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Line	Code	2024	2025	Change	%
Total assets	20/58	€317,809	€288,991	-€28,817	-9.1%
Fixed assets	21/28	€146,008	€129,979	-€16,028	-11.0%
Tangible fixed assets	22/27	€146,008	€129,979	-€16,028	-11.0%
Plant, machinery and equipment	23	€104,981	€96,160	-€8,821	-8.4%
Furniture and vehicles	24	€4,919	€4,544	-€375	-7.6%
Leasing and similar rights	25	€36,107	€29,274	-€6,833	-18.9%
Current assets	29/58	€171,801	€159,012	-€12,789	-7.4%
Stocks and contracts in progress	3	€359	€359	=	0.0%
Stocks	30/36	€359	€359	=	0.0%
Amounts receivable within one year	40/41	€33,834	€38,727	+€4,892	+14.5%
Trade receivables	40	€20,417	€19,948	-€469	-2.3%
Other amounts receivable	41	€13,418	€18,779	+€5,361	+40.0%
Cash at bank and in hand	54/58	€128,185	€114,877	-€13,308	-10.4%
Deferred charges and accrued income	490/1	€9,422	€5,049	-€4,373	-46.4%
Total equity and liabilities	10/49	€317,809	€288,991	-€28,817	-9.1%
Equity	10/15	€116,743	€126,295	+€9,553	+8.2%
Contributions	10/11	€29,350	€29,350	=	0.0%
Reserves	13	€120,500	€130,000	+€9,500	+7.9%
Non-distributable reserves	130/1	€500	€500	=	0.0%
Reserves not available under the articles	1311	€500	€500	=	0.0%
Distributable reserves	133	€120,000	€129,500	+€9,500	+7.9%
Profit (loss) carried forward	14	-€33,107	-€33,055	+€53	+0.2%
Amounts payable	17/49	€201,066	€162,696	-€38,370	-19.1%
Amounts payable after more than one year	17	€34,360	€17,241	-€17,118	-49.8%
Financial debts	170/4	€34,360	€17,241	-€17,118	-49.8%
Amounts payable within one year	42/48	€166,706	€145,106	-€21,600	-13.0%
Current portion of amounts payable after more than one year	42	€16,956	€17,118	+€162	+1.0%
Trade debts	44	€42,142	€27,414	-€14,728	-34.9%
Suppliers	440/4	€42,142	€27,414	-€14,728	-34.9%
Advances received on contracts in progress	46	-	€410	+€410
Taxes, remuneration and social security	45	€247	€873	+€626	+253%
Taxes	450/3	€247	-	-€247
Remuneration and social security	454/9	-	€873	+€873
Other amounts payable	47/48	€107,360	€99,290	-€8,070	-7.5%
Accrued charges and deferred income	492/3	-	€348	+€348
Remuneration, social security and pensions	62	€4,170	€7,532	+€3,362	+80.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets	630	€25,941	€22,883	-€3,058	-11.8%
Other operating charges	640/8	€5,443	€4,627	-€816	-15.0%
Gross operating margin	9900	€71,099	€56,158	-€14,941	-21.0%
Operating profit (loss)	9901	€35,545	€21,115	-€14,429	-40.6%
Financial income	75/76B	€1,078	€1,842	+€764	+70.9%
Recurring financial income	75	€1,078	€1,842	+€764	+70.9%
Financial charges	65/66B	€2,539	€2,252	-€287	-11.3%
Recurring financial charges	65	€2,539	€2,252	-€287	-11.3%
Profit (loss) for the period before taxes	9903	€34,084	€20,705	-€13,378	-39.3%
Income taxes	67/77	€11,041	€11,153	+€112	+1.0%
Profit (loss) for the period	9904	€23,043	€9,553	-€13,490	-58.5%
Profit (loss) for the period to be appropriated	9905	€23,043	€9,553	-€13,490	-58.5%

ZEESTER: value indication

ZEESTER: value indication

Position among the sector peers

What moved between 2024 and 2025

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Change in the result, 2024 to 2025

Derived cash bridge

Value

Indicative value of the equity

Adjusted equity

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Your EBITDA multiple

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