| |
|
|
| EUR thousand |
1.1.-31.12.2022
|
1.1.-31.12.2021 |
| Cash flows from operating activities |
| Profit (-loss) for the financial year |
17,316 |
10,921 |
| Adjustments: |
|
Depreciation and amortization |
5,621 |
4,301 |
|
Unrealized exchange rate gains and losses |
38 |
9 |
|
Finance income |
-122 |
-73 |
|
Finance expenses |
1,089 |
649 |
|
Taxes |
4,474 |
2,839 |
|
Other adjustments |
2,961 |
3,990 |
| Change in net working capital: |
|
|
|
Change in trade and other receivables |
-13,234 |
-4,651 |
|
Change in inventory |
-6,303 |
-9,557 |
|
Change in trade and other payables |
5,895 |
4,455 |
|
Change in provisions |
-538 |
330 |
| Interest paid |
-204 |
-73 |
| Interest received |
0 |
12 |
| Income taxes paid |
-4,341 |
-2,868 |
| Other financial items |
-82 |
-66 |
| Net cash flows from operating activities (A) |
12,571
|
10,219 |
|
| Cash flows from investing activities |
|
| Proceeds from sale of tangible assets |
31 |
0 |
| Purchases of tangible fixed assets |
-1,750 |
-1,495 |
| Purchases of intangible fixed assets |
-6,937 |
-4,405 |
| Business acquisitions |
-1,716 |
0 |
| Net cash flows from investing activities (B) |
-10,372
|
-5,900 |
|
| Cash flows from financing activities |
|
| Repayment of loans and borrowings |
-6 |
0 |
| Merger of business |
0 |
6 |
| Payments of lease liabilities |
-1 697 |
-1,204 |
| Paid Group contribution |
-3 224 |
-3,169 |
| Net cash flows from financing activities (C) |
-4 927
|
-4,367 |
|
CHANGE IN CASH AND EQUIVALENTS (A+B+C)
|
-2 728 |
-49 |
| |
|
|
| Cash and cash equivalents, in the beginning of period |
7 490
|
7,929 |
| Net effect of exchange rate changes on cash and cash equivalents |
-677 |
-391 |
| Cash and cash equivalents, at the end of period |
4 085
|
7,490 |
