General and administrative expenses

12 Months Ended

Dec. 31, 2025

Disclosure Of Detailed Information General And Administrative Expenses [Abstract]

General and administrative expenses

4. General and administrative expenses

	2025			2024			2023
	€			€			€
Personnel expenses (Note 5)		(23,139,822	)		(18,883,708	)		(13,314,359	)
Professional fees		(8,616,327	)		(7,757,750	)		(4,689,462	)
Facilities, communication and office expenses		(5,957,027	)		(6,509,691	)		(6,031,513	)
Accounting, tax and auditing fees		(2,626,525	)		(4,017,669	)		(2,029,554	)
Travel expenses		(1,212,356	)		(2,129,631	)		(1,797,588	)
Consulting fees		(103,848	)		(858,843	)		(602,110	)
Other expenses		(3,688,693	)		(6,967,346	)		(2,874,004	)
		(45,344,598	)		(47,124,638	)		(31,338,590	)

In 2022 and 2021 the Group entered into a number of short-term rental arrangements, the expenses are included in "Other expenses".

For the year ended December 31, 2025, depreciation expense of €0.4 million (2024: €0.1 million; 2023: €0.06 million), which relate to property, plant and equipment and leases, is included in the 'Other expenses' line.