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Line	Code	2024	2025	Change	%
Total assets	20/58	€1,426,655	€1,302,708	-€123,947	-8.7%
Fixed assets	21/28	€535,190	€21,497	-€513,693	-96.0%
Tangible fixed assets	22/27	€35,190	€21,497	-€13,693	-38.9%
Plant, machinery and equipment	23	€19,231	€18,973	-€258	-1.3%
Furniture and vehicles	24	€14,803	€2,006	-€12,797	-86.4%
Other tangible fixed assets	26	€1,156	€518	-€638	-55.2%
Financial fixed assets	28	€500,000	-	-€500,000
Current assets	29/58	€891,465	€1,281,211	+€389,747	+43.7%
Amounts receivable after more than one year	29	-	€100,000	+€100,000
Other amounts receivable	291	-	€100,000	+€100,000
Amounts receivable within one year	40/41	€435,722	€545,598	+€109,876	+25.2%
Trade receivables	40	€381,153	€481,200	+€100,047	+26.2%
Other amounts receivable	41	€54,569	€64,398	+€9,829	+18.0%
Cash at bank and in hand	54/58	€455,743	€630,602	+€174,859	+38.4%
Deferred charges and accrued income	490/1	-	€5,011	+€5,011
Total equity and liabilities	10/49	€1,426,655	€1,302,708	-€123,947	-8.7%
Equity	10/15	€1,187,901	€937,510	-€250,391	-21.1%
Contributions	10/11	€18,600	€18,600	=	0.0%
Reserves	13	€33,610	€33,610	=	0.0%
Tax-exempt reserves	132	€31,750	€31,750	=	0.0%
Distributable reserves	133	€1,860	€1,860	=	0.0%
Profit (loss) carried forward	14	€1,135,691	€885,300	-€250,391	-22.0%
Amounts payable	17/49	€238,754	€365,198	+€126,444	+53.0%
Amounts payable after more than one year	17	€17,410	-	-€17,410
Financial debts	170/4	€17,410	-	-€17,410
Amounts payable within one year	42/48	€221,343	€365,198	+€143,854	+65.0%
Current portion of amounts payable after more than one year	42	€8,700	€17,410	+€8,710	+100%
Trade debts	44	€154,663	€288,217	+€133,555	+86.4%
Suppliers	440/4	€154,663	€288,217	+€133,555	+86.4%
Taxes, remuneration and social security	45	€53,893	€55,483	+€1,590	+2.9%
Remuneration and social security	454/9	€53,893	€55,483	+€1,590	+2.9%
Other amounts payable	47/48	€4,087	€4,087	=	0.0%
Non-recurring operating income	76A	€4,189	-	-€4,189
Remuneration, social security and pensions	62	€508,771	€514,952	+€6,181	+1.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€37,983	€22,574	-€15,409	-40.6%
Other operating charges	640/8	€30,030	€13,462	-€16,568	-55.2%
Gross operating margin	9900	€1,027,903	€1,071,501	+€43,599	+4.2%
Operating profit (loss)	9901	€451,118	€520,513	+€69,395	+15.4%
Financial income	75/76B	€8,215	€9,620	+€1,405	+17.1%
Recurring financial income	75	€8,215	€9,620	+€1,405	+17.1%
Financial charges	65/66B	€3,234	€7,404	+€4,170	+129%
Recurring financial charges	65	€3,234	€7,404	+€4,170	+129%
Profit (loss) for the period before taxes	9903	€456,099	€522,730	+€66,630	+14.6%
Income taxes	67/77	€120,256	€134,173	+€13,916	+11.6%
Profit (loss) for the period	9904	€335,843	€388,557	+€52,714	+15.7%
Profit (loss) for the period to be appropriated	9905	€335,843	€388,557	+€52,714	+15.7%

F-GROUP: value indication

F-GROUP: value indication

Position among the sector peers

What moved between 2024 and 2025

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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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