| (EUR thousand) | 2018 | 2017 | |
| CASH FLOW FROM OPERATIONS | |||
| Profit (loss) before taxes | 8,008 | 8,813 | |
| Adjustments: | |||
| Planned depreciation | 1,166 | 923 | |
| Impairment of non-current assets | 0 | 57 | |
| Unrealized foreign exchange gains and losses | 33 | -39 | |
| Finance income and expenses | 76 | 151 | |
| Cash flow before change in working capital | 9,283 | 9,905 | |
| Change in working capital: | |||
| Increase (-)/decrease (+) in current non-interest-bearing trade receivables | -1,492 | -1,261 | |
| Increase (-)/decrease (+) in inventories | -2,031 | -1,406 | |
| Increase (+)/decrease (-) in current non-interest-bearing liabilities | 697 | 1,245 | |
| Cash flow from operations before financial items and taxes | 6,457 | 8,483 | |
| Interest and other expenses paid for finance expenses from operations | -270 | -349 | |
| Interest received from business operations | 166 | 166 | |
| Direct taxes paid | -2,906 | -999 | |
| Cash flow before non-recurring items | 3,447 | 7,301 | |
| Cash flow from operations (A) | 3,447 | 7,301 | |
| CASH FLOW FROM INVESTMENTS | |||
| Investments in tangible and intangible assets | -3,279 | -1,726 | |
| Loans granted | -135 | 0 | |
| Repayments of loan receivables | 100 | 0 | |
| Establishment of subsidiary | -13 | -3 | |
| Repayment of equity investment | 107 | 0 | |
| Cash flow from investments (B) | -3,220 | -1,729 | |
| CASH FLOW FROM FINANCING | |||
| Share issue | 688 | 2,402 | |
| Repayments on short-term loans | 0 | -519 | |
| Loans granted | -688 | -2,330 | |
| Long-term loan repayments | 0 | -1,307 | |
| Dividends paid and other distribution of profit | -1,786 | -1,167 | |
| Refunds of capital | -8,254 | 0 | |
| Cash flow from financing (C) | -10,040 | -2,921 | |
| CHANGE IN CASH AND CASH EQUIVALENTS (A+B+C) | -9,813 | 2,651 | |
| Cash and cash equivalents at the beginning of the financial period | 10,321 | 7,670 | |
| Cash and cash equivalents at the end of the financial period | 508 | 10,321 | |
