9. Financial income and expenses
| in thousand EUR | 2025 | 2024 | ||
|---|---|---|---|---|
| Financial income | ||||
| Interest income from associates | – | 127 | ||
| Other financial income | 49 | 69 | ||
| Total financial income | 49 | 196 | ||
| Financial expenses | ||||
| Interest expenses | 1 110 | 846 | ||
| Recycling of unrealized currency translation effects | 3 799 | – | ||
| Foreign-exchange losses/(gains), net | 448 | –842 | ||
| Other financial expenses | –5 | 106 | ||
| Total financial expenses | 5 352 | 110 |
Financial expenses include a one-time item arising from the reclassification of cumulative currency translation adjustments (CTA) to profit or loss following the deconsolidation of Precious Woods Management Ltd, BVI, in accordance with IAS 21. The reclassification has no effect on cash flow.