces taxable in sufficient amount, related to the \u00a0same tax authority and to the same taxpayer, \u00a0the reversal of which is expected in the same \u00a0fiscal year in which the deductible temporary \u00a0differences are expected to reverse or in years \u00a0in which a tax loss, arising from a deductible \u00a0temporary difference, can be offset by previous \u00a0or subsequent earnings. \u00a0\n
\n In order to determine future tax profits, the \u00a0 Group takes into account tax planning oppor- \u00a0tunities, provided that it intends to adopt them \u00a0or is probable to adopt them. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43484_2024": {
"value": "The acquisition cost is measured as the total \u00a0of the consideration transferred, including \u00a0any contingent consideration, measured at \u00a0fair value on the acquisition date. Acquisition- \u00a0related costs are expensed as incurred and \u00a0reported under other operating expenses \u00a0in the consolidated income statement. The \u00a0calculation of goodwill also considers any non- \u00a0controlling interests. \u00a0Contingent liabilities are possible obligations \u00a0arising from past events and whose existence \u00a0will be confirmed only upon the occurrence or \u00a0non-occurrence of one or more uncertain fu- \u00a0ture events not wholly within the control of the \u00a0Group. Contingent liabilities are not recognized \u00a0but only disclosed in the notes to the consoli- \u00a0dated financial statements. \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43517_2024": {
"value": "\n The Group recognizes the identi\ufb01able assets \u00a0acquired, liabilities assumed, and any non- \u00a0controlling interests. The excess of the \u00a0consideration transferred (including the fair \u00a0value of any non-controlling interests) over the \u00a0net identi\ufb01able assets and liabilities acquired is \u00a0recognized as goodwill. \u00a0 \n
\n Goodwill is measured at cost less accumulated \u00a0impairment losses. It is tested for impairment at \u00a0least annually, or whenever there is an indication \u00a0that it may be impaired. \u00a0 \n
\n Goodwill is allocated to the cash-generating \u00a0 units (CGUs) that are expected to bene\ufb01t from \u00a0the synergies of the business combination. \u00a0These CGUs represent the lowest level within \u00a0the Group at which goodwill is monitored for \u00a0internal management purposes and do not \u00a0exceed the level of an operating segment. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43566_2024": {
"value": "The Group recognizes the identi\ufb01able assets \u00a0acquired, liabilities assumed, and any non- \u00a0controlling interests. The excess of the \u00a0consideration transferred (including the fair \u00a0value of any non-controlling interests) over the \u00a0net identi\ufb01able assets and liabilities acquired is \u00a0recognized as goodwill. \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43521_2024": {
"value": "Goodwill is measured at cost less accumulated \u00a0impairment losses. It is tested for impairment at \u00a0least annually, or whenever there is an indication \u00a0that it may be impaired. \u00a0After initial recognition, intangible assets are \u00a0carried at cost less any accumulated amorti- \u00a0zation and any cumulated impairment loss. \u00a0Intangible assets with finite lives are amortized \u00a0over the expected useful economic life and \u00a0assessed for impairment whenever there is an \u00a0indication that the other intangible asset may \u00a0be impaired. When there are no foreseeable \u00a0limits to the period over the assets for \u00a0generating net cash inflows, the assets are \u00a0recognized as assets with indefinite useful life. \u00a0Those assets are not amortized but tested for \u00a0impairment loss at least annually. \u00a0After initial recognition of property, plant and \u00a0equipment are carried at cost less accumulated \u00a0depreciation and any accumulated impairment \u00a0losses, only the costs incurred which increase \u00a0capacity or productivity or which lengthen the \u00a0useful life of the asset are capitalized. The \u00a0carrying amount of parts that are replaced is \u00a0derecognized. Costs of day-to-day servicing arerecognized in consolidated income statement \u00a0as incurred. \u00a0\n g IMPAIRMENT\u00a0OF \u00a0\n
\n NON-FINANCIAL ASSETS \u00a0\n
\n The Group evaluates whether there are indica- \u00a0 tions of possible impairment losses on non- \u00a0financial assets to verify whether the carrying \u00a0amount of these assets exceeds the recoverable \u00a0amount. \u00a0\n
\n The Group tests intangible assets not yet avail- \u00a0 able for use for impairment at least annually, \u00a0irrespective of whether there is any indication \u00a0that the assets may be impaired. \u00a0The recoverable amount of assets is the higher \u00a0of fair value less costs of retirement or disposal \u00a0and value in use. \u00a0\n
\n Negative differences arising from comparison of \u00a0 carrying amounts of assets with their recover- \u00a0able amounts are expensed. \u00a0\n
\n Recoverable amount is determined for each \u00a0 individual asset, unless the asset does not gen- \u00a0erate cash inflows that are largely independent \u00a0of those from other assets or groups of assets. \u00a0If this is the case, recoverable amount is deter- \u00a0mined for the cash-generating unit (\u201cCGU\u201d) to \u00a0which the asset belongs. \u00a0\n
\n At the end of each reporting period the Group \u00a0 assesses whether there is any indication that an \u00a0impairment loss recognized in prior periods\u00a0may \u00a0no longer exist or may have decreased. Impair- \u00a0ments losses on goodwill may not be reversed. \u00a0Impairment losses on assets other than good- \u00a0will are reversed if, and only if, there has been \u00a0a change in the estimates used to calculate the \u00a0asset\u2019s recoverable amount. \u00a0\n
\n A reversal of an impairment loss is recognized in \u00a0 the consolidated income statement. The in- \u00a0crease of the carrying amount of an asset attrib- \u00a0utable to a reversal of an impairment loss may \u00a0not exceed the carrying amount that would\u00a0have \u00a0been determined, net of depreciation or amorti- \u00a0zation, had no impairment loss been recognized. \u00a0\n
\n Impairment of \ufb01nancial assets at \u00a0 amortized cost \u00a0\n
\n The Group recognizes value adjustments relat- \u00a0 ing to expected credit losses on financial assets \u00a0and contract assets measured at amortized \u00a0cost. \u00a0\n
\n The Group applies the simplified approach of \u00a0 calculating the expected credit loss of its finan- \u00a0cial assets. \u00a0\n
\n The simplified approach considers expected \u00a0 losses for lifetime plus any additional provision- \u00a0ing if additional indicators for credit losses were \u00a0indicated. The Group assumes that the credit \u00a0risk of a financial instrument has not increased \u00a0significantly since its initial recognition if the \u00a0financial instrument has a low credit risk at the \u00a0closing date. \u00a0\n
\n (ii) Credit-impaired \ufb01nancial assets \u00a0 A financial asset is credit-impaired when one \u00a0or more events that have a detrimental impact \u00a0on the estimated future cash flows of that \u00a0financial asset have occurred. Evidence that \u00a0a financial asset is credit-impaired includes \u00a0observable data about the following events: \u00a0\n
\n \u2022\n
\n Significant financial difficulty of the issuer or the borrower \u00a0\n
\n \u2022\n
\n A breach of contract, such as a default or \u00a0 past due event (see (i) above) \u00a0\n
\n \u2022\n
\n The lender(s) of the borrower, for economic or contractual reasons relating to the bor- \u00a0rower\u2019s financial difficulty, having granted \u00a0to the borrower a concession(s) that the \u00a0lender(s) would not otherwise consider \u00a0\n
\n \u2022\n
\n It is becoming probable that the borrower \u00a0 will enter bankruptcy or other financial \u00a0reorganization \u00a0\n
\n \u2022\n
\n The disappearance of an active market for that financial asset because of financial \u00a0difficulties \u00a0\n
\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
Trade receivables are measured at amortized \u00a0cost. During the year ended 31 December 2024 \u00a0impairments of kEUR 5 were recognized (31 \u00a0December 2023: kEUR 32). \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43523_2024": {
"value": "Goodwill is measured at cost less accumulated \u00a0impairment losses. It is tested for impairment at \u00a0least annually, or whenever there is an indication \u00a0that it may be impaired. \u00a0After initial recognition, intangible assets are \u00a0carried at cost less any accumulated amorti- \u00a0zation and any cumulated impairment loss. \u00a0Intangible assets with finite lives are amortized \u00a0over the expected useful economic life and \u00a0assessed for impairment whenever there is an \u00a0indication that the other intangible asset may \u00a0be impaired. When there are no foreseeable \u00a0limits to the period over the assets for \u00a0generating net cash inflows, the assets are \u00a0recognized as assets with indefinite useful life. \u00a0Those assets are not amortized but tested for \u00a0impairment loss at least annually. \u00a0After initial recognition of property, plant and \u00a0equipment are carried at cost less accumulated \u00a0depreciation and any accumulated impairment \u00a0losses, only the costs incurred which increase \u00a0capacity or productivity or which lengthen the \u00a0useful life of the asset are capitalized. The \u00a0carrying amount of parts that are replaced is \u00a0derecognized. Costs of day-to-day servicing arerecognized in consolidated income statement \u00a0as incurred. \u00a0\n g IMPAIRMENT\u00a0OF \u00a0\n
\n NON-FINANCIAL ASSETS \u00a0\n
\n The Group evaluates whether there are indica- \u00a0 tions of possible impairment losses on non- \u00a0financial assets to verify whether the carrying \u00a0amount of these assets exceeds the recoverable \u00a0amount. \u00a0\n
\n The Group tests intangible assets not yet avail- \u00a0 able for use for impairment at least annually, \u00a0irrespective of whether there is any indication \u00a0that the assets may be impaired. \u00a0The recoverable amount of assets is the higher \u00a0of fair value less costs of retirement or disposal \u00a0and value in use. \u00a0\n
\n Negative differences arising from comparison of \u00a0 carrying amounts of assets with their recover- \u00a0able amounts are expensed. \u00a0\n
\n Recoverable amount is determined for each \u00a0 individual asset, unless the asset does not gen- \u00a0erate cash inflows that are largely independent \u00a0of those from other assets or groups of assets. \u00a0If this is the case, recoverable amount is deter- \u00a0mined for the cash-generating unit (\u201cCGU\u201d) to \u00a0which the asset belongs. \u00a0\n
\n At the end of each reporting period the Group \u00a0 assesses whether there is any indication that an \u00a0impairment loss recognized in prior periods\u00a0may \u00a0no longer exist or may have decreased. Impair- \u00a0ments losses on goodwill may not be reversed. \u00a0Impairment losses on assets other than good- \u00a0will are reversed if, and only if, there has been \u00a0a change in the estimates used to calculate the \u00a0asset\u2019s recoverable amount. \u00a0\n
\n A reversal of an impairment loss is recognized in \u00a0 the consolidated income statement. The in- \u00a0crease of the carrying amount of an asset attrib- \u00a0utable to a reversal of an impairment loss may \u00a0not exceed the carrying amount that would\u00a0have \u00a0been determined, net of depreciation or amorti- \u00a0zation, had no impairment loss been recognized. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43505_2024": {
"value": "\n c\n
\n FAIR VALUE \u00a0\n
\n MEASUREMENT \u00a0\n
\n The Group measures \ufb01nancial instruments at \u00a0 fair value at each balance sheet date. Fair value \u00a0is the price that would be received to sell an \u00a0asset or paid to transfer a liability in an orderly \u00a0transaction between market participants at the \u00a0measurement date. The fair value measurement \u00a0is based on the presumption that the transac- \u00a0tion to sell the asset or transfer the liability takes \u00a0place either: \u00a0\n
\n \u2022\n
\n In the principal market for the asset or \u00a0 liability \u00a0\n
\n Or \u00a0\n
\n \u2022\n
\n In the absence of a principal market, in the \u00a0 most advantageous market for the asset or \u00a0liability. \u00a0\n
\n The principal or the most advantageous market \u00a0 must be accessible by the Group. \u00a0\n
\n The fair value of an asset or a liability is meas- \u00a0 ured using the assumptions that market par- \u00a0ticipants would use when pricing the asset or \u00a0liability, assuming that market participants act in \u00a0their economic best interest. \u00a0\n
\n A fair value measurement of a non-\ufb01nancial \u00a0 asset takes into account a market participant\u2019s \u00a0ability to generate economic bene\ufb01ts by using \u00a0the asset in its highest and best use or by selling \u00a0it to another market participant that would use \u00a0the asset in its highest and best use. \u00a0\n
\n The Group uses valuation techniques that are \u00a0 appropriate in the circumstances and for which \u00a0suf\ufb01cient data are available to measure fair \u00a0value, maximising the use of relevant observableinputs and minimising the use of unobservable \u00a0inputs. \u00a0\n
\n All assets and liabilities for which fair value \u00a0 is measured or disclosed in the consolidated \u00a0\ufb01nancial statements are categorised within the \u00a0fair value hierarchy, described as follows, based \u00a0on the lowest level input that is signi\ufb01cant to thefair value measurement as a whole: \u00a0\n
\n \u2022\n
\n Level 1 \u2014 Quoted (unadjusted) market \u00a0 prices in active markets for identical assets \u00a0or liabilities \u00a0\n
\n \u2022\n
\n Level 2 \u2014 Valuation techniques for which \u00a0 the lowest level input that is signi\ufb01cant to \u00a0the fair value measurement is directly or \u00a0indirectly observable \u00a0\n
\n \u2022\n
\n Level 3 \u2014 Valuation techniques for which \u00a0 the lowest level input that is signi\ufb01cant to \u00a0the fair value measurement is unobservable\n
\n For assets and liabilities that are recognized \u00a0 in the consolidated \ufb01nancial statements at fair \u00a0value on a recurring basis, the Group determines \u00a0whether transfers have occurred between levels \u00a0in the hierarchy by reassessing categorisation atthe end of each reporting period. \u00a0\n
\n Classi\ufb01cation and measurement of \ufb01nancial \u00a0 liabilities \u00a0\n
\n Financial liabilities are classi\ufb01ed at initial recogni- \u00a0 tion and initially measured at fair value, plus or \u00a0minus transaction costs, depending on the type \u00a0of \ufb01nancial instrument. \u00a0\n
\n Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43511_2024": {
"value": "\n c\n
\n FAIR VALUE \u00a0\n
\n MEASUREMENT \u00a0\n
\n The Group measures \ufb01nancial instruments at \u00a0 fair value at each balance sheet date. Fair value \u00a0is the price that would be received to sell an \u00a0asset or paid to transfer a liability in an orderly \u00a0transaction between market participants at the \u00a0measurement date. The fair value measurement \u00a0is based on the presumption that the transac- \u00a0tion to sell the asset or transfer the liability takes \u00a0place either: \u00a0\n
\n \u2022\n
\n In the principal market for the asset or \u00a0 liability \u00a0\n
\n Or \u00a0\n
\n \u2022\n
\n In the absence of a principal market, in the \u00a0 most advantageous market for the asset or \u00a0liability. \u00a0\n
\n The principal or the most advantageous market \u00a0 must be accessible by the Group. \u00a0\n
\n The fair value of an asset or a liability is meas- \u00a0 ured using the assumptions that market par- \u00a0ticipants would use when pricing the asset or \u00a0liability, assuming that market participants act in \u00a0their economic best interest. \u00a0\n
\n A fair value measurement of a non-\ufb01nancial \u00a0 asset takes into account a market participant\u2019s \u00a0ability to generate economic bene\ufb01ts by using \u00a0the asset in its highest and best use or by selling \u00a0it to another market participant that would use \u00a0the asset in its highest and best use. \u00a0\n
\n The Group uses valuation techniques that are \u00a0 appropriate in the circumstances and for which \u00a0suf\ufb01cient data are available to measure fair \u00a0value, maximising the use of relevant observableinputs and minimising the use of unobservable \u00a0inputs. \u00a0\n
\n All assets and liabilities for which fair value \u00a0 is measured or disclosed in the consolidated \u00a0\ufb01nancial statements are categorised within the \u00a0fair value hierarchy, described as follows, based \u00a0on the lowest level input that is signi\ufb01cant to thefair value measurement as a whole: \u00a0\n
\n \u2022\n
\n Level 1 \u2014 Quoted (unadjusted) market \u00a0 prices in active markets for identical assets \u00a0or liabilities \u00a0\n
\n \u2022\n
\n Level 2 \u2014 Valuation techniques for which \u00a0 the lowest level input that is signi\ufb01cant to \u00a0the fair value measurement is directly or \u00a0indirectly observable \u00a0\n
\n \u2022\n
\n Level 3 \u2014 Valuation techniques for which \u00a0 the lowest level input that is signi\ufb01cant to \u00a0the fair value measurement is unobservable\n
\n For assets and liabilities that are recognized \u00a0 in the consolidated \ufb01nancial statements at fair \u00a0value on a recurring basis, the Group determines \u00a0whether transfers have occurred between levels \u00a0in the hierarchy by reassessing categorisation atthe end of each reporting period. \u00a0\n
\n These assets are initially measured at fair value, \u00a0plus any transaction costs, and then subse- \u00a0quently at amortized cost. The interest accrued \u00a0is taken to the consolidated income statement \u00a0applying the effective interest method. Nonethe- \u00a0less, financial assets falling due one year or less \u00a0without a contractual interest rate are initially \u00a0and subsequently measured at their nominal \u00a0amount, if the effect of upgrading the cash \u00a0flows is insignificant. \u00a0 \n
\n Impairment of \ufb01nancial assets at \u00a0 amortized cost \u00a0\n
\n The Group recognizes value adjustments relat- \u00a0 ing to expected credit losses on financial assets \u00a0and contract assets measured at amortized \u00a0cost. \u00a0\n
\n The Group applies the simplified approach of \u00a0 calculating the expected credit loss of its finan- \u00a0cial assets. \u00a0\n
\n The simplified approach considers expected \u00a0 losses for lifetime plus any additional provision- \u00a0ing if additional indicators for credit losses were \u00a0indicated. The Group assumes that the credit \u00a0risk of a financial instrument has not increased \u00a0significantly since its initial recognition if the \u00a0financial instrument has a low credit risk at the \u00a0closing date. \u00a0\n
\n (i) De\ufb01nition of default \u00a0\n
\n The\u00a0Group considers the following as constitu- \u00a0 ting an event of default for internal credit risk \u00a0management purposes as historical experience \u00a0indicates that financial assets that meet either \u00a0of\u00a0the following criteria are generally not recov- \u00a0erable: \u00a0\n
\n h\n
\n FINANCIAL \u00a0\n
\n INSTRUMENTS \u00a0\n
\n A financial instrument is any contract that gives rise to a financial asset of one entity\u00a0and a \u00a0financial liability or equity instrument of\u00a0an- \u00a0other entity. Financial instruments in the formof financial assets and financial liabilities aregenerally presented separately. Financial instru-ments are recognized as soon as the Group \u00a0becomes a party to the contractual provisionsof the financial instrument. In the case of \u00a0purchases or sales of financial assets throughthe regular market, H2APEX uses the settle- \u00a0ment date as the date of initial recognition or \u00a0derecognition. Upon initial recognition, financialinstruments are measured at fair value. \u00a0\n
\n FINANCIAL ASSETS \u00a0\n
\n Classi\ufb01cation and measurement \u00a0 The Group classifies and measures its financialassets, both current and non-current, as \u00a0follows: \u00a0\n
\n Assets at amortized cost \u00a0\n
\n This category includes the financial assets that meet the following conditions: \u00a0\n
\n \u2022\n
\n The asset is held within the framework of a \u00a0 business model whose purpose is to hold \u00a0\ufb01nancial assets in order to obtain contrac-tual cash \ufb02ows, and\n
\n \u2022\n
\n The contractual conditions of the \ufb01nancial asset give rise, on speci\ufb01ed dates, to cash\ufb02ows constituting solely payments of princi-pal plus interest on the outstanding princi-ple. \u00a0\n
\n When there is a breach of financial \u00a0 covenants by the debtor \u00a0\n
\n Information developed internally or obtained \u00a0 from external sources indicates that the \u00a0debtor is unlikely to pay its creditors, includ- \u00a0ing the Group, in full (without taking into \u00a0account any collateral held by the Group). \u00a0\n
\n Irrespective of the above analysis, the Group \u00a0 considers that default has occurred when a \u00a0financial asset is more than 180 days past dueunless the Group has reasonable and support-able information to demonstrate that a more \u00a0lagging default criterion is more appropriate. \u00a0\n
\n (ii) Credit-impaired \ufb01nancial assets \u00a0 A financial asset is credit-impaired when one \u00a0or more events that have a detrimental impact \u00a0on the estimated future cash flows of that \u00a0financial asset have occurred. Evidence that \u00a0a financial asset is credit-impaired includes \u00a0observable data about the following events: \u00a0\n
\n \u2022\n
\n Significant financial difficulty of the issuer or the borrower \u00a0\n
\n \u2022\n
\n A breach of contract, such as a default or \u00a0 past due event (see (i) above) \u00a0\n
\n \u2022\n
\n The lender(s) of the borrower, for economic or contractual reasons relating to the bor- \u00a0rower\u2019s financial difficulty, having granted \u00a0to the borrower a concession(s) that the \u00a0lender(s) would not otherwise consider \u00a0\n
\n \u2022\n
\n It is becoming probable that the borrower \u00a0 will enter bankruptcy or other financial \u00a0reorganization \u00a0\n
\n \u2022\n
\n The disappearance of an active market for that financial asset because of financial \u00a0difficulties \u00a0\n
\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
\n SUBSEQUENT MEASUREMENT \u00a0\n
\n Derecognition of \ufb01nancial assets \u00a0 Financial assets are derecognized when the con- \u00a0tractual rights to the cash \ufb02ows from the \ufb01nancial \u00a0asset expire or have been transferred or partially \u00a0transferred (risk sharing) and substantially all the \u00a0risks and rewards of ownership are considered to \u00a0have been transferred. \u00a0\n
\n On derecognition of a \ufb01nancial asset, the differ- \u00a0 ence between the carrying amount and the sum \u00a0of the consideration received, net of transaction \u00a0costs, including any new asset obtained less any \u00a0new liability assumed and any cumulative gain or \u00a0loss deferred in other comprehensive income, is \u00a0recognized in consolidated income statement. \u00a0\n
\n FINANCIAL LIABILITIES \u00a0\n
\n Classi\ufb01cation and measurement of \ufb01nancial \u00a0 liabilities \u00a0\n
\n Financial liabilities are classi\ufb01ed at initial recogni- \u00a0 tion and initially measured at fair value, plus or \u00a0minus transaction costs, depending on the type \u00a0of \ufb01nancial instrument. \u00a0\n
\n Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0 \n
\n Loans and borrowings \u00a0\n
\n After initial recognition, interest-bearing loans \u00a0 and borrowings are subsequently measured \u00a0at amortized cost using effective interest rate \u00a0(EIR) method. Gains and losses are recognized \u00a0in pro\ufb01t or loss when the liabilities are derecog-nized as well as through the EIR amortization \u00a0process. \u00a0\n
\n Derecognition of \ufb01nancial liabilities \u00a0 Financial liabilities are derecognized where \u00a0they are extinguished, i.e., when the obligation \u00a0deriving from the liability has been discharged \u00a0or cancelled, or it has expired. When there is \u00a0an exchange of debt instruments between the \u00a0Group and the counterparty, provided that they \u00a0have substantially different conditions, the \u00a0original \ufb01nancial liability is eliminated, and the \u00a0new \ufb01nancial liability is recognized. Similarly, anysubstantial modi\ufb01cation to the current condi-tions affecting a \ufb01nancial liability is recognized.\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43527_2024": {
"value": "\n d INTANGIBLE \u00a0\n
\n ASSETS \u00a0\n
\n INITIAL RECOGNITION \u00a0\n
\n Intangible assets acquired separately are meas- \u00a0 ured on initial recognition at cost or deemed \u00a0cost. Expenses for research activities are \u00a0recognized through the consolidated income \u00a0statement in the period in which they incurred. \u00a0Development expenditures on the individual \u00a0project are recognized as intangible assets \u00a0from the date the Group can demonstrate that \u00a0the capitalization criteria under IAS 38 are met. \u00a0These include the technical feasibility of com- \u00a0pleting the asset, the intention and ability to \u00a0complete and use or sell it, the ability to gener- \u00a0ate probable future economic bene\ufb01ts, the avail- \u00a0ability of adequate technical, \ufb01nancial, and other \u00a0resources, and the ability to reliably measure the \u00a0expenditure attributable to the asset during its \u00a0development. \u00a0\n
\n This means, among other things, that\u00a0the \u00a0 development activity must lead with suf\ufb01cient \u00a0certainty to future cash in\ufb02ows that also cover \u00a0the corresponding development costs. \u00a0\n
\n The costs capitalized include the cost of \u00a0 materials, direct labor and other directly \u00a0attributable expenditure that serves to prepare \u00a0the asset for use. Such capitalized costs \u00a0are included in line item intangible assets as \u00a0internally generated intangible assets. \u00a0\n
\n Other development costs are expensed as \u00a0 incurred. \u00a0\n
\n SUBSEQUENT MEASUREMENTS \u00a0\n
\n After initial recognition, intangible assets are \u00a0carried at cost less any accumulated amorti- \u00a0zation and any cumulated impairment loss. \u00a0 \n
\n AMORTIZATION \u00a0\n
\n The useful lives of intangible assets are \u00a0 assessed by the General Partner of the Group \u00a0as either finite or indefinite. \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Patents, licenses, | \n Computer software | \n
\n \n | \n trademarks and similar rights | \n | \n
\n \n | Useful lives | \n Finite | \n Finite | \n
\n \n | Amortisation method used | \n Amortised on a straigt-line | \n Amortised on a straigt-line | \n
\n \n | \n basis over the period of use | \n basis over the period of use | \n
\n \n | Internally generated or acquired | \n Acquired | \n Acquired | \n
\n \n | Amortisation period | \n 5-10 years | \n 3-5 years | \n
\n \n
\n
\n Intangible assets with finite lives are amortized \u00a0over the expected useful economic life and \u00a0assessed for impairment whenever there is an \u00a0indication that the other intangible asset may \u00a0be impaired. When there are no foreseeable \u00a0limits to the period over the assets for \u00a0generating net cash inflows, the assets are \u00a0recognized as assets with indefinite useful life. \u00a0Those assets are not amortized but tested for \u00a0impairment loss at least annually. \u00a0 \n
\n Amortization of intangible assets is shown \u00a0 in the consolidated income statement under \u00a0the line item depreciation, amortization and \u00a0impairment expense. \u00a0\n
\n Intangible assets under development are \u00a0 reported at cost and are allocated to intangible \u00a0assets when they are completed and put into \u00a0operational use, from which point onwards they \u00a0are depreciated. \u00a0\n
The Group reviews the residual value, useful life and amortization method of intangible assets at each financial year end. Changes to initially established criteria are accounted for as a change in accounting estimates. Revisionsto accounting estimates are recognized prospectively. Since there were new patents, licenses, trademarks and similar rights, which must be depreciated for the first time in the current financial year, the Group decided during their review to depreciate related assets over 5 years.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43526_2024": {
"value": "\n d INTANGIBLE \u00a0\n
\n ASSETS \u00a0\n
\n INITIAL RECOGNITION \u00a0\n
\n Intangible assets acquired separately are meas- \u00a0 ured on initial recognition at cost or deemed \u00a0cost. Expenses for research activities are \u00a0recognized through the consolidated income \u00a0statement in the period in which they incurred. \u00a0Development expenditures on the individual \u00a0project are recognized as intangible assets \u00a0from the date the Group can demonstrate that \u00a0the capitalization criteria under IAS 38 are met. \u00a0These include the technical feasibility of com- \u00a0pleting the asset, the intention and ability to \u00a0complete and use or sell it, the ability to gener- \u00a0ate probable future economic bene\ufb01ts, the avail- \u00a0ability of adequate technical, \ufb01nancial, and other \u00a0resources, and the ability to reliably measure the \u00a0expenditure attributable to the asset during its \u00a0development. \u00a0\n
\n This means, among other things, that\u00a0the \u00a0 development activity must lead with suf\ufb01cient \u00a0certainty to future cash in\ufb02ows that also cover \u00a0the corresponding development costs. \u00a0\n
\n The costs capitalized include the cost of \u00a0 materials, direct labor and other directly \u00a0attributable expenditure that serves to prepare \u00a0the asset for use. Such capitalized costs \u00a0are included in line item intangible assets as \u00a0internally generated intangible assets. \u00a0\n
\n Other development costs are expensed as \u00a0 incurred. \u00a0\n
\n SUBSEQUENT MEASUREMENTS \u00a0\n
\n After initial recognition, intangible assets are \u00a0carried at cost less any accumulated amorti- \u00a0zation and any cumulated impairment loss. \u00a0 \n
\n AMORTIZATION \u00a0\n
\n The useful lives of intangible assets are \u00a0 assessed by the General Partner of the Group \u00a0as either finite or indefinite. \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Patents, licenses, | \n Computer software | \n
\n \n | \n trademarks and similar rights | \n | \n
\n \n | Useful lives | \n Finite | \n Finite | \n
\n \n | Amortisation method used | \n Amortised on a straigt-line | \n Amortised on a straigt-line | \n
\n \n | \n basis over the period of use | \n basis over the period of use | \n
\n \n | Internally generated or acquired | \n Acquired | \n Acquired | \n
\n \n | Amortisation period | \n 5-10 years | \n 3-5 years | \n
\n \n
\n
\n Intangible assets with finite lives are amortized \u00a0over the expected useful economic life and \u00a0assessed for impairment whenever there is an \u00a0indication that the other intangible asset may \u00a0be impaired. When there are no foreseeable \u00a0limits to the period over the assets for \u00a0generating net cash inflows, the assets are \u00a0recognized as assets with indefinite useful life. \u00a0Those assets are not amortized but tested for \u00a0impairment loss at least annually. \u00a0 \n
\n Amortization of intangible assets is shown \u00a0 in the consolidated income statement under \u00a0the line item depreciation, amortization and \u00a0impairment expense. \u00a0\n
\n Intangible assets under development are \u00a0 reported at cost and are allocated to intangible \u00a0assets when they are completed and put into \u00a0operational use, from which point onwards they \u00a0are depreciated. \u00a0\n
The Group reviews the residual value, useful life and amortization method of intangible assets at each financial year end. Changes to initially established criteria are accounted for as a change in accounting estimates. Revisionsto accounting estimates are recognized prospectively. Since there were new patents, licenses, trademarks and similar rights, which must be depreciated for the first time in the current financial year, the Group decided during their review to depreciate related assets over 5 years.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43554_2024": {
"value": "\n Intangible assets acquired separately are meas- \u00a0 ured on initial recognition at cost or deemed \u00a0cost. Expenses for research activities are \u00a0recognized through the consolidated income \u00a0statement in the period in which they incurred. \u00a0Development expenditures on the individual \u00a0project are recognized as intangible assets \u00a0from the date the Group can demonstrate that \u00a0the capitalization criteria under IAS 38 are met. \u00a0These include the technical feasibility of com- \u00a0pleting the asset, the intention and ability to \u00a0complete and use or sell it, the ability to gener- \u00a0ate probable future economic bene\ufb01ts, the avail- \u00a0ability of adequate technical, \ufb01nancial, and other \u00a0resources, and the ability to reliably measure the \u00a0expenditure attributable to the asset during its \u00a0development. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43490_2024": {
"value": "\n AMORTIZATION \u00a0\n
\n The useful lives of intangible assets are \u00a0 assessed by the General Partner of the Group \u00a0as either finite or indefinite. \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Patents, licenses, | \n Computer software | \n
\n \n | \n trademarks and similar rights | \n | \n
\n \n | Useful lives | \n Finite | \n Finite | \n
\n \n | Amortisation method used | \n Amortised on a straigt-line | \n Amortised on a straigt-line | \n
\n \n | \n basis over the period of use | \n basis over the period of use | \n
\n \n | Internally generated or acquired | \n Acquired | \n Acquired | \n
\n \n | Amortisation period | \n 5-10 years | \n 3-5 years | \n
\n \n
\n
\n Intangible assets with finite lives are amortized \u00a0over the expected useful economic life and \u00a0assessed for impairment whenever there is an \u00a0indication that the other intangible asset may \u00a0be impaired. When there are no foreseeable \u00a0limits to the period over the assets for \u00a0generating net cash inflows, the assets are \u00a0recognized as assets with indefinite useful life. \u00a0Those assets are not amortized but tested for \u00a0impairment loss at least annually. \u00a0 \n
\n Amortization of intangible assets is shown \u00a0 in the consolidated income statement under \u00a0the line item depreciation, amortization and \u00a0impairment expense. \u00a0\n
\n Intangible assets under development are \u00a0 reported at cost and are allocated to intangible \u00a0assets when they are completed and put into \u00a0operational use, from which point onwards they \u00a0are depreciated. \u00a0\n
The Group reviews the residual value, useful life and amortization method of intangible assets at each financial year end. Changes to initially established criteria are accounted for as a change in accounting estimates. Revisionsto accounting estimates are recognized prospectively. Since there were new patents, licenses, trademarks and similar rights, which must be depreciated for the first time in the current financial year, the Group decided during their review to depreciate related assets over 5 years.
\n DEPRECIATION \u00a0\n
\n Property, plant and equipment are depreciated \u00a0 by allocating the depreciable amount of the \u00a0asset on a systematic basis over its useful life. \u00a0The depreciable amount is the cost of an asset \u00a0less its residual value. \u00a0\n
\n The following useful lives are assumed: \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Depreciation | \n \"Estimated | \n
\n \n | \n Method | \n years | \n
\n \n | \n | \n of useful life\" | \n
\n \n | Buildings | \n Straight-line | \n 25 -40 | \n
\n \n | Technical installations | \n Straight-line | \n 5 - 20 | \n
\n \n | and machinery | \n | \n | \n
\n \n | Other installations, | \n Straight-line | \n 4 - 12 | \n
\n \n | equipment and furniture | \n | \n | \n
\n \n
\n
\n Assets under construction are reported at cost \u00a0and are allocated to tangible assets when they \u00a0are completed and put into operational use, from \u00a0which point onwards they are depreciated. \u00a0 \n
\n The Group reviews residual values, useful lifes \u00a0 and depreciation methods on a regular basis \u00a0or by triggering events. Changes to initially \u00a0established criteria are accounted for as a change \u00a0in accounting estimates. \u00a0\n
\n Right-of-use assets are depreciated on a straight- line basis over the shorter of the lease term and \u00a0the estimated useful lives of the assets, as fol- \u00a0lows: \u00a0\n
\n \u2022\n
\n Motor vehicles and other \u00a0\n
\n equipment 3 to 4 years \u00a0\n
\n \u2022\n
\n Of\ufb01ce Space 2 to 5 years \ua880 \u00a0\n
\n The depreciable amount of leased assets is allo- \u00a0 cated to each accounting period during the periodof expected use on a systematic basis consistentwith the depreciation policy for owned assets. \u00a0If the Group is reasonably certain to exercise a \u00a0purchase option, the right-of-use asset is depreci- \u00a0ated over the underlying asset\u2019s useful life. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43545_2024": {
"value": "\n e\n
\n PROPERTY, PLANT \u00a0\n
\n AND EQUIPMENT \u00a0\n
\n INITIAL RECOGNITION \u00a0\n
\n Property, plant and equipment are recognized \u00a0 at cost or deemed cost. Production costs and \u00a0interests (if the asset fulfils the criteria of a \u00a0qualifying asset) which related to the financing \u00a0of acquisitions of tangible assets are capita- \u00a0lized in the consolidated financial statements. \u00a0\n
\n SUBSEQUENT MEASUREMENT \u00a0\n
\n After initial recognition of property, plant and \u00a0equipment are carried at cost less accumulated \u00a0depreciation and any accumulated impairment \u00a0losses, only the costs incurred which increase \u00a0capacity or productivity or which lengthen the \u00a0useful life of the asset are capitalized. The \u00a0carrying amount of parts that are replaced is \u00a0derecognized. Costs of day-to-day servicing arerecognized in consolidated income statement \u00a0as incurred. \u00a0 \n
\n DEPRECIATION \u00a0\n
\n Property, plant and equipment are depreciated \u00a0 by allocating the depreciable amount of the \u00a0asset on a systematic basis over its useful life. \u00a0The depreciable amount is the cost of an asset \u00a0less its residual value. \u00a0\n
\n The following useful lives are assumed: \u00a0\n
\n
\n \n \n \n \n \n \n \n | \n Depreciation | \n \"Estimated | \n
\n \n | \n Method | \n years | \n
\n \n | \n | \n of useful life\" | \n
\n \n | Buildings | \n Straight-line | \n 25 -40 | \n
\n \n | Technical installations | \n Straight-line | \n 5 - 20 | \n
\n \n | and machinery | \n | \n | \n
\n \n | Other installations, | \n Straight-line | \n 4 - 12 | \n
\n \n | equipment and furniture | \n | \n | \n
\n \n
\n
\n Assets under construction are reported at cost \u00a0and are allocated to tangible assets when they \u00a0are completed and put into operational use, from \u00a0which point onwards they are depreciated. \u00a0 \n
\n The Group reviews residual values, useful lifes \u00a0 and depreciation methods on a regular basis \u00a0or by triggering events. Changes to initially \u00a0established criteria are accounted for as a change \u00a0in accounting estimates. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43483_2024": {
"value": "Assets under construction are reported at cost \u00a0and are allocated to tangible assets when they \u00a0are completed and put into operational use, from \u00a0which point onwards they are depreciated. \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43535_2024": {
"value": "\n f\n
\n LEASES \u00a0\n
\n The Group leases various offices, equipment \u00a0 and cars. Rental contracts are typically agreed \u00a0for fixed periods of 5 years but may have \u00a0extension options. Lease terms are negotiated \u00a0on an individual basis and contain a wide range \u00a0of different terms and conditions. The lease \u00a0agreements do not impose any covenants, but \u00a0leased property assets may not be used as \u00a0security for borrowing purposes. \u00a0\n
\n Leases are recognized as a right-of-use \u00a0 asset and a corresponding liability at the \u00a0date at which the leases asset is available \u00a0for use by the Group. The finance cost is \u00a0charged to consolidated income statement of \u00a0comprehensive income over the lease period. \u00a0\n
\n Right-of-use assets are initially measured at \u00a0 their cost. The cost of right-of-use assets \u00a0include the amount of the initial measurement \u00a0of the lease liability, plus any initial direct costs \u00a0incurred, an estimate of costs in dismantling \u00a0and removing the underlying asset or restoring \u00a0the underlying asset or site where it is located \u00a0and lease payments made at or before the \u00a0commencement date less any lease incentives \u00a0received. \u00a0\n
\n For the first time, the lease liability is measured \u00a0 at the present value of the lease payments not \u00a0yet made at the commencement date. Lease \u00a0liabilities include the net present value of the \u00a0following lease payments: \u00a0\n
\n \u2022\n
\n \ufb01xed payments (including in-substance \u00a0 \ufb01xed payments), less any lease incentives \u00a0receivable \u00a0\n
\n \u2022\n
\n variable lease payment that are based on an index or a rate, initially measured using theindex or rate as at the commencement date\n
\n Lease payments to be made under reason- \u00a0 ably certain extension and purchase options \u00a0are also included in the measurement of the \u00a0liability. \u00a0\n
\n The lease liability is measured at amortized \u00a0 cost using the effective interest method. It is \u00a0remeasured whether there is modification or a \u00a0change in the lease term, if future lease\u00a0pay- \u00a0ments change due to a change in an index or \u00a0rate used to determine such lease payments, or \u00a0if the Group changes its estimate of the exer- \u00a0cise of an option to purchase the underlying \u00a0asset. \u00a0\n
\n When the lease liability is remeasured in this \u00a0 way, the carrying amount of the right-of-use\u00a0as- \u00a0set is adjusted accordingly, or a corresponding \u00a0adjustment is made through profit or loss if the \u00a0carrying amount of the right-of-use asset has \u00a0been reduced to zero. \u00a0\n
\n The lease payments are discounted using the \u00a0 interest rate implicit in the lease. If that rate \u00a0cannot be determined, the lessee\u2019s incremental \u00a0borrowing rate is used, being the rate that the \u00a0lessee would have to pay to borrow the funds \u00a0necessary to obtain an asset of similar value \u00a0in a similar economic environment with similar \u00a0terms and conditions. \u00a0\n
\n To determine the incremental borrowing rate, \u00a0 the Group: \u00a0\n
\n \u2022\n
\n where possible, uses recent third-party \u00a0 \ufb01nancing received by the individual lessee as \u00a0a starting point, adjusted to re\ufb02ect changes \u00a0in \ufb01nancing conditions since third party \u00a0\ufb01nancing was received \u00a0\n
\n \u2022\n
\n makes adjustments speci\ufb01c to the lease, e.g. \u00a0 term, country, currency and security. \u00a0\n
\n The Group is exposed to potential future increases \u00a0 in variable lease payments based on an index or \u00a0rate, which are not included in the lease liability \u00a0until they take effect. When adjustments to lease \u00a0payments based on an index or rate take effect, \u00a0the leases liability is reassessed and adjusted \u00a0against the right-of-use asset. \u00a0\n
\n Lease payments are allocated between liability \u00a0 and \ufb01nance cost. The \ufb01nance cost is charged to \u00a0pro\ufb01t or loss over the lease period. Right-of-use \u00a0assets are measured at cost comprising the fol- \u00a0lowing: \u00a0\n
\n \u2022\n
\n the amount of the initial measurement of \u00a0 lease liability \u00a0\n
\n \u2022\n
\n any lease payments made at or before the \u00a0 commencement date less any lease incen- \u00a0tives received \u00a0\n
\n \u2022\n
\n any initial direct costs, and \u00a0\n
\n \u2022\n
\n restoration costs. \u00a0\n
\n Right-of-use assets are depreciated on a straight- line basis over the shorter of the lease term and \u00a0the estimated useful lives of the assets, as fol- \u00a0lows: \u00a0\n
\n \u2022\n
\n Motor vehicles and other \u00a0\n
\n equipment 3 to 4 years \u00a0\n
\n \u2022\n
\n Of\ufb01ce Space 2 to 5 years \ua880 \u00a0\n
\n The depreciable amount of leased assets is allo- \u00a0 cated to each accounting period during the periodof expected use on a systematic basis consistentwith the depreciation policy for owned assets. \u00a0If the Group is reasonably certain to exercise a \u00a0purchase option, the right-of-use asset is depreci- \u00a0ated over the underlying asset\u2019s useful life. \u00a0\n
\n Payments associated with short-term leases \u00a0(lease term of 12 months or less) and leases \u00a0of low-value assets (below EUR 5,000) are \u00a0recognized on a straight-line basis as an expensein pro\ufb01t or loss. \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43509_2024": {
"value": "\n These assets are initially measured at fair value, \u00a0plus any transaction costs, and then subse- \u00a0quently at amortized cost. The interest accrued \u00a0is taken to the consolidated income statement \u00a0applying the effective interest method. Nonethe- \u00a0less, financial assets falling due one year or less \u00a0without a contractual interest rate are initially \u00a0and subsequently measured at their nominal \u00a0amount, if the effect of upgrading the cash \u00a0flows is insignificant. \u00a0 \n
\n Impairment of \ufb01nancial assets at \u00a0 amortized cost \u00a0\n
\n The Group recognizes value adjustments relat- \u00a0 ing to expected credit losses on financial assets \u00a0and contract assets measured at amortized \u00a0cost. \u00a0\n
\n The Group applies the simplified approach of \u00a0 calculating the expected credit loss of its finan- \u00a0cial assets. \u00a0\n
\n The simplified approach considers expected \u00a0 losses for lifetime plus any additional provision- \u00a0ing if additional indicators for credit losses were \u00a0indicated. The Group assumes that the credit \u00a0risk of a financial instrument has not increased \u00a0significantly since its initial recognition if the \u00a0financial instrument has a low credit risk at the \u00a0closing date. \u00a0\n
\n (i) De\ufb01nition of default \u00a0\n
\n The\u00a0Group considers the following as constitu- \u00a0 ting an event of default for internal credit risk \u00a0management purposes as historical experience \u00a0indicates that financial assets that meet either \u00a0of\u00a0the following criteria are generally not recov- \u00a0erable: \u00a0\n
\n h\n
\n FINANCIAL \u00a0\n
\n INSTRUMENTS \u00a0\n
\n A financial instrument is any contract that gives rise to a financial asset of one entity\u00a0and a \u00a0financial liability or equity instrument of\u00a0an- \u00a0other entity. Financial instruments in the formof financial assets and financial liabilities aregenerally presented separately. Financial instru-ments are recognized as soon as the Group \u00a0becomes a party to the contractual provisionsof the financial instrument. In the case of \u00a0purchases or sales of financial assets throughthe regular market, H2APEX uses the settle- \u00a0ment date as the date of initial recognition or \u00a0derecognition. Upon initial recognition, financialinstruments are measured at fair value. \u00a0\n
\n FINANCIAL ASSETS \u00a0\n
\n Classi\ufb01cation and measurement \u00a0 The Group classifies and measures its financialassets, both current and non-current, as \u00a0follows: \u00a0\n
\n Assets at amortized cost \u00a0\n
\n This category includes the financial assets that meet the following conditions: \u00a0\n
\n \u2022\n
\n The asset is held within the framework of a \u00a0 business model whose purpose is to hold \u00a0\ufb01nancial assets in order to obtain contrac-tual cash \ufb02ows, and\n
\n \u2022\n
\n The contractual conditions of the \ufb01nancial asset give rise, on speci\ufb01ed dates, to cash\ufb02ows constituting solely payments of princi-pal plus interest on the outstanding princi-ple. \u00a0\n
\n When there is a breach of financial \u00a0 covenants by the debtor \u00a0\n
\n Information developed internally or obtained \u00a0 from external sources indicates that the \u00a0debtor is unlikely to pay its creditors, includ- \u00a0ing the Group, in full (without taking into \u00a0account any collateral held by the Group). \u00a0\n
\n Irrespective of the above analysis, the Group \u00a0 considers that default has occurred when a \u00a0financial asset is more than 180 days past dueunless the Group has reasonable and support-able information to demonstrate that a more \u00a0lagging default criterion is more appropriate. \u00a0\n
\n (ii) Credit-impaired \ufb01nancial assets \u00a0 A financial asset is credit-impaired when one \u00a0or more events that have a detrimental impact \u00a0on the estimated future cash flows of that \u00a0financial asset have occurred. Evidence that \u00a0a financial asset is credit-impaired includes \u00a0observable data about the following events: \u00a0\n
\n \u2022\n
\n Significant financial difficulty of the issuer or the borrower \u00a0\n
\n \u2022\n
\n A breach of contract, such as a default or \u00a0 past due event (see (i) above) \u00a0\n
\n \u2022\n
\n The lender(s) of the borrower, for economic or contractual reasons relating to the bor- \u00a0rower\u2019s financial difficulty, having granted \u00a0to the borrower a concession(s) that the \u00a0lender(s) would not otherwise consider \u00a0\n
\n \u2022\n
\n It is becoming probable that the borrower \u00a0 will enter bankruptcy or other financial \u00a0reorganization \u00a0\n
\n \u2022\n
\n The disappearance of an active market for that financial asset because of financial \u00a0difficulties \u00a0\n
\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
\n SUBSEQUENT MEASUREMENT \u00a0\n
\n Derecognition of \ufb01nancial assets \u00a0 Financial assets are derecognized when the con- \u00a0tractual rights to the cash \ufb02ows from the \ufb01nancial \u00a0asset expire or have been transferred or partially \u00a0transferred (risk sharing) and substantially all the \u00a0risks and rewards of ownership are considered to \u00a0have been transferred. \u00a0\n
\n On derecognition of a \ufb01nancial asset, the differ- \u00a0 ence between the carrying amount and the sum \u00a0of the consideration received, net of transaction \u00a0costs, including any new asset obtained less any \u00a0new liability assumed and any cumulative gain or \u00a0loss deferred in other comprehensive income, is \u00a0recognized in consolidated income statement. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43564_2024": {
"value": "\n Impairment of \ufb01nancial assets at \u00a0 amortized cost \u00a0\n
\n The Group recognizes value adjustments relat- \u00a0 ing to expected credit losses on financial assets \u00a0and contract assets measured at amortized \u00a0cost. \u00a0\n
\n The Group applies the simplified approach of \u00a0 calculating the expected credit loss of its finan- \u00a0cial assets. \u00a0\n
\n The simplified approach considers expected \u00a0 losses for lifetime plus any additional provision- \u00a0ing if additional indicators for credit losses were \u00a0indicated. The Group assumes that the credit \u00a0risk of a financial instrument has not increased \u00a0significantly since its initial recognition if the \u00a0financial instrument has a low credit risk at the \u00a0closing date. \u00a0\n
\n (ii) Credit-impaired \ufb01nancial assets \u00a0 A financial asset is credit-impaired when one \u00a0or more events that have a detrimental impact \u00a0on the estimated future cash flows of that \u00a0financial asset have occurred. Evidence that \u00a0a financial asset is credit-impaired includes \u00a0observable data about the following events: \u00a0\n
\n \u2022\n
\n Significant financial difficulty of the issuer or the borrower \u00a0\n
\n \u2022\n
\n A breach of contract, such as a default or \u00a0 past due event (see (i) above) \u00a0\n
\n \u2022\n
\n The lender(s) of the borrower, for economic or contractual reasons relating to the bor- \u00a0rower\u2019s financial difficulty, having granted \u00a0to the borrower a concession(s) that the \u00a0lender(s) would not otherwise consider \u00a0\n
\n \u2022\n
\n It is becoming probable that the borrower \u00a0 will enter bankruptcy or other financial \u00a0reorganization \u00a0\n
\n \u2022\n
\n The disappearance of an active market for that financial asset because of financial \u00a0difficulties \u00a0\n
\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43522_2024": {
"value": "\n Impairment of \ufb01nancial assets at \u00a0 amortized cost \u00a0\n
\n The Group recognizes value adjustments relat- \u00a0 ing to expected credit losses on financial assets \u00a0and contract assets measured at amortized \u00a0cost. \u00a0\n
\n The Group applies the simplified approach of \u00a0 calculating the expected credit loss of its finan- \u00a0cial assets. \u00a0\n
\n The simplified approach considers expected \u00a0 losses for lifetime plus any additional provision- \u00a0ing if additional indicators for credit losses were \u00a0indicated. The Group assumes that the credit \u00a0risk of a financial instrument has not increased \u00a0significantly since its initial recognition if the \u00a0financial instrument has a low credit risk at the \u00a0closing date. \u00a0\n
\n (ii) Credit-impaired \ufb01nancial assets \u00a0 A financial asset is credit-impaired when one \u00a0or more events that have a detrimental impact \u00a0on the estimated future cash flows of that \u00a0financial asset have occurred. Evidence that \u00a0a financial asset is credit-impaired includes \u00a0observable data about the following events: \u00a0\n
\n \u2022\n
\n Significant financial difficulty of the issuer or the borrower \u00a0\n
\n \u2022\n
\n A breach of contract, such as a default or \u00a0 past due event (see (i) above) \u00a0\n
\n \u2022\n
\n The lender(s) of the borrower, for economic or contractual reasons relating to the bor- \u00a0rower\u2019s financial difficulty, having granted \u00a0to the borrower a concession(s) that the \u00a0lender(s) would not otherwise consider \u00a0\n
\n \u2022\n
\n It is becoming probable that the borrower \u00a0 will enter bankruptcy or other financial \u00a0reorganization \u00a0\n
\n \u2022\n
\n The disappearance of an active market for that financial asset because of financial \u00a0difficulties \u00a0\n
\n (iii) Write-off policy \u00a0\n
\n The Group writes off a financial asset when \u00a0 there is information indicating that the debtor \u00a0is in severe financial difficulty and there is no \u00a0realistic prospect of recovery, e.g. when the \u00a0debtor has been placed under liquidation or hasentered into bankruptcy proceedings, or in the \u00a0case of trade receivables, when the amounts \u00a0are over two years past due, whichever oc- \u00a0curs sooner. Financial assets written off may \u00a0still be subject to enforcement activities under \u00a0the Group\u2019s recovery procedures, taking into \u00a0account legal advice where appropriate. Any \u00a0recoveries made are recognized in pro\ufb01t or loss. \u00a0\n
\n Impairment losses and reversals of impairment \u00a0 losses on trade receivables as well as contract \u00a0assets and other financial assets at amortized \u00a0cost are recognized in depreciation, amortisa- \u00a0tion and impairment expenses in the consoli- \u00a0dated income statement. \u00a0\n
\n Cash and cash equivalents, trade receivables, \u00a0 loan and other \ufb01nancial assets are measured \u00a0initially at fair value while the subsequent \u00a0measurement is at amortized cost. During the \u00a0year ended 31 December 2024, Impairment of \u00a0kEUR 273 were recognized (2023: kEUR 307), \u00a0thereof impairment losses on receivables \u00a0or contract assets arising from an entity\u2019s \u00a0contracts with customers in the amount of \u00a0kEUR 5 (2023: kEUR 32). These recognized \u00a0impairment losses relate to expected credit \u00a0losses. The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43513_2024": {
"value": "\n h\n
\n FINANCIAL \u00a0\n
\n INSTRUMENTS \u00a0\n
\n A financial instrument is any contract that gives rise to a financial asset of one entity\u00a0and a \u00a0financial liability or equity instrument of\u00a0an- \u00a0other entity. Financial instruments in the formof financial assets and financial liabilities aregenerally presented separately. Financial instru-ments are recognized as soon as the Group \u00a0becomes a party to the contractual provisionsof the financial instrument. In the case of \u00a0purchases or sales of financial assets throughthe regular market, H2APEX uses the settle- \u00a0ment date as the date of initial recognition or \u00a0derecognition. Upon initial recognition, financialinstruments are measured at fair value. \u00a0\n
\n FINANCIAL LIABILITIES \u00a0\n
\n Classi\ufb01cation and measurement of \ufb01nancial \u00a0 liabilities \u00a0\n
\n Financial liabilities are classi\ufb01ed at initial recogni- \u00a0 tion and initially measured at fair value, plus or \u00a0minus transaction costs, depending on the type \u00a0of \ufb01nancial instrument. \u00a0\n
Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0\n Derecognition of \ufb01nancial liabilities \u00a0 Financial liabilities are derecognized where \u00a0they are extinguished, i.e., when the obligation \u00a0deriving from the liability has been discharged \u00a0or cancelled, or it has expired. When there is \u00a0an exchange of debt instruments between the \u00a0Group and the counterparty, provided that they \u00a0have substantially different conditions, the \u00a0original \ufb01nancial liability is eliminated, and the \u00a0new \ufb01nancial liability is recognized. Similarly, anysubstantial modi\ufb01cation to the current condi-tions affecting a \ufb01nancial liability is recognized.\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43491_2024": {
"value": "\n SUBSEQUENT MEASUREMENT \u00a0\n
\n Derecognition of \ufb01nancial assets \u00a0 Financial assets are derecognized when the con- \u00a0tractual rights to the cash \ufb02ows from the \ufb01nancial \u00a0asset expire or have been transferred or partially \u00a0transferred (risk sharing) and substantially all the \u00a0risks and rewards of ownership are considered to \u00a0have been transferred. \u00a0\n
\n On derecognition of a \ufb01nancial asset, the differ- \u00a0 ence between the carrying amount and the sum \u00a0of the consideration received, net of transaction \u00a0costs, including any new asset obtained less any \u00a0new liability assumed and any cumulative gain or \u00a0loss deferred in other comprehensive income, is \u00a0recognized in consolidated income statement. \u00a0\n
\n Derecognition of \ufb01nancial liabilities \u00a0 Financial liabilities are derecognized where \u00a0they are extinguished, i.e., when the obligation \u00a0deriving from the liability has been discharged \u00a0or cancelled, or it has expired. When there is \u00a0an exchange of debt instruments between the \u00a0Group and the counterparty, provided that they \u00a0have substantially different conditions, the \u00a0original \ufb01nancial liability is eliminated, and the \u00a0new \ufb01nancial liability is recognized. Similarly, anysubstantial modi\ufb01cation to the current condi-tions affecting a \ufb01nancial liability is recognized.\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43563_2024": {
"value": "Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43512_2024": {
"value": "Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43478_2024": {
"value": "Financial liabilities are classi\ufb01ed, at initial recogni- \u00a0tion, as \ufb01nancial liabilities at fair value through \u00a0pro\ufb01t or loss, loans and borrowings, payables as \u00a0appropriate. The Group determines the classi\ufb01ca- \u00a0\n tion of its \ufb01nancial liabilities at initial recognition.\n \u00a0\n Loans and borrowings \u00a0\n
\n After initial recognition, interest-bearing loans \u00a0 and borrowings are subsequently measured \u00a0at amortized cost using effective interest rate \u00a0(EIR) method. Gains and losses are recognized \u00a0in pro\ufb01t or loss when the liabilities are derecog-nized as well as through the EIR amortization \u00a0process. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43549_2024": {
"value": "\n i\n
\n CONTRACT BALANCES \u00a0\n
\n CONTRACT ASSETS \u00a0\n
\n A contract asset is initially recognized for rev- \u00a0 enue earned from customer projects because \u00a0the receipt of consideration is conditional on \u00a0successful completion of the project. Upon \u00a0completion of the project and acceptance by \u00a0the customer, the amount recognized as con- \u00a0tract assets is reclassified to trade receivables. \u00a0\n
\n CONTRACT LIABILITIES \u00a0\n
\n Contract liabilities are recognized in relation to prepayments of customers, where the delivery \u00a0of the related service will happen over time. \u00a0\n
\n n\n
\n RECOGNITION \u00a0\n
\n OF REVENUE \u00a0\n
\n The Group is in the business of providing ser- \u00a0 vices and products in the field of regenerative \u00a0energies. Revenue from contract with custom- \u00a0ers is recognized when control of the goods and \u00a0project services are transferred to the custom- \u00a0ers. The Group assesses whether a transaction \u00a0is comprised of different components, in order \u00a0to apply the appropriate income recognition \u00a0criteria to each one. Revenue from providing \u00a0service and selling goods are recognized at the \u00a0fair value of the consideration received or receiv- \u00a0able. \u00a0\n
\n REVENUE FROM PROJECT DEVELOPMENT \u00a0\n
\n The Group recognises revenue from project \u00a0 development over time any other use of the \u00a0developed project would burden the contrac- \u00a0tor with considerable losses, no alternative use \u00a0outside of the intended use can be attested for \u00a0the service. The agreements made in project \u00a0development contracts guarantee the Group ap- \u00a0propriate remuneration for the services rendered \u00a0in each case. \u00a0\n
\n The Group uses an input method in measuring \u00a0 progress input-orientated according to the cost- \u00a0to-cost method. The cost-oriented approach to \u00a0performance measurement is based on the ratio \u00a0of the fulfilment costs incurred up to the assess- \u00a0ment date to the total costs expected for the \u00a0provision of the services owed. \u00a0\n
\n The Group regularly checks if the contract is \u00a0 onerous and make provision where appropriate. \u00a0\n
\n REVENUE FROM OWN OPERATIONS \u00a0\n
\n Revenue from own operations is recognized at \u00a0 the point in time when the delivery is made to \u00a0the customer. \u00a0\n
\n Revenue from own operations refers to income generated from the sale of hydrogen, lease \u00a0or sale of hydrogen storage and fueling infra- \u00a0structure, and other product-related business \u00a0activities. \u00a0\n
\n Revenue is recognized at the point in time \u00a0 when the control of the goods is transferred to \u00a0the customer, typically upon delivery. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43518_2024": {
"value": "\n j\n
\n GOVERNMENT GRANTS \u00a0\n
\n Government grants are recognized at fair value \u00a0 if there is reasonable assurance that the grant \u00a0will be received, and the Group will comply with \u00a0all\u00a0attached conditions. Government grants \u00a0include short allowance for the employee and \u00a0non-repayable subsidy granted by the govern- \u00a0ment whose purpose is to finance intangible \u00a0assets. \u00a0\n
\n Grants awarded for the purchase, or the produc- \u00a0 tion of fixed assets (grants related to assets), \u00a0are generally offset against the acquisition or \u00a0production costs of the respective assets and \u00a0reduce future depreciations accordingly. Grants \u00a0awarded for other than non-current assets \u00a0(grants related to income) are reported in the \u00a0consolidated income statement under the same \u00a0functional\u00a0area as the corresponding expenses. \u00a0They are recognized as income over the periods \u00a0necessary to match them on a systematic basis \u00a0to the costs that are intended to be compen- \u00a0sated. Government grants for future expenses \u00a0are recorded as deferred income. In the financial \u00a0year government grants are recognized in other \u00a0income kEUR 153 (2023: kEUR 484) using the \u00a0income approach. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43500_2024": {
"value": "\n k\n
\n EMPLOYEE BENEFITS \u00a0\n
\n SHORT-TERM EMPLOYEE BENEFITS \u00a0\n
\n Short-term employee benefits are expected to \u00a0 be settled in full before 12 months after the end \u00a0of the reporting period in which the employees \u00a0render the related services. \u00a0\n
\n The Group recognizes the expected cost of \u00a0 profit-sharing and bonus plans when it has a \u00a0present legal or constructive obligation to make \u00a0such payments because of past events and a \u00a0reliable estimate of the obligation can be made. \u00a0\n
\n REDUNDANCY INDEMNITIES \u00a0\n
\n Pursuant to current employment law, in cer- \u00a0 tain circumstances the Group is liable to pay \u00a0redundancy indemnities to employees whose \u00a0services are discontinued, which will happen \u00a0over time. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43562_2024": {
"value": "\n REDUNDANCY INDEMNITIES \u00a0\n
\n Pursuant to current employment law, in cer- \u00a0 tain circumstances the Group is liable to pay \u00a0redundancy indemnities to employees whose \u00a0services are discontinued, which will happen \u00a0over time. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43558_2024": {
"value": "\n l\n
\n SHARE-BASED \u00a0\n
\n PAYMENTS \u00a0\n
\n Stock Options granted to a participant will vest in instalments over a four-year vesting period \u00a0as follows: The Stock Options shall vest by \u00a01/16 for each full quarter of a year following thegrant date subject to the condition that a periodof twelve (12) months following the grant date \u00a0(the \u201ccliff period\u201d) has expired (each date on \u00a0which Stock Options vest, a \u201cvesting date\u201d). \u00a0The Company granted in total 2,850,000 StockOptions, while 155,625 Stock Options were for-feited. By 31 December 2024 2,694,375 Stock \u00a0Options are outstanding under these terms and \u00a0conditions. 2,190,000 Stock Options have beengranted under these terms and conditions. \u00a0\n
\n 660,000 Stock Options were granted to Lien \u00a0 HoldCo (related party to Roland Lienau). TheseStock Options are fully vested as of \u00a0the acceptance and must be exercised by \u00a031 December 2028 (\u201cExpiry Date\u201d). \u00a0\n
\n Any time period in which the participant does \u00a0 not work for H2APEX Group and H2APEX \u00a0Group does not owe the whole compensation \u00a0agreed under the employment or service agree-ment to the participant, as applicable (e.g., inthe case of extended periods of illness, uncom-pensated release from duty to work, parentalleave, excluding for the avoidance of doubt, ma-ternity leave) shall suspend the vesting of StockOptions for that time period and the four-year \u00a0vesting period will be extended accordingly. \u00a0\n
\n The Stock Option Plan (SOP) does not include \u00a0 any market conditions. \u00a0\n
\n The fair value of the Stock Options is estimated \u00a0 at the grant date using the binomial option pric- \u00a0ing model, considering the terms and conditions \u00a0on which the Stock Options were granted.\u00a0The \u00a0Stock Options can be exercised within five years \u00a0following the vesting date. There are no cash \u00a0settlement alternatives. The Group does\u00a0not \u00a0have past practice of cash settlement for these \u00a0Stock Options. \u00a0\n
\n The Group accounts for the Stock Options as \u00a0 an equity-settled plan. While the legal terms of \u00a0the SOP 2023 provide the granting entity with \u00a0the choice between equity settlement and cash \u00a0settlement, the Group accounts for the awards \u00a0as equity-settled in accordance with IFRS 2.41, \u00a0based on its established practice and for opera- \u00a0tional practicability. Accordingly, no liability is \u00a0recognized, and the awards are measured at fair \u00a0value at grant date without subsequent remeas- \u00a0urement. \u00a0\n
\n The grant date fair value of equity-settled \u00a0 share-based payments arrangements granted \u00a0to employees is recognized as an expense \u00a0with a corresponding increase in equity, over \u00a0the vesting period of the awards. The amount \u00a0recognized as an expense is adjusted to reflect \u00a0the number of awards for which the related \u00a0service and non-market performance condi- \u00a0tions are expected to be met, such that the \u00a0amount ultimately recognized is based on the \u00a0number of awards that meet the related service \u00a0and non-market performance conditions at the \u00a0vesting date. For share-based payment awards \u00a0with non-vesting conditions, the grant-date fair \u00a0value of the share-based payment is measured \u00a0to reflect such conditions and there is no true- \u00a0up for differences between expected and actual \u00a0outcomes. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43546_2024": {
"value": "\n m PROVISIONS \u00a0\n
\n Provisions are recognized when the Group \u00a0 has a present obligation, legal or constructive \u00a0arising from a past event, it is probable that \u00a0an outflow of resources embodying economic \u00a0benefits will be required to settle the obliga- \u00a0tion, and a reliable estimate can be made of theamount of the obligation. \u00a0\n
\n The amounts recognized in the consolidated \u00a0 statement of financial position as a provision \u00a0is the best estimate of the expenditure requiredto settle the present obligation at the end of thereporting period, taking into account all risks \u00a0and uncertainties surrounding the amount to be \u00a0recognized as a provision and, where the time \u00a0value of money is material, the financial effect \u00a0of discounting provided that the expenditure tobe made each period can be reliably estimated.The discount rate is determined before taxes, \u00a0considering money temporary value, as well\u00a0asthe specific risks that have not been consid- \u00a0ered in the future flows related to the provision \u00a0at each closing date. \u00a0\n
\n Single obligations are valued by the individual \u00a0 outcome that is most probable. \u00a0\n
\n If it is not probable that an outflow of resources will be required to settle an obligation, the pro-vision is reversed. The reversal is made againstthe consolidated income statement items in \u00a0which the corresponding expense was record- \u00a0ed and the excess, if any, is recognized under \u00a0other income. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43477_2024": {
"value": "\n o\n
\n BORROWING COSTS \u00a0\n
\n Borrowing cost directly attributable to the ac- \u00a0 quisition, construction or production of assets \u00a0that necessarily takes a substantial period to \u00a0get ready for its intended use are capitalized aspart of the cost of the assets. All other borrow-ing cost are expensed in the period in which \u00a0they occur. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43524_2024": {
"value": "\n p\n
\n INCOME TAX \u00a0\n
\n The year\u2019s income tax expense or benefit \u00a0 comprises current tax and deferred tax. Current \u00a0and deferred tax are recognized as income or \u00a0an expense and included in the Consolidated \u00a0statement of comprehensive income, except to \u00a0the extent that the tax arises from a transac- \u00a0tion or event which is recognized, in the same \u00a0or a different year, directly in equity, or from a \u00a0business combination. \u00a0\n
\n The Group recognizes deductions for \u00a0 investment by applying the recognition and \u00a0measurement criteria of the assets for current \u00a0or deferred tax, unless they have the nature \u00a0of a grant. If the deductions have the nature \u00a0of a grant, they are recognized, presented \u00a0and valued by applying the corresponding \u00a0accounting policy. For these purposes, the \u00a0Group considers that the deductions whose \u00a0application is independent of the existence of a \u00a0positive integral fee and that have substantive \u00a0operational conditions additional to the \u00a0realization or maintenance of the investment \u00a0are subsidized. \u00a0\n
\n CURRENT TAX \u00a0\n
\n Current income tax assets and liabilities \u00a0 are measured at the amount expected to \u00a0be recovered from or paid to tax authorities \u00a0using the tax rates and tax laws enacted or \u00a0substantially enacted at the reporting date \u00a0where the consolidated entity is domiciled. \u00a0Management periodically evaluates positions \u00a0taken in tax returns with respect to situations in \u00a0which applicable tax regulations are subject to \u00a0interpretation and establishes provisions where \u00a0appropriate. \u00a0\n
\n The companies of the H2APEX Group are \u00a0 subject to German income tax respectively \u00a0Luxembourg income tax. \u00a0\n
\n DEFERRED TAX \u00a0\n
\n Deferred income tax is provided, using\u00a0the \u00a0 liability method, on all temporary differences \u00a0at the balance sheet date between the tax \u00a0bases of assets and liabilities and their carryingamounts for financial reporting purposes.Deferred tax liabilities are the amounts payablein the future as income tax related to taxable \u00a0temporary differences while deferred tax \u00a0assets are the amounts to be recovered as \u00a0income tax due to the existence of deductible \u00a0temporary differences, taxable negative tax \u00a0bases or deductions pending application. \u00a0\n
\n RECOGNITION OF DEFERRED \u00a0\n
\n TAX LIABILITIES \u00a0\n
\n The Group recognizes deferred tax liabilities in \u00a0 all cases except if: \u00a0\n
\n \u2022\n
\n when the deferred tax liability arises from \u00a0 the initial recognition of goodwill or an \u00a0asset or liability in a transaction that is \u00a0not a business combination and, at the \u00a0time of the transaction, affects neither the \u00a0accounting profit nor taxable profit or loss \u00a0and does not give rise to equal taxable and \u00a0deductible temporary differences \u00a0\n
\n \u2022\n
\n in respect of taxable temporary differences \u00a0 associated with investments in subsidiar- \u00a0ies, branches and associates and interests \u00a0in joint arrangements, when the timing of \u00a0the reversal of the temporary differences \u00a0can be controlled and it is probable that \u00a0the temporary differences will not reverse \u00a0in the foreseeable future. \u00a0\n
\n RECOGNITION OF DEFERRED TAX ASSETS \u00a0\n
\n Deferred tax assets are recognized for all \u00a0 deductible temporary differences, the carry for- \u00a0ward of unused tax credits and any unused tax \u00a0losses. Deferred tax assets are recognized to \u00a0the extent that it is probable that taxable profit \u00a0will be available against which the deductible \u00a0temporary differences, the carry forward of \u00a0unused tax credits and unused tax losses can \u00a0be utilized, except: \u00a0\n
\n \u2022\n
\n when the deferred tax asset arises from \u00a0 the initial recognition of an asset or liabil- \u00a0ity in a transaction that is not a business \u00a0combination, at the time of the transaction, \u00a0affects neither the accounting profit nor \u00a0taxable profit or loss and does not give rise \u00a0to equal taxable and deductible temporary \u00a0differences \u00a0\n
\n \u2022\n
\n in respect of deductible temporary dif- \u00a0 ferences associated with investments in \u00a0subsidiaries, associates and interests in \u00a0joint arrangements, deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that the temporary differences \u00a0will reverse in the foreseeable future and \u00a0taxable profit will be available against \u00a0which the temporary differences can be \u00a0utilized. \u00a0\n
\n It is considered probable that the Group has \u00a0 sufficient tax profits to recover deferred tax \u00a0assets, provided there are temporary differen- \u00a0ces taxable in sufficient amount, related to the \u00a0same tax authority and to the same taxpayer, \u00a0the reversal of which is expected in the same \u00a0fiscal year in which the deductible temporary \u00a0differences are expected to reverse or in years \u00a0in which a tax loss, arising from a deductible \u00a0temporary difference, can be offset by previous \u00a0or subsequent earnings. \u00a0\n
\n In order to determine future tax profits, the \u00a0 Group takes into account tax planning oppor- \u00a0tunities, provided that it intends to adopt them \u00a0or is probable to adopt them. \u00a0\n
\n OFFSETTING OF TAX ASSETS \u00a0\n
\n AND LIABILITIES \u00a0\n
\n The Group only offsets current tax assets\u00a0and \u00a0 liabilities if there is a legal right against the tax \u00a0authorities and intention to settle the resulting \u00a0tax due at their net amount or to realize the \u00a0assets and settle the liability simultaneously. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43489_2024": {
"value": "\n DEFERRED TAX \u00a0\n
\n Deferred income tax is provided, using\u00a0the \u00a0 liability method, on all temporary differences \u00a0at the balance sheet date between the tax \u00a0bases of assets and liabilities and their carryingamounts for financial reporting purposes.Deferred tax liabilities are the amounts payablein the future as income tax related to taxable \u00a0temporary differences while deferred tax \u00a0assets are the amounts to be recovered as \u00a0income tax due to the existence of deductible \u00a0temporary differences, taxable negative tax \u00a0bases or deductions pending application. \u00a0\n
\n RECOGNITION OF DEFERRED \u00a0\n
\n TAX LIABILITIES \u00a0\n
\n The Group recognizes deferred tax liabilities in \u00a0 all cases except if: \u00a0\n
\n \u2022\n
\n when the deferred tax liability arises from \u00a0 the initial recognition of goodwill or an \u00a0asset or liability in a transaction that is \u00a0not a business combination and, at the \u00a0time of the transaction, affects neither the \u00a0accounting profit nor taxable profit or loss \u00a0and does not give rise to equal taxable and \u00a0deductible temporary differences \u00a0\n
\n \u2022\n
\n in respect of taxable temporary differences \u00a0 associated with investments in subsidiar- \u00a0ies, branches and associates and interests \u00a0in joint arrangements, when the timing of \u00a0the reversal of the temporary differences \u00a0can be controlled and it is probable that \u00a0the temporary differences will not reverse \u00a0in the foreseeable future. \u00a0\n
\n RECOGNITION OF DEFERRED TAX ASSETS \u00a0\n
\n Deferred tax assets are recognized for all \u00a0 deductible temporary differences, the carry for- \u00a0ward of unused tax credits and any unused tax \u00a0losses. Deferred tax assets are recognized to \u00a0the extent that it is probable that taxable profit \u00a0will be available against which the deductible \u00a0temporary differences, the carry forward of \u00a0unused tax credits and unused tax losses can \u00a0be utilized, except: \u00a0\n
\n \u2022\n
\n when the deferred tax asset arises from \u00a0 the initial recognition of an asset or liabil- \u00a0ity in a transaction that is not a business \u00a0combination, at the time of the transaction, \u00a0affects neither the accounting profit nor \u00a0taxable profit or loss and does not give rise \u00a0to equal taxable and deductible temporary \u00a0differences \u00a0\n
\n \u2022\n
\n in respect of deductible temporary dif- \u00a0 ferences associated with investments in \u00a0subsidiaries, associates and interests in \u00a0joint arrangements, deferred tax assets \u00a0are recognized only to the extent that it is \u00a0probable that the temporary differences \u00a0will reverse in the foreseeable future and \u00a0taxable profit will be available against \u00a0which the temporary differences can be \u00a0utilized. \u00a0\n
\n It is considered probable that the Group has \u00a0 sufficient tax profits to recover deferred tax \u00a0assets, provided there are temporary differen- \u00a0ces taxable in sufficient amount, related to the \u00a0same tax authority and to the same taxpayer, \u00a0the reversal of which is expected in the same \u00a0fiscal year in which the deductible temporary \u00a0differences are expected to reverse or in years \u00a0in which a tax loss, arising from a deductible \u00a0temporary difference, can be offset by previous \u00a0or subsequent earnings. \u00a0\n
\n In order to determine future tax profits, the \u00a0 Group takes into account tax planning oppor- \u00a0tunities, provided that it intends to adopt them \u00a0or is probable to adopt them. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43556_2024": {
"value": "\n 3. SEGMENT INFORMATION \u00a0\n
\n For management purposes, the Group is organ- \u00a0 ised into business units based on its products \u00a0and services and has three reportable segments,as follows: \u00a0\n
\n PROJECT DEVELOPMENT \u00a0\n
\n The Project Development Segment includes all \u00a0 project development and system integration for \u00a0third-party hydrogen plants. The turnkey solu- \u00a0tions for the supply of hydrogen are modular, \u00a0techagnostic and tailor-made to comply with \u00a0complex and diverse customer requirements. \u00a0\n
\n OWN OPERATIONS \u00a0\n
\n The Own Operations Segment includes the pro- \u00a0 duction and selling of green hydrogen as well as \u00a0the derivatives electricity and heat generated at \u00a0its own hydrogen plants. \u00a0\n
\n STORAGE SEGMENT \u00a0\n
\n The Storage Segment includes the development \u00a0 and manufacturing of different hydrogen storage \u00a0systems. \u00a0\n
\n ALL OTHER SEGMENTS \u00a0\n
\n All other segments include costs for the holding \u00a0 and property companies and the acquisition and \u00a0management of properties mainly in connection \u00a0with the production of green hydrogen. \u00a0\n
\n The Executive Management Committee is \u00a0 the Chief Operating Decision Maker (CODM) \u00a0and monitors the operating results of its \u00a0business units separately for the purpose of \u00a0making decisions about resource allocation \u00a0and performance assessment. Segment \u00a0performance is evaluated based on pro\ufb01t or \u00a0loss and is measured consistently with pro\ufb01t or \u00a0loss in the consolidated \ufb01nancial statements. \u00a0Transfer prices between operating segments are \u00a0on an arm\u2019s length basis in a manner similar to \u00a0transactions with third parties. \u00a0\n
\n Inter-segment revenues are eliminated upon \u00a0 consolidation and re\ufb02ected in the adjustments \u00a0and eliminations\u2019 column. All other adjustments \u00a0and eliminations are part of detailed reconcilia- \u00a0tions presented further below. \u00a0\n
\n ADJUSTMENTS AND ELIMINATIONS \u00a0\n
\n Capital expenditure consists of additions of \u00a0 property, plant and equipment, intangible assetsand investment properties including assets from \u00a0\n
\n the acquisition of subsidiaries. Intersegment \u00a0 revenues are eliminated on consolidation. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43382_2024": {
"value": "\n Consolidated statement of pro\ufb01t and loss and \u00a0 other disclosures by segment: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n | \n | \n Adjust- | \n | \n
\n \n | \n | \n Project | \n Own | \n | \n | \n ments and | \n | \n
\n \n | 01.01.2024-31.12.2024 | \n | \n Develop- | \n Opera- | \n | \n | \n elimina- | \n | \n
\n \n | (in EUR 1,000) | \n Notes | \n ment | \n tions | \n Storage | \n Other | \n tions | \n Consolidated | \n
\n \n | Revenues | \n 24 | \n 31,927 | \n 567 | \n 0 | \n 753 | \n (3,682) | \n 29,566 | \n
\n \n | own work capitalized | \n | \n 0 | \n 0 | \n 0 | \n 0 | \n 573 | \n 573 | \n
\n \n | Other income | \n | \n 1,078 | \n 4 | \n 227 | \n 251 | \n (647) | \n 913 | \n
\n \n | Cost of materials | \n 25 | \n (29,302) | \n (609) | \n 12 | \n (1,401) | \n 2,054 | \n (29,246) | \n
\n \n | Employee bene\ufb01ts expense | \n 26 | \n (6,883) | \n (790) | \n (1,301) | \n 27 | \n 0 | \n (8,947) | \n
\n \n | Depreciation and amortization expense | \n 6, 7 | \n (5,920) | \n (69) | \n (66) | \n (3,150) | \n 0 | \n (9,204) | \n
\n \n | Other expenses | \n 27 | \n (5,259) | \n (1,376) | \n (2,025) | \n (2,260) | \n 1,701 | \n (9,219) | \n
\n \n | Financial results | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Income/loss from equity investments | \n 8 | \n (268) | \n 0 | \n 0 | \n 0 | \n 0 | \n (268) | \n
\n \n | Income from other securities, interest and similar income | \n 28 | \n 53 | \n 0 | \n 0 | \n 2,838 | \n (2,752) | \n 140 | \n
\n \n | Interest and similar expenses | \n 29 | \n (3,969) | \n (20) | \n (371) | \n 133 | \n 2,752 | \n (1,474) | \n
\n \n | \n | \n (4,183) | \n (20) | \n (371) | \n 2,972 | \n 0 | \n (1,602) | \n
\n \n | Income taxes | \n 10 | \n (339) | \n 0 | \n 0 | \n (317) | \n 0 | \n (657) | \n
\n \n | Pro\ufb01t/Loss | \n | \n (18,881) | \n (2,292) | \n (3,524) | \n (3,125) | \n 0 | \n (27,822) | \n
\n \n | Total assets | \n | \n 79,410 | \n 2,835 | \n 5,509 | \n 351,703 | \n (348,209) | \n 91,248 | \n
\n \n | Total liabilities | \n | \n 114,201 | \n 5,318 | \n 6,684 | \n 22,515 | \n (87,804) | \n 60,914 | \n
\n \n | CAPITAL EXPENDITURES | \n | \n 1,156 | \n 1,059 | \n 1,406 | \n 3,883 | \n 0 | \n 7,503 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n | \n | \n Adjust- | \n | \n
\n \n | \n | \n Project | \n Own | \n | \n | \n ments and | \n | \n
\n \n | 01.01.2023-31.12.2023 | \n | \n Develop- | \n Opera- | \n | \n | \n elimina- | \n | \n
\n \n | (in EUR 1,000) | \n Notes | \n ment | \n tions | \n Storage | \n Other | \n tions | \n Consolidated | \n
\n \n | Revenues | \n 24 | \n 15,851 | \n 477 | \n 0 | \n 0 | \n (1,032) | \n 15,297 | \n
\n \n | own work capitalized | \n | \n 50 | \n 0 | \n 0 | \n 0 | \n 0 | \n 50 | \n
\n \n | Other Income | \n | \n 1,015 | \n 10 | \n 185 | \n 108 | \n (277) | \n 1,041 | \n
\n \n | Cost of materials | \n 25 | \n (13,717) | \n (463) | \n (8) | \n 0 | \n 503 | \n (13,684) | \n
\n \n | Employee bene\ufb01ts expense | \n 26 | \n (5,903) | \n 0 | \n (670) | \n -316 | \n 0 | \n (6,889) | \n
\n \n | Depreciation and amortization expense | \n 6, 7 | \n (3,472) | \n (1,482) | \n (46) | \n -237 | \n 0 | \n (5,237) | \n
\n \n | other expenses | \n 27 | \n (6,638) | \n (96) | \n (622) | \n (5,889) | \n 513 | \n (12,732) | \n
\n \n | Financial results | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Income/Loss from equity investments | \n 8 | \n (275) | \n 0 | \n 0 | \n 0 | \n 0 | \n (275) | \n
\n \n | Income from other securities, interest and similar income | \n 28 | \n 137 | \n 55 | \n 0 | \n 19,302 | \n (18,815) | \n 679 | \n
\n \n | Interest and similar expenses | \n 29 | \n (4,910) | \n 0 | \n (26) | \n (1,313) | \n 3,793 | \n (2,456) | \n
\n \n | \n | \n (5,048) | \n 55 | \n (26) | \n 17,989 | \n (15,022) | \n (2,052) | \n
\n \n | Income taxes | \n 10 | \n (49) | \n 0 | \n 0 | \n (380) | \n 0 | \n (429) | \n
\n \n | Net income | \n | \n (17,911) | \n (1,499) | \n (1,185) | \n 11,275 | \n (15,314) | \n (24,634) | \n
\n \n | Total assets | \n | \n 94,757 | \n 7,281 | \n 5,148 | \n 363,519 | \n (348,250) | \n 122,454 | \n
\n \n | Total liabilities | \n | \n 113,890 | \n 4,070 | \n 2,798 | \n 31,089 | \n (87,262) | \n 64,585 | \n
\n \n | CAPITAL EXPENDITURES | \n | \n 722 | \n 4,729 | \n 4,373 | \n 1,854 | \n 0 | \n 11,677 | \n
\n \n
\n
\n All revenues originate from Germany. \u00a0\n
\n There are four customers (2023: four), each with \u00a0 a share of over 10% in the Project Development \u00a0segment. There is one customer (2023: one) \u00a0with a share of over 10% in the Own operations \u00a0segment. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43379_2024": {
"value": "\n 4. EARNINGS\u00a0PER SHARE \u00a0\n
\n Earnings per share (EPS) is calculated by divid- \u00a0ing the pro\ufb01t attributable to the ordinary share- \u00a0holders of the company by the weighted average \u00a0number of ordinary shares outstanding during \u00a0the period excluding ordinary shares purchased \u00a0by the Company and held as Treasury Shares. \u00a0 \n
\n BASIC EARNINGS PER SHARE \u00a0\n
\n The calculation of basic EPS at 31 Decem- \u00a0 ber 2024 is based on the pro\ufb01t attributable \u00a0to the owners of the parent and the weighted \u00a0average number of Ordinary Shares outstand- \u00a0ing of 36,359,163, which includes 36,359,162 \u00a0Class A Shares and one unlimited share (2023: \u00a036,556,043 Ordinary Shares). \u00a0\n
\n
\n \n \n \n \n \n \n \n \n | BASIC EARNINGS PER SHARE | \n | \n 2024 | \n 2023 | \n
\n \n | Pro\ufb01t / (Loss) for continued operations for the year (EUR 1,000) attributable | \n Ordinary Shares | \n (27,822) | \n (24,635) | \n
\n \n | to equity holders of the Company | \n | \n | \n | \n
\n \n | Weighted average number of ordinary shares outstanding | \n Ordinary Shares | \n 36,359,163 | \n 35,556,043 | \n
\n \n | Basis earnings / (loss) per share (Euro/share) | \n Ordinary Shares | \n (0.77) | \n (0.69) | \n
\n \n | Diluted weighted average number of ordinary shares outstanding | \n Ordinary Shares | \n 39,023,606 | \n 36,470,016 | \n
\n \n | Diluted earnings / (loss) per share (Euro/share) | \n Ordinary Shares | \n (0.71) | \n (0.69) | \n
\n \n
\n
\n DILUTED EARNINGS PER SHARE \u00a0\n
\n Diluted EPS are calculated by increasing the \u00a0 average number of shares outstanding by the \u00a0total number of potential shares arising from \u00a0option rights. \u00a0\n
\n As of 31 December 2024, the Group has \u00a0 outstanding 2,694,375 share options from the \u00a0Stock Option Program (SOP). \u00a0\n
\n Should the share options of the SOP\u00a0be \u00a0 exercised, the total number of Ordinary Shares \u00a0would increase by 2,694,375 to 39,053,537 \u00a0Ordinary Shares, having only a minor impact on \u00a0the EPS. \u00a0\n
\n However, at 31 December 2024, these share \u00a0 options were excluded from the diluted \u00a0weighted-average number of ordinary shares \u00a0calculation because their effect would have \u00a0been anti-dilutive as the average market price \u00a0was below the exercise price. \u00a0\n
\n Share options from the SOP not exercised within \u00a0 the contractual time frame expire without any \u00a0redemption and have no dilutive impact on the \u00a0EPS. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43498_2024": {
"value": "Earnings per share (EPS) is calculated by divid- \u00a0ing the pro\ufb01t attributable to the ordinary share- \u00a0holders of the company by the weighted average \u00a0number of ordinary shares outstanding during \u00a0the period excluding ordinary shares purchased \u00a0by the Company and held as Treasury Shares. \u00a0",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43387_2024": {
"value": "\n \n \n \n 5. FAIR\u00a0VALUE MEASUREMENT \u00a0\n
\n \n The following tables show the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial \u00a0liabilities, including their levels in the fair value \u00a0hierarchy. \u00a0\n
\n \n They include fair value information for \ufb01nancial \u00a0 assets and \ufb01nancial liabilities that have not been \u00a0\n
\n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other financial investments | \n 31 December 2024 | \n 2,992 | \n 0 | \n 2,449 | \n 2,449 | \n
\n \n | Trade receivables | \n 31 December 2024 | \n 2,218 | \n 0 | \n 2,213 | \n 2,213 | \n
\n \n | Other financial assets | \n 31 December 2024 | \n 575 | \n 0 | \n 575 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 31 December 2024 | \n 16,074 | \n 0 | \n 16,074 | \n 16,074 | \n
\n \n | Contract assets | \n 31 December 2024 | \n 18,209 | \n 0 | \n 17,409 | \n 17,409 | \n
\n \n | Total assets | \n | \n 40,068 | \n 0 | \n 38,720 | \n 38,720 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2024 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 31 December 2024 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Financial liabilities from loans | \n 31 December 2024 | \n 36,809 | \n 0 | \n 36,809 | \n 36,809 | \n
\n \n | Total liabilities | \n | \n 49,828 | \n 0 | \n 49,828 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other \ufb01nancial investments | \n 31 December 2023 | \n 2,749 | \n 0 | \n 2,474 | \n 2,474 | \n
\n \n | Trade receivables | \n 31 December 2023 | \n 5,673 | \n 0 | \n 5,641 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 31 December 2023 | \n 558 | \n 0 | \n 554 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 31 December 2023 | \n 44,466 | \n 0 | \n 44,466 | \n 44,466 | \n
\n \n | Non-\ufb01nancial assets | \n | \n | \n | \n | \n | \n
\n \n | Prepayments | \n 31 December 2023 | \n 4,669 | \n 0 | \n 4,574 | \n 4,574 | \n
\n \n | Contract Assets | \n 31 December 2023 | \n 5,984 | \n 0 | \n 5,941 | \n 5,941 | \n
\n \n | Total assets | \n | \n 64,009 | \n 0 | \n 63,650 | \n 63,650 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2023 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 31 December 2023 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Financial liabilities from loans | \n 31 December 2023 | \n 43,557 | \n 0 | \n 43,557 | \n 43,557 | \n
\n \n | Total liabilities | \n | \n 48,896 | \n 0 | \n 48,896 | \n 48,896 | \n
\n \n
\n
\n There were no transfers between Level 1 and Level 2 during 2024. \u00a0\n
\n \n \n \n \n \n \n \n \n measured at fair value if the carrying amount is \u00a0 a reasonable approximation of fair value. \u00a0\n
\n \n Fair values and carrying amounts of the \ufb01nancial \u00a0 instruments as at 31 December 2024 are as \u00a0follows: \u00a0\n
\n \n \n Cash and cash equivalents, trade receivables, \u00a0 loan and other \ufb01nancial assets are measured \u00a0initially at fair value while the subsequent \u00a0measurement is at amortized cost. During the \u00a0year ended 31 December 2024, Impairment of \u00a0kEUR 273 were recognized (2023: kEUR 307), \u00a0thereof impairment losses on receivables \u00a0or contract assets arising from an entity\u2019s \u00a0contracts with customers in the amount of \u00a0kEUR 5 (2023: kEUR 32). These recognized \u00a0impairment losses relate to expected credit \u00a0losses. The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0\n
Other receivables are measured at amortized \u00a0cost. However, due to their short-term nature, \u00a0the carrying value of these items approximates \u00a0their fair value. \u00a0\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2024 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Shareholder loans | \n 33,801 | \n 0 | \n 33,801 | \n 3,008 | \n 0 | \n 3,008 | \n 36,809 | \n
\n \n | Total financial liabilities | \n 33,801 | \n 0 | \n 33,801 | \n 16,027 | \n 0 | \n 16,027 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2023 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Shareholder loans | \n 33,109 | \n 0 | \n 33,109 | \n 10,448 | \n 0 | \n 10,448 | \n 43,557 | \n
\n \n | Total financial liabilities | \n 33,109 | \n 0 | \n 33,109 | \n 15,787 | \n 0 | \n 15,787 | \n 48,896 | \n
\n \n
\n
\n 5. FAIR\u00a0VALUE MEASUREMENT \u00a0\n
\n \n The following tables show the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial \u00a0liabilities, including their levels in the fair value \u00a0hierarchy. \u00a0\n
\n \n They include fair value information for \ufb01nancial \u00a0 assets and \ufb01nancial liabilities that have not been \u00a0\n
\n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other financial investments | \n 31 December 2024 | \n 2,992 | \n 0 | \n 2,449 | \n 2,449 | \n
\n \n | Trade receivables | \n 31 December 2024 | \n 2,218 | \n 0 | \n 2,213 | \n 2,213 | \n
\n \n | Other financial assets | \n 31 December 2024 | \n 575 | \n 0 | \n 575 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 31 December 2024 | \n 16,074 | \n 0 | \n 16,074 | \n 16,074 | \n
\n \n | Contract assets | \n 31 December 2024 | \n 18,209 | \n 0 | \n 17,409 | \n 17,409 | \n
\n \n | Total assets | \n | \n 40,068 | \n 0 | \n 38,720 | \n 38,720 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2024 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 31 December 2024 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Financial liabilities from loans | \n 31 December 2024 | \n 36,809 | \n 0 | \n 36,809 | \n 36,809 | \n
\n \n | Total liabilities | \n | \n 49,828 | \n 0 | \n 49,828 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other \ufb01nancial investments | \n 31 December 2023 | \n 2,749 | \n 0 | \n 2,474 | \n 2,474 | \n
\n \n | Trade receivables | \n 31 December 2023 | \n 5,673 | \n 0 | \n 5,641 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 31 December 2023 | \n 558 | \n 0 | \n 554 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 31 December 2023 | \n 44,466 | \n 0 | \n 44,466 | \n 44,466 | \n
\n \n | Non-\ufb01nancial assets | \n | \n | \n | \n | \n | \n
\n \n | Prepayments | \n 31 December 2023 | \n 4,669 | \n 0 | \n 4,574 | \n 4,574 | \n
\n \n | Contract Assets | \n 31 December 2023 | \n 5,984 | \n 0 | \n 5,941 | \n 5,941 | \n
\n \n | Total assets | \n | \n 64,009 | \n 0 | \n 63,650 | \n 63,650 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2023 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 31 December 2023 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Financial liabilities from loans | \n 31 December 2023 | \n 43,557 | \n 0 | \n 43,557 | \n 43,557 | \n
\n \n | Total liabilities | \n | \n 48,896 | \n 0 | \n 48,896 | \n 48,896 | \n
\n \n
\n
\n There were no transfers between Level 1 and Level 2 during 2024. \u00a0\n
\n \n \n \n \n \n \n \n \n measured at fair value if the carrying amount is \u00a0 a reasonable approximation of fair value. \u00a0\n
\n \n Fair values and carrying amounts of the \ufb01nancial \u00a0 instruments as at 31 December 2024 are as \u00a0follows: \u00a0\n
\n \n \n \n 8. OTHER\u00a0FINANCIAL \u00a0\n
\n INVESTMENTS \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Amount of investment | \n
\n \n | NAME OF ASSOCIATE | \n Registered of\ufb01ce | \n Activity | \n % ownership | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Nuventura GmbH | \n Berlin | \n Technology development | \n < 10% | \n 557 | \n 825 | \n
\n \n | Play Ventures Fund II | \n Singapore | \n Investment Fund | \n < 10% | \n 1,892 | \n 1,649 | \n
\n \n | Total | \n | \n | \n | \n 2,449 | \n 2,474 | \n
\n \n
\n
\n In the \ufb01nancial year of 2024, the Group \u00a0 recognized an impairment loss of 268 kEUR of\u00a0its \u00a0investment in Nuventura GmbH. The impairment \u00a0loss is shown under depreciation, amortisation \u00a0and impairment expense in the consolidated \u00a0income statement. As of 31 December 2024, \u00a0management did not identify any indicators of \u00a0impairment for the investment in Play Ventures \u00a0Fund II. \u00a0\n
\n 9. FINANCIAL\u00a0ASSETS \u00a0\n
\n Classi\ufb01cation of \ufb01nancial assets by category: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n
\n \n | Investments | \n 2,449 | \n 2,474 | \n
\n \n | Trade receivables | \n 2,213 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 1,072 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 16,074 | \n 44,466 | \n
\n \n | Total | \n 21,808 | \n 53,135 | \n
\n \n
\n
\n Cash and cash equivalents, trade receivables, \u00a0 loan and other \ufb01nancial assets are measured \u00a0initially at fair value while the subsequent \u00a0measurement is at amortized cost. During the \u00a0year ended 31 December 2024, Impairment of \u00a0kEUR 273 were recognized (2023: kEUR 307), \u00a0thereof impairment losses on receivables \u00a0or contract assets arising from an entity\u2019s \u00a0contracts with customers in the amount of \u00a0kEUR 5 (2023: kEUR 32). These recognized \u00a0impairment losses relate to expected credit \u00a0losses. The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0\n
\n 13. TRADE\u00a0AND \u00a0\n
\n OTHER RECEIVABLES \u00a0\n
\n Details of trade receivables are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade Receivables | \n 2,213 | \n 5,641 | \n
\n \n | total | \n 2,213 | \n 5,641 | \n
\n \n
\n
\n Trade receivables are measured at amortized \u00a0cost. During the year ended 31 December 2024 \u00a0impairments of kEUR 5 were recognized (31 \u00a0December 2023: kEUR 32). \u00a0 \n
\n OTHER CURRENT RECEIVABLES \u00a0\n
\n Details of other loans and receivables are as \u00a0 follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Project related advance payments done | \n 0 | \n 4,478 | \n
\n \n | Receivables from shareholders | \n 506 | \n 506 | \n
\n \n | Grants | \n 376 | \n 166 | \n
\n \n | Security and other deposits | \n 47 | \n 47 | \n
\n \n | VAT receivable | \n 519 | \n 0 | \n
\n \n | Acrrued interest | \n 21 | \n 0 | \n
\n \n | other | \n 148 | \n 197 | \n
\n \n | total | \n 1,617 | \n 5,394 | \n
\n \n
\n
\n Other receivables are measured at amortized \u00a0cost. However, due to their short-term nature, \u00a0the carrying value of these items approximates \u00a0their fair value. \u00a0 \n
\n 14. CASH\u00a0AND CASH \u00a0\n
\n EQUIVALENTS \u00a0\n
\n Details of cash and cash equivalents are \u00a0 as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Cash on hand | \n 2 | \n 2 | \n
\n \n | Cash on bank | \n 16,072 | \n 44,464 | \n
\n \n | Total | \n 16,074 | \n 44,466 | \n
\n \n
\n
\n As of 31 December 2024, EUR 13,484,243.17 \u00a0(2023: EUR 9,683,353.50) cash and cash \u00a0equivalents were restricted. \u00a0 \n
\n 16. FINANCIAL\u00a0LIABILITIES \u00a0\n
\n BY CATEGORY \u00a0\n
\n The fair values and carrying amounts of the \u00a0 Group\u2019s \ufb01nancial liabilities as at 31 December \u00a02024 and 31 December 2023 are presented\u00a0in \u00a0the table below. \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2024 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Shareholder loans | \n 33,801 | \n 0 | \n 33,801 | \n 3,008 | \n 0 | \n 3,008 | \n 36,809 | \n
\n \n | Total financial liabilities | \n 33,801 | \n 0 | \n 33,801 | \n 16,027 | \n 0 | \n 16,027 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2023 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Shareholder loans | \n 33,109 | \n 0 | \n 33,109 | \n 10,448 | \n 0 | \n 10,448 | \n 43,557 | \n
\n \n | Total financial liabilities | \n 33,109 | \n 0 | \n 33,109 | \n 15,787 | \n 0 | \n 15,787 | \n 48,896 | \n
\n \n
\n
\n The classi\ufb01cation of \ufb01nancial liabilities as of 31 \u00a0 December 2024 re\ufb02ects the Group\u2019s exposure pri-marily to liabilities arising from loans and accruedinterest from related parties. The total amount of \u00a0\ufb01nancial liabilities increased to kEUR 49,828 (31 \u00a0December 2023: kEUR 48,896), mainly due to an \u00a0increase in trade and other payables and newly \u00a0recognized current portions of \ufb01nancial liabilities. \u00a0\n
\n Non-current \ufb01nancial liabilities as of 31 Decem- \u00a0 ber 2024 amounted to kEUR 33,801 (2023: kEUR \u00a033,109) and relate entirely to loans from related \u00a0parties, as further detailed in Note 32. The cor- \u00a0responding current portion of \ufb01nancial liabilities \u00a0\n
\n totals kEUR 3,008 (2023: kEUR 10,448), while \u00a0 trade\u00a0and other payables increased to kEUR \u00a012,906 (2023: kEUR 5,176), re\ufb02ecting higher year- \u00a0end obligations. \u00a0\n
The carrying amounts of current liabilities approxi- \u00a0mate their fair values. Financial liabilities include \u00a0accumulated unpaid interest of kEUR 1,438 as of \u00a031 December 2024 (2023: kEUR 1,337). \u00a0\n 19. TRADE\u00a0PAYABLES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade payables | \n 12,906 | \n 5,176 | \n
\n \n | Total | \n 12,906 | \n 5,176 | \n
\n \n
\n
\n The increase in trade payables is primarily attrib- \u00a0 utable to project-related outstanding payables to a \u00a0single creditor, amounting to kEUR 8,905 as at the \u00a0reporting date. \u00a0\n
\n 30. RECONCILIATION\u00a0OF \u00a0\n
\n FINANCIAL LIABILITIES \u00a0\n
\n FROM FINANCING ACTIVITIES \u00a0\n
\n The following table presents the changes in \u00a0 \ufb01nancial liabilities classi\ufb01ed under \ufb01nancing \u00a0activities, excluding items reported under equity, \u00a0for the years ended 31 December 2024 and \u00a02023, as re\ufb02ected in the consolidated cash \ufb02ow \u00a0statement. \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n Issue incl. | \n conversion | \n | \n | \n
\n \n | (IN EUR 1,000) | \n 31/12/2023 | \n Interests | \n into equity | \n Payments | \n 31/12/2024 | \n
\n \n | Contract liabilites and capital grants | \n 43,557 | \n 0 | \n 0 | \n (7,440) | \n 36,117 | \n
\n \n | Bank borrowings | \n 163 | \n 0 | \n 0 | \n (44) | \n 119 | \n
\n \n | Total | \n 43,720 | \n 0 | \n 0 | \n (7,484) | \n 36,236 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n Issue incl. | \n conversion | \n | \n | \n
\n \n | (IN EUR 1,000) | \n 31/12/2022 | \n Interests | \n into equity | \n Payments | \n 31/12/2023 | \n
\n \n | Bonds | \n 9,131 | \n 534 | \n 0 | \n (9,665) | \n 0 | \n
\n \n | Contract liabilites and capital grants | \n 47,538 | \n 0 | \n 0 | \n (3,981) | \n 43,557 | \n
\n \n | Bank borrowings | \n 1,798 | \n 0 | \n 0 | \n (1,635) | \n 163 | \n
\n \n | Total | \n 58,468 | \n 534 | \n 0 | \n (15,282) | \n 43,721 | \n
\n \n
\n
\n 5. FAIR\u00a0VALUE MEASUREMENT \u00a0\n
\n \n The following tables show the carrying amounts and fair values of \ufb01nancial assets and \ufb01nancial \u00a0liabilities, including their levels in the fair value \u00a0hierarchy. \u00a0\n
\n \n They include fair value information for \ufb01nancial \u00a0 assets and \ufb01nancial liabilities that have not been \u00a0\n
\n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other financial investments | \n 31 December 2024 | \n 2,992 | \n 0 | \n 2,449 | \n 2,449 | \n
\n \n | Trade receivables | \n 31 December 2024 | \n 2,218 | \n 0 | \n 2,213 | \n 2,213 | \n
\n \n | Other financial assets | \n 31 December 2024 | \n 575 | \n 0 | \n 575 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 31 December 2024 | \n 16,074 | \n 0 | \n 16,074 | \n 16,074 | \n
\n \n | Contract assets | \n 31 December 2024 | \n 18,209 | \n 0 | \n 17,409 | \n 17,409 | \n
\n \n | Total assets | \n | \n 40,068 | \n 0 | \n 38,720 | \n 38,720 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2024 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 31 December 2024 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Financial liabilities from loans | \n 31 December 2024 | \n 36,809 | \n 0 | \n 36,809 | \n 36,809 | \n
\n \n | Total liabilities | \n | \n 49,828 | \n 0 | \n 49,828 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other \ufb01nancial investments | \n 31 December 2023 | \n 2,749 | \n 0 | \n 2,474 | \n 2,474 | \n
\n \n | Trade receivables | \n 31 December 2023 | \n 5,673 | \n 0 | \n 5,641 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 31 December 2023 | \n 558 | \n 0 | \n 554 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 31 December 2023 | \n 44,466 | \n 0 | \n 44,466 | \n 44,466 | \n
\n \n | Non-\ufb01nancial assets | \n | \n | \n | \n | \n | \n
\n \n | Prepayments | \n 31 December 2023 | \n 4,669 | \n 0 | \n 4,574 | \n 4,574 | \n
\n \n | Contract Assets | \n 31 December 2023 | \n 5,984 | \n 0 | \n 5,941 | \n 5,941 | \n
\n \n | Total assets | \n | \n 64,009 | \n 0 | \n 63,650 | \n 63,650 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2023 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 31 December 2023 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Financial liabilities from loans | \n 31 December 2023 | \n 43,557 | \n 0 | \n 43,557 | \n 43,557 | \n
\n \n | Total liabilities | \n | \n 48,896 | \n 0 | \n 48,896 | \n 48,896 | \n
\n \n
\n
\n There were no transfers between Level 1 and Level 2 during 2024. \u00a0\n
\n \n \n \n \n \n measured at fair value if the carrying amount is \u00a0 a reasonable approximation of fair value. \u00a0\n
\n \n Fair values and carrying amounts of the \ufb01nancial \u00a0 instruments as at 31 December 2024 are as \u00a0follows: \u00a0\n
\n \n Cash and cash equivalents, trade receivables, \u00a0 loan and other \ufb01nancial assets are measured \u00a0initially at fair value while the subsequent \u00a0measurement is at amortized cost. During the \u00a0year ended 31 December 2024, Impairment of \u00a0kEUR 273 were recognized (2023: kEUR 307), \u00a0thereof impairment losses on receivables \u00a0or contract assets arising from an entity\u2019s \u00a0contracts with customers in the amount of \u00a0kEUR 5 (2023: kEUR 32). These recognized \u00a0impairment losses relate to expected credit \u00a0losses. The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0\n
Other receivables are measured at amortized \u00a0cost. However, due to their short-term nature, \u00a0the carrying value of these items approximates \u00a0their fair value. \u00a0\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2024 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Shareholder loans | \n 33,801 | \n 0 | \n 33,801 | \n 3,008 | \n 0 | \n 3,008 | \n 36,809 | \n
\n \n | Total financial liabilities | \n 33,801 | \n 0 | \n 33,801 | \n 16,027 | \n 0 | \n 16,027 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2023 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Shareholder loans | \n 33,109 | \n 0 | \n 33,109 | \n 10,448 | \n 0 | \n 10,448 | \n 43,557 | \n
\n \n | Total financial liabilities | \n 33,109 | \n 0 | \n 33,109 | \n 15,787 | \n 0 | \n 15,787 | \n 48,896 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other financial investments | \n 31 December 2024 | \n 2,992 | \n 0 | \n 2,449 | \n 2,449 | \n
\n \n | Trade receivables | \n 31 December 2024 | \n 2,218 | \n 0 | \n 2,213 | \n 2,213 | \n
\n \n | Other financial assets | \n 31 December 2024 | \n 575 | \n 0 | \n 575 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 31 December 2024 | \n 16,074 | \n 0 | \n 16,074 | \n 16,074 | \n
\n \n | Contract assets | \n 31 December 2024 | \n 18,209 | \n 0 | \n 17,409 | \n 17,409 | \n
\n \n | Total assets | \n | \n 40,068 | \n 0 | \n 38,720 | \n 38,720 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2024 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 31 December 2024 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Financial liabilities from loans | \n 31 December 2024 | \n 36,809 | \n 0 | \n 36,809 | \n 36,809 | \n
\n \n | Total liabilities | \n | \n 49,828 | \n 0 | \n 49,828 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other \ufb01nancial investments | \n 31 December 2023 | \n 2,749 | \n 0 | \n 2,474 | \n 2,474 | \n
\n \n | Trade receivables | \n 31 December 2023 | \n 5,673 | \n 0 | \n 5,641 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 31 December 2023 | \n 558 | \n 0 | \n 554 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 31 December 2023 | \n 44,466 | \n 0 | \n 44,466 | \n 44,466 | \n
\n \n | Non-\ufb01nancial assets | \n | \n | \n | \n | \n | \n
\n \n | Prepayments | \n 31 December 2023 | \n 4,669 | \n 0 | \n 4,574 | \n 4,574 | \n
\n \n | Contract Assets | \n 31 December 2023 | \n 5,984 | \n 0 | \n 5,941 | \n 5,941 | \n
\n \n | Total assets | \n | \n 64,009 | \n 0 | \n 63,650 | \n 63,650 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2023 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 31 December 2023 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Financial liabilities from loans | \n 31 December 2023 | \n 43,557 | \n 0 | \n 43,557 | \n 43,557 | \n
\n \n | Total liabilities | \n | \n 48,896 | \n 0 | \n 48,896 | \n 48,896 | \n
\n \n
\n
\n There were no transfers between Level 1 and Level 2 during 2024. \u00a0\n
\n \n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n
\n \n | Investments | \n 2,449 | \n 2,474 | \n
\n \n | Trade receivables | \n 2,213 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 1,072 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 16,074 | \n 44,466 | \n
\n \n | Total | \n 21,808 | \n 53,135 | \n
\n \n
\n
\n Cash and cash equivalents, trade receivables, \u00a0 loan and other \ufb01nancial assets are measured \u00a0initially at fair value while the subsequent \u00a0measurement is at amortized cost. During the \u00a0year ended 31 December 2024, Impairment of \u00a0kEUR 273 were recognized (2023: kEUR 307), \u00a0thereof impairment losses on receivables \u00a0or contract assets arising from an entity\u2019s \u00a0contracts with customers in the amount of \u00a0kEUR 5 (2023: kEUR 32). These recognized \u00a0impairment losses relate to expected credit \u00a0losses. The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0\n
\n 14. CASH\u00a0AND CASH \u00a0\n
\n EQUIVALENTS \u00a0\n
\n Details of cash and cash equivalents are \u00a0 as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Cash on hand | \n 2 | \n 2 | \n
\n \n | Cash on bank | \n 16,072 | \n 44,464 | \n
\n \n | Total | \n 16,074 | \n 44,466 | \n
\n \n
\n
\n As of 31 December 2024, EUR 13,484,243.17 \u00a0(2023: EUR 9,683,353.50) cash and cash \u00a0equivalents were restricted. \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43472_2024": {
"value": "\n \n \n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other financial investments | \n 31 December 2024 | \n 2,992 | \n 0 | \n 2,449 | \n 2,449 | \n
\n \n | Trade receivables | \n 31 December 2024 | \n 2,218 | \n 0 | \n 2,213 | \n 2,213 | \n
\n \n | Other financial assets | \n 31 December 2024 | \n 575 | \n 0 | \n 575 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 31 December 2024 | \n 16,074 | \n 0 | \n 16,074 | \n 16,074 | \n
\n \n | Contract assets | \n 31 December 2024 | \n 18,209 | \n 0 | \n 17,409 | \n 17,409 | \n
\n \n | Total assets | \n | \n 40,068 | \n 0 | \n 38,720 | \n 38,720 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2024 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 31 December 2024 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Financial liabilities from loans | \n 31 December 2024 | \n 36,809 | \n 0 | \n 36,809 | \n 36,809 | \n
\n \n | Total liabilities | \n | \n 49,828 | \n 0 | \n 49,828 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other \ufb01nancial investments | \n 31 December 2023 | \n 2,749 | \n 0 | \n 2,474 | \n 2,474 | \n
\n \n | Trade receivables | \n 31 December 2023 | \n 5,673 | \n 0 | \n 5,641 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 31 December 2023 | \n 558 | \n 0 | \n 554 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 31 December 2023 | \n 44,466 | \n 0 | \n 44,466 | \n 44,466 | \n
\n \n | Non-\ufb01nancial assets | \n | \n | \n | \n | \n | \n
\n \n | Prepayments | \n 31 December 2023 | \n 4,669 | \n 0 | \n 4,574 | \n 4,574 | \n
\n \n | Contract Assets | \n 31 December 2023 | \n 5,984 | \n 0 | \n 5,941 | \n 5,941 | \n
\n \n | Total assets | \n | \n 64,009 | \n 0 | \n 63,650 | \n 63,650 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2023 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 31 December 2023 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Financial liabilities from loans | \n 31 December 2023 | \n 43,557 | \n 0 | \n 43,557 | \n 43,557 | \n
\n \n | Total liabilities | \n | \n 48,896 | \n 0 | \n 48,896 | \n 48,896 | \n
\n \n
\n
\n There were no transfers between Level 1 and Level 2 during 2024. \u00a0\n
\n \n \n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n
\n \n | Investments | \n 2,449 | \n 2,474 | \n
\n \n | Trade receivables | \n 2,213 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 1,072 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 16,074 | \n 44,466 | \n
\n \n | Total | \n 21,808 | \n 53,135 | \n
\n \n
\n
\n Cash and cash equivalents, trade receivables, \u00a0 loan and other \ufb01nancial assets are measured \u00a0initially at fair value while the subsequent \u00a0measurement is at amortized cost. During the \u00a0year ended 31 December 2024, Impairment of \u00a0kEUR 273 were recognized (2023: kEUR 307), \u00a0thereof impairment losses on receivables \u00a0or contract assets arising from an entity\u2019s \u00a0contracts with customers in the amount of \u00a0kEUR 5 (2023: kEUR 32). These recognized \u00a0impairment losses relate to expected credit \u00a0losses. The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0\n
\n 13. TRADE\u00a0AND \u00a0\n
\n OTHER RECEIVABLES \u00a0\n
\n Details of trade receivables are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade Receivables | \n 2,213 | \n 5,641 | \n
\n \n | total | \n 2,213 | \n 5,641 | \n
\n \n
\n
\n Trade receivables are measured at amortized \u00a0cost. During the year ended 31 December 2024 \u00a0impairments of kEUR 5 were recognized (31 \u00a0December 2023: kEUR 32). \u00a0 \n
\n OTHER CURRENT RECEIVABLES \u00a0\n
\n Details of other loans and receivables are as \u00a0 follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Project related advance payments done | \n 0 | \n 4,478 | \n
\n \n | Receivables from shareholders | \n 506 | \n 506 | \n
\n \n | Grants | \n 376 | \n 166 | \n
\n \n | Security and other deposits | \n 47 | \n 47 | \n
\n \n | VAT receivable | \n 519 | \n 0 | \n
\n \n | Acrrued interest | \n 21 | \n 0 | \n
\n \n | other | \n 148 | \n 197 | \n
\n \n | total | \n 1,617 | \n 5,394 | \n
\n \n
\n
\n Other receivables are measured at amortized \u00a0cost. However, due to their short-term nature, \u00a0the carrying value of these items approximates \u00a0their fair value. \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43471_2024": {
"value": "\n \n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other financial investments | \n 31 December 2024 | \n 2,992 | \n 0 | \n 2,449 | \n 2,449 | \n
\n \n | Trade receivables | \n 31 December 2024 | \n 2,218 | \n 0 | \n 2,213 | \n 2,213 | \n
\n \n | Other financial assets | \n 31 December 2024 | \n 575 | \n 0 | \n 575 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 31 December 2024 | \n 16,074 | \n 0 | \n 16,074 | \n 16,074 | \n
\n \n | Contract assets | \n 31 December 2024 | \n 18,209 | \n 0 | \n 17,409 | \n 17,409 | \n
\n \n | Total assets | \n | \n 40,068 | \n 0 | \n 38,720 | \n 38,720 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2024 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 31 December 2024 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Financial liabilities from loans | \n 31 December 2024 | \n 36,809 | \n 0 | \n 36,809 | \n 36,809 | \n
\n \n | Total liabilities | \n | \n 49,828 | \n 0 | \n 49,828 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n Signi\ufb01cant | \n Signi\ufb01cant | \n | \n
\n \n | \n | \n | \n observable | \n unobservable | \n | \n
\n \n | \n | \n | \n inputs | \n inputs | \n | \n
\n \n | (IN EUR 1,000) | \n Date of valuation | \n At cost | \n (Level 2) | \n (Level 3) | \n Total | \n
\n \n | FINANCIAL ASSETS | \n | \n | \n | \n | \n | \n
\n \n | Other \ufb01nancial investments | \n 31 December 2023 | \n 2,749 | \n 0 | \n 2,474 | \n 2,474 | \n
\n \n | Trade receivables | \n 31 December 2023 | \n 5,673 | \n 0 | \n 5,641 | \n 5,641 | \n
\n \n | Other \ufb01nancial assets | \n 31 December 2023 | \n 558 | \n 0 | \n 554 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 31 December 2023 | \n 44,466 | \n 0 | \n 44,466 | \n 44,466 | \n
\n \n | Non-\ufb01nancial assets | \n | \n | \n | \n | \n | \n
\n \n | Prepayments | \n 31 December 2023 | \n 4,669 | \n 0 | \n 4,574 | \n 4,574 | \n
\n \n | Contract Assets | \n 31 December 2023 | \n 5,984 | \n 0 | \n 5,941 | \n 5,941 | \n
\n \n | Total assets | \n | \n 64,009 | \n 0 | \n 63,650 | \n 63,650 | \n
\n \n | Financial liabilities | \n | \n | \n | \n | \n | \n
\n \n | Debts with credit institutions | \n 31 December 2023 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 31 December 2023 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Financial liabilities from loans | \n 31 December 2023 | \n 43,557 | \n 0 | \n 43,557 | \n 43,557 | \n
\n \n | Total liabilities | \n | \n 48,896 | \n 0 | \n 48,896 | \n 48,896 | \n
\n \n
\n
\n There were no transfers between Level 1 and Level 2 during 2024. \u00a0\n
\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2024 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Shareholder loans | \n 33,801 | \n 0 | \n 33,801 | \n 3,008 | \n 0 | \n 3,008 | \n 36,809 | \n
\n \n | Total financial liabilities | \n 33,801 | \n 0 | \n 33,801 | \n 16,027 | \n 0 | \n 16,027 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2023 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Shareholder loans | \n 33,109 | \n 0 | \n 33,109 | \n 10,448 | \n 0 | \n 10,448 | \n 43,557 | \n
\n \n | Total financial liabilities | \n 33,109 | \n 0 | \n 33,109 | \n 15,787 | \n 0 | \n 15,787 | \n 48,896 | \n
\n \n
\n
\n 19. TRADE\u00a0PAYABLES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade payables | \n 12,906 | \n 5,176 | \n
\n \n | Total | \n 12,906 | \n 5,176 | \n
\n \n
\n
\n The increase in trade payables is primarily attrib- \u00a0 utable to project-related outstanding payables to a \u00a0single creditor, amounting to kEUR 8,905 as at the \u00a0reporting date. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43414_2024": {
"value": "\n 6. INTANGIBLE\u00a0ASSETS \u00a0\n
\n The composition and movements in intangible \u00a0 assets during year ended 31 December 2024 \u00a0and 2023 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | COST: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 161 | \n 302 | \n 2,327 | \n 0 | \n 2,789 | \n
\n \n | Additions | \n 6 | \n 25 | \n 0 | \n 3,771 | \n 3,802 | \n
\n \n | Change in consolidation scope | \n 100 | \n 51 | \n 0 | \n 0 | \n 151 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 817 | \n 0 | \n 817 | \n
\n \n | Balance at 31 December 2023 | \n 268 | \n 378 | \n 1,509 | \n 3,771 | \n 5,925 | \n
\n \n | Balance at 1 January 2024 | \n 268 | \n 378 | \n 1,509 | \n 3,771 | \n 5,925 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 55 | \n 98 | \n
\n \n | Tansfers | \n 118 | \n 0 | \n 0 | \n -118 | \n 0 | \n
\n \n | Balance at 31 December 2024 | \n 386 | \n 335 | \n 1,509 | \n 3,598 | \n 5,827 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | ACCUMULATED AMORTISATION: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 107 | \n 161 | \n 0 | \n 0 | \n 269 | \n
\n \n | Amortisation | \n 0 | \n 75 | \n 0 | \n 0 | \n 75 | \n
\n \n | Change in consolidation scope | \n 108 | \n 42 | \n 0 | \n 0 | \n 150 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 1,509 | \n 0 | \n 1,509 | \n
\n \n | Balance at 31 December 2023 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Balance at 1 January 2024 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Additions | \n 42 | \n 68 | \n 0 | \n 0 | \n 109 | \n
\n \n | Impairment | \n 0 | \n 0 | \n 0 | \n 3,174 | \n 3,174 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 0 | \n 43 | \n
\n \n | Balance at 31 December 2024 | \n 257 | \n 303 | \n 1,509 | \n 3,174 | \n 5,243 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 31 December 2023 | \n 52 | \n 100 | \n 0 | \n 3,771 | \n 3,922 | \n
\n \n | Balance at 31 December 2024 | \n 129 | \n 32 | \n 0 | \n 424 | \n 584 | \n
\n \n
\n
\n With effect from 1 January 2024,\u00a0the \u00a0 \u201cGeb\u00e4udeenergiegesetz\u201d was enacted in \u00a0Germany. This new regulation negatively \u00a0impacted the existing business model of \u00a0the Plant Engineering division. Previously, \u00a0the business model focused on the sale\u00a0and \u00a0implementation of half-size heat pumps, a \u00a0product line generating high revenues through \u00a0economies of scale. \u00a0\n
\n Following the regulatory change, demand for \u00a0 half-size heat pumps decreased signi\ufb01cantly, \u00a0requiring Plant Engineering to revise its strategic \u00a0direction. This triggering event, combined with \u00a0the shift in strategic focus, resulted in a lower \u00a0enterprise value for Plant Engineering and led to \u00a0an impairment of the goodwill allocated to this \u00a0business unit. \u00a0\n
\n Other intangible assets, such as technology and \u00a0 brand, are not affected by this impairment, as \u00a0they continue to be used in the business and are \u00a0amortised over their estimated useful lives. \u00a0\n
\n As of 31 December 2024, the Group had no \u00a0 commitments to acquire intangible assets. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43404_2024": {
"value": "\n 6. INTANGIBLE\u00a0ASSETS \u00a0\n
\n The composition and movements in intangible \u00a0 assets during year ended 31 December 2024 \u00a0and 2023 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | COST: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 161 | \n 302 | \n 2,327 | \n 0 | \n 2,789 | \n
\n \n | Additions | \n 6 | \n 25 | \n 0 | \n 3,771 | \n 3,802 | \n
\n \n | Change in consolidation scope | \n 100 | \n 51 | \n 0 | \n 0 | \n 151 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 817 | \n 0 | \n 817 | \n
\n \n | Balance at 31 December 2023 | \n 268 | \n 378 | \n 1,509 | \n 3,771 | \n 5,925 | \n
\n \n | Balance at 1 January 2024 | \n 268 | \n 378 | \n 1,509 | \n 3,771 | \n 5,925 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 55 | \n 98 | \n
\n \n | Tansfers | \n 118 | \n 0 | \n 0 | \n -118 | \n 0 | \n
\n \n | Balance at 31 December 2024 | \n 386 | \n 335 | \n 1,509 | \n 3,598 | \n 5,827 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | ACCUMULATED AMORTISATION: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 107 | \n 161 | \n 0 | \n 0 | \n 269 | \n
\n \n | Amortisation | \n 0 | \n 75 | \n 0 | \n 0 | \n 75 | \n
\n \n | Change in consolidation scope | \n 108 | \n 42 | \n 0 | \n 0 | \n 150 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 1,509 | \n 0 | \n 1,509 | \n
\n \n | Balance at 31 December 2023 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Balance at 1 January 2024 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Additions | \n 42 | \n 68 | \n 0 | \n 0 | \n 109 | \n
\n \n | Impairment | \n 0 | \n 0 | \n 0 | \n 3,174 | \n 3,174 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 0 | \n 43 | \n
\n \n | Balance at 31 December 2024 | \n 257 | \n 303 | \n 1,509 | \n 3,174 | \n 5,243 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 31 December 2023 | \n 52 | \n 100 | \n 0 | \n 3,771 | \n 3,922 | \n
\n \n | Balance at 31 December 2024 | \n 129 | \n 32 | \n 0 | \n 424 | \n 584 | \n
\n \n
\n
\n With effect from 1 January 2024,\u00a0the \u00a0 \u201cGeb\u00e4udeenergiegesetz\u201d was enacted in \u00a0Germany. This new regulation negatively \u00a0impacted the existing business model of \u00a0the Plant Engineering division. Previously, \u00a0the business model focused on the sale\u00a0and \u00a0implementation of half-size heat pumps, a \u00a0product line generating high revenues through \u00a0economies of scale. \u00a0\n
\n Following the regulatory change, demand for \u00a0 half-size heat pumps decreased signi\ufb01cantly, \u00a0requiring Plant Engineering to revise its strategic \u00a0direction. This triggering event, combined with \u00a0the shift in strategic focus, resulted in a lower \u00a0enterprise value for Plant Engineering and led to \u00a0an impairment of the goodwill allocated to this \u00a0business unit. \u00a0\n
\n Other intangible assets, such as technology and \u00a0 brand, are not affected by this impairment, as \u00a0they continue to be used in the business and are \u00a0amortised over their estimated useful lives. \u00a0\n
\n As of 31 December 2024, the Group had no \u00a0 commitments to acquire intangible assets. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43413_2024": {
"value": "\n 6. INTANGIBLE\u00a0ASSETS \u00a0\n
\n The composition and movements in intangible \u00a0 assets during year ended 31 December 2024 \u00a0and 2023 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | COST: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 161 | \n 302 | \n 2,327 | \n 0 | \n 2,789 | \n
\n \n | Additions | \n 6 | \n 25 | \n 0 | \n 3,771 | \n 3,802 | \n
\n \n | Change in consolidation scope | \n 100 | \n 51 | \n 0 | \n 0 | \n 151 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 817 | \n 0 | \n 817 | \n
\n \n | Balance at 31 December 2023 | \n 268 | \n 378 | \n 1,509 | \n 3,771 | \n 5,925 | \n
\n \n | Balance at 1 January 2024 | \n 268 | \n 378 | \n 1,509 | \n 3,771 | \n 5,925 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 55 | \n 98 | \n
\n \n | Tansfers | \n 118 | \n 0 | \n 0 | \n -118 | \n 0 | \n
\n \n | Balance at 31 December 2024 | \n 386 | \n 335 | \n 1,509 | \n 3,598 | \n 5,827 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | ACCUMULATED AMORTISATION: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 107 | \n 161 | \n 0 | \n 0 | \n 269 | \n
\n \n | Amortisation | \n 0 | \n 75 | \n 0 | \n 0 | \n 75 | \n
\n \n | Change in consolidation scope | \n 108 | \n 42 | \n 0 | \n 0 | \n 150 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 1,509 | \n 0 | \n 1,509 | \n
\n \n | Balance at 31 December 2023 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Balance at 1 January 2024 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Additions | \n 42 | \n 68 | \n 0 | \n 0 | \n 109 | \n
\n \n | Impairment | \n 0 | \n 0 | \n 0 | \n 3,174 | \n 3,174 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 0 | \n 43 | \n
\n \n | Balance at 31 December 2024 | \n 257 | \n 303 | \n 1,509 | \n 3,174 | \n 5,243 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 31 December 2023 | \n 52 | \n 100 | \n 0 | \n 3,771 | \n 3,922 | \n
\n \n | Balance at 31 December 2024 | \n 129 | \n 32 | \n 0 | \n 424 | \n 584 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | ACCUMULATED AMORTISATION: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 107 | \n 161 | \n 0 | \n 0 | \n 269 | \n
\n \n | Amortisation | \n 0 | \n 75 | \n 0 | \n 0 | \n 75 | \n
\n \n | Change in consolidation scope | \n 108 | \n 42 | \n 0 | \n 0 | \n 150 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 1,509 | \n 0 | \n 1,509 | \n
\n \n | Balance at 31 December 2023 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Balance at 1 January 2024 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Additions | \n 42 | \n 68 | \n 0 | \n 0 | \n 109 | \n
\n \n | Impairment | \n 0 | \n 0 | \n 0 | \n 3,174 | \n 3,174 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 0 | \n 43 | \n
\n \n | Balance at 31 December 2024 | \n 257 | \n 303 | \n 1,509 | \n 3,174 | \n 5,243 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 31 December 2023 | \n 52 | \n 100 | \n 0 | \n 3,771 | \n 3,922 | \n
\n \n | Balance at 31 December 2024 | \n 129 | \n 32 | \n 0 | \n 424 | \n 584 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Other | \n Under | \n | \n | \n
\n \n | \n | \n | \n Technical ins- | \n installations, | \n construc- | \n Right | \n | \n
\n \n | \n | \n | \n tallations and | \n equipment | \n tion and | \n of use | \n | \n
\n \n | (in EUR 1,000) | \n Land | \n Buildings | \n machinery | \n and furniture | \n advances | \n Assets | \n Total | \n
\n \n | ACCUMULATED DEPRECIATION: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 0 | \n 879 | \n 980 | \n 759 | \n 0 | \n 0 | \n 2,618 | \n
\n \n | Depreciation during the year* | \n 0 | \n 423 | \n 1,040 | \n 256 | \n 0 | \n 333 | \n 2,052 | \n
\n \n | Change in consolidation scope | \n 0 | \n 90 | \n 11 | \n 281 | \n 0 | \n 0 | \n 382 | \n
\n \n | Balance at 31 December 2023 | \n 0 | \n 1,392 | \n 2,031 | \n 1,296 | \n 0 | \n 333 | \n 5,052 | \n
\n \n | Balance at 1 January 2024 | \n 0 | \n 1,392 | \n 2,031 | \n 1,296 | \n 0 | \n 333 | \n 5,052 | \n
\n \n | Depreciation during the year | \n 0 | \n 3,360 | \n 1,352 | \n 614 | \n 0 | \n 585 | \n 5,911 | \n
\n \n | Disposals | \n 0 | \n 388 | \n 22 | \n 331 | \n 0 | \n 0 | \n 741 | \n
\n \n | Transfers | \n 0 | \n 0 | \n 65 | \n 4 | \n 0 | \n 0 | \n 69 | \n
\n \n | Balance at 31 December 2024 | \n 0 | \n 4,364 | \n 3,426 | \n 1,582 | \n 0 | \n 918 | \n 10,291 | \n
\n \n | AS AT 31 DECEMBER 2024 | \n 6,574 | \n 5,350 | \n 29,036 | \n 1,834 | \n 7,196 | \n 564 | \n 50,554 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | As at 31 December 2023 | \n 6,912 | \n 11,202 | \n 28,164 | \n 2,145 | \n 3,991 | \n 885 | \n 53,299 | \n
\n \n | AS AT 31 DECEMBER 2024 | \n 6,574 | \n 5,350 | \n 29,036 | \n 1,834 | \n 7,196 | \n 564 | \n 50,554 | \n
\n \n
\n
\n The increase in acquisition costs is attributable to \u00a0 the addition of EUR 1.9 million in technical assets \u00a0under construction, for which no depreciation \u00a0was recognized in the 2024 \ufb01nancial year. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43407_2024": {
"value": "\n
\n \n \n \n \n \n \n \n \n \n \n | \n Patents, | \n | \n | \n | \n | \n
\n \n | \n licenses, | \n | \n Intangible | \n | \n | \n
\n \n | \n trademarks | \n | \n assets | \n | \n | \n
\n \n | \n and similar | \n Computer | \n under deve- | \n | \n | \n
\n \n | (IN EUR 1,000) | \n rights | \n software | \n lopment | \n Goodwill | \n Total | \n
\n \n | ACCUMULATED AMORTISATION: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 107 | \n 161 | \n 0 | \n 0 | \n 269 | \n
\n \n | Amortisation | \n 0 | \n 75 | \n 0 | \n 0 | \n 75 | \n
\n \n | Change in consolidation scope | \n 108 | \n 42 | \n 0 | \n 0 | \n 150 | \n
\n \n | Disposals | \n 0 | \n 0 | \n 1,509 | \n 0 | \n 1,509 | \n
\n \n | Balance at 31 December 2023 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Balance at 1 January 2024 | \n 216 | \n 278 | \n 1,509 | \n 0 | \n 2,003 | \n
\n \n | Additions | \n 42 | \n 68 | \n 0 | \n 0 | \n 109 | \n
\n \n | Impairment | \n 0 | \n 0 | \n 0 | \n 3,174 | \n 3,174 | \n
\n \n | Disposals | \n 0 | \n 43 | \n 0 | \n 0 | \n 43 | \n
\n \n | Balance at 31 December 2024 | \n 257 | \n 303 | \n 1,509 | \n 3,174 | \n 5,243 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n
\n \n | Balance at 31 December 2023 | \n 52 | \n 100 | \n 0 | \n 3,771 | \n 3,922 | \n
\n \n | Balance at 31 December 2024 | \n 129 | \n 32 | \n 0 | \n 424 | \n 584 | \n
\n \n
\n
\n With effect from 1 January 2024,\u00a0the \u00a0 \u201cGeb\u00e4udeenergiegesetz\u201d was enacted in \u00a0Germany. This new regulation negatively \u00a0impacted the existing business model of \u00a0the Plant Engineering division. Previously, \u00a0the business model focused on the sale\u00a0and \u00a0implementation of half-size heat pumps, a \u00a0product line generating high revenues through \u00a0economies of scale. \u00a0\n
\n Following the regulatory change, demand for \u00a0 half-size heat pumps decreased signi\ufb01cantly, \u00a0requiring Plant Engineering to revise its strategic \u00a0direction. This triggering event, combined with \u00a0the shift in strategic focus, resulted in a lower \u00a0enterprise value for Plant Engineering and led to \u00a0an impairment of the goodwill allocated to this \u00a0business unit. \u00a0\n
\n Other intangible assets, such as technology and \u00a0 brand, are not affected by this impairment, as \u00a0they continue to be used in the business and are \u00a0amortised over their estimated useful lives. \u00a0\n
\n As of 31 December 2024, the Group had no \u00a0 commitments to acquire intangible assets. \u00a0\n
\n IMPAIRMENT ON TANGIBLE ASSETS \u00a0\n
\n The annual impairment test was performed with \u00a0 the result that no impairment indicators were \u00a0identi\ufb01ed. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43451_2024": {
"value": "\n 7. PROPERTY,\u00a0PLANT AND \u00a0\n
\n EQUIPMENT (INCLUDING \u00a0\n
\n RIGHT-OF-USE ASSETS) \u00a0\n
\n The following table presents the composition and \u00a0 changes in tangible assets for the \ufb01nancial year \u00a0ended 31 December 2024: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Other | \n Under | \n | \n | \n
\n \n | \n | \n | \n Technical ins- | \n installations, | \n construc- | \n Right | \n | \n
\n \n | \n | \n | \n tallations and | \n equipment | \n tion and | \n of use | \n | \n
\n \n | (in EUR 1,000) | \n Land | \n Buildings | \n machinery | \n and furniture | \n advances | \n Assets | \n Total | \n
\n \n | COST: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 91 | \n 5,796 | \n 24,954 | \n 2,769 | \n 2,538 | \n 0 | \n 36,148 | \n
\n \n | Additions* | \n 1,854 | \n 925 | \n 4,649 | \n 333 | \n 496 | \n 1,218 | \n 9,475 | \n
\n \n | Change in consolidation scope | \n 4,968 | \n 5,872 | \n 593 | \n 338 | \n 958 | \n 0 | \n 12,729 | \n
\n \n | Balance at 31 December 2023 | \n 6,912 | \n 12,593 | \n 30,196 | \n 3,440 | \n 3,992 | \n 1,218 | \n 58,352 | \n
\n \n | Balance at 1 January 2024 | \n 6,912 | \n 12,593 | \n 30,196 | \n 3,440 | \n 3,992 | \n 1,218 | \n 58,352 | \n
\n \n | Additions | \n 660 | \n 12 | \n 2,626 | \n 458 | \n 3,552 | \n 264 | \n 7,572 | \n
\n \n | Disposals | \n 998 | \n 2,890 | \n 359 | \n 483 | \n 347 | \n 0 | \n 5,078 | \n
\n \n | BALANCE AT 31 DECEMBER 2024 | \n 6,574 | \n 9,715 | \n 32,463 | \n 3,415 | \n 7,197 | \n 1,482 | \n 60,845 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Other | \n Under | \n | \n | \n
\n \n | \n | \n | \n Technical ins- | \n installations, | \n construc- | \n Right | \n | \n
\n \n | \n | \n | \n tallations and | \n equipment | \n tion and | \n of use | \n | \n
\n \n | (in EUR 1,000) | \n Land | \n Buildings | \n machinery | \n and furniture | \n advances | \n Assets | \n Total | \n
\n \n | ACCUMULATED DEPRECIATION: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 0 | \n 879 | \n 980 | \n 759 | \n 0 | \n 0 | \n 2,618 | \n
\n \n | Depreciation during the year* | \n 0 | \n 423 | \n 1,040 | \n 256 | \n 0 | \n 333 | \n 2,052 | \n
\n \n | Change in consolidation scope | \n 0 | \n 90 | \n 11 | \n 281 | \n 0 | \n 0 | \n 382 | \n
\n \n | Balance at 31 December 2023 | \n 0 | \n 1,392 | \n 2,031 | \n 1,296 | \n 0 | \n 333 | \n 5,052 | \n
\n \n | Balance at 1 January 2024 | \n 0 | \n 1,392 | \n 2,031 | \n 1,296 | \n 0 | \n 333 | \n 5,052 | \n
\n \n | Depreciation during the year | \n 0 | \n 3,360 | \n 1,352 | \n 614 | \n 0 | \n 585 | \n 5,911 | \n
\n \n | Disposals | \n 0 | \n 388 | \n 22 | \n 331 | \n 0 | \n 0 | \n 741 | \n
\n \n | Transfers | \n 0 | \n 0 | \n 65 | \n 4 | \n 0 | \n 0 | \n 69 | \n
\n \n | Balance at 31 December 2024 | \n 0 | \n 4,364 | \n 3,426 | \n 1,582 | \n 0 | \n 918 | \n 10,291 | \n
\n \n | AS AT 31 DECEMBER 2024 | \n 6,574 | \n 5,350 | \n 29,036 | \n 1,834 | \n 7,196 | \n 564 | \n 50,554 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | As at 31 December 2023 | \n 6,912 | \n 11,202 | \n 28,164 | \n 2,145 | \n 3,991 | \n 885 | \n 53,299 | \n
\n \n | AS AT 31 DECEMBER 2024 | \n 6,574 | \n 5,350 | \n 29,036 | \n 1,834 | \n 7,196 | \n 564 | \n 50,554 | \n
\n \n
\n
\n The increase in acquisition costs is attributable to \u00a0 the addition of EUR 1.9 million in technical assets \u00a0under construction, for which no depreciation \u00a0was recognized in the 2024 \ufb01nancial year. \u00a0\n
\n * In\u00a02023, a credit note was incorrectly included in the acquisition costs within the asset schedule. As a result, the acquisition \u00a0\n
\n costs were overstated by EUR 552k, which was also re\ufb02ected in depreciation and amortization for the same amount. \u00a0 This error has been corrected by restating the \ufb01gures for the previous year in accordance with IFRS. \u00a0\n
\n INSURANCE \u00a0\n
\n The Group has agreed an insurance contract to \u00a0 cover the risk of damage to its tangible assets. \u00a0The insured asset value of industrial installa- \u00a0tions, of\ufb01ce buildings and electronic equipment \u00a0amounts to kEUR 10,000 (2023: kEUR 10,000). \u00a0In addition, there is automatic insurance cover- \u00a0age for damages for the hydrogen powerplant \u00a0including the hydrogen \ufb01lling station of kEUR \u00a011,122 (2023: kEUR 9,803) and an automatic \u00a0insurance coverage for damages for the photo- \u00a0voltaic power plant of kEUR 6,398 \u00a0(2023: kEUR 6,398). \u00a0\n
\n TANGIBLE ASSETS PLEDGED \u00a0\n
\n AS COLLATERAL \u00a0\n
\n The Group does have tangible assets as at 31 \u00a0 December 2024 of kEUR 5,567 (2023: kEUR \u00a09,541) that are pledged as collateral for investor \u00a0and bank debts. \u00a0\n
\n CAPITALIZED INTERESTS \u00a0\n
\n The carrying amount as of the balance sheet \u00a0 date includes total interest capitalized amount- \u00a0ing to kEUR 2,637 (2023: kEUR 2,799) which was \u00a0incurred during construction and calculated with \u00a0an average capitalization rate of 7.42%. \u00a0\n
\n IMPAIRMENT ON TANGIBLE ASSETS \u00a0\n
\n The annual impairment test was performed with \u00a0 the result that no impairment indicators were \u00a0identi\ufb01ed. \u00a0\n
\n RIGHT-OF-USE ASSETS \u00a0\n
\n The Group has entered into lease agreements \u00a0 for various assets including plant, machinery, \u00a0vehicles and other operational equipment. \u00a0Lease terms for plant and machinery typically \u00a0range from 3 to 15 years, while leases for \u00a0\n
\n motor vehicles and other equipment generally \u00a0 have terms of 3 to 5 years. The Group\u2019s lease \u00a0liabilities are secured by the lessor\u2019s legal \u00a0ownership of the underlying leased assets. \u00a0\n
\n In general, the lease agreements prohibit the \u00a0 Group from assigning or subleasing the leased \u00a0assets. Certain contracts also include covenants \u00a0requiring the Group to maintain speci\ufb01ed \u00a0\ufb01nancial ratios. \u00a0\n
\n The Group applies the recognition exemptions \u00a0 provided under IFRS 16 for short-term leases \u00a0(12 months or less) and leases of low-value \u00a0assets, such as of\ufb01ce equipment. Payments \u00a0for these leases are recognized as an expense \u00a0over the lease term on a straight-line basis in the \u00a0consolidated income statement. \u00a0\n
\n The recognised right-of-use assets can be \u00a0 categorised as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Buildings | \n 190 | \n 597 | \n
\n \n | Vehicles | \n 366 | \n 284 | \n
\n \n | Furniture and of\ufb01ce equipment | \n 8 | \n 0 | \n
\n \n | Other | \n 0 | \n 4 | \n
\n \n | Right of use assets | \n 564 | \n 885 | \n
\n \n
\n
\n The amounts recognized in the consolidated \u00a0 income statement regarding the depreciation of \u00a0right-of-use assets are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Buildings | \n 407 | \n 223 | \n
\n \n | Vehicles | \n 172 | \n 93 | \n
\n \n | Furniture and of\ufb01ce equipment | \n 2 | \n 0 | \n
\n \n | Other | \n 4 | \n 17 | \n
\n \n | Depreciation | \n 585 | \n 333 | \n
\n \n | on Right of use assets | \n | \n | \n
\n \n
\n
\n 7. PROPERTY,\u00a0PLANT AND \u00a0\n
\n EQUIPMENT (INCLUDING \u00a0\n
\n RIGHT-OF-USE ASSETS) \u00a0\n
\n The following table presents the composition and \u00a0 changes in tangible assets for the \ufb01nancial year \u00a0ended 31 December 2024: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Other | \n Under | \n | \n | \n
\n \n | \n | \n | \n Technical ins- | \n installations, | \n construc- | \n Right | \n | \n
\n \n | \n | \n | \n tallations and | \n equipment | \n tion and | \n of use | \n | \n
\n \n | (in EUR 1,000) | \n Land | \n Buildings | \n machinery | \n and furniture | \n advances | \n Assets | \n Total | \n
\n \n | COST: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 91 | \n 5,796 | \n 24,954 | \n 2,769 | \n 2,538 | \n 0 | \n 36,148 | \n
\n \n | Additions* | \n 1,854 | \n 925 | \n 4,649 | \n 333 | \n 496 | \n 1,218 | \n 9,475 | \n
\n \n | Change in consolidation scope | \n 4,968 | \n 5,872 | \n 593 | \n 338 | \n 958 | \n 0 | \n 12,729 | \n
\n \n | Balance at 31 December 2023 | \n 6,912 | \n 12,593 | \n 30,196 | \n 3,440 | \n 3,992 | \n 1,218 | \n 58,352 | \n
\n \n | Balance at 1 January 2024 | \n 6,912 | \n 12,593 | \n 30,196 | \n 3,440 | \n 3,992 | \n 1,218 | \n 58,352 | \n
\n \n | Additions | \n 660 | \n 12 | \n 2,626 | \n 458 | \n 3,552 | \n 264 | \n 7,572 | \n
\n \n | Disposals | \n 998 | \n 2,890 | \n 359 | \n 483 | \n 347 | \n 0 | \n 5,078 | \n
\n \n | BALANCE AT 31 DECEMBER 2024 | \n 6,574 | \n 9,715 | \n 32,463 | \n 3,415 | \n 7,197 | \n 1,482 | \n 60,845 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Other | \n Under | \n | \n | \n
\n \n | \n | \n | \n Technical ins- | \n installations, | \n construc- | \n Right | \n | \n
\n \n | \n | \n | \n tallations and | \n equipment | \n tion and | \n of use | \n | \n
\n \n | (in EUR 1,000) | \n Land | \n Buildings | \n machinery | \n and furniture | \n advances | \n Assets | \n Total | \n
\n \n | ACCUMULATED DEPRECIATION: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Balance at 1 January 2023 | \n 0 | \n 879 | \n 980 | \n 759 | \n 0 | \n 0 | \n 2,618 | \n
\n \n | Depreciation during the year* | \n 0 | \n 423 | \n 1,040 | \n 256 | \n 0 | \n 333 | \n 2,052 | \n
\n \n | Change in consolidation scope | \n 0 | \n 90 | \n 11 | \n 281 | \n 0 | \n 0 | \n 382 | \n
\n \n | Balance at 31 December 2023 | \n 0 | \n 1,392 | \n 2,031 | \n 1,296 | \n 0 | \n 333 | \n 5,052 | \n
\n \n | Balance at 1 January 2024 | \n 0 | \n 1,392 | \n 2,031 | \n 1,296 | \n 0 | \n 333 | \n 5,052 | \n
\n \n | Depreciation during the year | \n 0 | \n 3,360 | \n 1,352 | \n 614 | \n 0 | \n 585 | \n 5,911 | \n
\n \n | Disposals | \n 0 | \n 388 | \n 22 | \n 331 | \n 0 | \n 0 | \n 741 | \n
\n \n | Transfers | \n 0 | \n 0 | \n 65 | \n 4 | \n 0 | \n 0 | \n 69 | \n
\n \n | Balance at 31 December 2024 | \n 0 | \n 4,364 | \n 3,426 | \n 1,582 | \n 0 | \n 918 | \n 10,291 | \n
\n \n | AS AT 31 DECEMBER 2024 | \n 6,574 | \n 5,350 | \n 29,036 | \n 1,834 | \n 7,196 | \n 564 | \n 50,554 | \n
\n \n | Carrying amounts: | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | As at 31 December 2023 | \n 6,912 | \n 11,202 | \n 28,164 | \n 2,145 | \n 3,991 | \n 885 | \n 53,299 | \n
\n \n | AS AT 31 DECEMBER 2024 | \n 6,574 | \n 5,350 | \n 29,036 | \n 1,834 | \n 7,196 | \n 564 | \n 50,554 | \n
\n \n
\n
\n The increase in acquisition costs is attributable to \u00a0 the addition of EUR 1.9 million in technical assets \u00a0under construction, for which no depreciation \u00a0was recognized in the 2024 \ufb01nancial year. \u00a0\n
\n * In\u00a02023, a credit note was incorrectly included in the acquisition costs within the asset schedule. As a result, the acquisition \u00a0\n
\n costs were overstated by EUR 552k, which was also re\ufb02ected in depreciation and amortization for the same amount. \u00a0 This error has been corrected by restating the \ufb01gures for the previous year in accordance with IFRS. \u00a0\n
\n RIGHT-OF-USE ASSETS \u00a0\n
\n The Group has entered into lease agreements \u00a0 for various assets including plant, machinery, \u00a0vehicles and other operational equipment. \u00a0Lease terms for plant and machinery typically \u00a0range from 3 to 15 years, while leases for \u00a0\n
\n motor vehicles and other equipment generally \u00a0 have terms of 3 to 5 years. The Group\u2019s lease \u00a0liabilities are secured by the lessor\u2019s legal \u00a0ownership of the underlying leased assets. \u00a0\n
\n In general, the lease agreements prohibit the \u00a0 Group from assigning or subleasing the leased \u00a0assets. Certain contracts also include covenants \u00a0requiring the Group to maintain speci\ufb01ed \u00a0\ufb01nancial ratios. \u00a0\n
\n The Group applies the recognition exemptions \u00a0 provided under IFRS 16 for short-term leases \u00a0(12 months or less) and leases of low-value \u00a0assets, such as of\ufb01ce equipment. Payments \u00a0for these leases are recognized as an expense \u00a0over the lease term on a straight-line basis in the \u00a0consolidated income statement. \u00a0\n
\n The recognised right-of-use assets can be \u00a0 categorised as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Buildings | \n 190 | \n 597 | \n
\n \n | Vehicles | \n 366 | \n 284 | \n
\n \n | Furniture and of\ufb01ce equipment | \n 8 | \n 0 | \n
\n \n | Other | \n 0 | \n 4 | \n
\n \n | Right of use assets | \n 564 | \n 885 | \n
\n \n
\n
\n The amounts recognized in the consolidated \u00a0 income statement regarding the depreciation of \u00a0right-of-use assets are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Buildings | \n 407 | \n 223 | \n
\n \n | Vehicles | \n 172 | \n 93 | \n
\n \n | Furniture and of\ufb01ce equipment | \n 2 | \n 0 | \n
\n \n | Other | \n 4 | \n 17 | \n
\n \n | Depreciation | \n 585 | \n 333 | \n
\n \n | on Right of use assets | \n | \n | \n
\n \n
\n
\n 17. LEASE\u00a0LIABILITIES \u00a0\n
\n The Group\u2019s other non-current liabilities mainly \u00a0 consist of lease liabilities. As of 31 December \u00a02024, the non-current portion of lease liabilities \u00a0amounted to kEUR 230 (2023: kEUR 340), while \u00a0the current portion amounted to kEUR 348 \u00a0(2023: kEUR 528). \u00a0\n
\n The decrease in total lease liabilities to kEUR \u00a0 577 as of 31 December 2024 (2023: kEUR 868) \u00a0primarily re\ufb02ects regular lease payments made \u00a0during the year and the absence of signi\ufb01cant \u00a0new lease contracts. \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Lease liabilities non-current | \n 230 | \n 340 | \n
\n \n | Lease liabilities current | \n 348 | \n 528 | \n
\n \n | Total | \n 578 | \n 868 | \n
\n \n
\n
\n The table below summarizes the maturity of the \u00a0 lease liabilities as of 31 December 2024 and 31 \u00a0December 2023, respectively: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | 31/12/2023 (in\u00a0EUR 1,000) | \n Less than 1year | \n Between 1 to 5 | \n Over 5 years | \n Total | \n
\n \n | \n | \n years | \n | \n | \n
\n \n | lease liabilities | \n 528 | \n 340 | \n 0 | \n 868 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n | 31/12/2024 (in\u00a0EUR 1,000) | \n Less than 1year | \n Between 1 to 5 | \n Over 5 years | \n Total | \n
\n \n | \n | \n years | \n | \n | \n
\n \n | lease liabilities | \n 348 | \n 230 | \n 0 | \n 578 | \n
\n \n
\n
\n In the \ufb01nancial year 2024, the rental and leasing \u00a0 expenses for short term (up to 12 month) are \u00a0kEUR 10 (2023: kEUR 18). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43362_2024": {
"value": "\n TANGIBLE ASSETS PLEDGED \u00a0\n
\n AS COLLATERAL \u00a0\n
\n The Group does have tangible assets as at 31 \u00a0 December 2024 of kEUR 5,567 (2023: kEUR \u00a09,541) that are pledged as collateral for investor \u00a0and bank debts. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCollateralExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43354_2024": {
"value": "\n CAPITALIZED INTERESTS \u00a0\n
\n The carrying amount as of the balance sheet \u00a0 date includes total interest capitalized amount- \u00a0ing to kEUR 2,637 (2023: kEUR 2,799) which was \u00a0incurred during construction and calculated with \u00a0an average capitalization rate of 7.42%. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43423_2024": {
"value": "\n 8. OTHER\u00a0FINANCIAL \u00a0\n
\n INVESTMENTS \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n | \n | \n Amount of investment | \n
\n \n | NAME OF ASSOCIATE | \n Registered of\ufb01ce | \n Activity | \n % ownership | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Nuventura GmbH | \n Berlin | \n Technology development | \n < 10% | \n 557 | \n 825 | \n
\n \n | Play Ventures Fund II | \n Singapore | \n Investment Fund | \n < 10% | \n 1,892 | \n 1,649 | \n
\n \n | Total | \n | \n | \n | \n 2,449 | \n 2,474 | \n
\n \n
\n
\n In the \ufb01nancial year of 2024, the Group \u00a0 recognized an impairment loss of 268 kEUR of\u00a0its \u00a0investment in Nuventura GmbH. The impairment \u00a0loss is shown under depreciation, amortisation \u00a0and impairment expense in the consolidated \u00a0income statement. As of 31 December 2024, \u00a0management did not identify any indicators of \u00a0impairment for the investment in Play Ventures \u00a0Fund II. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43346_2024": {
"value": "The lifetime credit loss of tradereceivables was determined for each customer \u00a0based on data from an external rating agency. \u00a0",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43408_2024": {
"value": "\n 10. INCOME\u00a0TAX/ \u00a0\n
\n DEFERRED TAX ASSETS \u00a0\n
\n The Group entities are taxable according to their \u00a0 applicable tax regulations. During the year ended \u00a031 December 2024, the Company, is subject \u00a0to the German statutory income tax rate of \u00a027.69 % (2023: 27.69 %). The companies which \u00a0are subjects to Luxembourg income tax rate of \u00a026.59 % (2023: 26.59 %). The main tax expenses \u00a0accrue within the companies under German \u00a0tax law. \u00a0\n
\n The income tax expense is presented follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | CURRENT TAX | \n | \n | \n
\n \n | Current period | \n 657 | \n 429 | \n
\n \n | Total current tax expense | \n 657 | \n 429 | \n
\n \n | DEFERRED TAX | \n | \n | \n
\n \n | Source and reversal of temporary differences | \n | \n | \n
\n \n | Intangible assets | \n 0 | \n 103 | \n
\n \n | Tangible assets | \n (1) | \n 40 | \n
\n \n | Right-of-use assets | \n (125) | \n (240) | \n
\n \n | Finance costs | \n 35 | \n 0 | \n
\n \n | Percentage of completion | \n 92 | \n 88 | \n
\n \n | Other | \n 0 | \n (1) | \n
\n \n | Increase of deferred tax assets | \n 0 | \n 10 | \n
\n \n | Total deferred tax expense | \n 0 | \n 0 | \n
\n \n | Income tax bene\ufb01t / (expense), net | \n (657) | \n (429) | \n
\n \n
\n
\n The tax reconciliation using the German tax rate \u00a0 of 27.69 % (2023: 27,69 %) is as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Consolidated income (loss) beforeincome tax | \n (27,166) | \n (24,206) | \n
\n \n | German tax at 27.69 % (2023: 27,69 %) | \n (7,522) | \n (6,703) | \n
\n \n | Not usable | \n 7,187 | \n 6,392 | \n
\n \n | Luxembourg tax at 26.59 % (2023: 26.59 %) | \n (2) | \n (10) | \n
\n \n | other tax adjustments | \n (356) | \n (128) | \n
\n \n | Deferred taxes | \n 0 | \n 0 | \n
\n \n | \n | \n | \n
\n \n | Income tax (expense)/bene\ufb01t | \n (657) | \n (301) | \n
\n \n
\n
\n The other Group companies have all years open \u00a0 to inspection in Germany that are applicable to \u00a0each individual company in accordance with \u00a0current local legislation. \u00a0\n
\n Due to the existing loss carryforwards, the \u00a0 deferred tax liabilities will not have any future \u00a0effect on income tax. For this reason, deferred \u00a0tax assets were capitalised in the amount of the \u00a0deferred tax liabilities. \u00a0\n
\n During the \ufb01nancial year, there are unrecognized \u00a0 deferred tax assets of kEUR 23,793 (2023: kEUR \u00a015,931). The unrecognized deferred tax assets are \u00a0based on kEUR 70,137 tax loss (corporation tax) \u00a0and kEUR 69,251 tax loss (trade tax) during the \u00a0years 2018-2024 on which the necessary condi- \u00a0tions were not met for future tax deductibility. \u00a0\n
\n The declared tax loss carryforwards as of the \u00a0 dates indicated are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | DOMESTIC TAX LOSS CARRYFORWARDS | \n | \n | \n
\n \n | corporate tax loss carryforwards | \n 70,137 | \n 62,380 | \n
\n \n | trade tax loss carryforwards | \n 69,251 | \n 63,038 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | CURRENT TAX | \n | \n | \n
\n \n | Current period | \n 657 | \n 429 | \n
\n \n | Total current tax expense | \n 657 | \n 429 | \n
\n \n | DEFERRED TAX | \n | \n | \n
\n \n | Source and reversal of temporary differences | \n | \n | \n
\n \n | Intangible assets | \n 0 | \n 103 | \n
\n \n | Tangible assets | \n (1) | \n 40 | \n
\n \n | Right-of-use assets | \n (125) | \n (240) | \n
\n \n | Finance costs | \n 35 | \n 0 | \n
\n \n | Percentage of completion | \n 92 | \n 88 | \n
\n \n | Other | \n 0 | \n (1) | \n
\n \n | Increase of deferred tax assets | \n 0 | \n 10 | \n
\n \n | Total deferred tax expense | \n 0 | \n 0 | \n
\n \n | Income tax bene\ufb01t / (expense), net | \n (657) | \n (429) | \n
\n \n
\n
\n The tax reconciliation using the German tax rate \u00a0 of 27.69 % (2023: 27,69 %) is as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Consolidated income (loss) beforeincome tax | \n (27,166) | \n (24,206) | \n
\n \n | German tax at 27.69 % (2023: 27,69 %) | \n (7,522) | \n (6,703) | \n
\n \n | Not usable | \n 7,187 | \n 6,392 | \n
\n \n | Luxembourg tax at 26.59 % (2023: 26.59 %) | \n (2) | \n (10) | \n
\n \n | other tax adjustments | \n (356) | \n (128) | \n
\n \n | Deferred taxes | \n 0 | \n 0 | \n
\n \n | \n | \n | \n
\n \n | Income tax (expense)/bene\ufb01t | \n (657) | \n (301) | \n
\n \n
\n
\n Due to the existing loss carryforwards, the \u00a0 deferred tax liabilities will not have any future \u00a0effect on income tax. For this reason, deferred \u00a0tax assets were capitalised in the amount of the \u00a0deferred tax liabilities. \u00a0\n
\n During the \ufb01nancial year, there are unrecognized \u00a0 deferred tax assets of kEUR 23,793 (2023: kEUR \u00a015,931). The unrecognized deferred tax assets are \u00a0based on kEUR 70,137 tax loss (corporation tax) \u00a0and kEUR 69,251 tax loss (trade tax) during the \u00a0years 2018-2024 on which the necessary condi- \u00a0tions were not met for future tax deductibility. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43420_2024": {
"value": "\n 11. INVENTORIES \u00a0\n
\n The inventories are entirely composed of goods \u00a0 as at 31 December 2024 and 2023. \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Goods | \n 191 | \n 210 | \n
\n \n | \n 191 | \n 210 | \n
\n \n
\n
\n 12. CONTRACT\u00a0ASSETS \u00a0\n
\n Details of contract assets are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Contract assets | \n 17,409 | \n 5,941 | \n
\n \n | total | \n 17,409 | \n 5,941 | \n
\n \n
\n
\n Total contract assets are due to revenue from \u00a0 projects which are recognized over time by refer- \u00a0ence to the percentage of completion of the pro- \u00a0ject. As of 31 December 2024, an impairment of \u00a0kEUR 107 was recognized (31 December 2023: \u00a0kEUR 43). The impairment loss is shown under \u00a0depreciation, amortisation and impairment ex- \u00a0pense in the consolidated income statement. \u00a0\n
\n The signi\ufb01cant increase in contract assets \u00a0 compared to the prior year mainly relates to the \u00a0progress of project developments and related \u00a0revenue recognition towards the end of the \u00a0reporting period. \u00a0\n
\n For further information on credit risk related \u00a0 to contract assets, please refer to Note 21 \u00a0Financial Risk Management \u00a0\n
\n \n \n 24. REVENUE \u00a0\n
\n \n Details of revenues by category of\n activity \u00a0 are as follows: \u00a0\n
\n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000)\n | \n 2024 | \n 2023 | \n
\n \n | Revenue from project\n development - Over time | \n 28,903 | \n 14,819 | \n
\n \n | Revenue from own\n operations - Point of time | \n 663 | \n 478 | \n
\n \n | Total revenue\n | \n 29,566\n | \n 15,297 | \n
\n \n
\n
\n Revenue for the year ended 31 December\n 2024 \u00a0 amounted to kEUR 29,566 (2023: kEUR 15,297) \u00a0and was primarily generated from project\n de- \u00a0velopment activities, which are recognized over\n \u00a0time, and from operational revenues, recognized\n \u00a0at a point in time. \u00a0\n
\n \n The signi\ufb01cant increase in revenue\n from project \u00a0 development re\ufb02ects continued\n progress on \u00a0several ongoing projects, including\n new project \u00a0phases initiated in the reporting\n year \u00a0\n
\n \n In accordance with IFRS 15, the following\n table \u00a0 provides an overview of the contract assets\n \u00a0and contract liabilities arising from customer\n \u00a0contracts as at the respective reporting dates:\n \u00a0\n
\n \n
\n \n \n \n \n \n \n \n \n | CONTRACT BALANCES (in\n EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade receivables (Note\n 13) | \n 2,213\n | \n 5,641\n | \n
\n \n | Contract assets (Note\n 12) | \n 17,409\n | \n 5,941\n | \n
\n \n | Contract liabilities\n (Note20) | \n 233 | \n 1,284\n | \n
\n \n
\n
\n The amount of kEUR 1,284 included in\n contract \u00a0 liabilities as of 31 December 2023 has been \u00a0recognized as revenue in 2024 (2023: kEUR\n 0). \u00a0There is no revenue recognized in 2024 from\n \u00a0performance obligations satis\ufb01ed (or partially\n \u00a0satis\ufb01ed) in previous periods eg. due to changes \u00a0in the estimate of the stage of completion\n \u00a0(2023: kEUR 0). \u00a0\n
\n \n ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43462_2024": {
"value": "\n 12. CONTRACT\u00a0ASSETS \u00a0\n
\n Details of contract assets are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Contract assets | \n 17,409 | \n 5,941 | \n
\n \n | total | \n 17,409 | \n 5,941 | \n
\n \n
\n
\n Total contract assets are due to revenue from \u00a0 projects which are recognized over time by refer- \u00a0ence to the percentage of completion of the pro- \u00a0ject. As of 31 December 2024, an impairment of \u00a0kEUR 107 was recognized (31 December 2023: \u00a0kEUR 43). The impairment loss is shown under \u00a0depreciation, amortisation and impairment ex- \u00a0pense in the consolidated income statement. \u00a0\n
\n The signi\ufb01cant increase in contract assets \u00a0 compared to the prior year mainly relates to the \u00a0progress of project developments and related \u00a0revenue recognition towards the end of the \u00a0reporting period. \u00a0\n
\n For further information on credit risk related \u00a0 to contract assets, please refer to Note 21 \u00a0Financial Risk Management \u00a0\n
\n 20. CONTRACT\u00a0LIABILITIES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Contract liabilities | \n 233 | \n 1,284 | \n
\n \n | Total | \n 233 | \n 1,284 | \n
\n \n
\n
\n Contract liabilities arise primarily from advance \u00a0 payments made by customers for product deliver- \u00a0ies and are predominantly recognized as revenue \u00a0within one year. \u00a0\n
\n \n 24. REVENUE \u00a0\n
\n \n Details of revenues by category of\n activity \u00a0 are as follows: \u00a0\n
\n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000)\n | \n 2024 | \n 2023 | \n
\n \n | Revenue from project\n development - Over time | \n 28,903 | \n 14,819 | \n
\n \n | Revenue from own\n operations - Point of time | \n 663 | \n 478 | \n
\n \n | Total revenue\n | \n 29,566\n | \n 15,297 | \n
\n \n
\n
\n Revenue for the year ended 31 December\n 2024 \u00a0 amounted to kEUR 29,566 (2023: kEUR 15,297) \u00a0and was primarily generated from project\n de- \u00a0velopment activities, which are recognized over\n \u00a0time, and from operational revenues, recognized\n \u00a0at a point in time. \u00a0\n
\n \n The signi\ufb01cant increase in revenue\n from project \u00a0 development re\ufb02ects continued\n progress on \u00a0several ongoing projects, including\n new project \u00a0phases initiated in the reporting\n year \u00a0\n
\n \n In accordance with IFRS 15, the following\n table \u00a0 provides an overview of the contract assets\n \u00a0and contract liabilities arising from customer\n \u00a0contracts as at the respective reporting dates:\n \u00a0\n
\n \n
\n \n \n \n \n \n \n \n \n | CONTRACT BALANCES (in\n EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade receivables (Note\n 13) | \n 2,213\n | \n 5,641\n | \n
\n \n | Contract assets (Note\n 12) | \n 17,409\n | \n 5,941\n | \n
\n \n | Contract liabilities\n (Note20) | \n 233 | \n 1,284\n | \n
\n \n
\n
\n The amount of kEUR 1,284 included in\n contract \u00a0 liabilities as of 31 December 2023 has been \u00a0recognized as revenue in 2024 (2023: kEUR\n 0). \u00a0There is no revenue recognized in 2024 from\n \u00a0performance obligations satis\ufb01ed (or partially\n \u00a0satis\ufb01ed) in previous periods eg. due to changes \u00a0in the estimate of the stage of completion\n \u00a0(2023: kEUR 0). \u00a0\n
\n ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43405_2024": {
"value": "\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Project related advance payments done | \n 0 | \n 4,478 | \n
\n \n | Receivables from shareholders | \n 506 | \n 506 | \n
\n \n | Grants | \n 376 | \n 166 | \n
\n \n | Security and other deposits | \n 47 | \n 47 | \n
\n \n | VAT receivable | \n 519 | \n 0 | \n
\n \n | Acrrued interest | \n 21 | \n 0 | \n
\n \n | other | \n 148 | \n 197 | \n
\n \n | total | \n 1,617 | \n 5,394 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Project related advance payments done | \n 0 | \n 4,478 | \n
\n \n | Receivables from shareholders | \n 506 | \n 506 | \n
\n \n | Grants | \n 376 | \n 166 | \n
\n \n | Security and other deposits | \n 47 | \n 47 | \n
\n \n | VAT receivable | \n 519 | \n 0 | \n
\n \n | Acrrued interest | \n 21 | \n 0 | \n
\n \n | other | \n 148 | \n 197 | \n
\n \n | total | \n 1,617 | \n 5,394 | \n
\n \n
\n
\n 15. EQUITY \u00a0\n
\n SHARE CAPITAL \u00a0\n
\n There were no changes in share capital during \u00a0 the current \ufb01nancial year. The number of shares \u00a0is presented as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n | \n Total Shares | \n Unlimited | \n Ordinary | \n
\n \n | \n | \n Shares | \n Shares | \n
\n \n | Number of shares issued as at 1 January 2023 | \n 20,073,696 | \n 1 | \n 20,073,695 | \n
\n \n | Issuance of Ordinary Shares \u2013 19 January 2023 | \n 16,285,467 | \n 0 | \n 16,285,467 | \n
\n \n | Number of shares issued as at 31 December 2023 | \n 36,359,163 | \n 1 | \n 36,359,162 | \n
\n \n | Number of shares issued as at 1 January 2024 | \n 36,359,163 | \n 1 | \n 36,359,162 | \n
\n \n | Number of shares issued as at 31 December 2024 | \n 36,359,163 | \n 1 | \n 36,359,162 | \n
\n \n
\n
\n The Company\u2019s share capital as of 31 December 2024 amounts to EUR 564,384.91 (2023: EUR \u00a0564,384.91), represented by 36,359,162 Ordinary \u00a0Shares (2023: 36,359,162) and one unlimited \u00a0Share with no par value. The unlimited Share \u00a0is held by the General Partner. Ordinary Shares \u00a0are listed in the Prime Segment of the Frankfurt \u00a0stock exchange. \u00a0\n
\n Each share entitles the holder thereof to one vote. Each Share shall be entitled to receive the same \u00a0amount. Ordinary Shares are freely transferable, \u00a0the Unlimited Share is only transferrable to \u00a0unlimited shareholders jointly and severally liable \u00a0for all liabilities of the Company which cannot bemet out of the assets of the Company. All rightsand obligations attached to any share are passedto any transferee thereof. \u00a0\n
\n Electronic copies of the Articles can be \u00a0 downloaded from the website of H2APEX \u00a0Group SCA: https://ir.h2apex.com/\ufb01leadmin/ \u00a0downloads/ir/corp_govern/2024-01-18_ \u00a0H2APEX_Group_SCA_Koordinierte_Satzung.pdf \u00a0\n
\n As of 31 December 2024, the Company\u2019s \u00a0 authorized capital amounts to EUR 2,555,215.27, \u00a0corresponding to up to 168,429,588 Ordinary \u00a0Shares that may be issued by resolution of the \u00a0General Partner, based on the authorization \u00a0granted by the shareholders on 29 June 2022. \u00a0\n
\n LEGAL RESERVE \u00a0\n
\n Under Luxembourg law, 5% of the net pro\ufb01t of \u00a0 the year, net of any losses brought forward, must \u00a0be allocated to a legal reserve until such reserve \u00a0equals 10% of the issued share capital. This \u00a0reserve is not available for dividend distribution \u00a0and amounts to EUR 56.439 as at 31 December \u00a02024. During the year, the Company has not \u00a0acquired/ sold any own shares. \u00a0\n
\n \n \n CAPITAL RESERVES \u00a0\n
\n \n \n The capital reserve consists entirely of share \u00a0\n \n premium and amounted to kEUR 111,204 as at 31 \u00a0\n \n December 2024 (2023: kEUR 111,204). \u00a0\n \n There were no changes in 2024. \u00a0\n\n
\n \n \n RETAINED EARNINGS \u00a0\n
\n Retained earnings comprise accumulated losses \u00a0 from prior years as well as the loss incurred in \u00a0the current \ufb01nancial year. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43425_2024": {
"value": "\n
\n \n \n \n \n \n \n \n \n | \n Total Shares | \n Unlimited | \n Ordinary | \n
\n \n | \n | \n Shares | \n Shares | \n
\n \n | Number of shares issued as at 1 January 2023 | \n 20,073,696 | \n 1 | \n 20,073,695 | \n
\n \n | Issuance of Ordinary Shares \u2013 19 January 2023 | \n 16,285,467 | \n 0 | \n 16,285,467 | \n
\n \n | Number of shares issued as at 31 December 2023 | \n 36,359,163 | \n 1 | \n 36,359,162 | \n
\n \n | Number of shares issued as at 1 January 2024 | \n 36,359,163 | \n 1 | \n 36,359,162 | \n
\n \n | Number of shares issued as at 31 December 2024 | \n 36,359,163 | \n 1 | \n 36,359,162 | \n
\n \n
\n
\n The Company\u2019s share capital as of 31 December 2024 amounts to EUR 564,384.91 (2023: EUR \u00a0564,384.91), represented by 36,359,162 Ordinary \u00a0Shares (2023: 36,359,162) and one unlimited \u00a0Share with no par value. The unlimited Share \u00a0is held by the General Partner. Ordinary Shares \u00a0are listed in the Prime Segment of the Frankfurt \u00a0stock exchange. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43459_2024": {
"value": "\n LEGAL RESERVE \u00a0\n
\n Under Luxembourg law, 5% of the net pro\ufb01t of \u00a0 the year, net of any losses brought forward, must \u00a0be allocated to a legal reserve until such reserve \u00a0equals 10% of the issued share capital. This \u00a0reserve is not available for dividend distribution \u00a0and amounts to EUR 56.439 as at 31 December \u00a02024. During the year, the Company has not \u00a0acquired/ sold any own shares. \u00a0\n
\n \n \n CAPITAL RESERVES \u00a0\n
\n \n \n The capital reserve consists entirely of share \u00a0\n \n premium and amounted to kEUR 111,204 as at 31 \u00a0\n \n December 2024 (2023: kEUR 111,204). \u00a0\n \n There were no changes in 2024. \u00a0\n\n
\n \n ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43355_2024": {
"value": "\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2024 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 113 | \n 0 | \n 113 | \n 113 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 12,906 | \n 0 | \n 12,906 | \n 12,906 | \n
\n \n | Shareholder loans | \n 33,801 | \n 0 | \n 33,801 | \n 3,008 | \n 0 | \n 3,008 | \n 36,809 | \n
\n \n | Total financial liabilities | \n 33,801 | \n 0 | \n 33,801 | \n 16,027 | \n 0 | \n 16,027 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Non-current | \n Current | \n | \n
\n \n | 31/12/2023 | \n Carrying | \n | \n | \n Carrying | \n | \n | \n Grand | \n
\n \n | (in EUR 1,000) | \n Amount | \n Fair Value | \n Total | \n Amount | \n Fair Value | \n Total | \n total | \n
\n \n | Debts with credit institutions | \n 0 | \n 0 | \n 0 | \n 163 | \n 0 | \n 163 | \n 163 | \n
\n \n | Trade and other payables | \n 0 | \n 0 | \n 0 | \n 5,176 | \n 0 | \n 5,176 | \n 5,176 | \n
\n \n | Shareholder loans | \n 33,109 | \n 0 | \n 33,109 | \n 10,448 | \n 0 | \n 10,448 | \n 43,557 | \n
\n \n | Total financial liabilities | \n 33,109 | \n 0 | \n 33,109 | \n 15,787 | \n 0 | \n 15,787 | \n 48,896 | \n
\n \n
\n
\n The classi\ufb01cation of \ufb01nancial liabilities as of 31 \u00a0 December 2024 re\ufb02ects the Group\u2019s exposure pri-marily to liabilities arising from loans and accruedinterest from related parties. The total amount of \u00a0\ufb01nancial liabilities increased to kEUR 49,828 (31 \u00a0December 2023: kEUR 48,896), mainly due to an \u00a0increase in trade and other payables and newly \u00a0recognized current portions of \ufb01nancial liabilities. \u00a0\n
\n Non-current \ufb01nancial liabilities as of 31 Decem- \u00a0 ber 2024 amounted to kEUR 33,801 (2023: kEUR \u00a033,109) and relate entirely to loans from related \u00a0parties, as further detailed in Note 32. The cor- \u00a0responding current portion of \ufb01nancial liabilities \u00a0\n
\n totals kEUR 3,008 (2023: kEUR 10,448), while \u00a0 trade\u00a0and other payables increased to kEUR \u00a012,906 (2023: kEUR 5,176), re\ufb02ecting higher year- \u00a0end obligations. \u00a0\n
\n 29. FINANCIAL\u00a0EXPENSES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | FX losses | \n 33 | \n 109 | \n
\n \n | Interest on amount owed to credit institutions | \n 180 | \n 79 | \n
\n \n | Interest on other \ufb01nancial liabilities | \n 1,233 | \n 2,160 | \n
\n \n | Other \ufb01nancial charges | \n 28 | \n 108 | \n
\n \n | Total \ufb01nance expenses | \n 1,474 | \n 2,456 | \n
\n \n
\n
\n Financial expenses for the year ended 31 De- \u00a0 cember 2024 amounted to kEUR 1,474 (2023: \u00a0kEUR 2,456). They primarily relate to interest \u00a0expenses on \ufb01nancial liabilities and credit facili- \u00a0ties, foreign exchange losses as well as other \u00a0\ufb01nancing-related charges. \u00a0\n
\n Included in this amount are interest expenses \u00a0 from lease liabilities in accordance with IFRS 16 \u00a0in the amount of kEUR 43 (2023: kEUR 33). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43417_2024": {
"value": "\n The classi\ufb01cation of \ufb01nancial liabilities as of 31 \u00a0 December 2024 re\ufb02ects the Group\u2019s exposure pri-marily to liabilities arising from loans and accruedinterest from related parties. The total amount of \u00a0\ufb01nancial liabilities increased to kEUR 49,828 (31 \u00a0December 2023: kEUR 48,896), mainly due to an \u00a0increase in trade and other payables and newly \u00a0recognized current portions of \ufb01nancial liabilities. \u00a0\n
\n Non-current \ufb01nancial liabilities as of 31 Decem- \u00a0 ber 2024 amounted to kEUR 33,801 (2023: kEUR \u00a033,109) and relate entirely to loans from related \u00a0parties, as further detailed in Note 32. The cor- \u00a0responding current portion of \ufb01nancial liabilities \u00a0\n
\n totals kEUR 3,008 (2023: kEUR 10,448), while \u00a0 trade\u00a0and other payables increased to kEUR \u00a012,906 (2023: kEUR 5,176), re\ufb02ecting higher year- \u00a0end obligations. \u00a0\n
\n 28. FINANCIAL\u00a0INCOME \u00a0\n
\n Details of \ufb01nancial income are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Interest bank accounts | \n 111 | \n 345 | \n
\n \n | FX gains | \n 0 | \n 80 | \n
\n \n | Other \ufb01nancial income | \n 29 | \n 254 | \n
\n \n | Total \ufb01nancial income | \n 140 | \n 679 | \n
\n \n
\n
\n Financial income for the year ended \u00a0 31 December 2024 amounted to kEUR 140 \u00a0(2023: kEUR 679) and mainly includes interest \u00a0income from bank balances and other \ufb01nancial \u00a0income. No foreign exchange gains were \u00a0recognised in the reporting year. \u00a0\n
\n 29. FINANCIAL\u00a0EXPENSES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | FX losses | \n 33 | \n 109 | \n
\n \n | Interest on amount owed to credit institutions | \n 180 | \n 79 | \n
\n \n | Interest on other \ufb01nancial liabilities | \n 1,233 | \n 2,160 | \n
\n \n | Other \ufb01nancial charges | \n 28 | \n 108 | \n
\n \n | Total \ufb01nance expenses | \n 1,474 | \n 2,456 | \n
\n \n
\n
\n Financial expenses for the year ended 31 De- \u00a0 cember 2024 amounted to kEUR 1,474 (2023: \u00a0kEUR 2,456). They primarily relate to interest \u00a0expenses on \ufb01nancial liabilities and credit facili- \u00a0ties, foreign exchange losses as well as other \u00a0\ufb01nancing-related charges. \u00a0\n
\n Included in this amount are interest expenses \u00a0 from lease liabilities in accordance with IFRS 16 \u00a0in the amount of kEUR 43 (2023: kEUR 33). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43452_2024": {
"value": "\n \n \n 18. PROVISIONS \u00a0\n
\n \n As at 31 December 2024, total provisions\n \u00a0 amounted to kEUR 9,440 (2023: kEUR 10,949). \u00a0The\n composition is presented below. \u00a0\n
\n \n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000)\n | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Provision for\n outstanding supplier invoices | \n 6,308 | \n 8,009 | \n
\n \n | Provision for\n outstanding other invoices | \n 0\n | \n 1,000\n | \n
\n \n | Tax provisions\n | \n 1,020 | \n 629 | \n
\n \n | Provisions with\n personnel | \n 1,016 | \n 538 | \n
\n \n | Provisions for legal\n disputes | \n 125 | \n 390 | \n
\n \n | Other provisions\n | \n 971 | \n 383 | \n
\n \n | Total Provisions\n | \n 9,440\n | \n 10,949\n | \n
\n \n
\n
\n The increase in personnel-related\n provisions \u00a0 to\n kEUR 1,016 as of 31 December 2024 (2023: \u00a0kEUR 538) mainly results from the increase \u00a0in provisions for management bonuses. \u00a0\n
\n \n \n \n Movement of provisions during the year ended \u00a0 31 December 2024 is as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Provision | \n | \n | \n | \n | \n | \n | \n
\n \n | \n for out- | \n Provision | \n | \n Other | \n | \n | \n | \n
\n \n | \n standing | \n for outstan- | \n | \n provisions | \n Provisions | \n | \n | \n
\n \n | \n supplier | \n ding other | \n Tax | \n with | \n for legal | \n Other | \n | \n
\n \n | (IN EUR 1,000) | \n invoices | \n invoices | \n provisions | \n personnel | \n disputes | \n provisions | \n Total | \n
\n \n | As at 31 December 2023 | \n 8,009 | \n 1,000 | \n 628 | \n 538 | \n 390 | \n 383 | \n 10,948 | \n
\n \n | Charges | \n 5,999 | \n 0 | \n 1,020 | \n 1,212 | \n 125 | \n 850 | \n 9,206 | \n
\n \n | Reversals | \n 0 | \n 0 | \n 0 | \n (372) | \n (260) | \n (281) | \n (913) | \n
\n \n | Use | \n (7,700) | \n (1,000) | \n (628) | \n (451) | \n (130) | \n (196) | \n (10,105) | \n
\n \n | Change in consolidation scope | \n 0 | \n 0 | \n 0 | \n 0 | \n 0 | \n (43) | \n (43) | \n
\n \n | other changes | \n 0 | \n 0 | \n 0 | \n 89 | \n 0 | \n 258 | \n 347 | \n
\n \n | Balance at 31 December 2024 | \n 6,308 | \n 0 | \n 1,020 | \n 1,016 | \n 125 | \n 971 | \n 9,440 | \n
\n \n
\n
\n Movements in provisions during the year ended \u00a0 31 December 2023 were as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n | \n Provision | \n | \n | \n Other | \n | \n | \n
\n \n | \n for | \n | \n | \n provisions | \n | \n | \n
\n \n | \n outstanding | \n | \n Other provisions | \n for legal | \n Other | \n | \n
\n \n | (IN EUR 1,000) | \n invoices | \n Tax provisions | \n with personnel | \n disputes | \n provisions | \n Total | \n
\n \n | As at 31 December 2022 | \n 0 | \n 297 | \n 43 | \n 690 | \n 149 | \n 1,179 | \n
\n \n | Charges | \n 9,009 | \n 628 | \n 638 | \n 225 | \n 383 | \n 10,784 | \n
\n \n | Reversals | \n 0 | \n 0 | \n 0 | \n (25) | \n 0 | \n (25) | \n
\n \n | Use | \n 0 | \n (297) | \n (43) | \n (500) | \n (149) | \n (989) | \n
\n \n | Balance at 31 December 2023 | \n 9,009 | \n 628 | \n 528 | \n 390 | \n 383 | \n 10,949 | \n
\n \n
\n
\n The increase in personnel-related provisions \u00a0 to kEUR 1,016 (2023: kEUR 538) mainly results \u00a0from newly recognised management bonus \u00a0provisions, including kEUR 390 for performance- \u00a0based entitlements. \u00a0\n
\n The decrease in total provisions re\ufb02ects the \u00a0 utilisation and reversal of previously recognised \u00a0items, particularly in the categories\u00a0of \u00a0outstanding invoices and legal disputes. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43448_2024": {
"value": "\n \n 18. PROVISIONS \u00a0\n
\n \n As at 31 December 2024, total provisions\n \u00a0 amounted to kEUR 9,440 (2023: kEUR 10,949). \u00a0The\n composition is presented below. \u00a0\n
\n \n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000)\n | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Provision for\n outstanding supplier invoices | \n 6,308 | \n 8,009 | \n
\n \n | Provision for\n outstanding other invoices | \n 0\n | \n 1,000\n | \n
\n \n | Tax provisions\n | \n 1,020 | \n 629 | \n
\n \n | Provisions with\n personnel | \n 1,016 | \n 538 | \n
\n \n | Provisions for legal\n disputes | \n 125 | \n 390 | \n
\n \n | Other provisions\n | \n 971 | \n 383 | \n
\n \n | Total Provisions\n | \n 9,440\n | \n 10,949\n | \n
\n \n
\n
\n The increase in personnel-related\n provisions \u00a0 to\n kEUR 1,016 as of 31 December 2024 (2023: \u00a0kEUR 538) mainly results from the increase \u00a0in provisions for management bonuses. \u00a0\n
\n \n \n Movement of provisions during the year ended \u00a0 31 December 2024 is as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Provision | \n | \n | \n | \n | \n | \n | \n
\n \n | \n for out- | \n Provision | \n | \n Other | \n | \n | \n | \n
\n \n | \n standing | \n for outstan- | \n | \n provisions | \n Provisions | \n | \n | \n
\n \n | \n supplier | \n ding other | \n Tax | \n with | \n for legal | \n Other | \n | \n
\n \n | (IN EUR 1,000) | \n invoices | \n invoices | \n provisions | \n personnel | \n disputes | \n provisions | \n Total | \n
\n \n | As at 31 December 2023 | \n 8,009 | \n 1,000 | \n 628 | \n 538 | \n 390 | \n 383 | \n 10,948 | \n
\n \n | Charges | \n 5,999 | \n 0 | \n 1,020 | \n 1,212 | \n 125 | \n 850 | \n 9,206 | \n
\n \n | Reversals | \n 0 | \n 0 | \n 0 | \n (372) | \n (260) | \n (281) | \n (913) | \n
\n \n | Use | \n (7,700) | \n (1,000) | \n (628) | \n (451) | \n (130) | \n (196) | \n (10,105) | \n
\n \n | Change in consolidation scope | \n 0 | \n 0 | \n 0 | \n 0 | \n 0 | \n (43) | \n (43) | \n
\n \n | other changes | \n 0 | \n 0 | \n 0 | \n 89 | \n 0 | \n 258 | \n 347 | \n
\n \n | Balance at 31 December 2024 | \n 6,308 | \n 0 | \n 1,020 | \n 1,016 | \n 125 | \n 971 | \n 9,440 | \n
\n \n
\n
\n Movements in provisions during the year ended \u00a0 31 December 2023 were as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n | \n Provision | \n | \n | \n Other | \n | \n | \n
\n \n | \n for | \n | \n | \n provisions | \n | \n | \n
\n \n | \n outstanding | \n | \n Other provisions | \n for legal | \n Other | \n | \n
\n \n | (IN EUR 1,000) | \n invoices | \n Tax provisions | \n with personnel | \n disputes | \n provisions | \n Total | \n
\n \n | As at 31 December 2022 | \n 0 | \n 297 | \n 43 | \n 690 | \n 149 | \n 1,179 | \n
\n \n | Charges | \n 9,009 | \n 628 | \n 638 | \n 225 | \n 383 | \n 10,784 | \n
\n \n | Reversals | \n 0 | \n 0 | \n 0 | \n (25) | \n 0 | \n (25) | \n
\n \n | Use | \n 0 | \n (297) | \n (43) | \n (500) | \n (149) | \n (989) | \n
\n \n | Balance at 31 December 2023 | \n 9,009 | \n 628 | \n 528 | \n 390 | \n 383 | \n 10,949 | \n
\n \n
\n
\n The increase in personnel-related provisions \u00a0 to kEUR 1,016 (2023: kEUR 538) mainly results \u00a0from newly recognised management bonus \u00a0provisions, including kEUR 390 for performance- \u00a0based entitlements. \u00a0\n
\n The decrease in total provisions re\ufb02ects the \u00a0 utilisation and reversal of previously recognised \u00a0items, particularly in the categories\u00a0of \u00a0outstanding invoices and legal disputes. \u00a0\n
\n There are no contingent liabilities towards \u00a0 related parties as of 2024 and 2023. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43381_2024": {
"value": "\n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000)\n | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Provision for\n outstanding supplier invoices | \n 6,308 | \n 8,009 | \n
\n \n | Provision for\n outstanding other invoices | \n 0\n | \n 1,000\n | \n
\n \n | Tax provisions\n | \n 1,020 | \n 629 | \n
\n \n | Provisions with\n personnel | \n 1,016 | \n 538 | \n
\n \n | Provisions for legal\n disputes | \n 125 | \n 390 | \n
\n \n | Other provisions\n | \n 971 | \n 383 | \n
\n \n | Total Provisions\n | \n 9,440\n | \n 10,949\n | \n
\n \n
\n
\n The increase in personnel-related\n provisions \u00a0 to\n kEUR 1,016 as of 31 December 2024 (2023: \u00a0kEUR 538) mainly results from the increase \u00a0in provisions for management bonuses. \u00a0\n
\n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n Provision | \n | \n | \n | \n | \n | \n | \n
\n \n | \n for out- | \n Provision | \n | \n Other | \n | \n | \n | \n
\n \n | \n standing | \n for outstan- | \n | \n provisions | \n Provisions | \n | \n | \n
\n \n | \n supplier | \n ding other | \n Tax | \n with | \n for legal | \n Other | \n | \n
\n \n | (IN EUR 1,000) | \n invoices | \n invoices | \n provisions | \n personnel | \n disputes | \n provisions | \n Total | \n
\n \n | As at 31 December 2023 | \n 8,009 | \n 1,000 | \n 628 | \n 538 | \n 390 | \n 383 | \n 10,948 | \n
\n \n | Charges | \n 5,999 | \n 0 | \n 1,020 | \n 1,212 | \n 125 | \n 850 | \n 9,206 | \n
\n \n | Reversals | \n 0 | \n 0 | \n 0 | \n (372) | \n (260) | \n (281) | \n (913) | \n
\n \n | Use | \n (7,700) | \n (1,000) | \n (628) | \n (451) | \n (130) | \n (196) | \n (10,105) | \n
\n \n | Change in consolidation scope | \n 0 | \n 0 | \n 0 | \n 0 | \n 0 | \n (43) | \n (43) | \n
\n \n | other changes | \n 0 | \n 0 | \n 0 | \n 89 | \n 0 | \n 258 | \n 347 | \n
\n \n | Balance at 31 December 2024 | \n 6,308 | \n 0 | \n 1,020 | \n 1,016 | \n 125 | \n 971 | \n 9,440 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n | \n Provision | \n | \n | \n Other | \n | \n | \n
\n \n | \n for | \n | \n | \n provisions | \n | \n | \n
\n \n | \n outstanding | \n | \n Other provisions | \n for legal | \n Other | \n | \n
\n \n | (IN EUR 1,000) | \n invoices | \n Tax provisions | \n with personnel | \n disputes | \n provisions | \n Total | \n
\n \n | As at 31 December 2022 | \n 0 | \n 297 | \n 43 | \n 690 | \n 149 | \n 1,179 | \n
\n \n | Charges | \n 9,009 | \n 628 | \n 638 | \n 225 | \n 383 | \n 10,784 | \n
\n \n | Reversals | \n 0 | \n 0 | \n 0 | \n (25) | \n 0 | \n (25) | \n
\n \n | Use | \n 0 | \n (297) | \n (43) | \n (500) | \n (149) | \n (989) | \n
\n \n | Balance at 31 December 2023 | \n 9,009 | \n 628 | \n 528 | \n 390 | \n 383 | \n 10,949 | \n
\n \n
\n
\n The increase in personnel-related provisions \u00a0 to kEUR 1,016 (2023: kEUR 538) mainly results \u00a0from newly recognised management bonus \u00a0provisions, including kEUR 390 for performance- \u00a0based entitlements. \u00a0\n
\n 26. EMPLOYEE\u00a0BENEFITS \u00a0\n
\n EXPENSES \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Wages and salaries | \n 10,256 | \n 6,679 | \n
\n \n | Other social charges and taxes | \n 1,909 | \n 1,155 | \n
\n \n | Stock Option Program 2024 | \n (27) | \n 316 | \n
\n \n | Other employee welfareexpenses | \n 56 | \n 9 | \n
\n \n | Personnel costs for projects | \n (3,248) | \n (1,270) | \n
\n \n | Total personnel costs | \n 8,946 | \n 6,889 | \n
\n \n
\n
\n Personnel expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 8,946 \u00a0(2023: kEUR 6,889) and include wages and \u00a0salaries, social security contributions, and \u00a0other employee-related expenses. The negative \u00a0amount of kEUR 27 in relation to the Stock \u00a0Option Program 2024 re\ufb02ects a reversal of \u00a0previously recognised expenses. \u00a0\n
\n Personnel expenses also include capitalised \u00a0 staff costs related to internal project \u00a0development in the amount of kEUR 3,248 \u00a0(2023: kEUR 1,270). \u00a0\n
\n The average number of employees of the Group \u00a0for the year ended 31 December 2024 was 113 \u00a0(2023: 81). \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43371_2024": {
"value": "\n 20. CONTRACT\u00a0LIABILITIES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Contract liabilities | \n 233 | \n 1,284 | \n
\n \n | Total | \n 233 | \n 1,284 | \n
\n \n
\n
\n Contract liabilities arise primarily from advance \u00a0 payments made by customers for product deliver- \u00a0ies and are predominantly recognized as revenue \u00a0within one year. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43399_2024": {
"value": "\n 21. FINANCIAL\u00a0RISK \u00a0\n
\n MANAGEMENT \u00a0\n
\n FINANCIAL RISK FACTORS \u00a0\n
\n MARKET RISK \u00a0\n
\n As part of the \ufb01nancing of its projects and \u00a0 business streams, H2APEX uses a leverage effectto limit its equity capital contribution. If a project \u00a0company, or its holding company, were to fail to \u00a0meet its payment obligations under its \ufb01nancing \u00a0agreements or fail to comply with certain \u00a0minimum debt service coverage ratios, such \u00a0default could render the project debt immediatelydue. In the absence of a waiver or a restructuring \u00a0agreement on the part of the lenders, the lenders \u00a0may be entitled to seize the assets or securities \u00a0pledged as collateral (including H2APEX\u2019s \u00a0interest in the subsidiary that holds the facility). \u00a0H2APEX\u2019s business and growth plan require \u00a0signi\ufb01cant \ufb01nancing and re\ufb01nancing through \u00a0the use of equity and external debt. H2APEX will \u00a0have to invest signi\ufb01cantly in connection with the \u00a0awarded contracts. The ability to raise additional \u00a0funds will depend on \ufb01nancial and economic \u00a0conditions, as well as other factors, which may bebeyond H2APEX\u2019s control. \u00a0\n
\n Cash requirements have so far been assured \u00a0 through tools such as shareholder loans and \u00a0guarantees, bank borrowing, capital increases, \u00a0issuance of bonds and conditional grants, \u00a0and advances. With regard to short-term debt \u00a0\ufb01nancing, H2APEX is exposed to the risk of \u00a0changes in interest rates in the event of a renewedshort-term and long-term \ufb01nancing, which could \u00a0increase its \ufb01nancing cost and, under certain \u00a0circumstances, lead to a reduction of its return \u00a0on capital. It cannot be ruled out that credit \u00a0institutions may in general limit their willingness \u00a0to grant H2APEX such short-term \ufb01nancing due \u00a0to several different developments. \u00a0\n
\n Furthermore, equity raisings by H2APEX, such as \u00a0 the issue of new shares to shareholders and new \u00a0investors may not be successful or feasible on \u00a0favorable terms. \u00a0\n
\n Lack of ability to obtain suf\ufb01cient funding in \u00a0 the future could have a material adverse effect \u00a0on H2APEX\u2019s growth opportunities, business \u00a0and \ufb01nancial condition and could, in the future, \u00a0result in insolvency or liquidation of H2APEX. \u00a0In the EU, and particularly in Germany, several \u00a0projects support the decarbonization through \u00a0green hydrogen. In Germany, for example, green \u00a0hydrogen \ufb02agship projects are supported with a \u00a0EUR 700 million funding volume, being the largest \u00a0funding initiative ever provided by the German \u00a0Federal Ministry of Education and Research \u00a0(Source: BMBF, National Projects). On EU level, \u00a0important projects of common European interest \u00a0(\u201cIPCEI\u201c) are promoted, including several green \u00a0hydrogen projects. In the context of the hydrogen \u00a0hub \u201cdoing hydrogen\u201d, an initiative which seeks to \u00a0connect different hydrogen projects throughout \u00a0Germany to form a hub linking production, \u00a0transport, storage and consumption of hydrogen, \u00a0H2APEX has been granted for IPCEI funding in an \u00a0amount of EUR 166 million. H2APEX competitors \u00a0could also bene\ufb01t from public funding. This \u00a0could dilute the H2APEX competitive position, \u00a0business, and prospects.As H2APEX has granted \u00a0public funding, such funding may be signi\ufb01cantly \u00a0delayed and, as a result, H2APEX may have to \u00a0bear signi\ufb01cant costs when they occur before \u00a0receiving any public funds. Further, the granting \u00a0of public funding may be conditional and require \u00a0compliance with certain obligations, and it may \u00a0also restrict H2APEX in the use of funds. In case \u00a0H2APEX does not comply with such conditions, it \u00a0may have to return granted fundings, in part or in \u00a0whole. \u00a0\n
\n .\n
\n In the past, H2APEX has received subsidies in \u00a0 the form of funding for personnel expenses for \u00a0the development of a chemical hydrogen storage \u00a0solution and has applied for further public funds. \u00a0Applications are reviewed on a case-by-case \u00a0basis by the authorities to determine the feasibilityof the underlying project. Aids or grants are the \u00a0subject of a contract between H2APEX\u00a0and the \u00a0public entity and are systematically subject to \u00a0objective criteria, such as the relevance of the \u00a0project throughout the contract concluded or \u00a0compliance with certain elements of pro\ufb01tability. \u00a0If H2APEX were to accept a refusal in its request \u00a0for aid, this could also call into question the \u00a0viability of a project and lead to its abandonment. \u00a0\n
\n Moreover, existing public policies could be \u00a0 changed or even reversed, due to a law or a regu- \u00a0latory or administrative regulation which seeks \u00a0to favor certain traditional sources of energy or \u00a0alternative renewable energy sources or because \u00a0of budget constraints entailing a reduction in pub-lic funds available for the implementation of such \u00a0policies which support decarbonized solutions, \u00a0including green hydrogen \u00a0\n
\n In addition, the Group is exposed to macroeco- \u00a0 nomic risks and price volatility, particularly in \u00a0the context of increasing costs for key materi- \u00a0als, construction services, and energy-related \u00a0components required for the development of \u00a0hydrogen infrastructure. These risks are further \u00a0intensi\ufb01ed by ongoing geopolitical uncertainties \u00a0and potential changes to regulatory frameworks \u00a0or public funding policies. To manage these risks, \u00a0the Group applies proactive procurement strate- \u00a0gies, regularly reassesses project economics, and \u00a0maintains close dialogue with suppliers and fund- \u00a0ing bodies to ensure \ufb02exibility and cost control. \u00a0\n
\n CREDIT RISK \u00a0\n
\n Credit risks exist regarding \ufb01nancial institutions \u00a0 and customers. The credit risk with respect to \u00a0\ufb01nancial institutions predominantly arises from \u00a0liquid funds. In order to minimize a possible risk of \u00a0default, \ufb01nancial instruments are mainly entered \u00a0into with counterparties with prime credit ratings. \u00a0\n
\n The credit risk with respect to customers consists \u00a0 of granting terms of credit and the associated risk \u00a0of default. Credit risk is managed on a group- \u00a0wide basis. Credit risks arise from cash and cash \u00a0equivalents, and deposits with banks and \ufb01nancial \u00a0institutions. Credit exposures to customers, \u00a0including outstanding receivables and committed \u00a0transactions, are managed by the individual group \u00a0companies. The monitoring of the credit risks is \u00a0supported by an internal monthly reporting. \u00a0\n
\n To manage credit risk, the Group applies \u00a0 standardized credit assessment procedures, \u00a0sets internal exposure limits, and regularly \u00a0reviews the creditworthiness of counterparties. \u00a0Risk concentrations are continuously monitored \u00a0and mitigated through diversi\ufb01cation of \u00a0counterparties, geographic regions, and \u00a0industries. In addition, insurance instruments \u00a0and collateral arrangements are used where \u00a0appropriate. \u00a0\n
\n The tables below show the ageing analysis of \u00a0 \ufb01nancial assets as at 31 December 2024: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n More than 3 | \n | \n | \n | \n
\n \n | \n | \n months and | \n Between 6 | \n | \n | \n
\n \n | 31/12/2024 | \n Less than 3 | \n less than 6 | \n months and | \n More than 1 | \n | \n
\n \n | (IN EUR 1,000) | \n months | \n months | \n less than 1 year | \n year | \n Total | \n
\n \n | Trade and other receivables | \n 2,213 | \n 0 | \n 0 | \n 0 | \n 2,213 | \n
\n \n | Contract assets | \n 17.409 | \n 0 | \n 0 | \n 0 | \n 17.409 | \n
\n \n | Other current \ufb01nancial assets | \n 575 | \n 0 | \n 0 | \n 0 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 16,074 | \n 0 | \n 0 | \n 0 | \n 16,074 | \n
\n \n | Total assets | \n 36.271 | \n 0 | \n 0 | \n 0 | \n 36.271 | \n
\n \n
\n
\n Trade and other receivables consist of about \u00a0 20 debtors, while the biggest debtor amounts to \u00a0kEUR 703. \u00a0\n
\n The tables below show the ageing analysis of \u00a0 \ufb01nancial assets as at 31 December 2023: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n More than 3 | \n | \n | \n | \n
\n \n | \n | \n months and | \n Between 6 | \n | \n | \n
\n \n | 31/12/2023 | \n Less than 3 | \n less than 6 | \n months and | \n More than 1 | \n | \n
\n \n | (IN EUR 1,000) | \n months | \n months | \n less than 1 year | \n year | \n Total | \n
\n \n | Trade and other receivables | \n 838 | \n 3,830 | \n 972 | \n 0 | \n 5,640 | \n
\n \n | Other current \ufb01nancial assets | \n 554 | \n 0 | \n 0 | \n 0 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 44,466 | \n 0 | \n 0 | \n 0 | \n 44,466 | \n
\n \n | Total assets | \n 45,858 | \n 3,830 | \n 972 | \n 0 | \n 50,660 | \n
\n \n
\n
\n LIQUIDITY RISK \u00a0\n
\n Liquidity risk arises from the Group\u2019s manage- \u00a0 ment of working capital and the \ufb01nance charges \u00a0and principal repayments on its debt instru- \u00a0ments. It represents the risk that the group will \u00a0encounter dif\ufb01cultly in meeting its \ufb01nancial \u00a0obligation as they are fall due. The monitoring \u00a0of the Liquidity risks is supported by an internal \u00a0monthly reporting. \u00a0\n
\n The table below provides a maturity of the Group\u2019s \u00a0 non-derivative third party \ufb01nancial liabilities as \u00a0at 31 December 2024 and 2023. The amounts \u00a0disclosed in the table are the contracted undis- \u00a0counted cash \ufb02ows. \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | 31/12/2024 | \n | \n Between 1 to 5 | \n | \n | \n
\n \n | (IN EUR 1,000) | \n Less than 1 year | \n years | \n Over 5 years | \n Total | \n
\n \n | Debt with credit institutions | \n 113 | \n 0 | \n 0 | \n 113 | \n
\n \n | Trade and other payables | \n 12,906 | \n 0 | \n 0 | \n 12,906 | \n
\n \n | Shareholder loans | \n 3,008 | \n 7,500 | \n 26,301 | \n 36,809 | \n
\n \n | Total liabilities | \n 16,027 | \n 7,500 | \n 26,301 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n | 31/12/2023 | \n | \n Between 1 to 5 | \n | \n | \n
\n \n | (IN EUR 1,000) | \n Less than 1 year | \n years | \n Over 5 years | \n Total | \n
\n \n | Debt with credit institutions | \n 163 | \n 0 | \n 0 | \n 163 | \n
\n \n | Trade and other payables | \n 5,176 | \n 0 | \n 0 | \n 5,176 | \n
\n \n | Contract liabilities | \n 1.284 | \n 0 | \n 0 | \n 1.284 | \n
\n \n | Trade and other liabilities | \n 1.481 | \n 0 | \n 0 | \n 1.481 | \n
\n \n | Other \ufb01nancial liabilities | \n 10,448 | \n 7,500 | \n 25,609 | \n 43,557 | \n
\n \n | Total liabilities | \n 18.552 | \n 7,500 | \n 25,609 | \n 51.661 | \n
\n \n
\n
\n The Board of Managers of the General Partner \u00a0 assesses and monitors cash \ufb02ows of the Group \u00a0to ensure the Group has suf\ufb01cient cash\u00a0on \u00a0demand to meet expected normal operational \u00a0expenses, including the servicing of \ufb01nancial \u00a0obligations. \u00a0\n
\n Interest rate risk \u00a0\n
\n The group currently has no interest rate risk. The \u00a0 debt owed to credit institution was fully paid in \u00a0February 2024. Currently all the borrowing are \u00a0agreed at \ufb01xed interest rate over the entire term. \u00a0In general, interest rate risk could arising from \u00a0if future long term borrowings interests would \u00a0\ufb02uctuate because of changes in market interest \u00a0rates. \u00a0\n
\n Foreign exchange risk \u00a0\n
\n The Group companies operate mostly in Euro \u00a0 (EUR). In general, foreign currencies are only \u00a0kept if future payments are expected to be made \u00a0in a particular currency. The Group is exposed to \u00a0foreign exchange risks especially with regards to \u00a0CHF/EUR and USD/EUR based on bank deposits \u00a0or intercompany loans in foreign currency. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43432_2024": {
"value": "\n MARKET RISK \u00a0\n
\n As part of the \ufb01nancing of its projects and \u00a0 business streams, H2APEX uses a leverage effectto limit its equity capital contribution. If a project \u00a0company, or its holding company, were to fail to \u00a0meet its payment obligations under its \ufb01nancing \u00a0agreements or fail to comply with certain \u00a0minimum debt service coverage ratios, such \u00a0default could render the project debt immediatelydue. In the absence of a waiver or a restructuring \u00a0agreement on the part of the lenders, the lenders \u00a0may be entitled to seize the assets or securities \u00a0pledged as collateral (including H2APEX\u2019s \u00a0interest in the subsidiary that holds the facility). \u00a0H2APEX\u2019s business and growth plan require \u00a0signi\ufb01cant \ufb01nancing and re\ufb01nancing through \u00a0the use of equity and external debt. H2APEX will \u00a0have to invest signi\ufb01cantly in connection with the \u00a0awarded contracts. The ability to raise additional \u00a0funds will depend on \ufb01nancial and economic \u00a0conditions, as well as other factors, which may bebeyond H2APEX\u2019s control. \u00a0\n
\n Cash requirements have so far been assured \u00a0 through tools such as shareholder loans and \u00a0guarantees, bank borrowing, capital increases, \u00a0issuance of bonds and conditional grants, \u00a0and advances. With regard to short-term debt \u00a0\ufb01nancing, H2APEX is exposed to the risk of \u00a0changes in interest rates in the event of a renewedshort-term and long-term \ufb01nancing, which could \u00a0increase its \ufb01nancing cost and, under certain \u00a0circumstances, lead to a reduction of its return \u00a0on capital. It cannot be ruled out that credit \u00a0institutions may in general limit their willingness \u00a0to grant H2APEX such short-term \ufb01nancing due \u00a0to several different developments. \u00a0\n
\n Furthermore, equity raisings by H2APEX, such as \u00a0 the issue of new shares to shareholders and new \u00a0investors may not be successful or feasible on \u00a0favorable terms. \u00a0\n
\n Lack of ability to obtain suf\ufb01cient funding in \u00a0 the future could have a material adverse effect \u00a0on H2APEX\u2019s growth opportunities, business \u00a0and \ufb01nancial condition and could, in the future, \u00a0result in insolvency or liquidation of H2APEX. \u00a0In the EU, and particularly in Germany, several \u00a0projects support the decarbonization through \u00a0green hydrogen. In Germany, for example, green \u00a0hydrogen \ufb02agship projects are supported with a \u00a0EUR 700 million funding volume, being the largest \u00a0funding initiative ever provided by the German \u00a0Federal Ministry of Education and Research \u00a0(Source: BMBF, National Projects). On EU level, \u00a0important projects of common European interest \u00a0(\u201cIPCEI\u201c) are promoted, including several green \u00a0hydrogen projects. In the context of the hydrogen \u00a0hub \u201cdoing hydrogen\u201d, an initiative which seeks to \u00a0connect different hydrogen projects throughout \u00a0Germany to form a hub linking production, \u00a0transport, storage and consumption of hydrogen, \u00a0H2APEX has been granted for IPCEI funding in an \u00a0amount of EUR 166 million. H2APEX competitors \u00a0could also bene\ufb01t from public funding. This \u00a0could dilute the H2APEX competitive position, \u00a0business, and prospects.As H2APEX has granted \u00a0public funding, such funding may be signi\ufb01cantly \u00a0delayed and, as a result, H2APEX may have to \u00a0bear signi\ufb01cant costs when they occur before \u00a0receiving any public funds. Further, the granting \u00a0of public funding may be conditional and require \u00a0compliance with certain obligations, and it may \u00a0also restrict H2APEX in the use of funds. In case \u00a0H2APEX does not comply with such conditions, it \u00a0may have to return granted fundings, in part or in \u00a0whole. \u00a0\n
\n In the past, H2APEX has received subsidies in \u00a0 the form of funding for personnel expenses for \u00a0the development of a chemical hydrogen storage \u00a0solution and has applied for further public funds. \u00a0Applications are reviewed on a case-by-case \u00a0basis by the authorities to determine the feasibilityof the underlying project. Aids or grants are the \u00a0subject of a contract between H2APEX\u00a0and the \u00a0public entity and are systematically subject to \u00a0objective criteria, such as the relevance of the \u00a0project throughout the contract concluded or \u00a0compliance with certain elements of pro\ufb01tability. \u00a0If H2APEX were to accept a refusal in its request \u00a0for aid, this could also call into question the \u00a0viability of a project and lead to its abandonment. \u00a0\n
\n Moreover, existing public policies could be \u00a0 changed or even reversed, due to a law or a regu- \u00a0latory or administrative regulation which seeks \u00a0to favor certain traditional sources of energy or \u00a0alternative renewable energy sources or because \u00a0of budget constraints entailing a reduction in pub-lic funds available for the implementation of such \u00a0policies which support decarbonized solutions, \u00a0including green hydrogen \u00a0\n
\n In addition, the Group is exposed to macroeco- \u00a0 nomic risks and price volatility, particularly in \u00a0the context of increasing costs for key materi- \u00a0als, construction services, and energy-related \u00a0components required for the development of \u00a0hydrogen infrastructure. These risks are further \u00a0intensi\ufb01ed by ongoing geopolitical uncertainties \u00a0and potential changes to regulatory frameworks \u00a0or public funding policies. To manage these risks, \u00a0the Group applies proactive procurement strate- \u00a0gies, regularly reassesses project economics, and \u00a0maintains close dialogue with suppliers and fund- \u00a0ing bodies to ensure \ufb02exibility and cost control. \u00a0\n
\n Interest rate risk \u00a0\n
\n The group currently has no interest rate risk. The \u00a0 debt owed to credit institution was fully paid in \u00a0February 2024. Currently all the borrowing are \u00a0agreed at \ufb01xed interest rate over the entire term. \u00a0In general, interest rate risk could arising from \u00a0if future long term borrowings interests would \u00a0\ufb02uctuate because of changes in market interest \u00a0rates. \u00a0\n
\n Foreign exchange risk \u00a0\n
\n The Group companies operate mostly in Euro \u00a0 (EUR). In general, foreign currencies are only \u00a0kept if future payments are expected to be made \u00a0in a particular currency. The Group is exposed to \u00a0foreign exchange risks especially with regards to \u00a0CHF/EUR and USD/EUR based on bank deposits \u00a0or intercompany loans in foreign currency. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43368_2024": {
"value": "\n CREDIT RISK \u00a0\n
\n Credit risks exist regarding \ufb01nancial institutions \u00a0 and customers. The credit risk with respect to \u00a0\ufb01nancial institutions predominantly arises from \u00a0liquid funds. In order to minimize a possible risk of \u00a0default, \ufb01nancial instruments are mainly entered \u00a0into with counterparties with prime credit ratings. \u00a0\n
\n The credit risk with respect to customers consists \u00a0 of granting terms of credit and the associated risk \u00a0of default. Credit risk is managed on a group- \u00a0wide basis. Credit risks arise from cash and cash \u00a0equivalents, and deposits with banks and \ufb01nancial \u00a0institutions. Credit exposures to customers, \u00a0including outstanding receivables and committed \u00a0transactions, are managed by the individual group \u00a0companies. The monitoring of the credit risks is \u00a0supported by an internal monthly reporting. \u00a0\n
\n To manage credit risk, the Group applies \u00a0 standardized credit assessment procedures, \u00a0sets internal exposure limits, and regularly \u00a0reviews the creditworthiness of counterparties. \u00a0Risk concentrations are continuously monitored \u00a0and mitigated through diversi\ufb01cation of \u00a0counterparties, geographic regions, and \u00a0industries. In addition, insurance instruments \u00a0and collateral arrangements are used where \u00a0appropriate. \u00a0\n
\n The tables below show the ageing analysis of \u00a0 \ufb01nancial assets as at 31 December 2024: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n More than 3 | \n | \n | \n | \n
\n \n | \n | \n months and | \n Between 6 | \n | \n | \n
\n \n | 31/12/2024 | \n Less than 3 | \n less than 6 | \n months and | \n More than 1 | \n | \n
\n \n | (IN EUR 1,000) | \n months | \n months | \n less than 1 year | \n year | \n Total | \n
\n \n | Trade and other receivables | \n 2,213 | \n 0 | \n 0 | \n 0 | \n 2,213 | \n
\n \n | Contract assets | \n 17.409 | \n 0 | \n 0 | \n 0 | \n 17.409 | \n
\n \n | Other current \ufb01nancial assets | \n 575 | \n 0 | \n 0 | \n 0 | \n 575 | \n
\n \n | Cash and cash equivalents | \n 16,074 | \n 0 | \n 0 | \n 0 | \n 16,074 | \n
\n \n | Total assets | \n 36.271 | \n 0 | \n 0 | \n 0 | \n 36.271 | \n
\n \n
\n
\n Trade and other receivables consist of about \u00a0 20 debtors, while the biggest debtor amounts to \u00a0kEUR 703. \u00a0\n
\n The tables below show the ageing analysis of \u00a0 \ufb01nancial assets as at 31 December 2023: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n More than 3 | \n | \n | \n | \n
\n \n | \n | \n months and | \n Between 6 | \n | \n | \n
\n \n | 31/12/2023 | \n Less than 3 | \n less than 6 | \n months and | \n More than 1 | \n | \n
\n \n | (IN EUR 1,000) | \n months | \n months | \n less than 1 year | \n year | \n Total | \n
\n \n | Trade and other receivables | \n 838 | \n 3,830 | \n 972 | \n 0 | \n 5,640 | \n
\n \n | Other current \ufb01nancial assets | \n 554 | \n 0 | \n 0 | \n 0 | \n 554 | \n
\n \n | Cash and cash equivalents | \n 44,466 | \n 0 | \n 0 | \n 0 | \n 44,466 | \n
\n \n | Total assets | \n 45,858 | \n 3,830 | \n 972 | \n 0 | \n 50,660 | \n
\n \n
\n
\n LIQUIDITY RISK \u00a0\n
\n Liquidity risk arises from the Group\u2019s manage- \u00a0 ment of working capital and the \ufb01nance charges \u00a0and principal repayments on its debt instru- \u00a0ments. It represents the risk that the group will \u00a0encounter dif\ufb01cultly in meeting its \ufb01nancial \u00a0obligation as they are fall due. The monitoring \u00a0of the Liquidity risks is supported by an internal \u00a0monthly reporting. \u00a0\n
\n The table below provides a maturity of the Group\u2019s \u00a0 non-derivative third party \ufb01nancial liabilities as \u00a0at 31 December 2024 and 2023. The amounts \u00a0disclosed in the table are the contracted undis- \u00a0counted cash \ufb02ows. \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | 31/12/2024 | \n | \n Between 1 to 5 | \n | \n | \n
\n \n | (IN EUR 1,000) | \n Less than 1 year | \n years | \n Over 5 years | \n Total | \n
\n \n | Debt with credit institutions | \n 113 | \n 0 | \n 0 | \n 113 | \n
\n \n | Trade and other payables | \n 12,906 | \n 0 | \n 0 | \n 12,906 | \n
\n \n | Shareholder loans | \n 3,008 | \n 7,500 | \n 26,301 | \n 36,809 | \n
\n \n | Total liabilities | \n 16,027 | \n 7,500 | \n 26,301 | \n 49,828 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n | 31/12/2023 | \n | \n Between 1 to 5 | \n | \n | \n
\n \n | (IN EUR 1,000) | \n Less than 1 year | \n years | \n Over 5 years | \n Total | \n
\n \n | Debt with credit institutions | \n 163 | \n 0 | \n 0 | \n 163 | \n
\n \n | Trade and other payables | \n 5,176 | \n 0 | \n 0 | \n 5,176 | \n
\n \n | Contract liabilities | \n 1.284 | \n 0 | \n 0 | \n 1.284 | \n
\n \n | Trade and other liabilities | \n 1.481 | \n 0 | \n 0 | \n 1.481 | \n
\n \n | Other \ufb01nancial liabilities | \n 10,448 | \n 7,500 | \n 25,609 | \n 43,557 | \n
\n \n | Total liabilities | \n 18.552 | \n 7,500 | \n 25,609 | \n 51.661 | \n
\n \n
\n
\n The Board of Managers of the General Partner \u00a0 assesses and monitors cash \ufb02ows of the Group \u00a0to ensure the Group has suf\ufb01cient cash\u00a0on \u00a0demand to meet expected normal operational \u00a0expenses, including the servicing of \ufb01nancial \u00a0obligations. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43365_2024": {
"value": "\n 22. OTHER\u00a0FINANCIAL \u00a0\n
\n OBLIGATIONS/COMMITMENTS \u00a0\n
\n AND CONTINGENCIES \u00a0\n
\n LETTER OF GUARANTEE \u00a0\n
\n In connection with the sale of its former \u00a0 subsidiary exceet Secure Solutions GmbH in \u00a02021, the Company issued an independent \u00a0guarantee to the purchaser. Under the terms of \u00a0the share purchase agreement, the Company \u00a0guarantees the ful\ufb01lment of all payment claims \u00a0the purchaser may assert against the seller \u00a0(exceet Group AG, an indirect subsidiary at \u00a0the time of sale), up to a maximum amount of \u00a0EUR 4,912,409, in cases where the seller fails to \u00a0settle such claims were due. \u00a0\n
\n The guarantee remains valid for a period of \u00a0 seven years following the closing date of the \u00a0transaction, which was 30 April 2021, and will \u00a0therefore expire on 30 April 2028. \u00a0\n
\n In addition to the letter of guarantee described \u00a0 above, the Group has entered into several non- \u00a0cancellable rental and lease agreements for \u00a0of\ufb01ce premises and technical equipment. These \u00a0contracts typically have terms ranging from 3 to \u00a015 years and result in \ufb01xed payment obligations \u00a0over the duration of the agreements. A detailed \u00a0overview of lease liabilities is presented in \u00a0Note 7 (IFRS 16 Disclosures). \u00a0\n
\n There are no contingent liabilities towards \u00a0 related parties as of 2024 and 2023. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43364_2024": {
"value": "\n 22. OTHER\u00a0FINANCIAL \u00a0\n
\n OBLIGATIONS/COMMITMENTS \u00a0\n
\n AND CONTINGENCIES \u00a0\n
\n LETTER OF GUARANTEE \u00a0\n
\n In connection with the sale of its former \u00a0 subsidiary exceet Secure Solutions GmbH in \u00a02021, the Company issued an independent \u00a0guarantee to the purchaser. Under the terms of \u00a0the share purchase agreement, the Company \u00a0guarantees the ful\ufb01lment of all payment claims \u00a0the purchaser may assert against the seller \u00a0(exceet Group AG, an indirect subsidiary at \u00a0the time of sale), up to a maximum amount of \u00a0EUR 4,912,409, in cases where the seller fails to \u00a0settle such claims were due. \u00a0\n
\n The guarantee remains valid for a period of \u00a0 seven years following the closing date of the \u00a0transaction, which was 30 April 2021, and will \u00a0therefore expire on 30 April 2028. \u00a0\n
\n In addition to the letter of guarantee described \u00a0 above, the Group has entered into several non- \u00a0cancellable rental and lease agreements for \u00a0of\ufb01ce premises and technical equipment. These \u00a0contracts typically have terms ranging from 3 to \u00a015 years and result in \ufb01xed payment obligations \u00a0over the duration of the agreements. A detailed \u00a0overview of lease liabilities is presented in \u00a0Note 7 (IFRS 16 Disclosures). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43441_2024": {
"value": "\n 23. OTHER\u00a0CURRENT \u00a0\n
\n LIABILITIES \u00a0\n
\n As at 31 December 2024, other current liabili- \u00a0 ties amounted to kEUR 671 (2023: kEUR 1,481). \u00a0These include: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Tax liabilities other than income taxes | \n 3 | \n 897 | \n
\n \n | Deposits received | \n 388 | \n 384 | \n
\n \n | Social security, wages and salaries | \n 256 | \n 168 | \n
\n \n | Other liabilities | \n 24 | \n 32 | \n
\n \n | Total other current liabilities | \n 671 | \n 1,481 | \n
\n \n
\n
\n 23. OTHER\u00a0CURRENT \u00a0\n
\n LIABILITIES \u00a0\n
\n As at 31 December 2024, other current liabili- \u00a0 ties amounted to kEUR 671 (2023: kEUR 1,481). \u00a0These include: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Tax liabilities other than income taxes | \n 3 | \n 897 | \n
\n \n | Deposits received | \n 388 | \n 384 | \n
\n \n | Social security, wages and salaries | \n 256 | \n 168 | \n
\n \n | Other liabilities | \n 24 | \n 32 | \n
\n \n | Total other current liabilities | \n 671 | \n 1,481 | \n
\n \n
\n
\n 24. REVENUE \u00a0\n
\n \n Details of revenues by category of\n activity \u00a0 are as follows: \u00a0\n
\n \n
\n \n \n \n \n \n \n \n | (in EUR 1,000)\n | \n 2024 | \n 2023 | \n
\n \n | Revenue from project\n development - Over time | \n 28,903 | \n 14,819 | \n
\n \n | Revenue from own\n operations - Point of time | \n 663 | \n 478 | \n
\n \n | Total revenue\n | \n 29,566\n | \n 15,297 | \n
\n \n
\n
\n Revenue for the year ended 31 December\n 2024 \u00a0 amounted to kEUR 29,566 (2023: kEUR 15,297) \u00a0and was primarily generated from project\n de- \u00a0velopment activities, which are recognized over\n \u00a0time, and from operational revenues, recognized\n \u00a0at a point in time. \u00a0\n
\n \n The signi\ufb01cant increase in revenue\n from project \u00a0 development re\ufb02ects continued\n progress on \u00a0several ongoing projects, including\n new project \u00a0phases initiated in the reporting\n year \u00a0\n
\n \n In accordance with IFRS 15, the following\n table \u00a0 provides an overview of the contract assets\n \u00a0and contract liabilities arising from customer\n \u00a0contracts as at the respective reporting dates:\n \u00a0\n
\n \n
\n \n \n \n \n \n \n \n \n | CONTRACT BALANCES (in\n EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Trade receivables (Note\n 13) | \n 2,213\n | \n 5,641\n | \n
\n \n | Contract assets (Note\n 12) | \n 17,409\n | \n 5,941\n | \n
\n \n | Contract liabilities\n (Note20) | \n 233 | \n 1,284\n | \n
\n \n
\n
\n The amount of kEUR 1,284 included in\n contract \u00a0 liabilities as of 31 December 2023 has been \u00a0recognized as revenue in 2024 (2023: kEUR\n 0). \u00a0There is no revenue recognized in 2024 from\n \u00a0performance obligations satis\ufb01ed (or partially\n \u00a0satis\ufb01ed) in previous periods eg. due to changes \u00a0in the estimate of the stage of completion\n \u00a0(2023: kEUR 0). \u00a0\n
\n \n \n \n 25. COSTS\u00a0OF MATERIAL \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Material and external services | \n 24,673 | \n 12,410 | \n
\n \n | Personnel costs for projects | \n 3,285 | \n 1,270 | \n
\n \n | Other supplies | \n 596 | \n 3 | \n
\n \n | Other costs | \n 693 | \n 0 | \n
\n \n | Total material costs | \n 29,247 | \n 13,683 | \n
\n \n
\n
\n Total material costs for the year ended \u00a0 31 December 2024 amounted to kEUR 29,247 \u00a0(2023: kEUR 13,683). These primarily include \u00a0expenses for materials and external services, \u00a0personnel costs allocated to project work, other \u00a0supplies and project-related third-party costs. \u00a0\n
\n The signi\ufb01cant increase in material costs in \u00a0 2024 correlates with the overall development of \u00a0the Group\u2019s sales during the \ufb01nancial year. \u00a0\n
\n 26. EMPLOYEE\u00a0BENEFITS \u00a0\n
\n EXPENSES \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Wages and salaries | \n 10,256 | \n 6,679 | \n
\n \n | Other social charges and taxes | \n 1,909 | \n 1,155 | \n
\n \n | Stock Option Program 2024 | \n (27) | \n 316 | \n
\n \n | Other employee welfareexpenses | \n 56 | \n 9 | \n
\n \n | Personnel costs for projects | \n (3,248) | \n (1,270) | \n
\n \n | Total personnel costs | \n 8,946 | \n 6,889 | \n
\n \n
\n
\n Personnel expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 8,946 \u00a0(2023: kEUR 6,889) and include wages and \u00a0salaries, social security contributions, and \u00a0other employee-related expenses. The negative \u00a0amount of kEUR 27 in relation to the Stock \u00a0Option Program 2024 re\ufb02ects a reversal of \u00a0previously recognised expenses. \u00a0\n
\n Personnel expenses also include capitalised \u00a0 staff costs related to internal project \u00a0development in the amount of kEUR 3,248 \u00a0(2023: kEUR 1,270). \u00a0\n
\n The average number of employees of the Group \u00a0for the year ended 31 December 2024 was 113 \u00a0(2023: 81). \u00a0 \n
\n 27. OTHER\u00a0OPERATING \u00a0\n
\n EXPENSES \u00a0\n
\n Details of other operating expenses are \u00a0 as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Legal and consulting fees | \n 3,522 | \n 4,516 | \n
\n \n | Research costs | \n 863 | \n 1,967 | \n
\n \n | Supervisory board fees | \n 398 | \n 1,933 | \n
\n \n | Bank and otherfees | \n 805 | \n 939 | \n
\n \n | Marketing costs | \n 797 | \n 860 | \n
\n \n | Building and premises costs | \n 642 | \n 817 | \n
\n \n | Costs for settlement agreement | \n 0 | \n 643 | \n
\n \n | Repairs and maintenance | \n 860 | \n 582 | \n
\n \n | Insurance premiums | \n 222 | \n 150 | \n
\n \n | Car costs | \n 362 | \n 0 | \n
\n \n | Of\ufb01ce expenses | \n 362 | \n 0 | \n
\n \n | Travel expenses | \n 236 | \n 0 | \n
\n \n | Other costs | \n 150 | \n 325 | \n
\n \n | Total other operating\u00a0expenses | \n 9,219 | \n 12,732 | \n
\n \n
\n
\n Other operating expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 9,219 \u00a0(2023: kEUR 12,732). These primarily relate to \u00a0legal and consulting fees, research and develop- \u00a0ment costs, supervisory board fees, and bank \u00a0and other service charges. \u00a0\n
\n Additionally, the total includes expenditures for \u00a0building-related costs, marketing, insurance \u00a0premiums, repairs and maintenance, and various \u00a0administrative and operational expenses. \u00a0 \n
\n The fees for the audit of the annual accounts \u00a0and the consolidated \ufb01nancial statements for \u00a0the \ufb01nancial year 2024 amounted to kEUR\u00a0267 \u00a0(2023: kEUR 200), while fees for assurance-related \u00a0services amounted to kEUR 31 (2023: kEUR 31). \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43384_2024": {
"value": "\n 25. COSTS\u00a0OF MATERIAL \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Material and external services | \n 24,673 | \n 12,410 | \n
\n \n | Personnel costs for projects | \n 3,285 | \n 1,270 | \n
\n \n | Other supplies | \n 596 | \n 3 | \n
\n \n | Other costs | \n 693 | \n 0 | \n
\n \n | Total material costs | \n 29,247 | \n 13,683 | \n
\n \n
\n
\n Total material costs for the year ended \u00a0 31 December 2024 amounted to kEUR 29,247 \u00a0(2023: kEUR 13,683). These primarily include \u00a0expenses for materials and external services, \u00a0personnel costs allocated to project work, other \u00a0supplies and project-related third-party costs. \u00a0\n
\n The signi\ufb01cant increase in material costs in \u00a0 2024 correlates with the overall development of \u00a0the Group\u2019s sales during the \ufb01nancial year. \u00a0\n
\n 26. EMPLOYEE\u00a0BENEFITS \u00a0\n
\n EXPENSES \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Wages and salaries | \n 10,256 | \n 6,679 | \n
\n \n | Other social charges and taxes | \n 1,909 | \n 1,155 | \n
\n \n | Stock Option Program 2024 | \n (27) | \n 316 | \n
\n \n | Other employee welfareexpenses | \n 56 | \n 9 | \n
\n \n | Personnel costs for projects | \n (3,248) | \n (1,270) | \n
\n \n | Total personnel costs | \n 8,946 | \n 6,889 | \n
\n \n
\n
\n Personnel expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 8,946 \u00a0(2023: kEUR 6,889) and include wages and \u00a0salaries, social security contributions, and \u00a0other employee-related expenses. The negative \u00a0amount of kEUR 27 in relation to the Stock \u00a0Option Program 2024 re\ufb02ects a reversal of \u00a0previously recognised expenses. \u00a0\n
\n Personnel expenses also include capitalised \u00a0 staff costs related to internal project \u00a0development in the amount of kEUR 3,248 \u00a0(2023: kEUR 1,270). \u00a0\n
\n The average number of employees of the Group \u00a0for the year ended 31 December 2024 was 113 \u00a0(2023: 81). \u00a0 \n
\n 27. OTHER\u00a0OPERATING \u00a0\n
\n EXPENSES \u00a0\n
\n Details of other operating expenses are \u00a0 as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Legal and consulting fees | \n 3,522 | \n 4,516 | \n
\n \n | Research costs | \n 863 | \n 1,967 | \n
\n \n | Supervisory board fees | \n 398 | \n 1,933 | \n
\n \n | Bank and otherfees | \n 805 | \n 939 | \n
\n \n | Marketing costs | \n 797 | \n 860 | \n
\n \n | Building and premises costs | \n 642 | \n 817 | \n
\n \n | Costs for settlement agreement | \n 0 | \n 643 | \n
\n \n | Repairs and maintenance | \n 860 | \n 582 | \n
\n \n | Insurance premiums | \n 222 | \n 150 | \n
\n \n | Car costs | \n 362 | \n 0 | \n
\n \n | Of\ufb01ce expenses | \n 362 | \n 0 | \n
\n \n | Travel expenses | \n 236 | \n 0 | \n
\n \n | Other costs | \n 150 | \n 325 | \n
\n \n | Total other operating\u00a0expenses | \n 9,219 | \n 12,732 | \n
\n \n
\n
\n Other operating expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 9,219 \u00a0(2023: kEUR 12,732). These primarily relate to \u00a0legal and consulting fees, research and develop- \u00a0ment costs, supervisory board fees, and bank \u00a0and other service charges. \u00a0\n
\n Additionally, the total includes expenditures for \u00a0building-related costs, marketing, insurance \u00a0premiums, repairs and maintenance, and various \u00a0administrative and operational expenses. \u00a0 \n
\n The fees for the audit of the annual accounts \u00a0and the consolidated \ufb01nancial statements for \u00a0the \ufb01nancial year 2024 amounted to kEUR\u00a0267 \u00a0(2023: kEUR 200), while fees for assurance-related \u00a0services amounted to kEUR 31 (2023: kEUR 31). \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43385_2024": {
"value": "\n 25. COSTS\u00a0OF MATERIAL \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Material and external services | \n 24,673 | \n 12,410 | \n
\n \n | Personnel costs for projects | \n 3,285 | \n 1,270 | \n
\n \n | Other supplies | \n 596 | \n 3 | \n
\n \n | Other costs | \n 693 | \n 0 | \n
\n \n | Total material costs | \n 29,247 | \n 13,683 | \n
\n \n
\n
\n Total material costs for the year ended \u00a0 31 December 2024 amounted to kEUR 29,247 \u00a0(2023: kEUR 13,683). These primarily include \u00a0expenses for materials and external services, \u00a0personnel costs allocated to project work, other \u00a0supplies and project-related third-party costs. \u00a0\n
\n The signi\ufb01cant increase in material costs in \u00a0 2024 correlates with the overall development of \u00a0the Group\u2019s sales during the \ufb01nancial year. \u00a0\n
\n 26. EMPLOYEE\u00a0BENEFITS \u00a0\n
\n EXPENSES \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Wages and salaries | \n 10,256 | \n 6,679 | \n
\n \n | Other social charges and taxes | \n 1,909 | \n 1,155 | \n
\n \n | Stock Option Program 2024 | \n (27) | \n 316 | \n
\n \n | Other employee welfareexpenses | \n 56 | \n 9 | \n
\n \n | Personnel costs for projects | \n (3,248) | \n (1,270) | \n
\n \n | Total personnel costs | \n 8,946 | \n 6,889 | \n
\n \n
\n
\n Personnel expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 8,946 \u00a0(2023: kEUR 6,889) and include wages and \u00a0salaries, social security contributions, and \u00a0other employee-related expenses. The negative \u00a0amount of kEUR 27 in relation to the Stock \u00a0Option Program 2024 re\ufb02ects a reversal of \u00a0previously recognised expenses. \u00a0\n
\n Personnel expenses also include capitalised \u00a0 staff costs related to internal project \u00a0development in the amount of kEUR 3,248 \u00a0(2023: kEUR 1,270). \u00a0\n
\n The average number of employees of the Group \u00a0for the year ended 31 December 2024 was 113 \u00a0(2023: 81). \u00a0 \n
\n 27. OTHER\u00a0OPERATING \u00a0\n
\n EXPENSES \u00a0\n
\n Details of other operating expenses are \u00a0 as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Legal and consulting fees | \n 3,522 | \n 4,516 | \n
\n \n | Research costs | \n 863 | \n 1,967 | \n
\n \n | Supervisory board fees | \n 398 | \n 1,933 | \n
\n \n | Bank and otherfees | \n 805 | \n 939 | \n
\n \n | Marketing costs | \n 797 | \n 860 | \n
\n \n | Building and premises costs | \n 642 | \n 817 | \n
\n \n | Costs for settlement agreement | \n 0 | \n 643 | \n
\n \n | Repairs and maintenance | \n 860 | \n 582 | \n
\n \n | Insurance premiums | \n 222 | \n 150 | \n
\n \n | Car costs | \n 362 | \n 0 | \n
\n \n | Of\ufb01ce expenses | \n 362 | \n 0 | \n
\n \n | Travel expenses | \n 236 | \n 0 | \n
\n \n | Other costs | \n 150 | \n 325 | \n
\n \n | Total other operating\u00a0expenses | \n 9,219 | \n 12,732 | \n
\n \n
\n
\n Other operating expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 9,219 \u00a0(2023: kEUR 12,732). These primarily relate to \u00a0legal and consulting fees, research and develop- \u00a0ment costs, supervisory board fees, and bank \u00a0and other service charges. \u00a0\n
\n Additionally, the total includes expenditures for \u00a0building-related costs, marketing, insurance \u00a0premiums, repairs and maintenance, and various \u00a0administrative and operational expenses. \u00a0 \n
\n The fees for the audit of the annual accounts \u00a0and the consolidated \ufb01nancial statements for \u00a0the \ufb01nancial year 2024 amounted to kEUR\u00a0267 \u00a0(2023: kEUR 200), while fees for assurance-related \u00a0services amounted to kEUR 31 (2023: kEUR 31). \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43367_2024": {
"value": "\n 25. COSTS\u00a0OF MATERIAL \u00a0\n
\n Details of material costs by category of activity \u00a0 are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Material and external services | \n 24,673 | \n 12,410 | \n
\n \n | Personnel costs for projects | \n 3,285 | \n 1,270 | \n
\n \n | Other supplies | \n 596 | \n 3 | \n
\n \n | Other costs | \n 693 | \n 0 | \n
\n \n | Total material costs | \n 29,247 | \n 13,683 | \n
\n \n
\n
\n Total material costs for the year ended \u00a0 31 December 2024 amounted to kEUR 29,247 \u00a0(2023: kEUR 13,683). These primarily include \u00a0expenses for materials and external services, \u00a0personnel costs allocated to project work, other \u00a0supplies and project-related third-party costs. \u00a0\n
\n The signi\ufb01cant increase in material costs in \u00a0 2024 correlates with the overall development of \u00a0the Group\u2019s sales during the \ufb01nancial year. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43409_2024": {
"value": "The average number of employees of the Group \u00a0for the year ended 31 December 2024 was 113 \u00a0(2023: 81). \u00a0",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43445_2024": {
"value": "\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Legal and consulting fees | \n 3,522 | \n 4,516 | \n
\n \n | Research costs | \n 863 | \n 1,967 | \n
\n \n | Supervisory board fees | \n 398 | \n 1,933 | \n
\n \n | Bank and otherfees | \n 805 | \n 939 | \n
\n \n | Marketing costs | \n 797 | \n 860 | \n
\n \n | Building and premises costs | \n 642 | \n 817 | \n
\n \n | Costs for settlement agreement | \n 0 | \n 643 | \n
\n \n | Repairs and maintenance | \n 860 | \n 582 | \n
\n \n | Insurance premiums | \n 222 | \n 150 | \n
\n \n | Car costs | \n 362 | \n 0 | \n
\n \n | Of\ufb01ce expenses | \n 362 | \n 0 | \n
\n \n | Travel expenses | \n 236 | \n 0 | \n
\n \n | Other costs | \n 150 | \n 325 | \n
\n \n | Total other operating\u00a0expenses | \n 9,219 | \n 12,732 | \n
\n \n
\n
\n Other operating expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 9,219 \u00a0(2023: kEUR 12,732). These primarily relate to \u00a0legal and consulting fees, research and develop- \u00a0ment costs, supervisory board fees, and bank \u00a0and other service charges. \u00a0\n
\n Additionally, the total includes expenditures for \u00a0building-related costs, marketing, insurance \u00a0premiums, repairs and maintenance, and various \u00a0administrative and operational expenses. \u00a0 \n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43458_2024": {
"value": "\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Legal and consulting fees | \n 3,522 | \n 4,516 | \n
\n \n | Research costs | \n 863 | \n 1,967 | \n
\n \n | Supervisory board fees | \n 398 | \n 1,933 | \n
\n \n | Bank and otherfees | \n 805 | \n 939 | \n
\n \n | Marketing costs | \n 797 | \n 860 | \n
\n \n | Building and premises costs | \n 642 | \n 817 | \n
\n \n | Costs for settlement agreement | \n 0 | \n 643 | \n
\n \n | Repairs and maintenance | \n 860 | \n 582 | \n
\n \n | Insurance premiums | \n 222 | \n 150 | \n
\n \n | Car costs | \n 362 | \n 0 | \n
\n \n | Of\ufb01ce expenses | \n 362 | \n 0 | \n
\n \n | Travel expenses | \n 236 | \n 0 | \n
\n \n | Other costs | \n 150 | \n 325 | \n
\n \n | Total other operating\u00a0expenses | \n 9,219 | \n 12,732 | \n
\n \n
\n
\n Other operating expenses for the year ended \u00a0 31 December 2024 amounted to kEUR 9,219 \u00a0(2023: kEUR 12,732). These primarily relate to \u00a0legal and consulting fees, research and develop- \u00a0ment costs, supervisory board fees, and bank \u00a0and other service charges. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43401_2024": {
"value": "Additionally, the total includes expenditures for \u00a0building-related costs, marketing, insurance \u00a0premiums, repairs and maintenance, and various \u00a0administrative and operational expenses. \u00a0",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43348_2024": {
"value": "The fees for the audit of the annual accounts \u00a0and the consolidated \ufb01nancial statements for \u00a0the \ufb01nancial year 2024 amounted to kEUR\u00a0267 \u00a0(2023: kEUR 200), while fees for assurance-related \u00a0services amounted to kEUR 31 (2023: kEUR 31). \u00a0",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43391_2024": {
"value": "\n 28. FINANCIAL\u00a0INCOME \u00a0\n
\n Details of \ufb01nancial income are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Interest bank accounts | \n 111 | \n 345 | \n
\n \n | FX gains | \n 0 | \n 80 | \n
\n \n | Other \ufb01nancial income | \n 29 | \n 254 | \n
\n \n | Total \ufb01nancial income | \n 140 | \n 679 | \n
\n \n
\n
\n Financial income for the year ended \u00a0 31 December 2024 amounted to kEUR 140 \u00a0(2023: kEUR 679) and mainly includes interest \u00a0income from bank balances and other \ufb01nancial \u00a0income. No foreign exchange gains were \u00a0recognised in the reporting year. \u00a0\n
\n 29. FINANCIAL\u00a0EXPENSES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | FX losses | \n 33 | \n 109 | \n
\n \n | Interest on amount owed to credit institutions | \n 180 | \n 79 | \n
\n \n | Interest on other \ufb01nancial liabilities | \n 1,233 | \n 2,160 | \n
\n \n | Other \ufb01nancial charges | \n 28 | \n 108 | \n
\n \n | Total \ufb01nance expenses | \n 1,474 | \n 2,456 | \n
\n \n
\n
\n Financial expenses for the year ended 31 De- \u00a0 cember 2024 amounted to kEUR 1,474 (2023: \u00a0kEUR 2,456). They primarily relate to interest \u00a0expenses on \ufb01nancial liabilities and credit facili- \u00a0ties, foreign exchange losses as well as other \u00a0\ufb01nancing-related charges. \u00a0\n
\n Included in this amount are interest expenses \u00a0 from lease liabilities in accordance with IFRS 16 \u00a0in the amount of kEUR 43 (2023: kEUR 33). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43380_2024": {
"value": "\n 28. FINANCIAL\u00a0INCOME \u00a0\n
\n Details of \ufb01nancial income are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Interest bank accounts | \n 111 | \n 345 | \n
\n \n | FX gains | \n 0 | \n 80 | \n
\n \n | Other \ufb01nancial income | \n 29 | \n 254 | \n
\n \n | Total \ufb01nancial income | \n 140 | \n 679 | \n
\n \n
\n
\n Financial income for the year ended \u00a0 31 December 2024 amounted to kEUR 140 \u00a0(2023: kEUR 679) and mainly includes interest \u00a0income from bank balances and other \ufb01nancial \u00a0income. No foreign exchange gains were \u00a0recognised in the reporting year. \u00a0\n
\n 29. FINANCIAL\u00a0EXPENSES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | FX losses | \n 33 | \n 109 | \n
\n \n | Interest on amount owed to credit institutions | \n 180 | \n 79 | \n
\n \n | Interest on other \ufb01nancial liabilities | \n 1,233 | \n 2,160 | \n
\n \n | Other \ufb01nancial charges | \n 28 | \n 108 | \n
\n \n | Total \ufb01nance expenses | \n 1,474 | \n 2,456 | \n
\n \n
\n
\n Financial expenses for the year ended 31 De- \u00a0 cember 2024 amounted to kEUR 1,474 (2023: \u00a0kEUR 2,456). They primarily relate to interest \u00a0expenses on \ufb01nancial liabilities and credit facili- \u00a0ties, foreign exchange losses as well as other \u00a0\ufb01nancing-related charges. \u00a0\n
\n Included in this amount are interest expenses \u00a0 from lease liabilities in accordance with IFRS 16 \u00a0in the amount of kEUR 43 (2023: kEUR 33). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43416_2024": {
"value": "\n 28. FINANCIAL\u00a0INCOME \u00a0\n
\n Details of \ufb01nancial income are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Interest bank accounts | \n 111 | \n 345 | \n
\n \n | FX gains | \n 0 | \n 80 | \n
\n \n | Other \ufb01nancial income | \n 29 | \n 254 | \n
\n \n | Total \ufb01nancial income | \n 140 | \n 679 | \n
\n \n
\n
\n Financial income for the year ended \u00a0 31 December 2024 amounted to kEUR 140 \u00a0(2023: kEUR 679) and mainly includes interest \u00a0income from bank balances and other \ufb01nancial \u00a0income. No foreign exchange gains were \u00a0recognised in the reporting year. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43392_2024": {
"value": "\n 28. FINANCIAL\u00a0INCOME \u00a0\n
\n Details of \ufb01nancial income are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Interest bank accounts | \n 111 | \n 345 | \n
\n \n | FX gains | \n 0 | \n 80 | \n
\n \n | Other \ufb01nancial income | \n 29 | \n 254 | \n
\n \n | Total \ufb01nancial income | \n 140 | \n 679 | \n
\n \n
\n
\n Financial income for the year ended \u00a0 31 December 2024 amounted to kEUR 140 \u00a0(2023: kEUR 679) and mainly includes interest \u00a0income from bank balances and other \ufb01nancial \u00a0income. No foreign exchange gains were \u00a0recognised in the reporting year. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43390_2024": {
"value": "\n 29. FINANCIAL\u00a0EXPENSES \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | FX losses | \n 33 | \n 109 | \n
\n \n | Interest on amount owed to credit institutions | \n 180 | \n 79 | \n
\n \n | Interest on other \ufb01nancial liabilities | \n 1,233 | \n 2,160 | \n
\n \n | Other \ufb01nancial charges | \n 28 | \n 108 | \n
\n \n | Total \ufb01nance expenses | \n 1,474 | \n 2,456 | \n
\n \n
\n
\n Financial expenses for the year ended 31 De- \u00a0 cember 2024 amounted to kEUR 1,474 (2023: \u00a0kEUR 2,456). They primarily relate to interest \u00a0expenses on \ufb01nancial liabilities and credit facili- \u00a0ties, foreign exchange losses as well as other \u00a0\ufb01nancing-related charges. \u00a0\n
\n Included in this amount are interest expenses \u00a0 from lease liabilities in accordance with IFRS 16 \u00a0in the amount of kEUR 43 (2023: kEUR 33). \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43359_2024": {
"value": "\n 30. RECONCILIATION\u00a0OF \u00a0\n
\n FINANCIAL LIABILITIES \u00a0\n
\n FROM FINANCING ACTIVITIES \u00a0\n
\n The following table presents the changes in \u00a0 \ufb01nancial liabilities classi\ufb01ed under \ufb01nancing \u00a0activities, excluding items reported under equity, \u00a0for the years ended 31 December 2024 and \u00a02023, as re\ufb02ected in the consolidated cash \ufb02ow \u00a0statement. \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n Issue incl. | \n conversion | \n | \n | \n
\n \n | (IN EUR 1,000) | \n 31/12/2023 | \n Interests | \n into equity | \n Payments | \n 31/12/2024 | \n
\n \n | Contract liabilites and capital grants | \n 43,557 | \n 0 | \n 0 | \n (7,440) | \n 36,117 | \n
\n \n | Bank borrowings | \n 163 | \n 0 | \n 0 | \n (44) | \n 119 | \n
\n \n | Total | \n 43,720 | \n 0 | \n 0 | \n (7,484) | \n 36,236 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n \n \n \n | \n | \n Issue incl. | \n conversion | \n | \n | \n
\n \n | (IN EUR 1,000) | \n 31/12/2022 | \n Interests | \n into equity | \n Payments | \n 31/12/2023 | \n
\n \n | Bonds | \n 9,131 | \n 534 | \n 0 | \n (9,665) | \n 0 | \n
\n \n | Contract liabilites and capital grants | \n 47,538 | \n 0 | \n 0 | \n (3,981) | \n 43,557 | \n
\n \n | Bank borrowings | \n 1,798 | \n 0 | \n 0 | \n (1,635) | \n 163 | \n
\n \n | Total | \n 58,468 | \n 534 | \n 0 | \n (15,282) | \n 43,721 | \n
\n \n
\n
\n 31.RELATED PARTIES \u00a0\n
\n \n Ultimate controlling parties and\n related-parties \u00a0 transactions \u00a0\n
\n \n As of 31 December 2024 H2APEX has not been \u00a0 informed by\n any shareholder, that a shareholder \u00a0has interests of more than 50% in the parent\n \u00a0company. H2APEX Group S.C.A. is\u00a0managed\n \u00a0by H2APEX Management S.\u00e0 r.l. (hereafter\u00a0the \u00a0\u201cGeneral Partner\u201d), a limited liability\n company \u00a0under the law of Luxembourg (Soci\u00e9t\u00e9 \u00e0\n respon-sabilit\u00e9 limit\u00e9e (S.\u00e0 r.l.)), the shares in which\n are \u00a0held indirectly by the founders of the Active \u00a0\n Ownership Group (AOC) Florian Schuhbauer und \u00a0\n Klaus R\u00f6hrig (50% each). \u00a0\n
\n \n \n RELATED PERSONS \u00a0\n
\n \n Supervisory Board H2APEX Group SCA\n \u00a0 (as from 23 January 2020) \u00a0\n
\n \n Due to the change of the legal form of the\n Com- \u00a0 pany to a partnership limited by shares (soci\u00e9t\u00e9\n \u00a0en commandite par actions (SCA)) under the \u00a0laws of\n the Grand Duchy of Luxembourg (the \u00a0\u201cChange of the Legal Form\u201d), the extraordinary \u00a0general meeting of 23 January 2020 appointed\n \u00a0a supervisory board (the \u201cSupervisory Board\u201d).\n \u00a0The current composition of the Supervisory \u00a0Board of\n the Company is as follows: \u00a0\n
\n \n \u2022\n
\n \n Roland Lienau (Chairman) \u00a0\n
\n \n \u2022\n
\n \n Georges Bock (Chairman of the\n \u00a0 audit committee) \u00a0\n
\n \n \u2022\n
\n \n Florian Schuhbauer (as from 2 May 2023)\n \u00a0\n
\n \n \u2022\n
\n \n Thomas Terschluse (as from 2 May 2023)\n \u00a0\n
\n \n \u2022\n
\n \n Prof. Dr. Heinz J\u00f6rg Fuhrmann \u00a0\n (as\n from 18 January 2024) \u00a0\n
\n \n \u2022\n
\n \n Markus Lesser (as from 24 February 2025) \u00a0\n
\n \n Prof. Dr. Matthias Beller resigned from his\n man- \u00a0 date as member of the Supervisory Board with \u00a0effect as of 3 December 2024. \u00a0\n
\n \n \n RELATED ENTITIES \u00a0\n
\n \n Information on the shares in subsidiaries can be\n \u00a0 found in Note 2. \u00a0\n
\n \n \n MEMBERS OF THE MANAGEMENT BOARD\n \u00a0\n
\n \n As a result of the change in legal form, \u00a0 the extraordinary general meeting\n held on \u00a023\n January 2020 approved the creation \u00a0and\n issuance of one unlimited share to \u00a0the Company\u2019s general partner, H2APEX \u00a0Management S.\u00e0 r.l. The current managing \u00a0directors of H2APEX Management S.\u00e0 r.l. are \u00a0Klaus R\u00f6hrig and Jan Klopp.\n \u00a0\n
\n \n Bastian Bubel resigned from his\n position as \u00a0 managing director of the general partner\n with \u00a0effect from 1 April 2024. \u00a0\n
\n \n \n As of 31 December 2024, receivables from\n \u00a0 shareholders include a claim against Endurance \u00a0Fund Ltd. in\n connection with capital gains \u00a0taxes paid on its behalf by the Group in 2021.\n \u00a0The receivable is non-interest-bearing and is\n \u00a0intended to be settled by offsetting against the\n \u00a0outstanding shareholder loan from Endurance \u00a0Fund Ltd. at\n maturity. \u00a0\n
\n \n Details of account balances with related parties \u00a0 by category are as follows: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Assets | \n | \n | \n
\n \n | Receivables from shareholders | \n 506 | \n 506 | \n
\n \n | Total | \n 506 | \n 506 | \n
\n \n
\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 31/12/2024 | \n 31/12/2023 | \n
\n \n | Liabilities | \n | \n | \n
\n \n | Loans and accrued interests on shareholder loans | \n 33,801 | \n 33,109 | \n
\n \n | Total | \n 33,801 | \n 33,109 | \n
\n \n
\n
\n The following are income and expense items \u00a0 with related parties: \u00a0\n
\n
\n \n \n \n \n \n \n \n | (in EUR 1,000) | \n 2024 | \n 2023 | \n
\n \n | Expense | \n | \n | \n
\n \n | Interest on loans from shareholders | \n 1,129 | \n 1,128 | \n
\n \n | Total | \n 1,129 | \n 1,128 | \n
\n \n
\n
\n MANAGEMENT AT THE LEVEL \u00a0\n
\n OF THE COMPANY \u00a0\n
\n The Company did not grant any emolument, \u00a0 loans or advances to members of its \u00a0management during the year ended. \u00a0Transactions other than ordinary business or \u00a0under terms differing from market conditions \u00a0carried out by the management of the company. \u00a0During the year, the managers of the Company \u00a0have not carried out any transactions other than \u00a0ordinary business or applied terms that differ \u00a0from market conditions with the Company or \u00a0with other companies in the Group. \u00a0\n
\n CONFLICTS OF INTEREST CONCERNING \u00a0 THE MANAGEMENT \u00a0\n
\n The managers of the Company and their related \u00a0 parties have had no con\ufb02icts of interest requir- \u00a0ing disclosure. \u00a0\n
\n CONTINGENT LIABILITIES TOWARDS \u00a0 RELATED PARTIES \u00a0\n
\n There are no contingent liabilities towards \u00a0 related parties as of 2024 and 2023. \u00a0\n
\n 32 KEY\u00a0MANAGEMENT \u00a0\n
\n PERSONNEL EXPENSES \u00a0\n
\n The Company is managed by H2APEX Manage- \u00a0 ment S.\u00e0 r.l. (hereafter the \u201cGeneral Partner\u201d), a \u00a0limited company under the law of Luxembourg. \u00a0For the \ufb01nancial year 2024, an amount of kEUR \u00a0306.7 (2023: kEUR\u00a0303.1) has been recognized \u00a0in the consolidated income statement for the \u00a0remuneration of the Supervisory Board. The \u00a0amount of kEUR 148 (2023: kEUR 180) has beenrecognized in the consolidated income state- \u00a0ment as a management fee for the General \u00a0Partner. \u00a0\n
\n Share-Based Payments \u00a0\n
\n At the Annual General Meeting 2023, the \u00a0 shareholders approved a Stock Option Program \u00a0amounting to 3,640,000 shares of the Company, \u00a0with each Stock Option corresponding to one \u00a0share. \u00a0\n
\n In 2024, the General Partner amended the SOP \u00a0 2023 according to the authorized regulations \u00a0approved by the AGM 2023. The amendment \u00a0lead to the following changes: \u00a0\n
\n \u2022\n
\n The period for vested Stock Options to \u00a0 be exercised is extended from one to \ufb01ve \u00a0years after the Vesting Date to provide more \u00a0\ufb02exibility for Bene\ufb01ciaries to exercise their \u00a0options based on the Stock Price. \u00a0\n
\n \u2022\n
\n The Vesting Start Date for the options \u00a0 issued at the end of July 2023 will be \u00a0moved forward to 1 June 2023 and \u00a0therefore the Stock Options become \u00a0exercisable earlier. \u00a0\n
\n \u2022\n
\n A mechanism to exercise options without \u00a0 cash payment (Cashless Exercise) to be \u00a0introduced, subject to suf\ufb01cient capital \u00a0reserves being available at such time and \u00a0approval of the administrator. \u00a0\n
\n \u2022\n
\n To streamline the process of exercising the \u00a0 Stock Options and lessen the administrative \u00a0burden, exercise of stock options to only \u00a0be possible during the month following the \u00a0annual general meeting (Exercise Window). \u00a0\n
\n The vesting is tied to the continued employment \u00a0 at the H2APEX Group over a period of four years \u00a0following the Vesting Start Date (Vesting Period). \u00a0During the Vesting Period, every full quarter\u00a0of \u00a0employment by the H2APEX Group, 1/16th of \u00a0the stock options vest provided that the \ufb01rst \u00a01/4th of your stock options only vest after the \u00a0\ufb01rst year (Cliff). \u00a0\n
\n Under the SOP 2023, Stock Options were \u00a0 granted in 2023 and 2024 to the following \u00a0groups of participants: \u00a0\n
\n i. \u00a0\n
\n members of the supervisory board of the \u00a0 Company; \u00a0\n
\n ii. members\u00a0of the management of af\ufb01liated \u00a0\n
\n companies; and \u00a0\n
\n iii. key\u00a0employees of af\ufb01liated companies \u00a0\n
\n The exercise price for each of the granted Stock \u00a0 Options shall be EUR 5.50. \u00a0\n
\n As of 31 December 2024, 2,694,375 Stock \u00a0 Options are outstanding under the following \u00a0terms: \u00a0\n
\n \u2022\n
\n 1,000,000 Stock Options have been granted \u00a0 to the Chairman of the Supervisory Board \u00a0and Lien Hold Co \u00a0\n
\n \u2022\n
\n 1,694,375 Stock Options have been granted \u00a0 to key employees. These Options shall be \u00a0considered vested over a four-year period \u00a0(1/16 for each full quarter). \u00a0\n
\n As consideration for Roland Lienau\u2019s (Chairman \u00a0 of the Supervisory Board) contribution to the \u00a0business combination between the Company \u00a0and the German APEX-Group (in particular, \u00a0the deal sourcing, relationship management, \u00a0support of the key negotiations and your \u00a0laborious assistance throughout the entire M&A \u00a0process), 660,000 Stock Options were granted \u00a0to Lien HoldCo (related party to Roland Lienau). \u00a0The Exercise Price for each of these Stock \u00a0Options shall be EUR 5.50. These Stock Options \u00a0are fully vested as of the acceptance and must \u00a0be exercised by 31 December 2027 (\u201cExpiry \u00a0Date\u201d). \u00a0\n
\n In addition, as consideration for Roland Lienau\u2019s \u00a0 continuing to hold the of\ufb01ce of chairman\u00a0of the \u00a0Supervisory Board, 340,000 Stock Options were \u00a0granted to Lien HoldCo, too. The Exercise Price \u00a0for each of these Stock Options shall be EUR \u00a05.50. These Stock Options shall be considered \u00a0fully vested on 31 December 2025 (accelerated \u00a0vesting). \u00a0\n
\n The expenses recognized for stock option \u00a0 \n \n services during the year is kEUR 27 (2023: \u00a0\n kEUR 1,946). \u00a0\n
\n The following table illustrates the number and \u00a0 exercise prices of stock options granted, the \u00a0movements in share options during the year: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | \n 2024 | \n 2024 | \n 2023 | \n 2023 | \n
\n \n | (in EUR) | \n Number | \n excercise price | \n Number | \n excercise price | \n
\n \n | Outstanding at 1 January | \n 2,400,000 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Granted during the year | \n 450,000 | \n 5.50 | \n 2,400,000 | \n 5.50 | \n
\n \n | Forfeited during the year | \n 155,625 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Exercised during the year | \n 0 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Expired during the year | \n 0 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Outstanding at 31 December | \n 2,694,375 | \n 5.50 | \n 2,400,000 | \n 5.50 | \n
\n \n | Exercisable at 31 December | \n 660,000 | \n 5.50 | \n 660,000 | \n 5.50 | \n
\n \n
\n
\n The exercise prices for all outstanding stock \u00a0 options at the end of the year was EUR 5.50. \u00a0\n
\n The following table lists the inputs to the \u00a0 model used: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n 6th Tranche | \n 5th Tranche | \n 4th Tranche | \n 3rd Tranche | \n 2nd Tranche | \n 1st Tranche | \n | \n
\n \n | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n | \n
\n \n | \n amended in | \n amended in | \n amended in | \n amended in | \n amended in | \n amended in | \n | \n
\n \n | Model parameters | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2023 Vorjahr | \n
\n \n | Number of Options outstanding | \n 100,000 | \n 50,000 | \n 100,000 | \n 300,000 | \n 340,000 | \n 1,804,375 | \n 2,200,000 | \n
\n \n | Weighted average fair values at the | \n 3.34 | \n 2.16 | \n 3.30 | \n 3.14 | \n 3.27 | \n 3.52 | \n 1.81 | \n
\n \n | measurement date | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Dividend yield (%) | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n
\n \n | Expected volatility (%) | \n 35% | \n 35% | \n 35% | \n 35% | \n 35% | \n 35% | \n 40% | \n
\n \n | Risk-free interest rate (%) | \n 2.35% | \n 1.61% | \n 2.30% | \n 2.76% | \n 2.51% | \n 2.4% | \n 3.29% | \n
\n \n | Expected life options (years) | \n 5 | \n 5 | \n 5 | \n 5 | \n 3 | \n 4 | \n 4 | \n
\n \n | Share Proce Grant Date | \n 6.23 | \n 4.60 | \n 5.90 | \n 5.90 | \n 6.45 | \n 6.45 | \n 6.65 | \n
\n \n | Model used | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n
\n \n | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n
\n \n | weighted average remaining | \n 4.01 | \n 3.82 | \n 3.82 | \n 3.52 | \n 1.00 | \n 2.33 | \n 2.66 | \n
\n \n | contractual life | \n | \n | \n | \n | \n | \n | \n | \n
\n \n
\n
\n The expected life of Stock Options is based \u00a0 on current expectations and is not necessarily \u00a0indicative of exercise patterns that may occur. \u00a0The expected volatility re\ufb02ects the assumption \u00a0that the historical volatility over a period similar \u00a0to the life of the options is indicative of future \u00a0trends, which may not necessarily be the actual \u00a0outcome. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43410_2024": {
"value": "\n \n RELATED PERSONS \u00a0\n
\n \n Supervisory Board H2APEX Group SCA\n \u00a0 (as from 23 January 2020) \u00a0\n
\n \n Due to the change of the legal form of the\n Com- \u00a0 pany to a partnership limited by shares (soci\u00e9t\u00e9\n \u00a0en commandite par actions (SCA)) under the \u00a0laws of\n the Grand Duchy of Luxembourg (the \u00a0\u201cChange of the Legal Form\u201d), the extraordinary \u00a0general meeting of 23 January 2020 appointed\n \u00a0a supervisory board (the \u201cSupervisory Board\u201d).\n \u00a0The current composition of the Supervisory \u00a0Board of\n the Company is as follows: \u00a0\n
\n \n \u2022\n
\n \n Roland Lienau (Chairman) \u00a0\n
\n \n \u2022\n
\n \n Georges Bock (Chairman of the\n \u00a0 audit committee) \u00a0\n
\n \n \u2022\n
\n \n Florian Schuhbauer (as from 2 May 2023)\n \u00a0\n
\n \n \u2022\n
\n \n Thomas Terschluse (as from 2 May 2023)\n \u00a0\n
\n \n \u2022\n
\n \n Prof. Dr. Heinz J\u00f6rg Fuhrmann \u00a0\n (as\n from 18 January 2024) \u00a0\n
\n \n \u2022\n
\n \n Markus Lesser (as from 24 February 2025) \u00a0\n
\n \n Prof. Dr. Matthias Beller resigned from his\n man- \u00a0 date as member of the Supervisory Board with \u00a0effect as of 3 December 2024. \u00a0\n
\n \n \n MEMBERS OF THE MANAGEMENT BOARD\n \u00a0\n
\n \n As a result of the change in legal form, \u00a0 the extraordinary general meeting\n held on \u00a023\n January 2020 approved the creation \u00a0and\n issuance of one unlimited share to \u00a0the Company\u2019s general partner, H2APEX \u00a0Management S.\u00e0 r.l. The current managing \u00a0directors of H2APEX Management S.\u00e0 r.l. are \u00a0Klaus R\u00f6hrig and Jan Klopp.\n \u00a0\n
\n \n Bastian Bubel resigned from his\n position as \u00a0 managing director of the general partner\n with \u00a0effect from 1 April 2024. \u00a0\n
\n \n MANAGEMENT AT THE LEVEL \u00a0\n
\n OF THE COMPANY \u00a0\n
\n The Company did not grant any emolument, \u00a0 loans or advances to members of its \u00a0management during the year ended. \u00a0Transactions other than ordinary business or \u00a0under terms differing from market conditions \u00a0carried out by the management of the company. \u00a0During the year, the managers of the Company \u00a0have not carried out any transactions other than \u00a0ordinary business or applied terms that differ \u00a0from market conditions with the Company or \u00a0with other companies in the Group. \u00a0\n
\n CONFLICTS OF INTEREST CONCERNING \u00a0 THE MANAGEMENT \u00a0\n
\n The managers of the Company and their related \u00a0 parties have had no con\ufb02icts of interest requir- \u00a0ing disclosure. \u00a0\n
\n 32 KEY\u00a0MANAGEMENT \u00a0\n
\n PERSONNEL EXPENSES \u00a0\n
\n The Company is managed by H2APEX Manage- \u00a0 ment S.\u00e0 r.l. (hereafter the \u201cGeneral Partner\u201d), a \u00a0limited company under the law of Luxembourg. \u00a0For the \ufb01nancial year 2024, an amount of kEUR \u00a0306.7 (2023: kEUR\u00a0303.1) has been recognized \u00a0in the consolidated income statement for the \u00a0remuneration of the Supervisory Board. The \u00a0amount of kEUR 148 (2023: kEUR 180) has beenrecognized in the consolidated income state- \u00a0ment as a management fee for the General \u00a0Partner. \u00a0\n
\n Share-Based Payments \u00a0\n
\n At the Annual General Meeting 2023, the \u00a0 shareholders approved a Stock Option Program \u00a0amounting to 3,640,000 shares of the Company, \u00a0with each Stock Option corresponding to one \u00a0share. \u00a0\n
\n In 2024, the General Partner amended the SOP \u00a0 2023 according to the authorized regulations \u00a0approved by the AGM 2023. The amendment \u00a0lead to the following changes: \u00a0\n
\n \u2022\n
\n The period for vested Stock Options to \u00a0 be exercised is extended from one to \ufb01ve \u00a0years after the Vesting Date to provide more \u00a0\ufb02exibility for Bene\ufb01ciaries to exercise their \u00a0options based on the Stock Price. \u00a0\n
\n \u2022\n
\n The Vesting Start Date for the options \u00a0 issued at the end of July 2023 will be \u00a0moved forward to 1 June 2023 and \u00a0therefore the Stock Options become \u00a0exercisable earlier. \u00a0\n
\n \u2022\n
\n A mechanism to exercise options without \u00a0 cash payment (Cashless Exercise) to be \u00a0introduced, subject to suf\ufb01cient capital \u00a0reserves being available at such time and \u00a0approval of the administrator. \u00a0\n
\n \u2022\n
\n To streamline the process of exercising the \u00a0 Stock Options and lessen the administrative \u00a0burden, exercise of stock options to only \u00a0be possible during the month following the \u00a0annual general meeting (Exercise Window). \u00a0\n
\n The vesting is tied to the continued employment \u00a0 at the H2APEX Group over a period of four years \u00a0following the Vesting Start Date (Vesting Period). \u00a0During the Vesting Period, every full quarter\u00a0of \u00a0employment by the H2APEX Group, 1/16th of \u00a0the stock options vest provided that the \ufb01rst \u00a01/4th of your stock options only vest after the \u00a0\ufb01rst year (Cliff). \u00a0\n
\n Under the SOP 2023, Stock Options were \u00a0 granted in 2023 and 2024 to the following \u00a0groups of participants: \u00a0\n
\n i. \u00a0\n
\n members of the supervisory board of the \u00a0 Company; \u00a0\n
\n ii. members\u00a0of the management of af\ufb01liated \u00a0\n
\n companies; and \u00a0\n
\n iii. key\u00a0employees of af\ufb01liated companies \u00a0\n
\n The exercise price for each of the granted Stock \u00a0 Options shall be EUR 5.50. \u00a0\n
\n As of 31 December 2024, 2,694,375 Stock \u00a0 Options are outstanding under the following \u00a0terms: \u00a0\n
\n \u2022\n
\n 1,000,000 Stock Options have been granted \u00a0 to the Chairman of the Supervisory Board \u00a0and Lien Hold Co \u00a0\n
\n \u2022\n
\n 1,694,375 Stock Options have been granted \u00a0 to key employees. These Options shall be \u00a0considered vested over a four-year period \u00a0(1/16 for each full quarter). \u00a0\n
\n As consideration for Roland Lienau\u2019s (Chairman \u00a0 of the Supervisory Board) contribution to the \u00a0business combination between the Company \u00a0and the German APEX-Group (in particular, \u00a0the deal sourcing, relationship management, \u00a0support of the key negotiations and your \u00a0laborious assistance throughout the entire M&A \u00a0process), 660,000 Stock Options were granted \u00a0to Lien HoldCo (related party to Roland Lienau). \u00a0The Exercise Price for each of these Stock \u00a0Options shall be EUR 5.50. These Stock Options \u00a0are fully vested as of the acceptance and must \u00a0be exercised by 31 December 2027 (\u201cExpiry \u00a0Date\u201d). \u00a0\n
\n In addition, as consideration for Roland Lienau\u2019s \u00a0 continuing to hold the of\ufb01ce of chairman\u00a0of the \u00a0Supervisory Board, 340,000 Stock Options were \u00a0granted to Lien HoldCo, too. The Exercise Price \u00a0for each of these Stock Options shall be EUR \u00a05.50. These Stock Options shall be considered \u00a0fully vested on 31 December 2025 (accelerated \u00a0vesting). \u00a0\n
\n The expenses recognized for stock option \u00a0 \n \n services during the year is kEUR 27 (2023: \u00a0\n kEUR 1,946). \u00a0\n
\n The following table illustrates the number and \u00a0 exercise prices of stock options granted, the \u00a0movements in share options during the year: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n | \n 2024 | \n 2024 | \n 2023 | \n 2023 | \n
\n \n | (in EUR) | \n Number | \n excercise price | \n Number | \n excercise price | \n
\n \n | Outstanding at 1 January | \n 2,400,000 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Granted during the year | \n 450,000 | \n 5.50 | \n 2,400,000 | \n 5.50 | \n
\n \n | Forfeited during the year | \n 155,625 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Exercised during the year | \n 0 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Expired during the year | \n 0 | \n 5.50 | \n 0 | \n 5.50 | \n
\n \n | Outstanding at 31 December | \n 2,694,375 | \n 5.50 | \n 2,400,000 | \n 5.50 | \n
\n \n | Exercisable at 31 December | \n 660,000 | \n 5.50 | \n 660,000 | \n 5.50 | \n
\n \n
\n
\n The exercise prices for all outstanding stock \u00a0 options at the end of the year was EUR 5.50. \u00a0\n
\n The following table lists the inputs to the \u00a0 model used: \u00a0\n
\n
\n \n \n \n \n \n \n \n \n \n \n \n \n | \n 6th Tranche | \n 5th Tranche | \n 4th Tranche | \n 3rd Tranche | \n 2nd Tranche | \n 1st Tranche | \n | \n
\n \n | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n | \n
\n \n | \n amended in | \n amended in | \n amended in | \n amended in | \n amended in | \n amended in | \n | \n
\n \n | Model parameters | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2024 | \n 2023 Vorjahr | \n
\n \n | Number of Options outstanding | \n 100,000 | \n 50,000 | \n 100,000 | \n 300,000 | \n 340,000 | \n 1,804,375 | \n 2,200,000 | \n
\n \n | Weighted average fair values at the | \n 3.34 | \n 2.16 | \n 3.30 | \n 3.14 | \n 3.27 | \n 3.52 | \n 1.81 | \n
\n \n | measurement date | \n | \n | \n | \n | \n | \n | \n | \n
\n \n | Dividend yield (%) | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n 0% | \n
\n \n | Expected volatility (%) | \n 35% | \n 35% | \n 35% | \n 35% | \n 35% | \n 35% | \n 40% | \n
\n \n | Risk-free interest rate (%) | \n 2.35% | \n 1.61% | \n 2.30% | \n 2.76% | \n 2.51% | \n 2.4% | \n 3.29% | \n
\n \n | Expected life options (years) | \n 5 | \n 5 | \n 5 | \n 5 | \n 3 | \n 4 | \n 4 | \n
\n \n | Share Proce Grant Date | \n 6.23 | \n 4.60 | \n 5.90 | \n 5.90 | \n 6.45 | \n 6.45 | \n 6.65 | \n
\n \n | Model used | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n Binominal/ | \n
\n \n | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n CRR | \n
\n \n | weighted average remaining | \n 4.01 | \n 3.82 | \n 3.82 | \n 3.52 | \n 1.00 | \n 2.33 | \n 2.66 | \n
\n \n | contractual life | \n | \n | \n | \n | \n | \n | \n | \n
\n \n
\n
\n The expected life of Stock Options is based \u00a0 on current expectations and is not necessarily \u00a0indicative of exercise patterns that may occur. \u00a0The expected volatility re\ufb02ects the assumption \u00a0that the historical volatility over a period similar \u00a0to the life of the options is indicative of future \u00a0trends, which may not necessarily be the actual \u00a0outcome. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43366_2024": {
"value": "\n CONTINGENT LIABILITIES TOWARDS \u00a0 RELATED PARTIES \u00a0\n
\n There are no contingent liabilities towards \u00a0 related parties as of 2024 and 2023. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
},
"esef-43383_2024": {
"value": "\n 33. EVENTS\u00a0AFTER \u00a0\n
\n THE REPORTING PERIOD \u00a0\n
\n On April 23, 2025, H2APEX Group SCA as \u00a0 borrower entered into a EUR 20,000,000 \u00a0loan agreement with its shareholder Active \u00a0Ownership Fund SICAV SIF SCS. The loan is \u00a0unsecured and bears interest of 7% p.a. and has a \u00a0term until 15 May 2026. The loan agreement \u00a0includes the right of the lender to convert the \u00a0loan amount (plus interest accrued) into shares \u00a0of H2APEX at a conversion price of EUR 2.20 \u00a0per share. Further, H2APEX agreed to pay Active \u00a0Ownership Fund SICAV SIF SCS an arrangement \u00a0fee equal to 3.00% of the loan amount. \u00a0\n
\n Furthermore, Endurance Fund Ltd., an investor \u00a0 in the Atlan Group which holds about 36.50% \u00a0of H2APEX\u2019s share capital, granted H2APEX a \u00a0comfort letter for an additional EUR 15,000,000. \u00a0Further, H2APEX agreed to pay Endurance Fund \u00a0Ltd. an arrangement fee equal to 1.00% of the \u00a0liability amount under the comfort letter. \u00a0\n
\n With notarial deed dated 31 March 2025, APEX \u00a0 Nova Holding GmbH, a 100% subsidiary of \u00a0H2APEX Group SCA, acquired all\u00a0shares of \u00a0HH2E Lubmin Werk GmbH, Lubmin along with \u00a0a strategically signi\ufb01cant hydrogen project at \u00a0the Lubmin site. H2APEX consequently expands \u00a0its industrial hydrogen business in Lubmin, \u00a0Germany\u2019s key location for the hydrogen \u00a0industry and therefore strengthens its strategic \u00a0focus on expanding the in-house hydrogen \u00a0production. \u00a0\n
\n After Prof. Dr. Matthias Beller resigned from the \u00a0 Supervisory Board at the end of 2024 to focus \u00a0more on research, the group announced in \u00a0February 2025 that Markus Lesser will be a new \u00a0member to the Supervisory Board of H2APEX \u00a0Group SCA. \u00a0\n
\n There are no other subsequent events after \u00a0 31 December 2024 to be reported. \u00a0\n
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:391200TZVOLI3RYBWS74",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
}
}
}
}