Financing cash flow (CFF) groups the receipts and payments related to the company's financial structure: loans received or repaid, share issues, dividend payments and other transactions with shareholders or banks. A positive CFF indicates an inflow of funds through borrowing or a capital increase, while a negative CFF reflects loan repayments, dividend payments or share buybacks. This block is key to understanding whether growth relies on own or external funds, and whether the company repays debt with money generated by operations or needs constant refinancing.

• Loans received/repaid
• Shareholder contributions
• Dividends paid

• Positive CFF → inflow of financing or capital increase.
• Negative CFF → debt repayment or dividend payouts.
• Highly volatile CFF → dependence on external financing or continuous refinancing.

• CFO
• CFI
• Financial leverage
• Net debt