Notes to the consolidated profit and loss account

1. Net sales

x € 1.000

2023

% Total

2022

% Total

Activities A

11,918

45%

13,517

100%

Activities B

14,341

55%

-

0%

26,259

100%

13,517

100%

Revenue includes the expected remuneration for the services provided to third parties during the year and is recognised when control of the promised service is transferred to the third party (e.g. the customer).

The revenue from consultancy activities is the revenue that comes from the professional deployment of own employees and independent external professionals. In the case of revenue from consultancy activities, the Group acts as principal in a transaction with control of a promised service before that service is transferred to the client. At the time of transfer of control, turnover is reported on a gross basis. The payment term for invoices is on average 30 days after the invoice date.

The revenue from matching activities concerns the revenue resulting from the matching of independent healthcare professionals with healthcare organisations on the internally developed portal mijnSterope and the associated revenue streams. In the case of revenue from matching activities, the Group acts as an agent and therefore only ensures that another party (independent healthcare professional) provides a service to the customer, the turnover is reported on a net basis. The payment term of invoices is on average 45 days after the invoice date.

2. Cost of turnover

x € 1.000

2023

2022

Direct personnel costs (own professionals)

5,821

6,282

Cost of external employees

1,669

2,273

Amortization and exploitation MySterope portal

2,535

-

Depreciation of lease assets

125

144

Other direct costs

881

857

11,031

9,556

Activities A

8,496

9,556

Activities B

2,535

-

11,031

9,556

3. Selling expense

x € 1.000

2023

2022

Indirect personnel costs and related costs

5,334

1,239

Advertising and marketing

673

12

6,007

1,251

4. Management costs

x € 1.000

2023

2022

Indirect personnel costs

1,572

171

Amortization of intangible assets

1,359

53

Depreciation of tangible fixed assets

184

27

Depreciation of lease assets

297

103

Housing

228

23

Other costs

1,804

779

5,444

1,156

Indirect personnel costs consist of transport costs and other non-salary related personnel costs.

Other costs include:

  • Office costs, insurance costs and other general costs;

  • Automation costs €789 thousand (2022: €170 thousand);

  • Audit and advisory fees €608 thousand (2022: €378 thousand);

  • The regular costs associated with the stock exchange listing. In 2023, these amounted to €22 thousand (2022: €22 thousand);

  • The remuneration of the Executive Board and the Supervisory Board, which are explained in the remuneration report.

Fee ABC Accountants NV

x € 1.000

2023

2022

Statutory audit current financial year

186

125

Additional work control last financial year

40

17

226

142

As of the 2020 financial year, ABC Accountants NV acts as the auditor. A fee of €186,195 was agreed for the performance of the statutory audit of the 2023 financial statements, excluding out-of-pocket costs, outsourced work, 4.0% surcharge for IT and support and excluding VAT (2021: €122,350). An amount of €39,729 was paid and recognised in 2023 (2022: €17,500 for the audit of the 2021 financial statements) in respect of agreed additional work for the audit of the 2022 financial statements.

5. Personnel costs

x € 1.000

2023

2022

The total wages and salaries, social security contributions and pension costs included in the operating result is:

Wages and salaries

9,822

6,459

Social Security

1,379

812

Pension costs and defined contribution plans

287

250

11,488

7,521

These personnel costs are accounted for in the statement of realized and unrealized results under the following headings:

Cost of sales

6,332

6,282

Indirect personnel costs

5,156

1,239

11,488

7,521

Number of employees

in FTE

2023

2022

Permanent consultants

60

73

Management of operating companies

6

2

Sale

29

3

Support

44

4

139

82

This concerns the number of employees (FTEs) at the end of the financial year, excluding independent external professionals. The costs of external hiring are accounted for under Cost of turnover. All employees work in the Netherlands.

Rewards key management

Key management is understood to mean the Board of Directors and the (former) directors of the subsidiaries. The following rewards have been paid to the key management:

x € 1.000

2023

2022

Management fee

93

104

Salary

681

314

Bonus

113

122

Pension costs

26

19

Severance pay

280

-

1,193

559

Remuneration of the Board of Directors

In 2023, the Board of Directors received a management fee of €93 thousand (2022: €104 thousand). A more detailed explanation is included in the remuneration report.

Alcyone did not provide loans and/or guarantees to/for the benefit of members of the Board of Directors. As of December 31, 2023, there are no employee options open. No employee option-related costs are included in the income statement.

Remuneration of the Supervisory Board

The Supervisory Board received a management fee of €45 thousand (2022: €53 thousand) in 2023. A more detailed explanation is included in the remuneration report.

The remuneration of the Supervisory Board is not linked to the results of the company. The amount of this remuneration is based on what is customary for a supervisory board position at comparable organisations and is in line with the market. No loans and/or guarantees were issued to members of the Supervisory Board. David Gilmour is a shareholder of Alcyone through his personal company Mesarthim Holding BV.

6. Financial income and expenses

Financial income

Interest income relates to the interest received on the loan outstanding.

Financial charges

x € 1.000

2023

2022

Interest expense on cash and cash equivalents

16

15

Interest charges on borrowings

550

0

566

15

Interest expense on lease obligations and rental assets

58

14

Total interest and similar charges

624

29

7. Income taxes

The income tax payable is broken down as follows:

x € 1.000

2023

2022

Profit taxes due current financial year

1,281

413

Profit taxes due for old financial years

-17

6

Change in deferred corporate tax

-510

-12

754

407

The table below shows how the application of the Dutch tax rate can be reduced to the effective tax burden:

x € 1.000

2023

2022

Result before tax from continuing operations

1,128

1,683

Fiscal adjustment items:

Mixed charges and fines

19

16

Investment deduction

-39

-3

Difference between commercial and tax bases:

Impairment of goodwill

1,902

Amortization Sterope portal

853

Amortization of customers

1,353

Amortization other

6

52

Taxable amount

5,222

1,748

Profit tax based on the local tax rate

1,281

413

24.5%

23.6%

Earnings per share

amounts x € 1,000 (unless otherwise indicated)
Numbers x 1,000
result per share x € 1

December 31, 2023

December 31, 2022

Net result from continuing operations

-99

1,276

Net result from discontinued operations

-

-

Result for the period attributable to shareholders

-99

1,276

Shares issued as of January 1

11,751

11,751

Effect of shares issued

6,194

-

Weighted average number of shares

17,945

11,751

Weighted average number of shares during the year

17,945

11,751

Effect of options granted

-

-

Weighted average number of shares (diluted)

17,945

11,751

Net result from continuing operations per share

-0.01

0.11

Net result from discontinued operations per share

-

-

Diluted net result from continuing operations per share

-0.01

0.11

Diluted net result from discontinued operations per share

-

-

The total number of outstanding shares at the balance sheet date is 18,401,403, consisting of 3,868,869 A shares and 14,532,534 B shares.