In thousands of euros

2023

2022

Net result on turnover

27,776

31,595

Adjusted for:

Depreciation

(1)

465

578

Changes in working capital

(6,832)

(3,303)

(6,367)

(2,725)

Cash flow from business operations

21,409

28,870

Interest received

(17)

5

7

Interest paid

(18)

(5,457)

(2,210)

Income tax paid

(10,225)

(2,637)

(15,677)

(4,840)

Cash flow from operating activities

5,732

24,030

Investments in:

Tangible fixed assets

(1)

(543)

(325)

Financial fixed assets

(2)

(1,800)

(194)

Disposals of:

Tangible fixed assets

(1)

(12)

21

Cash flow from investing activities

(2,355)

(498)

Redemption of long-term debt

(8)

(986)

(590)

Take-up or (redemption) of credit facility

(9)

7,234

(21,893)

Dividend paid

(26)

(10,000)

(1,180)

Share Premium Reserve

(26)

-

583

Cash flow from financing activities

(3,752)

(23,080)

Net cash flow

(375)

452

Exchange rate and translation differences on cash and cash equivalents

3

13

Changes in cash and in cash equivalents

(372)

465

Cash and in cash equivalents start of year

541

76

Cash and in cash equivalents end of year

169

541

Changes in cash and in cash equivalents

(372)

465