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Line	Code	2024	2025	Change	%
Total assets	20/58	€2,608,469	€3,468,087	+€859,618	+33.0%
Fixed assets	21/28	€308,573	€267,113	-€41,460	-13.4%
Tangible fixed assets	22/27	€308,573	€267,113	-€41,460	-13.4%
Plant, machinery and equipment	23	€0	-	=
Furniture and vehicles	24	€187,394	€167,795	-€19,599	-10.5%
Other tangible fixed assets	26	€121,179	€99,318	-€21,861	-18.0%
Current assets	29/58	€2,299,896	€3,200,974	+€901,078	+39.2%
Amounts receivable within one year	40/41	€1,590,290	€2,756,967	+€1.2m	+73.4%
Trade receivables	40	€1,558,621	€2,560,734	+€1.0m	+64.3%
Other amounts receivable	41	€31,669	€196,233	+€164,565	+520%
Current investments	50/53	€350,000	€0	-€350,000	-100%
Cash at bank and in hand	54/58	€355,373	€439,021	+€83,648	+23.5%
Deferred charges and accrued income	490/1	€4,233	€4,985	+€753	+17.8%
Total equity and liabilities	10/49	€2,608,469	€3,468,087	+€859,618	+33.0%
Equity	10/15	€638,388	€1,062,881	+€424,493	+66.5%
Contributions	10/11	€157,826	€157,826	=	0.0%
Capital	10	€157,826	€157,826	=	0.0%
Issued capital	100	€157,826	€157,826	=	0.0%
Reserves	13	€480,562	€905,055	+€424,493	+88.3%
Non-distributable reserves	130/1	€15,783	€15,783	=	0.0%
Legal reserve	130	€15,783	€15,783	=	0.0%
Tax-exempt reserves	132	-	€421,000	+€421,000
Distributable reserves	133	€464,780	€468,272	+€3,493	+0.8%
Profit (loss) carried forward	14	€0	€0	=
Provisions and deferred taxes	16	€0	-	=
Provisions for liabilities and charges	160/5	€0	-	=
Other liabilities and charges	164/5	€0	-	=
Amounts payable	17/49	€1,970,081	€2,405,206	+€435,125	+22.1%
Amounts payable after more than one year	17	€150,086	€69,305	-€80,781	-53.8%
Financial debts	170/4	€150,086	€69,305	-€80,781	-53.8%
Amounts payable within one year	42/48	€1,625,647	€2,213,563	+€587,916	+36.2%
Current portion of amounts payable after more than one year	42	€109,791	€340,004	+€230,213	+210%
Financial debts	43	€125,337	€0	-€125,337	-100%
Credit institutions	430/8	€125,337	€0	-€125,337	-100%
Trade debts	44	€767,512	€1,067,811	+€300,300	+39.1%
Suppliers	440/4	€767,512	€1,067,811	+€300,300	+39.1%
Taxes, remuneration and social security	45	€346,600	€149,348	-€197,252	-56.9%
Taxes	450/3	€288,508	€101,963	-€186,545	-64.7%
Remuneration and social security	454/9	€58,092	€47,385	-€10,707	-18.4%
Other amounts payable	47/48	€276,408	€656,400	+€379,992	+137%
Accrued charges and deferred income	492/3	€194,348	€122,338	-€72,010	-37.1%
Non-recurring operating income	76A	€0	€247,506	+€247,506
Remuneration, social security and pensions	62	€586,141	€744,912	+€158,771	+27.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€85,808	€92,507	+€6,699	+7.8%
Provisions for liabilities and charges: additions (uses and reversals)	635/8	-€60,332	€0	+€60,332
Other operating charges	640/8	€20,984	€26,542	+€5,558	+26.5%
Non-recurring operating charges	66A	€222,294	€0	-€222,294	-100%
Gross operating margin	9900	€1,912,162	€2,366,183	+€454,021	+23.7%
Operating profit (loss)	9901	€1,057,266	€1,502,223	+€444,957	+42.1%
Financial income	75/76B	€11,151	€30,554	+€19,403	+174%
Recurring financial income	75	€11,151	€30,554	+€19,403	+174%
Financial charges	65/66B	€23,706	€16,502	-€7,204	-30.4%
Recurring financial charges	65	€23,706	€16,502	-€7,204	-30.4%
Profit (loss) for the period before taxes	9903	€1,044,710	€1,516,275	+€471,564	+45.1%
Income taxes	67/77	€281,039	€386,782	+€105,743	+37.6%
Profit (loss) for the period	9904	€763,672	€1,129,493	+€365,821	+47.9%
Transfer to tax-exempt reserves	689	-	€421,000	+€421,000
Profit (loss) for the period to be appropriated	9905	€763,672	€708,493	-€55,179	-7.2%

EDERGEN: value indication

EDERGEN: value indication

Position among the sector peers

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Change in the result, 2024 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

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Your EBITDA multiple

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