Consolidated Cash Flow Statements
(thousands of €) |
2024 |
2023 |
Notes |
---|---|---|---|
Net profit of the year |
74,082 |
211,697 |
|
|
|
|
|
Adjustment for non-cash transactions |
(4,909) |
99,291 |
|
Adjustment for items to disclose separately under operating cash flow |
(89,644) |
(65,763) |
|
Adjustment for items to disclose under investing and financing cash flows |
(76,239) |
(16,688) |
|
Change in working capital other than deferred income |
(61,445) |
(31,373) |
|
Cash used for other liabilities related to the disposal of subsidiaries |
(3.598) |
- |
|
Decrease in deferred income |
(255,508) |
(661,062) |
|
|
|
|
|
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) |
|
Proceeds from disposal of property, plant and equipment |
3 |
2,426 |
|
Purchase of financial investments |
(3,349,406) |
(3,390,178) |
|
Investment income received related to financial investments |
29,498 |
14,765 |
|
Sale of financial investments |
3,668,441 |
3,484,411 |
|
Cash out from the disposal of subsidiaries, net of cash disposed of |
(8,949) |
- |
|
Cash out from acquisition of subsidiaries, net of cash acquired |
- |
(7,000) |
|
Acquisition of financial assets held at fair value |
(36,880) |
(13,965) |
|
|
|
|
|
Net cash flow generated from investing activities |
220,597 |
71,186 |
|
|
|
|
|
Payment of lease liabilities |
(4,924) |
(6,771) |
|
Proceeds from capital and share premium increases from exercise of subscription rights |
- |
1,770 |
|
|
|
|
|
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 |
|
|
|
|
|
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 |
The accompanying notes form an integral part of these financial statements.