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Forest 2: value indication

Line	Code	2024	2025	Change	%
Total assets	20/58	€33,039,149	€33,333,478	+€294,329	+0.9%
Formation expenses	20	€21,614	€3,855	-€17,760	-82.2%
Fixed assets	21/28	€32,335,614	€32,132,486	-€203,128	-0.6%
Tangible fixed assets	22/27	€32,335,614	€32,132,486	-€203,128	-0.6%
Land and buildings	22	€31,919,053	€31,699,900	-€219,154	-0.7%
Other tangible fixed assets	26	€416,561	€432,587	+€16,026	+3.8%
Current assets	29/58	€681,921	€1,197,137	+€515,216	+75.6%
Amounts receivable within one year	40/41	€285,993	€350,601	+€64,608	+22.6%
Trade receivables	40	€222,483	€282,325	+€59,842	+26.9%
Other amounts receivable	41	€63,510	€68,277	+€4,767	+7.5%
Cash at bank and in hand	54/58	€317,430	€774,543	+€457,113	+144%
Deferred charges and accrued income	490/1	€78,498	€71,993	-€6,505	-8.3%
Total equity and liabilities	10/49	€33,039,149	€33,333,478	+€294,329	+0.9%
Equity	10/15	€23,477,480	€24,018,411	+€540,931	+2.3%
Contributions	10/11	€23,356,726	€23,356,726	=	0.0%
Capital	10	€61,500	€61,500	=	0.0%
Issued capital	100	€61,500	€61,500	=	0.0%
Contributions outside capital	11	€23,295,226	€23,295,226	=	0.0%
Share premium	1100/10	€23,295,226	€23,295,226	=	0.0%
Reserves	13	€15,435	€15,435	=	0.0%
Non-distributable reserves	130/1	€15,435	€15,435	=	0.0%
Legal reserve	130	€15,435	€15,435	=	0.0%
Profit (loss) carried forward	14	€105,319	€646,250	+€540,931	+514%
Amounts payable	17/49	€9,561,669	€9,315,067	-€246,602	-2.6%
Amounts payable after more than one year	17	€8,963,927	€8,563,927	-€400,000	-4.5%
Financial debts	170/4	€8,963,927	€8,563,927	-€400,000	-4.5%
Other loans	174	€8,963,927	€8,563,927	-€400,000	-4.5%
Amounts payable within one year	42/48	€202,024	€309,187	+€107,164	+53.0%
Taxes, remuneration and social security	45	€5,454	€112,618	+€107,164	+1,965%
Taxes	450/3	€5,454	€112,618	+€107,164	+1,965%
Other amounts payable	47/48	€196,569	€196,569	=	0.0%
Accrued charges and deferred income	492/3	€395,718	€441,952	+€46,234	+11.7%
Operating income	70/76A	€3,311,459	€2,441,349	-€870,109	-26.3%
Turnover	70	€1,506,531	€1,573,166	+€66,635	+4.4%
Other operating income	74	€416,898	€467,477	+€50,578	+12.1%
Non-recurring operating income	76A	€1,388,029	€400,707	-€987,322	-71.1%
Operating charges	60/66A	€1,509,278	€1,560,469	+€51,192	+3.4%
Services and other goods	61	€237,895	€202,617	-€35,278	-14.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€841,214	€884,433	+€43,219	+5.1%
Other operating charges	640/8	€430,169	€473,419	+€43,250	+10.1%
Operating profit (loss)	9901	€1,802,181	€880,880	-€921,301	-51.1%
Financial charges	65/66B	€231,834	€220,101	-€11,733	-5.1%
Recurring financial charges	65	€231,834	€220,101	-€11,733	-5.1%
Debt charges	650	€230,907	€219,030	-€11,878	-5.1%
Other financial charges	652/9	€927	€1,071	+€144	+15.6%
Profit (loss) for the period before taxes	9903	€1,570,347	€660,780	-€909,568	-57.9%
Income taxes	67/77	€118,384	€119,849	+€1,465	+1.2%
Taxes	670/3	€118,384	€191,264	+€72,880	+61.6%
Tax adjustments and reversals of tax provisions	77	-	€71,415	+€71,415
Profit (loss) for the period	9904	€1,451,963	€540,931	-€911,032	-62.7%
Profit (loss) for the period to be appropriated	9905	€1,451,963	€540,931	-€911,032	-62.7%

Forest 2: value indication

Forest 2: value indication

Position among the sector peers

What moved between 2024 and 2025

Largest movements

Change in the result, 2024 to 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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