← MATERIALISE NV

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Net Income — — — — — — ($2.1m) $6.7m $13.4m $7.7m
Net Income From Continuing Operations — — — — — — ($2.2m) $6.7m $13.4m $7.7m
Depreciation of property, plant & equipment $6.4m $8.8m $12.2m $14.3m $14.9m $15.6m $14.9m $15.1m $15.4m $15.3m
Amortization and impairment of intangible assets — — — — $4.7m $5.0m $7.6m $6.5m $6.4m $6.4m
Amortization Cash Flow — — — — — — $7.6m $6.5m $6.4m $6.4m
Amortization Of Intangibles — — — — — — $7.6m $6.5m $6.4m $6.4m
Depreciation — — — — — — $14.9m $15.1m $15.4m $15.3m
Depreciation Amortization Depletion — — — — — — $22.6m $21.6m $21.8m $21.7m
Income taxes and deferred taxes $1.7m $522k $425k $2.6m ($970k) $591k $975k $73k $714k ($446k)
Deferred Income Tax — — — — — — $975k $73k $714k ($446k)
Deferred Tax — — — — — — $975k $73k $714k ($446k)
Adjustments For Share-Based Payments — — — — — ($1.0m) ($140k) $39k $285k —
Impairment of goodwill and intangible assets from business combinations — — — — $4.6m $177k — $4.2m — —
Share-based payment expense $977k $1.0m $1.1m $302k $752k ($1.0m) ($140k) $39k $285k $266k
Asset Impairment Charge — — — — — — $0 $4.2m $46k $0
Adjustments For Income Tax Expense — — — — — $591k $975k $73k $714k —
Earnings (Loss)es From Equity Investments — — — — — $0 $0 $0 — —
Additional Financial Items
Adjustments For Current Tax Of Prior Period $0 $412k $0 $0 $0 — — — — —
Adjustments For Finance Costs — — — — — $4.1m $4.4m $3.9m $3.0m —
Adjustments For Finance Income — — — — — $5.6m $6.1m $5.0m $7.6m —
Adjustments For Unrealised Foreign Exchange Losses Gains — — — — — $40k ($39k) ($94k) $29k —
Goodwill $8.9m $18.4m $17.5m $20.2m $20.3m $18.7m $44.2m $43.2m $43.4m —
Interest Received Classified As Operating Activities — — — — — $376k $1.1m $4.2m $4.0m —
Payments Of Lease Liabilities Classified As Financing Activities ($1.9m) ($2.9m) ($3.1m) $5.3m $3.6m $3.8m $3.4m $3.5m $3.1m —
Proceeds From Borrowings Classified As Financing Activities $14.7m $54.3m $32.6m $29.0m $0 $0 — — — —
Proceeds From Issuing Shares — — — — — $88.1m $23k — — —
Purchase Of Intangible Assets Classified As Investing Activities — — — — — $3.8m $3.2m $2.5m $1.7m —
Repayments Of Borrowings Classified As Financing Activities ($2.8m) ($11.9m) ($18.8m) $12.1m $13.7m $14.3m $17.7m $16.7m $23.3m —
Net profit (loss) for the year ($3.0m) ($2.1m) $3.0m $1.7m ($7.3m) $13.1m ($2.2m) $6.7m $13.4m $7.7m
Government grants — — — — — — — — ($57k) ($319k)
Movement in provisions $18k $61k $5k $138k $137k $99k $1.8m ($181k) $539k ($184k)
Movement in reserve for bad debt and slow moving inventory — — — $121k $516k $255k ($23k) $499k $236k $723k
Financial income ($172k) ($381k) ($581k) ($1.4m) ($2.3m) ($5.6m) ($6.1m) ($5.0m) ($7.6m) ($4.0m)
Financial expense $983k $1.6m $2.2m $3.7m $5.8m $4.1m $4.4m $3.9m $3.0m $5.6m
Impact of foreign currencies ($400k) $302k ($299k) ($176k) $61k $40k ($39k) ($94k) $29k ($136k)
Decrease (increase) in trade receivables and other current assets ($6.5m) ($5.0m) ($3.2m) $216k $9.2m ($10.9m) ($6.3m) ($3.3m) ($1.0m) ($2.7m)
Decrease (increase) in inventories and contracts in progress ($2.5m) ($417k) $812k ($745k) $2.7m ($1.4m) ($5.0m) ($806k) ($372k) ($904k)
Increase in trade payables and other payables $9.1m $2.3m $7.3m $4.2m $583k $6.5m $12.4m ($8.4m) ($9k) ($5.3m)
Interest received — $0 $0 $355k $103k $376k $1.1m $4.2m $4.0m $4.3m
Purchase of intangible assets ($2.3m) ($4.3m) ($1.8m) ($2.2m) ($6.6m) ($3.8m) ($3.2m) ($2.5m) ($1.7m) ($2.2m)
Acquisition of subsidiary (net of cash) $0 ($27.2m) $0 ($6.3m) ($8.0m) ($875k) ($29.3m) — ($2.7m) —
Proceeds from loans & borrowings $14.7m $54.3m $32.6m $29.0m $0 $0 — — — $35.0m
Repayment of loans & borrowings $2.8m $11.9m $18.8m ($12.1m) ($13.7m) ($14.3m) ($17.7m) ($16.7m) ($23.3m) ($11.1m)
Repayment of leases $1.9m $2.9m $3.1m ($5.3m) ($3.6m) ($3.8m) ($3.4m) ($3.5m) ($3.1m) ($3.1m)
Other financial income (expense), net ($79k) ($472k) ($150k) $208k ($1.4m) $3.4m $544k ($346k) $81k ($2.1m)
Beginning Cash Position — — — — — — $196.0m $140.9m $127.6m $102.3m
Cash Flow From Continuing Financing Activities — — — — — — ($22.5m) ($22.4m) ($27.6m) $17.0m
Cash Flow From Continuing Investing Activities — — — — — — ($53.9m) ($11.0m) ($28.6m) ($9.7m)
Change In Inventory — — — — — — ($5.0m) ($806k) ($372k) ($904k)
Change In Payable — — — — — — $12.4m ($8.4m) ($9k) ($5.3m)
Change In Payables And Accrued Expense — — — — — — $12.4m ($8.4m) ($9k) ($5.3m)
Change In Receivables — — — — — — ($6.3m) ($3.3m) ($1.0m) ($2.7m)
Change In Working Capital — — — — — — $1.0m ($12.6m) ($1.4m) ($8.8m)
Changes In Account Receivables — — — — — — ($6.3m) ($3.3m) ($1.0m) ($2.7m)
Changes In Cash — — — — — — ($54.1m) ($13.2m) ($24.8m) $32.6m
End Cash Position — — — — — — $140.9m $127.6m $102.3m $133.9m
Financing Cash Flow — — — — — — ($22.5m) ($22.4m) ($27.6m) $17.0m
Free Cash Flow — — — — — — ($2.5m) $8.4m $5.1m $9.1m
Gain Loss On Sale Of PPE — — — — — — $347k ($415k) ($312k) ($85k)
Interest Received CFO — — — — — — $1.1m $4.2m $4.0m $4.3m
Investing Cash Flow — — — — — — ($53.9m) ($11.0m) ($28.6m) ($9.7m)
Issuance Of Capital Stock — — — — — $88.1m $23k $0 $0 —
Net Business Purchase And Sale — — — — — — ($29.3m) $0 ($2.7m) $0
Net Foreign Currency Exchange Gain Loss — — — — — — ($39k) ($94k) $29k ($136k)
Net Intangibles Purchase And Sale — — — — — — ($3.2m) ($2.5m) ($1.7m) ($2.2m)
Net PPE Purchase And Sale — — — — — — ($21.4m) ($8.5m) ($24.2m) ($13.7m)
Operating Gains Losses — — — — — — $308k ($509k) ($283k) ($221k)
Other Non Cash Items — — — — — — ($1.7m) ($1.1m) ($4.6m) $1.3m
Provisionand Write Offof Assets — — — — — — $1.8m $318k $775k $539k
Purchase Of Business — — — — — — ($29.3m) $0 ($2.7m) $0
Purchase Of Intangibles — — — — — — ($3.2m) ($2.5m) ($1.7m) ($2.2m)
Purchase Of PPE — — — — — $7.9m ($21.6m) ($9.2m) ($24.6m) ($14.1m)
Sale Of PPE — — — — — — $205k $723k $458k $389k
Stock Based Compensation — — — — — — ($140k) $39k $285k $266k
Profit or Loss ($3.0m) ($1.7m) $3.0m $1.7m ($7.3m) $13.1m ($2.2m) $6.7m $13.4m —
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities ($149k) $25k ($83k) $165k $10k $462k $205k $723k $458k $389k
Purchase of property, plant & equipment ($12.2m) ($27.7m) ($18.3m) ($13.5m) ($11.0m) ($7.9m) ($21.6m) ($9.2m) ($24.6m) ($14.1m)
Net Other Investing Changes — — — — — ($999k) — — $1k $6.2m
Net cash flow used in investing activities ($12.6m) ($59.2m) ($22.1m) ($25.6m) ($28.3m) ($13.1m) ($53.9m) ($11.0m) ($28.6m) ($9.7m)
Issuance Of Debt — — — — — $0 — $0 $0 $35.0m
Long Term Debt Issuance — — — — — $0 — $0 $0 $35.0m
Net Issuance Payments Of Debt — — — — — — ($21.1m) ($20.3m) ($26.4m) $20.9m
Net Long Term Debt Issuance — — — — — — ($21.1m) ($20.3m) ($26.4m) $20.9m
Long Term Debt Payments — — — — — — ($21.1m) ($20.3m) ($26.4m) ($14.1m)
Repayment Of Debt — — — — — — ($21.1m) ($20.3m) ($26.4m) ($14.1m)
Common Stock Issuance — — — — — $88.1m $23k $0 $0 —
Net Common Stock Issuance — — — — — $88.1m $23k $0 $0 —
Cash Dividends Paid — — — — — — $0 $0 $0 $0
Net Other Financing Charges — — — — — — $544k ($346k) $82k ($2.1m)
Net cash flow from financing activities $9.3m $38.0m $65.2m $10.8m ($16.9m) $71.2m ($22.5m) ($22.4m) ($27.6m) $17.0m
Exchange rate differences on cash and cash equivalents $65k ($1.5m) $908k ($175k) ($2.2m) $624k ($1.1m) ($46k) ($492k) ($1.0m)
Effect Of Exchange Rate Changes — — — — — — ($1.1m) ($46k) ($492k) ($1.0m)
Net increase/(decrease) of cash and cash equivalents $5.1m ($11.3m) $71.4m $13.6m ($15.2m) $83.9m ($54.1m) ($13.2m) ($24.8m) $32.6m
Cash and cash equivalents at beginning of the year $55.9m $43.2m $115.5m $128.9m $111.5m $196.0m $140.9m $127.6m $102.3m $133.9m
Change In Cash Supplemental As Reported — — — — — — ($54.1m) ($13.2m) ($24.8m) $32.6m
Interest Paid Classified As Financing Activities ($630k) ($955k) ($1.7m) ($2.3m) ($2.3m) $2.3m $2.0m $1.8m $1.3m ($1.7m)
Income Taxes Paid Refund Classified As Operating Activities ($530k) ($1.6m) ($1.4m) ($2.1m) ($2.6m) $1.2m $1.4m $2.7m $3.2m ($1.1m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.