Assets

The company's long-term assets, primarily comprised of intangible assets and goodwill, have shown a significant increase, indicating a substantial investment in research and development, as well as strategic acquisitions. Conversely, the short-term assets, including cash and cash equivalents, have decreased, suggesting a potential liquidity crunch and a need for the company to manage its cash flow more effectively. Overall, the company's total assets have increased, but the composition of these assets has shifted towards more illiquid and intangible assets, which may impact the company's ability to generate cash and respond to changing market conditions.

Account Receivables

The accounts receivable for Q2 2026 is 4.9 million Euros, and for Q2 2027 (e) it is 3.3 million Euros. The accounts receivable is expected to decrease by 1.6 million Euros, which is a 32.65% decrease from Q2 2026 to Q2 2027 (e). The Accounts receivable is expected to decrease by 2.7 million Euros from 2025 to 2026, which is a 36% decrease. From 2026 to 2027, the Accounts receivable is expected to increase by 2.4 million Euros, which is a 108% increase from the 2026 value. The year-end values for Accounts receivable are 7.5 million Euros in 2025, 2.2 million Euros in 2026, and 4.6 million Euros in 2027.

The realised value for Q2 2026 is 10.6 million Euros, while the predicted value for Q2 2027 (e) is 8.8 million Euros. The cash is expected to decrease by 1.8 million Euros, which represents a decline of approximately 17% from the realised value in Q2 2026. The cash value is expected to decrease by 1.9 million Euros from 2025 to 2026, which is a decline of 17.9%. From 2026 to 2027, the cash value is predicted to decrease by 2.2 million Euros, representing a drop of 22.9%. The year-end cash values for the respective years are 10.6 million Euros in 2025, 9.7 million Euros in 2026, and 7.5 million Euros in 2027.

Shareholders Equity

The company's Shareholders' Equity has been impacted by the issuance of new shares and the acquisition of treasury shares, which has resulted in a moderate increase in equity. However, the overall trend is stable, with a slight decrease in unrestricted equity due to dividend distribution and a decrease in retained earnings. The company's ability to maintain a stable equity position despite the economic uncertainty and changes in the market environment is a testament to its financial resilience and management's prudent decision-making.

The equity value for Q2 2026 is 12.3 million Euros, and the predicted equity value for Q2 2027 (e) is 12.7 million Euros. The expected change in equity value from Q2 2026 to Q2 2027 (e) is 0.4 million Euros, which represents a 3.25% increase. The equity is expected to decrease by 2.8 million Euros from 2025 to 2026, which is a 19.7% drop. From 2026 to 2027, the equity is expected to remain the same, resulting in no change in value. The year-end values for Equity are 14.1 million Euros in 2025, 12.3 million Euros in 2026, and 12.3 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's reliance on short-term debt is a concern, as it may indicate a lack of long-term financial planning and potentially expose the company to liquidity risks in the event of unexpected cash outflows. Furthermore, the high gearing ratio suggests that the company's financial flexibility is limited, making it vulnerable to changes in market conditions and interest rates. However, the equity ratio is relatively stable, indicating that the company's shareholders have a significant stake in the business and may be able to absorb some of the financial shocks, thereby mitigating the impact of high debt levels.

Account Payables

The realised value of Accounts payables in Q2 2026 is 0.8 million Euros, while the predicted value for Q2 2027 (e) is also 0.8 million Euros. The expected change in one year is zero, as both values are identical, which translates to a percentage change of 0%. The Accounts payables for Digital Workforce Services is expected to decrease by 0.3 million Euros from 2025 to 2026, which is a 13% decrease. From 2026 to 2027, it is expected to increase by 0.3 million Euros, a 15% increase. The year-end values for Accounts payables are 2.3 million Euros in 2025, 2.0 million Euros in 2026, and 2.3 million Euros in 2027.

Net Debt

The Net Debt in Q2 2026 is -3.4 million Euros. The predicted Net Debt in Q2 2027 (e) is -1.7 million Euros, indicating a decrease of 0.7 million Euros, or a 20.6% reduction from the previous quarter's value. The Net Debt is expected to decrease by 3.0 million Euros from 2025 to 2026, which is a 54.5% reduction. From 2026 to 2027, the Net Debt is predicted to decrease by 2.2 million Euros, a 84.6% reduction. The year-end Net Debt values are -5.5 million Euros in 2025, -2.6 million Euros in 2026, and -0.4 million Euros in 2027.