Key figures 2024
Group key figures
| 1.000 EUR | Q4/ 2024 |
Q4/ 2023 |
Change % | H2/ 2024 |
H2/ 2023 |
Change % | Financial period 2024 | Financial period 2023 | Change % |
| Revenue | 2 893 | 2 810 | 3 % | 5 719 | 5 630 | 2 % | 11 363 | 11 296 | 1 % |
| Recurring Revenue 1 | 2 700 | 2 712 | 0 % | 5 384 | 5 407 | 0 % | 10 748 | 10 774 | 0 % |
| Contract Revenue | 2 231 | 2 171 | 3 % | 4 474 | 4 342 | 3 % | 8 887 | 8 578 | 4 % |
| Transaction Revenue | 469 | 541 | -13 % | 910 | 1 065 | -15 % | 1 861 | 2 195 | -15 % |
| EBITDA | 152 | 781 | -80 % | 1 394 | 1 653 | -16 % | 2 737 | 2 478 | 10 % |
| EBITDA, % of revenue | 5 % | 28 % | 24 % | 29 % | 24 % | 22 % | |||
| Adjusted EBITDA 2 | 585 | 799 | -27 % | 1 462 | 1 772 | -17 % | 2 917 | 2 654 | 10 % |
| Adj. EBITDA, % of revenue | 20 % | 28 % | 26 % | 31 % | 26 % | 23 % | |||
| EBIT | -254 | 225 | -213 % | 449 | 562 | -20 % | 749 | 293 | 156 % |
| EBIT, % of revenue | -9 % | 8 % | 8 % | 10 % | 7 % | 3 % | |||
| Adjusted EBIT 3 | 179 | 243 | -26 % | 605 | 681 | -11 % | 1 016 | 469 | 117 % |
| Adj. EBIT, % of revenue | 6 % | 9 % | -28 % | 11 % | 12 % | -13 % | 9 % | 4 % | 115 % |
| Profit/loss for the period | -277 | 222 | -225 % | 384 | 500 | -23 % | 619 | 177 | 250 % |
| Profit/loss, % of revenue | -10 % | 8 % | 7 % | 9 % | 5 % | 2 % | |||
| Profit/loss for the period excluding goodwill depreciations | -137 | 362 | -138 % | 664 | 780 | -15 % | 1 178 | 734 | 60 % |
| Rule of 40, % | 8 % | 25 % | 26 % | 31 % | 25 % | 24 % | |||
| Rule of 40, (Adj.) % 2 | 23 % | 26 % | 27 % | 33 % | 26 % | 25 % | |||
| Operational cash flow | 2 397 | 1 117 | 115 % | 3 752 | 2 016 | 86 % | |||
| Equity ratio, % | 70 % | 66 % | |||||||
| Return on equity (ROE), % | 8 % | 3 % |
| 1 Recurring revenue is divided into two parts: contract revenue (fixed usage fees and service agreements) and transaction revenue. |
| 2 Adjusted EBITDA for Q4 2024 includes an adjustment of EUR 433 thousand for non-recurring restructuring costs. Adjusted EBITDA 2024 includes an adjustment of EUR 524 thousand for extraordinary income and EUR 703 thousand for non-recurring restructuring costs. |
| 3 Adjusted EBIT for Q4 2024 includes an adjustment of EUR 433 thousand for non-recurring restructuring costs. Adjusted EBIT 2024 includes an adjustment of EUR 524 thousand for extraordinary income and EUR 791 thousand for non-recurring restructuring costs. |
Group income statement (FAS)
| Thousand euros | H2/2024 | H2/2023 | Year 2024 | Year 2023 |
| Revenue | 5 719 | 5 630 | 11 363 | 11 296 |
| Other operating income | 539 | 12 | 575 | 16 |
| Materials and services | -899 | -833 | -1 779 | -1 639 |
| Staff expensess | -2 460 | -2 007 | -4 929 | -4 793 |
| Other operating expenses | -1 506 | -1 149 | -2 494 | -2 401 |
| Depreciation and reduction in value | -1 043 | -1 090 | -2 067 | -2 171 |
| Share of results of associated companies | 98 | -1 | 78 | -14 |
| Operating profit (EBIT) | 449 | 562 | 749 | 293 |
| Finance income and expenses | -20 | -47 | -58 | -101 |
| Profit before taxes | 429 | 515 | 692 | 191 |
| Income taxes | -46 | -15 | -73 | -15 |
| Profit for the period | 384 | 500 | 619 | 177 |
| Earnings per share, EUR | 0,07 | 0,09 | 0,12 | 0,03 |
Group balance sheet (FAS)
| Thousand euros | 31.12.2024 | 31.12.2023 |
| ASSETS | ||
| FIXED ASSETS | ||
| Intangible assets | 8 659 | 9 546 |
| Tangible assets | 23 | 25 |
| Investments | 787 | 7 |
| TOTAL FIXED ASSETS | 9 469 | 9 578 |
| CURRENT ASSETS | ||
| Long-term receivables | 159 | 121 |
| Short-term receivables | 929 | 945 |
| Cash in hand and at banks | 769 | 439 |
| TOTAL CURRENT ASSETS | 1 857 | 1 505 |
| TOTAL ASSETS | 11 327 | 11 083 |
| LIABILITIES | ||
| EQUITY | ||
| Share capital | 4 743 | 4 743 |
| Share premium | 162 | 162 |
| Issue of shares | 0 | 379 |
| Invested unrestricted equity fund | 4 845 | 4 455 |
| Retained earnings | -2 468 | -2 617 |
| Profit (loss) for the financial year | 619 | 177 |
| TOTAL EQUITY | 7 901 | 7 298 |
| CREDITORS | ||
| Long-term creditors | 491 | 1 249 |
| Short-term creditors | 2 934 | 2 536 |
| TOTAL CREDITORS | 3 426 | 3 785 |
| TOTAL LIABILITIES | 11 327 | 11 083 |