5.1 Consolidated financial statements
Consolidated balance sheet as of 31 December (€ x 1,000)
|
Assets |
Note |
2025 |
2024 |
||
|
Fixed assets |
|||||
|
Intangible fixed assets |
1 |
13,687 |
13,706 |
||
|
Tangible fixed assets |
2 |
45,801 |
43,845 |
||
|
Deferred tax assets |
3 |
139 |
839 |
||
|
59,627 |
58,390 |
||||
|
Current assets |
|||||
|
Inventories |
4 |
29,966 |
32,038 |
||
|
Income tax receivable |
46 |
1,974 |
|||
|
Trade and other receivables |
5 |
43,363 |
40,623 |
||
|
Cash and cash equivalents |
6 |
3,376 |
4,357 |
||
|
76,751 |
78,992 |
||||
|
136,378 |
137,382 |
||||
|
Liabilities |
|||||
|
Group equity |
|||||
|
Shareholders’ equity |
7 |
89,515 |
83,703 |
||
|
Non-current liabilities |
|||||
|
Borrowings |
8 |
- |
14,000 |
||
|
Lease liabilities |
9 |
2,933 |
756 |
||
|
Employee benefits |
10 |
1,043 |
1,061 |
||
|
Provisions |
11 |
557 |
464 |
||
|
Deferred tax liabilities |
3 |
614 |
457 |
||
|
5,147 |
16,738 |
||||
|
Current liabilities |
|||||
|
Lease liabilities |
9 |
1,489 |
988 |
||
|
Employee benefits |
10 |
82 |
59 |
||
|
Provisions |
11 |
638 |
878 |
||
|
Bank overdrafts |
12 |
- |
- |
||
|
Income tax payable |
1,098 |
161 |
|||
|
Taxation and social security contributions |
6,084 |
4,358 |
|||
|
Trade and other payables |
13 |
32,325 |
30,497 |
||
|
41,716 |
36,941 |
||||
|
Total liabilities |
46,863 |
53,679 |
|||
|
136,378 |
137,382 |
Consolidated statement of profit or loss (€ x 1,000)
|
Note |
2025 |
2024 |
|||
|
Revenue |
14 |
279,813 |
251,606 |
||
|
Cost of materials and outsourced work |
-76,736 |
-64,418 |
|||
|
Inventory movements of finished goods and work in progress |
1,627 |
-7,290 |
|||
|
-75,109 |
-71,708 |
||||
|
Added value |
204,704 |
179,898 |
|||
|
Personnel costs |
15 |
-127,873 |
-114,802 |
||
|
Amortization |
16 |
-1,576 |
-570 |
||
|
Depreciation |
17 |
-10,181 |
-9,896 |
||
|
Impairment of assets |
18 |
-566 |
-278 |
||
|
Other operating costs |
19 |
-32,763 |
-30,463 |
||
|
Operating costs |
-172,959 |
-156,009 |
|||
|
Operating result |
31,745 |
23,889 |
|||
|
Financing income |
28 |
89 |
|||
|
Financing costs |
-639 |
-1,033 |
|||
|
Net financing costs |
-611 |
-944 |
|||
|
Result before taxation |
31,134 |
22,945 |
|||
|
Taxation |
20 |
-6,548 |
-4,418 |
||
|
Result for the financial year |
24,586 |
18,527 |
|||
|
Result attributable to shareholders of Nedap N.V. |
24,586 |
18,527 |
|||
|
Average number of outstanding shares |
7 |
6,605,616 |
6,581,074 |
||
|
Earnings per ordinary share (€ x 1) |
3.72 |
2.82 |
|||
|
Diluted earnings per ordinary share (€ x 1) |
3.72 |
2.82 |
Consolidated statement of comprehensive income (€ x 1,000)
|
2025 |
2024 |
|||
|
Result for the financial year |
24,586 |
18,527 |
||
|
Unrealized result |
||||
|
Items that will (or may) be reclassified to profit or loss after initial recognition: |
||||
|
Currency translation differences |
-1,150 |
518 |
||
|
Unrealized result for the financial year, after taxation |
-1,150 |
518 |
||
|
Total realized and unrealized result for the financial year |
23,436 |
19,045 |
||
|
Total realized and unrealized result for the financial year attributable to: |
||||
|
Nedap N.V. shareholders |
23,436 |
19,045 |
Consolidated statement of cash flows (€ x 1,000)
|
Note |
2025 |
2024 |
|||
|
Cash flow from operating activities |
|||||
|
Result for the financial year |
24,586 |
18,527 |
|||
|
Adjustments for: |
|||||
|
Depreciation and amortization including impairment |
16,17,18 |
12,323 |
10,744 |
||
|
Book result on sale of tangible fixed assets |
-174 |
-154 |
|||
|
Net financing costs |
611 |
944 |
|||
|
Share-based remuneration |
2,610 |
-1,806 |
|||
|
Income taxes |
20 |
6,548 |
4,418 |
||
|
21,918 |
14,146 |
||||
|
Movements in trade and other receivables |
5 |
-3,260 |
-3,875 |
||
|
Movements in inventories |
4 |
1,519 |
7,203 |
||
|
Movements in taxation and social security contributions |
1,733 |
305 |
|||
|
Movements in trade and other payables |
1,631 |
-505 |
|||
|
Movements in employee benefits |
10 |
4 |
34 |
||
|
Movements in provisions |
11 |
-147 |
-350 |
||
|
1,480 |
2,812 |
||||
|
Interest paid |
-658 |
-950 |
|||
|
Interest received |
28 |
89 |
|||
|
Income tax paid |
-2,838 |
-5,753 |
|||
|
-3,468 |
-6,614 |
||||
|
Cash flow from operating activities |
44,516 |
28,871 |
|||
|
Cash flow from investing activities |
|||||
|
Investments in tangible fixed assets |
2 |
-7,961 |
-10,897 |
||
|
Investments in intangible fixed assets |
1 |
-2,122 |
-4,175 |
||
|
Proceeds from sale of tangible fixed assets |
534 |
367 |
|||
|
Cash flow from investing activities |
-9,549 |
-14,705 |
Consolidated statement of cash flows (€ x 1,000)
|
Note |
2025 |
2024 |
|||
|
Cash flow from financing activities |
|||||
|
Repayments on long-term borrowings and derivatives |
8,21 |
-14,000 |
- |
||
|
Lease payments |
-1,485 |
-1,211 |
|||
|
Dividend paid to shareholders of Nedap N.V. |
-21,154 |
-21,083 |
|||
|
Sale of own shares |
920 |
2,216 |
|||
|
Cash flow from financing activities |
-35,719 |
-20,078 |
|||
|
Movements in cash and cash equivalents and bank overdrafts |
-752 |
-5,912 |
|||
|
Cash and cash equivalents and bank overdrafts as of 1 January |
4,357 |
10,156 |
|||
|
Exchange differences for cash and cash equivalents and bank overdrafts |
-229 |
113 |
|||
|
Cash and cash equivalents and bank overdrafts as of 31 December |
3,376 |
4,357 |
Consolidated statement of changes in shareholders’ equity (€ x 1,000)
|
Share capital |
Legal and statutory reserves |
Other reserves |
Result attributable to shareholders |
Total shareholders’ equity |
||||||
|
Balance as of 1/1/2024 |
669 |
2,093 |
60,928 |
21,641 |
85,331 |
|||||
|
Realized result for financial year |
- |
- |
- |
18,527 |
18,527 |
|||||
|
Unrealized result for financial year |
- |
518 |
- |
- |
518 |
|||||
|
Result for financial year |
- |
518 |
- |
18,527 |
19,045 |
|||||
|
Dividend |
- |
- |
-21,083 |
- |
-21,083 |
|||||
|
Appropriation of result for previous financial year |
- |
2,485 |
19,156 |
-21,641 |
- |
|||||
|
Movement in share-based remuneration |
- |
- |
-1,806 |
- |
-1,806 |
|||||
|
Movement in own shares |
- |
- |
2,216 |
- |
2,216 |
|||||
|
Balance as of 31/12/2024 |
669 |
5,096 |
59,411 |
18,527 |
83,703 |
|||||
|
Realized result for financial year |
- |
- |
- |
24,586 |
24,586 |
|||||
|
Unrealized result for financial year |
- |
-1,150 |
- |
- |
-1,150 |
|||||
|
Result for financial year |
- |
-1,150 |
- |
24,586 |
23,436 |
|||||
|
Dividend |
- |
- |
-21,154 |
- |
-21,154 |
|||||
|
Appropriation of result for previous financial year |
- |
339 |
18,188 |
-18,527 |
- |
|||||
|
Movement in share-based remuneration |
- |
- |
2,086 |
- |
2,086 |
|||||
|
Movement in own shares |
- |
- |
1,444 |
- |
1,444 |
|||||
|
Balance as of 31/12/2025 |
669 |
4,285 |
59,975 |
24,586 |
89,515 |
Movement in own shares concerns the sale of shares held by the company itself to cover employee participation plans, plus or minus changes in shareholders’ equity relating to the recognition of liabilities under IFRS 2 regarding these employee participation plans.
Consolidated statement of changes in shareholders’ equity (€ x 1,000)
|
Share-based remuneration reserve1 |
2025 |
2024 |
|
|
Bonus depositary receipts |
603 |
627 |
|
|
10% purchase discount |
145 |
139 |
|
|
LTI Board of Directors |
146 |
- |
|
|
NAPP reserve |
1,958 |
- |
|
|
Total |
2,852 |
766 |
- 1The share-based remuneration reserve is part of ‘other reserves’ in the shareholders’ equity.
|
Legal and statutory reserves |
2025 |
2024 |
|
|
Capitalized development costs |
5,174 |
4,804 |
|
|
Exchange differences |
-901 |
280 |
|
|
Result from participations not freely distributable |
12 |
12 |
|
|
Total |
4,285 |
5,096 |
Dividend per share (€ x 1) for the 2025 financial year has been set at €3.70 (in 2024: €3.20).