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Line	Code	2024	2025	Change	%
Total assets	20/58	€261,075	€131,091	-€129,984	-49.8%
Fixed assets	21/28	€102,248	€87,744	-€14,503	-14.2%
Tangible fixed assets	22/27	€101,758	€87,254	-€14,503	-14.3%
Plant, machinery and equipment	23	€81,037	€77,106	-€3,931	-4.9%
Furniture and vehicles	24	€20,721	€10,149	-€10,572	-51.0%
Financial fixed assets	28	€490	€490	=	0.0%
Current assets	29/58	€158,828	€43,346	-€115,481	-72.7%
Stocks and contracts in progress	3	€3,045	€15,377	+€12,333	+405%
Stocks	30/36	€3,045	€15,377	+€12,333	+405%
Amounts receivable within one year	40/41	€111,343	€6,915	-€104,428	-93.8%
Trade receivables	40	€1,797	€6,915	+€5,119	+285%
Other amounts receivable	41	€109,547	-	-€109,547
Cash at bank and in hand	54/58	€35,550	€19,520	-€16,029	-45.1%
Deferred charges and accrued income	490/1	€8,890	€1,533	-€7,357	-82.8%
Total equity and liabilities	10/49	€261,075	€131,091	-€129,984	-49.8%
Equity	10/15	€69,709	-€50,271	-€119,979
Contributions	10/11	€20,460	€2,500	-€17,960	-87.8%
Reserves	13	€33,624	-	-€33,624
Tax-exempt reserves	132	€10,000	-	-€10,000
Distributable reserves	133	€23,624	-	-€23,624
Profit (loss) carried forward	14	€15,625	-€52,771	-€68,396
Amounts payable	17/49	€191,366	€181,362	-€10,005	-5.2%
Amounts payable after more than one year	17	€58,386	€30,705	-€27,682	-47.4%
Financial debts	170/4	€58,386	€30,705	-€27,682	-47.4%
Amounts payable within one year	42/48	€132,980	€150,657	+€17,677	+13.3%
Current portion of amounts payable after more than one year	42	€44,985	€30,698	-€14,287	-31.8%
Financial debts	43	€13,560	€13,817	+€257	+1.9%
Credit institutions	430/8	€13,560	€13,817	+€257	+1.9%
Trade debts	44	€35,174	€55,319	+€20,145	+57.3%
Suppliers	440/4	€35,174	€55,319	+€20,145	+57.3%
Taxes, remuneration and social security	45	€39,262	€50,823	+€11,562	+29.4%
Taxes	450/3	€4,790	€3,437	-€1,352	-28.2%
Remuneration and social security	454/9	€34,472	€47,386	+€12,914	+37.5%
Remuneration, social security and pensions	62	€250,449	€272,531	+€22,082	+8.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€30,593	€22,827	-€7,766	-25.4%
Other operating charges	640/8	€1,860	€2,508	+€647	+34.8%
Non-recurring operating charges	66A	€6,905	€27,942	+€21,037	+305%
Gross operating margin	9900	€365,770	€262,163	-€103,608	-28.3%
Operating profit (loss)	9901	€75,963	-€63,644	-€139,608
Financial income	75/76B	€1	€83	+€82	+10,230%
Recurring financial income	75	€1	€83	+€82	+10,230%
Financial charges	65/66B	€8,989	€9,199	+€210	+2.3%
Recurring financial charges	65	€8,989	€9,199	+€210	+2.3%
Profit (loss) for the period before taxes	9903	€66,975	-€72,761	-€139,736
Income taxes	67/77	€4,364	€5,635	+€1,271	+29.1%
Profit (loss) for the period	9904	€62,611	-€78,396	-€141,007
Transfer from tax-exempt reserves	789	-	€10,000	+€10,000
Profit (loss) for the period to be appropriated	9905	€62,611	-€68,396	-€131,007

MESBO: value indication

MESBO: 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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