Consolidated cash flow statement for the year ended 31 December 2025
Consolidated cash flow statement for the year ended on 31 December 2025
| (in thousands of euros) | 2025 | 2024 | ||
| Cash flow from operating activities | ||||
| Operating result | (12.303) | 8.748 | ||
| Adjustments for: | ||||
| Depreciation and amortisation (16) | 15.711 | 14.581 | ||
| Movements in provisions (9, 22) | (446) | (17) | ||
| Other movements | 0 | 528 | ||
| Changes in working capital (22): | ||||
| (increase)/decrease in trade receivables (6) | 656 | 9.158 | ||
| (increase)/decrease in prepayments (6) | (114) | 352 | ||
| (increase)/decrease in inventories (5) | (1.781) | 3.426 | ||
| increase/(decrease) in trade payables (11) | (3.290) | 2.368 | ||
| increase/(decrease) in taxes (11) | (178) | (1.204) | ||
| increase/(decrease) in accruals (11) | 5.474 | (5.484) | ||
| eliminating change in pre-acquisition working capital acquired group companies (22) | (561) | |||
| 207 | 8.617 | |||
| Cash flow generated from business operations | 3.168 | 32.457 | ||
| Interest and similar expenses paid (22) | (1.888) | (1.421) | ||
| Income tax paid (22) | (1.131) | (705) | ||
| (3.019) | (2.127) | |||
| Cash flow generated from operating activities | 149 | 30.331 | ||
| Cash flow from investing activities | ||||
| Acquisition of group companies (22) | 333 | 0 | ||
| Additions to intangible fixed assets (1) | (4.884) | (878) | ||
| Additions to tangible fixed assets (2) | (5.556) | (13.689) | ||
| Disposals of tangible fixed assets (2) | 0 | 167 | ||
| Acquisition of non-consolidated participating interest (4, 22) | (5.526) | (230) | ||
| Cash flow used in investing activities | (15.632) | (14.629) | ||
| Cash flow from financing activities | ||||
| Repayment of long-term liabilities and bank loans (10) | (830) | (843) | ||
| Lease payments (3, 22) | (6.820) | (7.762) | ||
| Drawdown (repayment) on credit facility (11) | 10.000 | (2.005) | ||
| Cash flow generated from (used in) financing activities | 2.350 | (10.610) | ||
| Exchange differences on cash and cash equivalents | (654) | 0 | ||
| (Decrease) / increase in cash and cash equivalents (21) | (13.787) | 5.091 | ||
| The movements in cash and cash equivalents are as follows: | ||||
| 2025 | 2024 | |||
| Balance as at 1 January | 23.949 | 18.858 | ||
| Change in financial year | (13.787) | 5.091 | ||
| Balance as at 31 December | 10.162 | 23.949 | ||