Total income increased by € 5 million to € 124 million. This increase was driven mainly by acquisitions, in addition to organic business growth in various portfolios, and selective tariff adjustments.
Operating result decreased by € 3 million to € 25 million, reflecting higher operating expenses which were partly offset by higher contribution of acquisitions and organic business growth.
Operating expenses increased by € 8 million to € 102 million. This was mainly due to acquisitions and investments (including IT investments) to support the (future) organic growth of the business.
The IFRS result before tax increased by € 5 million to € 15 million, due to a less negative impact of incidentals in 2022 resulting from an impairment of goodwill in the previous year. The incidental items also include start-up costs.