Assets

The company's long-term assets, including goodwill and other intangible assets, appear to be stable, with no impairment losses recognized in the current period. However, the company's reliance on these assets, particularly goodwill, may pose a risk if the company's profitability does not meet expectations or if external factors such as interest rates change significantly. The company's short-term assets, including cash and cash equivalents, are relatively stable, but the company's total assets and investments are somewhat volatile, reflecting the company's project-based nature and the associated challenges in predicting future cash flows.

Inventory

The realised value of Trainers' House Inventory in Q2 2026 is 0 million Euros, while the predicted value for Q2 2027 (e) is also 0 million Euros. This means that the inventory is expected to remain unchanged in one year, resulting in a change of 0 million Euros, or 0% increase. The Inventory is expected to remain unchanged from 2025 to 2026, and from 2026 to 2027, resulting in a zero change in millions of Euros. As a percentage, this represents a 0% change for both periods, with the year-end values for Inventory being 0.0 million Euros in 2025, 0.0 million Euros in 2026, and 0.0 million Euros in 2027.

Account Receivables

The Accounts receivable for Trainers' House is 0.9 million Euros in Q2 2026 and is expected to remain the same in Q2 2027 (e). As a result, the change in one year is 0 million Euros, which is a 0% change. The Accounts receivable is expected to remain the same from 2025 to 2026, with no change in millions. The percentage change from 2025 to 2026 is 0%, and from 2026 to 2027 is also 0%. The year-end values for Accounts receivable are 0.6 million Euros in 2025, 0.6 million Euros in 2026, and 0.6 million Euros in 2027.

The realised value for Q2 2026 is 1.6 million Euros, while the predicted value for Q2 2027 (e) is 2.1 million Euros. The expected change in one year is 0.5 million Euros, which represents a 31.25% increase. The predicted Cash value for 2026 is 1.9 million Euros, and for 2027 is 2.3 million Euros. The expected change from 2025 to 2026 is a decrease of 0.0 million Euros, or 0% in value, and from 2026 to 2027 is an increase of 0.4 million Euros, or 21.05% in value.

Shareholders Equity

The company's Shareholders' Equity has demonstrated a stable trend, with a slight increase in the current period, indicating a solid foundation for future growth. This stability can be attributed to the company's prudent financial management, which has allowed it to maintain a healthy equity ratio and effectively manage its financial risks. Furthermore, the company's ability to generate a positive result of the period, despite a decline in net sales, suggests that its financial position remains robust and well-equipped to navigate potential market fluctuations.

The equity value for Q2 2026 is 4.0 million Euros, and the predicted equity value for Q2 2027 (e) is 4.2 million Euros. The expected change in equity from Q2 2026 to Q2 2027 (e) is 0.2 million Euros, which represents a 5% increase. The Equity value is expected to decrease by 0.1 million Euros from 2025 to 2026, which is a 2.4% decrease. From 2026 to 2027, the Equity value is expected to increase by 0.2 million Euros, which is a 5% increase. The year-end Equity values for 2025, 2026, and 2027 are 4.1, 4.0, and 4.2 million Euros, respectively.

*Future dividents are not included in prediction

Debt

Trainers' House'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. The gearing ratio, while not excessively high, suggests that the company's debt levels are significant, which may limit its ability to invest in growth opportunities or respond to unexpected expenses. Notwithstanding the relatively strong equity ratio, the company's financial flexibility and resilience to economic downturns may be compromised by its debt burden, warranting closer monitoring of its debt management practices.

Account Payables

The realised value of Accounts payables in Q2 2026 is 1.5 million Euros, while the predicted value for Q2 2027 (e) is also 1.5 million Euros. The expected change in one year is zero million Euros, which translates to a percentage change of 0%. The Accounts payables for Trainers' House are expected to increase by 0.1 million Euros from 2025 to 2026, which is a 6.67% change. From 2026 to 2027, the Accounts payables are expected to decrease by 0.1 million Euros, representing a -6.25% change. The year-end values for Accounts payables are 1.5 million Euros in 2025, 1.6 million Euros in 2026, and 1.5 million Euros in 2027.

Net Debt

The Net Debt for Q2 2026 is -1.3 million Euros. The predicted Net Debt for Q2 2027 (e) is -1.8 million Euros. The expected change in Net Debt from Q2 2026 to Q2 2027 (e) is a decrease of 0.5 million Euros, which is a 38.46% decrease. The Net Debt is expected to decrease by 0.1 million Euros from 2025 to 2026, which is a 6.67% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 0.5 million Euros, which is a 31.25% decrease. The year-end Net Debt values for 2025, 2026, and 2027 are -1.5, -1.6, and -2.1 million Euros, respectively.