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CAPSTONE: value indication

Line	Code	31-12-2024	31-12-2025	Change	%
Total assets	20/58	€372,874	€330,860	-€42,014	-11.3%
Fixed assets	21/28	€130,776	€62,948	-€67,828	-51.9%
Tangible fixed assets	22/27	€20,838	€13,010	-€7,828	-37.6%
Plant, machinery and equipment	23	€18,944	€11,997	-€6,947	-36.7%
Furniture and vehicles	24	€1,894	€1,013	-€881	-46.5%
Financial fixed assets	28	€109,938	€49,938	-€60,000	-54.6%
Current assets	29/58	€242,098	€267,912	+€25,814	+10.7%
Amounts receivable within one year	40/41	€202,119	€190,054	-€12,065	-6.0%
Trade receivables	40	€197,307	€169,266	-€28,041	-14.2%
Other amounts receivable	41	€4,812	€20,788	+€15,976	+332%
Cash at bank and in hand	54/58	€35,502	€73,658	+€38,156	+107%
Deferred charges and accrued income	490/1	€4,477	€4,200	-€277	-6.2%
Total equity and liabilities	10/49	€372,874	€330,860	-€42,014	-11.3%
Equity	10/15	€124,921	€57,255	-€67,666	-54.2%
Contributions	10/11	€15,828	€15,827	-€1	0.0%
Reserves	13	€224,190	€124,190	-€100,000	-44.6%
Distributable reserves	133	€224,190	€124,190	-€100,000	-44.6%
Profit (loss) carried forward	14	-€118,804	-€86,206	+€32,598	+27.4%
Investment grants	15	€3,707	€3,444	-€263	-7.1%
Amounts payable	17/49	€247,953	€273,605	+€25,652	+10.3%
Amounts payable after more than one year	17	€18,886	€8,238	-€10,648	-56.4%
Financial debts	170/4	€18,886	€8,238	-€10,648	-56.4%
Amounts payable within one year	42/48	€229,067	€265,367	+€36,300	+15.8%
Current portion of amounts payable after more than one year	42	€15,501	€10,649	-€4,852	-31.3%
Financial debts	43	€125,000	€75,000	-€50,000	-40.0%
Other loans	439	€125,000	€75,000	-€50,000	-40.0%
Trade debts	44	€69,533	€32,213	-€37,320	-53.7%
Suppliers	440/4	€69,533	€32,213	-€37,320	-53.7%
Taxes, remuneration and social security	45	€18,965	€47,505	+€28,540	+150%
Taxes	450/3	€16,657	€38,778	+€22,121	+133%
Remuneration and social security	454/9	€2,308	€8,727	+€6,419	+278%
Other amounts payable	47/48	€68	€100,000	+€99,932	+146,959%
Remuneration, social security and pensions	62	€59,741	€108,053	+€48,312	+80.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€7,718	€8,448	+€730	+9.5%
Other operating charges	640/8	€5,818	€4,480	-€1,338	-23.0%
Gross operating margin	9900	€92,249	€161,494	+€69,245	+75.1%
Operating profit (loss)	9901	€18,972	€40,513	+€21,541	+114%
Financial income	75/76B	€793	€2,662	+€1,869	+236%
Recurring financial income	75	€793	€2,662	+€1,869	+236%
Financial charges	65/66B	€14,491	€8,799	-€5,692	-39.3%
Recurring financial charges	65	€14,491	€8,799	-€5,692	-39.3%
Profit (loss) for the period before taxes	9903	€5,274	€34,376	+€29,102	+552%
Income taxes	67/77	€1,437	€1,779	+€342	+23.8%
Profit (loss) for the period	9904	€3,837	€32,597	+€28,760	+750%
Profit (loss) for the period to be appropriated	9905	€3,837	€32,597	+€28,760	+750%

CAPSTONE: value indication

CAPSTONE: value indication

Position among the sector peers

What moved between 31-12-2024 and 31-12-2025

Largest movements

Change in the result, 31-12-2024 to 31-12-2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

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