Consolidated statement of comprehensive income IFRS

EUR thousand1.1.-31.12.20231.1.-31.12.2022
Revenue141,318132,948
Other income350
Materials and services-59,724-56,846
Employee benefit expenses-26,345-25,117
Depreciation and amortization-6,635-5,621
Other expenses-23,903-19,646
Operating profit24,74725,719
Finance income278122
Finance expenses-1,265-1,089
Net finance expenses-987-967
Profit (-loss) before taxes23,76024,751
Paid group contribution-3,016-2,961
Income taxes-4,234-4,474
Profit (-loss) for the financial year16,51017,316
Other comprehensive income
Items that may be subsequently reclassified to profit or loss
Translation differences-26-12
Total comprehensive income16,48417,304

Consolidated statement of financial position IFRS

ASSETS

EUR thousand1.1.-31.12.20231.1.-31.12.2022
Non-current assets
Intangible assets27,26818,158
Goodwill796741
Tangible assets3,7394,332
Right-of-use asset3,2493,002
Deferred tax assets427478
Total non-current assets35,47926,710
Current assets
Inventories24,47726,117
Other receivables37,71029,323
Prepayments1,2531,530
Deferred tax assets880
Cash and cash equivalents7,3714,085
Total current assets70,89860,218
TOTAL ASSETS106,37786,928

EQUITY AND LIABILITIES

EUR thousand1.1.-31.12.20231.1.-31.12.2022
Share capital1,0001,000
Reserves6,9446,944
Translation difference337
Retained earnings47,00630,772
Total equity71,49456,039
LIABILITIES
Non-current liabilities
Long term loans185308
Long term Provisions880574
Non-current lease liabilities1,7161,499
Deferred tax liabilities309154
Total non-current liabilities3,0892,535
Current liabilities
Short term loans5,0620
Short-term interest-free liabilities22,88624,499
Current lease liabilities1,5971,559
Deferred taxes1,8641,593
Short term Provisions386704
Total current liabilities31,79428,355
Total liabilities34,88430,890
TOTAL EQUITY AND LIABILITIES106,37786,928

Consolidated statement of cash flow IFRS

EUR thousand1.1.-31.12.20231.1.-31.12.2022
Cash flows from operating activities
Profit (-loss) for the financial year16,51017,316
Adjustments:
Depreciation and amortization6,6355,621
Unrealized exchange rate gains and losses-30638
Finance income-278-122
Finance expenses1,2651,089
Taxes4,2344,474
Other adjustments3,0162,961
Change in net working capital:
Change in trade and other receivables-7,711-13,234
Change in inventory1,640-6,303
Change in trade and other payables-2,0165,895
Change in provisions-12-538
Interest paid-334-204
Interest received350
Income taxes paid-4,117-4,341
Other financial items-69-82
Net cash flows from operating activities (A)18,49212,571
Cash flows from investing activities
Proceeds from sale of tangible assets1831
Purchases of tangible fixed assets-259-1,750
Purchases of intangible fixed assets-12,736-6,937
Business acquisitions0-82
Net cash flows from investing activities (B)-12,978-10,372
Cash flows from financing activities
Repayment of loans and borrowings-62-6
Proceeds from short term liabilities8,3650
Payments of short term liabilities-3,3650
Merger of business00
Payments of lease liabilities-1,851-1,697
Paid Group contribution-4,810-3,224
Net cash flows from financing activities (C)-1,723-4,927
CHANGE IN CASH AND EQUIVALENTS (A+B+C)3,790-2,728
Cash and cash equivalents, in the beginning of period4,0857,490
Net effect of exchange rate changes on cash and cash equivalents-504-677
Cash and cash equivalents, at the end of period7,3714,085