Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2025

Cash and Cash Equivalents.

Cash and Cash Equivalents

11. Cash and Cash Equivalents

	December 31,	December 31,
	2025	2024
	(€ in thousands)
Cash at banks	37,755	74,199
Deposits	37,639	75,209
Money market funds	17,019	—
Total	92,413	149,408

The cash at banks is at full disposal of the Company. Deposits are fixed for at most 3 month periods at a time. Money market funds are invested in short-term government-backed instruments with maturities up to three months at inception and are readily convertible to cash.