Consolidated financial statements
Consolidated cash flow statement
in CHF thousands | Note | | 2025 | | 2024 |
Net result | | | 23 424 | | 4 648 |
Depreciation on fixed assets | 14,16 | | 17 502 | | 18 224 |
Change in provisions | 20 | | 3 914 | | ‑ 4 861 |
Non-cash result from spin-off of Paper Division | 32 | | - | | 22 326 |
Result from sale of fixed assets | | | ‑ 2 255 | | ‑ 8 777 |
Other non-cash items | | | ‑ 94 | | 1 181 |
Cash flow before change in non-financial net working capital | | | 42 491 | | 32 741 |
Change in trade receivables | 11 | | ‑ 1 677 | | 1 181 |
Change in inventories | 13 | | ‑ 2 298 | | 1 011 |
Change in other receivables, prepayments and accrued income | | | 410 | | 1 683 |
Change in trade payables | 18 | | ‑ 3 200 | | 7 690 |
Change in other payables, accrued expenses and deferred income | | | ‑ 1 656 | | 1 377 |
Cash flow from operating activities | | | 34 070 | | 45 683 |
Acquisition of subsidiaries | 31 | | ‑ 33 189 | | ‑ 32 799 |
Capital expenditures for tangible fixed assets | 14 | | ‑ 18 875 | | ‑ 21 612 |
Capital expenditures for intangible assets | 16 | | ‑ 2 371 | | ‑ 1 385 |
Disposal of tangible fixed assets | 14 | | 3 544 | | 1 970 |
Disposal of intangible assets | 16 | | - | | 7 083 |
Cash flow from investing activities | | | ‑ 50 891 | | ‑ 46 743 |
Change in current financial liabilities | 17 | | 25 113 | | 10 230 |
Issuance of non-current financial liabilities | 17 | | 723 | | 7 907 |
Purchase of treasury shares | 23 | | ‑ 318 | | ‑ 502 |
Sale of treasury shares | 23 | | - | | 11 |
Distribution to shareholders | | | ‑ 12 000 | | ‑ 24 000 |
Spin-off of Paper Division | 32 | | - | | ‑ 69 166 |
Cash flow from financing activities | | | 13 518 | | ‑ 75 520 |
Currency translation on cash and cash equivalents | | | ‑ 1 257 | | 542 |
Net change in cash and cash equivalents | | | ‑ 4 560 | | ‑ 76 038 |
Cash and cash equivalents as at 1 January | 10 | | 31 602 | | 107 640 |
Cash and cash equivalents as at 31 December | 10 | | 27 042 | | 31 602 |
The consolidated cash flow statement above comprises for the previous year the financial values indicated not only for the continued divisions Zeochem and Perlen Packaging but also for the spun-off Paper Division up until its spin-off effective 25 June 2024. See also Note 32, Spin-off of the Paper Division.
