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Ets NOEL: value indication

Line	Code	2019	2020	Change	%
Total assets	20/58	€942,104	€931,905	-€10,199	-1.1%
Fixed assets	21/28	€77,451	€50,897	-€26,554	-34.3%
Intangible fixed assets	21	€27,360	€18,240	-€9,120	-33.3%
Tangible fixed assets	22/27	€50,091	€32,657	-€17,434	-34.8%
Land and buildings	22	-	€32,252	+€32,252
Furniture and vehicles	24	-	€405	+€405
Current assets	29/58	€864,653	€881,008	+€16,355	+1.9%
Amounts receivable within one year	40/41	€764,828	€799,434	+€34,606	+4.5%
Trade receivables	40	-	€230,650	+€230,650
Other amounts receivable	41	-	€568,784	+€568,784
Cash at bank and in hand	54/58	€95,042	€64,319	-€30,723	-32.3%
Deferred charges and accrued income	490/1	-	€17,255	+€17,255
Total equity and liabilities	10/49	€942,104	€931,905	-€10,199	-1.1%
Equity	10/15	€564,055	-	-€564,055
Contributions	10/11	€92,960	€92,960	=	0.0%
Capital	10	-	€92,960	+€92,960
Issued capital	100	-	€92,960	+€92,960
Reserves	13	€45,024	€45,024	=	0.0%
Non-distributable reserves	130/1	-	€9,296	+€9,296
Legal reserve	130	-	€9,296	+€9,296
Tax-exempt reserves	132	-	€35,728	+€35,728
Profit (loss) carried forward	14	€426,071	€416,737	-€9,334	-2.2%
Amounts payable	17/49	€378,049	€377,184	-€865	-0.2%
Amounts payable after more than one year	17	€66,617	€48,666	-€17,951	-26.9%
Financial debts	170/4	-	€48,666	+€48,666
Amounts payable within one year	42/48	€311,432	€328,101	+€16,669	+5.4%
Current portion of amounts payable after more than one year	42	-	€17,951	+€17,951
Financial debts	43	-	€8,000	+€8,000
Other loans	439	-	€8,000	+€8,000
Trade debts	44	€230,258	€241,141	+€10,883	+4.7%
Suppliers	440/4	-	€241,141	+€241,141
Advances received on contracts in progress	46	-	€11,523	+€11,523
Taxes, remuneration and social security	45	-	€31,573	+€31,573
Taxes	450/3	-	€27,440	+€27,440
Remuneration and social security	454/9	-	€4,133	+€4,133
Other amounts payable	47/48	-	€17,913	+€17,913
Accrued charges and deferred income	492/3	-	€417	+€417
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€27,362	€26,554	-€808	-3.0%
Other operating charges	640/8	-	€11,780	+€11,780
Gross operating margin	9900	€56,262	€38,677	-€17,585	-31.3%
Operating profit (loss)	9901	-€286	€343	+€629
Financial income	75/76B	-	€58	+€58
Recurring financial income	75	-	€58	+€58
Financial charges	65/66B	-	€9,504	+€9,504
Recurring financial charges	65	€8,022	€9,504	+€1,482	+18.5%
Profit (loss) for the period before taxes	9903	-€8,308	-€9,103	-€795	-9.6%
Income taxes	67/77	€261	€231	-€30	-11.5%
Profit (loss) for the period	9904	-€8,569	-€9,334	-€765	-8.9%
Profit (loss) for the period to be appropriated	9905	-€8,569	-€9,334	-€765	-8.9%

Ets NOEL: value indication

Ets NOEL: value indication

Position among the sector peers

What moved between 2019 and 2020

Largest movements

Change in the result, 2019 to 2020

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

Next steps