| for the six months ended
June 30, |
||||
| In 000€ | 2024 |
2023 |
||
| Operating activities | ||||
| Net (loss) profit for the period | 7,461 |
3,221 |
||
| Non-cash and operational adjustments | 10,203 |
11,403 |
||
| Depreciation of property plant & equipment | 7,539 |
7,364 |
||
| Amortization of intangible assets | 3,204 |
3,334 |
||
| Share-based payment expense | 142 |
- |
||
| Loss (gain) on disposal of intangible assets and property, plant & equipment | (77) |
(106) |
||
| Movement in provisions | 191 |
(591) |
||
| Movement reserve for bad debt and slow moving inventory | 272 |
272 |
||
| Financial income | (4,762) |
(2,095) |
||
| Financial expense | 2,241 |
2,055 |
||
| Impact of foreign currencies | (10) |
(84) |
||
| (Deferred) income taxes | 1,462 |
1,254 |
||
| Working capital adjustments | (574) |
(3,336) |
||
| Decrease (increase) in trade receivables and other receivables | 3,134 |
4,269 |
||
| Decrease (increase) in inventories and contracts in progress | (1,029) |
81 |
||
| Increase (decrease) in deferred revenue | (1,768) |
(1,772) |
||
| Increase (decrease) in trade payables and other payables | (911) |
(5,914) |
||
| Income tax paid & Interest received | 1,280 |
531 |
||
| Net cash flow from operating activities | 18,370 |
11,818 |
||
| for the six months ended
June 30, |
||||
| In 000€ | 2024 |
2023 |
||
| Investing activities | ||||
| Purchase of property, plant & equipment | (10,475) |
(4,333) |
||
| Purchase of intangible assets | (814) |
(1,056) |
||
| Proceeds from the sale of property, plant & equipment & intangible assets (net) | - |
218 |
||
| Acquisition of subsidiary (net of cash) | 185 |
- |
||
| Net cash flow used in investing activities | (11,104) |
(5,172) |
||
| Financing activities | ||||
| Repayment of loans & borrowings | (6,841) |
(8,617) |
||
| Repayment of leases | (1,517) |
(1,744) |
||
| Interest paid | (800) |
(891) |
||
| Other financial income (expense) | 169 |
(33) |
||
| Net cash flow from (used in) financing activities | (8,989) |
(11,285) |
||
| Net increase/(decrease) of cash & cash equivalents | (1,723) |
(4,639) |
||
| Cash & Cash equivalents at the beginning of the year | 127,573 |
140,867 |
||
| Exchange rate differences on cash & cash equivalents | (358) |
57 |
||
| Cash & cash equivalents at end of the period | 125,492 |
136,284 |
||
