7.1 Five-year summary

			Excluding NBT	Including NBT
Operations (€ x 1,000)	2024	2023	2022	2022	2021	2020

Revenue	251,606	262,426	229,479	230,559	207,012	189,916
Revenue growth	-4%	14%	-	11%	9%	-1%
Recurring revenue¹	100,193	84,127	70,756	70,983	58,535	50,666
Growth in recurring revenue	19%	19%	-	21%	16%	14%
Recurring revenue as % of total revenue	40%	32%	31%	31%	28%	27%


Added value²	179,898	180,979	153,568	154,544	139,325	125,098
- as % of revenue	71%	69%	67%	67%	67%	66%
- per FTE	181	197	186	186	180	169

Research and development costs³	50,191	46,876	40,419	40,419	36,732	34,972
- as % of revenue	20%	18%	18%	18%	18%	18%

EBITDA excluding one-off items *	34,633	37,430	33,136	33,458	33,214	26,503
Operating profit	23,889	27,323	23,545	23,790	23,072	17,119
- as % of revenue	9%	10%	10%	10%	11%	9%
Operating profit excluding one-off items *	23,889	27,323	23,545	23,790	23,072	17,119
- as % of revenue	9%	10%	10%	10%	11%	9%
Operating profit growth	-13%	16%	-	3%	35%	-2%

Profit for the financial year⁴	18,527	21,641	18,704	18,704	18,284	13,751
- as % of revenue	7%	8%	8%	8%	9%	7%

*A specification of one-off items, as applicable, is provided in the report for the financial year to which these items relate.

1Revenue from software subscriptions (licenses) and services.
2Added value per FTE is revenue plus or less inventory movements, the cost of materials, outsourced work and logistics costs divided by the average number of FTEs.
3Research and development costs mostly relate to maintaining and further developing current products and services. The remaining costs are for research and development in relation to new products or services. Such development costs are only capitalized if the applicable IAS 38 criteria are met.

			Excluding NBT	Including NBT
Per share ¹ (in €)	2024	2023	2022	2022	2021	2020

Operating cash flow	4.39	4.56	-	2.71	4.36	4.69
Profit for the financial year	2.82	3.31	-	2.87	2.82	2.13
Profit excluding one-off items	2.82	3.31	-	2.87	2.82	2.13
Dividend *	3.20	3.20	-	3.00	3.00	4.50
Pay-out ratio	113%	97%	-	105%	106%	211%

Outstanding shares
Year-end ²	6,588,525	6,554,003	6,519,965	6,519,965	6,486,501	6,468,343
Yearly average²	6,581,074	6,546,636	6,512,369	6,512,369	6,482,444	6,465,033

Number of employees
Year-end	1,041	1,028	909	915	820	805
Yearly average	1,040	969	863	868	812	775

Number of FTEs
Year-end	999	977	866	872	786	766
Yearly average	996	921	824	829	775	741

*The dividend for 2020 includes a one-off interim dividend payment, following a previous decision to withdraw the dividend proposal for 2019 on account of the COVID-19 pandemic.

1Based on the average number of outstanding shares; dividend is based on the number of outstanding shares at the end of the financial year.
2Explained in note 7 to the consolidated financial statements.

			Excluding NBT	Including NBT
Financing (€ x 1,000)	2024	2023	2022	2022	2021	2020


Net debt	9,643	3,844	-3,354	-3,483	-15,615	-11,579
Net debt-to-EBITDA excluding one-off items	0.3	0.1	-0.1	-0.1	-0.5	-0.4
Shareholders' equity¹	83,703	85,331	81,194	81,194	80,306	73,253
Balance sheet total	137,382	139,866	134,488	134,677	131,511	119,076

Solvency²	61%	61%	60%	60%	61%	62%

1Net working capital is current assets excluding cash and cash equivalents, less employee benefits, provisions, deferred tax liabilities, income tax payable, taxation and social security contributions, lease liabilities, trade liabilities and other payables.
2Return On Invested Capital (ROIC) represents operating profit divided by the invested capital (fixed assets + net working capital - associate).

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