Consolidated statement of cash flows

EUR 000

2024/2025

2023/2024

Profit for the year

–

–

Adjustments for:

Income tax expense

13

1,369

2,238

Impairment trade receivables and contract assets

580

1,401

Depreciation and amortization

15, 16

37,834

38,424

Impairment losses on property, plant and equipment

16

517

–

Finance income

11

-1,076

-2,099

Finance expenses

12

11,295

9,339

Cash flows before movements in working capital and provisions

50,519

49,303

Change in contract assets

6

-1,777

-6,515

Change in trade and other receivables

18

780

-5,643

Change in other assets

433

408

Change in contract liabilities

6

4,421

468

Change in trade and other payables

23

-3,284

11,325

Change in provisions

22

2,334

-40,106

Change in employee benefits

9

2,467

10,165

Cash flows from operating activities

55,893

19,405

Income tax paid

-1,884

-1,934

Net cash from operating activities

54,009

17,471

Acquisition of property, plant and equipment

16

-10,683

-3,730

Investment in software

15

-1,042

-1,256

Net cash used in investing activities

-11,725

-4,986

Additional share premium paid by Coöperatie KPMG U.A.

2,550

2,460

Net proceeds of loans and borrowings from partners

21

15,546

30,008

Net proceeds of loans and borrowings from former partners

21

409

1,316

Interest paid to Coöperatie KPMG U.A. re partners and former partners

12

-5,398

-5,454

Repayment of share premium to Coöperatie KPMG U.A.

-2,250

-990

Interest and bank charges paid

12

-6,192

-4,170

Interest received

11

1,076

2,099

Payment of lease liabilities

25

-29,720

-31,187

Proceeds of employee bonds

21

1,990

1,517

Repayment of employee bonds

21

-964

-1,661

Net cash used in financing activities

-22,953

-6,062

Net change in cash and cash equivalents

19,331

6,423

Cash and cash equivalents as at October 1

142,577

136,154

Cash and cash equivalents as at September 30

19

161,908

142,577