Consolidated Cash Flow Statement

in CHF 1 000	Notes	2025	2024
Net profit		16 911	27 253
Depreciation	(5)	15 521	12 476
Impairment	(5) (6)	1 000	486
Amortisation	(6)	8 953	7 305
Interest income	(22)	–245	–592
Interest expenses	(22)	2 589	4 214
Income tax expenses	(11)	5 165	8 252
Change in provisions		–1 355	–190
Change in other non-current assets		–70	24
Change in other non-current liabilities		–1 558	-
Other non-cash-items		6 456	603
Subtotal before working capital changes		53 367	59 831
Change in inventories		24 094	25 355
Change in trade accounts receivable		–2 230	–4 937
Change in other current assets		5 707	–1 241
Change in trade accounts payable		3 363	8 351
Change in other current liabilities		–8 559	–600
Change in working capital		22 375	26 928
Income tax paid		–10 921	–8 690
Interest paid		–2 300	–3 894
Interest received		236	586
Net cash from operating activities		62 757	74 761
Purchase of property, plant and equipment		–12 882	–13 068
Proceeds from sale of property, plant and equipment		267	259
Purchase of intangible assets	(6)	–1 057	–858
Acquisition of subsidiaries, net of cash acquired	(3)	–49 922	–54 812
Net cash used in investing activities		–63 594	–68 479
Transaction costs on conversion of MCNs		–69	–748
Sales and purchase of treasury shares (net)		322	–3 236
Repayment of finance lease liabilities		–642	–227
Proceeds from borrowings short-term		6 154	10 096
Proceeds from borrowings long term		61 308	42 190
Repayment of borrowings short-term		–35 152	–29 144
Repayment of borrowings long-term		–2 847	–10 000
Net cash from financing activities		29 074	8 931
Currency translation effects		–2 960	1 095
Net increase in cash and cash equivalents		25 277	16 308
Cash and cash equivalents at the beginning of the period	(9)	74 159	57 851
Cash and cash equivalents at the end of the period	(9)	99 436	74 159