Income taxes from continuing operations break down as follows:
| | |
Income taxes |
|
|---|
in EUR thousand | 2025 | 2024 |
|---|
Current tax expenses | -14,281 | -14,086 |
Deferred tax income | 5,210 | 21 |
Total income taxes | -9,071 | -14,065 |
|---|
An overview of the income taxes incurred by the discontinued operation for fiscal years 2025 and 2024 can be found in NOTE 33 – DISCONTINUED OPERATION.
For the domestic companies, the combined income tax rate in fiscal year 2025 was 30.2% (2024: 30.1%) and comprised a corporation tax rate of 15%, a solidarity surcharge of 5.5% on corporation tax and an average trade tax rate of 14.4%. The taxation of foreign subsidiaries is determined on the basis of the tax rates applicable in the respective country of domicile. Deferred taxes are calculated using the tax rates that are expected to apply or will apply in the individual countries at the time of realization.
Germany’s current corporation tax rate of 15% will be gradually reduced by one percentage point per year from 2028 to 2032 to 10%. When measuring deferred taxes of German Group companies, the tax rate expected to apply at the time of realization was used.
The income tax expense of the Group actually reported differs from the theoretical income tax expense based on the total German income tax rate for the 2025 fiscal year as follows:
| | |
Tax reconciliation |
|
|---|
in EUR thousands | 2025 | 2024 |
|---|
Profit (loss) before tax | -99,527 | -638 |
|---|
Group tax rate | 30.2% | 30.1% |
Expected income taxes | 30,082 | 192 |
|---|
Tax effects of: | | |
Tax losses and tax credits from the actual year for which no deferred income tax is recognized | -14,900 | -9,759 |
Effects from the deviation of the Group tax rate resulting mainly from different foreign tax rates | -1,648 | -2,146 |
Non-deductible expenses for tax purposes | -3,049 | -2,240 |
Other tax-free income | 96 | 573 |
Non-deductible withholding tax | -2,050 | -2,088 |
Income taxes related to prior years | 1,421 | 322 |
Deferred tax assets on prior-year loss carryforwards written down in the current fiscal year | -220 | -1,530 |
Deferred tax assets on prior-year loss carryforwards written down in the current fiscal year |
| 2,788 |
Impairment of goodwill | -15,192 |
|
Impairment of other deferred tax assets | -3,680 | -174 |
Other | 69 | -4 |
Income taxes | -9,071 | -14,065 |
|---|
The amount of income taxes directly charged or credited to other comprehensive income is broken down as follows:
| | | |
Income tax charged/credited to other comprehensive income |
|
|---|
2025 |
|---|
in EUR thousands | Before tax amount | Tax charge/credit | Net of tax amount |
Cash flow hedges gains/losses | -2,494 | 784 | -1,710 |
Remeasurements of post-employment benefit obligations | 1,040 | -230 | 810 |
Other comprehensive income | -1,454 | 554 | -900 |
|---|
| | | |
2024 |
|---|
in EUR thousands | Before tax amount | Tax charge/credit | Net of tax amount |
Cash flow hedges gains/losses | -1,566 | 420 | -1,146 |
Remeasurements of post-employment benefit obligations | -62 | -11 | -73 |
Other comprehensive income | -1,628 | 409 | -1,219 |
|---|
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.