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Line	Code	2024	2025	Change	%
Total assets	20/58	€44,816	€38,862	-€5,954	-13.3%
Formation expenses	20	€5,911	€1,478	-€4,433	-75.0%
Fixed assets	21/28	€632	€632	=	0.0%
Financial fixed assets	28	€632	€632	=	0.0%
Current assets	29/58	€38,273	€36,752	-€1,521	-4.0%
Stocks and contracts in progress	3	€250	€1,175	+€925	+370%
Stocks	30/36	€250	€1,175	+€925	+370%
Amounts receivable within one year	40/41	€23,578	€16,015	-€7,563	-32.1%
Trade receivables	40	€21,975	€13,380	-€8,595	-39.1%
Other amounts receivable	41	€1,603	€2,635	+€1,032	+64.4%
Cash at bank and in hand	54/58	€14,445	€18,925	+€4,480	+31.0%
Deferred charges and accrued income	490/1	-	€637	+€637
Total equity and liabilities	10/49	€44,816	€38,862	-€5,954	-13.3%
Equity	10/15	€19,444	€10,074	-€9,370	-48.2%
Contributions	10/11	€62,000	€62,000	=	0.0%
Capital	10	€62,000	€62,000	=	0.0%
Issued capital	100	€62,000	€62,000	=	0.0%
Reserves	13	€6,200	€6,200	=	0.0%
Non-distributable reserves	130/1	€6,200	€6,200	=	0.0%
Legal reserve	130	€6,200	€6,200	=	0.0%
Profit (loss) carried forward	14	-€48,756	-€58,126	-€9,370	-19.2%
Amounts payable	17/49	€25,372	€28,788	+€3,416	+13.5%
Amounts payable within one year	42/48	€25,372	€28,788	+€3,416	+13.5%
Trade debts	44	€3,935	€11,514	+€7,579	+193%
Suppliers	440/4	€3,935	€11,514	+€7,579	+193%
Advances received on contracts in progress	46	€252	-	-€252
Taxes, remuneration and social security	45	€1,761	-	-€1,761
Remuneration and social security	454/9	€1,761	-	-€1,761
Other amounts payable	47/48	€19,424	€17,274	-€2,150	-11.1%
Remuneration, social security and pensions	62	€29,647	-	-€29,647
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€5,911	€4,433	-€1,478	-25.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)	631/4	-	€2,300	+€2,300
Provisions for liabilities and charges: additions (uses and reversals)	635/8	€2,300	-	-€2,300
Other operating charges	640/8	€1,265	€455	-€810	-64.0%
Gross operating margin	9900	€42,195	-€1,259	-€43,454
Operating profit (loss)	9901	€3,072	-€8,447	-€11,519
Financial income	75/76B	€5	€2	-€3	-60.0%
Recurring financial income	75	€5	€2	-€3	-60.0%
Financial charges	65/66B	€728	€925	+€197	+27.1%
Recurring financial charges	65	€728	€925	+€197	+27.1%
Profit (loss) for the period before taxes	9903	€2,349	-€9,370	-€11,719
Profit (loss) for the period	9904	€2,349	-€9,370	-€11,719
Profit (loss) for the period to be appropriated	9905	€2,349	-€9,370	-€11,719

SANISAR: value indication

SANISAR: 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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