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Line	Code	2024	2025	Change	%
Total assets	20/58	€524,708	€790,467	+€265,759	+50.6%
Fixed assets	21/28	€364,059	€381,056	+€16,996	+4.7%
Tangible fixed assets	22/27	€359,059	€376,056	+€16,996	+4.7%
Land and buildings	22	€304,540	€286,067	-€18,473	-6.1%
Plant, machinery and equipment	23	€25,811	€23,715	-€2,096	-8.1%
Furniture and vehicles	24	€28,709	€16,679	-€12,029	-41.9%
Other tangible fixed assets	26	-	€49,595	+€49,595
Financial fixed assets	28	€5,000	€5,000	=	0.0%
Current assets	29/58	€160,649	€409,411	+€248,762	+155%
Stocks and contracts in progress	3	€64,200	€360,226	+€296,026	+461%
Stocks	30/36	€64,200	€360,226	+€296,026	+461%
Amounts receivable within one year	40/41	€92,645	€35,554	-€57,090	-61.6%
Trade receivables	40	€81,630	€20,000	-€61,630	-75.5%
Other amounts receivable	41	€11,015	€15,554	+€4,540	+41.2%
Cash at bank and in hand	54/58	€3,804	€13,630	+€9,826	+258%
Total equity and liabilities	10/49	€524,708	€790,467	+€265,759	+50.6%
Equity	10/15	€134,695	€167,407	+€32,712	+24.3%
Contributions	10/11	€12,400	€12,400	=	0.0%
Reserves	13	€122,295	€155,007	+€32,712	+26.7%
Non-distributable reserves	130/1	€0	-	=
Reserves not available under the articles	1311	€0	-	=
Distributable reserves	133	€122,295	€155,007	+€32,712	+26.7%
Profit (loss) carried forward	14	€0	€0	=
Amounts payable	17/49	€390,013	€623,060	+€233,047	+59.8%
Amounts payable after more than one year	17	€326,448	€493,459	+€167,011	+51.2%
Financial debts	170/4	€201,448	€368,459	+€167,011	+82.9%
Other amounts payable	178/9	€125,000	€125,000	=	0.0%
Amounts payable within one year	42/48	€58,387	€118,149	+€59,762	+102%
Current portion of amounts payable after more than one year	42	€31,110	€28,555	-€2,555	-8.2%
Trade debts	44	€3,663	€6,916	+€3,253	+88.8%
Suppliers	440/4	€3,663	€6,916	+€3,253	+88.8%
Advances received on contracts in progress	46	-	€500	+€500
Taxes, remuneration and social security	45	€12,434	€2,278	-€10,156	-81.7%
Taxes	450/3	€12,434	€2,278	-€10,156	-81.7%
Other amounts payable	47/48	€11,180	€79,901	+€68,721	+615%
Accrued charges and deferred income	492/3	€5,178	€11,451	+€6,273	+121%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€35,552	€38,043	+€2,491	+7.0%
Other operating charges	640/8	€1,412	€1,203	-€209	-14.8%
Gross operating margin	9900	€50,334	€107,113	+€56,779	+113%
Operating profit (loss)	9901	€13,370	€67,866	+€54,496	+408%
Financial income	75/76B	-	€2	+€2
Recurring financial income	75	-	€2	+€2
Financial charges	65/66B	€9,740	€17,777	+€8,037	+82.5%
Recurring financial charges	65	€9,740	€17,777	+€8,037	+82.5%
Profit (loss) for the period before taxes	9903	€3,630	€50,092	+€46,461	+1,280%
Income taxes	67/77	€1,383	€15,953	+€14,571	+1,054%
Profit (loss) for the period	9904	€2,248	€34,138	+€31,891	+1,419%
Profit (loss) for the period to be appropriated	9905	€2,248	€34,138	+€31,891	+1,419%

FRELIS: value indication

FRELIS: value indication

Position among the sector peers

What moved between 2024 and 2025

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Change in the result, 2024 to 2025

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Value

Indicative value of the equity

Adjusted equity

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Your EBITDA multiple

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