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

)