Consolidated cash flow statement for 2025
| Amounts x €1,000 |
Ref. |
|
2025 |
|
2024 |
| |
|
|
|
|
|
| Profit after tax |
5.8 |
|
83,941 |
|
145,642 |
| |
|
|
|
|
|
| Adjustments for: |
|
|
|
|
|
| Amortisation of intangible fixed assets |
5.1 |
18,591 |
|
14,443 |
|
| Depreciation of tangible fixed assets |
5.2 |
9,228 |
|
9,941 |
|
| Amortisation of allocated acquisition costs |
5.10 |
19,424 |
|
17,270 |
|
| Addition to technical provision |
5.10 |
544,393 |
|
541,191 |
|
| Changes in value of investments |
5.3 |
-263,068 |
|
-438,351 |
|
| Changes in value of minority interests |
5.8 |
5 |
|
46 |
|
| Other changes in equity |
5.8 |
- |
|
-1 |
|
| Changes to other provisions |
5.12 |
-11,948 |
|
-2,275 |
|
| Corporation taks |
6.11 |
33,102 |
|
-751 |
|
| Changes in tangible fixed assets |
5.2 |
-18 |
|
2,744 |
|
| |
|
349,709 |
|
144,257 |
|
| Change in working capital: |
|
|
|
|
|
| Changes in stocks |
5.4 |
693 |
|
48 |
|
| Changes in receivables |
5.5 |
39,976 |
|
-5,734 |
|
| Changes in prepayments and accrued income |
5.6 |
313 |
|
-8,712 |
|
| Changes in current liabilities |
5.14 |
-89,597 |
|
116,612 |
|
| Changes in investments |
5.3 |
-30 |
|
599 |
|
| |
|
-48,645 |
|
102,813 |
|
| |
|
|
301,064 |
|
247,070 |
| Total cashflow from business operations |
|
|
385,005 |
|
392,712 |
| |
|
|
|
|
|
| Interest received |
|
1,564 |
|
2,749 |
|
| Interest paid |
|
-480 |
|
-261 |
|
| Corporation tax received |
|
900 |
|
22,987 |
|
| |
|
|
1,984 |
|
25,475 |
| Cash flow from operating activities |
(a) |
|
386,990 |
|
418,187 |
| |
|
|
|
|
|
| Investments and acquisitions |
|
|
|
|
|
| - in intangible fixed assets |
5.1 |
-24,314 |
|
-26,732 |
|
| - in participating interests |
5.3 |
- |
|
- |
|
| - in real estate |
5.3 |
-17,559 |
|
-11,772 |
|
| - in other financial investments |
5.3 |
-3,260,912 |
|
-2,864,904 |
|
| - in tangible fixed assets |
5.2 |
-14,216 |
|
-21,885 |
|
| - in other financial investments |
5.3 |
-69,549 |
|
-64,592 |
|
| - in acquisition of DFW Group B.V. |
|
-14,184 |
|
- |
|
| |
|
|
-3,400,734 |
|
-2,989,885 |
| |
|
|
|
|
|
| Disposals and repayments |
|
|
|
|
|
| - in intangible fixed assets |
5.1 |
- |
|
- |
|
| - in participating interests |
5.3 |
- |
|
198 |
|
| - in real estate |
5.3 |
17,543 |
|
23,940 |
|
| - in other financial investments |
5.3 |
3,047,991 |
|
2,498,988 |
|
| - in tangible fixed assets |
5.2 |
8,413 |
|
10,021 |
|
| - in other financial investments |
5.3 |
7,194 |
|
- |
|
| |
|
|
3,081,141 |
|
2,533,147 |
| Cashflow from investment activities |
(b) |
|
-319,593 |
|
-456,738 |
| |
|
|
|
|
|
| Cash flows from minority interests |
5.8 |
- |
|
1 |
|
| Repayment of non-current liabilities |
5.13 |
-8,891 |
|
276 |
|
| Cash flow from financing activities |
(c) |
|
-8,891 |
|
277 |
| |
|
|
|
|
|
| Net change in cash and cash equivalents |
(a)+(b)+(c) |
|
58,506 |
|
-38,274 |
| |
|
|
|
|
|
| Cash and cash equivalents at 1 January |
|
|
62,861 |
|
101,135 |
| |
|
|
|
|
|
| Cash and cash equivalents at 31 December |
|
|
121,367 |
|
62,861 |
