| for the three months ended
March 31, |
|||||
| In 000€ | 2024 |
2023 |
|||
| Operating activities | |||||
| Net (loss) profit for the period | 3,585 |
|
3,715 |
|
|
| Non-cash and operational adjustments | 4,637 |
|
6,112 |
|
|
| Depreciation of property plant & equipment | 3,765 |
|
3,637 |
|
|
| Amortization of intangible assets | 1,672 |
|
1,674 |
|
|
| Impairment of goodwill and intangible assets | - |
|
- |
|
|
| Share-based payment expense | 71 |
|
- |
|
|
| Loss (gain) on disposal of intangible assets and property, plant & equipment | (132 |
) |
(22 |
) |
|
| Movement in provisions | 79 |
|
(618 |
) |
|
| Movement reserve for bad debt and slow moving inventory | 188 |
|
109 |
|
|
| Financial income | (2,309 |
) |
(767 |
) |
|
| Financial expense | 797 |
|
1,375 |
|
|
| Impact of foreign currencies | (5 |
) |
6 |
|
|
| (Deferred) income taxes | 510 |
|
717 |
|
|
| Working capital adjustments | 1,029 |
|
850 |
|
|
| Decrease (increase) in trade receivables and other receivables | 3,712 |
|
3,363 |
|
|
| Decrease (increase) in inventories and contracts in progress | (10 |
) |
262 |
|
|
| Increase (decrease) in deferred revenue | 643 |
|
1,368 |
|
|
| Increase (decrease) in trade payables and other payables | (3,315 |
) |
(4,142 |
) |
|
| Income tax paid & Interest received | 718 |
|
367 |
|
|
| Net cash flow from operating activities | 9,970 |
|
11,044 |
|
|
| for the three months ended
March 31, |
|||||
| In 000€ | 2024 |
2023 |
|||
| Investing activities | |||||
| Purchase of property, plant & equipment | (2,525 |
) |
(2,532 |
) |
|
| Purchase of intangible assets | (306 |
) |
(738 |
) |
|
| Proceeds from the sale of property, plant & equipment & intangible assets (net) | 206 |
|
100 |
|
|
| Acquisition of subsidiary (net of cash) | - |
|
- |
|
|
| Net cash flow used in investing activities | (2,624 |
) |
(3,171 |
) |
|
| Financing activities | |||||
| Repayment of loans & borrowings | (4,876 |
) |
(5,635 |
) |
|
| Repayment of leases | (757 |
) |
(859 |
) |
|
| Capital increase | - |
|
- |
|
|
| Interest paid | (358 |
) |
(417 |
) |
|
| Other financial income (expense) | (5 |
) |
(108 |
) |
|
| Net cash flow from (used in) financing activities | (5,997 |
) |
(7,019 |
) |
|
| Net increase/(decrease) of cash & cash equivalents | 1,348 |
|
854 |
|
|
| Cash & Cash equivalents at the beginning of the year | 127,573 |
|
140,867 |
|
|
| Exchange rate differences on cash & cash equivalents | (22 |
) |
(1 |
) |
|
| Cash & cash equivalents at end of the period | 128,899 |
|
141,720 |
|
|
