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TOPEXCEL: value indication

Line	Code	2025	2026	Change	%
Total assets	20/58	€1,180,456	€1,169,020	-€11,436	-1.0%
Current assets	29/58	€1,180,456	€1,169,020	-€11,436	-1.0%
Amounts receivable after more than one year	29	€4,322	€4,322	=	0.0%
Other amounts receivable	291	€4,322	€4,322	=	0.0%
Stocks and contracts in progress	3	€1,163,331	€1,163,331	=	0.0%
Stocks	30/36	€1,163,331	€1,163,331	=	0.0%
Amounts receivable within one year	40/41	€1,962	€291	-€1,672	-85.2%
Other amounts receivable	41	€1,962	€291	-€1,672	-85.2%
Cash at bank and in hand	54/58	€10,841	€1,076	-€9,765	-90.1%
Total equity and liabilities	10/49	€1,180,456	€1,169,020	-€11,436	-1.0%
Equity	10/15	-€2,295,690	-€2,288,623	+€7,067	+0.3%
Contributions	10/11	€18,600	€18,600	=	0.0%
Reserves	13	€1,908	€1,908	=	0.0%
Non-distributable reserves	130/1	€1,860	€1,860	=	0.0%
Reserves not available under the articles	1311	€1,860	€1,860	=	0.0%
Distributable reserves	133	€48	€48	=	0.0%
Profit (loss) carried forward	14	-€2,316,198	-€2,309,130	+€7,067	+0.3%
Amounts payable	17/49	€3,476,146	€3,457,643	-€18,504	-0.5%
Amounts payable after more than one year	17	€3,357,987	€3,347,223	-€10,764	-0.3%
Financial debts	170/4	€3,357,987	€3,347,223	-€10,764	-0.3%
Amounts payable within one year	42/48	€118,159	€110,420	-€7,740	-6.6%
Trade debts	44	€56	-	-€56
Suppliers	440/4	€56	-	-€56
Other amounts payable	47/48	€118,103	€110,420	-€7,684	-6.5%
Other operating charges	640/8	€1,286	€1,318	+€33	+2.6%
Gross operating margin	9900	-€3,634	-€2,344	+€1,290	+35.5%
Operating profit (loss)	9901	-€4,919	-€3,662	+€1,257	+25.6%
Financial income	75/76B	-	€10,774	+€10,774
Recurring financial income	75	-	€10,774	+€10,774
Financial charges	65/66B	€3,919	€44	-€3,875	-98.9%
Recurring financial charges	65	€3,919	€44	-€3,875	-98.9%
Profit (loss) for the period before taxes	9903	-€8,839	€7,067	+€15,906
Profit (loss) for the period	9904	-€8,839	€7,067	+€15,906
Profit (loss) for the period to be appropriated	9905	-€8,839	€7,067	+€15,906

TOPEXCEL: value indication

TOPEXCEL: value indication

Position among the sector peers

What moved between 2025 and 2026

Largest movements

Change in the result, 2025 to 2026

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

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