XML 221 R50.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Financial instruments-fair values and risk management (Tables)
12 Months Ended
Dec. 31, 2023
Financial instruments-fair values and risk management  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

​

​

​

​

​

​

​

in EUR k

Level 1

Level 2

Level 3

Carrying value

Measurement Category

Non-current loans

—

(39,880)

—

(39,880)

Amortized Cost

Current loans

—

(25,882)

—

(25,882)

Amortized Cost

Warrants liability

—

—

(394)

(394)

FVTPL

Prepayment option derivative asset

—

—

799

799

FVTPL

Interest rate floor derivative liability

—

—

(242)

(242)

FVTPL

Schedule of profit or loss impact on the fair values of Level 3 instruments

​

​

​

​

​

​

2023

in EUR k

Shift

increase

decrease

Option (yield) - Credit Spread

+/- 10%

(144)

186

Option (yield) - Volatility

+/- 10%

94

(97)

Option (Floor) - Credit Spread

+/- 10%

6

(6)

Option (Floor) - Volatility

+/- 10%

—

—

Warrant - Volatility

+/- 5%

50

(50)

​

​

​

​

Schedule of information regarding the credit risk exposure of trade receivables and contract assets

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2023

 

​

    

​

    

​

    

​

    

​

    

Past due by

 

​

​

Total Gross

​

​

​

Past due 1 -

​

Past due 31‑ 90

​

more than 90

 

in EUR k

​

amount

​

Not past due

​

30 days

​

days

​

days

 

Middle East

 

18,820

 

8,352

​

1,143

​

1,961

​

7,364

​

Europe

 

3,490

 

3,103

​

152

​

195

​

40

​

Latin America

 

966

 

693

​

134

​

95

​

44

​

North America

 

801

 

696

​

105

​

—

​

—

​

Asia Pacific

 

240

​

161

​

35

​

43

​

1

​

Contract assets

​

181

​

181

​

—

​

—

​

—

​

Total

 

24,498

 

13,186

​

1,569

​

2,294

​

7,449

​

Expected credit loss rate

 

20.8

%  

1.0

%  

5.5

%  

10.0

%  

62.3

%

Expected credit loss

 

5,083

 

131

​

86

​

229

​

4,637

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2022

 

​

​

​

    

​

    

​

    

​

    

​

    

Past due by

 

​

​

Total Gross

​

​

​

Past due 1 -

​

Past due 31‑ 90

​

more than 90

 

in EUR k

​

amount

​

Not past due

​

30 days

​

days

​

days

 

Middle East

 

15,291

 

8,021

 

1,081

 

1,533

 

4,656

​

Europe

 

1,987

 

1,494

 

124

 

64

 

305

​

Latin America

 

825

 

742

 

62

 

12

 

9

​

North America

 

2,443

 

2,275

 

21

 

48

 

99

​

Asia Pacific

 

143

 

142

 

1

 

—

 

—

​

Contract assets

​

251

​

251

​

—

​

—

 

—

​

Total

 

20,940

 

12,925

 

1,289

 

1,657

 

5,069

​

Expected credit loss rate

 

21.0

%  

1.0

%  

3.9

%  

7.4

%  

80.8

%

Expected credit loss

 

4,392

 

124

​

50

 

122

 

4,096

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2021

 

​

​

​

    

​

    

​

    

​

    

​

    

Past due by

 

​

​

Total Gross

​

​

​

Past due 1 -

​

Past due 31‑ 90

​

more than 90

 

in EUR k

​

amount

​

Not past due

​

30 days

​

days

​

days

 

Middle East

 

13,967

​

3,999

​

1,013

​

2,056

​

6,899

​

Europe

 

11,486

​

10,771

​

351

​

259

​

105

​

Latin America

 

683

​

531

​

23

​

72

​

57

​

North America

 

2,513

​

2,513

​

—

​

—

​

—

​

Asia Pacific

 

130

​

115

​

9

​

6

​

—

​

Total

 

28,779

​

17,929

​

1,396

​

2,393

​

7,061

​

Expected credit loss rate

 

19.0%

​

2.0%

​

7.7%

​

11.7%

​

64.1%

​

Expected credit loss

 

5,317

​

403

​

107

​

280

​

4,526

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Schedule of development of impairment losses relating to trade and other receivables

​

​

​

​

​

​

​

​

in EUR k

​

2023

​

2022

​

2021

As of January 1

 

4,392

 

5,317

​

4,693

Provision/(reversal) for expected credit losses

 

761

 

(829)

​

827

Derecognition of trade receivables

​

(70)

​

(96)

​

(203)

As of December 31

 

5,083

 

4,392

​

5,317

​

Schedule of residual contractual terms of financial liabilities, including estimated interest payments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Contractually agreed cash flows

​

    

​

    

​

    

​

    

​

    

​

    

More

Dec 31, 2023

​

Carrying

​

​

​

Less than

​

2 to 12

​

1 to 5

​

than

in EUR k

​

amount

​

Total

​

2 months

​

months

​

years

 

5 years

Bank overdrafts

 

—

​

—

​

—

​

—

​

—

​

—

Secured bank loans

 

39,880

​

57,598

​

778

​

3,969

​

52,851

​

—

Convertible Loan

​

25,882

​

28,936

​

—

​

28,936

​

—

​

—

Lease liabilities

 

14,577

​

16,577

​

446

​

2,228

​

8,452

​

5,451

Trade payables

 

5,628

​

5,628

​

5,628

​

—

​

—

​

—

​

 

85,967

​

108,739

​

6,852

​

35,133

​

61,303

​

5,451

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Contractually agreed cash flows

​

    

​

    

​

    

​

    

​

    

​

    

More

Dec 31, 2022

​

Carrying

​

​

​

Less than

​

2 to 12

​

1 to 5

​

than

in EUR k

​

amount

​

Total

​

2 months

​

months

​

years

 

5 years

Bank overdrafts

​

3,374

​

3,374

​

3,374

​

—

​

—

​

—

Secured bank loans

 

41,312

​

59,473

​

678

​

3,516

​

55,279

​

—

Lease liabilities

 

15,436

​

17,713

​

552

​

2,265

​

7,967

​

6,929

Trade payables

 

6,317

​

6,317

​

6,317

​

—

​

—

​

—

​

 

66,439

 

86,877

 

10,921

 

5,781

 

63,246

 

6,929

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Contractually agreed cash flows

​

    

​

    

​

    

​

    

​

    

​

    

More

Dec 31, 2021

​

Carrying

​

​

​

Less than

​

2 to 12

​

1 to 5

​

than

in EUR k

​

amount

​

Total

​

2 months

​

months

​

years

 

5 years

Bank overdrafts

​

3,310

​

3,310

​

3,310

​

—

​

—

​

—

Secured bank loans

 

505

​

505

​

105

​

400

​

—

​

—

Lease liabilities

 

18,724

​

21,777

​

703

​

3,337

​

8,844

​

8,893

Trade payables

 

11,252

​

11,252

​

11,252

​

—

​

—

​

—

​

 

33,791

​

36,844

​

15,370

​

3,737

​

8,844

​

8,893

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Schedule of reconciliation of liabilities arising from financing activities

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

    

Non-cash changes

​

​

​

​

​

​

​

​

​

​

Changes in

​

​

in EUR k

​

Jan 1, 2023

​

Cash flows

​

Additions

​

Non cash transactions

​

Dec 31, 2023

Non-current financial liabilities

​

53,176

​

(6,771)

​

8,659

​

(2,785)

​

52,279

Non-current portion of secured bank loans

 

40,051

 

(5,987)

​

6,423

​

(607)

 

39,880

Non-current lease liabilities

 

13,125

 

(784)

​

2,236

​

(2,178)

 

12,399

Current financial liabilities

 

6,946

 

19,815

​

1,695

​

(396)

 

28,060

Current portion of secured bank loans

 

1,261

 

—

​

—

​

(1,261)

 

—

Convertible loan

​

—

​

25,500

​

1,695

​

(1,313)

​

25,882

Bank overdrafts

​

3,374

​

(3,374)

​

—

​

—

​

—

Current lease liabilities

 

2,311

 

(2,311)

​

—

​

2,178

 

2,178

Total

 

60,122

 

13,044

 

10,354

 

(3,181)

 

80,340

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-cash changes

​

​

​

    

​

    

​

    

​

    

Changes in

    

​

in EUR k

​

Jan 1, 2022

​

Cash flows

​

Additions

​

Non cash transactions

​

Dec 31, 2022

Non-current financial liabilities

 

15,394

​

36,631

​

65

​

1,086

​

53,176

Non-current portion of secured bank loans

​

—

 

38,965

​

—

​

1,086

 

40,051

Non-current lease liabilities

 

15,394

 

(2,334)

​

65

​

—

 

13,125

Current financial liabilities

 

7,145

 

(1,518)

 

1,319

 

—

 

6,946

Current portion of secured bank loans

 

505

 

(505)

​

1,261

​

—

 

1,261

Bank loans

​

—

​

—

​

—

​

—

​

—

Bank overdrafts

​

3,310

​

64

​

—

​

—

​

3,374

Current lease liabilities

 

3,330

 

(1,077)

​

58

​

—

 

2,311

Total

 

22,539

 

35,113

 

1,384

 

1,086

 

60,122

Schedule of net foreign currency exposure

​

​

​

​

​

​

​

​

​

​

​

​

Dec 31, 2023

​

​

​

​

​

​

in EUR k

    

USD

    

INR

​

AED

​

SAR

Trade receivables

​

1,283

​

—

​

—

​

—

Trade payables and other liabilities

 

(3,185)

​

—

​

—

​

—

Net exposure

 

(1,902)

​

—

​

—

​

—

​

​

​

​

​

​

​

​

​

​

​

​

Dec 31, 2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

in EUR k

​

USD

​

INR

​

AED

​

SAR

Trade receivables

    

3,720

​

8

​

—

​

—

Trade payables and other liabilities

 

(2,701)

​

—

​

—

​

—

Net exposure

 

1,019

 

8

​

—

​

—

​

​

​

​

​

​

​

​

​

​

​

​

Dec 31, 2021

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

in EUR k

​

USD

​

INR

​

AED

​

SAR

Trade receivables

    

2,604

​

8

​

—

​

—

Trade payables and other liabilities

 

(2,394)

​

(4)

​

—

​

—

Net exposure

 

210

 

4

​

—

​

—

​

​

​

​

​

​

​

​

​

​

Schedule of exchange rate sensitivity

​

​

​

​

​

​

​

​

​

​

Earnings before tax

​

Equity

in EUR k

5% increase

    

5% decrease

    

5% increase

​

5% decrease

December 31, 2023

31

​

(34)

​

31

​

(34)

December 31, 2022

(94)

​

104

​

(94)

​

104