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Line	Code	31-12-2024	31-12-2025	Change	%
Total assets	20/58	€1,598,481	€2,402,528	+€804,047	+50.3%
Fixed assets	21/28	€788,621	€1,404,281	+€615,660	+78.1%
Tangible fixed assets	22/27	€788,621	€1,404,281	+€615,660	+78.1%
Land and buildings	22	€351,483	€346,812	-€4,671	-1.3%
Plant, machinery and equipment	23	€125,369	€94,263	-€31,106	-24.8%
Furniture and vehicles	24	€18,458	€9,860	-€8,599	-46.6%
Leasing and similar rights	25	€278,489	€259,698	-€18,791	-6.7%
Assets under construction and advance payments	27	€14,822	€693,648	+€678,826	+4,580%
Current assets	29/58	€809,861	€998,248	+€188,387	+23.3%
Stocks and contracts in progress	3	€685,719	€911,009	+€225,290	+32.9%
Stocks	30/36	€685,719	€911,009	+€225,290	+32.9%
Amounts receivable within one year	40/41	€57	€113	+€56	+98.3%
Other amounts receivable	41	€57	€113	+€56	+98.3%
Cash at bank and in hand	54/58	€119,259	€81,153	-€38,106	-32.0%
Deferred charges and accrued income	490/1	€4,826	€5,973	+€1,147	+23.8%
Total equity and liabilities	10/49	€1,598,481	€2,402,528	+€804,047	+50.3%
Equity	10/15	€892,793	€1,008,695	+€115,902	+13.0%
Contributions	10/11	€395,000	€395,000	=	0.0%
Reserves	13	€342,353	€342,353	=	0.0%
Non-distributable reserves	130/1	€21,500	€21,500	=	0.0%
Reserves not available under the articles	1311	€21,500	€21,500	=	0.0%
Tax-exempt reserves	132	€1,370	€1,370	=	0.0%
Distributable reserves	133	€319,483	€319,483	=	0.0%
Profit (loss) carried forward	14	€155,440	€271,342	+€115,902	+74.6%
Amounts payable	17/49	€705,689	€1,393,834	+€688,145	+97.5%
Amounts payable after more than one year	17	€305,004	€1,009,355	+€704,352	+231%
Financial debts	170/4	€305,004	€1,009,355	+€704,352	+231%
Amounts payable within one year	42/48	€386,920	€373,515	-€13,405	-3.5%
Current portion of amounts payable after more than one year	42	€108,893	€72,183	-€36,710	-33.7%
Financial debts	43	€20,000	€50,000	+€30,000	+150%
Other loans	439	€20,000	€50,000	+€30,000	+150%
Trade debts	44	€120,887	€99,558	-€21,329	-17.6%
Suppliers	440/4	€120,887	€99,558	-€21,329	-17.6%
Taxes, remuneration and social security	45	€61,347	€60,828	-€519	-0.8%
Taxes	450/3	€38,099	€33,914	-€4,185	-11.0%
Remuneration and social security	454/9	€23,248	€26,914	+€3,665	+15.8%
Other amounts payable	47/48	€75,794	€90,947	+€15,153	+20.0%
Accrued charges and deferred income	492/3	€13,765	€10,964	-€2,801	-20.3%
Non-recurring operating income	76A	€654	€2,697	+€2,042	+312%
Remuneration, social security and pensions	62	€91,273	€97,004	+€5,731	+6.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€65,405	€83,653	+€18,248	+27.9%
Other operating charges	640/8	€10,223	€12,058	+€1,835	+18.0%
Gross operating margin	9900	€274,275	€334,246	+€59,971	+21.9%
Operating profit (loss)	9901	€107,374	€141,531	+€34,157	+31.8%
Financial income	75/76B	€20,694	€23,345	+€2,651	+12.8%
Recurring financial income	75	€20,694	€23,345	+€2,651	+12.8%
Financial charges	65/66B	€24,580	€29,032	+€4,452	+18.1%
Recurring financial charges	65	€24,580	€29,032	+€4,452	+18.1%
Profit (loss) for the period before taxes	9903	€103,488	€135,843	+€32,355	+31.3%
Income taxes	67/77	€26,758	€19,941	-€6,816	-25.5%
Profit (loss) for the period	9904	€76,731	€115,902	+€39,171	+51.1%
Profit (loss) for the period to be appropriated	9905	€76,731	€115,902	+€39,171	+51.1%

LORENZ: value indication

LORENZ: value indication

Position among the sector peers

What moved between 31-12-2024 and 31-12-2025

Largest movements

Change in the result, 31-12-2024 to 31-12-2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

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