In thousands of euros

2022

2021

Net result on turnover

31,595

7,152

Adjusted for:

Depreciation

(1)

578

504

Changes in working capital

(3,303)

2,017

(2,725)

2,521

Cash flow from business operations

28,870

9,674

Interest received

(15)

7

-

Interest paid

(16)

(2,210)

(1,500)

Income tax paid

(2,637)

(1,507)

(4,840)

(3,007)

Cash flow from operating activities

24,030

6,667

Investments in:

Tangible fixed assets

(1)

(325)

(460)

Financial fixed assets

(2)

(194)

-

Disposals of:

Tangible fixed assets

(1)

21

39

Cash flow from investing activities

(498)

(421)

Redemption of long-term debt

(7)

(590)

(515)

Take-up or (redemption) of credit facility

(8)

(21,893)

(5,738)

Dividend paid

(24)

(1,180)

-

Share Premium Reserve

(24)

583

-

Cash flow from financing activities

(23,080)

(6,253)

Net cash flow

452

(7)

Exchange rate and translation differences on cash and cash equivalents

13

1

Changes in cash and in cash equivalents

465

(6)

Cash and in cash equivalents start of year

76

81

Cash and in cash equivalents end of year

541

76

Changes in cash and in cash equivalents

465

(6)