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Heldentoren: value indication

Line	Code	2024	2025	Change	%
Total assets	20/58	€3,515,168	€1,452,492	-€2.1m	-58.7%
Current assets	29/58	€3,515,168	€1,452,492	-€2.1m	-58.7%
Amounts receivable after more than one year	29	€1,265,437	€69,301	-€1.2m	-94.5%
Other amounts receivable	291	€1,265,437	€69,301	-€1.2m	-94.5%
Stocks and contracts in progress	3	€775,754	€189,214	-€586,540	-75.6%
Stocks	30/36	€775,754	€189,214	-€586,540	-75.6%
Amounts receivable within one year	40/41	€269,691	€620,065	+€350,374	+130%
Trade receivables	40	€244,875	-	-€244,875
Other amounts receivable	41	€24,816	€620,065	+€595,249	+2,399%
Cash at bank and in hand	54/58	€1,138,846	€573,472	-€565,374	-49.6%
Deferred charges and accrued income	490/1	€65,441	€441	-€65,000	-99.3%
Total equity and liabilities	10/49	€3,515,168	€1,452,492	-€2.1m	-58.7%
Equity	10/15	€1,564,315	€1,117,866	-€446,449	-28.5%
Contributions	10/11	€1,500,000	€1,500,000	=	0.0%
Capital	10	€1,500,000	€1,500,000	=	0.0%
Issued capital	100	€1,500,000	€1,500,000	=	0.0%
Reserves	13	€64,315	€64,315	=	0.0%
Non-distributable reserves	130/1	€64,315	€64,315	=	0.0%
Legal reserve	130	€64,315	€64,315	=	0.0%
Profit (loss) carried forward	14	-	-€446,449	-€446,449
Provisions and deferred taxes	16	€656,421	-	-€656,421
Provisions for liabilities and charges	160/5	€656,421	-	-€656,421
Other liabilities and charges	164/5	€656,421	-	-€656,421
Amounts payable	17/49	€1,294,433	€334,626	-€959,807	-74.1%
Amounts payable within one year	42/48	€1,294,433	€334,626	-€959,807	-74.1%
Trade debts	44	€35,330	€334,626	+€299,296	+847%
Suppliers	440/4	€35,330	€334,626	+€299,296	+847%
Taxes, remuneration and social security	45	€37,123	-	-€37,123
Taxes	450/3	€37,123	-	-€37,123
Other amounts payable	47/48	€1,221,980	-	-€1.2m
Provisions for liabilities and charges: additions (uses and reversals)	635/8	€656,421	-€656,421	-€1.3m
Other operating charges	640/8	€896	€463	-€433	-48.3%
Gross operating margin	9900	€3,697,950	-€1,142,378	-€4.8m
Operating profit (loss)	9901	€3,040,633	-€486,420	-€3.5m
Financial income	75/76B	€49,543	€40,422	-€9,121	-18.4%
Recurring financial income	75	€49,543	€40,422	-€9,121	-18.4%
Financial charges	65/66B	€25,077	€451	-€24,627	-98.2%
Recurring financial charges	65	€25,077	€451	-€24,627	-98.2%
Profit (loss) for the period before taxes	9903	€3,065,098	-€446,449	-€3.5m
Income taxes	67/77	€430,416	-	-€430,416
Profit (loss) for the period	9904	€2,634,682	-€446,449	-€3.1m
Profit (loss) for the period to be appropriated	9905	€2,634,682	-€446,449	-€3.1m

Heldentoren: value indication

Heldentoren: 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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