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Line	Code	2024	2025	Change	%
Total assets	20/58	€241,489,076	€256,759,361	+€15.3m	+6.3%
Fixed assets	21/28	€240,943,851	€247,836,687	+€6.9m	+2.9%
Intangible fixed assets	21	€0	€0	=
Tangible fixed assets	22/27	€240,943,851	€247,836,687	+€6.9m	+2.9%
Furniture and vehicles	24	€28,744	€27,036	-€1,707	-5.9%
Assets under construction and advance payments	27	€240,915,107	€247,809,651	+€6.9m	+2.9%
Financial fixed assets	28	€0	-	=
Other financial fixed assets	284/8	€0	-	=
Amounts receivable and cash guarantees	285/8	€0	-	=
Current assets	29/58	€545,225	€8,922,674	+€8.4m	+1,537%
Amounts receivable within one year	40/41	€198,907	€150,944	-€47,964	-24.1%
Trade receivables	40	€0	-	=
Other amounts receivable	41	€198,907	€150,944	-€47,964	-24.1%
Cash at bank and in hand	54/58	€337,333	€8,758,680	+€8.4m	+2,496%
Deferred charges and accrued income	490/1	€8,984	€13,051	+€4,067	+45.3%
Total equity and liabilities	10/49	€241,489,076	€256,759,361	+€15.3m	+6.3%
Equity	10/15	€28,220,328	€30,167,277	+€1.9m	+6.9%
Contributions	10/11	€30,061,500	€30,061,500	=	0.0%
Capital	10	€30,061,500	€30,061,500	=	0.0%
Issued capital	100	€30,061,500	€30,061,500	=	0.0%
Profit (loss) carried forward	14	-€29,386,600	-€31,549,388	-€2.2m	-7.4%
Investment grants	15	€27,545,428	€31,655,165	+€4.1m	+14.9%
Amounts payable	17/49	€213,268,748	€226,592,084	+€13.3m	+6.2%
Amounts payable after more than one year	17	€179,415,180	€183,998,514	+€4.6m	+2.6%
Financial debts	170/4	€179,415,180	€183,998,514	+€4.6m	+2.6%
Subordinated loans	170	€112,748,514	€127,748,514	+€15.0m	+13.3%
Credit institutions	173	€66,666,666	€56,250,000	-€10.4m	-15.6%
Other loans	174	€0	-	=
Amounts payable within one year	42/48	€33,853,568	€42,593,570	+€8.7m	+25.8%
Current portion of amounts payable after more than one year	42	€8,333,334	€18,750,000	+€10.4m	+125%
Financial debts	43	€0	€0	=
Other loans	439	€0	€0	=
Trade debts	44	€25,520,234	€23,843,570	-€1.7m	-6.6%
Suppliers	440/4	€25,520,234	€23,843,570	-€1.7m	-6.6%
Taxes, remuneration and social security	45	€0	€0	=
Taxes	450/3	€0	€0	=
Remuneration and social security	454/9	€0	€0	=
Operating income	70/76A	€1,443,211	€4,136,781	+€2.7m	+187%
Non-recurring operating income	76A	€1,443,211	€4,136,781	+€2.7m	+187%
Operating charges	60/66A	€442,050	€734,496	+€292,446	+66.2%
Goods for resale, raw materials and consumables	60	€0	-	=
Purchases	600/8	€0	-	=
Services and other goods	61	€400,059	€677,933	+€277,874	+69.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€1,922	€1,707	-€215	-11.2%
Other operating charges	640/8	€40,069	€54,856	+€14,786	+36.9%
Operating profit (loss)	9901	€1,001,160	€3,402,285	+€2.4m	+240%
Financial income	75/76B	€16,108	€13,417	-€2,691	-16.7%
Recurring financial income	75	€16,108	€13,417	-€2,691	-16.7%
Income from current assets	751	€9,901	€13,417	+€3,515	+35.5%
Other financial income	752/9	€6,207	-	-€6,207
Financial charges	65/66B	€8,120,826	€5,578,490	-€2.5m	-31.3%
Recurring financial charges	65	€8,120,826	€5,578,490	-€2.5m	-31.3%
Debt charges	650	€8,120,134	€5,523,467	-€2.6m	-32.0%
Other financial charges	652/9	€692	€55,023	+€54,331	+7,848%
Profit (loss) for the period before taxes	9903	-€7,103,558	-€2,162,788	+€4.9m	+69.6%
Profit (loss) for the period	9904	-€7,103,558	-€2,162,788	+€4.9m	+69.6%
Profit (loss) for the period to be appropriated	9905	-€7,103,558	-€2,162,788	+€4.9m	+69.6%

C-Shift: value indication

C-Shift: value indication

Position among the sector peers

What moved between 2024 and 2025

Largest movements

Change in the result, 2024 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

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