Financial Statement 2024

Consolidated statement of comprehensive income, IFRS

EUR thousand 1.1.-31.12.2024 1.1.-31.12.2023
Revenue 128 746 141 318
Other income 18 35
Materials and services -53 951 -59 724
Employee benefit expenses -28 930 -26 345
Depreciation and amortisation -7 920 -6 635
Other operating expenses -26 168 -23 903
Operating profit 11 795 24 747
Finance income 509 278
Finance expenses -1 108 -1 265
Net finance costs -599 -987
Profit (-loss) before taxes 11 19723 760
Paid group contribution -3 101 -3 016
Income taxes -1 720 -4 234
Profit (-loss) for the financial year 6 376 16 510
Other comprehensive income
Items that may be subsequently reclassified to profit or loss
Translation differences -256 -26
Total comprehensive income 6 120 16 484

Consolidated statement of financial position, IFRS

EUR thousand 31.12.2024 31.12.2023
Assets
Non-current assets
Intangible assets 32 993 27 268
Goodwill 600 796
Tangible assets 2 900 3 739
Right-of-use asset 3 583 3 249
Deferred tax assets 619 427
Total non-current assets  40 694 35 479
Current assets
Inventories 23 064 24 477
Other receivables 32 110 37 710
Prepayments 3 454 1 253
Deferred tax assets 1 922 88
Cash and cash equivalents 9 006 7 371
Total current assets  69 55670 898
Total assets 110 250 106 377
Equity and liabilities
Equity
Share capital 1 000 1 000
Reserves 6 944 6 944
Translation difference -222 33
Retained earnings 63 508 47 006
Profit and loss for the year 6 493 16 510
Total equity 77 722 71 494
Liabilities 
Non-current liabilities
Long term loans 123 185
Long term Provisions 949 880
Non-current lease liabilities 1 833 1 716
Deferred tax liabilities 329 309
Total non-current liabilities 3 2343 089
Current liabilities
Short term loans 62 5 062
Short-term interest-free liabilities 26 234 22 886
Current lease liabilities 1 842 1 597
Deferred taxes 45 1 864
Short term Provisions 1 113 386
Total current liabilities 29 295 31 794
Total liabilities 32 529 34 884
Total equity and liabilities 110 250 106 377

Consolidated statement of cash flow, IFRS

EUR thousand1.1.-31.12.20241.1.-31.12.2023
CASH FLOW FORM OPERATING ACTIVITIES
Profit (Loss) for the financial period 6 376 16 510
Adjustments:
Depreciation and amortisation 7 920 6 635
Unrealized exchange rate gains and losses 189 -306
Financial Income -509 -278
Financial Expense 1 108 1 265
Taxes 1 720 4 234
Other adjustments 3 101 3 016
Change in Working Capital:
Change in trade and other receivables 6 791 -7 711
Change in inventory 1 413 1 640
Change in trade and other payables 3 745 -2 016
Change in provisions 796 -12
Interest paid -208 -334
Interest received 90 35
Income tax paid -5 220 -4 117
Other financial items -88 -69
Net cash flow from operating activities (A) 27 225 18 492
Cash flow from investing activities
Income from sale of property, plant and equipment 0 18
Purchases of tangible fixed assets -600-259
Purchases of intangible fixed assets -10 843 -12 736
Business acquisitions 0 0
Net cash flow from investing activities (B) -11 443 -12 978
Cash flow from financing activities
Repayment of loans and borrowings -62 -62
Proceeds from short term liabilities 0 8 365
Payments of short term liabilities -5 000 -3 365
Merger of business 0 0
Payments of lease liabilities -2 277 -1 851
Paid Group contribution  -6 492 -4 810
Net cash flow from financing activities (C) -13 831 -1 723
CHANGE IN CASH AND EQUIVALENTS (A+B+C)1 949 3 790
Cash and cash equivalents, in the beginning of period 7 371 4 085
Net effect of exchange rate changes on cash and cash equivalents -314 -504
Cash and cash equivalents, at the end of period 9 006 7 371