Intangible assets within the Group increased by EUR 4,672 thousand, primarily due to advance payments made by Uzin Utz SE in connection with the migration to SAP S/4 HANA.

The decrease in property, plant, and equipment of EUR 5,907 thousand is mainly due to negative currency effects resulting from the weaker U.S. dollar as of the reporting date.

Capital expenditures on property, plant, and equipment and intangible assets, excluding right-of-use assets, totaled EUR 21,102 thousand (14,664) in the reporting year. Expenditures on property, plant, and equipment increased significantly compared with the previous year, while expenditures on intangible assets—particularly software—rose even more sharply.

Other long-term financial assets saw a EUR 2,325 thousand increase in 2025, primarily due to the rise in equity investments and shares in affiliated, non-consolidated companies. While Uzin Utz SE's acquisition of a minority stake in ConBotics GmbH, based in Berlin, increased the carrying amount of equity investments, the shares in affiliated, non-consolidated companies rose as a result of Pallmann GmbH's acquisition of BIOFA Naturprodukte W. Hahn GmbH, based in Bad Boll.

After maintaining steady inventory levels in 2024, they experienced a moderate increase to EUR 8,330 thousand in 2025. This is primarily attributable to preparations for the market launch of various product segments in the United States. Additionally, U.S. tariff increases triggered "front-loading effects." Despite the reduction in inventory at Uzin Utz North America, Inc., the year-over-year comparison shows an increase in overall inventory levels. The strategic inventory accumulation at Uzin Utz Nederland contributed to the company's substantial revenue growth in 2025. Concurrently, the procurement markets have stabilized, and material availability has improved. The objective is to minimize inventory volatility to ensure consistent delivery capabilities.

As of the reporting date, trade receivables had increased by EUR 6,006 thousand compared to the previous year. In absolute terms, the receivables of the two production companies, Uzin Utz North America, Inc. and Uzin Utz Schweiz AG, as well as the sales company Uzin Utz ČR s.r.o., saw the sharpest increase. Concurrently, external sales for the American and Czech companies demonstrated slight to moderate growth, respectively. In the 2025 reporting year, the Group maintained its commitment to strict receivables management. There was a slight increase in sales revenue, and the average collection period rose slightly to 29 days (27). This contributed to an increase in receivables.

The company's current income tax receivables decreased by EUR 767 thousand year-over-year, from EUR 5,715 thousand to EUR 4,948 thousand. This is due to the refund of excess tax prepayments for the 2023 fiscal year. Additionally, the increase in accounts receivable from 2025 was comparatively modest.

Other current financial and non-financial assets increased from EUR 9,022 thousand to EUR 11,684 thousand in 2025. This growth can be attributed primarily to Uzin Utz SE's strategic investment in a sustainable modular construction company at the end of the year in the form of a convertible loan.

The information on segment investments includes intangible assets (excluding goodwill) as well as property, plant and equipment and right-of-use assets.

Investments in the Germany segment continued to rise in 2025, recording the highest absolute increase at a total of EUR 5,513 thousand. This was primarily driven by increased spending in the installation systems segment. Expenditures in this area increased by 53.9 % year-over-year, reaching a total of EUR 11,389 thousand. This growth is primarily attributed to software investments by Uzin Utz SE in connection with the migration to SAP S/4 HANA.

In the Netherlands segment, total investments increased by EUR 401 thousand. The flooring systems segment saw an increase of EUR 887 thousand, attributable to investments by Uzin Utz Nederland B.V. in sustainable and energy-efficient building technology, as well as to the construction of a green parking infrastructure in Haaksbergen.

Investments in the U.S. segment remained largely stable in 2025 compared to the previous year. In addition to targeted production investments by Uzin Utz North America, Inc., investments were also made in electric vehicles.

In Western Europe, following a relatively sharp increase in 2024, investments experienced their most significant absolute decline in 2025, amounting to EUR 1,946 thousand. This decline is primarily attributable to the decrease in investments by Uzin Utz France SAS and Uzin Utz United Kingdom Ltd., whose additions to rights of use have fallen.