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Line	Code	2024	2025	Change	%
Total assets	20/58	€14,313,451	€14,083,215	-€230,236	-1.6%
Fixed assets	21/28	€13,424,848	€13,012,917	-€411,931	-3.1%
Tangible fixed assets	22/27	€13,424,848	€13,012,917	-€411,931	-3.1%
Land and buildings	22	€13,343,622	€12,910,503	-€433,119	-3.2%
Plant, machinery and equipment	23	€38,724	€74,725	+€36,001	+93.0%
Furniture and vehicles	24	€42,503	€27,689	-€14,814	-34.9%
Current assets	29/58	€888,602	€1,070,298	+€181,696	+20.4%
Amounts receivable within one year	40/41	€717,014	€801,108	+€84,094	+11.7%
Trade receivables	40	€265,651	€344,112	+€78,462	+29.5%
Other amounts receivable	41	€451,363	€456,996	+€5,632	+1.2%
Cash at bank and in hand	54/58	€165,557	€218,321	+€52,764	+31.9%
Deferred charges and accrued income	490/1	€6,031	€50,869	+€44,838	+743%
Total equity and liabilities	10/49	€14,313,451	€14,083,215	-€230,236	-1.6%
Equity	10/15	€3,130,635	€2,950,743	-€179,891	-5.7%
Contributions	10/11	€19,000	€19,000	=	0.0%
Reserves	13	€3,008,767	€2,836,698	-€172,069	-5.7%
Non-distributable reserves	130/1	€1,900	€1,900	=	0.0%
Reserves not available under the articles	1311	€1,900	€1,900	=	0.0%
Tax-exempt reserves	132	€3,006,867	€2,834,798	-€172,069	-5.7%
Profit (loss) carried forward	14	€102,868	€95,046	-€7,822	-7.6%
Provisions and deferred taxes	16	€1,002,289	€944,933	-€57,356	-5.7%
Deferred taxes	168	€1,002,289	€944,933	-€57,356	-5.7%
Amounts payable	17/49	€10,180,527	€10,187,539	+€7,012	+0.1%
Amounts payable after more than one year	17	€2,072,207	€1,992,810	-€79,398	-3.8%
Financial debts	170/4	€2,072,207	€1,992,810	-€79,398	-3.8%
Amounts payable within one year	42/48	€8,108,320	€8,194,730	+€86,410	+1.1%
Current portion of amounts payable after more than one year	42	€360,417	€372,280	+€11,863	+3.3%
Financial debts	43	€7,401,000	€7,401,000	=	0.0%
Credit institutions	430/8	€7,401,000	€7,401,000	=	0.0%
Trade debts	44	€191,912	€213,360	+€21,447	+11.2%
Suppliers	440/4	€191,912	€213,360	+€21,447	+11.2%
Advances received on contracts in progress	46	-	€52,743	+€52,743
Taxes, remuneration and social security	45	€54,991	€22,647	-€32,344	-58.8%
Taxes	450/3	€53,184	€22,235	-€30,949	-58.2%
Remuneration and social security	454/9	€1,806	€412	-€1,395	-77.2%
Other amounts payable	47/48	€100,000	€132,700	+€32,700	+32.7%
Non-recurring operating income	76A	-	€1,025	+€1,025
Remuneration, social security and pensions	62	€151,151	€147,858	-€3,293	-2.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€657,688	€668,753	+€11,065	+1.7%
Other operating charges	640/8	€120,587	€103,281	-€17,306	-14.4%
Gross operating margin	9900	€1,048,720	€1,098,206	+€49,486	+4.7%
Operating profit (loss)	9901	€119,293	€178,314	+€59,021	+49.5%
Financial income	75/76B	€14,107	€13,343	-€764	-5.4%
Recurring financial income	75	€14,107	€13,343	-€764	-5.4%
Financial charges	65/66B	€224,682	€297,546	+€72,864	+32.4%
Recurring financial charges	65	€224,682	€297,546	+€72,864	+32.4%
Profit (loss) for the period before taxes	9903	-€91,281	-€105,888	-€14,607	-16.0%
Transfer from deferred taxes	780	€57,218	€57,356	+€139	+0.2%
Income taxes	67/77	€35,382	€31,360	-€4,023	-11.4%
Profit (loss) for the period	9904	-€69,446	-€79,891	-€10,446	-15.0%
Transfer from tax-exempt reserves	789	€171,653	€172,069	+€417	+0.2%
Profit (loss) for the period to be appropriated	9905	€102,207	€92,178	-€10,029	-9.8%

SCHAU: value indication

SCHAU: value indication

Position among the sector peers

What moved between 2024 and 2025

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Change in the result, 2024 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

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Your EBITDA multiple

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