CONSOLIDATED CASH FLOW STATEMENT

  notes 2018 / 2019 2017 / 2018
       
x EUR 1.000      
       
Operating result   13,675 7,460
       
Adjusted for:      
Depreciation/amortisation 1, 2 > 4,287 4,547
Changes in provisions 11 > 36 -141
Changes in working capital   -850 677
Cash flows from business operations   17,148 12,543
       
Interest received 19 > 1,962 839
Dividend received   104 17
Interest paid 20 > -2,067 -831
Income tax paid/received 21 > -1,255 -3,451
Cash flow from operating activities  

15,892

9,117
Investments in:      
Intangible fixed assets 1, 2 > -3,522 -3,250
Financial fixed assets 3 > - -402
Investments in existing participations 3 > -770 -152
Tangible fixed assets 2 > -3,347 -2,927
Disposals of tangible fixed assets 2 > 373 277
Cash flow from investing activities  

-7,266

-6,454
Financing activities      
Dividend paid   -3,135 -5,486
Cash flow from financing activities   -3,135 -5,486
       
Net cash flow   5,491 -2,823

Currency and exchange rate differences
  -320
-406
       
Changes in cash and cash equivalents   5,171 -3,229
       
Cash and cash equivalents at the beginning of the year 9 > 25,232 28,461
Changes in cash and cash equivalents 9 > 5,171 -3,229
       
Cash and cash equivalents at the end of the year 9 > 30,403 25,232