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Line	Code	2024	2025	Change	%
Total assets	20/58	€1,824,047	€2,092,970	+€268,924	+14.7%
Fixed assets	21/28	€1,758,362	€1,854,652	+€96,290	+5.5%
Tangible fixed assets	22/27	€1,138,478	€1,388,112	+€249,633	+21.9%
Land and buildings	22	€990,401	€1,261,069	+€270,668	+27.3%
Plant, machinery and equipment	23	€3,267	€3,066	-€201	-6.2%
Furniture and vehicles	24	€144,810	€121,664	-€23,146	-16.0%
Other tangible fixed assets	26	-	€2,313	+€2,313
Financial fixed assets	28	€619,884	€466,541	-€153,343	-24.7%
Current assets	29/58	€65,685	€238,318	+€172,634	+263%
Amounts receivable within one year	40/41	€61,620	€51,401	-€10,219	-16.6%
Trade receivables	40	€17,260	€18,150	+€890	+5.2%
Other amounts receivable	41	€44,360	€33,251	-€11,109	-25.0%
Cash at bank and in hand	54/58	€3,452	€185,977	+€182,525	+5,287%
Deferred charges and accrued income	490/1	€613	€940	+€328	+53.5%
Total equity and liabilities	10/49	€1,824,047	€2,092,970	+€268,924	+14.7%
Equity	10/15	€904,119	€974,937	+€70,817	+7.8%
Contributions	10/11	€100,000	€100,000	=	0.0%
Reserves	13	€804,119	€874,937	+€70,817	+8.8%
Non-distributable reserves	130/1	€246,500	€246,500	=	0.0%
Reserves not available under the articles	1311	€246,500	€246,500	=	0.0%
Tax-exempt reserves	132	€273,768	€306,131	+€32,364	+11.8%
Distributable reserves	133	€283,852	€322,305	+€38,453	+13.5%
Profit (loss) carried forward	14	€0	€0	=
Provisions and deferred taxes	16	€91,256	€109,804	+€18,548	+20.3%
Deferred taxes	168	€91,256	€109,804	+€18,548	+20.3%
Amounts payable	17/49	€828,671	€1,008,230	+€179,559	+21.7%
Amounts payable after more than one year	17	€638,407	€627,199	-€11,208	-1.8%
Financial debts	170/4	€638,407	€627,199	-€11,208	-1.8%
Amounts payable within one year	42/48	€190,265	€381,031	+€190,767	+100%
Current portion of amounts payable after more than one year	42	€75,286	€107,380	+€32,094	+42.6%
Financial debts	43	€1,424	€2,592	+€1,168	+82.0%
Credit institutions	430/8	€1,424	€2,592	+€1,168	+82.0%
Trade debts	44	€2,287	€7,208	+€4,922	+215%
Suppliers	440/4	€2,287	€7,208	+€4,922	+215%
Taxes, remuneration and social security	45	€8,536	€16,934	+€8,398	+98.4%
Taxes	450/3	€8,536	€16,934	+€8,398	+98.4%
Other amounts payable	47/48	€102,731	€246,917	+€144,185	+140%
Non-recurring operating income	76A	€384,187	€0	-€384,187	-100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€28,001	€75,470	+€47,469	+170%
Other operating charges	640/8	€133,602	€5,906	-€127,697	-95.6%
Non-recurring operating charges	66A	-	€30,125	+€30,125
Gross operating margin	9900	€411,745	€115,081	-€296,664	-72.1%
Operating profit (loss)	9901	€250,141	€3,580	-€246,561	-98.6%
Financial income	75/76B	€16	€9	-€7	-42.2%
Recurring financial income	75	€16	€9	-€7	-42.2%
Financial charges	65/66B	€12,068	€30,024	+€17,956	+149%
Recurring financial charges	65	€12,068	€30,024	+€17,956	+149%
Profit (loss) for the period before taxes	9903	€238,089	-€26,435	-€264,524
Transfer from deferred taxes	780	€3,453	€5,755	+€2,302	+66.7%
Transfer to deferred taxes	680	€42,080	€0	-€42,080	-100%
Income taxes	67/77	€20,280	€749	-€19,531	-96.3%
Profit (loss) for the period	9904	€179,182	-€21,429	-€200,611
Transfer from tax-exempt reserves	789	€10,359	€14,834	+€4,475	+43.2%
Transfer to tax-exempt reserves	689	€126,241	€0	-€126,241	-100%
Profit (loss) for the period to be appropriated	9905	€63,301	-€6,594	-€69,895

SILVA: value indication

SILVA: value indication

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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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