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Consolidated Cash Flow Statements

Consolidated cash flow statement

(thousands of €)

2024

2023

Notes

Net profit of the year

74,082

211,697

 

 

 

 

 

Adjustment for non-cash transactions

(4,909)

99,291

29

Adjustment for items to disclose separately under operating cash flow

(89,644)

(65,763)

29

Adjustment for items to disclose under investing and financing cash flows

(76,239)

(16,688)

29

Change in working capital other than deferred income

(61,445)

(31,373)

29

Cash used for other liabilities related to the disposal of subsidiaries

(3.598)

-

5

Decrease in deferred income

(255,508)

(661,062)

27

 

 

 

 

Cash used in operations

(417,261)

(463,898)

 

 

 

 

 

Interest paid

(689)

(3,809)

 

Interest received

97,518

69,907

 

Corporate taxes received/paid (-)

406

(8,170)

 

 

 

 

 

Net cash flow used in operating activities

(320,026)

(405,970)

 

 

 

 

 

Purchase of property, plant and equipment

(16,720)

(18,706)

 

Purchase of and expenditure in intangible fixed assets

(65,390)

(567)

14

Proceeds from disposal of property, plant and equipment

3

2,426

 

Purchase of financial investments

(3,349,406)

(3,390,178)

21

Investment income received related to financial investments

29,498

14,765

21

Sale of financial investments

3,668,441

3,484,411

21

Cash out from the disposal of subsidiaries, net of cash disposed of

(8,949)

-

5

Cash out from acquisition of subsidiaries, net of cash acquired

-

(7,000)

 

Acquisition of financial assets held at fair value

(36,880)

(13,965)

16

 

 

 

 

Net cash flow generated from investing activities

220,597

71,186

 

 

 

 

 

Payment of lease liabilities

(4,924)

(6,771)

25

Proceeds from capital and share premium increases from exercise of subscription rights

-

1,770

23

 

 

 

 

Net cash flow used in financing activities

(4,924)

(5,001)

 

 

 

 

 

Decrease in cash and cash equivalents

(104,353)

(339,785)

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at beginning of year

166,810

508,117

22

 

 

 

 

Decrease in cash and cash equivalents

(104,353)

(339,785)

 

 

 

 

 

Effect of exchange rate differences on cash and cash equivalents

1,782

(1,522)

 

 

 

 

 

Cash and cash equivalents at end of the year

64,239

166,810

22

The accompanying notes form an integral part of these financial statements.