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TECHADVISE: value indication

Line	Code	2024	2025	Change	%
Total assets	20/58	€260,973	€385,428	+€124,455	+47.7%
Formation expenses	20	€0	-	=
Fixed assets	21/28	€112,870	€111,669	-€1,201	-1.1%
Intangible fixed assets	21	€0	-	=
Tangible fixed assets	22/27	€112,870	€111,669	-€1,201	-1.1%
Land and buildings	22	€0	-	=
Plant, machinery and equipment	23	€24,265	€74,040	+€49,776	+205%
Furniture and vehicles	24	€88,605	€36,297	-€52,308	-59.0%
Leasing and similar rights	25	€0	-	=
Other tangible fixed assets	26	€0	€1,331	+€1,331
Assets under construction and advance payments	27	€0	-	=
Financial fixed assets	28	€0	-	=
Current assets	29/58	€148,102	€273,759	+€125,657	+84.8%
Amounts receivable after more than one year	29	€0	-	=
Trade receivables	290	€0	-	=
Other amounts receivable	291	€0	-	=
Stocks and contracts in progress	3	€0	-	=
Stocks	30/36	€0	-	=
Contracts in progress	37	€0	-	=
Amounts receivable within one year	40/41	€8,592	€32,458	+€23,866	+278%
Trade receivables	40	€8,074	€32,452	+€24,378	+302%
Other amounts receivable	41	€518	€6	-€512	-98.8%
Current investments	50/53	€76,355	€52,514	-€23,841	-31.2%
Cash at bank and in hand	54/58	€62,933	€188,787	+€125,854	+200%
Deferred charges and accrued income	490/1	€222	-	-€222
Total equity and liabilities	10/49	€260,973	€385,428	+€124,455	+47.7%
Equity	10/15	€207,986	€284,760	+€76,775	+36.9%
Contributions	10/11	€30,000	€30,000	=	0.0%
Revaluation surpluses	12	€0	-	=
Reserves	13	€179,606	€254,760	+€75,154	+41.8%
Non-distributable reserves	130/1	€0	-	=
Reserves not available under the articles	1311	€0	-	=
Own shares acquired	1312	€0	-	=
Financial assistance	1313	€0	-	=
Other	1319	€0	-	=
Tax-exempt reserves	132	€0	-	=
Distributable reserves	133	€179,606	€254,760	+€75,154	+41.8%
Profit (loss) carried forward	14	-€1,620	€0	+€1,620
Investment grants	15	€0	-	=
Advance to shareholders on the distribution of net assets	19	€0	-	=
Provisions and deferred taxes	16	€0	-	=
Provisions for liabilities and charges	160/5	€0	-	=
Pensions and similar obligations	160	€0	-	=
Taxes	161	€0	-	=
Major repairs and maintenance	162	€0	-	=
Environmental obligations	163	€0	-	=
Other liabilities and charges	164/5	€0	-	=
Deferred taxes	168	€0	-	=
Amounts payable	17/49	€52,987	€100,667	+€47,681	+90.0%
Amounts payable after more than one year	17	€15,920	€28,551	+€12,631	+79.3%
Financial debts	170/4	€15,920	€28,551	+€12,631	+79.3%
Trade debts	175	€0	-	=
Advances received on contracts in progress	176	€0	-	=
Other amounts payable	178/9	€0	-	=
Amounts payable within one year	42/48	€37,066	€72,116	+€35,050	+94.6%
Current portion of amounts payable after more than one year	42	€12,228	€12,703	+€475	+3.9%
Financial debts	43	€0	-	=
Credit institutions	430/8	€0	-	=
Other loans	439	€0	-	=
Trade debts	44	€13,080	€0	-€13,080	-100%
Suppliers	440/4	€13,080	€0	-€13,080	-100%
Bills of exchange payable	441	€0	-	=
Advances received on contracts in progress	46	€0	-	=
Taxes, remuneration and social security	45	€10,158	€57,616	+€47,458	+467%
Taxes	450/3	€10,158	€57,616	+€47,458	+467%
Remuneration and social security	454/9	€0	-	=
Other amounts payable	47/48	€1,600	€1,797	+€197	+12.3%
Accrued charges and deferred income	492/3	€0	-	=
Non-recurring operating income	76A	€22,200	-	-€22,200
Remuneration, social security and pensions	62	-	€1,195	+€1,195
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€38,379	€43,636	+€5,257	+13.7%
Other operating charges	640/8	€2,174	€3,525	+€1,352	+62.2%
Gross operating margin	9900	€100,146	€165,841	+€65,694	+65.6%
Operating profit (loss)	9901	€59,594	€117,485	+€57,890	+97.1%
Financial income	75/76B	€1,317	€366	-€951	-72.2%
Recurring financial income	75	€1,317	€366	-€951	-72.2%
Financial charges	65/66B	€1,838	€2,021	+€183	+10.0%
Recurring financial charges	65	€1,838	€2,021	+€183	+10.0%
Profit (loss) for the period before taxes	9903	€59,073	€115,830	+€56,756	+96.1%
Income taxes	67/77	€14,227	€34,055	+€19,828	+139%
Profit (loss) for the period	9904	€44,847	€81,775	+€36,928	+82.3%
Profit (loss) for the period to be appropriated	9905	€44,847	€81,775	+€36,928	+82.3%

TECHADVISE: value indication

TECHADVISE: 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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