Statement of cash flows

At December 31, 2025

Notes

2025

2024

Cash flow from operating activities

Inflows

Interest received on loans

764

719

Interest received on short term deposits

5,141

6,930

Sales and returns of equity instruments

(4)

4,595

1,566

Dividends and fees received

1,046

142

Outflows

Disbursements on loans

(3)

-

-500

Disbursements on Capacity Development expenses

-3,220

-3,164

Investments in equity instruments

(4)

-33,706

-24,255

Management fees FMO

-3,993

-3,021

Other paid amounts

-336

-127

Net cash flow from operating activities

-29,709

-21,710

Cash flow from financing activities

Inflows

Contribution DESNZ current year

(5)

4,436

49,479

Contribution DGIS current year

(5)

20,729

-

Net cash flow from financing activities

25,165

49,479

Net change in cash & cash equivalent

-4,544

27,769

Position at January 1 1)

116,667

88,898

Position at December 31 1)

112,123

116,667

1 Cash includes current account with FMO.

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