| for the twelve months ended
December 31, |
||||||
| In 000€ | 2022 |
2021 |
||||
| Operating activities | ||||||
| Net (loss) profit for the period | (2,153 |
) |
13,145 |
|
||
| Non-cash and operational adjustments | ||||||
| Depreciation of property plant & equipment | 14,940 |
|
15,574 |
|
||
| Amortization of intangible assets | 7,628 |
|
4,975 |
|
||
| Impairment of goodwill and intangible assets | - |
|
177 |
|
||
| Share-based payment expense | (140 |
) |
(1,036 |
) |
||
| Loss (gain) on disposal of intangible assets and property, plant & equipment | 347 |
|
210 |
|
||
| Movement in provisions | 1,781 |
|
99 |
|
||
| Movement reserve for bad debt and slow moving inventory | (23 |
) |
255 |
|
||
| Financial income | (7,405 |
) |
(5,620 |
) |
||
| Financial expense | 5,705 |
|
4,101 |
|
||
| Impact of foreign currencies | (19 |
) |
40 |
|
||
| (Deferred) income taxes | 960 |
|
591 |
|
||
| Working capital adjustments | 3,445 |
|
(5,890 |
) |
||
| Decrease (increase) in trade receivables and other receivables | (6,245 |
) |
(10,920 |
) |
||
| Decrease (increase) in inventories and contracts in progress | (5,011 |
) |
(1,423 |
) |
||
| Increase (decrease) in deferred revenue | 10,252 |
|
2,898 |
|
||
| Increase (decrease) in trade payables and other payables | 4,449 |
|
3,555 |
|
||
| Income tax paid & Interest received | (358 |
) |
(776 |
) |
||
| Net cash flow from operating activities | 24,709 |
|
25,845 |
|
||
| for the twelve months ended
December 31, |
||||||
| In 000€ | 2022 |
2021 |
||||
| Investing activities | ||||||
| Purchase of property, plant & equipment | (21,608 |
) |
(7,934 |
) |
||
| Purchase of intangible assets | (3,165 |
) |
(3,788 |
) |
||
| Proceeds from the sale of property, plant & equipment & intangible assets (net) | 205 |
|
462 |
|
||
| Acquisition of subsidiary (net of cash) | (29,355 |
) |
(875 |
) |
||
| (Convertible) Loans granted | - |
|
- |
|
||
| Investment in subsidiary, net of cash acquired | - |
|
(999 |
) |
||
| Net cash flow used in investing activities | (53,923 |
) |
(13,134 |
) |
||
| Financing activities | ||||||
| Repayment of loans & borrowings | (20,044 |
) |
(14,277 |
) |
||
| Repayment of leases | (3,379 |
) |
(3,775 |
) |
||
| Capital increase | - |
|
88,117 |
|
||
| Interest paid | (1,990 |
) |
(2,326 |
) |
||
| Other financial income (expense) | 544 |
|
3,417 |
|
||
| Net cash flow from (used in) financing activities | (24,869 |
) |
71,156 |
|
||
| Net increase/(decrease) of cash & cash equivalents | (54,082 |
) |
83,867 |
|
||
| Cash & Cash equivalents at the beginning of the year | 196,028 |
|
111,538 |
|
||
| Exchange rate differences on cash & cash equivalents | (1,078 |
) |
624 |
|
||
| Cash & cash equivalents at end of the period | 140,867 |
|
196,028 |
|
||
