LJSE:VZZR Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-1.18	-1.64	-19.18	2.73
Depreciation & Amortization	1.15	0.9	2.26	2.03
Other Amortization	0	-	0.03	0.02
Gain (Loss) on Sale of Assets	-	-0.36	-0.3	-
Change in Accounts Receivable	-0.85	-30.03	-36.39	-12.93
Reinsurance Recoverable	-0.03	-0.1	3.52	-0.04
Change in Income Taxes	-	-	-0.15	-1.28
Change in Other Net Operating Assets	-0.55	14.26	-11.56	-1.28
Other Operating Activities	-1.32	1.39	0.74	1.92
Operating Cash Flow	-2.96	-19.2	-53.74	-7.23
Capital Expenditures	-1.59	-1.92	-1.35	-1.58
Sale of Property, Plant & Equipment	0.04	0.14	0.14	0.83
Purchase / Sale of Intangible Assets	-0.91	-0.46	-0.64	-0.36
Cash Acquisitions	-	-	-	-3.22
Investment in Securities	22.74	20.96	55.43	9.08
Other Investing Activities	0.74	0.97	1.21	2.17
Investing Cash Flow	21.02	19.69	54.79	6.93
Long-Term Debt Issued	0.11	0.35	-	-
Total Debt Repaid	-16.72	-0.78	-0.89	-0.92
Net Debt Issued (Repaid)	-16.61	-0.43	-0.89	-0.92
Common Dividends Paid	-0.09	-	-0.11	-
Other Financing Activities	-0.3	-0.06	-0.06	0.05
Financing Cash Flow	-17	-0.49	-1.06	-0.87
Miscellaneous Cash Flow Adjustments	-0	-	-0	0
Net Cash Flow	1.06	0	-0.01	-1.17
Free Cash Flow	-4.55	-21.12	-55.09	-8.8
Free Cash Flow Margin	-13.44%	-66.24%	-219.79%	-51.78%
Free Cash Flow Per Share	-0.25	-	-	-
Cash Interest Paid	0.05	0.06	0.06	0.02
Cash Income Tax Paid	0	-0.7	0.15	1.28
Levered Free Cash Flow	17.32	-41.55	-17.06	-
Unlevered Free Cash Flow	17.37	-41.48	-17.01	-
Change in Working Capital	-1.64	-19.56	-40.46	-15.17