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VULKSOFT: value indication

Line	Code	2024	2025	Change	%
Total assets	20/58	€182,089	€77,472	-€104,617	-57.5%
Fixed assets	21/28	€6,313	€42,707	+€36,394	+576%
Tangible fixed assets	22/27	€4,254	€42,706	+€38,452	+904%
Land and buildings	22	-	€37,237	+€37,237
Furniture and vehicles	24	€4,254	€5,469	+€1,215	+28.6%
Financial fixed assets	28	€2,059	€1	-€2,058	-100.0%
Current assets	29/58	€175,776	€34,765	-€141,011	-80.2%
Amounts receivable within one year	40/41	€134,550	€16,363	-€118,187	-87.8%
Trade receivables	40	€113,846	€5,660	-€108,187	-95.0%
Other amounts receivable	41	€20,703	€10,703	-€10,000	-48.3%
Cash at bank and in hand	54/58	€40,651	€354	-€40,297	-99.1%
Deferred charges and accrued income	490/1	€576	€18,048	+€17,473	+3,035%
Total equity and liabilities	10/49	€182,089	€77,472	-€104,617	-57.5%
Equity	10/15	€41,681	-€31,123	-€72,803
Contributions	10/11	€1	€1	=	0.0%
Reserves	13	€41,680	€22,438	-€19,242	-46.2%
Distributable reserves	133	€41,680	€22,438	-€19,242	-46.2%
Profit (loss) carried forward	14	-	-€53,562	-€53,562
Provisions and deferred taxes	16	€34,783	€34,783	=	0.0%
Provisions for liabilities and charges	160/5	€34,783	€34,783	=	0.0%
Other liabilities and charges	164/5	€34,783	€34,783	=	0.0%
Amounts payable	17/49	€105,626	€73,812	-€31,814	-30.1%
Amounts payable after more than one year	17	-	€31,999	+€31,999
Financial debts	170/4	-	€31,999	+€31,999
Amounts payable within one year	42/48	€105,626	€41,813	-€63,812	-60.4%
Current portion of amounts payable after more than one year	42	-	€4,155	+€4,155
Financial debts	43	-	€2,088	+€2,088
Credit institutions	430/8	-	€2,088	+€2,088
Trade debts	44	€827	€2,533	+€1,706	+206%
Suppliers	440/4	€827	€2,533	+€1,706	+206%
Taxes, remuneration and social security	45	€26,561	€18,675	-€7,885	-29.7%
Taxes	450/3	€26,352	€17,555	-€8,797	-33.4%
Remuneration and social security	454/9	€208	€1,120	+€912	+438%
Other amounts payable	47/48	€78,238	€14,361	-€63,877	-81.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€254	€3,241	+€2,987	+1,175%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)	631/4	-	€2,500	+€2,500
Provisions for liabilities and charges: additions (uses and reversals)	635/8	€34,783	-	-€34,783
Other operating charges	640/8	€1,341	€62,376	+€61,035	+4,550%
Gross operating margin	9900	€51,087	€102	-€50,985	-99.8%
Operating profit (loss)	9901	€14,709	-€68,016	-€82,725
Financial income	75/76B	€1	-	-€1
Recurring financial income	75	€1	-	-€1
Financial charges	65/66B	€616	€4,592	+€3,976	+646%
Recurring financial charges	65	€616	€4,592	+€3,976	+646%
Profit (loss) for the period before taxes	9903	€14,094	-€72,607	-€86,702
Income taxes	67/77	€11,937	€196	-€11,740	-98.4%
Profit (loss) for the period	9904	€2,158	-€72,803	-€74,961
Profit (loss) for the period to be appropriated	9905	€2,158	-€72,803	-€74,961

VULKSOFT: value indication

VULKSOFT: 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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