| for the twelve months ended
December 31, |
||||||
| In 000€ | 2021 |
2020* |
||||
| Operating activities | ||||||
| Net (loss) profit for the period | 13,145 |
|
(7,192 |
) |
||
| Non-cash and operational adjustments | ||||||
| Depreciation of property plant & equipment | 15,541 |
|
14,932 |
|
||
| Amortization of intangible assets | 4,975 |
|
4,742 |
|
||
| Impairment of goodwill and intangible assets | 177 |
|
4,606 |
|
||
| Share-based payment expense | (1,036 |
) |
752 |
|
||
| Loss (gain) on disposal of property, plant & equipment | 210 |
|
10 |
|
||
| Movement in provisions | 99 |
|
137 |
|
||
| Movement reserve for bad debt and slow moving inventory | 255 |
|
516 |
|
||
| Financial income | (5,620 |
) |
(2,300 |
) |
||
| Financial expense | 4,101 |
|
5,821 |
|
||
| Impact of foreign currencies | 73 |
|
61 |
|
||
| Share in loss (gain) of a joint venture (equity method) | - |
|
39 |
|
||
| (Deferred) income taxes | 591 |
|
(1,049 |
) |
||
| Other non-current liabilities | - |
|
(1,093 |
) |
||
| Working capital adjustments | (5,890 |
) |
12,512 |
|
||
| Decrease (increase) in trade receivables and other receivables | (10,920 |
) |
9,205 |
|
||
| Decrease (increase) in inventories and contracts in progress | (1,423 |
) |
2,724 |
|
||
| Increase (decrease) in trade payables and other payables | 6,453 |
|
583 |
|
||
| Income tax paid & Interest received | (776 |
) |
(2,515 |
) |
||
| Net cash flow from operating activities | 25,843 |
|
29,979 |
|
||
| (*) | The year 2020 has been restated to reflect the final accounting of the business combination with RS Print. | ||||
| Impact on Net profit for the period is 79 k€ and impact on (Deferred) income taxes is (79) k€. | |||||
| for the twelve months ended
December 31, |
||||||
| In 000€ | 2021 |
2020 |
||||
| Investing activities | ||||||
| Purchase of property, plant & equipment | (7,934 |
) |
(11,032 |
) |
||
| Purchase of intangible assets | (3,788 |
) |
(6,618 |
) |
||
| Proceeds from the sale of property, plant & equipment & intangible assets (net) | 462 |
|
552 |
|
||
| Acquisition of subsidiary (net of cash) | (875 |
) |
(8,031 |
) |
||
| (Convertible) Loans granted | (999 |
) |
(2,836 |
) |
||
| Other equity investments in non-listed entities | - |
|
(300 |
) |
||
| Net cash flow used in investing activities | (13,133 |
) |
(28,265 |
) |
||
| Financing activities | ||||||
| Repayment of loans & borrowings | (14,277 |
) |
(13,736 |
) |
||
| Repayment of leases | (3,775 |
) |
(3,640 |
) |
||
| Capital increase | 88,117 |
|
4,112 |
|
||
| Interest paid | (2,326 |
) |
(2,268 |
) |
||
| Other financial income (expense) | 3,417 |
|
(1,356 |
) |
||
| Net cash flow from (used in) financing activities | 71,156 |
|
(16,888 |
) |
||
| Net increase/(decrease) of cash & cash equivalents | 83,866 |
|
(15,174 |
) |
||
| Cash & Cash equivalents at the beginning of the year | 111,538 |
|
128,897 |
|
||
| Exchange rate differences on cash & cash equivalents | 624 |
|
(2,184 |
) |
||
| Cash & cash equivalents at end of the year | 196,028 |
|
111,539 |
|
||
