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VM SECURITE: value indication

Line	Code	31-12-2024	31-12-2025	Change	%
Total assets	20/58	€582,556	€661,104	+€78,549	+13.5%
Fixed assets	21/28	€101,165	€100,397	-€768	-0.8%
Tangible fixed assets	22/27	€100,580	€99,812	-€768	-0.8%
Land and buildings	22	€38,125	€31,746	-€6,379	-16.7%
Leasing and similar rights	25	€62,455	€68,066	+€5,611	+9.0%
Financial fixed assets	28	€585	€585	=	0.0%
Current assets	29/58	€481,391	€560,707	+€79,316	+16.5%
Stocks and contracts in progress	3	€39,650	€45,780	+€6,130	+15.5%
Stocks	30/36	€39,650	€45,780	+€6,130	+15.5%
Amounts receivable within one year	40/41	€188,214	€184,531	-€3,683	-2.0%
Trade receivables	40	€169,314	€152,137	-€17,178	-10.1%
Other amounts receivable	41	€18,900	€32,395	+€13,495	+71.4%
Current investments	50/53	€150,124	€124	-€150,000	-99.9%
Cash at bank and in hand	54/58	€103,403	€330,272	+€226,869	+219%
Total equity and liabilities	10/49	€582,556	€661,104	+€78,549	+13.5%
Equity	10/15	€382,830	€288,738	-€94,093	-24.6%
Contributions	10/11	€75,000	€75,000	=	0.0%
Capital	10	€75,000	€75,000	=	0.0%
Issued capital	100	€75,000	€75,000	=	0.0%
Reserves	13	€307,830	€213,738	-€94,093	-30.6%
Non-distributable reserves	130/1	€7,500	€7,500	=	0.0%
Legal reserve	130	€7,500	€7,500	=	0.0%
Distributable reserves	133	€300,330	€206,238	-€94,093	-31.3%
Amounts payable	17/49	€199,726	€372,367	+€172,641	+86.4%
Amounts payable after more than one year	17	€40,995	€47,827	+€6,832	+16.7%
Financial debts	170/4	€40,995	€47,827	+€6,832	+16.7%
Amounts payable within one year	42/48	€158,731	€324,540	+€165,809	+104%
Current portion of amounts payable after more than one year	42	€48,658	€14,782	-€33,877	-69.6%
Trade debts	44	€22,218	€58,135	+€35,917	+162%
Suppliers	440/4	€22,218	€58,135	+€35,917	+162%
Taxes, remuneration and social security	45	€63,772	€83,234	+€19,462	+30.5%
Taxes	450/3	€19,191	€30,492	+€11,302	+58.9%
Remuneration and social security	454/9	€44,581	€52,742	+€8,160	+18.3%
Other amounts payable	47/48	€24,082	€168,389	+€144,307	+599%
Non-recurring operating income	76A	€9,250	€9,111	-€139	-1.5%
Remuneration, social security and pensions	62	€500,266	€529,677	+€29,412	+5.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€17,009	€23,389	+€6,380	+37.5%
Other operating charges	640/8	€27,774	€11,748	-€16,026	-57.7%
Gross operating margin	9900	€648,211	€673,675	+€25,464	+3.9%
Operating profit (loss)	9901	€103,162	€108,860	+€5,699	+5.5%
Financial income	75/76B	€1,137	€844	-€293	-25.8%
Recurring financial income	75	€1,137	€844	-€293	-25.8%
Financial charges	65/66B	€2,142	€2,557	+€415	+19.4%
Recurring financial charges	65	€2,142	€2,557	+€415	+19.4%
Profit (loss) for the period before taxes	9903	€102,156	€107,147	+€4,991	+4.9%
Income taxes	67/77	€32,551	€32,850	+€299	+0.9%
Profit (loss) for the period	9904	€69,605	€74,297	+€4,692	+6.7%
Profit (loss) for the period to be appropriated	9905	€69,605	€74,297	+€4,692	+6.7%

VM SECURITE: value indication

VM SECURITE: value indication

Position among the sector peers

What moved between 31-12-2024 and 31-12-2025

Largest movements

Change in the result, 31-12-2024 to 31-12-2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

Capitalised earnings

Your EBITDA multiple

Limits of the indication

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