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CLOUD NINE: value indication

Line	Code	2025	2026	Change	%
Total assets	20/58	€99,558	€87,264	-€12,294	-12.3%
Fixed assets	21/28	€10,174	€8,579	-€1,595	-15.7%
Tangible fixed assets	22/27	€4,774	€3,179	-€1,595	-33.4%
Plant, machinery and equipment	23	€4,774	€3,179	-€1,595	-33.4%
Financial fixed assets	28	€5,400	€5,400	=	0.0%
Current assets	29/58	€89,384	€78,685	-€10,699	-12.0%
Stocks and contracts in progress	3	€56,909	€53,519	-€3,390	-6.0%
Stocks	30/36	€56,909	€53,519	-€3,390	-6.0%
Amounts receivable within one year	40/41	€9,759	€10,733	+€974	+10.0%
Trade receivables	40	€9,451	€9,495	+€44	+0.5%
Other amounts receivable	41	€308	€1,238	+€930	+302%
Cash at bank and in hand	54/58	€22,716	€14,433	-€8,282	-36.5%
Total equity and liabilities	10/49	€99,558	€87,264	-€12,294	-12.3%
Equity	10/15	€22,544	€18,015	-€4,528	-20.1%
Contributions	10/11	€5,000	€5,000	=	0.0%
Profit (loss) carried forward	14	€17,544	€13,015	-€4,528	-25.8%
Amounts payable	17/49	€77,014	€69,249	-€7,765	-10.1%
Amounts payable within one year	42/48	€77,014	€69,249	-€7,765	-10.1%
Financial debts	43	€30,000	€30,000	=	0.0%
Credit institutions	430/8	€30,000	€30,000	=	0.0%
Trade debts	44	€30,345	€27,070	-€3,275	-10.8%
Suppliers	440/4	€30,345	€27,070	-€3,275	-10.8%
Taxes, remuneration and social security	45	€12,805	€12,179	-€626	-4.9%
Taxes	450/3	€12,805	€8,798	-€4,006	-31.3%
Remuneration and social security	454/9	-	€3,380	+€3,380
Other amounts payable	47/48	€3,865	-	-€3,865
Remuneration, social security and pensions	62	€895	€4,667	+€3,773	+422%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€3,033	€1,595	-€1,438	-47.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)	631/4	€4,734	€2,891	-€1,843	-38.9%
Other operating charges	640/8	€279	€881	+€602	+216%
Gross operating margin	9900	€34,342	€9,891	-€24,450	-71.2%
Operating profit (loss)	9901	€25,401	-€143	-€25,544
Financial income	75/76B	€1,554	€191	-€1,363	-87.7%
Recurring financial income	75	€1,554	€191	-€1,363	-87.7%
Financial charges	65/66B	€4,141	€4,576	+€435	+10.5%
Recurring financial charges	65	€4,141	€4,576	+€435	+10.5%
Profit (loss) for the period before taxes	9903	€22,813	-€4,528	-€27,342
Income taxes	67/77	€5,270	-	-€5,270
Profit (loss) for the period	9904	€17,544	-€4,528	-€22,072
Profit (loss) for the period to be appropriated	9905	€17,544	-€4,528	-€22,072

CLOUD NINE: value indication

CLOUD NINE: value indication

Position among the sector peers

What moved between 2025 and 2026

Largest movements

Change in the result, 2025 to 2026

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

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