19. Cash and Cash Equivalents

Cash and cash equivalents

EUR thousand

 

12/31/2024

 

12/31/2023

Overnight loans and short-term time deposits

 

83,252

 

30,860

Current account balances

 

51,700

 

9,041

Cash

 

8

 

31

Total

 

134,960

 

39,932

Cash and cash equivalents are subject to the impairment requirements of IFRS 9. No impairment was recognized, as the cash and cash equivalents are primarily held with banks in the European Union and mainly in euros, and the requirements have no material impact. As there have been no bad debts in the past and no indications of future bad debts, they are recognized at nominal value.

Bank balances earn interest at floating rates for demand deposits. Short-term deposits are made for periods varying between one day and one month, depending on the immediate cash requirements of the Group. They earn interest at the current short-term deposit interest rate.

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