AI businesses / Fictional demonstration
Serennix AI SAS
FICTIONAL DEMONSTRATION. Every company, person and number in these packs is invented for demonstration.
FICTIONAL DEMONSTRATION. Every company, person and number in these packs is invented for demonstration.
Base
Executive review
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
3. What the numbers say (Base)
| Measure | Value |
|---|---|
| YTD Aug-26 revenue vs budget | EUR 4,206k against EUR 4,316k; variance (2.5%); 44.1% on the same months of 2025 |
| YTD EBITDA vs budget | (EUR 3,083k) against (EUR 2,970k); gross margin 56.8% against 60.5% budgeted |
| Revenue variance by cause, YTD | Pravenza Retail not renewed (EUR 101k); new accounts later than budgeted (EUR 42k); existing accounts on usage EUR 53k; Team customer numbers (EUR 46k); Team usage above the allowance EUR 25k; Developer credits used EUR 17k |
| FY2026 revenue, gross margin, EBITDA, net result | EUR 6,615k (39.4% on FY2025), 58.5%, (EUR 4,483k), (EUR 4,388k) |
| Research tax credit | EUR 1,138k accrued for FY2026 (17.2% of revenue); EBITDA before the credit (EUR 5,621k); the FY2025 claim of EUR 936k was refunded in July 2026 |
| Revenue mix FY2026 | Enterprise 47%, Team 37%, Developer 16%; pure usage 24% of revenue |
| Price and compute cost per 1,000 units, FY2026 to FY2027 | Document AI EUR 10.13 and EUR 1.34 to EUR 9.05 and EUR 1.21; Voice AI EUR 7.46 and EUR 2.78 to EUR 6.64 and EUR 2.31; Agent workspace EUR 17.56 and EUR 5.45 to EUR 15.60 and EUR 4.39 |
| Gross margin FY2026 by product and segment | Document AI 72%, Voice AI 48%, Agent workspace 54%; Developer 64%, Team 63%, Enterprise 56%; by account 43% (Maltessa Telecom) to 65% (Draxholm Logistik) |
| Contract balances at Aug-26 | Developer credits EUR 249k (face value EUR 342k); Enterprise billed ahead of usage EUR 419k, usage not yet billed EUR 22k; unused Enterprise commitments recognised in FY2026 EUR 326k |
| Enterprise net revenue retention on usage | 117% at Aug-26, 117% at Dec-27 |
| Compute | 25.1% of revenue in FY2026 against 26.1% in FY2025, 23.6% in FY2027; inference at 96% of usable reserved GPU hours in Dec-26 |
| Provider A commitment | USD 780k for 2026, spend USD 666k: shortfall USD 113.5k provided as onerous (EUR 99k in FY2026) |
| Provider concentration | 56% of FY2026 revenue runs on vendor B models; compute spend: vendor B 59%, Provider A 34%, vendor C 7% |
| Cash | EUR 9,337k at Aug-26; 13-week low EUR 7,830k in the week ending 11 Dec 2026; lowest month-end EUR 3,526k in Dec-27, EUR 526k above the EUR 3.0m board buffer |
| Scenario (negatives in brackets) | FY2027 revenue | FY2027 gross margin | FY2027 EBITDA | Lowest month-end cash | Headroom over the buffer |
|---|---|---|---|---|---|
| Base | EUR 8,684k (31.3% growth) | 61.9% | (EUR 4,112k) | EUR 3,526k in Dec-27 | EUR 526k |
| Downside | EUR 6,948k (7.5% growth) | 53.0% | (EUR 4,790k) | EUR 1,918k in Nov-27 | (EUR 1,082k) |
| Upside | EUR 9,599k (43.6% growth) | 65.8% | (EUR 3,344k) | EUR 4,379k in Dec-27 | EUR 1,379k |
The story: revenue grows 39% in FY2026 but lands 3.8% below budget, because Pravenza Retail moved its workload to an in-house model at its March renewal and the new Enterprise accounts came months later than budgeted. Gross margin is 3.7 points under budget year to date (56.8% against 60.5%): list prices fell 8% in January while vendor B kept its model price, and the Provider A commitment will fall USD 114k short, which is provided. FY2027 turns on vendor B: at USD 1.50 per million tokens the cost per unit falls faster than the 10% price cut and gross margin reaches 61.9%; the Downside (20% cut, vendor B at USD 1.80) takes it to 53.0%. Voice, the most model-intensive product, earns the thinnest margin (48%). The research tax credit is worth EUR 1.14m a year, without which the business consumes EUR 5.62m of EBITDA. Cash of EUR 9.34m carries the Base through 2027 EUR 526k above the buffer, but the Downside falls EUR 1,082k below it by Nov-27: the next equity round has to close in 2027 and the process starts in the first quarter.
| Measure | Unit | Base | Downside | Upside |
|---|---|---|---|---|
| FY2026 revenue (outlook) | EUR | 6,615,228.1449 | 6,461,934.695 | 6,686,782.3385 |
| FY2027 revenue | EUR | 8,683,872.0009 | 6,948,117.9701 | 9,599,358.5438 |
| FY2027 revenue growth | % | 31.27% | 7.52% | 43.56% |
| FY2026 gross margin % | % | 58.53% | 56.87% | 59.28% |
| FY2027 gross margin % | % | 61.94% | 53.02% | 65.77% |
| FY2027 compute in cost of revenue, % of revenue | % | 23.63% | 31.3% | 21% |
| FY2026 EBITDA | EUR | -4,483,458.7345 | -4,608,065.6446 | -4,405,290.6802 |
| FY2027 EBITDA | EUR | -4,111,553.0456 | -4,789,844.5215 | -3,344,098.8799 |
| FY2027 EBITDA before the research tax credit | EUR | -5,423,328.184 | -5,983,033.8291 | -4,662,242.1038 |
| FY2027 net profit / (loss) | EUR | -4,121,188.6357 | -4,805,770.2773 | -3,345,349.9682 |
| Enterprise net revenue retention on usage at Dec-27 | % | 117.26% | 89.31% | 130.53% |
| Provider A 2026 commitment: shortfall (USD) | EUR | 113,508.8574 | 117,738.7791 | 111,625.8218 |
| Provider A 2027 commitment: shortfall (USD) | EUR | 0 | 0 | 0 |
| FY2027 on-demand GPU hours | EUR | 0 | 843.7481 | 0 |
| Cash at 31-Dec-26 | EUR | 7,793,186.7137 | 7,536,276.1494 | 7,874,277.389 |
| Cash at 31-Dec-27 | EUR | 3,525,929.5474 | 2,689,612.8649 | 4,378,557.3416 |
| Lowest month-end cash, Sep-26 to Dec-27 | EUR | 3,525,929.5474 | 1,918,094.8112 | 4,378,557.3416 |
| Month of the lowest cash | month | 2027-12-31 | 2027-11-30 | 2027-12-31 |
| Headroom at the lowest point over the board buffer (negative = below) | EUR | 525,929.5474 | -1,081,905.1888 | 1,378,557.3416 |
| Research tax credit receivable at Dec-27 | EUR | 1,311,775.1384 | 1,193,189.3076 | 1,318,143.2239 |
| FY2027 net burn | EUR | 4,267,257.1663 | 4,846,663.2845 | 3,495,720.0474 |
| Headcount at Dec-27 | number | 90.0995 | 79.2968 | 90.0995 |
P&L & budget
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: prepaid credits used, breakage and true-ups | REVENUE (IFRS 15) | Revenue | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,113.7804 | 95,687.1101 | 101,214.1829 | 99,148.4957 | 111,475.371 | 111,811.665 | 117,330.7937 | 119,396.0583 | 126,101.3305 | 122,409.4371 | 127,598.9005 | 126,499.4176 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,053,571.2182 | 1,531,023.4287 |
| Team: plan fees | REVENUE (IFRS 15) | Revenue | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 169,400.3255 | 172,854.6005 | 175,919.6581 | 178,340.326 | 181,640.7135 | 184,553.3944 | 187,613.7295 | 190,091.6914 | 192,395.6943 | 194,794.7078 | 196,355.6016 | 196,826.9851 | 199,702.6934 | 202,663.3135 | 205,238.0038 | 207,165.1193 | 1,979,743.0002 | 2,339,041.6476 |
| Team: usage above the allowance | REVENUE (IFRS 15) | Revenue | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 38,962.0749 | 39,756.5581 | 40,461.5214 | 41,018.275 | 41,777.3641 | 42,447.2807 | 43,151.1578 | 43,721.089 | 44,251.0097 | 44,802.7828 | 45,161.7884 | 45,270.2066 | 45,931.6195 | 46,612.5621 | 47,204.7409 | 47,647.9774 | 453,712.8093 | 537,979.579 |
| Enterprise: usage | REVENUE (IFRS 15) | Revenue | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 252,558.9101 | 255,208.3339 | 268,076.9709 | 279,410.0937 | 285,510.9299 | 294,303.0007 | 304,956.2266 | 305,951.8044 | 318,886.0984 | 320,622.7446 | 324,437.0173 | 330,240.1598 | 335,702.4595 | 339,999.4009 | 344,764.0952 | 351,750.351 | 2,806,498.2186 | 3,857,124.2882 |
| Enterprise: unused commitments at contract year end | REVENUE (IFRS 15) | Revenue | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 109,744.5206 | 0 | 0 | 0 | 20,670.2974 | 0 | 104,530.0505 | 0 | 0 | 121,386.0965 | 0 | 11,712.1204 | 53,716.338 | 66,428.4736 | 40,259.681 | 0 | 326,220.7006 | 418,703.0574 |
| Enterprise: credit notes and refund liability | REVENUE (IFRS 15) | Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | -0.002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.802 | 0 |
| REVENUE | REVENUE (IFRS 15) | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 661,779.6116 | 563,506.6006 | 585,672.3332 | 597,917.1905 | 641,074.6759 | 633,115.3408 | 757,581.958 | 659,160.6431 | 681,634.1329 | 804,015.7689 | 693,553.3077 | 710,548.8894 | 768,417.6074 | 796,036.4649 | 783,106.523 | 755,626.6889 | 6,615,228.1449 | 8,683,872.0009 | |
| Reserved GPUs: inference and idle capacity | COST OF REVENUE | Usage_Compute | -16,454.6307 | -15,833.3799 | -16,709.4653 | -16,380.1666 | -16,767.5276 | -17,368.833 | -18,512.7879 | -18,235.267 | -18,560.2037 | -18,490.1128 | -19,037.244 | -19,615.2962 | -22,095.3513 | -22,246.121 | -23,233.2134 | -22,688.9435 | -23,395.4232 | -23,475.4715 | -23,203.3282 | -23,418.983 | -23,710.5975 | -23,621.3239 | -23,851.0012 | -24,346.9105 | -211,964.9148 | -279,286.6682 |
| On-demand GPUs | COST OF REVENUE | Usage_Compute | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B (voice and agent models) | COST OF REVENUE | Usage_Compute | -77,180.9832 | -78,954.191 | -79,649.1002 | -78,257.7958 | -85,444.3074 | -84,994.0262 | -93,711.4916 | -93,729.397 | -95,713.6103 | -73,230.1771 | -75,966.2996 | -78,121.1113 | -88,830.5731 | -91,265.5301 | -94,299.5666 | -95,077.7207 | -98,007.458 | -99,129.5372 | -100,067.5849 | -101,034.5076 | -102,929.4318 | -104,956.0774 | -106,742.8181 | -108,653.8588 | -994,952.4908 | -1,190,994.6642 |
| Model API vendor C (document models) | COST OF REVENUE | Usage_Compute | -8,172.87 | -8,429.57 | -8,033.9 | -8,834.88 | -9,004.17 | -9,240.64 | -9,844.35 | -9,871.04 | -9,998.797 | -10,170.8811 | -10,610.6259 | -10,991.7997 | -12,514.0722 | -12,861.9535 | -13,208.3484 | -13,350.8225 | -13,776.8786 | -13,899.4931 | -14,077.7959 | -14,239.4198 | -14,583.2672 | -14,845.8699 | -15,106.544 | -15,377.6486 | -113,203.5237 | -167,842.1137 |
| Hosting, storage and network | COST OF REVENUE | Usage_Compute | -27,265.9027 | -26,363.7063 | -25,891.2269 | -25,947.8257 | -25,984.537 | -28,926.8125 | -30,399.7723 | -30,151.9106 | -29,156.803 | -29,414.2166 | -29,986.5902 | -30,434.8377 | -32,467.9997 | -32,938.9147 | -33,478.1345 | -33,640.7384 | -34,197.8404 | -34,383.5176 | -34,588.5691 | -34,797.7951 | -35,212.7727 | -35,591.9173 | -35,942.702 | -36,312.9757 | -339,924.1415 | -413,553.877 |
| Unused committed cloud spend (IAS 37) | COST OF REVENUE | Commitments | 0 | 0 | 0 | 0 | 0 | -47,755.4919 | -22,315.455 | -27,832.9607 | -1,118.0391 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -99,021.9466 | 0 |
| Card processing fees | COST OF REVENUE | Receivables | -5,639.98 | -5,763.05 | -6,071.85 | -5,962.55 | -6,279.26 | -6,407.25 | -6,447.74 | -6,341.18 | -6,792.5796 | -6,976.3668 | -7,071.6274 | -7,096.7818 | -7,434.0359 | -7,526.7596 | -7,727.6307 | -7,766.6885 | -7,881.816 | -8,060.279 | -7,999.7458 | -7,814.4605 | -8,592.6727 | -8,803.5643 | -8,892.649 | -8,888.8534 | -76,850.2157 | -97,389.1553 |
| Solutions, support and customer success payroll | COST OF REVENUE | People | -69,282.284 | -65,313.6192 | -74,615.3621 | -71,399.9408 | -77,266.9323 | -80,438.9828 | -72,218.0166 | -58,681.5099 | -81,735.2513 | -85,448.703 | -87,359.5369 | -83,487.8761 | -97,280.7797 | -91,919.1188 | -96,174.4374 | -98,053.8666 | -97,231.6967 | -101,645.5677 | -89,099.7045 | -75,744.5226 | -103,923.6136 | -101,656.6386 | -103,910.07 | -99,403.3429 | -907,248.0149 | -1,156,043.3591 |
| TOTAL COST OF REVENUE | COST OF REVENUE | -203,996.6506 | -200,657.5164 | -210,970.9044 | -206,783.1589 | -220,746.7343 | -275,132.0364 | -253,449.6135 | -244,843.2652 | -243,075.2841 | -223,730.4573 | -230,031.9241 | -229,747.7028 | -260,622.812 | -258,758.3976 | -268,121.331 | -270,578.7802 | -274,491.1128 | -280,593.8661 | -269,036.7284 | -257,049.6886 | -288,952.3553 | -289,475.3913 | -294,445.7844 | -292,983.5899 | -2,743,165.2481 | -3,305,109.8375 | |
| GROSS PROFIT | COST OF REVENUE | revenue - cost of revenue | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 293,094.2495 | 313,456.6125 | 329,300.8275 | 418,704.3275 | 339,776.1432 | 355,640.409 | 368,169.4876 | 380,451.8639 | 374,356.9432 | 489,460.627 | 388,581.8629 | 407,143.02 | 523,421.9028 | 424,516.5793 | 453,499.2009 | 479,465.252 | 506,561.0736 | 488,660.7387 | 462,643.099 | 3,872,062.8968 | 5,378,762.1634 |
| Gross margin % of revenue | COST OF REVENUE | 58.91% | 57.75% | 58.89% | 57.71% | 57.84% | 51.58% | 55.29% | 57.36% | 63.27% | 60.3% | 60.72% | 61.58% | 59.35% | 59.13% | 64.61% | 58.95% | 59.73% | 65.1% | 61.21% | 63.82% | 62.4% | 63.64% | 62.4% | 61.23% | 58.53% | 61.94% | |
| Research and development payroll | OPERATING EXPENSES | People | -426,416.0466 | -414,775.524 | -440,616.2489 | -432,126.2003 | -418,070.2288 | -445,030.2542 | -400,259.6876 | -319,302.3044 | -443,282.3766 | -439,921.229 | -449,886.1757 | -430,518.8852 | -494,710.597 | -467,996.3717 | -499,918.6862 | -476,230.7304 | -472,595.8681 | -503,352.7837 | -442,011.4263 | -376,744.0857 | -524,788.378 | -513,411.4309 | -524,547.6671 | -502,107.7176 | -5,060,205.1613 | -5,798,415.7428 |
| Research compute (reserved GPU hours used for training and experiments) | OPERATING EXPENSES | Usage_Compute | -3,322.8253 | -1,900.1903 | -3,374.2862 | -2,811.6318 | -3,118.3629 | -2,136.2464 | -1,818.998 | -1,787.8504 | -1,036.7604 | -1,760.0835 | -559.7201 | -634.9001 | -3,217.394 | -617.0038 | -2,079.5319 | -1,807.2617 | -1,917.3221 | -1,020.7337 | -2,109.4172 | -1,893.7624 | -785.6077 | -1,691.4215 | -645.204 | -965.8349 | -24,261.8554 | -18,750.4949 |
| Sales and marketing payroll incl. commissions | OPERATING EXPENSES | People | -117,339.0478 | -164,389.1399 | -124,740.4869 | -180,592.3832 | -124,729.2477 | -174,862.3643 | -161,265.5206 | -104,503.2859 | -145,515.6544 | -158,274.4504 | -166,043.6973 | -139,084.4631 | -148,335.1641 | -209,034.9149 | -161,982.7616 | -206,121.6476 | -162,119.3363 | -208,436.032 | -186,172.4703 | -129,920.2402 | -178,754.4873 | -192,885.2744 | -190,921.0713 | -164,153.5354 | -1,761,339.7414 | -2,138,836.9355 |
| Paid media and content | OPERATING EXPENSES | Overheads | -40,122.19 | -38,266.5 | -44,158.36 | -39,060.9 | -36,977.95 | -39,565.64 | -38,526.92 | -31,571.67 | -38,000 | -43,700 | -38,000 | -38,000 | -38,950 | -38,950 | -44,792.5 | -38,950 | -38,950 | -38,950 | -38,950 | -31,160 | -38,950 | -44,792.5 | -38,950 | -38,950 | -465,950.13 | -471,295 |
| Events and conferences | OPERATING EXPENSES | Overheads | -14,295.59 | -12,160.67 | -12,759.39 | -12,697.28 | -14,181.74 | -38,077.73 | -14,789.14 | -13,126.66 | -14,000 | -14,000 | -14,000 | -14,000 | -14,350 | -14,350 | -14,350 | -14,350 | -14,350 | -35,875 | -14,350 | -14,350 | -14,350 | -14,350 | -14,350 | -14,350 | -188,088.2 | -193,725 |
| General and administrative payroll | OPERATING EXPENSES | People | -68,558.4545 | -64,835.6856 | -74,115.9405 | -70,456.6091 | -69,660.2685 | -72,774.625 | -65,278.1072 | -53,117.7534 | -74,269.6485 | -72,142.2541 | -73,805.65 | -70,604.2594 | -75,965.3574 | -71,857.8332 | -75,245.4017 | -71,652.8771 | -71,111.7226 | -74,390.587 | -70,892.7763 | -60,263.463 | -82,566.263 | -80,770.0514 | -82,556.4102 | -78,984.3561 | -829,619.2558 | -896,257.0991 |
| Software and IT tools | OPERATING EXPENSES | Overheads | -17,964.17 | -17,385.59 | -18,123.85 | -19,869.56 | -17,944.87 | -18,293.52 | -18,498.38 | -18,949.95 | -18,287.2 | -18,576.6353 | -18,816.0773 | -18,809.2811 | -20,505.5053 | -20,738.3425 | -20,967.1402 | -21,453.369 | -21,444.4475 | -21,683.4722 | -21,927.6456 | -21,924.0733 | -22,168.4735 | -22,166.4605 | -22,164.4379 | -22,164.4716 | -221,519.0838 | -259,307.8391 |
| Office rent, Paris | OPERATING EXPENSES | Overheads | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -408,000 | -418,200 |
| Legal, statutory audit and accounting | OPERATING EXPENSES | Overheads | -16,317.2 | -16,190.39 | -34,446.7 | -17,409.94 | -15,872.42 | -15,162.98 | -17,487.83 | -15,878.32 | -16,000 | -16,000 | -16,000 | -16,000 | -16,400 | -16,400 | -36,080 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -212,765.78 | -216,480 |
| Insurance | OPERATING EXPENSES | Overheads | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -54,000 | -55,350 |
| Recruitment | OPERATING EXPENSES | Overheads | -7,675.8 | -16,033.25 | -23,048.39 | -14,790.36 | -9,257.09 | -7,702.66 | -1,000 | -1,000 | -1,000 | -16,000 | -14,525 | -6,955.1458 | -44,542.4384 | -14,667.5265 | -14,664.6288 | -22,568.8311 | -7,689.0892 | -15,244.7836 | -15,461.0863 | -7,957.4427 | -15,516.776 | -8,066.3549 | -8,065.5516 | -8,127.7269 | -118,987.6958 | -182,572.236 |
| Travel | OPERATING EXPENSES | Overheads | -11,939.7 | -11,991.62 | -11,894.58 | -10,435.89 | -10,844.45 | -10,029.29 | -10,860.83 | -9,587.64 | -11,000 | -11,000 | -11,000 | -11,000 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -131,584 | -135,300 |
| Local business taxes (CFE and CVAE) | OPERATING EXPENSES | Overheads | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -16,800 | -17,600 |
| TOTAL OPERATING EXPENSES | OPERATING EXPENSES | -763,851.0242 | -797,828.5599 | -827,178.2325 | -840,150.7543 | -760,556.6279 | -863,535.3098 | -769,685.4134 | -608,725.4342 | -802,291.6398 | -831,274.6523 | -842,536.3204 | -785,506.9348 | -909,180.6228 | -906,816.1593 | -922,284.817 | -921,738.8836 | -858,781.9525 | -967,557.5589 | -860,478.9887 | -712,817.234 | -946,484.1522 | -946,737.6602 | -950,804.5088 | -898,407.8092 | -9,493,120.9035 | -10,802,090.3474 | |
| Research tax credit (CIR), other operating income (IAS 20) | OPERATING EXPENSES | Research_Credit | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,308.6032 | 95,319.4832 | 95,309.2601 | 95,292.588 | 105,368.7486 | 105,308.7471 | 108,121.209 | 108,098.2718 | 108,075.0258 | 109,364.1702 | 109,353.621 | 109,342.9661 | 112,215.2492 | 112,191.4023 | 112,167.6653 | 112,168.0619 | 1,137,599.2721 | 1,311,775.1384 |
| EBITDA | OPERATING EXPENSES | -382,177.4006 | -430,481.3774 | -430,888.4967 | -460,324.9603 | -361,410.4906 | -473,889.7719 | -359,287.2485 | -184,909.7429 | -290,278.7091 | -396,179.0259 | -391,586.6513 | -322,044.8592 | -423,360.0103 | -427,150.469 | -324,702.981 | -425,058.7488 | -343,563.9066 | -334,771.4859 | -326,608.7884 | -149,975.0671 | -354,803.6509 | -327,985.1843 | -349,976.1049 | -323,596.6484 | -4,483,458.7345 | -4,111,553.0456 | |
| EBITDA % of revenue | OPERATING EXPENSES | -76.98% | -90.65% | -83.96% | -94.14% | -69.03% | -83.4% | -63.38% | -32.21% | -43.86% | -70.31% | -66.86% | -53.86% | -66.04% | -67.47% | -42.86% | -64.48% | -50.4% | -41.64% | -47.09% | -21.11% | -46.17% | -41.2% | -44.69% | -42.82% | -67.77% | -47.35% | |
| EBITDA before the research tax credit (memo) | OPERATING EXPENSES | -471,388.0088 | -523,598.8676 | -524,969.2233 | -557,963.9059 | -457,724.353 | -570,441.0603 | -456,228.8009 | -279,424.6067 | -383,587.3123 | -491,498.5091 | -486,895.9114 | -417,337.4471 | -528,728.7589 | -532,459.2162 | -432,824.19 | -533,157.0207 | -451,638.9324 | -444,135.6561 | -435,962.4095 | -259,318.0332 | -467,018.9001 | -440,176.5866 | -462,143.7702 | -435,764.7102 | -5,621,058.0066 | -5,423,328.184 | |
| Depreciation | BELOW EBITDA | Fixed_Assets | -6,000 | -6,140.4931 | -6,342.4567 | -6,606.6817 | -6,808.4072 | -6,938.7839 | -7,090.5469 | -7,152.59 | -7,213.2847 | -7,282.7292 | -7,485.5069 | -7,675.1736 | -7,797.5527 | -8,254.041 | -8,444.9746 | -8,635.8824 | -8,897.0498 | -9,025.9528 | -9,222.0176 | -9,420.005 | -9,551.2934 | -9,749.7758 | -9,882.0323 | -10,014.2817 | -82,736.6539 | -108,894.859 |
| EBIT | BELOW EBITDA | -388,177.4006 | -436,621.8704 | -437,230.9534 | -466,931.642 | -368,218.8978 | -480,828.5558 | -366,377.7955 | -192,062.3329 | -297,491.9938 | -403,461.7551 | -399,072.1582 | -329,720.0328 | -431,157.5629 | -435,404.51 | -333,147.9556 | -433,694.6312 | -352,460.9564 | -343,797.4387 | -335,830.806 | -159,395.0721 | -364,354.9443 | -337,734.9601 | -359,858.1372 | -333,610.93 | -4,566,195.3884 | -4,220,447.9046 | |
| Interest on deposits | BELOW EBITDA | Treasury | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,538.5452 | 12,712.8582 | 12,150.7857 | 11,689.7801 | 10,747.8255 | 10,112.7177 | 9,634.361 | 8,736.9673 | 8,162.5729 | 7,690.9143 | 6,825.955 | 6,107.687 | 7,280.3332 | 6,443.8996 | 5,826.2554 | 180,593.5625 | 99,259.2689 |
| Exchange differences on USD supplier payments | BELOW EBITDA | Payables | 266.39 | 903.6018 | -2,821.3025 | 1,577.6786 | -338.2801 | -1,778.6851 | -1,168.6618 | 2,192.8698 | -1,631.9964 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,798.3858 | 0 |
| PROFIT / (LOSS) BEFORE TAX | BELOW EBITDA | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -285,118.1169 | -389,923.2098 | -386,359.3 | -317,569.2471 | -419,467.7829 | -424,656.6846 | -323,035.2379 | -424,060.2702 | -343,723.9892 | -335,634.8659 | -328,139.8916 | -152,569.1171 | -358,247.2573 | -330,454.627 | -353,414.2375 | -327,784.6746 | -4,388,400.2117 | -4,121,188.6357 | |
| Corporate income tax | BELOW EBITDA | Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET PROFIT / (LOSS) | BELOW EBITDA | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -285,118.1169 | -389,923.2098 | -386,359.3 | -317,569.2471 | -419,467.7829 | -424,656.6846 | -323,035.2379 | -424,060.2702 | -343,723.9892 | -335,634.8659 | -328,139.8916 | -152,569.1171 | -358,247.2573 | -330,454.627 | -353,414.2375 | -327,784.6746 | -4,388,400.2117 | -4,121,188.6357 | |
| Net profit % of revenue | BELOW EBITDA | -74.45% | -88.06% | -82.44% | -91.82% | -67.45% | -82.33% | -62.33% | -30.52% | -43.08% | -69.2% | -65.97% | -53.11% | -65.43% | -67.07% | -42.64% | -64.33% | -50.43% | -41.74% | -47.31% | -21.47% | -46.62% | -41.51% | -45.13% | -43.38% | -66.34% | -47.46% | |
| Revenue: Developer | SEGMENT AND FUNCTIONAL VIEW (memo) | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,113.7804 | 95,687.1101 | 101,214.1829 | 99,148.4957 | 111,475.371 | 111,811.665 | 117,330.7937 | 119,396.0583 | 126,101.3305 | 122,409.4371 | 127,598.9005 | 126,499.4176 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,053,571.2182 | 1,531,023.4287 | |
| Revenue: Team | SEGMENT AND FUNCTIONAL VIEW (memo) | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 208,362.4004 | 212,611.1586 | 216,381.1795 | 219,358.601 | 223,418.0776 | 227,000.6751 | 230,764.8872 | 233,812.7805 | 236,646.704 | 239,597.4906 | 241,517.3899 | 242,097.1917 | 245,634.3128 | 249,275.8757 | 252,442.7447 | 254,813.0968 | 2,433,455.8095 | 2,877,021.2266 | |
| Revenue: Enterprise | SEGMENT AND FUNCTIONAL VIEW (memo) | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 362,303.4308 | 255,208.3319 | 268,076.9709 | 279,410.0937 | 306,181.2273 | 294,303.0007 | 409,486.2771 | 305,951.8044 | 318,886.0984 | 442,008.8411 | 324,437.0173 | 341,952.2802 | 389,418.7975 | 406,427.8745 | 385,023.7762 | 351,750.351 | 3,128,201.1172 | 4,275,827.3456 | |
| Compute in cost of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | -129,074.3866 | -129,580.8472 | -130,283.6924 | -129,420.6681 | -137,200.542 | -140,530.3118 | -152,468.4019 | -151,987.6147 | -153,429.414 | -131,305.3875 | -135,600.7598 | -139,163.0449 | -155,907.9964 | -159,312.5192 | -164,219.2629 | -164,758.2251 | -169,377.6001 | -170,888.0194 | -171,937.2781 | -173,490.7055 | -176,436.0691 | -179,015.1884 | -181,643.0654 | -184,691.3935 | -1,660,045.0708 | -2,051,677.3231 | |
| Research and development (payroll and compute), before the CIR | SEGMENT AND FUNCTIONAL VIEW (memo) | -429,738.8719 | -416,675.7144 | -443,990.5351 | -434,937.8321 | -421,188.5917 | -447,166.5006 | -402,078.6856 | -321,090.1548 | -444,319.137 | -441,681.3125 | -450,445.8959 | -431,153.7853 | -497,927.991 | -468,613.3756 | -501,998.2181 | -478,037.9921 | -474,513.1902 | -504,373.5174 | -444,120.8435 | -378,637.8481 | -525,573.9857 | -515,102.8524 | -525,192.8711 | -503,073.5525 | -5,084,467.0167 | -5,817,166.2376 | |
| Sales and marketing | SEGMENT AND FUNCTIONAL VIEW (memo) | -171,756.8278 | -214,816.3099 | -181,658.2369 | -232,350.5632 | -175,888.9377 | -252,505.7343 | -214,581.5806 | -149,201.6159 | -197,515.6544 | -215,974.4504 | -218,043.6973 | -191,084.4631 | -201,635.1641 | -262,334.9149 | -221,125.2616 | -259,421.6476 | -215,419.3363 | -283,261.032 | -239,472.4703 | -175,430.2402 | -232,054.4873 | -252,027.7744 | -244,221.0713 | -217,453.5354 | -2,415,378.0714 | -2,803,856.9355 | |
| General and administrative | SEGMENT AND FUNCTIONAL VIEW (memo) | -162,355.3245 | -166,336.5356 | -201,529.4605 | -172,862.3591 | -163,479.0985 | -163,863.075 | -153,025.1472 | -138,433.6634 | -160,456.8485 | -173,618.8894 | -174,046.7273 | -163,268.6864 | -209,617.4677 | -175,867.8689 | -199,161.3374 | -184,279.2439 | -168,849.426 | -179,923.0095 | -176,885.6749 | -158,749.1457 | -188,855.6791 | -179,607.0334 | -181,390.5664 | -177,880.7213 | -1,993,275.8154 | -2,181,067.1743 | |
| Research and development % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 86.56% | 87.74% | 86.52% | 88.95% | 80.44% | 78.7% | 70.93% | 55.93% | 67.14% | 78.38% | 76.91% | 72.11% | 77.67% | 74.02% | 66.26% | 72.52% | 69.61% | 62.73% | 64.04% | 53.29% | 68.4% | 64.71% | 67.07% | 66.58% | 76.86% | 66.99% | |
| Sales and marketing % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 34.6% | 45.24% | 35.4% | 47.52% | 33.59% | 44.44% | 37.85% | 25.99% | 29.85% | 38.33% | 37.23% | 31.96% | 31.45% | 41.44% | 29.19% | 39.36% | 31.6% | 35.23% | 34.53% | 24.69% | 30.2% | 31.66% | 31.19% | 28.78% | 36.51% | 32.29% | |
| General and administrative % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 32.7% | 35.03% | 39.27% | 35.35% | 31.22% | 28.84% | 26.99% | 24.11% | 24.25% | 30.81% | 29.72% | 27.31% | 32.7% | 27.78% | 26.29% | 27.96% | 24.77% | 22.38% | 25.5% | 22.34% | 24.58% | 22.56% | 23.16% | 23.54% | 30.13% | 25.12% | |
| Compute in cost of revenue % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 23.18% | 23.3% | 23.15% | 23.27% | 24.32% | 25.16% | 21.68% | 25% | 24.85% | 21.25% | 24.79% | 24.42% | 22.96% | 22.49% | 23.2% | 24.44% | 25.09% | 23.63% |
| Measure | Section | Basis | 2026-01 Budget | 2026-02 Budget | 2026-03 Budget | 2026-04 Budget | 2026-05 Budget | 2026-06 Budget | 2026-07 Budget | 2026-08 Budget | 2026-09 Budget | 2026-10 Budget | 2026-11 Budget | 2026-12 Budget | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: prepaid credits used, breakage and true-ups | REVENUE | budget input | 75,885.46 | 80,377.1 | 79,610.28 | 81,828.43 | 81,527.66 | 83,727.17 | 84,939.71 | 82,422.82 | 86,831.85 | 90,832.3 | 94,867.79 | 95,560.9 | 1,018,411.47 |
| Team: plan fees | REVENUE | budget input | 149,907.33 | 155,406.42 | 161,074.4 | 166,043.2 | 170,795.37 | 175,651.52 | 179,494.33 | 182,014.25 | 187,406.5 | 192,897.41 | 197,919.25 | 202,151.86 | 2,120,761.84 |
| Team: usage above the allowance | REVENUE | budget input | 29,981.47 | 31,081.28 | 32,214.88 | 33,208.64 | 34,159.07 | 35,130.3 | 35,898.87 | 36,402.85 | 37,481.3 | 38,579.48 | 39,583.85 | 40,430.37 | 424,152.36 |
| Enterprise revenue | REVENUE | budget input | 237,421.35 | 203,599.79 | 271,955.39 | 222,790.34 | 266,594.46 | 284,279.41 | 282,634.34 | 287,455.23 | 375,994.48 | 286,750.21 | 292,931.81 | 299,260.96 | 3,311,667.77 |
| REVENUE | REVENUE | 493,195.61 | 470,464.59 | 544,854.95 | 503,870.61 | 553,076.56 | 578,788.4 | 582,967.25 | 588,295.15 | 687,714.13 | 609,059.4 | 625,302.7 | 637,404.09 | 6,874,993.44 | |
| Reserved GPUs: inference and idle capacity | COST OF REVENUE (costs negative) | budget input | -17,557.09 | -16,523.22 | -17,589.86 | -17,222.21 | -18,030.88 | -18,269.93 | -18,047.12 | -18,653.31 | -18,960.78 | -19,200.17 | -19,484.17 | -19,934.12 | -219,472.86 |
| On-demand GPUs | COST OF REVENUE (costs negative) | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B | COST OF REVENUE (costs negative) | budget input | -81,548.32 | -83,596.73 | -88,134.89 | -72,114.72 | -75,618.38 | -77,357.13 | -78,860.38 | -81,966.14 | -84,097.68 | -88,212.75 | -90,307.62 | -92,196.61 | -994,011.35 |
| Model API vendor C | COST OF REVENUE (costs negative) | budget input | -8,080.29 | -8,284.62 | -8,754.38 | -8,954.54 | -9,407.6 | -9,627.11 | -9,815.78 | -10,218.02 | -10,494.32 | -11,034.95 | -11,305.44 | -11,547.98 | -117,525.03 |
| Hosting, storage and network | COST OF REVENUE (costs negative) | budget input | -27,662.79 | -27,944.11 | -28,590.39 | -28,867 | -29,491.78 | -29,794.54 | -30,055.96 | -30,612.86 | -30,991.45 | -31,733.59 | -32,105.07 | -32,439.31 | -360,288.85 |
| Card processing fees | COST OF REVENUE (costs negative) | budget input | -5,641.92 | -5,784 | -6,000.22 | -6,100.09 | -6,248.13 | -6,438.67 | -6,460.02 | -6,385.4 | -6,971.37 | -7,186.58 | -7,317 | -7,378.52 | -77,911.92 |
| Solutions, support and customer success payroll | COST OF REVENUE (costs negative) | budget input | -68,113.8 | -65,231.06 | -74,569.49 | -71,557.15 | -77,519.01 | -80,838.26 | -71,130.58 | -58,821.69 | -89,219.42 | -87,319.91 | -89,251.24 | -85,670.11 | -919,241.72 |
| Unused committed cloud spend | COST OF REVENUE (costs negative) | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL COST OF REVENUE | COST OF REVENUE (costs negative) | -208,604.21 | -207,363.74 | -223,639.23 | -204,815.71 | -216,315.78 | -222,325.64 | -214,369.84 | -206,657.42 | -240,735.02 | -244,687.95 | -249,770.54 | -249,166.65 | -2,688,451.73 | |
| GROSS PROFIT | COST OF REVENUE (costs negative) | 284,591.4 | 263,100.85 | 321,215.72 | 299,054.9 | 336,760.78 | 356,462.76 | 368,597.41 | 381,637.73 | 446,979.11 | 364,371.45 | 375,532.16 | 388,237.44 | 4,186,541.71 | |
| Research and development payroll | OPERATING EXPENSES AND OTHER INCOME | budget input | -420,725.76 | -414,423.15 | -441,449.4 | -432,733.18 | -439,909.64 | -467,986.43 | -413,529.75 | -362,087.85 | -488,691.62 | -486,626.83 | -498,021.18 | -477,175.15 | -5,343,359.94 |
| Research compute | OPERATING EXPENSES AND OTHER INCOME | budget input | -3,545.45 | -2,537.14 | -3,512.69 | -3,199.61 | -3,071.67 | -2,151.89 | -3,055.43 | -2,449.23 | -1,461.04 | -1,902.38 | -937.65 | -1,168.42 | -28,992.6 |
| Sales and marketing payroll incl. commissions | OPERATING EXPENSES AND OTHER INCOME | budget input | -115,008.77 | -164,360.02 | -158,440.22 | -160,023.42 | -142,615.93 | -176,795.49 | -144,026.68 | -123,949.63 | -165,426.34 | -199,978.06 | -164,927.01 | -142,360.52 | -1,857,912.09 |
| Paid media and content | OPERATING EXPENSES AND OTHER INCOME | budget input | -36,000 | -36,000 | -41,400 | -36,000 | -36,000 | -36,000 | -36,000 | -28,800 | -36,000 | -41,400 | -36,000 | -36,000 | -435,600 |
| Events and conferences | OPERATING EXPENSES AND OTHER INCOME | budget input | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -35,000 | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -189,000 |
| General and administrative payroll | OPERATING EXPENSES AND OTHER INCOME | budget input | -67,540.72 | -64,718.92 | -73,725.65 | -70,789.57 | -70,008.03 | -72,979.89 | -64,048.51 | -51,383.18 | -74,494.71 | -72,947.38 | -74,521.3 | -71,591.69 | -828,749.55 |
| Software and IT tools | OPERATING EXPENSES AND OTHER INCOME | budget input | -17,040 | -17,520 | -18,240 | -18,720 | -19,200 | -19,440 | -19,680 | -19,920 | -20,160 | -20,400 | -20,640 | -20,640 | -231,600 |
| Office rent | OPERATING EXPENSES AND OTHER INCOME | budget input | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -408,000 |
| Legal, audit and accounting | OPERATING EXPENSES AND OTHER INCOME | budget input | -16,000 | -16,000 | -35,200 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -211,200 |
| Insurance | OPERATING EXPENSES AND OTHER INCOME | budget input | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -54,000 |
| Recruitment | OPERATING EXPENSES AND OTHER INCOME | budget input | -8,500 | -16,000 | -23,500 | -16,000 | -16,000 | -8,500 | -8,500 | -8,500 | -8,500 | -8,500 | -8,500 | -1,000 | -132,000 |
| Travel | OPERATING EXPENSES AND OTHER INCOME | budget input | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -132,000 |
| Local business taxes | OPERATING EXPENSES AND OTHER INCOME | budget input | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -16,800 |
| TOTAL OPERATING EXPENSES | OPERATING EXPENSES AND OTHER INCOME | -749,260.7 | -796,459.23 | -860,367.96 | -818,365.78 | -807,705.27 | -885,753.7 | -769,740.37 | -677,989.89 | -875,633.71 | -912,654.65 | -884,447.14 | -830,835.78 | -9,869,214.18 | |
| Research tax credit (CIR) | OPERATING EXPENSES AND OTHER INCOME | budget input | 88,337.03 | 92,841.49 | 94,092.71 | 96,881.16 | 101,385.62 | 102,636.84 | 102,636.84 | 105,425.3 | 105,425.3 | 106,676.52 | 106,676.52 | 106,676.52 | 1,209,691.85 |
| EBITDA | OPERATING EXPENSES AND OTHER INCOME | -376,332.27 | -440,516.89 | -445,059.53 | -422,429.72 | -369,558.87 | -426,654.1 | -298,506.12 | -190,926.86 | -323,229.3 | -441,606.68 | -402,238.46 | -335,921.82 | -4,472,980.62 | |
| Depreciation | OPERATING EXPENSES AND OTHER INCOME | budget input | -6,000 | -6,136.11 | -6,338.89 | -6,608.33 | -6,811.11 | -7,013.89 | -7,150 | -7,286.11 | -7,422.22 | -7,558.33 | -7,694.44 | -7,830.56 | -83,849.99 |
| Interest on deposits | OPERATING EXPENSES AND OTHER INCOME | budget input | 18,300 | 17,634.05 | 16,853.9 | 16,066.38 | 15,305.94 | 14,619.25 | 15,252.56 | 14,668.39 | 14,234.88 | 13,626.29 | 12,836.54 | 12,098.82 | 181,497 |
| Exchange differences | OPERATING EXPENSES AND OTHER INCOME | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PROFIT / (LOSS) BEFORE TAX | OPERATING EXPENSES AND OTHER INCOME | -364,032.27 | -429,018.95 | -434,544.52 | -412,971.67 | -361,064.04 | -419,048.74 | -290,403.56 | -183,544.58 | -316,416.64 | -435,538.72 | -397,096.36 | -331,653.56 | -4,375,333.61 | |
| Corporate income tax (nil: tax losses) | OPERATING EXPENSES AND OTHER INCOME | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET PROFIT / (LOSS) | OPERATING EXPENSES AND OTHER INCOME | -364,032.27 | -429,018.95 | -434,544.52 | -412,971.67 | -361,064.04 | -419,048.74 | -290,403.56 | -183,544.58 | -316,416.64 | -435,538.72 | -397,096.36 | -331,653.56 | -4,375,333.61 | |
| Developer credit packs purchased | DRIVERS, BALANCES AND HEADCOUNT | budget input | 83,185.13 | 83,304.39 | 86,598.22 | 85,412.41 | 86,667.82 | 89,736.41 | 86,284.72 | 79,998.65 | 100,427.39 | 103,886.83 | 104,035.76 | 101,964.15 | 1,091,501.88 |
| Developer credits used | DRIVERS, BALANCES AND HEADCOUNT | budget input | 67,101.2 | 68,753.52 | 70,670.81 | 71,874.94 | 72,954.3 | 74,497.44 | 75,036.75 | 74,175.92 | 77,540.12 | 81,093.99 | 83,700.47 | 85,230.85 | 902,630.31 |
| Developer true-ups at expiry (revenue less credits used grossed up) | DRIVERS, BALANCES AND HEADCOUNT | -365.9036 | 2,248.1 | -697.4586 | 152.3618 | -1,374.9536 | -929.0118 | -329.3241 | -1,867.9982 | -1,281.9227 | -1,319.9614 | -246.3805 | -1,292.3386 | -7,304.7914 | |
| Team customers at month end | DRIVERS, BALANCES AND HEADCOUNT | budget | 346.5 | 357.7 | 369.3 | 379.2 | 388.5 | 397.9 | 405 | 409.1 | 419.5 | 430.1 | 439.5 | 447.1 | 447.1 |
| Team new customers | DRIVERS, BALANCES AND HEADCOUNT | budget input | 19.8 | 18.9 | 19.4 | 18 | 17.6 | 18 | 15.8 | 13 | 19.4 | 19.8 | 18.9 | 17.3 | 215.9 |
| Team customers lost | DRIVERS, BALANCES AND HEADCOUNT | budget input | -7.3 | -7.6 | -7.9 | -8.1 | -8.3 | -8.5 | -8.8 | -8.9 | -9 | -9.2 | -9.5 | -9.7 | -102.8 |
| Team customers lost a month, share of opening | DRIVERS, BALANCES AND HEADCOUNT | 2.19% | 2.19% | 2.21% | 2.19% | 2.19% | 2.19% | 2.21% | 2.2% | 2.2% | 2.19% | 2.21% | 2.21% | 2.2% | |
| Team plan fee per customer | DRIVERS, BALANCES AND HEADCOUNT | 432.633 | 434.4602 | 436.1614 | 437.8776 | 439.6277 | 441.4464 | 443.1959 | 444.9138 | 446.7378 | 448.4943 | 450.3282 | 452.1401 | 442.3347 | |
| Enterprise: Pravenza Retail (renewal assumed) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 15,828.83 | 15,987.12 | 16,146.99 | 16,308.46 | 16,471.55 | 16,636.26 | 16,802.62 | 16,970.65 | 17,140.36 | 17,311.76 | 17,484.88 | 17,659.73 | 200,749.21 |
| Enterprise: four new accounts | DRIVERS, BALANCES AND HEADCOUNT | budget input | 0 | 0 | 11,000 | 11,445.5 | 22,909.04 | 23,836.86 | 24,802.25 | 36,806.74 | 38,156.55 | 50,556.81 | 52,314.06 | 54,133.77 | 325,961.58 |
| Enterprise: other accounts | DRIVERS, BALANCES AND HEADCOUNT | budget input | 221,592.52 | 187,612.67 | 244,808.4 | 195,036.38 | 227,213.87 | 243,806.29 | 241,029.47 | 233,677.84 | 320,697.57 | 218,881.64 | 223,132.87 | 227,467.46 | 2,784,956.98 |
| Units used: Document AI (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 20,200.7 | 20,711.5 | 21,886 | 22,386.4 | 23,519 | 24,067.8 | 24,539.5 | 25,545 | 26,235.8 | 27,587.4 | 28,263.6 | 28,870 | 293,812.7 |
| Units used: Voice AI (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 18,398.9 | 18,842.3 | 19,874 | 20,313.6 | 21,316.1 | 21,797.6 | 22,216.8 | 23,119 | 23,718.3 | 24,903.9 | 25,494.1 | 26,028.2 | 266,022.8 |
| Units used: Agent workspace (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 7,591 | 7,789.2 | 8,208.5 | 8,400.9 | 8,802.8 | 9,008.6 | 9,185.4 | 9,536.3 | 9,785.1 | 10,253.8 | 10,497.8 | 10,717.1 | 109,776.5 |
| Inference GPU hours | DRIVERS, BALANCES AND HEADCOUNT | budget input | 7,522.3 | 7,708 | 8,136.9 | 7,987.1 | 8,385.7 | 8,578.1 | 8,394.8 | 8,736.8 | 8,967.8 | 9,045.3 | 9,263.1 | 9,459.3 | 102,185.2 |
| Provider A spend (USD) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 53,641.86 | 51,704.92 | 54,662.23 | 54,217.71 | 55,653.76 | 55,237.99 | 56,274.36 | 56,886.95 | 56,554.6 | 58,119.75 | 57,779.58 | 58,896.05 | 669,629.76 |
| Cash at bank | DRIVERS, BALANCES AND HEADCOUNT | budget balance | 11,756,030.37 | 11,235,933.33 | 10,710,922.93 | 10,203,962.41 | 9,746,164.02 | 10,168,371.57 | 9,778,926.18 | 9,489,918.24 | 9,084,194.05 | 8,557,691.67 | 8,065,881.2 | 7,639,284.93 | 7,639,284.93 |
| Contract liability: Developer credits | DRIVERS, BALANCES AND HEADCOUNT | budget balance | 216,280 | 219,207.29 | 226,195.23 | 229,779.21 | 234,919.37 | 240,928.61 | 242,273.62 | 239,849.45 | 253,444.99 | 266,499.52 | 275,667.49 | 282,070.74 | 282,070.74 |
| Headcount | DRIVERS, BALANCES AND HEADCOUNT | budget | 71 | 73 | 76 | 78 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 86 | 86 |
| Hires | DRIVERS, BALANCES AND HEADCOUNT | budget | 1 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 16 |
| Model API vendor B price per million tokens (USD) | DRIVERS, BALANCES AND HEADCOUNT | budget | 2 | 2 | 2 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 |
| USD per EUR (budget rate) | DRIVERS, BALANCES AND HEADCOUNT | budget | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 |
| label | ytd actual | ytd budget | ytd variance | ytd variance pct | fy outlook | fy budget | fy variance | fy variance pct | commentary |
|---|---|---|---|---|---|---|---|---|---|
| Developer revenue | 666,407.6491 | 650,318.63 | 16,089.0191 | 2.47% | 1,053,571.2182 | 1,018,411.47 | 35,159.7482 | 3.45% | Credits used above budget; pack true-ups slightly negative. |
| Team revenue | 1,576,742.47 | 1,608,464.18 | -31,721.71 | -1.97% | 2,433,455.8095 | 2,544,914.2 | -111,458.3905 | -4.38% | New customers 14.5 a month against 17.6 budgeted; usage above the allowance ahead of budget. |
| Enterprise revenue | 1,963,202.29 | 2,056,730.31 | -93,528.02 | -4.55% | 3,128,201.1172 | 3,311,667.77 | -183,466.6528 | -5.54% | Pravenza Retail lost at the March renewal; two accounts won later than the four budgeted; existing accounts ahead on usage. |
| REVENUE | 4,206,352.4091 | 4,315,513.12 | -109,160.7109 | -2.53% | 6,615,228.1449 | 6,874,993.44 | -259,765.2951 | -3.78% | Revenue by cause: see the table below. |
| Reserved GPUs: inference and idle capacity | -136,262.058 | -141,893.62 | 5,631.562 | 3.97% | -211,964.9148 | -219,472.86 | 7,507.9452 | 3.42% | Weaker dollar than the 1.10 budgeted. |
| On-demand GPUs | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0% | |
| Model API vendor B | -671,921.2925 | -639,196.69 | -32,724.6025 | -5.12% | -994,952.4908 | -994,011.35 | -941.1408 | -0.09% | Vendor B kept USD 2.00 per million tokens; the budget assumed USD 1.60 from April. |
| Model API vendor C | -71,431.42 | -73,142.34 | 1,710.92 | 2.34% | -113,203.5237 | -117,525.03 | 4,321.5063 | 3.68% | |
| Hosting, storage and network | -220,931.694 | -233,019.43 | 12,087.736 | 5.19% | -339,924.1415 | -360,288.85 | 20,364.7085 | 5.65% | |
| Unused committed cloud spend | -97,903.9075 | 0 | -97,903.9075 | 0% | -99,021.9466 | 0 | -99,021.9466 | 0% | Expected shortfall on the 2026 Provider A commitment (IAS 37). |
| Card processing fees | -48,912.86 | -49,058.45 | 145.59 | 0.3% | -76,850.2157 | -77,911.92 | 1,061.7043 | 1.36% | |
| Solutions, support and success payroll | -569,216.6476 | -567,781.04 | -1,435.6076 | -0.25% | -907,248.0149 | -919,241.72 | 11,993.7051 | 1.3% | |
| TOTAL COST OF REVENUE | -1,816,579.8796 | -1,704,091.57 | -112,488.3096 | -6.6% | -2,743,165.2481 | -2,688,451.73 | -54,713.5181 | -2.04% | |
| GROSS PROFIT | 2,389,772.5295 | 2,611,421.55 | -221,649.0205 | -8.49% | 3,872,062.8968 | 4,186,541.71 | -314,478.8132 | -7.51% | |
| Gross margin % | 0.5681 | 0.6051 | -0.037 | 0.5853 | 0.609 | -0.0236 | |||
| Research and development payroll | -3,296,596.4948 | -3,392,845.16 | 96,248.6652 | 2.84% | -5,060,205.1613 | -5,343,359.94 | 283,154.7787 | 5.3% | Hiring behind plan; a software engineer and a machine learning engineer left. |
| Research compute | -20,270.3913 | -23,523.11 | 3,252.7187 | 13.83% | -24,261.8554 | -28,992.6 | 4,730.7446 | 16.32% | |
| Sales and marketing payroll incl. commissions | -1,152,421.4762 | -1,185,220.16 | 32,798.6838 | 2.77% | -1,761,339.7414 | -1,857,912.09 | 96,572.3486 | 5.2% | |
| Paid media and content | -308,250.13 | -286,200 | -22,050.13 | -7.7% | -465,950.13 | -435,600 | -30,350.13 | -6.97% | March campaign above the budget run-rate. |
| Events and conferences | -132,088.2 | -133,000 | 911.8 | 0.69% | -188,088.2 | -189,000 | 911.8 | 0.48% | |
| General and administrative payroll | -538,797.4438 | -535,194.47 | -3,602.9738 | -0.67% | -829,619.2558 | -828,749.55 | -869.7058 | -0.1% | |
| Software and IT tools | -147,029.89 | -149,760 | 2,730.11 | 1.82% | -221,519.0838 | -231,600 | 10,080.9162 | 4.35% | |
| Office rent | -272,000 | -272,000 | 0 | 0% | -408,000 | -408,000 | 0 | 0% | |
| Legal, audit and accounting | -148,765.78 | -147,200 | -1,565.78 | -1.06% | -212,765.78 | -211,200 | -1,565.78 | -0.74% | |
| Insurance | -36,000 | -36,000 | 0 | 0% | -54,000 | -54,000 | 0 | 0% | |
| Recruitment | -80,507.55 | -105,500 | 24,992.45 | 23.69% | -118,987.6958 | -132,000 | 13,012.3042 | 9.86% | 10 hires against 13 budgeted year to date. |
| Travel | -87,584 | -88,000 | 416 | 0.47% | -131,584 | -132,000 | 416 | 0.32% | |
| Local business taxes | -11,200 | -11,200 | 0 | 0% | -16,800 | -16,800 | 0 | 0% | |
| TOTAL OPERATING EXPENSES | -6,231,511.3561 | -6,365,642.9 | 134,131.5439 | 2.11% | -9,493,120.9035 | -9,869,214.18 | 376,093.2765 | 3.81% | |
| Research tax credit (CIR) | 758,369.3376 | 784,236.99 | -25,867.6524 | -3.3% | 1,137,599.2721 | 1,209,691.85 | -72,092.5779 | -5.96% | Lower research payroll than budgeted. |
| EBITDA | -3,083,369.4891 | -2,969,984.36 | -113,385.1291 | -3.82% | -4,483,458.7345 | -4,472,980.62 | -10,478.1145 | -0.23% | EUR 113k behind budget YTD; EUR 10k behind on the full-year outlook. |
| EBITDA % of revenue | -0.733 | -0.6882 | -0.0448 | -0.6777 | -0.6506 | -0.0271 | |||
| Depreciation | -53,079.9594 | -53,344.44 | 264.4806 | 0.5% | -82,736.6539 | -83,849.99 | 1,113.3361 | 1.33% | |
| Interest on deposits | 128,185.5 | 128,700.47 | -514.97 | -0.4% | 180,593.5625 | 181,497 | -903.4375 | -0.5% | |
| Exchange differences | -1,166.3893 | 0 | -1,166.3893 | 0% | -2,798.3858 | 0 | -2,798.3858 | 0% | |
| Corporate income tax | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0% | |
| NET PROFIT / (LOSS) | -3,009,430.3378 | -2,894,628.33 | -114,802.0078 | -3.97% | -4,388,400.2117 | -4,375,333.61 | -13,066.6017 | -0.3% | |
| Team customers | 380 | 409.1 | -29.1 | -7.11% | 404.9596 | 447.1 | -42.1404 | -9.43% | |
| Developer credit packs purchased | 706,057 | 681,187.75 | 24,869.25 | 3.65% | 1,151,499.7364 | 1,091,501.88 | 59,997.8564 | 5.5% | |
| Units used: Document AI (thousands) | 179,632.9 | 182,855.9 | -3,223 | -1.76% | 284,063.1593 | 293,812.7 | -9,749.5407 | -3.32% | |
| Units used: Voice AI (thousands) | 162,243 | 165,878.3 | -3,635.3 | -2.19% | 258,582.5553 | 266,022.8 | -7,440.2447 | -2.8% | |
| Units used: Agent workspace (thousands) | 65,211.4 | 68,522.7 | -3,311.3 | -4.83% | 102,867.0301 | 109,776.5 | -6,909.4699 | -6.29% | |
| Inference GPU hours | 66,690.5674 | 65,449.7 | 1,240.8674 | 1.9% | 104,165.0006 | 102,185.2 | 1,979.8006 | 1.94% | |
| Cash at bank | 9,337,248.9223 | 9,489,918.24 | -152,669.3177 | -1.61% | 7,793,186.7137 | 7,639,284.93 | 153,901.7837 | 2.01% | |
| Headcount | 77 | 83 | -6 | -7.23% | 78.372 | 86 | -7.628 | -8.87% |
| Cause | YTD actual | YTD budget | YTD variance | Revenue effect YTD | FY26 outlook | FY26 budget | FY26 variance | Revenue effect FY26 |
|---|---|---|---|---|---|---|---|---|
| Developer: credits used (volume, grossed up for breakage) | 17,055.375 | 41,788.3945 | ||||||
| Developer: true-ups when packs expire | -4,130.5441 | -3,164.1882 | -966.3559 | -966.3559 | -13,933.4377 | -7,304.7914 | -6,628.6464 | -6,628.6464 |
| Team: customer numbers (at the budget fee) | -45,532.1271 | -112,944.1705 | ||||||
| Team: plan fee per customer | -11,626.6029 | -28,074.6693 | ||||||
| Team: usage above the allowance | 293,514.38 | 268,077.36 | 25,437.02 | 25,437.02 | 453,712.8093 | 424,152.36 | 29,560.4493 | 29,560.4493 |
| Enterprise: Pravenza Retail not renewed in March | 30,369.41 | 131,152.48 | -100,783.07 | -100,783.07 | 30,369.41 | 200,749.21 | -170,379.8 | -170,379.8 |
| Enterprise: new accounts (won and pipeline against the four budgeted) | 89,228.46 | 130,800.39 | -41,571.93 | -41,571.93 | 237,170.3841 | 325,961.58 | -88,791.1959 | -88,791.1959 |
| Enterprise: existing accounts (usage, commitments and unused commitments) | 1,848,122.22 | 1,794,777.44 | 53,344.78 | 53,344.78 | 2,865,179.1251 | 2,784,956.98 | 80,222.1451 | 80,222.1451 |
| Enterprise: credit notes and refund liability | -4,517.8 | 0 | -4,517.8 | -4,517.8 | -4,517.802 | 0 | -4,517.802 | -4,517.802 |
| TOTAL REVENUE VARIANCE | -109,160.7109 | -259,765.2951 |
| step | value |
|---|---|
| Budget EBITDA YTD | -2,969,984.36 |
| Developer revenue | 16,089.0191 |
| Team revenue | -31,721.71 |
| Enterprise revenue | -93,528.02 |
| GPUs: reserved and on-demand | 5,631.562 |
| Model APIs (vendors B and C) | -31,013.6825 |
| Hosting, storage and network | 12,087.736 |
| Unused committed cloud spend | -97,903.9075 |
| Card processing fees | 145.59 |
| Solutions, support and success payroll | -1,435.6076 |
| Research and development payroll and compute | 99,501.3839 |
| Sales and marketing payroll incl. commissions | 32,798.6838 |
| Marketing programmes (media, events) | -21,138.33 |
| General and administrative payroll | -3,602.9738 |
| Other overheads (tools, rent, advisers, insurance, recruitment, travel, local taxes) | 26,572.78 |
| Research tax credit | -25,867.6524 |
| Actual EBITDA YTD | -3,083,369.4891 |
Balance sheet & cash flow
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash at bank and term deposits | ASSETS | CF | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,025,696.8268 | 8,475,238.8049 | 8,100,523.8061 | 7,793,186.7137 | 7,165,216.9739 | 6,741,811.8004 | 6,422,907.3298 | 5,824,644.8402 | 5,441,715.2395 | 5,127,276.2257 | 4,550,636.6559 | 4,071,791.3186 | 4,853,555.4361 | 4,295,933.0927 | 3,884,170.2917 | 3,525,929.5474 | 7,793,186.7137 | 3,525,929.5474 |
| Card processor balance | ASSETS | Receivables | 0.0013 | -0.0004 | -0.0025 | -0.0044 | -0.005 | -0.0074 | -0.0042 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 |
| Enterprise receivables: accounts in France (incl. VAT) | ASSETS | Receivables | 142,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 170,071.208 | 244,071.208 | 175,071.208 | 170,071.21 | 226,000 | 216,400 | 191,600 | 226,000 | 217,360 | 245,667.4132 | 318,859.4592 | 314,266.5589 | 255,403.8465 | 241,040 | 216,720 | 216,240 | 241,040 | 215,280 | 215,280 | 191,600 | 215,280 |
| Enterprise receivables: accounts outside France | ASSETS | Receivables | 283,420.64 | 299,107.96 | 195,477.61 | 259,166.66 | 292,499.99 | 192,499.99 | 335,833.32 | 344,999.99 | 193,166.6667 | 338,649.9437 | 350,435.3403 | 262,121.0714 | 425,508.389 | 441,517.9769 | 310,621.0433 | 389,546.8067 | 442,198.4319 | 307,058.1352 | 370,377.3182 | 423,334.8788 | 296,453.2217 | 380,331.4614 | 458,950.5219 | 354,570.2992 | 262,121.0714 | 354,570.2992 |
| Contract assets: Enterprise usage ahead of billing | ASSETS | Enterprise | 0 | 7,658.4 | 0 | 7,868.9 | 0 | 7,328.07 | 29,335.21 | 21,877.98 | 31,789.775 | 58,934.4067 | 72,066.4862 | 35,739.1399 | 47,928.5958 | 104,808.2851 | 0 | 24,120.7834 | 0 | 18,997.3099 | 55,295.8883 | 40,786.6758 | 63,860.8002 | 97,992.8009 | 105,868.2188 | 50,099.604 | 35,739.1399 | 50,099.604 |
| Research tax credit receivable | ASSETS | Research_Credit | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,242,968.0207 | 1,348,276.7678 | 1,456,397.9769 | 1,564,496.2487 | 1,672,571.2745 | 1,781,935.4447 | 1,891,289.0657 | 2,000,632.0318 | 975,248.0089 | 1,087,439.4112 | 1,199,607.0765 | 1,311,775.1384 | 1,137,599.2721 | 1,311,775.1384 |
| VAT to deduct on French supplier invoices not yet paid | ASSETS | VAT | 8,669.268 | 10,330.9997 | 15,953.3157 | 10,431.939 | 8,800.961 | 13,281.3673 | 7,102.103 | 6,437.9977 | 6,700 | 10,660 | 10,270.6 | 8,272.1585 | 18,345.2037 | 10,458.227 | 14,393.462 | 12,544.1714 | 8,615.9195 | 14,915.6229 | 10,667.7268 | 8,686.7649 | 10,682.4289 | 8,715.5177 | 8,715.3056 | 8,731.7199 | 8,272.1585 | 8,731.7199 |
| Prepaid rent | ASSETS | Overheads | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 0 | 0 |
| Other prepayments | ASSETS | opening balance, no movement modelled | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 |
| Rent deposit | ASSETS | opening balance | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 |
| Fixed assets (IT equipment and office fit-out) | ASSETS | Fixed_Assets | 239,057.75 | 240,187.9469 | 243,357.5903 | 244,013.0286 | 241,898.1814 | 240,422.8675 | 235,565.8706 | 230,598.2906 | 225,885.0058 | 225,902.2767 | 225,244.7697 | 221,975.2428 | 230,611.2704 | 229,230.8378 | 227,658.5444 | 228,424.688 | 224,168.1467 | 222,200.5247 | 220,106.0547 | 215,412.4314 | 213,006.5064 | 208,017.9641 | 202,896.9084 | 197,663.4993 | 221,975.2428 | 197,663.4993 |
| TOTAL ASSETS | ASSETS | 13,591,935.1158 | 13,280,205.2829 | 12,858,961.8525 | 12,519,622.0378 | 12,132,684.7358 | 11,702,933.6743 | 11,462,889.4343 | 11,040,603.7185 | 10,636,987.4174 | 10,482,382.8483 | 10,183,247.6788 | 9,782,493.5907 | 9,558,278.4458 | 9,260,313.8874 | 8,809,645.7619 | 8,564,336.9899 | 8,270,385.5634 | 7,859,787.1018 | 7,541,112.702 | 7,144,214.0937 | 6,761,046.3945 | 6,521,170.2403 | 6,242,338.3152 | 5,796,049.8006 | 9,782,493.5907 | 5,796,049.8006 | |
| Trade payables: compute suppliers in USD | LIABILITIES | Payables | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 144,467.3774 | 122,894.5899 | 125,549.854 | 227,828.0919 | 146,611.3181 | 147,067.5696 | 153,090.4464 | 153,214.6643 | 157,518.0437 | 158,009.26 | 159,968.8993 | 161,145.048 | 162,638.4096 | 165,860.74 | 167,181.7253 | 170,279.5798 | 227,828.0919 | 170,279.5798 |
| Trade payables: model API vendor C | LIABILITIES | Payables | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,998.797 | 10,170.8811 | 10,610.6259 | 10,991.7997 | 12,514.0722 | 12,861.9535 | 13,208.3484 | 13,350.8225 | 13,776.8786 | 13,899.4931 | 14,077.7959 | 14,239.4198 | 14,583.2672 | 14,845.8699 | 15,106.544 | 15,377.6486 | 10,991.7997 | 15,377.6486 |
| Trade payables: company card statements | LIABILITIES | Payables | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 70,730.5053 | 70,963.3425 | 77,034.6402 | 71,678.369 | 71,669.4475 | 71,908.4722 | 72,152.6456 | 64,359.0733 | 72,393.4735 | 78,233.9605 | 72,389.4379 | 72,389.4716 | 67,809.2811 | 72,389.4716 |
| Trade payables: French suppliers | LIABILITIES | Payables | 52,015.608 | 61,985.998 | 95,719.894 | 62,591.634 | 52,805.766 | 79,688.204 | 42,612.618 | 38,627.986 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 110,071.2223 | 62,749.362 | 86,360.772 | 75,265.0285 | 51,695.5173 | 89,493.7372 | 64,006.3607 | 52,120.5893 | 64,094.5732 | 52,293.1062 | 52,291.8338 | 52,390.3194 | 49,632.951 | 52,390.3194 |
| Contract liabilities: Enterprise commitments billed ahead of usage | LIABILITIES | Enterprise | 405,068.32 | 416,887.68 | 341,790.66 | 460,931.04 | 433,279.73 | 349,007.77 | 503,048.46 | 419,326.25 | 248,434.6142 | 426,354.1891 | 431,522.4534 | 364,163.981 | 518,427.9535 | 604,818.7898 | 389,992.0168 | 563,778.8258 | 621,113.9549 | 451,102.4237 | 565,541.303 | 544,629.8103 | 431,238.359 | 471,505.132 | 457,665.5312 | 341,911.0264 | 364,163.981 | 341,911.0264 |
| Contract liabilities: Developer credits | LIABILITIES | Credits | 210,641.7941 | 219,177.9955 | 229,825.6118 | 231,454.4145 | 238,172.3155 | 242,308.5395 | 247,788.6836 | 248,629.6809 | 265,743.7222 | 282,558.7064 | 294,557.4818 | 306,908.8483 | 318,367.5532 | 330,266.7445 | 342,165.6298 | 350,851.4277 | 355,348.5029 | 368,821.107 | 372,514.9197 | 368,336.9913 | 389,279.4893 | 409,347.8603 | 425,122.4659 | 435,031.3671 | 306,908.8483 | 435,031.3671 |
| Refund liability: expected credit notes | LIABILITIES | Enterprise | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 4,517.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| VAT payable / (credit carried forward) | LIABILITIES | VAT | 5,032.493 | 29,880.5496 | 24,527.8642 | -756.4677 | 32,840.4383 | 35,412.8709 | 4,281.6225 | 38,769.3256 | 39,723.8989 | 14,685.1254 | 37,739.2132 | 40,409.9978 | 18,797.5205 | 31,744.617 | 42,543.3571 | 17,046.9411 | 48,012.3654 | 55,270.0496 | 22,335.4066 | 43,296.858 | 47,301.8129 | 22,777.1426 | 48,916.6852 | 48,345.923 | 40,409.9978 | 48,345.923 |
| VAT on French invoices not yet collected | LIABILITIES | Receivables | 23,666.6667 | 17,500 | 23,833.3333 | 35,666.6667 | 28,511.868 | 28,345.2013 | 40,678.5347 | 29,178.5347 | 28,345.2017 | 37,666.6667 | 36,066.6667 | 31,933.3333 | 37,666.6667 | 36,226.6667 | 40,944.5689 | 53,143.2432 | 52,377.7598 | 42,567.3077 | 40,173.3333 | 36,120 | 36,040 | 40,173.3333 | 35,880 | 35,880 | 31,933.3333 | 35,880 |
| URSSAF payable | LIABILITIES | People | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.3725 | 254,250.7275 | 241,473.5475 | 252,464.91 | 250,288.55 | 237,866.3039 | 242,662.7457 | 250,832.3431 | 249,341.3013 | 266,326.4264 | 265,757.2827 | 286,238.359 | 275,075.7255 | 288,134.7434 | 279,143.6906 | 292,461.0215 | 291,584.156 | 284,902.5694 | 286,425.9823 | 291,352.0516 | 289,825.9669 | 249,341.3013 | 289,825.9669 |
| Income tax withheld at source payable | LIABILITIES | People | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.7952 | 50,719.3776 | 47,540.2576 | 50,425.2828 | 50,082.254 | 47,171.6485 | 48,037.8305 | 49,867.1374 | 49,510.7703 | 52,547.1444 | 52,165.4497 | 56,992.9139 | 53,777.63 | 56,956.9909 | 54,572.5269 | 57,545.728 | 57,336.1789 | 55,556.4213 | 55,927.618 | 57,125.043 | 56,754.4657 | 49,510.7703 | 56,754.4657 |
| Agirc-Arrco and schemes payable | LIABILITIES | People | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,331.152 | 88,416.437 | 87,542.0198 | 92,315.4417 | 91,238.9334 | 102,773.8929 | 94,754.3317 | 102,639.5382 | 96,395.9312 | 103,661.6742 | 103,145.6942 | 98,278.8436 | 99,202.7591 | 102,174.7871 | 101,256.1097 | 87,542.0198 | 101,256.1097 |
| Commissions payable | LIABILITIES | People | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 12,960 | 25,032 | 21,600 | 7,200 | 0 | 42,192 | 5,400 | 37,422 | 8,100 | 35,160 | 33,120 | 8,640 | 12,420 | 24,492 | 20,772 | 7,176 | 7,200 | 7,176 |
| Employer contributions accrued on commissions | LIABILITIES | People | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 5,951.4912 | 11,495.195 | 9,919.152 | 3,306.384 | 0 | 19,375.4102 | 2,479.788 | 17,184.9308 | 3,719.682 | 16,146.1752 | 15,209.3664 | 3,967.6608 | 5,703.5124 | 11,247.2162 | 9,538.9178 | 3,295.3627 | 3,306.384 | 3,295.3627 |
| Paid leave provision | LIABILITIES | People | 305,201.8629 | 308,480.9797 | 341,114.0281 | 341,166.3574 | 333,463.3547 | 356,300.7188 | 305,227.0288 | 135,450.6025 | 176,924.566 | 202,785.2991 | 245,614.105 | 256,293.4928 | 302,282.3994 | 304,455.5617 | 343,559.3955 | 343,525.0203 | 337,511.4319 | 368,054.4195 | 295,774.9649 | 113,825.7813 | 163,879.4213 | 195,089.2384 | 245,020.5819 | 257,503.8569 | 256,293.4928 | 257,503.8569 |
| Local business taxes accrued | LIABILITIES | Overheads | 1,900 | 3,300 | 4,700 | 6,100 | 7,000 | 350 | 1,750 | 3,150 | 2,700 | 4,100 | 5,500 | 200 | 1,666.6667 | 3,133.3333 | 4,600 | 6,066.6667 | 7,333.3333 | 400 | 1,866.6667 | 3,333.3333 | 2,850 | 4,316.6667 | 5,783.3333 | 400 | 200 | 400 |
| Provision: onerous cloud commitment (IAS 37) | LIABILITIES | Commitments | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 70,070.9468 | 97,903.9075 | 99,021.9466 | 99,021.9466 | 99,021.9466 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Corporate income tax payable | LIABILITIES | Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL LIABILITIES | LIABILITIES | 1,543,724.5765 | 1,650,172.3022 | 1,651,980.3977 | 1,761,619.0565 | 1,727,827.4424 | 1,765,914.2018 | 1,879,249.4491 | 1,632,212.5063 | 1,513,714.3221 | 1,749,032.9629 | 1,836,257.0934 | 1,753,072.2523 | 1,948,324.8903 | 2,075,017.0165 | 1,947,384.1289 | 2,126,135.6271 | 2,175,908.1898 | 2,100,944.594 | 2,110,410.0859 | 1,866,080.5946 | 1,841,160.1528 | 1,931,738.6256 | 2,006,320.938 | 1,887,817.098 | 1,753,072.2523 | 1,887,817.098 | |
| Share capital | EQUITY | Treasury | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 |
| Share premium | EQUITY | Treasury | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 |
| Accumulated losses: opening (memo) | EQUITY | -12,182,178.45 | -12,551,789.4606 | -12,969,967.0193 | -13,393,018.5452 | -13,841,997.0186 | -14,195,142.7066 | -14,662,980.5275 | -15,016,360.0148 | -15,191,608.7878 | -15,476,726.9047 | -15,866,650.1146 | -16,253,009.4146 | -16,570,578.6617 | -16,990,046.4445 | -17,414,703.1291 | -17,737,738.367 | -18,161,798.6372 | -18,505,522.6264 | -18,841,157.4923 | -19,169,297.3839 | -19,321,866.501 | -19,680,113.7583 | -20,010,568.3853 | -20,363,982.6228 | |||
| Net profit / (loss) (memo) | EQUITY | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -285,118.1169 | -389,923.2098 | -386,359.3 | -317,569.2471 | -419,467.7829 | -424,656.6846 | -323,035.2379 | -424,060.2702 | -343,723.9892 | -335,634.8659 | -328,139.8916 | -152,569.1171 | -358,247.2573 | -330,454.627 | -353,414.2375 | -327,784.6746 | -4,388,400.2117 | -4,121,188.6357 |
| Accumulated losses | EQUITY | -12,551,789.4606 | -12,969,967.0193 | -13,393,018.5452 | -13,841,997.0186 | -14,195,142.7066 | -14,662,980.5275 | -15,016,360.0148 | -15,191,608.7878 | -15,476,726.9047 | -15,866,650.1146 | -16,253,009.4146 | -16,570,578.6617 | -16,990,046.4445 | -17,414,703.1291 | -17,737,738.367 | -18,161,798.6372 | -18,505,522.6264 | -18,841,157.4923 | -19,169,297.3839 | -19,321,866.501 | -19,680,113.7583 | -20,010,568.3853 | -20,363,982.6228 | -20,691,767.2974 | -16,570,578.6617 | -20,691,767.2974 | |
| TOTAL EQUITY | EQUITY | 12,048,210.5394 | 11,630,032.9807 | 11,206,981.4548 | 10,758,002.9814 | 10,404,857.2934 | 9,937,019.4725 | 9,583,639.9852 | 9,408,391.2122 | 9,123,273.0953 | 8,733,349.8854 | 8,346,990.5854 | 8,029,421.3383 | 7,609,953.5555 | 7,185,296.8709 | 6,862,261.633 | 6,438,201.3628 | 6,094,477.3736 | 5,758,842.5077 | 5,430,702.6161 | 5,278,133.499 | 4,919,886.2417 | 4,589,431.6147 | 4,236,017.3772 | 3,908,232.7026 | 8,029,421.3383 | 3,908,232.7026 | |
| TOTAL LIABILITIES AND EQUITY | EQUITY | 13,591,935.1158 | 13,280,205.2829 | 12,858,961.8525 | 12,519,622.0378 | 12,132,684.7358 | 11,702,933.6743 | 11,462,889.4343 | 11,040,603.7185 | 10,636,987.4174 | 10,482,382.8483 | 10,183,247.6788 | 9,782,493.5907 | 9,558,278.4458 | 9,260,313.8874 | 8,809,645.7619 | 8,564,336.9899 | 8,270,385.5634 | 7,859,787.1018 | 7,541,112.702 | 7,144,214.0937 | 6,761,046.3945 | 6,521,170.2403 | 6,242,338.3152 | 5,796,049.8006 | 9,782,493.5907 | 5,796,049.8006 | |
| CHECK: assets less liabilities and equity (must be zero) | EQUITY | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Contract liabilities, total (Enterprise and Developer) | MEMO | 615,710.1141 | 636,065.6755 | 571,616.2718 | 692,385.4545 | 671,452.0455 | 591,316.3095 | 750,837.1436 | 667,955.9309 | 514,178.3364 | 708,912.8955 | 726,079.9352 | 671,072.8292 | 836,795.5067 | 935,085.5343 | 732,157.6466 | 914,630.2535 | 976,462.4579 | 819,923.5307 | 938,056.2227 | 912,966.8016 | 820,517.8483 | 880,852.9923 | 882,787.9971 | 776,942.3935 | 671,072.8292 | 776,942.3935 | |
| Cash in months of revenue | MEMO | 23.5544 | 23.8663 | 21.2732 | 21.0122 | 18.8057 | 16.6213 | 17.1935 | 16.2629 | 13.6385 | 15.0402 | 13.8312 | 13.0339 | 11.1769 | 10.6486 | 8.4782 | 8.8365 | 7.9833 | 6.3771 | 6.5613 | 5.7305 | 6.3163 | 5.3967 | 4.96 | 4.6662 | 13.0339 | 4.6662 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net profit / (loss) | OPERATING ACTIVITIES (indirect) | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -285,118.1169 | -389,923.2098 | -386,359.3 | -317,569.2471 | -419,467.7829 | -424,656.6846 | -323,035.2379 | -424,060.2702 | -343,723.9892 | -335,634.8659 | -328,139.8916 | -152,569.1171 | -358,247.2573 | -330,454.627 | -353,414.2375 | -327,784.6746 | -4,388,400.2117 | -4,121,188.6357 |
| Add back: depreciation | OPERATING ACTIVITIES (indirect) | 6,000 | 6,140.4931 | 6,342.4567 | 6,606.6817 | 6,808.4072 | 6,938.7839 | 7,090.5469 | 7,152.59 | 7,213.2847 | 7,282.7292 | 7,485.5069 | 7,675.1736 | 7,797.5527 | 8,254.041 | 8,444.9746 | 8,635.8824 | 8,897.0498 | 9,025.9528 | 9,222.0176 | 9,420.005 | 9,551.2934 | 9,749.7758 | 9,882.0323 | 10,014.2817 | 82,736.6539 | 108,894.859 | |
| (Increase) / decrease in the card processor balance | OPERATING ACTIVITIES (indirect) | BS movement | -0.0013 | 0.0017 | 0.0021 | 0.0019 | 0.0006 | 0.0024 | -0.0032 | 0.0035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0077 | 0 |
| (Increase) / decrease in Enterprise receivables | OPERATING ACTIVITIES (indirect) | BS movement | -57,753.97 | 21,312.68 | 65,630.35 | -134,689.05 | 9,595.462 | 101,000 | -217,333.33 | 59,833.33 | 156,833.3213 | -201,412.0671 | -2,185.3966 | 113,114.2689 | -197,787.3175 | -7,369.588 | 102,589.5204 | -152,117.8094 | -48,058.7248 | 194,003.009 | -48,955.3365 | -28,637.5606 | 127,361.6571 | -108,678.2396 | -52,859.0605 | 104,380.2227 | -86,054.4014 | -116,129.2278 |
| (Increase) / decrease in contract assets | OPERATING ACTIVITIES (indirect) | BS movement | 0 | -7,658.4 | 7,658.4 | -7,868.9 | 7,868.9 | -7,328.07 | -22,007.14 | 7,457.23 | -9,911.795 | -27,144.6317 | -13,132.0796 | 36,327.3464 | -12,189.4559 | -56,879.6893 | 104,808.2851 | -24,120.7834 | 24,120.7834 | -18,997.3099 | -36,298.5785 | 14,509.2125 | -23,074.1244 | -34,132.0007 | -7,875.418 | 55,768.6148 | -35,739.1399 | -14,360.4641 |
| (Increase) / decrease in the research tax credit receivable (accrued less refunded) | OPERATING ACTIVITIES (indirect) | BS movement | -89,210.6082 | -93,117.4902 | -94,080.7266 | -97,638.9456 | -96,313.8624 | -96,551.2884 | 838,828.4476 | -94,514.8638 | -93,308.6032 | -95,319.4832 | -95,309.2601 | -95,292.588 | -105,368.7486 | -105,308.7471 | -108,121.209 | -108,098.2718 | -108,075.0258 | -109,364.1702 | -109,353.621 | -109,342.9661 | 1,025,384.0229 | -112,191.4023 | -112,167.6653 | -112,168.0619 | -201,829.2721 | -174,175.8663 |
| (Increase) / decrease in prepaid rent, prepayments and VAT to deduct | OPERATING ACTIVITIES (indirect) | BS movement | -68,520.158 | 32,338.2683 | 28,377.684 | -62,478.6233 | 35,630.978 | 29,519.5937 | -61,820.7357 | 34,664.1053 | 33,737.9977 | -71,960 | 34,389.4 | 35,998.4415 | -79,773.0452 | 42,736.9767 | 30,914.765 | -67,850.7094 | 38,778.2519 | 28,550.2967 | -65,452.1039 | 36,830.9619 | 32,854.336 | -67,733.0888 | 34,850.2121 | 34,833.5857 | -123.0485 | -459.5614 |
| Increase / (decrease) in trade payables | OPERATING ACTIVITIES (indirect) | BS movement | 22,701.3998 | 6,671.8657 | 42,443.9171 | -39,364.3787 | -5,298.343 | 31,351.2713 | -25,457.0644 | -12,273.4368 | 9,440.6634 | 8,348.7319 | -4,701.9491 | 90,661.9665 | -16,335.0057 | -46,284.8905 | 36,051.9794 | -16,185.3227 | -18,848.9973 | 38,651.0756 | -23,105.261 | -18,341.5712 | 21,845.593 | -2,476.0469 | -4,264.1355 | 3,467.4785 | 124,524.6437 | -45,825.1042 |
| Increase / (decrease) in contract liabilities and the refund liability | OPERATING ACTIVITIES (indirect) | BS movement | 22,424.4941 | 20,355.5614 | -64,449.4036 | 120,769.1827 | -20,933.4091 | -80,135.7359 | 159,520.8341 | -78,363.4127 | -153,777.5945 | 190,216.7591 | 17,167.0397 | -55,007.106 | 165,722.6774 | 98,290.0276 | -202,927.8877 | 182,472.6069 | 61,832.2044 | -156,538.9272 | 118,132.692 | -25,089.4211 | -92,448.9533 | 60,335.144 | 1,935.0047 | -105,845.6036 | 77,787.2092 | 105,869.5642 |
| Increase / (decrease) in payroll liabilities (URSSAF, withholding, Agirc-Arrco, commissions, paid leave) | OPERATING ACTIVITIES (indirect) | BS movement | 50,050.4329 | 59,338.9088 | 21,432.9341 | 40,284.8533 | -34,901.9694 | 43,359.9662 | -25,646.0623 | -208,620.7572 | 25,049.4676 | 51,070.4583 | 51,904.9521 | -13,055.2062 | 60,277.4435 | 61,713.2259 | 22,259.7117 | 24,295.289 | -24,677.252 | 52,410.3571 | -51,699.9885 | -219,273.2838 | 42,241.2968 | 51,644.046 | 53,598.5673 | -10,171.6194 | 60,267.9782 | 62,617.7937 |
| Increase / (decrease) in VAT, local taxes and corporate tax payable | OPERATING ACTIVITIES (indirect) | BS movement | -17,215.9804 | 20,081.39 | 2,380.6479 | -12,050.9986 | 27,342.1074 | -4,244.2341 | -17,397.9151 | 24,387.7032 | -328.7597 | -14,317.3085 | 22,854.0879 | -6,762.5488 | -14,412.4773 | 12,973.7632 | 16,983.309 | -11,831.0749 | 31,466.6075 | -9,486.1012 | -33,861.9508 | 18,374.7848 | 3,441.6216 | -18,924.6703 | 23,312.8759 | -5,954.0955 | 24,728.1911 | 12,082.5919 |
| Increase / (decrease) in the onerous commitment provision | OPERATING ACTIVITIES (indirect) | BS movement | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 22,315.455 | 27,832.9607 | 1,118.0391 | 0 | 0 | -99,021.9466 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET CASH FROM OPERATING ACTIVITIES | OPERATING ACTIVITIES (indirect) | -501,135.4017 | -352,714.28 | -407,315.2643 | -635,408.65 | -423,347.4166 | -396,172.04 | 304,713.5457 | -407,693.3208 | -309,052.0956 | -543,158.0218 | -367,886.9988 | -302,931.4458 | -611,536.1595 | -416,531.565 | -312,031.7894 | -588,860.4637 | -378,289.0921 | -307,380.6831 | -569,512.0221 | -474,118.9556 | 788,909.4857 | -552,861.1098 | -407,001.8245 | -353,459.8716 | -4,342,101.3896 | -4,182,674.0507 | |
| Capital expenditure (IT equipment) | INVESTING ACTIVITIES | Fixed_Assets | -5,057.75 | -7,270.69 | -9,512.1 | -7,262.12 | -4,693.56 | -5,463.47 | -2,233.55 | -2,185.01 | -2,500 | -7,300 | -6,828 | -4,405.6467 | -16,433.5803 | -6,873.6085 | -6,872.6812 | -9,402.026 | -4,640.5085 | -7,058.3307 | -7,127.5476 | -4,726.3817 | -7,145.3683 | -4,761.2336 | -4,760.9765 | -4,780.8726 | -64,711.8967 | -84,583.1155 |
| NET CASH FROM INVESTING ACTIVITIES | INVESTING ACTIVITIES | -5,057.75 | -7,270.69 | -9,512.1 | -7,262.12 | -4,693.56 | -5,463.47 | -2,233.55 | -2,185.01 | -2,500 | -7,300 | -6,828 | -4,405.6467 | -16,433.5803 | -6,873.6085 | -6,872.6812 | -9,402.026 | -4,640.5085 | -7,058.3307 | -7,127.5476 | -4,726.3817 | -7,145.3683 | -4,761.2336 | -4,760.9765 | -4,780.8726 | -64,711.8967 | -84,583.1155 | |
| NET CASH FROM FINANCING ACTIVITIES (no debt; no equity raised in the forecast) | FINANCING ACTIVITIES | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| NET CASH FLOW FOR THE MONTH | CASH | -506,193.1517 | -359,984.97 | -416,827.3643 | -642,670.77 | -428,040.9766 | -401,635.51 | 302,479.9957 | -409,878.3308 | -311,552.0956 | -550,458.0218 | -374,714.9988 | -307,337.0924 | -627,969.7398 | -423,405.1735 | -318,904.4706 | -598,262.4896 | -382,929.6006 | -314,439.0139 | -576,639.5698 | -478,845.3373 | 781,764.1174 | -557,622.3433 | -411,762.8011 | -358,240.7442 | -4,406,813.2863 | -4,267,257.1663 | |
| Opening cash | CASH | 12,200,000 | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,025,696.8268 | 8,475,238.8049 | 8,100,523.8061 | 7,793,186.7137 | 7,165,216.9739 | 6,741,811.8004 | 6,422,907.3298 | 5,824,644.8402 | 5,441,715.2395 | 5,127,276.2257 | 4,550,636.6559 | 4,071,791.3186 | 4,853,555.4361 | 4,295,933.0927 | 3,884,170.2917 | |||
| CLOSING CASH (to balance sheet) | CASH | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,025,696.8268 | 8,475,238.8049 | 8,100,523.8061 | 7,793,186.7137 | 7,165,216.9739 | 6,741,811.8004 | 6,422,907.3298 | 5,824,644.8402 | 5,441,715.2395 | 5,127,276.2257 | 4,550,636.6559 | 4,071,791.3186 | 4,853,555.4361 | 4,295,933.0927 | 3,884,170.2917 | 3,525,929.5474 | 7,793,186.7137 | 3,525,929.5474 | |
| Net burn: cash used before financing (negative = cash generated) | CASH | memo | 506,193.1517 | 359,984.97 | 416,827.3643 | 642,670.77 | 428,040.9766 | 401,635.51 | -302,479.9957 | 409,878.3308 | 311,552.0956 | 550,458.0218 | 374,714.9988 | 307,337.0924 | 627,969.7398 | 423,405.1735 | 318,904.4706 | 598,262.4896 | 382,929.6006 | 314,439.0139 | 576,639.5698 | 478,845.3373 | -781,764.1174 | 557,622.3433 | 411,762.8011 | 358,240.7442 | 4,406,813.2863 | 4,267,257.1663 |
| Card payouts (Developer packs and Team plans) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 336,126.206 | 345,147.037 | 349,921.7236 | 351,308.9458 | 367,631.13 | 372,274.5925 | 382,081.853 | 384,136.8283 | 389,803.3854 | 398,494.7699 | 395,737.4122 | 386,955.4719 | 424,257.2131 | 434,536.3019 | 438,983.5731 | 438,957.6143 | 3,807,721.3423 | 4,813,850.1456 |
| Enterprise receipts: accounts in France | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 118,999.998 | 88,649.847 | 126,000 | 138,800 | 115,600 | 126,000 | 139,120 | 134,049.1377 | 180,698.6701 | 196,862.7124 | 163,403.8465 | 141,680 | 138,480 | 124,240 | 141,680 | 138,000 | 1,212,449.845 | 1,739,814.3667 |
| Enterprise receipts: accounts outside France | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 238,333.3233 | 135,500 | 151,327.759 | 241,693.2366 | 159,868.4263 | 210,004.5597 | 290,841.8785 | 203,991.0801 | 200,935.5777 | 273,140.2966 | 215,058.1352 | 184,792.4394 | 264,834.8788 | 204,484.4072 | 188,089.6968 | 281,144.6837 | 1,984,324.7289 | 2,677,186.0601 |
| Research tax credit refunded | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,137,599.2721 | 0 | 0 | 0 | 935,770 | 1,137,599.2721 |
| Interest received | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,538.5452 | 12,712.8582 | 12,150.7857 | 11,689.7801 | 10,747.8255 | 10,112.7177 | 9,634.361 | 8,736.9673 | 8,162.5729 | 7,690.9143 | 6,825.955 | 6,107.687 | 7,280.3332 | 6,443.8996 | 5,826.2554 | 180,593.5625 | 99,259.2689 |
| Net pay (last working day) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -302,359.56 | -312,200.5 | -343,472.8843 | -331,656.04 | -356,044.8666 | -334,078.46 | -353,129.1243 | -351,637.3708 | -330,112.7492 | -337,278.4714 | -350,158.3796 | -347,634.7726 | -369,620.3632 | -367,906.0003 | -401,899.9094 | -381,758.6669 | -404,128.1885 | -387,683.3408 | -409,764.2171 | -408,277.1717 | -395,725.416 | -398,341.5149 | -406,780.292 | -404,168.6898 | -4,049,763.1788 | -4,736,053.7705 |
| URSSAF (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -213,682.42 | -219,057.13 | -226,130.17 | -245,947.1 | -239,469.37 | -254,250.73 | -241,473.55 | -252,464.91 | -250,288.55 | -237,866.3039 | -242,662.7457 | -250,832.3431 | -249,341.3013 | -266,326.4264 | -265,757.2827 | -286,238.359 | -275,075.7255 | -288,134.7434 | -279,143.6906 | -292,461.0215 | -291,584.156 | -284,902.5694 | -286,425.9823 | -291,352.0516 | -2,874,125.3227 | -3,356,743.3098 |
| Income tax withheld at source (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -42,455.68 | -43,544.32 | -45,112.36 | -49,245.99 | -47,195.8 | -50,719.38 | -47,540.26 | -50,425.29 | -50,082.254 | -47,171.6485 | -48,037.8305 | -49,867.1374 | -49,510.7703 | -52,547.1444 | -52,165.4497 | -56,992.9139 | -53,777.63 | -56,956.9909 | -54,572.5269 | -57,545.728 | -57,336.1789 | -55,556.4213 | -55,927.618 | -57,125.043 | -571,397.9504 | -660,014.4153 |
| Agirc-Arrco and schemes (25th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -73,047.74 | -75,173.11 | -77,939.69 | -87,441.15 | -81,918.61 | -90,697.69 | -82,524.46 | -89,698.04 | -89,269.91 | -82,399.7544 | -84,331.152 | -88,416.437 | -87,542.0198 | -92,315.4417 | -91,238.9334 | -102,773.8929 | -94,754.3317 | -102,639.5382 | -96,395.9312 | -103,661.6742 | -103,145.6942 | -98,278.8436 | -99,202.7591 | -102,174.7871 | -1,002,857.7434 | -1,174,123.8471 |
| Compute suppliers in USD (15th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -107,546.17 | -123,320.74 | -125,872.77 | -124,046.4 | -123,735.7 | -133,093.42 | -134,594.58 | -142,250.18 | -145,536.4215 | -144,467.3774 | -122,894.5899 | -125,549.854 | -227,828.0919 | -146,611.3181 | -147,067.5696 | -153,090.4464 | -153,214.6643 | -157,518.0437 | -158,009.26 | -159,968.8993 | -161,145.048 | -162,638.4096 | -165,860.74 | -167,181.7253 | -1,552,908.2029 | -1,960,134.2164 |
| Model API vendor C (15th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -7,104.97 | -8,172.87 | -8,429.57 | -8,033.9 | -8,834.88 | -9,004.17 | -9,240.64 | -9,844.35 | -9,871.04 | -9,998.797 | -10,170.8811 | -10,610.6259 | -10,991.7997 | -12,514.0722 | -12,861.9535 | -13,208.3484 | -13,350.8225 | -13,776.8786 | -13,899.4931 | -14,077.7959 | -14,239.4198 | -14,583.2672 | -14,845.8699 | -15,106.544 | -109,316.694 | -163,456.2647 |
| Company card statements (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -67,925.28 | -70,026.06 | -67,643.71 | -74,176.79 | -69,366.35 | -65,767.27 | -67,888.45 | -67,886.13 | -60,109.26 | -67,287.2 | -73,276.6353 | -67,816.0773 | -67,809.2811 | -70,730.5053 | -70,963.3425 | -77,034.6402 | -71,678.369 | -71,669.4475 | -71,908.4722 | -72,152.6456 | -64,359.0733 | -72,393.4735 | -78,233.9605 | -72,389.4379 | -819,169.2126 | -861,322.6486 |
| French suppliers incl. VAT and equipment (30 days) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -48,894.67 | -52,015.61 | -61,986 | -95,719.9 | -62,591.64 | -52,805.77 | -79,688.21 | -42,612.62 | -38,627.986 | -40,200 | -63,960 | -61,623.6 | -49,632.951 | -110,071.2223 | -62,749.362 | -86,360.772 | -75,265.0285 | -51,695.5173 | -89,493.7372 | -64,006.3607 | -52,120.5893 | -64,094.5732 | -52,293.1062 | -52,291.8338 | -700,726.006 | -810,075.0534 |
| Rent (quarterly in advance) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -489,600 | -501,840 |
| Insurance | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -54,000 | -55,350 |
| VAT (CA3) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -23,815.14 | -5,032.49 | -29,880.54 | -24,527.85 | 0 | -32,840.42 | -35,412.85 | -4,281.6 | -38,769.3256 | -39,723.8989 | -14,685.1254 | -37,739.2132 | -40,409.9978 | -18,797.5205 | -31,744.617 | -42,543.3571 | -17,046.9411 | -48,012.3654 | -55,270.0496 | -22,335.4066 | -43,296.858 | -47,301.8129 | -22,777.1426 | -48,916.6852 | -286,708.4531 | -438,452.7537 |
| Local business taxes | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | -500 | -8,050 | 0 | 0 | -1,850 | 0 | 0 | -6,700 | 0 | 0 | 0 | 0 | -200 | -8,400 | 0 | 0 | -1,950 | 0 | 0 | -6,850 | -17,100 | -17,400 |
| Corporate income tax | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET CASH FLOW, DIRECT METHOD | DIRECT METHOD (built from the cash lines of each schedule) | -506,193.15 | -359,984.97 | -416,827.3643 | -642,670.77 | -428,040.9766 | -401,635.51 | 302,479.9957 | -409,878.3308 | -311,552.0956 | -550,458.0223 | -374,714.9988 | -307,337.0924 | -627,969.7398 | -423,405.1735 | -318,904.4706 | -598,262.4896 | -382,929.6006 | -314,439.0139 | -576,639.5698 | -478,845.3373 | 781,764.1174 | -557,622.3433 | -411,762.8011 | -358,240.7442 | -4,406,813.2851 | -4,267,257.1663 | |
| CHECK: indirect less direct (must be zero) | DIRECT METHOD (built from the cash lines of each schedule) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating drivers
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit packs purchased | PACKS PURCHASED (EUR ex VAT) | A: billing system; F: run-rate x growth x seasonality | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 108,227.8217 | 112,502.0943 | 113,212.9583 | 111,499.8621 | 122,934.076 | 123,710.8563 | 129,229.6791 | 128,081.8562 | 130,598.4057 | 135,882.0412 | 131,292.7131 | 122,321.4892 | 154,306.9951 | 160,401.0857 | 161,414.6078 | 158,972.1423 | 1,151,499.7364 | 1,659,145.9476 |
| Packs bought in Jan-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Packs bought in Feb-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 935.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 935.6 | 0 |
| Packs bought in Mar-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 1,122.51 | 1,060.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,182.66 | 0 |
| Packs bought in Apr-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 1,435.74 | 1,174.7 | 1,109.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,719.88 | 0 |
| Packs bought in May-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,020.28 | 1,587.36 | 1,298.75 | 1,226.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,132.99 | 0 |
| Packs bought in Jun-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,363.94 | 1,891.15 | 1,485.9 | 1,215.74 | 1,148.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,104.93 | 0 |
| Packs bought in Jul-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,886.6 | 2,245.13 | 1,796.11 | 1,411.23 | 1,154.64 | 1,090.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,584.2 | 0 |
| Packs bought in Aug-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 3,455.76 | 2,827.44 | 2,199.12 | 1,759.29 | 1,382.3 | 1,130.97 | 1,068.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,823.02 | 0 |
| Packs bought in Sep-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 5,724.14 | 4,497.54 | 3,679.8 | 2,862.07 | 2,289.65 | 1,799.01 | 1,471.92 | 1,390.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,714.28 | 0 |
| Packs bought in Oct-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 7,457.16 | 5,800.01 | 4,557.15 | 3,728.58 | 2,900.01 | 2,320.01 | 1,822.86 | 1,491.43 | 1,369.0814 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,446.2914 | 0 |
| Packs bought in Nov-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 9,634.65 | 7,225.99 | 5,620.21 | 4,415.88 | 3,612.99 | 2,810.11 | 2,248.09 | 1,766.35 | 1,434.9278 | 1,355.2096 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,124.4074 | 0 |
| Packs bought in Dec-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 14,133.99 | 9,976.93 | 7,482.7 | 5,819.88 | 4,572.76 | 3,741.35 | 2,909.94 | 2,327.95 | 1,709.9628 | 1,399.0604 | 1,321.3349 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,395.8581 | 0 |
| Packs bought in Jan-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 15,601.13 | 12,629.48 | 8,914.93 | 6,686.2 | 5,200.38 | 4,086.01 | 3,343.1 | 2,600.19 | 2,160.8233 | 1,697.7897 | 1,389.1007 | 1,311.9284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65,621.0621 | 0 | |
| Packs bought in Feb-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 19,193.51 | 15,537.6 | 10,967.72 | 8,225.79 | 6,397.84 | 5,026.87 | 4,112.89 | 3,167.4426 | 2,533.9541 | 1,990.9639 | 1,628.9705 | 1,538.4721 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78,783.5511 | 1,538.4721 | |
| Packs bought in Mar-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 19,331.38 | 15,649.21 | 11,046.5 | 8,284.88 | 6,443.79 | 5,062.98 | 4,180.0815 | 3,251.1745 | 2,600.9396 | 2,043.5954 | 1,672.0326 | 1,579.1419 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77,894.531 | 3,251.1745 | |
| Packs bought in Apr-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 18,059.84 | 14,619.87 | 10,319.91 | 7,739.93 | 6,019.95 | 4,711.1845 | 3,854.6055 | 2,998.0265 | 2,398.4212 | 1,884.4738 | 1,541.8422 | 1,456.1843 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,721.7377 | 4,882.5003 | |
| Packs bought in May-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 17,541.01 | 14,199.86 | 10,023.43 | 7,517.57 | 6,225.7475 | 4,891.6587 | 4,002.2663 | 3,112.8738 | 2,490.299 | 1,956.6635 | 1,600.9065 | 1,511.9672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,514.4162 | 7,559.8363 | |
| Packs bought in Jun-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 20,171.22 | 16,329.08 | 11,526.41 | 8,084.1402 | 6,287.6646 | 4,940.3079 | 4,042.0701 | 3,143.8323 | 2,515.0658 | 1,976.1232 | 1,616.828 | 1,527.0043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,380.8928 | 10,778.8536 | |
| Packs bought in Jul-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 19,672.54 | 15,925.39 | 11,258.9376 | 8,444.2032 | 6,567.7136 | 5,160.3464 | 4,222.1016 | 3,283.8568 | 2,627.0854 | 2,064.1386 | 1,688.8406 | 1,595.0162 | 0 | 0 | 0 | 0 | 0 | 0 | 67,029.1308 | 15,481.0392 | |
| Packs bought in Aug-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,490.68 | 14,832.5459 | 10,470.0324 | 7,852.5243 | 6,107.5189 | 4,798.7648 | 3,926.2622 | 3,053.7595 | 2,443.0076 | 1,919.5059 | 1,570.5049 | 1,483.2546 | 0 | 0 | 0 | 0 | 0 | 57,753.3015 | 19,195.0594 | |
| Packs bought in Sep-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,727.8426 | 18,398.7297 | 12,987.3386 | 9,740.504 | 7,575.9475 | 5,952.5302 | 4,870.252 | 3,787.9738 | 3,030.379 | 2,381.0121 | 1,948.1008 | 1,839.873 | 0 | 0 | 0 | 0 | 63,854.4148 | 31,386.0683 | |
| Packs bought in Oct-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,625.4398 | 19,125.356 | 13,500.2513 | 10,125.1885 | 7,875.1466 | 6,187.6152 | 5,062.5942 | 3,937.5733 | 3,150.0586 | 2,475.0461 | 2,025.0377 | 1,912.5356 | 0 | 0 | 0 | 56,251.0471 | 42,750.7958 | |
| Packs bought in Nov-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,774.7212 | 19,246.2029 | 13,585.555 | 10,189.1662 | 7,924.9071 | 6,226.7127 | 5,094.5831 | 3,962.4535 | 3,169.9628 | 2,490.6851 | 2,037.8332 | 1,924.6203 | 0 | 0 | 43,020.9241 | 56,606.4791 | |
| Packs bought in Dec-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,414.9711 | 18,954.9766 | 13,379.9835 | 10,034.9876 | 7,804.9904 | 6,132.4924 | 5,017.4938 | 3,902.4952 | 3,121.9961 | 2,452.997 | 2,006.9975 | 1,895.4977 | 0 | 23,414.9711 | 74,704.9076 | |
| Packs bought in Jan-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,816.156 | 20,898.7929 | 14,752.0891 | 11,064.0668 | 8,605.3853 | 6,761.3742 | 5,532.0334 | 4,302.6927 | 3,442.1541 | 2,704.5497 | 2,212.8134 | 2,089.8793 | 0 | 108,181.9869 | |
| Packs bought in Feb-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,979.2798 | 21,030.8456 | 14,845.3028 | 11,133.9771 | 8,659.7599 | 6,804.0971 | 5,566.9885 | 4,329.88 | 3,463.904 | 2,721.6388 | 2,226.7954 | 0 | 106,762.469 | |
| Packs bought in Mar-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,138.2326 | 21,969.0454 | 15,507.5615 | 11,630.6711 | 9,046.0775 | 7,107.6323 | 5,815.3356 | 4,523.0388 | 3,618.431 | 2,843.0529 | 0 | 109,199.0788 | |
| Packs bought in Apr-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,897.1898 | 21,773.9155 | 15,369.8227 | 11,527.3671 | 8,965.7299 | 7,044.5021 | 5,763.6835 | 4,482.865 | 3,586.292 | 0 | 105,411.3676 | |
| Packs bought in May-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,425.6652 | 22,201.729 | 15,671.8087 | 11,753.8565 | 9,141.8884 | 7,182.9123 | 5,876.9283 | 4,570.9442 | 0 | 103,825.7325 | |
| Packs bought in Jun-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,535.2287 | 23,099.947 | 16,305.8449 | 12,229.3837 | 9,511.7429 | 7,473.5123 | 6,114.6919 | 0 | 103,270.3513 | |
| Packs bought in Jul-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,571.4698 | 22,319.7612 | 15,755.1256 | 11,816.3442 | 9,190.4899 | 7,221.0992 | 0 | 93,874.2899 | |
| Packs bought in Aug-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,687.5127 | 20,794.6532 | 14,678.5787 | 11,008.934 | 8,562.5042 | 0 | 80,732.1829 | |
| Packs bought in Sep-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,404.469 | 26,232.1892 | 18,516.8394 | 13,887.6296 | 0 | 91,041.1271 | |
| Packs bought in Oct-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,684.228 | 27,268.1846 | 19,248.1303 | 0 | 80,200.5429 | |
| Packs bought in Nov-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,897.0676 | 27,440.4833 | 0 | 61,337.551 | |
| Packs bought in Dec-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,384.1499 | 0 | 33,384.1499 | |
| CREDITS USED | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 66,771.5 | 70,109.39 | 73,013.09 | 73,802.24 | 73,694.1 | 76,351.66 | 78,099.69 | 78,231.94 | 81,862.7176 | 86,209.5222 | 89,550.5935 | 91,707.6539 | 95,807.7998 | 99,077.7316 | 102,652.988 | 105,293.8173 | 107,776.8833 | 110,835.1247 | 112,231.66 | 111,487.6108 | 117,360.7574 | 123,492.789 | 128,163.2019 | 131,175.6522 | 939,404.0972 | 1,345,356.0159 | |
| Credits used, grossed up for expected breakage | REVENUE AND BREAKAGE | used / (1 - breakage) | 75,876.7045 | 79,669.7614 | 82,969.4205 | 83,866.1818 | 83,743.2955 | 86,763.25 | 88,749.6477 | 88,899.9318 | 93,025.8154 | 97,965.3662 | 101,762.038 | 104,213.243 | 108,872.4998 | 112,588.3314 | 116,651.1227 | 119,652.0651 | 122,473.731 | 125,949.0053 | 127,535.9773 | 126,690.4668 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,067,504.6559 | 1,528,813.6544 |
| True-up when a pack expires (actual unused credits less expected breakage) | REVENUE AND BREAKAGE | pack bought 12 months earlier | -365.9086 | 2,292.3973 | -726.3368 | 162.9155 | -1,521.9464 | -1,075.6941 | -405.3118 | -2,490.6591 | -1,912.035 | -2,278.2561 | -547.8552 | -5,064.7473 | 2,602.8713 | -776.6664 | 679.671 | -256.0068 | 3,627.5994 | -3,539.5682 | 62.9232 | -191.0492 | 0 | 0 | 0 | 0 | -13,933.4377 | 2,209.7743 |
| DEVELOPER REVENUE | REVENUE AND BREAKAGE | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,113.7804 | 95,687.1101 | 101,214.1829 | 99,148.4957 | 111,475.371 | 111,811.665 | 117,330.7937 | 119,396.0583 | 126,101.3305 | 122,409.4371 | 127,598.9005 | 126,499.4176 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,053,571.2182 | 1,531,023.4287 | |
| of which breakage recognised | REVENUE AND BREAKAGE | used x breakage / (1 - breakage) + true-up | 8,739.2959 | 11,852.7686 | 9,229.9936 | 10,226.8573 | 8,527.2491 | 9,335.8959 | 10,244.6459 | 8,177.3327 | 9,251.0629 | 9,477.5878 | 11,663.5894 | 7,440.8418 | 15,667.5712 | 12,733.9334 | 14,677.8057 | 14,102.241 | 18,324.4472 | 11,574.3125 | 15,367.2405 | 15,011.8068 | 16,003.7396 | 16,839.9258 | 17,476.8003 | 17,887.5889 | 114,167.121 | 185,667.4128 |
| Credits expired unused (face value, pack bought 12 months earlier) | REVENUE AND BREAKAGE | memo | 6,779.76 | 8,896.66 | 6,757.08 | 7,994.23 | 7,136.4 | 7,029.23 | 7,292.29 | 5,049.17 | 7,900.77 | 7,659.2386 | 9,084.0727 | 4,870.0919 | 11,551.1979 | 10,176.3368 | 11,744.9945 | 10,053.662 | 13,864.9975 | 7,664.0336 | 11,314.31 | 10,301.9091 | 12,987.3386 | 13,500.2513 | 13,585.555 | 13,379.9835 | 86,448.9932 | 140,124.5698 |
| Share of that pack expired unused | REVENUE AND BREAKAGE | 11.46% | 15.52% | 10.96% | 12.22% | 10.1% | 10.58% | 11.44% | 8.37% | 9.89% | 9.51% | 11.4% | 6.27% | 14.97% | 11.24% | 12.64% | 11.74% | 15.59% | 8.53% | 12.06% | 11.81% | 12% | 12% | 12% | 12% | 10.64% | 12.22% | |
| CONTRACT LIABILITY: DEVELOPER CREDITS | CONTRACT LIABILITY: DEVELOPER CREDITS | opening + packs - revenue | 210,641.7941 | 219,177.9955 | 229,825.6118 | 231,454.4145 | 238,172.3155 | 242,308.5395 | 247,788.6836 | 248,629.6809 | 265,743.7222 | 282,558.7064 | 294,557.4818 | 306,908.8483 | 318,367.5532 | 330,266.7445 | 342,165.6298 | 350,851.4277 | 355,348.5029 | 368,821.107 | 372,514.9197 | 368,336.9913 | 389,279.4893 | 409,347.8603 | 425,122.4659 | 435,031.3671 | 306,908.8483 | 435,031.3671 |
| Per pack schedule: packs live less credits used grossed up | CONTRACT LIABILITY: DEVELOPER CREDITS | independent calculation | 210,641.7955 | 219,177.9968 | 229,825.6132 | 231,454.4159 | 238,172.3168 | 242,308.5409 | 247,788.685 | 248,629.6823 | 265,743.7236 | 282,558.7078 | 294,557.4832 | 306,908.8496 | 318,367.5546 | 330,266.7458 | 342,165.6312 | 350,851.4291 | 355,348.5043 | 368,821.1084 | 372,514.921 | 368,336.9926 | 389,279.4907 | 409,347.8616 | 425,122.4672 | 435,031.3685 | 306,908.8496 | 435,031.3685 |
| Check: roll-forward less schedule (must be zero) | CONTRACT LIABILITY: DEVELOPER CREDITS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Credits outstanding at face value (memo) | CONTRACT LIABILITY: DEVELOPER CREDITS | packs live less credits used | 286,234.11 | 297,726.42 | 310,846.95 | 314,708.38 | 322,817.13 | 329,260.02 | 337,692.52 | 341,661.68 | 360,126.0141 | 378,759.3476 | 393,337.6397 | 408,259.756 | 423,834.8343 | 438,291.6222 | 453,123.3188 | 465,857.6956 | 474,814.2205 | 492,197.1035 | 499,943.8466 | 500,475.8159 | 524,434.715 | 547,842.7604 | 567,508.6113 | 581,925.118 | 408,259.756 | 581,925.118 |
| Card charges incl. VAT | CARD SALES, VAT AND USAGE | packs x (1 + 20% x share in France) | 82,574.3182 | 96,833.2452 | 99,393.049 | 91,653.953 | 95,164.9975 | 96,111.4446 | 100,392.1936 | 93,357.7889 | 115,803.7692 | 120,377.2409 | 121,137.8654 | 119,304.8525 | 131,539.4613 | 132,370.6162 | 138,275.7566 | 137,047.5861 | 139,740.2941 | 145,393.7841 | 140,483.203 | 130,883.9935 | 165,108.4847 | 171,629.1617 | 172,713.6303 | 170,100.1923 | 1,232,104.718 | 1,775,286.1639 |
| Card charges (number of packs) | CARD SALES, VAT AND USAGE | packs / average pack | 514.4817 | 603.3224 | 619.2713 | 571.0527 | 592.9283 | 598.8252 | 625.4965 | 581.6685 | 721.5188 | 750.014 | 754.7531 | 743.3324 | 819.5605 | 824.739 | 861.5312 | 853.879 | 870.656 | 905.8803 | 875.2848 | 815.4766 | 1,028.7133 | 1,069.3406 | 1,076.0974 | 1,059.8143 | 7,676.6649 | 11,060.973 |
| Output VAT (customers in France, due on payment) | CARD SALES, VAT AND USAGE | 5,402.0582 | 6,334.8852 | 6,502.349 | 5,996.053 | 6,225.7475 | 6,287.6646 | 6,567.7136 | 6,107.5189 | 7,575.9475 | 7,875.1466 | 7,924.9071 | 7,804.9904 | 8,605.3853 | 8,659.7599 | 9,046.0775 | 8,965.7299 | 9,141.8884 | 9,511.7429 | 9,190.4899 | 8,562.5042 | 10,801.4897 | 11,228.076 | 11,299.0225 | 11,128.05 | 80,604.9815 | 116,140.2163 | |
| Sales to EU businesses (reverse charge, DES) | CARD SALES, VAT AND USAGE | 30,868.904 | 36,199.344 | 37,156.28 | 34,263.16 | 35,575.7 | 35,929.512 | 37,529.792 | 34,900.108 | 43,291.1287 | 45,000.8377 | 45,285.1833 | 44,599.9449 | 49,173.6304 | 49,484.3425 | 51,691.8716 | 51,232.7425 | 52,239.3623 | 54,352.8165 | 52,517.0852 | 48,928.5957 | 61,722.798 | 64,160.4343 | 64,565.8431 | 63,588.8569 | 460,599.8946 | 663,658.379 | |
| Units used: Document AI (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 3,024.1 | 3,175.2 | 3,306.8 | 3,342.5 | 3,337.6 | 3,458 | 3,537.1 | 3,543.1 | 3,707.5506 | 3,904.4168 | 4,055.7334 | 4,153.4264 | 4,821.246 | 4,985.7957 | 5,165.7099 | 5,298.6019 | 5,423.5549 | 5,577.4519 | 5,647.7285 | 5,610.2864 | 5,905.8352 | 6,214.4117 | 6,449.4365 | 6,601.0292 | 42,545.5271 | 67,701.0878 |
| Units used: Voice AI (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 2,419.3 | 2,540.2 | 2,645.4 | 2,674 | 2,670.1 | 2,766.4 | 2,829.7 | 2,834.5 | 2,966.0405 | 3,123.5334 | 3,244.5867 | 3,322.7411 | 3,856.9968 | 3,988.6365 | 4,132.568 | 4,238.8815 | 4,338.8439 | 4,461.9615 | 4,518.1828 | 4,488.2291 | 4,724.6682 | 4,971.5293 | 5,159.5492 | 5,280.8234 | 34,036.5017 | 54,160.8702 |
| Units used: Agent workspace (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 725.8 | 762.1 | 793.6 | 802.2 | 801 | 829.9 | 848.9 | 850.3 | 889.8121 | 937.06 | 973.376 | 996.8223 | 1,157.099 | 1,196.591 | 1,239.7704 | 1,271.6645 | 1,301.6532 | 1,338.5885 | 1,355.4548 | 1,346.4687 | 1,417.4005 | 1,491.4588 | 1,547.8648 | 1,584.247 | 10,210.8705 | 16,248.2611 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Customers at the start of the month | 334 | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 386.972 | 394.0747 | 400.2619 | 404.9596 | 411.6306 | 417.3964 | 423.4709 | 428.2076 | 432.5326 | 437.0518 | 439.6746 | 439.8504 | 445.386 | 451.0867 | 455.9057 | ||||
| New customers | A: billing; F: run-rate x seasonality x factor | 22 | 15 | 23 | 13 | 14 | 13 | 8 | 8 | 16.092 | 16.39 | 15.645 | 14.304 | 16.39 | 15.645 | 16.092 | 14.9 | 14.602 | 14.9 | 13.112 | 10.728 | 16.092 | 16.39 | 15.645 | 14.304 | 178.431 | 178.8 | |
| Customers lost | A: billing; F: opening x rate x factor | -13 | -9 | -7 | -9 | -4 | -8 | -11 | -9 | -9.12 | -9.2873 | -9.4578 | -9.6063 | -9.719 | -9.8791 | -10.0175 | -10.1633 | -10.277 | -10.3808 | -10.4892 | -10.5522 | -10.5564 | -10.6893 | -10.8261 | -10.9417 | -107.4714 | -124.4917 | |
| CUSTOMERS AT MONTH END | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 386.972 | 394.0747 | 400.2619 | 404.9596 | 411.6306 | 417.3964 | 423.4709 | 428.2076 | 432.5326 | 437.0518 | 439.6746 | 439.8504 | 445.386 | 451.0867 | 455.9057 | 459.2679 | 404.9596 | 459.2679 | ||
| Customers lost a month, share of opening | 3.89% | 2.62% | 2.01% | 2.47% | 1.08% | 2.11% | 2.86% | 2.36% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.4% | 2.42% | 2.4% | ||
| Check: billing system less the bridge (actual months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Plan fee per customer a month | A: fees / customers; F: prior x (1 + growth) | 430.9691 | 433.4832 | 434.0744 | 435.2619 | 433.9783 | 436.4922 | 438.2264 | 436.8848 | 437.7586 | 438.6341 | 439.5114 | 440.3904 | 441.2712 | 442.1537 | 443.0381 | 443.9241 | 444.812 | 445.7016 | 446.593 | 447.4862 | 448.3812 | 449.2779 | 450.1765 | 451.0768 | 436.3054 | 446.1577 | |
| PLAN FEES | A: billing; F: customers x fee | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 169,400.3255 | 172,854.6005 | 175,919.6581 | 178,340.326 | 181,640.7135 | 184,553.3944 | 187,613.7295 | 190,091.6914 | 192,395.6943 | 194,794.7078 | 196,355.6016 | 196,826.9851 | 199,702.6934 | 202,663.3135 | 205,238.0038 | 207,165.1193 | 1,979,743.0002 | 2,339,041.6476 | |
| USAGE ABOVE THE ALLOWANCE | A: billing; F: plan fees x driver | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 38,962.0749 | 39,756.5581 | 40,461.5214 | 41,018.275 | 41,777.3641 | 42,447.2807 | 43,151.1578 | 43,721.089 | 44,251.0097 | 44,802.7828 | 45,161.7884 | 45,270.2066 | 45,931.6195 | 46,612.5621 | 47,204.7409 | 47,647.9774 | 453,712.8093 | 537,979.579 | |
| Usage above the allowance, share of plan fees | 22.87% | 21.54% | 20.55% | 20.61% | 22.52% | 24.36% | 24.63% | 25.58% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 23% | 22.92% | 23% | ||
| TEAM REVENUE | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 208,362.4004 | 212,611.1586 | 216,381.1795 | 219,358.601 | 223,418.0776 | 227,000.6751 | 230,764.8872 | 233,812.7805 | 236,646.704 | 239,597.4906 | 241,517.3899 | 242,097.1917 | 245,634.3128 | 249,275.8757 | 252,442.7447 | 254,813.0968 | 2,433,455.8095 | 2,877,021.2266 | ||
| Allowance used (at list prices) | plan fees x share used | 125,649.0315 | 128,592.7855 | 134,671.569 | 136,519.894 | 139,806.1215 | 142,471.067 | 141,919.604 | 141,113.804 | 143,990.2767 | 146,926.4104 | 149,531.7094 | 151,589.2771 | 154,394.6065 | 156,870.3852 | 159,471.67 | 161,577.9377 | 163,536.3401 | 165,575.5017 | 166,902.2613 | 167,302.9373 | 169,747.2894 | 172,263.8165 | 174,452.3032 | 176,090.3514 | 1,682,781.5502 | 1,988,185.4005 | |
| Card charges incl. VAT | revenue x (1 + 20% x share in France) | 197,970.8031 | 200,417.8531 | 208,188.0489 | 211,146.5051 | 219,652.3419 | 227,198.183 | 226,824.0296 | 227,251.5276 | 227,115.0164 | 231,746.1629 | 235,855.4856 | 239,100.8751 | 243,525.7046 | 247,430.7358 | 251,533.7271 | 254,855.9307 | 257,944.9073 | 261,161.2648 | 263,253.955 | 263,885.9389 | 267,741.401 | 271,710.7045 | 275,162.5917 | 277,746.2755 | 2,652,466.8324 | 3,135,953.137 | |
| Output VAT (customers in France, due on payment) | 16,346.2131 | 16,548.2631 | 17,189.8389 | 17,434.1151 | 18,136.4319 | 18,759.483 | 18,728.5896 | 18,763.8876 | 18,752.616 | 19,135.0043 | 19,474.3062 | 19,742.2741 | 20,107.627 | 20,430.0608 | 20,768.8399 | 21,043.1502 | 21,298.2034 | 21,563.7742 | 21,736.5651 | 21,788.7473 | 22,107.0882 | 22,434.8288 | 22,719.847 | 22,933.1787 | 219,011.0229 | 258,931.9104 | ||
| Sales to EU businesses (reverse charge, DES) | 63,568.6065 | 64,354.3565 | 66,849.3735 | 67,799.3365 | 70,530.5685 | 72,953.545 | 72,833.404 | 72,970.674 | 72,926.8401 | 74,413.9055 | 75,733.4128 | 76,775.5104 | 78,196.3272 | 79,450.2363 | 80,767.7105 | 81,834.4732 | 82,826.3464 | 83,859.1217 | 84,531.0865 | 84,734.0171 | 85,972.0095 | 87,246.5565 | 88,354.9606 | 89,184.5839 | 851,709.5333 | 1,006,957.4293 | ||
| Units used: Document AI (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 5,777.2 | 5,839.7 | 6,059.2 | 6,145.7 | 6,407.4 | 6,641.2 | 6,632.3 | 6,651.6 | 6,628.7084 | 6,763.8757 | 6,883.8127 | 6,978.5345 | 7,897.4223 | 8,024.0606 | 8,157.1187 | 8,264.8561 | 8,365.0302 | 8,469.3351 | 8,537.2001 | 8,557.695 | 8,682.7258 | 8,811.4484 | 8,923.3915 | 9,007.1791 | 77,409.2313 | 101,697.4629 | |
| Units used: Voice AI (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 4,814.3 | 4,866.4 | 5,049.3 | 5,121.4 | 5,339.5 | 5,534.3 | 5,526.9 | 5,543 | 5,523.9237 | 5,636.5631 | 5,736.5106 | 5,815.4454 | 6,581.1853 | 6,686.7172 | 6,797.5989 | 6,887.3801 | 6,970.8585 | 7,057.7793 | 7,114.3334 | 7,131.4125 | 7,235.6048 | 7,342.8737 | 7,436.1596 | 7,505.9826 | 64,507.5427 | 84,747.8858 | |
| Units used: Agent workspace (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 3,033 | 3,065.9 | 3,181.1 | 3,226.5 | 3,363.9 | 3,486.6 | 3,481.9 | 3,492.1 | 3,480.0719 | 3,551.0347 | 3,614.0017 | 3,663.7306 | 4,146.1467 | 4,212.6318 | 4,282.4873 | 4,339.0495 | 4,391.6408 | 4,446.4009 | 4,482.03 | 4,492.7899 | 4,558.431 | 4,626.0104 | 4,684.7805 | 4,728.769 | 40,639.8389 | 53,391.168 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E01 Tervane Assurances | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 41,132.7917 | 42,037.7131 | 42,962.5428 | 43,907.7187 | 44,873.6886 | 45,860.9097 | 46,869.8497 | 47,900.9864 | 48,954.8081 | 46,029.2688 | 47,041.9127 | 48,076.8348 | 49,134.5251 | 50,215.4847 | 51,320.2254 | 52,449.2703 | 441,437.3964 | 578,727.7643 |
| E02 Draxholm Logistik | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 18,478.1568 | 16,962.9479 | 17,302.2069 | 17,648.251 | 18,001.2161 | 18,361.2404 | 18,728.4652 | 19,103.0345 | 19,485.0952 | 19,874.7971 | 20,272.293 | 20,677.7389 | 21,091.2937 | 19,361.8076 | 19,749.0437 | 20,144.0246 | 208,674.7927 | 234,850.0499 |
| E03 Lunedo Banca | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 34,957.102 | 35,586.3298 | 36,226.8838 | 36,878.9677 | 37,542.7891 | 34,396.7034 | 35,015.844 | 35,646.1292 | 36,287.7596 | 36,940.9392 | 37,605.8761 | 38,282.7819 | 38,971.872 | 39,673.3657 | 40,387.4863 | 41,114.461 | 388,843.2733 | 451,866.0074 |
| E04 Kellbrook Utilities | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 13,618.17 | 15,121.65 | 15,187.01 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 14,888.3003 | 15,141.4014 | 15,398.8052 | 15,660.5849 | 15,926.8149 | 16,197.5707 | 16,472.9294 | 14,240.0238 | 14,482.1042 | 14,728.3 | 14,978.6811 | 15,233.3187 | 15,492.2851 | 15,755.654 | 16,023.5001 | 16,295.8996 | 181,626.0919 | 185,827.0817 |
| E05 Ambrelle Sante | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 14,835.98 | 15,921.18 | 16,481.85 | 16,795.0052 | 17,114.1102 | 17,439.2783 | 17,770.6246 | 18,108.2665 | 18,452.3236 | 18,802.9177 | 19,160.1731 | 19,524.2164 | 19,895.1765 | 18,651.3301 | 19,005.7054 | 19,366.8138 | 19,734.7832 | 20,109.7441 | 20,491.8293 | 192,082.8884 | 231,303.2798 |
| E06 Veskari Telecom | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 17,035.62 | 15,577.3709 | 15,826.6089 | 16,079.8346 | 16,337.112 | 16,598.5057 | 16,864.0818 | 17,133.9072 | 17,408.0497 | 17,686.5785 | 17,969.5637 | 18,257.0767 | 18,549.19 | 16,961.3793 | 17,232.7614 | 17,508.4856 | 17,788.6213 | 187,838.6764 | 209,958.2008 |
| E07 Oisterra Energia | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 14,615.7518 | 14,878.8353 | 13,631.9889 | 13,877.3647 | 14,127.1573 | 14,381.4461 | 14,640.3121 | 14,903.8377 | 15,172.1068 | 15,445.2047 | 15,723.2184 | 16,006.2364 | 16,294.3486 | 16,587.6469 | 15,197.6021 | 15,471.1589 | 178,103.6306 | 183,950.276 |
| E08 Pravenza Retail | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | 0 |
| E09 Solberre Mutuelle | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,445.85 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 13,466.9988 | 13,736.3388 | 14,011.0656 | 14,291.2869 | 14,577.1126 | 13,679.1625 | 13,952.7457 | 14,231.8006 | 14,516.4366 | 14,806.7654 | 15,102.9007 | 15,404.9587 | 15,713.0579 | 16,027.319 | 16,347.8654 | 16,674.8227 | 169,198.44 | 181,034.9478 |
| E10 Ivarone Insurance | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,886.68 | 15,829.89 | 17,869.82 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 18,489.483 | 18,877.7621 | 19,274.1951 | 19,678.9532 | 20,092.2113 | 20,514.1477 | 20,944.9448 | 19,246.3098 | 19,650.4823 | 20,063.1424 | 20,484.4684 | 20,914.6422 | 21,353.8497 | 21,802.2806 | 22,260.1285 | 22,727.5911 | 209,907.1335 | 250,054.1987 |
| E11 Mercadel Foods | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 9,199.87 | 9,997.67 | 10,470.53 | 11,996.73 | 12,236.6646 | 12,481.3979 | 12,731.0258 | 12,985.6464 | 13,245.3593 | 13,510.2665 | 13,780.4718 | 14,056.0812 | 14,337.2029 | 13,161.5522 | 13,424.7833 | 13,693.2789 | 13,967.1445 | 14,246.4874 | 14,531.4172 | 14,822.0455 | 125,185.8947 | 166,776.0908 |
| E12 Halvesta Travel | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 11,833.15 | 11,573.31 | 11,793.2029 | 12,017.2737 | 12,245.6019 | 12,478.2684 | 12,715.3555 | 12,956.9472 | 13,203.1292 | 13,453.9887 | 13,709.6145 | 13,970.0971 | 14,235.529 | 13,055.4036 | 13,303.4563 | 13,556.222 | 13,813.7902 | 14,076.2522 | 136,677.477 | 162,049.7856 |
| E13 Varnholm Freight | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 10,661.9026 | 10,024.7473 | 10,245.2917 | 10,470.6881 | 10,701.0433 | 10,936.4662 | 11,177.0685 | 11,422.964 | 11,674.2692 | 11,931.1031 | 12,193.5874 | 12,461.8463 | 12,736.0069 | 11,974.9032 | 12,238.351 | 12,507.5948 | 119,382.7297 | 141,955.2039 |
| E14 Brevalle Logistique | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 13,018.3406 | 13,408.8908 | 13,811.1576 | 14,225.4923 | 14,652.257 | 15,091.8248 | 15,544.5795 | 14,730.0435 | 15,171.9448 | 15,627.1032 | 16,095.9163 | 16,578.7938 | 17,076.1576 | 17,588.4423 | 18,116.0956 | 18,659.5784 | 113,884.7113 | 194,932.7369 |
| E15 Maltessa Telecom | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 16,447.839 | 17,113.9765 | 17,807.0925 | 18,528.2798 | 19,084.1282 | 19,656.652 | 20,246.3516 | 20,853.7421 | 21,479.3544 | 22,123.735 | 20,964.4513 | 21,593.3849 | 22,241.1864 | 22,908.422 | 23,595.6747 | 24,303.5449 | 99,704.8178 | 259,050.6275 |
| P01 Grevon Assurances (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,910 | 9,270.855 | 9,646.3246 | 10,037.0008 | 10,443.4993 | 10,866.461 | 11,192.4549 | 11,528.2285 | 11,874.0754 | 12,230.2976 | 12,597.2065 | 12,975.1227 | 12,295.2263 | 12,664.0831 | 18,180.855 | 138,349.9808 |
| P02 Aldebrink Logistics (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,400 | 5,618.7 | 5,846.2573 | 6,083.0308 | 6,329.3935 | 6,585.734 | 6,783.306 | 6,986.8052 | 7,196.4093 | 7,412.3016 | 7,634.6706 | 7,863.7108 | 7,451.6523 | 5,400 | 81,791.9713 |
| P03 Serranova Banca (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,560 | 7,866.18 | 8,184.7603 | 8,516.2431 | 8,861.1509 | 9,220.0275 | 9,496.6284 | 9,781.5272 | 10,074.973 | 10,377.2222 | 10,688.5389 | 0 | 100,627.2516 |
| P04 Kettelby Water (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,050 | 4,214.025 | 4,384.693 | 4,562.2731 | 4,747.0451 | 4,939.3005 | 5,087.4795 | 5,240.1039 | 5,397.307 | 5,559.2262 | 0 | 48,181.4532 |
| P05 Vanthor Energie (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,075 | 6,321.0375 | 6,577.0395 | 6,843.4096 | 7,120.5677 | 7,408.9507 | 7,631.2192 | 7,860.1558 | 0 | 55,837.3801 |
| E01 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 460,000 | 460,000 | 460,000 | 460,000 | 460,000 | 460,000 | 460,000 | 380,000 | 460,000 |
| E02 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 270,000 | 261,000 | 261,000 | 261,000 | 270,000 | 261,000 |
| E03 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 300,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 342,000 | 320,000 | 342,000 |
| E04 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 190,000 | 190,000 | 190,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 195,500 | 195,500 | 195,500 | 195,500 | 195,500 | 195,500 | 195,500 | 195,500 | 195,500 | 210,000 | 195,500 |
| E05 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 257,600 | 257,600 | 257,600 | 257,600 | 257,600 | 257,600 | 260,000 | 257,600 |
| E06 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 216,000 | 207,000 | 207,000 | 207,000 | 207,000 | 216,000 | 207,000 |
| E07 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 162,000 | 153,000 | 153,000 | 162,000 | 153,000 |
| E08 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 160,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E09 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 180,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 193,200 | 190,000 | 193,200 |
| E10 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 160,000 | 160,000 | 160,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 189,000 | 189,000 | 189,000 | 189,000 | 189,000 | 189,000 | 189,000 | 189,000 | 189,000 | 170,000 | 189,000 |
| E11 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 126,000 | 126,000 | 126,000 | 126,000 | 126,000 | 126,000 | 126,000 | 130,000 | 126,000 |
| E12 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 144,000 | 144,000 | 144,000 | 144,000 | 144,000 | 150,000 | 144,000 |
| E13 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 | 147,200 |
| E14 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 0 | 0 | 0 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 239,200 | 239,200 | 239,200 | 239,200 | 239,200 | 239,200 | 239,200 | 239,200 | 239,200 | 240,000 | 239,200 |
| E15 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 294,400 | 294,400 | 294,400 | 294,400 | 294,400 | 294,400 | 300,000 | 294,400 |
| P01 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 198,000 | 193,200 | 193,200 | 198,000 | 193,200 | |
| P02 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 119,600 | 120,000 | 119,600 | |
| P03 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 168,000 | 0 | 168,000 | |
| P04 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 90,000 | 0 | 90,000 | |
| P05 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135,000 | 135,000 | 135,000 | 135,000 | 135,000 | 135,000 | 135,000 | 135,000 | 0 | 135,000 | |
| E01 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 240,341.09 | 270,158.4 | 299,641.55 | 331,999.77 | 365,059.34 | 35,682.11 | 76,630.28 | 116,877.63 | 158,010.4217 | 200,048.1348 | 243,010.6776 | 286,918.3964 | 331,792.0849 | 377,652.9946 | 424,522.8444 | 472,423.8308 | 521,378.6389 | 46,029.2688 | 93,071.1815 | 141,148.0163 | 190,282.5414 | 240,498.0261 | 291,818.2515 | 344,267.5218 | 286,918.3964 | 344,267.5218 | |
| E02 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 63,957.21 | 79,614.76 | 97,347 | 114,259.76 | 130,821.73 | 150,140.88 | 168,486.75 | 186,602.59 | 205,080.7468 | 16,962.9479 | 34,265.1548 | 51,913.4059 | 69,914.6219 | 88,275.8623 | 107,004.3275 | 126,107.362 | 145,592.4572 | 165,467.2543 | 185,739.5473 | 206,417.2862 | 227,508.5799 | 19,361.8076 | 39,110.8513 | 59,254.8759 | 51,913.4059 | 59,254.8759 | |
| E03 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 305,087.31 | 27,589.77 | 56,240.13 | 86,840.5 | 118,680.21 | 149,078.88 | 184,003.84 | 218,342.84 | 253,299.942 | 288,886.2718 | 325,113.1556 | 361,992.1233 | 399,534.9124 | 34,396.7034 | 69,412.5474 | 105,058.6766 | 141,346.4362 | 178,287.3754 | 215,893.2515 | 254,176.0334 | 293,147.9054 | 332,821.2711 | 373,208.7573 | 414,323.2183 | 361,992.1233 | 414,323.2183 | |
| E04 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 128,905.33 | 144,026.98 | 159,213.99 | 14,753.92 | 29,971.34 | 45,716.65 | 61,970.74 | 76,610.17 | 91,498.4703 | 106,639.8717 | 122,038.677 | 137,699.2619 | 153,626.0768 | 169,823.6475 | 186,296.5769 | 14,240.0238 | 28,722.1281 | 43,450.4281 | 58,429.1092 | 73,662.4279 | 89,154.7131 | 104,910.367 | 120,933.8671 | 137,229.7667 | 137,699.2619 | 137,229.7667 | |
| E05 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 111,978.63 | 127,835.76 | 143,220.54 | 157,278.26 | 172,167.55 | 187,003.53 | 15,921.18 | 32,403.03 | 49,198.0352 | 66,312.1454 | 83,751.4237 | 101,522.0484 | 119,630.3149 | 138,082.6384 | 156,885.5561 | 176,045.7293 | 195,569.9457 | 215,465.1223 | 18,651.3301 | 37,657.0355 | 57,023.8493 | 76,758.6325 | 96,868.3767 | 117,360.2059 | 101,522.0484 | 117,360.2059 | |
| E06 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 77,581.1 | 93,932.35 | 108,375.94 | 122,447.44 | 136,949.32 | 151,590.4 | 168,049.62 | 185,085.24 | 15,577.3709 | 31,403.9798 | 47,483.8144 | 63,820.9264 | 80,419.4321 | 97,283.5139 | 114,417.4211 | 131,825.4708 | 149,512.0492 | 167,481.6129 | 185,738.6897 | 204,287.8796 | 16,961.3793 | 34,194.1407 | 51,702.6262 | 69,491.2475 | 63,820.9264 | 69,491.2475 | |
| E07 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 40,593.81 | 55,786.61 | 70,697.39 | 86,028.4 | 102,185.91 | 117,733.81 | 132,831.37 | 147,188.69 | 161,804.4418 | 176,683.2771 | 13,631.9889 | 27,509.3536 | 41,636.5108 | 56,017.9569 | 70,658.2691 | 85,562.1068 | 100,734.2136 | 116,179.4183 | 131,902.6368 | 147,908.8731 | 164,203.2217 | 180,790.8686 | 15,197.6021 | 30,668.761 | 27,509.3536 | 30,668.761 | |
| E08 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 152,582.89 | 168,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 143,121.62 | 14,800.59 | 28,341 | 42,728.44 | 56,828.27 | 70,829.72 | 86,043.96 | 99,246.9 | 112,713.8988 | 126,450.2376 | 140,461.3031 | 154,752.59 | 169,329.7026 | 13,679.1625 | 27,631.9082 | 41,863.7088 | 56,380.1454 | 71,186.9108 | 86,289.8115 | 101,694.7702 | 117,407.8281 | 133,435.1471 | 149,783.0125 | 166,457.8352 | 154,752.59 | 166,457.8352 | |
| E10 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 113,873.72 | 129,703.61 | 147,573.43 | 17,854.46 | 33,885.56 | 49,828.07 | 66,891.16 | 85,000.35 | 103,489.833 | 122,367.5951 | 141,641.7903 | 161,320.7435 | 181,412.9547 | 201,927.1024 | 222,872.0472 | 19,246.3098 | 38,896.792 | 58,959.9344 | 79,444.4028 | 100,359.0451 | 121,712.8948 | 143,515.1753 | 165,775.3038 | 188,502.8949 | 161,320.7435 | 188,502.8949 | |
| E11 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 59,500.54 | 67,760.74 | 75,872.25 | 84,421.65 | 93,621.52 | 9,997.67 | 20,468.2 | 32,464.93 | 44,701.5946 | 57,182.9925 | 69,914.0183 | 82,899.6647 | 96,145.024 | 109,655.2905 | 123,435.7623 | 137,491.8435 | 151,829.0464 | 13,161.5522 | 26,586.3355 | 40,279.6145 | 54,246.759 | 68,493.2464 | 83,024.6636 | 97,846.7091 | 82,899.6647 | 97,846.7091 | |
| E12 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 50,302.53 | 60,412.31 | 71,534.64 | 83,112.15 | 93,749.7 | 106,071.34 | 117,904.49 | 11,573.31 | 23,366.5129 | 35,383.7866 | 47,629.3886 | 60,107.657 | 72,823.0124 | 85,779.9597 | 98,983.0889 | 112,437.0776 | 126,146.6921 | 140,116.7892 | 154,352.3182 | 13,055.4036 | 26,358.86 | 39,915.0819 | 53,728.8721 | 67,805.1243 | 60,107.657 | 67,805.1243 | |
| E13 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 35,314.83 | 44,148.84 | 54,438.9 | 64,213.11 | 73,684.35 | 83,655.45 | 94,080.44 | 104,512.83 | 115,174.7326 | 10,024.7473 | 20,270.039 | 30,740.7271 | 41,441.7704 | 52,378.2367 | 63,555.3051 | 74,978.2691 | 86,652.5383 | 98,583.6415 | 110,777.2289 | 123,239.0752 | 135,975.0821 | 11,974.9032 | 24,213.2542 | 36,720.8489 | 30,740.7271 | 36,720.8489 | |
| E14 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 11,000 | 22,796.33 | 35,495.32 | 46,909.21 | 59,420.83 | 72,439.1706 | 85,848.0614 | 99,659.219 | 113,884.7113 | 128,536.9683 | 143,628.7931 | 159,173.3726 | 14,730.0435 | 29,901.9884 | 45,529.0916 | 61,625.0079 | 78,203.8016 | 95,279.9592 | 112,868.4015 | 130,984.4971 | 149,644.0756 | 113,884.7113 | 149,644.0756 | |
| E15 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 29,807.63 | 46,255.469 | 63,369.4455 | 81,176.5381 | 99,704.8178 | 118,788.946 | 138,445.5981 | 158,691.9497 | 179,545.6918 | 201,025.0462 | 223,148.7812 | 20,964.4513 | 42,557.8362 | 64,799.0226 | 87,707.4446 | 111,303.1192 | 135,606.6641 | 99,704.8178 | 135,606.6641 | |
| P01 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,910 | 18,180.855 | 27,827.1796 | 37,864.1804 | 48,307.6797 | 59,174.1407 | 70,366.5956 | 81,894.8241 | 93,768.8995 | 105,999.1971 | 118,596.4036 | 131,571.5264 | 12,295.2263 | 24,959.3094 | 18,180.855 | 24,959.3094 | |
| P02 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,400 | 11,018.7 | 16,864.9574 | 22,947.9881 | 29,277.3816 | 35,863.1156 | 42,646.4216 | 49,633.2267 | 56,829.636 | 64,241.9376 | 71,876.6083 | 79,740.319 | 7,451.6523 | 5,400 | 7,451.6523 | |
| P03 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,560 | 15,426.18 | 23,610.9403 | 32,127.1834 | 40,988.3343 | 50,208.3618 | 59,704.9902 | 69,486.5174 | 79,561.4905 | 89,938.7127 | 100,627.2516 | 0 | 100,627.2516 | |
| P04 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,050 | 8,264.025 | 12,648.718 | 17,210.9911 | 21,958.0362 | 26,897.3367 | 31,984.8162 | 37,224.92 | 42,622.227 | 48,181.4532 | 0 | 48,181.4532 | |
| P05 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,075 | 12,396.0375 | 18,973.077 | 25,816.4866 | 32,937.0543 | 40,346.005 | 47,977.2243 | 55,837.3801 | 0 | 55,837.3801 | |
| E01 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 87,500 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 115,000 | 0 | 0 | 115,000 | 0 | 0 | 115,000 | 372,500 | 440,000 | |
| E02 | COMMITMENT BILLED (quarterly in advance from the contract start) | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 67,500 | 0 | 0 | 67,500 | 0 | 0 | 67,500 | 0 | 0 | 67,500 | 0 | 0 | 65,250 | 0 | 0 | 277,500 | 267,750 | |
| E03 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 85,500 | 0 | 0 | 85,500 | 0 | 0 | 85,500 | 0 | 0 | 85,500 | 0 | 320,000 | 342,000 | |
| E04 | COMMITMENT BILLED (quarterly in advance from the contract start) | 47,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 48,875 | 0 | 0 | 48,875 | 0 | 0 | 48,875 | 0 | 0 | 205,000 | 199,125 | |
| E05 | COMMITMENT BILLED (quarterly in advance from the contract start) | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 64,400 | 0 | 0 | 64,400 | 0 | 0 | 250,000 | 258,800 | |
| E06 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 55,000 | 0 | 0 | 55,000 | 0 | 0 | 54,000 | 0 | 0 | 54,000 | 0 | 0 | 54,000 | 0 | 0 | 54,000 | 0 | 0 | 51,750 | 0 | 0 | 51,750 | 218,000 | 211,500 | |
| E07 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 40,500 | 0 | 0 | 40,500 | 0 | 0 | 40,500 | 0 | 0 | 40,500 | 0 | 0 | 38,250 | 0 | 168,000 | 159,750 | |
| E08 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 48,300 | 0 | 0 | 48,300 | 0 | 0 | 48,300 | 0 | 0 | 48,300 | 0 | 190,000 | 193,200 | |
| E10 | COMMITMENT BILLED (quarterly in advance from the contract start) | 40,000 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 47,250 | 0 | 0 | 47,250 | 0 | 0 | 47,250 | 0 | 0 | 167,500 | 184,250 | |
| E11 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 30,000 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 31,500 | 0 | 0 | 31,500 | 0 | 0 | 31,500 | 127,500 | 127,000 | |
| E12 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 35,000 | 0 | 0 | 35,000 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 36,000 | 0 | 0 | 36,000 | 0 | 145,000 | 147,000 | |
| E13 | COMMITMENT BILLED (quarterly in advance from the contract start) | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 149,300 | 147,200 | |
| E14 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 59,800 | 0 | 0 | 59,800 | 0 | 0 | 59,800 | 0 | 0 | 180,000 | 239,400 | |
| E15 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 73,600 | 0 | 0 | 73,600 | 0 | 0 | 150,000 | 297,200 | |
| P01 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,500 | 0 | 0 | 49,500 | 0 | 0 | 49,500 | 0 | 0 | 49,500 | 0 | 0 | 48,300 | 0 | 49,500 | 196,800 | |
| P02 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 29,900 | 30,000 | 119,900 | |
| P03 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,000 | 0 | 0 | 42,000 | 0 | 0 | 42,000 | 0 | 0 | 42,000 | 0 | 0 | 168,000 | |
| P04 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,500 | 0 | 0 | 22,500 | 0 | 0 | 22,500 | 0 | 0 | 22,500 | 0 | 90,000 | |
| P05 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,750 | 0 | 0 | 33,750 | 0 | 0 | 33,750 | 0 | 0 | 101,250 | |
| E01 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 15,059.34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,522.8444 | 47,900.9864 | 48,954.8081 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,059.34 | 141,378.6389 | |
| E02 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E03 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 5,087.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,113.1556 | 36,878.9677 | 37,542.7891 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,208.7573 | 41,114.461 | 47,079.4333 | 109,866.0074 | |
| E04 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E05 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E06 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E07 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,683.2771 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,203.2217 | 16,587.6469 | 0 | 0 | 6,683.2771 | 18,790.8686 | |
| E08 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 8,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,216.42 | 0 | |
| E09 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E10 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,412.9547 | 20,514.1477 | 20,944.9448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52,872.0472 | |
| E11 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,491.8435 | 14,337.2029 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,829.0464 | |
| E12 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,352.3182 | 0 | 0 | 0 | 0 | 0 | 0 | 4,352.3182 | |
| E13 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E14 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E15 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P01 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P02 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P03 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P04 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P05 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E01 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E02 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74,919.2532 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,491.4201 | 0 | 0 | 0 | 74,919.2532 | 42,491.4201 | |
| E03 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E04 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 30,786.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,703.4231 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,786.01 | 23,703.4231 | |
| E05 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 52,996.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,534.8777 | 0 | 0 | 0 | 0 | 0 | 0 | 52,996.47 | 44,534.8777 | |
| E06 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,914.76 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,712.1204 | 0 | 0 | 0 | 0 | 34,914.76 | 11,712.1204 | |
| E07 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E08 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 36,878.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,670.2974 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,878.38 | 20,670.2974 | |
| E10 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 12,426.57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,426.57 | 0 | |
| E11 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 26,378.48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,378.48 | 0 | |
| E12 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 22,095.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,095.51 | 0 | |
| E13 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,825.2674 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,224.9179 | 0 | 0 | 0 | 34,825.2674 | 11,224.9179 | |
| E14 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80,826.6274 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80,826.6274 | |
| E15 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,851.2188 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,851.2188 | |
| P01 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,428.4736 | 0 | 0 | 0 | 66,428.4736 | |
| P02 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,259.681 | 0 | 0 | 40,259.681 | |
| P03 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P04 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P05 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E01 | REVENUE BY ACCOUNT (usage + unused commitment) | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 41,132.7917 | 42,037.7131 | 42,962.5428 | 43,907.7187 | 44,873.6886 | 45,860.9097 | 46,869.8497 | 47,900.9864 | 48,954.8081 | 46,029.2688 | 47,041.9127 | 48,076.8348 | 49,134.5251 | 50,215.4847 | 51,320.2254 | 52,449.2703 | 441,437.3964 | 578,727.7643 | |
| E02 | REVENUE BY ACCOUNT (usage + unused commitment) | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 93,397.41 | 16,962.9479 | 17,302.2069 | 17,648.251 | 18,001.2161 | 18,361.2404 | 18,728.4652 | 19,103.0345 | 19,485.0952 | 19,874.7971 | 20,272.293 | 20,677.7389 | 63,582.7138 | 19,361.8076 | 19,749.0437 | 20,144.0246 | 283,594.0459 | 277,341.4701 | |
| E03 | REVENUE BY ACCOUNT (usage + unused commitment) | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 34,957.102 | 35,586.3298 | 36,226.8838 | 36,878.9677 | 37,542.7891 | 34,396.7034 | 35,015.844 | 35,646.1292 | 36,287.7596 | 36,940.9392 | 37,605.8761 | 38,282.7819 | 38,971.872 | 39,673.3657 | 40,387.4863 | 41,114.461 | 388,843.2733 | 451,866.0074 | |
| E04 | REVENUE BY ACCOUNT (usage + unused commitment) | 13,618.17 | 15,121.65 | 45,973.02 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 14,888.3003 | 15,141.4014 | 15,398.8052 | 15,660.5849 | 15,926.8149 | 16,197.5707 | 40,176.3525 | 14,240.0238 | 14,482.1042 | 14,728.3 | 14,978.6811 | 15,233.3187 | 15,492.2851 | 15,755.654 | 16,023.5001 | 16,295.8996 | 212,412.1019 | 209,530.5048 | |
| E05 | REVENUE BY ACCOUNT (usage + unused commitment) | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 67,832.45 | 15,921.18 | 16,481.85 | 16,795.0052 | 17,114.1102 | 17,439.2783 | 17,770.6246 | 18,108.2665 | 18,452.3236 | 18,802.9177 | 19,160.1731 | 19,524.2164 | 64,430.0543 | 18,651.3301 | 19,005.7054 | 19,366.8138 | 19,734.7832 | 20,109.7441 | 20,491.8293 | 245,079.3584 | 275,838.1576 | |
| E06 | REVENUE BY ACCOUNT (usage + unused commitment) | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 51,950.38 | 15,577.3709 | 15,826.6089 | 16,079.8346 | 16,337.112 | 16,598.5057 | 16,864.0818 | 17,133.9072 | 17,408.0497 | 17,686.5785 | 17,969.5637 | 18,257.0767 | 30,261.3103 | 16,961.3793 | 17,232.7614 | 17,508.4856 | 17,788.6213 | 222,753.4364 | 221,670.3212 | |
| E07 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 14,615.7518 | 14,878.8353 | 13,631.9889 | 13,877.3647 | 14,127.1573 | 14,381.4461 | 14,640.3121 | 14,903.8377 | 15,172.1068 | 15,445.2047 | 15,723.2184 | 16,006.2364 | 16,294.3486 | 16,587.6469 | 15,197.6021 | 15,471.1589 | 178,103.6306 | 183,950.276 | |
| E08 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | 0 | |
| E09 | REVENUE BY ACCOUNT (usage + unused commitment) | 51,324.23 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 13,466.9988 | 13,736.3388 | 14,011.0656 | 14,291.2869 | 35,247.41 | 13,679.1625 | 13,952.7457 | 14,231.8006 | 14,516.4366 | 14,806.7654 | 15,102.9007 | 15,404.9587 | 15,713.0579 | 16,027.319 | 16,347.8654 | 16,674.8227 | 206,076.82 | 201,705.2452 | |
| E10 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,886.68 | 15,829.89 | 30,296.39 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 18,489.483 | 18,877.7621 | 19,274.1951 | 19,678.9532 | 20,092.2113 | 20,514.1477 | 20,944.9448 | 19,246.3098 | 19,650.4823 | 20,063.1424 | 20,484.4684 | 20,914.6422 | 21,353.8497 | 21,802.2806 | 22,260.1285 | 22,727.5911 | 222,333.7035 | 250,054.1987 | |
| E11 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 35,578.35 | 9,997.67 | 10,470.53 | 11,996.73 | 12,236.6646 | 12,481.3979 | 12,731.0258 | 12,985.6464 | 13,245.3593 | 13,510.2665 | 13,780.4718 | 14,056.0812 | 14,337.2029 | 13,161.5522 | 13,424.7833 | 13,693.2789 | 13,967.1445 | 14,246.4874 | 14,531.4172 | 14,822.0455 | 151,564.3747 | 166,776.0908 | |
| E12 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 33,928.66 | 11,573.31 | 11,793.2029 | 12,017.2737 | 12,245.6019 | 12,478.2684 | 12,715.3555 | 12,956.9472 | 13,203.1292 | 13,453.9887 | 13,709.6145 | 13,970.0971 | 14,235.529 | 13,055.4036 | 13,303.4563 | 13,556.222 | 13,813.7902 | 14,076.2522 | 158,772.987 | 162,049.7856 | |
| E13 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 45,487.17 | 10,024.7473 | 10,245.2917 | 10,470.6881 | 10,701.0433 | 10,936.4662 | 11,177.0685 | 11,422.964 | 11,674.2692 | 11,931.1031 | 12,193.5874 | 12,461.8463 | 23,960.9248 | 11,974.9032 | 12,238.351 | 12,507.5948 | 154,207.9971 | 153,180.1218 | |
| E14 | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 13,018.3406 | 13,408.8908 | 13,811.1576 | 14,225.4923 | 14,652.257 | 15,091.8248 | 96,371.2069 | 14,730.0435 | 15,171.9448 | 15,627.1032 | 16,095.9163 | 16,578.7938 | 17,076.1576 | 17,588.4423 | 18,116.0956 | 18,659.5784 | 113,884.7113 | 275,759.3643 | |
| E15 | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 16,447.839 | 17,113.9765 | 17,807.0925 | 18,528.2798 | 19,084.1282 | 19,656.652 | 20,246.3516 | 20,853.7421 | 21,479.3544 | 98,974.9538 | 20,964.4513 | 21,593.3849 | 22,241.1864 | 22,908.422 | 23,595.6747 | 24,303.5449 | 99,704.8178 | 335,901.8463 | |
| P01 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,910 | 9,270.855 | 9,646.3246 | 10,037.0008 | 10,443.4993 | 10,866.461 | 11,192.4549 | 11,528.2285 | 11,874.0754 | 12,230.2976 | 12,597.2065 | 79,403.5964 | 12,295.2263 | 12,664.0831 | 18,180.855 | 204,778.4544 | |
| P02 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,400 | 5,618.7 | 5,846.2573 | 6,083.0308 | 6,329.3935 | 6,585.734 | 6,783.306 | 6,986.8052 | 7,196.4093 | 7,412.3016 | 7,634.6706 | 48,123.3917 | 7,451.6523 | 5,400 | 122,051.6523 | |
| P03 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,560 | 7,866.18 | 8,184.7603 | 8,516.2431 | 8,861.1509 | 9,220.0275 | 9,496.6284 | 9,781.5272 | 10,074.973 | 10,377.2222 | 10,688.5389 | 0 | 100,627.2516 | |
| P04 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,050 | 4,214.025 | 4,384.693 | 4,562.2731 | 4,747.0451 | 4,939.3005 | 5,087.4795 | 5,240.1039 | 5,397.307 | 5,559.2262 | 0 | 48,181.4532 | |
| P05 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,075 | 6,321.0375 | 6,577.0395 | 6,843.4096 | 7,120.5677 | 7,408.9507 | 7,631.2192 | 7,860.1558 | 0 | 55,837.3801 | |
| E01 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 87,500 | 0 | 15,059.34 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 139,522.8444 | 47,900.9864 | 48,954.8081 | 115,000 | 0 | 0 | 115,000 | 0 | 0 | 115,000 | 387,559.34 | 581,378.6389 | |
| E02 | BILLING BY ACCOUNT (commitment + usage above it) | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 67,500 | 0 | 0 | 67,500 | 0 | 0 | 67,500 | 0 | 0 | 67,500 | 0 | 0 | 65,250 | 0 | 0 | 277,500 | 267,750 | |
| E03 | BILLING BY ACCOUNT (commitment + usage above it) | 5,087.31 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 85,113.1556 | 36,878.9677 | 37,542.7891 | 85,500 | 0 | 0 | 85,500 | 0 | 0 | 85,500 | 0 | 0 | 116,708.7573 | 41,114.461 | 367,079.4333 | 451,866.0074 | |
| E04 | BILLING BY ACCOUNT (commitment + usage above it) | 47,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 48,875 | 0 | 0 | 48,875 | 0 | 0 | 48,875 | 0 | 0 | 205,000 | 199,125 | |
| E05 | BILLING BY ACCOUNT (commitment + usage above it) | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 64,400 | 0 | 0 | 64,400 | 0 | 0 | 250,000 | 258,800 | |
| E06 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 55,000 | 0 | 0 | 55,000 | 0 | 0 | 54,000 | 0 | 0 | 54,000 | 0 | 0 | 54,000 | 0 | 0 | 54,000 | 0 | 0 | 51,750 | 0 | 0 | 51,750 | 218,000 | 211,500 | |
| E07 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 6,683.2771 | 40,500 | 0 | 0 | 40,500 | 0 | 0 | 40,500 | 0 | 0 | 40,500 | 2,203.2217 | 16,587.6469 | 38,250 | 0 | 174,683.2771 | 178,540.8686 | |
| E08 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 8,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,216.42 | 0 | |
| E09 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 48,300 | 0 | 0 | 48,300 | 0 | 0 | 48,300 | 0 | 0 | 48,300 | 0 | 190,000 | 193,200 | |
| E10 | BILLING BY ACCOUNT (commitment + usage above it) | 40,000 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 53,912.9547 | 20,514.1477 | 20,944.9448 | 47,250 | 0 | 0 | 47,250 | 0 | 0 | 47,250 | 0 | 0 | 167,500 | 237,122.0472 | |
| E11 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 30,000 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 7,491.8435 | 14,337.2029 | 31,500 | 0 | 0 | 31,500 | 0 | 0 | 31,500 | 127,500 | 148,829.0464 | |
| E12 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 35,000 | 0 | 0 | 35,000 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 4,352.3182 | 36,000 | 0 | 0 | 36,000 | 0 | 145,000 | 151,352.3182 | |
| E13 | BILLING BY ACCOUNT (commitment + usage above it) | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 36,800 | 0 | 0 | 149,300 | 147,200 | |
| E14 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 59,800 | 0 | 0 | 59,800 | 0 | 0 | 59,800 | 0 | 0 | 180,000 | 239,400 | |
| E15 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 73,600 | 0 | 0 | 73,600 | 0 | 0 | 150,000 | 297,200 | |
| P01 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,500 | 0 | 0 | 49,500 | 0 | 0 | 49,500 | 0 | 0 | 49,500 | 0 | 0 | 48,300 | 0 | 49,500 | 196,800 | |
| P02 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 29,900 | 30,000 | 119,900 | |
| P03 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,000 | 0 | 0 | 42,000 | 0 | 0 | 42,000 | 0 | 0 | 42,000 | 0 | 0 | 168,000 | |
| P04 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,500 | 0 | 0 | 22,500 | 0 | 0 | 22,500 | 0 | 0 | 22,500 | 0 | 90,000 | |
| P05 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,750 | 0 | 0 | 33,750 | 0 | 0 | 33,750 | 0 | 0 | 101,250 | |
| E01 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 22,158.91 | -7,658.4 | 50,358.45 | 18,000.23 | 0 | 59,317.89 | 18,369.72 | -21,877.63 | 31,989.5783 | -10,048.1348 | -53,010.6776 | -1,918.3964 | -46,792.0849 | -92,652.9946 | 0 | 0 | 0 | 68,970.7312 | 21,928.8185 | -26,148.0163 | 39,717.4586 | -10,498.0261 | -61,818.2515 | 732.4782 | -1,918.3964 | 732.4782 |
| E02 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 76,042.79 | 60,385.24 | 42,653 | 95,740.24 | 79,178.27 | 59,859.12 | 111,513.25 | 93,397.41 | 0 | 50,537.0521 | 33,234.8452 | 15,586.5941 | 65,085.3781 | 46,724.1377 | 27,995.6725 | 76,392.638 | 56,907.5428 | 37,032.7457 | 84,260.4527 | 63,582.7138 | 0 | 45,888.1924 | 26,139.1487 | 5,995.1241 | 15,586.5941 | 5,995.1241 |
| E03 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 52,410.23 | 23,759.87 | -6,840.5 | 41,319.79 | 10,921.12 | -24,003.84 | 21,657.16 | -13,299.942 | -48,886.2718 | 0 | 0 | 0 | 51,103.2966 | 16,087.4526 | -19,558.6766 | 29,653.5638 | -7,287.3754 | -44,893.2515 | 2,323.9666 | -36,647.9054 | -76,321.2711 | 0 | 0 | 0 | 0 |
| E04 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 61,094.67 | 45,973.02 | 0 | 37,746.08 | 22,528.66 | 6,783.35 | 43,029.26 | 28,389.83 | 13,501.5297 | 50,860.1283 | 35,461.323 | 19,800.7381 | 56,373.9232 | 40,176.3525 | 0 | 34,634.9762 | 20,152.8719 | 5,424.5719 | 39,320.8908 | 24,087.5721 | 8,595.2869 | 41,714.633 | 25,691.1329 | 9,395.2333 | 19,800.7381 | 9,395.2333 |
| E05 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 68,021.37 | 52,164.24 | 36,779.46 | 82,721.74 | 67,832.45 | 0 | 49,078.82 | 32,596.97 | 15,801.9649 | 63,687.8546 | 46,248.5763 | 28,477.9516 | 75,369.6851 | 56,917.3616 | 38,114.4439 | 83,954.2707 | 64,430.0543 | 0 | 45,748.6699 | 26,742.9645 | 7,376.1507 | 52,041.3675 | 31,931.6233 | 11,439.7941 | 28,477.9516 | 11,439.7941 |
| E06 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 32,418.9 | 16,067.65 | 56,624.06 | 42,552.56 | 28,050.68 | 68,409.6 | 51,950.38 | 0 | 38,422.6291 | 22,596.0202 | 6,516.1856 | 44,179.0736 | 27,580.5679 | 10,716.4861 | 47,582.5789 | 30,174.5292 | 12,487.9508 | 48,518.3871 | 30,261.3103 | 0 | 34,788.6207 | 17,555.8593 | 47.3738 | 34,008.7525 | 44,179.0736 | 34,008.7525 |
| E07 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 1,906.19 | 29,213.39 | 14,302.61 | -1,028.4 | 25,314.09 | 9,766.19 | -5,331.37 | 22,811.31 | 8,195.5582 | 0 | 26,868.0111 | 12,990.6464 | -1,136.5108 | 24,982.0431 | 10,341.7309 | -4,562.1068 | 20,765.7864 | 5,320.5817 | -10,402.6368 | 14,091.1269 | 0 | 0 | 23,052.3979 | 7,581.239 | 12,990.6464 | 7,581.239 |
| E08 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 7,417.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E09 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 32,699.41 | 19,159 | 4,771.56 | 38,171.73 | 24,170.28 | 8,956.04 | 43,253.1 | 29,786.1012 | 16,049.7624 | 49,538.6969 | 35,247.41 | 0 | 34,620.8375 | 20,668.0918 | 6,436.2912 | 40,219.8546 | 25,413.0892 | 10,310.1885 | 43,205.2298 | 27,492.1719 | 11,464.8529 | 43,416.9875 | 26,742.1648 | 35,247.41 | 26,742.1648 |
| E10 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 46,126.28 | 30,296.39 | 0 | 24,645.54 | 8,614.44 | -7,328.07 | 18,108.84 | -0.35 | -18,489.833 | 5,132.4049 | -14,141.7903 | -33,820.7435 | 0 | 0 | 0 | 28,003.6902 | 8,353.208 | -11,709.9344 | 15,055.5972 | -5,859.0451 | -27,212.8948 | -1,765.1753 | -24,025.3038 | -46,752.8949 | -33,820.7435 | -46,752.8949 |
| E11 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 30,499.46 | 22,239.26 | 44,127.75 | 35,578.35 | 0 | 22,502.33 | 12,031.8 | 35.07 | 20,298.4054 | 7,817.0075 | -4,914.0183 | 14,600.3353 | 1,354.976 | -12,155.2905 | 6,564.2377 | 0 | 0 | 18,338.4478 | 4,913.6645 | -8,779.6145 | 8,753.241 | -5,493.2464 | -20,024.6636 | -3,346.7091 | 14,600.3353 | -3,346.7091 |
| E12 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 19,697.47 | 44,587.69 | 33,465.36 | 21,887.85 | 46,250.3 | 33,928.66 | 0 | 25,926.69 | 14,133.4871 | 2,116.2134 | 27,370.6114 | 14,892.343 | 2,176.9876 | 26,720.0403 | 13,516.9111 | 62.9224 | 23,853.3079 | 9,883.2108 | 0 | 22,944.5964 | 9,641.14 | -3,915.0819 | 18,271.1279 | 4,194.8757 | 14,892.343 | 4,194.8757 |
| E13 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 39,685.17 | 30,851.16 | 20,561.1 | 48,286.89 | 38,815.65 | 28,844.55 | 55,919.56 | 45,487.17 | 0 | 26,775.2527 | 16,529.961 | 6,059.2729 | 32,158.2296 | 21,221.7633 | 10,044.6949 | 35,421.7309 | 23,747.4617 | 11,816.3585 | 36,422.7711 | 23,960.9248 | 0 | 24,825.0968 | 12,586.7458 | 79.1511 | 6,059.2729 | 79.1511 |
| E14 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 49,000 | 37,203.67 | 24,504.68 | 73,090.79 | 60,579.17 | 47,560.8294 | 94,151.9386 | 80,340.781 | 66,115.2887 | 111,463.0317 | 96,371.2069 | 0 | 45,069.9565 | 29,898.0116 | 14,270.9084 | 57,974.9921 | 41,396.1984 | 24,320.0408 | 66,531.5985 | 48,415.5029 | 29,755.9244 | 66,115.2887 | 29,755.9244 |
| E15 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 45,192.37 | 28,744.531 | 86,630.5545 | 68,823.4619 | 50,295.1822 | 106,211.054 | 86,554.4019 | 66,308.0503 | 120,454.3082 | 98,974.9538 | 0 | 52,635.5487 | 31,042.1638 | 8,800.9774 | 59,492.5554 | 35,896.8808 | 11,593.3359 | 50,295.1822 | 11,593.3359 |
| P01 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,590 | 31,319.145 | 21,672.8204 | 61,135.8196 | 50,692.3203 | 39,825.8593 | 78,133.4044 | 66,605.1759 | 54,731.1005 | 92,000.8029 | 79,403.5964 | 0 | 36,004.7737 | 23,340.6906 | 31,319.145 | 23,340.6906 |
| P02 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,600 | 18,981.3 | 13,135.0426 | 37,052.0119 | 30,722.6184 | 24,136.8844 | 47,353.5784 | 40,366.7733 | 33,170.364 | 55,758.0624 | 48,123.3917 | 0 | 22,448.3477 | 24,600 | 22,448.3477 |
| P03 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,440 | 26,573.82 | 18,389.0597 | 51,872.8166 | 43,011.6657 | 33,791.6382 | 66,295.0098 | 56,513.4826 | 46,438.5095 | 78,061.2873 | 67,372.7484 | 0 | 67,372.7484 |
| P04 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,450 | 14,235.975 | 9,851.282 | 27,789.0089 | 23,041.9638 | 18,102.6633 | 35,515.1838 | 30,275.08 | 24,877.773 | 41,818.5468 | 0 | 41,818.5468 |
| P05 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,675 | 21,353.9625 | 14,776.923 | 41,683.5134 | 34,562.9457 | 27,153.995 | 53,272.7757 | 45,412.6199 | 0 | 45,412.6199 |
| Usage | TOTALS | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 252,558.9101 | 255,208.3339 | 268,076.9709 | 279,410.0937 | 285,510.9299 | 294,303.0007 | 304,956.2266 | 305,951.8044 | 318,886.0984 | 320,622.7446 | 324,437.0173 | 330,240.1598 | 335,702.4595 | 339,999.4009 | 344,764.0952 | 351,750.351 | 2,806,498.2186 | 3,857,124.2882 | |
| Commitment billed | TOTALS | 255,000 | 205,000 | 172,500 | 322,500 | 205,000 | 182,500 | 402,500 | 207,500 | 181,500 | 399,300 | 255,000 | 211,500 | 399,300 | 303,300 | 234,000 | 400,225 | 337,050 | 253,000 | 398,225 | 335,550 | 250,750 | 395,975 | 332,100 | 250,650 | 2,999,800 | 3,890,125 | |
| Usage above the commitment billed | TOTALS | 5,087.31 | 8,216.42 | 0 | 0 | 15,059.34 | 0 | 0 | 0 | 0 | 6,683.2771 | 5,113.1556 | 36,878.9677 | 48,955.7438 | 20,514.1477 | 65,467.7892 | 55,392.83 | 63,292.011 | 0 | 4,352.3182 | 0 | 2,203.2217 | 16,587.6469 | 31,208.7573 | 41,114.461 | 77,038.4703 | 349,088.9268 | |
| Unused commitment recognised | TOTALS | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 109,744.5206 | 0 | 0 | 0 | 20,670.2974 | 0 | 104,530.0505 | 0 | 0 | 121,386.0965 | 0 | 11,712.1204 | 53,716.338 | 66,428.4736 | 40,259.681 | 0 | 326,220.7006 | 418,703.0574 | |
| CONTRACT REVENUE | TOTALS | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 283,764.98 | 362,303.4308 | 255,208.3339 | 268,076.9709 | 279,410.0937 | 306,181.2273 | 294,303.0007 | 409,486.2771 | 305,951.8044 | 318,886.0984 | 442,008.8411 | 324,437.0173 | 341,952.2802 | 389,418.7975 | 406,427.8745 | 385,023.7762 | 351,750.351 | 3,132,718.9192 | 4,275,827.3456 | |
| BILLING | TOTALS | 260,087.31 | 213,216.42 | 172,500 | 322,500 | 220,059.34 | 182,500 | 402,500 | 207,500 | 181,500 | 405,983.2771 | 260,113.1556 | 248,378.9677 | 448,255.7438 | 323,814.1477 | 299,467.7892 | 455,617.83 | 400,342.011 | 253,000 | 402,577.3182 | 335,550 | 252,953.2217 | 412,562.6469 | 363,308.7573 | 291,764.461 | 3,076,838.4703 | 4,239,213.9268 | |
| Invoiced incl. VAT: accounts in France | TOTALS | 72,000 | 57,000 | 105,000 | 144,000 | 75,071.208 | 114,000 | 150,000 | 57,000 | 114,000 | 150,000 | 116,400 | 114,000 | 150,000 | 117,360 | 167,427.4132 | 207,241.1837 | 176,105.7697 | 138,000 | 149,040 | 117,360 | 138,000 | 149,040 | 115,920 | 138,000 | 1,268,471.208 | 1,763,494.3667 | |
| Invoiced: accounts outside France (reverse charge in the EU, outside the scope elsewhere) | TOTALS | 200,087.31 | 165,716.42 | 85,000 | 202,500 | 157,500 | 87,500 | 277,500 | 160,000 | 86,500 | 280,983.2771 | 163,113.1556 | 153,378.9677 | 323,255.7438 | 226,014.1477 | 159,944.9448 | 282,916.8435 | 253,587.2029 | 138,000 | 278,377.3182 | 237,750 | 137,953.2217 | 288,362.6469 | 266,708.7573 | 176,764.461 | 2,019,779.1303 | 2,769,635.2879 | |
| Billing to EU businesses (reverse charge, DES) | TOTALS | 152,587.31 | 165,716.42 | 85,000 | 150,000 | 157,500 | 87,500 | 225,000 | 160,000 | 86,500 | 228,483.2771 | 163,113.1556 | 153,378.9677 | 270,755.7438 | 226,014.1477 | 137,444.9448 | 234,041.8435 | 253,587.2029 | 115,500 | 229,502.3182 | 237,750 | 115,453.2217 | 239,487.6469 | 266,708.7573 | 154,264.461 | 1,814,779.1303 | 2,480,510.2879 | |
| Contract liabilities (accounts billed ahead of usage) | TOTALS | 405,068.32 | 416,887.68 | 341,790.66 | 460,931.04 | 433,279.73 | 349,007.77 | 503,048.46 | 419,326.25 | 248,434.6142 | 426,354.1891 | 431,522.4534 | 364,163.981 | 518,427.9535 | 604,818.7898 | 389,992.0168 | 563,778.8258 | 621,113.9549 | 451,102.4237 | 565,541.303 | 544,629.8103 | 431,238.359 | 471,505.132 | 457,665.5312 | 341,911.0264 | 364,163.981 | 341,911.0264 | |
| Contract assets (accounts used ahead of billing) | TOTALS | 0 | 7,658.4 | 0 | 7,868.9 | 0 | 7,328.07 | 29,335.21 | 21,877.98 | 31,789.775 | 58,934.4067 | 72,066.4862 | 35,739.1399 | 47,928.5958 | 104,808.2851 | 0 | 24,120.7834 | 0 | 18,997.3099 | 55,295.8883 | 40,786.6758 | 63,860.8002 | 97,992.8009 | 105,868.2188 | 50,099.604 | 35,739.1399 | 50,099.604 | |
| Check: change in net contract position equals billing less revenue (must be zero) | TOTALS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Commitments signed in the month (new and renewal, expected) | TOTALS | commission base | 0 | 510,000 | 0 | 620,000 | 0 | 510,000 | 560,000 | 150,000 | 216,000 | 417,200 | 360,000 | 120,000 | 0 | 703,200 | 90,000 | 623,700 | 135,000 | 586,000 | 552,000 | 144,000 | 207,000 | 408,200 | 346,200 | 119,600 | 3,463,200 | 3,914,900 |
| Refund liability: expected credit notes | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | A: ledger; F: released when settled | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 4,517.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Credit notes issued (ex VAT) | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | F: share credited x invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.802 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.802 | 0 |
| Revenue adjustment: credit notes and the change in the refund liability | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | -0.002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.802 | 0 | |
| ENTERPRISE REVENUE | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | contract revenue + adjustments | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 362,303.4308 | 255,208.3319 | 268,076.9709 | 279,410.0937 | 306,181.2273 | 294,303.0007 | 409,486.2771 | 305,951.8044 | 318,886.0984 | 442,008.8411 | 324,437.0173 | 341,952.2802 | 389,418.7975 | 406,427.8745 | 385,023.7762 | 351,750.351 | 3,128,201.1172 | 4,275,827.3456 |
| Units used: Document AI (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 11,589.7 | 11,899.1 | 11,599.8 | 12,705.5 | 12,837 | 13,328.9 | 14,412.8 | 14,381.4 | 14,660.7335 | 14,758.9103 | 15,587.0187 | 16,347.5383 | 18,566.5123 | 19,145.0274 | 19,698.0423 | 19,813.5983 | 20,653.6113 | 20,701.9457 | 21,009.5613 | 21,430.5682 | 21,869.6069 | 22,088.8146 | 22,393.5321 | 22,835.9133 | 164,108.4009 | 250,206.7336 |
| Units used: Voice AI (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 11,404.9 | 11,811.6 | 11,307.7 | 11,687 | 11,836.6 | 12,143.2 | 14,444.4 | 14,432.9 | 14,580.928 | 14,823.6119 | 15,562.7876 | 16,002.8832 | 18,159.1706 | 18,747.6526 | 19,624.8637 | 19,628.3204 | 20,355.2453 | 20,511.7354 | 20,661.5333 | 21,025.7607 | 21,287.7594 | 21,663.2043 | 21,993.805 | 22,462.4582 | 160,038.5109 | 246,121.5089 |
| Units used: Agent workspace (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 3,907 | 4,049.6 | 3,534.8 | 3,845.5 | 3,884.9 | 4,048.9 | 4,571.1 | 4,624.8 | 4,687.8443 | 4,732.589 | 4,946.2171 | 5,183.0703 | 5,885.9212 | 6,069.9474 | 6,276.973 | 6,306.9179 | 6,606.4933 | 6,654.0176 | 6,735.4448 | 6,839.4374 | 6,944.5128 | 7,027.2993 | 7,122.5031 | 7,265.0379 | 52,016.3206 | 79,734.5057 |
| Net revenue retention on usage: accounts live a year earlier, usage now / usage then | UNITS AND RETENTION | trailing 12 months, History for 2025 | 115.06% | 121.99% | 109.5% | 115.49% | 111.83% | 111.67% | 117.95% | 116.77% | 116.83% | 116.05% | 117.62% | 118.35% | 116.83% | 112.94% | 122.36% | 120.96% | 122.11% | 117.79% | 114.76% | 116.35% | 116.29% | 116.24% | 116.94% | 117.26% | 118.35% | 117.26% |
| Accounts with a commitment | UNITS AND RETENTION | 13 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 16 | 19 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: credits used, breakage and true-ups | REVENUE BY SEGMENT (IFRS 15) | Credits | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,113.7804 | 95,687.1101 | 101,214.1829 | 99,148.4957 | 111,475.371 | 111,811.665 | 117,330.7937 | 119,396.0583 | 126,101.3305 | 122,409.4371 | 127,598.9005 | 126,499.4176 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,053,571.2182 | 1,531,023.4287 |
| Team: plan fees | REVENUE BY SEGMENT (IFRS 15) | Team | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 169,400.3255 | 172,854.6005 | 175,919.6581 | 178,340.326 | 181,640.7135 | 184,553.3944 | 187,613.7295 | 190,091.6914 | 192,395.6943 | 194,794.7078 | 196,355.6016 | 196,826.9851 | 199,702.6934 | 202,663.3135 | 205,238.0038 | 207,165.1193 | 1,979,743.0002 | 2,339,041.6476 |
| Team: usage above the allowance | REVENUE BY SEGMENT (IFRS 15) | Team | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 38,962.0749 | 39,756.5581 | 40,461.5214 | 41,018.275 | 41,777.3641 | 42,447.2807 | 43,151.1578 | 43,721.089 | 44,251.0097 | 44,802.7828 | 45,161.7884 | 45,270.2066 | 45,931.6195 | 46,612.5621 | 47,204.7409 | 47,647.9774 | 453,712.8093 | 537,979.579 |
| Enterprise: usage | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 252,558.9101 | 255,208.3339 | 268,076.9709 | 279,410.0937 | 285,510.9299 | 294,303.0007 | 304,956.2266 | 305,951.8044 | 318,886.0984 | 320,622.7446 | 324,437.0173 | 330,240.1598 | 335,702.4595 | 339,999.4009 | 344,764.0952 | 351,750.351 | 2,806,498.2186 | 3,857,124.2882 |
| Enterprise: unused commitments at contract year end | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 109,744.5206 | 0 | 0 | 0 | 20,670.2974 | 0 | 104,530.0505 | 0 | 0 | 121,386.0965 | 0 | 11,712.1204 | 53,716.338 | 66,428.4736 | 40,259.681 | 0 | 326,220.7006 | 418,703.0574 |
| Enterprise: credit notes and refund liability | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | -0.002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.802 | 0 |
| REVENUE | REVENUE BY SEGMENT (IFRS 15) | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 661,779.6116 | 563,506.6006 | 585,672.3332 | 597,917.1905 | 641,074.6759 | 633,115.3408 | 757,581.958 | 659,160.6431 | 681,634.1329 | 804,015.7689 | 693,553.3077 | 710,548.8894 | 768,417.6074 | 796,036.4649 | 783,106.523 | 755,626.6889 | 6,615,228.1449 | 8,683,872.0009 | |
| Team revenue | REVENUE BY SEGMENT (IFRS 15) | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 208,362.4004 | 212,611.1586 | 216,381.1795 | 219,358.601 | 223,418.0776 | 227,000.6751 | 230,764.8872 | 233,812.7805 | 236,646.704 | 239,597.4906 | 241,517.3899 | 242,097.1917 | 245,634.3128 | 249,275.8757 | 252,442.7447 | 254,813.0968 | 2,433,455.8095 | 2,877,021.2266 | |
| Enterprise revenue | REVENUE BY SEGMENT (IFRS 15) | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 362,303.4308 | 255,208.3319 | 268,076.9709 | 279,410.0937 | 306,181.2273 | 294,303.0007 | 409,486.2771 | 305,951.8044 | 318,886.0984 | 442,008.8411 | 324,437.0173 | 341,952.2802 | 389,418.7975 | 406,427.8745 | 385,023.7762 | 351,750.351 | 3,128,201.1172 | 4,275,827.3456 | |
| Revenue growth on the same month a year earlier | REVENUE BY SEGMENT (IFRS 15) | History for 2025 | 50.64% | 48.95% | 46.71% | 45.37% | 46.64% | 33.32% | 50.53% | 35.27% | 36.13% | 21.57% | 35.12% | 34.79% | 29.13% | 33.32% | 47.63% | 34.81% | 30.19% | 41.5% | 22.34% | 23.76% | 16.11% | 41.26% | 33.71% | 26.38% | ||
| Document AI | REVENUE BY PRODUCT | usage mix by segment and account | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 303,373.5654 | 243,971.9664 | 254,362.8173 | 260,326.5832 | 282,210.0161 | 276,262.6631 | 337,526.8012 | 287,259.3948 | 297,502.1541 | 331,010.1637 | 302,674.415 | 306,941.6411 | 344,667.0934 | 352,610.9297 | 349,504.1983 | 330,992.3654 | 2,878,561.6568 | 3,799,161.8358 |
| Voice AI | REVENUE BY PRODUCT | usage mix by segment and account | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 178,375.0124 | 165,712.8607 | 172,420.5442 | 175,042.7713 | 187,878.0983 | 185,589.9505 | 215,006.9767 | 194,039.8819 | 200,489.8027 | 258,800.8353 | 203,754.9433 | 211,829.5042 | 217,692.6229 | 234,463.5283 | 222,605.9245 | 222,576.7258 | 1,930,242.8193 | 2,554,728.7943 |
| Agent workspace | REVENUE BY PRODUCT | usage mix by segment and account | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 180,031.0338 | 153,821.7735 | 158,888.9717 | 162,547.8359 | 170,986.5615 | 171,262.7272 | 205,048.1802 | 177,861.3665 | 183,642.1761 | 214,204.7699 | 187,123.9494 | 191,777.7442 | 206,057.891 | 208,962.0069 | 210,996.4002 | 202,057.5976 | 1,806,423.6687 | 2,329,981.3708 |
| Check: products less total revenue (must be zero) | REVENUE BY PRODUCT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Document AI (thousands of pages) | UNITS USED (thousands) | Credits + Team + Enterprise | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 24,996.9925 | 25,427.2028 | 26,526.5648 | 27,479.4992 | 31,285.1806 | 32,154.8836 | 33,020.8709 | 33,377.0563 | 34,442.1964 | 34,748.7328 | 35,194.4898 | 35,598.5495 | 36,458.1679 | 37,114.6747 | 37,766.3601 | 38,444.1216 | 284,063.1593 | 419,605.2843 |
| Voice AI (thousands of audio minutes) | UNITS USED (thousands) | Credits + Team + Enterprise | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 23,070.8922 | 23,583.7084 | 24,543.8849 | 25,141.0697 | 28,597.3526 | 29,423.0063 | 30,555.0305 | 30,754.5821 | 31,664.9478 | 32,031.4762 | 32,294.0494 | 32,645.4023 | 33,248.0324 | 33,977.6073 | 34,589.5137 | 35,249.2642 | 258,582.5553 | 385,030.2649 |
| Agent workspace (thousands of agent actions) | UNITS USED (thousands) | Credits + Team + Enterprise | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 9,057.7284 | 9,220.6837 | 9,533.5947 | 9,843.6232 | 11,189.1669 | 11,479.1702 | 11,799.2307 | 11,917.6319 | 12,299.7874 | 12,439.007 | 12,572.9297 | 12,678.696 | 12,920.3443 | 13,144.7685 | 13,355.1484 | 13,578.054 | 102,867.0301 | 149,373.9348 |
| Realised: Document AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1364 | 9.5949 | 9.589 | 9.4735 | 9.0206 | 8.5916 | 10.2216 | 8.6065 | 8.6377 | 9.5258 | 8.6001 | 8.6223 | 9.4538 | 9.5006 | 9.2544 | 8.6097 | 10.1335 | 9.0541 |
| Realised: Voice AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7316 | 7.0266 | 7.025 | 6.9624 | 6.5698 | 6.3076 | 7.0367 | 6.3093 | 6.3316 | 8.0796 | 6.3094 | 6.4888 | 6.5475 | 6.9005 | 6.4356 | 6.3144 | 7.4647 | 6.6351 |
| Realised: Agent workspace | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.876 | 16.6823 | 16.6662 | 16.513 | 15.2814 | 14.9194 | 17.3781 | 14.9242 | 14.9305 | 17.2204 | 14.8831 | 15.126 | 15.9483 | 15.897 | 15.7989 | 14.8812 | 17.5608 | 15.5983 |
| List: Document AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 9.936 | 11.04 | 9.936 |
| List: Voice AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 7.452 | 8.28 | 7.452 |
| List: Agent workspace | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 16.56 | 18.4 | 16.56 |
| Pure usage: Developer credits, Team usage above the allowance, Enterprise usage above commitments | VISIBILITY (share of revenue) | 23.04% | 25.85% | 22.37% | 23.95% | 25.65% | 22.26% | 22.84% | 22.45% | 19.66% | 25.22% | 25.06% | 29.61% | 31.54% | 27.61% | 29.83% | 33.15% | 34.28% | 20.8% | 25.54% | 24.17% | 23.62% | 25.57% | 28.61% | 31.47% | 23.95% | 27.85% | |
| Committed: Team plan fees and Enterprise commitments | VISIBILITY (share of revenue) | 76.96% | 74.15% | 77.63% | 76.05% | 74.35% | 77.74% | 77.16% | 77.55% | 80.34% | 74.78% | 74.94% | 70.39% | 68.46% | 72.39% | 70.17% | 66.85% | 65.72% | 79.2% | 74.46% | 75.83% | 76.38% | 74.43% | 71.39% | 68.53% | 76.05% | 72.15% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units: Document AI | UNITS (thousands) AND GPU HOURS | Revenue | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 24,996.9925 | 25,427.2028 | 26,526.5648 | 27,479.4992 | 31,285.1806 | 32,154.8836 | 33,020.8709 | 33,377.0563 | 34,442.1964 | 34,748.7328 | 35,194.4898 | 35,598.5495 | 36,458.1679 | 37,114.6747 | 37,766.3601 | 38,444.1216 | 284,063.1593 | 419,605.2843 |
| Units: Voice AI | UNITS (thousands) AND GPU HOURS | Revenue | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 23,070.8922 | 23,583.7084 | 24,543.8849 | 25,141.0697 | 28,597.3526 | 29,423.0063 | 30,555.0305 | 30,754.5821 | 31,664.9478 | 32,031.4762 | 32,294.0494 | 32,645.4023 | 33,248.0324 | 33,977.6073 | 34,589.5137 | 35,249.2642 | 258,582.5553 | 385,030.2649 |
| Units: Agent workspace | UNITS (thousands) AND GPU HOURS | Revenue | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 9,057.7284 | 9,220.6837 | 9,533.5947 | 9,843.6232 | 11,189.1669 | 11,479.1702 | 11,799.2307 | 11,917.6319 | 12,299.7874 | 12,439.007 | 12,572.9297 | 12,678.696 | 12,920.3443 | 13,144.7685 | 13,355.1484 | 13,578.054 | 102,867.0301 | 149,373.9348 |
| GPU hours per 1,000 units: Document AI | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.1764 | 0.1764 | 0.1764 | 0.1729 | 0.1729 | 0.1729 | 0.1694 | 0.1694 | 0.1694 | 0.1643 | 0.1643 | 0.1643 | 0.1594 | 0.1594 | 0.1594 | 0.1546 | 0.1546 | 0.1546 | 0.15 | 0.15 | 0.15 | 0.1455 | 0.1455 | 0.1455 | 0.1708 | 0.1524 |
| GPU hours per 1,000 units: Voice AI | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.2156 | 0.2156 | 0.2156 | 0.2113 | 0.2113 | 0.2113 | 0.2071 | 0.2071 | 0.2071 | 0.2009 | 0.2009 | 0.2009 | 0.1948 | 0.1948 | 0.1948 | 0.189 | 0.189 | 0.189 | 0.1833 | 0.1833 | 0.1833 | 0.1778 | 0.1778 | 0.1778 | 0.2087 | 0.1862 |
| GPU hours per 1,000 units: Agent workspace | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.0196 | 0.0196 | 0.0196 | 0.0192 | 0.0192 | 0.0192 | 0.0188 | 0.0188 | 0.0188 | 0.0183 | 0.0183 | 0.0183 | 0.0177 | 0.0177 | 0.0177 | 0.0172 | 0.0172 | 0.0172 | 0.0167 | 0.0167 | 0.0167 | 0.0162 | 0.0162 | 0.0162 | 0.019 | 0.0169 |
| Inference GPU hours: Document AI | UNITS (thousands) AND GPU HOURS | units x hours per unit | 3,596.9724 | 3,689.2296 | 3,698.3671 | 3,836.6693 | 3,903.7955 | 4,050.0625 | 4,164.618 | 4,163.5846 | 4,234.8905 | 4,178.5417 | 4,359.2038 | 4,515.8028 | 4,986.9677 | 5,125.6015 | 5,263.6429 | 5,160.8075 | 5,325.5009 | 5,372.898 | 5,278.567 | 5,339.1689 | 5,468.0969 | 5,399.5647 | 5,494.3741 | 5,592.977 | 48,391.7378 | 63,808.1672 |
| Inference GPU hours: Voice AI | UNITS (thousands) AND GPU HOURS | units x hours per unit | 4,018.4606 | 4,143.4439 | 4,096.9174 | 4,116.3973 | 4,193.2639 | 4,319.5507 | 4,721.2663 | 4,723.2127 | 4,777.1512 | 4,736.8369 | 4,929.6903 | 5,049.6361 | 5,571.5226 | 5,732.3819 | 5,952.9302 | 5,812.0539 | 5,984.0964 | 6,053.3635 | 5,919.8955 | 5,984.3028 | 6,094.7723 | 6,041.657 | 6,150.4618 | 6,267.774 | 53,825.8275 | 71,565.2119 |
| Inference GPU hours: Agent workspace | UNITS (thousands) AND GPU HOURS | units x hours per unit | 150.2497 | 154.401 | 147.1862 | 151.2476 | 154.6206 | 160.6826 | 167.5694 | 168.7986 | 170.5027 | 168.363 | 174.0766 | 179.7375 | 198.1769 | 203.3133 | 208.9821 | 204.7468 | 211.3123 | 213.7041 | 209.5248 | 211.2873 | 215.3143 | 212.4827 | 215.8834 | 219.4867 | 1,947.4353 | 2,524.2147 |
| INFERENCE GPU HOURS | UNITS (thousands) AND GPU HOURS | 7,765.6827 | 7,987.0745 | 7,942.4708 | 8,104.3143 | 8,251.68 | 8,530.2958 | 9,053.4536 | 9,055.5958 | 9,182.5444 | 9,083.7417 | 9,462.9707 | 9,745.1764 | 10,756.6673 | 11,061.2967 | 11,425.5552 | 11,177.6081 | 11,520.9096 | 11,639.9656 | 11,407.9872 | 11,534.7591 | 11,778.1835 | 11,653.7044 | 11,860.7193 | 12,080.2377 | 104,165.0006 | 137,897.5937 | |
| Check: GPU scheduler less the calculation (actual months, within 1 hour) | UNITS (thousands) AND GPU HOURS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserved GPU hours (GPUs x hours in the month) | UNITS (thousands) AND GPU HOURS | 11,904 | 10,752 | 11,904 | 11,520 | 11,904 | 11,520 | 11,904 | 11,904 | 11,520 | 11,904 | 11,520 | 11,904 | 14,880 | 13,440 | 14,880 | 14,400 | 14,880 | 14,400 | 14,880 | 14,880 | 14,400 | 14,880 | 14,400 | 14,880 | 140,160 | 175,200 | |
| Usable for inference | UNITS (thousands) AND GPU HOURS | capacity x usable share | 10,118.4 | 9,139.2 | 10,118.4 | 9,792 | 10,118.4 | 9,792 | 10,118.4 | 10,118.4 | 9,792 | 10,118.4 | 9,792 | 10,118.4 | 12,648 | 11,424 | 12,648 | 12,240 | 12,648 | 12,240 | 12,648 | 12,648 | 12,240 | 12,648 | 12,240 | 12,648 | 119,136 | 148,920 |
| On-demand GPU hours | UNITS (thousands) AND GPU HOURS | A: invoice; F: inference above usable capacity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research GPU hours | UNITS (thousands) AND GPU HOURS | A: scheduler; F: demand, limited to spare usable hours | 2,000 | 1,152.1 | 2,000 | 1,687.7 | 1,866.7 | 1,261.7 | 1,065 | 1,062.9 | 609.4556 | 1,034.6583 | 329.0293 | 373.2236 | 1,891.3327 | 362.7033 | 1,222.4448 | 1,062.3919 | 1,127.0904 | 600.0344 | 1,240.0128 | 1,113.2409 | 461.8165 | 994.2956 | 379.2807 | 567.7623 | 14,442.4668 | 11,022.4063 |
| Check: on-demand hours equal inference above usable capacity (forecast months) | UNITS (thousands) AND GPU HOURS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserved capacity used (inference on reserved + research) / reserved hours | UNITS (thousands) AND GPU HOURS | 82.04% | 85% | 83.52% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 84.63% | 85% | |
| Inference share of usable reserved hours | UNITS (thousands) AND GPU HOURS | 76.75% | 87.39% | 78.5% | 82.76% | 81.55% | 87.11% | 89.48% | 89.5% | 93.78% | 89.77% | 96.64% | 96.31% | 85.05% | 96.83% | 90.33% | 91.32% | 91.09% | 95.1% | 90.2% | 91.2% | 96.23% | 92.14% | 96.9% | 95.51% | 87.46% | 92.66% | |
| Vendor B (voice and agent models) | MODEL TOKENS (millions) | A: usage report; F: units x tokens per unit | 45,363.6 | 46,694.3 | 45,331.2 | 47,001.3 | 47,964.9 | 49,628.9 | 54,067.2 | 54,274.2 | 54,858.2557 | 55,962.5013 | 58,053.4462 | 59,700.1533 | 67,884.3239 | 69,745.1181 | 72,063.7288 | 72,658.3941 | 74,897.2994 | 75,754.7924 | 76,471.6484 | 77,210.5707 | 78,658.6718 | 80,207.4343 | 81,572.8616 | 83,033.2789 | 618,899.9565 | 910,158.1224 |
| Vendor C (document models) | MODEL TOKENS (millions) | A: usage report; F: units x tokens per unit | 5,097.8 | 5,228.5 | 5,241.4 | 5,548.4 | 5,645.5 | 5,857 | 6,145.5 | 6,144 | 6,249.2481 | 6,356.8007 | 6,631.6412 | 6,869.8748 | 7,821.2952 | 8,038.7209 | 8,255.2177 | 8,344.2641 | 8,610.5491 | 8,687.1832 | 8,798.6225 | 8,899.6374 | 9,114.542 | 9,278.6687 | 9,441.59 | 9,611.0304 | 71,015.6648 | 104,901.3211 |
| Provider A: reserved GPUs | COSTS IN USD (Provider A and vendor B) | A: invoice; F: GPUs x hours x rate | 23,212.8 | 20,966.4 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 29,016 | 26,208 | 29,016 | 28,080 | 29,016 | 28,080 | 29,016 | 29,016 | 28,080 | 29,016 | 28,080 | 29,016 | 273,312 | 341,640 |
| Provider A: on-demand GPUs | COSTS IN USD (Provider A and vendor B) | A: invoice; F: hours x on-demand rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provider A: hosting, storage and network | COSTS IN USD (Provider A and vendor B) | A: invoice; F: fixed + per unit | 32,001.99 | 31,169.81 | 29,925.08 | 30,371.93 | 30,331.75 | 33,315.01 | 34,707.42 | 34,955.11 | 33,422.4433 | 33,717.5165 | 34,373.6284 | 34,887.4545 | 37,218.0681 | 37,757.8779 | 38,375.9855 | 38,562.3784 | 39,200.9844 | 39,413.8262 | 39,648.8768 | 39,888.7125 | 40,364.4013 | 40,799.0148 | 41,201.1193 | 41,625.564 | 393,179.1426 | 474,056.8092 |
| PROVIDER A SPEND (counts towards the commitment) | COSTS IN USD (Provider A and vendor B) | 55,214.79 | 52,136.21 | 53,137.88 | 52,835.93 | 53,544.55 | 55,779.01 | 57,920.22 | 58,167.91 | 55,886.4433 | 56,930.3165 | 56,837.6284 | 58,100.2545 | 66,234.0681 | 63,965.8779 | 67,391.9855 | 66,642.3784 | 68,216.9844 | 67,493.8262 | 68,664.8768 | 68,904.7125 | 68,444.4013 | 69,815.0148 | 69,281.1193 | 70,641.564 | 666,491.1426 | 815,696.8092 | |
| Model API vendor B | COSTS IN USD (Provider A and vendor B) | A: invoice; F: tokens x price | 90,587.32 | 93,347.54 | 92,058.43 | 91,600.75 | 99,739.14 | 97,887.62 | 106,990.41 | 108,660.49 | 109,716.5115 | 83,943.752 | 87,080.1693 | 89,550.2299 | 101,826.4859 | 104,617.6772 | 108,095.5932 | 108,987.5912 | 112,345.9491 | 113,632.1885 | 114,707.4726 | 115,815.856 | 117,988.0077 | 120,311.1515 | 122,359.2924 | 124,549.9183 | 1,151,162.3626 | 1,365,237.1836 |
| TOTAL USD COMPUTE | COSTS IN USD (Provider A and vendor B) | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 165,602.9548 | 140,874.0684 | 143,917.7977 | 147,650.4844 | 168,060.554 | 168,583.555 | 175,487.5787 | 175,629.9696 | 180,562.9335 | 181,126.0147 | 183,372.3493 | 184,720.5685 | 186,432.4089 | 190,126.1663 | 191,640.4117 | 195,191.4823 | 1,817,653.5052 | 2,180,933.9928 | |
| USD per EUR | COSTS IN EUR | Assumptions timeline | 1.1737 | 1.1823 | 1.1558 | 1.1705 | 1.1673 | 1.1517 | 1.1417 | 1.1593 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1463 | 1.1573 | 1.1463 |
| Reserved GPUs | COSTS IN EUR | USD / rate | 19,777.4559 | 17,733.5702 | 20,083.7515 | 19,191.7984 | 19,885.8905 | 19,505.0794 | 20,331.7859 | 20,023.1174 | 19,596.9641 | 20,250.1963 | 19,596.9641 | 20,250.1963 | 25,312.7454 | 22,863.1248 | 25,312.7454 | 24,496.2052 | 25,312.7454 | 24,496.2052 | 25,312.7454 | 25,312.7454 | 24,496.2052 | 25,312.7454 | 24,496.2052 | 25,312.7454 | 236,226.7701 | 298,037.163 |
| of which research (charged to research and development) | COSTS IN EUR | reserved x research hours / reserved hours | 3,322.8253 | 1,900.1903 | 3,374.2862 | 2,811.6318 | 3,118.3629 | 2,136.2464 | 1,818.998 | 1,787.8504 | 1,036.7604 | 1,760.0835 | 559.7201 | 634.9001 | 3,217.394 | 617.0038 | 2,079.5319 | 1,807.2617 | 1,917.3221 | 1,020.7337 | 2,109.4172 | 1,893.7624 | 785.6077 | 1,691.4215 | 645.204 | 965.8349 | 24,261.8554 | 18,750.4949 |
| of which inference and idle capacity (cost of revenue) | COSTS IN EUR | 16,454.6307 | 15,833.3799 | 16,709.4653 | 16,380.1666 | 16,767.5276 | 17,368.833 | 18,512.7879 | 18,235.267 | 18,560.2037 | 18,490.1128 | 19,037.244 | 19,615.2962 | 22,095.3513 | 22,246.121 | 23,233.2134 | 22,688.9435 | 23,395.4232 | 23,475.4715 | 23,203.3282 | 23,418.983 | 23,710.5975 | 23,621.3239 | 23,851.0012 | 24,346.9105 | 211,964.9148 | 279,286.6682 | |
| On-demand GPUs | COSTS IN EUR | USD / rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hosting, storage and network | COSTS IN EUR | USD / rate | 27,265.9027 | 26,363.7063 | 25,891.2269 | 25,947.8257 | 25,984.537 | 28,926.8125 | 30,399.7723 | 30,151.9106 | 29,156.803 | 29,414.2166 | 29,986.5902 | 30,434.8377 | 32,467.9997 | 32,938.9147 | 33,478.1345 | 33,640.7384 | 34,197.8404 | 34,383.5176 | 34,588.5691 | 34,797.7951 | 35,212.7727 | 35,591.9173 | 35,942.702 | 36,312.9757 | 339,924.1415 | 413,553.877 |
| Model API vendor B | COSTS IN EUR | USD / rate | 77,180.9832 | 78,954.191 | 79,649.1002 | 78,257.7958 | 85,444.3074 | 84,994.0262 | 93,711.4916 | 93,729.397 | 95,713.6103 | 73,230.1771 | 75,966.2996 | 78,121.1113 | 88,830.5731 | 91,265.5301 | 94,299.5666 | 95,077.7207 | 98,007.458 | 99,129.5372 | 100,067.5849 | 101,034.5076 | 102,929.4318 | 104,956.0774 | 106,742.8181 | 108,653.8588 | 994,952.4908 | 1,190,994.6642 |
| Model API vendor C (EUR) | COSTS IN EUR | A: invoice; F: tokens x price | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,998.797 | 10,170.8811 | 10,610.6259 | 10,991.7997 | 12,514.0722 | 12,861.9535 | 13,208.3484 | 13,350.8225 | 13,776.8786 | 13,899.4931 | 14,077.7959 | 14,239.4198 | 14,583.2672 | 14,845.8699 | 15,106.544 | 15,377.6486 | 113,203.5237 | 167,842.1137 |
| COMPUTE IN COST OF REVENUE | COSTS IN EUR | inference, APIs and hosting | 129,074.3866 | 129,580.8472 | 130,283.6924 | 129,420.6681 | 137,200.542 | 140,530.3118 | 152,468.4019 | 151,987.6147 | 153,429.414 | 131,305.3875 | 135,600.7598 | 139,163.0449 | 155,907.9964 | 159,312.5192 | 164,219.2629 | 164,758.2251 | 169,377.6001 | 170,888.0194 | 171,937.2781 | 173,490.7055 | 176,436.0691 | 179,015.1884 | 181,643.0654 | 184,691.3935 | 1,660,045.0708 | 2,051,677.3231 |
| TOTAL COMPUTE (incl. research) | COSTS IN EUR | 132,397.2118 | 131,481.0375 | 133,657.9786 | 132,232.2999 | 140,318.9049 | 142,666.5582 | 154,287.3998 | 153,775.4651 | 154,466.1744 | 133,065.471 | 136,160.4799 | 139,797.945 | 159,125.3904 | 159,929.5231 | 166,298.7948 | 166,565.4868 | 171,294.9222 | 171,908.7531 | 174,046.6953 | 175,384.4678 | 177,221.6768 | 180,706.6099 | 182,288.2694 | 185,657.2284 | 1,684,306.9261 | 2,070,427.8179 | |
| Compute in cost of revenue, % of revenue | COSTS IN EUR | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 23.18% | 23.3% | 23.15% | 23.27% | 24.32% | 25.16% | 21.68% | 25% | 24.85% | 21.25% | 24.79% | 24.42% | 22.96% | 22.49% | 23.2% | 24.44% | 25.09% | 23.63% | |
| Provider A (GPUs and hosting) | PROVIDER CONCENTRATION (share of total compute in EUR) | 35.53% | 33.54% | 34.4% | 34.14% | 32.69% | 33.95% | 32.88% | 32.63% | 31.56% | 37.32% | 36.42% | 36.26% | 36.31% | 34.89% | 35.35% | 34.9% | 34.74% | 34.25% | 34.42% | 34.27% | 33.69% | 33.7% | 33.16% | 33.19% | 34.21% | 34.37% | |
| Model API vendor B | PROVIDER CONCENTRATION (share of total compute in EUR) | 58.3% | 60.05% | 59.59% | 59.18% | 60.89% | 59.58% | 60.74% | 60.95% | 61.96% | 55.03% | 55.79% | 55.88% | 55.82% | 57.07% | 56.7% | 57.08% | 57.22% | 57.66% | 57.49% | 57.61% | 58.08% | 58.08% | 58.56% | 58.52% | 59.07% | 57.52% | |
| Model API vendor C | PROVIDER CONCENTRATION (share of total compute in EUR) | 6.17% | 6.41% | 6.01% | 6.68% | 6.42% | 6.48% | 6.38% | 6.42% | 6.47% | 7.64% | 7.79% | 7.86% | 7.86% | 8.04% | 7.94% | 8.02% | 8.04% | 8.09% | 8.09% | 8.12% | 8.23% | 8.22% | 8.29% | 8.28% | 6.72% | 8.11% | |
| Revenue that runs on vendor B models (Voice AI and Agent workspace), % of revenue | PROVIDER CONCENTRATION (share of total compute in EUR) | 56.05% | 56.95% | 57.65% | 55.96% | 56.25% | 55.44% | 57.42% | 58.61% | 54.16% | 56.7% | 56.57% | 56.46% | 55.98% | 56.36% | 55.45% | 56.42% | 56.35% | 58.83% | 56.36% | 56.8% | 55.15% | 55.7% | 55.37% | 56.2% | 56.49% | 56.25% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commitment for the calendar year (USD) | Assumptions | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 800,000 | 780,000 | 800,000 | |
| Provider A spend (USD) | Usage_Compute | 55,214.79 | 52,136.21 | 53,137.88 | 52,835.93 | 53,544.55 | 55,779.01 | 57,920.22 | 58,167.91 | 55,886.4433 | 56,930.3165 | 56,837.6284 | 58,100.2545 | 66,234.0681 | 63,965.8779 | 67,391.9855 | 66,642.3784 | 68,216.9844 | 67,493.8262 | 68,664.8768 | 68,904.7125 | 68,444.4013 | 69,815.0148 | 69,281.1193 | 70,641.564 | 666,491.1426 | 815,696.8092 | |
| Spend in the year to date (USD) | 55,214.79 | 107,351 | 160,488.88 | 213,324.81 | 266,869.36 | 322,648.37 | 380,568.59 | 438,736.5 | 494,622.9433 | 551,553.2597 | 608,390.8881 | 666,491.1426 | 66,234.0681 | 130,199.9459 | 197,591.9315 | 264,234.3099 | 332,451.2943 | 399,945.1205 | 468,609.9973 | 537,514.7098 | 605,959.1111 | 675,774.1259 | 745,055.2452 | 815,696.8092 | 666,491.1426 | 815,696.8092 | ||
| Spend for the full year: actual plus forecast (USD) | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 666,491.1426 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 815,696.8092 | 666,491.1426 | 815,696.8092 | ||
| Expected shortfall for the year (USD) | commitment less full-year spend | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113,508.8574 | 0 | |
| Utilisation: spend to date / commitment to date | 84.95% | 82.58% | 82.3% | 82.05% | 82.11% | 82.73% | 83.64% | 84.37% | 84.55% | 84.85% | 85.09% | 85.45% | 99.35% | 97.65% | 98.8% | 99.09% | 99.74% | 99.99% | 100.42% | 100.78% | 100.99% | 101.37% | 101.6% | 101.96% | 85.45% | 101.96% | ||
| Provision at month end (USD) | A: CFO estimate; F: expected shortfall, nil after the December invoice | 0 | 0 | 0 | 0 | 0 | 55,000 | 80,000 | 113,500 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Shortfall invoiced in December (USD) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113,508.8574 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113,508.8574 | 0 | ||
| Check: provision equals the expected shortfall before December (forecast months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| PROVISION: ONEROUS CLOUD COMMITMENT (EUR) | USD / rate of the month | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 70,070.9468 | 97,903.9075 | 99,021.9466 | 99,021.9466 | 99,021.9466 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Shortfall invoiced (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,021.9466 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,021.9466 | 0 | ||
| CHARGE: UNUSED COMMITTED CLOUD SPEND (cost of revenue) | provision movement + December invoice | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 22,315.455 | 27,832.9607 | 1,118.0391 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,021.9466 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units (thousands) | DOCUMENT AI (per 1,000 pages) | Revenue | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 24,996.9925 | 25,427.2028 | 26,526.5648 | 27,479.4992 | 31,285.1806 | 32,154.8836 | 33,020.8709 | 33,377.0563 | 34,442.1964 | 34,748.7328 | 35,194.4898 | 35,598.5495 | 36,458.1679 | 37,114.6747 | 37,766.3601 | 38,444.1216 | 284,063.1593 | 419,605.2843 |
| Revenue | DOCUMENT AI (per 1,000 pages) | Revenue | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 303,373.5654 | 243,971.9664 | 254,362.8173 | 260,326.5832 | 282,210.0161 | 276,262.6631 | 337,526.8012 | 287,259.3948 | 297,502.1541 | 331,010.1637 | 302,674.415 | 306,941.6411 | 344,667.0934 | 352,610.9297 | 349,504.1983 | 330,992.3654 | 2,878,561.6568 | 3,799,161.8358 |
| GPU cost | DOCUMENT AI (per 1,000 pages) | inference GPU cost x share of GPU hours | 7,621.5904 | 7,313.438 | 7,780.6691 | 7,754.5466 | 7,932.5664 | 8,246.4736 | 8,515.9424 | 8,384.2165 | 8,559.7659 | 8,505.4937 | 8,769.6801 | 9,089.503 | 10,243.768 | 10,308.4434 | 10,703.317 | 10,475.7 | 10,814.4542 | 10,836.0556 | 10,736.3656 | 10,840.097 | 11,007.7962 | 10,944.5772 | 11,048.7669 | 11,272.2709 | 98,473.8856 | 129,231.6117 |
| Model API cost (vendor C) | DOCUMENT AI (per 1,000 pages) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,998.797 | 10,170.8811 | 10,610.6259 | 10,991.7997 | 12,514.0722 | 12,861.9535 | 13,208.3484 | 13,350.8225 | 13,776.8786 | 13,899.4931 | 14,077.7959 | 14,239.4198 | 14,583.2672 | 14,845.8699 | 15,106.544 | 15,377.6486 | 113,203.5237 | 167,842.1137 | |
| Hosting, storage and network | DOCUMENT AI (per 1,000 pages) | per-unit rate + fixed by revenue | 13,424.2829 | 12,850.8894 | 12,559.8863 | 12,958.8661 | 12,945.4595 | 14,596.4051 | 14,898.4372 | 14,577.1594 | 14,830.7795 | 14,562.2245 | 14,919.1846 | 15,227.1021 | 16,464.8559 | 16,669.7971 | 17,078.318 | 17,034.1908 | 17,369.7516 | 17,074.576 | 17,598.7722 | 17,652.5344 | 18,175.0882 | 18,287.8696 | 18,539.3984 | 18,616.511 | 168,350.6765 | 210,561.6633 |
| COMPUTE COST | DOCUMENT AI (per 1,000 pages) | 29,218.7432 | 28,593.8973 | 28,374.4554 | 29,548.2927 | 29,882.1959 | 32,083.5187 | 33,258.7297 | 32,832.4159 | 33,389.3424 | 33,238.5994 | 34,299.4906 | 35,308.4048 | 39,222.6962 | 39,840.1939 | 40,989.9834 | 40,860.7133 | 41,961.0843 | 41,810.1246 | 42,412.9337 | 42,732.0512 | 43,766.1516 | 44,078.3167 | 44,694.7093 | 45,266.4305 | 380,028.0858 | 507,635.3887 | |
| Realised price per 1,000 units | DOCUMENT AI (per 1,000 pages) | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1364 | 9.5949 | 9.589 | 9.4735 | 9.0206 | 8.5916 | 10.2216 | 8.6065 | 8.6377 | 9.5258 | 8.6001 | 8.6223 | 9.4538 | 9.5006 | 9.2544 | 8.6097 | 10.1335 | 9.0541 | |
| Compute cost per 1,000 units | DOCUMENT AI (per 1,000 pages) | 1.4329 | 1.3672 | 1.3534 | 1.3314 | 1.3233 | 1.3694 | 1.353 | 1.3359 | 1.3357 | 1.3072 | 1.293 | 1.2849 | 1.2537 | 1.239 | 1.2413 | 1.2242 | 1.2183 | 1.2032 | 1.2051 | 1.2004 | 1.2004 | 1.1876 | 1.1835 | 1.1775 | 1.3378 | 1.2098 | |
| of which GPU | DOCUMENT AI (per 1,000 pages) | 0.3738 | 0.3497 | 0.3711 | 0.3494 | 0.3513 | 0.352 | 0.3464 | 0.3412 | 0.3424 | 0.3345 | 0.3306 | 0.3308 | 0.3274 | 0.3206 | 0.3241 | 0.3139 | 0.314 | 0.3118 | 0.3051 | 0.3045 | 0.3019 | 0.2949 | 0.2926 | 0.2932 | 0.3467 | 0.308 | |
| of which model API | DOCUMENT AI (per 1,000 pages) | 0.4008 | 0.4031 | 0.3832 | 0.3981 | 0.3987 | 0.3944 | 0.4005 | 0.4017 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3985 | 0.4 | |
| Compute cost % of revenue | DOCUMENT AI (per 1,000 pages) | 13.39% | 13.99% | 13.06% | 13.72% | 13.05% | 12.67% | 13.78% | 13.82% | 11.01% | 13.62% | 13.48% | 13.56% | 13.9% | 14.42% | 12.14% | 14.22% | 14.1% | 12.63% | 14.01% | 13.92% | 12.7% | 12.5% | 12.79% | 13.68% | 13.2% | 13.36% | |
| Contribution after compute per 1,000 units | DOCUMENT AI (per 1,000 pages) | 9.2673 | 8.4069 | 9.0117 | 8.3711 | 8.8196 | 9.4393 | 8.4664 | 8.3328 | 10.8007 | 8.2877 | 8.296 | 8.1886 | 7.7669 | 7.3526 | 8.9803 | 7.3823 | 7.4194 | 8.3226 | 7.3949 | 7.4219 | 8.2533 | 8.313 | 8.0709 | 7.4322 | 8.7957 | 7.8443 | |
| Units (thousands) | VOICE AI (per 1,000 audio minutes) | Revenue | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 23,070.8922 | 23,583.7084 | 24,543.8849 | 25,141.0697 | 28,597.3526 | 29,423.0063 | 30,555.0305 | 30,754.5821 | 31,664.9478 | 32,031.4762 | 32,294.0494 | 32,645.4023 | 33,248.0324 | 33,977.6073 | 34,589.5137 | 35,249.2642 | 258,582.5553 | 385,030.2649 |
| Revenue | VOICE AI (per 1,000 audio minutes) | Revenue | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 178,375.0124 | 165,712.8607 | 172,420.5442 | 175,042.7713 | 187,878.0983 | 185,589.9505 | 215,006.9767 | 194,039.8819 | 200,489.8027 | 258,800.8353 | 203,754.9433 | 211,829.5042 | 217,692.6229 | 234,463.5283 | 222,605.9245 | 222,576.7258 | 1,930,242.8193 | 2,554,728.7943 |
| GPU cost | VOICE AI (per 1,000 audio minutes) | inference GPU cost x share of GPU hours | 8,514.6777 | 8,213.8612 | 8,619.1441 | 8,319.9234 | 8,520.7702 | 8,795.188 | 9,654.1944 | 9,511.1405 | 9,655.8096 | 9,641.9131 | 9,917.3633 | 10,164.0139 | 11,444.5066 | 11,528.7804 | 12,104.9433 | 11,797.6369 | 12,151.8589 | 12,208.4178 | 12,040.7988 | 12,149.9101 | 12,269.3531 | 12,246.0577 | 12,368.1092 | 12,632.2789 | 109,527.9994 | 144,942.6517 |
| Model API cost (vendor B) | VOICE AI (per 1,000 audio minutes) | vendor B x share of tokens | 38,053.5343 | 38,994.3882 | 40,065.5986 | 38,926.0001 | 42,424.6964 | 42,014.4732 | 47,423.8187 | 47,271.295 | 48,303.3597 | 37,032.7795 | 38,540.5155 | 39,478.2566 | 44,905.5524 | 46,202.0513 | 47,979.6345 | 48,292.9842 | 49,722.5037 | 50,298.0521 | 50,710.3629 | 51,262.0816 | 52,208.3733 | 53,354.0026 | 54,314.8606 | 55,350.8467 | 498,528.7158 | 604,601.3058 |
| Hosting, storage and network | VOICE AI (per 1,000 audio minutes) | per-unit rate + fixed by revenue | 8,813.3751 | 8,550.636 | 8,664.7308 | 8,274.982 | 8,229.2581 | 9,309.1626 | 10,105.4337 | 10,234.5813 | 9,264.0793 | 9,761.2023 | 9,975.6857 | 10,080.1214 | 10,838.8307 | 11,020.003 | 11,120.3713 | 11,329.8273 | 11,524.5546 | 12,040.307 | 11,656.3085 | 11,801.036 | 11,699.7349 | 12,035.3294 | 12,007.3802 | 12,312.9897 | 111,263.2482 | 139,386.6724 |
| COMPUTE COST | VOICE AI (per 1,000 audio minutes) | 55,381.5871 | 55,758.8854 | 57,349.4734 | 55,520.9056 | 59,174.7247 | 60,118.8238 | 67,183.4469 | 67,017.0168 | 67,223.2486 | 56,435.8949 | 58,433.5645 | 59,722.3918 | 67,188.8897 | 68,750.8348 | 71,204.9491 | 71,420.4483 | 73,398.9171 | 74,546.7769 | 74,407.4701 | 75,213.0277 | 76,177.4614 | 77,635.3897 | 78,690.35 | 80,296.1152 | 719,319.9634 | 888,930.6299 | |
| Realised price per 1,000 units | VOICE AI (per 1,000 audio minutes) | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7316 | 7.0266 | 7.025 | 6.9624 | 6.5698 | 6.3076 | 7.0367 | 6.3093 | 6.3316 | 8.0796 | 6.3094 | 6.4888 | 6.5475 | 6.9005 | 6.4356 | 6.3144 | 7.4647 | 6.6351 | |
| Compute cost per 1,000 units | VOICE AI (per 1,000 audio minutes) | 2.9714 | 2.9014 | 3.018 | 2.8498 | 2.9817 | 2.9407 | 2.9465 | 2.938 | 2.9138 | 2.393 | 2.3808 | 2.3755 | 2.3495 | 2.3366 | 2.3304 | 2.3223 | 2.318 | 2.3273 | 2.3041 | 2.3039 | 2.2912 | 2.2849 | 2.275 | 2.278 | 2.7818 | 2.3087 | |
| of which GPU | VOICE AI (per 1,000 audio minutes) | 0.4568 | 0.4274 | 0.4536 | 0.427 | 0.4293 | 0.4302 | 0.4234 | 0.417 | 0.4185 | 0.4088 | 0.4041 | 0.4043 | 0.4002 | 0.3918 | 0.3962 | 0.3836 | 0.3838 | 0.3811 | 0.3728 | 0.3722 | 0.369 | 0.3604 | 0.3576 | 0.3584 | 0.4236 | 0.3764 | |
| of which model API | VOICE AI (per 1,000 audio minutes) | 2.0417 | 2.029 | 2.1084 | 1.998 | 2.1377 | 2.0551 | 2.0799 | 2.0724 | 2.0937 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.5703 | 1.9279 | 1.5703 | |
| Compute cost % of revenue | VOICE AI (per 1,000 audio minutes) | 38.47% | 40.48% | 36.11% | 39.68% | 40.14% | 36.38% | 39.99% | 37.74% | 37.69% | 34.06% | 33.89% | 34.12% | 35.76% | 37.04% | 33.12% | 36.81% | 36.61% | 28.8% | 36.52% | 35.51% | 34.99% | 33.11% | 35.35% | 36.08% | 37.27% | 34.8% | |
| Contribution after compute per 1,000 units | VOICE AI (per 1,000 audio minutes) | 4.7524 | 4.2664 | 5.3391 | 4.3329 | 4.4468 | 5.1423 | 4.4214 | 4.8465 | 4.8178 | 4.6336 | 4.6442 | 4.5869 | 4.2203 | 3.971 | 4.7063 | 3.987 | 4.0136 | 5.7523 | 4.0053 | 4.1849 | 4.2563 | 4.6156 | 4.1607 | 4.0364 | 4.6829 | 4.3264 | |
| Units (thousands) | AGENT WORKSPACE (per 1,000 agent actions) | Revenue | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 9,057.7284 | 9,220.6837 | 9,533.5947 | 9,843.6232 | 11,189.1669 | 11,479.1702 | 11,799.2307 | 11,917.6319 | 12,299.7874 | 12,439.007 | 12,572.9297 | 12,678.696 | 12,920.3443 | 13,144.7685 | 13,355.1484 | 13,578.054 | 102,867.0301 | 149,373.9348 |
| Revenue | AGENT WORKSPACE (per 1,000 agent actions) | Revenue | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 180,031.0338 | 153,821.7735 | 158,888.9717 | 162,547.8359 | 170,986.5615 | 171,262.7272 | 205,048.1802 | 177,861.3665 | 183,642.1761 | 214,204.7699 | 187,123.9494 | 191,777.7442 | 206,057.891 | 208,962.0069 | 210,996.4002 | 202,057.5976 | 1,806,423.6687 | 2,329,981.3708 |
| GPU cost | AGENT WORKSPACE (per 1,000 agent actions) | inference GPU cost x share of GPU hours | 318.3626 | 306.0807 | 309.6521 | 305.6966 | 314.1911 | 327.1715 | 342.6511 | 339.9099 | 344.6283 | 342.7059 | 350.2006 | 361.7794 | 407.0768 | 408.8972 | 424.9531 | 415.6066 | 429.1102 | 430.9982 | 426.1638 | 428.9759 | 433.4481 | 430.689 | 434.1251 | 442.3607 | 3,963.0298 | 5,112.4048 |
| Model API cost (vendor B) | AGENT WORKSPACE (per 1,000 agent actions) | vendor B x share of tokens | 39,127.449 | 39,959.8028 | 39,583.5016 | 39,331.7957 | 43,019.611 | 42,979.5531 | 46,287.6729 | 46,458.1021 | 47,410.2506 | 36,197.3976 | 37,425.7841 | 38,642.8548 | 43,925.0207 | 45,063.4788 | 46,319.9322 | 46,784.7365 | 48,284.9543 | 48,831.4851 | 49,357.222 | 49,772.426 | 50,721.0584 | 51,602.0747 | 52,427.9576 | 53,303.0121 | 496,423.775 | 586,393.3584 |
| Hosting, storage and network | AGENT WORKSPACE (per 1,000 agent actions) | per-unit rate + fixed by revenue | 5,028.2447 | 4,962.181 | 4,666.6098 | 4,713.9776 | 4,809.8193 | 5,021.2448 | 5,395.9013 | 5,340.17 | 5,061.9442 | 5,090.7898 | 5,091.72 | 5,127.6142 | 5,164.3131 | 5,249.1145 | 5,279.4451 | 5,276.7204 | 5,303.5342 | 5,268.6346 | 5,333.4884 | 5,344.2247 | 5,337.9496 | 5,268.7184 | 5,395.9234 | 5,383.475 | 60,310.2168 | 63,605.5413 |
| COMPUTE COST | AGENT WORKSPACE (per 1,000 agent actions) | 44,474.0562 | 45,228.0644 | 44,559.7635 | 44,351.4699 | 48,143.6214 | 48,327.9693 | 52,026.2253 | 52,138.182 | 52,816.8231 | 41,630.8933 | 42,867.7047 | 44,132.2483 | 49,496.4105 | 50,721.4905 | 52,024.3304 | 52,477.0635 | 54,017.5987 | 54,531.1179 | 55,116.8742 | 55,545.6266 | 56,492.4561 | 57,301.4821 | 58,258.0061 | 59,128.8478 | 560,697.0215 | 655,111.3045 | |
| Realised price per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.876 | 16.6823 | 16.6662 | 16.513 | 15.2814 | 14.9194 | 17.3781 | 14.9242 | 14.9305 | 17.2204 | 14.8831 | 15.126 | 15.9483 | 15.897 | 15.7989 | 14.8812 | 17.5608 | 15.5983 | |
| Compute cost per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 5.8016 | 5.7414 | 5.9338 | 5.6325 | 5.9807 | 5.7771 | 5.8444 | 5.8143 | 5.8311 | 4.5149 | 4.4965 | 4.4833 | 4.4236 | 4.4186 | 4.4091 | 4.4033 | 4.3918 | 4.3839 | 4.3838 | 4.381 | 4.3724 | 4.3593 | 4.3622 | 4.3547 | 5.4507 | 4.3857 | |
| of which GPU | AGENT WORKSPACE (per 1,000 agent actions) | 0.0415 | 0.0389 | 0.0412 | 0.0388 | 0.039 | 0.0391 | 0.0385 | 0.0379 | 0.038 | 0.0372 | 0.0367 | 0.0368 | 0.0364 | 0.0356 | 0.036 | 0.0349 | 0.0349 | 0.0346 | 0.0339 | 0.0338 | 0.0335 | 0.0328 | 0.0325 | 0.0326 | 0.0385 | 0.0342 | |
| of which model API | AGENT WORKSPACE (per 1,000 agent actions) | 5.1042 | 5.0726 | 5.2711 | 4.995 | 5.3442 | 5.1378 | 5.1998 | 5.1809 | 5.2342 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 3.9257 | 4.8259 | 3.9257 | |
| Compute cost % of revenue | AGENT WORKSPACE (per 1,000 agent actions) | 33.11% | 34.08% | 32.51% | 33.17% | 32.73% | 32.27% | 33.03% | 32.8% | 29.34% | 27.06% | 26.98% | 27.15% | 28.95% | 29.62% | 25.37% | 29.5% | 29.41% | 25.46% | 29.45% | 28.96% | 27.42% | 27.42% | 27.61% | 29.26% | 31.04% | 28.12% | |
| Contribution after compute per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 11.7193 | 11.1063 | 12.3182 | 11.3469 | 12.2936 | 12.1241 | 11.8516 | 11.9122 | 14.0448 | 12.1673 | 12.1697 | 12.0297 | 10.8578 | 10.5009 | 12.969 | 10.5209 | 10.5388 | 12.8365 | 10.4993 | 10.745 | 11.576 | 11.5377 | 11.4367 | 10.5265 | 12.1101 | 11.2126 | |
| Check: product compute costs less compute in cost of revenue (must be zero) | CHECK | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Machine learning research scientists | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7.9333 | 7.8672 | 7.8683 | 7.8689 | 8.8689 | 8.8605 | 8.8523 | 8.8524 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 7.8689 | 8.8525 |
| Machine learning engineers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 11 | 10.9083 | 11.8174 | 11.8106 | 11.8031 | 11.8032 | 11.8033 | 12.8033 | 12.7949 | 12.7867 | 12.7868 | 12.7869 | 12.7869 | 13.7869 | 13.7786 | 13.7703 | 13.7704 | 11.8031 | 13.7704 |
| Software engineers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 13 | 13 | 14 | 14 | 13 | 14 | 14 | 14 | 13.8833 | 13.7676 | 13.7696 | 13.7705 | 15.7705 | 15.7538 | 15.7373 | 15.7376 | 15.7377 | 16.7377 | 16.7294 | 16.7211 | 16.7212 | 16.7213 | 16.7213 | 16.7213 | 13.7705 | 16.7213 |
| CTO and engineering leads | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2.975 | 2.9502 | 2.9506 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 |
| Product managers and designers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.95 | 5.9004 | 5.9012 | 5.9017 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9017 | 5.9016 |
| Solutions engineers and support | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 6.9125 | 7.8261 | 7.8158 | 7.8045 | 7.8047 | 7.8049 | 7.8049 | 8.8049 | 8.7924 | 8.78 | 8.7803 | 8.7805 | 8.7805 | 8.7805 | 8.7805 | 8.7805 | 7.8045 | 8.7805 |
| Customer success managers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4.9375 | 4.8758 | 4.8773 | 4.8781 | 5.8781 | 5.8655 | 5.8532 | 5.8535 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 4.8781 | 5.8537 |
| Head of sales | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.9833 | 0.9669 | 0.9675 | 0.9678 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9678 | 0.9677 |
| Account executives (base salary) | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.9 | 5.8017 | 6.805 | 6.7899 | 7.7734 | 7.7573 | 7.7412 | 7.7417 | 7.742 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 6.7899 | 7.7419 |
| Sales development representatives | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 2.95 | 2.9008 | 2.9025 | 2.9033 | 2.9032 | 2.9032 | 2.9032 | 3.9032 | 3.8866 | 3.8702 | 3.8707 | 3.871 | 3.871 | 3.871 | 3.871 | 3.871 | 2.9033 | 3.871 |
| Marketing | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 4.9167 | 4.8347 | 4.8375 | 4.8388 | 4.8387 | 5.8387 | 5.822 | 5.8057 | 5.8062 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 4.8388 | 5.8065 |
| Founders and executives (CEO, COO) | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1.9867 | 1.9734 | 1.9736 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 |
| Finance, people and office | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 5.96 | 5.9203 | 5.9208 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 6.9211 | 6.9144 | 6.9078 | 6.9079 | 6.9079 | 6.9079 | 5.9211 | 6.9079 |
| TOTAL HEADCOUNT | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | 71 | 73 | 76 | 78 | 78 | 79 | 78 | 77 | 76.1967 | 77.4026 | 78.4003 | 78.372 | 83.3557 | 84.3022 | 85.2323 | 87.2088 | 87.1726 | 88.1442 | 89.1368 | 89.1222 | 90.1157 | 90.1076 | 90.0993 | 90.0995 | 78.372 | 90.0995 | |
| Machine learning research scientists | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0667 | 0.0661 | 0.0656 | 0.0656 | 0.0656 | 0.0739 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.2639 | 0.8773 |
| Machine learning engineers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0917 | 0.0909 | 0.0985 | 0.0984 | 0.0984 | 0.0984 | 0.0984 | 0.1067 | 0.1066 | 0.1066 | 0.1066 | 0.1066 | 0.1066 | 0.1149 | 0.1148 | 0.1148 | 0.3795 | 1.2791 |
| Software engineers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1167 | 0.1157 | 0.1147 | 0.1147 | 0.1148 | 0.1314 | 0.1313 | 0.1311 | 0.1311 | 0.1311 | 0.1395 | 0.1394 | 0.1393 | 0.1393 | 0.1393 | 0.1393 | 0.4618 | 1.6072 |
| CTO and engineering leads | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.025 | 0.0248 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.099 | 0.2951 |
| Product managers and designers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.0496 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.1979 | 0.5902 |
| Solutions engineers and support | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0875 | 0.0864 | 0.0978 | 0.0977 | 0.0976 | 0.0976 | 0.0976 | 0.0976 | 0.1101 | 0.1099 | 0.1098 | 0.1098 | 0.1098 | 0.1098 | 0.1098 | 0.1098 | 0.3694 | 1.2687 |
| Customer success managers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0625 | 0.0617 | 0.0609 | 0.061 | 0.061 | 0.0735 | 0.0733 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.2461 | 0.8663 |
| Head of sales | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0167 | 0.0164 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0653 | 0.1935 |
| Account executives (base salary) | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.0983 | 0.0967 | 0.1134 | 0.1132 | 0.1296 | 0.1293 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.4084 | 1.5333 |
| Sales development representatives | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.0492 | 0.0483 | 0.0484 | 0.0484 | 0.0484 | 0.0484 | 0.0484 | 0.0651 | 0.0648 | 0.0645 | 0.0645 | 0.0645 | 0.0645 | 0.0645 | 0.0645 | 0.1959 | 0.7105 |
| Marketing | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0833 | 0.0819 | 0.0806 | 0.0806 | 0.0806 | 0.0806 | 0.0973 | 0.097 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.3265 | 1.1298 |
| Founders and executives (CEO, COO) | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0133 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0529 | 0.1579 |
| Finance, people and office | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.0397 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0461 | 0.0461 | 0.0461 | 0.0461 | 0.0461 | 0.1587 | 0.5067 |
| Hires in the month (planned and replacements; A: see headcount) | LEAVERS AND HIRES (forecast; fractional FTE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1.8033 | 0.794 | 5.8057 | 1.8223 | 1.822 | 2.8758 | 0.8919 | 1.8993 | 1.9281 | 0.9277 | 1.9356 | 0.9422 | 0.9421 | 0.9504 | 4.5974 | 22.743 | |
| Planned hires in the month (hiring plan x scenario factor) | LEAVERS AND HIRES (forecast; fractional FTE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 5 | 1 | 1 | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 3 | 12 | |
| Hires in the month (actual, from the payroll) | LEAVERS AND HIRES (forecast; fractional FTE) | 1 | 2 | 3 | 2 | 1 | 1 | 0 | 0 | 0 | 2 | 1.8033 | 0.794 | 5.8057 | 1.8223 | 1.822 | 2.8758 | 0.8919 | 1.8993 | 1.9281 | 0.9277 | 1.9356 | 0.9422 | 0.9421 | 0.9504 | 14.5974 | 22.743 | |
| RES: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 57,166.6667 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 64,788.8889 | 64,248.9815 | 64,258.0177 | 64,262.4417 | 74,601.8661 | 74,531.7318 | 74,462.22 | 74,463.3837 | 74,463.9533 | 74,463.9389 | 74,463.9342 | 74,463.9344 | 74,463.9344 | 74,463.9344 | 74,463.9344 | 74,463.9344 | 772,058.3298 | 893,770.7001 |
| MLE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 71,500 | 71,500 | 71,500 | 78,000 | 78,000 | 78,000 | 78,000 | 71,500 | 70,904.1667 | 76,813.2986 | 76,769.0211 | 76,720.1473 | 79,022.5513 | 79,022.9641 | 85,717.954 | 85,662.159 | 85,606.8324 | 85,607.7584 | 85,608.2117 | 85,608.2002 | 92,303.1966 | 92,247.405 | 92,192.0783 | 92,193.0043 | 899,206.6337 | 1,040,792.3155 |
| ENG: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 75,833.3333 | 75,833.3333 | 81,666.6667 | 81,666.6667 | 75,833.3333 | 81,666.6667 | 81,666.6667 | 81,666.6667 | 80,986.1111 | 80,311.2269 | 80,322.5222 | 80,328.0521 | 94,754.4159 | 94,654.2308 | 94,554.9279 | 94,556.5903 | 94,557.404 | 100,565.7167 | 100,515.6407 | 100,465.9887 | 100,466.8198 | 100,467.2266 | 100,467.2163 | 100,467.213 | 957,781.2456 | 1,176,493.3906 |
| LEAD: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 30,989.5833 | 30,731.3368 | 30,735.659 | 30,737.775 | 31,659.853 | 31,659.8353 | 31,659.8359 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 31,659.8361 | 373,194.3542 | 379,918.0489 |
| PRD: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 35,700 | 35,402.5 | 35,407.4792 | 35,409.9168 | 36,472.1507 | 36,472.1303 | 36,472.131 | 36,472.1312 | 36,472.1311 | 36,472.1311 | 36,472.1311 | 36,472.1311 | 36,472.1311 | 36,472.1311 | 36,472.1311 | 36,472.1311 | 429,919.896 | 437,665.5923 |
| SOL: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 26,000 | 26,000 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 29,954.1667 | 33,913.0729 | 33,868.3262 | 33,819.3992 | 34,835.1872 | 34,835.8021 | 34,835.7793 | 39,299.1052 | 39,243.3139 | 39,188.2198 | 39,189.6058 | 39,190.2772 | 39,190.2515 | 39,190.2434 | 39,190.2438 | 39,190.2439 | 365,554.9649 | 457,378.2731 |
| CSM: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 18,666.6667 | 18,666.6667 | 18,666.6667 | 18,666.6667 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,041.6667 | 22,753.6458 | 22,760.8919 | 22,764.4016 | 28,253.8618 | 28,193.7351 | 28,134.405 | 28,135.8982 | 28,136.6212 | 28,136.5935 | 28,136.5848 | 28,136.5853 | 28,136.5854 | 28,136.5854 | 28,136.5854 | 28,136.5854 | 259,320.606 | 337,810.6265 |
| SALH: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,652.7778 | 10,475.2315 | 10,481.1998 | 10,484.0595 | 10,798.4297 | 10,798.3832 | 10,798.3865 | 10,798.3872 | 10,798.3871 | 10,798.3871 | 10,798.3871 | 10,798.3871 | 10,798.3871 | 10,798.3871 | 10,798.3871 | 10,798.3871 | 128,759.9352 | 129,580.6833 |
| AE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 31,666.6667 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 37,366.6667 | 36,743.8889 | 43,098.1574 | 43,002.6326 | 50,708.6031 | 50,603.3114 | 50,498.1348 | 50,501.6426 | 50,503.337 | 50,503.2503 | 50,503.2235 | 50,503.2254 | 50,503.2259 | 50,503.2258 | 50,503.2258 | 50,503.2258 | 457,878.0122 | 606,337.6315 |
| SDR: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 10,000 | 10,000 | 9,833.3333 | 9,669.4444 | 9,674.9537 | 9,677.5934 | 9,967.7813 | 9,967.7383 | 9,967.7413 | 13,401.0753 | 13,343.8531 | 13,287.5845 | 13,289.476 | 13,290.3823 | 13,290.3357 | 13,290.3214 | 13,290.3224 | 13,290.3226 | 138,855.3248 | 149,676.9342 |
| MKT: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 19,333.3333 | 19,333.3333 | 19,333.3333 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 23,763.8889 | 23,367.8241 | 23,381.1381 | 23,387.5173 | 24,088.8047 | 29,067.0342 | 28,984.0694 | 28,902.4816 | 28,905.2242 | 28,906.5382 | 28,906.4706 | 28,906.4499 | 28,906.4513 | 28,906.4516 | 28,906.4516 | 28,906.4516 | 272,733.7017 | 342,292.879 |
| EXE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,177.7778 | 23,023.2593 | 23,025.3264 | 23,026.3428 | 23,717.1119 | 23,717.105 | 23,717.1052 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 23,717.1053 | 278,919.3729 | 284,605.2695 |
| GA: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 20,833.3333 | 20,833.3333 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 24,833.3333 | 24,667.7778 | 24,669.9926 | 24,671.0815 | 25,411.1913 | 25,411.184 | 25,411.1842 | 25,411.1842 | 25,411.1842 | 25,411.1842 | 29,702.8509 | 29,674.2398 | 29,645.8194 | 29,646.1996 | 29,646.3865 | 29,646.3828 | 290,508.8519 | 330,428.991 |
| RES: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MLE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ENG: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| LEAD: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PRD: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SOL: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0309 | 0.0309 | 0.0309 | 0.0309 | 0.0309 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0321 | 0.0323 | 0.0321 |
| CSM: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0252 | 0.0252 | 0.0252 | 0.0252 | 0.0252 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.026 | 0.0261 | 0.026 |
| SALH: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0721 | 0.0721 | 0.0721 | 0.0721 | 0.0721 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.075 | 0.0755 | 0.075 |
| MKT: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0233 | 0.0233 | 0.0233 | 0.0233 | 0.0233 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.0239 | 0.024 | 0.0239 |
| EXE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0348 | 0.0348 | 0.0348 | 0.0348 | 0.0348 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0362 | 0.0364 | 0.0362 |
| RES: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MLE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ENG: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| LEAD: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PRD: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SOL: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 803.5688 | 803.5688 | 937.497 | 937.497 | 937.497 | 1,007.6727 | 1,007.6727 | 1,007.6727 | 995.0767 | 1,126.5915 | 1,125.105 | 1,123.4797 | 1,116.5513 | 1,116.571 | 1,116.5703 | 1,259.6306 | 1,257.8424 | 1,256.0765 | 1,256.1209 | 1,256.1424 | 1,256.1416 | 1,256.1413 | 1,256.1414 | 1,256.1414 | 11,812.8995 | 14,660.0712 |
| CSM: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 470.6945 | 470.6945 | 470.6945 | 470.6945 | 588.3681 | 625.5274 | 625.5274 | 625.5274 | 617.7083 | 609.9869 | 610.1812 | 610.2753 | 734.5521 | 732.9889 | 731.4464 | 731.4852 | 731.504 | 731.5033 | 731.5031 | 731.5031 | 731.5031 | 731.5031 | 731.5031 | 731.5031 | 6,795.8798 | 8,782.4987 |
| SALH: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 961.6767 | 961.6767 | 961.6767 | 961.6767 | 961.6767 | 1,038.5634 | 778.9226 | 778.9226 | 765.9405 | 753.1748 | 753.604 | 753.8096 | 747.6729 | 747.6697 | 747.6699 | 1,005.2008 | 1,000.9086 | 996.6879 | 996.8298 | 996.8978 | 996.8943 | 996.8932 | 996.8933 | 996.8933 | 10,431.321 | 11,227.1115 |
| MKT: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 449.7636 | 449.7636 | 449.7636 | 562.2046 | 562.2046 | 593.0496 | 593.0496 | 593.0496 | 583.1655 | 573.446 | 573.7728 | 573.9293 | 575.3963 | 694.3086 | 692.3269 | 690.3781 | 690.4436 | 690.475 | 690.4733 | 690.4728 | 690.4729 | 690.4729 | 690.4729 | 690.4729 | 6,557.1625 | 8,176.1662 |
| EXE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 725.9235 | 725.9235 | 871.1082 | 871.1082 | 871.1082 | 939.3936 | 939.3936 | 939.3936 | 933.1309 | 926.9101 | 926.9933 | 927.0342 | 919.9021 | 919.9018 | 919.9018 | 919.9018 | 919.9018 | 919.9018 | 1,075.263 | 1,074.2273 | 1,073.1984 | 1,073.2122 | 1,073.219 | 1,073.2188 | 10,597.4206 | 11,961.7498 |
| RES: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 20,179.2558 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 22,869.8233 | 22,679.2414 | 22,682.4311 | 22,683.9927 | 26,303.2599 | 26,278.5318 | 26,254.0232 | 26,254.4335 | 26,254.6343 | 26,254.6292 | 26,254.6276 | 26,254.6277 | 26,254.6277 | 26,254.6277 | 26,254.6277 | 26,254.6277 | 272,528.7911 | 315,127.2779 | |
| MLE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 26,007.4925 | 26,007.4925 | 26,007.4925 | 28,371.81 | 28,371.81 | 28,371.81 | 28,371.81 | 26,007.4925 | 25,790.7634 | 27,940.1579 | 27,924.0523 | 27,906.2749 | 28,703.2356 | 28,703.3856 | 31,135.1961 | 31,114.9298 | 31,094.8336 | 31,095.1699 | 31,095.3346 | 31,095.3304 | 33,527.1433 | 33,506.8782 | 33,486.782 | 33,487.1183 | 327,078.4585 | 378,045.3371 | |
| ENG: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 28,040.2742 | 28,040.2742 | 30,197.2183 | 30,197.2183 | 28,040.2742 | 30,197.2183 | 30,197.2183 | 30,197.2183 | 29,945.5748 | 29,696.0284 | 29,700.205 | 29,702.2497 | 34,982.4314 | 34,945.444 | 34,908.7824 | 34,909.3961 | 34,909.6965 | 37,127.9086 | 37,109.421 | 37,091.0899 | 37,091.3967 | 37,091.5469 | 37,091.5431 | 37,091.5419 | 354,150.9721 | 434,350.1986 | |
| LEAD: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,658.3416 | 10,569.5221 | 10,571.0086 | 10,571.7364 | 10,878.7398 | 10,878.7338 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 10,878.734 | 128,353.8687 | 130,544.8137 | |
| PRD: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,142.2856 | 13,032.7666 | 13,034.5996 | 13,035.4969 | 13,406.2791 | 13,406.2716 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 13,406.2719 | 158,266.9487 | 160,875.27 | |
| SOL: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 9,338.5562 | 9,338.5562 | 10,894.9822 | 10,894.9822 | 10,894.9822 | 10,824.8065 | 10,824.8065 | 10,824.8065 | 10,689.4964 | 12,102.2787 | 12,086.3103 | 12,068.8501 | 12,445.2264 | 12,445.4461 | 12,445.438 | 14,040.0068 | 14,020.0747 | 14,000.3918 | 14,000.887 | 14,001.1268 | 14,001.1176 | 14,001.1148 | 14,001.1149 | 14,001.1149 | 130,783.4139 | 163,403.0598 | |
| CSM: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 6,705.4689 | 6,705.4689 | 6,705.4689 | 6,705.4689 | 8,381.8361 | 8,344.6768 | 8,344.6768 | 8,344.6768 | 8,240.3683 | 8,137.3637 | 8,139.9551 | 8,141.2103 | 10,107.1085 | 10,085.5997 | 10,064.3759 | 10,064.91 | 10,065.1686 | 10,065.1587 | 10,065.1556 | 10,065.1558 | 10,065.1558 | 10,065.1558 | 10,065.1558 | 10,065.1558 | 92,896.6394 | 120,843.2561 | |
| SALH: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,650.3734 | 3,589.5339 | 3,591.579 | 3,592.559 | 3,696.9617 | 3,696.9457 | 3,696.9469 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 3,696.9471 | 44,121.9986 | 44,363.3782 | |
| AE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 11,562.3708 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,643.5976 | 13,416.2043 | 15,736.3225 | 15,701.4437 | 18,488.4207 | 18,450.0312 | 18,411.6837 | 18,412.9626 | 18,413.5804 | 18,413.5488 | 18,413.539 | 18,413.5397 | 18,413.5399 | 18,413.5399 | 18,413.5399 | 18,413.5399 | 167,183.8539 | 221,071.4657 | |
| SDR: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,325.79 | 4,325.79 | 4,325.79 | 4,325.79 | 4,325.79 | 4,248.9032 | 3,186.6774 | 3,186.6774 | 3,133.5661 | 3,081.34 | 3,083.0957 | 3,083.9368 | 3,205.1504 | 3,205.1366 | 3,205.1376 | 4,309.1297 | 4,290.7298 | 4,272.6366 | 4,273.2448 | 4,273.5362 | 4,273.5212 | 4,273.5166 | 4,273.517 | 4,273.517 | 44,633.1466 | 48,128.7735 | |
| MKT: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 6,933.773 | 6,933.773 | 6,933.773 | 8,667.2163 | 8,667.2163 | 8,636.3712 | 8,636.3712 | 8,636.3712 | 8,492.4317 | 8,350.8912 | 8,355.6492 | 8,357.9289 | 8,607.678 | 10,386.5539 | 10,356.908 | 10,327.7542 | 10,328.7342 | 10,329.2037 | 10,329.1796 | 10,329.1722 | 10,329.1727 | 10,329.1728 | 10,329.1728 | 10,329.1728 | 97,601.7662 | 122,311.8748 | |
| EXE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,889.9689 | 7,837.3691 | 7,838.0727 | 7,838.4187 | 8,066.7888 | 8,066.7864 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 8,066.7865 | 94,947.2027 | 96,801.4403 | |
| GA: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,466.6307 | 7,466.6307 | 8,959.9568 | 8,959.9568 | 8,959.9568 | 8,891.6714 | 8,891.6714 | 8,891.6714 | 8,832.3936 | 8,773.511 | 8,774.2988 | 8,774.6861 | 9,052.5349 | 9,052.5323 | 9,052.5324 | 9,052.5324 | 9,052.5324 | 9,052.5324 | 10,581.4045 | 10,571.2121 | 10,561.0875 | 10,561.223 | 10,561.2896 | 10,561.2882 | 103,643.0357 | 117,712.7016 | |
| RES: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,070.0173 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,879.353 | 6,822.025 | 6,822.9845 | 6,823.4543 | 7,951.7861 | 7,944.3106 | 7,936.9013 | 7,937.0254 | 7,937.0861 | 7,937.0845 | 7,937.084 | 7,937.0841 | 7,937.0841 | 7,937.0841 | 7,937.0841 | 7,937.0841 | 81,977.9728 | 95,266.6984 |
| MLE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,822.332 | 6,822.332 | 6,822.332 | 7,442.544 | 7,442.544 | 7,442.544 | 7,442.544 | 6,822.332 | 6,765.4792 | 7,329.3122 | 7,325.0874 | 7,320.424 | 7,580.6788 | 7,580.7184 | 8,222.9726 | 8,217.6202 | 8,212.3127 | 8,212.4015 | 8,212.445 | 8,212.4439 | 8,854.6987 | 8,849.3466 | 8,844.0391 | 8,844.1279 | 85,799.8069 | 99,843.8053 |
| ENG: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,778.7027 | 6,778.7027 | 7,300.1413 | 7,300.1413 | 6,778.7027 | 7,300.1413 | 7,300.1413 | 7,300.1413 | 7,239.3068 | 7,178.9793 | 7,179.9889 | 7,180.4833 | 8,524.2492 | 8,515.2364 | 8,506.303 | 8,506.4525 | 8,506.5257 | 9,047.0425 | 9,042.5376 | 9,038.0708 | 9,038.1456 | 9,038.1822 | 9,038.1813 | 9,038.181 | 85,615.573 | 105,839.1077 |
| LEAD: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,571.5034 | 3,541.7408 | 3,542.239 | 3,542.4828 | 3,658.8925 | 3,658.8904 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 3,658.8905 | 43,010.094 | 43,906.6878 |
| PRD: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,249.4854 | 3,222.4064 | 3,222.8596 | 3,223.0815 | 3,340.0511 | 3,340.0492 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 3,340.0493 | 39,132.1688 | 40,080.5934 |
| SOL: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,795.192 | 1,795.192 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,068.2108 | 2,341.5568 | 2,338.4672 | 2,335.089 | 2,432.0486 | 2,432.0916 | 2,432.09 | 2,743.7009 | 2,739.8058 | 2,735.9594 | 2,736.0561 | 2,736.103 | 2,736.1012 | 2,736.1006 | 2,736.1007 | 2,736.1007 | 25,240.0519 | 31,932.2587 |
| CSM: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,394.3413 | 1,394.3413 | 1,394.3413 | 1,394.3413 | 1,742.9267 | 1,742.9267 | 1,742.9267 | 1,742.9267 | 1,721.1401 | 1,699.6258 | 1,700.1671 | 1,700.4293 | 2,130.6766 | 2,126.1424 | 2,121.6682 | 2,121.7808 | 2,121.8353 | 2,121.8332 | 2,121.8325 | 2,121.8326 | 2,121.8326 | 2,121.8326 | 2,121.8326 | 2,121.8326 | 19,370.4343 | 25,474.9319 |
| SALH: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,241.2014 | 1,220.5147 | 1,221.2101 | 1,221.5433 | 1,261.4979 | 1,261.4924 | 1,261.4928 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 1,261.4929 | 15,002.3787 | 15,137.9193 |
| AE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 2,977.5933 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,513.5601 | 3,455.0008 | 4,052.488 | 4,043.5059 | 4,794.8086 | 4,784.8526 | 4,774.9075 | 4,775.2392 | 4,775.3994 | 4,775.3912 | 4,775.3887 | 4,775.3889 | 4,775.3889 | 4,775.3889 | 4,775.3889 | 4,775.3889 | 43,053.9321 | 57,332.9317 |
| SDR: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 601 | 601 | 590.9833 | 581.1336 | 581.4647 | 581.6234 | 599.0637 | 599.0611 | 599.0613 | 805.4046 | 801.9656 | 798.5838 | 798.6975 | 798.752 | 798.7492 | 798.7483 | 798.7484 | 798.7484 | 8,345.205 | 8,995.5837 |
| MKT: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,493.1147 | 1,493.1147 | 1,493.1147 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,835.2868 | 1,804.6987 | 1,805.7269 | 1,806.2196 | 1,877.01 | 2,264.9158 | 2,258.4511 | 2,252.0938 | 2,252.3075 | 2,252.4098 | 2,252.4046 | 2,252.403 | 2,252.4031 | 2,252.4031 | 2,252.4031 | 2,252.4031 | 21,063.2426 | 26,671.6078 |
| EXE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,752.9346 | 2,734.5817 | 2,734.8272 | 2,734.9479 | 2,823.7771 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 2,823.7763 | 33,128.5768 | 33,885.3165 |
| GA: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,372.5267 | 1,372.5267 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,636.0518 | 1,625.1448 | 1,625.2907 | 1,625.3624 | 1,694.4715 | 1,694.471 | 1,694.471 | 1,694.4711 | 1,694.4711 | 1,694.4711 | 1,980.6484 | 1,978.7405 | 1,976.8454 | 1,976.8708 | 1,976.8832 | 1,976.883 | 19,139.095 | 22,033.6981 |
| RES: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,611.2079 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,626.0356 | 8,554.152 | 8,555.3551 | 8,555.9441 | 9,907.9721 | 9,898.6575 | 9,889.4255 | 9,889.5801 | 9,889.6557 | 9,889.6538 | 9,889.6532 | 9,889.6532 | 9,889.6532 | 9,889.6532 | 9,889.6532 | 9,889.6532 | 102,792.3581 | 118,702.8639 | |
| MLE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 10,139.9237 | 10,139.9237 | 10,139.9237 | 11,061.735 | 11,061.735 | 11,061.735 | 11,061.735 | 10,139.9237 | 10,055.4244 | 10,893.4404 | 10,887.1611 | 10,880.23 | 11,174.0512 | 11,174.1096 | 12,120.8034 | 12,112.9138 | 12,105.0904 | 12,105.2214 | 12,105.2855 | 12,105.2839 | 13,051.9786 | 13,044.0895 | 13,036.2661 | 13,036.397 | 127,522.8909 | 147,171.4904 | |
| ENG: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 11,122.9246 | 11,122.9246 | 11,978.5342 | 11,978.5342 | 11,122.9246 | 11,978.5342 | 11,978.5342 | 11,978.5342 | 11,878.713 | 11,779.7238 | 11,781.3805 | 11,782.1916 | 13,854.5021 | 13,839.8536 | 13,825.334 | 13,825.5771 | 13,825.6961 | 14,704.2006 | 14,696.8787 | 14,689.6189 | 14,689.7404 | 14,689.7999 | 14,689.7984 | 14,689.7979 | 140,483.4536 | 172,020.7975 | |
| LEAD: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,899.4695 | 3,866.9739 | 3,867.5178 | 3,867.784 | 3,975.6358 | 3,975.6336 | 3,975.6336 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 3,975.6337 | 46,959.6502 | 47,707.6059 | |
| PRD: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,189.352 | 5,146.1074 | 5,146.8312 | 5,147.1855 | 5,285.2422 | 5,285.2393 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 5,285.2394 | 62,493.1561 | 63,422.8752 | |
| SOL: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,239.935 | 4,239.935 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,884.7584 | 5,530.3548 | 5,523.0578 | 5,515.079 | 5,659.1062 | 5,659.2061 | 5,659.2024 | 6,384.2863 | 6,375.2228 | 6,366.2726 | 6,366.4977 | 6,366.6068 | 6,366.6026 | 6,366.6013 | 6,366.6014 | 6,366.6014 | 59,612.665 | 74,302.8075 | |
| CSM: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,959.0267 | 2,959.0267 | 2,959.0267 | 2,959.0267 | 3,698.7833 | 3,698.7833 | 3,698.7833 | 3,698.7833 | 3,652.5485 | 3,606.8917 | 3,608.0403 | 3,608.5967 | 4,462.4977 | 4,453.0011 | 4,443.6304 | 4,443.8662 | 4,443.9804 | 4,443.976 | 4,443.9746 | 4,443.9747 | 4,443.9747 | 4,443.9747 | 4,443.9747 | 4,443.9747 | 41,107.3172 | 53,354.8001 | |
| SALH: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,329.5867 | 1,307.4269 | 1,308.1719 | 1,308.5288 | 1,345.0847 | 1,345.0789 | 1,345.0793 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 1,345.0794 | 16,070.6909 | 16,140.9577 | |
| AE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,526.3042 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,341.0389 | 5,252.0216 | 6,160.2748 | 6,146.6209 | 7,226.5458 | 7,211.5406 | 7,196.5517 | 7,197.0516 | 7,197.2931 | 7,197.2807 | 7,197.2769 | 7,197.2772 | 7,197.2772 | 7,197.2772 | 7,197.2772 | 7,197.2772 | 65,447.2154 | 86,409.9264 | |
| SDR: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 1,683.025 | 1,683.025 | 1,654.9746 | 1,627.3917 | 1,628.3189 | 1,628.7632 | 1,677.6025 | 1,677.5953 | 1,677.5958 | 2,255.4345 | 2,245.8038 | 2,236.3337 | 2,236.652 | 2,236.8046 | 2,236.7967 | 2,236.7943 | 2,236.7945 | 2,236.7945 | 23,369.6983 | 25,191.0022 | |
| MKT: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,025.2283 | 3,025.2283 | 3,025.2283 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,718.5098 | 3,656.5347 | 3,658.618 | 3,659.6162 | 3,755.9468 | 4,532.1566 | 4,519.2206 | 4,506.4994 | 4,506.927 | 4,507.1319 | 4,507.1214 | 4,507.1181 | 4,507.1184 | 4,507.1184 | 4,507.1184 | 4,507.1184 | 42,676.6408 | 53,370.5953 | |
| EXE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,850.6167 | 2,831.6126 | 2,831.8668 | 2,831.9918 | 2,911.4812 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 2,911.4803 | 34,304.0745 | 34,937.7649 | |
| GA: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,450.5271 | 3,450.5271 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,113.0283 | 4,085.6081 | 4,085.9749 | 4,086.1553 | 4,192.3328 | 4,192.3316 | 4,192.3316 | 4,192.3316 | 4,192.3316 | 4,192.3316 | 4,900.3698 | 4,895.6496 | 4,890.9608 | 4,891.0235 | 4,891.0544 | 4,891.0538 | 48,115.6157 | 54,514.1028 | |
| RES: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,049.5548 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,589.4955 | 4,551.2497 | 4,551.8898 | 4,552.2032 | 5,304.9566 | 5,299.9693 | 5,295.0263 | 5,295.1091 | 5,295.1496 | 5,295.1485 | 5,295.1482 | 5,295.1482 | 5,295.1482 | 5,295.1482 | 5,295.1482 | 5,295.1482 | 54,690.8316 | 63,556.2488 | |
| MLE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,551.5195 | 4,551.5195 | 4,551.5195 | 4,965.294 | 4,965.294 | 4,965.294 | 4,965.294 | 4,551.5195 | 4,513.5902 | 4,889.7514 | 4,886.9328 | 4,883.8216 | 5,057.4468 | 5,057.4732 | 5,485.9529 | 5,482.382 | 5,478.8411 | 5,478.9004 | 5,478.9294 | 5,478.9287 | 5,907.4087 | 5,903.8381 | 5,900.2971 | 5,900.3564 | 57,241.35 | 66,610.7548 | |
| ENG: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,522.4552 | 4,522.4552 | 4,870.3363 | 4,870.3363 | 4,522.4552 | 4,870.3363 | 4,870.3363 | 4,870.3363 | 4,829.7502 | 4,789.5023 | 4,790.1759 | 4,790.5057 | 5,687.0023 | 5,680.9894 | 5,675.0294 | 5,675.1292 | 5,675.178 | 6,035.7869 | 6,032.7815 | 6,029.8014 | 6,029.8513 | 6,029.8757 | 6,029.8751 | 6,029.8749 | 57,118.9812 | 70,611.1752 | |
| LEAD: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,382.6711 | 2,362.8155 | 2,363.1478 | 2,363.3105 | 2,440.9705 | 2,440.9691 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 2,440.9692 | 28,693.4928 | 29,291.6314 | |
| PRD: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,167.9093 | 2,149.8434 | 2,150.1457 | 2,150.2938 | 2,228.3286 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 2,228.3274 | 26,107.2081 | 26,739.9301 | |
| SOL: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,197.727 | 1,197.727 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,379.8813 | 1,562.254 | 1,560.1926 | 1,557.9388 | 1,622.6254 | 1,622.654 | 1,622.6529 | 1,830.555 | 1,827.9562 | 1,825.3899 | 1,825.4545 | 1,825.4857 | 1,825.4845 | 1,825.4842 | 1,825.4842 | 1,825.4842 | 16,839.8097 | 21,304.7107 | |
| CSM: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 930.2713 | 930.2713 | 930.2713 | 930.2713 | 1,162.8392 | 1,162.8392 | 1,162.8392 | 1,162.8392 | 1,148.3037 | 1,133.9499 | 1,134.311 | 1,134.4859 | 1,421.5343 | 1,418.5091 | 1,415.5241 | 1,415.5992 | 1,415.6356 | 1,415.6342 | 1,415.6337 | 1,415.6338 | 1,415.6338 | 1,415.6338 | 1,415.6338 | 1,415.6338 | 12,923.4925 | 16,996.2389 | |
| SALH: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 828.0465 | 814.2457 | 814.7096 | 814.9319 | 841.5867 | 841.5831 | 841.5833 | 841.5834 | 841.5834 | 841.5834 | 841.5834 | 841.5834 | 841.5834 | 841.5834 | 841.5834 | 841.5834 | 10,008.5831 | 10,099.0036 | |
| AE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,986.5058 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,344.0769 | 2,305.0089 | 2,703.6234 | 2,697.631 | 3,198.8611 | 3,192.219 | 3,185.5841 | 3,185.8054 | 3,185.9123 | 3,185.9068 | 3,185.9051 | 3,185.9053 | 3,185.9053 | 3,185.9053 | 3,185.9053 | 3,185.9053 | 28,723.495 | 38,249.7204 | |
| SDR: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 401 | 401 | 394.3167 | 387.7447 | 387.9656 | 388.0715 | 399.708 | 399.7063 | 399.7064 | 537.3831 | 535.0885 | 532.8321 | 532.908 | 532.9443 | 532.9425 | 532.9419 | 532.9419 | 532.9419 | 5,568.0985 | 6,002.0451 | |
| MKT: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 996.1647 | 996.1647 | 996.1647 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,224.4524 | 1,204.0449 | 1,204.7309 | 1,205.0596 | 1,252.287 | 1,511.0866 | 1,506.7736 | 1,502.5321 | 1,502.6747 | 1,502.743 | 1,502.7395 | 1,502.7384 | 1,502.7385 | 1,502.7385 | 1,502.7385 | 1,502.7385 | 14,052.8109 | 17,794.5291 | |
| EXE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,836.5697 | 1,824.3259 | 1,824.4897 | 1,824.5702 | 1,883.8305 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 1,883.8299 | 22,101.1209 | 22,605.9597 | |
| GA: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 915.7392 | 915.7392 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,091.5611 | 1,084.284 | 1,084.3814 | 1,084.4292 | 1,130.5355 | 1,130.5352 | 1,130.5352 | 1,130.5352 | 1,130.5352 | 1,130.5352 | 1,321.47 | 1,320.1971 | 1,318.9327 | 1,318.9496 | 1,318.958 | 1,318.9578 | 12,769.456 | 14,700.6767 | |
| RES: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 6,598.8615 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,478.7097 | 7,416.3871 | 7,417.4302 | 7,417.9409 | 8,612.0343 | 8,603.9381 | 8,595.9136 | 8,596.048 | 8,596.1137 | 8,596.112 | 8,596.1115 | 8,596.1115 | 8,596.1115 | 8,596.1115 | 8,596.1115 | 8,596.1115 | 89,120.2217 | 103,176.8289 |
| MLE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 7,061.4925 | 7,061.4925 | 7,061.4925 | 7,703.4463 | 7,703.4463 | 7,703.4463 | 7,703.4463 | 7,061.4925 | 7,002.6467 | 7,586.2452 | 7,581.8722 | 7,577.0453 | 7,805.1124 | 7,805.1532 | 8,466.422 | 8,460.9111 | 8,455.4464 | 8,455.5379 | 8,455.5827 | 8,455.5815 | 9,116.851 | 9,111.3404 | 9,105.8757 | 9,105.9672 | 88,807.5645 | 102,799.7814 |
| ENG: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 6,858.3498 | 6,858.3498 | 7,385.9152 | 7,385.9152 | 6,858.3498 | 7,385.9152 | 7,385.9152 | 7,385.9152 | 7,324.3659 | 7,263.3295 | 7,264.3511 | 7,264.8512 | 8,570.3972 | 8,561.3356 | 8,552.3538 | 8,552.5041 | 8,552.5777 | 9,096.0208 | 9,091.4915 | 9,087.0005 | 9,087.0757 | 9,087.1125 | 9,087.1115 | 9,087.1112 | 86,621.5232 | 106,412.0921 |
| LEAD: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,606.2744 | 4,567.8888 | 4,568.5313 | 4,568.8458 | 4,706.1567 | 4,706.1541 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 4,706.1542 | 55,471.4012 | 56,473.8528 |
| PRD: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,229.5913 | 3,202.678 | 3,203.1285 | 3,203.349 | 3,299.7539 | 3,299.752 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 3,299.7521 | 38,892.5927 | 39,597.0271 |
| SOL: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,704.2514 | 1,704.2514 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,963.4397 | 2,222.9386 | 2,220.0055 | 2,216.7985 | 2,283.6798 | 2,283.7201 | 2,283.7186 | 2,576.3195 | 2,572.662 | 2,569.0502 | 2,569.1411 | 2,569.1851 | 2,569.1834 | 2,569.1829 | 2,569.1829 | 2,569.1829 | 23,961.4452 | 29,984.2084 |
| CSM: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,377.8306 | 1,377.8306 | 1,377.8306 | 1,377.8306 | 1,722.2882 | 1,722.2882 | 1,722.2882 | 1,722.2882 | 1,700.7596 | 1,679.5001 | 1,680.035 | 1,680.294 | 2,085.7368 | 2,081.2981 | 2,076.9183 | 2,077.0285 | 2,077.0819 | 2,077.0799 | 2,077.0792 | 2,077.0793 | 2,077.0793 | 2,077.0793 | 2,077.0793 | 2,077.0793 | 19,141.064 | 24,937.6191 |
| SALH: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,583.7604 | 1,557.3644 | 1,558.2517 | 1,558.6769 | 1,605.4979 | 1,605.4909 | 1,605.4914 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 1,605.4915 | 19,142.8837 | 19,265.9039 |
| AE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,126.7343 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,689.5465 | 3,628.054 | 4,255.468 | 4,246.036 | 5,007.3613 | 4,996.964 | 4,986.578 | 4,986.9244 | 4,987.0918 | 4,987.0832 | 4,987.0806 | 4,987.0807 | 4,987.0808 | 4,987.0808 | 4,987.0808 | 4,987.0808 | 45,210.4069 | 59,874.4872 |
| SDR: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 656.072 | 656.072 | 656.072 | 656.072 | 656.072 | 656.072 | 492.054 | 492.054 | 483.8531 | 475.7889 | 476.06 | 476.1899 | 490.4687 | 490.4665 | 490.4667 | 659.4053 | 656.5896 | 653.8209 | 653.914 | 653.9586 | 653.9563 | 653.9556 | 653.9556 | 653.9556 | 6,832.4318 | 7,364.9134 |
| MKT: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,427.6516 | 1,427.6516 | 1,427.6516 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,754.8217 | 1,725.5747 | 1,726.5579 | 1,727.0289 | 1,779.0229 | 2,146.6785 | 2,140.5513 | 2,134.5259 | 2,134.7284 | 2,134.8255 | 2,134.8205 | 2,134.8189 | 2,134.819 | 2,134.8191 | 2,134.8191 | 2,134.8191 | 20,139.7604 | 25,279.2481 |
| EXE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,830.1968 | 3,804.6622 | 3,805.0038 | 3,805.1718 | 3,919.512 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 3,919.5109 | 46,092.2575 | 47,034.1321 |
| GA: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,364.8529 | 1,364.8529 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,626.9046 | 1,616.0586 | 1,616.2037 | 1,616.275 | 1,664.9881 | 1,664.9876 | 1,664.9876 | 1,664.9876 | 1,664.9876 | 1,664.9876 | 1,946.1856 | 1,944.3109 | 1,942.4488 | 1,942.4737 | 1,942.4859 | 1,942.4857 | 19,032.0883 | 21,650.3168 |
| RES: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 880 | 872.6667 | 865.3944 | 865.5162 | 865.5757 | 999.9636 | 999.0235 | 998.0918 | 998.1074 | 998.115 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 10,399.153 | 11,980.1046 |
| MLE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 1,210 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 1,210 | 1,199.9167 | 1,299.9174 | 1,299.168 | 1,298.341 | 1,330.8129 | 1,330.8199 | 1,443.5697 | 1,442.6301 | 1,441.6983 | 1,441.7139 | 1,441.7216 | 1,441.7214 | 1,554.4713 | 1,553.5317 | 1,552.6 | 1,552.6156 | 15,217.343 | 17,527.9064 |
| ENG: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 1,430 | 1,430 | 1,540 | 1,540 | 1,430 | 1,540 | 1,540 | 1,540 | 1,527.1667 | 1,514.4403 | 1,514.6533 | 1,514.7576 | 1,778.1238 | 1,776.2437 | 1,774.3803 | 1,774.4115 | 1,774.4267 | 1,887.1763 | 1,886.2366 | 1,885.3049 | 1,885.3205 | 1,885.3281 | 1,885.3279 | 1,885.3279 | 18,061.0178 | 22,077.6083 |
| LEAD: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 330 | 330 | 330 | 330 | 330 | 330 | 330 | 330 | 327.25 | 324.5229 | 324.5686 | 324.5909 | 332.7051 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 3,940.9324 | 3,992.4592 |
| PRD: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 654.5 | 649.0458 | 649.1371 | 649.1818 | 665.4102 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 7,881.8648 | 7,984.9184 |
| SOL: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 660 | 660 | 770 | 770 | 770 | 770 | 770 | 770 | 760.375 | 860.8703 | 859.7344 | 858.4924 | 879.9852 | 880.0008 | 880.0002 | 992.75 | 991.3406 | 989.9489 | 989.9839 | 990.0008 | 990.0002 | 990 | 990 | 990 | 9,279.4722 | 11,554.0105 |
| CSM: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 440 | 550 | 550 | 550 | 550 | 543.125 | 536.3359 | 536.5067 | 536.5895 | 662.751 | 661.3406 | 659.9489 | 659.9839 | 660.0008 | 660.0002 | 660 | 660 | 660 | 660 | 660 | 660 | 6,112.5571 | 7,924.0253 |
| SALH: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 108.1667 | 106.3639 | 106.4245 | 106.4535 | 109.1133 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 1,307.4086 | 1,309.3552 |
| AE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 550 | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 649 | 638.1833 | 748.5469 | 746.8878 | 876.453 | 874.6331 | 872.8152 | 872.8759 | 872.9051 | 872.9036 | 872.9032 | 872.9032 | 872.9032 | 872.9032 | 872.9032 | 872.9032 | 7,952.6181 | 10,480.0053 |
| SDR: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 440 | 440 | 440 | 330 | 330 | 324.5 | 319.0917 | 319.2735 | 319.3606 | 327.34 | 327.3386 | 327.3387 | 440.0887 | 438.2095 | 436.3617 | 436.4238 | 436.4536 | 436.452 | 436.4516 | 436.4516 | 436.4516 | 4,582.2257 | 4,915.3615 |
| MKT: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 550 | 550 | 550 | 550 | 550 | 540.8333 | 531.8194 | 532.1225 | 532.2676 | 545.5667 | 658.3143 | 656.4353 | 654.5875 | 654.6496 | 654.6794 | 654.6778 | 654.6774 | 654.6774 | 654.6774 | 654.6774 | 654.6774 | 6,207.0429 | 7,752.2977 |
| EXE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 218.5333 | 217.0764 | 217.0959 | 217.1055 | 222.533 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 2,629.8112 | 2,670.3948 |
| GA: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 550 | 550 | 660 | 660 | 660 | 660 | 660 | 660 | 655.6 | 651.2293 | 651.2878 | 651.3166 | 667.5989 | 667.5987 | 667.5987 | 667.5987 | 667.5987 | 667.5987 | 780.3487 | 779.597 | 778.8504 | 778.8604 | 778.8653 | 778.8652 | 7,669.4337 | 8,680.9791 |
| RES: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 75,074.3458 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,084.2586 | 84,375.2231 | 84,387.0901 | 84,392.8998 | 97,971.2209 | 97,879.1168 | 97,787.8301 | 97,789.3583 | 97,790.1063 | 97,790.0874 | 97,790.0813 | 97,790.0815 | 97,790.0816 | 97,790.0815 | 97,790.0815 | 97,790.0815 | 1,013,908.5843 | 1,173,748.2088 |
| MLE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 73,030.8772 | 73,030.8772 | 73,030.8772 | 79,670.0478 | 79,670.0478 | 79,670.0478 | 79,670.0478 | 73,030.8772 | 72,422.2865 | 78,457.9381 | 78,412.7126 | 78,362.7924 | 80,714.526 | 80,714.9477 | 87,553.2859 | 87,496.2963 | 87,439.785 | 87,440.7309 | 87,441.1939 | 87,441.1822 | 94,279.527 | 94,222.5409 | 94,166.0296 | 94,166.9754 | 918,459.4294 | 1,063,077.0206 |
| ENG: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 38,728.3086 | 38,728.3086 | 41,707.4092 | 41,707.4092 | 38,728.3086 | 41,707.4092 | 41,707.4092 | 41,707.4092 | 41,359.8475 | 41,015.1821 | 41,020.9506 | 41,023.7748 | 48,391.3838 | 48,340.2189 | 48,289.5046 | 48,290.3536 | 48,290.7692 | 51,359.2337 | 51,333.6597 | 51,308.3023 | 51,308.7267 | 51,308.9345 | 51,308.9292 | 51,308.9276 | 489,141.7267 | 600,838.9439 |
| LEAD: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,087.7713 | 17,937.0399 | 17,939.5626 | 17,940.7977 | 18,478.9941 | 18,478.9838 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 18,478.9842 | 217,823.3268 | 221,747.8201 |
| PRD: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,209.1771 | 5,165.7673 | 5,166.4938 | 5,166.8495 | 5,321.8481 | 5,321.8451 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 5,321.8452 | 62,731.9013 | 63,862.1456 |
| SOL: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CSM: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SALH: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MKT: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EXE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research and development: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 40 | 41 | 42 | 43 | 42 | 43 | 43 | 42 | 41.65 | 42.3029 | 42.3004 | 42.295 | 45.295 | 45.2701 | 46.2453 | 46.2374 | 46.2293 | 47.2294 | 47.2212 | 47.2129 | 48.213 | 48.2048 | 48.1965 | 48.1967 | 42.295 | 48.1967 | |
| Research and development: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 271,356.79 | 279,644.1 | 284,994.22 | 293,129.64 | 286,465.73 | 292,350.55 | 292,577.46 | 286,745.35 | 283,368.75 | 287,507.3438 | 287,492.6992 | 287,458.333 | 316,510.837 | 316,340.8923 | 322,867.0689 | 322,814.1003 | 322,760.1569 | 328,769.3812 | 328,719.7538 | 328,670.0905 | 335,365.918 | 335,310.5333 | 335,255.1962 | 335,256.1189 | 3,433,090.9659 | 3,928,640.0474 | |
| Research and development: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 98,305.61 | 101,080.11 | 103,127.91 | 105,634.79 | 103,675.59 | 105,575.49 | 105,687.75 | 103,217.21 | 102,406.7888 | 103,917.7163 | 103,912.2966 | 103,899.7507 | 114,273.9459 | 114,212.3668 | 116,583.0075 | 116,563.7653 | 116,544.1703 | 118,762.7137 | 118,744.3891 | 118,726.0539 | 121,158.1736 | 121,138.0588 | 121,117.9587 | 121,118.2938 | 1,240,441.0124 | 1,418,942.8974 | |
| Research and development: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Research and development: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 26,523.58 | 27,503.35 | 27,822.05 | 28,599.6 | 27,957.74 | 28,480.84 | 28,574.6 | 27,930.34 | 27,705.1278 | 28,094.4637 | 28,093.1594 | 28,089.9258 | 31,055.6577 | 31,039.205 | 31,665.1167 | 31,660.0379 | 31,654.8642 | 32,195.4683 | 32,191.0064 | 32,186.5386 | 32,828.8682 | 32,823.5527 | 32,818.2442 | 32,818.3328 | 335,374.7767 | 384,936.8926 | |
| Research and development: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,400 | 4,510 | 4,620 | 4,730 | 4,620 | 4,730 | 4,730 | 4,620 | 4,581.5 | 4,653.3208 | 4,653.0432 | 4,652.447 | 5,107.0156 | 5,104.2019 | 5,214.1565 | 5,213.2637 | 5,212.3548 | 5,325.1198 | 5,324.1877 | 5,323.2558 | 5,436.0213 | 5,435.0894 | 5,434.1574 | 5,434.1729 | 55,500.311 | 63,562.9969 | |
| Research and development: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 38,039.25 | 39,126.57 | 39,982.18 | 40,903.99 | 40,048.38 | 40,903.99 | 40,903.99 | 39,982.18 | 39,648.9945 | 40,240.3975 | 40,238.2457 | 40,233.3353 | 44,197.4035 | 44,173.4935 | 45,096.436 | 45,088.944 | 45,081.3153 | 45,959.9488 | 45,952.6904 | 45,945.429 | 46,892.2452 | 46,884.4156 | 46,876.5907 | 46,876.7211 | 480,251.503 | 549,025.633 | |
| Research and development: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 17,712.35 | 18,290.86 | 18,638.74 | 19,052.51 | 18,704.63 | 19,052.51 | 19,052.51 | 18,638.74 | 18,483.4162 | 18,743.1622 | 18,742.292 | 18,740.1347 | 20,718.7048 | 20,707.7284 | 21,125.3052 | 21,121.9169 | 21,118.4653 | 21,479.1324 | 21,476.1557 | 21,473.1749 | 21,901.7048 | 21,898.1586 | 21,894.6171 | 21,894.6761 | 223,851.8551 | 256,809.7403 | |
| Research and development: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 28,420.42 | 29,363.11 | 29,890.68 | 30,532.63 | 30,005.07 | 30,532.63 | 30,532.63 | 29,890.68 | 29,641.5881 | 30,036.5287 | 30,035.3133 | 30,032.0322 | 32,993.4545 | 32,976.3329 | 33,620.5957 | 33,615.3695 | 33,610.0442 | 34,153.577 | 34,149.0919 | 34,144.5999 | 34,805.9445 | 34,800.4707 | 34,795.0051 | 34,795.0963 | 358,913.3122 | 408,459.5824 | |
| Research and development: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 187,184.77 | 192,863.56 | 196,482.62 | 202,640.51 | 197,707.65 | 201,861.42 | 202,088.33 | 198,233.75 | 195,594.7512 | 198,487.2553 | 198,476.8483 | 198,452.8308 | 218,601.2742 | 218,483.3375 | 223,024.7321 | 222,987.8699 | 222,950.3322 | 227,176.7229 | 227,141.8158 | 227,106.8868 | 231,766.0234 | 231,727.4884 | 231,688.9833 | 231,689.6253 | 2,370,074.2956 | 2,714,345.0919 | |
| Solutions, support and customer success: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 12 | 11.85 | 12.7019 | 12.6931 | 12.6826 | 13.6828 | 13.6704 | 13.6581 | 14.6584 | 14.646 | 14.6337 | 14.634 | 14.6342 | 14.6341 | 14.6341 | 14.6341 | 14.6341 | 12.6826 | 14.6341 | |
| Solutions, support and customer success: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 44,731.88 | 44,644.94 | 48,929.27 | 49,028.66 | 53,697.65 | 53,568.65 | 53,627.56 | 53,606.43 | 52,995.8333 | 56,666.7188 | 56,629.2181 | 56,583.8008 | 63,089.049 | 63,029.5371 | 62,970.1843 | 67,435.0035 | 67,379.9352 | 67,324.8133 | 67,326.1906 | 67,326.8625 | 67,326.8368 | 67,326.8288 | 67,326.8292 | 67,326.8293 | 624,710.611 | 795,188.8996 | |
| Solutions, support and customer success: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 16,001.64 | 16,049.25 | 17,545.79 | 17,665.12 | 19,286.37 | 19,168.16 | 19,180.91 | 19,215.38 | 18,929.8648 | 20,239.6424 | 20,226.2654 | 20,210.0604 | 22,552.335 | 22,531.0458 | 22,509.8138 | 24,104.9168 | 24,085.2434 | 24,065.5505 | 24,066.0426 | 24,066.2826 | 24,066.2735 | 24,066.2706 | 24,066.2707 | 24,066.2708 | 223,718.4529 | 284,246.3159 | |
| Solutions, support and customer success: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,274.26 | 1,274.26 | 1,408.19 | 1,408.19 | 1,525.87 | 1,633.2 | 1,633.2 | 1,633.2 | 1,612.785 | 1,736.5785 | 1,735.2862 | 1,733.755 | 1,851.1034 | 1,849.56 | 1,848.0167 | 1,991.1159 | 1,989.3464 | 1,987.5798 | 1,987.624 | 1,987.6455 | 1,987.6447 | 1,987.6445 | 1,987.6445 | 1,987.6445 | 18,608.7747 | 23,442.5699 | |
| Solutions, support and customer success: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 3,190.8 | 3,194.07 | 3,487.66 | 3,490.78 | 3,834.33 | 3,836.43 | 3,828.49 | 3,834.7 | 3,789.3509 | 4,041.1826 | 4,038.6343 | 4,035.5183 | 4,562.7253 | 4,558.2339 | 4,553.7581 | 4,865.4817 | 4,861.6411 | 4,857.7926 | 4,857.8887 | 4,857.9356 | 4,857.9338 | 4,857.9332 | 4,857.9333 | 4,857.9333 | 44,601.9461 | 57,407.1905 | |
| Solutions, support and customer success: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,100 | 1,100 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 1,303.5 | 1,397.2062 | 1,396.2412 | 1,395.0819 | 1,542.7362 | 1,541.3413 | 1,539.949 | 1,652.7339 | 1,651.3415 | 1,649.9491 | 1,649.9839 | 1,650.0008 | 1,650.0002 | 1,650 | 1,650 | 1,650 | 15,392.0293 | 19,478.0358 | |
| Solutions, support and customer success: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 7,198.96 | 7,198.96 | 7,905.62 | 7,905.62 | 8,645.37 | 8,645.37 | 8,645.37 | 8,645.37 | 8,537.307 | 9,137.2465 | 9,131.0981 | 9,123.6757 | 10,121.6039 | 10,112.2072 | 10,102.8327 | 10,828.1525 | 10,819.2032 | 10,810.2486 | 10,810.4724 | 10,810.5815 | 10,810.5774 | 10,810.576 | 10,810.5761 | 10,810.5761 | 100,719.9672 | 127,657.6076 | |
| Solutions, support and customer success: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 2,128 | 2,128 | 2,327.62 | 2,327.62 | 2,560.19 | 2,560.19 | 2,560.19 | 2,560.19 | 2,528.185 | 2,696.2038 | 2,694.5036 | 2,692.4247 | 3,044.1596 | 3,041.1631 | 3,038.177 | 3,246.1541 | 3,243.5918 | 3,241.0241 | 3,241.0882 | 3,241.1195 | 3,241.1183 | 3,241.1179 | 3,241.1179 | 3,241.118 | 29,763.3171 | 38,300.9496 | |
| Solutions, support and customer success: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 3,082.08 | 3,082.08 | 3,366.12 | 3,366.12 | 3,710.58 | 3,710.58 | 3,710.58 | 3,710.58 | 3,664.1993 | 3,902.4387 | 3,900.0405 | 3,897.0925 | 4,369.4165 | 4,365.0182 | 4,360.6369 | 4,653.348 | 4,649.7439 | 4,646.1301 | 4,646.2203 | 4,646.2644 | 4,646.2627 | 4,646.2621 | 4,646.2622 | 4,646.2622 | 43,102.491 | 54,921.8275 | |
| Solutions, support and customer success: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 32,322.84 | 32,235.9 | 35,329.91 | 35,429.3 | 38,781.51 | 38,652.51 | 38,711.42 | 38,690.29 | 38,266.1421 | 40,930.8297 | 40,903.5759 | 40,870.608 | 45,553.869 | 45,511.1486 | 45,468.5377 | 48,707.3488 | 48,667.3963 | 48,627.4105 | 48,628.4098 | 48,628.8971 | 48,628.8785 | 48,628.8726 | 48,628.873 | 48,628.873 | 451,124.8356 | 574,308.5148 | |
| Sales and marketing: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 14 | 15 | 15 | 16 | 16 | 16 | 15 | 15 | 14.75 | 14.5042 | 15.5124 | 15.4997 | 16.4831 | 17.467 | 17.4342 | 18.4183 | 18.4025 | 18.3863 | 18.3869 | 18.3871 | 18.3871 | 18.3871 | 18.3871 | 18.3871 | 15.4997 | 18.3871 | |
| Sales and marketing: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 75,446.95 | 81,502.72 | 81,398.84 | 86,372.25 | 86,271.42 | 86,334.25 | 82,709.59 | 82,918.92 | 81,616.6667 | 80,256.3889 | 86,635.4491 | 86,551.8027 | 95,563.6188 | 100,436.4671 | 100,248.3319 | 103,603.5867 | 103,550.8014 | 103,495.7602 | 103,497.5573 | 103,498.4447 | 103,498.4 | 103,498.3859 | 103,498.3869 | 103,498.3871 | 998,015.2473 | 1,227,888.128 | |
| Sales and marketing: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 26,631.89 | 28,865.77 | 28,843.65 | 30,672.06 | 30,602.95 | 30,487.31 | 29,428.75 | 29,363.32 | 28,919.9689 | 28,437.9694 | 30,766.6463 | 30,735.8684 | 33,998.2108 | 35,738.6675 | 35,670.6761 | 36,746.7936 | 36,729.9915 | 36,712.3362 | 36,712.9105 | 36,713.1952 | 36,713.1809 | 36,713.1764 | 36,713.1767 | 36,713.1768 | 353,756.153 | 435,875.4922 | |
| Sales and marketing: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,411.44 | 1,411.44 | 1,411.44 | 1,523.88 | 1,523.88 | 1,631.61 | 1,371.97 | 1,371.97 | 1,349.106 | 1,326.6209 | 1,327.3767 | 1,327.7389 | 1,323.0693 | 1,441.9783 | 1,439.9968 | 1,695.5788 | 1,691.3521 | 1,687.1629 | 1,687.3032 | 1,687.3706 | 1,687.3672 | 1,687.3661 | 1,687.3662 | 1,687.3662 | 16,988.4725 | 19,403.2778 | |
| Sales and marketing: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,538.52 | 7,124.55 | 7,120.81 | 7,495.61 | 7,494.91 | 7,525.81 | 7,298.54 | 7,283.75 | 7,181.0316 | 7,061.3477 | 7,660.8897 | 7,652.892 | 8,532.3801 | 8,910.3219 | 8,893.9127 | 9,094.2305 | 9,091.1653 | 9,087.8778 | 9,087.9837 | 9,088.0367 | 9,088.0341 | 9,088.0332 | 9,088.0333 | 9,088.0333 | 87,438.6611 | 108,138.0426 | |
| Sales and marketing: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,540 | 1,650 | 1,650 | 1,760 | 1,760 | 1,760 | 1,650 | 1,650 | 1,622.5 | 1,595.4583 | 1,706.3674 | 1,704.9696 | 1,858.473 | 1,969.3989 | 1,965.7021 | 2,076.665 | 2,074.8772 | 2,073.0576 | 2,073.1178 | 2,073.1471 | 2,073.1456 | 2,073.1451 | 2,073.1452 | 2,073.1452 | 20,049.2953 | 24,457.0197 | |
| Sales and marketing: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 11,147.69 | 12,052.95 | 12,052.95 | 12,809.26 | 12,809.26 | 12,809.26 | 12,248.25 | 12,248.25 | 12,044.11 | 11,843.3749 | 12,755.3836 | 12,743.529 | 14,005.1799 | 14,766.3713 | 14,738.4474 | 15,304.0649 | 15,295.1033 | 15,285.8257 | 15,286.1297 | 15,286.2793 | 15,286.2717 | 15,286.2694 | 15,286.2695 | 15,286.2696 | 147,564.2675 | 181,112.4817 | |
| Sales and marketing: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,359.42 | 4,756.72 | 4,756.72 | 5,005.76 | 5,005.76 | 5,005.76 | 4,872.09 | 4,872.09 | 4,790.8924 | 4,711.0442 | 5,111.0296 | 5,105.6939 | 5,692.4429 | 5,944.595 | 5,933.6475 | 6,067.3041 | 6,065.2589 | 6,063.0654 | 6,063.136 | 6,063.1714 | 6,063.1696 | 6,063.1691 | 6,063.1691 | 6,063.1691 | 58,352.9802 | 72,145.2982 | |
| Sales and marketing: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,821.06 | 7,446.41 | 7,446.41 | 7,803.32 | 7,803.32 | 7,803.32 | 7,639.3 | 7,639.3 | 7,511.9817 | 7,386.782 | 8,016.3376 | 8,007.9316 | 8,882.3508 | 9,239.6 | 9,223.0875 | 9,386.3471 | 9,383.9013 | 9,381.2211 | 9,381.3065 | 9,381.3498 | 9,381.3476 | 9,381.3469 | 9,381.347 | 9,381.347 | 91,325.4729 | 111,784.5526 | |
| Sales and marketing: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 53,118.78 | 57,246.64 | 57,142.76 | 60,753.91 | 60,653.08 | 60,715.91 | 57,949.95 | 58,159.28 | 57,269.6825 | 56,315.1878 | 60,752.6984 | 60,694.6481 | 66,983.6453 | 70,485.9007 | 70,353.1495 | 72,845.8706 | 72,806.5378 | 72,765.648 | 72,766.985 | 72,767.6443 | 72,767.611 | 72,767.6005 | 72,767.6013 | 72,767.6014 | 700,772.5268 | 862,845.7955 | |
| General and administrative: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7.9467 | 7.8937 | 7.8944 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 8.8947 | 8.8881 | 8.8814 | 8.8815 | 8.8816 | 8.8816 | 7.8947 | 8.8816 | |
| General and administrative: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 44,038.84 | 44,160.07 | 48,481.69 | 48,284.21 | 48,232.1 | 48,300.51 | 48,343.52 | 48,411.5 | 48,011.1111 | 47,691.037 | 47,695.319 | 47,697.4243 | 49,128.3032 | 49,128.289 | 49,128.2894 | 49,128.2895 | 49,128.2895 | 49,128.2895 | 53,419.9561 | 53,391.345 | 53,362.9247 | 53,363.3049 | 53,363.4918 | 53,363.488 | 569,347.3315 | 615,034.2605 | |
| General and administrative: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 15,411.81 | 15,436.28 | 16,921.53 | 16,868.15 | 16,906.94 | 16,873.59 | 16,802.42 | 16,818.28 | 16,722.3625 | 16,610.8801 | 16,612.3715 | 16,613.1048 | 17,119.3237 | 17,119.3187 | 17,119.3189 | 17,119.3189 | 17,119.3189 | 17,119.3189 | 18,648.191 | 18,637.9986 | 18,627.874 | 18,628.0095 | 18,628.0761 | 18,628.0747 | 198,597.7188 | 214,514.1419 | |
| General and administrative: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 725.92 | 725.92 | 871.11 | 871.11 | 871.11 | 939.39 | 939.39 | 939.39 | 933.1309 | 926.9101 | 926.9933 | 927.0342 | 919.9021 | 919.9018 | 919.9018 | 919.9018 | 919.9018 | 919.9018 | 1,075.263 | 1,074.2273 | 1,073.1984 | 1,073.2122 | 1,073.219 | 1,073.2188 | 10,597.4085 | 11,961.7498 | |
| General and administrative: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,145.81 | 4,147.51 | 4,421.57 | 4,418.95 | 4,423.95 | 4,425.14 | 4,425.64 | 4,433.12 | 4,388.9864 | 4,359.7265 | 4,360.1179 | 4,360.3104 | 4,518.2486 | 4,518.2473 | 4,518.2474 | 4,518.2474 | 4,518.2474 | 4,518.2474 | 4,804.4247 | 4,802.5169 | 4,800.6217 | 4,800.6471 | 4,800.6595 | 4,800.6593 | 52,310.8311 | 55,919.0146 | |
| General and administrative: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 770 | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 874.1333 | 868.3058 | 868.3837 | 868.4221 | 890.1318 | 890.1316 | 890.1316 | 890.1316 | 890.1316 | 890.1316 | 1,002.8816 | 1,002.1299 | 1,001.3833 | 1,001.3932 | 1,001.3982 | 1,001.3981 | 10,299.2449 | 11,351.3739 | |
| General and administrative: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,320.28 | 6,320.28 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 6,963.645 | 6,917.2207 | 6,917.8417 | 6,918.1471 | 7,103.8139 | 7,103.8119 | 7,103.812 | 7,103.812 | 7,103.812 | 7,103.812 | 7,811.8502 | 7,807.1299 | 7,802.4412 | 7,802.5039 | 7,802.5347 | 7,802.5341 | 82,419.6944 | 89,451.8677 | |
| General and administrative: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 2,764.63 | 2,764.63 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,928.1308 | 2,908.6099 | 2,908.8711 | 2,908.9995 | 3,014.366 | 3,014.3651 | 3,014.3651 | 3,014.3651 | 3,014.3651 | 3,014.3651 | 3,205.3 | 3,204.0271 | 3,202.7627 | 3,202.7796 | 3,202.7879 | 3,202.7877 | 34,870.5512 | 37,306.6364 | |
| General and administrative: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 5,220.76 | 5,220.76 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,457.1015 | 5,420.7208 | 5,421.2075 | 5,421.4468 | 5,584.5001 | 5,584.4985 | 5,584.4986 | 5,584.4986 | 5,584.4986 | 5,584.4986 | 5,865.6965 | 5,863.8218 | 5,861.9597 | 5,861.9846 | 5,861.9968 | 5,861.9966 | 65,124.3765 | 68,684.4489 | |
| General and administrative: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 29,733.17 | 29,854.4 | 33,029.8 | 32,832.32 | 32,780.21 | 32,848.62 | 32,891.63 | 32,959.61 | 32,662.2339 | 32,444.4857 | 32,447.3987 | 32,448.831 | 33,425.6231 | 33,425.6135 | 33,425.6138 | 33,425.6138 | 33,425.6138 | 33,425.6138 | 36,537.1095 | 36,516.3662 | 36,495.7612 | 36,496.0368 | 36,496.1724 | 36,496.1696 | 386,932.7093 | 419,591.3075 | |
| Days accrued | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | headcount x 25 / 12 | 147.9167 | 152.0833 | 158.3333 | 162.5 | 162.5 | 164.5833 | 162.5 | 160.4167 | 158.7431 | 161.2555 | 163.334 | 163.275 | 173.6577 | 175.6296 | 177.5672 | 181.685 | 181.6095 | 183.6337 | 185.7016 | 185.6714 | 187.7411 | 187.7241 | 187.707 | 187.7072 | 1,917.4409 | 2,196.0352 |
| Days taken | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | A: HR system; F: headcount x 25 x seasonal share | 70.3 | 147.8 | 70.6 | 163.4 | 178 | 107.6 | 292.7 | 574.9 | 57.1475 | 96.7533 | 58.8002 | 137.151 | 83.3557 | 168.6044 | 85.2323 | 174.4176 | 196.1382 | 110.1802 | 356.5471 | 623.8557 | 67.5868 | 112.6345 | 67.5745 | 157.6741 | 1,955.1521 | 2,203.8012 |
| Days outstanding at month end | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 742.6167 | 746.9 | 834.6333 | 833.7333 | 818.2333 | 875.2167 | 745.0167 | 330.5333 | 432.1289 | 496.6311 | 601.1649 | 627.2889 | 717.5909 | 724.6161 | 816.951 | 824.2184 | 809.6897 | 883.1432 | 712.2977 | 274.1133 | 394.2676 | 469.3573 | 589.4897 | 619.5229 | 627.2889 | 619.5229 | |
| Cost of a day (gross pay + employer contributions per head / working days) | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 410.9817 | 413.0151 | 408.6993 | 409.2032 | 407.5407 | 407.1 | 409.6915 | 409.7941 | 409.4255 | 408.3218 | 408.5636 | 408.5733 | 421.2462 | 420.1612 | 420.5385 | 416.7888 | 416.8405 | 416.7551 | 415.2407 | 415.2508 | 415.6553 | 415.6519 | 415.6486 | 415.6487 | 409.2425 | 417.1189 | |
| PAID LEAVE PROVISION | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | days x cost of a day | 305,201.8629 | 308,480.9797 | 341,114.0281 | 341,166.3574 | 333,463.3547 | 356,300.7188 | 305,227.0288 | 135,450.6025 | 176,924.566 | 202,785.2991 | 245,614.105 | 256,293.4928 | 302,282.3994 | 304,455.5617 | 343,559.3955 | 343,525.0203 | 337,511.4319 | 368,054.4195 | 295,774.9649 | 113,825.7813 | 163,879.4213 | 195,089.2384 | 245,020.5819 | 257,503.8569 | 256,293.4928 | 257,503.8569 |
| Movement in the provision (charged to payroll cost) | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 41,461.7129 | 3,279.1168 | 32,633.0484 | 52.3293 | -7,703.0028 | 22,837.3642 | -51,073.69 | -169,776.4264 | 41,473.9636 | 25,860.733 | 42,828.8059 | 10,679.3878 | 45,988.9066 | 2,173.1623 | 39,103.8338 | -34.3752 | -6,013.5884 | 30,542.9876 | -72,279.4545 | -181,949.1836 | 50,053.64 | 31,209.8171 | 49,931.3435 | 12,483.2751 | -7,446.6572 | 1,210.3642 | |
| Research and development: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 25,830.0666 | 2,037.964 | 20,052.0689 | 32.1703 | -4,648.8312 | 13,893.3742 | -31,310.1224 | -103,210.5956 | 25,220.21 | 15,748.3844 | 25,734.9773 | 6,418.4287 | 27,763.1409 | 1,299.7058 | 23,589.3365 | -20.4368 | -3,575.6783 | 18,300.1007 | -42,967.9107 | -108,161.8531 | 29,999.3969 | 18,704.1968 | 29,922.1106 | 7,480.7991 | -4,201.9047 | 2,332.9084 |
| Research and development: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 426,416.0466 | 414,775.524 | 440,616.2489 | 432,126.2003 | 418,070.2288 | 445,030.2542 | 400,259.6876 | 319,302.3044 | 443,282.3766 | 439,921.229 | 449,886.1757 | 430,518.8852 | 494,710.597 | 467,996.3717 | 499,918.6862 | 476,230.7304 | 472,595.8681 | 503,352.7837 | 442,011.4263 | 376,744.0857 | 524,788.378 | 513,411.4309 | 524,547.6671 | 502,107.7176 | 5,060,205.1613 | 5,798,415.7428 | |
| Solutions, support and customer success: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 4,257.964 | 325.3592 | 3,442.6421 | 5.3808 | -871.4177 | 2,545.7428 | -5,738.9434 | -19,295.0001 | 4,716.7023 | 3,103.9529 | 5,069.1779 | 1,263.4147 | 5,533.9342 | 258.9607 | 4,600.732 | -4.2692 | -746.4644 | 3,747.4623 | -8,800.4013 | -22,156.5589 | 6,022.5694 | 3,755.606 | 6,009.0368 | 1,502.3096 | -1,175.0244 | -277.0827 |
| Solutions, support and customer success: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 69,282.284 | 65,313.6192 | 74,615.3621 | 71,399.9408 | 77,266.9323 | 80,438.9828 | 72,218.0166 | 58,681.5099 | 81,735.2513 | 85,448.703 | 87,359.5369 | 83,487.8761 | 97,280.7797 | 91,919.1188 | 96,174.4374 | 98,053.8666 | 97,231.6967 | 101,645.5677 | 89,099.7045 | 75,744.5226 | 103,923.6136 | 101,656.6386 | 103,910.07 | 99,403.3429 | 907,248.0149 | 1,156,043.3591 | |
| Sales and marketing: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 7,181.6878 | 593.9679 | 5,727.1869 | 9.4792 | -1,400.0323 | 4,102.8623 | -8,851.1514 | -29,845.6841 | 7,263.996 | 4,396.091 | 7,755.1928 | 1,932.5464 | 8,382.4814 | 412.6493 | 7,324.3507 | -6.559 | -1,147.1811 | 5,760.8249 | -13,528.4654 | -34,060.2443 | 9,258.2144 | 5,773.3175 | 9,237.4114 | 2,309.4303 | -1,133.8574 | -283.7697 |
| Sales and marketing: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 117,339.0478 | 119,737.0079 | 124,740.4869 | 126,309.3992 | 124,729.2477 | 130,210.2323 | 112,235.7286 | 91,370.3059 | 126,604.1632 | 121,747.2554 | 134,524.5453 | 128,578.0791 | 148,335.1641 | 147,467.5047 | 154,102.9736 | 151,514.7168 | 150,299.6543 | 157,129.8568 | 137,843.1039 | 117,312.5794 | 160,630.9749 | 157,146.0582 | 160,610.1535 | 153,682.1727 | 1,458,125.4992 | 1,796,074.9128 | |
| General and administrative: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 4,191.9945 | 321.8256 | 3,411.1505 | 5.2991 | -782.7215 | 2,295.385 | -5,173.4728 | -17,425.1466 | 4,273.0552 | 2,612.3047 | 4,269.4578 | 1,064.9979 | 4,309.3501 | 201.8466 | 3,589.4145 | -3.1102 | -544.2647 | 2,734.5997 | -6,982.6771 | -17,570.5274 | 4,773.4593 | 2,976.6967 | 4,762.7846 | 1,190.736 | -935.8706 | -561.6919 |
| General and administrative: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 68,558.4545 | 64,835.6856 | 74,115.9405 | 70,456.6091 | 69,660.2685 | 72,774.625 | 65,278.1072 | 53,117.7534 | 74,269.6485 | 72,142.2541 | 73,805.65 | 70,604.2594 | 75,965.3574 | 71,857.8332 | 75,245.4017 | 71,652.8771 | 71,111.7226 | 74,390.587 | 70,892.7763 | 60,263.463 | 82,566.263 | 80,770.0514 | 82,556.4102 | 78,984.3561 | 829,619.2558 | 896,257.0991 | |
| Commissions earned | COMMISSIONS (account executives; expensed, IFRS 15.94) | A: statements; F: rate x commitments signed | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 12,960 | 25,032 | 21,600 | 7,200 | 0 | 42,192 | 5,400 | 37,422 | 8,100 | 35,160 | 33,120 | 8,640 | 12,420 | 24,492 | 20,772 | 7,176 | 207,792 | 234,894 |
| Employer contributions on commissions earned (accrued) | COMMISSIONS (account executives; expensed, IFRS 15.94) | marginal rates | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 5,951.4912 | 11,495.195 | 9,919.152 | 3,306.384 | 0 | 19,375.4102 | 2,479.788 | 17,184.9308 | 3,719.682 | 16,146.1752 | 15,209.3664 | 3,967.6608 | 5,703.5124 | 11,247.2162 | 9,538.9178 | 3,295.3627 | 95,422.2422 | 107,868.0227 |
| COMMISSION COST (in sales and marketing) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 44,652.132 | 0 | 54,282.984 | 0 | 44,652.132 | 49,029.792 | 13,132.98 | 18,911.4912 | 36,527.195 | 31,519.152 | 10,506.384 | 0 | 61,567.4102 | 7,879.788 | 54,606.9308 | 11,819.682 | 51,306.1752 | 48,329.3664 | 12,607.6608 | 18,123.5124 | 35,739.2162 | 30,310.9178 | 10,471.3627 | 303,214.2422 | 342,762.0227 | |
| Commissions paid (gross, with the next payroll) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 12,960 | 25,032 | 21,600 | 7,200 | 0 | 42,192 | 5,400 | 37,422 | 8,100 | 35,160 | 33,120 | 8,640 | 12,420 | 24,492 | 20,772 | 200,592 | 234,918 | |
| URSSAF on commissions paid (employer and employee) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 12,557.0925 | 0 | 15,265.485 | 0 | 12,557.0925 | 13,788.18 | 3,693.2625 | 5,318.298 | 10,272.1941 | 8,863.83 | 2,954.61 | 0 | 17,314.0146 | 2,215.9575 | 15,356.5855 | 3,323.9363 | 14,428.3455 | 13,591.206 | 3,545.532 | 5,096.7023 | 10,050.5984 | 8,524.0498 | 82,315.4346 | 96,401.5378 | |
| Agirc-Arrco on commissions paid (employer and employee) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 7,558.2 | 0 | 9,188.4 | 0 | 7,558.2 | 8,299.2 | 2,223 | 3,201.12 | 6,182.904 | 5,335.2 | 1,778.4 | 0 | 10,421.424 | 1,333.8 | 9,243.234 | 2,000.7 | 8,684.52 | 8,180.64 | 2,134.08 | 3,067.74 | 6,049.524 | 5,130.684 | 49,546.224 | 58,024.746 | |
| Income tax withheld on commissions paid | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 3,049.0452 | 0 | 3,706.6824 | 0 | 3,049.0452 | 3,347.9712 | 896.778 | 1,291.3603 | 2,494.2385 | 2,152.2672 | 717.4224 | 0 | 4,204.0953 | 538.0668 | 3,728.8029 | 807.1002 | 3,503.4127 | 3,300.143 | 860.9069 | 1,237.5536 | 2,440.4319 | 2,069.7636 | 19,987.3881 | 23,407.6994 | |
| Commissions paid, net | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 21,487.7943 | 0 | 26,122.4166 | 0 | 21,487.7943 | 23,594.4408 | 6,319.9395 | 9,100.7129 | 17,577.8584 | 15,167.8548 | 5,055.9516 | 0 | 29,627.8764 | 3,791.9637 | 26,278.3084 | 5,687.9456 | 24,689.897 | 23,257.3774 | 6,067.1419 | 8,721.5165 | 17,198.662 | 14,586.4204 | 140,858.8116 | 164,963.0608 | |
| Commissions payable | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 12,960 | 25,032 | 21,600 | 7,200 | 0 | 42,192 | 5,400 | 37,422 | 8,100 | 35,160 | 33,120 | 8,640 | 12,420 | 24,492 | 20,772 | 7,176 | 7,200 | 7,176 | |
| Employer contributions accrued on commissions | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 5,951.4912 | 11,495.195 | 9,919.152 | 3,306.384 | 0 | 19,375.4102 | 2,479.788 | 17,184.9308 | 3,719.682 | 16,146.1752 | 15,209.3664 | 3,967.6608 | 5,703.5124 | 11,247.2162 | 9,538.9178 | 3,295.3627 | 3,306.384 | 3,295.3627 | |
| URSSAF due for the month (employer and employee, incl. commissions paid) | PAYROLL LIABILITIES AND PAYMENTS | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.37 | 254,250.725 | 241,473.55 | 252,464.9125 | 250,288.55 | 237,866.3039 | 242,662.7457 | 250,832.3431 | 249,341.3013 | 266,326.4264 | 265,757.2827 | 286,238.359 | 275,075.7255 | 288,134.7434 | 279,143.6906 | 292,461.0215 | 291,584.156 | 284,902.5694 | 286,425.9823 | 291,352.0516 | 289,825.9669 | 2,909,784.204 | 3,397,227.9753 | |
| URSSAF paid (5th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 213,682.42 | 219,057.13 | 226,130.17 | 245,947.1 | 239,469.37 | 254,250.73 | 241,473.55 | 252,464.91 | 250,288.55 | 237,866.3039 | 242,662.7457 | 250,832.3431 | 249,341.3013 | 266,326.4264 | 265,757.2827 | 286,238.359 | 275,075.7255 | 288,134.7434 | 279,143.6906 | 292,461.0215 | 291,584.156 | 284,902.5694 | 286,425.9823 | 291,352.0516 | 2,874,125.3227 | 3,356,743.3098 |
| URSSAF PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.3725 | 254,250.7275 | 241,473.5475 | 252,464.91 | 250,288.55 | 237,866.3039 | 242,662.7457 | 250,832.3431 | 249,341.3013 | 266,326.4264 | 265,757.2827 | 286,238.359 | 275,075.7255 | 288,134.7434 | 279,143.6906 | 292,461.0215 | 291,584.156 | 284,902.5694 | 286,425.9823 | 291,352.0516 | 289,825.9669 | 249,341.3013 | 289,825.9669 | |
| Income tax withheld in the month (incl. commissions) | PAYROLL LIABILITIES AND PAYMENTS | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.8 | 50,719.3824 | 47,540.26 | 50,425.2852 | 50,082.2612 | 47,171.6485 | 48,037.8305 | 49,867.1374 | 49,510.7703 | 52,547.1444 | 52,165.4497 | 56,992.9139 | 53,777.63 | 56,956.9909 | 54,572.5269 | 57,545.728 | 57,336.1789 | 55,556.4213 | 55,927.618 | 57,125.043 | 56,754.4657 | 578,453.0407 | 667,258.1107 | |
| Withholding paid (5th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 42,455.68 | 43,544.32 | 45,112.36 | 49,245.99 | 47,195.8 | 50,719.38 | 47,540.26 | 50,425.29 | 50,082.254 | 47,171.6485 | 48,037.8305 | 49,867.1374 | 49,510.7703 | 52,547.1444 | 52,165.4497 | 56,992.9139 | 53,777.63 | 56,956.9909 | 54,572.5269 | 57,545.728 | 57,336.1789 | 55,556.4213 | 55,927.618 | 57,125.043 | 571,397.9504 | 660,014.4153 |
| INCOME TAX WITHHELD PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.7952 | 50,719.3776 | 47,540.2576 | 50,425.2828 | 50,082.254 | 47,171.6485 | 48,037.8305 | 49,867.1374 | 49,510.7703 | 52,547.1444 | 52,165.4497 | 56,992.9139 | 53,777.63 | 56,956.9909 | 54,572.5269 | 57,545.728 | 57,336.1789 | 55,556.4213 | 55,927.618 | 57,125.043 | 56,754.4657 | 49,510.7703 | 56,754.4657 | |
| Agirc-Arrco and schemes due for the month (incl. commissions) | PAYROLL LIABILITIES AND PAYMENTS | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,331.152 | 88,416.437 | 87,542.0198 | 92,315.4417 | 91,238.9334 | 102,773.8929 | 94,754.3317 | 102,639.5382 | 96,395.9312 | 103,661.6742 | 103,145.6942 | 98,278.8436 | 99,202.7591 | 102,174.7871 | 101,256.1097 | 1,017,352.0232 | 1,187,837.9371 | |
| Agirc-Arrco and schemes paid (25th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 73,047.74 | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,331.152 | 88,416.437 | 87,542.0198 | 92,315.4417 | 91,238.9334 | 102,773.8929 | 94,754.3317 | 102,639.5382 | 96,395.9312 | 103,661.6742 | 103,145.6942 | 98,278.8436 | 99,202.7591 | 102,174.7871 | 1,002,857.7434 | 1,174,123.8471 |
| AGIRC-ARRCO AND SCHEMES PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,331.152 | 88,416.437 | 87,542.0198 | 92,315.4417 | 91,238.9334 | 102,773.8929 | 94,754.3317 | 102,639.5382 | 96,395.9312 | 103,661.6742 | 103,145.6942 | 98,278.8436 | 99,202.7591 | 102,174.7871 | 101,256.1097 | 87,542.0198 | 101,256.1097 | |
| Net pay (salaries and commissions, last working day) | PAYROLL LIABILITIES AND PAYMENTS | 302,359.56 | 312,200.5 | 343,472.8843 | 331,656.04 | 356,044.8666 | 334,078.46 | 353,129.1243 | 351,637.3708 | 330,112.7492 | 337,278.4714 | 350,158.3796 | 347,634.7726 | 369,620.3632 | 367,906.0003 | 401,899.9094 | 381,758.6669 | 404,128.1885 | 387,683.3408 | 409,764.2171 | 408,277.1717 | 395,725.416 | 398,341.5149 | 406,780.292 | 404,168.6898 | 4,049,763.1788 | 4,736,053.7705 | |
| Gross salaries | TOTALS AND RESEARCH TIME | 435,574.46 | 449,951.83 | 463,804.02 | 476,814.76 | 474,666.9 | 480,553.96 | 477,258.13 | 471,682.2 | 465,992.3611 | 472,121.4884 | 478,452.6854 | 478,291.3608 | 524,291.808 | 528,935.1855 | 535,213.8745 | 542,980.98 | 542,819.1829 | 548,718.2441 | 552,963.4579 | 552,886.7427 | 559,554.0794 | 559,499.0528 | 559,443.9041 | 559,444.8233 | 5,625,164.1557 | 6,566,751.3355 | |
| Payroll cost (all departments, excl. commissions) | TOTALS AND RESEARCH TIME | 681,595.8329 | 664,661.8368 | 714,088.0384 | 700,292.1493 | 689,726.6772 | 728,454.0942 | 649,991.54 | 522,471.8736 | 725,891.4395 | 719,259.4414 | 745,575.9079 | 713,189.0999 | 816,291.8982 | 779,240.8284 | 825,441.4988 | 797,452.1909 | 791,238.9418 | 836,518.7952 | 739,847.011 | 630,064.6508 | 871,909.2295 | 852,984.179 | 871,624.3008 | 834,177.5893 | 8,255,197.9312 | 9,646,791.1138 | |
| RGDU reduction (memo) | TOTALS AND RESEARCH TIME | 3,411.62 | 3,411.62 | 3,690.74 | 3,803.18 | 3,920.86 | 4,204.2 | 3,944.56 | 3,944.56 | 3,895.0219 | 3,990.1094 | 3,989.6562 | 3,988.528 | 4,094.0748 | 4,211.4401 | 4,207.9154 | 4,606.5965 | 4,600.6004 | 4,594.6445 | 4,750.1902 | 4,749.2434 | 4,748.2103 | 4,748.2228 | 4,748.2296 | 4,748.2295 | 46,194.6556 | 54,807.5975 | |
| CIR-ELIGIBLE PERSONNEL COST | TOTALS AND RESEARCH TIME | A: time records; F: bands x research share | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 222,163.341 | 226,951.1505 | 226,926.8098 | 226,887.1142 | 250,877.9728 | 250,735.1123 | 257,431.45 | 257,376.8377 | 257,321.49 | 260,390.8814 | 260,365.7644 | 260,340.3954 | 267,179.1647 | 267,122.3864 | 267,065.8698 | 267,066.8139 | 2,708,569.6955 | 3,123,274.139 |
| Recruitment cost of hires | TOTALS AND RESEARCH TIME | hires x cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 13,525 | 5,955.1458 | 43,542.4384 | 13,667.5265 | 13,664.6288 | 21,568.8311 | 6,689.0892 | 14,244.7836 | 14,461.0863 | 6,957.4427 | 14,516.776 | 7,066.3549 | 7,065.5516 | 7,127.7269 | 34,480.1458 | 170,572.236 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eligible personnel costs (research time) | People | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 222,163.341 | 226,951.1505 | 226,926.8098 | 226,887.1142 | 250,877.9728 | 250,735.1123 | 257,431.45 | 257,376.8377 | 257,321.49 | 260,390.8814 | 260,365.7644 | 260,340.3954 | 267,179.1647 | 267,122.3864 | 267,065.8698 | 267,066.8139 | 2,708,569.6955 | 3,123,274.139 | |
| Operating costs at the flat rate | personnel x 40% | 84,962.484 | 88,683.324 | 89,600.692 | 92,989.472 | 91,727.488 | 91,953.608 | 92,325.288 | 90,014.156 | 88,865.3364 | 90,780.4602 | 90,770.7239 | 90,754.8457 | 100,351.1891 | 100,294.0449 | 102,972.58 | 102,950.7351 | 102,928.596 | 104,156.3526 | 104,146.3058 | 104,136.1582 | 106,871.6659 | 106,848.9546 | 106,826.3479 | 106,826.7256 | 1,083,427.8782 | 1,249,309.6556 | |
| Eligible base | 297,368.694 | 310,391.634 | 313,602.422 | 325,463.152 | 321,046.208 | 321,837.628 | 323,138.508 | 315,049.546 | 311,028.6774 | 317,731.6107 | 317,697.5337 | 317,641.9599 | 351,229.162 | 351,029.1572 | 360,404.03 | 360,327.5728 | 360,250.086 | 364,547.234 | 364,512.0702 | 364,476.5536 | 374,050.8306 | 373,971.341 | 373,892.2177 | 373,893.5395 | 3,791,997.5737 | 4,372,583.7946 | ||
| CIR ACCRUED (other operating income) | base x 30% | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,308.6032 | 95,319.4832 | 95,309.2601 | 95,292.588 | 105,368.7486 | 105,308.7471 | 108,121.209 | 108,098.2718 | 108,075.0258 | 109,364.1702 | 109,353.621 | 109,342.9661 | 112,215.2492 | 112,191.4023 | 112,167.6653 | 112,168.0619 | 1,137,599.2721 | 1,311,775.1384 | |
| Refunded | A: bank; F: FY2026 claim in the driver month | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,137,599.2721 | 0 | 0 | 0 | 935,770 | 1,137,599.2721 | |
| CIR RECEIVABLE | opening + accrued - refunded | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,242,968.0207 | 1,348,276.7678 | 1,456,397.9769 | 1,564,496.2487 | 1,672,571.2745 | 1,781,935.4447 | 1,891,289.0657 | 2,000,632.0318 | 975,248.0089 | 1,087,439.4112 | 1,199,607.0765 | 1,311,775.1384 | 1,137,599.2721 | 1,311,775.1384 | |
| of which FY2025 claim | 935,770 | 935,770 | 935,770 | 935,770 | 935,770 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| of which FY2026 claim | 89,210.6082 | 182,328.0984 | 276,408.825 | 374,047.7706 | 470,361.633 | 566,912.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 0 | 0 | 0 | 0 | 1,137,599.2721 | 0 | ||
| of which FY2027 claim | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 105,368.7486 | 210,677.4957 | 318,798.7048 | 426,896.9766 | 534,972.0024 | 644,336.1726 | 753,689.7936 | 863,032.7597 | 975,248.0089 | 1,087,439.4112 | 1,199,607.0765 | 1,311,775.1384 | 0 | 1,311,775.1384 | ||
| Check: receivable less the claims open (must be zero) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CIR as a share of research and development payroll cost | 20.92% | 22.45% | 21.35% | 22.6% | 23.04% | 21.7% | 24.22% | 29.6% | 21.05% | 21.67% | 21.19% | 22.13% | 21.3% | 22.5% | 21.63% | 22.7% | 22.87% | 21.73% | 24.74% | 29.02% | 21.38% | 21.85% | 21.38% | 22.34% | 22.48% | 22.62% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest received on deposits | A: bank; F: prior month-end cash x rate / 12 | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,538.5452 | 12,712.8582 | 12,150.7857 | 11,689.7801 | 10,747.8255 | 10,112.7177 | 9,634.361 | 8,736.9673 | 8,162.5729 | 7,690.9143 | 6,825.955 | 6,107.687 | 7,280.3332 | 6,443.8996 | 5,826.2554 | 180,593.5625 | 99,259.2689 | |
| Share capital | opening balance | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
| Share premium | opening balance | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DOCUMENT AI | Revenue | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 303,373.5654 | 243,971.9664 | 254,362.8173 | 260,326.5832 | 282,210.0161 | 276,262.6631 | 337,526.8012 | 287,259.3948 | 297,502.1541 | 331,010.1637 | 302,674.415 | 306,941.6411 | 344,667.0934 | 352,610.9297 | 349,504.1983 | 330,992.3654 | 2,878,561.6568 | 3,799,161.8358 |
| Compute | DOCUMENT AI | Unit_Costs | -29,218.7432 | -28,593.8973 | -28,374.4554 | -29,548.2927 | -29,882.1959 | -32,083.5187 | -33,258.7297 | -32,832.4159 | -33,389.3424 | -33,238.5994 | -34,299.4906 | -35,308.4048 | -39,222.6962 | -39,840.1939 | -40,989.9834 | -40,860.7133 | -41,961.0843 | -41,810.1246 | -42,412.9337 | -42,732.0512 | -43,766.1516 | -44,078.3167 | -44,694.7093 | -45,266.4305 | -380,028.0858 | -507,635.3887 |
| Card fees | DOCUMENT AI | by Developer and Team revenue on the product | -2,421.6166 | -2,482.9083 | -2,611.497 | -2,565.4135 | -2,693.6643 | -2,749.5619 | -2,771.2501 | -2,722.2782 | -2,923.6919 | -3,007.0735 | -3,054.016 | -3,059.6294 | -3,221.0698 | -3,259.0949 | -3,351.5235 | -3,369.2147 | -3,426.7203 | -3,496.6628 | -3,476.4396 | -3,393.9702 | -3,739.4335 | -3,838.5204 | -3,882.4003 | -3,883.6124 | -33,062.6009 | -42,338.6623 |
| Solutions, support and success | DOCUMENT AI | by revenue | -30,448.7002 | -28,114.3938 | -31,596.7552 | -31,443.3008 | -33,801.5515 | -35,847.3919 | -30,749.5329 | -24,286.3435 | -37,469.1426 | -36,995.2864 | -37,941.0409 | -36,349.7051 | -42,824.3564 | -40,109.3117 | -42,848.7636 | -42,731.4566 | -42,437.1929 | -41,847.0847 | -38,884.1069 | -32,719.9837 | -46,614.041 | -45,029.648 | -46,375.5628 | -43,542.3313 | -395,043.1448 | -505,963.8395 |
| GROSS MARGIN | DOCUMENT AI | 156,098.7745 | 145,225.0643 | 154,729.3802 | 151,776.9396 | 162,669.8964 | 182,547.871 | 174,602.1043 | 177,778.2857 | 229,591.3886 | 170,731.0071 | 179,068.2698 | 185,608.844 | 196,941.8938 | 193,054.0625 | 250,336.5307 | 200,298.0103 | 209,677.1565 | 243,856.2915 | 217,900.9348 | 228,095.6359 | 250,547.4674 | 259,664.4446 | 254,551.5259 | 238,299.9912 | 2,070,427.8254 | 2,743,223.9452 | |
| Gross margin % | DOCUMENT AI | 71.54% | 71.04% | 71.2% | 70.48% | 71.02% | 72.09% | 72.33% | 74.82% | 75.68% | 69.98% | 70.4% | 71.3% | 69.79% | 69.88% | 74.17% | 69.73% | 70.48% | 73.67% | 71.99% | 74.31% | 72.69% | 73.64% | 72.83% | 72% | 71.93% | 72.21% | |
| Revenue | VOICE AI | Revenue | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 178,375.0124 | 165,712.8607 | 172,420.5442 | 175,042.7713 | 187,878.0983 | 185,589.9505 | 215,006.9767 | 194,039.8819 | 200,489.8027 | 258,800.8353 | 203,754.9433 | 211,829.5042 | 217,692.6229 | 234,463.5283 | 222,605.9245 | 222,576.7258 | 1,930,242.8193 | 2,554,728.7943 |
| Compute | VOICE AI | Unit_Costs | -55,381.5871 | -55,758.8854 | -57,349.4734 | -55,520.9056 | -59,174.7247 | -60,118.8238 | -67,183.4469 | -67,017.0168 | -67,223.2486 | -56,435.8949 | -58,433.5645 | -59,722.3918 | -67,188.8897 | -68,750.8348 | -71,204.9491 | -71,420.4483 | -73,398.9171 | -74,546.7769 | -74,407.4701 | -75,213.0277 | -76,177.4614 | -77,635.3897 | -78,690.35 | -80,296.1152 | -719,319.9634 | -888,930.6299 |
| Card fees | VOICE AI | by Developer and Team revenue on the product | -1,492.8073 | -1,529.6067 | -1,609.341 | -1,580.8343 | -1,660.7952 | -1,695.1434 | -1,708.0121 | -1,678.1981 | -1,801.4749 | -1,852.3551 | -1,880.5894 | -1,884.6538 | -1,982.2367 | -2,005.8854 | -2,062.1433 | -2,072.9418 | -2,107.4509 | -2,151.3453 | -2,138.2071 | -2,087.7081 | -2,299.3504 | -2,359.4384 | -2,385.8326 | -2,386.2489 | -20,373.8112 | -26,038.7889 |
| Solutions, support and success | VOICE AI | by revenue | -20,089.9954 | -18,945.734 | -23,089.8956 | -20,433.7083 | -21,756.4679 | -23,392.6118 | -21,401.0283 | -18,148.6599 | -22,030.7882 | -25,128.2753 | -25,718.4402 | -24,441.4267 | -28,509.8267 | -26,944.9555 | -27,294.9676 | -28,864.5278 | -28,598.8667 | -32,718.2113 | -26,176.0776 | -22,581.0284 | -29,441.5482 | -29,941.812 | -29,537.485 | -29,280.1603 | -264,577.0318 | -339,889.4672 |
| GROSS MARGIN | VOICE AI | 66,995.5355 | 61,517.8515 | 76,755.9956 | 62,401.2295 | 64,834.9849 | 80,040.3753 | 77,704.0425 | 90,723.913 | 87,319.5006 | 82,296.3353 | 86,387.9501 | 88,994.299 | 90,197.1453 | 87,888.2748 | 114,444.9167 | 91,681.9641 | 96,384.568 | 149,384.5018 | 101,033.1884 | 111,947.7399 | 109,774.263 | 124,526.8882 | 111,992.2569 | 110,614.2014 | 925,972.0129 | 1,299,869.9083 | |
| Gross margin % | VOICE AI | 46.54% | 44.66% | 48.33% | 44.59% | 43.98% | 48.44% | 46.25% | 51.09% | 48.95% | 49.66% | 50.1% | 50.84% | 48.01% | 47.36% | 53.23% | 47.25% | 48.07% | 57.72% | 49.59% | 52.85% | 50.43% | 53.11% | 50.31% | 49.7% | 47.97% | 50.88% | |
| Revenue | AGENT WORKSPACE | Revenue | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 180,031.0338 | 153,821.7735 | 158,888.9717 | 162,547.8359 | 170,986.5615 | 171,262.7272 | 205,048.1802 | 177,861.3665 | 183,642.1761 | 214,204.7699 | 187,123.9494 | 191,777.7442 | 206,057.891 | 208,962.0069 | 210,996.4002 | 202,057.5976 | 1,806,423.6687 | 2,329,981.3708 |
| Compute | AGENT WORKSPACE | Unit_Costs | -44,474.0562 | -45,228.0644 | -44,559.7635 | -44,351.4699 | -48,143.6214 | -48,327.9693 | -52,026.2253 | -52,138.182 | -52,816.8231 | -41,630.8933 | -42,867.7047 | -44,132.2483 | -49,496.4105 | -50,721.4905 | -52,024.3304 | -52,477.0635 | -54,017.5987 | -54,531.1179 | -55,116.8742 | -55,545.6266 | -56,492.4561 | -57,301.4821 | -58,258.0061 | -59,128.8478 | -560,697.0215 | -655,111.3045 |
| Card fees | AGENT WORKSPACE | by Developer and Team revenue on the product | -1,725.5561 | -1,750.535 | -1,851.012 | -1,816.3022 | -1,924.8005 | -1,962.5447 | -1,968.4778 | -1,940.7037 | -2,067.4128 | -2,116.9382 | -2,137.022 | -2,152.4986 | -2,230.7295 | -2,261.7793 | -2,313.9639 | -2,324.532 | -2,347.6447 | -2,412.2708 | -2,385.0992 | -2,332.7821 | -2,553.8888 | -2,605.6055 | -2,624.416 | -2,618.9921 | -23,413.8036 | -29,011.704 |
| Solutions, support and success | AGENT WORKSPACE | by revenue | -18,743.5884 | -18,253.4914 | -19,928.7113 | -19,522.9316 | -21,708.9129 | -21,198.9791 | -20,067.4555 | -16,246.5064 | -22,235.3205 | -23,325.1412 | -23,700.0558 | -22,696.7443 | -25,946.5966 | -24,864.8516 | -26,030.7062 | -26,457.8823 | -26,195.6371 | -27,080.2717 | -24,039.52 | -20,443.5105 | -27,868.0244 | -26,685.1786 | -27,997.0222 | -26,580.8513 | -247,627.8384 | -310,190.0524 |
| GROSS MARGIN | AGENT WORKSPACE | 69,368.7054 | 67,486.7765 | 70,723.6334 | 68,008.6792 | 75,327.3935 | 78,261.4951 | 83,465.9206 | 88,631.5895 | 102,911.4774 | 86,748.8008 | 90,184.1891 | 93,566.3446 | 93,312.8249 | 93,414.6059 | 124,679.1796 | 96,601.8886 | 101,081.2956 | 130,181.1095 | 105,582.4561 | 113,455.825 | 119,143.5216 | 122,369.7408 | 122,116.9559 | 113,728.9064 | 974,685.0052 | 1,335,668.3098 | |
| Gross margin % | AGENT WORKSPACE | 51.65% | 50.85% | 51.6% | 50.87% | 51.21% | 52.26% | 52.98% | 55.76% | 57.16% | 56.4% | 56.76% | 57.56% | 54.57% | 54.54% | 60.8% | 54.31% | 55.04% | 60.77% | 56.42% | 59.16% | 57.82% | 58.56% | 57.88% | 56.29% | 53.96% | 57.33% | |
| Developer: revenue | BY SEGMENT | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,113.7804 | 95,687.1101 | 101,214.1829 | 99,148.4957 | 111,475.371 | 111,811.665 | 117,330.7937 | 119,396.0583 | 126,101.3305 | 122,409.4371 | 127,598.9005 | 126,499.4176 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,053,571.2182 | 1,531,023.4287 | |
| Developer: compute | BY SEGMENT | product compute cost x segment share of the product units | -15,732.717 | -16,086.6893 | -17,168.2208 | -16,588.8997 | -17,168.4658 | -17,665.0589 | -18,084.6101 | -18,005.0869 | -18,783.2728 | -16,809.2801 | -17,345.5799 | -17,698.9666 | -20,224.9465 | -20,784.6533 | -21,509.1569 | -21,929.9959 | -22,381.4588 | -22,963.3862 | -23,158.2632 | -22,974.032 | -24,112.1409 | -25,241.4905 | -26,122.5767 | -26,700.8884 | -207,136.848 | -278,102.9894 |
| Developer: card fees | BY SEGMENT | -1,656.2457 | -1,776.8834 | -1,827.5703 | -1,803.9354 | -1,819.6032 | -1,866.6188 | -1,921.5414 | -1,858.062 | -2,066.6004 | -2,165.268 | -2,253.6506 | -2,209.1666 | -2,474.554 | -2,483.9105 | -2,604.7121 | -2,625.3929 | -2,739.939 | -2,725.512 | -2,765.4124 | -2,681.8605 | -3,023.644 | -3,170.9467 | -3,253.4076 | -3,280.7104 | -23,225.1459 | -33,830.002 | |
| Developer: solutions, support and success | BY SEGMENT | by revenue | -10,537.735 | -11,272.6667 | -11,957.9845 | -12,270.0216 | -12,133.7779 | -12,130.0616 | -11,254.1589 | -8,831.6272 | -11,253.3049 | -14,509.7492 | -15,097.2201 | -13,844.2203 | -16,915.9872 | -16,233.4239 | -14,895.0525 | -17,760.8377 | -17,987.7235 | -15,475.2894 | -16,392.4304 | -13,484.8399 | -18,036.7034 | -17,920.9781 | -19,324.9097 | -19,609.398 | -145,092.528 | -204,037.5737 |
| Developer: GROSS MARGIN | BY SEGMENT | 47,584.0982 | 52,825.9192 | 51,289.308 | 53,366.2405 | 51,099.5021 | 54,025.8167 | 57,084.0256 | 57,714.4966 | 59,010.6023 | 62,202.8127 | 66,517.7322 | 65,396.1421 | 71,859.8833 | 72,309.6773 | 78,321.8722 | 77,079.8318 | 82,992.2091 | 81,245.2496 | 85,282.7945 | 87,358.6852 | 88,192.0087 | 93,999.2995 | 96,939.1082 | 99,472.2443 | 678,116.6963 | 1,015,052.8636 | |
| Developer: gross margin % | BY SEGMENT | 63.02% | 64.45% | 62.36% | 63.51% | 62.15% | 63.05% | 64.62% | 66.79% | 64.77% | 65.01% | 65.72% | 65.96% | 64.46% | 64.67% | 66.75% | 64.56% | 65.81% | 66.37% | 66.84% | 69.06% | 66.13% | 66.98% | 66.56% | 66.73% | 64.36% | 66.3% | |
| Team: revenue | BY SEGMENT | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 208,362.4004 | 212,611.1586 | 216,381.1795 | 219,358.601 | 223,418.0776 | 227,000.6751 | 230,764.8872 | 233,812.7805 | 236,646.704 | 239,597.4906 | 241,517.3899 | 242,097.1917 | 245,634.3128 | 249,275.8757 | 252,442.7447 | 254,813.0968 | 2,433,455.8095 | 2,877,021.2266 | |
| Team: compute | BY SEGMENT | product compute cost x segment share of the product units | -40,179.5892 | -39,705.6926 | -42,315.1452 | -40,950.5071 | -44,517.9067 | -45,511.8586 | -45,607.9204 | -45,475.7387 | -45,242.3945 | -38,362.8271 | -38,808.6192 | -39,206.9851 | -43,704.3737 | -44,180.1025 | -44,848.7755 | -45,218.5163 | -45,636.5006 | -46,108.4557 | -46,328.2572 | -46,385.8959 | -46,932.4115 | -47,408.4077 | -47,913.5181 | -48,296.4044 | -505,885.1844 | -552,961.6191 |
| Team: card fees | BY SEGMENT | -3,983.7343 | -3,986.1666 | -4,244.2797 | -4,158.6146 | -4,459.6568 | -4,540.6312 | -4,526.1986 | -4,483.118 | -4,725.9792 | -4,811.0988 | -4,817.9768 | -4,887.6152 | -4,959.482 | -5,042.8491 | -5,122.9186 | -5,141.2955 | -5,141.877 | -5,334.767 | -5,234.3334 | -5,132.5999 | -5,569.0287 | -5,632.6176 | -5,639.2414 | -5,608.143 | -53,625.0698 | -63,559.1533 | |
| Team: solutions, support and success | BY SEGMENT | by revenue | -25,346.2009 | -25,288.5068 | -27,770.7685 | -28,286.0972 | -29,738.6181 | -29,506.9014 | -26,509.2166 | -21,308.8834 | -25,734.4785 | -32,239.8136 | -32,275.6575 | -30,629.2978 | -33,902.8909 | -32,957.1891 | -29,295.4221 | -34,780.971 | -33,756.4676 | -30,290.4792 | -31,027.3599 | -25,807.5644 | -33,220.4848 | -31,833.4005 | -33,496.52 | -33,520.8827 | -334,634.4402 | -383,889.6321 |
| Team: GROSS MARGIN | BY SEGMENT | 112,115.0656 | 114,889.224 | 116,668.0165 | 120,317.1711 | 122,799.7284 | 128,879.3087 | 131,452.1044 | 137,219.9 | 132,659.5482 | 137,197.4192 | 140,478.926 | 144,634.7029 | 140,851.3311 | 144,820.5344 | 151,497.7711 | 148,671.9977 | 152,111.8587 | 157,863.7887 | 158,927.4395 | 164,771.1314 | 159,912.3879 | 164,401.4499 | 165,393.4653 | 167,387.6665 | 1,539,311.115 | 1,876,610.8221 | |
| Team: gross margin % | BY SEGMENT | 61.73% | 62.48% | 61.08% | 62.11% | 60.94% | 61.83% | 63.17% | 65.82% | 63.67% | 64.53% | 64.92% | 65.94% | 63.04% | 63.8% | 65.65% | 63.59% | 64.28% | 65.89% | 65.8% | 68.06% | 65.1% | 65.95% | 65.52% | 65.69% | 63.26% | 65.23% | |
| Enterprise: revenue | BY SEGMENT | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 362,303.4308 | 255,208.3319 | 268,076.9709 | 279,410.0937 | 306,181.2273 | 294,303.0007 | 409,486.2771 | 305,951.8044 | 318,886.0984 | 442,008.8411 | 324,437.0173 | 341,952.2802 | 389,418.7975 | 406,427.8745 | 385,023.7762 | 351,750.351 | 3,128,201.1172 | 4,275,827.3456 | |
| Enterprise: compute | BY SEGMENT | product compute cost x segment share of the product units | -73,162.0804 | -73,788.4652 | -70,800.3263 | -71,881.2613 | -75,514.1694 | -77,353.3943 | -88,775.8714 | -88,506.7891 | -89,403.7467 | -76,133.2803 | -79,446.5607 | -82,257.0932 | -91,978.6761 | -94,347.7634 | -97,861.3305 | -97,609.7129 | -101,359.6407 | -101,816.1775 | -102,450.7577 | -104,130.7775 | -105,391.5166 | -106,365.2903 | -107,606.9706 | -109,694.1007 | -947,023.0383 | -1,220,612.7146 |
| Enterprise: card fees | BY SEGMENT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Enterprise: solutions, support and success | BY SEGMENT | by revenue | -33,398.3481 | -28,752.4458 | -34,886.609 | -30,843.8219 | -35,394.5363 | -38,802.0198 | -34,454.6412 | -28,540.9993 | -44,747.468 | -38,699.1402 | -39,986.6593 | -39,014.3579 | -46,461.9016 | -42,728.5058 | -51,983.9628 | -45,512.058 | -45,487.5056 | -55,879.799 | -41,679.9142 | -36,452.1184 | -52,666.4255 | -51,902.26 | -51,088.6404 | -46,273.0622 | -427,521.0467 | -568,116.1533 |
| Enterprise: GROSS MARGIN | BY SEGMENT | 132,763.8516 | 106,514.549 | 134,251.6847 | 108,503.4368 | 128,933.0443 | 157,944.6159 | 147,235.9374 | 162,199.3916 | 228,152.2161 | 140,375.9114 | 148,643.7509 | 158,138.6426 | 167,740.6496 | 157,226.7315 | 259,640.9838 | 162,830.0335 | 172,038.9522 | 284,312.8645 | 180,306.3454 | 201,369.3843 | 231,360.8554 | 248,160.3242 | 226,328.1652 | 195,783.1881 | 1,753,657.0322 | 2,487,098.4776 | |
| Enterprise: gross margin % | BY SEGMENT | 55.47% | 50.95% | 55.95% | 51.37% | 53.76% | 57.62% | 54.44% | 58.08% | 62.97% | 55% | 55.45% | 56.6% | 54.78% | 53.42% | 63.41% | 53.22% | 53.95% | 64.32% | 55.58% | 58.89% | 59.41% | 61.06% | 58.78% | 55.66% | 56.06% | 58.17% | |
| Gross margin of the products | RECONCILIATION TO THE P&L | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 340,849.7414 | 335,772.0674 | 357,133.7882 | 419,822.3666 | 339,776.1432 | 355,640.409 | 368,169.4876 | 380,451.8639 | 374,356.9432 | 489,460.627 | 388,581.8629 | 407,143.02 | 523,421.9028 | 424,516.5793 | 453,499.2009 | 479,465.252 | 506,561.0736 | 488,660.7387 | 462,643.099 | 3,971,084.8435 | 5,378,762.1634 | |
| Unused committed cloud spend (not allocated) | RECONCILIATION TO THE P&L | PL | 0 | 0 | 0 | 0 | 0 | -47,755.4919 | -22,315.455 | -27,832.9607 | -1,118.0391 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -99,021.9466 | 0 |
| GROSS PROFIT | RECONCILIATION TO THE P&L | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 293,094.2495 | 313,456.6125 | 329,300.8275 | 418,704.3275 | 339,776.1432 | 355,640.409 | 368,169.4876 | 380,451.8639 | 374,356.9432 | 489,460.627 | 388,581.8629 | 407,143.02 | 523,421.9028 | 424,516.5793 | 453,499.2009 | 479,465.252 | 506,561.0736 | 488,660.7387 | 462,643.099 | 3,872,062.8968 | 5,378,762.1634 | |
| Check: products less the P&L gross profit (must be zero) | RECONCILIATION TO THE P&L | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Check: segments less products (must be zero) | RECONCILIATION TO THE P&L | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | GROWTH AND REVENUE QUALITY | PL | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 661,779.6116 | 563,506.6006 | 585,672.3332 | 597,917.1905 | 641,074.6759 | 633,115.3408 | 757,581.958 | 659,160.6431 | 681,634.1329 | 804,015.7689 | 693,553.3077 | 710,548.8894 | 768,417.6074 | 796,036.4649 | 783,106.523 | 755,626.6889 | 6,615,228.1449 | 8,683,872.0009 |
| Revenue growth on the same month a year earlier | GROWTH AND REVENUE QUALITY | Revenue | 50.64% | 48.95% | 46.71% | 45.37% | 46.64% | 33.32% | 50.53% | 35.27% | 36.13% | 21.57% | 35.12% | 34.79% | 29.13% | 33.32% | 47.63% | 34.81% | 30.19% | 41.5% | 22.34% | 23.76% | 16.11% | 41.26% | 33.71% | 26.38% | ||
| Revenue: Developer | GROWTH AND REVENUE QUALITY | PL | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,113.7804 | 95,687.1101 | 101,214.1829 | 99,148.4957 | 111,475.371 | 111,811.665 | 117,330.7937 | 119,396.0583 | 126,101.3305 | 122,409.4371 | 127,598.9005 | 126,499.4176 | 133,364.497 | 140,332.7148 | 145,640.0022 | 149,063.2411 | 1,053,571.2182 | 1,531,023.4287 |
| Revenue: Team | GROWTH AND REVENUE QUALITY | PL | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 208,362.4004 | 212,611.1586 | 216,381.1795 | 219,358.601 | 223,418.0776 | 227,000.6751 | 230,764.8872 | 233,812.7805 | 236,646.704 | 239,597.4906 | 241,517.3899 | 242,097.1917 | 245,634.3128 | 249,275.8757 | 252,442.7447 | 254,813.0968 | 2,433,455.8095 | 2,877,021.2266 |
| Revenue: Enterprise | GROWTH AND REVENUE QUALITY | PL | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 362,303.4308 | 255,208.3319 | 268,076.9709 | 279,410.0937 | 306,181.2273 | 294,303.0007 | 409,486.2771 | 305,951.8044 | 318,886.0984 | 442,008.8411 | 324,437.0173 | 341,952.2802 | 389,418.7975 | 406,427.8745 | 385,023.7762 | 351,750.351 | 3,128,201.1172 | 4,275,827.3456 |
| Pure usage revenue, share | GROWTH AND REVENUE QUALITY | Revenue | 23.04% | 25.85% | 22.37% | 23.95% | 25.65% | 22.26% | 22.84% | 22.45% | 19.66% | 25.22% | 25.06% | 29.61% | 31.54% | 27.61% | 29.83% | 33.15% | 34.28% | 20.8% | 25.54% | 24.17% | 23.62% | 25.57% | 28.61% | 31.47% | 23.95% | 27.85% |
| Enterprise net revenue retention on usage, trailing 12 months | GROWTH AND REVENUE QUALITY | Enterprise | 115.06% | 121.99% | 109.5% | 115.49% | 111.83% | 111.67% | 117.95% | 116.77% | 116.83% | 116.05% | 117.62% | 118.35% | 116.83% | 112.94% | 122.36% | 120.96% | 122.11% | 117.79% | 114.76% | 116.35% | 116.29% | 116.24% | 116.94% | 117.26% | 118.35% | 117.26% |
| Team customers | GROWTH AND REVENUE QUALITY | Team | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 386.972 | 394.0747 | 400.2619 | 404.9596 | 411.6306 | 417.3964 | 423.4709 | 428.2076 | 432.5326 | 437.0518 | 439.6746 | 439.8504 | 445.386 | 451.0867 | 455.9057 | 459.2679 | 404.9596 | 459.2679 |
| Developer credit packs sold | GROWTH AND REVENUE QUALITY | Credits | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 108,227.8217 | 112,502.0943 | 113,212.9583 | 111,499.8621 | 122,934.076 | 123,710.8563 | 129,229.6791 | 128,081.8562 | 130,598.4057 | 135,882.0412 | 131,292.7131 | 122,321.4892 | 154,306.9951 | 160,401.0857 | 161,414.6078 | 158,972.1423 | 1,151,499.7364 | 1,659,145.9476 |
| Breakage recognised | GROWTH AND REVENUE QUALITY | Credits | 8,739.2959 | 11,852.7686 | 9,229.9936 | 10,226.8573 | 8,527.2491 | 9,335.8959 | 10,244.6459 | 8,177.3327 | 9,251.0629 | 9,477.5878 | 11,663.5894 | 7,440.8418 | 15,667.5712 | 12,733.9334 | 14,677.8057 | 14,102.241 | 18,324.4472 | 11,574.3125 | 15,367.2405 | 15,011.8068 | 16,003.7396 | 16,839.9258 | 17,476.8003 | 17,887.5889 | 114,167.121 | 185,667.4128 |
| Enterprise accounts with a commitment | GROWTH AND REVENUE QUALITY | Enterprise | 13 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 16 | 19 |
| Realised price: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1364 | 9.5949 | 9.589 | 9.4735 | 9.0206 | 8.5916 | 10.2216 | 8.6065 | 8.6377 | 9.5258 | 8.6001 | 8.6223 | 9.4538 | 9.5006 | 9.2544 | 8.6097 | 10.1335 | 9.0541 |
| Realised price: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7316 | 7.0266 | 7.025 | 6.9624 | 6.5698 | 6.3076 | 7.0367 | 6.3093 | 6.3316 | 8.0796 | 6.3094 | 6.4888 | 6.5475 | 6.9005 | 6.4356 | 6.3144 | 7.4647 | 6.6351 |
| Realised price: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.876 | 16.6823 | 16.6662 | 16.513 | 15.2814 | 14.9194 | 17.3781 | 14.9242 | 14.9305 | 17.2204 | 14.8831 | 15.126 | 15.9483 | 15.897 | 15.7989 | 14.8812 | 17.5608 | 15.5983 |
| Compute cost: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 1.4329 | 1.3672 | 1.3534 | 1.3314 | 1.3233 | 1.3694 | 1.353 | 1.3359 | 1.3357 | 1.3072 | 1.293 | 1.2849 | 1.2537 | 1.239 | 1.2413 | 1.2242 | 1.2183 | 1.2032 | 1.2051 | 1.2004 | 1.2004 | 1.1876 | 1.1835 | 1.1775 | 1.3378 | 1.2098 |
| Compute cost: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 2.9714 | 2.9014 | 3.018 | 2.8498 | 2.9817 | 2.9407 | 2.9465 | 2.938 | 2.9138 | 2.393 | 2.3808 | 2.3755 | 2.3495 | 2.3366 | 2.3304 | 2.3223 | 2.318 | 2.3273 | 2.3041 | 2.3039 | 2.2912 | 2.2849 | 2.275 | 2.278 | 2.7818 | 2.3087 |
| Compute cost: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 5.8016 | 5.7414 | 5.9338 | 5.6325 | 5.9807 | 5.7771 | 5.8444 | 5.8143 | 5.8311 | 4.5149 | 4.4965 | 4.4833 | 4.4236 | 4.4186 | 4.4091 | 4.4033 | 4.3918 | 4.3839 | 4.3838 | 4.381 | 4.3724 | 4.3593 | 4.3622 | 4.3547 | 5.4507 | 4.3857 |
| Compute in cost of revenue % of revenue | PRICE AND COST TO SERVE (EUR per 1,000 units) | PL | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 23.18% | 23.3% | 23.15% | 23.27% | 24.32% | 25.16% | 21.68% | 25% | 24.85% | 21.25% | 24.79% | 24.42% | 22.96% | 22.49% | 23.2% | 24.44% | 25.09% | 23.63% |
| Gross margin % | PRICE AND COST TO SERVE (EUR per 1,000 units) | PL | 58.91% | 57.75% | 58.89% | 57.71% | 57.84% | 51.58% | 55.29% | 57.36% | 63.27% | 60.3% | 60.72% | 61.58% | 59.35% | 59.13% | 64.61% | 58.95% | 59.73% | 65.1% | 61.21% | 63.82% | 62.4% | 63.64% | 62.4% | 61.23% | 58.53% | 61.94% |
| Gross margin %: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 71.54% | 71.04% | 71.2% | 70.48% | 71.02% | 72.09% | 72.33% | 74.82% | 75.68% | 69.98% | 70.4% | 71.3% | 69.79% | 69.88% | 74.17% | 69.73% | 70.48% | 73.67% | 71.99% | 74.31% | 72.69% | 73.64% | 72.83% | 72% | 71.93% | 72.21% |
| Gross margin %: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 46.54% | 44.66% | 48.33% | 44.59% | 43.98% | 48.44% | 46.25% | 51.09% | 48.95% | 49.66% | 50.1% | 50.84% | 48.01% | 47.36% | 53.23% | 47.25% | 48.07% | 57.72% | 49.59% | 52.85% | 50.43% | 53.11% | 50.31% | 49.7% | 47.97% | 50.88% |
| Gross margin %: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 51.65% | 50.85% | 51.6% | 50.87% | 51.21% | 52.26% | 52.98% | 55.76% | 57.16% | 56.4% | 56.76% | 57.56% | 54.57% | 54.54% | 60.8% | 54.31% | 55.04% | 60.77% | 56.42% | 59.16% | 57.82% | 58.56% | 57.88% | 56.29% | 53.96% | 57.33% |
| Gross margin %: Developer | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 63.02% | 64.45% | 62.36% | 63.51% | 62.15% | 63.05% | 64.62% | 66.79% | 64.77% | 65.01% | 65.72% | 65.96% | 64.46% | 64.67% | 66.75% | 64.56% | 65.81% | 66.37% | 66.84% | 69.06% | 66.13% | 66.98% | 66.56% | 66.73% | 64.36% | 66.3% |
| Gross margin %: Team | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 61.73% | 62.48% | 61.08% | 62.11% | 60.94% | 61.83% | 63.17% | 65.82% | 63.67% | 64.53% | 64.92% | 65.94% | 63.04% | 63.8% | 65.65% | 63.59% | 64.28% | 65.89% | 65.8% | 68.06% | 65.1% | 65.95% | 65.52% | 65.69% | 63.26% | 65.23% |
| Gross margin %: Enterprise | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 55.47% | 50.95% | 55.95% | 51.37% | 53.76% | 57.62% | 54.44% | 58.08% | 62.97% | 55% | 55.45% | 56.6% | 54.78% | 53.42% | 63.41% | 53.22% | 53.95% | 64.32% | 55.58% | 58.89% | 59.41% | 61.06% | 58.78% | 55.66% | 56.06% | 58.17% |
| Reserved GPU capacity used | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 82.04% | 85% | 83.52% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 84.63% | 85% |
| On-demand GPU hours | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provider A commitment: utilisation to date | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Commitments | 84.95% | 82.58% | 82.3% | 82.05% | 82.11% | 82.73% | 83.64% | 84.37% | 84.55% | 84.85% | 85.09% | 85.45% | 99.35% | 97.65% | 98.8% | 99.09% | 99.74% | 99.99% | 100.42% | 100.78% | 100.99% | 101.37% | 101.6% | 101.96% | 85.45% | 101.96% |
| Provider A commitment: expected shortfall for the year (USD) | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Commitments | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 113,508.8574 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113,508.8574 | 0 |
| Share of compute: Provider A | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 35.53% | 33.54% | 34.4% | 34.14% | 32.69% | 33.95% | 32.88% | 32.63% | 31.56% | 37.32% | 36.42% | 36.26% | 36.31% | 34.89% | 35.35% | 34.9% | 34.74% | 34.25% | 34.42% | 34.27% | 33.69% | 33.7% | 33.16% | 33.19% | 34.21% | 34.37% |
| Share of compute: model API vendor B | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 58.3% | 60.05% | 59.59% | 59.18% | 60.89% | 59.58% | 60.74% | 60.95% | 61.96% | 55.03% | 55.79% | 55.88% | 55.82% | 57.07% | 56.7% | 57.08% | 57.22% | 57.66% | 57.49% | 57.61% | 58.08% | 58.08% | 58.56% | 58.52% | 59.07% | 57.52% |
| Revenue running on vendor B models | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 56.05% | 56.95% | 57.65% | 55.96% | 56.25% | 55.44% | 57.42% | 58.61% | 54.16% | 56.7% | 56.57% | 56.46% | 55.98% | 56.36% | 55.45% | 56.42% | 56.35% | 58.83% | 56.36% | 56.8% | 55.15% | 55.7% | 55.37% | 56.2% | 56.49% | 56.25% |
| Cash at bank | CASH, RESEARCH TAX CREDIT AND PEOPLE | BS | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,025,696.8268 | 8,475,238.8049 | 8,100,523.8061 | 7,793,186.7137 | 7,165,216.9739 | 6,741,811.8004 | 6,422,907.3298 | 5,824,644.8402 | 5,441,715.2395 | 5,127,276.2257 | 4,550,636.6559 | 4,071,791.3186 | 4,853,555.4361 | 4,295,933.0927 | 3,884,170.2917 | 3,525,929.5474 | 7,793,186.7137 | 3,525,929.5474 |
| Minimum cash buffer (board policy) | CASH, RESEARCH TAX CREDIT AND PEOPLE | Assumptions | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Headroom over the buffer | CASH, RESEARCH TAX CREDIT AND PEOPLE | 8,693,806.8483 | 8,333,821.8783 | 7,916,994.514 | 7,274,323.744 | 6,846,282.7674 | 6,444,647.2574 | 6,747,127.2531 | 6,337,248.9223 | 6,025,696.8268 | 5,475,238.8049 | 5,100,523.8061 | 4,793,186.7137 | 4,165,216.9739 | 3,741,811.8004 | 3,422,907.3298 | 2,824,644.8402 | 2,441,715.2395 | 2,127,276.2257 | 1,550,636.6559 | 1,071,791.3186 | 1,853,555.4361 | 1,295,933.0927 | 884,170.2917 | 525,929.5474 | 4,793,186.7137 | 525,929.5474 | |
| Net burn (cash used before financing) | CASH, RESEARCH TAX CREDIT AND PEOPLE | CF | 506,193.1517 | 359,984.97 | 416,827.3643 | 642,670.77 | 428,040.9766 | 401,635.51 | -302,479.9957 | 409,878.3308 | 311,552.0956 | 550,458.0218 | 374,714.9988 | 307,337.0924 | 627,969.7398 | 423,405.1735 | 318,904.4706 | 598,262.4896 | 382,929.6006 | 314,439.0139 | 576,639.5698 | 478,845.3373 | -781,764.1174 | 557,622.3433 | 411,762.8011 | 358,240.7442 | 4,406,813.2863 | 4,267,257.1663 |
| Average net burn, last three months | CASH, RESEARCH TAX CREDIT AND PEOPLE | CF | 506,193.1517 | 433,089.0608 | 427,668.4953 | 473,161.0348 | 495,846.3703 | 490,782.4189 | 175,732.1636 | 169,677.9484 | 139,650.1436 | 423,962.8161 | 412,241.7054 | 410,836.7044 | 436,673.9437 | 452,904.0019 | 456,759.7946 | 446,857.3779 | 433,365.5203 | 431,877.0347 | 424,669.3948 | 456,641.307 | 91,240.2632 | 84,901.1877 | 62,540.3423 | 442,541.9629 | 410,836.7044 | 442,541.9629 |
| Runway to the buffer (months at the last three months burn; 60 = cash generative) | CASH, RESEARCH TAX CREDIT AND PEOPLE | 17.1749 | 19.2427 | 18.512 | 15.3739 | 13.8073 | 13.1314 | 38.3944 | 37.3487 | 43.1485 | 12.9144 | 12.3727 | 11.6669 | 9.5385 | 8.2618 | 7.4939 | 6.3211 | 5.6343 | 4.9257 | 3.6514 | 2.3471 | 20.3151 | 15.264 | 14.1376 | 1.1884 | 11.6669 | 1.1884 | |
| Research tax credit receivable | CASH, RESEARCH TAX CREDIT AND PEOPLE | Research_Credit | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,242,968.0207 | 1,348,276.7678 | 1,456,397.9769 | 1,564,496.2487 | 1,672,571.2745 | 1,781,935.4447 | 1,891,289.0657 | 2,000,632.0318 | 975,248.0089 | 1,087,439.4112 | 1,199,607.0765 | 1,311,775.1384 | 1,137,599.2721 | 1,311,775.1384 |
| Research tax credit accrued | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,308.6032 | 95,319.4832 | 95,309.2601 | 95,292.588 | 105,368.7486 | 105,308.7471 | 108,121.209 | 108,098.2718 | 108,075.0258 | 109,364.1702 | 109,353.621 | 109,342.9661 | 112,215.2492 | 112,191.4023 | 112,167.6653 | 112,168.0619 | 1,137,599.2721 | 1,311,775.1384 |
| EBITDA | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | -382,177.4006 | -430,481.3774 | -430,888.4967 | -460,324.9603 | -361,410.4906 | -473,889.7719 | -359,287.2485 | -184,909.7429 | -290,278.7091 | -396,179.0259 | -391,586.6513 | -322,044.8592 | -423,360.0103 | -427,150.469 | -324,702.981 | -425,058.7488 | -343,563.9066 | -334,771.4859 | -326,608.7884 | -149,975.0671 | -354,803.6509 | -327,985.1843 | -349,976.1049 | -323,596.6484 | -4,483,458.7345 | -4,111,553.0456 |
| EBITDA before the research tax credit | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | -471,388.0088 | -523,598.8676 | -524,969.2233 | -557,963.9059 | -457,724.353 | -570,441.0603 | -456,228.8009 | -279,424.6067 | -383,587.3123 | -491,498.5091 | -486,895.9114 | -417,337.4471 | -528,728.7589 | -532,459.2162 | -432,824.19 | -533,157.0207 | -451,638.9324 | -444,135.6561 | -435,962.4095 | -259,318.0332 | -467,018.9001 | -440,176.5866 | -462,143.7702 | -435,764.7102 | -5,621,058.0066 | -5,423,328.184 |
| Contract liabilities (Developer credits and Enterprise) | CASH, RESEARCH TAX CREDIT AND PEOPLE | BS | 615,710.1141 | 636,065.6755 | 571,616.2718 | 692,385.4545 | 671,452.0455 | 591,316.3095 | 750,837.1436 | 667,955.9309 | 514,178.3364 | 708,912.8955 | 726,079.9352 | 671,072.8292 | 836,795.5067 | 935,085.5343 | 732,157.6466 | 914,630.2535 | 976,462.4579 | 819,923.5307 | 938,056.2227 | 912,966.8016 | 820,517.8483 | 880,852.9923 | 882,787.9971 | 776,942.3935 | 671,072.8292 | 776,942.3935 |
| Headcount | CASH, RESEARCH TAX CREDIT AND PEOPLE | People | 71 | 73 | 76 | 78 | 78 | 79 | 78 | 77 | 76.1967 | 77.4026 | 78.4003 | 78.372 | 83.3557 | 84.3022 | 85.2323 | 87.2088 | 87.1726 | 88.1442 | 89.1368 | 89.1222 | 90.1157 | 90.1076 | 90.0993 | 90.0995 | 78.372 | 90.0995 |
| Revenue per employee, annualised | CASH, RESEARCH TAX CREDIT AND PEOPLE | 83,908.6759 | 78,063.6507 | 81,028.4074 | 75,226.155 | 80,550.6168 | 86,312.8536 | 87,216.3424 | 89,477.0015 | 104,221.8208 | 87,362.3765 | 89,643.3562 | 91,550.6285 | 92,289.9687 | 90,120.8226 | 106,661.2765 | 90,701.0093 | 93,832.3994 | 109,459.155 | 93,369.3201 | 95,672.9296 | 102,324.0856 | 106,011.4964 | 104,299.0787 | 100,638.9876 | 91,550.6285 | 100,638.9876 |
| Code | Account (fictional) | Country | Sector | VAT on invoices | First contract start (month) | Start month no. | Status | Annual commitment at 31-Dec-25 (live) or at signature | Usage in Dec-25 (live) or first month | Usage in the contract year to 31-Dec-25 | Contract position at 31-Dec-25 (+ billed ahead) | Usage growth a month | Mix: Document AI | Mix: Voice AI | Mix: Agent workspace | Discount to list | Payment terms (days) | Probability Base (renewal or win) | Probability Downside | Probability Upside | Probability selected | Effective start month no. | Renewal month | Units weight: Document AI (mix / (1 - discount)) | Units weight: Voice AI | Units weight: Agent workspace | Usage at the last actual month | Commitment at the last actual month | Revenue FY2026 | Revenue FY2027 | Share of FY2026 revenue | Compute cost FY2026 | Gross margin FY2026 after compute and support | Gross margin % FY2026 | Account note (fictional) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E01 | Tervane Assurances | FR | Insurance | 0.2 | 2023-06-30 | -30 | Live | 350,000 | 30,464.04 | 210,540.34 | 51,959.66 | 0.022 | 0.55 | 0.3 | 0.15 | 0.35 | 45 | 0.92 | 0.8 | 0.96 | 0.92 | -30 | June | 0.8462 | 0.4615 | 0.2308 | 40,247.35 | 380,000 | 436,919.5944 | 578,727.7643 | 0.066 | 143,890.4606 | 233,107.6276 | 53.35% | Largest account: claims automation across three business lines. Renewed in June 2026 at EUR 380k (from EUR 350k). May overage invoice disputed: the account says calls retried during the 28 April incident were billed twice; engineering review under way. |
| E02 | Draxholm Logistik | DE | Logistics | 0 | 2023-10-31 | -26 | Live | 280,000 | 15,697.01 | 48,319.36 | 21,680.64 | 0.02 | 0.6 | 0.15 | 0.25 | 0.32 | 45 | 0.9 | 0.78 | 0.95 | 0.9 | -26 | October | 0.8824 | 0.2206 | 0.3676 | 18,115.84 | 280,000 | 283,594.0459 | 277,341.4701 | 0.0429 | 60,503.7493 | 184,196.6818 | 64.95% | |
| E03 | Lunedo Banca | IT | Banking | 0 | 2024-02-29 | -22 | Live | 300,000 | 24,425.69 | 278,236.16 | 21,763.84 | 0.018 | 0.45 | 0.35 | 0.2 | 0.35 | 60 | 0.9 | 0.75 | 0.95 | 0.9 | -22 | February | 0.6923 | 0.5385 | 0.3077 | 34,339 | 320,000 | 388,843.2733 | 451,866.0074 | 0.0588 | 138,407.3583 | 197,107.8543 | 50.69% | |
| E04 | Kellbrook Utilities | UK | Utilities | 0 | 2024-04-30 | -20 | Live | 190,000 | 13,482.78 | 115,287.16 | 27,212.84 | 0.017 | 0.2 | 0.6 | 0.2 | 0.3 | 45 | 0.85 | 0.65 | 0.92 | 0.85 | -20 | April | 0.2857 | 0.8571 | 0.2857 | 14,639.43 | 210,000 | 212,412.1019 | 209,530.5048 | 0.0321 | 73,963.6095 | 109,317.1528 | 51.46% | Used EUR 159k of its EUR 190k commitment in the contract year to March 2026: the unused EUR 31k was recognised at the end of that year. Renewed in April at EUR 210k. |
| E05 | Ambrelle Sante | FR | Health insurance | 0.2 | 2024-07-31 | -17 | Live | 240,000 | 15,974.95 | 96,442.69 | 23,557.31 | 0.019 | 0.5 | 0.35 | 0.15 | 0.33 | 45 | 0.92 | 0.8 | 0.96 | 0.92 | -17 | July | 0.7463 | 0.5224 | 0.2239 | 16,481.85 | 260,000 | 245,079.3584 | 275,838.1576 | 0.037 | 63,820.9689 | 147,646.8863 | 60.24% | |
| E06 | Veskari Telecom | FI | Telecoms | 0 | 2024-09-30 | -15 | Live | 220,000 | 15,803.33 | 61,067.49 | 48,932.51 | 0.016 | 0.15 | 0.55 | 0.3 | 0.3 | 45 | 0.9 | 0.78 | 0.95 | 0.9 | -15 | September | 0.2143 | 0.7857 | 0.4286 | 17,035.62 | 220,000 | 222,753.4364 | 221,670.3212 | 0.0337 | 78,309.1962 | 113,894.6343 | 51.13% | |
| E07 | Oisterra Energia | ES | Energy | 0 | 2024-11-30 | -13 | Live | 170,000 | 13,045.14 | 26,089 | 16,411 | 0.018 | 0.45 | 0.25 | 0.3 | 0.28 | 60 | 0.9 | 0.75 | 0.95 | 0.9 | -13 | November | 0.625 | 0.3472 | 0.4167 | 14,357.32 | 170,000 | 178,103.6306 | 183,950.276 | 0.0269 | 56,249.1141 | 97,428.4254 | 54.7% | |
| E08 | Pravenza Retail | ES | Retail | 0 | 2024-03-31 | -21 | Lost at the Mar-26 renewal | 160,000 | 15,672.11 | 137,847.01 | 22,152.99 | 0.01 | 0.3 | 0.2 | 0.5 | 0.28 | 45 | 0 | 0 | 0 | 0 | -21 | March | 0.4167 | 0.2778 | 0.6944 | 0 | 0 | 30,369.41 | 0 | 0.0046 | 10,615.1044 | 15,589.2812 | 51.33% | Did not renew in March 2026: moved the workload to an in-house model built on an open-weights model. |
| E09 | Solberre Mutuelle | FR | Health insurance | 0.2 | 2025-02-28 | -10 | Live | 180,000 | 13,436.75 | 128,675.77 | 51,324.23 | 0.02 | 0.55 | 0.3 | 0.15 | 0.3 | 45 | 0.92 | 0.8 | 0.96 | 0.92 | -10 | February | 0.7857 | 0.4286 | 0.2143 | 13,202.94 | 190,000 | 206,076.82 | 201,705.2452 | 0.0312 | 51,212.332 | 126,602.0031 | 61.43% | |
| E10 | Ivarone Insurance | IE | Insurance | 0 | 2025-04-30 | -8 | Live | 160,000 | 12,917.58 | 98,987.04 | 21,012.96 | 0.021 | 0.5 | 0.3 | 0.2 | 0.3 | 45 | 0.9 | 0.78 | 0.95 | 0.9 | -8 | April | 0.7143 | 0.4286 | 0.2857 | 18,109.19 | 170,000 | 222,333.7035 | 250,054.1987 | 0.0336 | 66,158.5212 | 125,683.1408 | 56.53% | |
| E11 | Mercadel Foods | ES | Food | 0 | 2025-06-30 | -6 | Live | 120,000 | 7,586.71 | 51,335.29 | 38,664.71 | 0.02 | 0.4 | 0.2 | 0.4 | 0.25 | 60 | 0.9 | 0.75 | 0.95 | 0.9 | -6 | June | 0.5333 | 0.2667 | 0.5333 | 11,996.73 | 130,000 | 151,564.3747 | 166,776.0908 | 0.0229 | 39,084.4168 | 91,693.6033 | 60.5% | |
| E12 | Halvesta Travel | DE | Travel | 0 | 2025-08-31 | -4 | Live | 140,000 | 8,451.46 | 41,334.67 | 28,665.33 | 0.019 | 0.25 | 0.35 | 0.4 | 0.27 | 45 | 0.9 | 0.75 | 0.95 | 0.9 | -4 | August | 0.3425 | 0.4795 | 0.5479 | 11,573.31 | 150,000 | 158,772.987 | 162,049.7856 | 0.024 | 49,873.3898 | 87,124.6146 | 54.87% | |
| E13 | Varnholm Freight | SE | Logistics | 0 | 2025-10-31 | -2 | Live | 150,000 | 9,066.34 | 26,532.73 | 10,967.27 | 0.022 | 0.55 | 0.15 | 0.3 | 0.28 | 45 | 0.92 | 0.8 | 0.96 | 0.92 | -2 | October | 0.7639 | 0.2083 | 0.4167 | 10,432.39 | 150,000 | 154,207.9971 | 153,180.1218 | 0.0233 | 34,142.4254 | 98,916.6565 | 64.14% | |
| E14 | Brevalle Logistique | FR | Logistics | 0.2 | 2026-04-30 | 4 | Won in 2026 | 240,000 | 11,000 | 0 | 0 | 0.03 | 0.6 | 0.1 | 0.3 | 0.3 | 45 | 0.95 | 0.85 | 0.97 | 0.95 | 4 | April | 0.8571 | 0.1429 | 0.4286 | 12,511.62 | 240,000 | 113,884.7113 | 275,759.3643 | 0.0172 | 31,753.4286 | 66,512.5201 | 58.4% | Won in April 2026. |
| E15 | Maltessa Telecom | IT | Telecoms | 0 | 2026-07-31 | 7 | Won in 2026 | 300,000 | 14,000 | 0 | 0 | 0.03 | 0.15 | 0.55 | 0.3 | 0.32 | 60 | 0.95 | 0.85 | 0.97 | 0.95 | 7 | July | 0.2206 | 0.8088 | 0.4412 | 15,807.63 | 300,000 | 99,704.8178 | 335,901.8463 | 0.0151 | 42,789.0869 | 43,241.6753 | 43.37% | Won in July 2026: the largest new commitment of the year. |
| P01 | Grevon Assurances | FR | Insurance | 0.2 | 2026-11-30 | 11 | Pipeline | 360,000 | 16,200 | 0 | 0 | 0.03 | 0.5 | 0.3 | 0.2 | 0.33 | 45 | 0.55 | 0.3 | 0.7 | 0.55 | 11 | November | 0.7463 | 0.4478 | 0.2985 | 0 | 0 | 18,180.855 | 204,778.4544 | 0.0027 | 5,986.819 | 9,700.6156 | 53.36% | Proposal submitted; security review passed. |
| P02 | Aldebrink Logistics | NL | Logistics | 0 | 2026-12-31 | 12 | Pipeline | 240,000 | 10,800 | 0 | 0 | 0.03 | 0.6 | 0.1 | 0.3 | 0.3 | 45 | 0.5 | 0.25 | 0.65 | 0.5 | 12 | December | 0.8571 | 0.1429 | 0.4286 | 0 | 0 | 5,400 | 122,051.6523 | 0.0008 | 1,505.6324 | 3,153.7825 | 58.4% | Paid pilot running on two warehouses. |
| P03 | Serranova Banca | IT | Banking | 0 | 2027-02-28 | 14 | Pipeline | 420,000 | 18,900 | 0 | 0 | 0.03 | 0.45 | 0.35 | 0.2 | 0.35 | 45 | 0.4 | 0.15 | 0.55 | 0.4 | 14 | February | 0.6923 | 0.5385 | 0.3077 | 0 | 0 | 0 | 100,627.2516 | 0 | 0 | 0 | 0% | Procurement; competing with a US vendor. |
| P04 | Kettelby Water | UK | Utilities | 0 | 2027-03-31 | 15 | Pipeline | 180,000 | 8,100 | 0 | 0 | 0.03 | 0.2 | 0.6 | 0.2 | 0.3 | 45 | 0.5 | 0.25 | 0.6 | 0.5 | 15 | March | 0.2857 | 0.8571 | 0.2857 | 0 | 0 | 0 | 48,181.4532 | 0 | 0 | 0 | 0% | Discovery. |
| P05 | Vanthor Energie | DE | Energy | 0 | 2027-05-31 | 17 | Pipeline | 300,000 | 13,500 | 0 | 0 | 0.03 | 0.45 | 0.25 | 0.3 | 0.3 | 45 | 0.45 | 0.2 | 0.6 | 0.45 | 17 | May | 0.6429 | 0.3571 | 0.4286 | 0 | 0 | 0 | 55,837.3801 | 0 | 0 | 0 | 0% | Shortlisted. |
| TOTAL | 2,660,000 | 196,023.89 | 384,305.29 | 248,850.22 | 3,170,000 | 3,128,201.1172 | 4,275,827.3456 | 0.4729 | 948,265.6132 | 1,750,917.1555 | 55.97% |
| Measure | Jan-25 | Feb-25 | Mar-25 | Apr-25 | May-25 | Jun-25 | Jul-25 | Aug-25 | Sep-25 | Oct-25 | Nov-25 | Dec-25 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer credits purchased (ex VAT) | 59,181.33 | 57,327.92 | 61,635.47 | 65,423.87 | 70,630.94 | 66,465.34 | 63,741.37 | 60,341.25 | 79,861.34 | 80,534.2 | 79,718.21 | 77,725.58 | 822,586.82 |
| Developer credits used (face value) | 46,250.53 | 46,865.16 | 48,844.87 | 51,057.13 | 54,092.84 | 55,481.6 | 55,761.45 | 55,781.85 | 59,699.39 | 63,158.91 | 65,049.73 | 67,104.41 | 669,147.87 |
| Developer revenue (credits used, breakage and true-ups) | 53,704.6 | 53,288.73 | 55,377.22 | 59,397.34 | 58,952.48 | 62,831.37 | 61,602.74 | 64,980.23 | 67,525.14 | 71,843.39 | 74,715.74 | 77,791.29 | 762,010.27 |
| of which breakage recognised | 7,454.07 | 6,423.57 | 6,532.35 | 8,340.21 | 4,859.64 | 7,349.77 | 5,841.29 | 9,198.38 | 7,825.75 | 8,684.48 | 9,666.01 | 10,686.88 | 92,862.4 |
| Team plan fees | 96,044.75 | 97,888.21 | 105,298.3 | 109,988.46 | 114,651.05 | 118,912.69 | 123,440.32 | 124,638.26 | 131,899.96 | 138,048.09 | 139,939.51 | 143,943.66 | 1,444,693.26 |
| Team usage above the allowance | 16,704.74 | 17,438.89 | 19,252.61 | 19,492.97 | 19,447.48 | 22,355.25 | 21,404.75 | 22,649.61 | 22,137.25 | 26,879.57 | 25,340.03 | 25,822.87 | 258,926.02 |
| Team customers at month end | 231 | 235 | 252 | 262 | 272 | 280 | 290 | 292 | 307 | 322 | 326 | 334 | |
| Team new customers | 18 | 12 | 21 | 17 | 17 | 15 | 16 | 7 | 23 | 22 | 13 | 14 | 195 |
| Team customers lost | 7 | 8 | 4 | 7 | 7 | 7 | 6 | 5 | 8 | 7 | 9 | 6 | 81 |
| Enterprise usage (at contracted prices) | 127,934.74 | 136,097.71 | 136,377.65 | 147,477.03 | 154,125.93 | 166,667.12 | 170,159.88 | 179,920.59 | 181,828.35 | 193,604.26 | 193,461.07 | 196,023.89 | 1,983,678.22 |
| Enterprise unused commitments recognised at contract year end | 35,174.97 | 14,103.78 | 33,487.28 | 0 | 9,862.68 | 55,455.12 | 0 | 32,253.08 | 82,747.07 | 33,143.51 | 0 | 0 | 296,227.49 |
| Enterprise revenue | 163,109.71 | 150,201.49 | 169,864.93 | 147,477.03 | 163,988.61 | 222,122.24 | 170,159.88 | 212,173.67 | 264,575.42 | 226,747.77 | 193,461.07 | 196,023.89 | 2,279,905.71 |
| Enterprise billing | 165,000 | 160,000 | 170,000 | 207,500 | 160,000 | 207,500 | 212,500 | 195,000 | 212,500 | 255,000 | 197,500 | 212,500 | 2,355,000 |
| REVENUE | 329,563.8 | 318,817.32 | 349,793.06 | 336,355.8 | 357,039.62 | 426,221.55 | 376,607.69 | 424,441.77 | 486,137.77 | 463,518.82 | 433,456.35 | 443,581.71 | 4,745,535.26 |
| Units used: Document AI (thousands of pages) | 11,904.6 | 12,550.6 | 12,907.1 | 13,774.6 | 14,438.4 | 15,311.8 | 15,669.5 | 16,096.6 | 16,532.3 | 17,750 | 17,760.2 | 18,071.2 | 182,766.9 |
| Units used: Voice AI (thousands of audio minutes) | 11,456.8 | 11,904.1 | 12,219.9 | 12,920.6 | 13,477.8 | 14,227.3 | 14,474.2 | 15,019.9 | 15,383.3 | 16,130.5 | 16,109.1 | 16,479 | 169,802.5 |
| Units used: Agent workspace (thousands of agent actions) | 4,384.2 | 4,516.5 | 4,682.8 | 4,961.1 | 5,160 | 5,567 | 5,659.9 | 5,947.3 | 6,126.1 | 6,558.7 | 6,623.1 | 6,757.2 | 66,943.9 |
| GPU hours: inference | 4,751 | 4,968.3 | 5,105.3 | 5,421.2 | 5,667.2 | 5,997.5 | 6,118 | 6,320.7 | 6,482.7 | 6,874.9 | 6,873.3 | 7,013.3 | 71,593.4 |
| GPU hours: research | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,346.5 | 1,470.8 | 1,268.1 | 861.3 | 713.9 | 470.7 | 575.5 | 14,706.8 |
| GPU hours: reserved capacity | 8,928 | 8,064 | 8,928 | 8,640 | 8,928 | 8,640 | 8,928 | 8,928 | 8,640 | 8,928 | 8,640 | 8,928 | 105,120 |
| GPU hours: on-demand | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model tokens, vendor B (millions) | 26,900.7 | 27,834.5 | 28,712.1 | 30,387.9 | 31,653.5 | 33,773.8 | 34,348.8 | 35,865.8 | 36,838.2 | 39,032.5 | 39,200.3 | 40,046.4 | 404,594.5 |
| Model tokens, vendor C (millions) | 2,976.1 | 3,137.7 | 3,226.8 | 3,443.6 | 3,609.6 | 3,828 | 3,917.4 | 4,024.1 | 4,133.1 | 4,437.5 | 4,440 | 4,517.8 | 45,691.7 |
| USD per EUR (ECB monthly average) | 1.0353 | 1.0412 | 1.0806 | 1.121 | 1.1278 | 1.1515 | 1.1677 | 1.1631 | 1.1732 | 1.1631 | 1.1561 | 1.1708 | 1.1293 |
| Reserved GPUs used for inference (incl. idle), EUR | 13,802.38 | 12,106.03 | 13,223.76 | 12,246.21 | 12,670.33 | 12,351.12 | 12,453.15 | 12,842.24 | 12,929.14 | 13,771.38 | 13,779.2 | 13,911.33 | 156,086.27 |
| Reserved GPUs used for research, EUR | 3,013.62 | 2,996.54 | 2,887.28 | 2,783.23 | 2,766.45 | 2,280.23 | 2,456.16 | 2,126.03 | 1,431.58 | 1,196.9 | 793.94 | 958.51 | 25,690.47 |
| On-demand GPUs, EUR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B, EUR | 50,249.23 | 52,167.97 | 53,357.42 | 55,510.4 | 56,249.26 | 60,239.9 | 59,266.77 | 62,595.98 | 63,814.16 | 68,650.56 | 68,276.38 | 68,856.47 | 719,234.5 |
| Model API vendor C, EUR | 4,753.35 | 5,102.25 | 5,167.56 | 5,761.86 | 5,696.15 | 6,492.59 | 6,181.8 | 6,249.47 | 6,609.35 | 6,728.26 | 6,996.42 | 7,104.97 | 72,844.03 |
| Hosting, storage and network, EUR | 25,880.88 | 24,699.3 | 24,185.63 | 23,999.21 | 24,152.38 | 23,190.49 | 23,842.72 | 23,349.96 | 23,209.97 | 25,859.86 | 24,822.91 | 24,086.26 | 291,279.57 |
| Provider A spend (USD, counts towards the commitment) | 44,204.07 | 41,441.71 | 43,544.59 | 43,751.12 | 44,648.65 | 43,551.85 | 45,250.74 | 44,567.94 | 44,077.94 | 47,487.2 | 45,545.77 | 45,609.79 | 533,681.37 |
| Card processing fees | 3,694.58 | 3,708.2 | 3,998.22 | 4,186.17 | 4,398.83 | 4,457.67 | 4,474.34 | 4,450.64 | 5,023.54 | 5,267.64 | 5,257.97 | 5,309.07 | 54,226.87 |
| Payroll cost: research and development | 333,664.86 | 337,717.47 | 341,770.08 | 345,822.69 | 349,875.3 | 353,927.91 | 357,980.52 | 362,033.13 | 366,085.74 | 370,138.34 | 374,190.95 | 378,243.56 | 4,271,450.55 |
| Payroll cost: solutions, support and customer success | 55,360.48 | 56,032.87 | 56,705.27 | 57,377.66 | 58,050.06 | 58,722.45 | 59,394.85 | 60,067.24 | 60,739.64 | 61,412.03 | 62,084.42 | 62,756.82 | 708,703.79 |
| Payroll cost: sales and marketing | 93,526.29 | 94,662.23 | 95,798.18 | 96,934.13 | 98,070.08 | 99,206.02 | 100,341.97 | 101,477.92 | 102,613.86 | 103,749.81 | 104,885.76 | 106,021.7 | 1,197,287.95 |
| Payroll cost: general and administrative | 54,942.58 | 55,609.89 | 56,277.21 | 56,944.53 | 57,611.85 | 58,279.17 | 58,946.49 | 59,613.81 | 60,281.13 | 60,948.44 | 61,615.76 | 62,283.08 | 703,353.94 |
| Sales commissions incl. employer contributions | 0 | 42,025.54 | 14,008.51 | 30,643.62 | 0 | 41,150 | 21,012.77 | 12,257.45 | 19,261.7 | 37,647.88 | 14,884.04 | 0 | 232,891.51 |
| Overheads | 137,445.7 | 124,573.81 | 151,777.15 | 137,133.06 | 133,542.24 | 149,687.93 | 123,124.9 | 135,361.08 | 135,688.37 | 142,723.51 | 130,471.23 | 135,093.41 | 1,636,622.39 |
| Research tax credit (CIR) accrued | 74,476.42 | 74,590.28 | 74,685.16 | 75,570.76 | 76,456.35 | 77,341.95 | 78,227.54 | 79,113.14 | 79,998.73 | 80,884.33 | 81,769.92 | 82,655.52 | 935,770.1 |
| Cost of revenue | 153,740.9 | 153,816.62 | 156,637.86 | 159,081.51 | 161,217.01 | 165,454.22 | 165,613.63 | 169,555.53 | 172,325.8 | 181,689.73 | 181,217.3 | 182,024.92 | 2,002,375.03 |
| Gross profit | 175,822.9 | 165,000.7 | 193,155.2 | 177,274.29 | 195,822.61 | 260,767.33 | 210,994.06 | 254,886.24 | 313,811.97 | 281,829.09 | 252,239.05 | 261,556.79 | 2,743,160.23 |
| EBITDA | -372,293.73 | -417,994.5 | -394,678.05 | -417,416.21 | -369,586.96 | -366,421.98 | -374,641.21 | -338,870.04 | -291,551.68 | -353,691.46 | -352,832.71 | -338,387.95 | -4,388,366.48 |
| Net cash flow before financing | -469,604 | -517,367 | -495,291 | -481,434 | -457,915 | -440,835 | -474,700 | -434,681 | 229,420 | -411,847 | -416,413 | -413,982 | -4,784,649 |
| Headcount (average in the month) | 61.8 | 62.5 | 63.2 | 64 | 64.8 | 65.5 | 66.2 | 67 | 67.8 | 68.5 | 69.2 | 70 | |
| E01 Tervane Assurances | 26,894.73 | 26,876.39 | 27,272.05 | 26,502.86 | 27,925.1 | 28,589 | 29,883.25 | 30,818.27 | 30,830.02 | 30,975.49 | 28,980.27 | 30,464.04 | 346,011.47 |
| E02 Draxholm Logistik | 14,867.67 | 14,577.97 | 13,853.5 | 14,267.47 | 14,911.9 | 15,354.52 | 15,341.01 | 15,099.27 | 14,754.34 | 16,138.38 | 16,483.97 | 15,697.01 | 181,347.01 |
| E03 Lunedo Banca | 24,290.16 | 23,627.37 | 22,697.35 | 23,344.07 | 26,340.8 | 27,003.97 | 27,524.98 | 27,508.01 | 25,913.41 | 25,569.46 | 24,281.05 | 24,425.69 | 302,526.32 |
| E04 Kellbrook Utilities | 12,908.77 | 12,194.39 | 12,691.89 | 12,987.69 | 12,404.49 | 12,211.52 | 13,375.63 | 12,699.13 | 12,604.59 | 12,764.76 | 12,756.57 | 13,482.78 | 153,082.21 |
| E05 Ambrelle Sante | 13,737.88 | 12,857.69 | 13,884.29 | 14,380.9 | 14,607.98 | 15,531.08 | 15,993.28 | 15,549.15 | 16,433.73 | 16,833.14 | 15,658.44 | 15,974.95 | 181,442.51 |
| E06 Veskari Telecom | 14,175.4 | 14,687.41 | 14,180.96 | 13,828.39 | 14,616.25 | 16,033.19 | 14,223.49 | 14,418.51 | 14,506.23 | 15,234.26 | 15,523.67 | 15,803.33 | 177,231.09 |
| E07 Oisterra Energia | 9,349.14 | 9,630.24 | 9,676.7 | 9,778.56 | 10,523.4 | 11,064.13 | 11,051.52 | 11,663.93 | 12,283.66 | 12,857.58 | 13,043.86 | 13,045.14 | 133,967.86 |
| E08 Pravenza Retail | 11,710.99 | 11,646.25 | 12,217.73 | 13,344.04 | 13,070.47 | 13,162.42 | 13,651.89 | 13,646.06 | 14,032.17 | 13,801.57 | 15,248.55 | 15,672.11 | 161,204.25 |
| E09 Solberre Mutuelle | 0 | 10,000 | 9,903.18 | 10,043.05 | 10,371.54 | 10,489.44 | 11,535.04 | 11,891.42 | 13,054.63 | 13,817.97 | 14,132.75 | 13,436.75 | 128,675.77 |
| E10 Ivarone Insurance | 0 | 0 | 0 | 9,000 | 9,354 | 10,227.85 | 10,524.07 | 11,452.9 | 11,404 | 11,526.01 | 12,580.63 | 12,917.58 | 98,987.04 |
| E11 Mercadel Foods | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,055.72 | 7,173.94 | 7,375.15 | 7,334.41 | 7,809.36 | 7,586.71 | 51,335.29 |
| E12 Halvesta Travel | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,636.42 | 8,251.23 | 7,995.56 | 8,451.46 | 41,334.67 |
| E13 Varnholm Freight | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,500 | 8,966.39 | 9,066.34 | 26,532.73 |
| E14 Brevalle Logistique | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E15 Maltessa Telecom | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E01 Tervane Assurances | 26,894.73 | 26,876.39 | 27,272.05 | 26,502.86 | 37,787.78 | 28,589 | 29,883.25 | 30,818.27 | 30,830.02 | 30,975.49 | 28,980.27 | 30,464.04 | 355,874.15 |
| E02 Draxholm Logistik | 14,867.67 | 14,577.97 | 13,853.5 | 14,267.47 | 14,911.9 | 15,354.52 | 15,341.01 | 15,099.27 | 97,501.41 | 16,138.38 | 16,483.97 | 15,697.01 | 264,094.08 |
| E03 Lunedo Banca | 59,465.13 | 23,627.37 | 22,697.35 | 23,344.07 | 26,340.8 | 27,003.97 | 27,524.98 | 27,508.01 | 25,913.41 | 25,569.46 | 24,281.05 | 24,425.69 | 337,701.29 |
| E04 Kellbrook Utilities | 12,908.77 | 12,194.39 | 46,179.17 | 12,987.69 | 12,404.49 | 12,211.52 | 13,375.63 | 12,699.13 | 12,604.59 | 12,764.76 | 12,756.57 | 13,482.78 | 186,569.49 |
| E05 Ambrelle Sante | 13,737.88 | 12,857.69 | 13,884.29 | 14,380.9 | 14,607.98 | 70,986.2 | 15,993.28 | 15,549.15 | 16,433.73 | 16,833.14 | 15,658.44 | 15,974.95 | 236,897.63 |
| E06 Veskari Telecom | 14,175.4 | 14,687.41 | 14,180.96 | 13,828.39 | 14,616.25 | 16,033.19 | 14,223.49 | 46,671.59 | 14,506.23 | 15,234.26 | 15,523.67 | 15,803.33 | 209,484.17 |
| E07 Oisterra Energia | 9,349.14 | 9,630.24 | 9,676.7 | 9,778.56 | 10,523.4 | 11,064.13 | 11,051.52 | 11,663.93 | 12,283.66 | 46,001.09 | 13,043.86 | 13,045.14 | 167,111.37 |
| E08 Pravenza Retail | 11,710.99 | 25,750.03 | 12,217.73 | 13,344.04 | 13,070.47 | 13,162.42 | 13,651.89 | 13,646.06 | 14,032.17 | 13,801.57 | 15,248.55 | 15,672.11 | 175,308.03 |
| E09 Solberre Mutuelle | 0 | 10,000 | 9,903.18 | 10,043.05 | 10,371.54 | 10,489.44 | 11,535.04 | 11,891.42 | 13,054.63 | 13,817.97 | 14,132.75 | 13,436.75 | 128,675.77 |
| E10 Ivarone Insurance | 0 | 0 | 0 | 9,000 | 9,354 | 10,227.85 | 10,524.07 | 11,452.9 | 11,404 | 11,526.01 | 12,580.63 | 12,917.58 | 98,987.04 |
| E11 Mercadel Foods | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,055.72 | 7,173.94 | 7,375.15 | 7,334.41 | 7,809.36 | 7,586.71 | 51,335.29 |
| E12 Halvesta Travel | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,636.42 | 8,251.23 | 7,995.56 | 8,451.46 | 41,334.67 |
| E13 Varnholm Freight | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,500 | 8,966.39 | 9,066.34 | 26,532.73 |
| E14 Brevalle Logistique | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E15 Maltessa Telecom | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| purchase month | cohort no | purchased ex vat | used | expired unused | share expired | status |
|---|---|---|---|---|---|---|
| Jan-24 | -23 | 44,651.42 | 38,283.73 | 6,367.69 | 0.1426 | expired in 2025 |
| Feb-24 | -22 | 43,852.51 | 38,561.29 | 5,291.22 | 0.1207 | expired in 2025 |
| Mar-24 | -21 | 40,367.69 | 35,636.48 | 4,731.21 | 0.1172 | expired in 2025 |
| Apr-24 | -20 | 43,900.73 | 37,420.11 | 6,480.62 | 0.1476 | expired in 2025 |
| May-24 | -19 | 46,391.67 | 43,039.33 | 3,352.34 | 0.0723 | expired in 2025 |
| Jun-24 | -18 | 47,011.43 | 41,560.05 | 5,451.38 | 0.116 | expired in 2025 |
| Jul-24 | -17 | 44,051.16 | 40,316.06 | 3,735.1 | 0.0848 | expired in 2025 |
| Aug-24 | -16 | 44,024.66 | 37,340.95 | 6,683.71 | 0.1518 | expired in 2025 |
| Sep-24 | -15 | 53,252.69 | 47,139.63 | 6,113.06 | 0.1148 | expired in 2025 |
| Oct-24 | -14 | 52,460.14 | 46,101.65 | 6,358.49 | 0.1212 | expired in 2025 |
| Nov-24 | -13 | 57,004.97 | 49,464.25 | 7,540.72 | 0.1323 | expired in 2025 |
| Dec-24 | -12 | 52,763.48 | 45,079.94 | 7,683.54 | 0.1456 | expired in 2025 |
| Jan-25 | -11 | 59,181.33 | 52,401.57 | live at 31-Dec-25 | ||
| Feb-25 | -10 | 57,327.92 | 47,495.66 | live at 31-Dec-25 | ||
| Mar-25 | -9 | 61,635.47 | 52,695.73 | live at 31-Dec-25 | ||
| Apr-25 | -8 | 65,423.87 | 53,709.76 | live at 31-Dec-25 | ||
| May-25 | -7 | 70,630.94 | 57,361.55 | live at 31-Dec-25 | ||
| Jun-25 | -6 | 66,465.34 | 51,331.18 | live at 31-Dec-25 | ||
| Jul-25 | -5 | 63,741.37 | 45,864.88 | live at 31-Dec-25 | ||
| Aug-25 | -4 | 60,341.25 | 41,469.06 | live at 31-Dec-25 | ||
| Sep-25 | -3 | 79,861.34 | 48,246.29 | live at 31-Dec-25 | ||
| Oct-25 | -2 | 80,534.2 | 41,428.67 | live at 31-Dec-25 | ||
| Nov-25 | -1 | 79,718.21 | 30,509.73 | live at 31-Dec-25 | ||
| Dec-25 | 0 | 77,725.58 | 17,459.63 | live at 31-Dec-25 |
| Measure | Value |
|---|---|
| history / packs 2024 share expired unused | 0.1225 |
Receivables & payables
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Value |
|---|---|
| as at | 2026-08-31 |
| Counterparty (fictional) | Item / document | Group | Amount (EUR) | Due date | Days past due | Not yet due | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | Action / note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tervane Assurances | May invoice: usage above the commitment (incl. 20% VAT), disputed | Enterprise, France | 18,071.21 | 2026-07-15 | 47 | 0 | 0 | 18,071.21 | 0 | 0 | Disputed: the account says calls retried during the 28 April incident were billed twice. Engineering review of the call logs under way; 30% credit expected (refund liability booked in August). |
| Ambrelle Sante | July invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 78,000 | 2026-09-14 | 0 | 78,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Brevalle Logistique | July invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 22,000 | 2026-09-14 | 0 | 22,000 | 0 | 0 | 0 | 0 | 45-day terms; EUR 50,000.00 received on 28-Aug-26, balance due. |
| Solberre Mutuelle | August invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 57,000 | 2026-10-15 | 0 | 57,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Draxholm Logistik | July invoice: commitment for the contract quarter | Enterprise, outside France | 70,000 | 2026-09-14 | 0 | 70,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Kellbrook Utilities | July invoice: commitment for the contract quarter | Enterprise, outside France | 40,000 | 2026-09-14 | 0 | 40,000 | 0 | 0 | 0 | 0 | 45-day terms; EUR 12,500.00 received on 28-Aug-26, balance due. |
| Maltessa Telecom | July invoice: commitment for the contract quarter | Enterprise, outside France | 75,000 | 2026-09-29 | 0 | 75,000 | 0 | 0 | 0 | 0 | 60-day terms. |
| Halvesta Travel | August invoice: commitment for the contract quarter | Enterprise, outside France | 37,500 | 2026-10-15 | 0 | 37,500 | 0 | 0 | 0 | 0 | 45-day terms. |
| Lunedo Banca | August invoice: commitment for the contract quarter | Enterprise, outside France | 80,000 | 2026-10-30 | 0 | 80,000 | 0 | 0 | 0 | 0 | 60-day terms. |
| Oisterra Energia | August invoice: commitment for the contract quarter | Enterprise, outside France | 42,500 | 2026-10-30 | 0 | 42,500 | 0 | 0 | 0 | 0 | 60-day terms. |
| Value |
|---|
| TOTAL |
| 520,071.21 |
| 502,000 |
| 0 |
| 18,071.21 |
| 0 |
| 0 |
| label | values |
|---|---|
| Enterprise, France: aging vs ledger | [null, null, 175071.21, "Ledger balance", 175071.208, "Difference", 0, null] |
| Enterprise, outside France: aging vs ledger | [null, null, 345000, "Ledger balance", 344999.99, "Difference", 0, null] |
| Measure | Value |
|---|---|
| as at | 2026-08-31 |
| Counterparty (fictional) | Item / document | Group | Amount (EUR) | Due date | Days past due | Not yet due | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | Action / note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cloud provider A | August invoice: reserved GPUs, on-demand GPUs and hosting (USD 58,168 at the August average rate) | Compute suppliers (USD) | 50,175.03 | 2026-09-15 | 0 | 50,175.03 | 0 | 0 | 0 | 0 | Paid by wire on the 15th; reverse charge, no VAT on the invoice. |
| Model API vendor B | August invoice: voice and agent model tokens (USD 108,660 at the August average rate) | Compute suppliers (USD) | 93,729.4 | 2026-09-15 | 0 | 93,729.4 | 0 | 0 | 0 | 0 | Paid by wire on the 15th; reverse charge. |
| Model API vendor C | August invoice: document model tokens (EUR) | Model API vendor C (EUR) | 9,871.04 | 2026-09-15 | 0 | 9,871.04 | 0 | 0 | 0 | 0 | EU supplier: reverse charge. |
| Software, media platforms and travel | August charges on the company cards | Card suppliers | 60,109.26 | 2026-09-05 | 0 | 60,109.26 | 0 | 0 | 0 | 0 | Card statements settled on the 5th. |
| Events agency | August invoice: autumn conference stand and client event (incl. 20% VAT) | French suppliers | 15,751.99 | 2026-09-30 | 0 | 15,751.99 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Audit, legal and accounting advisers | August invoices: audit fieldwork and legal advice (incl. 20% VAT) | French suppliers | 19,053.98 | 2026-09-30 | 0 | 19,053.98 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Job boards and recruitment platforms | August invoice: job advertising (incl. 20% VAT) | French suppliers | 1,200 | 2026-09-30 | 0 | 1,200 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| IT equipment reseller | August invoice: IT equipment (incl. 20% VAT) | French suppliers | 2,622.01 | 2026-09-30 | 0 | 2,622.01 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Value |
|---|
| TOTAL |
| 252,512.71 |
| 252,512.71 |
| 0 |
| 0 |
| 0 |
| 0 |
| label | values |
|---|---|
| Compute suppliers (USD): aging vs schedule | [null, null, 143904.43, "Ledger balance", 143904.4251, "Difference", 0, null] |
| Model API vendor C: aging vs schedule | [null, null, 9871.04, "Ledger balance", 9871.04, "Difference", 0, null] |
| Card suppliers: aging vs schedule | [null, null, 60109.26, "Ledger balance", 60109.26, "Difference", 0, null] |
| French suppliers: aging vs schedule | [null, null, 38627.98, "Ledger balance", 38627.986, "Difference", 0, null] |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Card charges incl. VAT | CARD SALES | Credits and Team | 280,545.1213 | 297,251.0983 | 307,581.0979 | 302,800.4581 | 314,817.3394 | 323,309.6276 | 327,216.2232 | 320,609.3165 | 342,918.7857 | 352,123.4038 | 356,993.351 | 358,405.7276 | 375,065.1659 | 379,801.352 | 389,809.4837 | 391,903.5168 | 397,685.2014 | 406,555.0489 | 403,737.1581 | 394,769.9324 | 432,849.8857 | 443,339.8662 | 447,876.2221 | 447,846.4678 | 3,884,571.5503 | 4,911,239.3009 |
| Card processing fees | CARD SALES | A: statements; F: rate x charges + fee x charges | 5,639.98 | 5,763.05 | 6,071.85 | 5,962.55 | 6,279.26 | 6,407.25 | 6,447.74 | 6,341.18 | 6,792.5796 | 6,976.3668 | 7,071.6274 | 7,096.7818 | 7,434.0359 | 7,526.7596 | 7,727.6307 | 7,766.6885 | 7,881.816 | 8,060.279 | 7,999.7458 | 7,814.4605 | 8,592.6727 | 8,803.5643 | 8,892.649 | 8,888.8534 | 76,850.2157 | 97,389.1553 |
| Payouts received | CARD SALES | A: bank; F: charges less fees | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 336,126.206 | 345,147.037 | 349,921.7236 | 351,308.9458 | 367,631.13 | 372,274.5925 | 382,081.853 | 384,136.8283 | 389,803.3854 | 398,494.7699 | 395,737.4122 | 386,955.4719 | 424,257.2131 | 434,536.3019 | 438,983.5731 | 438,957.6143 | 3,807,721.3423 | 4,813,850.1456 |
| CARD PROCESSOR BALANCE | CARD SALES | opening + charges - fees - payouts | 0.0013 | -0.0004 | -0.0025 | -0.0044 | -0.005 | -0.0074 | -0.0042 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 |
| Invoiced incl. VAT | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | Enterprise | 72,000 | 57,000 | 105,000 | 144,000 | 75,071.208 | 114,000 | 150,000 | 57,000 | 114,000 | 150,000 | 116,400 | 114,000 | 150,000 | 117,360 | 167,427.4132 | 207,241.1837 | 176,105.7697 | 138,000 | 149,040 | 117,360 | 138,000 | 149,040 | 115,920 | 138,000 | 1,268,471.208 | 1,763,494.3667 |
| Disputed Tervane May invoice still open | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | A: from June; F: until settled | 0 | 0 | 0 | 0 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivable on current invoices per the collection days (forecast rule) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | invoicing still inside the days | 72,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 164,047.472 | 226,000 | 157,000 | 152,000 | 226,000 | 216,400 | 191,600 | 226,000 | 217,360 | 245,667.4132 | 318,859.4592 | 314,266.5589 | 255,403.8465 | 241,040 | 216,720 | 216,240 | 241,040 | 215,280 | 215,280 | 191,600 | 215,280 |
| Cash received on current invoices | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | A: bank; F: opening current balance + invoiced - receivable per the rule | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 118,999.998 | 76,000 | 126,000 | 138,800 | 115,600 | 126,000 | 139,120 | 134,049.1377 | 180,698.6701 | 196,862.7124 | 163,403.8465 | 141,680 | 138,480 | 124,240 | 141,680 | 138,000 | 1,199,799.998 | 1,739,814.3667 |
| Disputed invoice collected | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | drivers: month and share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,649.847 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,649.847 | 0 |
| Credit note on the disputed invoice (incl. VAT) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,421.363 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,421.363 | 0 | |
| Cash received | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 118,999.998 | 88,649.847 | 126,000 | 138,800 | 115,600 | 126,000 | 139,120 | 134,049.1377 | 180,698.6701 | 196,862.7124 | 163,403.8465 | 141,680 | 138,480 | 124,240 | 141,680 | 138,000 | 1,212,449.845 | 1,739,814.3667 | |
| RECEIVABLE: ACCOUNTS IN FRANCE | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 142,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 170,071.208 | 244,071.208 | 175,071.208 | 170,071.21 | 226,000 | 216,400 | 191,600 | 226,000 | 217,360 | 245,667.4132 | 318,859.4592 | 314,266.5589 | 255,403.8465 | 241,040 | 216,720 | 216,240 | 241,040 | 215,280 | 215,280 | 191,600 | 215,280 | |
| VAT on French invoices not yet collected (due when paid) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | receivable x 20 / 120 | 23,666.6667 | 17,500 | 23,833.3333 | 35,666.6667 | 28,511.868 | 28,345.2013 | 40,678.5347 | 29,178.5347 | 28,345.2017 | 37,666.6667 | 36,066.6667 | 31,933.3333 | 37,666.6667 | 36,226.6667 | 40,944.5689 | 53,143.2432 | 52,377.7598 | 42,567.3077 | 40,173.3333 | 36,120 | 36,040 | 40,173.3333 | 35,880 | 35,880 | 31,933.3333 | 35,880 |
| Invoiced | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | Enterprise | 200,087.31 | 165,716.42 | 85,000 | 202,500 | 157,500 | 87,500 | 277,500 | 160,000 | 86,500 | 280,983.2771 | 163,113.1556 | 153,378.9677 | 323,255.7438 | 226,014.1477 | 159,944.9448 | 282,916.8435 | 253,587.2029 | 138,000 | 278,377.3182 | 237,750 | 137,953.2217 | 288,362.6469 | 266,708.7573 | 176,764.461 | 2,019,779.1303 | 2,769,635.2879 |
| Receivable per the collection days (forecast rule) | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | 200,087.31 | 299,107.96 | 195,477.6133 | 259,166.6667 | 292,500 | 192,500 | 335,833.3333 | 345,000 | 193,166.6667 | 338,649.9437 | 350,435.3403 | 262,121.0714 | 425,508.389 | 441,517.9769 | 310,621.0433 | 389,546.8067 | 442,198.4319 | 307,058.1352 | 370,377.3182 | 423,334.8788 | 296,453.2217 | 380,331.4614 | 458,950.5219 | 354,570.2992 | 262,121.0714 | 354,570.2992 | |
| Cash received | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | A: bank; F: opening + invoiced - receivable per the rule | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 238,333.3233 | 135,500 | 151,327.759 | 241,693.2366 | 159,868.4263 | 210,004.5597 | 290,841.8785 | 203,991.0801 | 200,935.5777 | 273,140.2966 | 215,058.1352 | 184,792.4394 | 264,834.8788 | 204,484.4072 | 188,089.6968 | 281,144.6837 | 1,984,324.7289 | 2,677,186.0601 |
| RECEIVABLE: ACCOUNTS OUTSIDE FRANCE | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | 283,420.64 | 299,107.96 | 195,477.61 | 259,166.66 | 292,499.99 | 192,499.99 | 335,833.32 | 344,999.99 | 193,166.6667 | 338,649.9437 | 350,435.3403 | 262,121.0714 | 425,508.389 | 441,517.9769 | 310,621.0433 | 389,546.8067 | 442,198.4319 | 307,058.1352 | 370,377.3182 | 423,334.8788 | 296,453.2217 | 380,331.4614 | 458,950.5219 | 354,570.2992 | 262,121.0714 | 354,570.2992 | |
| Enterprise receivables | TOTALS | 425,420.64 | 404,107.96 | 338,477.61 | 473,166.66 | 463,571.198 | 362,571.198 | 579,904.528 | 520,071.198 | 363,237.8767 | 564,649.9437 | 566,835.3403 | 453,721.0714 | 651,508.389 | 658,877.9769 | 556,288.4565 | 708,406.2659 | 756,464.9908 | 562,461.9817 | 611,417.3182 | 640,054.8788 | 512,693.2217 | 621,371.4614 | 674,230.5219 | 569,850.2992 | 453,721.0714 | 569,850.2992 | |
| Debtor days (receivables / invoicing of the last three months x days) | TOTALS | 48.4699 | 48.1855 | 44.4843 | 55.4675 | 55.4546 | 42.269 | 61.9232 | 56.5562 | 39.5478 | 61.2243 | 56.6215 | 42.6868 | 58.755 | 54.7034 | 43.7639 | 54.3095 | 55.7998 | 42.8014 | 49.6425 | 55.6292 | 44.5618 | 53.503 | 55.9816 | 46.1988 | 42.6868 | 46.1988 | |
| TOTAL CASH RECEIVED FROM CUSTOMERS | TOTALS | 489,238.48 | 535,517.15 | 557,139.6 | 508,648.86 | 550,704.75 | 619,402.38 | 530,935.15 | 591,101.47 | 693,459.5274 | 569,296.884 | 627,249.4826 | 731,802.1824 | 643,099.5563 | 708,279.1522 | 812,043.7314 | 722,177.0461 | 771,437.6332 | 868,497.779 | 774,199.394 | 713,427.9113 | 827,572.0919 | 763,260.7091 | 768,753.2699 | 858,102.298 | 7,004,495.9163 | 9,230,850.5724 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invoices (USD) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | usage, APIs and any commitment shortfall | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 165,602.9548 | 140,874.0684 | 143,917.7977 | 261,159.3418 | 168,060.554 | 168,583.555 | 175,487.5787 | 175,629.9696 | 180,562.9335 | 181,126.0147 | 183,372.3493 | 184,720.5685 | 186,432.4089 | 190,126.1663 | 191,640.4117 | 195,191.4823 | 1,931,162.3626 | 2,180,933.9928 |
| Invoices (EUR at the rate of the month) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 144,467.3774 | 122,894.5899 | 125,549.854 | 227,828.0919 | 146,611.3181 | 147,067.5696 | 153,090.4464 | 153,214.6643 | 157,518.0437 | 158,009.26 | 159,968.8993 | 161,145.048 | 162,638.4096 | 165,860.74 | 167,181.7253 | 170,279.5798 | 1,670,125.3491 | 1,902,585.7042 | |
| Paid (EUR debited) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | A: bank; F: prior month USD / rate of this month | 107,546.17 | 123,320.74 | 125,872.77 | 124,046.4 | 123,735.7 | 133,093.42 | 134,594.58 | 142,250.18 | 145,536.4215 | 144,467.3774 | 122,894.5899 | 125,549.854 | 227,828.0919 | 146,611.3181 | 147,067.5696 | 153,090.4464 | 153,214.6643 | 157,518.0437 | 158,009.26 | 159,968.8993 | 161,145.048 | 162,638.4096 | 165,860.74 | 167,181.7253 | 1,552,908.2029 | 1,960,134.2164 |
| Exchange difference on settlement: gain (+) / loss (-) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | balance booked less EUR paid | 266.39 | 903.6018 | -2,821.3025 | 1,577.6786 | -338.2801 | -1,778.6851 | -1,168.6618 | 2,192.8698 | -1,631.9964 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,798.3858 | 0 |
| Payable: compute suppliers in USD (EUR) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 144,467.3774 | 122,894.5899 | 125,549.854 | 227,828.0919 | 146,611.3181 | 147,067.5696 | 153,090.4464 | 153,214.6643 | 157,518.0437 | 158,009.26 | 159,968.8993 | 161,145.048 | 162,638.4096 | 165,860.74 | 167,181.7253 | 170,279.5798 | 227,828.0919 | 170,279.5798 | |
| Payable in USD (memo) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 165,602.9548 | 140,874.0684 | 143,917.7977 | 261,159.3418 | 168,060.554 | 168,583.555 | 175,487.5787 | 175,629.9696 | 180,562.9335 | 181,126.0147 | 183,372.3493 | 184,720.5685 | 186,432.4089 | 190,126.1663 | 191,640.4117 | 195,191.4823 | 261,159.3418 | 195,191.4823 | |
| Invoices | MODEL API VENDOR C (EUR, reverse charge) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,998.797 | 10,170.8811 | 10,610.6259 | 10,991.7997 | 12,514.0722 | 12,861.9535 | 13,208.3484 | 13,350.8225 | 13,776.8786 | 13,899.4931 | 14,077.7959 | 14,239.4198 | 14,583.2672 | 14,845.8699 | 15,106.544 | 15,377.6486 | 113,203.5237 | 167,842.1137 | |
| Paid (15th of the next month) | MODEL API VENDOR C (EUR, reverse charge) | A: bank; F: prior balance | 7,104.97 | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,998.797 | 10,170.8811 | 10,610.6259 | 10,991.7997 | 12,514.0722 | 12,861.9535 | 13,208.3484 | 13,350.8225 | 13,776.8786 | 13,899.4931 | 14,077.7959 | 14,239.4198 | 14,583.2672 | 14,845.8699 | 15,106.544 | 109,316.694 | 163,456.2647 |
| Payable: vendor C | MODEL API VENDOR C (EUR, reverse charge) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,998.797 | 10,170.8811 | 10,610.6259 | 10,991.7997 | 12,514.0722 | 12,861.9535 | 13,208.3484 | 13,350.8225 | 13,776.8786 | 13,899.4931 | 14,077.7959 | 14,239.4198 | 14,583.2672 | 14,845.8699 | 15,106.544 | 15,377.6486 | 10,991.7997 | 15,377.6486 | |
| Charges | COMPANY CARD STATEMENTS (software, paid media, travel) | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 70,730.5053 | 70,963.3425 | 77,034.6402 | 71,678.369 | 71,669.4475 | 71,908.4722 | 72,152.6456 | 64,359.0733 | 72,393.4735 | 78,233.9605 | 72,389.4379 | 72,389.4716 | 819,053.2138 | 865,902.8391 | |
| Paid (statement settled on the 5th) | COMPANY CARD STATEMENTS (software, paid media, travel) | A: bank; F: prior balance | 67,925.28 | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 70,730.5053 | 70,963.3425 | 77,034.6402 | 71,678.369 | 71,669.4475 | 71,908.4722 | 72,152.6456 | 64,359.0733 | 72,393.4735 | 78,233.9605 | 72,389.4379 | 819,169.2126 | 861,322.6486 |
| Payable: card statements | COMPANY CARD STATEMENTS (software, paid media, travel) | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 70,730.5053 | 70,963.3425 | 77,034.6402 | 71,678.369 | 71,669.4475 | 71,908.4722 | 72,152.6456 | 64,359.0733 | 72,393.4735 | 78,233.9605 | 72,389.4379 | 72,389.4716 | 67,809.2811 | 72,389.4716 | |
| Invoices incl. VAT | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 52,015.608 | 61,986 | 95,719.896 | 62,591.64 | 52,805.772 | 79,688.208 | 42,612.624 | 38,627.988 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 110,071.2223 | 62,749.362 | 86,360.772 | 75,265.0285 | 51,695.5173 | 89,493.7372 | 64,006.3607 | 52,120.5893 | 64,094.5732 | 52,293.1062 | 52,291.8338 | 52,390.3194 | 701,464.287 | 812,832.4219 | |
| Paid (30 days) | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | A: bank; F: prior balance | 48,894.67 | 52,015.61 | 61,986 | 95,719.9 | 62,591.64 | 52,805.77 | 79,688.21 | 42,612.62 | 38,627.986 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 110,071.2223 | 62,749.362 | 86,360.772 | 75,265.0285 | 51,695.5173 | 89,493.7372 | 64,006.3607 | 52,120.5893 | 64,094.5732 | 52,293.1062 | 52,291.8338 | 700,726.006 | 810,075.0534 |
| Payable: French suppliers | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 52,015.608 | 61,985.998 | 95,719.894 | 62,591.634 | 52,805.766 | 79,688.204 | 42,612.618 | 38,627.986 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 110,071.2223 | 62,749.362 | 86,360.772 | 75,265.0285 | 51,695.5173 | 89,493.7372 | 64,006.3607 | 52,120.5893 | 64,094.5732 | 52,293.1062 | 52,291.8338 | 52,390.3194 | 49,632.951 | 52,390.3194 | |
| TOTAL TRADE PAYABLES | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 254,438.8798 | 261,110.7455 | 303,554.6626 | 264,190.2839 | 258,891.9409 | 290,243.2122 | 264,786.1478 | 252,512.7111 | 261,953.3744 | 270,302.1064 | 265,600.1572 | 356,262.1237 | 339,927.118 | 293,642.2276 | 329,694.207 | 313,508.8842 | 294,659.887 | 333,310.9626 | 310,205.7016 | 291,864.1304 | 313,709.7235 | 311,233.6766 | 306,969.541 | 310,437.0195 | 356,262.1237 | 310,437.0195 |
13-week cash forecast
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | 2026-09-18 | 2026-09-25 | 2026-10-02 | 2026-10-09 | 2026-10-16 | 2026-10-23 | 2026-10-30 | 2026-11-06 | 2026-11-13 | 2026-11-20 | 2026-11-27 | 2026-12-04 | 2026-12-11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Card payouts: Developer packs and Team plans (daily, net of fees) | 78,429.5496 | 78,429.5496 | 78,288.6576 | 77,936.4277 | 77,936.4277 | 77,936.4277 | 77,936.4277 | 81,118.1201 | 81,648.4022 | 81,648.4022 | 81,648.4022 | 80,322.3589 | 79,327.8265 |
| Enterprise receipts (month-end payment runs of the accounts) | 0 | 357,333.3213 | 0 | 0 | 0 | 0 | 224,149.847 | 0 | 0 | 0 | 277,327.759 | 0 | 0 |
| Interest on term deposits (month end) | 0 | 0 | 14,005.8734 | 0 | 0 | 0 | 0 | 13,538.5452 | 0 | 0 | 0 | 12,712.8582 | 0 |
| TOTAL RECEIPTS | 78,429.5496 | 435,762.8709 | 92,294.531 | 77,936.4277 | 77,936.4277 | 77,936.4277 | 302,086.2747 | 94,656.6653 | 81,648.4022 | 81,648.4022 | 358,976.1612 | 93,035.2171 | 79,327.8265 |
| Net pay: salaries and commissions (last working day) | 0 | 0 | -330,112.7492 | 0 | 0 | 0 | -337,278.4714 | 0 | 0 | 0 | 0 | -350,158.3796 | 0 |
| URSSAF for the prior month (DSN date, the 5th) | 0 | 0 | 0 | -237,866.3039 | 0 | 0 | 0 | -242,662.7457 | 0 | 0 | 0 | 0 | -250,832.3431 |
| Income tax withheld at source for the prior month (the 5th) | 0 | 0 | 0 | -47,171.6485 | 0 | 0 | 0 | -48,037.8305 | 0 | 0 | 0 | 0 | -49,867.1374 |
| Agirc-Arrco and schemes for the prior month (effective by the 25th) | 0 | -89,269.91 | 0 | 0 | 0 | -82,399.7544 | 0 | 0 | 0 | 0 | -84,331.152 | 0 | 0 |
| Compute suppliers in USD: Provider A and vendor B (wire on the 15th) | -145,536.4215 | 0 | 0 | 0 | -144,467.3774 | 0 | 0 | 0 | 0 | -122,894.5899 | 0 | 0 | 0 |
| Model API vendor C (15th) | -9,871.04 | 0 | 0 | 0 | -9,998.797 | 0 | 0 | 0 | 0 | -10,170.8811 | 0 | 0 | 0 |
| Company card statements: software, media, travel (5th) | 0 | 0 | 0 | -67,287.2 | 0 | 0 | 0 | -73,276.6353 | 0 | 0 | 0 | 0 | -67,816.0773 |
| French suppliers incl. VAT and equipment (30 days) | -9,013.0475 | -9,013.0475 | -9,031.4394 | -9,077.4194 | -9,077.4194 | -9,077.4194 | -9,077.4194 | -14,088.7742 | -14,924 | -14,924 | -14,924 | -14,347.4323 | -13,915.0065 |
| Rent for the quarter, in advance (first working day) | 0 | 0 | -122,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Insurance (direct debit) | 0 | 0 | 0 | 0 | -4,500 | 0 | 0 | 0 | -4,500 | 0 | 0 | 0 | -4,500 |
| VAT return, CA3 (the 19th) | 0 | -38,769.3256 | 0 | 0 | 0 | -39,723.8989 | 0 | 0 | 0 | -14,685.1254 | 0 | 0 | 0 |
| Local business taxes: CVAE instalment (15 Sep), CFE (15 Dec) | -1,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL PAYMENTS | -166,270.509 | -137,052.2831 | -461,544.1886 | -361,402.5718 | -168,043.5938 | -131,201.0726 | -346,355.8907 | -378,065.9858 | -19,424 | -162,674.5964 | -99,255.152 | -364,505.8119 | -386,930.5642 |
| NET CASH FLOW FOR THE WEEK | -87,840.9594 | 298,710.5878 | -369,249.6576 | -283,466.1441 | -90,107.1661 | -53,264.6449 | -44,269.616 | -283,409.3204 | 62,224.4022 | -81,026.1943 | 259,721.0092 | -271,470.5948 | -307,602.7377 |
| Opening cash | 9,081,350.8583 | 8,993,509.8989 | 9,292,220.4867 | 8,922,970.8291 | 8,639,504.6851 | 8,549,397.519 | 8,496,132.874 | 8,451,863.258 | 8,168,453.9376 | 8,230,678.3398 | 8,149,652.1455 | 8,409,373.1547 | 8,137,902.5599 |
| CLOSING CASH | 8,993,509.8989 | 9,292,220.4867 | 8,922,970.8291 | 8,639,504.6851 | 8,549,397.519 | 8,496,132.874 | 8,451,863.258 | 8,168,453.9376 | 8,230,678.3398 | 8,149,652.1455 | 8,409,373.1547 | 8,137,902.5599 | 7,830,299.8222 |
| Minimum cash buffer (board policy) | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| HEADROOM / (SHORTFALL) VS BUFFER | 5,993,509.8989 | 6,292,220.4867 | 5,922,970.8291 | 5,639,504.6851 | 5,549,397.519 | 5,496,132.874 | 5,451,863.258 | 5,168,453.9376 | 5,230,678.3398 | 5,149,652.1455 | 5,409,373.1547 | 5,137,902.5599 | 4,830,299.8222 |
| Status | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK |
| Measure | Value |
|---|---|
| low | 7,830,299.8222 |
| lowwk | 2026-12-11 |
| short | 4,830,299.8222 |
| fac | 0 |
| fachead | 0 |
| taxwk | 1,227,467.1753 |
| Measure | Value |
|---|---|
| rec close | 7,830,299.8222 |
| rec dec | -37,113.109 |
| rec implied | 7,793,186.7132 |
| rec bs | 7,793,186.7137 |
| rec diff | 0 |
Schedules & controls
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Value |
|---|---|
| overall status | OK |
| check | proves | value | tolerance | status |
|---|---|---|---|---|
| Balance sheet balances in every month | Total assets less liabilities and equity, all 24 months | 0 | 0.5 | OK |
| Cash flow: indirect method equals direct method every month | P&L and balance sheet movements equal the sum of the schedule cash lines | 0 | 0.5 | OK |
| Closing cash on the cash flow equals balance sheet cash | Link integrity | 0 | 0.5 | OK |
| Accumulated losses roll: closing = opening + net result | Equity roll-forward to Dec-27 | 0 | 0.5 | OK |
| Opening balance sheet at 31-Dec-25 balances | FY2025 closing balances on Inputs_Actuals | 0 | 0.5 | OK |
| Developer credits: liability roll-forward equals the pack schedule, every month | Packs live less credits used grossed up for breakage | 0 | 0.5 | OK |
| Opening Developer liability equals the pack schedule at 31-Dec-25 | FY2025 accounts agree with the credit ledger | 0 | 0.5 | OK |
| Usage curve of a pack adds up to one less the expected breakage | Every credit is used or expires | 0 | 0 | OK |
| Team customers: billing system equals the bridge (actual months) | New and lost customers explain the base | 0 | 0.001 | OK |
| Enterprise: every contract position clears at the end of its contract year | Commitment billed + usage above it = usage + unused commitment | 0 | 0.5 | OK |
| Enterprise: change in net contract positions equals billing less revenue, every month | Contract liabilities and assets tie to the account schedules | 0 | 0.5 | OK |
| Revenue by product adds up to total revenue, every month | Mix by segment and account covers every euro | 0 | 0.5 | OK |
| P&L revenue equals the revenue schedule, every month | Link integrity | 0 | 0.5 | OK |
| GPU scheduler hours equal units x GPU hours per unit (actual months, within 1 hour) | Metering and compute agree | 0 | 0.5 | OK |
| On-demand hours equal inference above usable reserved capacity (forecast months) | Capacity rule applied | 0 | 0.5 | OK |
| Product compute costs add up to compute in cost of revenue, every month | Allocation by GPU hours, tokens and hosting drivers is complete | 0 | 0.5 | OK |
| Onerous provision equals the expected commitment shortfall (forecast months) | IAS 37 provision follows the full-year spend | 0 | 0.5 | OK |
| Gross margin by product reconciles to the P&L gross profit, every month | Revenue, compute, card fees and support fully allocated | 0 | 0.5 | OK |
| Gross margin by segment equals gross margin by product, every month | 0 | 0.5 | OK | |
| Gross salaries equal net pay plus employee contributions and withholding, every month | Payroll journal integrity | 0 | 0.5 | OK |
| URSSAF payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| Withholding at source payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| Agirc-Arrco and schemes payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| RGDU coefficient never above its maximum (Tmin + Tdelta) | Headroom to 0.4021 | 0.3242 | 0 | OK |
| VAT position equals the month plus any credit carried, every month | Monthly CA3 | 0 | 0.5 | OK |
| Opening VAT on uncollected French invoices and on unpaid French supplier invoices equal 20/120 of the balances | VAT on services due on collection and deducted on payment | 0 | 0.5 | OK |
| Research tax credit receivable equals the claims still open, every month | FY2025, FY2026 and FY2027 claims | 0 | 0.5 | OK |
| FY2026 and FY2027 credits equal 30% x (eligible personnel + 40%) | CIR arithmetic | 0 | 0.5 | OK |
| Local business taxes accrued at December equal the CVAE of the year less its instalments | CFE and CVAE calendar | 0 | 0.5 | OK |
| Tax losses at Dec-27 = opening + losses of FY2026 and FY2027 - losses used | Losses roll, CIR excluded from taxable income | 0 | 0.5 | OK |
| Corporate income tax charged only on taxable profit after losses (FY2026 and FY2027) | 25% after the EUR 1m plus 50% rule | 0 | 0.5 | OK |
| AR aging: Enterprise, France ties to the ledger | Item listing agrees with the balance at the last actual month | 0 | 0.5 | OK |
| AR aging: Enterprise, outside France ties to the ledger | Item listing agrees with the balance at the last actual month | 0 | 0.5 | OK |
| AP aging: Compute suppliers (USD) ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: Model API vendor C (EUR) ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: Card suppliers ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: French suppliers ties to the Payables schedule | 0 | 0.5 | OK | |
| Card processor balance is nil to the euro, every month | Payouts equal charges less fees | 0 | 0.5 | OK |
| Forecast Enterprise receivables equal the collection rule every month | Receipts never collect an invoice twice when the days change | 0 | 0.5 | OK |
| USD payable at each month end equals the month invoices at the month rate | Exchange differences taken on settlement (IAS 21) | 0 | 0.5 | OK |
| 13-week cash forecast reconciles to the monthly balance sheet at 31-Dec-26 | Weekly phasing distributes exactly the monthly cash lines | 0 | 0.5 | OK |
| Scenario snapshots are current for the selected scenario | Live column equals the stored snapshot | 0 | 0.5 | OK |
| Budget vs actual revenue causes reconcile (YTD and FY) | Volume, price and account effects equal the revenue variance | 0 | 0.5 | OK |
| EBITDA walk from budget to actual reconciles | Variances explain the full EBITDA gap | 0 | 0.5 | OK |
| Enterprise receivables never negative | 105,000 | 0.5 | OK | |
| Trade payables never negative | 8,033.9 | 0.5 | OK | |
| Developer liability and every pack balance never negative | 210,641.7941 | 0.5 | OK | |
| Enterprise usage and commitments never negative (every account, every month) | 0 | 0.001 | OK | |
| Paid leave days outstanding never negative | 274.1133 | 0 | OK | |
| Headcount never negative | 0.9669 | 0 | OK | |
| Fixed assets and the CIR receivable never negative | 197,663.4993 | 0 | OK | |
| Timeline: months flagged actual equal the last actual month number | 0 | 0.5 | OK |
| item | note | value |
|---|---|---|
| Lowest month-end cash in the forecast (selected scenario) | Board buffer: Assumptions | 3,525,929.5474 |
| Headroom over the buffer at the lowest point | Negative = below the board buffer | 525,929.5474 |
| Lowest 13-week closing cash | 7,830,299.8222 | |
| Enterprise net revenue retention on usage at Dec-27 | Below 100% the installed base shrinks without new sales | 1.1726 |
| Largest account share of FY2026 revenue | Above 10% is a concentration risk | 0.066 |
| Disputed Tervane invoice open at the last actual month (EUR) | Credit share and month are scenario drivers | 18,071.21 |
| Provider A 2026 commitment: expected shortfall (USD) | Provided under IAS 37; paid in January unless rolled into 2027 | 113,508.8574 |
| FY2027 revenue running on vendor B models | Single model vendor for voice and agents | 0.5625 |
| type | label | unit | value | note | base | downside | upside | selected | ytd actual reference |
|---|---|---|---|---|---|---|---|---|---|
| scalar | Company name | Serennix AI SAS (fictional demonstration company) | All figures fictional. French simplified joint-stock company (SAS) in Paris, founded 2014, financial year = calendar year, reporting currency EUR. Management accounts under IFRS; statutory accounts under French GAAP (PCG), differences not modelled. | ||||||
| scalar | Reporting currency | EUR | |||||||
| scalar | Model start month (month end) | date | 2026-01-31 | 24 monthly columns from this month | |||||
| scalar | Last actual month (month end) | date | 2026-08-31 | Months up to and including this date are actual (fictional ledger); later months are forecast | |||||
| scalar | Last actual month number | calc | 8 | ||||||
| scalar | Scenario selector (1 = Base, 2 = Downside, 3 = Upside) | input | 1 | Change this cell and every forecast month moves. Base = management case; Downside = worst case; Upside = best case. | |||||
| scalar | Scenario name | calc | Base | ||||||
| scalar | Minimum cash buffer (board policy) | EUR | 3,000,000 | Board policy: six months of net burn; used by the 13-week cash forecast and the CFO report | |||||
| scalar | Undrawn overdraft facility available | EUR | 0 | No overdraft or credit facility; the company is funded by equity | |||||
| scalar | Aged receivables and payables: as-at date | calc | 2026-08-31 | ||||||
| scalar | VAT: standard rate | rate | 0.2 | impots.gouv.fr; CGI art. 278. Charged to customers in France only. | |||||
| scalar | Developer: share of billing to customers in France (20% VAT) | share | 0.35 | Billing system analysis (fictional) | |||||
| scalar | Developer: share of billing to customers in other EU states (reverse charge) | share | 0.4 | ||||||
| scalar | Developer: share of billing to customers in outside the EU (outside the scope) | share | 0.25 | ||||||
| scalar | Team: share of billing to customers in France (20% VAT) | share | 0.45 | Billing system analysis (fictional) | |||||
| scalar | Team: share of billing to customers in other EU states (reverse charge) | share | 0.35 | ||||||
| scalar | Team: share of billing to customers in outside the EU (outside the scope) | share | 0.2 | ||||||
| scalar | Monthly VAT return (CA3) paid on day | day | 19 | impots.gouv.fr: between the 15th and the 24th of the following month, on the date shown in the company professional space (company date: the 19th) | |||||
| scalar | Corporate income tax (IS): standard rate | rate | 0.25 | CGI art. 219; the 15% SME rate needs 75% of the capital held by individuals: not met (venture funds hold the majority) | |||||
| scalar | Tax losses carried forward at 31-Dec-25 | EUR | 15,492,000 | FY2025 tax return (fictional); larger than the accounting losses because the research tax credit is not taxable | |||||
| scalar | Tax losses: amount always usable per year | EUR | 1,000,000 | CGI art. 209-I; BOFiP: EUR 1m plus 50% of the profit above EUR 1m; no time limit | |||||
| scalar | Tax losses: share of the profit above EUR 1m usable | share | 0.5 | ||||||
| scalar | Research tax credit (CIR): rate on eligible spend | rate | 0.3 | CGI art. 244 quater B: 30% up to EUR 100m of eligible spend | |||||
| scalar | CIR: operating costs, flat rate on eligible personnel costs | rate | 0.4 | BOFiP ACTU-2025-00105 (loi de finances pour 2025, art. 55): 40% instead of 43% for expenses from 15 February 2025; patent costs and technology watch removed | |||||
| scalar | CIR for FY2025 (claimed with the FY2025 return, form 2069-A) | EUR | 935,770 | Refunded in July 2026 (bank) | |||||
| scalar | CFE 2026 (business property tax, Paris office) | EUR | 12,900 | impots.gouv.fr: due 15 December; an instalment of 50% of the prior year by 15 June when the prior year was at least EUR 3,000 | |||||
| scalar | CVAE 2026 (value added contribution) | EUR | 3,900 | impots.gouv.fr: instalments on 15 June and 15 September when the prior year exceeded EUR 1,500; balance with the 1329-DEF in May. Rates frozen at the 2024 level for 2026 and 2027, abolition in 2030 (loi de finances pour 2026, LégiFiscal) | |||||
| scalar | CVAE instalment 2026 (each, June and September) | EUR | 1,850 | 50% of the CVAE on the 2025 value added | |||||
| scalar | CFE 2027 (company estimate) | EUR | 13,300 | ||||||
| scalar | CVAE 2027 (company estimate) | EUR | 4,300 | ||||||
| scalar | Health insurance (maladie), employer | rate | 0.13 | LégiSocial 2026 URSSAF table; the 7% reduced rate is abolished from 1-Jan-26 (service-public.gouv.fr F24542) | |||||
| scalar | Old age capped (up to the ceiling), employer | rate | 0.0855 | ||||||
| scalar | Old age uncapped, employer | rate | 0.0211 | ||||||
| scalar | Family allowances, employer | rate | 0.0525 | 5.25%; the 3.45% reduced rate is abolished from 1-Jan-26 and folded into the RGDU (economie.gouv.fr) | |||||
| scalar | Work accident (AT/MP), employer | rate | 0.008 | Assumption: 0.80% for office activities; information needed: the notified rate | |||||
| scalar | Autonomy solidarity (CSA), employer | rate | 0.003 | ||||||
| scalar | Housing fund (FNAL), 50 staff or more, employer | rate | 0.005 | ||||||
| scalar | Social dialogue contribution, employer | rate | 0.0002 | ||||||
| scalar | Unemployment insurance (up to 4 ceilings), employer | rate | 0.04 | ||||||
| scalar | Wage guarantee (AGS, up to 4 ceilings), employer | rate | 0.0025 | ||||||
| scalar | Transport levy (versement mobilité), Paris | rate | 0.032 | service-public.gouv.fr: 3.20% for Paris since 1 February 2024 (employers with 11 staff or more) | |||||
| scalar | Training and apprenticeship (CUFPA), 11 staff or more | rate | 0.0168 | 1.00% training plus 0.68% apprenticeship tax | |||||
| scalar | Agirc-Arrco pension, band 1, employer | rate | 0.0472 | LégiSocial, Agirc-Arrco 2026: 4.72% and 3.15%; CEG 1.29% and 0.86% | |||||
| scalar | Agirc-Arrco CEG, band 1, employer | rate | 0.0129 | ||||||
| scalar | Agirc-Arrco pension, band 2, employer | rate | 0.1295 | 12.95% and 8.64%; CEG 1.62% and 1.08% | |||||
| scalar | Agirc-Arrco CEG, band 2, employer | rate | 0.0162 | ||||||
| scalar | Agirc-Arrco CET (pay above the ceiling), employer | rate | 0.0021 | 0.21% and 0.14% on the whole pay up to 8 ceilings | |||||
| scalar | APEC (managers, up to 4 ceilings), employer | rate | 0.0004 | 0.036% and 0.024% | |||||
| scalar | Old age capped, employee | rate | 0.069 | ||||||
| scalar | Old age uncapped, employee | rate | 0.004 | ||||||
| scalar | Agirc-Arrco band 1, employee | rate | 0.0315 | ||||||
| scalar | Agirc-Arrco CEG band 1, employee | rate | 0.0086 | ||||||
| scalar | Agirc-Arrco band 2, employee | rate | 0.0864 | ||||||
| scalar | Agirc-Arrco CEG band 2, employee | rate | 0.0108 | ||||||
| scalar | Agirc-Arrco CET, employee | rate | 0.0014 | ||||||
| scalar | APEC, employee | rate | 0.0002 | ||||||
| scalar | CSG and CRDS, employee (on 98.25% of pay) | rate | 0.097 | 6.80% deductible, 2.40% and 0.50% not deductible | |||||
| scalar | CSG and CRDS base (share of gross pay) | rate | 0.9825 | ||||||
| scalar | CSG and CRDS not deductible (added to the income tax base) | rate | 0.029 | ||||||
| scalar | RGDU: minimum coefficient (Tmin) | coef | 0.02 | service-public.gouv.fr F24542: from 1-Jan-26 the general reduction is degressive up to 3 x SMIC; 50 staff or more: Tmin 0.0200, Tdelta 0.3821, exponent 1.75, maximum 0.4021 | |||||
| scalar | RGDU: Tdelta | coef | 0.3821 | ||||||
| scalar | RGDU: exponent | power | 1.75 | ||||||
| scalar | Monthly social security ceiling (PMSS) 2026 | EUR | 4,005 | Arrêté du 22 décembre 2025 (Légifrance): EUR 4,005 | |||||
| scalar | Monthly social security ceiling 2027 | EUR | 4,085 | Assumption: +2.0% until the 2027 arrete is published | |||||
| scalar | SMIC (monthly, 35 hours) from 1-Jan-26 | EUR | 1,823.03 | info.gouv.fr: EUR 1,823.03 from 1 January 2026, EUR 1,867.02 from 1 June 2026 (automatic revaluation) | |||||
| scalar | SMIC (monthly) from 1-Jun-26 | EUR | 1,867.02 | ||||||
| scalar | SMIC (monthly) from 1-Jan-27 | EUR | 1,900.63 | Assumption: +1.8% on 1 January 2027 | |||||
| scalar | Health, protection and transport schemes: employer cost per head a month | EUR | 110 | Company plans (fictional), including the statutory 50% of public transport passes | |||||
| scalar | Paid leave: working days a year | days | 25 | Code du travail L3141-3: 2.5 working days (ouvrables) a month, modelled as 25 working days (ouvres) a year; provision valued at gross pay plus employer contributions | |||||
| scalar | Working days a month (to value a day of leave) | days | 21.67 | ||||||
| scalar | Band | Code | Department | Annual salary FY2026 | |||||
| scalar | Machine learning research scientists | RES | RND | 98,000 | |||||
| scalar | Machine learning engineers | MLE | RND | 78,000 | |||||
| scalar | Software engineers | ENG | RND | 70,000 | |||||
| scalar | CTO and engineering leads | LEAD | RND | 125,000 | |||||
| scalar | Product managers and designers | PRD | RND | 72,000 | |||||
| scalar | Solutions engineers and support | SOL | COR | 52,000 | |||||
| scalar | Customer success managers | CSM | COR | 56,000 | |||||
| scalar | Head of sales | SALH | SM | 130,000 | |||||
| scalar | Account executives (base salary) | AE | SM | 76,000 | |||||
| scalar | Sales development representatives | SDR | SM | 40,000 | |||||
| scalar | Marketing | MKT | SM | 58,000 | |||||
| scalar | Founders and executives (CEO, COO) | EXE | GA | 140,000 | |||||
| scalar | Finance, people and office | GA | GA | 50,000 | |||||
| scalar | Attrition a year, base: research and development | rate | 0.1 | Company history and the Paris market for the role (company assumption) | |||||
| scalar | Attrition a year, base: solutions, support and customer success | rate | 0.15 | ||||||
| scalar | Attrition a year, base: sales and marketing | rate | 0.2 | ||||||
| scalar | Attrition a year, base: general and administrative | rate | 0.08 | ||||||
| scalar | Equipment per new hire | EUR | 2,400 | ||||||
| scalar | IT replacement cycle, capex per month | EUR | 2,500 | ||||||
| scalar | Recruitment cost per hire (agency and job boards) | EUR | 7,500 | ||||||
| scalar | Software and IT tools per person per month | EUR | 240 | ||||||
| scalar | Sales commission on each annual commitment signed (new and renewal) | rate | 0.06 | Commission plan FY2026 (fictional), paid with the next payroll. Expensed: IFRS 15.94 practical expedient (amortisation period one year or less; renewal commissions equal new ones) | |||||
| scalar | List price per 1,000 pages: Document AI (FY2025) | EUR | 12 | Price list 2025 (fictional) | |||||
| scalar | List price per 1,000 audio minutes: Voice AI (FY2025) | EUR | 9 | ||||||
| scalar | List price per 1,000 agent actions: Agent workspace (FY2025) | EUR | 20 | ||||||
| scalar | List price per 1,000 pages: Document AI (from 1-Jan-26) | EUR | 11.04 | Price list 2026 (fictional): 8% below 2025 on every product | |||||
| scalar | List price per 1,000 audio minutes: Voice AI (from 1-Jan-26) | EUR | 8.28 | ||||||
| scalar | List price per 1,000 agent actions: Agent workspace (from 1-Jan-26) | EUR | 18.4 | ||||||
| scalar | Developer credits: expected breakage (share of credits never used) | share | 0.12 | History: the 2024 packs expired with 12.2% unused. Recognised in proportion to the credits used (IFRS 15.B46); the difference to actual expiry is trued up when each pack expires after 12 months | |||||
| scalar | Developer credits: share of a pack used by month of age | Age 0 | Age 1 | Age 2 | |||||
| scalar | Share of the pack used in the month (ages 0 to 6) | 0.21 | 0.17 | 0.12 | |||||
| scalar | Share of the pack used in the month (ages 7 to 11; unused credits expire at 12 months) | 0.035 | 0.028 | 0.022 | |||||
| scalar | Share of a pack used before expiry (1 - breakage) | calc | 0.88 | ||||||
| scalar | Developer credits used on Document AI | share | 0.5 | Metering system, FY2026 year to date | |||||
| scalar | Developer credits used on Voice AI | share | 0.3 | ||||||
| scalar | Developer credits used on Agent workspace | share | 0.2 | ||||||
| scalar | Developer credit purchases: run-rate before seasonality at Aug-26 | EUR | 101,109 | FY2026 purchases grew 3.4% a month on average; forecast growth is a scenario driver | |||||
| scalar | Developer credits: average pack | EUR | 150 | ||||||
| scalar | Team: new customers a month before seasonality | customers | 14.9 | FY2026 year to date (14.5 a month on the seasonal pattern) | |||||
| scalar | Team: customers lost a month (share of opening) | rate | 0.024 | FY2026 year to date 2.4% (2025: 2.3%) | |||||
| scalar | Team: plan fee per customer, growth a month (upgrades) | rate | 0.002 | FY2026 year to date | |||||
| scalar | Team: share of the plan fee used as included usage (at list prices) | share | 0.85 | Unused allowance lapses each month; revenue is the plan fee | |||||
| scalar | Team usage on Document AI | share | 0.4 | ||||||
| scalar | Team usage on Voice AI | share | 0.25 | ||||||
| scalar | Team usage on Agent workspace | share | 0.35 | ||||||
| scalar | Enterprise: renewal probability of accounts won in 2026 and pipeline wins (first renewal) | probability | 0.92 | ||||||
| scalar | Enterprise: days from invoice to cash | days | 50 | FY2026 experience across 45 and 60-day terms (accounts pay in their month-end runs) | |||||
| scalar | Disputed invoice: Tervane Assurances May usage above the commitment (incl. VAT) | EUR | 18,071.21 | See AR_Aging; open since June | |||||
| scalar | Disputed invoice excluding VAT | EUR | 15,059.34 | ||||||
| scalar | Credit expected at Aug-26 (refund liability, IFRS 15.55) | share | 0.3 | Engineering estimate of the calls retried during the 28 April incident | |||||
| scalar | GPU hours per 1,000 pages at FY2025 efficiency: Document AI | hours | 0.18 | Metering system, FY2025 average | |||||
| scalar | GPU hours per 1,000 audio minutes at FY2025 efficiency: Voice AI | hours | 0.22 | ||||||
| scalar | GPU hours per 1,000 agent actions at FY2025 efficiency: Agent workspace | hours | 0.02 | ||||||
| scalar | Model tokens per 1,000 pages (millions): Document AI | m tokens | 0.25 | Document AI runs on vendor C models; voice and agents on vendor B models | |||||
| scalar | Model tokens per 1,000 audio minutes (millions): Voice AI | m tokens | 1.2 | ||||||
| scalar | Model tokens per 1,000 agent actions (millions): Agent workspace | m tokens | 3 | ||||||
| scalar | Model API vendor B: price per million tokens to Sep-26 | USD | 2 | Vendor B price list; its announced price for Q4 is a scenario driver | |||||
| scalar | Model API vendor C: price per million tokens | EUR | 1.6 | EU vendor, reverse charge | |||||
| scalar | Hosting, storage and network: fixed a month | USD | 18,000 | Provider A invoices (fictional) | |||||
| scalar | Hosting, storage and network per 1,000 pages: Document AI | USD | 0.35 | ||||||
| scalar | Hosting, storage and network per 1,000 audio minutes: Voice AI | USD | 0.25 | ||||||
| scalar | Hosting, storage and network per 1,000 agent actions: Agent workspace | USD | 0.1 | ||||||
| scalar | Reserved GPU: price per GPU hour | USD | 1.95 | One-year reservation with Provider A, billed monthly for every hour | |||||
| scalar | On-demand GPU: price per GPU hour | USD | 3.4 | Provider A list price, used when inference exceeds the usable reserved capacity | |||||
| scalar | Usable share of reserved GPU hours for inference (headroom for peaks) | share | 0.85 | ||||||
| scalar | Reserved GPUs 2026 | GPUs | 16 | 12 in 2025 | |||||
| scalar | Research: GPU hours a month wanted for training and experiments | hours | 2,000 | Scheduled in reserved capacity that inference does not need; charged to research and development | |||||
| scalar | Provider A spend commitment 2025 | USD | 520,000 | Met: spend USD 533.7k (History) | |||||
| scalar | Provider A spend commitment 2026 (calendar year; reserved GPUs, on-demand GPUs and hosting count) | USD | 780,000 | Signed Nov-25 (fictional). A shortfall is invoiced in December and paid in January | |||||
| scalar | Paid media and content a month | EUR | 38,000 | x1.15 in March and October, x0.8 in August | |||||
| scalar | Events and conferences a month | EUR | 14,000 | x2.5 in June (Paris AI trade show) | |||||
| scalar | Office rent a month (Paris; paid quarterly in advance) | EUR | 34,000 | Commercial lease (bail commercial) to Dec-30 (fictional) | |||||
| scalar | Legal, statutory audit and accounting a month | EUR | 16,000 | Statutory auditor fee billed in March (x2.2) | |||||
| scalar | Insurance a month (no VAT) | EUR | 4,500 | Direct debit | |||||
| scalar | Travel a month (VAT not recovered) | EUR | 11,000 | Passenger transport and staff accommodation are excluded from VAT deduction | |||||
| scalar | Recruitment: fixed a month (job boards) | EUR | 1,000 | ||||||
| scalar | Overhead inflation applied from FY2027 | rate | 0.025 | ||||||
| scalar | Interest earned on cash (term deposits) | rate | 0.018 | Treasury placements (fictional); paid monthly | |||||
| scalar | Card processing: rate on charges incl. VAT | rate | 0.019 | Company analysis of the payment processor statements (card mix) | |||||
| scalar | Card processing: fee per charge | EUR | 0.25 | ||||||
| scalar | Driver | Unit | Base | Downside | |||||
| scenario_driver | Developer credit purchases: growth a month | rate | FY2026 year to date 3.4% a month | 0.03 | 0.01 | 0.04 | 0.03 | ||
| scenario_driver | Team: new customers (x run-rate) | x | 1 | 0.7 | 1.15 | 1 | 0.9732 | ||
| scenario_driver | Team: customers lost (x YTD rate) | x | 1 | 1.3 | 0.85 | 1 | |||
| scenario_driver | Team: usage above the allowance (share of plan fees) | share | 0.23 | 0.19 | 0.25 | 0.23 | 0.2287 | ||
| scenario_driver | Enterprise: usage growth (x account rates on the Account_Register) | x | Renewal and win probabilities by account and scenario sit on the Account_Register | 1 | 0.5 | 1.25 | 1 | ||
| scenario_driver | Enterprise: commitment uplift at renewal | rate | New commitment = higher of prior x (1 + uplift) and 95% of the usage in the year ending | 0.08 | 0 | 0.12 | 0.08 | ||
| scenario_driver | Enterprise pipeline: start delay | months | 0 | 2 | 0 | 0 | |||
| scenario_driver | List price cut on 1 January 2027 (customers keep their budget: units rise) | share | Assumption: customers spend the same budget, so a cut buys more units and raises the cost to serve | 0.1 | 0.2 | 0.05 | 0.1 | ||
| scenario_driver | Model API vendor B: price per million tokens from Oct-26 | USD | Vendor B announced a Q4 price change; the level is uncertain | 1.5 | 1.8 | 1.4 | 1.5 | ||
| scenario_driver | GPU hours per unit: reduction a quarter from Q4-26 | rate | FY2026 actual pace 2% a quarter (model optimisation and batching) | 0.03 | 0.01 | 0.04 | 0.03 | ||
| scenario_driver | Reserved GPUs 2027 | GPUs | Decision needed by November for the 2027 reservation; 16 in 2026 | 20 | 18 | 22 | 20 | ||
| scenario_driver | Provider A spend commitment 2027 | USD | Sized with the 2027 reservation; any shortfall is invoiced in December 2027 | 800,000 | 700,000 | 850,000 | 800,000 | ||
| scenario_driver | USD per EUR, forecast | rate | Base: ECB reference rate of 22-Sep-26 | 1.1463 | 1.08 | 1.18 | 1.1463 | 1.1628 | |
| scenario_driver | CIR for FY2026: month refunded | month | Claim filed with the FY2026 return in May 2027; the 2025 claim took two months | 2027-09-30 | 2027-12-31 | 2027-08-31 | 2027-09-30 | ||
| scenario_driver | Pay review January 2027 | rate | Company assumption; information needed: the approved 2027 pay review | 0.03 | 0.02 | 0.035 | 0.03 | ||
| scenario_driver | Planned hires made (share of the hiring plan on People) | share | Downside response: half the plan, the rest frozen | 1 | 0.5 | 1 | 1 | ||
| scenario_driver | Leavers replaced (share) | share | 1 | 0.5 | 1 | 1 | |||
| scenario_driver | Attrition (x base rates) | x | Fewer people leave in a weak market | 1 | 0.7 | 1 | 1 | ||
| scenario_driver | Marketing programmes FY2027 (x FY2026 run-rate) | x | 1 | 0.8 | 1.1 | 1 | |||
| scenario_driver | Enterprise: extra days to collect | days | 0 | 15 | 0 | 0 | 56.5562 | ||
| scenario_driver | Disputed Tervane invoice: share credited | share | The rest is collected in the same month | 0.3 | 0.6 | 0.1 | 0.3 | ||
| scenario_driver | Disputed Tervane invoice: month settled | month | 2026-10-31 | 2026-12-31 | 2026-10-31 | 2026-10-31 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit packs purchased (ex VAT) | DEVELOPER CREDITS (billing and credit ledger) | billing system | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 706,057 | |||||||||||||||||
| Credits used from packs bought in Jan-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 0 | |||||||||||||||||||||||||
| Credits used from packs bought in Feb-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 935.6 | 935.6 | ||||||||||||||||||||||||
| Credits used from packs bought in Mar-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 1,122.51 | 1,060.15 | 2,182.66 | |||||||||||||||||||||||
| Credits used from packs bought in Apr-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 1,435.74 | 1,174.7 | 1,109.44 | 3,719.88 | ||||||||||||||||||||||
| Credits used from packs bought in May-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,020.28 | 1,587.36 | 1,298.75 | 1,226.6 | 6,132.99 | |||||||||||||||||||||
| Credits used from packs bought in Jun-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,363.94 | 1,891.15 | 1,485.9 | 1,215.74 | 1,148.2 | 8,104.93 | ||||||||||||||||||||
| Credits used from packs bought in Jul-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,886.6 | 2,245.13 | 1,796.11 | 1,411.23 | 1,154.64 | 1,090.49 | 10,584.2 | |||||||||||||||||||
| Credits used from packs bought in Aug-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 3,455.76 | 2,827.44 | 2,199.12 | 1,759.29 | 1,382.3 | 1,130.97 | 1,068.14 | 13,823.02 | ||||||||||||||||||
| Credits used from packs bought in Sep-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 5,724.14 | 4,497.54 | 3,679.8 | 2,862.07 | 2,289.65 | 1,799.01 | 1,471.92 | 1,390.15 | 23,714.28 | |||||||||||||||||
| Credits used from packs bought in Oct-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 7,457.16 | 5,800.01 | 4,557.15 | 3,728.58 | 2,900.01 | 2,320.01 | 1,822.86 | 1,491.43 | 30,077.21 | |||||||||||||||||
| Credits used from packs bought in Nov-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 9,634.65 | 7,225.99 | 5,620.21 | 4,415.88 | 3,612.99 | 2,810.11 | 2,248.09 | 1,766.35 | 37,334.27 | |||||||||||||||||
| Credits used from packs bought in Dec-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 14,133.99 | 9,976.93 | 7,482.7 | 5,819.88 | 4,572.76 | 3,741.35 | 2,909.94 | 2,327.95 | 50,965.5 | |||||||||||||||||
| Credits used from packs bought in Jan-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 15,601.13 | 12,629.48 | 8,914.93 | 6,686.2 | 5,200.38 | 4,086.01 | 3,343.1 | 2,600.19 | 59,061.42 | |||||||||||||||||
| Credits used from packs bought in Feb-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,193.51 | 15,537.6 | 10,967.72 | 8,225.79 | 6,397.84 | 5,026.87 | 4,112.89 | 69,462.22 | ||||||||||||||||||
| Credits used from packs bought in Mar-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,331.38 | 15,649.21 | 11,046.5 | 8,284.88 | 6,443.79 | 5,062.98 | 65,818.74 | |||||||||||||||||||
| Credits used from packs bought in Apr-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 18,059.84 | 14,619.87 | 10,319.91 | 7,739.93 | 6,019.95 | 56,759.5 | ||||||||||||||||||||
| Credits used from packs bought in May-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 17,541.01 | 14,199.86 | 10,023.43 | 7,517.57 | 49,281.87 | |||||||||||||||||||||
| Credits used from packs bought in Jun-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 20,171.22 | 16,329.08 | 11,526.41 | 48,026.71 | ||||||||||||||||||||||
| Credits used from packs bought in Jul-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,672.54 | 15,925.39 | 35,597.93 | |||||||||||||||||||||||
| Credits used from packs bought in Aug-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 18,490.68 | 18,490.68 | ||||||||||||||||||||||||
| Customers at month end | TEAM (billing system) | billing system | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 0 | |||||||||||||||||
| New customers | TEAM (billing system) | billing system | 22 | 15 | 23 | 13 | 14 | 13 | 8 | 8 | 116 | |||||||||||||||||
| Customers lost | TEAM (billing system) | billing system | 13 | 9 | 7 | 9 | 4 | 8 | 11 | 9 | 70 | |||||||||||||||||
| Plan fees | TEAM (billing system) | billing system | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 1,283,228.09 | |||||||||||||||||
| Usage above the allowance | TEAM (billing system) | billing system | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 293,514.38 | |||||||||||||||||
| E01 Tervane Assurances: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 271,396.63 | |||||||||||||||||
| E02 Draxholm Logistik: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 138,283.23 | |||||||||||||||||
| E03 Lunedo Banca: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 245,193.99 | |||||||||||||||||
| E04 Kellbrook Utilities: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 13,618.17 | 15,121.65 | 15,187.01 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 120,537 | |||||||||||||||||
| E05 Ambrelle Sante: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 14,835.98 | 15,921.18 | 16,481.85 | 122,963.87 | |||||||||||||||||
| E06 Veskari Telecom: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 17,035.62 | 124,017.75 | |||||||||||||||||
| E07 Oisterra Energia: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 121,099.69 | |||||||||||||||||
| E08 Pravenza Retail: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | |||||||||||||||||
| E09 Solberre Mutuelle: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,445.85 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 113,692.75 | |||||||||||||||||
| E10 Ivarone Insurance: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,886.68 | 15,829.89 | 17,869.82 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 133,586.74 | |||||||||||||||||
| E11 Mercadel Foods: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 9,199.87 | 9,997.67 | 10,470.53 | 11,996.73 | 74,751.16 | |||||||||||||||||
| E12 Halvesta Travel: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 11,833.15 | 11,573.31 | 88,143.13 | |||||||||||||||||
| E13 Varnholm Freight: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 77,980.1 | |||||||||||||||||
| E14 Brevalle Logistique: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 59,420.83 | |||||||||||||||||
| E15 Maltessa Telecom: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 29,807.63 | |||||||||||||||||
| E01: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 380,000 | 380,000 | 380,000 | 0 | |||||||||||||||||
| E02: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 0 | |||||||||||||||||
| E03: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 300,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 0 | |||||||||||||||||
| E04: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 190,000 | 190,000 | 190,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 0 | |||||||||||||||||
| E05: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 260,000 | 260,000 | 0 | |||||||||||||||||
| E06: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 0 | |||||||||||||||||
| E07: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 0 | |||||||||||||||||
| E08: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 160,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| E09: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 180,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 0 | |||||||||||||||||
| E10: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 160,000 | 160,000 | 160,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 0 | |||||||||||||||||
| E11: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 130,000 | 130,000 | 130,000 | 0 | |||||||||||||||||
| E12: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 150,000 | 0 | |||||||||||||||||
| E13: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 0 | |||||||||||||||||
| E14: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 0 | 0 | 0 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 0 | |||||||||||||||||
| E15: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 300,000 | 0 | |||||||||||||||||
| Refund liability for expected credit notes (month end) | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | ledger | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 0 | |||||||||||||||||
| Developer: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,024.1 | 3,175.2 | 3,306.8 | 3,342.5 | 3,337.6 | 3,458 | 3,537.1 | 3,543.1 | 26,724.4 | |||||||||||||||||
| Developer: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 2,419.3 | 2,540.2 | 2,645.4 | 2,674 | 2,670.1 | 2,766.4 | 2,829.7 | 2,834.5 | 21,379.6 | |||||||||||||||||
| Developer: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 725.8 | 762.1 | 793.6 | 802.2 | 801 | 829.9 | 848.9 | 850.3 | 6,413.8 | |||||||||||||||||
| Team: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 5,777.2 | 5,839.7 | 6,059.2 | 6,145.7 | 6,407.4 | 6,641.2 | 6,632.3 | 6,651.6 | 50,154.3 | |||||||||||||||||
| Team: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 4,814.3 | 4,866.4 | 5,049.3 | 5,121.4 | 5,339.5 | 5,534.3 | 5,526.9 | 5,543 | 41,795.1 | |||||||||||||||||
| Team: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,033 | 3,065.9 | 3,181.1 | 3,226.5 | 3,363.9 | 3,486.6 | 3,481.9 | 3,492.1 | 26,331 | |||||||||||||||||
| Enterprise: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 11,589.7 | 11,899.1 | 11,599.8 | 12,705.5 | 12,837 | 13,328.9 | 14,412.8 | 14,381.4 | 102,754.2 | |||||||||||||||||
| Enterprise: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 11,404.9 | 11,811.6 | 11,307.7 | 11,687 | 11,836.6 | 12,143.2 | 14,444.4 | 14,432.9 | 99,068.3 | |||||||||||||||||
| Enterprise: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,907 | 4,049.6 | 3,534.8 | 3,845.5 | 3,884.9 | 4,048.9 | 4,571.1 | 4,624.8 | 32,466.6 | |||||||||||||||||
| GPU hours used for inference | USAGE AND COMPUTE (metering system and supplier invoices) | GPU scheduler | 7,765.7 | 7,987.1 | 7,942.4 | 8,104.3 | 8,251.7 | 8,530.3 | 9,053.4 | 9,055.5 | 66,690.4 | |||||||||||||||||
| GPU hours used for research | USAGE AND COMPUTE (metering system and supplier invoices) | GPU scheduler | 2,000 | 1,152.1 | 2,000 | 1,687.7 | 1,866.7 | 1,261.7 | 1,065 | 1,062.9 | 12,096.1 | |||||||||||||||||
| On-demand GPU hours | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Provider A: reserved GPUs (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 23,212.8 | 20,966.4 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 23,212.8 | 181,958.4 | |||||||||||||||||
| Provider A: on-demand GPUs (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Provider A: hosting, storage and network (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 32,001.99 | 31,169.81 | 29,925.08 | 30,371.93 | 30,331.75 | 33,315.01 | 34,707.42 | 34,955.11 | 256,778.1 | |||||||||||||||||
| Model tokens, vendor B (millions) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor B usage report | 45,363.6 | 46,694.3 | 45,331.2 | 47,001.3 | 47,964.9 | 49,628.9 | 54,067.2 | 54,274.2 | 390,325.6 | |||||||||||||||||
| Model API vendor B (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor B invoice | 90,587.32 | 93,347.54 | 92,058.43 | 91,600.75 | 99,739.14 | 97,887.62 | 106,990.41 | 108,660.49 | 780,871.7 | |||||||||||||||||
| Model tokens, vendor C (millions) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor C usage report | 5,097.8 | 5,228.5 | 5,241.4 | 5,548.4 | 5,645.5 | 5,857 | 6,145.5 | 6,144 | 44,908.1 | |||||||||||||||||
| Model API vendor C (EUR) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor C invoice | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 71,431.42 | |||||||||||||||||
| Provider A 2026 commitment: expected shortfall at month end (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | CFO estimate | 0 | 0 | 0 | 0 | 0 | 55,000 | 80,000 | 113,500 | 0 | |||||||||||||||||
| Research and development: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 271,356.79 | 279,644.1 | 284,994.22 | 293,129.64 | 286,465.73 | 292,350.55 | 292,577.46 | 286,745.35 | 2,287,263.84 | |||||||||||||||||
| Research and development: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 98,305.61 | 101,080.11 | 103,127.91 | 105,634.79 | 103,675.59 | 105,575.49 | 105,687.75 | 103,217.21 | 826,304.46 | |||||||||||||||||
| Research and development: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Research and development: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 26,523.58 | 27,503.35 | 27,822.05 | 28,599.6 | 27,957.74 | 28,480.84 | 28,574.6 | 27,930.34 | 223,392.1 | |||||||||||||||||
| Research and development: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,400 | 4,510 | 4,620 | 4,730 | 4,620 | 4,730 | 4,730 | 4,620 | 36,960 | |||||||||||||||||
| Research and development: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 38,039.25 | 39,126.57 | 39,982.18 | 40,903.99 | 40,048.38 | 40,903.99 | 40,903.99 | 39,982.18 | 319,890.53 | |||||||||||||||||
| Research and development: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 17,712.35 | 18,290.86 | 18,638.74 | 19,052.51 | 18,704.63 | 19,052.51 | 19,052.51 | 18,638.74 | 149,142.85 | |||||||||||||||||
| Research and development: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 28,420.42 | 29,363.11 | 29,890.68 | 30,532.63 | 30,005.07 | 30,532.63 | 30,532.63 | 29,890.68 | 239,167.85 | |||||||||||||||||
| Research and development: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 187,184.77 | 192,863.56 | 196,482.62 | 202,640.51 | 197,707.65 | 201,861.42 | 202,088.33 | 198,233.75 | 1,579,062.61 | |||||||||||||||||
| Solutions, support and customer success: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 44,731.88 | 44,644.94 | 48,929.27 | 49,028.66 | 53,697.65 | 53,568.65 | 53,627.56 | 53,606.43 | 401,835.04 | |||||||||||||||||
| Solutions, support and customer success: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 16,001.64 | 16,049.25 | 17,545.79 | 17,665.12 | 19,286.37 | 19,168.16 | 19,180.91 | 19,215.38 | 144,112.62 | |||||||||||||||||
| Solutions, support and customer success: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,274.26 | 1,274.26 | 1,408.19 | 1,408.19 | 1,525.87 | 1,633.2 | 1,633.2 | 1,633.2 | 11,790.37 | |||||||||||||||||
| Solutions, support and customer success: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 3,190.8 | 3,194.07 | 3,487.66 | 3,490.78 | 3,834.33 | 3,836.43 | 3,828.49 | 3,834.7 | 28,697.26 | |||||||||||||||||
| Solutions, support and customer success: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,100 | 1,100 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 9,900 | |||||||||||||||||
| Solutions, support and customer success: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 7,198.96 | 7,198.96 | 7,905.62 | 7,905.62 | 8,645.37 | 8,645.37 | 8,645.37 | 8,645.37 | 64,790.64 | |||||||||||||||||
| Solutions, support and customer success: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 2,128 | 2,128 | 2,327.62 | 2,327.62 | 2,560.19 | 2,560.19 | 2,560.19 | 2,560.19 | 19,152 | |||||||||||||||||
| Solutions, support and customer success: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 3,082.08 | 3,082.08 | 3,366.12 | 3,366.12 | 3,710.58 | 3,710.58 | 3,710.58 | 3,710.58 | 27,738.72 | |||||||||||||||||
| Solutions, support and customer success: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 32,322.84 | 32,235.9 | 35,329.91 | 35,429.3 | 38,781.51 | 38,652.51 | 38,711.42 | 38,690.29 | 290,153.68 | |||||||||||||||||
| Sales and marketing: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 75,446.95 | 81,502.72 | 81,398.84 | 86,372.25 | 86,271.42 | 86,334.25 | 82,709.59 | 82,918.92 | 662,954.94 | |||||||||||||||||
| Sales and marketing: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 26,631.89 | 28,865.77 | 28,843.65 | 30,672.06 | 30,602.95 | 30,487.31 | 29,428.75 | 29,363.32 | 234,895.7 | |||||||||||||||||
| Sales and marketing: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,411.44 | 1,411.44 | 1,411.44 | 1,523.88 | 1,523.88 | 1,631.61 | 1,371.97 | 1,371.97 | 11,657.63 | |||||||||||||||||
| Sales and marketing: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,538.52 | 7,124.55 | 7,120.81 | 7,495.61 | 7,494.91 | 7,525.81 | 7,298.54 | 7,283.75 | 57,882.5 | |||||||||||||||||
| Sales and marketing: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,540 | 1,650 | 1,650 | 1,760 | 1,760 | 1,760 | 1,650 | 1,650 | 13,420 | |||||||||||||||||
| Sales and marketing: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 11,147.69 | 12,052.95 | 12,052.95 | 12,809.26 | 12,809.26 | 12,809.26 | 12,248.25 | 12,248.25 | 98,177.87 | |||||||||||||||||
| Sales and marketing: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,359.42 | 4,756.72 | 4,756.72 | 5,005.76 | 5,005.76 | 5,005.76 | 4,872.09 | 4,872.09 | 38,634.32 | |||||||||||||||||
| Sales and marketing: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,821.06 | 7,446.41 | 7,446.41 | 7,803.32 | 7,803.32 | 7,803.32 | 7,639.3 | 7,639.3 | 60,402.44 | |||||||||||||||||
| Sales and marketing: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 53,118.78 | 57,246.64 | 57,142.76 | 60,753.91 | 60,653.08 | 60,715.91 | 57,949.95 | 58,159.28 | 465,740.31 | |||||||||||||||||
| General and administrative: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 44,038.84 | 44,160.07 | 48,481.69 | 48,284.21 | 48,232.1 | 48,300.51 | 48,343.52 | 48,411.5 | 378,252.44 | |||||||||||||||||
| General and administrative: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 15,411.81 | 15,436.28 | 16,921.53 | 16,868.15 | 16,906.94 | 16,873.59 | 16,802.42 | 16,818.28 | 132,039 | |||||||||||||||||
| General and administrative: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 725.92 | 725.92 | 871.11 | 871.11 | 871.11 | 939.39 | 939.39 | 939.39 | 6,883.34 | |||||||||||||||||
| General and administrative: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,145.81 | 4,147.51 | 4,421.57 | 4,418.95 | 4,423.95 | 4,425.14 | 4,425.64 | 4,433.12 | 34,841.69 | |||||||||||||||||
| General and administrative: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 770 | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 6,820 | |||||||||||||||||
| General and administrative: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,320.28 | 6,320.28 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 54,702.84 | |||||||||||||||||
| General and administrative: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 2,764.63 | 2,764.63 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 23,215.94 | |||||||||||||||||
| General and administrative: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 5,220.76 | 5,220.76 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 43,403.9 | |||||||||||||||||
| General and administrative: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 29,733.17 | 29,854.4 | 33,029.8 | 32,832.32 | 32,780.21 | 32,848.62 | 32,891.63 | 32,959.61 | 256,929.76 | |||||||||||||||||
| Machine learning research scientists: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 0 | |||||||||||||||||
| Machine learning engineers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 11 | 0 | |||||||||||||||||
| Software engineers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 13 | 13 | 14 | 14 | 13 | 14 | 14 | 14 | 0 | |||||||||||||||||
| CTO and engineering leads: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 0 | |||||||||||||||||
| Product managers and designers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Solutions engineers and support: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 0 | |||||||||||||||||
| Customer success managers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 0 | |||||||||||||||||
| Head of sales: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |||||||||||||||||
| Account executives (base salary): headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Sales development representatives: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | |||||||||||||||||
| Marketing: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 0 | |||||||||||||||||
| Founders and executives (CEO, COO): headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | |||||||||||||||||
| Finance, people and office: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Paid leave days taken | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | HR system | 70.3 | 147.8 | 70.6 | 163.4 | 178 | 107.6 | 292.7 | 574.9 | 1,605.3 | |||||||||||||||||
| Sales commissions earned (gross) | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | commission statements | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 141,000 | |||||||||||||||||
| CIR-eligible personnel costs (time records: research share of salaries and employer contributions) | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | time records | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 1,805,641.28 | |||||||||||||||||
| Software and IT tools | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 17,964.17 | 17,385.59 | 18,123.85 | 19,869.56 | 17,944.87 | 18,293.52 | 18,498.38 | 18,949.95 | 147,029.89 | |||||||||||||||||
| Paid media and content | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 40,122.19 | 38,266.5 | 44,158.36 | 39,060.9 | 36,977.95 | 39,565.64 | 38,526.92 | 31,571.67 | 308,250.13 | |||||||||||||||||
| Events and conferences | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 14,295.59 | 12,160.67 | 12,759.39 | 12,697.28 | 14,181.74 | 38,077.73 | 14,789.14 | 13,126.66 | 132,088.2 | |||||||||||||||||
| Office rent, Paris (quarterly in advance) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 272,000 | |||||||||||||||||
| Legal, statutory audit and accounting | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 16,317.2 | 16,190.39 | 34,446.7 | 17,409.94 | 15,872.42 | 15,162.98 | 17,487.83 | 15,878.32 | 148,765.78 | |||||||||||||||||
| Insurance | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 36,000 | |||||||||||||||||
| Recruitment | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 7,675.8 | 16,033.25 | 23,048.39 | 14,790.36 | 9,257.09 | 7,702.66 | 1,000 | 1,000 | 80,507.55 | |||||||||||||||||
| Travel (VAT not recovered) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 11,939.7 | 11,991.62 | 11,894.58 | 10,435.89 | 10,844.45 | 10,029.29 | 10,860.83 | 9,587.64 | 87,584 | |||||||||||||||||
| Local business taxes (CFE and CVAE) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 11,200 | |||||||||||||||||
| Capex: IT equipment | OVERHEADS, CAPEX AND CARD PROCESSING | asset register | 5,057.75 | 7,270.69 | 9,512.1 | 7,262.12 | 4,693.56 | 5,463.47 | 2,233.55 | 2,185.01 | 43,678.25 | |||||||||||||||||
| Card processing fees | OVERHEADS, CAPEX AND CARD PROCESSING | processor statements | 5,639.98 | 5,763.05 | 6,071.85 | 5,962.55 | 6,279.26 | 6,407.25 | 6,447.74 | 6,341.18 | 48,912.86 | |||||||||||||||||
| Card payouts (Developer packs and Team plans, net of fees) | RECEIPTS (bank) | bank | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 2,425,217.43 | |||||||||||||||||
| Enterprise receipts: accounts in France (incl. VAT) | RECEIPTS (bank) | bank | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 740,000 | |||||||||||||||||
| Enterprise receipts: accounts outside France | RECEIPTS (bank) | bank | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 1,217,470.41 | |||||||||||||||||
| Research tax credit refunded | RECEIPTS (bank) | bank | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 935,770 | |||||||||||||||||
| Interest received on term deposits | RECEIPTS (bank) | bank | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 128,185.5 | |||||||||||||||||
| Compute suppliers paid in USD (Provider A and vendor B), EUR debited | PAYMENTS (bank) | bank | 107,546.17 | 123,320.74 | 125,872.77 | 124,046.4 | 123,735.7 | 133,093.42 | 134,594.58 | 142,250.18 | 1,014,459.96 | |||||||||||||||||
| Model API vendor C | PAYMENTS (bank) | bank | 7,104.97 | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 68,665.35 | |||||||||||||||||
| Company card statements (software, media, travel) | PAYMENTS (bank) | bank | 67,925.28 | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 550,680.04 | |||||||||||||||||
| French suppliers incl. VAT and equipment | PAYMENTS (bank) | bank | 48,894.67 | 52,015.61 | 61,986 | 95,719.9 | 62,591.64 | 52,805.77 | 79,688.21 | 42,612.62 | 496,314.42 | |||||||||||||||||
| Rent (quarterly in advance, incl. VAT) | PAYMENTS (bank) | bank | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 367,200 | |||||||||||||||||
| Insurance (direct debit) | PAYMENTS (bank) | bank | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 36,000 | |||||||||||||||||
| URSSAF (DSN, 5th) | PAYMENTS (bank) | bank | 213,682.42 | 219,057.13 | 226,130.17 | 245,947.1 | 239,469.37 | 254,250.73 | 241,473.55 | 252,464.91 | 1,892,475.38 | |||||||||||||||||
| Income tax withheld at source (5th) | PAYMENTS (bank) | bank | 42,455.68 | 43,544.32 | 45,112.36 | 49,245.99 | 47,195.8 | 50,719.38 | 47,540.26 | 50,425.29 | 376,239.08 | |||||||||||||||||
| Agirc-Arrco and schemes (25th) | PAYMENTS (bank) | bank | 73,047.74 | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 658,440.49 | |||||||||||||||||
| VAT return (CA3) | PAYMENTS (bank) | bank | 23,815.14 | 5,032.49 | 29,880.54 | 24,527.85 | 0 | 32,840.42 | 35,412.85 | 4,281.6 | 155,790.89 | |||||||||||||||||
| Local business taxes (CFE and CVAE) | PAYMENTS (bank) | bank | 0 | 0 | 0 | 0 | 500 | 8,050 | 0 | 0 | 8,550 |
| label | basis | section | format | kind | bold | value c | value d |
|---|---|---|---|---|---|---|---|
| Cash at bank and term deposits | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 12,200,000 | |
| VAT to deduct on French supplier invoices not yet paid | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 8,149.11 | |
| Enterprise receivables: accounts in France (incl. VAT) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 141,000 | |
| Enterprise receivables: accounts outside France | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 226,666.67 | |
| Contract assets (Enterprise usage ahead of billing) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Research tax credit receivable (FY2025 claim) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 935,770 | |
| Other prepayments | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 30,000 | |
| Rent deposit | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 102,000 | |
| IT equipment: cost | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 260,000 | |
| IT equipment: accumulated depreciation | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 140,000 | |
| Office fit-out: cost | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 180,000 | |
| Office fit-out: accumulated depreciation | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 60,000 | |
| Trade payables: compute suppliers in USD (at the December rate) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 107,812.56 | |
| Trade payables: model API vendor C | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 7,104.97 | |
| Trade payables: company card statements | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 67,925.28 | |
| Trade payables: French suppliers (incl. VAT) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 48,894.67 | |
| Contract liabilities: Enterprise commitments billed ahead of usage | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 384,305.29 | |
| Contract liabilities: Developer credits | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 208,980.33 | |
| VAT payable (December return) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 23,815.14 | |
| VAT on French invoices not yet collected | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 23,500 | |
| URSSAF payable (December payroll) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 213,682.42 | |
| Income tax withheld payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 42,455.68 | |
| Agirc-Arrco and schemes payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 73,047.74 | |
| Commissions payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Employer contributions accrued on commissions | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Paid leave provision | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 263,740.15 | |
| Local business taxes accrued (CVAE 2025 balance) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 500 | |
| Share capital | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 150,000 | |
| Share premium | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 24,450,000 | |
| Accumulated losses | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | -12,182,178.45 | |
| Paid leave days outstanding at 31-Dec-25 | HR system | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | num1 | input | False | 665 | |
| Compute supplier invoices of December in USD (paid in January) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 126,226.94 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Software and IT tools | COST LINES | reverse charge | 17,964.17 | 17,385.59 | 18,123.85 | 19,869.56 | 17,944.87 | 18,293.52 | 18,498.38 | 18,949.95 | 18,287.2 | 18,576.6353 | 18,816.0773 | 18,809.2811 | 20,505.5053 | 20,738.3425 | 20,967.1402 | 21,453.369 | 21,444.4475 | 21,683.4722 | 21,927.6456 | 21,924.0733 | 22,168.4735 | 22,166.4605 | 22,164.4379 | 22,164.4716 | 221,519.0838 | 259,307.8391 |
| Paid media and content | COST LINES | reverse charge | 40,122.19 | 38,266.5 | 44,158.36 | 39,060.9 | 36,977.95 | 39,565.64 | 38,526.92 | 31,571.67 | 38,000 | 43,700 | 38,000 | 38,000 | 38,950 | 38,950 | 44,792.5 | 38,950 | 38,950 | 38,950 | 38,950 | 31,160 | 38,950 | 44,792.5 | 38,950 | 38,950 | 465,950.13 | 471,295 |
| Events and conferences | COST LINES | French VAT 20% | 14,295.59 | 12,160.67 | 12,759.39 | 12,697.28 | 14,181.74 | 38,077.73 | 14,789.14 | 13,126.66 | 14,000 | 14,000 | 14,000 | 14,000 | 14,350 | 14,350 | 14,350 | 14,350 | 14,350 | 35,875 | 14,350 | 14,350 | 14,350 | 14,350 | 14,350 | 14,350 | 188,088.2 | 193,725 |
| Office rent, Paris (quarterly in advance) | COST LINES | French VAT 20% | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 408,000 | 418,200 |
| Legal, statutory audit and accounting | COST LINES | French VAT 20% | 16,317.2 | 16,190.39 | 34,446.7 | 17,409.94 | 15,872.42 | 15,162.98 | 17,487.83 | 15,878.32 | 16,000 | 16,000 | 16,000 | 16,000 | 16,400 | 16,400 | 36,080 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 212,765.78 | 216,480 |
| Insurance | COST LINES | no VAT recovered | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 54,000 | 55,350 |
| Recruitment | COST LINES | French VAT 20% | 7,675.8 | 16,033.25 | 23,048.39 | 14,790.36 | 9,257.09 | 7,702.66 | 1,000 | 1,000 | 1,000 | 16,000 | 14,525 | 6,955.1458 | 44,542.4384 | 14,667.5265 | 14,664.6288 | 22,568.8311 | 7,689.0892 | 15,244.7836 | 15,461.0863 | 7,957.4427 | 15,516.776 | 8,066.3549 | 8,065.5516 | 8,127.7269 | 118,987.6958 | 182,572.236 |
| Travel (VAT not recovered) | COST LINES | no VAT recovered | 11,939.7 | 11,991.62 | 11,894.58 | 10,435.89 | 10,844.45 | 10,029.29 | 10,860.83 | 9,587.64 | 11,000 | 11,000 | 11,000 | 11,000 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 131,584 | 135,300 |
| Local business taxes (CFE and CVAE) | COST LINES | no VAT recovered | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 16,800 | 17,600 |
| TOTAL OVERHEADS | COST LINES | 148,214.65 | 151,928.02 | 184,331.27 | 154,163.93 | 144,978.52 | 168,731.82 | 141,063.1 | 130,014.24 | 138,187.2 | 159,176.6353 | 152,241.0773 | 144,664.427 | 186,952.1103 | 157,310.0357 | 183,058.4356 | 165,926.3667 | 151,037.7033 | 180,357.4225 | 159,292.8986 | 143,995.6827 | 159,589.4162 | 157,979.4821 | 152,134.1562 | 152,196.3652 | 1,817,694.8896 | 1,949,830.0752 | |
| Rent paid incl. VAT (first working day of each quarter) | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | A: bank; F: three months in advance | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 489,600 | 501,840 |
| PREPAID RENT | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | opening + paid ex VAT - expense | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 0 | 0 |
| Insurance paid (direct debit in the month) | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | A: bank; F: expense | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 54,000 | 55,350 |
| Paid (May: CVAE balance; June: CFE and CVAE instalments; September: CVAE instalment; December: CFE) | LOCAL BUSINESS TAXES (CFE AND CVAE) | A: bank; F: calendar | 0 | 0 | 0 | 0 | 500 | 8,050 | 0 | 0 | 1,850 | 0 | 0 | 6,700 | 0 | 0 | 0 | 0 | 200 | 8,400 | 0 | 0 | 1,950 | 0 | 0 | 6,850 | 17,100 | 17,400 |
| LOCAL BUSINESS TAXES ACCRUED | LOCAL BUSINESS TAXES (CFE AND CVAE) | 1,900 | 3,300 | 4,700 | 6,100 | 7,000 | 350 | 1,750 | 3,150 | 2,700 | 4,100 | 5,500 | 200 | 1,666.6667 | 3,133.3333 | 4,600 | 6,066.6667 | 7,333.3333 | 400 | 1,866.6667 | 3,333.3333 | 2,850 | 4,316.6667 | 5,783.3333 | 400 | 200 | 400 | |
| Check at December: accrued equals the CVAE of the year less its two instalments (must be zero) | LOCAL BUSINESS TAXES (CFE AND CVAE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex: IT equipment | A: register; F: hires x equipment + replacement | 5,057.75 | 7,270.69 | 9,512.1 | 7,262.12 | 4,693.56 | 5,463.47 | 2,233.55 | 2,185.01 | 2,500 | 7,300 | 6,828 | 4,405.6467 | 16,433.5803 | 6,873.6085 | 6,872.6812 | 9,402.026 | 4,640.5085 | 7,058.3307 | 7,127.5476 | 4,726.3817 | 7,145.3683 | 4,761.2336 | 4,760.9765 | 4,780.8726 | 64,711.8967 | 84,583.1155 | |
| Depreciation of assets held at 31-Dec-25 | register | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 72,000 | 72,000 | |
| Depreciation of additions (36 months) | 0 | 140.4931 | 342.4567 | 606.6817 | 808.4072 | 938.7839 | 1,090.5469 | 1,152.59 | 1,213.2847 | 1,282.7292 | 1,485.5069 | 1,675.1736 | 1,797.5527 | 2,254.041 | 2,444.9746 | 2,635.8824 | 2,897.0498 | 3,025.9528 | 3,222.0176 | 3,420.005 | 3,551.2934 | 3,749.7758 | 3,882.0323 | 4,014.2817 | 10,736.6539 | 36,894.859 | ||
| DEPRECIATION | 6,000 | 6,140.4931 | 6,342.4567 | 6,606.6817 | 6,808.4072 | 6,938.7839 | 7,090.5469 | 7,152.59 | 7,213.2847 | 7,282.7292 | 7,485.5069 | 7,675.1736 | 7,797.5527 | 8,254.041 | 8,444.9746 | 8,635.8824 | 8,897.0498 | 9,025.9528 | 9,222.0176 | 9,420.005 | 9,551.2934 | 9,749.7758 | 9,882.0323 | 10,014.2817 | 82,736.6539 | 108,894.859 | ||
| FIXED ASSETS, NET BOOK VALUE | 239,057.75 | 240,187.9469 | 243,357.5903 | 244,013.0286 | 241,898.1814 | 240,422.8675 | 235,565.8706 | 230,598.2906 | 225,885.0058 | 225,902.2767 | 225,244.7697 | 221,975.2428 | 230,611.2704 | 229,230.8378 | 227,658.5444 | 228,424.688 | 224,168.1467 | 222,200.5247 | 220,106.0547 | 215,412.4314 | 213,006.5064 | 208,017.9641 | 202,896.9084 | 197,663.4993 | 221,975.2428 | 197,663.4993 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Output VAT: card sales in France (paid at purchase) | Credits and Team | 21,748.2713 | 22,883.1483 | 23,692.1879 | 23,430.1681 | 24,362.1794 | 25,047.1476 | 25,296.3032 | 24,871.4065 | 26,328.5636 | 27,010.1509 | 27,399.2132 | 27,547.2644 | 28,713.0123 | 29,089.8207 | 29,814.9174 | 30,008.8802 | 30,440.0918 | 31,075.517 | 30,927.055 | 30,351.2515 | 32,908.5778 | 33,662.9048 | 34,018.8696 | 34,061.2287 | 299,616.0044 | 375,072.1267 | |
| Output VAT: French Enterprise receipts | receipts x 20 / 120 | 11,833.3333 | 15,666.6667 | 11,166.6667 | 12,166.6667 | 19,666.6667 | 19,166.6667 | 12,666.6667 | 21,000 | 19,833.333 | 14,774.9745 | 21,000 | 23,133.3333 | 19,266.6667 | 21,000 | 23,186.6667 | 22,341.523 | 30,116.445 | 32,810.4521 | 27,233.9744 | 23,613.3333 | 23,080 | 20,706.6667 | 23,613.3333 | 23,000 | 202,074.9742 | 289,969.0611 | |
| Input VAT: French supplier payments | payments x 20 / 120 | -8,149.1117 | -8,669.2683 | -10,331 | -15,953.3167 | -10,431.94 | -8,800.9617 | -13,281.3683 | -7,102.1033 | -6,437.9977 | -6,700 | -10,660 | -10,270.6 | -8,272.1585 | -18,345.2037 | -10,458.227 | -14,393.462 | -12,544.1714 | -8,615.9195 | -14,915.6229 | -10,667.7268 | -8,686.7649 | -10,682.4289 | -8,715.5177 | -8,715.3056 | -116,787.6677 | -135,012.5089 | |
| Input VAT: rent | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -81,600 | -83,640 | ||
| NET VAT FOR THE MONTH | 5,032.493 | 29,880.5466 | 24,527.8546 | -756.4819 | 33,596.9061 | 35,412.8526 | 4,281.6015 | 38,769.3032 | 39,723.8989 | 14,685.1254 | 37,739.2132 | 40,409.9978 | 18,797.5205 | 31,744.617 | 42,543.3571 | 17,046.9411 | 48,012.3654 | 55,270.0496 | 22,335.4066 | 43,296.858 | 47,301.8129 | 22,777.1426 | 48,916.6852 | 48,345.923 | 303,303.3109 | 446,388.6789 | ||
| VAT paid (CA3, next month) | A: bank; F: prior position if payable | 23,815.14 | 5,032.49 | 29,880.54 | 24,527.85 | 0 | 32,840.42 | 35,412.85 | 4,281.6 | 38,769.3256 | 39,723.8989 | 14,685.1254 | 37,739.2132 | 40,409.9978 | 18,797.5205 | 31,744.617 | 42,543.3571 | 17,046.9411 | 48,012.3654 | 55,270.0496 | 22,335.4066 | 43,296.858 | 47,301.8129 | 22,777.1426 | 48,916.6852 | 286,708.4531 | 438,452.7537 | |
| VAT PAYABLE / (CREDIT CARRIED FORWARD) | 5,032.493 | 29,880.5496 | 24,527.8642 | -756.4677 | 32,840.4383 | 35,412.8709 | 4,281.6225 | 38,769.3256 | 39,723.8989 | 14,685.1254 | 37,739.2132 | 40,409.9978 | 18,797.5205 | 31,744.617 | 42,543.3571 | 17,046.9411 | 48,012.3654 | 55,270.0496 | 22,335.4066 | 43,296.858 | 47,301.8129 | 22,777.1426 | 48,916.6852 | 48,345.923 | 40,409.9978 | 48,345.923 | ||
| Check: position equals the month plus any credit carried (must be zero) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| VAT to deduct on French supplier invoices not yet paid (asset) | payable x 20 / 120 | 8,669.268 | 10,330.9997 | 15,953.3157 | 10,431.939 | 8,800.961 | 13,281.3673 | 7,102.103 | 6,437.9977 | 6,700 | 10,660 | 10,270.6 | 8,272.1585 | 18,345.2037 | 10,458.227 | 14,393.462 | 12,544.1714 | 8,615.9195 | 14,915.6229 | 10,667.7268 | 8,686.7649 | 10,682.4289 | 8,715.5177 | 8,715.3056 | 8,731.7199 | 8,272.1585 | 8,731.7199 | |
| Reverse charge on services bought abroad (self-assessed and deducted: nets to zero) | memo | 38,096.7144 | 37,426.6255 | 39,188.0377 | 38,232.552 | 39,048.345 | 40,105.1436 | 42,262.54 | 40,859.417 | 42,150.6749 | 39,068.4213 | 38,595.3114 | 39,321.4452 | 43,716.1791 | 43,923.5731 | 46,411.687 | 45,393.7712 | 46,337.8739 | 46,508.4451 | 46,984.8682 | 45,693.7082 | 47,668.03 | 49,533.1141 | 48,680.5415 | 49,354.34 | 474,355.228 | 560,206.1314 | |
| Services to EU businesses declared on the DES (reverse charge by the customer) | memo | 247,024.8205 | 266,270.1205 | 189,005.6535 | 252,062.4965 | 263,606.2685 | 196,383.057 | 335,363.196 | 267,870.782 | 202,717.9688 | 347,898.0203 | 284,131.7517 | 274,754.4229 | 398,125.7014 | 354,948.7265 | 269,904.5269 | 367,109.0592 | 388,652.9115 | 253,711.9382 | 366,550.4899 | 371,412.6128 | 263,148.0293 | 390,894.6376 | 419,629.5611 | 307,037.9018 | 3,127,088.5582 | 4,151,126.0963 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit before tax | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -285,118.1169 | -389,923.2098 | -386,359.3 | -317,569.2471 | -419,467.7829 | -424,656.6846 | -323,035.2379 | -424,060.2702 | -343,723.9892 | -335,634.8659 | -328,139.8916 | -152,569.1171 | -358,247.2573 | -330,454.627 | -353,414.2375 | -327,784.6746 | -4,388,400.2117 | -4,121,188.6357 | |
| Less: research tax credit (not taxable) | PL | -89,210.6082 | -93,117.4902 | -94,080.7266 | -97,638.9456 | -96,313.8624 | -96,551.2884 | -96,941.5524 | -94,514.8638 | -93,308.6032 | -95,319.4832 | -95,309.2601 | -95,292.588 | -105,368.7486 | -105,308.7471 | -108,121.209 | -108,098.2718 | -108,075.0258 | -109,364.1702 | -109,353.621 | -109,342.9661 | -112,215.2492 | -112,191.4023 | -112,167.6653 | -112,168.0619 | -1,137,599.2721 | -1,311,775.1384 | |
| Taxable result | -458,821.6188 | -511,295.0488 | -517,132.2525 | -546,617.419 | -449,459.5503 | -564,389.1094 | -450,321.0397 | -269,763.6368 | -378,426.7201 | -485,242.693 | -481,668.5601 | -412,861.835 | -524,836.5315 | -529,965.4317 | -431,156.4469 | -532,158.5421 | -451,799.015 | -444,999.0361 | -437,493.5127 | -261,912.0832 | -470,462.5065 | -442,646.0293 | -465,581.9028 | -439,952.7364 | -5,525,999.4838 | -5,432,963.7741 | ||
| Taxable profit year to date before losses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax losses available at the start of the year | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 21,017,999.4838 | 15,492,000 | 21,017,999.4838 | ||
| Tax losses used year to date | EUR 1m + 50% above | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax losses carried forward at the month end | available + losses of the year - used | 15,950,821.6188 | 16,462,116.6677 | 16,979,248.9202 | 17,525,866.3392 | 17,975,325.8896 | 18,539,714.9989 | 18,990,036.0386 | 19,259,799.6754 | 19,638,226.3956 | 20,123,469.0886 | 20,605,137.6487 | 21,017,999.4838 | 21,542,836.0152 | 22,072,801.447 | 22,503,957.8938 | 23,036,116.4359 | 23,487,915.4509 | 23,932,914.487 | 24,370,407.9996 | 24,632,320.0828 | 25,102,782.5893 | 25,545,428.6186 | 26,011,010.5214 | 26,450,963.2579 | 21,017,999.4838 | 26,450,963.2579 | |
| Corporate income tax year to date | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CHARGE FOR THE MONTH (P&L) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Paid (balance with the return in May of the next year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CORPORATE INCOME TAX PAYABLE | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CFO decisions & actions
Base · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Risk | Likelihood | Impact | Score | Mitigation and owner |
|---|---|---|---|---|
| Funding: at its lowest point (Dec-27) the Base case is EUR 526k above the EUR 3.0m buffer; the Downside is EUR 1,082k below the EUR 3.0m buffer in Nov-27. The business burns about EUR 356k a month in FY2027. | 4 | 5 | 20 | Series C plan to the board by November; process from the first quarter of 2027; monthly cash review against the buffer; CEO and BriQs CFO |
| Vendor B: 56% of revenue runs on its models; its fourth-quarter price is not confirmed and a rise or outage hits voice and agents at once | 4 | 4 | 16 | Second voice model qualified by December; routing between models; price protection in the renewal of the vendor B contract; CTO |
| Price pressure: list prices down 8% in 2026 and 10% planned for 2027; the Downside tests 20% | 3 | 4 | 12 | Price list for 2027 set after the vendor B answer; value-based pricing for Enterprise workflows; CEO and Head of sales |
| GPU capacity: inference needs 96% of usable reserved hours by December; research hours are squeezed; on-demand GPUs cost 74% more | 4 | 3 | 12 | 2027 reservation decided by November; efficiency roadmap per product; CTO and Finance lead |
| Cloud commitment: a 2026 shortfall of USD 114k is provided and payable in January | 3 | 2 | 6 | Roll the shortfall into the 2027 commitment; size 2027 to the plan with a usage review each quarter; Finance lead |
| Enterprise renewals and unused commitments: EUR 326k of FY2026 revenue comes from commitments not used; Pravenza Retail left for an in-house open-weights model | 3 | 3 | 9 | Usage reviews each quarter with every account; renewal plan 90 days before each anniversary; Head of customer success |
| Research tax credit: EUR 1,138k a year depends on SME status for the cash refund and on time records that survive a tax audit | 2 | 4 | 8 | SME status confirmed by the tax adviser; time records and technical files kept monthly; Finance lead |
| Team acquisition and churn: 14.5 new customers a month against 17.6 budgeted; 2.4% lost each month | 3 | 2 | 6 | Onboarding for the first 60 days; usage alerts before the allowance runs out; Head of marketing |
| Service reliability: the 28 April incident led to the disputed Tervane invoice (EUR 18.1k) | 2 | 3 | 6 | Idempotent retries so a retried call is never billed twice; incident credits policy; CTO |
| Key people: the machine learning research team holds the models and the Paris market for that profile is tight | 3 | 3 | 9 | Retention plan for the ten most critical researchers and engineers; succession cover for each lead; CEO |
| Action | Owner | Due | Status | Measure of done |
|---|---|---|---|---|
| Series C plan for the board: amount, timing and milestones, with cash against the buffer by month in each scenario | CEO and BriQs CFO | 2026-11-30 | Open | Board decision on the round and the timetable |
| 2027 GPU reservation and Provider A commitment, with the 2026 shortfall rolled into 2027 | CTO and Finance lead | 2026-11-15 | Open | Signed order form; shortfall rollover in writing |
| Vendor B: confirm the fourth-quarter price and qualify a second voice model | CTO | 2026-12-31 | Open | Price confirmed in writing; second model live for at least 10% of voice traffic |
| 2027 price list: size of the cut by product, Enterprise renewal pricing, Maltessa Telecom repricing plan | CEO and Head of sales | 2026-10-31 | Open | Price list approved after the vendor B answer |
| Research tax credit: SME status confirmation, FY2026 time records file and a prefinancing quote | Finance lead with the tax adviser | 2026-10-31 | Open | Adviser opinion on file; prefinancing terms received |
| Tervane dispute: engineering review of the call logs and settlement of the May invoice | Finance lead and Head of customer success | 2026-10-31 | In progress | Credit note for the calls proven duplicated; balance collected |
| E-invoicing: confirm reception through the approved platform and plan issuance from September 2027 | Finance lead | 2026-10-31 | Open | Supplier invoices received electronically; issuance project in the 2027 budget |
| Unit cost dashboard: price and compute cost per 1,000 units by product in every monthly pack | BriQs CFO | 2026-10-15 | Open | Dashboard in the September pack |
| Downside plan: triggers, the hiring response and the order of cash levers | BriQs CFO | 2026-10-15 | Open | Plan approved by the board and attached to the October pack |
4. How the model works
Inputs_Actuals holds the actual months (credit packs and credits used by pack, Team customers and fees, Enterprise usage and commitments by account, units by product and segment, GPU scheduler hours, supplier invoices in USD and EUR, payroll by department, headcount by band, leave taken, commissions, research time, overheads, receipts and payments) and the opening balance sheet. History holds FY2025 by month, the credit packs live at 31-Dec-25, the 2024 packs that tested the breakage rate and Enterprise usage by account. The Account_Register holds every Enterprise account and pipeline deal with terms, product mix, discount and renewal or win probabilities by scenario. Assumptions holds French tax and payroll rates, pay bands, prices, compute rates, overheads, the timeline and the scenario drivers (selector in Assumptions!C11). Credits, Team and Enterprise run the three revenue models; Revenue consolidates them by segment and product. Usage_Compute turns units into GPU hours, tokens and compute cost; Commitments tests the Provider A commitment; Unit_Costs and Margins allocate the cost to serve. People runs French payroll by band; Research_Credit accrues the CIR. Receivables, Payables, VAT, Tax, Overheads, Fixed_Assets and Treasury roll every flow and balance. PL, BS and CF link only to schedules. BvA, Scenarios, Cash_13W, KPIs, the agings and CFO_Report are reporting layers.
5. Methods an AI-company CFO will look for
| Area | Treatment |
|---|---|
| Prepaid credits and breakage | Each Developer pack is a contract liability; credits used earn 1 / (1 - 12%) of revenue, so the expected breakage is recognised in proportion to use (IFRS 15.B46). When a pack expires after 12 months its actual unused credits are trued up. The liability is proved every month against a pack-by-pack schedule, and the breakage rate is tested against the 2024 packs (12.2% expired unused). |
| Usage and hybrid pricing | Team plans: a monthly fee buys an allowance that lapses at month end; usage above it is billed at list price in the month. Enterprise: usage at contracted prices against an annual commitment billed quarterly in advance, usage above the commitment billed monthly; a commitment not used by the contract year end is recognised then, when its use becomes remote (IFRS 15.B46). |
| Contract balances | Each Enterprise account carries a contract liability (billed ahead of usage) or a contract asset (usage ahead of billing) that clears at every contract year end (checked); the disputed invoice carries a refund liability for the expected credit (IFRS 15.55). |
| Price per unit | Realised price per 1,000 units by product and segment against list, after Enterprise discounts; list price changes are scenario drivers, and customers keep their budgets, so a cut buys more units and raises the cost to serve. |
| Cost to serve per unit | GPU hours per unit (falling each quarter with model optimisation), model tokens per unit at vendor prices, hosting fixed plus per unit; Unit_Costs allocates GPU cost by hours, model API cost by tokens and hosting by its drivers, so every product carries its full compute cost per 1,000 units. |
| GPU capacity | Reserved GPUs are billed for every hour; inference above 85% of reserved hours runs on on-demand GPUs at USD 3.40 an hour against USD 1.95 reserved; research uses the reserved hours inference leaves and is charged to research and development. |
| Committed cloud spend | Provider A spend counts against a calendar-year take-or-pay commitment; utilisation is tracked monthly and the expected shortfall is provided as an onerous contract (IAS 37.66 to 69) from the month it becomes expected, released against the December shortfall invoice. |
| Gross margin by product, segment and account | Revenue, compute, card fees and the solutions and support team allocated to products and segments, both reconciled to the P&L gross profit every month; account margins after compute and support on the Account_Register. |
| Provider concentration | Share of compute spend by provider and share of revenue running on vendor B models, with a business warning on Checks. |
| Research tax credit | Eligible personnel costs from the research time records plus the flat 40% for operating costs, at 30%; accrued monthly as other operating income (IAS 20) and refunded in cash after the claim is filed with the return of the following year; EBITDA before the credit shown as a memo. |
| USD costs | Provider A and vendor B invoices booked at the ECB average rate of the month and paid on the 15th of the next month at that month rate; the difference is a realised exchange gain or loss (IAS 21.28). |
| Collections | Card payouts net of fees for Developer and Team; Enterprise receivables in and outside France at the invoicing still inside the collection days, receipts as the balancing figure, so a slower scenario delays cash without collecting an invoice twice; VAT on French invoices is due only when collected. |
| Budget vs actual | Revenue variance by cause (Developer volume and expiries, Team customers, fee and usage, the lost account, new accounts, existing accounts and credit notes), reconciled to the P&L; EBITDA walk from budget to actual. |
7. Assumptions (company judgements, labelled in the workbook)
- Revenue drivers are the FY2026 year-to-date experience: Developer purchases growing 3% a month in the Base (1% Downside, 4% Upside); Team 14.9 new customers a month before seasonality and 2.4% lost a month; Enterprise usage growth by account on the Account_Register, renewal probabilities by account and scenario, pipeline wins at their probabilities.
- Breakage 12% of credits, retested every quarter against the packs that expire.
- Prices: list prices cut 10% in January 2027 in the Base (20% Downside, 5% Upside); customers keep their budgets.
- Compute: vendor B at USD 2.00 per million tokens to September, then USD 1.50 in the Base (USD 1.80 Downside, USD 1.40 Upside); GPU hours per unit falling 3% a quarter in the Base; 20 reserved GPUs in 2027 (18 Downside, 22 Upside); Provider A 2027 commitment USD 800k (700k and 850k).
- USD per EUR 1.1463 from September in the Base (1.08 Downside, 1.18 Upside).
- SME status under the EU definition for the cash refund of the research tax credit (the venture funds are treated as not linked); FY2026 claim refunded in September 2027 in the Base (December 2027 Downside, August 2027 Upside).
- AT/MP rate 0.80% until the notified rate is received; health, protection and transport schemes EUR 110 per head a month; 2027: monthly ceiling EUR 4,085 and SMIC EUR 1,900.63 until published, pay review 3% in the Base.
- Research shares of time by band from the time records; attrition by department (10% research and development to 20% sales and marketing); fifteen hires planned from October 2026 to September 2027, leavers replaced after two months.
- Enterprise accounts pay 50 days after invoice on average (45 and 60-day terms); the Downside adds 15 days. The Tervane Assurances disputed invoice: 30% credit expected in the Base, settled in October.
- Opening balances at 31-Dec-25 are fictional FY2025 accounts; share premium and accumulated losses are consistent with about EUR 24.6m raised to date.
- No deferred tax asset on the tax losses; the office lease is expensed as rent (IFRS 16 not applied); CFE and CVAE for 2027 are company estimates.
9. Using the workbook
- Change the scenario on Assumptions!C11 (1 Base, 2 Downside, 3 Upside); every forecast month, the CFO report and the Cover move with it. The Scenarios sheet holds the three snapshots; the check turns red if the live figures stop matching the stored snapshot.
- Blue on yellow cells are inputs; black are formulas; green link other sheets. Actual data is typed only on Inputs_Actuals, History, the Account_Register and Budget_FY26.
- The month-end procedure is on the Guide sheet: enter the month, move the last actual month on Assumptions, update the Account_Register, the Provider A shortfall estimate and the agings, refresh the snapshots and reread Checks.
Executive review
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
3. What the numbers say (Base)
| Measure | Value |
|---|---|
| YTD Aug-26 revenue vs budget | EUR 4,206k against EUR 4,316k; variance (2.5%); 44.1% on the same months of 2025 |
| YTD EBITDA vs budget | (EUR 3,083k) against (EUR 2,970k); gross margin 56.8% against 60.5% budgeted |
| Revenue variance by cause, YTD | Pravenza Retail not renewed (EUR 101k); new accounts later than budgeted (EUR 42k); existing accounts on usage EUR 53k; Team customer numbers (EUR 46k); Team usage above the allowance EUR 25k; Developer credits used EUR 17k |
| FY2026 revenue, gross margin, EBITDA, net result | EUR 6,615k (39.4% on FY2025), 58.5%, (EUR 4,483k), (EUR 4,388k) |
| Research tax credit | EUR 1,138k accrued for FY2026 (17.2% of revenue); EBITDA before the credit (EUR 5,621k); the FY2025 claim of EUR 936k was refunded in July 2026 |
| Revenue mix FY2026 | Enterprise 47%, Team 37%, Developer 16%; pure usage 24% of revenue |
| Price and compute cost per 1,000 units, FY2026 to FY2027 | Document AI EUR 10.13 and EUR 1.34 to EUR 9.05 and EUR 1.21; Voice AI EUR 7.46 and EUR 2.78 to EUR 6.64 and EUR 2.31; Agent workspace EUR 17.56 and EUR 5.45 to EUR 15.60 and EUR 4.39 |
| Gross margin FY2026 by product and segment | Document AI 72%, Voice AI 48%, Agent workspace 54%; Developer 64%, Team 63%, Enterprise 56%; by account 43% (Maltessa Telecom) to 65% (Draxholm Logistik) |
| Contract balances at Aug-26 | Developer credits EUR 249k (face value EUR 342k); Enterprise billed ahead of usage EUR 419k, usage not yet billed EUR 22k; unused Enterprise commitments recognised in FY2026 EUR 326k |
| Enterprise net revenue retention on usage | 117% at Aug-26, 117% at Dec-27 |
| Compute | 25.1% of revenue in FY2026 against 26.1% in FY2025, 23.6% in FY2027; inference at 96% of usable reserved GPU hours in Dec-26 |
| Provider A commitment | USD 780k for 2026, spend USD 666k: shortfall USD 113.5k provided as onerous (EUR 99k in FY2026) |
| Provider concentration | 56% of FY2026 revenue runs on vendor B models; compute spend: vendor B 59%, Provider A 34%, vendor C 7% |
| Cash | EUR 9,337k at Aug-26; 13-week low EUR 7,830k in the week ending 11 Dec 2026; lowest month-end EUR 3,526k in Dec-27, EUR 526k above the EUR 3.0m board buffer |
| Scenario (negatives in brackets) | FY2027 revenue | FY2027 gross margin | FY2027 EBITDA | Lowest month-end cash | Headroom over the buffer |
|---|---|---|---|---|---|
| Base | EUR 8,684k (31.3% growth) | 61.9% | (EUR 4,112k) | EUR 3,526k in Dec-27 | EUR 526k |
| Downside | EUR 6,948k (7.5% growth) | 53.0% | (EUR 4,790k) | EUR 1,918k in Nov-27 | (EUR 1,082k) |
| Upside | EUR 9,599k (43.6% growth) | 65.8% | (EUR 3,344k) | EUR 4,379k in Dec-27 | EUR 1,379k |
The story: revenue grows 39% in FY2026 but lands 3.8% below budget, because Pravenza Retail moved its workload to an in-house model at its March renewal and the new Enterprise accounts came months later than budgeted. Gross margin is 3.7 points under budget year to date (56.8% against 60.5%): list prices fell 8% in January while vendor B kept its model price, and the Provider A commitment will fall USD 114k short, which is provided. FY2027 turns on vendor B: at USD 1.50 per million tokens the cost per unit falls faster than the 10% price cut and gross margin reaches 61.9%; the Downside (20% cut, vendor B at USD 1.80) takes it to 53.0%. Voice, the most model-intensive product, earns the thinnest margin (48%). The research tax credit is worth EUR 1.14m a year, without which the business consumes EUR 5.62m of EBITDA. Cash of EUR 9.34m carries the Base through 2027 EUR 526k above the buffer, but the Downside falls EUR 1,082k below it by Nov-27: the next equity round has to close in 2027 and the process starts in the first quarter.
| Measure | Unit | Base | Downside | Upside |
|---|---|---|---|---|
| FY2026 revenue (outlook) | EUR | 6,615,228.1449 | 6,461,934.695 | 6,686,782.3385 |
| FY2027 revenue | EUR | 8,683,872.0009 | 6,948,117.9701 | 9,599,358.5438 |
| FY2027 revenue growth | % | 31.27% | 7.52% | 43.56% |
| FY2026 gross margin % | % | 58.53% | 56.87% | 59.28% |
| FY2027 gross margin % | % | 61.94% | 53.02% | 65.77% |
| FY2027 compute in cost of revenue, % of revenue | % | 23.63% | 31.3% | 21% |
| FY2026 EBITDA | EUR | -4,483,458.7345 | -4,608,065.6446 | -4,405,290.6802 |
| FY2027 EBITDA | EUR | -4,111,553.0456 | -4,789,844.5215 | -3,344,098.8799 |
| FY2027 EBITDA before the research tax credit | EUR | -5,423,328.184 | -5,983,033.8291 | -4,662,242.1038 |
| FY2027 net profit / (loss) | EUR | -4,121,188.6357 | -4,805,770.2773 | -3,345,349.9682 |
| Enterprise net revenue retention on usage at Dec-27 | % | 117.26% | 89.31% | 130.53% |
| Provider A 2026 commitment: shortfall (USD) | EUR | 113,508.8574 | 117,738.7791 | 111,625.8218 |
| Provider A 2027 commitment: shortfall (USD) | EUR | 0 | 0 | 0 |
| FY2027 on-demand GPU hours | EUR | 0 | 843.7481 | 0 |
| Cash at 31-Dec-26 | EUR | 7,793,186.7137 | 7,536,276.1494 | 7,874,277.389 |
| Cash at 31-Dec-27 | EUR | 3,525,929.5474 | 2,689,612.8649 | 4,378,557.3416 |
| Lowest month-end cash, Sep-26 to Dec-27 | EUR | 3,525,929.5474 | 1,918,094.8112 | 4,378,557.3416 |
| Month of the lowest cash | month | 2027-12-31 | 2027-11-30 | 2027-12-31 |
| Headroom at the lowest point over the board buffer (negative = below) | EUR | 525,929.5474 | -1,081,905.1888 | 1,378,557.3416 |
| Research tax credit receivable at Dec-27 | EUR | 1,311,775.1384 | 1,193,189.3076 | 1,318,143.2239 |
| FY2027 net burn | EUR | 4,267,257.1663 | 4,846,663.2845 | 3,495,720.0474 |
| Headcount at Dec-27 | number | 90.0995 | 79.2968 | 90.0995 |
P&L & budget
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: prepaid credits used, breakage and true-ups | REVENUE (IFRS 15) | Revenue | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 90,612.2835 | 94,248.6532 | 98,548.3648 | 95,086.9189 | 105,619.1386 | 104,033.094 | 107,404.7783 | 107,331.9345 | 111,793.9622 | 105,635.8679 | 108,607.9889 | 105,765.7896 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,044,903.8694 | 1,307,081.3403 |
| Team: plan fees | REVENUE (IFRS 15) | Revenue | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 166,089.2945 | 166,261.5725 | 166,209.6689 | 165,755.5163 | 165,967.8166 | 165,953.4466 | 166,087.8083 | 165,857.8091 | 165,551.0127 | 165,355.2604 | 164,615.5778 | 163,158.9732 | 163,435.2948 | 163,807.3515 | 163,944.0629 | 163,663.2083 | 1,947,544.1422 | 1,977,397.6222 |
| Team: usage above the allowance | REVENUE (IFRS 15) | Revenue | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 31,556.966 | 31,589.6988 | 31,579.8371 | 31,493.5481 | 31,533.8851 | 31,531.1549 | 31,556.6836 | 31,512.9837 | 31,454.6924 | 31,417.4995 | 31,276.9598 | 31,000.2049 | 31,052.706 | 31,123.3968 | 31,149.372 | 31,096.0096 | 419,734.4299 | 375,705.5482 |
| Enterprise: usage | REVENUE (IFRS 15) | Revenue | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 247,792.1555 | 244,249.1427 | 243,183.6617 | 245,802.3723 | 253,221.5088 | 246,744.7028 | 249,404.7961 | 243,982.8251 | 248,677.2352 | 239,125.7252 | 239,261.0404 | 238,645.5408 | 238,028.4156 | 235,123.1316 | 234,618.785 | 237,195.579 | 2,732,271.2422 | 2,904,029.2855 |
| Enterprise: unused commitments at contract year end | REVENUE (IFRS 15) | Revenue | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 110,040.4353 | 0 | 0 | 0 | 22,731.3543 | 0 | 114,471.0642 | 0 | 0 | 149,314.9835 | 3,629.0393 | 3,606.8651 | 46,797.2889 | 0 | 0 | 43,353.5787 | 326,516.6153 | 383,904.1739 |
| Enterprise: credit notes and refund liability | REVENUE (IFRS 15) | Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | 0 | 0 | -4,517.804 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,035.604 | 0 |
| REVENUE | REVENUE (IFRS 15) | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 646,091.1347 | 536,349.0672 | 539,521.5324 | 533,620.5516 | 579,073.7034 | 548,262.3983 | 668,925.1306 | 548,685.5524 | 557,476.9025 | 690,849.3364 | 547,390.6062 | 542,177.3736 | 588,461.8765 | 542,511.4757 | 544,113.9653 | 590,189.6492 | 6,461,934.695 | 6,948,117.9701 | |
| Reserved GPUs: inference and idle capacity | COST OF REVENUE | Usage_Compute | -16,454.6307 | -15,833.3799 | -16,709.4653 | -16,380.1666 | -16,767.5276 | -17,368.833 | -18,512.7879 | -18,235.267 | -19,257.717 | -19,198.7313 | -19,136.3489 | -19,359.152 | -24,058.4602 | -21,840 | -23,905.2139 | -23,320.9748 | -23,690.7043 | -23,131.7704 | -22,974.7728 | -22,856.8768 | -22,802.4343 | -22,735.0308 | -22,676.6017 | -22,921.6179 | -213,214.0071 | -276,914.4581 |
| On-demand GPUs | COST OF REVENUE | Usage_Compute | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,656.2439 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,656.2439 |
| Model API vendor B (voice and agent models) | COST OF REVENUE | Usage_Compute | -77,180.9832 | -78,954.191 | -79,649.1002 | -78,257.7958 | -85,444.3074 | -84,994.0262 | -93,711.4916 | -93,729.397 | -98,430.8095 | -88,649.0615 | -88,755.6544 | -89,355.0719 | -113,952.9231 | -112,420.6414 | -113,402.8541 | -111,783.8957 | -113,211.9829 | -111,202.3656 | -110,877.7715 | -109,834.63 | -109,777.0107 | -109,908.1694 | -110,117.1259 | -110,796.8944 | -1,037,111.8898 | -1,337,286.2647 |
| Model API vendor C (document models) | COST OF REVENUE | Usage_Compute | -8,172.87 | -8,429.57 | -8,033.9 | -8,834.88 | -9,004.17 | -9,240.64 | -9,844.35 | -9,871.04 | -9,764.2135 | -9,702.626 | -9,719.0348 | -9,788.6461 | -12,535.6134 | -12,370.7005 | -12,489.4313 | -12,415.0502 | -12,525.8998 | -12,198.5161 | -12,187.5745 | -12,134.5049 | -12,248.4626 | -12,188.0632 | -12,217.5233 | -12,297.1689 | -110,405.9404 | -147,808.5087 |
| Hosting, storage and network | COST OF REVENUE | Usage_Compute | -27,265.9027 | -26,363.7063 | -25,891.2269 | -25,947.8257 | -25,984.537 | -28,926.8125 | -30,399.7723 | -30,151.9106 | -30,572.7693 | -30,548.3253 | -30,579.1185 | -30,680.4545 | -34,592.2352 | -34,314.4895 | -34,481.3226 | -34,280.6175 | -34,486.4593 | -34,080.6778 | -34,027.8077 | -33,924.9841 | -34,004.5692 | -33,987.3471 | -34,035.3998 | -34,149.8027 | -343,312.3615 | -410,365.7126 |
| Unused committed cloud spend (IAS 37) | COST OF REVENUE | Commitments | 0 | 0 | 0 | 0 | 0 | -47,755.4919 | -22,315.455 | -27,832.9607 | -11,113.4805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -109,017.3881 | 0 |
| Card processing fees | COST OF REVENUE | Receivables | -5,639.98 | -5,763.05 | -6,071.85 | -5,962.55 | -6,279.26 | -6,407.25 | -6,447.74 | -6,341.18 | -6,522.5312 | -6,571.7612 | -6,538.8028 | -6,446.731 | -6,635.8901 | -6,602.9263 | -6,664.9777 | -6,589.2928 | -6,581.0093 | -6,624.6608 | -6,476.7645 | -6,238.7094 | -6,749.4603 | -6,809.4467 | -6,777.2594 | -6,679.3667 | -74,992.6862 | -79,429.7641 |
| Solutions, support and customer success payroll | COST OF REVENUE | People | -69,282.284 | -65,313.6192 | -74,615.3621 | -71,399.9408 | -77,266.9323 | -80,438.9828 | -72,218.0166 | -58,681.5099 | -82,044.0574 | -82,815.0032 | -84,310.1452 | -80,283.0614 | -88,573.9056 | -83,677.0734 | -87,186.2088 | -86,011.3853 | -84,835.025 | -88,363.8248 | -77,171.7246 | -65,266.5176 | -89,165.4629 | -86,846.1539 | -88,387.423 | -84,186.3648 | -898,668.9149 | -1,009,671.0697 |
| TOTAL COST OF REVENUE | COST OF REVENUE | -203,996.6506 | -200,657.5164 | -210,970.9044 | -206,783.1589 | -220,746.7343 | -275,132.0364 | -253,449.6135 | -244,843.2652 | -257,705.5785 | -237,485.5084 | -239,039.1046 | -235,913.1168 | -280,349.0276 | -273,882.075 | -278,130.0084 | -274,401.2162 | -275,331.0806 | -275,601.8155 | -263,716.4155 | -250,256.2228 | -274,747.4001 | -272,474.2111 | -274,211.3332 | -271,031.2155 | -2,786,723.188 | -3,264,132.0217 | |
| GROSS PROFIT | COST OF REVENUE | revenue - cost of revenue | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 293,094.2495 | 313,456.6125 | 329,300.8275 | 388,385.5562 | 298,863.5588 | 300,482.4278 | 297,707.4348 | 298,724.6759 | 274,380.3232 | 390,795.1222 | 274,284.3362 | 282,145.8218 | 415,247.5208 | 283,674.1907 | 291,921.1509 | 313,714.4764 | 270,037.2647 | 269,902.6321 | 319,158.4337 | 3,675,211.507 | 3,683,985.9484 |
| Gross margin % of revenue | COST OF REVENUE | 58.91% | 57.75% | 58.89% | 57.71% | 57.84% | 51.58% | 55.29% | 57.36% | 60.11% | 55.72% | 55.69% | 55.79% | 51.59% | 50.05% | 58.42% | 49.99% | 50.61% | 60.11% | 51.82% | 53.84% | 53.31% | 49.78% | 49.6% | 54.08% | 56.87% | 53.02% | |
| Research and development payroll | OPERATING EXPENSES | People | -426,416.0466 | -414,775.524 | -440,616.2489 | -432,126.2003 | -418,070.2288 | -445,030.2542 | -400,259.6876 | -319,302.3044 | -444,391.4527 | -437,266.9746 | -445,715.0366 | -425,366.5196 | -465,974.873 | -441,216.9686 | -465,254.6099 | -442,763.09 | -437,456.1927 | -460,646.8264 | -403,677.8613 | -342,872.7502 | -471,857.4611 | -460,375.8616 | -469,061.5573 | -447,696.3265 | -5,049,336.4783 | -5,308,854.3787 |
| Research compute (reserved GPU hours used for training and experiments) | OPERATING EXPENSES | Usage_Compute | -3,322.8253 | -1,900.1903 | -3,374.2862 | -2,811.6318 | -3,118.3629 | -2,136.2464 | -1,818.998 | -1,787.8504 | -1,542.283 | -2,294.6021 | -1,663.6511 | -2,134.1813 | -121.5398 | 0 | -274.7861 | -79.0252 | -489.2957 | -268.2296 | -1,205.2272 | -1,323.1232 | -597.5657 | -1,444.9692 | -723.3983 | -1,258.3821 | -27,905.1088 | -7,785.5419 |
| Sales and marketing payroll incl. commissions | OPERATING EXPENSES | People | -117,339.0478 | -164,389.1399 | -124,740.4869 | -180,592.3832 | -124,729.2477 | -174,862.3643 | -161,265.5206 | -104,503.2859 | -142,269.6044 | -152,659.1911 | -141,204.1812 | -123,681.8827 | -145,044.4169 | -174,409.9623 | -136,806.4782 | -183,298.0547 | -134,118.631 | -177,483.875 | -165,779.6379 | -109,746.483 | -147,604.0571 | -155,712.9217 | -142,957.7391 | -127,881.3141 | -1,712,236.3357 | -1,800,843.5711 |
| Paid media and content | OPERATING EXPENSES | Overheads | -40,122.19 | -38,266.5 | -44,158.36 | -39,060.9 | -36,977.95 | -39,565.64 | -38,526.92 | -31,571.67 | -38,000 | -43,700 | -38,000 | -38,000 | -31,160 | -31,160 | -35,834 | -31,160 | -31,160 | -31,160 | -31,160 | -24,928 | -31,160 | -35,834 | -31,160 | -31,160 | -465,950.13 | -377,036 |
| Events and conferences | OPERATING EXPENSES | Overheads | -14,295.59 | -12,160.67 | -12,759.39 | -12,697.28 | -14,181.74 | -38,077.73 | -14,789.14 | -13,126.66 | -14,000 | -14,000 | -14,000 | -14,000 | -11,480 | -11,480 | -11,480 | -11,480 | -11,480 | -28,700 | -11,480 | -11,480 | -11,480 | -11,480 | -11,480 | -11,480 | -188,088.2 | -154,980 |
| General and administrative payroll | OPERATING EXPENSES | People | -68,558.4545 | -64,835.6856 | -74,115.9405 | -70,456.6091 | -69,660.2685 | -72,774.625 | -65,278.1072 | -53,117.7534 | -74,417.755 | -72,458.2578 | -73,921.4929 | -70,554.124 | -74,757.8973 | -70,791.8425 | -73,913.1638 | -70,345.0282 | -69,536.7975 | -72,577.5635 | -66,342.1353 | -56,246.8103 | -76,913.5898 | -75,069.0683 | -76,551.3333 | -73,069.2967 | -830,149.0737 | -856,114.5266 |
| Software and IT tools | OPERATING EXPENSES | Overheads | -17,964.17 | -17,385.59 | -18,123.85 | -19,869.56 | -17,944.87 | -18,293.52 | -18,498.38 | -18,949.95 | -18,345.04 | -18,451.1753 | -18,504.1261 | -18,435.6706 | -19,442.3077 | -19,492.3941 | -19,541.3521 | -19,715.2486 | -19,641.6435 | -19,691.6974 | -19,742.5939 | -19,670.2016 | -19,721.4559 | -19,649.5687 | -19,577.9707 | -19,507.0203 | -220,765.902 | -235,393.4545 |
| Office rent, Paris | OPERATING EXPENSES | Overheads | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -408,000 | -418,200 |
| Legal, statutory audit and accounting | OPERATING EXPENSES | Overheads | -16,317.2 | -16,190.39 | -34,446.7 | -17,409.94 | -15,872.42 | -15,162.98 | -17,487.83 | -15,878.32 | -16,000 | -16,000 | -16,000 | -16,000 | -16,400 | -16,400 | -36,080 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -212,765.78 | -216,480 |
| Insurance | OPERATING EXPENSES | Overheads | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -54,000 | -55,350 |
| Recruitment | OPERATING EXPENSES | Overheads | -7,675.8 | -16,033.25 | -23,048.39 | -14,790.36 | -9,257.09 | -7,702.66 | -1,000 | -1,000 | -1,000 | -8,500 | -6,858.75 | -3,091.6357 | -21,852.019 | -6,865.4356 | -6,856.7206 | -10,669.2054 | -3,182.0488 | -6,933.7414 | -6,963.0539 | -3,203.8544 | -6,955.6658 | -3,205.4675 | -3,196.5172 | -3,198.5754 | -99,957.9357 | -83,082.3048 |
| Travel | OPERATING EXPENSES | Overheads | -11,939.7 | -11,991.62 | -11,894.58 | -10,435.89 | -10,844.45 | -10,029.29 | -10,860.83 | -9,587.64 | -11,000 | -11,000 | -11,000 | -11,000 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -131,584 | -135,300 |
| Local business taxes (CFE and CVAE) | OPERATING EXPENSES | Overheads | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -16,800 | -17,600 |
| TOTAL OPERATING EXPENSES | OPERATING EXPENSES | -763,851.0242 | -797,828.5599 | -827,178.2325 | -840,150.7543 | -760,556.6279 | -863,535.3098 | -769,685.4134 | -608,725.4342 | -800,866.1352 | -816,230.2009 | -806,767.238 | -762,164.0141 | -838,437.2203 | -824,020.7697 | -838,245.2774 | -838,113.8187 | -775,668.7759 | -866,066.1 | -774,954.6762 | -638,075.3894 | -834,893.9622 | -831,376.0235 | -823,312.6825 | -783,855.0817 | -9,417,538.9443 | -9,667,019.7775 | |
| Research tax credit (CIR), other operating income (IAS 20) | OPERATING EXPENSES | Research_Credit | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,543.835 | 94,392.3885 | 94,116.2033 | 93,840.0283 | 99,012.8198 | 98,715.2407 | 99,840.6863 | 99,547.0697 | 99,254.2979 | 99,604.6398 | 99,313.9584 | 99,024.1187 | 100,159.1019 | 99,864.5062 | 99,570.7835 | 99,282.0847 | 1,134,261.7926 | 1,193,189.3076 |
| EBITDA | OPERATING EXPENSES | -382,177.4006 | -430,481.3774 | -430,888.4967 | -460,324.9603 | -361,410.4906 | -473,889.7719 | -359,287.2485 | -184,909.7429 | -318,936.7439 | -422,974.2537 | -412,168.6069 | -370,616.551 | -440,699.7246 | -450,925.2058 | -347,609.4689 | -464,282.4128 | -394,268.6561 | -351,213.9393 | -391,966.5271 | -247,130.1198 | -421,020.384 | -461,474.2527 | -453,839.2669 | -365,414.5633 | -4,608,065.6446 | -4,789,844.5215 | |
| EBITDA % of revenue | OPERATING EXPENSES | -76.98% | -90.65% | -83.96% | -94.14% | -69.03% | -83.4% | -63.38% | -32.21% | -49.36% | -78.86% | -76.4% | -69.45% | -76.1% | -82.25% | -51.97% | -84.62% | -70.72% | -50.84% | -71.61% | -45.58% | -71.55% | -85.06% | -83.41% | -61.91% | -71.31% | -68.94% | |
| EBITDA before the research tax credit (memo) | OPERATING EXPENSES | -471,388.0088 | -523,598.8676 | -524,969.2233 | -557,963.9059 | -457,724.353 | -570,441.0603 | -456,228.8009 | -279,424.6067 | -412,480.579 | -517,366.6422 | -506,284.8102 | -464,456.5793 | -539,712.5444 | -549,640.4465 | -447,450.1552 | -563,829.4825 | -493,522.954 | -450,818.5792 | -491,280.4855 | -346,154.2385 | -521,179.4858 | -561,338.7589 | -553,410.0504 | -464,696.648 | -5,742,327.4373 | -5,983,033.8291 | |
| Depreciation | BELOW EBITDA | Fixed_Assets | -6,000 | -6,140.4931 | -6,342.4567 | -6,606.6817 | -6,808.4072 | -6,938.7839 | -7,090.5469 | -7,152.59 | -7,213.2847 | -7,282.7292 | -7,418.8403 | -7,540.3625 | -7,628.3993 | -7,883.195 | -8,004.7766 | -8,126.2808 | -8,281.6738 | -8,370.5142 | -8,492.703 | -8,615.1524 | -8,704.1866 | -8,826.5703 | -8,915.6189 | -9,004.588 | -82,535.1761 | -100,853.6589 |
| EBIT | BELOW EBITDA | -388,177.4006 | -436,621.8704 | -437,230.9534 | -466,931.642 | -368,218.8978 | -480,828.5558 | -366,377.7955 | -192,062.3329 | -326,150.0287 | -430,256.9829 | -419,587.4472 | -378,156.9135 | -448,328.1239 | -458,808.4007 | -355,614.2456 | -472,408.6936 | -402,550.3299 | -359,584.4535 | -400,459.2301 | -255,745.2722 | -429,724.5706 | -470,300.8231 | -462,754.8858 | -374,419.1513 | -4,690,600.8208 | -4,890,698.1804 | |
| Interest on deposits | BELOW EBITDA | Treasury | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,287.787 | 12,482.0319 | 11,771.8663 | 11,304.4142 | 10,295.7884 | 9,543.017 | 9,089.7925 | 8,111.9036 | 7,385.5286 | 6,908.1809 | 5,994.7119 | 5,141.5079 | 4,605.8043 | 3,670.1115 | 2,877.1422 | 179,733.0585 | 84,927.903 |
| Exchange differences on USD supplier payments | BELOW EBITDA | Payables | 266.39 | 903.6018 | -2,821.3025 | 1,577.6786 | -338.2801 | -1,778.6851 | -1,168.6618 | 2,192.8698 | -10,566.3157 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,732.705 | 0 |
| PROFIT / (LOSS) BEFORE TAX | BELOW EBITDA | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -322,710.4709 | -416,969.1959 | -407,105.4153 | -366,385.0473 | -437,023.7097 | -448,512.6123 | -346,071.2286 | -463,318.9011 | -394,438.4263 | -352,198.925 | -393,551.0493 | -249,750.5603 | -424,583.0627 | -465,695.0187 | -459,084.7743 | -371,542.0091 | -4,522,600.4672 | -4,805,770.2773 | |
| Corporate income tax | BELOW EBITDA | Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET PROFIT / (LOSS) | BELOW EBITDA | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -322,710.4709 | -416,969.1959 | -407,105.4153 | -366,385.0473 | -437,023.7097 | -448,512.6123 | -346,071.2286 | -463,318.9011 | -394,438.4263 | -352,198.925 | -393,551.0493 | -249,750.5603 | -424,583.0627 | -465,695.0187 | -459,084.7743 | -371,542.0091 | -4,522,600.4672 | -4,805,770.2773 | |
| Net profit % of revenue | BELOW EBITDA | -74.45% | -88.06% | -82.44% | -91.82% | -67.45% | -82.33% | -62.33% | -30.52% | -49.95% | -77.74% | -75.46% | -68.66% | -75.47% | -81.81% | -51.74% | -84.44% | -70.75% | -50.98% | -71.9% | -46.06% | -72.15% | -85.84% | -84.37% | -62.95% | -69.99% | -69.17% | |
| Revenue: Developer | SEGMENT AND FUNCTIONAL VIEW (memo) | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 90,612.2835 | 94,248.6532 | 98,548.3648 | 95,086.9189 | 105,619.1386 | 104,033.094 | 107,404.7783 | 107,331.9345 | 111,793.9622 | 105,635.8679 | 108,607.9889 | 105,765.7896 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,044,903.8694 | 1,307,081.3403 | |
| Revenue: Team | SEGMENT AND FUNCTIONAL VIEW (memo) | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 197,646.2604 | 197,851.2712 | 197,789.506 | 197,249.0644 | 197,501.7017 | 197,484.6015 | 197,644.4919 | 197,370.7928 | 197,005.7051 | 196,772.7599 | 195,892.5376 | 194,159.1781 | 194,488.0008 | 194,930.7482 | 195,093.4349 | 194,759.2179 | 2,367,278.5721 | 2,353,103.1704 | |
| Revenue: Enterprise | SEGMENT AND FUNCTIONAL VIEW (memo) | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 357,832.5908 | 244,249.1427 | 243,183.6617 | 241,284.5683 | 275,952.8631 | 246,744.7028 | 363,875.8604 | 243,982.8251 | 248,677.2352 | 388,440.7086 | 242,890.0798 | 242,252.4059 | 284,825.7044 | 235,123.1316 | 234,618.785 | 280,549.1577 | 3,049,752.2535 | 3,287,933.4594 | |
| Compute in cost of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | -129,074.3866 | -129,580.8472 | -130,283.6924 | -129,420.6681 | -137,200.542 | -140,530.3118 | -152,468.4019 | -151,987.6147 | -158,025.5093 | -148,098.744 | -148,190.1566 | -149,183.3245 | -185,139.2319 | -183,602.0753 | -184,278.822 | -181,800.5381 | -183,915.0463 | -180,613.33 | -180,067.9265 | -178,750.9957 | -178,832.4769 | -178,818.6105 | -179,046.6508 | -180,165.484 | -1,704,044.1988 | -2,175,031.188 | |
| Research and development (payroll and compute), before the CIR | SEGMENT AND FUNCTIONAL VIEW (memo) | -429,738.8719 | -416,675.7144 | -443,990.5351 | -434,937.8321 | -421,188.5917 | -447,166.5006 | -402,078.6856 | -321,090.1548 | -445,933.7357 | -439,561.5766 | -447,378.6877 | -427,500.701 | -466,096.4128 | -441,216.9686 | -465,529.396 | -442,842.1152 | -437,945.4884 | -460,915.056 | -404,883.0885 | -344,195.8734 | -472,455.0269 | -461,820.8308 | -469,784.9556 | -448,954.7086 | -5,077,241.5871 | -5,316,639.9206 | |
| Sales and marketing | SEGMENT AND FUNCTIONAL VIEW (memo) | -171,756.8278 | -214,816.3099 | -181,658.2369 | -232,350.5632 | -175,888.9377 | -252,505.7343 | -214,581.5806 | -149,201.6159 | -194,269.6044 | -210,359.1911 | -193,204.1812 | -175,681.8827 | -187,684.4169 | -217,049.9623 | -184,120.4782 | -225,938.0547 | -176,758.631 | -237,343.875 | -208,419.6379 | -146,154.483 | -190,244.0571 | -203,026.9217 | -185,597.7391 | -170,521.3141 | -2,366,274.6657 | -2,332,859.5711 | |
| General and administrative | SEGMENT AND FUNCTIONAL VIEW (memo) | -162,355.3245 | -166,336.5356 | -201,529.4605 | -172,862.3591 | -163,479.0985 | -163,863.075 | -153,025.1472 | -138,433.6634 | -160,662.795 | -166,309.4332 | -166,184.369 | -158,981.4303 | -184,656.3906 | -165,753.8388 | -188,595.4032 | -169,333.6488 | -160,964.6565 | -167,807.169 | -161,651.9498 | -147,725.033 | -172,194.8782 | -166,528.2711 | -167,929.9879 | -164,379.059 | -1,974,022.6914 | -2,017,520.2859 | |
| Research and development % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 86.56% | 87.74% | 86.52% | 88.95% | 80.44% | 78.7% | 70.93% | 55.93% | 69.02% | 81.95% | 82.92% | 80.11% | 80.49% | 80.48% | 69.59% | 80.71% | 78.56% | 66.72% | 73.97% | 63.48% | 80.29% | 85.13% | 86.34% | 76.07% | 78.57% | 76.52% | |
| Sales and marketing % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 34.6% | 45.24% | 35.4% | 47.52% | 33.59% | 44.44% | 37.85% | 25.99% | 30.07% | 39.22% | 35.81% | 32.92% | 32.41% | 39.59% | 27.52% | 41.18% | 31.71% | 34.36% | 38.08% | 26.96% | 32.33% | 37.42% | 34.11% | 28.89% | 36.62% | 33.58% | |
| General and administrative % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 32.7% | 35.03% | 39.27% | 35.35% | 31.22% | 28.84% | 26.99% | 24.11% | 24.87% | 31.01% | 30.8% | 29.79% | 31.89% | 30.23% | 28.19% | 30.86% | 28.87% | 24.29% | 29.53% | 27.25% | 29.26% | 30.7% | 30.86% | 27.85% | 30.55% | 29.04% | |
| Compute in cost of revenue % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 24.46% | 27.61% | 27.47% | 27.96% | 31.97% | 33.49% | 27.55% | 33.13% | 32.99% | 26.14% | 32.9% | 32.97% | 30.39% | 32.96% | 32.91% | 30.53% | 26.37% | 31.3% |
| Measure | Section | Basis | 2026-01 Budget | 2026-02 Budget | 2026-03 Budget | 2026-04 Budget | 2026-05 Budget | 2026-06 Budget | 2026-07 Budget | 2026-08 Budget | 2026-09 Budget | 2026-10 Budget | 2026-11 Budget | 2026-12 Budget | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: prepaid credits used, breakage and true-ups | REVENUE | budget input | 75,885.46 | 80,377.1 | 79,610.28 | 81,828.43 | 81,527.66 | 83,727.17 | 84,939.71 | 82,422.82 | 86,831.85 | 90,832.3 | 94,867.79 | 95,560.9 | 1,018,411.47 |
| Team: plan fees | REVENUE | budget input | 149,907.33 | 155,406.42 | 161,074.4 | 166,043.2 | 170,795.37 | 175,651.52 | 179,494.33 | 182,014.25 | 187,406.5 | 192,897.41 | 197,919.25 | 202,151.86 | 2,120,761.84 |
| Team: usage above the allowance | REVENUE | budget input | 29,981.47 | 31,081.28 | 32,214.88 | 33,208.64 | 34,159.07 | 35,130.3 | 35,898.87 | 36,402.85 | 37,481.3 | 38,579.48 | 39,583.85 | 40,430.37 | 424,152.36 |
| Enterprise revenue | REVENUE | budget input | 237,421.35 | 203,599.79 | 271,955.39 | 222,790.34 | 266,594.46 | 284,279.41 | 282,634.34 | 287,455.23 | 375,994.48 | 286,750.21 | 292,931.81 | 299,260.96 | 3,311,667.77 |
| REVENUE | REVENUE | 493,195.61 | 470,464.59 | 544,854.95 | 503,870.61 | 553,076.56 | 578,788.4 | 582,967.25 | 588,295.15 | 687,714.13 | 609,059.4 | 625,302.7 | 637,404.09 | 6,874,993.44 | |
| Reserved GPUs: inference and idle capacity | COST OF REVENUE (costs negative) | budget input | -17,557.09 | -16,523.22 | -17,589.86 | -17,222.21 | -18,030.88 | -18,269.93 | -18,047.12 | -18,653.31 | -18,960.78 | -19,200.17 | -19,484.17 | -19,934.12 | -219,472.86 |
| On-demand GPUs | COST OF REVENUE (costs negative) | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B | COST OF REVENUE (costs negative) | budget input | -81,548.32 | -83,596.73 | -88,134.89 | -72,114.72 | -75,618.38 | -77,357.13 | -78,860.38 | -81,966.14 | -84,097.68 | -88,212.75 | -90,307.62 | -92,196.61 | -994,011.35 |
| Model API vendor C | COST OF REVENUE (costs negative) | budget input | -8,080.29 | -8,284.62 | -8,754.38 | -8,954.54 | -9,407.6 | -9,627.11 | -9,815.78 | -10,218.02 | -10,494.32 | -11,034.95 | -11,305.44 | -11,547.98 | -117,525.03 |
| Hosting, storage and network | COST OF REVENUE (costs negative) | budget input | -27,662.79 | -27,944.11 | -28,590.39 | -28,867 | -29,491.78 | -29,794.54 | -30,055.96 | -30,612.86 | -30,991.45 | -31,733.59 | -32,105.07 | -32,439.31 | -360,288.85 |
| Card processing fees | COST OF REVENUE (costs negative) | budget input | -5,641.92 | -5,784 | -6,000.22 | -6,100.09 | -6,248.13 | -6,438.67 | -6,460.02 | -6,385.4 | -6,971.37 | -7,186.58 | -7,317 | -7,378.52 | -77,911.92 |
| Solutions, support and customer success payroll | COST OF REVENUE (costs negative) | budget input | -68,113.8 | -65,231.06 | -74,569.49 | -71,557.15 | -77,519.01 | -80,838.26 | -71,130.58 | -58,821.69 | -89,219.42 | -87,319.91 | -89,251.24 | -85,670.11 | -919,241.72 |
| Unused committed cloud spend | COST OF REVENUE (costs negative) | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL COST OF REVENUE | COST OF REVENUE (costs negative) | -208,604.21 | -207,363.74 | -223,639.23 | -204,815.71 | -216,315.78 | -222,325.64 | -214,369.84 | -206,657.42 | -240,735.02 | -244,687.95 | -249,770.54 | -249,166.65 | -2,688,451.73 | |
| GROSS PROFIT | COST OF REVENUE (costs negative) | 284,591.4 | 263,100.85 | 321,215.72 | 299,054.9 | 336,760.78 | 356,462.76 | 368,597.41 | 381,637.73 | 446,979.11 | 364,371.45 | 375,532.16 | 388,237.44 | 4,186,541.71 | |
| Research and development payroll | OPERATING EXPENSES AND OTHER INCOME | budget input | -420,725.76 | -414,423.15 | -441,449.4 | -432,733.18 | -439,909.64 | -467,986.43 | -413,529.75 | -362,087.85 | -488,691.62 | -486,626.83 | -498,021.18 | -477,175.15 | -5,343,359.94 |
| Research compute | OPERATING EXPENSES AND OTHER INCOME | budget input | -3,545.45 | -2,537.14 | -3,512.69 | -3,199.61 | -3,071.67 | -2,151.89 | -3,055.43 | -2,449.23 | -1,461.04 | -1,902.38 | -937.65 | -1,168.42 | -28,992.6 |
| Sales and marketing payroll incl. commissions | OPERATING EXPENSES AND OTHER INCOME | budget input | -115,008.77 | -164,360.02 | -158,440.22 | -160,023.42 | -142,615.93 | -176,795.49 | -144,026.68 | -123,949.63 | -165,426.34 | -199,978.06 | -164,927.01 | -142,360.52 | -1,857,912.09 |
| Paid media and content | OPERATING EXPENSES AND OTHER INCOME | budget input | -36,000 | -36,000 | -41,400 | -36,000 | -36,000 | -36,000 | -36,000 | -28,800 | -36,000 | -41,400 | -36,000 | -36,000 | -435,600 |
| Events and conferences | OPERATING EXPENSES AND OTHER INCOME | budget input | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -35,000 | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -189,000 |
| General and administrative payroll | OPERATING EXPENSES AND OTHER INCOME | budget input | -67,540.72 | -64,718.92 | -73,725.65 | -70,789.57 | -70,008.03 | -72,979.89 | -64,048.51 | -51,383.18 | -74,494.71 | -72,947.38 | -74,521.3 | -71,591.69 | -828,749.55 |
| Software and IT tools | OPERATING EXPENSES AND OTHER INCOME | budget input | -17,040 | -17,520 | -18,240 | -18,720 | -19,200 | -19,440 | -19,680 | -19,920 | -20,160 | -20,400 | -20,640 | -20,640 | -231,600 |
| Office rent | OPERATING EXPENSES AND OTHER INCOME | budget input | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -408,000 |
| Legal, audit and accounting | OPERATING EXPENSES AND OTHER INCOME | budget input | -16,000 | -16,000 | -35,200 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -211,200 |
| Insurance | OPERATING EXPENSES AND OTHER INCOME | budget input | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -54,000 |
| Recruitment | OPERATING EXPENSES AND OTHER INCOME | budget input | -8,500 | -16,000 | -23,500 | -16,000 | -16,000 | -8,500 | -8,500 | -8,500 | -8,500 | -8,500 | -8,500 | -1,000 | -132,000 |
| Travel | OPERATING EXPENSES AND OTHER INCOME | budget input | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -132,000 |
| Local business taxes | OPERATING EXPENSES AND OTHER INCOME | budget input | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -16,800 |
| TOTAL OPERATING EXPENSES | OPERATING EXPENSES AND OTHER INCOME | -749,260.7 | -796,459.23 | -860,367.96 | -818,365.78 | -807,705.27 | -885,753.7 | -769,740.37 | -677,989.89 | -875,633.71 | -912,654.65 | -884,447.14 | -830,835.78 | -9,869,214.18 | |
| Research tax credit (CIR) | OPERATING EXPENSES AND OTHER INCOME | budget input | 88,337.03 | 92,841.49 | 94,092.71 | 96,881.16 | 101,385.62 | 102,636.84 | 102,636.84 | 105,425.3 | 105,425.3 | 106,676.52 | 106,676.52 | 106,676.52 | 1,209,691.85 |
| EBITDA | OPERATING EXPENSES AND OTHER INCOME | -376,332.27 | -440,516.89 | -445,059.53 | -422,429.72 | -369,558.87 | -426,654.1 | -298,506.12 | -190,926.86 | -323,229.3 | -441,606.68 | -402,238.46 | -335,921.82 | -4,472,980.62 | |
| Depreciation | OPERATING EXPENSES AND OTHER INCOME | budget input | -6,000 | -6,136.11 | -6,338.89 | -6,608.33 | -6,811.11 | -7,013.89 | -7,150 | -7,286.11 | -7,422.22 | -7,558.33 | -7,694.44 | -7,830.56 | -83,849.99 |
| Interest on deposits | OPERATING EXPENSES AND OTHER INCOME | budget input | 18,300 | 17,634.05 | 16,853.9 | 16,066.38 | 15,305.94 | 14,619.25 | 15,252.56 | 14,668.39 | 14,234.88 | 13,626.29 | 12,836.54 | 12,098.82 | 181,497 |
| Exchange differences | OPERATING EXPENSES AND OTHER INCOME | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PROFIT / (LOSS) BEFORE TAX | OPERATING EXPENSES AND OTHER INCOME | -364,032.27 | -429,018.95 | -434,544.52 | -412,971.67 | -361,064.04 | -419,048.74 | -290,403.56 | -183,544.58 | -316,416.64 | -435,538.72 | -397,096.36 | -331,653.56 | -4,375,333.61 | |
| Corporate income tax (nil: tax losses) | OPERATING EXPENSES AND OTHER INCOME | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET PROFIT / (LOSS) | OPERATING EXPENSES AND OTHER INCOME | -364,032.27 | -429,018.95 | -434,544.52 | -412,971.67 | -361,064.04 | -419,048.74 | -290,403.56 | -183,544.58 | -316,416.64 | -435,538.72 | -397,096.36 | -331,653.56 | -4,375,333.61 | |
| Developer credit packs purchased | DRIVERS, BALANCES AND HEADCOUNT | budget input | 83,185.13 | 83,304.39 | 86,598.22 | 85,412.41 | 86,667.82 | 89,736.41 | 86,284.72 | 79,998.65 | 100,427.39 | 103,886.83 | 104,035.76 | 101,964.15 | 1,091,501.88 |
| Developer credits used | DRIVERS, BALANCES AND HEADCOUNT | budget input | 67,101.2 | 68,753.52 | 70,670.81 | 71,874.94 | 72,954.3 | 74,497.44 | 75,036.75 | 74,175.92 | 77,540.12 | 81,093.99 | 83,700.47 | 85,230.85 | 902,630.31 |
| Developer true-ups at expiry (revenue less credits used grossed up) | DRIVERS, BALANCES AND HEADCOUNT | -365.9036 | 2,248.1 | -697.4586 | 152.3618 | -1,374.9536 | -929.0118 | -329.3241 | -1,867.9982 | -1,281.9227 | -1,319.9614 | -246.3805 | -1,292.3386 | -7,304.7914 | |
| Team customers at month end | DRIVERS, BALANCES AND HEADCOUNT | budget | 346.5 | 357.7 | 369.3 | 379.2 | 388.5 | 397.9 | 405 | 409.1 | 419.5 | 430.1 | 439.5 | 447.1 | 447.1 |
| Team new customers | DRIVERS, BALANCES AND HEADCOUNT | budget input | 19.8 | 18.9 | 19.4 | 18 | 17.6 | 18 | 15.8 | 13 | 19.4 | 19.8 | 18.9 | 17.3 | 215.9 |
| Team customers lost | DRIVERS, BALANCES AND HEADCOUNT | budget input | -7.3 | -7.6 | -7.9 | -8.1 | -8.3 | -8.5 | -8.8 | -8.9 | -9 | -9.2 | -9.5 | -9.7 | -102.8 |
| Team customers lost a month, share of opening | DRIVERS, BALANCES AND HEADCOUNT | 2.19% | 2.19% | 2.21% | 2.19% | 2.19% | 2.19% | 2.21% | 2.2% | 2.2% | 2.19% | 2.21% | 2.21% | 2.2% | |
| Team plan fee per customer | DRIVERS, BALANCES AND HEADCOUNT | 432.633 | 434.4602 | 436.1614 | 437.8776 | 439.6277 | 441.4464 | 443.1959 | 444.9138 | 446.7378 | 448.4943 | 450.3282 | 452.1401 | 442.3347 | |
| Enterprise: Pravenza Retail (renewal assumed) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 15,828.83 | 15,987.12 | 16,146.99 | 16,308.46 | 16,471.55 | 16,636.26 | 16,802.62 | 16,970.65 | 17,140.36 | 17,311.76 | 17,484.88 | 17,659.73 | 200,749.21 |
| Enterprise: four new accounts | DRIVERS, BALANCES AND HEADCOUNT | budget input | 0 | 0 | 11,000 | 11,445.5 | 22,909.04 | 23,836.86 | 24,802.25 | 36,806.74 | 38,156.55 | 50,556.81 | 52,314.06 | 54,133.77 | 325,961.58 |
| Enterprise: other accounts | DRIVERS, BALANCES AND HEADCOUNT | budget input | 221,592.52 | 187,612.67 | 244,808.4 | 195,036.38 | 227,213.87 | 243,806.29 | 241,029.47 | 233,677.84 | 320,697.57 | 218,881.64 | 223,132.87 | 227,467.46 | 2,784,956.98 |
| Units used: Document AI (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 20,200.7 | 20,711.5 | 21,886 | 22,386.4 | 23,519 | 24,067.8 | 24,539.5 | 25,545 | 26,235.8 | 27,587.4 | 28,263.6 | 28,870 | 293,812.7 |
| Units used: Voice AI (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 18,398.9 | 18,842.3 | 19,874 | 20,313.6 | 21,316.1 | 21,797.6 | 22,216.8 | 23,119 | 23,718.3 | 24,903.9 | 25,494.1 | 26,028.2 | 266,022.8 |
| Units used: Agent workspace (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 7,591 | 7,789.2 | 8,208.5 | 8,400.9 | 8,802.8 | 9,008.6 | 9,185.4 | 9,536.3 | 9,785.1 | 10,253.8 | 10,497.8 | 10,717.1 | 109,776.5 |
| Inference GPU hours | DRIVERS, BALANCES AND HEADCOUNT | budget input | 7,522.3 | 7,708 | 8,136.9 | 7,987.1 | 8,385.7 | 8,578.1 | 8,394.8 | 8,736.8 | 8,967.8 | 9,045.3 | 9,263.1 | 9,459.3 | 102,185.2 |
| Provider A spend (USD) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 53,641.86 | 51,704.92 | 54,662.23 | 54,217.71 | 55,653.76 | 55,237.99 | 56,274.36 | 56,886.95 | 56,554.6 | 58,119.75 | 57,779.58 | 58,896.05 | 669,629.76 |
| Cash at bank | DRIVERS, BALANCES AND HEADCOUNT | budget balance | 11,756,030.37 | 11,235,933.33 | 10,710,922.93 | 10,203,962.41 | 9,746,164.02 | 10,168,371.57 | 9,778,926.18 | 9,489,918.24 | 9,084,194.05 | 8,557,691.67 | 8,065,881.2 | 7,639,284.93 | 7,639,284.93 |
| Contract liability: Developer credits | DRIVERS, BALANCES AND HEADCOUNT | budget balance | 216,280 | 219,207.29 | 226,195.23 | 229,779.21 | 234,919.37 | 240,928.61 | 242,273.62 | 239,849.45 | 253,444.99 | 266,499.52 | 275,667.49 | 282,070.74 | 282,070.74 |
| Headcount | DRIVERS, BALANCES AND HEADCOUNT | budget | 71 | 73 | 76 | 78 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 86 | 86 |
| Hires | DRIVERS, BALANCES AND HEADCOUNT | budget | 1 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 16 |
| Model API vendor B price per million tokens (USD) | DRIVERS, BALANCES AND HEADCOUNT | budget | 2 | 2 | 2 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 |
| USD per EUR (budget rate) | DRIVERS, BALANCES AND HEADCOUNT | budget | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 |
| label | ytd actual | ytd budget | ytd variance | ytd variance pct | fy outlook | fy budget | fy variance | fy variance pct | commentary |
|---|---|---|---|---|---|---|---|---|---|
| Developer revenue | 666,407.6491 | 650,318.63 | 16,089.0191 | 2.47% | 1,044,903.8694 | 1,018,411.47 | 26,492.3994 | 2.6% | Credits used above budget; pack true-ups slightly negative. |
| Team revenue | 1,576,742.47 | 1,608,464.18 | -31,721.71 | -1.97% | 2,367,278.5721 | 2,544,914.2 | -177,635.6279 | -6.98% | New customers 14.5 a month against 17.6 budgeted; usage above the allowance ahead of budget. |
| Enterprise revenue | 1,963,202.29 | 2,056,730.31 | -93,528.02 | -4.55% | 3,049,752.2535 | 3,311,667.77 | -261,915.5165 | -7.91% | Pravenza Retail lost at the March renewal; two accounts won later than the four budgeted; existing accounts ahead on usage. |
| REVENUE | 4,206,352.4091 | 4,315,513.12 | -109,160.7109 | -2.53% | 6,461,934.695 | 6,874,993.44 | -413,058.745 | -6.01% | Revenue by cause: see the table below. |
| Reserved GPUs: inference and idle capacity | -136,262.058 | -141,893.62 | 5,631.562 | 3.97% | -213,214.0071 | -219,472.86 | 6,258.8529 | 2.85% | Weaker dollar than the 1.10 budgeted. |
| On-demand GPUs | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0% | |
| Model API vendor B | -671,921.2925 | -639,196.69 | -32,724.6025 | -5.12% | -1,037,111.8898 | -994,011.35 | -43,100.5398 | -4.34% | Vendor B kept USD 2.00 per million tokens; the budget assumed USD 1.60 from April. |
| Model API vendor C | -71,431.42 | -73,142.34 | 1,710.92 | 2.34% | -110,405.9404 | -117,525.03 | 7,119.0896 | 6.06% | |
| Hosting, storage and network | -220,931.694 | -233,019.43 | 12,087.736 | 5.19% | -343,312.3615 | -360,288.85 | 16,976.4885 | 4.71% | |
| Unused committed cloud spend | -97,903.9075 | 0 | -97,903.9075 | 0% | -109,017.3881 | 0 | -109,017.3881 | 0% | Expected shortfall on the 2026 Provider A commitment (IAS 37). |
| Card processing fees | -48,912.86 | -49,058.45 | 145.59 | 0.3% | -74,992.6862 | -77,911.92 | 2,919.2338 | 3.75% | |
| Solutions, support and success payroll | -569,216.6476 | -567,781.04 | -1,435.6076 | -0.25% | -898,668.9149 | -919,241.72 | 20,572.8051 | 2.24% | |
| TOTAL COST OF REVENUE | -1,816,579.8796 | -1,704,091.57 | -112,488.3096 | -6.6% | -2,786,723.188 | -2,688,451.73 | -98,271.458 | -3.66% | |
| GROSS PROFIT | 2,389,772.5295 | 2,611,421.55 | -221,649.0205 | -8.49% | 3,675,211.507 | 4,186,541.71 | -511,330.203 | -12.21% | |
| Gross margin % | 0.5681 | 0.6051 | -0.037 | 0.5687 | 0.609 | -0.0402 | |||
| Research and development payroll | -3,296,596.4948 | -3,392,845.16 | 96,248.6652 | 2.84% | -5,049,336.4783 | -5,343,359.94 | 294,023.4617 | 5.5% | Hiring behind plan; a software engineer and a machine learning engineer left. |
| Research compute | -20,270.3913 | -23,523.11 | 3,252.7187 | 13.83% | -27,905.1088 | -28,992.6 | 1,087.4912 | 3.75% | |
| Sales and marketing payroll incl. commissions | -1,152,421.4762 | -1,185,220.16 | 32,798.6838 | 2.77% | -1,712,236.3357 | -1,857,912.09 | 145,675.7543 | 7.84% | |
| Paid media and content | -308,250.13 | -286,200 | -22,050.13 | -7.7% | -465,950.13 | -435,600 | -30,350.13 | -6.97% | March campaign above the budget run-rate. |
| Events and conferences | -132,088.2 | -133,000 | 911.8 | 0.69% | -188,088.2 | -189,000 | 911.8 | 0.48% | |
| General and administrative payroll | -538,797.4438 | -535,194.47 | -3,602.9738 | -0.67% | -830,149.0737 | -828,749.55 | -1,399.5237 | -0.17% | |
| Software and IT tools | -147,029.89 | -149,760 | 2,730.11 | 1.82% | -220,765.902 | -231,600 | 10,834.098 | 4.68% | |
| Office rent | -272,000 | -272,000 | 0 | 0% | -408,000 | -408,000 | 0 | 0% | |
| Legal, audit and accounting | -148,765.78 | -147,200 | -1,565.78 | -1.06% | -212,765.78 | -211,200 | -1,565.78 | -0.74% | |
| Insurance | -36,000 | -36,000 | 0 | 0% | -54,000 | -54,000 | 0 | 0% | |
| Recruitment | -80,507.55 | -105,500 | 24,992.45 | 23.69% | -99,957.9357 | -132,000 | 32,042.0643 | 24.27% | 10 hires against 13 budgeted year to date. |
| Travel | -87,584 | -88,000 | 416 | 0.47% | -131,584 | -132,000 | 416 | 0.32% | |
| Local business taxes | -11,200 | -11,200 | 0 | 0% | -16,800 | -16,800 | 0 | 0% | |
| TOTAL OPERATING EXPENSES | -6,231,511.3561 | -6,365,642.9 | 134,131.5439 | 2.11% | -9,417,538.9443 | -9,869,214.18 | 451,675.2357 | 4.58% | |
| Research tax credit (CIR) | 758,369.3376 | 784,236.99 | -25,867.6524 | -3.3% | 1,134,261.7926 | 1,209,691.85 | -75,430.0574 | -6.24% | Lower research payroll than budgeted. |
| EBITDA | -3,083,369.4891 | -2,969,984.36 | -113,385.1291 | -3.82% | -4,608,065.6446 | -4,472,980.62 | -135,085.0246 | -3.02% | EUR 113k behind budget YTD; EUR 135k behind on the full-year outlook. |
| EBITDA % of revenue | -0.733 | -0.6882 | -0.0448 | -0.7131 | -0.6506 | -0.0625 | |||
| Depreciation | -53,079.9594 | -53,344.44 | 264.4806 | 0.5% | -82,535.1761 | -83,849.99 | 1,314.8139 | 1.57% | |
| Interest on deposits | 128,185.5 | 128,700.47 | -514.97 | -0.4% | 179,733.0585 | 181,497 | -1,763.9415 | -0.97% | |
| Exchange differences | -1,166.3893 | 0 | -1,166.3893 | 0% | -11,732.705 | 0 | -11,732.705 | 0% | |
| Corporate income tax | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0% | |
| NET PROFIT / (LOSS) | -3,009,430.3378 | -2,894,628.33 | -114,802.0078 | -3.97% | -4,522,600.4672 | -4,375,333.61 | -147,266.8572 | -3.37% | |
| Team customers | 380 | 409.1 | -29.1 | -7.11% | 376.3831 | 447.1 | -70.7169 | -15.82% | |
| Developer credit packs purchased | 706,057 | 681,187.75 | 24,869.25 | 3.65% | 1,130,192.7335 | 1,091,501.88 | 38,690.8535 | 3.54% | |
| Units used: Document AI (thousands) | 179,632.9 | 182,855.9 | -3,223 | -1.76% | 277,069.201 | 293,812.7 | -16,743.499 | -5.7% | |
| Units used: Voice AI (thousands) | 162,243 | 165,878.3 | -3,635.3 | -2.19% | 252,535.6916 | 266,022.8 | -13,487.1084 | -5.07% | |
| Units used: Agent workspace (thousands) | 65,211.4 | 68,522.7 | -3,311.3 | -4.83% | 100,163.8266 | 109,776.5 | -9,612.6734 | -8.76% | |
| Inference GPU hours | 66,690.5674 | 65,449.7 | 1,240.8674 | 1.9% | 102,282.9085 | 102,185.2 | 97.7085 | 0.1% | |
| Cash at bank | 9,337,248.9223 | 9,489,918.24 | -152,669.3177 | -1.61% | 7,536,276.1494 | 7,639,284.93 | -103,008.7806 | -1.35% | |
| Headcount | 77 | 83 | -6 | -7.23% | 76.8153 | 86 | -9.1847 | -10.68% |
| Cause | YTD actual | YTD budget | YTD variance | Revenue effect YTD | FY26 outlook | FY26 budget | FY26 variance | Revenue effect FY26 |
|---|---|---|---|---|---|---|---|---|
| Developer: credits used (volume, grossed up for breakage) | 17,055.375 | 33,121.0458 | ||||||
| Developer: true-ups when packs expire | -4,130.5441 | -3,164.1882 | -966.3559 | -966.3559 | -13,933.4377 | -7,304.7914 | -6,628.6464 | -6,628.6464 |
| Team: customer numbers (at the budget fee) | -45,532.1271 | -145,933.8887 | ||||||
| Team: plan fee per customer | -11,626.6029 | -27,283.8092 | ||||||
| Team: usage above the allowance | 293,514.38 | 268,077.36 | 25,437.02 | 25,437.02 | 419,734.4299 | 424,152.36 | -4,417.9301 | -4,417.9301 |
| Enterprise: Pravenza Retail not renewed in March | 30,369.41 | 131,152.48 | -100,783.07 | -100,783.07 | 30,369.41 | 200,749.21 | -170,379.8 | -170,379.8 |
| Enterprise: new accounts (won and pipeline against the four budgeted) | 89,228.46 | 130,800.39 | -41,571.93 | -41,571.93 | 207,945.8062 | 325,961.58 | -118,015.7738 | -118,015.7738 |
| Enterprise: existing accounts (usage, commitments and unused commitments) | 1,848,122.22 | 1,794,777.44 | 53,344.78 | 53,344.78 | 2,820,472.6412 | 2,784,956.98 | 35,515.6612 | 35,515.6612 |
| Enterprise: credit notes and refund liability | -4,517.8 | 0 | -4,517.8 | -4,517.8 | -9,035.604 | 0 | -9,035.604 | -9,035.604 |
| TOTAL REVENUE VARIANCE | -109,160.7109 | -413,058.745 |
| step | value |
|---|---|
| Budget EBITDA YTD | -2,969,984.36 |
| Developer revenue | 16,089.0191 |
| Team revenue | -31,721.71 |
| Enterprise revenue | -93,528.02 |
| GPUs: reserved and on-demand | 5,631.562 |
| Model APIs (vendors B and C) | -31,013.6825 |
| Hosting, storage and network | 12,087.736 |
| Unused committed cloud spend | -97,903.9075 |
| Card processing fees | 145.59 |
| Solutions, support and success payroll | -1,435.6076 |
| Research and development payroll and compute | 99,501.3839 |
| Sales and marketing payroll incl. commissions | 32,798.6838 |
| Marketing programmes (media, events) | -21,138.33 |
| General and administrative payroll | -3,602.9738 |
| Other overheads (tools, rent, advisers, insurance, recruitment, travel, local taxes) | 26,572.78 |
| Research tax credit | -25,867.6524 |
| Actual EBITDA YTD | -3,083,369.4891 |
Balance sheet & cash flow
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash at bank and term deposits | ASSETS | CF | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 8,858,524.638 | 8,321,354.6216 | 7,847,910.8358 | 7,536,276.1494 | 6,863,858.943 | 6,362,011.335 | 6,059,861.6776 | 5,407,935.7229 | 4,923,685.7093 | 4,605,453.9126 | 3,996,474.5988 | 3,427,671.9058 | 3,070,536.2272 | 2,446,741.0176 | 1,918,094.8112 | 2,689,612.8649 | 7,536,276.1494 | 2,689,612.8649 |
| Card processor balance | ASSETS | Receivables | 0.0013 | -0.0004 | -0.0025 | -0.0044 | -0.005 | -0.0074 | -0.0042 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 |
| Enterprise receivables: accounts in France (incl. VAT) | ASSETS | Receivables | 142,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 170,071.208 | 244,071.208 | 175,071.208 | 214,071.21 | 291,571.21 | 244,071.21 | 196,000 | 305,900 | 247,000 | 227,538.1154 | 388,492.335 | 353,504.6481 | 249,919.7793 | 290,322.346 | 225,440 | 185,240 | 281,440 | 225,440 | 185,240 | 196,000 | 185,240 |
| Enterprise receivables: accounts outside France | ASSETS | Receivables | 283,420.64 | 299,107.96 | 195,477.61 | 259,166.66 | 292,499.99 | 192,499.99 | 335,833.32 | 344,999.99 | 281,650 | 362,958.8072 | 426,059.1041 | 307,074.3134 | 435,376.4409 | 490,480.1702 | 317,738.5014 | 377,006.183 | 447,219.3531 | 289,484.7956 | 358,261.7745 | 426,575 | 258,262.5 | 339,070.3073 | 417,299.2025 | 285,079.2179 | 307,074.3134 | 285,079.2179 |
| Contract assets: Enterprise usage ahead of billing | ASSETS | Enterprise | 0 | 7,658.4 | 0 | 7,868.9 | 0 | 7,328.07 | 29,335.21 | 21,877.98 | 31,290.5775 | 56,656.1369 | 67,452.079 | 31,858.6454 | 41,462.0014 | 92,338.237 | 0 | 17,020.342 | 0 | 5,604.0574 | 35,610.3817 | 18,816.1656 | 28,951.3965 | 46,779.1099 | 48,404.0575 | 21,305.0574 | 31,858.6454 | 21,305.0574 |
| Research tax credit receivable | ASSETS | Research_Credit | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,913.1726 | 946,305.5611 | 1,040,421.7644 | 1,134,261.7926 | 1,233,274.6125 | 1,331,989.8532 | 1,431,830.5395 | 1,531,377.6092 | 1,630,631.907 | 1,730,236.5469 | 1,829,550.5053 | 1,928,574.624 | 2,028,733.7258 | 2,128,598.232 | 2,228,169.0155 | 1,193,189.3076 | 1,134,261.7926 | 1,193,189.3076 |
| VAT to deduct on French supplier invoices not yet paid | ASSETS | VAT | 8,669.268 | 10,330.9997 | 15,953.3157 | 10,431.939 | 8,800.961 | 13,281.3673 | 7,102.103 | 6,437.9977 | 6,700 | 8,680 | 8,246.71 | 7,252.1918 | 11,780.933 | 7,824.475 | 11,758.1742 | 8,828.6702 | 6,852.0609 | 11,286.5077 | 7,850.2462 | 6,857.8176 | 7,848.2958 | 6,858.2434 | 6,855.8805 | 6,856.4239 | 7,252.1918 | 6,856.4239 |
| Prepaid rent | ASSETS | Overheads | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 0 | 0 |
| Other prepayments | ASSETS | opening balance, no movement modelled | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 |
| Rent deposit | ASSETS | opening balance | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 |
| Fixed assets (IT equipment and office fit-out) | ASSETS | Fixed_Assets | 239,057.75 | 240,187.9469 | 243,357.5903 | 244,013.0286 | 241,898.1814 | 240,422.8675 | 235,565.8706 | 230,598.2906 | 225,885.0058 | 223,502.2767 | 220,458.2364 | 216,087.1973 | 217,631.4441 | 214,125.1885 | 210,494.5625 | 207,962.4274 | 202,879.0092 | 198,907.2923 | 194,822.7665 | 189,412.8476 | 185,114.474 | 179,493.6532 | 173,780.9198 | 167,979.876 | 216,087.1973 | 167,979.876 |
| TOTAL ASSETS | ASSETS | 13,591,935.1158 | 13,280,205.2829 | 12,858,961.8525 | 12,519,622.0378 | 12,132,684.7358 | 11,702,933.6743 | 11,462,889.4343 | 11,040,603.7185 | 10,602,034.5963 | 10,411,028.6058 | 10,020,619.932 | 9,560,810.2823 | 9,310,984.3673 | 8,912,619.2512 | 8,391,221.5629 | 8,140,323.282 | 7,731,622.68 | 7,222,892.8841 | 6,914,592.6113 | 6,390,198.3528 | 5,896,686.6116 | 5,630,680.5557 | 5,184,893.8794 | 4,681,262.74 | 9,560,810.2823 | 4,681,262.74 | |
| Trade payables: compute suppliers in USD | LIABILITIES | Payables | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 149,803.5788 | 140,690.7201 | 140,134.7729 | 250,546.2478 | 172,725.1583 | 171,231.3748 | 172,064.1767 | 169,464.5132 | 171,878.4422 | 168,683.0434 | 169,085.5792 | 167,939.6141 | 167,181.5799 | 168,075.5165 | 167,552.5257 | 169,126.6971 | 250,546.2478 | 169,126.6971 |
| Trade payables: model API vendor C | LIABILITIES | Payables | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,764.2135 | 9,702.626 | 9,719.0348 | 9,788.6461 | 12,535.6134 | 12,370.7005 | 12,489.4313 | 12,415.0502 | 12,525.8998 | 12,198.5161 | 12,187.5745 | 12,134.5049 | 12,248.4626 | 12,188.0632 | 12,217.5233 | 12,297.1689 | 9,788.6461 | 12,297.1689 |
| Trade payables: company card statements | LIABILITIES | Payables | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,345.04 | 73,151.1753 | 67,504.1261 | 67,435.6706 | 61,877.3077 | 61,927.3941 | 66,650.3521 | 62,150.2486 | 62,076.6435 | 62,126.6974 | 62,177.5939 | 55,873.2016 | 62,156.4559 | 66,758.5687 | 62,012.9707 | 61,942.0203 | 67,435.6706 | 61,942.0203 |
| Trade payables: French suppliers | LIABILITIES | Payables | 52,015.608 | 61,985.998 | 95,719.894 | 62,591.634 | 52,805.766 | 79,688.204 | 42,612.618 | 38,627.986 | 40,200 | 52,080 | 49,480.26 | 43,513.151 | 70,685.5981 | 46,946.8499 | 70,549.0454 | 52,972.0213 | 41,112.3653 | 67,719.0464 | 47,101.4774 | 41,146.9054 | 47,089.7746 | 41,149.4605 | 41,135.2833 | 41,138.5434 | 43,513.151 | 41,138.5434 |
| Contract liabilities: Enterprise commitments billed ahead of usage | LIABILITIES | Enterprise | 405,068.32 | 416,887.68 | 341,790.66 | 460,931.04 | 433,279.73 | 349,007.77 | 503,048.46 | 419,326.25 | 241,306.2567 | 408,314.8141 | 376,027.3913 | 300,623.5785 | 485,225.1365 | 500,387.1089 | 265,337.6586 | 482,788.5839 | 477,623.3837 | 257,936.7324 | 438,677.977 | 373,256.355 | 251,965.8815 | 422,603.2706 | 381,275.8285 | 256,751.6921 | 300,623.5785 | 256,751.6921 |
| Contract liabilities: Developer credits | LIABILITIES | Credits | 210,641.7941 | 219,177.9955 | 229,825.6118 | 231,454.4145 | 238,172.3155 | 242,308.5395 | 247,788.6836 | 248,629.6809 | 264,143.7081 | 278,070.5533 | 286,267.4453 | 294,269.1941 | 300,103.3797 | 306,050.0305 | 311,300.4693 | 313,455.0935 | 311,131.1562 | 317,182.5268 | 314,394.1738 | 305,303.0209 | 315,740.6328 | 325,177.8963 | 331,059.3779 | 332,340.9953 | 294,269.1941 | 332,340.9953 |
| Refund liability: expected credit notes | LIABILITIES | Enterprise | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 4,517.8 | 4,517.8 | 4,517.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| VAT payable / (credit carried forward) | LIABILITIES | VAT | 5,032.493 | 29,880.5496 | 24,527.8642 | -756.4677 | 32,840.4383 | 35,412.8709 | 4,281.6225 | 38,769.3256 | 31,279.0072 | 10,362.2326 | 34,009.8902 | 41,926.6599 | 9,498.0274 | 31,107.9299 | 46,349.3945 | 4,159.2562 | 38,878.3721 | 54,739.739 | 12,947.434 | 34,805.0287 | 44,517.1073 | 8,124.7784 | 36,053.325 | 44,303.8514 | 41,926.6599 | 44,303.8514 |
| VAT on French invoices not yet collected | LIABILITIES | Receivables | 23,666.6667 | 17,500 | 23,833.3333 | 35,666.6667 | 28,511.868 | 28,345.2013 | 40,678.5347 | 29,178.5347 | 35,678.535 | 48,595.2017 | 40,678.535 | 32,666.6667 | 50,983.3333 | 41,166.6667 | 37,923.0192 | 64,748.7225 | 58,917.4414 | 41,653.2965 | 48,387.0577 | 37,573.3333 | 30,873.3333 | 46,906.6667 | 37,573.3333 | 30,873.3333 | 32,666.6667 | 30,873.3333 |
| URSSAF payable | LIABILITIES | People | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.3725 | 254,250.7275 | 241,473.5475 | 252,464.91 | 250,288.55 | 238,584.7153 | 240,223.0381 | 245,107.4965 | 239,064.5943 | 247,775.9147 | 250,798.2064 | 260,952.4929 | 249,987.4139 | 263,469.2225 | 250,840.6642 | 261,797.0689 | 262,459.5831 | 252,630.4954 | 252,240.9198 | 254,683.839 | 249,623.004 | 239,064.5943 | 249,623.004 |
| Income tax withheld at source payable | LIABILITIES | People | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.7952 | 50,719.3776 | 47,540.2576 | 50,425.2828 | 50,082.254 | 47,309.4739 | 47,582.476 | 48,733.3554 | 47,309.8064 | 48,827.6871 | 49,482.3908 | 51,916.1587 | 49,048.1568 | 52,369.645 | 49,246.7113 | 51,823.7891 | 52,031.652 | 49,611.9591 | 49,563.819 | 50,203.2509 | 49,020.2311 | 47,309.8064 | 49,020.2311 |
| Agirc-Arrco and schemes payable | LIABILITIES | People | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,642.3034 | 83,277.2652 | 86,020.4275 | 82,608.1996 | 84,795.4926 | 86,464.6879 | 92,393.979 | 85,376.7688 | 93,730.7871 | 85,941.5743 | 92,394.3324 | 93,029.2347 | 86,921.968 | 86,922.1093 | 88,626.2173 | 85,811.5937 | 82,608.1996 | 85,811.5937 |
| Commissions payable | LIABILITIES | People | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 10,296 | 20,304 | 7,650 | 0 | 6,480 | 29,370 | 0 | 35,046 | 2,700 | 28,860 | 32,640 | 6,750 | 7,956 | 16,056 | 5,850 | 0 | 0 | 0 |
| Employer contributions accrued on commissions | LIABILITIES | People | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 4,728.1291 | 9,324.0029 | 3,513.033 | 0 | 2,975.7456 | 13,487.2914 | 0 | 16,093.8241 | 1,239.894 | 13,253.0892 | 14,988.9408 | 3,099.735 | 3,653.5543 | 7,373.2363 | 2,686.437 | 0 | 0 | 0 |
| Paid leave provision | LIABILITIES | People | 305,201.8629 | 308,480.9797 | 341,114.0281 | 341,166.3574 | 333,463.3547 | 356,300.7188 | 305,227.0288 | 135,450.6025 | 177,037.7061 | 203,003.7672 | 245,132.8459 | 255,636.7847 | 296,631.9332 | 299,010.5252 | 335,081.8528 | 336,256.3312 | 330,779.889 | 358,453.9672 | 294,016.7155 | 131,107.1805 | 175,516.7991 | 203,145.995 | 247,187.8196 | 258,182.8038 | 255,636.7847 | 258,182.8038 |
| Local business taxes accrued | LIABILITIES | Overheads | 1,900 | 3,300 | 4,700 | 6,100 | 7,000 | 350 | 1,750 | 3,150 | 2,700 | 4,100 | 5,500 | 200 | 1,666.6667 | 3,133.3333 | 4,600 | 6,066.6667 | 7,333.3333 | 400 | 1,866.6667 | 3,333.3333 | 2,850 | 4,316.6667 | 5,783.3333 | 400 | 200 | 400 |
| Provision: onerous cloud commitment (IAS 37) | LIABILITIES | Commitments | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 70,070.9468 | 97,903.9075 | 109,017.3881 | 109,017.3881 | 109,017.3881 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Corporate income tax payable | LIABILITIES | Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL LIABILITIES | LIABILITIES | 1,543,724.5765 | 1,650,172.3022 | 1,651,980.3977 | 1,761,619.0565 | 1,727,827.4424 | 1,765,914.2018 | 1,879,249.4491 | 1,632,212.5063 | 1,516,353.8551 | 1,742,317.0605 | 1,759,013.8019 | 1,665,589.1995 | 1,852,786.9942 | 1,902,934.4904 | 1,727,608.0307 | 1,940,028.6508 | 1,925,766.4752 | 1,769,235.6042 | 1,854,486.3807 | 1,579,842.6825 | 1,510,914.0041 | 1,710,602.9669 | 1,723,901.0648 | 1,591,811.9345 | 1,665,589.1995 | 1,591,811.9345 | |
| Share capital | EQUITY | Treasury | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 |
| Share premium | EQUITY | Treasury | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 |
| Accumulated losses: opening (memo) | EQUITY | -12,182,178.45 | -12,551,789.4606 | -12,969,967.0193 | -13,393,018.5452 | -13,841,997.0186 | -14,195,142.7066 | -14,662,980.5275 | -15,016,360.0148 | -15,191,608.7878 | -15,514,319.2588 | -15,931,288.4547 | -16,338,393.8699 | -16,704,778.9172 | -17,141,802.6269 | -17,590,315.2392 | -17,936,386.4678 | -18,399,705.3689 | -18,794,143.7952 | -19,146,342.7202 | -19,539,893.7694 | -19,789,644.3297 | -20,214,227.3925 | -20,679,922.4112 | -21,139,007.1855 | |||
| Net profit / (loss) (memo) | EQUITY | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -322,710.4709 | -416,969.1959 | -407,105.4153 | -366,385.0473 | -437,023.7097 | -448,512.6123 | -346,071.2286 | -463,318.9011 | -394,438.4263 | -352,198.925 | -393,551.0493 | -249,750.5603 | -424,583.0627 | -465,695.0187 | -459,084.7743 | -371,542.0091 | -4,522,600.4672 | -4,805,770.2773 |
| Accumulated losses | EQUITY | -12,551,789.4606 | -12,969,967.0193 | -13,393,018.5452 | -13,841,997.0186 | -14,195,142.7066 | -14,662,980.5275 | -15,016,360.0148 | -15,191,608.7878 | -15,514,319.2588 | -15,931,288.4547 | -16,338,393.8699 | -16,704,778.9172 | -17,141,802.6269 | -17,590,315.2392 | -17,936,386.4678 | -18,399,705.3689 | -18,794,143.7952 | -19,146,342.7202 | -19,539,893.7694 | -19,789,644.3297 | -20,214,227.3925 | -20,679,922.4112 | -21,139,007.1855 | -21,510,549.1946 | -16,704,778.9172 | -21,510,549.1946 | |
| TOTAL EQUITY | EQUITY | 12,048,210.5394 | 11,630,032.9807 | 11,206,981.4548 | 10,758,002.9814 | 10,404,857.2934 | 9,937,019.4725 | 9,583,639.9852 | 9,408,391.2122 | 9,085,680.7412 | 8,668,711.5453 | 8,261,606.1301 | 7,895,221.0828 | 7,458,197.3731 | 7,009,684.7608 | 6,663,613.5322 | 6,200,294.6311 | 5,805,856.2048 | 5,453,657.2798 | 5,060,106.2306 | 4,810,355.6703 | 4,385,772.6075 | 3,920,077.5888 | 3,460,992.8145 | 3,089,450.8054 | 7,895,221.0828 | 3,089,450.8054 | |
| TOTAL LIABILITIES AND EQUITY | EQUITY | 13,591,935.1158 | 13,280,205.2829 | 12,858,961.8525 | 12,519,622.0378 | 12,132,684.7358 | 11,702,933.6743 | 11,462,889.4343 | 11,040,603.7185 | 10,602,034.5963 | 10,411,028.6058 | 10,020,619.932 | 9,560,810.2823 | 9,310,984.3673 | 8,912,619.2512 | 8,391,221.5629 | 8,140,323.282 | 7,731,622.68 | 7,222,892.8841 | 6,914,592.6113 | 6,390,198.3528 | 5,896,686.6116 | 5,630,680.5557 | 5,184,893.8794 | 4,681,262.74 | 9,560,810.2823 | 4,681,262.74 | |
| CHECK: assets less liabilities and equity (must be zero) | EQUITY | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Contract liabilities, total (Enterprise and Developer) | MEMO | 615,710.1141 | 636,065.6755 | 571,616.2718 | 692,385.4545 | 671,452.0455 | 591,316.3095 | 750,837.1436 | 667,955.9309 | 505,449.9648 | 686,385.3674 | 662,294.8366 | 594,892.7725 | 785,328.5162 | 806,437.1393 | 576,638.128 | 796,243.6774 | 788,754.5399 | 575,119.2593 | 753,072.1508 | 678,559.3759 | 567,706.5144 | 747,781.1669 | 712,335.2064 | 589,092.6874 | 594,892.7725 | 589,092.6874 | |
| Cash in months of revenue | MEMO | 23.5544 | 23.8663 | 21.2732 | 21.0122 | 18.8057 | 16.6213 | 17.1935 | 16.2629 | 13.711 | 15.5148 | 14.5461 | 14.1229 | 11.8532 | 11.604 | 9.0591 | 9.8562 | 8.8321 | 6.6664 | 7.301 | 6.322 | 5.2179 | 4.51 | 3.5252 | 4.5572 | 14.1229 | 4.5572 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net profit / (loss) | OPERATING ACTIVITIES (indirect) | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -322,710.4709 | -416,969.1959 | -407,105.4153 | -366,385.0473 | -437,023.7097 | -448,512.6123 | -346,071.2286 | -463,318.9011 | -394,438.4263 | -352,198.925 | -393,551.0493 | -249,750.5603 | -424,583.0627 | -465,695.0187 | -459,084.7743 | -371,542.0091 | -4,522,600.4672 | -4,805,770.2773 |
| Add back: depreciation | OPERATING ACTIVITIES (indirect) | 6,000 | 6,140.4931 | 6,342.4567 | 6,606.6817 | 6,808.4072 | 6,938.7839 | 7,090.5469 | 7,152.59 | 7,213.2847 | 7,282.7292 | 7,418.8403 | 7,540.3625 | 7,628.3993 | 7,883.195 | 8,004.7766 | 8,126.2808 | 8,281.6738 | 8,370.5142 | 8,492.703 | 8,615.1524 | 8,704.1866 | 8,826.5703 | 8,915.6189 | 9,004.588 | 82,535.1761 | 100,853.6589 | |
| (Increase) / decrease in the card processor balance | OPERATING ACTIVITIES (indirect) | BS movement | -0.0013 | 0.0017 | 0.0021 | 0.0019 | 0.0006 | 0.0024 | -0.0032 | 0.0035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0077 | 0 |
| (Increase) / decrease in Enterprise receivables | OPERATING ACTIVITIES (indirect) | BS movement | -57,753.97 | 21,312.68 | 65,630.35 | -134,689.05 | 9,595.462 | 101,000 | -217,333.33 | 59,833.33 | 24,349.988 | -158,808.8072 | -15,600.2969 | 167,056.0007 | -238,202.1275 | 3,796.2708 | 192,203.5533 | -220,221.9012 | -35,225.4832 | 261,319.4264 | -109,179.5456 | -3,430.8795 | 208,512.5 | -177,007.8073 | -22,228.8951 | 172,419.9846 | -135,407.6434 | 32,755.0955 |
| (Increase) / decrease in contract assets | OPERATING ACTIVITIES (indirect) | BS movement | 0 | -7,658.4 | 7,658.4 | -7,868.9 | 7,868.9 | -7,328.07 | -22,007.14 | 7,457.23 | -9,412.5975 | -25,365.5594 | -10,795.942 | 35,593.4336 | -9,603.3561 | -50,876.2355 | 92,338.237 | -17,020.342 | 17,020.342 | -5,604.0574 | -30,006.3243 | 16,794.2161 | -10,135.231 | -17,827.7134 | -1,624.9476 | 27,099.0001 | -31,858.6454 | 10,553.588 |
| (Increase) / decrease in the research tax credit receivable (accrued less refunded) | OPERATING ACTIVITIES (indirect) | BS movement | -89,210.6082 | -93,117.4902 | -94,080.7266 | -97,638.9456 | -96,313.8624 | -96,551.2884 | 838,828.4476 | -94,514.8638 | -93,543.835 | -94,392.3885 | -94,116.2033 | -93,840.0283 | -99,012.8198 | -98,715.2407 | -99,840.6863 | -99,547.0697 | -99,254.2979 | -99,604.6398 | -99,313.9584 | -99,024.1187 | -100,159.1019 | -99,864.5062 | -99,570.7835 | 1,034,979.7079 | -198,491.7926 | -58,927.515 |
| (Increase) / decrease in prepaid rent, prepayments and VAT to deduct | OPERATING ACTIVITIES (indirect) | BS movement | -68,520.158 | 32,338.2683 | 28,377.684 | -62,478.6233 | 35,630.978 | 29,519.5937 | -61,820.7357 | 34,664.1053 | 33,737.9977 | -69,980 | 34,433.29 | 34,994.5182 | -74,228.7412 | 38,806.458 | 30,916.3008 | -66,770.496 | 36,826.6093 | 30,415.5532 | -66,263.7385 | 35,842.4287 | 33,859.5218 | -68,709.9476 | 34,852.3629 | 34,849.4566 | 896.9182 | 395.7679 |
| Increase / (decrease) in trade payables | OPERATING ACTIVITIES (indirect) | BS movement | 22,701.3998 | 6,671.8657 | 42,443.9171 | -39,364.3787 | -5,298.343 | 31,351.2713 | -25,457.0644 | -12,273.4368 | 14,600.1212 | 8,511.6892 | -8,786.3276 | 104,445.5216 | -53,460.038 | -25,347.3581 | 29,276.6862 | -24,751.1723 | -9,408.4825 | 23,133.9525 | -20,175.0784 | -13,457.999 | 11,582.0472 | -504.6643 | -5,253.3059 | 1,586.1268 | 139,546.2354 | -86,779.2857 |
| Increase / (decrease) in contract liabilities and the refund liability | OPERATING ACTIVITIES (indirect) | BS movement | 22,424.4941 | 20,355.5614 | -64,449.4036 | 120,769.1827 | -20,933.4091 | -80,135.7359 | 159,520.8341 | -78,363.4127 | -162,505.9661 | 180,935.4026 | -24,090.5308 | -71,919.864 | 190,435.7437 | 21,108.6231 | -229,799.0113 | 219,605.5494 | -7,489.1375 | -213,635.2806 | 177,952.8915 | -74,512.7749 | -110,852.8615 | 180,074.6526 | -35,445.9606 | -123,242.5189 | 1,607.1525 | -5,800.0851 |
| Increase / (decrease) in payroll liabilities (URSSAF, withholding, Agirc-Arrco, commissions, paid leave) | OPERATING ACTIVITIES (indirect) | BS movement | 50,050.4329 | 59,338.9088 | 21,432.9341 | 40,284.8533 | -34,901.9694 | 43,359.9662 | -25,646.0623 | -208,620.7572 | 22,374.0313 | 43,116.2215 | 32,442.609 | -11,537.7733 | 62,867.3882 | 41,126.3286 | 11,731.3816 | 31,464.0113 | -27,519.057 | 42,306.5684 | -38,935.1595 | -199,183.4613 | 27,813.3906 | 39,011.3034 | 33,935.4845 | -6,599.9313 | 31,693.395 | 18,018.2476 |
| Increase / (decrease) in VAT, local taxes and corporate tax payable | OPERATING ACTIVITIES (indirect) | BS movement | -17,215.9804 | 20,081.39 | 2,380.6479 | -12,050.9986 | 27,342.1074 | -4,244.2341 | -17,397.9151 | 24,387.7032 | -1,440.3181 | -6,600.1079 | 17,130.9909 | -5,395.0986 | -12,645.2992 | 13,259.9026 | 13,464.4838 | -13,897.7683 | 30,154.5014 | -8,336.1113 | -33,591.8772 | 12,510.537 | 2,528.7453 | -18,892.3289 | 20,061.8799 | -3,832.8069 | 26,978.1865 | 783.8582 |
| Increase / (decrease) in the onerous commitment provision | OPERATING ACTIVITIES (indirect) | BS movement | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 22,315.455 | 27,832.9607 | 11,113.4805 | 0 | 0 | -109,017.3881 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET CASH FROM OPERATING ACTIVITIES | OPERATING ACTIVITIES (indirect) | -501,135.4017 | -352,714.28 | -407,315.2643 | -635,408.65 | -423,347.4166 | -396,172.04 | 304,713.5457 | -407,693.3208 | -476,224.2843 | -532,270.0165 | -469,068.9857 | -308,465.363 | -663,244.5603 | -497,470.6686 | -297,775.5068 | -646,331.8089 | -481,051.758 | -313,832.9994 | -604,571.1366 | -565,597.4596 | -352,729.8656 | -620,589.4601 | -525,443.3209 | 774,721.5979 | -4,605,101.4772 | -4,793,916.9469 | |
| Capital expenditure (IT equipment) | INVESTING ACTIVITIES | Fixed_Assets | -5,057.75 | -7,270.69 | -9,512.1 | -7,262.12 | -4,693.56 | -5,463.47 | -2,233.55 | -2,185.01 | -2,500 | -4,900 | -4,374.8 | -3,169.3234 | -9,172.6461 | -4,376.9394 | -4,374.1506 | -5,594.1457 | -3,198.2556 | -4,398.7972 | -4,408.1772 | -3,205.2334 | -4,405.813 | -3,205.7496 | -3,202.8855 | -3,203.5441 | -58,622.3734 | -52,746.3375 |
| NET CASH FROM INVESTING ACTIVITIES | INVESTING ACTIVITIES | -5,057.75 | -7,270.69 | -9,512.1 | -7,262.12 | -4,693.56 | -5,463.47 | -2,233.55 | -2,185.01 | -2,500 | -4,900 | -4,374.8 | -3,169.3234 | -9,172.6461 | -4,376.9394 | -4,374.1506 | -5,594.1457 | -3,198.2556 | -4,398.7972 | -4,408.1772 | -3,205.2334 | -4,405.813 | -3,205.7496 | -3,202.8855 | -3,203.5441 | -58,622.3734 | -52,746.3375 | |
| NET CASH FROM FINANCING ACTIVITIES (no debt; no equity raised in the forecast) | FINANCING ACTIVITIES | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| NET CASH FLOW FOR THE MONTH | CASH | -506,193.1517 | -359,984.97 | -416,827.3643 | -642,670.77 | -428,040.9766 | -401,635.51 | 302,479.9957 | -409,878.3308 | -478,724.2843 | -537,170.0165 | -473,443.7857 | -311,634.6864 | -672,417.2064 | -501,847.608 | -302,149.6574 | -651,925.9547 | -484,250.0137 | -318,231.7967 | -608,979.3138 | -568,802.693 | -357,135.6786 | -623,795.2097 | -528,646.2064 | 771,518.0538 | -4,663,723.8506 | -4,846,663.2845 | |
| Opening cash | CASH | 12,200,000 | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 8,858,524.638 | 8,321,354.6216 | 7,847,910.8358 | 7,536,276.1494 | 6,863,858.943 | 6,362,011.335 | 6,059,861.6776 | 5,407,935.7229 | 4,923,685.7093 | 4,605,453.9126 | 3,996,474.5988 | 3,427,671.9058 | 3,070,536.2272 | 2,446,741.0176 | 1,918,094.8112 | |||
| CLOSING CASH (to balance sheet) | CASH | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 8,858,524.638 | 8,321,354.6216 | 7,847,910.8358 | 7,536,276.1494 | 6,863,858.943 | 6,362,011.335 | 6,059,861.6776 | 5,407,935.7229 | 4,923,685.7093 | 4,605,453.9126 | 3,996,474.5988 | 3,427,671.9058 | 3,070,536.2272 | 2,446,741.0176 | 1,918,094.8112 | 2,689,612.8649 | 7,536,276.1494 | 2,689,612.8649 | |
| Net burn: cash used before financing (negative = cash generated) | CASH | memo | 506,193.1517 | 359,984.97 | 416,827.3643 | 642,670.77 | 428,040.9766 | 401,635.51 | -302,479.9957 | 409,878.3308 | 478,724.2843 | 537,170.0165 | 473,443.7857 | 311,634.6864 | 672,417.2064 | 501,847.608 | 302,149.6574 | 651,925.9547 | 484,250.0137 | 318,231.7967 | 608,979.3138 | 568,802.693 | 357,135.6786 | 623,795.2097 | 528,646.2064 | -771,518.0538 | 4,663,723.8506 | 4,846,663.2845 |
| Card payouts (Developer packs and Team plans) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 322,467.045 | 324,833.9079 | 323,269.1834 | 318,859.6236 | 327,896.0217 | 326,333.6162 | 329,308.601 | 325,695.4891 | 325,288.1359 | 327,362.9926 | 320,273.1119 | 308,836.656 | 333,199.2486 | 336,092.5684 | 334,577.6376 | 329,902.4741 | 3,714,647.1899 | 3,924,766.5531 |
| Enterprise receipts: accounts in France | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 74,999.998 | 72,500 | 104,500 | 151,228.484 | 72,500 | 104,500 | 171,000 | 68,400 | 133,881.7629 | 216,384.8689 | 120,637.4333 | 110,482.346 | 153,000 | 64,840 | 101,600 | 153,000 | 1,143,228.482 | 1,470,226.411 |
| Enterprise receipts: accounts outside France | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 138,749.99 | 179,583.3333 | 89,500 | 229,976.7838 | 170,648.9375 | 117,926.7104 | 267,624.553 | 194,017.2105 | 107,907.4768 | 226,884.5575 | 190,648.0211 | 87,311.7745 | 227,712.5 | 172,925 | 75,437.5 | 221,344.0061 | 1,855,280.5172 | 2,060,388.2475 |
| Research tax credit refunded | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,134,261.7926 | 935,770 | 1,134,261.7926 |
| Interest received | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,287.787 | 12,482.0319 | 11,771.8663 | 11,304.4142 | 10,295.7884 | 9,543.017 | 9,089.7925 | 8,111.9036 | 7,385.5286 | 6,908.1809 | 5,994.7119 | 5,141.5079 | 4,605.8043 | 3,670.1115 | 2,877.1422 | 179,733.0585 | 84,927.903 |
| Net pay (last working day) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -302,359.56 | -312,200.5 | -343,472.8843 | -331,656.04 | -356,044.8666 | -334,078.46 | -353,129.1243 | -351,637.3708 | -331,108.1243 | -333,546.7127 | -341,625.4678 | -331,562.0817 | -342,501.1042 | -347,570.4238 | -364,683.794 | -345,690.9162 | -369,053.3639 | -347,195.8666 | -365,877.5689 | -367,300.832 | -350,206.7106 | -349,828.2794 | -354,295.7202 | -345,919.9262 | -4,022,421.1925 | -4,250,124.506 |
| URSSAF (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -213,682.42 | -219,057.13 | -226,130.17 | -245,947.1 | -239,469.37 | -254,250.73 | -241,473.55 | -252,464.91 | -250,288.55 | -238,584.7153 | -240,223.0381 | -245,107.4965 | -239,064.5943 | -247,775.9147 | -250,798.2064 | -260,952.4929 | -249,987.4139 | -263,469.2225 | -250,840.6642 | -261,797.0689 | -262,459.5831 | -252,630.4954 | -252,240.9198 | -254,683.839 | -2,866,679.1799 | -3,046,700.4152 |
| Income tax withheld at source (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -42,455.68 | -43,544.32 | -45,112.36 | -49,245.99 | -47,195.8 | -50,719.38 | -47,540.26 | -50,425.29 | -50,082.254 | -47,309.4739 | -47,582.476 | -48,733.3554 | -47,309.8064 | -48,827.6871 | -49,482.3908 | -51,916.1587 | -49,048.1568 | -52,369.645 | -49,246.7113 | -51,823.7891 | -52,031.652 | -49,611.9591 | -49,563.819 | -50,203.2509 | -569,946.6393 | -601,435.0262 |
| Agirc-Arrco and schemes (25th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -73,047.74 | -75,173.11 | -77,939.69 | -87,441.15 | -81,918.61 | -90,697.69 | -82,524.46 | -89,698.04 | -89,269.91 | -82,642.3034 | -83,277.2652 | -86,020.4275 | -82,608.1996 | -84,795.4926 | -86,464.6879 | -92,393.979 | -85,376.7688 | -93,730.7871 | -85,941.5743 | -92,394.3324 | -93,029.2347 | -86,921.968 | -86,922.1093 | -88,626.2173 | -999,650.396 | -1,059,205.351 |
| Compute suppliers in USD (15th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -107,546.17 | -123,320.74 | -125,872.77 | -124,046.4 | -123,735.7 | -133,093.42 | -134,594.58 | -142,250.18 | -154,470.7407 | -149,803.5788 | -140,690.7201 | -140,134.7729 | -250,546.2478 | -172,725.1583 | -171,231.3748 | -172,064.1767 | -169,464.5132 | -171,878.4422 | -168,683.0434 | -169,085.5792 | -167,939.6141 | -167,181.5799 | -168,075.5165 | -167,552.5257 | -1,599,559.7725 | -2,116,427.7718 |
| Model API vendor C (15th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -7,104.97 | -8,172.87 | -8,429.57 | -8,033.9 | -8,834.88 | -9,004.17 | -9,240.64 | -9,844.35 | -9,871.04 | -9,764.2135 | -9,702.626 | -9,719.0348 | -9,788.6461 | -12,535.6134 | -12,370.7005 | -12,489.4313 | -12,415.0502 | -12,525.8998 | -12,198.5161 | -12,187.5745 | -12,134.5049 | -12,248.4626 | -12,188.0632 | -12,217.5233 | -107,722.2643 | -145,299.9858 |
| Company card statements (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -67,925.28 | -70,026.06 | -67,643.71 | -74,176.79 | -69,366.35 | -65,767.27 | -67,888.45 | -67,886.13 | -60,109.26 | -67,345.04 | -73,151.1753 | -67,504.1261 | -67,435.6706 | -61,877.3077 | -61,927.3941 | -66,650.3521 | -62,150.2486 | -62,076.6435 | -62,126.6974 | -62,177.5939 | -55,873.2016 | -62,156.4559 | -66,758.5687 | -62,012.9707 | -818,789.6414 | -753,223.1048 |
| French suppliers incl. VAT and equipment (30 days) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -48,894.67 | -52,015.61 | -61,986 | -95,719.9 | -62,591.64 | -52,805.77 | -79,688.21 | -42,612.62 | -38,627.986 | -40,200 | -52,080 | -49,480.26 | -43,513.151 | -70,685.5981 | -46,946.8499 | -70,549.0454 | -52,972.0213 | -41,112.3653 | -67,719.0464 | -47,101.4774 | -41,146.9054 | -47,089.7746 | -41,149.4605 | -41,135.2833 | -676,702.666 | -611,120.9783 |
| Rent (quarterly in advance) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -489,600 | -501,840 |
| Insurance | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -54,000 | -55,350 |
| VAT (CA3) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -23,815.14 | -5,032.49 | -29,880.54 | -24,527.85 | 0 | -32,840.42 | -35,412.85 | -4,281.6 | -38,769.3256 | -31,279.0072 | -10,362.2326 | -34,009.8902 | -41,926.6599 | -9,498.0274 | -31,107.9299 | -46,349.3945 | -4,159.2562 | -38,878.3721 | -54,739.739 | -12,947.434 | -34,805.0287 | -44,517.1073 | -8,124.7784 | -36,053.325 | -270,211.3456 | -363,107.0525 |
| Local business taxes | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | -500 | -8,050 | 0 | 0 | -1,850 | 0 | 0 | -6,700 | 0 | 0 | 0 | 0 | -200 | -8,400 | 0 | 0 | -1,950 | 0 | 0 | -6,850 | -17,100 | -17,400 |
| Corporate income tax | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET CASH FLOW, DIRECT METHOD | DIRECT METHOD (built from the cash lines of each schedule) | -506,193.15 | -359,984.97 | -416,827.3643 | -642,670.77 | -428,040.9766 | -401,635.51 | 302,479.9957 | -409,878.3308 | -478,724.2843 | -537,170.0165 | -473,443.7857 | -311,634.6874 | -672,417.2064 | -501,847.608 | -302,149.6574 | -651,925.9547 | -484,250.0137 | -318,231.7967 | -608,979.3138 | -568,802.693 | -357,135.6786 | -623,795.2097 | -528,646.2064 | 771,518.0538 | -4,663,723.8499 | -4,846,663.2845 | |
| CHECK: indirect less direct (must be zero) | DIRECT METHOD (built from the cash lines of each schedule) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating drivers
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit packs purchased | PACKS PURCHASED (EUR ex VAT) | A: billing system; F: run-rate x growth x seasonality | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 106,126.3106 | 108,175.4985 | 106,745.2567 | 103,088.6677 | 111,453.3243 | 109,979.7447 | 112,655.2172 | 109,486.5586 | 109,470.0249 | 111,687.2385 | 105,819.6359 | 96,674.6367 | 119,585.7832 | 121,894.8594 | 120,283.2271 | 116,162.891 | 1,130,192.7335 | 1,345,153.1415 |
| Packs bought in Jan-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Packs bought in Feb-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 935.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 935.6 | 0 |
| Packs bought in Mar-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 1,122.51 | 1,060.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,182.66 | 0 |
| Packs bought in Apr-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 1,435.74 | 1,174.7 | 1,109.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,719.88 | 0 |
| Packs bought in May-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,020.28 | 1,587.36 | 1,298.75 | 1,226.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,132.99 | 0 |
| Packs bought in Jun-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,363.94 | 1,891.15 | 1,485.9 | 1,215.74 | 1,148.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,104.93 | 0 |
| Packs bought in Jul-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,886.6 | 2,245.13 | 1,796.11 | 1,411.23 | 1,154.64 | 1,090.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,584.2 | 0 |
| Packs bought in Aug-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 3,455.76 | 2,827.44 | 2,199.12 | 1,759.29 | 1,382.3 | 1,130.97 | 1,068.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,823.02 | 0 |
| Packs bought in Sep-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 5,724.14 | 4,497.54 | 3,679.8 | 2,862.07 | 2,289.65 | 1,799.01 | 1,471.92 | 1,390.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,714.28 | 0 |
| Packs bought in Oct-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 7,457.16 | 5,800.01 | 4,557.15 | 3,728.58 | 2,900.01 | 2,320.01 | 1,822.86 | 1,491.43 | 1,369.0814 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,446.2914 | 0 |
| Packs bought in Nov-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 9,634.65 | 7,225.99 | 5,620.21 | 4,415.88 | 3,612.99 | 2,810.11 | 2,248.09 | 1,766.35 | 1,434.9278 | 1,355.2096 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,124.4074 | 0 |
| Packs bought in Dec-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 14,133.99 | 9,976.93 | 7,482.7 | 5,819.88 | 4,572.76 | 3,741.35 | 2,909.94 | 2,327.95 | 1,709.9628 | 1,399.0604 | 1,321.3349 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,395.8581 | 0 |
| Packs bought in Jan-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 15,601.13 | 12,629.48 | 8,914.93 | 6,686.2 | 5,200.38 | 4,086.01 | 3,343.1 | 2,600.19 | 2,160.8233 | 1,697.7897 | 1,389.1007 | 1,311.9284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65,621.0621 | 0 | |
| Packs bought in Feb-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 19,193.51 | 15,537.6 | 10,967.72 | 8,225.79 | 6,397.84 | 5,026.87 | 4,112.89 | 3,167.4426 | 2,533.9541 | 1,990.9639 | 1,628.9705 | 1,538.4721 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78,783.5511 | 1,538.4721 | |
| Packs bought in Mar-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 19,331.38 | 15,649.21 | 11,046.5 | 8,284.88 | 6,443.79 | 5,062.98 | 4,180.0815 | 3,251.1745 | 2,600.9396 | 2,043.5954 | 1,672.0326 | 1,579.1419 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77,894.531 | 3,251.1745 | |
| Packs bought in Apr-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 18,059.84 | 14,619.87 | 10,319.91 | 7,739.93 | 6,019.95 | 4,711.1845 | 3,854.6055 | 2,998.0265 | 2,398.4212 | 1,884.4738 | 1,541.8422 | 1,456.1843 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,721.7377 | 4,882.5003 | |
| Packs bought in May-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 17,541.01 | 14,199.86 | 10,023.43 | 7,517.57 | 6,225.7475 | 4,891.6587 | 4,002.2663 | 3,112.8738 | 2,490.299 | 1,956.6635 | 1,600.9065 | 1,511.9672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,514.4162 | 7,559.8363 | |
| Packs bought in Jun-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 20,171.22 | 16,329.08 | 11,526.41 | 8,084.1402 | 6,287.6646 | 4,940.3079 | 4,042.0701 | 3,143.8323 | 2,515.0658 | 1,976.1232 | 1,616.828 | 1,527.0043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,380.8928 | 10,778.8536 | |
| Packs bought in Jul-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 19,672.54 | 15,925.39 | 11,258.9376 | 8,444.2032 | 6,567.7136 | 5,160.3464 | 4,222.1016 | 3,283.8568 | 2,627.0854 | 2,064.1386 | 1,688.8406 | 1,595.0162 | 0 | 0 | 0 | 0 | 0 | 0 | 67,029.1308 | 15,481.0392 | |
| Packs bought in Aug-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,490.68 | 14,832.5459 | 10,470.0324 | 7,852.5243 | 6,107.5189 | 4,798.7648 | 3,926.2622 | 3,053.7595 | 2,443.0076 | 1,919.5059 | 1,570.5049 | 1,483.2546 | 0 | 0 | 0 | 0 | 0 | 57,753.3015 | 19,195.0594 | |
| Packs bought in Sep-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,286.5252 | 18,041.4728 | 12,735.1573 | 9,551.368 | 7,428.8417 | 5,836.9471 | 4,775.684 | 3,714.4209 | 2,971.5367 | 2,334.7788 | 1,910.2736 | 1,804.1473 | 0 | 0 | 0 | 0 | 62,614.5233 | 30,776.6301 | |
| Packs bought in Oct-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,716.8547 | 18,389.8347 | 12,981.0598 | 9,735.7949 | 7,572.2849 | 5,949.6524 | 4,867.8974 | 3,786.1424 | 3,028.914 | 2,379.861 | 1,947.159 | 1,838.9835 | 0 | 0 | 0 | 54,087.7493 | 41,106.6894 | |
| Packs bought in Nov-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,416.5039 | 18,146.6936 | 12,809.4308 | 9,607.0731 | 7,472.168 | 5,870.9891 | 4,803.5366 | 3,736.084 | 2,988.8672 | 2,348.3956 | 1,921.4146 | 1,814.6694 | 0 | 0 | 40,563.1975 | 53,372.6284 | |
| Packs bought in Dec-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,648.6202 | 17,525.0735 | 12,370.6401 | 9,277.9801 | 7,216.2067 | 5,669.8767 | 4,638.99 | 3,608.1034 | 2,886.4827 | 2,267.9507 | 1,855.596 | 1,752.5074 | 0 | 21,648.6202 | 69,069.4073 | |
| Packs bought in Jan-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,405.1981 | 18,947.0651 | 13,374.3989 | 10,030.7992 | 7,801.7327 | 6,129.9328 | 5,015.3996 | 3,900.8664 | 3,120.6931 | 2,451.9731 | 2,006.1598 | 1,894.7065 | 0 | 98,078.9254 | |
| Packs bought in Feb-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,095.7464 | 18,696.5566 | 13,197.5694 | 9,898.177 | 7,698.5821 | 6,048.886 | 4,949.0885 | 3,849.2911 | 3,079.4329 | 2,419.5544 | 1,979.6354 | 0 | 94,912.5197 | |
| Packs bought in Mar-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,657.5956 | 19,151.3869 | 13,518.6261 | 10,138.9696 | 7,885.8652 | 6,196.0369 | 5,069.4848 | 3,942.9326 | 3,154.3461 | 2,478.4148 | 0 | 95,193.6586 | |
| Packs bought in Apr-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,992.1773 | 18,612.715 | 13,138.387 | 9,853.7903 | 7,664.0591 | 6,021.7607 | 4,926.8951 | 3,832.0296 | 3,065.6236 | 0 | 90,107.4378 | |
| Packs bought in May-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,988.7052 | 18,609.9042 | 13,136.403 | 9,852.3022 | 7,662.9017 | 6,020.8514 | 4,926.1511 | 3,831.4509 | 0 | 87,028.6698 | |
| Packs bought in Jun-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,454.3201 | 18,986.8305 | 13,402.4686 | 10,051.8515 | 7,818.1067 | 6,142.7981 | 5,025.9257 | 0 | 84,882.3012 | |
| Packs bought in Jul-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,222.1235 | 17,989.3381 | 12,698.3563 | 9,523.7672 | 7,407.3745 | 5,820.08 | 0 | 75,661.0396 | |
| Packs bought in Aug-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,301.6737 | 16,434.6882 | 11,600.9564 | 8,700.7173 | 6,767.2246 | 0 | 63,805.2602 | |
| Packs bought in Sep-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,113.0145 | 20,329.5831 | 14,350.294 | 10,762.7205 | 0 | 70,555.6121 | |
| Packs bought in Oct-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,597.9205 | 20,722.1261 | 14,627.3831 | 0 | 60,947.4297 | |
| Packs bought in Nov-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,259.4777 | 20,448.1486 | 0 | 45,707.6263 | |
| Packs bought in Dec-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,394.2071 | 0 | 24,394.2071 | |
| CREDITS USED | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 66,771.5 | 70,109.39 | 73,013.09 | 73,802.24 | 73,694.1 | 76,351.66 | 78,099.69 | 78,231.94 | 81,421.4002 | 84,943.6803 | 87,204.6735 | 88,133.4663 | 90,654.3153 | 92,232.5891 | 93,918.0944 | 94,677.3884 | 95,186.3993 | 96,074.3837 | 95,519.6578 | 93,242.0182 | 96,050.3906 | 98,962.6844 | 100,673.536 | 101,095.5208 | 931,776.8303 | 1,148,286.9781 | |
| Credits used, grossed up for expected breakage | REVENUE AND BREAKAGE | used / (1 - breakage) | 75,876.7045 | 79,669.7614 | 82,969.4205 | 83,866.1818 | 83,743.2955 | 86,763.25 | 88,749.6477 | 88,899.9318 | 92,524.3185 | 96,526.9094 | 99,096.2199 | 100,151.6662 | 103,016.2674 | 104,809.7604 | 106,725.1073 | 107,587.9413 | 108,166.3628 | 109,175.436 | 108,545.0657 | 105,956.8388 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,058,837.3072 | 1,304,871.566 |
| True-up when a pack expires (actual unused credits less expected breakage) | REVENUE AND BREAKAGE | pack bought 12 months earlier | -365.9086 | 2,292.3973 | -726.3368 | 162.9155 | -1,521.9464 | -1,075.6941 | -405.3118 | -2,490.6591 | -1,912.035 | -2,278.2561 | -547.8552 | -5,064.7473 | 2,602.8713 | -776.6664 | 679.671 | -256.0068 | 3,627.5994 | -3,539.5682 | 62.9232 | -191.0492 | 0 | 0 | 0 | 0 | -13,933.4377 | 2,209.7743 |
| DEVELOPER REVENUE | REVENUE AND BREAKAGE | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 90,612.2835 | 94,248.6532 | 98,548.3648 | 95,086.9189 | 105,619.1386 | 104,033.094 | 107,404.7783 | 107,331.9345 | 111,793.9622 | 105,635.8679 | 108,607.9889 | 105,765.7896 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,044,903.8694 | 1,307,081.3403 | |
| of which breakage recognised | REVENUE AND BREAKAGE | used x breakage / (1 - breakage) + true-up | 8,739.2959 | 11,852.7686 | 9,229.9936 | 10,226.8573 | 8,527.2491 | 9,335.8959 | 10,244.6459 | 8,177.3327 | 9,190.8832 | 9,304.973 | 11,343.6912 | 6,953.4526 | 14,964.8233 | 11,800.5049 | 13,486.6839 | 12,654.5461 | 16,607.563 | 9,561.4841 | 13,088.3311 | 12,523.7715 | 13,097.7805 | 13,494.9115 | 13,728.2095 | 13,785.7528 | 113,127.0391 | 158,794.3622 |
| Credits expired unused (face value, pack bought 12 months earlier) | REVENUE AND BREAKAGE | memo | 6,779.76 | 8,896.66 | 6,757.08 | 7,994.23 | 7,136.4 | 7,029.23 | 7,292.29 | 5,049.17 | 7,900.77 | 7,659.2386 | 9,084.0727 | 4,870.0919 | 11,551.1979 | 10,176.3368 | 11,744.9945 | 10,053.662 | 13,864.9975 | 7,664.0336 | 11,314.31 | 10,301.9091 | 12,735.1573 | 12,981.0598 | 12,809.4308 | 12,370.6401 | 86,448.9932 | 137,567.7294 |
| Share of that pack expired unused | REVENUE AND BREAKAGE | 11.46% | 15.52% | 10.96% | 12.22% | 10.1% | 10.58% | 11.44% | 8.37% | 9.89% | 9.51% | 11.4% | 6.27% | 14.97% | 11.24% | 12.64% | 11.74% | 15.59% | 8.53% | 12.06% | 11.81% | 12% | 12% | 12% | 12% | 10.64% | 12.22% | |
| CONTRACT LIABILITY: DEVELOPER CREDITS | CONTRACT LIABILITY: DEVELOPER CREDITS | opening + packs - revenue | 210,641.7941 | 219,177.9955 | 229,825.6118 | 231,454.4145 | 238,172.3155 | 242,308.5395 | 247,788.6836 | 248,629.6809 | 264,143.7081 | 278,070.5533 | 286,267.4453 | 294,269.1941 | 300,103.3797 | 306,050.0305 | 311,300.4693 | 313,455.0935 | 311,131.1562 | 317,182.5268 | 314,394.1738 | 305,303.0209 | 315,740.6328 | 325,177.8963 | 331,059.3779 | 332,340.9953 | 294,269.1941 | 332,340.9953 |
| Per pack schedule: packs live less credits used grossed up | CONTRACT LIABILITY: DEVELOPER CREDITS | independent calculation | 210,641.7955 | 219,177.9968 | 229,825.6132 | 231,454.4159 | 238,172.3168 | 242,308.5409 | 247,788.685 | 248,629.6823 | 264,143.7094 | 278,070.5547 | 286,267.4466 | 294,269.1954 | 300,103.3811 | 306,050.0318 | 311,300.4707 | 313,455.0948 | 311,131.1576 | 317,182.5282 | 314,394.1752 | 305,303.0222 | 315,740.6342 | 325,177.8977 | 331,059.3793 | 332,340.9967 | 294,269.1954 | 332,340.9967 |
| Check: roll-forward less schedule (must be zero) | CONTRACT LIABILITY: DEVELOPER CREDITS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Credits outstanding at face value (memo) | CONTRACT LIABILITY: DEVELOPER CREDITS | packs live less credits used | 286,234.11 | 297,726.42 | 310,846.95 | 314,708.38 | 322,817.13 | 329,260.02 | 337,692.52 | 341,661.68 | 358,465.8204 | 374,038.4 | 384,494.9105 | 394,580.02 | 403,827.8311 | 411,398.6499 | 418,390.7782 | 423,146.2865 | 423,564.9146 | 431,513.7358 | 430,499.4039 | 423,630.1133 | 434,430.3485 | 444,381.4637 | 451,181.7239 | 453,878.454 | 394,580.02 | 453,878.454 |
| Card charges incl. VAT | CARD SALES, VAT AND USAGE | packs x (1 + 20% x share in France) | 82,574.3182 | 96,833.2452 | 99,393.049 | 91,653.953 | 95,164.9975 | 96,111.4446 | 100,392.1936 | 93,357.7889 | 113,555.1524 | 115,747.7834 | 114,217.4247 | 110,304.8744 | 119,255.057 | 117,678.3269 | 120,541.0824 | 117,150.6178 | 117,132.9267 | 119,505.3452 | 113,227.0104 | 103,441.8613 | 127,956.788 | 130,427.4995 | 128,703.053 | 124,294.2934 | 1,209,306.2248 | 1,439,313.8615 |
| Card charges (number of packs) | CARD SALES, VAT AND USAGE | packs / average pack | 514.4817 | 603.3224 | 619.2713 | 571.0527 | 592.9283 | 598.8252 | 625.4965 | 581.6685 | 707.5087 | 721.17 | 711.635 | 687.2578 | 743.0222 | 733.1983 | 751.0348 | 729.9104 | 729.8002 | 744.5816 | 705.4642 | 644.4976 | 797.2386 | 812.6324 | 801.8882 | 774.4193 | 7,534.6182 | 8,967.6876 |
| Output VAT (customers in France, due on payment) | CARD SALES, VAT AND USAGE | 5,402.0582 | 6,334.8852 | 6,502.349 | 5,996.053 | 6,225.7475 | 6,287.6646 | 6,567.7136 | 6,107.5189 | 7,428.8417 | 7,572.2849 | 7,472.168 | 7,216.2067 | 7,801.7327 | 7,698.5821 | 7,885.8652 | 7,664.0591 | 7,662.9017 | 7,818.1067 | 7,407.3745 | 6,767.2246 | 8,371.0048 | 8,532.6402 | 8,419.8259 | 8,131.4024 | 79,113.4913 | 94,160.7199 | |
| Sales to EU businesses (reverse charge, DES) | CARD SALES, VAT AND USAGE | 30,868.904 | 36,199.344 | 37,156.28 | 34,263.16 | 35,575.7 | 35,929.512 | 37,529.792 | 34,900.108 | 42,450.5242 | 43,270.1994 | 42,698.1027 | 41,235.4671 | 44,581.3297 | 43,991.8979 | 45,062.0869 | 43,794.6235 | 43,788.01 | 44,674.8954 | 42,327.8543 | 38,669.8547 | 47,834.3133 | 48,757.9437 | 48,113.2908 | 46,465.1564 | 452,077.0934 | 538,061.2566 | |
| Units used: Document AI (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 3,024.1 | 3,175.2 | 3,306.8 | 3,342.5 | 3,337.6 | 3,458 | 3,537.1 | 3,543.1 | 3,687.5634 | 3,847.087 | 3,949.487 | 3,991.5519 | 5,132.151 | 5,221.5007 | 5,316.9211 | 5,359.9065 | 5,388.7228 | 5,438.9936 | 5,407.5893 | 5,278.6469 | 5,437.6353 | 5,602.507 | 5,699.3623 | 5,723.2519 | 42,200.0893 | 65,007.1885 |
| Units used: Voice AI (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 2,419.3 | 2,540.2 | 2,645.4 | 2,674 | 2,670.1 | 2,766.4 | 2,829.7 | 2,834.5 | 2,950.0507 | 3,077.6696 | 3,159.5896 | 3,193.2415 | 4,105.7208 | 4,177.2006 | 4,253.5369 | 4,287.9252 | 4,310.9782 | 4,351.1949 | 4,326.0715 | 4,222.9175 | 4,350.1083 | 4,482.0056 | 4,559.4899 | 4,578.6015 | 33,760.1515 | 52,005.7508 |
| Units used: Agent workspace (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 725.8 | 762.1 | 793.6 | 802.2 | 801 | 829.9 | 848.9 | 850.3 | 885.0152 | 923.3009 | 947.8769 | 957.9725 | 1,231.7162 | 1,253.1602 | 1,276.0611 | 1,286.3776 | 1,293.2935 | 1,305.3585 | 1,297.8214 | 1,266.8752 | 1,305.0325 | 1,344.6017 | 1,367.847 | 1,373.5804 | 10,127.9654 | 15,601.7252 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Customers at the start of the month | 334 | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 379.4084 | 379.0439 | 378.1692 | 376.3831 | 376.113 | 375.3297 | 374.8838 | 373.6175 | 372.182 | 370.9999 | 368.6031 | 364.6123 | 364.5008 | 364.6014 | 364.1773 | ||||
| New customers | A: billing; F: run-rate x seasonality x factor | 22 | 15 | 23 | 13 | 14 | 13 | 8 | 8 | 11.2644 | 11.473 | 10.9515 | 10.0128 | 11.473 | 10.9515 | 11.2644 | 10.43 | 10.2214 | 10.43 | 9.1784 | 7.5096 | 11.2644 | 11.473 | 10.9515 | 10.0128 | 159.7017 | 125.16 | |
| Customers lost | A: billing; F: opening x rate x factor | -13 | -9 | -7 | -9 | -4 | -8 | -11 | -9 | -11.856 | -11.8375 | -11.8262 | -11.7989 | -11.7432 | -11.7347 | -11.7103 | -11.6964 | -11.6569 | -11.6121 | -11.5752 | -11.5004 | -11.3759 | -11.3724 | -11.3756 | -11.3623 | -117.3186 | -138.7153 | |
| CUSTOMERS AT MONTH END | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 379.4084 | 379.0439 | 378.1692 | 376.3831 | 376.113 | 375.3297 | 374.8838 | 373.6175 | 372.182 | 370.9999 | 368.6031 | 364.6123 | 364.5008 | 364.6014 | 364.1773 | 362.8278 | 376.3831 | 362.8278 | ||
| Customers lost a month, share of opening | 3.89% | 2.62% | 2.01% | 2.47% | 1.08% | 2.11% | 2.86% | 2.36% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 3.12% | 2.66% | 3.12% | ||
| Check: billing system less the bridge (actual months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Plan fee per customer a month | A: fees / customers; F: prior x (1 + growth) | 430.9691 | 433.4832 | 434.0744 | 435.2619 | 433.9783 | 436.4922 | 438.2264 | 436.8848 | 437.7586 | 438.6341 | 439.5114 | 440.3904 | 441.2712 | 442.1537 | 443.0381 | 443.9241 | 444.812 | 445.7016 | 446.593 | 447.4862 | 448.3812 | 449.2779 | 450.1765 | 451.0768 | 436.3054 | 446.1577 | |
| PLAN FEES | A: billing; F: customers x fee | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 166,089.2945 | 166,261.5725 | 166,209.6689 | 165,755.5163 | 165,967.8166 | 165,953.4466 | 166,087.8083 | 165,857.8091 | 165,551.0127 | 165,355.2604 | 164,615.5778 | 163,158.9732 | 163,435.2948 | 163,807.3515 | 163,944.0629 | 163,663.2083 | 1,947,544.1422 | 1,977,397.6222 | |
| USAGE ABOVE THE ALLOWANCE | A: billing; F: plan fees x driver | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 31,556.966 | 31,589.6988 | 31,579.8371 | 31,493.5481 | 31,533.8851 | 31,531.1549 | 31,556.6836 | 31,512.9837 | 31,454.6924 | 31,417.4995 | 31,276.9598 | 31,000.2049 | 31,052.706 | 31,123.3968 | 31,149.372 | 31,096.0096 | 419,734.4299 | 375,705.5482 | |
| Usage above the allowance, share of plan fees | 22.87% | 21.54% | 20.55% | 20.61% | 22.52% | 24.36% | 24.63% | 25.58% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 21.55% | 19% | ||
| TEAM REVENUE | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 197,646.2604 | 197,851.2712 | 197,789.506 | 197,249.0644 | 197,501.7017 | 197,484.6015 | 197,644.4919 | 197,370.7928 | 197,005.7051 | 196,772.7599 | 195,892.5376 | 194,159.1781 | 194,488.0008 | 194,930.7482 | 195,093.4349 | 194,759.2179 | 2,367,278.5721 | 2,353,103.1704 | ||
| Allowance used (at list prices) | plan fees x share used | 125,649.0315 | 128,592.7855 | 134,671.569 | 136,519.894 | 139,806.1215 | 142,471.067 | 141,919.604 | 141,113.804 | 141,175.9003 | 141,322.3366 | 141,278.2186 | 140,892.1888 | 141,072.6441 | 141,060.4296 | 141,174.6371 | 140,979.1377 | 140,718.3608 | 140,551.9713 | 139,923.2411 | 138,685.1272 | 138,920.0006 | 139,236.2487 | 139,352.4535 | 139,113.727 | 1,655,412.5208 | 1,680,787.9789 | |
| Card charges incl. VAT | revenue x (1 + 20% x share in France) | 197,970.8031 | 200,417.8531 | 208,188.0489 | 211,146.5051 | 219,652.3419 | 227,198.183 | 226,824.0296 | 227,251.5276 | 215,434.4239 | 215,657.8857 | 215,590.5615 | 215,001.4802 | 215,276.8549 | 215,258.2156 | 215,432.4962 | 215,134.1642 | 214,736.2185 | 214,482.3082 | 213,522.866 | 211,633.5042 | 211,991.9209 | 212,474.5156 | 212,651.844 | 212,287.5475 | 2,580,333.6436 | 2,564,882.4557 | |
| Output VAT (customers in France, due on payment) | 16,346.2131 | 16,548.2631 | 17,189.8389 | 17,434.1151 | 18,136.4319 | 18,759.483 | 18,728.5896 | 18,763.8876 | 17,788.1634 | 17,806.6144 | 17,801.0555 | 17,752.4158 | 17,775.1532 | 17,773.6141 | 17,788.0043 | 17,763.3714 | 17,730.5135 | 17,709.5484 | 17,630.3284 | 17,474.326 | 17,503.9201 | 17,543.7673 | 17,558.4091 | 17,528.3296 | 213,055.0715 | 211,779.2853 | ||
| Sales to EU businesses (reverse charge, DES) | 63,568.6065 | 64,354.3565 | 66,849.3735 | 67,799.3365 | 70,530.5685 | 72,953.545 | 72,833.404 | 72,970.674 | 69,176.1912 | 69,247.9449 | 69,226.3271 | 69,037.1725 | 69,125.5956 | 69,119.6105 | 69,175.5722 | 69,079.7775 | 68,951.9968 | 68,870.4659 | 68,562.3882 | 67,955.7123 | 68,070.8003 | 68,225.7619 | 68,282.7022 | 68,165.7263 | 828,547.5002 | 823,586.1096 | ||
| Units used: Document AI (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 5,777.2 | 5,839.7 | 6,059.2 | 6,145.7 | 6,407.4 | 6,641.2 | 6,632.3 | 6,651.6 | 6,258.4372 | 6,264.9288 | 6,262.973 | 6,245.86 | 7,817.3247 | 7,816.6478 | 7,822.9765 | 7,812.1432 | 7,797.6926 | 7,788.4724 | 7,753.6323 | 7,685.0241 | 7,698.0392 | 7,715.5637 | 7,722.003 | 7,708.7743 | 75,186.4991 | 93,138.2938 | |
| Units used: Voice AI (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 4,814.3 | 4,866.4 | 5,049.3 | 5,121.4 | 5,339.5 | 5,534.3 | 5,526.9 | 5,543 | 5,215.3643 | 5,220.774 | 5,219.1442 | 5,204.8834 | 6,514.4372 | 6,513.8732 | 6,519.1471 | 6,510.1193 | 6,498.0772 | 6,490.3937 | 6,461.3602 | 6,404.1868 | 6,415.0327 | 6,429.6364 | 6,435.0025 | 6,423.9786 | 62,655.2659 | 77,615.2448 | |
| Units used: Agent workspace (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 3,033 | 3,065.9 | 3,181.1 | 3,226.5 | 3,363.9 | 3,486.6 | 3,481.9 | 3,492.1 | 3,285.6795 | 3,289.0876 | 3,288.0608 | 3,279.0765 | 4,104.0955 | 4,103.7401 | 4,107.0627 | 4,101.3752 | 4,093.7886 | 4,088.948 | 4,070.657 | 4,034.6377 | 4,041.4706 | 4,050.6709 | 4,054.0516 | 4,047.1065 | 39,472.9045 | 48,897.6042 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E01 Tervane Assurances | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 40,690.0708 | 41,137.6616 | 41,590.1759 | 42,047.6678 | 42,510.1922 | 42,977.8043 | 43,450.5601 | 43,928.5163 | 44,411.73 | 35,920.2072 | 36,315.3295 | 36,714.7981 | 37,118.6609 | 37,526.9662 | 37,939.7628 | 38,357.1002 | 436,862.2062 | 477,171.6278 |
| E02 Draxholm Logistik | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 18,296.9984 | 14,414.3753 | 14,558.5191 | 14,704.1043 | 14,851.1453 | 14,999.6568 | 15,149.6533 | 15,301.1499 | 15,454.1614 | 15,608.703 | 15,764.79 | 15,922.4379 | 16,081.6623 | 12,669.1336 | 12,795.8249 | 12,923.7831 | 200,257.2271 | 177,522.1016 |
| E03 Lunedo Banca | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 34,648.051 | 34,959.8835 | 35,274.5224 | 35,591.9931 | 35,912.321 | 27,176.649 | 27,421.2388 | 27,668.0299 | 27,917.0422 | 28,168.2956 | 28,421.8103 | 28,677.6065 | 28,935.705 | 29,196.1264 | 29,458.8915 | 29,724.0215 | 385,668.44 | 348,677.7377 |
| E04 Kellbrook Utilities | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 13,618.17 | 15,121.65 | 15,187.01 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 14,763.8652 | 14,889.358 | 15,015.9176 | 15,143.5529 | 15,272.2731 | 15,402.0874 | 15,533.0051 | 10,182.2732 | 10,268.8225 | 10,356.1075 | 10,444.1344 | 10,532.9095 | 10,622.4393 | 10,712.73 | 10,803.7882 | 10,895.6204 | 180,349.6936 | 141,026.1906 |
| E05 Ambrelle Sante | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 14,835.98 | 15,921.18 | 16,481.85 | 16,638.4276 | 16,796.4926 | 16,956.0593 | 17,117.1419 | 17,279.7547 | 17,443.9124 | 17,609.6296 | 17,776.921 | 17,945.8018 | 18,116.2869 | 14,630.7133 | 14,769.7051 | 14,910.0173 | 15,051.6625 | 15,194.6532 | 15,339.0024 | 190,471.9914 | 196,068.0603 |
| E06 Veskari Telecom | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 17,035.62 | 13,394.0859 | 13,501.2386 | 13,609.2485 | 13,718.1225 | 13,827.8674 | 13,938.4904 | 14,049.9983 | 14,162.3983 | 14,275.6975 | 14,389.903 | 14,505.0223 | 14,621.0624 | 11,495.6641 | 11,587.6295 | 11,680.3305 | 11,773.7731 | 178,240.4453 | 160,307.8368 |
| E07 Oisterra Energia | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 14,486.5359 | 14,616.9147 | 11,061.3502 | 11,160.9024 | 11,261.3505 | 11,362.7026 | 11,464.967 | 11,568.1517 | 11,672.265 | 11,777.3154 | 11,883.3112 | 11,990.261 | 12,098.1734 | 12,207.057 | 9,237.6904 | 9,320.8296 | 172,425.3931 | 135,844.0747 |
| E08 Pravenza Retail | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | 0 |
| E09 Solberre Mutuelle | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,445.85 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 13,334.9694 | 13,468.3191 | 13,603.0023 | 13,739.0323 | 13,876.4226 | 11,212.1495 | 11,324.271 | 11,437.5137 | 11,551.8888 | 11,667.4077 | 11,784.0818 | 11,901.9226 | 12,020.9418 | 12,141.1513 | 12,262.5628 | 12,385.1884 | 167,838.0731 | 143,565.502 |
| E10 Ivarone Insurance | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,886.68 | 15,829.89 | 17,869.82 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 18,299.3365 | 18,491.4795 | 18,685.6401 | 18,881.8393 | 19,080.0986 | 19,280.4396 | 19,482.8842 | 15,356.2145 | 15,517.4548 | 15,680.3881 | 15,845.0321 | 16,011.405 | 16,179.5247 | 16,349.4097 | 16,521.0785 | 16,694.5499 | 207,945.0354 | 201,998.4798 |
| E11 Mercadel Foods | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 9,199.87 | 9,997.67 | 10,470.53 | 11,996.73 | 12,116.6973 | 12,237.8643 | 12,360.2429 | 12,483.8453 | 12,608.6838 | 12,734.7706 | 12,862.1183 | 12,990.7395 | 13,120.6469 | 9,938.89 | 10,038.2789 | 10,138.6617 | 10,240.0484 | 10,342.4488 | 10,445.8733 | 10,550.3321 | 123,949.8098 | 136,011.4925 |
| E12 Halvesta Travel | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 11,833.15 | 11,573.31 | 11,683.2564 | 11,794.2474 | 11,906.2927 | 12,019.4025 | 12,133.5868 | 12,248.8559 | 12,365.22 | 12,482.6896 | 12,601.2752 | 12,720.9873 | 12,841.8367 | 9,722.8756 | 9,815.2429 | 9,908.4877 | 10,002.6184 | 10,097.6432 | 135,546.3291 | 136,941.3194 |
| E13 Varnholm Freight | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 10,547.1463 | 8,530.5319 | 8,624.3678 | 8,719.2358 | 8,815.1474 | 8,912.114 | 9,010.1473 | 9,109.2589 | 9,209.4608 | 9,310.7648 | 9,413.1832 | 9,516.7283 | 9,621.4123 | 7,781.7982 | 7,867.398 | 7,953.9394 | 114,401.3818 | 106,521.3526 |
| E14 Brevalle Logistique | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 12,764.9803 | 12,956.455 | 13,150.8018 | 13,348.0639 | 13,548.2848 | 13,751.5091 | 13,957.7817 | 13,033.7766 | 13,229.2832 | 13,427.7225 | 13,629.1383 | 13,833.5754 | 14,041.079 | 14,251.6952 | 14,465.4706 | 14,682.4527 | 111,641.131 | 165,851.7692 |
| E15 Maltessa Telecom | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 16,127.7345 | 16,454.3211 | 16,787.5211 | 17,127.4684 | 17,384.3805 | 17,645.1462 | 17,909.8234 | 18,178.4707 | 18,451.1478 | 18,727.915 | 17,488.127 | 17,750.4489 | 18,016.7057 | 18,286.9562 | 18,561.2606 | 18,839.6795 | 96,304.6752 | 217,240.0614 |
| P01 Grevon Assurances (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,860 | 4,958.415 | 5,058.8229 | 5,161.2641 | 5,265.7797 | 5,372.4117 | 5,452.9979 | 5,534.7928 | 5,617.8147 | 5,702.082 | 5,787.6132 | 5,874.4274 | 0 | 64,646.4213 |
| P02 Aldebrink Logistics (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,700 | 2,754.675 | 2,810.4572 | 2,867.3689 | 2,925.4331 | 2,984.6732 | 3,029.4433 | 3,074.8849 | 3,121.0082 | 3,167.8233 | 3,215.3407 | 0 | 32,651.1078 |
| P03 Serranova Banca (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,835 | 2,892.4088 | 2,950.98 | 3,010.7374 | 3,071.7048 | 3,133.9068 | 3,180.9154 | 3,228.6292 | 3,277.0586 | 0 | 27,581.341 |
| P04 Kettelby Water (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,025 | 2,066.0062 | 2,107.8429 | 2,150.5267 | 2,194.0749 | 2,238.5049 | 2,272.0824 | 2,306.1637 | 0 | 17,360.2017 |
| P05 Vanthor Energie (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,700 | 2,754.675 | 2,810.4572 | 2,867.3689 | 2,925.4331 | 2,984.6732 | 0 | 17,042.6074 |
| E01 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 376,000 | 376,000 | 376,000 | 376,000 | 376,000 | 376,000 | 376,000 | 380,000 | 376,000 |
| E02 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 218,400 | 171,600 | 171,600 | 171,600 | 218,400 | 171,600 |
| E03 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 300,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 277,500 | 320,000 | 277,500 |
| E04 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 190,000 | 190,000 | 190,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 136,500 | 136,500 | 136,500 | 136,500 | 136,500 | 136,500 | 136,500 | 136,500 | 136,500 | 210,000 | 136,500 |
| E05 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 208,000 | 208,000 | 208,000 | 208,000 | 208,000 | 208,000 | 260,000 | 208,000 |
| E06 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 171,600 | 132,600 | 132,600 | 132,600 | 132,600 | 171,600 | 132,600 |
| E07 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 127,500 | 97,500 | 97,500 | 127,500 | 97,500 |
| E08 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 160,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E09 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 180,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 152,000 | 190,000 | 152,000 |
| E10 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 160,000 | 160,000 | 160,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 163,800 | 163,800 | 163,800 | 163,800 | 163,800 | 163,800 | 163,800 | 163,800 | 163,800 | 170,000 | 163,800 |
| E11 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 105,000 | 130,000 | 105,000 |
| E12 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 112,500 | 112,500 | 112,500 | 112,500 | 112,500 | 150,000 | 112,500 |
| E13 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 96,000 | 96,000 | 96,000 | 120,000 | 96,000 |
| E14 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 0 | 0 | 0 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 240,000 | 220,800 |
| E15 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 276,000 | 276,000 | 276,000 | 276,000 | 276,000 | 276,000 | 300,000 | 276,000 |
| P01 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 0 | 108,000 | |
| P02 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 0 | 60,000 | |
| P03 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63,000 | 63,000 | 63,000 | 63,000 | 63,000 | 63,000 | 63,000 | 63,000 | 63,000 | 0 | 63,000 | |
| P04 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 0 | 45,000 | |
| P05 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | 0 | 60,000 | |
| E01 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 240,341.09 | 270,158.4 | 299,641.55 | 331,999.77 | 365,059.34 | 35,682.11 | 76,630.28 | 116,877.63 | 157,567.7008 | 198,705.3625 | 240,295.5384 | 282,343.2062 | 324,853.3984 | 367,831.2027 | 411,281.7629 | 455,210.2792 | 499,622.0092 | 35,920.2072 | 72,235.5367 | 108,950.3348 | 146,068.9957 | 183,595.9619 | 221,535.7247 | 259,892.8249 | 282,343.2062 | 259,892.8249 | |
| E02 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 63,957.21 | 79,614.76 | 97,347 | 114,259.76 | 130,821.73 | 150,140.88 | 168,486.75 | 186,602.59 | 204,899.5884 | 14,414.3753 | 28,972.8944 | 43,676.9987 | 58,528.144 | 73,527.8008 | 88,677.4542 | 103,978.6041 | 119,432.7654 | 135,041.4684 | 150,806.2584 | 166,728.6964 | 182,810.3587 | 12,669.1336 | 25,464.9585 | 38,388.7416 | 43,676.9987 | 38,388.7416 | |
| E03 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 305,087.31 | 27,589.77 | 56,240.13 | 86,840.5 | 118,680.21 | 149,078.88 | 184,003.84 | 218,342.84 | 252,990.891 | 287,950.7745 | 323,225.2969 | 358,817.29 | 394,729.611 | 27,176.649 | 54,597.8877 | 82,265.9177 | 110,182.9599 | 138,351.2555 | 166,773.0658 | 195,450.6723 | 224,386.3773 | 253,582.5037 | 283,041.3951 | 312,765.4167 | 358,817.29 | 312,765.4167 | |
| E04 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 128,905.33 | 144,026.98 | 159,213.99 | 14,753.92 | 29,971.34 | 45,716.65 | 61,970.74 | 76,610.17 | 91,374.0352 | 106,263.3932 | 121,279.3107 | 136,422.8636 | 151,695.1366 | 167,097.224 | 182,630.2291 | 10,182.2732 | 20,451.0957 | 30,807.2032 | 41,251.3376 | 51,784.2471 | 62,406.6864 | 73,119.4164 | 83,923.2046 | 94,818.825 | 136,422.8636 | 94,818.825 | |
| E05 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 111,978.63 | 127,835.76 | 143,220.54 | 157,278.26 | 172,167.55 | 187,003.53 | 15,921.18 | 32,403.03 | 49,041.4576 | 65,837.9502 | 82,794.0095 | 99,911.1514 | 117,190.9061 | 134,634.8185 | 152,244.4481 | 170,021.3691 | 187,967.1709 | 206,083.4579 | 14,630.7133 | 29,400.4184 | 44,310.4357 | 59,362.0981 | 74,556.7514 | 89,895.7538 | 99,911.1514 | 89,895.7538 | |
| E06 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 77,581.1 | 93,932.35 | 108,375.94 | 122,447.44 | 136,949.32 | 151,590.4 | 168,049.62 | 185,085.24 | 13,394.0859 | 26,895.3244 | 40,504.5729 | 54,222.6953 | 68,050.5628 | 81,989.0531 | 96,039.0514 | 110,201.4497 | 124,477.1472 | 138,867.0502 | 153,372.0725 | 167,993.1349 | 11,495.6641 | 23,083.2936 | 34,763.6241 | 46,537.3972 | 54,222.6953 | 46,537.3972 | |
| E07 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 40,593.81 | 55,786.61 | 70,697.39 | 86,028.4 | 102,185.91 | 117,733.81 | 132,831.37 | 147,188.69 | 161,675.2259 | 176,292.1406 | 11,061.3502 | 22,222.2526 | 33,483.603 | 44,846.3057 | 56,311.2726 | 67,879.4243 | 79,551.6893 | 91,329.0047 | 103,212.3159 | 115,202.577 | 127,300.7504 | 139,507.8073 | 9,237.6904 | 18,558.5199 | 22,222.2526 | 18,558.5199 | |
| E08 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 152,582.89 | 168,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 143,121.62 | 14,800.59 | 28,341 | 42,728.44 | 56,828.27 | 70,829.72 | 86,043.96 | 99,246.9 | 112,581.8694 | 126,050.1885 | 139,653.1908 | 153,392.2231 | 167,268.6457 | 11,212.1495 | 22,536.4205 | 33,973.9342 | 45,525.823 | 57,193.2307 | 68,977.3125 | 80,879.2351 | 92,900.1769 | 105,041.3282 | 117,303.891 | 129,689.0794 | 153,392.2231 | 129,689.0794 | |
| E10 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 113,873.72 | 129,703.61 | 147,573.43 | 17,854.46 | 33,885.56 | 49,828.07 | 66,891.16 | 85,000.35 | 103,299.6865 | 121,791.166 | 140,476.8061 | 159,358.6454 | 178,438.744 | 197,719.1836 | 217,202.0678 | 15,356.2145 | 30,873.6693 | 46,554.0574 | 62,399.0895 | 78,410.4945 | 94,590.0192 | 110,939.429 | 127,460.5075 | 144,155.0574 | 159,358.6454 | 144,155.0574 | |
| E11 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 59,500.54 | 67,760.74 | 75,872.25 | 84,421.65 | 93,621.52 | 9,997.67 | 20,468.2 | 32,464.93 | 44,581.6273 | 56,819.4916 | 69,179.7345 | 81,663.5798 | 94,272.2636 | 107,007.0343 | 119,869.1526 | 132,859.8921 | 145,980.5391 | 9,938.89 | 19,977.169 | 30,115.8307 | 40,355.8791 | 50,698.3279 | 61,144.2012 | 71,694.5333 | 81,663.5798 | 71,694.5333 | |
| E12 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 50,302.53 | 60,412.31 | 71,534.64 | 83,112.15 | 93,749.7 | 106,071.34 | 117,904.49 | 11,573.31 | 23,256.5664 | 35,050.8138 | 46,957.1066 | 58,976.5091 | 71,110.0959 | 83,358.9518 | 95,724.1719 | 108,206.8615 | 120,808.1367 | 133,529.124 | 146,370.9607 | 9,722.8756 | 19,538.1185 | 29,446.6062 | 39,449.2246 | 49,546.8678 | 58,976.5091 | 49,546.8678 | |
| E13 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 35,314.83 | 44,148.84 | 54,438.9 | 64,213.11 | 73,684.35 | 83,655.45 | 94,080.44 | 104,512.83 | 115,059.9763 | 8,530.5319 | 17,154.8997 | 25,874.1355 | 34,689.2829 | 43,601.3969 | 52,611.5442 | 61,720.8031 | 70,930.2639 | 80,241.0287 | 89,654.212 | 99,170.9402 | 108,792.3525 | 7,781.7982 | 15,649.1963 | 23,603.1357 | 25,874.1355 | 23,603.1357 | |
| E14 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 11,000 | 22,796.33 | 35,495.32 | 46,909.21 | 59,420.83 | 72,185.8103 | 85,142.2653 | 98,293.0671 | 111,641.131 | 125,189.4158 | 138,940.9249 | 152,898.7067 | 13,033.7766 | 26,263.0598 | 39,690.7823 | 53,319.9206 | 67,153.496 | 81,194.575 | 95,446.2702 | 109,911.7408 | 124,594.1935 | 111,641.131 | 124,594.1935 | |
| E15 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 29,807.63 | 45,935.3645 | 62,389.6856 | 79,177.2068 | 96,304.6752 | 113,689.0557 | 131,334.2018 | 149,244.0252 | 167,422.4959 | 185,873.6437 | 204,601.5587 | 17,488.127 | 35,238.5759 | 53,255.2816 | 71,542.2378 | 90,103.4984 | 108,943.1779 | 96,304.6752 | 108,943.1779 | |
| P01 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,860 | 9,818.415 | 14,877.2379 | 20,038.502 | 25,304.2816 | 30,676.6933 | 36,129.6912 | 41,664.4841 | 47,282.2988 | 52,984.3808 | 58,771.994 | 64,646.4213 | 0 | 64,646.4213 | |
| P02 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,700 | 5,454.675 | 8,265.1322 | 11,132.5011 | 14,057.9342 | 17,042.6074 | 20,072.0507 | 23,146.9356 | 26,267.9438 | 29,435.7671 | 32,651.1078 | 0 | 32,651.1078 | |
| P03 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,835 | 5,727.4087 | 8,678.3888 | 11,689.1261 | 14,760.831 | 17,894.7378 | 21,075.6532 | 24,304.2824 | 27,581.341 | 0 | 27,581.341 | |
| P04 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,025 | 4,091.0062 | 6,198.8491 | 8,349.3758 | 10,543.4507 | 12,781.9556 | 15,054.038 | 17,360.2017 | 0 | 17,360.2017 | |
| P05 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,700 | 5,454.675 | 8,265.1322 | 11,132.5011 | 14,057.9342 | 17,042.6074 | 0 | 17,042.6074 | |
| E01 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 87,500 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 94,000 | 0 | 0 | 94,000 | 0 | 0 | 94,000 | 372,500 | 377,000 | |
| E02 | COMMITMENT BILLED (quarterly in advance from the contract start) | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 54,600 | 0 | 0 | 54,600 | 0 | 0 | 54,600 | 0 | 0 | 54,600 | 0 | 0 | 42,900 | 0 | 0 | 264,600 | 206,700 | |
| E03 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 69,375 | 0 | 0 | 69,375 | 0 | 0 | 69,375 | 0 | 0 | 69,375 | 0 | 320,000 | 277,500 | |
| E04 | COMMITMENT BILLED (quarterly in advance from the contract start) | 47,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 34,125 | 0 | 0 | 34,125 | 0 | 0 | 34,125 | 0 | 0 | 205,000 | 154,875 | |
| E05 | COMMITMENT BILLED (quarterly in advance from the contract start) | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 52,000 | 0 | 0 | 52,000 | 0 | 0 | 250,000 | 234,000 | |
| E06 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 55,000 | 0 | 0 | 55,000 | 0 | 0 | 42,900 | 0 | 0 | 42,900 | 0 | 0 | 42,900 | 0 | 0 | 42,900 | 0 | 0 | 33,150 | 0 | 0 | 33,150 | 195,800 | 152,100 | |
| E07 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 31,875 | 0 | 0 | 31,875 | 0 | 0 | 31,875 | 0 | 0 | 31,875 | 0 | 0 | 24,375 | 0 | 159,375 | 120,000 | |
| E08 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 38,000 | 0 | 0 | 38,000 | 0 | 0 | 38,000 | 0 | 0 | 38,000 | 0 | 190,000 | 152,000 | |
| E10 | COMMITMENT BILLED (quarterly in advance from the contract start) | 40,000 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 40,950 | 0 | 0 | 40,950 | 0 | 0 | 40,950 | 0 | 0 | 167,500 | 165,350 | |
| E11 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 30,000 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 26,250 | 0 | 0 | 26,250 | 0 | 0 | 26,250 | 127,500 | 111,250 | |
| E12 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 35,000 | 0 | 0 | 35,000 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 28,125 | 0 | 0 | 28,125 | 0 | 145,000 | 131,250 | |
| E13 | COMMITMENT BILLED (quarterly in advance from the contract start) | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 24,000 | 0 | 0 | 142,500 | 114,000 | |
| E14 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 180,000 | 225,600 | |
| E15 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 69,000 | 0 | 0 | 69,000 | 0 | 0 | 150,000 | 288,000 | |
| P01 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 0 | 108,000 | |
| P02 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 60,000 | |
| P03 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,750 | 0 | 0 | 15,750 | 0 | 0 | 15,750 | 0 | 0 | 0 | 47,250 | |
| P04 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,250 | 0 | 0 | 11,250 | 0 | 0 | 11,250 | 0 | 0 | 33,750 | |
| P05 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 0 | 30,000 | |
| E01 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 15,059.34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,281.7629 | 43,928.5163 | 44,411.73 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,059.34 | 119,622.0092 | |
| E02 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E03 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 5,087.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,225.2969 | 35,591.9931 | 35,912.321 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,541.3951 | 29,724.0215 | 43,904.6 | 71,177.7377 | |
| E04 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E05 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E06 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E07 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,292.1406 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,007.8073 | 0 | 0 | 6,292.1406 | 12,007.8073 | |
| E08 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 8,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,216.42 | 0 | |
| E09 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E10 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,438.744 | 19,280.4396 | 19,482.8842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,202.0678 | |
| E11 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,859.8921 | 13,120.6469 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,980.5391 | |
| E12 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E13 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E14 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E15 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P01 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P02 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P03 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P04 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P05 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E01 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E02 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,100.4116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,589.6413 | 0 | 0 | 0 | 75,100.4116 | 35,589.6413 | |
| E03 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E04 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 30,786.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,369.7709 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,786.01 | 27,369.7709 | |
| E05 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 52,996.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,916.5421 | 0 | 0 | 0 | 0 | 0 | 0 | 52,996.47 | 53,916.5421 | |
| E06 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,914.76 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,606.8651 | 0 | 0 | 0 | 0 | 34,914.76 | 3,606.8651 | |
| E07 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E08 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 36,878.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,731.3543 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,878.38 | 22,731.3543 | |
| E10 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 12,426.57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,426.57 | 0 | |
| E11 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 26,378.48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,378.48 | 0 | |
| E12 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 22,095.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,629.0393 | 0 | 0 | 0 | 0 | 0 | 22,095.51 | 3,629.0393 | |
| E13 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,940.0237 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,207.6475 | 0 | 0 | 0 | 34,940.0237 | 11,207.6475 | |
| E14 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87,101.2933 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 87,101.2933 | |
| E15 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95,398.4413 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95,398.4413 | |
| P01 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,353.5787 | 0 | 43,353.5787 | |
| P02 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P03 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P04 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P05 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E01 | REVENUE BY ACCOUNT (usage + unused commitment) | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 40,690.0708 | 41,137.6616 | 41,590.1759 | 42,047.6678 | 42,510.1922 | 42,977.8043 | 43,450.5601 | 43,928.5163 | 44,411.73 | 35,920.2072 | 36,315.3295 | 36,714.7981 | 37,118.6609 | 37,526.9662 | 37,939.7628 | 38,357.1002 | 436,862.2062 | 477,171.6278 | |
| E02 | REVENUE BY ACCOUNT (usage + unused commitment) | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 93,397.41 | 14,414.3753 | 14,558.5191 | 14,704.1043 | 14,851.1453 | 14,999.6568 | 15,149.6533 | 15,301.1499 | 15,454.1614 | 15,608.703 | 15,764.79 | 15,922.4379 | 51,671.3036 | 12,669.1336 | 12,795.8249 | 12,923.7831 | 275,357.6387 | 213,111.7429 | |
| E03 | REVENUE BY ACCOUNT (usage + unused commitment) | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 34,648.051 | 34,959.8835 | 35,274.5224 | 35,591.9931 | 35,912.321 | 27,176.649 | 27,421.2388 | 27,668.0299 | 27,917.0422 | 28,168.2956 | 28,421.8103 | 28,677.6065 | 28,935.705 | 29,196.1264 | 29,458.8915 | 29,724.0215 | 385,668.44 | 348,677.7377 | |
| E04 | REVENUE BY ACCOUNT (usage + unused commitment) | 13,618.17 | 15,121.65 | 45,973.02 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 14,763.8652 | 14,889.358 | 15,015.9176 | 15,143.5529 | 15,272.2731 | 15,402.0874 | 42,902.776 | 10,182.2732 | 10,268.8225 | 10,356.1075 | 10,444.1344 | 10,532.9095 | 10,622.4393 | 10,712.73 | 10,803.7882 | 10,895.6204 | 211,135.7036 | 168,395.9615 | |
| E05 | REVENUE BY ACCOUNT (usage + unused commitment) | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 67,832.45 | 15,921.18 | 16,481.85 | 16,638.4276 | 16,796.4926 | 16,956.0593 | 17,117.1419 | 17,279.7547 | 17,443.9124 | 17,609.6296 | 17,776.921 | 17,945.8018 | 72,032.8291 | 14,630.7133 | 14,769.7051 | 14,910.0173 | 15,051.6625 | 15,194.6532 | 15,339.0024 | 243,468.4614 | 249,984.6024 | |
| E06 | REVENUE BY ACCOUNT (usage + unused commitment) | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 51,950.38 | 13,394.0859 | 13,501.2386 | 13,609.2485 | 13,718.1225 | 13,827.8674 | 13,938.4904 | 14,049.9983 | 14,162.3983 | 14,275.6975 | 14,389.903 | 14,505.0223 | 18,227.9275 | 11,495.6641 | 11,587.6295 | 11,680.3305 | 11,773.7731 | 213,155.2053 | 163,914.7019 | |
| E07 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 14,486.5359 | 14,616.9147 | 11,061.3502 | 11,160.9024 | 11,261.3505 | 11,362.7026 | 11,464.967 | 11,568.1517 | 11,672.265 | 11,777.3154 | 11,883.3112 | 11,990.261 | 12,098.1734 | 12,207.057 | 9,237.6904 | 9,320.8296 | 172,425.3931 | 135,844.0747 | |
| E08 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | 0 | |
| E09 | REVENUE BY ACCOUNT (usage + unused commitment) | 51,324.23 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 13,334.9694 | 13,468.3191 | 13,603.0023 | 13,739.0323 | 36,607.7769 | 11,212.1495 | 11,324.271 | 11,437.5137 | 11,551.8888 | 11,667.4077 | 11,784.0818 | 11,901.9226 | 12,020.9418 | 12,141.1513 | 12,262.5628 | 12,385.1884 | 204,716.4531 | 166,296.8563 | |
| E10 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,886.68 | 15,829.89 | 30,296.39 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 18,299.3365 | 18,491.4795 | 18,685.6401 | 18,881.8393 | 19,080.0986 | 19,280.4396 | 19,482.8842 | 15,356.2145 | 15,517.4548 | 15,680.3881 | 15,845.0321 | 16,011.405 | 16,179.5247 | 16,349.4097 | 16,521.0785 | 16,694.5499 | 220,371.6054 | 201,998.4798 | |
| E11 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 35,578.35 | 9,997.67 | 10,470.53 | 11,996.73 | 12,116.6973 | 12,237.8643 | 12,360.2429 | 12,483.8453 | 12,608.6838 | 12,734.7706 | 12,862.1183 | 12,990.7395 | 13,120.6469 | 9,938.89 | 10,038.2789 | 10,138.6617 | 10,240.0484 | 10,342.4488 | 10,445.8733 | 10,550.3321 | 150,328.2898 | 136,011.4925 | |
| E12 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 33,928.66 | 11,573.31 | 11,683.2564 | 11,794.2474 | 11,906.2927 | 12,019.4025 | 12,133.5868 | 12,248.8559 | 12,365.22 | 12,482.6896 | 12,601.2752 | 12,720.9873 | 16,470.876 | 9,722.8756 | 9,815.2429 | 9,908.4877 | 10,002.6184 | 10,097.6432 | 157,641.8391 | 140,570.3587 | |
| E13 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 45,487.17 | 8,530.5319 | 8,624.3678 | 8,719.2358 | 8,815.1474 | 8,912.114 | 9,010.1473 | 9,109.2589 | 9,209.4608 | 9,310.7648 | 9,413.1832 | 9,516.7283 | 20,829.0598 | 7,781.7982 | 7,867.398 | 7,953.9394 | 149,341.4055 | 117,729.0001 | |
| E14 | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 12,764.9803 | 12,956.455 | 13,150.8018 | 13,348.0639 | 13,548.2848 | 13,751.5091 | 101,059.0751 | 13,033.7766 | 13,229.2832 | 13,427.7225 | 13,629.1383 | 13,833.5754 | 14,041.079 | 14,251.6952 | 14,465.4706 | 14,682.4527 | 111,641.131 | 252,953.0625 | |
| E15 | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 16,127.7345 | 16,454.3211 | 16,787.5211 | 17,127.4684 | 17,384.3805 | 17,645.1462 | 17,909.8234 | 18,178.4707 | 18,451.1478 | 114,126.3563 | 17,488.127 | 17,750.4489 | 18,016.7057 | 18,286.9562 | 18,561.2606 | 18,839.6795 | 96,304.6752 | 312,638.5027 | |
| P01 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,860 | 4,958.415 | 5,058.8229 | 5,161.2641 | 5,265.7797 | 5,372.4117 | 5,452.9979 | 5,534.7928 | 5,617.8147 | 5,702.082 | 5,787.6132 | 49,228.006 | 0 | 108,000 | |
| P02 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,700 | 2,754.675 | 2,810.4572 | 2,867.3689 | 2,925.4331 | 2,984.6732 | 3,029.4433 | 3,074.8849 | 3,121.0082 | 3,167.8233 | 3,215.3407 | 0 | 32,651.1078 | |
| P03 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,835 | 2,892.4088 | 2,950.98 | 3,010.7374 | 3,071.7048 | 3,133.9068 | 3,180.9154 | 3,228.6292 | 3,277.0586 | 0 | 27,581.341 | |
| P04 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,025 | 2,066.0062 | 2,107.8429 | 2,150.5267 | 2,194.0749 | 2,238.5049 | 2,272.0824 | 2,306.1637 | 0 | 17,360.2017 | |
| P05 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,700 | 2,754.675 | 2,810.4572 | 2,867.3689 | 2,925.4331 | 2,984.6732 | 0 | 17,042.6074 | |
| E01 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 87,500 | 0 | 15,059.34 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 126,281.7629 | 43,928.5163 | 44,411.73 | 94,000 | 0 | 0 | 94,000 | 0 | 0 | 94,000 | 387,559.34 | 496,622.0092 | |
| E02 | BILLING BY ACCOUNT (commitment + usage above it) | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 54,600 | 0 | 0 | 54,600 | 0 | 0 | 54,600 | 0 | 0 | 54,600 | 0 | 0 | 42,900 | 0 | 0 | 264,600 | 206,700 | |
| E03 | BILLING BY ACCOUNT (commitment + usage above it) | 5,087.31 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 83,225.2969 | 35,591.9931 | 35,912.321 | 69,375 | 0 | 0 | 69,375 | 0 | 0 | 69,375 | 0 | 0 | 74,916.3951 | 29,724.0215 | 363,904.6 | 348,677.7377 | |
| E04 | BILLING BY ACCOUNT (commitment + usage above it) | 47,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 34,125 | 0 | 0 | 34,125 | 0 | 0 | 34,125 | 0 | 0 | 205,000 | 154,875 | |
| E05 | BILLING BY ACCOUNT (commitment + usage above it) | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 52,000 | 0 | 0 | 52,000 | 0 | 0 | 250,000 | 234,000 | |
| E06 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 55,000 | 0 | 0 | 55,000 | 0 | 0 | 42,900 | 0 | 0 | 42,900 | 0 | 0 | 42,900 | 0 | 0 | 42,900 | 0 | 0 | 33,150 | 0 | 0 | 33,150 | 195,800 | 152,100 | |
| E07 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 6,292.1406 | 31,875 | 0 | 0 | 31,875 | 0 | 0 | 31,875 | 0 | 0 | 31,875 | 0 | 12,007.8073 | 24,375 | 0 | 165,667.1406 | 132,007.8073 | |
| E08 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 8,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,216.42 | 0 | |
| E09 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 38,000 | 0 | 0 | 38,000 | 0 | 0 | 38,000 | 0 | 0 | 38,000 | 0 | 190,000 | 152,000 | |
| E10 | BILLING BY ACCOUNT (commitment + usage above it) | 40,000 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 50,938.744 | 19,280.4396 | 19,482.8842 | 40,950 | 0 | 0 | 40,950 | 0 | 0 | 40,950 | 0 | 0 | 167,500 | 212,552.0678 | |
| E11 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 30,000 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 2,859.8921 | 13,120.6469 | 26,250 | 0 | 0 | 26,250 | 0 | 0 | 26,250 | 127,500 | 127,230.5391 | |
| E12 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 35,000 | 0 | 0 | 35,000 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 28,125 | 0 | 0 | 28,125 | 0 | 145,000 | 131,250 | |
| E13 | BILLING BY ACCOUNT (commitment + usage above it) | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 30,000 | 0 | 0 | 24,000 | 0 | 0 | 142,500 | 114,000 | |
| E14 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 180,000 | 225,600 | |
| E15 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 69,000 | 0 | 0 | 69,000 | 0 | 0 | 150,000 | 288,000 | |
| P01 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 0 | 108,000 | |
| P02 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 60,000 | |
| P03 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,750 | 0 | 0 | 15,750 | 0 | 0 | 15,750 | 0 | 0 | 0 | 47,250 | |
| P04 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,250 | 0 | 0 | 11,250 | 0 | 0 | 11,250 | 0 | 0 | 33,750 | |
| P05 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 0 | 0 | 15,000 | 0 | 0 | 0 | 30,000 | |
| E01 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 22,158.91 | -7,658.4 | 50,358.45 | 18,000.23 | 0 | 59,317.89 | 18,369.72 | -21,877.63 | 32,432.2991 | -8,705.3625 | -50,295.5384 | 2,656.7938 | -39,853.3984 | -82,831.2027 | 0 | 0 | 0 | 58,079.7928 | 21,764.4633 | -14,950.3348 | 41,931.0043 | 4,404.0381 | -33,535.7247 | 22,107.1751 | 2,656.7938 | 22,107.1751 |
| E02 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 76,042.79 | 60,385.24 | 42,653 | 95,740.24 | 79,178.27 | 59,859.12 | 111,513.25 | 93,397.41 | 0 | 40,185.6247 | 25,627.1056 | 10,923.0013 | 50,671.856 | 35,672.1992 | 20,522.5458 | 59,821.3959 | 44,367.2346 | 28,758.5316 | 67,593.7416 | 51,671.3036 | 0 | 30,230.8664 | 17,435.0415 | 4,511.2584 | 10,923.0013 | 4,511.2584 |
| E03 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 52,410.23 | 23,759.87 | -6,840.5 | 41,319.79 | 10,921.12 | -24,003.84 | 21,657.16 | -12,990.891 | -47,950.7745 | 0 | 0 | 0 | 42,198.351 | 14,777.1123 | -12,890.9177 | 28,567.0401 | 398.7445 | -28,023.0658 | 12,674.3277 | -16,261.3773 | -45,457.5037 | 0 | 0 | 0 | 0 |
| E04 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 61,094.67 | 45,973.02 | 0 | 37,746.08 | 22,528.66 | 6,783.35 | 43,029.26 | 28,389.83 | 13,625.9648 | 51,236.6068 | 36,220.6893 | 21,077.1364 | 58,304.8634 | 42,902.776 | 0 | 23,942.7268 | 13,673.9043 | 3,317.7968 | 26,998.6624 | 16,465.7529 | 5,843.3136 | 29,255.5836 | 18,451.7954 | 7,556.175 | 21,077.1364 | 7,556.175 |
| E05 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 68,021.37 | 52,164.24 | 36,779.46 | 82,721.74 | 67,832.45 | 0 | 49,078.82 | 32,596.97 | 15,958.5424 | 64,162.0498 | 47,205.9905 | 30,088.8486 | 77,809.0939 | 60,365.1815 | 42,755.5519 | 89,978.6309 | 72,032.8291 | 0 | 37,369.2867 | 22,599.5816 | 7,689.5643 | 44,637.9019 | 29,443.2486 | 14,104.2462 | 30,088.8486 | 14,104.2462 |
| E06 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 32,418.9 | 16,067.65 | 56,624.06 | 42,552.56 | 28,050.68 | 68,409.6 | 51,950.38 | 0 | 29,505.9141 | 16,004.6756 | 2,395.4271 | 31,577.3047 | 17,749.4372 | 3,810.9469 | 32,660.9486 | 18,498.5503 | 4,222.8528 | 32,732.9498 | 18,227.9275 | 0 | 21,654.3359 | 10,066.7064 | -1,613.6241 | 19,762.6028 | 31,577.3047 | 19,762.6028 |
| E07 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 1,906.19 | 29,213.39 | 14,302.61 | -1,028.4 | 25,314.09 | 9,766.19 | -5,331.37 | 22,811.31 | 8,324.7741 | 0 | 20,813.6498 | 9,652.7474 | -1,608.603 | 18,903.6943 | 7,438.7274 | -4,129.4243 | 16,073.3107 | 4,295.9953 | -7,587.3159 | 12,297.423 | 199.2496 | 0 | 15,137.3096 | 5,816.4801 | 9,652.7474 | 5,816.4801 |
| E08 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 7,417.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E09 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 32,699.41 | 19,159 | 4,771.56 | 38,171.73 | 24,170.28 | 8,956.04 | 43,253.1 | 29,918.1306 | 16,449.8115 | 50,346.8092 | 36,607.7769 | 0 | 26,787.8505 | 15,463.5795 | 4,026.0658 | 30,474.177 | 18,806.7693 | 7,022.6875 | 33,120.7649 | 21,099.8231 | 8,958.6718 | 34,696.109 | 22,310.9206 | 36,607.7769 | 22,310.9206 |
| E10 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 46,126.28 | 30,296.39 | 0 | 24,645.54 | 8,614.44 | -7,328.07 | 18,108.84 | -0.35 | -18,299.6865 | 5,708.834 | -12,976.8061 | -31,858.6454 | 0 | 0 | 0 | 25,593.7855 | 10,076.3307 | -5,604.0574 | 19,500.9105 | 3,489.5055 | -12,690.0192 | 11,910.571 | -4,610.5075 | -21,305.0574 | -31,858.6454 | -21,305.0574 |
| E11 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 30,499.46 | 22,239.26 | 44,127.75 | 35,578.35 | 0 | 22,502.33 | 12,031.8 | 35.07 | 20,418.3727 | 8,180.5084 | -4,179.7345 | 15,836.4202 | 3,227.7364 | -9,507.0343 | 10,130.8474 | 0 | 0 | 16,311.11 | 6,272.831 | -3,865.8307 | 12,144.1209 | 1,801.6721 | -8,644.2012 | 7,055.4667 | 15,836.4202 | 7,055.4667 |
| E12 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 19,697.47 | 44,587.69 | 33,465.36 | 21,887.85 | 46,250.3 | 33,928.66 | 0 | 25,926.69 | 14,243.4336 | 2,449.1862 | 28,042.8934 | 16,023.4909 | 3,889.9041 | 29,141.0482 | 16,775.8281 | 4,293.1385 | 29,191.8633 | 16,470.876 | 0 | 18,402.1244 | 8,586.8815 | -1,321.6062 | 16,800.7754 | 6,703.1322 | 16,023.4909 | 6,703.1322 |
| E13 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 39,685.17 | 30,851.16 | 20,561.1 | 48,286.89 | 38,815.65 | 28,844.55 | 55,919.56 | 45,487.17 | 0 | 21,469.4681 | 12,845.1003 | 4,125.8645 | 25,310.7171 | 16,398.6031 | 7,388.4558 | 28,279.1969 | 19,069.7361 | 9,758.9713 | 30,345.788 | 20,829.0598 | 0 | 16,218.2018 | 8,350.8037 | 396.8643 | 4,125.8645 | 396.8643 |
| E14 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 49,000 | 37,203.67 | 24,504.68 | 73,090.79 | 60,579.17 | 47,814.1897 | 94,857.7347 | 81,706.9329 | 68,358.869 | 114,810.5842 | 101,059.0751 | 0 | 42,166.2234 | 28,936.9402 | 15,509.2177 | 57,080.0794 | 43,246.504 | 29,205.425 | 70,153.7298 | 55,688.2592 | 41,005.8065 | 68,358.869 | 41,005.8065 |
| E15 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 45,192.37 | 29,064.6355 | 87,610.3144 | 70,822.7932 | 53,695.3248 | 111,310.9443 | 93,665.7982 | 75,755.9748 | 132,577.5041 | 114,126.3563 | 0 | 51,511.873 | 33,761.4241 | 15,744.7184 | 66,457.7622 | 47,896.5016 | 29,056.8221 | 53,695.3248 | 29,056.8221 |
| P01 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,140 | 17,181.585 | 12,122.7621 | 33,961.498 | 28,695.7184 | 23,323.3067 | 44,870.3088 | 39,335.5159 | 33,717.7012 | 55,015.6192 | 49,228.006 | 0 | 0 | 0 |
| P02 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,300 | 9,545.325 | 6,734.8678 | 18,867.4989 | 15,942.0658 | 12,957.3926 | 24,927.9493 | 21,853.0644 | 18,732.0562 | 30,564.2329 | 27,348.8922 | 0 | 27,348.8922 |
| P03 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,915 | 10,022.5912 | 7,071.6112 | 19,810.8739 | 16,739.169 | 13,605.2622 | 26,174.3468 | 22,945.7176 | 19,668.659 | 0 | 19,668.659 |
| P04 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,225 | 7,158.9937 | 5,051.1509 | 14,150.6242 | 11,956.5493 | 9,718.0444 | 18,695.962 | 16,389.7983 | 0 | 16,389.7983 |
| P05 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,300 | 9,545.325 | 6,734.8678 | 18,867.4989 | 15,942.0658 | 12,957.3926 | 0 | 12,957.3926 |
| Usage | TOTALS | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 247,792.1555 | 244,249.1427 | 243,183.6617 | 245,802.3723 | 253,221.5088 | 246,744.7028 | 249,404.7961 | 243,982.8251 | 248,677.2352 | 239,125.7252 | 239,261.0404 | 238,645.5408 | 238,028.4156 | 235,123.1316 | 234,618.785 | 237,195.579 | 2,732,271.2422 | 2,904,029.2855 | |
| Commitment billed | TOTALS | 255,000 | 205,000 | 172,500 | 322,500 | 205,000 | 182,500 | 402,500 | 207,500 | 170,400 | 379,600 | 196,875 | 170,400 | 406,600 | 191,750 | 170,400 | 397,625 | 203,000 | 163,150 | 393,625 | 193,625 | 153,400 | 375,925 | 186,125 | 153,400 | 2,869,775 | 2,988,625 | |
| Usage above the commitment billed | TOTALS | 5,087.31 | 8,216.42 | 0 | 0 | 15,059.34 | 0 | 0 | 0 | 0 | 6,292.1406 | 3,225.2969 | 35,591.9931 | 44,351.065 | 19,280.4396 | 50,764.6471 | 46,788.4084 | 57,532.3769 | 0 | 0 | 0 | 0 | 12,007.8073 | 5,541.3951 | 29,724.0215 | 73,472.5006 | 265,990.1611 | |
| Unused commitment recognised | TOTALS | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 110,040.4353 | 0 | 0 | 0 | 22,731.3543 | 0 | 114,471.0642 | 0 | 0 | 149,314.9835 | 3,629.0393 | 3,606.8651 | 46,797.2889 | 0 | 0 | 43,353.5787 | 326,516.6153 | 383,904.1739 | |
| CONTRACT REVENUE | TOTALS | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 283,764.98 | 357,832.5908 | 244,249.1427 | 243,183.6617 | 245,802.3723 | 275,952.8631 | 246,744.7028 | 363,875.8604 | 243,982.8251 | 248,677.2352 | 388,440.7086 | 242,890.0798 | 242,252.4059 | 284,825.7044 | 235,123.1316 | 234,618.785 | 280,549.1577 | 3,058,787.8575 | 3,287,933.4594 | |
| BILLING | TOTALS | 260,087.31 | 213,216.42 | 172,500 | 322,500 | 220,059.34 | 182,500 | 402,500 | 207,500 | 170,400 | 385,892.1406 | 200,100.2969 | 205,991.9931 | 450,951.065 | 211,030.4396 | 221,164.6471 | 444,413.4084 | 260,532.3769 | 163,150 | 393,625 | 193,625 | 153,400 | 387,932.8073 | 191,666.3951 | 183,124.0215 | 2,943,247.5006 | 3,254,615.1611 | |
| Invoiced incl. VAT: accounts in France | TOTALS | 72,000 | 57,000 | 105,000 | 144,000 | 75,071.208 | 114,000 | 150,000 | 57,000 | 114,000 | 150,000 | 57,000 | 114,000 | 182,400 | 45,600 | 151,538.1154 | 229,354.2196 | 98,894.076 | 112,800 | 161,040 | 45,600 | 112,800 | 161,040 | 45,600 | 112,800 | 1,209,071.208 | 1,459,466.411 | |
| Invoiced: accounts outside France (reverse charge in the EU, outside the scope elsewhere) | TOTALS | 200,087.31 | 165,716.42 | 85,000 | 202,500 | 157,500 | 87,500 | 277,500 | 160,000 | 75,400 | 260,892.1406 | 152,600.2969 | 110,991.9931 | 298,951.065 | 173,030.4396 | 94,882.8842 | 253,284.8921 | 178,120.6469 | 69,150 | 259,425 | 155,625 | 59,400 | 253,732.8073 | 153,666.3951 | 89,124.0215 | 1,935,688.1606 | 2,038,393.1519 | |
| Billing to EU businesses (reverse charge, DES) | TOTALS | 152,587.31 | 165,716.42 | 85,000 | 150,000 | 157,500 | 87,500 | 225,000 | 160,000 | 75,400 | 208,392.1406 | 152,600.2969 | 110,991.9931 | 246,451.065 | 173,030.4396 | 94,882.8842 | 219,159.8921 | 166,870.6469 | 69,150 | 225,300 | 144,375 | 59,400 | 219,607.8073 | 142,416.3951 | 89,124.0215 | 1,730,688.1606 | 1,849,768.1519 | |
| Contract liabilities (accounts billed ahead of usage) | TOTALS | 405,068.32 | 416,887.68 | 341,790.66 | 460,931.04 | 433,279.73 | 349,007.77 | 503,048.46 | 419,326.25 | 241,306.2567 | 408,314.8141 | 376,027.3913 | 300,623.5785 | 485,225.1365 | 500,387.1089 | 265,337.6586 | 482,788.5839 | 477,623.3837 | 257,936.7324 | 438,677.977 | 373,256.355 | 251,965.8815 | 422,603.2706 | 381,275.8285 | 256,751.6921 | 300,623.5785 | 256,751.6921 | |
| Contract assets (accounts used ahead of billing) | TOTALS | 0 | 7,658.4 | 0 | 7,868.9 | 0 | 7,328.07 | 29,335.21 | 21,877.98 | 31,290.5775 | 56,656.1369 | 67,452.079 | 31,858.6454 | 41,462.0014 | 92,338.237 | 0 | 17,020.342 | 0 | 5,604.0574 | 35,610.3817 | 18,816.1656 | 28,951.3965 | 46,779.1099 | 48,404.0575 | 21,305.0574 | 31,858.6454 | 21,305.0574 | |
| Check: change in net contract position equals billing less revenue (must be zero) | TOTALS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Commitments signed in the month (new and renewal, expected) | TOTALS | commission base | 0 | 510,000 | 0 | 620,000 | 0 | 510,000 | 560,000 | 150,000 | 171,600 | 338,400 | 127,500 | 0 | 108,000 | 489,500 | 0 | 584,100 | 45,000 | 481,000 | 544,000 | 112,500 | 132,600 | 267,600 | 97,500 | 0 | 2,987,500 | 2,861,800 |
| Refund liability: expected credit notes | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | A: ledger; F: released when settled | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 4,517.8 | 4,517.8 | 4,517.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Credit notes issued (ex VAT) | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | F: share credited x invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,035.604 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,035.604 | 0 |
| Revenue adjustment: credit notes and the change in the refund liability | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | 0 | 0 | -4,517.804 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,035.604 | 0 | |
| ENTERPRISE REVENUE | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | contract revenue + adjustments | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 357,832.5908 | 244,249.1427 | 243,183.6617 | 241,284.5683 | 275,952.8631 | 246,744.7028 | 363,875.8604 | 243,982.8251 | 248,677.2352 | 388,440.7086 | 242,890.0798 | 242,252.4059 | 284,825.7044 | 235,123.1316 | 234,618.785 | 280,549.1577 | 3,049,752.2535 | 3,287,933.4594 |
| Units used: Document AI (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 11,589.7 | 11,899.1 | 11,599.8 | 12,705.5 | 12,837 | 13,328.9 | 14,412.8 | 14,381.4 | 14,464.5331 | 14,144.5493 | 14,085.127 | 14,234.2032 | 18,389.5577 | 17,888.6026 | 18,083.6808 | 17,865.5757 | 18,128.334 | 17,268.8243 | 17,307.7147 | 17,372.5912 | 17,485.482 | 17,152.0873 | 17,122.443 | 17,310.8961 | 159,682.6126 | 211,375.7894 |
| Units used: Voice AI (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 11,404.9 | 11,811.6 | 11,307.7 | 11,687 | 11,836.6 | 12,143.2 | 14,444.4 | 14,432.9 | 14,230.535 | 14,222.5672 | 14,222.1204 | 14,376.7517 | 18,484.0984 | 17,817.8448 | 18,005.9777 | 17,412.5274 | 17,862.2499 | 17,298.3309 | 17,157.0881 | 17,109.0787 | 16,911.0007 | 16,915.1015 | 16,936.7288 | 17,120.4021 | 156,120.2742 | 209,030.4292 |
| Units used: Agent workspace (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 3,907 | 4,049.6 | 3,534.8 | 3,845.5 | 3,884.9 | 4,048.9 | 4,571.1 | 4,624.8 | 4,588.471 | 4,509.0195 | 4,474.8515 | 4,524.0148 | 5,813.0704 | 5,723.6605 | 5,785.9824 | 5,684.7976 | 5,786.7924 | 5,590.1988 | 5,629.268 | 5,570.9399 | 5,538.4424 | 5,455.6638 | 5,429.0382 | 5,489.499 | 50,562.9567 | 67,497.3535 |
| Net revenue retention on usage: accounts live a year earlier, usage now / usage then | UNITS AND RETENTION | trailing 12 months, History for 2025 | 115.06% | 121.99% | 109.5% | 115.49% | 111.83% | 111.67% | 117.95% | 116.77% | 114.59% | 110.97% | 110.23% | 109.85% | 107.4% | 99.35% | 106.61% | 101.78% | 101.74% | 93.66% | 89.79% | 89.25% | 89.27% | 89.26% | 89.33% | 89.31% | 109.85% | 89.31% |
| Accounts with a commitment | UNITS AND RETENTION | 13 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 14 | 19 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: credits used, breakage and true-ups | REVENUE BY SEGMENT (IFRS 15) | Credits | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 90,612.2835 | 94,248.6532 | 98,548.3648 | 95,086.9189 | 105,619.1386 | 104,033.094 | 107,404.7783 | 107,331.9345 | 111,793.9622 | 105,635.8679 | 108,607.9889 | 105,765.7896 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,044,903.8694 | 1,307,081.3403 |
| Team: plan fees | REVENUE BY SEGMENT (IFRS 15) | Team | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 166,089.2945 | 166,261.5725 | 166,209.6689 | 165,755.5163 | 165,967.8166 | 165,953.4466 | 166,087.8083 | 165,857.8091 | 165,551.0127 | 165,355.2604 | 164,615.5778 | 163,158.9732 | 163,435.2948 | 163,807.3515 | 163,944.0629 | 163,663.2083 | 1,947,544.1422 | 1,977,397.6222 |
| Team: usage above the allowance | REVENUE BY SEGMENT (IFRS 15) | Team | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 31,556.966 | 31,589.6988 | 31,579.8371 | 31,493.5481 | 31,533.8851 | 31,531.1549 | 31,556.6836 | 31,512.9837 | 31,454.6924 | 31,417.4995 | 31,276.9598 | 31,000.2049 | 31,052.706 | 31,123.3968 | 31,149.372 | 31,096.0096 | 419,734.4299 | 375,705.5482 |
| Enterprise: usage | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 247,792.1555 | 244,249.1427 | 243,183.6617 | 245,802.3723 | 253,221.5088 | 246,744.7028 | 249,404.7961 | 243,982.8251 | 248,677.2352 | 239,125.7252 | 239,261.0404 | 238,645.5408 | 238,028.4156 | 235,123.1316 | 234,618.785 | 237,195.579 | 2,732,271.2422 | 2,904,029.2855 |
| Enterprise: unused commitments at contract year end | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 110,040.4353 | 0 | 0 | 0 | 22,731.3543 | 0 | 114,471.0642 | 0 | 0 | 149,314.9835 | 3,629.0393 | 3,606.8651 | 46,797.2889 | 0 | 0 | 43,353.5787 | 326,516.6153 | 383,904.1739 |
| Enterprise: credit notes and refund liability | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | 0 | 0 | -4,517.804 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,035.604 | 0 |
| REVENUE | REVENUE BY SEGMENT (IFRS 15) | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 646,091.1347 | 536,349.0672 | 539,521.5324 | 533,620.5516 | 579,073.7034 | 548,262.3983 | 668,925.1306 | 548,685.5524 | 557,476.9025 | 690,849.3364 | 547,390.6062 | 542,177.3736 | 588,461.8765 | 542,511.4757 | 544,113.9653 | 590,189.6492 | 6,461,934.695 | 6,948,117.9701 | |
| Team revenue | REVENUE BY SEGMENT (IFRS 15) | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 197,646.2604 | 197,851.2712 | 197,789.506 | 197,249.0644 | 197,501.7017 | 197,484.6015 | 197,644.4919 | 197,370.7928 | 197,005.7051 | 196,772.7599 | 195,892.5376 | 194,159.1781 | 194,488.0008 | 194,930.7482 | 195,093.4349 | 194,759.2179 | 2,367,278.5721 | 2,353,103.1704 | |
| Enterprise revenue | REVENUE BY SEGMENT (IFRS 15) | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 357,832.5908 | 244,249.1427 | 243,183.6617 | 241,284.5683 | 275,952.8631 | 246,744.7028 | 363,875.8604 | 243,982.8251 | 248,677.2352 | 388,440.7086 | 242,890.0798 | 242,252.4059 | 284,825.7044 | 235,123.1316 | 234,618.785 | 280,549.1577 | 3,049,752.2535 | 3,287,933.4594 | |
| Revenue growth on the same month a year earlier | REVENUE BY SEGMENT (IFRS 15) | History for 2025 | 50.64% | 48.95% | 46.71% | 45.37% | 46.64% | 33.32% | 50.53% | 35.27% | 32.9% | 15.71% | 24.47% | 20.3% | 16.64% | 15.45% | 30.35% | 12.21% | 6.47% | 21.58% | -3.44% | -5.57% | -8.92% | 1.15% | 0.85% | 10.6% | ||
| Document AI | REVENUE BY PRODUCT | usage mix by segment and account | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 297,521.781 | 232,680.8736 | 234,270.5893 | 230,960.0902 | 254,864.363 | 238,745.4013 | 299,405.1079 | 240,046.7082 | 243,722.6042 | 276,762.2068 | 237,834.004 | 235,691.227 | 265,158.2867 | 237,413.9269 | 238,198.945 | 261,115.8551 | 2,811,960.0586 | 3,028,958.636 |
| Voice AI | REVENUE BY PRODUCT | usage mix by segment and account | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 173,581.4492 | 158,157.7258 | 159,381.1106 | 157,725.0593 | 171,414.5162 | 161,245.816 | 188,279.7269 | 160,207.2677 | 163,515.9183 | 230,474.2104 | 160,480.6906 | 159,617.3811 | 164,809.2695 | 158,897.6352 | 159,578.0307 | 173,473.1932 | 1,887,536.9756 | 2,051,993.6557 |
| Agent workspace | REVENUE BY PRODUCT | usage mix by segment and account | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 174,987.9045 | 145,510.4677 | 145,869.8325 | 144,935.4022 | 152,794.8242 | 148,271.1809 | 181,240.2958 | 148,431.5765 | 150,238.38 | 183,612.9192 | 149,075.9117 | 146,868.7655 | 158,494.3203 | 146,199.9137 | 146,336.9896 | 155,600.601 | 1,762,437.6607 | 1,867,165.6784 |
| Check: products less total revenue (must be zero) | REVENUE BY PRODUCT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Document AI (thousands of pages) | UNITS USED (thousands) | Credits + Team + Enterprise | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 24,410.5337 | 24,256.5651 | 24,297.5871 | 24,471.6151 | 31,339.0334 | 30,926.7512 | 31,223.5783 | 31,037.6254 | 31,314.7494 | 30,496.2903 | 30,468.9363 | 30,336.2622 | 30,621.1566 | 30,470.158 | 30,543.8082 | 30,742.9222 | 277,069.201 | 369,521.2717 |
| Voice AI (thousands of audio minutes) | UNITS USED (thousands) | Credits + Team + Enterprise | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 22,395.95 | 22,521.0108 | 22,600.8542 | 22,774.8766 | 29,104.2564 | 28,508.9186 | 28,778.6617 | 28,210.5719 | 28,671.3053 | 28,139.9195 | 27,944.5198 | 27,736.183 | 27,676.1417 | 27,826.7436 | 27,931.2211 | 28,122.9822 | 252,535.6916 | 338,651.4249 |
| Agent workspace (thousands of agent actions) | UNITS USED (thousands) | Credits + Team + Enterprise | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 8,759.1657 | 8,721.408 | 8,710.7892 | 8,761.0638 | 11,148.8821 | 11,080.5608 | 11,169.1061 | 11,072.5504 | 11,173.8744 | 10,984.5053 | 10,997.7464 | 10,872.4528 | 10,884.9455 | 10,850.9365 | 10,850.9367 | 10,910.186 | 100,163.8266 | 131,996.683 |
| Realised: Document AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1883 | 9.5925 | 9.6417 | 9.4379 | 8.1325 | 7.7197 | 9.5891 | 7.7341 | 7.783 | 9.0753 | 7.8058 | 7.7693 | 8.6593 | 7.7917 | 7.7986 | 8.4935 | 10.1489 | 8.197 |
| Realised: Voice AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7506 | 7.0227 | 7.052 | 6.9254 | 5.8897 | 5.656 | 6.5423 | 5.679 | 5.7031 | 8.1903 | 5.7428 | 5.7548 | 5.9549 | 5.7102 | 5.7132 | 6.1684 | 7.4743 | 6.0593 |
| Realised: Agent workspace | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.9777 | 16.6843 | 16.7459 | 16.5431 | 13.7049 | 13.3812 | 16.2269 | 13.4054 | 13.4455 | 16.7156 | 13.5551 | 13.5083 | 14.5609 | 13.4735 | 13.4861 | 14.262 | 17.5956 | 14.1455 |
| List: Document AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 8.832 | 11.04 | 8.832 |
| List: Voice AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 6.624 | 8.28 | 6.624 |
| List: Agent workspace | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 14.72 | 18.4 | 14.72 |
| Pure usage: Developer credits, Team usage above the allowance, Enterprise usage above commitments | VISIBILITY (share of revenue) | 23.04% | 25.85% | 22.37% | 23.95% | 25.65% | 22.26% | 22.84% | 22.45% | 18.91% | 24.64% | 24.72% | 30.39% | 31.34% | 28.24% | 28.36% | 33.83% | 36.02% | 19.84% | 25.55% | 25.23% | 23.82% | 28.68% | 27.77% | 29.77% | 23.8% | 28.05% | |
| Committed: Team plan fees and Enterprise commitments | VISIBILITY (share of revenue) | 76.96% | 74.15% | 77.63% | 76.05% | 74.35% | 77.74% | 77.16% | 77.55% | 81.09% | 75.36% | 75.28% | 69.61% | 68.66% | 71.76% | 71.64% | 66.17% | 63.98% | 80.16% | 74.45% | 74.77% | 76.18% | 71.32% | 72.23% | 70.23% | 76.2% | 71.95% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units: Document AI | UNITS (thousands) AND GPU HOURS | Revenue | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 24,410.5337 | 24,256.5651 | 24,297.5871 | 24,471.6151 | 31,339.0334 | 30,926.7512 | 31,223.5783 | 31,037.6254 | 31,314.7494 | 30,496.2903 | 30,468.9363 | 30,336.2622 | 30,621.1566 | 30,470.158 | 30,543.8082 | 30,742.9222 | 277,069.201 | 369,521.2717 |
| Units: Voice AI | UNITS (thousands) AND GPU HOURS | Revenue | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 22,395.95 | 22,521.0108 | 22,600.8542 | 22,774.8766 | 29,104.2564 | 28,508.9186 | 28,778.6617 | 28,210.5719 | 28,671.3053 | 28,139.9195 | 27,944.5198 | 27,736.183 | 27,676.1417 | 27,826.7436 | 27,931.2211 | 28,122.9822 | 252,535.6916 | 338,651.4249 |
| Units: Agent workspace | UNITS (thousands) AND GPU HOURS | Revenue | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 8,759.1657 | 8,721.408 | 8,710.7892 | 8,761.0638 | 11,148.8821 | 11,080.5608 | 11,169.1061 | 11,072.5504 | 11,173.8744 | 10,984.5053 | 10,997.7464 | 10,872.4528 | 10,884.9455 | 10,850.9365 | 10,850.9367 | 10,910.186 | 100,163.8266 | 131,996.683 |
| GPU hours per 1,000 units: Document AI | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.1764 | 0.1764 | 0.1764 | 0.1729 | 0.1729 | 0.1729 | 0.1694 | 0.1694 | 0.1694 | 0.1677 | 0.1677 | 0.1677 | 0.166 | 0.166 | 0.166 | 0.1644 | 0.1644 | 0.1644 | 0.1627 | 0.1627 | 0.1627 | 0.1611 | 0.1611 | 0.1611 | 0.1716 | 0.1636 |
| GPU hours per 1,000 units: Voice AI | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.2156 | 0.2156 | 0.2156 | 0.2113 | 0.2113 | 0.2113 | 0.2071 | 0.2071 | 0.2071 | 0.205 | 0.205 | 0.205 | 0.2029 | 0.2029 | 0.2029 | 0.2009 | 0.2009 | 0.2009 | 0.1989 | 0.1989 | 0.1989 | 0.1969 | 0.1969 | 0.1969 | 0.2097 | 0.1999 |
| GPU hours per 1,000 units: Agent workspace | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.0196 | 0.0196 | 0.0196 | 0.0192 | 0.0192 | 0.0192 | 0.0188 | 0.0188 | 0.0188 | 0.0186 | 0.0186 | 0.0186 | 0.0184 | 0.0184 | 0.0184 | 0.0183 | 0.0183 | 0.0183 | 0.0181 | 0.0181 | 0.0181 | 0.0179 | 0.0179 | 0.0179 | 0.0191 | 0.0182 |
| Inference GPU hours: Document AI | UNITS (thousands) AND GPU HOURS | units x hours per unit | 3,596.9724 | 3,689.2296 | 3,698.3671 | 3,836.6693 | 3,903.7955 | 4,050.0625 | 4,164.618 | 4,163.5846 | 4,135.535 | 4,068.3557 | 4,075.236 | 4,104.4243 | 5,203.6779 | 5,135.2207 | 5,184.5073 | 5,102.0945 | 5,147.6493 | 5,013.1075 | 4,958.5249 | 4,936.9334 | 4,983.2972 | 4,909.1364 | 4,921.0024 | 4,953.0823 | 47,486.85 | 60,448.2339 |
| Inference GPU hours: Voice AI | UNITS (thousands) AND GPU HOURS | units x hours per unit | 4,018.4606 | 4,143.4439 | 4,096.9174 | 4,116.3973 | 4,193.2639 | 4,319.5507 | 4,721.2663 | 4,723.2127 | 4,637.395 | 4,616.6577 | 4,633.025 | 4,668.6985 | 5,906.5175 | 5,785.6976 | 5,840.4402 | 5,667.8986 | 5,760.4664 | 5,653.7036 | 5,558.3006 | 5,516.8614 | 5,504.9189 | 5,479.5256 | 5,500.0989 | 5,537.8596 | 52,888.289 | 67,712.2889 |
| Inference GPU hours: Agent workspace | UNITS (thousands) AND GPU HOURS | units x hours per unit | 150.2497 | 154.401 | 147.1862 | 151.2476 | 154.6206 | 160.6826 | 167.5694 | 168.7986 | 164.8825 | 162.5301 | 162.3322 | 163.2691 | 205.6902 | 204.4297 | 206.0633 | 202.2391 | 204.0898 | 200.631 | 198.8641 | 196.5985 | 196.8244 | 194.2474 | 194.2474 | 195.308 | 1,907.7694 | 2,399.2329 |
| INFERENCE GPU HOURS | UNITS (thousands) AND GPU HOURS | 7,765.6827 | 7,987.0745 | 7,942.4708 | 8,104.3143 | 8,251.68 | 8,530.2958 | 9,053.4536 | 9,055.5958 | 8,937.8125 | 8,847.5435 | 8,870.5932 | 8,936.3919 | 11,315.8857 | 11,125.3481 | 11,231.0108 | 10,972.2322 | 11,112.2055 | 10,867.4421 | 10,715.6895 | 10,650.3933 | 10,685.0405 | 10,582.9094 | 10,615.3487 | 10,686.2499 | 102,282.9085 | 130,559.7556 | |
| Check: GPU scheduler less the calculation (actual months, within 1 hour) | UNITS (thousands) AND GPU HOURS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserved GPU hours (GPUs x hours in the month) | UNITS (thousands) AND GPU HOURS | 11,904 | 10,752 | 11,904 | 11,520 | 11,904 | 11,520 | 11,904 | 11,904 | 11,520 | 11,904 | 11,520 | 11,904 | 13,392 | 12,096 | 13,392 | 12,960 | 13,392 | 12,960 | 13,392 | 13,392 | 12,960 | 13,392 | 12,960 | 13,392 | 140,160 | 157,680 | |
| Usable for inference | UNITS (thousands) AND GPU HOURS | capacity x usable share | 10,118.4 | 9,139.2 | 10,118.4 | 9,792 | 10,118.4 | 9,792 | 10,118.4 | 10,118.4 | 9,792 | 10,118.4 | 9,792 | 10,118.4 | 11,383.2 | 10,281.6 | 11,383.2 | 11,016 | 11,383.2 | 11,016 | 11,383.2 | 11,383.2 | 11,016 | 11,383.2 | 11,016 | 11,383.2 | 119,136 | 134,028 |
| On-demand GPU hours | UNITS (thousands) AND GPU HOURS | A: invoice; F: inference above usable capacity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 843.7481 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 843.7481 |
| Research GPU hours | UNITS (thousands) AND GPU HOURS | A: scheduler; F: demand, limited to spare usable hours | 2,000 | 1,152.1 | 2,000 | 1,687.7 | 1,866.7 | 1,261.7 | 1,065 | 1,062.9 | 854.1875 | 1,270.8565 | 921.4068 | 1,182.0081 | 67.3143 | 0 | 152.1892 | 43.7678 | 270.9945 | 148.5579 | 667.5105 | 732.8067 | 330.9595 | 800.2906 | 400.6513 | 696.9501 | 16,324.5589 | 4,311.9924 |
| Check: on-demand hours equal inference above usable capacity (forecast months) | UNITS (thousands) AND GPU HOURS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserved capacity used (inference on reserved + research) / reserved hours | UNITS (thousands) AND GPU HOURS | 82.04% | 85% | 83.52% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 84.63% | 85% | |
| Inference share of usable reserved hours | UNITS (thousands) AND GPU HOURS | 76.75% | 87.39% | 78.5% | 82.76% | 81.55% | 87.11% | 89.48% | 89.5% | 91.28% | 87.44% | 90.59% | 88.32% | 99.41% | 100% | 98.66% | 99.6% | 97.62% | 98.65% | 94.14% | 93.56% | 97% | 92.97% | 96.36% | 93.88% | 85.89% | 96.82% | |
| Vendor B (voice and agent models) | MODEL TOKENS (millions) | A: usage report; F: units x tokens per unit | 45,363.6 | 46,694.3 | 45,331.2 | 47,001.3 | 47,964.9 | 49,628.9 | 54,067.2 | 54,274.2 | 53,152.6371 | 53,189.4369 | 53,253.3927 | 53,613.0432 | 68,371.7539 | 67,452.3849 | 68,041.7124 | 67,070.3374 | 67,927.1897 | 66,721.4194 | 66,526.6629 | 65,900.778 | 65,866.2064 | 65,944.9016 | 66,070.2755 | 66,478.1367 | 603,534.1098 | 802,371.7588 |
| Vendor C (document models) | MODEL TOKENS (millions) | A: usage report; F: units x tokens per unit | 5,097.8 | 5,228.5 | 5,241.4 | 5,548.4 | 5,645.5 | 5,857 | 6,145.5 | 6,144 | 6,102.6334 | 6,064.1413 | 6,074.3968 | 6,117.9038 | 7,834.7584 | 7,731.6878 | 7,805.8946 | 7,759.4063 | 7,828.6874 | 7,624.0726 | 7,617.2341 | 7,584.0655 | 7,655.2892 | 7,617.5395 | 7,635.9521 | 7,685.7306 | 69,267.1752 | 92,380.3179 |
| Provider A: reserved GPUs | COSTS IN USD (Provider A and vendor B) | A: invoice; F: GPUs x hours x rate | 23,212.8 | 20,966.4 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 26,114.4 | 23,587.2 | 26,114.4 | 25,272 | 26,114.4 | 25,272 | 26,114.4 | 26,114.4 | 25,272 | 26,114.4 | 25,272 | 26,114.4 | 273,312 | 307,476 |
| Provider A: on-demand GPUs | COSTS IN USD (Provider A and vendor B) | A: invoice; F: hours x on-demand rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,868.7434 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,868.7434 |
| Provider A: hosting, storage and network | COSTS IN USD (Provider A and vendor B) | A: invoice; F: fixed + per unit | 32,001.99 | 31,169.81 | 29,925.08 | 30,371.93 | 30,331.75 | 33,315.01 | 34,707.42 | 34,955.11 | 33,018.5909 | 32,992.1913 | 33,025.4479 | 33,134.8908 | 37,359.614 | 37,059.6487 | 37,239.8285 | 37,023.0669 | 37,245.3761 | 36,807.132 | 36,750.0323 | 36,638.9828 | 36,724.9348 | 36,706.3348 | 36,758.2318 | 36,881.7869 | 388,949.2209 | 443,194.9696 |
| PROVIDER A SPEND (counts towards the commitment) | COSTS IN USD (Provider A and vendor B) | 55,214.79 | 52,136.21 | 53,137.88 | 52,835.93 | 53,544.55 | 55,779.01 | 57,920.22 | 58,167.91 | 55,482.5909 | 56,204.9913 | 55,489.4479 | 56,347.6908 | 63,474.014 | 63,515.5921 | 63,354.2285 | 62,295.0669 | 63,359.7761 | 62,079.132 | 62,864.4323 | 62,753.3828 | 61,996.9348 | 62,820.7348 | 62,030.2318 | 62,996.1869 | 662,261.2209 | 753,539.713 | |
| Model API vendor B | COSTS IN USD (Provider A and vendor B) | A: invoice; F: tokens x price | 90,587.32 | 93,347.54 | 92,058.43 | 91,600.75 | 99,739.14 | 97,887.62 | 106,990.41 | 108,660.49 | 106,305.2742 | 95,740.9864 | 95,856.1068 | 96,503.4777 | 123,069.1569 | 121,414.2928 | 122,475.0824 | 120,726.6073 | 122,268.9415 | 120,098.5549 | 119,747.9932 | 118,621.4004 | 118,559.1716 | 118,700.823 | 118,926.496 | 119,660.646 | 1,175,277.5451 | 1,444,269.1659 |
| TOTAL USD COMPUTE | COSTS IN USD (Provider A and vendor B) | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 161,787.8651 | 151,945.9777 | 151,345.5547 | 152,851.1685 | 186,543.1709 | 184,929.8848 | 185,829.3109 | 183,021.6742 | 185,628.7176 | 182,177.6869 | 182,612.4255 | 181,374.7832 | 180,556.1063 | 181,521.5578 | 180,956.7278 | 182,656.8329 | 1,837,538.766 | 2,197,808.8789 | |
| USD per EUR | COSTS IN EUR | Assumptions timeline | 1.1737 | 1.1823 | 1.1558 | 1.1705 | 1.1673 | 1.1517 | 1.1417 | 1.1593 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | 1.1352 | 1.08 |
| Reserved GPUs | COSTS IN EUR | USD / rate | 19,777.4559 | 17,733.5702 | 20,083.7515 | 19,191.7984 | 19,885.8905 | 19,505.0794 | 20,331.7859 | 20,023.1174 | 20,800 | 21,493.3333 | 20,800 | 21,493.3333 | 24,180 | 21,840 | 24,180 | 23,400 | 24,180 | 23,400 | 24,180 | 24,180 | 23,400 | 24,180 | 23,400 | 24,180 | 241,119.1159 | 284,700 |
| of which research (charged to research and development) | COSTS IN EUR | reserved x research hours / reserved hours | 3,322.8253 | 1,900.1903 | 3,374.2862 | 2,811.6318 | 3,118.3629 | 2,136.2464 | 1,818.998 | 1,787.8504 | 1,542.283 | 2,294.6021 | 1,663.6511 | 2,134.1813 | 121.5398 | 0 | 274.7861 | 79.0252 | 489.2957 | 268.2296 | 1,205.2272 | 1,323.1232 | 597.5657 | 1,444.9692 | 723.3983 | 1,258.3821 | 27,905.1088 | 7,785.5419 |
| of which inference and idle capacity (cost of revenue) | COSTS IN EUR | 16,454.6307 | 15,833.3799 | 16,709.4653 | 16,380.1666 | 16,767.5276 | 17,368.833 | 18,512.7879 | 18,235.267 | 19,257.717 | 19,198.7313 | 19,136.3489 | 19,359.152 | 24,058.4602 | 21,840 | 23,905.2139 | 23,320.9748 | 23,690.7043 | 23,131.7704 | 22,974.7728 | 22,856.8768 | 22,802.4343 | 22,735.0308 | 22,676.6017 | 22,921.6179 | 213,214.0071 | 276,914.4581 | |
| On-demand GPUs | COSTS IN EUR | USD / rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,656.2439 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,656.2439 |
| Hosting, storage and network | COSTS IN EUR | USD / rate | 27,265.9027 | 26,363.7063 | 25,891.2269 | 25,947.8257 | 25,984.537 | 28,926.8125 | 30,399.7723 | 30,151.9106 | 30,572.7693 | 30,548.3253 | 30,579.1185 | 30,680.4545 | 34,592.2352 | 34,314.4895 | 34,481.3226 | 34,280.6175 | 34,486.4593 | 34,080.6778 | 34,027.8077 | 33,924.9841 | 34,004.5692 | 33,987.3471 | 34,035.3998 | 34,149.8027 | 343,312.3615 | 410,365.7126 |
| Model API vendor B | COSTS IN EUR | USD / rate | 77,180.9832 | 78,954.191 | 79,649.1002 | 78,257.7958 | 85,444.3074 | 84,994.0262 | 93,711.4916 | 93,729.397 | 98,430.8095 | 88,649.0615 | 88,755.6544 | 89,355.0719 | 113,952.9231 | 112,420.6414 | 113,402.8541 | 111,783.8957 | 113,211.9829 | 111,202.3656 | 110,877.7715 | 109,834.63 | 109,777.0107 | 109,908.1694 | 110,117.1259 | 110,796.8944 | 1,037,111.8898 | 1,337,286.2647 |
| Model API vendor C (EUR) | COSTS IN EUR | A: invoice; F: tokens x price | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,764.2135 | 9,702.626 | 9,719.0348 | 9,788.6461 | 12,535.6134 | 12,370.7005 | 12,489.4313 | 12,415.0502 | 12,525.8998 | 12,198.5161 | 12,187.5745 | 12,134.5049 | 12,248.4626 | 12,188.0632 | 12,217.5233 | 12,297.1689 | 110,405.9404 | 147,808.5087 |
| COMPUTE IN COST OF REVENUE | COSTS IN EUR | inference, APIs and hosting | 129,074.3866 | 129,580.8472 | 130,283.6924 | 129,420.6681 | 137,200.542 | 140,530.3118 | 152,468.4019 | 151,987.6147 | 158,025.5093 | 148,098.744 | 148,190.1566 | 149,183.3245 | 185,139.2319 | 183,602.0753 | 184,278.822 | 181,800.5381 | 183,915.0463 | 180,613.33 | 180,067.9265 | 178,750.9957 | 178,832.4769 | 178,818.6105 | 179,046.6508 | 180,165.484 | 1,704,044.1988 | 2,175,031.188 |
| TOTAL COMPUTE (incl. research) | COSTS IN EUR | 132,397.2118 | 131,481.0375 | 133,657.9786 | 132,232.2999 | 140,318.9049 | 142,666.5582 | 154,287.3998 | 153,775.4651 | 159,567.7923 | 150,393.3461 | 149,853.8077 | 151,317.5058 | 185,260.7717 | 183,602.0753 | 184,553.6081 | 181,879.5633 | 184,404.342 | 180,881.5596 | 181,273.1537 | 180,074.1189 | 179,430.0426 | 180,263.5797 | 179,770.049 | 181,423.866 | 1,731,949.3076 | 2,182,816.7298 | |
| Compute in cost of revenue, % of revenue | COSTS IN EUR | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 24.46% | 27.61% | 27.47% | 27.96% | 31.97% | 33.49% | 27.55% | 33.13% | 32.99% | 26.14% | 32.9% | 32.97% | 30.39% | 32.96% | 32.91% | 30.53% | 26.37% | 31.3% | |
| Provider A (GPUs and hosting) | PROVIDER CONCENTRATION (share of total compute in EUR) | 35.53% | 33.54% | 34.4% | 34.14% | 32.69% | 33.95% | 32.88% | 32.63% | 32.19% | 34.6% | 34.29% | 34.48% | 31.72% | 32.03% | 31.79% | 31.71% | 31.81% | 31.78% | 32.11% | 32.27% | 31.99% | 32.27% | 31.95% | 32.15% | 33.74% | 31.96% | |
| Model API vendor B | PROVIDER CONCENTRATION (share of total compute in EUR) | 58.3% | 60.05% | 59.59% | 59.18% | 60.89% | 59.58% | 60.74% | 60.95% | 61.69% | 58.94% | 59.23% | 59.05% | 61.51% | 61.23% | 61.45% | 61.46% | 61.39% | 61.48% | 61.17% | 60.99% | 61.18% | 60.97% | 61.25% | 61.07% | 59.88% | 61.26% | |
| Model API vendor C | PROVIDER CONCENTRATION (share of total compute in EUR) | 6.17% | 6.41% | 6.01% | 6.68% | 6.42% | 6.48% | 6.38% | 6.42% | 6.12% | 6.45% | 6.49% | 6.47% | 6.77% | 6.74% | 6.77% | 6.83% | 6.79% | 6.74% | 6.72% | 6.74% | 6.83% | 6.76% | 6.8% | 6.78% | 6.37% | 6.77% | |
| Revenue that runs on vendor B models (Voice AI and Agent workspace), % of revenue | PROVIDER CONCENTRATION (share of total compute in EUR) | 56.05% | 56.95% | 57.65% | 55.96% | 56.25% | 55.44% | 57.42% | 58.61% | 53.95% | 56.62% | 56.58% | 56.72% | 55.99% | 56.45% | 55.24% | 56.25% | 56.28% | 59.94% | 56.55% | 56.53% | 54.94% | 56.24% | 56.22% | 55.76% | 56.48% | 56.41% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commitment for the calendar year (USD) | Assumptions | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 700,000 | 780,000 | 700,000 | |
| Provider A spend (USD) | Usage_Compute | 55,214.79 | 52,136.21 | 53,137.88 | 52,835.93 | 53,544.55 | 55,779.01 | 57,920.22 | 58,167.91 | 55,482.5909 | 56,204.9913 | 55,489.4479 | 56,347.6908 | 63,474.014 | 63,515.5921 | 63,354.2285 | 62,295.0669 | 63,359.7761 | 62,079.132 | 62,864.4323 | 62,753.3828 | 61,996.9348 | 62,820.7348 | 62,030.2318 | 62,996.1869 | 662,261.2209 | 753,539.713 | |
| Spend in the year to date (USD) | 55,214.79 | 107,351 | 160,488.88 | 213,324.81 | 266,869.36 | 322,648.37 | 380,568.59 | 438,736.5 | 494,219.0909 | 550,424.0821 | 605,913.5301 | 662,261.2209 | 63,474.014 | 126,989.6061 | 190,343.8345 | 252,638.9014 | 315,998.6775 | 378,077.8095 | 440,942.2418 | 503,695.6246 | 565,692.5594 | 628,513.2942 | 690,543.5261 | 753,539.713 | 662,261.2209 | 753,539.713 | ||
| Spend for the full year: actual plus forecast (USD) | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 662,261.2209 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 753,539.713 | 662,261.2209 | 753,539.713 | ||
| Expected shortfall for the year (USD) | commitment less full-year spend | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 117,738.7791 | 0 | |
| Utilisation: spend to date / commitment to date | 84.95% | 82.58% | 82.3% | 82.05% | 82.11% | 82.73% | 83.64% | 84.37% | 84.48% | 84.68% | 84.74% | 84.91% | 108.81% | 108.85% | 108.77% | 108.27% | 108.34% | 108.02% | 107.99% | 107.93% | 107.75% | 107.75% | 107.62% | 107.65% | 84.91% | 107.65% | ||
| Provision at month end (USD) | A: CFO estimate; F: expected shortfall, nil after the December invoice | 0 | 0 | 0 | 0 | 0 | 55,000 | 80,000 | 113,500 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Shortfall invoiced in December (USD) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 117,738.7791 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 117,738.7791 | 0 | ||
| Check: provision equals the expected shortfall before December (forecast months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| PROVISION: ONEROUS CLOUD COMMITMENT (EUR) | USD / rate of the month | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 70,070.9468 | 97,903.9075 | 109,017.3881 | 109,017.3881 | 109,017.3881 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Shortfall invoiced (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109,017.3881 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109,017.3881 | 0 | ||
| CHARGE: UNUSED COMMITTED CLOUD SPEND (cost of revenue) | provision movement + December invoice | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 22,315.455 | 27,832.9607 | 11,113.4805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109,017.3881 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units (thousands) | DOCUMENT AI (per 1,000 pages) | Revenue | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 24,410.5337 | 24,256.5651 | 24,297.5871 | 24,471.6151 | 31,339.0334 | 30,926.7512 | 31,223.5783 | 31,037.6254 | 31,314.7494 | 30,496.2903 | 30,468.9363 | 30,336.2622 | 30,621.1566 | 30,470.158 | 30,543.8082 | 30,742.9222 | 277,069.201 | 369,521.2717 |
| Revenue | DOCUMENT AI (per 1,000 pages) | Revenue | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 297,521.781 | 232,680.8736 | 234,270.5893 | 230,960.0902 | 254,864.363 | 238,745.4013 | 299,405.1079 | 240,046.7082 | 243,722.6042 | 276,762.2068 | 237,834.004 | 235,691.227 | 265,158.2867 | 237,413.9269 | 238,198.945 | 261,115.8551 | 2,811,960.0586 | 3,028,958.636 |
| GPU cost | DOCUMENT AI (per 1,000 pages) | inference GPU cost x share of GPU hours | 7,621.5904 | 7,313.438 | 7,780.6691 | 7,754.5466 | 7,932.5664 | 8,246.4736 | 8,515.9424 | 8,384.2165 | 8,910.5653 | 8,828.1305 | 8,791.4231 | 8,891.5275 | 11,063.4273 | 11,306.9378 | 11,035.2271 | 10,844.2671 | 10,974.5484 | 10,670.5931 | 10,631.232 | 10,595.1842 | 10,634.6165 | 10,546.1896 | 10,512.289 | 10,624.1816 | 98,971.0894 | 129,438.6937 |
| Model API cost (vendor C) | DOCUMENT AI (per 1,000 pages) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,764.2135 | 9,702.626 | 9,719.0348 | 9,788.6461 | 12,535.6134 | 12,370.7005 | 12,489.4313 | 12,415.0502 | 12,525.8998 | 12,198.5161 | 12,187.5745 | 12,134.5049 | 12,248.4626 | 12,188.0632 | 12,217.5233 | 12,297.1689 | 110,405.9404 | 147,808.5087 | |
| Hosting, storage and network | DOCUMENT AI (per 1,000 pages) | per-unit rate + fixed by revenue | 13,424.2829 | 12,850.8894 | 12,559.8863 | 12,958.8661 | 12,945.4595 | 14,596.4051 | 14,898.4372 | 14,577.1594 | 15,585.7389 | 15,091.3169 | 15,111.2041 | 15,144.2341 | 17,491.5719 | 17,280.1963 | 17,578.6082 | 17,350.0585 | 17,434.7768 | 16,559.9158 | 17,115.6393 | 17,076.4027 | 17,433.4483 | 17,168.2566 | 17,194.6896 | 17,336.7679 | 169,743.8798 | 207,020.3322 |
| COMPUTE COST | DOCUMENT AI (per 1,000 pages) | 29,218.7432 | 28,593.8973 | 28,374.4554 | 29,548.2927 | 29,882.1959 | 32,083.5187 | 33,258.7297 | 32,832.4159 | 34,260.5177 | 33,622.0734 | 33,621.662 | 33,824.4076 | 41,090.6126 | 40,957.8346 | 41,103.2667 | 40,609.3758 | 40,935.225 | 39,429.0251 | 39,934.4459 | 39,806.0918 | 40,316.5275 | 39,902.5093 | 39,924.5019 | 40,258.1184 | 379,120.9095 | 484,267.5345 | |
| Realised price per 1,000 units | DOCUMENT AI (per 1,000 pages) | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1883 | 9.5925 | 9.6417 | 9.4379 | 8.1325 | 7.7197 | 9.5891 | 7.7341 | 7.783 | 9.0753 | 7.8058 | 7.7693 | 8.6593 | 7.7917 | 7.7986 | 8.4935 | 10.1489 | 8.197 | |
| Compute cost per 1,000 units | DOCUMENT AI (per 1,000 pages) | 1.4329 | 1.3672 | 1.3534 | 1.3314 | 1.3233 | 1.3694 | 1.353 | 1.3359 | 1.4035 | 1.3861 | 1.3837 | 1.3822 | 1.3112 | 1.3243 | 1.3164 | 1.3084 | 1.3072 | 1.2929 | 1.3107 | 1.3122 | 1.3166 | 1.3096 | 1.3071 | 1.3095 | 1.3683 | 1.3105 | |
| of which GPU | DOCUMENT AI (per 1,000 pages) | 0.3738 | 0.3497 | 0.3711 | 0.3494 | 0.3513 | 0.352 | 0.3464 | 0.3412 | 0.365 | 0.3639 | 0.3618 | 0.3633 | 0.353 | 0.3656 | 0.3534 | 0.3494 | 0.3505 | 0.3499 | 0.3489 | 0.3493 | 0.3473 | 0.3461 | 0.3442 | 0.3456 | 0.3572 | 0.3503 | |
| of which model API | DOCUMENT AI (per 1,000 pages) | 0.4008 | 0.4031 | 0.3832 | 0.3981 | 0.3987 | 0.3944 | 0.4005 | 0.4017 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3985 | 0.4 | |
| Compute cost % of revenue | DOCUMENT AI (per 1,000 pages) | 13.39% | 13.99% | 13.06% | 13.72% | 13.05% | 12.67% | 13.78% | 13.82% | 11.52% | 14.45% | 14.35% | 14.65% | 16.12% | 17.16% | 13.73% | 16.92% | 16.8% | 14.25% | 16.79% | 16.89% | 15.2% | 16.81% | 16.76% | 15.42% | 13.48% | 15.99% | |
| Contribution after compute per 1,000 units | DOCUMENT AI (per 1,000 pages) | 9.2673 | 8.4069 | 9.0117 | 8.3711 | 8.8196 | 9.4393 | 8.4664 | 8.3328 | 10.7847 | 8.2064 | 8.258 | 8.0557 | 6.8213 | 6.3954 | 8.2727 | 6.4257 | 6.4758 | 7.7824 | 6.4951 | 6.4571 | 7.3427 | 6.4821 | 6.4915 | 7.184 | 8.7806 | 6.8865 | |
| Units (thousands) | VOICE AI (per 1,000 audio minutes) | Revenue | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 22,395.95 | 22,521.0108 | 22,600.8542 | 22,774.8766 | 29,104.2564 | 28,508.9186 | 28,778.6617 | 28,210.5719 | 28,671.3053 | 28,139.9195 | 27,944.5198 | 27,736.183 | 27,676.1417 | 27,826.7436 | 27,931.2211 | 28,122.9822 | 252,535.6916 | 338,651.4249 |
| Revenue | VOICE AI (per 1,000 audio minutes) | Revenue | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 173,581.4492 | 158,157.7258 | 159,381.1106 | 157,725.0593 | 171,414.5162 | 161,245.816 | 188,279.7269 | 160,207.2677 | 163,515.9183 | 230,474.2104 | 160,480.6906 | 159,617.3811 | 164,809.2695 | 158,897.6352 | 159,578.0307 | 173,473.1932 | 1,887,536.9756 | 2,051,993.6557 |
| GPU cost | VOICE AI (per 1,000 audio minutes) | inference GPU cost x share of GPU hours | 8,514.6777 | 8,213.8612 | 8,619.1441 | 8,319.9234 | 8,520.7702 | 8,795.188 | 9,654.1944 | 9,511.1405 | 9,991.8901 | 10,017.9186 | 9,994.7299 | 10,113.9302 | 12,557.7194 | 12,739.1844 | 12,431.3809 | 12,046.8578 | 12,281.046 | 12,034.1265 | 11,917.1699 | 11,839.7713 | 11,747.7843 | 11,771.5439 | 11,749.3598 | 11,878.5078 | 110,267.3682 | 144,994.452 |
| Model API cost (vendor B) | VOICE AI (per 1,000 audio minutes) | vendor B x share of tokens | 38,053.5343 | 38,994.3882 | 40,065.5986 | 38,926.0001 | 42,424.6964 | 42,014.4732 | 47,423.8187 | 47,271.295 | 49,768.7778 | 45,042.0216 | 45,201.7084 | 45,549.7531 | 58,208.5128 | 57,017.8372 | 57,557.3234 | 56,421.1438 | 57,342.6107 | 56,279.8391 | 55,889.0397 | 55,472.366 | 55,352.2834 | 55,653.4871 | 55,862.4422 | 56,245.9644 | 520,736.0654 | 677,302.8498 |
| Hosting, storage and network | VOICE AI (per 1,000 audio minutes) | per-unit rate + fixed by revenue | 8,813.3751 | 8,550.636 | 8,664.7308 | 8,274.982 | 8,229.2581 | 9,309.1626 | 10,105.4337 | 10,234.5813 | 9,661.9816 | 10,127.836 | 10,155.2118 | 10,198.2173 | 11,670.6801 | 11,501.0095 | 11,352.8284 | 11,396.6209 | 11,525.447 | 12,074.036 | 11,354.8721 | 11,327.0905 | 11,074.3123 | 11,322.9203 | 11,353.5692 | 11,408.7476 | 112,325.4063 | 137,362.134 |
| COMPUTE COST | VOICE AI (per 1,000 audio minutes) | 55,381.5871 | 55,758.8854 | 57,349.4734 | 55,520.9056 | 59,174.7247 | 60,118.8238 | 67,183.4469 | 67,017.0168 | 69,422.6495 | 65,187.7762 | 65,351.6501 | 65,861.9006 | 82,436.9123 | 81,258.031 | 81,341.5326 | 79,864.6225 | 81,149.1037 | 80,388.0016 | 79,161.0817 | 78,639.2278 | 78,174.3799 | 78,747.9514 | 78,965.3713 | 79,533.2198 | 743,328.84 | 959,659.4358 | |
| Realised price per 1,000 units | VOICE AI (per 1,000 audio minutes) | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7506 | 7.0227 | 7.052 | 6.9254 | 5.8897 | 5.656 | 6.5423 | 5.679 | 5.7031 | 8.1903 | 5.7428 | 5.7548 | 5.9549 | 5.7102 | 5.7132 | 6.1684 | 7.4743 | 6.0593 | |
| Compute cost per 1,000 units | VOICE AI (per 1,000 audio minutes) | 2.9714 | 2.9014 | 3.018 | 2.8498 | 2.9817 | 2.9407 | 2.9465 | 2.938 | 3.0998 | 2.8945 | 2.8916 | 2.8919 | 2.8325 | 2.8503 | 2.8265 | 2.831 | 2.8303 | 2.8567 | 2.8328 | 2.8353 | 2.8246 | 2.8299 | 2.8271 | 2.8281 | 2.9435 | 2.8338 | |
| of which GPU | VOICE AI (per 1,000 audio minutes) | 0.4568 | 0.4274 | 0.4536 | 0.427 | 0.4293 | 0.4302 | 0.4234 | 0.417 | 0.4461 | 0.4448 | 0.4422 | 0.4441 | 0.4315 | 0.4468 | 0.432 | 0.427 | 0.4283 | 0.4277 | 0.4265 | 0.4269 | 0.4245 | 0.423 | 0.4207 | 0.4224 | 0.4366 | 0.4282 | |
| of which model API | VOICE AI (per 1,000 audio minutes) | 2.0417 | 2.029 | 2.1084 | 1.998 | 2.1377 | 2.0551 | 2.0799 | 2.0724 | 2.2222 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2.062 | 2 | |
| Compute cost % of revenue | VOICE AI (per 1,000 audio minutes) | 38.47% | 40.48% | 36.11% | 39.68% | 40.14% | 36.38% | 39.99% | 37.74% | 39.99% | 41.22% | 41% | 41.76% | 48.09% | 50.39% | 43.2% | 49.85% | 49.63% | 34.88% | 49.33% | 49.27% | 47.43% | 49.56% | 49.48% | 45.85% | 39.38% | 46.77% | |
| Contribution after compute per 1,000 units | VOICE AI (per 1,000 audio minutes) | 4.7524 | 4.2664 | 5.3391 | 4.3329 | 4.4468 | 5.1423 | 4.4214 | 4.8465 | 4.6508 | 4.1281 | 4.1604 | 4.0335 | 3.0572 | 2.8057 | 3.7159 | 2.848 | 2.8728 | 5.3336 | 2.91 | 2.9196 | 3.1303 | 2.8803 | 2.8861 | 3.3403 | 4.5309 | 3.2255 | |
| Units (thousands) | AGENT WORKSPACE (per 1,000 agent actions) | Revenue | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 8,759.1657 | 8,721.408 | 8,710.7892 | 8,761.0638 | 11,148.8821 | 11,080.5608 | 11,169.1061 | 11,072.5504 | 11,173.8744 | 10,984.5053 | 10,997.7464 | 10,872.4528 | 10,884.9455 | 10,850.9365 | 10,850.9367 | 10,910.186 | 100,163.8266 | 131,996.683 |
| Revenue | AGENT WORKSPACE (per 1,000 agent actions) | Revenue | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 174,987.9045 | 145,510.4677 | 145,869.8325 | 144,935.4022 | 152,794.8242 | 148,271.1809 | 181,240.2958 | 148,431.5765 | 150,238.38 | 183,612.9192 | 149,075.9117 | 146,868.7655 | 158,494.3203 | 146,199.9137 | 146,336.9896 | 155,600.601 | 1,762,437.6607 | 1,867,165.6784 |
| GPU cost | AGENT WORKSPACE (per 1,000 agent actions) | inference GPU cost x share of GPU hours | 318.3626 | 306.0807 | 309.6521 | 305.6966 | 314.1911 | 327.1715 | 342.6511 | 339.9099 | 355.2616 | 352.6822 | 350.1959 | 353.6943 | 437.3135 | 450.1217 | 438.6059 | 429.8499 | 435.1099 | 427.0508 | 426.3708 | 421.9213 | 420.0336 | 417.2973 | 414.9529 | 418.9286 | 3,975.5496 | 5,137.5563 |
| Model API cost (vendor B) | AGENT WORKSPACE (per 1,000 agent actions) | vendor B x share of tokens | 39,127.449 | 39,959.8028 | 39,583.5016 | 39,331.7957 | 43,019.611 | 42,979.5531 | 46,287.6729 | 46,458.1021 | 48,662.0316 | 43,607.0399 | 43,553.9461 | 43,805.3188 | 55,744.4103 | 55,402.8042 | 55,845.5307 | 55,362.7518 | 55,869.3722 | 54,922.5266 | 54,988.7318 | 54,362.264 | 54,424.7273 | 54,254.6823 | 54,254.6837 | 54,550.93 | 516,375.8244 | 659,983.4149 |
| Hosting, storage and network | AGENT WORKSPACE (per 1,000 agent actions) | per-unit rate + fixed by revenue | 5,028.2447 | 4,962.181 | 4,666.6098 | 4,713.9776 | 4,809.8193 | 5,021.2448 | 5,395.9013 | 5,340.17 | 5,325.0489 | 5,329.1723 | 5,312.7026 | 5,338.0031 | 5,429.9831 | 5,533.2838 | 5,549.886 | 5,533.9381 | 5,526.2355 | 5,446.7259 | 5,557.2963 | 5,521.4908 | 5,496.8086 | 5,496.1701 | 5,487.141 | 5,404.2872 | 61,243.0754 | 65,983.2464 |
| COMPUTE COST | AGENT WORKSPACE (per 1,000 agent actions) | 44,474.0562 | 45,228.0644 | 44,559.7635 | 44,351.4699 | 48,143.6214 | 48,327.9693 | 52,026.2253 | 52,138.182 | 54,342.3421 | 49,288.8944 | 49,216.8445 | 49,497.0162 | 61,611.7069 | 61,386.2097 | 61,834.0227 | 61,326.5399 | 61,830.7176 | 60,796.3033 | 60,972.3989 | 60,305.6761 | 60,341.5695 | 60,168.1497 | 60,156.7776 | 60,374.1457 | 581,594.4493 | 731,104.2177 | |
| Realised price per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.9777 | 16.6843 | 16.7459 | 16.5431 | 13.7049 | 13.3812 | 16.2269 | 13.4054 | 13.4455 | 16.7156 | 13.5551 | 13.5083 | 14.5609 | 13.4735 | 13.4861 | 14.262 | 17.5956 | 14.1455 | |
| Compute cost per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 5.8016 | 5.7414 | 5.9338 | 5.6325 | 5.9807 | 5.7771 | 5.8444 | 5.8143 | 6.2041 | 5.6515 | 5.6501 | 5.6497 | 5.5263 | 5.54 | 5.5362 | 5.5386 | 5.5335 | 5.5347 | 5.5441 | 5.5466 | 5.5436 | 5.545 | 5.5439 | 5.5337 | 5.8064 | 5.5388 | |
| of which GPU | AGENT WORKSPACE (per 1,000 agent actions) | 0.0415 | 0.0389 | 0.0412 | 0.0388 | 0.039 | 0.0391 | 0.0385 | 0.0379 | 0.0406 | 0.0404 | 0.0402 | 0.0404 | 0.0392 | 0.0406 | 0.0393 | 0.0388 | 0.0389 | 0.0389 | 0.0388 | 0.0388 | 0.0386 | 0.0385 | 0.0382 | 0.0384 | 0.0397 | 0.0389 | |
| of which model API | AGENT WORKSPACE (per 1,000 agent actions) | 5.1042 | 5.0726 | 5.2711 | 4.995 | 5.3442 | 5.1378 | 5.1998 | 5.1809 | 5.5556 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5.1553 | 5 | |
| Compute cost % of revenue | AGENT WORKSPACE (per 1,000 agent actions) | 33.11% | 34.08% | 32.51% | 33.17% | 32.73% | 32.27% | 33.03% | 32.8% | 31.05% | 33.87% | 33.74% | 34.15% | 40.32% | 41.4% | 34.12% | 41.32% | 41.16% | 33.11% | 40.9% | 41.06% | 38.07% | 41.15% | 41.11% | 38.8% | 33% | 39.16% | |
| Contribution after compute per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 11.7193 | 11.1063 | 12.3182 | 11.3469 | 12.2936 | 12.1241 | 11.8516 | 11.9122 | 13.7736 | 11.0328 | 11.0958 | 10.8935 | 8.1787 | 7.8412 | 10.6908 | 7.8668 | 7.912 | 11.1809 | 8.0111 | 7.9617 | 9.0173 | 7.9285 | 7.9422 | 8.7282 | 11.7891 | 8.6067 | |
| Check: product compute costs less compute in cost of revenue (must be zero) | CHECK | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Machine learning research scientists | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7.9533 | 7.9069 | 7.8841 | 7.8614 | 8.3386 | 8.3129 | 8.2873 | 8.2633 | 8.2394 | 8.2155 | 8.1917 | 8.1679 | 8.1442 | 8.1206 | 8.0971 | 8.0736 | 7.8614 | 8.0736 |
| Machine learning engineers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 11 | 10.9358 | 11.372 | 11.3378 | 11.3035 | 11.2708 | 11.2381 | 11.7055 | 11.6701 | 11.6348 | 11.6011 | 11.5674 | 11.5339 | 12.0005 | 11.9642 | 11.928 | 11.8935 | 11.3035 | 11.8935 |
| Software engineers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 13 | 13 | 14 | 14 | 13 | 14 | 14 | 14 | 13.9183 | 13.8371 | 13.7973 | 13.7574 | 14.7175 | 14.6719 | 14.6264 | 14.584 | 14.5417 | 14.9996 | 14.9546 | 14.9098 | 14.8666 | 14.8235 | 14.7805 | 14.7376 | 13.7574 | 14.7376 |
| CTO and engineering leads | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2.9825 | 2.9651 | 2.9566 | 2.948 | 2.9395 | 2.9309 | 2.9224 | 2.914 | 2.9055 | 2.8971 | 2.8887 | 2.8803 | 2.872 | 2.8636 | 2.8553 | 2.847 | 2.948 | 2.847 |
| Product managers and designers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.965 | 5.9302 | 5.9131 | 5.896 | 5.8789 | 5.8619 | 5.8449 | 5.8279 | 5.811 | 5.7942 | 5.7774 | 5.7606 | 5.7439 | 5.7273 | 5.7107 | 5.6941 | 5.896 | 5.6941 |
| Solutions engineers and support | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 6.9387 | 7.378 | 7.3441 | 7.3102 | 7.2785 | 7.247 | 7.2155 | 7.6842 | 7.6487 | 7.6133 | 7.5803 | 7.5475 | 7.5148 | 7.4822 | 7.4497 | 7.4174 | 7.3102 | 7.4174 |
| Customer success managers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4.9562 | 4.9129 | 4.8918 | 4.8707 | 5.3495 | 5.3241 | 5.2988 | 5.2759 | 5.253 | 5.2302 | 5.2075 | 5.185 | 5.1625 | 5.1401 | 5.1178 | 5.0956 | 4.8707 | 5.0956 |
| Head of sales | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.9883 | 0.9768 | 0.9712 | 0.9657 | 0.9601 | 0.9546 | 0.9491 | 0.9436 | 0.9382 | 0.9327 | 0.9274 | 0.922 | 0.9167 | 0.9114 | 0.9062 | 0.9009 | 0.9657 | 0.9009 |
| Account executives (base salary) | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.93 | 5.8608 | 6.3274 | 6.2882 | 6.749 | 6.7072 | 6.6656 | 6.6272 | 6.5891 | 6.5511 | 6.5133 | 6.4757 | 6.4384 | 6.4013 | 6.3644 | 6.3277 | 6.2882 | 6.3277 |
| Sales development representatives | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 2.965 | 2.9304 | 2.9137 | 2.897 | 2.8803 | 2.8637 | 2.8472 | 3.3308 | 3.3086 | 3.2866 | 3.2677 | 3.2489 | 3.2302 | 3.2115 | 3.193 | 3.1746 | 2.897 | 3.1746 |
| Marketing | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 4.9417 | 4.884 | 4.8562 | 4.8284 | 4.8005 | 5.2729 | 5.2395 | 5.2064 | 5.1764 | 5.1466 | 5.1169 | 5.0874 | 5.0581 | 5.0289 | 4.9999 | 4.9711 | 4.8284 | 4.9711 |
| Founders and executives (CEO, COO) | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1.9907 | 1.9814 | 1.9768 | 1.9722 | 1.9676 | 1.9631 | 1.9585 | 1.954 | 1.9494 | 1.9449 | 1.9404 | 1.9359 | 1.9314 | 1.9269 | 1.9224 | 1.9179 | 1.9722 | 1.9179 |
| Finance, people and office | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 5.972 | 5.9441 | 5.9304 | 5.9167 | 5.9029 | 5.8892 | 5.8755 | 5.8619 | 5.8483 | 5.8347 | 6.3211 | 6.3053 | 6.2895 | 6.2749 | 6.2603 | 6.2458 | 5.9167 | 6.2458 |
| TOTAL HEADCOUNT | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | 71 | 73 | 76 | 78 | 78 | 79 | 78 | 77 | 76.4377 | 76.8799 | 77.1005 | 76.8153 | 79.0338 | 79.2374 | 79.4364 | 80.1433 | 79.8441 | 80.0476 | 80.2544 | 79.9602 | 80.1685 | 79.8763 | 79.5852 | 79.2968 | 76.8153 | 79.2968 | |
| Machine learning research scientists | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0467 | 0.0464 | 0.0461 | 0.046 | 0.0459 | 0.0486 | 0.0485 | 0.0483 | 0.0482 | 0.0481 | 0.0479 | 0.0478 | 0.0476 | 0.0475 | 0.0474 | 0.0472 | 0.1852 | 0.5731 |
| Machine learning engineers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0642 | 0.0638 | 0.0663 | 0.0661 | 0.0659 | 0.0657 | 0.0656 | 0.0683 | 0.0681 | 0.0679 | 0.0677 | 0.0675 | 0.0673 | 0.07 | 0.0698 | 0.0696 | 0.2604 | 0.8133 |
| Software engineers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0817 | 0.0812 | 0.0807 | 0.0805 | 0.0803 | 0.0859 | 0.0856 | 0.0853 | 0.0851 | 0.0848 | 0.0875 | 0.0872 | 0.087 | 0.0867 | 0.0865 | 0.0862 | 0.3241 | 1.028 |
| CTO and engineering leads | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0175 | 0.0174 | 0.0173 | 0.0172 | 0.0172 | 0.0171 | 0.0171 | 0.017 | 0.017 | 0.0169 | 0.0169 | 0.0169 | 0.0168 | 0.0168 | 0.0167 | 0.0167 | 0.0694 | 0.2031 |
| Product managers and designers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.035 | 0.0348 | 0.0346 | 0.0345 | 0.0344 | 0.0343 | 0.0342 | 0.0341 | 0.034 | 0.0339 | 0.0338 | 0.0337 | 0.0336 | 0.0335 | 0.0334 | 0.0333 | 0.1389 | 0.4062 |
| Solutions engineers and support | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0612 | 0.0607 | 0.0646 | 0.0643 | 0.064 | 0.0637 | 0.0634 | 0.0631 | 0.0672 | 0.0669 | 0.0666 | 0.0663 | 0.066 | 0.0658 | 0.0655 | 0.0652 | 0.2508 | 0.7838 |
| Customer success managers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0437 | 0.0434 | 0.043 | 0.0428 | 0.0426 | 0.0468 | 0.0466 | 0.0464 | 0.0462 | 0.046 | 0.0458 | 0.0456 | 0.0454 | 0.0452 | 0.045 | 0.0448 | 0.1729 | 0.5461 |
| Head of sales | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0117 | 0.0115 | 0.0114 | 0.0113 | 0.0113 | 0.0112 | 0.0111 | 0.0111 | 0.011 | 0.0109 | 0.0109 | 0.0108 | 0.0108 | 0.0107 | 0.0106 | 0.0106 | 0.0459 | 0.131 |
| Account executives (base salary) | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.0692 | 0.0684 | 0.0738 | 0.0734 | 0.0787 | 0.0783 | 0.0778 | 0.0773 | 0.0769 | 0.0764 | 0.076 | 0.0756 | 0.0751 | 0.0747 | 0.0743 | 0.2814 | 0.9143 |
| Sales development representatives | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.035 | 0.0346 | 0.0342 | 0.034 | 0.0338 | 0.0336 | 0.0334 | 0.0332 | 0.0389 | 0.0386 | 0.0383 | 0.0381 | 0.0379 | 0.0377 | 0.0375 | 0.0373 | 0.1378 | 0.4383 |
| Marketing | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0583 | 0.0577 | 0.057 | 0.0567 | 0.0563 | 0.056 | 0.0615 | 0.0611 | 0.0607 | 0.0604 | 0.06 | 0.0597 | 0.0594 | 0.059 | 0.0587 | 0.0583 | 0.2296 | 0.7112 |
| Founders and executives (CEO, COO) | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0093 | 0.0093 | 0.0092 | 0.0092 | 0.0092 | 0.0092 | 0.0092 | 0.0091 | 0.0091 | 0.0091 | 0.0091 | 0.0091 | 0.009 | 0.009 | 0.009 | 0.009 | 0.0371 | 0.109 |
| Finance, people and office | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.028 | 0.0279 | 0.0277 | 0.0277 | 0.0276 | 0.0275 | 0.0275 | 0.0274 | 0.0274 | 0.0273 | 0.0272 | 0.0295 | 0.0294 | 0.0294 | 0.0293 | 0.0292 | 0.1113 | 0.3387 |
| Hires in the month (planned and replacements; A: see headcount) | LEAVERS AND HIRES (forecast; fractional FTE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0.7812 | 0.2789 | 2.7803 | 0.7821 | 0.7809 | 1.2892 | 0.2909 | 0.7912 | 0.7951 | 0.2938 | 0.7941 | 0.2941 | 0.2929 | 0.2931 | 2.0601 | 9.4776 | |
| Planned hires in the month (hiring plan x scenario factor) | LEAVERS AND HIRES (forecast; fractional FTE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0.5 | 0 | 2.5 | 0.5 | 0.5 | 1 | 0 | 0.5 | 0.5 | 0 | 0.5 | 0 | 0 | 0 | 1.5 | 6 | |
| Hires in the month (actual, from the payroll) | LEAVERS AND HIRES (forecast; fractional FTE) | 1 | 2 | 3 | 2 | 1 | 1 | 0 | 0 | 0 | 1 | 0.7812 | 0.2789 | 2.7803 | 0.7821 | 0.7809 | 1.2892 | 0.2909 | 0.7912 | 0.7951 | 0.2938 | 0.7941 | 0.2941 | 0.2929 | 0.2931 | 12.0601 | 9.4776 | |
| RES: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 57,166.6667 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 64,952.2222 | 64,573.3343 | 64,387.212 | 64,201.0639 | 69,460.1946 | 69,246.562 | 69,033.6219 | 68,833.518 | 68,633.9583 | 68,434.9416 | 68,236.5022 | 68,038.6383 | 67,841.3482 | 67,644.6301 | 67,448.4825 | 67,252.9036 | 772,613.8325 | 820,105.3016 |
| MLE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 71,500 | 71,500 | 71,500 | 78,000 | 78,000 | 78,000 | 78,000 | 71,500 | 71,082.9167 | 73,918.2663 | 73,695.6181 | 73,473.0522 | 74,725.2554 | 74,508.6025 | 77,607.5513 | 77,372.7893 | 77,138.7648 | 76,915.144 | 76,692.143 | 76,469.7602 | 79,563.0224 | 79,322.5902 | 79,082.9119 | 78,853.6537 | 890,169.8533 | 928,252.1889 |
| ENG: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 75,833.3333 | 75,833.3333 | 81,666.6667 | 81,666.6667 | 75,833.3333 | 81,666.6667 | 81,666.6667 | 81,666.6667 | 81,190.2778 | 80,716.6678 | 80,484.015 | 80,251.3299 | 87,568.9932 | 87,297.614 | 87,027.1256 | 86,774.877 | 86,523.3082 | 89,247.4181 | 88,979.9015 | 88,713.2117 | 88,456.023 | 88,199.5542 | 87,943.8037 | 87,688.7949 | 958,475.6239 | 1,054,420.6251 |
| LEAD: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,067.7083 | 30,886.48 | 30,797.4547 | 30,708.4171 | 31,231.7576 | 31,141.1948 | 31,050.8953 | 30,960.8578 | 30,871.0812 | 30,781.565 | 30,692.3084 | 30,603.3106 | 30,514.5709 | 30,426.0884 | 30,337.8626 | 30,249.8925 | 373,460.0602 | 368,861.3851 |
| PRD: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 35,790 | 35,581.225 | 35,478.6679 | 35,376.0965 | 35,978.9848 | 35,874.6564 | 35,770.6314 | 35,666.9081 | 35,563.4856 | 35,460.3629 | 35,357.5393 | 35,255.0138 | 35,152.7856 | 35,050.8539 | 34,949.2177 | 34,847.8762 | 430,225.9893 | 424,928.3157 |
| SOL: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 26,000 | 26,000 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,067.9167 | 31,971.4891 | 31,824.4469 | 31,677.5301 | 32,171.0315 | 32,031.5516 | 31,892.6365 | 33,964.3242 | 33,807.2744 | 33,650.991 | 33,505.1388 | 33,359.8756 | 33,215.1998 | 33,071.1518 | 32,927.7287 | 32,784.9275 | 359,541.3827 | 396,381.8312 |
| CSM: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 18,666.6667 | 18,666.6667 | 18,666.6667 | 18,666.6667 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,129.1667 | 22,926.7865 | 22,828.2604 | 22,729.7032 | 25,463.7455 | 25,342.8088 | 25,222.4905 | 25,113.1976 | 25,004.3319 | 24,895.8924 | 24,787.9236 | 24,680.4232 | 24,573.3891 | 24,466.8191 | 24,360.7113 | 24,255.0636 | 259,613.9168 | 298,166.7968 |
| SALH: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,706.9444 | 10,582.0301 | 10,521.7675 | 10,461.4707 | 10,609.1717 | 10,548.0026 | 10,487.1883 | 10,426.7246 | 10,366.6095 | 10,306.841 | 10,247.4171 | 10,188.3358 | 10,129.5951 | 10,071.1931 | 10,013.1278 | 9,955.3973 | 128,938.8795 | 123,349.6037 |
| AE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 31,666.6667 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 37,556.6667 | 37,118.5056 | 40,073.7897 | 39,825.3427 | 43,598.7831 | 43,328.5696 | 43,060.0304 | 42,811.9897 | 42,565.2664 | 42,319.8552 | 42,075.8601 | 41,833.2725 | 41,592.0835 | 41,352.285 | 41,113.8691 | 40,876.8278 | 452,240.9712 | 506,528.6923 |
| SDR: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 10,000 | 10,000 | 9,883.3333 | 9,768.0278 | 9,712.4008 | 9,656.7422 | 9,793.0816 | 9,736.6178 | 9,680.4815 | 11,324.6689 | 11,249.3447 | 11,174.5718 | 11,110.2624 | 11,046.2638 | 10,982.5757 | 10,919.2555 | 10,856.3008 | 10,793.7089 | 139,020.5041 | 128,667.1333 |
| MKT: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 19,333.3333 | 19,333.3333 | 19,333.3333 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 23,884.7222 | 23,606.0671 | 23,471.6352 | 23,337.127 | 23,666.6139 | 25,995.1596 | 25,830.7386 | 25,667.4353 | 25,519.6203 | 25,372.5707 | 25,226.2841 | 25,080.8419 | 24,936.2387 | 24,792.4693 | 24,649.5287 | 24,507.4123 | 273,132.885 | 301,244.9133 |
| EXE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,224.4444 | 23,116.0637 | 23,062.6332 | 23,009.1979 | 23,414.8743 | 23,360.494 | 23,306.2402 | 23,252.1125 | 23,198.1105 | 23,144.2338 | 23,090.4823 | 23,036.8557 | 22,983.3536 | 22,929.9757 | 22,876.7218 | 22,823.5916 | 279,079.0059 | 277,417.0461 |
| GA: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 20,833.3333 | 20,833.3333 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 24,883.3333 | 24,767.2111 | 24,709.9641 | 24,652.7121 | 25,087.3654 | 25,029.1007 | 24,970.9717 | 24,912.9777 | 24,855.1184 | 24,797.3934 | 26,864.8025 | 26,797.4287 | 26,730.2346 | 26,668.1781 | 26,606.2539 | 26,544.4619 | 290,679.8873 | 309,864.2869 |
| RES: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MLE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ENG: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| LEAD: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PRD: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SOL: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0309 | 0.0309 | 0.0309 | 0.0309 | 0.0309 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.033 | 0.0323 | 0.033 |
| CSM: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0252 | 0.0252 | 0.0252 | 0.0252 | 0.0252 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0267 | 0.0261 | 0.0267 |
| SALH: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0721 | 0.0721 | 0.0721 | 0.0721 | 0.0721 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0774 | 0.0755 | 0.0774 |
| MKT: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0233 | 0.0233 | 0.0233 | 0.0233 | 0.0233 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.0244 | 0.024 | 0.0244 |
| EXE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0348 | 0.0348 | 0.0348 | 0.0348 | 0.0348 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0373 | 0.0364 | 0.0373 |
| RES: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MLE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ENG: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| LEAD: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PRD: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SOL: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 803.5688 | 803.5688 | 937.497 | 937.497 | 937.497 | 1,007.6727 | 1,007.6727 | 1,007.6727 | 998.8555 | 1,062.0922 | 1,057.2074 | 1,052.3268 | 1,062.3004 | 1,057.6947 | 1,053.1077 | 1,121.5156 | 1,116.3298 | 1,111.1693 | 1,106.3532 | 1,101.5565 | 1,096.7793 | 1,092.0227 | 1,087.2868 | 1,082.5715 | 11,613.1284 | 13,088.6875 |
| CSM: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 470.6945 | 470.6945 | 470.6945 | 470.6945 | 588.3681 | 625.5274 | 625.5274 | 625.5274 | 620.054 | 614.6285 | 611.9872 | 609.3451 | 679.0934 | 675.8681 | 672.6594 | 669.7446 | 666.8413 | 663.9493 | 661.0699 | 658.203 | 655.3485 | 652.5063 | 649.6766 | 646.859 | 6,803.743 | 7,951.8194 |
| SALH: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 961.6767 | 961.6767 | 961.6767 | 961.6767 | 961.6767 | 1,038.5634 | 778.9226 | 778.9226 | 769.8351 | 760.8537 | 756.5208 | 752.1854 | 758.0137 | 753.6432 | 749.2981 | 876.5631 | 870.7328 | 864.9451 | 859.9674 | 855.0137 | 850.0841 | 845.1829 | 840.31 | 835.4652 | 10,444.1872 | 9,959.2194 |
| MKT: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 449.7636 | 449.7636 | 449.7636 | 562.2046 | 562.2046 | 593.0496 | 593.0496 | 593.0496 | 586.1307 | 579.2925 | 575.9936 | 572.6927 | 578.1056 | 634.9851 | 630.9687 | 626.9797 | 623.369 | 619.777 | 616.2037 | 612.651 | 609.1187 | 605.6069 | 602.1153 | 598.6438 | 6,566.9584 | 7,358.5245 |
| EXE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 725.9235 | 725.9235 | 871.1082 | 871.1082 | 871.1082 | 939.3936 | 939.3936 | 939.3936 | 935.0097 | 930.6463 | 928.4952 | 926.3439 | 936.7911 | 934.6154 | 932.4448 | 930.2793 | 928.1187 | 925.9632 | 1,003.1626 | 1,000.6468 | 998.1377 | 995.8205 | 993.5081 | 991.2008 | 10,603.8474 | 11,570.6891 |
| RES: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 20,179.2558 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 22,927.4783 | 22,793.7347 | 22,728.0354 | 22,662.327 | 24,518.6757 | 24,443.2658 | 24,368.1003 | 24,297.4659 | 24,227.0235 | 24,156.7728 | 24,086.7259 | 24,016.8822 | 23,947.2409 | 23,877.8017 | 23,808.5637 | 23,739.5266 | 272,724.8779 | 289,488.045 | |
| MLE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 26,007.4925 | 26,007.4925 | 26,007.4925 | 28,371.81 | 28,371.81 | 28,371.81 | 28,371.81 | 26,007.4925 | 25,855.7821 | 26,887.1155 | 26,806.1292 | 26,725.1728 | 27,180.5543 | 27,101.749 | 28,228.9602 | 28,143.5679 | 28,058.4438 | 27,977.104 | 27,895.9897 | 27,815.1002 | 28,940.243 | 28,852.7882 | 28,765.6076 | 28,682.2173 | 323,791.4095 | 337,642.3252 | |
| ENG: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 28,040.2742 | 28,040.2742 | 30,197.2183 | 30,197.2183 | 28,040.2742 | 30,197.2183 | 30,197.2183 | 30,197.2183 | 30,021.0679 | 29,845.945 | 29,759.9189 | 29,673.8808 | 32,379.5477 | 32,279.2024 | 32,179.1865 | 32,085.915 | 31,992.8948 | 33,000.1628 | 32,901.2458 | 32,802.6344 | 32,707.5362 | 32,612.7042 | 32,518.1378 | 32,423.8456 | 354,407.7267 | 389,883.0134 | |
| LEAD: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,685.2114 | 10,622.881 | 10,592.2622 | 10,561.6392 | 10,741.6082 | 10,710.4607 | 10,679.4038 | 10,648.437 | 10,617.56 | 10,586.7725 | 10,556.0742 | 10,525.465 | 10,494.9446 | 10,464.5126 | 10,434.1689 | 10,403.9132 | 128,445.2538 | 126,863.3207 | |
| PRD: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,175.4174 | 13,098.5608 | 13,060.8063 | 13,023.0466 | 13,244.9384 | 13,206.532 | 13,168.2373 | 13,130.0536 | 13,091.9807 | 13,054.0182 | 13,016.1657 | 12,978.423 | 12,940.7898 | 12,903.2657 | 12,865.8504 | 12,828.5435 | 158,379.6312 | 156,428.7984 | |
| SOL: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 9,338.5562 | 9,338.5562 | 10,894.9822 | 10,894.9822 | 10,894.9822 | 10,824.8065 | 10,824.8065 | 10,824.8065 | 10,730.0895 | 11,409.4016 | 11,356.9279 | 11,304.4989 | 11,486.969 | 11,437.1664 | 11,387.5655 | 12,127.281 | 12,071.2049 | 12,015.4025 | 11,963.3245 | 11,911.457 | 11,859.7991 | 11,808.3654 | 11,757.1548 | 11,706.1664 | 128,637.3964 | 141,531.8565 | |
| CSM: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 6,705.4689 | 6,705.4689 | 6,705.4689 | 6,705.4689 | 8,381.8361 | 8,344.6768 | 8,344.6768 | 8,344.6768 | 8,271.6609 | 8,199.2838 | 8,164.0481 | 8,128.8012 | 9,110.075 | 9,066.8079 | 9,023.762 | 8,984.6607 | 8,945.7122 | 8,906.9162 | 8,868.2885 | 8,829.8285 | 8,791.5353 | 8,753.4081 | 8,715.4463 | 8,677.6491 | 93,001.5358 | 106,674.0897 | |
| SALH: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,668.9347 | 3,626.1304 | 3,605.4803 | 3,584.8185 | 3,635.4228 | 3,614.4621 | 3,593.623 | 3,572.904 | 3,552.3045 | 3,531.8237 | 3,511.4611 | 3,491.2158 | 3,471.0873 | 3,451.0748 | 3,431.1777 | 3,411.3953 | 44,183.3172 | 42,267.952 | |
| AE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 11,562.3708 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,712.9718 | 13,552.9871 | 14,632.0426 | 14,541.3278 | 15,919.057 | 15,820.395 | 15,722.3443 | 15,631.7781 | 15,541.693 | 15,452.0869 | 15,362.9979 | 15,274.4228 | 15,186.3584 | 15,098.8017 | 15,011.7498 | 14,925.1998 | 165,125.6152 | 184,946.8847 | |
| SDR: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,325.79 | 4,325.79 | 4,325.79 | 4,325.79 | 4,325.79 | 4,248.9032 | 3,186.6774 | 3,186.6774 | 3,149.4995 | 3,112.7554 | 3,095.0288 | 3,077.2923 | 3,125.5307 | 3,107.5099 | 3,089.5936 | 3,614.3476 | 3,590.3073 | 3,566.443 | 3,545.9182 | 3,525.4926 | 3,505.1662 | 3,484.9571 | 3,464.8646 | 3,444.888 | 44,685.7839 | 41,065.019 | |
| MKT: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 6,933.773 | 6,933.773 | 6,933.773 | 8,667.2163 | 8,667.2163 | 8,636.3712 | 8,636.3712 | 8,636.3712 | 8,535.6136 | 8,436.0314 | 8,387.9899 | 8,339.9211 | 8,460.3005 | 9,292.7051 | 9,233.9281 | 9,175.5507 | 9,122.7101 | 9,070.1431 | 9,017.8488 | 8,965.8563 | 8,914.1638 | 8,862.7694 | 8,811.6712 | 8,760.8677 | 97,744.4211 | 107,688.5149 | |
| EXE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,905.8547 | 7,868.9607 | 7,850.7724 | 7,832.5824 | 7,970.6623 | 7,952.1507 | 7,933.6821 | 7,915.2565 | 7,896.8737 | 7,878.5335 | 7,860.2359 | 7,841.9809 | 7,823.7682 | 7,805.5978 | 7,787.4697 | 7,769.3836 | 95,001.5436 | 94,435.595 | |
| GA: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,466.6307 | 7,466.6307 | 8,959.9568 | 8,959.9568 | 8,959.9568 | 8,891.6714 | 8,891.6714 | 8,891.6714 | 8,850.177 | 8,808.8762 | 8,788.5153 | 8,768.1526 | 8,928.5792 | 8,907.8429 | 8,887.1548 | 8,866.5147 | 8,845.9226 | 8,825.3784 | 9,561.1681 | 9,537.1898 | 9,513.2755 | 9,491.1896 | 9,469.1508 | 9,447.1591 | 103,703.8673 | 110,280.5254 | |
| RES: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,070.0173 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,896.6959 | 6,856.4652 | 6,836.7025 | 6,816.9371 | 7,375.4285 | 7,352.7446 | 7,330.1342 | 7,308.8867 | 7,287.6971 | 7,266.5651 | 7,245.4943 | 7,224.4847 | 7,203.5361 | 7,182.6481 | 7,161.8208 | 7,141.0538 | 82,036.9566 | 87,080.494 |
| MLE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,822.332 | 6,822.332 | 6,822.332 | 7,442.544 | 7,442.544 | 7,442.544 | 7,442.544 | 6,822.332 | 6,782.5351 | 7,053.0763 | 7,031.8318 | 7,010.5952 | 7,130.1734 | 7,109.5007 | 7,405.1978 | 7,382.7972 | 7,360.4669 | 7,339.1294 | 7,317.8509 | 7,296.6315 | 7,591.786 | 7,568.8443 | 7,545.9746 | 7,524.0991 | 84,937.5423 | 88,572.4518 |
| ENG: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,778.7027 | 6,778.7027 | 7,300.1413 | 7,300.1413 | 6,778.7027 | 7,300.1413 | 7,300.1413 | 7,300.1413 | 7,257.5572 | 7,215.2214 | 7,194.4247 | 7,173.6251 | 7,827.8732 | 7,803.6144 | 7,779.4352 | 7,756.8865 | 7,734.3985 | 7,977.9092 | 7,953.9956 | 7,930.156 | 7,907.1657 | 7,884.2397 | 7,861.3779 | 7,838.5824 | 85,677.6431 | 94,255.6344 |
| LEAD: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,580.5072 | 3,559.6209 | 3,549.3608 | 3,539.0994 | 3,599.4388 | 3,589.0014 | 3,578.5945 | 3,568.2177 | 3,557.871 | 3,547.5544 | 3,537.2676 | 3,527.0107 | 3,516.7835 | 3,506.5859 | 3,496.418 | 3,486.2795 | 43,040.7162 | 42,511.0229 |
| PRD: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,257.6774 | 3,238.6743 | 3,229.3393 | 3,220.0031 | 3,274.9295 | 3,265.4332 | 3,255.9644 | 3,246.5232 | 3,237.1093 | 3,227.7228 | 3,218.3634 | 3,209.0312 | 3,199.726 | 3,190.4478 | 3,181.1966 | 3,171.9721 | 39,160.03 | 38,678.4195 |
| SOL: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,795.192 | 1,795.192 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,076.0647 | 2,207.4985 | 2,197.3459 | 2,187.2019 | 2,221.3384 | 2,211.7076 | 2,202.1158 | 2,345.1613 | 2,334.3173 | 2,323.5263 | 2,313.4555 | 2,303.4254 | 2,293.4359 | 2,283.4897 | 2,273.5867 | 2,263.7266 | 24,824.839 | 27,369.2866 |
| CSM: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,394.3413 | 1,394.3413 | 1,394.3413 | 1,394.3413 | 1,742.9267 | 1,742.9267 | 1,742.9267 | 1,742.9267 | 1,727.6761 | 1,712.5589 | 1,705.1993 | 1,697.8374 | 1,902.1076 | 1,893.0737 | 1,884.0861 | 1,875.9221 | 1,867.79 | 1,859.6897 | 1,851.6246 | 1,843.5944 | 1,835.5991 | 1,827.6385 | 1,819.7124 | 1,811.8206 | 19,392.3437 | 22,272.6588 |
| SALH: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,247.5125 | 1,232.9582 | 1,225.9368 | 1,218.9113 | 1,236.1288 | 1,229.0017 | 1,221.9159 | 1,214.871 | 1,207.8667 | 1,200.9027 | 1,193.979 | 1,187.0951 | 1,180.2509 | 1,173.4462 | 1,166.6807 | 1,159.9542 | 15,023.2282 | 14,372.093 |
| AE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 2,977.5933 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,531.4257 | 3,490.2257 | 3,768.1089 | 3,744.7476 | 4,099.6192 | 4,074.2109 | 4,048.96 | 4,025.6366 | 4,002.437 | 3,979.3609 | 3,956.4179 | 3,933.6072 | 3,910.9281 | 3,888.3797 | 3,865.9613 | 3,843.6722 | 42,523.8853 | 47,629.1909 |
| SDR: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 601 | 601 | 593.9883 | 587.0585 | 583.7153 | 580.3702 | 588.5642 | 585.1707 | 581.7969 | 680.6126 | 676.0856 | 671.5918 | 667.7268 | 663.8805 | 660.0528 | 656.2473 | 652.4637 | 648.7019 | 8,355.1323 | 7,732.8947 |
| MKT: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,493.1147 | 1,493.1147 | 1,493.1147 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,844.6187 | 1,823.0982 | 1,812.716 | 1,802.3279 | 1,827.8153 | 2,007.6531 | 1,994.9546 | 1,982.3424 | 1,970.9263 | 1,959.5694 | 1,948.2715 | 1,937.0387 | 1,925.8707 | 1,914.7672 | 1,903.7276 | 1,892.7517 | 21,094.0715 | 23,265.6885 |
| EXE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,758.4774 | 2,745.6045 | 2,739.2583 | 2,732.9116 | 2,781.1125 | 2,774.6535 | 2,768.2095 | 2,761.7804 | 2,755.3663 | 2,748.9671 | 2,742.5827 | 2,736.2132 | 2,729.8584 | 2,723.5185 | 2,717.1932 | 2,710.8826 | 33,147.5372 | 32,950.3379 |
| GA: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,372.5267 | 1,372.5267 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,639.3459 | 1,631.6956 | 1,627.9241 | 1,624.1522 | 1,652.8383 | 1,648.9996 | 1,645.1699 | 1,641.349 | 1,637.5371 | 1,633.734 | 1,769.9417 | 1,765.5029 | 1,761.0759 | 1,756.9874 | 1,752.9077 | 1,748.8366 | 19,150.363 | 20,414.88 |
| RES: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,611.2079 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,647.7819 | 8,597.3366 | 8,572.5561 | 8,547.7722 | 9,247.9188 | 9,219.4758 | 9,191.125 | 9,164.4832 | 9,137.9139 | 9,111.4168 | 9,084.9966 | 9,058.6531 | 9,032.3859 | 9,006.1949 | 8,980.0798 | 8,954.0405 | 102,866.3181 | 109,188.6845 | |
| MLE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 10,139.9237 | 10,139.9237 | 10,139.9237 | 11,061.735 | 11,061.735 | 11,061.735 | 11,061.735 | 10,139.9237 | 10,080.7742 | 10,482.8753 | 10,451.3 | 10,419.7363 | 10,597.2424 | 10,566.5175 | 11,005.9983 | 10,972.7053 | 10,939.5168 | 10,907.8038 | 10,876.1787 | 10,844.6412 | 11,283.3155 | 11,249.2184 | 11,215.2281 | 11,182.7156 | 126,241.3208 | 131,641.0817 | |
| ENG: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 11,122.9246 | 11,122.9246 | 11,978.5342 | 11,978.5342 | 11,122.9246 | 11,978.5342 | 11,978.5342 | 11,978.5342 | 11,908.6594 | 11,839.1922 | 11,805.0676 | 11,770.9383 | 12,844.1618 | 12,804.3574 | 12,764.6835 | 12,727.685 | 12,690.7862 | 13,090.3444 | 13,051.1065 | 13,011.9898 | 12,974.2667 | 12,936.6492 | 12,899.1371 | 12,861.7337 | 140,585.3021 | 154,656.9015 | |
| LEAD: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,909.3001 | 3,886.4958 | 3,875.2936 | 3,864.0899 | 3,929.9224 | 3,918.5268 | 3,907.1643 | 3,895.8348 | 3,884.5381 | 3,873.2742 | 3,862.043 | 3,850.8443 | 3,839.6781 | 3,828.5442 | 3,817.4427 | 3,806.3733 | 46,993.0844 | 46,414.1861 | |
| PRD: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,202.4344 | 5,172.0869 | 5,157.1792 | 5,142.2694 | 5,229.8647 | 5,214.6996 | 5,199.5787 | 5,184.5016 | 5,169.4682 | 5,154.4784 | 5,139.532 | 5,124.6291 | 5,109.7693 | 5,094.9526 | 5,080.1789 | 5,065.448 | 62,537.6498 | 61,767.1009 | |
| SOL: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,239.935 | 4,239.935 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,903.3082 | 5,213.7321 | 5,189.7533 | 5,165.7949 | 5,246.2222 | 5,223.4768 | 5,200.8235 | 5,538.6595 | 5,513.049 | 5,487.5634 | 5,463.7789 | 5,440.0904 | 5,416.4977 | 5,393.0074 | 5,369.6189 | 5,346.332 | 58,632.0036 | 64,639.1197 | |
| CSM: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,959.0267 | 2,959.0267 | 2,959.0267 | 2,959.0267 | 3,698.7833 | 3,698.7833 | 3,698.7833 | 3,698.7833 | 3,666.419 | 3,634.3378 | 3,618.7195 | 3,603.0963 | 4,036.4578 | 4,017.2872 | 3,998.2146 | 3,980.8897 | 3,963.6326 | 3,946.443 | 3,929.328 | 3,912.2873 | 3,895.3205 | 3,878.4272 | 3,861.6072 | 3,844.8602 | 41,153.8126 | 47,264.7554 | |
| SALH: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,336.3473 | 1,320.7566 | 1,313.2352 | 1,305.7094 | 1,324.1376 | 1,316.503 | 1,308.9127 | 1,301.3662 | 1,293.8632 | 1,286.4035 | 1,278.9867 | 1,271.6128 | 1,264.2813 | 1,256.9921 | 1,249.7449 | 1,242.5396 | 16,093.0252 | 15,395.3436 | |
| AE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,526.3042 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,368.1967 | 5,305.5678 | 5,727.984 | 5,692.472 | 6,231.7856 | 6,193.1627 | 6,154.7791 | 6,119.3254 | 6,084.0601 | 6,048.9823 | 6,014.1069 | 5,979.4327 | 5,944.9583 | 5,910.6828 | 5,876.6048 | 5,842.7234 | 64,641.4798 | 72,400.6041 | |
| SDR: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 1,683.025 | 1,683.025 | 1,663.3897 | 1,643.9835 | 1,634.6213 | 1,625.2539 | 1,648.2001 | 1,638.6971 | 1,629.2492 | 1,905.9701 | 1,893.2928 | 1,880.7084 | 1,869.8849 | 1,859.1138 | 1,848.395 | 1,837.738 | 1,827.1426 | 1,816.6082 | 23,397.4984 | 21,655.0002 | |
| MKT: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,025.2283 | 3,025.2283 | 3,025.2283 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,737.4175 | 3,693.8143 | 3,672.7788 | 3,651.7313 | 3,703.2554 | 4,067.6167 | 4,041.8888 | 4,016.3358 | 3,993.2063 | 3,970.1965 | 3,947.3062 | 3,924.548 | 3,901.9211 | 3,879.4246 | 3,857.0579 | 3,834.8201 | 42,739.1039 | 47,137.5774 | |
| EXE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,856.3562 | 2,843.0265 | 2,836.4551 | 2,829.8832 | 2,879.7634 | 2,873.0753 | 2,866.4027 | 2,859.7456 | 2,853.1039 | 2,846.4777 | 2,839.8669 | 2,833.2714 | 2,826.6913 | 2,820.1264 | 2,813.5768 | 2,807.0424 | 34,323.7077 | 34,119.1437 | |
| GA: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,450.5271 | 3,450.5271 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,121.3095 | 4,102.0768 | 4,092.5952 | 4,083.1128 | 4,155.0617 | 4,145.4117 | 4,135.7841 | 4,126.179 | 4,116.5961 | 4,107.0355 | 4,449.4474 | 4,438.2887 | 4,427.1597 | 4,416.8817 | 4,406.6256 | 4,396.3914 | 48,143.9435 | 51,320.8624 | |
| RES: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,049.5548 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,601.0656 | 4,574.2261 | 4,561.0416 | 4,547.8553 | 4,920.4476 | 4,905.3142 | 4,890.2299 | 4,876.0549 | 4,861.9184 | 4,847.8204 | 4,833.7632 | 4,819.7469 | 4,805.7712 | 4,791.836 | 4,777.9412 | 4,764.0867 | 54,730.1821 | 58,094.9305 | |
| MLE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,551.5195 | 4,551.5195 | 4,551.5195 | 4,965.294 | 4,965.294 | 4,965.294 | 4,965.294 | 4,551.5195 | 4,524.969 | 4,705.4606 | 4,691.2873 | 4,677.1193 | 4,756.8959 | 4,743.1041 | 4,940.3785 | 4,925.4339 | 4,910.5363 | 4,896.3009 | 4,882.105 | 4,867.9484 | 5,064.8608 | 5,049.5553 | 5,034.2977 | 5,019.7035 | 56,666.0901 | 59,091.1203 | |
| ENG: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,522.4552 | 4,522.4552 | 4,870.3363 | 4,870.3363 | 4,522.4552 | 4,870.3363 | 4,870.3363 | 4,870.3363 | 4,841.926 | 4,813.6815 | 4,799.8068 | 4,785.9302 | 5,222.4161 | 5,206.2316 | 5,190.1003 | 5,175.0568 | 5,160.0538 | 5,322.5135 | 5,306.5594 | 5,290.6547 | 5,275.3165 | 5,260.0213 | 5,244.7689 | 5,229.5608 | 57,160.3917 | 62,883.2537 | |
| LEAD: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,388.6778 | 2,374.7438 | 2,367.899 | 2,361.0533 | 2,401.3077 | 2,394.3446 | 2,387.4018 | 2,380.4791 | 2,373.5765 | 2,366.6939 | 2,359.8312 | 2,352.9885 | 2,346.1656 | 2,339.3624 | 2,332.579 | 2,325.8153 | 28,713.9219 | 28,360.5455 | |
| PRD: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,173.3746 | 2,160.6966 | 2,154.4687 | 2,148.24 | 2,184.8844 | 2,178.5489 | 2,172.2318 | 2,165.933 | 2,159.6525 | 2,153.3902 | 2,147.1461 | 2,140.92 | 2,134.7121 | 2,128.5221 | 2,122.3501 | 2,116.1959 | 26,125.7959 | 25,804.4871 | |
| SOL: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,197.727 | 1,197.727 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,385.1214 | 1,472.8121 | 1,466.0384 | 1,459.2705 | 1,482.0459 | 1,475.6204 | 1,469.2209 | 1,564.6588 | 1,557.4239 | 1,550.2243 | 1,543.5052 | 1,536.8132 | 1,530.1484 | 1,523.5124 | 1,516.9052 | 1,510.3267 | 16,562.7854 | 18,260.4052 | |
| CSM: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 930.2713 | 930.2713 | 930.2713 | 930.2713 | 1,162.8392 | 1,162.8392 | 1,162.8392 | 1,162.8392 | 1,152.6643 | 1,142.5785 | 1,137.6684 | 1,132.7567 | 1,269.0409 | 1,263.0137 | 1,257.0174 | 1,251.5705 | 1,246.145 | 1,240.7407 | 1,235.3598 | 1,230.0023 | 1,224.668 | 1,219.3569 | 1,214.0688 | 1,208.8036 | 12,938.1099 | 14,859.7875 | |
| SALH: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 832.2569 | 822.5472 | 817.863 | 813.1761 | 824.6624 | 819.9077 | 815.1805 | 810.4806 | 805.8078 | 801.1619 | 796.5429 | 791.9504 | 787.3844 | 782.8448 | 778.3313 | 773.8438 | 10,022.4925 | 9,588.0987 | |
| AE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,986.5058 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,355.9959 | 2,328.5093 | 2,513.8995 | 2,498.314 | 2,735.0671 | 2,718.1159 | 2,701.2697 | 2,685.7094 | 2,670.2318 | 2,654.8365 | 2,639.5301 | 2,624.3119 | 2,609.1815 | 2,594.1383 | 2,579.1818 | 2,564.3116 | 28,369.8735 | 31,775.8857 | |
| SDR: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 401 | 401 | 396.3217 | 391.6979 | 389.4673 | 387.2354 | 392.7026 | 390.4384 | 388.1873 | 454.1192 | 451.0987 | 448.1003 | 445.5215 | 442.9552 | 440.4013 | 437.8621 | 435.3377 | 432.8277 | 5,574.7222 | 5,159.552 | |
| MKT: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 996.1647 | 996.1647 | 996.1647 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,230.6784 | 1,216.3205 | 1,209.3938 | 1,202.4632 | 1,219.4676 | 1,339.4504 | 1,330.9783 | 1,322.5638 | 1,314.9474 | 1,307.3703 | 1,299.8326 | 1,292.3385 | 1,284.8875 | 1,277.4795 | 1,270.1142 | 1,262.7914 | 14,073.3791 | 15,522.2216 | |
| EXE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,840.2675 | 1,831.6796 | 1,827.4458 | 1,823.2117 | 1,855.3681 | 1,851.059 | 1,846.76 | 1,842.471 | 1,838.192 | 1,833.9228 | 1,829.6636 | 1,825.4143 | 1,821.1749 | 1,816.9453 | 1,812.7255 | 1,808.5155 | 22,113.7699 | 21,982.212 | |
| GA: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 915.7392 | 915.7392 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,093.7589 | 1,088.6547 | 1,086.1383 | 1,083.6218 | 1,102.7609 | 1,100.1998 | 1,097.6446 | 1,095.0954 | 1,092.5521 | 1,090.0146 | 1,180.8914 | 1,177.9298 | 1,174.9762 | 1,172.2484 | 1,169.5264 | 1,166.8102 | 12,776.974 | 13,620.6498 | |
| RES: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 6,598.8615 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,497.5636 | 7,453.8278 | 7,432.3434 | 7,410.8559 | 8,017.9292 | 7,993.2692 | 7,968.689 | 7,945.5907 | 7,922.5551 | 7,899.5822 | 7,876.6759 | 7,853.8361 | 7,831.0625 | 7,808.3549 | 7,785.7132 | 7,763.1372 | 89,184.3445 | 94,666.3952 |
| MLE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 7,061.4925 | 7,061.4925 | 7,061.4925 | 7,703.4463 | 7,703.4463 | 7,703.4463 | 7,703.4463 | 7,061.4925 | 7,020.3004 | 7,300.3256 | 7,278.3364 | 7,256.3553 | 7,380.0272 | 7,358.6301 | 7,664.6889 | 7,641.5033 | 7,618.3906 | 7,596.3053 | 7,574.2812 | 7,552.3182 | 7,857.8155 | 7,834.0699 | 7,810.3987 | 7,787.7567 | 87,915.0728 | 91,676.1855 |
| ENG: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 6,858.3498 | 6,858.3498 | 7,385.9152 | 7,385.9152 | 6,858.3498 | 7,385.9152 | 7,385.9152 | 7,385.9152 | 7,342.8307 | 7,299.9975 | 7,278.9565 | 7,257.9125 | 7,919.7222 | 7,895.1788 | 7,870.7158 | 7,847.9025 | 7,825.1507 | 8,071.5186 | 8,047.3245 | 8,023.2051 | 7,999.945 | 7,976.75 | 7,953.62 | 7,930.5571 | 86,684.3226 | 95,361.5904 |
| LEAD: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,617.8869 | 4,590.9492 | 4,577.7165 | 4,564.482 | 4,642.2717 | 4,628.8105 | 4,615.3884 | 4,602.0053 | 4,588.661 | 4,575.3553 | 4,562.0883 | 4,548.8597 | 4,535.6695 | 4,522.5175 | 4,509.4036 | 4,496.3278 | 55,510.8956 | 54,827.3586 |
| PRD: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,237.7331 | 3,218.8464 | 3,209.5686 | 3,200.2895 | 3,254.8304 | 3,245.3923 | 3,235.9817 | 3,226.5984 | 3,217.2423 | 3,207.9134 | 3,198.6114 | 3,189.3365 | 3,180.0885 | 3,170.8672 | 3,161.6727 | 3,152.5049 | 38,920.2833 | 38,441.0397 |
| SOL: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,704.2514 | 1,704.2514 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,970.8958 | 2,095.6714 | 2,086.0331 | 2,076.4029 | 2,108.7517 | 2,099.6091 | 2,090.5034 | 2,226.2987 | 2,216.0044 | 2,205.7603 | 2,196.2 | 2,186.6783 | 2,177.195 | 2,167.7529 | 2,158.3518 | 2,148.9915 | 23,567.2661 | 25,982.0973 |
| CSM: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,377.8306 | 1,377.8306 | 1,377.8306 | 1,377.8306 | 1,722.2882 | 1,722.2882 | 1,722.2882 | 1,722.2882 | 1,707.2182 | 1,692.28 | 1,685.0076 | 1,677.7329 | 1,879.5395 | 1,870.6129 | 1,861.7319 | 1,853.6648 | 1,845.6291 | 1,837.6249 | 1,829.6555 | 1,821.7207 | 1,813.8202 | 1,805.954 | 1,798.122 | 1,790.3239 | 19,162.7139 | 22,008.3994 |
| SALH: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,591.8134 | 1,573.2423 | 1,564.283 | 1,555.3186 | 1,577.2776 | 1,568.1836 | 1,559.1422 | 1,550.153 | 1,541.2156 | 1,532.3298 | 1,523.4952 | 1,514.7115 | 1,505.9784 | 1,497.2957 | 1,488.6631 | 1,480.0802 | 19,169.4875 | 18,338.526 |
| AE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,126.7343 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,708.3069 | 3,665.0433 | 3,956.845 | 3,932.3136 | 4,304.9002 | 4,278.2196 | 4,251.7043 | 4,227.213 | 4,202.8518 | 4,178.6202 | 4,154.5284 | 4,130.5755 | 4,106.7607 | 4,083.0833 | 4,059.5423 | 4,036.1371 | 44,653.8113 | 50,014.1366 |
| SDR: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 656.072 | 656.072 | 656.072 | 656.072 | 656.072 | 656.072 | 492.054 | 492.054 | 486.3134 | 480.6397 | 477.9026 | 475.1639 | 481.8725 | 479.0942 | 476.332 | 557.2349 | 553.5285 | 549.8493 | 546.6849 | 543.5358 | 540.402 | 537.2863 | 534.1886 | 531.1088 | 6,840.5595 | 6,331.1178 |
| MKT: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,427.6516 | 1,427.6516 | 1,427.6516 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,763.7446 | 1,743.1675 | 1,733.2405 | 1,723.3079 | 1,747.6391 | 1,919.5884 | 1,907.4468 | 1,895.3879 | 1,884.4726 | 1,873.6139 | 1,862.8115 | 1,852.0714 | 1,841.3933 | 1,830.7768 | 1,820.2215 | 1,809.727 | 20,169.2377 | 22,245.1502 |
| EXE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,837.9087 | 3,819.9984 | 3,811.1689 | 3,802.3385 | 3,869.3782 | 3,860.3917 | 3,851.4261 | 3,842.4813 | 3,833.5573 | 3,824.6541 | 3,815.7715 | 3,806.9095 | 3,798.0681 | 3,789.2473 | 3,780.4469 | 3,771.667 | 46,118.6374 | 45,843.9991 |
| GA: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,364.8529 | 1,364.8529 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,630.1803 | 1,622.5728 | 1,618.8223 | 1,615.0716 | 1,643.5476 | 1,639.7305 | 1,635.9223 | 1,632.1229 | 1,628.3324 | 1,624.5506 | 1,759.9927 | 1,755.5789 | 1,751.1768 | 1,747.1113 | 1,743.0544 | 1,739.0063 | 19,043.2933 | 20,300.1266 |
| RES: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 880 | 874.8667 | 869.7633 | 867.2563 | 864.749 | 940.1725 | 937.2809 | 934.3987 | 931.6902 | 928.9891 | 926.2953 | 923.6093 | 920.9311 | 918.2607 | 915.5981 | 912.9431 | 910.2959 | 10,406.6353 | 11,100.4649 |
| MLE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 1,210 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 1,210 | 1,202.9417 | 1,250.9245 | 1,247.1566 | 1,243.3901 | 1,270.7802 | 1,267.0958 | 1,319.7966 | 1,315.8042 | 1,311.8244 | 1,308.0215 | 1,304.2291 | 1,300.4473 | 1,353.0514 | 1,348.9626 | 1,344.8866 | 1,340.9879 | 15,064.4129 | 15,785.8875 |
| ENG: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 1,430 | 1,430 | 1,540 | 1,540 | 1,430 | 1,540 | 1,540 | 1,540 | 1,531.0167 | 1,522.0857 | 1,517.6986 | 1,513.3108 | 1,659.3956 | 1,654.2531 | 1,649.1275 | 1,644.3475 | 1,639.5803 | 1,691.2011 | 1,686.1317 | 1,681.0781 | 1,676.2045 | 1,671.3445 | 1,666.4981 | 1,661.6658 | 18,074.1118 | 19,980.8278 |
| LEAD: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 330 | 330 | 330 | 330 | 330 | 330 | 330 | 330 | 328.075 | 326.1612 | 325.2211 | 324.2809 | 331.4241 | 330.463 | 329.5048 | 328.5493 | 327.5967 | 326.6467 | 325.6996 | 324.7551 | 323.8134 | 322.8745 | 321.9383 | 321.0047 | 3,943.7382 | 3,914.2702 |
| PRD: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 656.15 | 652.3225 | 650.4422 | 648.5618 | 662.8481 | 660.9261 | 659.0096 | 657.0987 | 655.1933 | 653.2935 | 651.3991 | 649.5103 | 647.6269 | 645.749 | 643.8765 | 642.0095 | 7,887.4765 | 7,828.5405 |
| SOL: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 660 | 660 | 770 | 770 | 770 | 770 | 770 | 770 | 763.2625 | 811.584 | 807.8513 | 804.1219 | 820.6524 | 817.0944 | 813.5509 | 866.3976 | 862.3914 | 858.4048 | 854.6843 | 850.9787 | 847.2882 | 843.6137 | 839.9551 | 836.3123 | 9,126.8197 | 10,111.3239 |
| CSM: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 440 | 550 | 550 | 550 | 550 | 545.1875 | 540.4171 | 538.0947 | 535.7716 | 603.1591 | 600.2945 | 597.4445 | 594.8557 | 592.277 | 589.7084 | 587.1509 | 584.6046 | 582.0692 | 579.5449 | 577.0316 | 574.5291 | 6,119.4709 | 7,062.6694 |
| SALH: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 108.7167 | 107.4483 | 106.8364 | 106.2242 | 108.252 | 107.6278 | 107.0073 | 106.3903 | 105.7769 | 105.1671 | 104.5607 | 103.9579 | 103.3585 | 102.7626 | 102.1701 | 101.5811 | 1,309.2255 | 1,258.6125 |
| AE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 550 | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 652.3 | 644.6898 | 696.0185 | 691.7033 | 760.954 | 756.2378 | 751.5508 | 747.2216 | 742.9154 | 738.6321 | 734.3736 | 730.1395 | 725.9299 | 721.7446 | 717.5834 | 713.4462 | 7,854.7116 | 8,840.7291 |
| SDR: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 440 | 440 | 440 | 330 | 330 | 326.15 | 322.3449 | 320.5092 | 318.6725 | 324.7559 | 322.8834 | 321.0219 | 375.546 | 373.0481 | 370.5685 | 368.4359 | 366.3136 | 364.2016 | 362.1018 | 360.0141 | 357.9384 | 4,587.6766 | 4,266.8292 |
| MKT: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 550 | 550 | 550 | 550 | 550 | 543.5833 | 537.2415 | 534.182 | 531.1208 | 541.2598 | 594.514 | 590.7537 | 587.0189 | 583.6384 | 580.2753 | 576.9297 | 573.6034 | 570.2963 | 567.0083 | 563.7392 | 560.489 | 6,216.1277 | 6,889.5262 |
| EXE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 218.9733 | 217.9515 | 217.4477 | 216.9439 | 221.851 | 221.3358 | 220.8217 | 220.3089 | 219.7972 | 219.2868 | 218.7775 | 218.2694 | 217.7624 | 217.2567 | 216.7521 | 216.2487 | 2,631.3163 | 2,628.4682 |
| GA: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 550 | 550 | 660 | 660 | 660 | 660 | 660 | 660 | 656.92 | 653.8544 | 652.3431 | 650.8316 | 665.553 | 664.0073 | 662.4652 | 660.9266 | 659.3917 | 657.8603 | 712.7074 | 710.92 | 709.1374 | 707.4911 | 705.8483 | 704.209 | 7,673.949 | 8,220.5173 |
| RES: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 75,074.3458 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,298.7568 | 84,801.1807 | 84,556.7549 | 84,312.2952 | 91,218.8689 | 90,938.3152 | 90,658.6708 | 90,395.8836 | 90,133.811 | 89,872.4516 | 89,611.8502 | 89,352.0047 | 89,092.9127 | 88,834.5719 | 88,576.9803 | 88,320.1356 | 1,014,638.1003 | 1,077,006.4565 |
| MLE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 73,030.8772 | 73,030.8772 | 73,030.8772 | 79,670.0478 | 79,670.0478 | 79,670.0478 | 79,670.0478 | 73,030.8772 | 72,604.8637 | 75,500.9207 | 75,273.5053 | 75,046.1741 | 76,325.1881 | 76,103.8966 | 79,269.1966 | 79,029.408 | 78,790.3729 | 78,561.9642 | 78,334.1885 | 78,107.0443 | 81,266.536 | 81,020.9559 | 80,776.1459 | 80,541.9791 | 909,229.1636 | 948,126.8761 |
| ENG: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 38,728.3086 | 38,728.3086 | 41,707.4092 | 41,707.4092 | 38,728.3086 | 41,707.4092 | 41,707.4092 | 41,707.4092 | 41,464.116 | 41,222.242 | 41,103.4255 | 40,984.5925 | 44,721.745 | 44,583.1508 | 44,445.0116 | 44,316.1874 | 44,187.7105 | 45,578.9215 | 45,442.3 | 45,306.1008 | 45,174.7537 | 45,043.7743 | 44,913.1618 | 44,782.928 | 489,496.3478 | 538,495.7455 |
| LEAD: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,133.3707 | 18,027.5927 | 17,975.6311 | 17,923.6623 | 18,229.1218 | 18,176.2628 | 18,123.5575 | 18,071.005 | 18,018.6049 | 17,966.3567 | 17,914.2601 | 17,862.3145 | 17,810.5196 | 17,758.8748 | 17,707.3798 | 17,656.0341 | 217,978.4121 | 215,294.2915 |
| PRD: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,222.3095 | 5,191.846 | 5,176.8814 | 5,161.9146 | 5,249.8853 | 5,234.6622 | 5,219.4833 | 5,204.3485 | 5,189.2576 | 5,174.2104 | 5,159.2068 | 5,144.2468 | 5,129.3301 | 5,114.4567 | 5,099.6265 | 5,084.8392 | 62,776.5651 | 62,003.5534 |
| SOL: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CSM: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SALH: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MKT: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EXE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research and development: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 40 | 41 | 42 | 43 | 42 | 43 | 43 | 42 | 41.755 | 42.0114 | 41.8889 | 41.7663 | 43.1452 | 43.0157 | 43.3866 | 43.2593 | 43.1324 | 43.5074 | 43.3798 | 43.2525 | 43.6271 | 43.4991 | 43.3716 | 43.2458 | 41.7663 | 43.2458 | |
| Research and development: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 271,356.79 | 279,644.1 | 284,994.22 | 293,129.64 | 286,465.73 | 292,350.55 | 292,577.46 | 286,745.35 | 284,083.125 | 285,675.9734 | 284,842.9678 | 284,009.9596 | 298,965.1855 | 298,068.6298 | 300,489.8257 | 299,608.9502 | 298,730.5982 | 300,839.4317 | 299,958.3944 | 299,079.9347 | 301,527.7501 | 300,643.7169 | 299,762.2783 | 298,893.121 | 3,425,875.8658 | 3,596,567.8163 | |
| Research and development: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 98,305.61 | 101,080.11 | 103,127.91 | 105,634.79 | 103,675.59 | 105,575.49 | 105,687.75 | 103,217.21 | 102,664.9571 | 103,248.237 | 102,947.152 | 102,646.0664 | 108,065.3242 | 107,741.2099 | 108,623.8882 | 108,305.4394 | 107,987.9028 | 108,774.8303 | 108,456.2013 | 108,138.5049 | 109,030.7545 | 108,711.0724 | 108,392.3284 | 108,078.0462 | 1,237,810.8725 | 1,300,305.5025 | |
| Research and development: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Research and development: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 26,523.58 | 27,503.35 | 27,822.05 | 28,599.6 | 27,957.74 | 28,480.84 | 28,574.6 | 27,930.34 | 27,774.9727 | 27,923.058 | 27,841.6592 | 27,760.2598 | 29,207.8434 | 29,120.2943 | 29,349.3262 | 29,263.3113 | 29,177.5429 | 29,358.8807 | 29,272.9719 | 29,187.3141 | 29,418.9972 | 29,332.7659 | 29,246.7878 | 29,161.9869 | 334,692.0496 | 351,098.0226 | |
| Research and development: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,400 | 4,510 | 4,620 | 4,730 | 4,620 | 4,730 | 4,730 | 4,620 | 4,593.05 | 4,621.2572 | 4,607.7749 | 4,594.2926 | 4,864.6205 | 4,850.0189 | 4,891.8371 | 4,877.4899 | 4,863.1837 | 4,905.458 | 4,891.0689 | 4,876.7219 | 4,918.957 | 4,904.5287 | 4,890.1427 | 4,875.9638 | 55,376.3747 | 58,609.9909 | |
| Research and development: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 38,039.25 | 39,126.57 | 39,982.18 | 40,903.99 | 40,048.38 | 40,903.99 | 40,903.99 | 39,982.18 | 39,748.95 | 39,977.9867 | 39,861.3965 | 39,744.8061 | 41,849.1101 | 41,723.5771 | 42,068.5498 | 41,945.2099 | 41,822.2232 | 42,137.3176 | 42,013.8568 | 41,890.7575 | 42,239.4155 | 42,115.5593 | 41,992.0666 | 41,870.3112 | 479,223.6694 | 503,667.9547 | |
| Research and development: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 17,712.35 | 18,290.86 | 18,638.74 | 19,052.51 | 18,704.63 | 19,052.51 | 19,052.51 | 18,638.74 | 18,530.013 | 18,628.8085 | 18,574.5035 | 18,520.1981 | 19,485.9517 | 19,427.5435 | 19,580.3423 | 19,522.9577 | 19,465.7374 | 19,586.7189 | 19,529.405 | 19,472.2585 | 19,626.8261 | 19,569.297 | 19,511.9369 | 19,455.3622 | 223,396.3731 | 234,234.3371 | |
| Research and development: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 28,420.42 | 29,363.11 | 29,890.68 | 30,532.63 | 30,005.07 | 30,532.63 | 30,532.63 | 29,890.68 | 29,716.3148 | 29,863.9465 | 29,776.9213 | 29,689.8952 | 31,214.7806 | 31,121.2808 | 31,355.464 | 31,263.6002 | 31,171.9996 | 31,350.6748 | 31,258.9814 | 31,167.5556 | 31,404.5809 | 31,312.5595 | 31,220.8083 | 31,130.2836 | 358,214.9278 | 374,972.5694 | |
| Research and development: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 187,184.77 | 192,863.56 | 196,482.62 | 202,640.51 | 197,707.65 | 201,861.42 | 202,088.33 | 198,233.75 | 196,087.8472 | 197,205.2316 | 196,630.1465 | 196,055.0602 | 206,415.3431 | 205,796.2284 | 207,485.4696 | 206,877.1825 | 206,270.6379 | 207,764.7204 | 207,156.1513 | 206,549.3631 | 208,256.9276 | 207,646.3009 | 207,037.4665 | 206,437.164 | 2,365,040.8955 | 2,483,692.9551 | |
| Solutions, support and customer success: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 12 | 11.895 | 12.2909 | 12.2359 | 12.1808 | 12.628 | 12.5711 | 12.5144 | 12.9601 | 12.9017 | 12.8436 | 12.7879 | 12.7324 | 12.6772 | 12.6222 | 12.5675 | 12.513 | 12.1808 | 12.513 | |
| Solutions, support and customer success: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 44,731.88 | 44,644.94 | 48,929.27 | 49,028.66 | 53,697.65 | 53,568.65 | 53,627.56 | 53,606.43 | 53,197.0833 | 54,898.2755 | 54,652.7073 | 54,407.2333 | 57,634.777 | 57,374.3604 | 57,115.127 | 59,077.5218 | 58,811.6063 | 58,546.8834 | 58,293.0624 | 58,040.2989 | 57,788.5889 | 57,537.9709 | 57,288.4399 | 57,039.9911 | 618,990.3395 | 694,548.628 | |
| Solutions, support and customer success: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 16,001.64 | 16,049.25 | 17,545.79 | 17,665.12 | 19,286.37 | 19,168.16 | 19,180.91 | 19,215.38 | 19,001.7503 | 19,608.6855 | 19,520.976 | 19,433.3001 | 20,597.044 | 20,503.9743 | 20,411.3275 | 21,111.9417 | 21,016.9171 | 20,922.3186 | 20,831.6131 | 20,741.2855 | 20,651.3344 | 20,561.7735 | 20,472.6011 | 20,383.8154 | 221,677.3319 | 248,205.9462 | |
| Solutions, support and customer success: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,274.26 | 1,274.26 | 1,408.19 | 1,408.19 | 1,525.87 | 1,633.2 | 1,633.2 | 1,633.2 | 1,618.9095 | 1,676.7207 | 1,669.1946 | 1,661.6719 | 1,741.3938 | 1,733.5629 | 1,725.7671 | 1,791.2603 | 1,783.1711 | 1,775.1186 | 1,767.4231 | 1,759.7595 | 1,752.1277 | 1,744.5291 | 1,736.9634 | 1,729.4305 | 18,416.8668 | 21,040.5069 | |
| Solutions, support and customer success: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 3,190.8 | 3,194.07 | 3,487.66 | 3,490.78 | 3,834.33 | 3,836.43 | 3,828.49 | 3,834.7 | 3,803.7408 | 3,920.0574 | 3,902.5452 | 3,885.0393 | 4,123.4459 | 4,104.7814 | 4,086.202 | 4,221.0834 | 4,202.1073 | 4,183.216 | 4,165.0801 | 4,147.0199 | 4,129.035 | 4,111.1282 | 4,093.299 | 4,075.5472 | 44,208.6426 | 49,641.9454 | |
| Solutions, support and customer success: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,100 | 1,100 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 1,308.45 | 1,352.0011 | 1,345.9461 | 1,339.8935 | 1,423.8115 | 1,417.3889 | 1,410.9953 | 1,461.2533 | 1,454.6684 | 1,448.1132 | 1,441.8352 | 1,435.5833 | 1,429.3574 | 1,423.1586 | 1,416.9866 | 1,410.8414 | 15,246.2906 | 17,173.9933 | |
| Solutions, support and customer success: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 7,198.96 | 7,198.96 | 7,905.62 | 7,905.62 | 8,645.37 | 8,645.37 | 8,645.37 | 8,645.37 | 8,569.7271 | 8,848.0699 | 8,808.4728 | 8,768.8913 | 9,282.68 | 9,240.764 | 9,199.0381 | 9,519.5493 | 9,476.6816 | 9,434.0064 | 9,393.1069 | 9,352.3777 | 9,311.8182 | 9,271.4346 | 9,231.2262 | 9,191.1922 | 99,785.8012 | 111,903.8751 | |
| Solutions, support and customer success: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 2,128 | 2,128 | 2,327.62 | 2,327.62 | 2,560.19 | 2,560.19 | 2,560.19 | 2,560.19 | 2,537.7857 | 2,615.3907 | 2,603.7068 | 2,592.0272 | 2,751.0868 | 2,738.6341 | 2,726.2383 | 2,816.2293 | 2,803.5689 | 2,790.9649 | 2,778.865 | 2,766.8155 | 2,754.8164 | 2,742.8693 | 2,730.974 | 2,719.1303 | 29,500.9103 | 33,120.1927 | |
| Solutions, support and customer success: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 3,082.08 | 3,082.08 | 3,366.12 | 3,366.12 | 3,710.58 | 3,710.58 | 3,710.58 | 3,710.58 | 3,678.114 | 3,787.9514 | 3,771.0407 | 3,754.1358 | 3,988.2913 | 3,970.222 | 3,952.2354 | 4,079.9635 | 4,061.6335 | 4,043.3853 | 4,025.8555 | 4,008.3989 | 3,991.0152 | 3,973.707 | 3,956.4738 | 3,939.3153 | 42,729.9619 | 47,990.4967 | |
| Solutions, support and customer success: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 32,322.84 | 32,235.9 | 35,329.91 | 35,429.3 | 38,781.51 | 38,652.51 | 38,711.42 | 38,690.29 | 38,411.4565 | 39,646.8635 | 39,469.487 | 39,292.1791 | 41,612.719 | 41,424.7403 | 41,237.6152 | 42,661.7797 | 42,469.7223 | 42,278.5268 | 42,095.235 | 41,912.7067 | 41,730.9391 | 41,549.96 | 41,369.766 | 41,190.3534 | 446,973.666 | 501,534.0635 | |
| Sales and marketing: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 14 | 15 | 15 | 16 | 16 | 16 | 15 | 15 | 14.825 | 14.652 | 15.0686 | 14.9793 | 15.39 | 15.7983 | 15.7014 | 16.108 | 16.0122 | 15.917 | 15.8253 | 15.7341 | 15.6433 | 15.5531 | 15.4635 | 15.3743 | 14.9793 | 15.3743 | |
| Sales and marketing: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 75,446.95 | 81,502.72 | 81,398.84 | 86,372.25 | 86,271.42 | 86,334.25 | 82,709.59 | 82,918.92 | 82,031.6667 | 81,074.6306 | 83,779.5932 | 83,280.6827 | 87,667.6502 | 89,608.3496 | 89,058.4389 | 90,230.8184 | 89,700.8409 | 89,173.8386 | 88,659.8236 | 88,148.7139 | 87,640.493 | 87,135.2029 | 86,632.8263 | 86,133.3462 | 993,121.5131 | 1,059,790.3426 | |
| Sales and marketing: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 26,631.89 | 28,865.77 | 28,843.65 | 30,672.06 | 30,602.95 | 30,487.31 | 29,428.75 | 29,363.32 | 29,067.0195 | 28,727.9043 | 29,720.5417 | 29,543.3596 | 31,140.311 | 31,835.072 | 31,639.489 | 31,994.5804 | 31,807.0149 | 31,620.4968 | 31,438.226 | 31,256.9876 | 31,076.7757 | 30,897.6029 | 30,719.4633 | 30,542.3508 | 351,954.5251 | 375,968.3705 | |
| Sales and marketing: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,411.44 | 1,411.44 | 1,411.44 | 1,523.88 | 1,523.88 | 1,631.61 | 1,371.97 | 1,371.97 | 1,355.9658 | 1,340.1462 | 1,332.5144 | 1,324.8782 | 1,336.1192 | 1,388.6283 | 1,380.2668 | 1,503.5428 | 1,494.1018 | 1,484.7222 | 1,476.1711 | 1,467.6647 | 1,459.2028 | 1,450.7898 | 1,442.4253 | 1,434.109 | 17,011.1346 | 17,317.7439 | |
| Sales and marketing: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,538.52 | 7,124.55 | 7,120.81 | 7,495.61 | 7,494.91 | 7,525.81 | 7,298.54 | 7,283.75 | 7,217.5453 | 7,133.3406 | 7,390.477 | 7,346.3571 | 7,752.1276 | 7,896.0364 | 7,847.6274 | 7,903.4625 | 7,857.3157 | 7,811.4248 | 7,766.3951 | 7,721.6215 | 7,677.1025 | 7,632.8403 | 7,588.8333 | 7,545.08 | 86,970.22 | 92,999.8671 | |
| Sales and marketing: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,540 | 1,650 | 1,650 | 1,760 | 1,760 | 1,760 | 1,650 | 1,650 | 1,630.75 | 1,611.7246 | 1,657.5461 | 1,647.7208 | 1,735.2216 | 1,781.2631 | 1,770.3337 | 1,816.1769 | 1,805.3789 | 1,794.6431 | 1,784.2999 | 1,774.0145 | 1,763.7864 | 1,753.6173 | 1,743.5069 | 1,733.4547 | 19,967.7415 | 21,255.6969 | |
| Sales and marketing: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 11,147.69 | 12,052.95 | 12,052.95 | 12,809.26 | 12,809.26 | 12,809.26 | 12,248.25 | 12,248.25 | 12,105.3513 | 11,964.1222 | 12,348.6193 | 12,275.1666 | 12,907.3787 | 13,215.9796 | 13,134.8299 | 13,342.9975 | 13,264.4224 | 13,186.2907 | 13,110.2848 | 13,034.7072 | 12,959.5557 | 12,884.8375 | 12,810.5502 | 12,736.6912 | 146,871.1293 | 156,588.5253 | |
| Sales and marketing: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,359.42 | 4,756.72 | 4,756.72 | 5,005.76 | 5,005.76 | 5,005.76 | 4,872.09 | 4,872.09 | 4,815.2529 | 4,759.075 | 4,930.6235 | 4,901.1886 | 5,171.8997 | 5,267.9124 | 5,235.6159 | 5,272.8731 | 5,242.0857 | 5,211.4691 | 5,181.4271 | 5,151.556 | 5,121.8547 | 5,092.3247 | 5,062.965 | 5,033.7746 | 58,040.46 | 62,045.758 | |
| Sales and marketing: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,821.06 | 7,446.41 | 7,446.41 | 7,803.32 | 7,803.32 | 7,803.32 | 7,639.3 | 7,639.3 | 7,550.1782 | 7,462.0928 | 7,732.2711 | 7,686.104 | 8,111.6894 | 8,245.0857 | 8,194.6254 | 8,229.9888 | 8,182.0686 | 8,134.4131 | 8,087.5199 | 8,040.8942 | 7,994.5345 | 7,948.4422 | 7,902.6155 | 7,857.0531 | 90,833.0861 | 96,928.9305 | |
| Sales and marketing: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 53,118.78 | 57,246.64 | 57,142.76 | 60,753.91 | 60,653.08 | 60,715.91 | 57,949.95 | 58,159.28 | 57,560.8843 | 56,889.3406 | 58,768.0793 | 58,418.2235 | 61,476.6824 | 62,879.3719 | 62,493.3678 | 63,384.959 | 63,012.2642 | 62,641.6657 | 62,280.5919 | 61,921.5565 | 61,564.5481 | 61,209.5985 | 60,856.6956 | 60,505.8273 | 697,376.8377 | 744,227.1289 | |
| General and administrative: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7.9627 | 7.9255 | 7.9072 | 7.8889 | 7.8705 | 7.8523 | 7.834 | 7.8158 | 7.7977 | 7.7796 | 8.2615 | 8.2411 | 8.2208 | 8.2018 | 8.1827 | 8.1637 | 7.8889 | 8.1637 | |
| General and administrative: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 44,038.84 | 44,160.07 | 48,481.69 | 48,284.21 | 48,232.1 | 48,300.51 | 48,343.52 | 48,411.5 | 48,107.7778 | 47,883.2748 | 47,772.5973 | 47,661.91 | 48,502.2397 | 48,389.5947 | 48,277.2119 | 48,165.0902 | 48,053.2288 | 47,941.6272 | 49,955.2849 | 49,834.2844 | 49,713.5882 | 49,598.1538 | 49,482.9757 | 49,368.0535 | 569,677.9999 | 587,281.3331 | |
| General and administrative: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 15,411.81 | 15,436.28 | 16,921.53 | 16,868.15 | 16,906.94 | 16,873.59 | 16,802.42 | 16,818.28 | 16,756.0317 | 16,677.8369 | 16,639.2877 | 16,600.7351 | 16,899.2415 | 16,859.9935 | 16,820.8369 | 16,781.7712 | 16,742.7963 | 16,703.9119 | 17,421.404 | 17,379.1707 | 17,337.0437 | 17,296.7874 | 17,256.6205 | 17,216.5427 | 198,712.8913 | 204,716.1203 | |
| General and administrative: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 725.92 | 725.92 | 871.11 | 871.11 | 871.11 | 939.39 | 939.39 | 939.39 | 935.0097 | 930.6463 | 928.4952 | 926.3439 | 936.7911 | 934.6154 | 932.4448 | 930.2793 | 928.1187 | 925.9632 | 1,003.1626 | 1,000.6468 | 998.1377 | 995.8205 | 993.5081 | 991.2008 | 10,603.8352 | 11,570.6891 | |
| General and administrative: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,145.81 | 4,147.51 | 4,421.57 | 4,418.95 | 4,423.95 | 4,425.14 | 4,425.64 | 4,433.12 | 4,397.8233 | 4,377.3001 | 4,367.1824 | 4,357.0638 | 4,433.9508 | 4,423.6531 | 4,413.3793 | 4,403.1294 | 4,392.9034 | 4,382.701 | 4,512.5244 | 4,501.7161 | 4,490.9344 | 4,480.5059 | 4,470.1009 | 4,459.7192 | 52,341.0595 | 53,365.2178 | |
| General and administrative: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 770 | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 875.8933 | 871.8058 | 869.7907 | 867.7755 | 887.4041 | 885.3431 | 883.2869 | 881.2355 | 879.1889 | 877.147 | 931.4849 | 929.1894 | 926.8998 | 924.7478 | 922.6004 | 920.4577 | 10,305.2654 | 10,848.9855 | |
| General and administrative: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,320.28 | 6,320.28 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 6,977.6657 | 6,945.1033 | 6,929.0504 | 6,912.996 | 7,034.8251 | 7,018.4869 | 7,002.1868 | 6,985.9245 | 6,969.7 | 6,953.5132 | 7,289.3143 | 7,271.5601 | 7,253.851 | 7,237.0081 | 7,220.2024 | 7,203.4337 | 82,467.6554 | 85,440.0061 | |
| General and administrative: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 2,764.63 | 2,764.63 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,934.0263 | 2,920.3342 | 2,913.5842 | 2,906.8335 | 2,958.129 | 2,951.2588 | 2,944.4046 | 2,937.5664 | 2,930.744 | 2,923.9375 | 3,010.555 | 3,003.3442 | 2,996.1511 | 2,989.1937 | 2,982.2519 | 2,975.3257 | 34,890.7182 | 35,602.8618 | |
| General and administrative: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 5,220.76 | 5,220.76 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,468.0889 | 5,442.5712 | 5,429.9912 | 5,417.4101 | 5,512.9258 | 5,500.1222 | 5,487.3484 | 5,474.6043 | 5,461.8897 | 5,449.2047 | 5,575.7642 | 5,562.4884 | 5,549.2449 | 5,536.3586 | 5,523.5014 | 5,510.6733 | 65,161.9614 | 66,144.1258 | |
| General and administrative: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 29,733.17 | 29,854.4 | 33,029.8 | 32,832.32 | 32,780.21 | 32,848.62 | 32,891.63 | 32,959.61 | 32,727.9968 | 32,575.2661 | 32,499.9716 | 32,424.6704 | 32,996.3598 | 32,919.7268 | 32,843.2721 | 32,766.995 | 32,690.8951 | 32,614.9719 | 34,079.6514 | 33,996.8918 | 33,914.3412 | 33,835.5935 | 33,757.0201 | 33,678.6208 | 387,157.6649 | 400,094.3394 | |
| Days accrued | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | headcount x 25 / 12 | 147.9167 | 152.0833 | 158.3333 | 162.5 | 162.5 | 164.5833 | 162.5 | 160.4167 | 159.2451 | 160.1665 | 160.6261 | 160.0319 | 164.6537 | 165.0779 | 165.4925 | 166.9652 | 166.3418 | 166.7657 | 167.1968 | 166.5837 | 167.0178 | 166.4089 | 165.8026 | 165.2017 | 1,910.9029 | 1,993.5083 |
| Days taken | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | A: HR system; F: headcount x 25 x seasonal share | 70.3 | 147.8 | 70.6 | 163.4 | 178 | 107.6 | 292.7 | 574.9 | 57.3282 | 96.0999 | 57.8254 | 134.4268 | 79.0338 | 158.4747 | 79.4364 | 160.2866 | 179.6492 | 100.0594 | 321.0178 | 559.7212 | 60.1264 | 99.8454 | 59.6889 | 138.7695 | 1,950.9803 | 1,996.1092 |
| Days outstanding at month end | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 742.6167 | 746.9 | 834.6333 | 833.7333 | 818.2333 | 875.2167 | 745.0167 | 330.5333 | 432.4502 | 496.5168 | 599.3175 | 624.9226 | 710.5425 | 717.1456 | 803.2017 | 809.8803 | 796.573 | 863.2793 | 709.4583 | 316.3208 | 423.2121 | 489.7757 | 595.8894 | 622.3216 | 624.9226 | 622.3216 | |
| Cost of a day (gross pay + employer contributions per head / working days) | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 410.9817 | 413.0151 | 408.6993 | 409.2032 | 407.5407 | 407.1 | 409.6915 | 409.7941 | 409.3829 | 408.8558 | 409.02 | 409.0695 | 417.4725 | 416.9453 | 417.1827 | 415.1926 | 415.2537 | 415.2236 | 414.4243 | 414.4754 | 414.7254 | 414.7735 | 414.8217 | 414.8704 | 409.3628 | 415.4468 | |
| PAID LEAVE PROVISION | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | days x cost of a day | 305,201.8629 | 308,480.9797 | 341,114.0281 | 341,166.3574 | 333,463.3547 | 356,300.7188 | 305,227.0288 | 135,450.6025 | 177,037.7061 | 203,003.7672 | 245,132.8459 | 255,636.7847 | 296,631.9332 | 299,010.5252 | 335,081.8528 | 336,256.3312 | 330,779.889 | 358,453.9672 | 294,016.7155 | 131,107.1805 | 175,516.7991 | 203,145.995 | 247,187.8196 | 258,182.8038 | 255,636.7847 | 258,182.8038 |
| Movement in the provision (charged to payroll cost) | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 41,461.7129 | 3,279.1168 | 32,633.0484 | 52.3293 | -7,703.0028 | 22,837.3642 | -51,073.69 | -169,776.4264 | 41,587.1037 | 25,966.0611 | 42,129.0787 | 10,503.9388 | 40,995.1485 | 2,378.592 | 36,071.3276 | 1,174.4784 | -5,476.4422 | 27,674.0781 | -64,437.2517 | -162,909.535 | 44,409.6186 | 27,629.1959 | 44,041.8246 | 10,994.9842 | -8,103.3653 | 2,546.0191 | |
| Research and development: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 25,830.0666 | 2,037.964 | 20,052.0689 | 32.1703 | -4,648.8312 | 13,893.3742 | -31,310.1224 | -103,210.5956 | 25,275.348 | 15,798.449 | 25,475.4828 | 6,355.9413 | 24,871.8994 | 1,436.8157 | 21,899.7327 | 707.8992 | -3,303.0348 | 16,768.2257 | -38,900.7752 | -98,409.7254 | 26,961.0024 | 16,783.7778 | 26,770.0202 | 6,687.2087 | -4,418.6842 | 2,273.0464 |
| Research and development: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 426,416.0466 | 414,775.524 | 440,616.2489 | 432,126.2003 | 418,070.2288 | 445,030.2542 | 400,259.6876 | 319,302.3044 | 444,391.4527 | 437,266.9746 | 445,715.0366 | 425,366.5196 | 465,974.873 | 441,216.9686 | 465,254.6099 | 442,763.09 | 437,456.1927 | 460,646.8264 | 403,677.8613 | 342,872.7502 | 471,857.4611 | 460,375.8616 | 469,061.5573 | 447,696.3265 | 5,049,336.4783 | 5,308,854.3787 | |
| Solutions, support and customer success: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 4,257.964 | 325.3592 | 3,442.6421 | 5.3808 | -871.4177 | 2,545.7428 | -5,738.9434 | -19,295.0001 | 4,733.033 | 3,035.9837 | 4,887.9708 | 1,217.5953 | 4,794.8271 | 276.5685 | 4,162.557 | 139.5851 | -650.2741 | 3,263.2935 | -7,559.8662 | -19,097.6699 | 5,167.1472 | 3,212.1227 | 5,116.0963 | 1,276.1696 | -1,453.6897 | 100.5568 |
| Solutions, support and customer success: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 69,282.284 | 65,313.6192 | 74,615.3621 | 71,399.9408 | 77,266.9323 | 80,438.9828 | 72,218.0166 | 58,681.5099 | 82,044.0574 | 82,815.0032 | 84,310.1452 | 80,283.0614 | 88,573.9056 | 83,677.0734 | 87,186.2088 | 86,011.3853 | 84,835.025 | 88,363.8248 | 77,171.7246 | 65,266.5176 | 89,165.4629 | 86,846.1539 | 88,387.423 | 84,186.3648 | 898,668.9149 | 1,009,671.0697 | |
| Sales and marketing: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 7,181.6878 | 593.9679 | 5,727.1869 | 9.4792 | -1,400.0323 | 4,102.8623 | -8,851.1514 | -29,845.6841 | 7,298.4938 | 4,483.5882 | 7,492.9903 | 1,863.7626 | 7,293.3608 | 431.9498 | 6,490.5892 | 213.1923 | -991.8134 | 4,970.3825 | -11,498.0475 | -29,004.5895 | 7,836.3452 | 4,864.4219 | 7,736.6723 | 1,927.0824 | -1,342.849 | 269.546 |
| Sales and marketing: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 117,339.0478 | 119,737.0079 | 124,740.4869 | 126,309.3992 | 124,729.2477 | 130,210.2323 | 112,235.7286 | 91,370.3059 | 127,245.4753 | 123,031.1882 | 130,041.1482 | 123,681.8827 | 135,588.6713 | 131,552.6709 | 136,806.4782 | 132,158.2306 | 130,178.737 | 135,370.7858 | 118,150.6971 | 99,896.748 | 135,994.5028 | 132,283.6853 | 134,421.3021 | 127,881.3141 | 1,450,671.1507 | 1,550,283.8233 | |
| General and administrative: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 4,191.9945 | 321.8256 | 3,411.1505 | 5.2991 | -782.7215 | 2,295.385 | -5,173.4728 | -17,425.1466 | 4,280.229 | 2,648.0402 | 4,272.6348 | 1,066.6397 | 4,035.0612 | 233.2581 | 3,518.4487 | 113.8018 | -531.3198 | 2,672.1764 | -6,478.5628 | -16,397.5502 | 4,445.1238 | 2,768.8734 | 4,419.0359 | 1,104.5235 | -888.1424 | -97.1301 |
| General and administrative: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 68,558.4545 | 64,835.6856 | 74,115.9405 | 70,456.6091 | 69,660.2685 | 72,774.625 | 65,278.1072 | 53,117.7534 | 74,417.755 | 72,458.2578 | 73,921.4929 | 70,554.124 | 74,757.8973 | 70,791.8425 | 73,913.1638 | 70,345.0282 | 69,536.7975 | 72,577.5635 | 66,342.1353 | 56,246.8103 | 76,913.5898 | 75,069.0683 | 76,551.3333 | 73,069.2967 | 830,149.0737 | 856,114.5266 | |
| Commissions earned | COMMISSIONS (account executives; expensed, IFRS 15.94) | A: statements; F: rate x commitments signed | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 10,296 | 20,304 | 7,650 | 0 | 6,480 | 29,370 | 0 | 35,046 | 2,700 | 28,860 | 32,640 | 6,750 | 7,956 | 16,056 | 5,850 | 0 | 179,250 | 171,708 |
| Employer contributions on commissions earned (accrued) | COMMISSIONS (account executives; expensed, IFRS 15.94) | marginal rates | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 4,728.1291 | 9,324.0029 | 3,513.033 | 0 | 2,975.7456 | 13,487.2914 | 0 | 16,093.8241 | 1,239.894 | 13,253.0892 | 14,988.9408 | 3,099.735 | 3,653.5543 | 7,373.2363 | 2,686.437 | 0 | 82,315.185 | 78,851.7478 |
| COMMISSION COST (in sales and marketing) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 44,652.132 | 0 | 54,282.984 | 0 | 44,652.132 | 49,029.792 | 13,132.98 | 15,024.1291 | 29,628.0029 | 11,163.033 | 0 | 9,455.7456 | 42,857.2914 | 0 | 51,139.8241 | 3,939.894 | 42,113.0892 | 47,628.9408 | 9,849.735 | 11,609.5543 | 23,429.2363 | 8,536.437 | 0 | 261,565.185 | 250,559.7478 | |
| Commissions paid (gross, with the next payroll) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 10,296 | 20,304 | 7,650 | 0 | 6,480 | 29,370 | 0 | 35,046 | 2,700 | 28,860 | 32,640 | 6,750 | 7,956 | 16,056 | 5,850 | 179,250 | 171,708 | |
| URSSAF on commissions paid (employer and employee) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 12,557.0925 | 0 | 15,265.485 | 0 | 12,557.0925 | 13,788.18 | 3,693.2625 | 4,225.0923 | 8,332.0002 | 3,139.2731 | 0 | 2,659.149 | 12,052.3466 | 0 | 14,381.5642 | 1,107.9787 | 11,843.0618 | 13,394.232 | 2,769.9469 | 3,264.8441 | 6,588.7803 | 2,400.6206 | 73,557.4781 | 70,462.5241 | |
| Agirc-Arrco on commissions paid (employer and employee) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 7,558.2 | 0 | 9,188.4 | 0 | 7,558.2 | 8,299.2 | 2,223 | 2,543.112 | 5,015.088 | 1,889.55 | 0 | 1,600.56 | 7,254.39 | 0 | 8,656.362 | 666.9 | 7,128.42 | 8,062.08 | 1,667.25 | 1,965.132 | 3,965.832 | 1,444.95 | 44,274.75 | 42,411.876 | |
| Income tax withheld on commissions paid | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 3,049.0452 | 0 | 3,706.6824 | 0 | 3,049.0452 | 3,347.9712 | 896.778 | 1,025.914 | 2,023.1312 | 762.2613 | 0 | 645.6802 | 2,926.4855 | 0 | 3,492.0535 | 269.0334 | 2,875.6681 | 3,252.3149 | 672.5835 | 792.7518 | 1,599.852 | 582.9057 | 17,860.8285 | 17,109.3285 | |
| Commissions paid, net | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 21,487.7943 | 0 | 26,122.4166 | 0 | 21,487.7943 | 23,594.4408 | 6,319.9395 | 7,230.0108 | 14,257.7835 | 5,371.9486 | 0 | 4,550.3564 | 20,624.0692 | 0 | 24,609.8444 | 1,895.9818 | 20,265.9393 | 22,920.3139 | 4,739.9546 | 5,586.8265 | 11,274.7721 | 4,107.9607 | 125,872.1284 | 120,576.0191 | |
| Commissions payable | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 10,296 | 20,304 | 7,650 | 0 | 6,480 | 29,370 | 0 | 35,046 | 2,700 | 28,860 | 32,640 | 6,750 | 7,956 | 16,056 | 5,850 | 0 | 0 | 0 | |
| Employer contributions accrued on commissions | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 4,728.1291 | 9,324.0029 | 3,513.033 | 0 | 2,975.7456 | 13,487.2914 | 0 | 16,093.8241 | 1,239.894 | 13,253.0892 | 14,988.9408 | 3,099.735 | 3,653.5543 | 7,373.2363 | 2,686.437 | 0 | 0 | 0 | |
| URSSAF due for the month (employer and employee, incl. commissions paid) | PAYROLL LIABILITIES AND PAYMENTS | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.37 | 254,250.725 | 241,473.55 | 252,464.9125 | 250,288.55 | 238,584.7153 | 240,223.0381 | 245,107.4965 | 239,064.5943 | 247,775.9147 | 250,798.2064 | 260,952.4929 | 249,987.4139 | 263,469.2225 | 250,840.6642 | 261,797.0689 | 262,459.5831 | 252,630.4954 | 252,240.9198 | 254,683.839 | 249,623.004 | 2,892,061.3542 | 3,057,258.8249 | |
| URSSAF paid (5th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 213,682.42 | 219,057.13 | 226,130.17 | 245,947.1 | 239,469.37 | 254,250.73 | 241,473.55 | 252,464.91 | 250,288.55 | 238,584.7153 | 240,223.0381 | 245,107.4965 | 239,064.5943 | 247,775.9147 | 250,798.2064 | 260,952.4929 | 249,987.4139 | 263,469.2225 | 250,840.6642 | 261,797.0689 | 262,459.5831 | 252,630.4954 | 252,240.9198 | 254,683.839 | 2,866,679.1799 | 3,046,700.4152 |
| URSSAF PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.3725 | 254,250.7275 | 241,473.5475 | 252,464.91 | 250,288.55 | 238,584.7153 | 240,223.0381 | 245,107.4965 | 239,064.5943 | 247,775.9147 | 250,798.2064 | 260,952.4929 | 249,987.4139 | 263,469.2225 | 250,840.6642 | 261,797.0689 | 262,459.5831 | 252,630.4954 | 252,240.9198 | 254,683.839 | 249,623.004 | 239,064.5943 | 249,623.004 | |
| Income tax withheld in the month (incl. commissions) | PAYROLL LIABILITIES AND PAYMENTS | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.8 | 50,719.3824 | 47,540.26 | 50,425.2852 | 50,082.2612 | 47,309.4739 | 47,582.476 | 48,733.3554 | 47,309.8064 | 48,827.6871 | 49,482.3908 | 51,916.1587 | 49,048.1568 | 52,369.645 | 49,246.7113 | 51,823.7891 | 52,031.652 | 49,611.9591 | 49,563.819 | 50,203.2509 | 49,020.2311 | 574,800.7656 | 603,145.4509 | |
| Withholding paid (5th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 42,455.68 | 43,544.32 | 45,112.36 | 49,245.99 | 47,195.8 | 50,719.38 | 47,540.26 | 50,425.29 | 50,082.254 | 47,309.4739 | 47,582.476 | 48,733.3554 | 47,309.8064 | 48,827.6871 | 49,482.3908 | 51,916.1587 | 49,048.1568 | 52,369.645 | 49,246.7113 | 51,823.7891 | 52,031.652 | 49,611.9591 | 49,563.819 | 50,203.2509 | 569,946.6393 | 601,435.0262 |
| INCOME TAX WITHHELD PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.7952 | 50,719.3776 | 47,540.2576 | 50,425.2828 | 50,082.254 | 47,309.4739 | 47,582.476 | 48,733.3554 | 47,309.8064 | 48,827.6871 | 49,482.3908 | 51,916.1587 | 49,048.1568 | 52,369.645 | 49,246.7113 | 51,823.7891 | 52,031.652 | 49,611.9591 | 49,563.819 | 50,203.2509 | 49,020.2311 | 47,309.8064 | 49,020.2311 | |
| Agirc-Arrco and schemes due for the month (incl. commissions) | PAYROLL LIABILITIES AND PAYMENTS | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,642.3034 | 83,277.2652 | 86,020.4275 | 82,608.1996 | 84,795.4926 | 86,464.6879 | 92,393.979 | 85,376.7688 | 93,730.7871 | 85,941.5743 | 92,394.3324 | 93,029.2347 | 86,921.968 | 86,922.1093 | 88,626.2173 | 85,811.5937 | 1,009,210.8556 | 1,062,408.7451 | |
| Agirc-Arrco and schemes paid (25th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 73,047.74 | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,642.3034 | 83,277.2652 | 86,020.4275 | 82,608.1996 | 84,795.4926 | 86,464.6879 | 92,393.979 | 85,376.7688 | 93,730.7871 | 85,941.5743 | 92,394.3324 | 93,029.2347 | 86,921.968 | 86,922.1093 | 88,626.2173 | 999,650.396 | 1,059,205.351 |
| AGIRC-ARRCO AND SCHEMES PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,642.3034 | 83,277.2652 | 86,020.4275 | 82,608.1996 | 84,795.4926 | 86,464.6879 | 92,393.979 | 85,376.7688 | 93,730.7871 | 85,941.5743 | 92,394.3324 | 93,029.2347 | 86,921.968 | 86,922.1093 | 88,626.2173 | 85,811.5937 | 82,608.1996 | 85,811.5937 | |
| Net pay (salaries and commissions, last working day) | PAYROLL LIABILITIES AND PAYMENTS | 302,359.56 | 312,200.5 | 343,472.8843 | 331,656.04 | 356,044.8666 | 334,078.46 | 353,129.1243 | 351,637.3708 | 331,108.1243 | 333,546.7127 | 341,625.4678 | 331,562.0817 | 342,501.1042 | 347,570.4238 | 364,683.794 | 345,690.9162 | 369,053.3639 | 347,195.8666 | 365,877.5689 | 367,300.832 | 350,206.7106 | 349,828.2794 | 354,295.7202 | 345,919.9262 | 4,022,421.1925 | 4,250,124.506 | |
| Gross salaries | TOTALS AND RESEARCH TIME | 435,574.46 | 449,951.83 | 463,804.02 | 476,814.76 | 474,666.9 | 480,553.96 | 477,258.13 | 471,682.2 | 467,419.6528 | 469,532.1543 | 471,047.8655 | 469,359.7856 | 492,769.8525 | 493,440.9344 | 494,940.6036 | 497,082.3806 | 495,296.2742 | 496,501.781 | 496,866.5653 | 495,103.2319 | 496,670.4201 | 494,915.0444 | 493,166.5203 | 491,434.5119 | 5,607,665.7182 | 5,938,188.12 | |
| Payroll cost (all departments, excl. commissions) | TOTALS AND RESEARCH TIME | 681,595.8329 | 664,661.8368 | 714,088.0384 | 700,292.1493 | 689,726.6772 | 728,454.0942 | 649,991.54 | 522,471.8736 | 728,098.7405 | 715,571.4239 | 733,987.823 | 699,885.5879 | 764,895.3472 | 727,238.5554 | 763,160.4608 | 731,277.734 | 722,006.7522 | 756,959.0006 | 665,342.4184 | 564,282.8261 | 773,931.0167 | 754,574.7691 | 768,421.6157 | 732,833.3021 | 8,228,825.6177 | 8,724,923.7983 | |
| RGDU reduction (memo) | TOTALS AND RESEARCH TIME | 3,411.62 | 3,411.62 | 3,690.74 | 3,803.18 | 3,920.86 | 4,204.2 | 3,944.56 | 3,944.56 | 3,909.8851 | 3,947.5133 | 3,930.2042 | 3,912.894 | 4,014.3041 | 4,056.8066 | 4,038.4787 | 4,225.0824 | 4,205.3916 | 4,185.804 | 4,246.7568 | 4,228.071 | 4,209.4683 | 4,191.1393 | 4,172.8968 | 4,154.7403 | 46,031.8366 | 49,928.94 | |
| CIR-ELIGIBLE PERSONNEL COST | TOTALS AND RESEARCH TIME | A: time records; F: bands x research share | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 222,723.4167 | 224,743.7821 | 224,086.1983 | 223,428.6387 | 235,744.8091 | 235,036.2875 | 237,715.9197 | 237,016.8326 | 236,319.7569 | 237,153.9044 | 236,461.8057 | 235,771.7111 | 238,474.0521 | 237,772.6337 | 237,073.2942 | 236,385.9159 | 2,700,623.3158 | 2,840,926.9229 |
| Recruitment cost of hires | TOTALS AND RESEARCH TIME | hires x cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,500 | 5,858.75 | 2,091.6357 | 20,852.019 | 5,865.4356 | 5,856.7206 | 9,669.2054 | 2,182.0488 | 5,933.7414 | 5,963.0539 | 2,203.8544 | 5,955.6658 | 2,205.4675 | 2,196.5172 | 2,198.5754 | 15,450.3857 | 71,082.3048 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eligible personnel costs (research time) | People | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 222,723.4167 | 224,743.7821 | 224,086.1983 | 223,428.6387 | 235,744.8091 | 235,036.2875 | 237,715.9197 | 237,016.8326 | 236,319.7569 | 237,153.9044 | 236,461.8057 | 235,771.7111 | 238,474.0521 | 237,772.6337 | 237,073.2942 | 236,385.9159 | 2,700,623.3158 | 2,840,926.9229 | |
| Operating costs at the flat rate | personnel x 40% | 84,962.484 | 88,683.324 | 89,600.692 | 92,989.472 | 91,727.488 | 91,953.608 | 92,325.288 | 90,014.156 | 89,089.3667 | 89,897.5128 | 89,634.4793 | 89,371.4555 | 94,297.9236 | 94,014.515 | 95,086.3679 | 94,806.733 | 94,527.9027 | 94,861.5618 | 94,584.7223 | 94,308.6845 | 95,389.6208 | 95,109.0535 | 94,829.3177 | 94,554.3664 | 1,080,249.3263 | 1,136,370.7691 | |
| Eligible base | 297,368.694 | 310,391.634 | 313,602.422 | 325,463.152 | 321,046.208 | 321,837.628 | 323,138.508 | 315,049.546 | 311,812.7834 | 314,641.2949 | 313,720.6776 | 312,800.0942 | 330,042.7328 | 329,050.8025 | 332,802.2876 | 331,823.5656 | 330,847.6596 | 332,015.4661 | 331,046.528 | 330,080.3956 | 333,863.6729 | 332,881.6872 | 331,902.6118 | 330,940.2823 | 3,780,872.6421 | 3,977,297.692 | ||
| CIR ACCRUED (other operating income) | base x 30% | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,543.835 | 94,392.3885 | 94,116.2033 | 93,840.0283 | 99,012.8198 | 98,715.2407 | 99,840.6863 | 99,547.0697 | 99,254.2979 | 99,604.6398 | 99,313.9584 | 99,024.1187 | 100,159.1019 | 99,864.5062 | 99,570.7835 | 99,282.0847 | 1,134,261.7926 | 1,193,189.3076 | |
| Refunded | A: bank; F: FY2026 claim in the driver month | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,134,261.7926 | 935,770 | 1,134,261.7926 | |
| CIR RECEIVABLE | opening + accrued - refunded | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,913.1726 | 946,305.5611 | 1,040,421.7644 | 1,134,261.7926 | 1,233,274.6125 | 1,331,989.8532 | 1,431,830.5395 | 1,531,377.6092 | 1,630,631.907 | 1,730,236.5469 | 1,829,550.5053 | 1,928,574.624 | 2,028,733.7258 | 2,128,598.232 | 2,228,169.0155 | 1,193,189.3076 | 1,134,261.7926 | 1,193,189.3076 | |
| of which FY2025 claim | 935,770 | 935,770 | 935,770 | 935,770 | 935,770 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| of which FY2026 claim | 89,210.6082 | 182,328.0984 | 276,408.825 | 374,047.7706 | 470,361.633 | 566,912.9214 | 663,854.4738 | 758,369.3376 | 851,913.1726 | 946,305.5611 | 1,040,421.7644 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 1,134,261.7926 | 0 | 1,134,261.7926 | 0 | ||
| of which FY2027 claim | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,012.8198 | 197,728.0606 | 297,568.7469 | 397,115.8165 | 496,370.1144 | 595,974.7543 | 695,288.7127 | 794,312.8313 | 894,471.9332 | 994,336.4394 | 1,093,907.2229 | 1,193,189.3076 | 0 | 1,193,189.3076 | ||
| Check: receivable less the claims open (must be zero) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CIR as a share of research and development payroll cost | 20.92% | 22.45% | 21.35% | 22.6% | 23.04% | 21.7% | 24.22% | 29.6% | 21.05% | 21.59% | 21.12% | 22.06% | 21.25% | 22.37% | 21.46% | 22.48% | 22.69% | 21.62% | 24.6% | 28.88% | 21.23% | 21.69% | 21.23% | 22.18% | 22.46% | 22.48% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest received on deposits | A: bank; F: prior month-end cash x rate / 12 | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,287.787 | 12,482.0319 | 11,771.8663 | 11,304.4142 | 10,295.7884 | 9,543.017 | 9,089.7925 | 8,111.9036 | 7,385.5286 | 6,908.1809 | 5,994.7119 | 5,141.5079 | 4,605.8043 | 3,670.1115 | 2,877.1422 | 179,733.0585 | 84,927.903 | |
| Share capital | opening balance | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
| Share premium | opening balance | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DOCUMENT AI | Revenue | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 297,521.781 | 232,680.8736 | 234,270.5893 | 230,960.0902 | 254,864.363 | 238,745.4013 | 299,405.1079 | 240,046.7082 | 243,722.6042 | 276,762.2068 | 237,834.004 | 235,691.227 | 265,158.2867 | 237,413.9269 | 238,198.945 | 261,115.8551 | 2,811,960.0586 | 3,028,958.636 |
| Compute | DOCUMENT AI | Unit_Costs | -29,218.7432 | -28,593.8973 | -28,374.4554 | -29,548.2927 | -29,882.1959 | -32,083.5187 | -33,258.7297 | -32,832.4159 | -34,260.5177 | -33,622.0734 | -33,621.662 | -33,824.4076 | -41,090.6126 | -40,957.8346 | -41,103.2667 | -40,609.3758 | -40,935.225 | -39,429.0251 | -39,934.4459 | -39,806.0918 | -40,316.5275 | -39,902.5093 | -39,924.5019 | -40,258.1184 | -379,120.9095 | -484,267.5345 |
| Card fees | DOCUMENT AI | by Developer and Team revenue on the product | -2,421.6166 | -2,482.9083 | -2,611.497 | -2,565.4135 | -2,693.6643 | -2,749.5619 | -2,771.2501 | -2,722.2782 | -2,814.0442 | -2,840.7482 | -2,832.9717 | -2,788.3825 | -2,885.5764 | -2,868.9923 | -2,900.6582 | -2,867.8258 | -2,870.6543 | -2,881.2737 | -2,821.7164 | -2,715.4861 | -2,942.4071 | -2,972.9013 | -2,961.4183 | -2,919.5612 | -32,294.3367 | -34,608.4712 |
| Solutions, support and success | DOCUMENT AI | by revenue | -30,448.7002 | -28,114.3938 | -31,596.7552 | -31,443.3008 | -33,801.5515 | -35,847.3919 | -30,749.5329 | -24,286.3435 | -37,780.8838 | -35,927.1013 | -36,609.0809 | -34,747.8804 | -38,983.5212 | -36,437.8745 | -39,023.7936 | -37,629.4761 | -37,088.9146 | -35,399.5667 | -33,530.0972 | -28,372.1645 | -40,177.5584 | -38,005.6226 | -38,693.7154 | -37,246.3236 | -391,352.9163 | -440,588.6285 |
| GROSS MARGIN | DOCUMENT AI | 156,098.7745 | 145,225.0643 | 154,729.3802 | 151,776.9396 | 162,669.8964 | 182,547.871 | 174,602.1043 | 177,778.2857 | 222,666.3353 | 160,290.9507 | 161,206.8747 | 159,599.4196 | 171,904.6528 | 158,480.7 | 216,377.3893 | 158,940.0305 | 162,827.8103 | 199,052.3414 | 161,547.7445 | 164,797.4846 | 181,721.7937 | 156,532.8935 | 156,619.3094 | 180,691.8519 | 2,009,191.8962 | 2,069,494.0019 | |
| Gross margin % | DOCUMENT AI | 71.54% | 71.04% | 71.2% | 70.48% | 71.02% | 72.09% | 72.33% | 74.82% | 74.84% | 68.89% | 68.81% | 69.1% | 67.45% | 66.38% | 72.27% | 66.21% | 66.81% | 71.92% | 67.92% | 69.92% | 68.53% | 65.93% | 65.75% | 69.2% | 71.45% | 68.32% | |
| Revenue | VOICE AI | Revenue | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 173,581.4492 | 158,157.7258 | 159,381.1106 | 157,725.0593 | 171,414.5162 | 161,245.816 | 188,279.7269 | 160,207.2677 | 163,515.9183 | 230,474.2104 | 160,480.6906 | 159,617.3811 | 164,809.2695 | 158,897.6352 | 159,578.0307 | 173,473.1932 | 1,887,536.9756 | 2,051,993.6557 |
| Compute | VOICE AI | Unit_Costs | -55,381.5871 | -55,758.8854 | -57,349.4734 | -55,520.9056 | -59,174.7247 | -60,118.8238 | -67,183.4469 | -67,017.0168 | -69,422.6495 | -65,187.7762 | -65,351.6501 | -65,861.9006 | -82,436.9123 | -81,258.031 | -81,341.5326 | -79,864.6225 | -81,149.1037 | -80,388.0016 | -79,161.0817 | -78,639.2278 | -78,174.3799 | -78,747.9514 | -78,965.3713 | -79,533.2198 | -743,328.84 | -959,659.4358 |
| Card fees | VOICE AI | by Developer and Team revenue on the product | -1,492.8073 | -1,529.6067 | -1,609.341 | -1,580.8343 | -1,660.7952 | -1,695.1434 | -1,708.0121 | -1,678.1981 | -1,733.1487 | -1,748.9622 | -1,743.426 | -1,716.5278 | -1,774.5827 | -1,764.6424 | -1,783.578 | -1,763.3776 | -1,764.3776 | -1,771.8699 | -1,734.6964 | -1,669.6785 | -1,808.6766 | -1,826.923 | -1,819.5721 | -1,793.749 | -19,896.8026 | -21,275.7238 |
| Solutions, support and success | VOICE AI | by revenue | -20,089.9954 | -18,945.734 | -23,089.8956 | -20,433.7083 | -21,756.4679 | -23,392.6118 | -21,401.0283 | -18,148.6599 | -22,042.2873 | -24,420.3512 | -24,906.2248 | -23,729.6907 | -26,219.2068 | -24,609.7088 | -24,539.9595 | -25,113.9272 | -24,883.3215 | -29,479.0509 | -22,624.7428 | -19,214.5064 | -24,972.3821 | -25,436.602 | -25,922.31 | -24,744.7199 | -262,356.6552 | -297,760.4378 |
| GROSS MARGIN | VOICE AI | 66,995.5355 | 61,517.8515 | 76,755.9956 | 62,401.2295 | 64,834.9849 | 80,040.3753 | 77,704.0425 | 90,723.913 | 80,383.3638 | 66,800.6363 | 67,379.8098 | 66,416.9402 | 60,983.8144 | 53,613.4337 | 80,614.6568 | 53,465.3404 | 55,719.1154 | 118,835.288 | 56,960.1697 | 60,093.9684 | 59,853.8309 | 52,886.1588 | 52,870.7773 | 67,401.5045 | 861,954.6778 | 773,298.0584 | |
| Gross margin % | VOICE AI | 46.54% | 44.66% | 48.33% | 44.59% | 43.98% | 48.44% | 46.25% | 51.09% | 46.31% | 42.24% | 42.28% | 42.11% | 35.58% | 33.25% | 42.82% | 33.37% | 34.08% | 51.56% | 35.49% | 37.65% | 36.32% | 33.28% | 33.13% | 38.85% | 45.67% | 37.69% | |
| Revenue | AGENT WORKSPACE | Revenue | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 174,987.9045 | 145,510.4677 | 145,869.8325 | 144,935.4022 | 152,794.8242 | 148,271.1809 | 181,240.2958 | 148,431.5765 | 150,238.38 | 183,612.9192 | 149,075.9117 | 146,868.7655 | 158,494.3203 | 146,199.9137 | 146,336.9896 | 155,600.601 | 1,762,437.6607 | 1,867,165.6784 |
| Compute | AGENT WORKSPACE | Unit_Costs | -44,474.0562 | -45,228.0644 | -44,559.7635 | -44,351.4699 | -48,143.6214 | -48,327.9693 | -52,026.2253 | -52,138.182 | -54,342.3421 | -49,288.8944 | -49,216.8445 | -49,497.0162 | -61,611.7069 | -61,386.2097 | -61,834.0227 | -61,326.5399 | -61,830.7176 | -60,796.3033 | -60,972.3989 | -60,305.6761 | -60,341.5695 | -60,168.1497 | -60,156.7776 | -60,374.1457 | -581,594.4493 | -731,104.2177 |
| Card fees | AGENT WORKSPACE | by Developer and Team revenue on the product | -1,725.5561 | -1,750.535 | -1,851.012 | -1,816.3022 | -1,924.8005 | -1,962.5447 | -1,968.4778 | -1,940.7037 | -1,975.3384 | -1,982.0508 | -1,962.4052 | -1,941.8206 | -1,975.731 | -1,969.2916 | -1,980.7414 | -1,958.0894 | -1,945.9773 | -1,971.5173 | -1,920.3517 | -1,853.5447 | -1,998.3766 | -2,009.6224 | -1,996.269 | -1,966.0566 | -22,801.5469 | -23,545.5692 |
| Solutions, support and success | AGENT WORKSPACE | by revenue | -18,743.5884 | -18,253.4914 | -19,928.7113 | -19,522.9316 | -21,708.9129 | -21,198.9791 | -20,067.4555 | -16,246.5064 | -22,220.8864 | -22,467.5507 | -22,794.8396 | -21,805.4904 | -23,371.1775 | -22,629.4901 | -23,622.4557 | -23,267.9819 | -22,862.7889 | -23,485.2072 | -21,016.8846 | -17,679.8467 | -24,015.5225 | -23,403.9293 | -23,771.3976 | -22,195.3214 | -244,959.3435 | -271,322.0034 |
| GROSS MARGIN | AGENT WORKSPACE | 69,368.7054 | 67,486.7765 | 70,723.6334 | 68,008.6792 | 75,327.3935 | 78,261.4951 | 83,465.9206 | 88,631.5895 | 96,449.3377 | 71,771.9719 | 71,895.7433 | 71,691.075 | 65,836.2087 | 62,286.1896 | 93,803.076 | 61,878.9653 | 63,598.8962 | 97,359.8914 | 65,166.2765 | 67,029.6979 | 72,138.8517 | 60,618.2123 | 60,412.5454 | 71,065.0773 | 913,082.3211 | 841,193.8881 | |
| Gross margin % | AGENT WORKSPACE | 51.65% | 50.85% | 51.6% | 50.87% | 51.21% | 52.26% | 52.98% | 55.76% | 55.12% | 49.32% | 49.29% | 49.46% | 43.09% | 42.01% | 51.76% | 41.69% | 42.33% | 53.02% | 43.71% | 45.64% | 45.52% | 41.46% | 41.28% | 45.67% | 51.81% | 45.05% | |
| Developer: revenue | BY SEGMENT | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 90,612.2835 | 94,248.6532 | 98,548.3648 | 95,086.9189 | 105,619.1386 | 104,033.094 | 107,404.7783 | 107,331.9345 | 111,793.9622 | 105,635.8679 | 108,607.9889 | 105,765.7896 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,044,903.8694 | 1,307,081.3403 | |
| Developer: compute | BY SEGMENT | product compute cost x segment share of the product units | -15,732.717 | -16,086.6893 | -17,168.2208 | -16,588.8997 | -17,168.4658 | -17,665.0589 | -18,084.6101 | -18,005.0869 | -19,810.754 | -19,458.8864 | -19,956.8156 | -20,163.7258 | -25,165.2134 | -25,763.7266 | -26,086.1956 | -26,276.793 | -26,402.1562 | -26,687.1174 | -26,537.6151 | -25,926.4115 | -26,681.2405 | -27,476.3977 | -27,923.3056 | -28,044.2029 | -215,889.9304 | -318,970.3757 |
| Developer: card fees | BY SEGMENT | -1,656.2457 | -1,776.8834 | -1,827.5703 | -1,803.9354 | -1,819.6032 | -1,866.6188 | -1,921.5414 | -1,858.062 | -2,050.3172 | -2,120.4375 | -2,174.5055 | -2,096.9016 | -2,312.2033 | -2,278.2174 | -2,346.6716 | -2,321.087 | -2,382.5061 | -2,314.0933 | -2,310.1056 | -2,200.0237 | -2,426.2302 | -2,491.2266 | -2,505.145 | -2,478.1454 | -22,972.6219 | -28,365.6551 | |
| Developer: solutions, support and success | BY SEGMENT | by revenue | -10,537.735 | -11,272.6667 | -11,957.9845 | -12,270.0216 | -12,133.7779 | -12,130.0616 | -11,254.1589 | -8,831.6272 | -11,506.4253 | -14,552.4678 | -15,399.9914 | -14,305.8001 | -16,155.2831 | -15,877.7711 | -13,998.8991 | -16,825.2441 | -17,012.4422 | -13,511.4689 | -15,311.6727 | -12,731.9307 | -16,538.4498 | -18,002.402 | -18,583.7455 | -16,386.9984 | -146,152.718 | -190,936.3077 |
| Developer: GROSS MARGIN | BY SEGMENT | 47,584.0982 | 52,825.9192 | 51,289.308 | 53,366.2405 | 51,099.5021 | 54,025.8167 | 57,084.0256 | 57,714.4966 | 57,244.787 | 58,116.8616 | 61,017.0523 | 58,520.4914 | 61,986.4388 | 60,113.3789 | 64,973.012 | 61,908.8104 | 65,996.8576 | 63,123.1882 | 64,448.5955 | 64,907.4237 | 63,502.2507 | 64,487.5696 | 65,389.5493 | 67,971.927 | 659,888.5991 | 768,809.0018 | |
| Developer: gross margin % | BY SEGMENT | 63.02% | 64.45% | 62.36% | 63.51% | 62.15% | 63.05% | 64.62% | 66.79% | 63.18% | 61.66% | 61.92% | 61.54% | 58.69% | 57.78% | 60.49% | 57.68% | 59.03% | 59.76% | 59.34% | 61.37% | 58.18% | 57.34% | 57.16% | 59.17% | 63.15% | 58.82% | |
| Team: revenue | BY SEGMENT | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 197,646.2604 | 197,851.2712 | 197,789.506 | 197,249.0644 | 197,501.7017 | 197,484.6015 | 197,644.4919 | 197,370.7928 | 197,005.7051 | 196,772.7599 | 195,892.5376 | 194,159.1781 | 194,488.0008 | 194,930.7482 | 195,093.4349 | 194,759.2179 | 2,367,278.5721 | 2,353,103.1704 | |
| Team: compute | BY SEGMENT | product compute cost x segment share of the product units | -40,179.5892 | -39,705.6926 | -42,315.1452 | -40,950.5071 | -44,517.9067 | -45,511.8586 | -45,607.9204 | -45,475.7387 | -45,334.8499 | -42,383.7503 | -42,335.686 | -42,210.4508 | -51,382.0684 | -51,652.9378 | -51,461.7454 | -51,367.5242 | -51,237.9677 | -51,242.3136 | -51,034.1416 | -50,620.2347 | -50,659.6171 | -50,760.3273 | -50,761.5912 | -50,657.6828 | -516,529.0955 | -612,838.1519 |
| Team: card fees | BY SEGMENT | -3,983.7343 | -3,986.1666 | -4,244.2797 | -4,158.6146 | -4,459.6568 | -4,540.6312 | -4,526.1986 | -4,483.118 | -4,472.214 | -4,451.3237 | -4,364.2973 | -4,349.8294 | -4,323.6868 | -4,324.7089 | -4,318.3061 | -4,268.2058 | -4,198.5032 | -4,310.5675 | -4,166.6589 | -4,038.6857 | -4,323.2301 | -4,318.2202 | -4,272.1144 | -4,201.2213 | -52,020.0642 | -51,064.109 | |
| Team: solutions, support and success | BY SEGMENT | by revenue | -25,346.2009 | -25,288.5068 | -27,770.7685 | -28,286.0972 | -29,738.6181 | -29,506.9014 | -26,509.2166 | -21,308.8834 | -25,098.1638 | -30,549.2349 | -30,908.2418 | -29,676.0661 | -30,209.4482 | -30,140.556 | -25,760.542 | -30,939.6433 | -29,979.6886 | -25,168.4307 | -27,617.1436 | -23,372.5973 | -29,469.3902 | -31,204.8436 | -31,691.5335 | -27,781.0202 | -329,986.8995 | -343,334.8372 |
| Team: GROSS MARGIN | BY SEGMENT | 112,115.0656 | 114,889.224 | 116,668.0165 | 120,317.1711 | 122,799.7284 | 128,879.3087 | 131,452.1044 | 137,219.9 | 122,741.0327 | 120,466.9623 | 120,181.2809 | 121,012.7181 | 111,586.4982 | 111,366.3988 | 116,103.8984 | 110,795.4195 | 111,589.5457 | 116,051.4481 | 113,074.5935 | 116,127.6604 | 110,035.7635 | 108,647.3571 | 108,368.1958 | 112,119.2935 | 1,468,742.5128 | 1,345,866.0724 | |
| Team: gross margin % | BY SEGMENT | 61.73% | 62.48% | 61.08% | 62.11% | 60.94% | 61.83% | 63.17% | 65.82% | 62.1% | 60.89% | 60.76% | 61.35% | 56.5% | 56.39% | 58.74% | 56.14% | 56.64% | 58.98% | 57.72% | 59.81% | 56.58% | 55.74% | 55.55% | 57.57% | 62.04% | 57.2% | |
| Enterprise: revenue | BY SEGMENT | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 357,832.5908 | 244,249.1427 | 243,183.6617 | 241,284.5683 | 275,952.8631 | 246,744.7028 | 363,875.8604 | 243,982.8251 | 248,677.2352 | 388,440.7086 | 242,890.0798 | 242,252.4059 | 284,825.7044 | 235,123.1316 | 234,618.785 | 280,549.1577 | 3,049,752.2535 | 3,287,933.4594 | |
| Enterprise: compute | BY SEGMENT | product compute cost x segment share of the product units | -73,162.0804 | -73,788.4652 | -70,800.3263 | -71,881.2613 | -75,514.1694 | -77,353.3943 | -88,775.8714 | -88,506.7891 | -92,879.9054 | -86,256.1073 | -85,897.655 | -86,809.1479 | -108,591.9501 | -106,185.4109 | -106,730.881 | -104,156.221 | -106,274.9224 | -102,683.899 | -102,496.1697 | -102,204.3495 | -101,491.6193 | -100,581.8854 | -100,361.754 | -101,463.5982 | -971,625.1729 | -1,243,222.6604 |
| Enterprise: card fees | BY SEGMENT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Enterprise: solutions, support and success | BY SEGMENT | by revenue | -33,398.3481 | -28,752.4458 | -34,886.609 | -30,843.8219 | -35,394.5363 | -38,802.0198 | -34,454.6412 | -28,540.9993 | -45,439.4683 | -37,713.3005 | -38,001.9121 | -36,301.1952 | -42,209.1742 | -37,658.7464 | -47,426.7676 | -38,246.4978 | -37,842.8943 | -49,683.9251 | -34,242.9083 | -29,161.9896 | -43,157.623 | -37,638.9083 | -38,112.144 | -40,018.3463 | -422,529.2974 | -475,399.9248 |
| Enterprise: GROSS MARGIN | BY SEGMENT | 132,763.8516 | 106,514.549 | 134,251.6847 | 108,503.4368 | 128,933.0443 | 157,944.6159 | 147,235.9374 | 162,199.3916 | 219,513.2171 | 120,279.7349 | 119,284.0946 | 118,174.2252 | 125,151.7388 | 102,900.5455 | 209,718.2118 | 101,580.1063 | 104,559.4185 | 236,072.8845 | 106,151.0018 | 110,886.0668 | 140,176.4622 | 96,902.3379 | 96,144.887 | 139,067.2132 | 1,655,597.7831 | 1,569,310.8743 | |
| Enterprise: gross margin % | BY SEGMENT | 55.47% | 50.95% | 55.95% | 51.37% | 53.76% | 57.62% | 54.44% | 58.08% | 61.35% | 49.24% | 49.05% | 48.98% | 45.35% | 41.7% | 57.63% | 41.63% | 42.05% | 60.77% | 43.7% | 45.77% | 49.21% | 41.21% | 40.98% | 49.57% | 54.29% | 47.73% | |
| Gross margin of the products | RECONCILIATION TO THE P&L | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 340,849.7414 | 335,772.0674 | 357,133.7882 | 399,499.0368 | 298,863.5588 | 300,482.4278 | 297,707.4348 | 298,724.6759 | 274,380.3232 | 390,795.1222 | 274,284.3362 | 282,145.8218 | 415,247.5208 | 283,674.1907 | 291,921.1509 | 313,714.4764 | 270,037.2647 | 269,902.6321 | 319,158.4337 | 3,784,228.8951 | 3,683,985.9484 | |
| Unused committed cloud spend (not allocated) | RECONCILIATION TO THE P&L | PL | 0 | 0 | 0 | 0 | 0 | -47,755.4919 | -22,315.455 | -27,832.9607 | -11,113.4805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -109,017.3881 | 0 |
| GROSS PROFIT | RECONCILIATION TO THE P&L | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 293,094.2495 | 313,456.6125 | 329,300.8275 | 388,385.5562 | 298,863.5588 | 300,482.4278 | 297,707.4348 | 298,724.6759 | 274,380.3232 | 390,795.1222 | 274,284.3362 | 282,145.8218 | 415,247.5208 | 283,674.1907 | 291,921.1509 | 313,714.4764 | 270,037.2647 | 269,902.6321 | 319,158.4337 | 3,675,211.507 | 3,683,985.9484 | |
| Check: products less the P&L gross profit (must be zero) | RECONCILIATION TO THE P&L | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Check: segments less products (must be zero) | RECONCILIATION TO THE P&L | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | GROWTH AND REVENUE QUALITY | PL | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 646,091.1347 | 536,349.0672 | 539,521.5324 | 533,620.5516 | 579,073.7034 | 548,262.3983 | 668,925.1306 | 548,685.5524 | 557,476.9025 | 690,849.3364 | 547,390.6062 | 542,177.3736 | 588,461.8765 | 542,511.4757 | 544,113.9653 | 590,189.6492 | 6,461,934.695 | 6,948,117.9701 |
| Revenue growth on the same month a year earlier | GROWTH AND REVENUE QUALITY | Revenue | 50.64% | 48.95% | 46.71% | 45.37% | 46.64% | 33.32% | 50.53% | 35.27% | 32.9% | 15.71% | 24.47% | 20.3% | 16.64% | 15.45% | 30.35% | 12.21% | 6.47% | 21.58% | -3.44% | -5.57% | -8.92% | 1.15% | 0.85% | 10.6% | ||
| Revenue: Developer | GROWTH AND REVENUE QUALITY | PL | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 90,612.2835 | 94,248.6532 | 98,548.3648 | 95,086.9189 | 105,619.1386 | 104,033.094 | 107,404.7783 | 107,331.9345 | 111,793.9622 | 105,635.8679 | 108,607.9889 | 105,765.7896 | 109,148.1712 | 112,457.5959 | 114,401.7455 | 114,881.2737 | 1,044,903.8694 | 1,307,081.3403 |
| Revenue: Team | GROWTH AND REVENUE QUALITY | PL | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 197,646.2604 | 197,851.2712 | 197,789.506 | 197,249.0644 | 197,501.7017 | 197,484.6015 | 197,644.4919 | 197,370.7928 | 197,005.7051 | 196,772.7599 | 195,892.5376 | 194,159.1781 | 194,488.0008 | 194,930.7482 | 195,093.4349 | 194,759.2179 | 2,367,278.5721 | 2,353,103.1704 |
| Revenue: Enterprise | GROWTH AND REVENUE QUALITY | PL | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 357,832.5908 | 244,249.1427 | 243,183.6617 | 241,284.5683 | 275,952.8631 | 246,744.7028 | 363,875.8604 | 243,982.8251 | 248,677.2352 | 388,440.7086 | 242,890.0798 | 242,252.4059 | 284,825.7044 | 235,123.1316 | 234,618.785 | 280,549.1577 | 3,049,752.2535 | 3,287,933.4594 |
| Pure usage revenue, share | GROWTH AND REVENUE QUALITY | Revenue | 23.04% | 25.85% | 22.37% | 23.95% | 25.65% | 22.26% | 22.84% | 22.45% | 18.91% | 24.64% | 24.72% | 30.39% | 31.34% | 28.24% | 28.36% | 33.83% | 36.02% | 19.84% | 25.55% | 25.23% | 23.82% | 28.68% | 27.77% | 29.77% | 23.8% | 28.05% |
| Enterprise net revenue retention on usage, trailing 12 months | GROWTH AND REVENUE QUALITY | Enterprise | 115.06% | 121.99% | 109.5% | 115.49% | 111.83% | 111.67% | 117.95% | 116.77% | 114.59% | 110.97% | 110.23% | 109.85% | 107.4% | 99.35% | 106.61% | 101.78% | 101.74% | 93.66% | 89.79% | 89.25% | 89.27% | 89.26% | 89.33% | 89.31% | 109.85% | 89.31% |
| Team customers | GROWTH AND REVENUE QUALITY | Team | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 379.4084 | 379.0439 | 378.1692 | 376.3831 | 376.113 | 375.3297 | 374.8838 | 373.6175 | 372.182 | 370.9999 | 368.6031 | 364.6123 | 364.5008 | 364.6014 | 364.1773 | 362.8278 | 376.3831 | 362.8278 |
| Developer credit packs sold | GROWTH AND REVENUE QUALITY | Credits | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 106,126.3106 | 108,175.4985 | 106,745.2567 | 103,088.6677 | 111,453.3243 | 109,979.7447 | 112,655.2172 | 109,486.5586 | 109,470.0249 | 111,687.2385 | 105,819.6359 | 96,674.6367 | 119,585.7832 | 121,894.8594 | 120,283.2271 | 116,162.891 | 1,130,192.7335 | 1,345,153.1415 |
| Breakage recognised | GROWTH AND REVENUE QUALITY | Credits | 8,739.2959 | 11,852.7686 | 9,229.9936 | 10,226.8573 | 8,527.2491 | 9,335.8959 | 10,244.6459 | 8,177.3327 | 9,190.8832 | 9,304.973 | 11,343.6912 | 6,953.4526 | 14,964.8233 | 11,800.5049 | 13,486.6839 | 12,654.5461 | 16,607.563 | 9,561.4841 | 13,088.3311 | 12,523.7715 | 13,097.7805 | 13,494.9115 | 13,728.2095 | 13,785.7528 | 113,127.0391 | 158,794.3622 |
| Enterprise accounts with a commitment | GROWTH AND REVENUE QUALITY | Enterprise | 13 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 14 | 19 |
| Realised price: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1883 | 9.5925 | 9.6417 | 9.4379 | 8.1325 | 7.7197 | 9.5891 | 7.7341 | 7.783 | 9.0753 | 7.8058 | 7.7693 | 8.6593 | 7.7917 | 7.7986 | 8.4935 | 10.1489 | 8.197 |
| Realised price: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7506 | 7.0227 | 7.052 | 6.9254 | 5.8897 | 5.656 | 6.5423 | 5.679 | 5.7031 | 8.1903 | 5.7428 | 5.7548 | 5.9549 | 5.7102 | 5.7132 | 6.1684 | 7.4743 | 6.0593 |
| Realised price: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.9777 | 16.6843 | 16.7459 | 16.5431 | 13.7049 | 13.3812 | 16.2269 | 13.4054 | 13.4455 | 16.7156 | 13.5551 | 13.5083 | 14.5609 | 13.4735 | 13.4861 | 14.262 | 17.5956 | 14.1455 |
| Compute cost: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 1.4329 | 1.3672 | 1.3534 | 1.3314 | 1.3233 | 1.3694 | 1.353 | 1.3359 | 1.4035 | 1.3861 | 1.3837 | 1.3822 | 1.3112 | 1.3243 | 1.3164 | 1.3084 | 1.3072 | 1.2929 | 1.3107 | 1.3122 | 1.3166 | 1.3096 | 1.3071 | 1.3095 | 1.3683 | 1.3105 |
| Compute cost: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 2.9714 | 2.9014 | 3.018 | 2.8498 | 2.9817 | 2.9407 | 2.9465 | 2.938 | 3.0998 | 2.8945 | 2.8916 | 2.8919 | 2.8325 | 2.8503 | 2.8265 | 2.831 | 2.8303 | 2.8567 | 2.8328 | 2.8353 | 2.8246 | 2.8299 | 2.8271 | 2.8281 | 2.9435 | 2.8338 |
| Compute cost: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 5.8016 | 5.7414 | 5.9338 | 5.6325 | 5.9807 | 5.7771 | 5.8444 | 5.8143 | 6.2041 | 5.6515 | 5.6501 | 5.6497 | 5.5263 | 5.54 | 5.5362 | 5.5386 | 5.5335 | 5.5347 | 5.5441 | 5.5466 | 5.5436 | 5.545 | 5.5439 | 5.5337 | 5.8064 | 5.5388 |
| Compute in cost of revenue % of revenue | PRICE AND COST TO SERVE (EUR per 1,000 units) | PL | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 24.46% | 27.61% | 27.47% | 27.96% | 31.97% | 33.49% | 27.55% | 33.13% | 32.99% | 26.14% | 32.9% | 32.97% | 30.39% | 32.96% | 32.91% | 30.53% | 26.37% | 31.3% |
| Gross margin % | PRICE AND COST TO SERVE (EUR per 1,000 units) | PL | 58.91% | 57.75% | 58.89% | 57.71% | 57.84% | 51.58% | 55.29% | 57.36% | 60.11% | 55.72% | 55.69% | 55.79% | 51.59% | 50.05% | 58.42% | 49.99% | 50.61% | 60.11% | 51.82% | 53.84% | 53.31% | 49.78% | 49.6% | 54.08% | 56.87% | 53.02% |
| Gross margin %: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 71.54% | 71.04% | 71.2% | 70.48% | 71.02% | 72.09% | 72.33% | 74.82% | 74.84% | 68.89% | 68.81% | 69.1% | 67.45% | 66.38% | 72.27% | 66.21% | 66.81% | 71.92% | 67.92% | 69.92% | 68.53% | 65.93% | 65.75% | 69.2% | 71.45% | 68.32% |
| Gross margin %: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 46.54% | 44.66% | 48.33% | 44.59% | 43.98% | 48.44% | 46.25% | 51.09% | 46.31% | 42.24% | 42.28% | 42.11% | 35.58% | 33.25% | 42.82% | 33.37% | 34.08% | 51.56% | 35.49% | 37.65% | 36.32% | 33.28% | 33.13% | 38.85% | 45.67% | 37.69% |
| Gross margin %: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 51.65% | 50.85% | 51.6% | 50.87% | 51.21% | 52.26% | 52.98% | 55.76% | 55.12% | 49.32% | 49.29% | 49.46% | 43.09% | 42.01% | 51.76% | 41.69% | 42.33% | 53.02% | 43.71% | 45.64% | 45.52% | 41.46% | 41.28% | 45.67% | 51.81% | 45.05% |
| Gross margin %: Developer | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 63.02% | 64.45% | 62.36% | 63.51% | 62.15% | 63.05% | 64.62% | 66.79% | 63.18% | 61.66% | 61.92% | 61.54% | 58.69% | 57.78% | 60.49% | 57.68% | 59.03% | 59.76% | 59.34% | 61.37% | 58.18% | 57.34% | 57.16% | 59.17% | 63.15% | 58.82% |
| Gross margin %: Team | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 61.73% | 62.48% | 61.08% | 62.11% | 60.94% | 61.83% | 63.17% | 65.82% | 62.1% | 60.89% | 60.76% | 61.35% | 56.5% | 56.39% | 58.74% | 56.14% | 56.64% | 58.98% | 57.72% | 59.81% | 56.58% | 55.74% | 55.55% | 57.57% | 62.04% | 57.2% |
| Gross margin %: Enterprise | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 55.47% | 50.95% | 55.95% | 51.37% | 53.76% | 57.62% | 54.44% | 58.08% | 61.35% | 49.24% | 49.05% | 48.98% | 45.35% | 41.7% | 57.63% | 41.63% | 42.05% | 60.77% | 43.7% | 45.77% | 49.21% | 41.21% | 40.98% | 49.57% | 54.29% | 47.73% |
| Reserved GPU capacity used | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 82.04% | 85% | 83.52% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 84.63% | 85% |
| On-demand GPU hours | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 843.7481 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 843.7481 |
| Provider A commitment: utilisation to date | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Commitments | 84.95% | 82.58% | 82.3% | 82.05% | 82.11% | 82.73% | 83.64% | 84.37% | 84.48% | 84.68% | 84.74% | 84.91% | 108.81% | 108.85% | 108.77% | 108.27% | 108.34% | 108.02% | 107.99% | 107.93% | 107.75% | 107.75% | 107.62% | 107.65% | 84.91% | 107.65% |
| Provider A commitment: expected shortfall for the year (USD) | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Commitments | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 117,738.7791 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 117,738.7791 | 0 |
| Share of compute: Provider A | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 35.53% | 33.54% | 34.4% | 34.14% | 32.69% | 33.95% | 32.88% | 32.63% | 32.19% | 34.6% | 34.29% | 34.48% | 31.72% | 32.03% | 31.79% | 31.71% | 31.81% | 31.78% | 32.11% | 32.27% | 31.99% | 32.27% | 31.95% | 32.15% | 33.74% | 31.96% |
| Share of compute: model API vendor B | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 58.3% | 60.05% | 59.59% | 59.18% | 60.89% | 59.58% | 60.74% | 60.95% | 61.69% | 58.94% | 59.23% | 59.05% | 61.51% | 61.23% | 61.45% | 61.46% | 61.39% | 61.48% | 61.17% | 60.99% | 61.18% | 60.97% | 61.25% | 61.07% | 59.88% | 61.26% |
| Revenue running on vendor B models | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 56.05% | 56.95% | 57.65% | 55.96% | 56.25% | 55.44% | 57.42% | 58.61% | 53.95% | 56.62% | 56.58% | 56.72% | 55.99% | 56.45% | 55.24% | 56.25% | 56.28% | 59.94% | 56.55% | 56.53% | 54.94% | 56.24% | 56.22% | 55.76% | 56.48% | 56.41% |
| Cash at bank | CASH, RESEARCH TAX CREDIT AND PEOPLE | BS | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 8,858,524.638 | 8,321,354.6216 | 7,847,910.8358 | 7,536,276.1494 | 6,863,858.943 | 6,362,011.335 | 6,059,861.6776 | 5,407,935.7229 | 4,923,685.7093 | 4,605,453.9126 | 3,996,474.5988 | 3,427,671.9058 | 3,070,536.2272 | 2,446,741.0176 | 1,918,094.8112 | 2,689,612.8649 | 7,536,276.1494 | 2,689,612.8649 |
| Minimum cash buffer (board policy) | CASH, RESEARCH TAX CREDIT AND PEOPLE | Assumptions | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Headroom over the buffer | CASH, RESEARCH TAX CREDIT AND PEOPLE | 8,693,806.8483 | 8,333,821.8783 | 7,916,994.514 | 7,274,323.744 | 6,846,282.7674 | 6,444,647.2574 | 6,747,127.2531 | 6,337,248.9223 | 5,858,524.638 | 5,321,354.6216 | 4,847,910.8358 | 4,536,276.1494 | 3,863,858.943 | 3,362,011.335 | 3,059,861.6776 | 2,407,935.7229 | 1,923,685.7093 | 1,605,453.9126 | 996,474.5988 | 427,671.9058 | 70,536.2272 | -553,258.9824 | -1,081,905.1888 | -310,387.1351 | 4,536,276.1494 | -310,387.1351 | |
| Net burn (cash used before financing) | CASH, RESEARCH TAX CREDIT AND PEOPLE | CF | 506,193.1517 | 359,984.97 | 416,827.3643 | 642,670.77 | 428,040.9766 | 401,635.51 | -302,479.9957 | 409,878.3308 | 478,724.2843 | 537,170.0165 | 473,443.7857 | 311,634.6864 | 672,417.2064 | 501,847.608 | 302,149.6574 | 651,925.9547 | 484,250.0137 | 318,231.7967 | 608,979.3138 | 568,802.693 | 357,135.6786 | 623,795.2097 | 528,646.2064 | -771,518.0538 | 4,663,723.8506 | 4,846,663.2845 |
| Average net burn, last three months | CASH, RESEARCH TAX CREDIT AND PEOPLE | CF | 506,193.1517 | 433,089.0608 | 427,668.4953 | 473,161.0348 | 495,846.3703 | 490,782.4189 | 175,732.1636 | 169,677.9484 | 195,374.2065 | 475,257.5439 | 496,446.0288 | 440,749.4962 | 485,831.8929 | 495,299.8336 | 492,138.1573 | 485,307.74 | 479,441.8752 | 484,802.5883 | 470,487.0414 | 498,671.2678 | 511,639.2285 | 516,577.8604 | 503,192.3649 | 126,974.4541 | 440,749.4962 | 126,974.4541 |
| Runway to the buffer (months at the last three months burn; 60 = cash generative) | CASH, RESEARCH TAX CREDIT AND PEOPLE | 17.1749 | 19.2427 | 18.512 | 15.3739 | 13.8073 | 13.1314 | 38.3944 | 37.3487 | 29.9862 | 11.1968 | 9.7652 | 10.2922 | 7.9531 | 6.7878 | 6.2175 | 4.9617 | 4.0123 | 3.3116 | 2.118 | 0.8576 | 0.1379 | 0 | 0 | 0 | 10.2922 | 0 | |
| Research tax credit receivable | CASH, RESEARCH TAX CREDIT AND PEOPLE | Research_Credit | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,913.1726 | 946,305.5611 | 1,040,421.7644 | 1,134,261.7926 | 1,233,274.6125 | 1,331,989.8532 | 1,431,830.5395 | 1,531,377.6092 | 1,630,631.907 | 1,730,236.5469 | 1,829,550.5053 | 1,928,574.624 | 2,028,733.7258 | 2,128,598.232 | 2,228,169.0155 | 1,193,189.3076 | 1,134,261.7926 | 1,193,189.3076 |
| Research tax credit accrued | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,543.835 | 94,392.3885 | 94,116.2033 | 93,840.0283 | 99,012.8198 | 98,715.2407 | 99,840.6863 | 99,547.0697 | 99,254.2979 | 99,604.6398 | 99,313.9584 | 99,024.1187 | 100,159.1019 | 99,864.5062 | 99,570.7835 | 99,282.0847 | 1,134,261.7926 | 1,193,189.3076 |
| EBITDA | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | -382,177.4006 | -430,481.3774 | -430,888.4967 | -460,324.9603 | -361,410.4906 | -473,889.7719 | -359,287.2485 | -184,909.7429 | -318,936.7439 | -422,974.2537 | -412,168.6069 | -370,616.551 | -440,699.7246 | -450,925.2058 | -347,609.4689 | -464,282.4128 | -394,268.6561 | -351,213.9393 | -391,966.5271 | -247,130.1198 | -421,020.384 | -461,474.2527 | -453,839.2669 | -365,414.5633 | -4,608,065.6446 | -4,789,844.5215 |
| EBITDA before the research tax credit | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | -471,388.0088 | -523,598.8676 | -524,969.2233 | -557,963.9059 | -457,724.353 | -570,441.0603 | -456,228.8009 | -279,424.6067 | -412,480.579 | -517,366.6422 | -506,284.8102 | -464,456.5793 | -539,712.5444 | -549,640.4465 | -447,450.1552 | -563,829.4825 | -493,522.954 | -450,818.5792 | -491,280.4855 | -346,154.2385 | -521,179.4858 | -561,338.7589 | -553,410.0504 | -464,696.648 | -5,742,327.4373 | -5,983,033.8291 |
| Contract liabilities (Developer credits and Enterprise) | CASH, RESEARCH TAX CREDIT AND PEOPLE | BS | 615,710.1141 | 636,065.6755 | 571,616.2718 | 692,385.4545 | 671,452.0455 | 591,316.3095 | 750,837.1436 | 667,955.9309 | 505,449.9648 | 686,385.3674 | 662,294.8366 | 594,892.7725 | 785,328.5162 | 806,437.1393 | 576,638.128 | 796,243.6774 | 788,754.5399 | 575,119.2593 | 753,072.1508 | 678,559.3759 | 567,706.5144 | 747,781.1669 | 712,335.2064 | 589,092.6874 | 594,892.7725 | 589,092.6874 |
| Headcount | CASH, RESEARCH TAX CREDIT AND PEOPLE | People | 71 | 73 | 76 | 78 | 78 | 79 | 78 | 77 | 76.4377 | 76.8799 | 77.1005 | 76.8153 | 79.0338 | 79.2374 | 79.4364 | 80.1433 | 79.8441 | 80.0476 | 80.2544 | 79.9602 | 80.1685 | 79.8763 | 79.5852 | 79.2968 | 76.8153 | 79.2968 |
| Revenue per employee, annualised | CASH, RESEARCH TAX CREDIT AND PEOPLE | 83,908.6759 | 78,063.6507 | 81,028.4074 | 75,226.155 | 80,550.6168 | 86,312.8536 | 87,216.3424 | 89,477.0015 | 101,430.2759 | 83,717.4482 | 83,971.6507 | 83,361.6105 | 87,922.9771 | 83,030.8782 | 101,050.6833 | 82,155.6847 | 83,784.8328 | 103,565.8432 | 81,848.2658 | 81,367.1175 | 88,083.7331 | 81,502.7495 | 82,042.437 | 89,313.4789 | 83,361.6105 | 89,313.4789 |
| Code | Account (fictional) | Country | Sector | VAT on invoices | First contract start (month) | Start month no. | Status | Annual commitment at 31-Dec-25 (live) or at signature | Usage in Dec-25 (live) or first month | Usage in the contract year to 31-Dec-25 | Contract position at 31-Dec-25 (+ billed ahead) | Usage growth a month | Mix: Document AI | Mix: Voice AI | Mix: Agent workspace | Discount to list | Payment terms (days) | Probability Base (renewal or win) | Probability Downside | Probability Upside | Probability selected | Effective start month no. | Renewal month | Units weight: Document AI (mix / (1 - discount)) | Units weight: Voice AI | Units weight: Agent workspace | Usage at the last actual month | Commitment at the last actual month | Revenue FY2026 | Revenue FY2027 | Share of FY2026 revenue | Compute cost FY2026 | Gross margin FY2026 after compute and support | Gross margin % FY2026 | Account note (fictional) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E01 | Tervane Assurances | FR | Insurance | 0.2 | 2023-06-30 | -30 | Live | 350,000 | 30,464.04 | 210,540.34 | 51,959.66 | 0.022 | 0.55 | 0.3 | 0.15 | 0.35 | 45 | 0.92 | 0.8 | 0.96 | 0.8 | -30 | June | 0.8462 | 0.4615 | 0.2308 | 40,247.35 | 380,000 | 427,826.6022 | 477,171.6278 | 0.0662 | 149,306.4394 | 219,021.8103 | 51.19% | Largest account: claims automation across three business lines. Renewed in June 2026 at EUR 380k (from EUR 350k). May overage invoice disputed: the account says calls retried during the 28 April incident were billed twice; engineering review under way. |
| E02 | Draxholm Logistik | DE | Logistics | 0 | 2023-10-31 | -26 | Live | 280,000 | 15,697.01 | 48,319.36 | 21,680.64 | 0.02 | 0.6 | 0.15 | 0.25 | 0.32 | 45 | 0.9 | 0.78 | 0.95 | 0.78 | -26 | October | 0.8824 | 0.2206 | 0.3676 | 18,115.84 | 280,000 | 275,357.6387 | 213,111.7429 | 0.0426 | 60,837.2112 | 176,226.1145 | 64% | |
| E03 | Lunedo Banca | IT | Banking | 0 | 2024-02-29 | -22 | Live | 300,000 | 24,425.69 | 278,236.16 | 21,763.84 | 0.018 | 0.45 | 0.35 | 0.2 | 0.35 | 60 | 0.9 | 0.75 | 0.95 | 0.75 | -22 | February | 0.6923 | 0.5385 | 0.3077 | 34,339 | 320,000 | 385,668.44 | 348,677.7377 | 0.0597 | 144,364.1092 | 187,668.9639 | 48.66% | |
| E04 | Kellbrook Utilities | UK | Utilities | 0 | 2024-04-30 | -20 | Live | 190,000 | 13,482.78 | 115,287.16 | 27,212.84 | 0.017 | 0.2 | 0.6 | 0.2 | 0.3 | 45 | 0.85 | 0.65 | 0.92 | 0.65 | -20 | April | 0.2857 | 0.8571 | 0.2857 | 14,639.43 | 210,000 | 211,135.7036 | 168,395.9615 | 0.0327 | 77,600.9027 | 104,171.9084 | 49.34% | Used EUR 159k of its EUR 190k commitment in the contract year to March 2026: the unused EUR 31k was recognised at the end of that year. Renewed in April at EUR 210k. |
| E05 | Ambrelle Sante | FR | Health insurance | 0.2 | 2024-07-31 | -17 | Live | 240,000 | 15,974.95 | 96,442.69 | 23,557.31 | 0.019 | 0.5 | 0.35 | 0.15 | 0.33 | 45 | 0.92 | 0.8 | 0.96 | 0.8 | -17 | July | 0.7463 | 0.5224 | 0.2239 | 16,481.85 | 260,000 | 243,468.4614 | 249,984.6024 | 0.0377 | 66,445.7156 | 143,163.2984 | 58.8% | |
| E06 | Veskari Telecom | FI | Telecoms | 0 | 2024-09-30 | -15 | Live | 220,000 | 15,803.33 | 61,067.49 | 48,932.51 | 0.016 | 0.15 | 0.55 | 0.3 | 0.3 | 45 | 0.9 | 0.78 | 0.95 | 0.78 | -15 | September | 0.2143 | 0.7857 | 0.4286 | 17,035.62 | 220,000 | 213,155.2053 | 163,914.7019 | 0.033 | 78,624.7097 | 104,886.7486 | 49.21% | |
| E07 | Oisterra Energia | ES | Energy | 0 | 2024-11-30 | -13 | Live | 170,000 | 13,045.14 | 26,089 | 16,411 | 0.018 | 0.45 | 0.25 | 0.3 | 0.28 | 60 | 0.9 | 0.75 | 0.95 | 0.75 | -13 | November | 0.625 | 0.3472 | 0.4167 | 14,357.32 | 170,000 | 172,425.3931 | 135,844.0747 | 0.0267 | 57,311.5264 | 91,134.463 | 52.85% | |
| E08 | Pravenza Retail | ES | Retail | 0 | 2024-03-31 | -21 | Lost at the Mar-26 renewal | 160,000 | 15,672.11 | 137,847.01 | 22,152.99 | 0.01 | 0.3 | 0.2 | 0.5 | 0.28 | 45 | 0 | 0 | 0 | 0 | -21 | March | 0.4167 | 0.2778 | 0.6944 | 0 | 0 | 30,369.41 | 0 | 0.0047 | 11,222.5229 | 14,923.3772 | 49.14% | Did not renew in March 2026: moved the workload to an in-house model built on an open-weights model. |
| E09 | Solberre Mutuelle | FR | Health insurance | 0.2 | 2025-02-28 | -10 | Live | 180,000 | 13,436.75 | 128,675.77 | 51,324.23 | 0.02 | 0.55 | 0.3 | 0.15 | 0.3 | 45 | 0.92 | 0.8 | 0.96 | 0.8 | -10 | February | 0.7857 | 0.4286 | 0.2143 | 13,202.94 | 190,000 | 204,716.4531 | 166,296.8563 | 0.0317 | 53,264.7466 | 122,981.5468 | 60.07% | |
| E10 | Ivarone Insurance | IE | Insurance | 0 | 2025-04-30 | -8 | Live | 160,000 | 12,917.58 | 98,987.04 | 21,012.96 | 0.021 | 0.5 | 0.3 | 0.2 | 0.3 | 45 | 0.9 | 0.78 | 0.95 | 0.78 | -8 | April | 0.7143 | 0.4286 | 0.2857 | 18,109.19 | 170,000 | 220,371.6054 | 201,998.4798 | 0.0341 | 68,839.2488 | 120,885.0162 | 54.86% | |
| E11 | Mercadel Foods | ES | Food | 0 | 2025-06-30 | -6 | Live | 120,000 | 7,586.71 | 51,335.29 | 38,664.71 | 0.02 | 0.4 | 0.2 | 0.4 | 0.25 | 60 | 0.9 | 0.75 | 0.95 | 0.75 | -6 | June | 0.5333 | 0.2667 | 0.5333 | 11,996.73 | 130,000 | 150,328.2898 | 136,011.4925 | 0.0233 | 40,804.5883 | 88,617.3681 | 58.95% | |
| E12 | Halvesta Travel | DE | Travel | 0 | 2025-08-31 | -4 | Live | 140,000 | 8,451.46 | 41,334.67 | 28,665.33 | 0.019 | 0.25 | 0.35 | 0.4 | 0.27 | 45 | 0.9 | 0.75 | 0.95 | 0.75 | -4 | August | 0.3425 | 0.4795 | 0.5479 | 11,573.31 | 150,000 | 157,641.8391 | 140,570.3587 | 0.0244 | 52,293.7849 | 83,424.6168 | 52.92% | |
| E13 | Varnholm Freight | SE | Logistics | 0 | 2025-10-31 | -2 | Live | 150,000 | 9,066.34 | 26,532.73 | 10,967.27 | 0.022 | 0.55 | 0.15 | 0.3 | 0.28 | 45 | 0.92 | 0.8 | 0.96 | 0.8 | -2 | October | 0.7639 | 0.2083 | 0.4167 | 10,432.39 | 150,000 | 149,341.4055 | 117,729.0001 | 0.0231 | 34,346.1624 | 94,226.1569 | 63.09% | |
| E14 | Brevalle Logistique | FR | Logistics | 0.2 | 2026-04-30 | 4 | Won in 2026 | 240,000 | 11,000 | 0 | 0 | 0.03 | 0.6 | 0.1 | 0.3 | 0.3 | 45 | 0.95 | 0.85 | 0.97 | 0.85 | 4 | April | 0.8571 | 0.1429 | 0.4286 | 12,511.62 | 240,000 | 111,641.131 | 252,953.0625 | 0.0173 | 32,628.6603 | 63,486.4063 | 56.87% | Won in April 2026. |
| E15 | Maltessa Telecom | IT | Telecoms | 0 | 2026-07-31 | 7 | Won in 2026 | 300,000 | 14,000 | 0 | 0 | 0.03 | 0.15 | 0.55 | 0.3 | 0.32 | 60 | 0.95 | 0.85 | 0.97 | 0.85 | 7 | July | 0.2206 | 0.8088 | 0.4412 | 15,807.63 | 300,000 | 96,304.6752 | 312,638.5027 | 0.0149 | 43,730.9886 | 39,180.4814 | 40.68% | Won in July 2026: the largest new commitment of the year. |
| P01 | Grevon Assurances | FR | Insurance | 0.2 | 2026-11-30 | 11 | Pipeline | 360,000 | 16,200 | 0 | 0 | 0.03 | 0.5 | 0.3 | 0.2 | 0.33 | 45 | 0.55 | 0.3 | 0.7 | 0.3 | 13 | November | 0.7463 | 0.4478 | 0.2985 | 0 | 0 | 0 | 108,000 | 0 | 0 | 0 | 0% | Proposal submitted; security review passed. |
| P02 | Aldebrink Logistics | NL | Logistics | 0 | 2026-12-31 | 12 | Pipeline | 240,000 | 10,800 | 0 | 0 | 0.03 | 0.6 | 0.1 | 0.3 | 0.3 | 45 | 0.5 | 0.25 | 0.65 | 0.25 | 14 | December | 0.8571 | 0.1429 | 0.4286 | 0 | 0 | 0 | 32,651.1078 | 0 | 0 | 0 | 0% | Paid pilot running on two warehouses. |
| P03 | Serranova Banca | IT | Banking | 0 | 2027-02-28 | 14 | Pipeline | 420,000 | 18,900 | 0 | 0 | 0.03 | 0.45 | 0.35 | 0.2 | 0.35 | 45 | 0.4 | 0.15 | 0.55 | 0.15 | 16 | February | 0.6923 | 0.5385 | 0.3077 | 0 | 0 | 0 | 27,581.341 | 0 | 0 | 0 | 0% | Procurement; competing with a US vendor. |
| P04 | Kettelby Water | UK | Utilities | 0 | 2027-03-31 | 15 | Pipeline | 180,000 | 8,100 | 0 | 0 | 0.03 | 0.2 | 0.6 | 0.2 | 0.3 | 45 | 0.5 | 0.25 | 0.6 | 0.25 | 17 | March | 0.2857 | 0.8571 | 0.2857 | 0 | 0 | 0 | 17,360.2017 | 0 | 0 | 0 | 0% | Discovery. |
| P05 | Vanthor Energie | DE | Energy | 0 | 2027-05-31 | 17 | Pipeline | 300,000 | 13,500 | 0 | 0 | 0.03 | 0.45 | 0.25 | 0.3 | 0.3 | 45 | 0.45 | 0.2 | 0.6 | 0.2 | 19 | May | 0.6429 | 0.3571 | 0.4286 | 0 | 0 | 0 | 17,042.6074 | 0 | 0 | 0 | 0% | Shortlisted. |
| TOTAL | 2,660,000 | 196,023.89 | 384,305.29 | 248,850.22 | 3,170,000 | 3,049,752.2535 | 3,287,933.4594 | 0.472 | 971,621.3171 | 1,653,998.2768 | 54.23% |
| Measure | Jan-25 | Feb-25 | Mar-25 | Apr-25 | May-25 | Jun-25 | Jul-25 | Aug-25 | Sep-25 | Oct-25 | Nov-25 | Dec-25 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer credits purchased (ex VAT) | 59,181.33 | 57,327.92 | 61,635.47 | 65,423.87 | 70,630.94 | 66,465.34 | 63,741.37 | 60,341.25 | 79,861.34 | 80,534.2 | 79,718.21 | 77,725.58 | 822,586.82 |
| Developer credits used (face value) | 46,250.53 | 46,865.16 | 48,844.87 | 51,057.13 | 54,092.84 | 55,481.6 | 55,761.45 | 55,781.85 | 59,699.39 | 63,158.91 | 65,049.73 | 67,104.41 | 669,147.87 |
| Developer revenue (credits used, breakage and true-ups) | 53,704.6 | 53,288.73 | 55,377.22 | 59,397.34 | 58,952.48 | 62,831.37 | 61,602.74 | 64,980.23 | 67,525.14 | 71,843.39 | 74,715.74 | 77,791.29 | 762,010.27 |
| of which breakage recognised | 7,454.07 | 6,423.57 | 6,532.35 | 8,340.21 | 4,859.64 | 7,349.77 | 5,841.29 | 9,198.38 | 7,825.75 | 8,684.48 | 9,666.01 | 10,686.88 | 92,862.4 |
| Team plan fees | 96,044.75 | 97,888.21 | 105,298.3 | 109,988.46 | 114,651.05 | 118,912.69 | 123,440.32 | 124,638.26 | 131,899.96 | 138,048.09 | 139,939.51 | 143,943.66 | 1,444,693.26 |
| Team usage above the allowance | 16,704.74 | 17,438.89 | 19,252.61 | 19,492.97 | 19,447.48 | 22,355.25 | 21,404.75 | 22,649.61 | 22,137.25 | 26,879.57 | 25,340.03 | 25,822.87 | 258,926.02 |
| Team customers at month end | 231 | 235 | 252 | 262 | 272 | 280 | 290 | 292 | 307 | 322 | 326 | 334 | |
| Team new customers | 18 | 12 | 21 | 17 | 17 | 15 | 16 | 7 | 23 | 22 | 13 | 14 | 195 |
| Team customers lost | 7 | 8 | 4 | 7 | 7 | 7 | 6 | 5 | 8 | 7 | 9 | 6 | 81 |
| Enterprise usage (at contracted prices) | 127,934.74 | 136,097.71 | 136,377.65 | 147,477.03 | 154,125.93 | 166,667.12 | 170,159.88 | 179,920.59 | 181,828.35 | 193,604.26 | 193,461.07 | 196,023.89 | 1,983,678.22 |
| Enterprise unused commitments recognised at contract year end | 35,174.97 | 14,103.78 | 33,487.28 | 0 | 9,862.68 | 55,455.12 | 0 | 32,253.08 | 82,747.07 | 33,143.51 | 0 | 0 | 296,227.49 |
| Enterprise revenue | 163,109.71 | 150,201.49 | 169,864.93 | 147,477.03 | 163,988.61 | 222,122.24 | 170,159.88 | 212,173.67 | 264,575.42 | 226,747.77 | 193,461.07 | 196,023.89 | 2,279,905.71 |
| Enterprise billing | 165,000 | 160,000 | 170,000 | 207,500 | 160,000 | 207,500 | 212,500 | 195,000 | 212,500 | 255,000 | 197,500 | 212,500 | 2,355,000 |
| REVENUE | 329,563.8 | 318,817.32 | 349,793.06 | 336,355.8 | 357,039.62 | 426,221.55 | 376,607.69 | 424,441.77 | 486,137.77 | 463,518.82 | 433,456.35 | 443,581.71 | 4,745,535.26 |
| Units used: Document AI (thousands of pages) | 11,904.6 | 12,550.6 | 12,907.1 | 13,774.6 | 14,438.4 | 15,311.8 | 15,669.5 | 16,096.6 | 16,532.3 | 17,750 | 17,760.2 | 18,071.2 | 182,766.9 |
| Units used: Voice AI (thousands of audio minutes) | 11,456.8 | 11,904.1 | 12,219.9 | 12,920.6 | 13,477.8 | 14,227.3 | 14,474.2 | 15,019.9 | 15,383.3 | 16,130.5 | 16,109.1 | 16,479 | 169,802.5 |
| Units used: Agent workspace (thousands of agent actions) | 4,384.2 | 4,516.5 | 4,682.8 | 4,961.1 | 5,160 | 5,567 | 5,659.9 | 5,947.3 | 6,126.1 | 6,558.7 | 6,623.1 | 6,757.2 | 66,943.9 |
| GPU hours: inference | 4,751 | 4,968.3 | 5,105.3 | 5,421.2 | 5,667.2 | 5,997.5 | 6,118 | 6,320.7 | 6,482.7 | 6,874.9 | 6,873.3 | 7,013.3 | 71,593.4 |
| GPU hours: research | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,346.5 | 1,470.8 | 1,268.1 | 861.3 | 713.9 | 470.7 | 575.5 | 14,706.8 |
| GPU hours: reserved capacity | 8,928 | 8,064 | 8,928 | 8,640 | 8,928 | 8,640 | 8,928 | 8,928 | 8,640 | 8,928 | 8,640 | 8,928 | 105,120 |
| GPU hours: on-demand | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model tokens, vendor B (millions) | 26,900.7 | 27,834.5 | 28,712.1 | 30,387.9 | 31,653.5 | 33,773.8 | 34,348.8 | 35,865.8 | 36,838.2 | 39,032.5 | 39,200.3 | 40,046.4 | 404,594.5 |
| Model tokens, vendor C (millions) | 2,976.1 | 3,137.7 | 3,226.8 | 3,443.6 | 3,609.6 | 3,828 | 3,917.4 | 4,024.1 | 4,133.1 | 4,437.5 | 4,440 | 4,517.8 | 45,691.7 |
| USD per EUR (ECB monthly average) | 1.0353 | 1.0412 | 1.0806 | 1.121 | 1.1278 | 1.1515 | 1.1677 | 1.1631 | 1.1732 | 1.1631 | 1.1561 | 1.1708 | 1.1293 |
| Reserved GPUs used for inference (incl. idle), EUR | 13,802.38 | 12,106.03 | 13,223.76 | 12,246.21 | 12,670.33 | 12,351.12 | 12,453.15 | 12,842.24 | 12,929.14 | 13,771.38 | 13,779.2 | 13,911.33 | 156,086.27 |
| Reserved GPUs used for research, EUR | 3,013.62 | 2,996.54 | 2,887.28 | 2,783.23 | 2,766.45 | 2,280.23 | 2,456.16 | 2,126.03 | 1,431.58 | 1,196.9 | 793.94 | 958.51 | 25,690.47 |
| On-demand GPUs, EUR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B, EUR | 50,249.23 | 52,167.97 | 53,357.42 | 55,510.4 | 56,249.26 | 60,239.9 | 59,266.77 | 62,595.98 | 63,814.16 | 68,650.56 | 68,276.38 | 68,856.47 | 719,234.5 |
| Model API vendor C, EUR | 4,753.35 | 5,102.25 | 5,167.56 | 5,761.86 | 5,696.15 | 6,492.59 | 6,181.8 | 6,249.47 | 6,609.35 | 6,728.26 | 6,996.42 | 7,104.97 | 72,844.03 |
| Hosting, storage and network, EUR | 25,880.88 | 24,699.3 | 24,185.63 | 23,999.21 | 24,152.38 | 23,190.49 | 23,842.72 | 23,349.96 | 23,209.97 | 25,859.86 | 24,822.91 | 24,086.26 | 291,279.57 |
| Provider A spend (USD, counts towards the commitment) | 44,204.07 | 41,441.71 | 43,544.59 | 43,751.12 | 44,648.65 | 43,551.85 | 45,250.74 | 44,567.94 | 44,077.94 | 47,487.2 | 45,545.77 | 45,609.79 | 533,681.37 |
| Card processing fees | 3,694.58 | 3,708.2 | 3,998.22 | 4,186.17 | 4,398.83 | 4,457.67 | 4,474.34 | 4,450.64 | 5,023.54 | 5,267.64 | 5,257.97 | 5,309.07 | 54,226.87 |
| Payroll cost: research and development | 333,664.86 | 337,717.47 | 341,770.08 | 345,822.69 | 349,875.3 | 353,927.91 | 357,980.52 | 362,033.13 | 366,085.74 | 370,138.34 | 374,190.95 | 378,243.56 | 4,271,450.55 |
| Payroll cost: solutions, support and customer success | 55,360.48 | 56,032.87 | 56,705.27 | 57,377.66 | 58,050.06 | 58,722.45 | 59,394.85 | 60,067.24 | 60,739.64 | 61,412.03 | 62,084.42 | 62,756.82 | 708,703.79 |
| Payroll cost: sales and marketing | 93,526.29 | 94,662.23 | 95,798.18 | 96,934.13 | 98,070.08 | 99,206.02 | 100,341.97 | 101,477.92 | 102,613.86 | 103,749.81 | 104,885.76 | 106,021.7 | 1,197,287.95 |
| Payroll cost: general and administrative | 54,942.58 | 55,609.89 | 56,277.21 | 56,944.53 | 57,611.85 | 58,279.17 | 58,946.49 | 59,613.81 | 60,281.13 | 60,948.44 | 61,615.76 | 62,283.08 | 703,353.94 |
| Sales commissions incl. employer contributions | 0 | 42,025.54 | 14,008.51 | 30,643.62 | 0 | 41,150 | 21,012.77 | 12,257.45 | 19,261.7 | 37,647.88 | 14,884.04 | 0 | 232,891.51 |
| Overheads | 137,445.7 | 124,573.81 | 151,777.15 | 137,133.06 | 133,542.24 | 149,687.93 | 123,124.9 | 135,361.08 | 135,688.37 | 142,723.51 | 130,471.23 | 135,093.41 | 1,636,622.39 |
| Research tax credit (CIR) accrued | 74,476.42 | 74,590.28 | 74,685.16 | 75,570.76 | 76,456.35 | 77,341.95 | 78,227.54 | 79,113.14 | 79,998.73 | 80,884.33 | 81,769.92 | 82,655.52 | 935,770.1 |
| Cost of revenue | 153,740.9 | 153,816.62 | 156,637.86 | 159,081.51 | 161,217.01 | 165,454.22 | 165,613.63 | 169,555.53 | 172,325.8 | 181,689.73 | 181,217.3 | 182,024.92 | 2,002,375.03 |
| Gross profit | 175,822.9 | 165,000.7 | 193,155.2 | 177,274.29 | 195,822.61 | 260,767.33 | 210,994.06 | 254,886.24 | 313,811.97 | 281,829.09 | 252,239.05 | 261,556.79 | 2,743,160.23 |
| EBITDA | -372,293.73 | -417,994.5 | -394,678.05 | -417,416.21 | -369,586.96 | -366,421.98 | -374,641.21 | -338,870.04 | -291,551.68 | -353,691.46 | -352,832.71 | -338,387.95 | -4,388,366.48 |
| Net cash flow before financing | -469,604 | -517,367 | -495,291 | -481,434 | -457,915 | -440,835 | -474,700 | -434,681 | 229,420 | -411,847 | -416,413 | -413,982 | -4,784,649 |
| Headcount (average in the month) | 61.8 | 62.5 | 63.2 | 64 | 64.8 | 65.5 | 66.2 | 67 | 67.8 | 68.5 | 69.2 | 70 | |
| E01 Tervane Assurances | 26,894.73 | 26,876.39 | 27,272.05 | 26,502.86 | 27,925.1 | 28,589 | 29,883.25 | 30,818.27 | 30,830.02 | 30,975.49 | 28,980.27 | 30,464.04 | 346,011.47 |
| E02 Draxholm Logistik | 14,867.67 | 14,577.97 | 13,853.5 | 14,267.47 | 14,911.9 | 15,354.52 | 15,341.01 | 15,099.27 | 14,754.34 | 16,138.38 | 16,483.97 | 15,697.01 | 181,347.01 |
| E03 Lunedo Banca | 24,290.16 | 23,627.37 | 22,697.35 | 23,344.07 | 26,340.8 | 27,003.97 | 27,524.98 | 27,508.01 | 25,913.41 | 25,569.46 | 24,281.05 | 24,425.69 | 302,526.32 |
| E04 Kellbrook Utilities | 12,908.77 | 12,194.39 | 12,691.89 | 12,987.69 | 12,404.49 | 12,211.52 | 13,375.63 | 12,699.13 | 12,604.59 | 12,764.76 | 12,756.57 | 13,482.78 | 153,082.21 |
| E05 Ambrelle Sante | 13,737.88 | 12,857.69 | 13,884.29 | 14,380.9 | 14,607.98 | 15,531.08 | 15,993.28 | 15,549.15 | 16,433.73 | 16,833.14 | 15,658.44 | 15,974.95 | 181,442.51 |
| E06 Veskari Telecom | 14,175.4 | 14,687.41 | 14,180.96 | 13,828.39 | 14,616.25 | 16,033.19 | 14,223.49 | 14,418.51 | 14,506.23 | 15,234.26 | 15,523.67 | 15,803.33 | 177,231.09 |
| E07 Oisterra Energia | 9,349.14 | 9,630.24 | 9,676.7 | 9,778.56 | 10,523.4 | 11,064.13 | 11,051.52 | 11,663.93 | 12,283.66 | 12,857.58 | 13,043.86 | 13,045.14 | 133,967.86 |
| E08 Pravenza Retail | 11,710.99 | 11,646.25 | 12,217.73 | 13,344.04 | 13,070.47 | 13,162.42 | 13,651.89 | 13,646.06 | 14,032.17 | 13,801.57 | 15,248.55 | 15,672.11 | 161,204.25 |
| E09 Solberre Mutuelle | 0 | 10,000 | 9,903.18 | 10,043.05 | 10,371.54 | 10,489.44 | 11,535.04 | 11,891.42 | 13,054.63 | 13,817.97 | 14,132.75 | 13,436.75 | 128,675.77 |
| E10 Ivarone Insurance | 0 | 0 | 0 | 9,000 | 9,354 | 10,227.85 | 10,524.07 | 11,452.9 | 11,404 | 11,526.01 | 12,580.63 | 12,917.58 | 98,987.04 |
| E11 Mercadel Foods | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,055.72 | 7,173.94 | 7,375.15 | 7,334.41 | 7,809.36 | 7,586.71 | 51,335.29 |
| E12 Halvesta Travel | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,636.42 | 8,251.23 | 7,995.56 | 8,451.46 | 41,334.67 |
| E13 Varnholm Freight | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,500 | 8,966.39 | 9,066.34 | 26,532.73 |
| E14 Brevalle Logistique | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E15 Maltessa Telecom | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E01 Tervane Assurances | 26,894.73 | 26,876.39 | 27,272.05 | 26,502.86 | 37,787.78 | 28,589 | 29,883.25 | 30,818.27 | 30,830.02 | 30,975.49 | 28,980.27 | 30,464.04 | 355,874.15 |
| E02 Draxholm Logistik | 14,867.67 | 14,577.97 | 13,853.5 | 14,267.47 | 14,911.9 | 15,354.52 | 15,341.01 | 15,099.27 | 97,501.41 | 16,138.38 | 16,483.97 | 15,697.01 | 264,094.08 |
| E03 Lunedo Banca | 59,465.13 | 23,627.37 | 22,697.35 | 23,344.07 | 26,340.8 | 27,003.97 | 27,524.98 | 27,508.01 | 25,913.41 | 25,569.46 | 24,281.05 | 24,425.69 | 337,701.29 |
| E04 Kellbrook Utilities | 12,908.77 | 12,194.39 | 46,179.17 | 12,987.69 | 12,404.49 | 12,211.52 | 13,375.63 | 12,699.13 | 12,604.59 | 12,764.76 | 12,756.57 | 13,482.78 | 186,569.49 |
| E05 Ambrelle Sante | 13,737.88 | 12,857.69 | 13,884.29 | 14,380.9 | 14,607.98 | 70,986.2 | 15,993.28 | 15,549.15 | 16,433.73 | 16,833.14 | 15,658.44 | 15,974.95 | 236,897.63 |
| E06 Veskari Telecom | 14,175.4 | 14,687.41 | 14,180.96 | 13,828.39 | 14,616.25 | 16,033.19 | 14,223.49 | 46,671.59 | 14,506.23 | 15,234.26 | 15,523.67 | 15,803.33 | 209,484.17 |
| E07 Oisterra Energia | 9,349.14 | 9,630.24 | 9,676.7 | 9,778.56 | 10,523.4 | 11,064.13 | 11,051.52 | 11,663.93 | 12,283.66 | 46,001.09 | 13,043.86 | 13,045.14 | 167,111.37 |
| E08 Pravenza Retail | 11,710.99 | 25,750.03 | 12,217.73 | 13,344.04 | 13,070.47 | 13,162.42 | 13,651.89 | 13,646.06 | 14,032.17 | 13,801.57 | 15,248.55 | 15,672.11 | 175,308.03 |
| E09 Solberre Mutuelle | 0 | 10,000 | 9,903.18 | 10,043.05 | 10,371.54 | 10,489.44 | 11,535.04 | 11,891.42 | 13,054.63 | 13,817.97 | 14,132.75 | 13,436.75 | 128,675.77 |
| E10 Ivarone Insurance | 0 | 0 | 0 | 9,000 | 9,354 | 10,227.85 | 10,524.07 | 11,452.9 | 11,404 | 11,526.01 | 12,580.63 | 12,917.58 | 98,987.04 |
| E11 Mercadel Foods | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,055.72 | 7,173.94 | 7,375.15 | 7,334.41 | 7,809.36 | 7,586.71 | 51,335.29 |
| E12 Halvesta Travel | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,636.42 | 8,251.23 | 7,995.56 | 8,451.46 | 41,334.67 |
| E13 Varnholm Freight | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,500 | 8,966.39 | 9,066.34 | 26,532.73 |
| E14 Brevalle Logistique | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E15 Maltessa Telecom | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| purchase month | cohort no | purchased ex vat | used | expired unused | share expired | status |
|---|---|---|---|---|---|---|
| Jan-24 | -23 | 44,651.42 | 38,283.73 | 6,367.69 | 0.1426 | expired in 2025 |
| Feb-24 | -22 | 43,852.51 | 38,561.29 | 5,291.22 | 0.1207 | expired in 2025 |
| Mar-24 | -21 | 40,367.69 | 35,636.48 | 4,731.21 | 0.1172 | expired in 2025 |
| Apr-24 | -20 | 43,900.73 | 37,420.11 | 6,480.62 | 0.1476 | expired in 2025 |
| May-24 | -19 | 46,391.67 | 43,039.33 | 3,352.34 | 0.0723 | expired in 2025 |
| Jun-24 | -18 | 47,011.43 | 41,560.05 | 5,451.38 | 0.116 | expired in 2025 |
| Jul-24 | -17 | 44,051.16 | 40,316.06 | 3,735.1 | 0.0848 | expired in 2025 |
| Aug-24 | -16 | 44,024.66 | 37,340.95 | 6,683.71 | 0.1518 | expired in 2025 |
| Sep-24 | -15 | 53,252.69 | 47,139.63 | 6,113.06 | 0.1148 | expired in 2025 |
| Oct-24 | -14 | 52,460.14 | 46,101.65 | 6,358.49 | 0.1212 | expired in 2025 |
| Nov-24 | -13 | 57,004.97 | 49,464.25 | 7,540.72 | 0.1323 | expired in 2025 |
| Dec-24 | -12 | 52,763.48 | 45,079.94 | 7,683.54 | 0.1456 | expired in 2025 |
| Jan-25 | -11 | 59,181.33 | 52,401.57 | live at 31-Dec-25 | ||
| Feb-25 | -10 | 57,327.92 | 47,495.66 | live at 31-Dec-25 | ||
| Mar-25 | -9 | 61,635.47 | 52,695.73 | live at 31-Dec-25 | ||
| Apr-25 | -8 | 65,423.87 | 53,709.76 | live at 31-Dec-25 | ||
| May-25 | -7 | 70,630.94 | 57,361.55 | live at 31-Dec-25 | ||
| Jun-25 | -6 | 66,465.34 | 51,331.18 | live at 31-Dec-25 | ||
| Jul-25 | -5 | 63,741.37 | 45,864.88 | live at 31-Dec-25 | ||
| Aug-25 | -4 | 60,341.25 | 41,469.06 | live at 31-Dec-25 | ||
| Sep-25 | -3 | 79,861.34 | 48,246.29 | live at 31-Dec-25 | ||
| Oct-25 | -2 | 80,534.2 | 41,428.67 | live at 31-Dec-25 | ||
| Nov-25 | -1 | 79,718.21 | 30,509.73 | live at 31-Dec-25 | ||
| Dec-25 | 0 | 77,725.58 | 17,459.63 | live at 31-Dec-25 |
| Measure | Value |
|---|---|
| history / packs 2024 share expired unused | 0.1225 |
Receivables & payables
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Value |
|---|---|
| as at | 2026-08-31 |
| Counterparty (fictional) | Item / document | Group | Amount (EUR) | Due date | Days past due | Not yet due | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | Action / note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tervane Assurances | May invoice: usage above the commitment (incl. 20% VAT), disputed | Enterprise, France | 18,071.21 | 2026-07-15 | 47 | 0 | 0 | 18,071.21 | 0 | 0 | Disputed: the account says calls retried during the 28 April incident were billed twice. Engineering review of the call logs under way; 30% credit expected (refund liability booked in August). |
| Ambrelle Sante | July invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 78,000 | 2026-09-14 | 0 | 78,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Brevalle Logistique | July invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 22,000 | 2026-09-14 | 0 | 22,000 | 0 | 0 | 0 | 0 | 45-day terms; EUR 50,000.00 received on 28-Aug-26, balance due. |
| Solberre Mutuelle | August invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 57,000 | 2026-10-15 | 0 | 57,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Draxholm Logistik | July invoice: commitment for the contract quarter | Enterprise, outside France | 70,000 | 2026-09-14 | 0 | 70,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Kellbrook Utilities | July invoice: commitment for the contract quarter | Enterprise, outside France | 40,000 | 2026-09-14 | 0 | 40,000 | 0 | 0 | 0 | 0 | 45-day terms; EUR 12,500.00 received on 28-Aug-26, balance due. |
| Maltessa Telecom | July invoice: commitment for the contract quarter | Enterprise, outside France | 75,000 | 2026-09-29 | 0 | 75,000 | 0 | 0 | 0 | 0 | 60-day terms. |
| Halvesta Travel | August invoice: commitment for the contract quarter | Enterprise, outside France | 37,500 | 2026-10-15 | 0 | 37,500 | 0 | 0 | 0 | 0 | 45-day terms. |
| Lunedo Banca | August invoice: commitment for the contract quarter | Enterprise, outside France | 80,000 | 2026-10-30 | 0 | 80,000 | 0 | 0 | 0 | 0 | 60-day terms. |
| Oisterra Energia | August invoice: commitment for the contract quarter | Enterprise, outside France | 42,500 | 2026-10-30 | 0 | 42,500 | 0 | 0 | 0 | 0 | 60-day terms. |
| Value |
|---|
| TOTAL |
| 520,071.21 |
| 502,000 |
| 0 |
| 18,071.21 |
| 0 |
| 0 |
| label | values |
|---|---|
| Enterprise, France: aging vs ledger | [null, null, 175071.21, "Ledger balance", 175071.208, "Difference", 0, null] |
| Enterprise, outside France: aging vs ledger | [null, null, 345000, "Ledger balance", 344999.99, "Difference", 0, null] |
| Measure | Value |
|---|---|
| as at | 2026-08-31 |
| Counterparty (fictional) | Item / document | Group | Amount (EUR) | Due date | Days past due | Not yet due | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | Action / note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cloud provider A | August invoice: reserved GPUs, on-demand GPUs and hosting (USD 58,168 at the August average rate) | Compute suppliers (USD) | 50,175.03 | 2026-09-15 | 0 | 50,175.03 | 0 | 0 | 0 | 0 | Paid by wire on the 15th; reverse charge, no VAT on the invoice. |
| Model API vendor B | August invoice: voice and agent model tokens (USD 108,660 at the August average rate) | Compute suppliers (USD) | 93,729.4 | 2026-09-15 | 0 | 93,729.4 | 0 | 0 | 0 | 0 | Paid by wire on the 15th; reverse charge. |
| Model API vendor C | August invoice: document model tokens (EUR) | Model API vendor C (EUR) | 9,871.04 | 2026-09-15 | 0 | 9,871.04 | 0 | 0 | 0 | 0 | EU supplier: reverse charge. |
| Software, media platforms and travel | August charges on the company cards | Card suppliers | 60,109.26 | 2026-09-05 | 0 | 60,109.26 | 0 | 0 | 0 | 0 | Card statements settled on the 5th. |
| Events agency | August invoice: autumn conference stand and client event (incl. 20% VAT) | French suppliers | 15,751.99 | 2026-09-30 | 0 | 15,751.99 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Audit, legal and accounting advisers | August invoices: audit fieldwork and legal advice (incl. 20% VAT) | French suppliers | 19,053.98 | 2026-09-30 | 0 | 19,053.98 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Job boards and recruitment platforms | August invoice: job advertising (incl. 20% VAT) | French suppliers | 1,200 | 2026-09-30 | 0 | 1,200 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| IT equipment reseller | August invoice: IT equipment (incl. 20% VAT) | French suppliers | 2,622.01 | 2026-09-30 | 0 | 2,622.01 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Value |
|---|
| TOTAL |
| 252,512.71 |
| 252,512.71 |
| 0 |
| 0 |
| 0 |
| 0 |
| label | values |
|---|---|
| Compute suppliers (USD): aging vs schedule | [null, null, 143904.43, "Ledger balance", 143904.4251, "Difference", 0, null] |
| Model API vendor C: aging vs schedule | [null, null, 9871.04, "Ledger balance", 9871.04, "Difference", 0, null] |
| Card suppliers: aging vs schedule | [null, null, 60109.26, "Ledger balance", 60109.26, "Difference", 0, null] |
| French suppliers: aging vs schedule | [null, null, 38627.98, "Ledger balance", 38627.986, "Difference", 0, null] |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Card charges incl. VAT | CARD SALES | Credits and Team | 280,545.1213 | 297,251.0983 | 307,581.0979 | 302,800.4581 | 314,817.3394 | 323,309.6276 | 327,216.2232 | 320,609.3165 | 328,989.5762 | 331,405.6691 | 329,807.9862 | 325,306.3546 | 334,531.9118 | 332,936.5425 | 335,973.5786 | 332,284.7819 | 331,869.1452 | 333,987.6534 | 326,749.8764 | 315,075.3654 | 339,948.7089 | 342,902.0151 | 341,354.897 | 336,581.8409 | 3,789,639.8684 | 4,004,196.3172 |
| Card processing fees | CARD SALES | A: statements; F: rate x charges + fee x charges | 5,639.98 | 5,763.05 | 6,071.85 | 5,962.55 | 6,279.26 | 6,407.25 | 6,447.74 | 6,341.18 | 6,522.5312 | 6,571.7612 | 6,538.8028 | 6,446.731 | 6,635.8901 | 6,602.9263 | 6,664.9777 | 6,589.2928 | 6,581.0093 | 6,624.6608 | 6,476.7645 | 6,238.7094 | 6,749.4603 | 6,809.4467 | 6,777.2594 | 6,679.3667 | 74,992.6862 | 79,429.7641 |
| Payouts received | CARD SALES | A: bank; F: charges less fees | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 322,467.045 | 324,833.9079 | 323,269.1834 | 318,859.6236 | 327,896.0217 | 326,333.6162 | 329,308.601 | 325,695.4891 | 325,288.1359 | 327,362.9926 | 320,273.1119 | 308,836.656 | 333,199.2486 | 336,092.5684 | 334,577.6376 | 329,902.4741 | 3,714,647.1899 | 3,924,766.5531 |
| CARD PROCESSOR BALANCE | CARD SALES | opening + charges - fees - payouts | 0.0013 | -0.0004 | -0.0025 | -0.0044 | -0.005 | -0.0074 | -0.0042 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 |
| Invoiced incl. VAT | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | Enterprise | 72,000 | 57,000 | 105,000 | 144,000 | 75,071.208 | 114,000 | 150,000 | 57,000 | 114,000 | 150,000 | 57,000 | 114,000 | 182,400 | 45,600 | 151,538.1154 | 229,354.2196 | 98,894.076 | 112,800 | 161,040 | 45,600 | 112,800 | 161,040 | 45,600 | 112,800 | 1,209,071.208 | 1,459,466.411 |
| Disputed Tervane May invoice still open | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | A: from June; F: until settled | 0 | 0 | 0 | 0 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivable on current invoices per the collection days (forecast rule) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | invoicing still inside the days | 72,000 | 129,000 | 174,000 | 258,500 | 236,571.208 | 213,071.208 | 276,511.868 | 226,000 | 196,000 | 273,500 | 226,000 | 196,000 | 305,900 | 247,000 | 227,538.1154 | 388,492.335 | 353,504.6481 | 249,919.7793 | 290,322.346 | 225,440 | 185,240 | 281,440 | 225,440 | 185,240 | 196,000 | 185,240 |
| Cash received on current invoices | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | A: bank; F: opening current balance + invoiced - receivable per the rule | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 74,999.998 | 72,500 | 104,500 | 144,000 | 72,500 | 104,500 | 171,000 | 68,400 | 133,881.7629 | 216,384.8689 | 120,637.4333 | 110,482.346 | 153,000 | 64,840 | 101,600 | 153,000 | 1,135,999.998 | 1,470,226.411 |
| Disputed invoice collected | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | drivers: month and share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,228.484 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,228.484 | 0 |
| Credit note on the disputed invoice (incl. VAT) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,842.726 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,842.726 | 0 | |
| Cash received | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 74,999.998 | 72,500 | 104,500 | 151,228.484 | 72,500 | 104,500 | 171,000 | 68,400 | 133,881.7629 | 216,384.8689 | 120,637.4333 | 110,482.346 | 153,000 | 64,840 | 101,600 | 153,000 | 1,143,228.482 | 1,470,226.411 | |
| RECEIVABLE: ACCOUNTS IN FRANCE | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 142,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 170,071.208 | 244,071.208 | 175,071.208 | 214,071.21 | 291,571.21 | 244,071.21 | 196,000 | 305,900 | 247,000 | 227,538.1154 | 388,492.335 | 353,504.6481 | 249,919.7793 | 290,322.346 | 225,440 | 185,240 | 281,440 | 225,440 | 185,240 | 196,000 | 185,240 | |
| VAT on French invoices not yet collected (due when paid) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | receivable x 20 / 120 | 23,666.6667 | 17,500 | 23,833.3333 | 35,666.6667 | 28,511.868 | 28,345.2013 | 40,678.5347 | 29,178.5347 | 35,678.535 | 48,595.2017 | 40,678.535 | 32,666.6667 | 50,983.3333 | 41,166.6667 | 37,923.0192 | 64,748.7225 | 58,917.4414 | 41,653.2965 | 48,387.0577 | 37,573.3333 | 30,873.3333 | 46,906.6667 | 37,573.3333 | 30,873.3333 | 32,666.6667 | 30,873.3333 |
| Invoiced | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | Enterprise | 200,087.31 | 165,716.42 | 85,000 | 202,500 | 157,500 | 87,500 | 277,500 | 160,000 | 75,400 | 260,892.1406 | 152,600.2969 | 110,991.9931 | 298,951.065 | 173,030.4396 | 94,882.8842 | 253,284.8921 | 178,120.6469 | 69,150 | 259,425 | 155,625 | 59,400 | 253,732.8073 | 153,666.3951 | 89,124.0215 | 1,935,688.1606 | 2,038,393.1519 |
| Receivable per the collection days (forecast rule) | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | 200,087.31 | 365,803.73 | 284,064.305 | 315,119.4033 | 374,166.6667 | 278,750 | 391,250 | 452,083.3333 | 281,650 | 362,958.8072 | 426,059.1041 | 307,074.3134 | 435,376.4409 | 490,480.1702 | 317,738.5014 | 377,006.183 | 447,219.3531 | 289,484.7956 | 358,261.7745 | 426,575 | 258,262.5 | 339,070.3073 | 417,299.2025 | 285,079.2179 | 307,074.3134 | 285,079.2179 | |
| Cash received | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | A: bank; F: opening + invoiced - receivable per the rule | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 138,749.99 | 179,583.3333 | 89,500 | 229,976.7838 | 170,648.9375 | 117,926.7104 | 267,624.553 | 194,017.2105 | 107,907.4768 | 226,884.5575 | 190,648.0211 | 87,311.7745 | 227,712.5 | 172,925 | 75,437.5 | 221,344.0061 | 1,855,280.5172 | 2,060,388.2475 |
| RECEIVABLE: ACCOUNTS OUTSIDE FRANCE | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | 283,420.64 | 299,107.96 | 195,477.61 | 259,166.66 | 292,499.99 | 192,499.99 | 335,833.32 | 344,999.99 | 281,650 | 362,958.8072 | 426,059.1041 | 307,074.3134 | 435,376.4409 | 490,480.1702 | 317,738.5014 | 377,006.183 | 447,219.3531 | 289,484.7956 | 358,261.7745 | 426,575 | 258,262.5 | 339,070.3073 | 417,299.2025 | 285,079.2179 | 307,074.3134 | 285,079.2179 | |
| Enterprise receivables | TOTALS | 425,420.64 | 404,107.96 | 338,477.61 | 473,166.66 | 463,571.198 | 362,571.198 | 579,904.528 | 520,071.198 | 495,721.21 | 654,530.0172 | 670,130.3141 | 503,074.3134 | 741,276.4409 | 737,480.1702 | 545,276.6168 | 765,498.518 | 800,724.0012 | 539,404.5749 | 648,584.1205 | 652,015 | 443,502.5 | 620,510.3073 | 642,739.2025 | 470,319.2179 | 503,074.3134 | 470,319.2179 | |
| Debtor days (receivables / invoicing of the last three months x days) | TOTALS | 48.4699 | 48.1855 | 44.4843 | 55.4675 | 55.4546 | 42.269 | 61.9232 | 56.5562 | 54.6904 | 73.6784 | 75.2962 | 54.7412 | 74.4559 | 71.7569 | 51.8541 | 71.8899 | 73.2218 | 52.13 | 67.8505 | 74.6421 | 51.3953 | 72.4272 | 74.3912 | 53.0286 | 54.7412 | 53.0286 | |
| TOTAL CASH RECEIVED FROM CUSTOMERS | TOTALS | 489,238.48 | 535,517.15 | 557,139.6 | 508,648.86 | 550,704.75 | 619,402.38 | 530,935.15 | 591,101.47 | 536,217.033 | 576,917.2412 | 517,269.1834 | 700,064.8914 | 571,044.9592 | 548,760.3266 | 767,933.154 | 588,112.6996 | 567,077.3756 | 770,632.419 | 631,558.5663 | 506,630.7765 | 713,911.7486 | 573,857.5684 | 511,615.1376 | 704,246.4802 | 6,713,156.1891 | 7,455,381.2116 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invoices (USD) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | usage, APIs and any commitment shortfall | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 161,787.8651 | 151,945.9777 | 151,345.5547 | 270,589.9476 | 186,543.1709 | 184,929.8848 | 185,829.3109 | 183,021.6742 | 185,628.7176 | 182,177.6869 | 182,612.4255 | 181,374.7832 | 180,556.1063 | 181,521.5578 | 180,956.7278 | 182,656.8329 | 1,955,277.5451 | 2,197,808.8789 |
| Invoices (EUR at the rate of the month) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 149,803.5788 | 140,690.7201 | 140,134.7729 | 250,546.2478 | 172,725.1583 | 171,231.3748 | 172,064.1767 | 169,464.5132 | 171,878.4422 | 168,683.0434 | 169,085.5792 | 167,939.6141 | 167,181.5799 | 168,075.5165 | 167,552.5257 | 169,126.6971 | 1,730,560.7553 | 2,035,008.2212 | |
| Paid (EUR debited) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | A: bank; F: prior month USD / rate of this month | 107,546.17 | 123,320.74 | 125,872.77 | 124,046.4 | 123,735.7 | 133,093.42 | 134,594.58 | 142,250.18 | 154,470.7407 | 149,803.5788 | 140,690.7201 | 140,134.7729 | 250,546.2478 | 172,725.1583 | 171,231.3748 | 172,064.1767 | 169,464.5132 | 171,878.4422 | 168,683.0434 | 169,085.5792 | 167,939.6141 | 167,181.5799 | 168,075.5165 | 167,552.5257 | 1,599,559.7725 | 2,116,427.7718 |
| Exchange difference on settlement: gain (+) / loss (-) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | balance booked less EUR paid | 266.39 | 903.6018 | -2,821.3025 | 1,577.6786 | -338.2801 | -1,778.6851 | -1,168.6618 | 2,192.8698 | -10,566.3157 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,732.705 | 0 |
| Payable: compute suppliers in USD (EUR) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 149,803.5788 | 140,690.7201 | 140,134.7729 | 250,546.2478 | 172,725.1583 | 171,231.3748 | 172,064.1767 | 169,464.5132 | 171,878.4422 | 168,683.0434 | 169,085.5792 | 167,939.6141 | 167,181.5799 | 168,075.5165 | 167,552.5257 | 169,126.6971 | 250,546.2478 | 169,126.6971 | |
| Payable in USD (memo) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 161,787.8651 | 151,945.9777 | 151,345.5547 | 270,589.9476 | 186,543.1709 | 184,929.8848 | 185,829.3109 | 183,021.6742 | 185,628.7176 | 182,177.6869 | 182,612.4255 | 181,374.7832 | 180,556.1063 | 181,521.5578 | 180,956.7278 | 182,656.8329 | 270,589.9476 | 182,656.8329 | |
| Invoices | MODEL API VENDOR C (EUR, reverse charge) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,764.2135 | 9,702.626 | 9,719.0348 | 9,788.6461 | 12,535.6134 | 12,370.7005 | 12,489.4313 | 12,415.0502 | 12,525.8998 | 12,198.5161 | 12,187.5745 | 12,134.5049 | 12,248.4626 | 12,188.0632 | 12,217.5233 | 12,297.1689 | 110,405.9404 | 147,808.5087 | |
| Paid (15th of the next month) | MODEL API VENDOR C (EUR, reverse charge) | A: bank; F: prior balance | 7,104.97 | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,764.2135 | 9,702.626 | 9,719.0348 | 9,788.6461 | 12,535.6134 | 12,370.7005 | 12,489.4313 | 12,415.0502 | 12,525.8998 | 12,198.5161 | 12,187.5745 | 12,134.5049 | 12,248.4626 | 12,188.0632 | 12,217.5233 | 107,722.2643 | 145,299.9858 |
| Payable: vendor C | MODEL API VENDOR C (EUR, reverse charge) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 9,764.2135 | 9,702.626 | 9,719.0348 | 9,788.6461 | 12,535.6134 | 12,370.7005 | 12,489.4313 | 12,415.0502 | 12,525.8998 | 12,198.5161 | 12,187.5745 | 12,134.5049 | 12,248.4626 | 12,188.0632 | 12,217.5233 | 12,297.1689 | 9,788.6461 | 12,297.1689 | |
| Charges | COMPANY CARD STATEMENTS (software, paid media, travel) | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,345.04 | 73,151.1753 | 67,504.1261 | 67,435.6706 | 61,877.3077 | 61,927.3941 | 66,650.3521 | 62,150.2486 | 62,076.6435 | 62,126.6974 | 62,177.5939 | 55,873.2016 | 62,156.4559 | 66,758.5687 | 62,012.9707 | 61,942.0203 | 818,300.032 | 747,729.4545 | |
| Paid (statement settled on the 5th) | COMPANY CARD STATEMENTS (software, paid media, travel) | A: bank; F: prior balance | 67,925.28 | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,345.04 | 73,151.1753 | 67,504.1261 | 67,435.6706 | 61,877.3077 | 61,927.3941 | 66,650.3521 | 62,150.2486 | 62,076.6435 | 62,126.6974 | 62,177.5939 | 55,873.2016 | 62,156.4559 | 66,758.5687 | 62,012.9707 | 818,789.6414 | 753,223.1048 |
| Payable: card statements | COMPANY CARD STATEMENTS (software, paid media, travel) | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,345.04 | 73,151.1753 | 67,504.1261 | 67,435.6706 | 61,877.3077 | 61,927.3941 | 66,650.3521 | 62,150.2486 | 62,076.6435 | 62,126.6974 | 62,177.5939 | 55,873.2016 | 62,156.4559 | 66,758.5687 | 62,012.9707 | 61,942.0203 | 67,435.6706 | 61,942.0203 | |
| Invoices incl. VAT | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 52,015.608 | 61,986 | 95,719.896 | 62,591.64 | 52,805.772 | 79,688.208 | 42,612.624 | 38,627.988 | 40,200 | 52,080 | 49,480.26 | 43,513.151 | 70,685.5981 | 46,946.8499 | 70,549.0454 | 52,972.0213 | 41,112.3653 | 67,719.0464 | 47,101.4774 | 41,146.9054 | 47,089.7746 | 41,149.4605 | 41,135.2833 | 41,138.5434 | 671,321.147 | 608,746.3708 | |
| Paid (30 days) | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | A: bank; F: prior balance | 48,894.67 | 52,015.61 | 61,986 | 95,719.9 | 62,591.64 | 52,805.77 | 79,688.21 | 42,612.62 | 38,627.986 | 40,200 | 52,080 | 49,480.26 | 43,513.151 | 70,685.5981 | 46,946.8499 | 70,549.0454 | 52,972.0213 | 41,112.3653 | 67,719.0464 | 47,101.4774 | 41,146.9054 | 47,089.7746 | 41,149.4605 | 41,135.2833 | 676,702.666 | 611,120.9783 |
| Payable: French suppliers | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 52,015.608 | 61,985.998 | 95,719.894 | 62,591.634 | 52,805.766 | 79,688.204 | 42,612.618 | 38,627.986 | 40,200 | 52,080 | 49,480.26 | 43,513.151 | 70,685.5981 | 46,946.8499 | 70,549.0454 | 52,972.0213 | 41,112.3653 | 67,719.0464 | 47,101.4774 | 41,146.9054 | 47,089.7746 | 41,149.4605 | 41,135.2833 | 41,138.5434 | 43,513.151 | 41,138.5434 | |
| TOTAL TRADE PAYABLES | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 254,438.8798 | 261,110.7455 | 303,554.6626 | 264,190.2839 | 258,891.9409 | 290,243.2122 | 264,786.1478 | 252,512.7111 | 267,112.8323 | 275,624.5214 | 266,838.1938 | 371,283.7154 | 317,823.6774 | 292,476.3193 | 321,753.0055 | 297,001.8333 | 287,593.3508 | 310,727.3033 | 290,552.2249 | 277,094.2259 | 288,676.2731 | 288,171.6088 | 282,918.303 | 284,504.4297 | 371,283.7154 | 284,504.4297 |
13-week cash forecast
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | 2026-09-18 | 2026-09-25 | 2026-10-02 | 2026-10-09 | 2026-10-16 | 2026-10-23 | 2026-10-30 | 2026-11-06 | 2026-11-13 | 2026-11-20 | 2026-11-27 | 2026-12-04 | 2026-12-11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Card payouts: Developer packs and Team plans (daily, net of fees) | 73,397.2271 | 73,397.2271 | 73,383.6171 | 73,349.5921 | 73,349.5921 | 73,349.5921 | 73,349.5921 | 75,132.3498 | 75,429.4761 | 75,429.4761 | 75,429.4761 | 73,470.0956 | 72,000.5602 |
| Enterprise receipts (month-end payment runs of the accounts) | 0 | 213,749.988 | 0 | 0 | 0 | 0 | 252,083.3333 | 0 | 0 | 0 | 194,000 | 0 | 0 |
| Interest on term deposits (month end) | 0 | 0 | 14,005.8734 | 0 | 0 | 0 | 0 | 13,287.787 | 0 | 0 | 0 | 12,482.0319 | 0 |
| TOTAL RECEIPTS | 73,397.2271 | 287,147.2151 | 87,389.4905 | 73,349.5921 | 73,349.5921 | 73,349.5921 | 325,432.9254 | 88,420.1368 | 75,429.4761 | 75,429.4761 | 269,429.4761 | 85,952.1275 | 72,000.5602 |
| Net pay: salaries and commissions (last working day) | 0 | 0 | -331,108.1243 | 0 | 0 | 0 | -333,546.7127 | 0 | 0 | 0 | 0 | -341,625.4678 | 0 |
| URSSAF for the prior month (DSN date, the 5th) | 0 | 0 | 0 | -238,584.7153 | 0 | 0 | 0 | -240,223.0381 | 0 | 0 | 0 | 0 | -245,107.4965 |
| Income tax withheld at source for the prior month (the 5th) | 0 | 0 | 0 | -47,309.4739 | 0 | 0 | 0 | -47,582.476 | 0 | 0 | 0 | 0 | -48,733.3554 |
| Agirc-Arrco and schemes for the prior month (effective by the 25th) | 0 | -89,269.91 | 0 | 0 | 0 | -82,642.3034 | 0 | 0 | 0 | 0 | -83,277.2652 | 0 | 0 |
| Compute suppliers in USD: Provider A and vendor B (wire on the 15th) | -154,470.7407 | 0 | 0 | 0 | -149,803.5788 | 0 | 0 | 0 | 0 | -140,690.7201 | 0 | 0 | 0 |
| Model API vendor C (15th) | -9,871.04 | 0 | 0 | 0 | -9,764.2135 | 0 | 0 | 0 | 0 | -9,702.626 | 0 | 0 | 0 |
| Company card statements: software, media, travel (5th) | 0 | 0 | 0 | -67,345.04 | 0 | 0 | 0 | -73,151.1753 | 0 | 0 | 0 | 0 | -67,504.1261 |
| French suppliers incl. VAT and equipment (30 days) | -9,013.0475 | -9,013.0475 | -9,031.4394 | -9,077.4194 | -9,077.4194 | -9,077.4194 | -9,077.4194 | -11,712.7742 | -12,152 | -12,152 | -12,152 | -11,592.5497 | -11,172.9619 |
| Rent for the quarter, in advance (first working day) | 0 | 0 | -122,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Insurance (direct debit) | 0 | 0 | 0 | 0 | -4,500 | 0 | 0 | 0 | -4,500 | 0 | 0 | 0 | -4,500 |
| VAT return, CA3 (the 19th) | 0 | -38,769.3256 | 0 | 0 | 0 | -31,279.0072 | 0 | 0 | 0 | -10,362.2326 | 0 | 0 | 0 |
| Local business taxes: CVAE instalment (15 Sep), CFE (15 Dec) | -1,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL PAYMENTS | -175,204.8282 | -137,052.2831 | -462,539.5637 | -362,316.6485 | -173,145.2116 | -122,998.7299 | -342,624.132 | -372,669.4635 | -16,652 | -172,907.5787 | -95,429.2652 | -353,218.0175 | -377,017.94 |
| NET CASH FLOW FOR THE WEEK | -101,807.6011 | 150,094.932 | -375,150.0732 | -288,967.0564 | -99,795.6195 | -49,649.1378 | -17,191.2066 | -284,249.3267 | 58,777.4761 | -97,478.1026 | 174,000.211 | -267,265.89 | -305,017.3798 |
| Opening cash | 9,081,350.8583 | 8,979,543.2572 | 9,129,638.1892 | 8,754,488.116 | 8,465,521.0595 | 8,365,725.44 | 8,316,076.3022 | 8,298,885.0957 | 8,014,635.7689 | 8,073,413.245 | 7,975,935.1424 | 8,149,935.3534 | 7,882,669.4634 |
| CLOSING CASH | 8,979,543.2572 | 9,129,638.1892 | 8,754,488.116 | 8,465,521.0595 | 8,365,725.44 | 8,316,076.3022 | 8,298,885.0957 | 8,014,635.7689 | 8,073,413.245 | 7,975,935.1424 | 8,149,935.3534 | 7,882,669.4634 | 7,577,652.0836 |
| Minimum cash buffer (board policy) | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| HEADROOM / (SHORTFALL) VS BUFFER | 5,979,543.2572 | 6,129,638.1892 | 5,754,488.116 | 5,465,521.0595 | 5,365,725.44 | 5,316,076.3022 | 5,298,885.0957 | 5,014,635.7689 | 5,073,413.245 | 4,975,935.1424 | 5,149,935.3534 | 4,882,669.4634 | 4,577,652.0836 |
| Status | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK |
| Measure | Value |
|---|---|
| low | 7,577,652.0836 |
| lowwk | 2026-12-11 |
| short | 4,577,652.0836 |
| fac | 0 |
| fachead | 0 |
| taxwk | 1,204,990.5991 |
| Measure | Value |
|---|---|
| rec close | 7,577,652.0836 |
| rec dec | -41,375.9352 |
| rec implied | 7,536,276.1484 |
| rec bs | 7,536,276.1494 |
| rec diff | 0 |
Schedules & controls
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Value |
|---|---|
| overall status | OK |
| check | proves | value | tolerance | status |
|---|---|---|---|---|
| Balance sheet balances in every month | Total assets less liabilities and equity, all 24 months | 0 | 0.5 | OK |
| Cash flow: indirect method equals direct method every month | P&L and balance sheet movements equal the sum of the schedule cash lines | 0 | 0.5 | OK |
| Closing cash on the cash flow equals balance sheet cash | Link integrity | 0 | 0.5 | OK |
| Accumulated losses roll: closing = opening + net result | Equity roll-forward to Dec-27 | 0 | 0.5 | OK |
| Opening balance sheet at 31-Dec-25 balances | FY2025 closing balances on Inputs_Actuals | 0 | 0.5 | OK |
| Developer credits: liability roll-forward equals the pack schedule, every month | Packs live less credits used grossed up for breakage | 0 | 0.5 | OK |
| Opening Developer liability equals the pack schedule at 31-Dec-25 | FY2025 accounts agree with the credit ledger | 0 | 0.5 | OK |
| Usage curve of a pack adds up to one less the expected breakage | Every credit is used or expires | 0 | 0 | OK |
| Team customers: billing system equals the bridge (actual months) | New and lost customers explain the base | 0 | 0.001 | OK |
| Enterprise: every contract position clears at the end of its contract year | Commitment billed + usage above it = usage + unused commitment | 0 | 0.5 | OK |
| Enterprise: change in net contract positions equals billing less revenue, every month | Contract liabilities and assets tie to the account schedules | 0 | 0.5 | OK |
| Revenue by product adds up to total revenue, every month | Mix by segment and account covers every euro | 0 | 0.5 | OK |
| P&L revenue equals the revenue schedule, every month | Link integrity | 0 | 0.5 | OK |
| GPU scheduler hours equal units x GPU hours per unit (actual months, within 1 hour) | Metering and compute agree | 0 | 0.5 | OK |
| On-demand hours equal inference above usable reserved capacity (forecast months) | Capacity rule applied | 0 | 0.5 | OK |
| Product compute costs add up to compute in cost of revenue, every month | Allocation by GPU hours, tokens and hosting drivers is complete | 0 | 0.5 | OK |
| Onerous provision equals the expected commitment shortfall (forecast months) | IAS 37 provision follows the full-year spend | 0 | 0.5 | OK |
| Gross margin by product reconciles to the P&L gross profit, every month | Revenue, compute, card fees and support fully allocated | 0 | 0.5 | OK |
| Gross margin by segment equals gross margin by product, every month | 0 | 0.5 | OK | |
| Gross salaries equal net pay plus employee contributions and withholding, every month | Payroll journal integrity | 0 | 0.5 | OK |
| URSSAF payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| Withholding at source payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| Agirc-Arrco and schemes payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| RGDU coefficient never above its maximum (Tmin + Tdelta) | Headroom to 0.4021 | 0.3242 | 0 | OK |
| VAT position equals the month plus any credit carried, every month | Monthly CA3 | 0 | 0.5 | OK |
| Opening VAT on uncollected French invoices and on unpaid French supplier invoices equal 20/120 of the balances | VAT on services due on collection and deducted on payment | 0 | 0.5 | OK |
| Research tax credit receivable equals the claims still open, every month | FY2025, FY2026 and FY2027 claims | 0 | 0.5 | OK |
| FY2026 and FY2027 credits equal 30% x (eligible personnel + 40%) | CIR arithmetic | 0 | 0.5 | OK |
| Local business taxes accrued at December equal the CVAE of the year less its instalments | CFE and CVAE calendar | 0 | 0.5 | OK |
| Tax losses at Dec-27 = opening + losses of FY2026 and FY2027 - losses used | Losses roll, CIR excluded from taxable income | 0 | 0.5 | OK |
| Corporate income tax charged only on taxable profit after losses (FY2026 and FY2027) | 25% after the EUR 1m plus 50% rule | 0 | 0.5 | OK |
| AR aging: Enterprise, France ties to the ledger | Item listing agrees with the balance at the last actual month | 0 | 0.5 | OK |
| AR aging: Enterprise, outside France ties to the ledger | Item listing agrees with the balance at the last actual month | 0 | 0.5 | OK |
| AP aging: Compute suppliers (USD) ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: Model API vendor C (EUR) ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: Card suppliers ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: French suppliers ties to the Payables schedule | 0 | 0.5 | OK | |
| Card processor balance is nil to the euro, every month | Payouts equal charges less fees | 0 | 0.5 | OK |
| Forecast Enterprise receivables equal the collection rule every month | Receipts never collect an invoice twice when the days change | 0 | 0.5 | OK |
| USD payable at each month end equals the month invoices at the month rate | Exchange differences taken on settlement (IAS 21) | 0 | 0.5 | OK |
| 13-week cash forecast reconciles to the monthly balance sheet at 31-Dec-26 | Weekly phasing distributes exactly the monthly cash lines | 0 | 0.5 | OK |
| Scenario snapshots are current for the selected scenario | Live column equals the stored snapshot | 0 | 0.5 | OK |
| Budget vs actual revenue causes reconcile (YTD and FY) | Volume, price and account effects equal the revenue variance | 0 | 0.5 | OK |
| EBITDA walk from budget to actual reconciles | Variances explain the full EBITDA gap | 0 | 0.5 | OK |
| Enterprise receivables never negative | 105,000 | 0.5 | OK | |
| Trade payables never negative | 8,033.9 | 0.5 | OK | |
| Developer liability and every pack balance never negative | 210,641.7941 | 0.5 | OK | |
| Enterprise usage and commitments never negative (every account, every month) | 0 | 0.001 | OK | |
| Paid leave days outstanding never negative | 316.3208 | 0 | OK | |
| Headcount never negative | 0.9009 | 0 | OK | |
| Fixed assets and the CIR receivable never negative | 167,979.876 | 0 | OK | |
| Timeline: months flagged actual equal the last actual month number | 0 | 0.5 | OK |
| item | note | value |
|---|---|---|
| Lowest month-end cash in the forecast (selected scenario) | Board buffer: Assumptions | 1,918,094.8112 |
| Headroom over the buffer at the lowest point | Negative = below the board buffer | -1,081,905.1888 |
| Lowest 13-week closing cash | 7,577,652.0836 | |
| Enterprise net revenue retention on usage at Dec-27 | Below 100% the installed base shrinks without new sales | 0.8931 |
| Largest account share of FY2026 revenue | Above 10% is a concentration risk | 0.0662 |
| Disputed Tervane invoice open at the last actual month (EUR) | Credit share and month are scenario drivers | 18,071.21 |
| Provider A 2026 commitment: expected shortfall (USD) | Provided under IAS 37; paid in January unless rolled into 2027 | 117,738.7791 |
| FY2027 revenue running on vendor B models | Single model vendor for voice and agents | 0.5641 |
| type | label | unit | value | note | base | downside | upside | selected | ytd actual reference |
|---|---|---|---|---|---|---|---|---|---|
| scalar | Company name | Serennix AI SAS (fictional demonstration company) | All figures fictional. French simplified joint-stock company (SAS) in Paris, founded 2014, financial year = calendar year, reporting currency EUR. Management accounts under IFRS; statutory accounts under French GAAP (PCG), differences not modelled. | ||||||
| scalar | Reporting currency | EUR | |||||||
| scalar | Model start month (month end) | date | 2026-01-31 | 24 monthly columns from this month | |||||
| scalar | Last actual month (month end) | date | 2026-08-31 | Months up to and including this date are actual (fictional ledger); later months are forecast | |||||
| scalar | Last actual month number | calc | 8 | ||||||
| scalar | Scenario selector (1 = Base, 2 = Downside, 3 = Upside) | input | 2 | Change this cell and every forecast month moves. Base = management case; Downside = worst case; Upside = best case. | |||||
| scalar | Scenario name | calc | Downside | ||||||
| scalar | Minimum cash buffer (board policy) | EUR | 3,000,000 | Board policy: six months of net burn; used by the 13-week cash forecast and the CFO report | |||||
| scalar | Undrawn overdraft facility available | EUR | 0 | No overdraft or credit facility; the company is funded by equity | |||||
| scalar | Aged receivables and payables: as-at date | calc | 2026-08-31 | ||||||
| scalar | VAT: standard rate | rate | 0.2 | impots.gouv.fr; CGI art. 278. Charged to customers in France only. | |||||
| scalar | Developer: share of billing to customers in France (20% VAT) | share | 0.35 | Billing system analysis (fictional) | |||||
| scalar | Developer: share of billing to customers in other EU states (reverse charge) | share | 0.4 | ||||||
| scalar | Developer: share of billing to customers in outside the EU (outside the scope) | share | 0.25 | ||||||
| scalar | Team: share of billing to customers in France (20% VAT) | share | 0.45 | Billing system analysis (fictional) | |||||
| scalar | Team: share of billing to customers in other EU states (reverse charge) | share | 0.35 | ||||||
| scalar | Team: share of billing to customers in outside the EU (outside the scope) | share | 0.2 | ||||||
| scalar | Monthly VAT return (CA3) paid on day | day | 19 | impots.gouv.fr: between the 15th and the 24th of the following month, on the date shown in the company professional space (company date: the 19th) | |||||
| scalar | Corporate income tax (IS): standard rate | rate | 0.25 | CGI art. 219; the 15% SME rate needs 75% of the capital held by individuals: not met (venture funds hold the majority) | |||||
| scalar | Tax losses carried forward at 31-Dec-25 | EUR | 15,492,000 | FY2025 tax return (fictional); larger than the accounting losses because the research tax credit is not taxable | |||||
| scalar | Tax losses: amount always usable per year | EUR | 1,000,000 | CGI art. 209-I; BOFiP: EUR 1m plus 50% of the profit above EUR 1m; no time limit | |||||
| scalar | Tax losses: share of the profit above EUR 1m usable | share | 0.5 | ||||||
| scalar | Research tax credit (CIR): rate on eligible spend | rate | 0.3 | CGI art. 244 quater B: 30% up to EUR 100m of eligible spend | |||||
| scalar | CIR: operating costs, flat rate on eligible personnel costs | rate | 0.4 | BOFiP ACTU-2025-00105 (loi de finances pour 2025, art. 55): 40% instead of 43% for expenses from 15 February 2025; patent costs and technology watch removed | |||||
| scalar | CIR for FY2025 (claimed with the FY2025 return, form 2069-A) | EUR | 935,770 | Refunded in July 2026 (bank) | |||||
| scalar | CFE 2026 (business property tax, Paris office) | EUR | 12,900 | impots.gouv.fr: due 15 December; an instalment of 50% of the prior year by 15 June when the prior year was at least EUR 3,000 | |||||
| scalar | CVAE 2026 (value added contribution) | EUR | 3,900 | impots.gouv.fr: instalments on 15 June and 15 September when the prior year exceeded EUR 1,500; balance with the 1329-DEF in May. Rates frozen at the 2024 level for 2026 and 2027, abolition in 2030 (loi de finances pour 2026, LégiFiscal) | |||||
| scalar | CVAE instalment 2026 (each, June and September) | EUR | 1,850 | 50% of the CVAE on the 2025 value added | |||||
| scalar | CFE 2027 (company estimate) | EUR | 13,300 | ||||||
| scalar | CVAE 2027 (company estimate) | EUR | 4,300 | ||||||
| scalar | Health insurance (maladie), employer | rate | 0.13 | LégiSocial 2026 URSSAF table; the 7% reduced rate is abolished from 1-Jan-26 (service-public.gouv.fr F24542) | |||||
| scalar | Old age capped (up to the ceiling), employer | rate | 0.0855 | ||||||
| scalar | Old age uncapped, employer | rate | 0.0211 | ||||||
| scalar | Family allowances, employer | rate | 0.0525 | 5.25%; the 3.45% reduced rate is abolished from 1-Jan-26 and folded into the RGDU (economie.gouv.fr) | |||||
| scalar | Work accident (AT/MP), employer | rate | 0.008 | Assumption: 0.80% for office activities; information needed: the notified rate | |||||
| scalar | Autonomy solidarity (CSA), employer | rate | 0.003 | ||||||
| scalar | Housing fund (FNAL), 50 staff or more, employer | rate | 0.005 | ||||||
| scalar | Social dialogue contribution, employer | rate | 0.0002 | ||||||
| scalar | Unemployment insurance (up to 4 ceilings), employer | rate | 0.04 | ||||||
| scalar | Wage guarantee (AGS, up to 4 ceilings), employer | rate | 0.0025 | ||||||
| scalar | Transport levy (versement mobilité), Paris | rate | 0.032 | service-public.gouv.fr: 3.20% for Paris since 1 February 2024 (employers with 11 staff or more) | |||||
| scalar | Training and apprenticeship (CUFPA), 11 staff or more | rate | 0.0168 | 1.00% training plus 0.68% apprenticeship tax | |||||
| scalar | Agirc-Arrco pension, band 1, employer | rate | 0.0472 | LégiSocial, Agirc-Arrco 2026: 4.72% and 3.15%; CEG 1.29% and 0.86% | |||||
| scalar | Agirc-Arrco CEG, band 1, employer | rate | 0.0129 | ||||||
| scalar | Agirc-Arrco pension, band 2, employer | rate | 0.1295 | 12.95% and 8.64%; CEG 1.62% and 1.08% | |||||
| scalar | Agirc-Arrco CEG, band 2, employer | rate | 0.0162 | ||||||
| scalar | Agirc-Arrco CET (pay above the ceiling), employer | rate | 0.0021 | 0.21% and 0.14% on the whole pay up to 8 ceilings | |||||
| scalar | APEC (managers, up to 4 ceilings), employer | rate | 0.0004 | 0.036% and 0.024% | |||||
| scalar | Old age capped, employee | rate | 0.069 | ||||||
| scalar | Old age uncapped, employee | rate | 0.004 | ||||||
| scalar | Agirc-Arrco band 1, employee | rate | 0.0315 | ||||||
| scalar | Agirc-Arrco CEG band 1, employee | rate | 0.0086 | ||||||
| scalar | Agirc-Arrco band 2, employee | rate | 0.0864 | ||||||
| scalar | Agirc-Arrco CEG band 2, employee | rate | 0.0108 | ||||||
| scalar | Agirc-Arrco CET, employee | rate | 0.0014 | ||||||
| scalar | APEC, employee | rate | 0.0002 | ||||||
| scalar | CSG and CRDS, employee (on 98.25% of pay) | rate | 0.097 | 6.80% deductible, 2.40% and 0.50% not deductible | |||||
| scalar | CSG and CRDS base (share of gross pay) | rate | 0.9825 | ||||||
| scalar | CSG and CRDS not deductible (added to the income tax base) | rate | 0.029 | ||||||
| scalar | RGDU: minimum coefficient (Tmin) | coef | 0.02 | service-public.gouv.fr F24542: from 1-Jan-26 the general reduction is degressive up to 3 x SMIC; 50 staff or more: Tmin 0.0200, Tdelta 0.3821, exponent 1.75, maximum 0.4021 | |||||
| scalar | RGDU: Tdelta | coef | 0.3821 | ||||||
| scalar | RGDU: exponent | power | 1.75 | ||||||
| scalar | Monthly social security ceiling (PMSS) 2026 | EUR | 4,005 | Arrêté du 22 décembre 2025 (Légifrance): EUR 4,005 | |||||
| scalar | Monthly social security ceiling 2027 | EUR | 4,085 | Assumption: +2.0% until the 2027 arrete is published | |||||
| scalar | SMIC (monthly, 35 hours) from 1-Jan-26 | EUR | 1,823.03 | info.gouv.fr: EUR 1,823.03 from 1 January 2026, EUR 1,867.02 from 1 June 2026 (automatic revaluation) | |||||
| scalar | SMIC (monthly) from 1-Jun-26 | EUR | 1,867.02 | ||||||
| scalar | SMIC (monthly) from 1-Jan-27 | EUR | 1,900.63 | Assumption: +1.8% on 1 January 2027 | |||||
| scalar | Health, protection and transport schemes: employer cost per head a month | EUR | 110 | Company plans (fictional), including the statutory 50% of public transport passes | |||||
| scalar | Paid leave: working days a year | days | 25 | Code du travail L3141-3: 2.5 working days (ouvrables) a month, modelled as 25 working days (ouvres) a year; provision valued at gross pay plus employer contributions | |||||
| scalar | Working days a month (to value a day of leave) | days | 21.67 | ||||||
| scalar | Band | Code | Department | Annual salary FY2026 | |||||
| scalar | Machine learning research scientists | RES | RND | 98,000 | |||||
| scalar | Machine learning engineers | MLE | RND | 78,000 | |||||
| scalar | Software engineers | ENG | RND | 70,000 | |||||
| scalar | CTO and engineering leads | LEAD | RND | 125,000 | |||||
| scalar | Product managers and designers | PRD | RND | 72,000 | |||||
| scalar | Solutions engineers and support | SOL | COR | 52,000 | |||||
| scalar | Customer success managers | CSM | COR | 56,000 | |||||
| scalar | Head of sales | SALH | SM | 130,000 | |||||
| scalar | Account executives (base salary) | AE | SM | 76,000 | |||||
| scalar | Sales development representatives | SDR | SM | 40,000 | |||||
| scalar | Marketing | MKT | SM | 58,000 | |||||
| scalar | Founders and executives (CEO, COO) | EXE | GA | 140,000 | |||||
| scalar | Finance, people and office | GA | GA | 50,000 | |||||
| scalar | Attrition a year, base: research and development | rate | 0.1 | Company history and the Paris market for the role (company assumption) | |||||
| scalar | Attrition a year, base: solutions, support and customer success | rate | 0.15 | ||||||
| scalar | Attrition a year, base: sales and marketing | rate | 0.2 | ||||||
| scalar | Attrition a year, base: general and administrative | rate | 0.08 | ||||||
| scalar | Equipment per new hire | EUR | 2,400 | ||||||
| scalar | IT replacement cycle, capex per month | EUR | 2,500 | ||||||
| scalar | Recruitment cost per hire (agency and job boards) | EUR | 7,500 | ||||||
| scalar | Software and IT tools per person per month | EUR | 240 | ||||||
| scalar | Sales commission on each annual commitment signed (new and renewal) | rate | 0.06 | Commission plan FY2026 (fictional), paid with the next payroll. Expensed: IFRS 15.94 practical expedient (amortisation period one year or less; renewal commissions equal new ones) | |||||
| scalar | List price per 1,000 pages: Document AI (FY2025) | EUR | 12 | Price list 2025 (fictional) | |||||
| scalar | List price per 1,000 audio minutes: Voice AI (FY2025) | EUR | 9 | ||||||
| scalar | List price per 1,000 agent actions: Agent workspace (FY2025) | EUR | 20 | ||||||
| scalar | List price per 1,000 pages: Document AI (from 1-Jan-26) | EUR | 11.04 | Price list 2026 (fictional): 8% below 2025 on every product | |||||
| scalar | List price per 1,000 audio minutes: Voice AI (from 1-Jan-26) | EUR | 8.28 | ||||||
| scalar | List price per 1,000 agent actions: Agent workspace (from 1-Jan-26) | EUR | 18.4 | ||||||
| scalar | Developer credits: expected breakage (share of credits never used) | share | 0.12 | History: the 2024 packs expired with 12.2% unused. Recognised in proportion to the credits used (IFRS 15.B46); the difference to actual expiry is trued up when each pack expires after 12 months | |||||
| scalar | Developer credits: share of a pack used by month of age | Age 0 | Age 1 | Age 2 | |||||
| scalar | Share of the pack used in the month (ages 0 to 6) | 0.21 | 0.17 | 0.12 | |||||
| scalar | Share of the pack used in the month (ages 7 to 11; unused credits expire at 12 months) | 0.035 | 0.028 | 0.022 | |||||
| scalar | Share of a pack used before expiry (1 - breakage) | calc | 0.88 | ||||||
| scalar | Developer credits used on Document AI | share | 0.5 | Metering system, FY2026 year to date | |||||
| scalar | Developer credits used on Voice AI | share | 0.3 | ||||||
| scalar | Developer credits used on Agent workspace | share | 0.2 | ||||||
| scalar | Developer credit purchases: run-rate before seasonality at Aug-26 | EUR | 101,109 | FY2026 purchases grew 3.4% a month on average; forecast growth is a scenario driver | |||||
| scalar | Developer credits: average pack | EUR | 150 | ||||||
| scalar | Team: new customers a month before seasonality | customers | 14.9 | FY2026 year to date (14.5 a month on the seasonal pattern) | |||||
| scalar | Team: customers lost a month (share of opening) | rate | 0.024 | FY2026 year to date 2.4% (2025: 2.3%) | |||||
| scalar | Team: plan fee per customer, growth a month (upgrades) | rate | 0.002 | FY2026 year to date | |||||
| scalar | Team: share of the plan fee used as included usage (at list prices) | share | 0.85 | Unused allowance lapses each month; revenue is the plan fee | |||||
| scalar | Team usage on Document AI | share | 0.4 | ||||||
| scalar | Team usage on Voice AI | share | 0.25 | ||||||
| scalar | Team usage on Agent workspace | share | 0.35 | ||||||
| scalar | Enterprise: renewal probability of accounts won in 2026 and pipeline wins (first renewal) | probability | 0.92 | ||||||
| scalar | Enterprise: days from invoice to cash | days | 50 | FY2026 experience across 45 and 60-day terms (accounts pay in their month-end runs) | |||||
| scalar | Disputed invoice: Tervane Assurances May usage above the commitment (incl. VAT) | EUR | 18,071.21 | See AR_Aging; open since June | |||||
| scalar | Disputed invoice excluding VAT | EUR | 15,059.34 | ||||||
| scalar | Credit expected at Aug-26 (refund liability, IFRS 15.55) | share | 0.3 | Engineering estimate of the calls retried during the 28 April incident | |||||
| scalar | GPU hours per 1,000 pages at FY2025 efficiency: Document AI | hours | 0.18 | Metering system, FY2025 average | |||||
| scalar | GPU hours per 1,000 audio minutes at FY2025 efficiency: Voice AI | hours | 0.22 | ||||||
| scalar | GPU hours per 1,000 agent actions at FY2025 efficiency: Agent workspace | hours | 0.02 | ||||||
| scalar | Model tokens per 1,000 pages (millions): Document AI | m tokens | 0.25 | Document AI runs on vendor C models; voice and agents on vendor B models | |||||
| scalar | Model tokens per 1,000 audio minutes (millions): Voice AI | m tokens | 1.2 | ||||||
| scalar | Model tokens per 1,000 agent actions (millions): Agent workspace | m tokens | 3 | ||||||
| scalar | Model API vendor B: price per million tokens to Sep-26 | USD | 2 | Vendor B price list; its announced price for Q4 is a scenario driver | |||||
| scalar | Model API vendor C: price per million tokens | EUR | 1.6 | EU vendor, reverse charge | |||||
| scalar | Hosting, storage and network: fixed a month | USD | 18,000 | Provider A invoices (fictional) | |||||
| scalar | Hosting, storage and network per 1,000 pages: Document AI | USD | 0.35 | ||||||
| scalar | Hosting, storage and network per 1,000 audio minutes: Voice AI | USD | 0.25 | ||||||
| scalar | Hosting, storage and network per 1,000 agent actions: Agent workspace | USD | 0.1 | ||||||
| scalar | Reserved GPU: price per GPU hour | USD | 1.95 | One-year reservation with Provider A, billed monthly for every hour | |||||
| scalar | On-demand GPU: price per GPU hour | USD | 3.4 | Provider A list price, used when inference exceeds the usable reserved capacity | |||||
| scalar | Usable share of reserved GPU hours for inference (headroom for peaks) | share | 0.85 | ||||||
| scalar | Reserved GPUs 2026 | GPUs | 16 | 12 in 2025 | |||||
| scalar | Research: GPU hours a month wanted for training and experiments | hours | 2,000 | Scheduled in reserved capacity that inference does not need; charged to research and development | |||||
| scalar | Provider A spend commitment 2025 | USD | 520,000 | Met: spend USD 533.7k (History) | |||||
| scalar | Provider A spend commitment 2026 (calendar year; reserved GPUs, on-demand GPUs and hosting count) | USD | 780,000 | Signed Nov-25 (fictional). A shortfall is invoiced in December and paid in January | |||||
| scalar | Paid media and content a month | EUR | 38,000 | x1.15 in March and October, x0.8 in August | |||||
| scalar | Events and conferences a month | EUR | 14,000 | x2.5 in June (Paris AI trade show) | |||||
| scalar | Office rent a month (Paris; paid quarterly in advance) | EUR | 34,000 | Commercial lease (bail commercial) to Dec-30 (fictional) | |||||
| scalar | Legal, statutory audit and accounting a month | EUR | 16,000 | Statutory auditor fee billed in March (x2.2) | |||||
| scalar | Insurance a month (no VAT) | EUR | 4,500 | Direct debit | |||||
| scalar | Travel a month (VAT not recovered) | EUR | 11,000 | Passenger transport and staff accommodation are excluded from VAT deduction | |||||
| scalar | Recruitment: fixed a month (job boards) | EUR | 1,000 | ||||||
| scalar | Overhead inflation applied from FY2027 | rate | 0.025 | ||||||
| scalar | Interest earned on cash (term deposits) | rate | 0.018 | Treasury placements (fictional); paid monthly | |||||
| scalar | Card processing: rate on charges incl. VAT | rate | 0.019 | Company analysis of the payment processor statements (card mix) | |||||
| scalar | Card processing: fee per charge | EUR | 0.25 | ||||||
| scalar | Driver | Unit | Base | Downside | |||||
| scenario_driver | Developer credit purchases: growth a month | rate | FY2026 year to date 3.4% a month | 0.03 | 0.01 | 0.04 | 0.01 | ||
| scenario_driver | Team: new customers (x run-rate) | x | 1 | 0.7 | 1.15 | 0.7 | 0.9732 | ||
| scenario_driver | Team: customers lost (x YTD rate) | x | 1 | 1.3 | 0.85 | 1.3 | |||
| scenario_driver | Team: usage above the allowance (share of plan fees) | share | 0.23 | 0.19 | 0.25 | 0.19 | 0.2287 | ||
| scenario_driver | Enterprise: usage growth (x account rates on the Account_Register) | x | Renewal and win probabilities by account and scenario sit on the Account_Register | 1 | 0.5 | 1.25 | 0.5 | ||
| scenario_driver | Enterprise: commitment uplift at renewal | rate | New commitment = higher of prior x (1 + uplift) and 95% of the usage in the year ending | 0.08 | 0 | 0.12 | 0 | ||
| scenario_driver | Enterprise pipeline: start delay | months | 0 | 2 | 0 | 2 | |||
| scenario_driver | List price cut on 1 January 2027 (customers keep their budget: units rise) | share | Assumption: customers spend the same budget, so a cut buys more units and raises the cost to serve | 0.1 | 0.2 | 0.05 | 0.2 | ||
| scenario_driver | Model API vendor B: price per million tokens from Oct-26 | USD | Vendor B announced a Q4 price change; the level is uncertain | 1.5 | 1.8 | 1.4 | 1.8 | ||
| scenario_driver | GPU hours per unit: reduction a quarter from Q4-26 | rate | FY2026 actual pace 2% a quarter (model optimisation and batching) | 0.03 | 0.01 | 0.04 | 0.01 | ||
| scenario_driver | Reserved GPUs 2027 | GPUs | Decision needed by November for the 2027 reservation; 16 in 2026 | 20 | 18 | 22 | 18 | ||
| scenario_driver | Provider A spend commitment 2027 | USD | Sized with the 2027 reservation; any shortfall is invoiced in December 2027 | 800,000 | 700,000 | 850,000 | 700,000 | ||
| scenario_driver | USD per EUR, forecast | rate | Base: ECB reference rate of 22-Sep-26 | 1.1463 | 1.08 | 1.18 | 1.08 | 1.1628 | |
| scenario_driver | CIR for FY2026: month refunded | month | Claim filed with the FY2026 return in May 2027; the 2025 claim took two months | 2027-09-30 | 2027-12-31 | 2027-08-31 | 2027-12-31 | ||
| scenario_driver | Pay review January 2027 | rate | Company assumption; information needed: the approved 2027 pay review | 0.03 | 0.02 | 0.035 | 0.02 | ||
| scenario_driver | Planned hires made (share of the hiring plan on People) | share | Downside response: half the plan, the rest frozen | 1 | 0.5 | 1 | 0.5 | ||
| scenario_driver | Leavers replaced (share) | share | 1 | 0.5 | 1 | 0.5 | |||
| scenario_driver | Attrition (x base rates) | x | Fewer people leave in a weak market | 1 | 0.7 | 1 | 0.7 | ||
| scenario_driver | Marketing programmes FY2027 (x FY2026 run-rate) | x | 1 | 0.8 | 1.1 | 0.8 | |||
| scenario_driver | Enterprise: extra days to collect | days | 0 | 15 | 0 | 15 | 56.5562 | ||
| scenario_driver | Disputed Tervane invoice: share credited | share | The rest is collected in the same month | 0.3 | 0.6 | 0.1 | 0.6 | ||
| scenario_driver | Disputed Tervane invoice: month settled | month | 2026-10-31 | 2026-12-31 | 2026-10-31 | 2026-12-31 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit packs purchased (ex VAT) | DEVELOPER CREDITS (billing and credit ledger) | billing system | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 706,057 | |||||||||||||||||
| Credits used from packs bought in Jan-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 0 | |||||||||||||||||||||||||
| Credits used from packs bought in Feb-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 935.6 | 935.6 | ||||||||||||||||||||||||
| Credits used from packs bought in Mar-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 1,122.51 | 1,060.15 | 2,182.66 | |||||||||||||||||||||||
| Credits used from packs bought in Apr-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 1,435.74 | 1,174.7 | 1,109.44 | 3,719.88 | ||||||||||||||||||||||
| Credits used from packs bought in May-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,020.28 | 1,587.36 | 1,298.75 | 1,226.6 | 6,132.99 | |||||||||||||||||||||
| Credits used from packs bought in Jun-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,363.94 | 1,891.15 | 1,485.9 | 1,215.74 | 1,148.2 | 8,104.93 | ||||||||||||||||||||
| Credits used from packs bought in Jul-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,886.6 | 2,245.13 | 1,796.11 | 1,411.23 | 1,154.64 | 1,090.49 | 10,584.2 | |||||||||||||||||||
| Credits used from packs bought in Aug-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 3,455.76 | 2,827.44 | 2,199.12 | 1,759.29 | 1,382.3 | 1,130.97 | 1,068.14 | 13,823.02 | ||||||||||||||||||
| Credits used from packs bought in Sep-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 5,724.14 | 4,497.54 | 3,679.8 | 2,862.07 | 2,289.65 | 1,799.01 | 1,471.92 | 1,390.15 | 23,714.28 | |||||||||||||||||
| Credits used from packs bought in Oct-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 7,457.16 | 5,800.01 | 4,557.15 | 3,728.58 | 2,900.01 | 2,320.01 | 1,822.86 | 1,491.43 | 30,077.21 | |||||||||||||||||
| Credits used from packs bought in Nov-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 9,634.65 | 7,225.99 | 5,620.21 | 4,415.88 | 3,612.99 | 2,810.11 | 2,248.09 | 1,766.35 | 37,334.27 | |||||||||||||||||
| Credits used from packs bought in Dec-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 14,133.99 | 9,976.93 | 7,482.7 | 5,819.88 | 4,572.76 | 3,741.35 | 2,909.94 | 2,327.95 | 50,965.5 | |||||||||||||||||
| Credits used from packs bought in Jan-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 15,601.13 | 12,629.48 | 8,914.93 | 6,686.2 | 5,200.38 | 4,086.01 | 3,343.1 | 2,600.19 | 59,061.42 | |||||||||||||||||
| Credits used from packs bought in Feb-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,193.51 | 15,537.6 | 10,967.72 | 8,225.79 | 6,397.84 | 5,026.87 | 4,112.89 | 69,462.22 | ||||||||||||||||||
| Credits used from packs bought in Mar-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,331.38 | 15,649.21 | 11,046.5 | 8,284.88 | 6,443.79 | 5,062.98 | 65,818.74 | |||||||||||||||||||
| Credits used from packs bought in Apr-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 18,059.84 | 14,619.87 | 10,319.91 | 7,739.93 | 6,019.95 | 56,759.5 | ||||||||||||||||||||
| Credits used from packs bought in May-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 17,541.01 | 14,199.86 | 10,023.43 | 7,517.57 | 49,281.87 | |||||||||||||||||||||
| Credits used from packs bought in Jun-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 20,171.22 | 16,329.08 | 11,526.41 | 48,026.71 | ||||||||||||||||||||||
| Credits used from packs bought in Jul-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,672.54 | 15,925.39 | 35,597.93 | |||||||||||||||||||||||
| Credits used from packs bought in Aug-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 18,490.68 | 18,490.68 | ||||||||||||||||||||||||
| Customers at month end | TEAM (billing system) | billing system | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 0 | |||||||||||||||||
| New customers | TEAM (billing system) | billing system | 22 | 15 | 23 | 13 | 14 | 13 | 8 | 8 | 116 | |||||||||||||||||
| Customers lost | TEAM (billing system) | billing system | 13 | 9 | 7 | 9 | 4 | 8 | 11 | 9 | 70 | |||||||||||||||||
| Plan fees | TEAM (billing system) | billing system | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 1,283,228.09 | |||||||||||||||||
| Usage above the allowance | TEAM (billing system) | billing system | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 293,514.38 | |||||||||||||||||
| E01 Tervane Assurances: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 271,396.63 | |||||||||||||||||
| E02 Draxholm Logistik: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 138,283.23 | |||||||||||||||||
| E03 Lunedo Banca: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 245,193.99 | |||||||||||||||||
| E04 Kellbrook Utilities: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 13,618.17 | 15,121.65 | 15,187.01 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 120,537 | |||||||||||||||||
| E05 Ambrelle Sante: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 14,835.98 | 15,921.18 | 16,481.85 | 122,963.87 | |||||||||||||||||
| E06 Veskari Telecom: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 17,035.62 | 124,017.75 | |||||||||||||||||
| E07 Oisterra Energia: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 121,099.69 | |||||||||||||||||
| E08 Pravenza Retail: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | |||||||||||||||||
| E09 Solberre Mutuelle: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,445.85 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 113,692.75 | |||||||||||||||||
| E10 Ivarone Insurance: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,886.68 | 15,829.89 | 17,869.82 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 133,586.74 | |||||||||||||||||
| E11 Mercadel Foods: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 9,199.87 | 9,997.67 | 10,470.53 | 11,996.73 | 74,751.16 | |||||||||||||||||
| E12 Halvesta Travel: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 11,833.15 | 11,573.31 | 88,143.13 | |||||||||||||||||
| E13 Varnholm Freight: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 77,980.1 | |||||||||||||||||
| E14 Brevalle Logistique: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 59,420.83 | |||||||||||||||||
| E15 Maltessa Telecom: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 29,807.63 | |||||||||||||||||
| E01: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 380,000 | 380,000 | 380,000 | 0 | |||||||||||||||||
| E02: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 0 | |||||||||||||||||
| E03: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 300,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 0 | |||||||||||||||||
| E04: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 190,000 | 190,000 | 190,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 0 | |||||||||||||||||
| E05: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 260,000 | 260,000 | 0 | |||||||||||||||||
| E06: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 0 | |||||||||||||||||
| E07: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 0 | |||||||||||||||||
| E08: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 160,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| E09: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 180,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 0 | |||||||||||||||||
| E10: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 160,000 | 160,000 | 160,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 0 | |||||||||||||||||
| E11: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 130,000 | 130,000 | 130,000 | 0 | |||||||||||||||||
| E12: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 150,000 | 0 | |||||||||||||||||
| E13: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 0 | |||||||||||||||||
| E14: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 0 | 0 | 0 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 0 | |||||||||||||||||
| E15: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 300,000 | 0 | |||||||||||||||||
| Refund liability for expected credit notes (month end) | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | ledger | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 0 | |||||||||||||||||
| Developer: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,024.1 | 3,175.2 | 3,306.8 | 3,342.5 | 3,337.6 | 3,458 | 3,537.1 | 3,543.1 | 26,724.4 | |||||||||||||||||
| Developer: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 2,419.3 | 2,540.2 | 2,645.4 | 2,674 | 2,670.1 | 2,766.4 | 2,829.7 | 2,834.5 | 21,379.6 | |||||||||||||||||
| Developer: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 725.8 | 762.1 | 793.6 | 802.2 | 801 | 829.9 | 848.9 | 850.3 | 6,413.8 | |||||||||||||||||
| Team: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 5,777.2 | 5,839.7 | 6,059.2 | 6,145.7 | 6,407.4 | 6,641.2 | 6,632.3 | 6,651.6 | 50,154.3 | |||||||||||||||||
| Team: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 4,814.3 | 4,866.4 | 5,049.3 | 5,121.4 | 5,339.5 | 5,534.3 | 5,526.9 | 5,543 | 41,795.1 | |||||||||||||||||
| Team: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,033 | 3,065.9 | 3,181.1 | 3,226.5 | 3,363.9 | 3,486.6 | 3,481.9 | 3,492.1 | 26,331 | |||||||||||||||||
| Enterprise: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 11,589.7 | 11,899.1 | 11,599.8 | 12,705.5 | 12,837 | 13,328.9 | 14,412.8 | 14,381.4 | 102,754.2 | |||||||||||||||||
| Enterprise: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 11,404.9 | 11,811.6 | 11,307.7 | 11,687 | 11,836.6 | 12,143.2 | 14,444.4 | 14,432.9 | 99,068.3 | |||||||||||||||||
| Enterprise: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,907 | 4,049.6 | 3,534.8 | 3,845.5 | 3,884.9 | 4,048.9 | 4,571.1 | 4,624.8 | 32,466.6 | |||||||||||||||||
| GPU hours used for inference | USAGE AND COMPUTE (metering system and supplier invoices) | GPU scheduler | 7,765.7 | 7,987.1 | 7,942.4 | 8,104.3 | 8,251.7 | 8,530.3 | 9,053.4 | 9,055.5 | 66,690.4 | |||||||||||||||||
| GPU hours used for research | USAGE AND COMPUTE (metering system and supplier invoices) | GPU scheduler | 2,000 | 1,152.1 | 2,000 | 1,687.7 | 1,866.7 | 1,261.7 | 1,065 | 1,062.9 | 12,096.1 | |||||||||||||||||
| On-demand GPU hours | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Provider A: reserved GPUs (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 23,212.8 | 20,966.4 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 23,212.8 | 181,958.4 | |||||||||||||||||
| Provider A: on-demand GPUs (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Provider A: hosting, storage and network (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 32,001.99 | 31,169.81 | 29,925.08 | 30,371.93 | 30,331.75 | 33,315.01 | 34,707.42 | 34,955.11 | 256,778.1 | |||||||||||||||||
| Model tokens, vendor B (millions) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor B usage report | 45,363.6 | 46,694.3 | 45,331.2 | 47,001.3 | 47,964.9 | 49,628.9 | 54,067.2 | 54,274.2 | 390,325.6 | |||||||||||||||||
| Model API vendor B (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor B invoice | 90,587.32 | 93,347.54 | 92,058.43 | 91,600.75 | 99,739.14 | 97,887.62 | 106,990.41 | 108,660.49 | 780,871.7 | |||||||||||||||||
| Model tokens, vendor C (millions) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor C usage report | 5,097.8 | 5,228.5 | 5,241.4 | 5,548.4 | 5,645.5 | 5,857 | 6,145.5 | 6,144 | 44,908.1 | |||||||||||||||||
| Model API vendor C (EUR) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor C invoice | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 71,431.42 | |||||||||||||||||
| Provider A 2026 commitment: expected shortfall at month end (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | CFO estimate | 0 | 0 | 0 | 0 | 0 | 55,000 | 80,000 | 113,500 | 0 | |||||||||||||||||
| Research and development: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 271,356.79 | 279,644.1 | 284,994.22 | 293,129.64 | 286,465.73 | 292,350.55 | 292,577.46 | 286,745.35 | 2,287,263.84 | |||||||||||||||||
| Research and development: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 98,305.61 | 101,080.11 | 103,127.91 | 105,634.79 | 103,675.59 | 105,575.49 | 105,687.75 | 103,217.21 | 826,304.46 | |||||||||||||||||
| Research and development: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Research and development: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 26,523.58 | 27,503.35 | 27,822.05 | 28,599.6 | 27,957.74 | 28,480.84 | 28,574.6 | 27,930.34 | 223,392.1 | |||||||||||||||||
| Research and development: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,400 | 4,510 | 4,620 | 4,730 | 4,620 | 4,730 | 4,730 | 4,620 | 36,960 | |||||||||||||||||
| Research and development: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 38,039.25 | 39,126.57 | 39,982.18 | 40,903.99 | 40,048.38 | 40,903.99 | 40,903.99 | 39,982.18 | 319,890.53 | |||||||||||||||||
| Research and development: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 17,712.35 | 18,290.86 | 18,638.74 | 19,052.51 | 18,704.63 | 19,052.51 | 19,052.51 | 18,638.74 | 149,142.85 | |||||||||||||||||
| Research and development: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 28,420.42 | 29,363.11 | 29,890.68 | 30,532.63 | 30,005.07 | 30,532.63 | 30,532.63 | 29,890.68 | 239,167.85 | |||||||||||||||||
| Research and development: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 187,184.77 | 192,863.56 | 196,482.62 | 202,640.51 | 197,707.65 | 201,861.42 | 202,088.33 | 198,233.75 | 1,579,062.61 | |||||||||||||||||
| Solutions, support and customer success: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 44,731.88 | 44,644.94 | 48,929.27 | 49,028.66 | 53,697.65 | 53,568.65 | 53,627.56 | 53,606.43 | 401,835.04 | |||||||||||||||||
| Solutions, support and customer success: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 16,001.64 | 16,049.25 | 17,545.79 | 17,665.12 | 19,286.37 | 19,168.16 | 19,180.91 | 19,215.38 | 144,112.62 | |||||||||||||||||
| Solutions, support and customer success: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,274.26 | 1,274.26 | 1,408.19 | 1,408.19 | 1,525.87 | 1,633.2 | 1,633.2 | 1,633.2 | 11,790.37 | |||||||||||||||||
| Solutions, support and customer success: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 3,190.8 | 3,194.07 | 3,487.66 | 3,490.78 | 3,834.33 | 3,836.43 | 3,828.49 | 3,834.7 | 28,697.26 | |||||||||||||||||
| Solutions, support and customer success: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,100 | 1,100 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 9,900 | |||||||||||||||||
| Solutions, support and customer success: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 7,198.96 | 7,198.96 | 7,905.62 | 7,905.62 | 8,645.37 | 8,645.37 | 8,645.37 | 8,645.37 | 64,790.64 | |||||||||||||||||
| Solutions, support and customer success: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 2,128 | 2,128 | 2,327.62 | 2,327.62 | 2,560.19 | 2,560.19 | 2,560.19 | 2,560.19 | 19,152 | |||||||||||||||||
| Solutions, support and customer success: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 3,082.08 | 3,082.08 | 3,366.12 | 3,366.12 | 3,710.58 | 3,710.58 | 3,710.58 | 3,710.58 | 27,738.72 | |||||||||||||||||
| Solutions, support and customer success: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 32,322.84 | 32,235.9 | 35,329.91 | 35,429.3 | 38,781.51 | 38,652.51 | 38,711.42 | 38,690.29 | 290,153.68 | |||||||||||||||||
| Sales and marketing: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 75,446.95 | 81,502.72 | 81,398.84 | 86,372.25 | 86,271.42 | 86,334.25 | 82,709.59 | 82,918.92 | 662,954.94 | |||||||||||||||||
| Sales and marketing: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 26,631.89 | 28,865.77 | 28,843.65 | 30,672.06 | 30,602.95 | 30,487.31 | 29,428.75 | 29,363.32 | 234,895.7 | |||||||||||||||||
| Sales and marketing: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,411.44 | 1,411.44 | 1,411.44 | 1,523.88 | 1,523.88 | 1,631.61 | 1,371.97 | 1,371.97 | 11,657.63 | |||||||||||||||||
| Sales and marketing: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,538.52 | 7,124.55 | 7,120.81 | 7,495.61 | 7,494.91 | 7,525.81 | 7,298.54 | 7,283.75 | 57,882.5 | |||||||||||||||||
| Sales and marketing: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,540 | 1,650 | 1,650 | 1,760 | 1,760 | 1,760 | 1,650 | 1,650 | 13,420 | |||||||||||||||||
| Sales and marketing: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 11,147.69 | 12,052.95 | 12,052.95 | 12,809.26 | 12,809.26 | 12,809.26 | 12,248.25 | 12,248.25 | 98,177.87 | |||||||||||||||||
| Sales and marketing: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,359.42 | 4,756.72 | 4,756.72 | 5,005.76 | 5,005.76 | 5,005.76 | 4,872.09 | 4,872.09 | 38,634.32 | |||||||||||||||||
| Sales and marketing: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,821.06 | 7,446.41 | 7,446.41 | 7,803.32 | 7,803.32 | 7,803.32 | 7,639.3 | 7,639.3 | 60,402.44 | |||||||||||||||||
| Sales and marketing: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 53,118.78 | 57,246.64 | 57,142.76 | 60,753.91 | 60,653.08 | 60,715.91 | 57,949.95 | 58,159.28 | 465,740.31 | |||||||||||||||||
| General and administrative: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 44,038.84 | 44,160.07 | 48,481.69 | 48,284.21 | 48,232.1 | 48,300.51 | 48,343.52 | 48,411.5 | 378,252.44 | |||||||||||||||||
| General and administrative: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 15,411.81 | 15,436.28 | 16,921.53 | 16,868.15 | 16,906.94 | 16,873.59 | 16,802.42 | 16,818.28 | 132,039 | |||||||||||||||||
| General and administrative: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 725.92 | 725.92 | 871.11 | 871.11 | 871.11 | 939.39 | 939.39 | 939.39 | 6,883.34 | |||||||||||||||||
| General and administrative: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,145.81 | 4,147.51 | 4,421.57 | 4,418.95 | 4,423.95 | 4,425.14 | 4,425.64 | 4,433.12 | 34,841.69 | |||||||||||||||||
| General and administrative: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 770 | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 6,820 | |||||||||||||||||
| General and administrative: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,320.28 | 6,320.28 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 54,702.84 | |||||||||||||||||
| General and administrative: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 2,764.63 | 2,764.63 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 23,215.94 | |||||||||||||||||
| General and administrative: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 5,220.76 | 5,220.76 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 43,403.9 | |||||||||||||||||
| General and administrative: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 29,733.17 | 29,854.4 | 33,029.8 | 32,832.32 | 32,780.21 | 32,848.62 | 32,891.63 | 32,959.61 | 256,929.76 | |||||||||||||||||
| Machine learning research scientists: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 0 | |||||||||||||||||
| Machine learning engineers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 11 | 0 | |||||||||||||||||
| Software engineers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 13 | 13 | 14 | 14 | 13 | 14 | 14 | 14 | 0 | |||||||||||||||||
| CTO and engineering leads: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 0 | |||||||||||||||||
| Product managers and designers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Solutions engineers and support: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 0 | |||||||||||||||||
| Customer success managers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 0 | |||||||||||||||||
| Head of sales: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |||||||||||||||||
| Account executives (base salary): headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Sales development representatives: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | |||||||||||||||||
| Marketing: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 0 | |||||||||||||||||
| Founders and executives (CEO, COO): headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | |||||||||||||||||
| Finance, people and office: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Paid leave days taken | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | HR system | 70.3 | 147.8 | 70.6 | 163.4 | 178 | 107.6 | 292.7 | 574.9 | 1,605.3 | |||||||||||||||||
| Sales commissions earned (gross) | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | commission statements | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 141,000 | |||||||||||||||||
| CIR-eligible personnel costs (time records: research share of salaries and employer contributions) | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | time records | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 1,805,641.28 | |||||||||||||||||
| Software and IT tools | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 17,964.17 | 17,385.59 | 18,123.85 | 19,869.56 | 17,944.87 | 18,293.52 | 18,498.38 | 18,949.95 | 147,029.89 | |||||||||||||||||
| Paid media and content | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 40,122.19 | 38,266.5 | 44,158.36 | 39,060.9 | 36,977.95 | 39,565.64 | 38,526.92 | 31,571.67 | 308,250.13 | |||||||||||||||||
| Events and conferences | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 14,295.59 | 12,160.67 | 12,759.39 | 12,697.28 | 14,181.74 | 38,077.73 | 14,789.14 | 13,126.66 | 132,088.2 | |||||||||||||||||
| Office rent, Paris (quarterly in advance) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 272,000 | |||||||||||||||||
| Legal, statutory audit and accounting | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 16,317.2 | 16,190.39 | 34,446.7 | 17,409.94 | 15,872.42 | 15,162.98 | 17,487.83 | 15,878.32 | 148,765.78 | |||||||||||||||||
| Insurance | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 36,000 | |||||||||||||||||
| Recruitment | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 7,675.8 | 16,033.25 | 23,048.39 | 14,790.36 | 9,257.09 | 7,702.66 | 1,000 | 1,000 | 80,507.55 | |||||||||||||||||
| Travel (VAT not recovered) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 11,939.7 | 11,991.62 | 11,894.58 | 10,435.89 | 10,844.45 | 10,029.29 | 10,860.83 | 9,587.64 | 87,584 | |||||||||||||||||
| Local business taxes (CFE and CVAE) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 11,200 | |||||||||||||||||
| Capex: IT equipment | OVERHEADS, CAPEX AND CARD PROCESSING | asset register | 5,057.75 | 7,270.69 | 9,512.1 | 7,262.12 | 4,693.56 | 5,463.47 | 2,233.55 | 2,185.01 | 43,678.25 | |||||||||||||||||
| Card processing fees | OVERHEADS, CAPEX AND CARD PROCESSING | processor statements | 5,639.98 | 5,763.05 | 6,071.85 | 5,962.55 | 6,279.26 | 6,407.25 | 6,447.74 | 6,341.18 | 48,912.86 | |||||||||||||||||
| Card payouts (Developer packs and Team plans, net of fees) | RECEIPTS (bank) | bank | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 2,425,217.43 | |||||||||||||||||
| Enterprise receipts: accounts in France (incl. VAT) | RECEIPTS (bank) | bank | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 740,000 | |||||||||||||||||
| Enterprise receipts: accounts outside France | RECEIPTS (bank) | bank | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 1,217,470.41 | |||||||||||||||||
| Research tax credit refunded | RECEIPTS (bank) | bank | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 935,770 | |||||||||||||||||
| Interest received on term deposits | RECEIPTS (bank) | bank | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 128,185.5 | |||||||||||||||||
| Compute suppliers paid in USD (Provider A and vendor B), EUR debited | PAYMENTS (bank) | bank | 107,546.17 | 123,320.74 | 125,872.77 | 124,046.4 | 123,735.7 | 133,093.42 | 134,594.58 | 142,250.18 | 1,014,459.96 | |||||||||||||||||
| Model API vendor C | PAYMENTS (bank) | bank | 7,104.97 | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 68,665.35 | |||||||||||||||||
| Company card statements (software, media, travel) | PAYMENTS (bank) | bank | 67,925.28 | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 550,680.04 | |||||||||||||||||
| French suppliers incl. VAT and equipment | PAYMENTS (bank) | bank | 48,894.67 | 52,015.61 | 61,986 | 95,719.9 | 62,591.64 | 52,805.77 | 79,688.21 | 42,612.62 | 496,314.42 | |||||||||||||||||
| Rent (quarterly in advance, incl. VAT) | PAYMENTS (bank) | bank | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 367,200 | |||||||||||||||||
| Insurance (direct debit) | PAYMENTS (bank) | bank | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 36,000 | |||||||||||||||||
| URSSAF (DSN, 5th) | PAYMENTS (bank) | bank | 213,682.42 | 219,057.13 | 226,130.17 | 245,947.1 | 239,469.37 | 254,250.73 | 241,473.55 | 252,464.91 | 1,892,475.38 | |||||||||||||||||
| Income tax withheld at source (5th) | PAYMENTS (bank) | bank | 42,455.68 | 43,544.32 | 45,112.36 | 49,245.99 | 47,195.8 | 50,719.38 | 47,540.26 | 50,425.29 | 376,239.08 | |||||||||||||||||
| Agirc-Arrco and schemes (25th) | PAYMENTS (bank) | bank | 73,047.74 | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 658,440.49 | |||||||||||||||||
| VAT return (CA3) | PAYMENTS (bank) | bank | 23,815.14 | 5,032.49 | 29,880.54 | 24,527.85 | 0 | 32,840.42 | 35,412.85 | 4,281.6 | 155,790.89 | |||||||||||||||||
| Local business taxes (CFE and CVAE) | PAYMENTS (bank) | bank | 0 | 0 | 0 | 0 | 500 | 8,050 | 0 | 0 | 8,550 |
| label | basis | section | format | kind | bold | value c | value d |
|---|---|---|---|---|---|---|---|
| Cash at bank and term deposits | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 12,200,000 | |
| VAT to deduct on French supplier invoices not yet paid | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 8,149.11 | |
| Enterprise receivables: accounts in France (incl. VAT) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 141,000 | |
| Enterprise receivables: accounts outside France | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 226,666.67 | |
| Contract assets (Enterprise usage ahead of billing) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Research tax credit receivable (FY2025 claim) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 935,770 | |
| Other prepayments | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 30,000 | |
| Rent deposit | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 102,000 | |
| IT equipment: cost | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 260,000 | |
| IT equipment: accumulated depreciation | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 140,000 | |
| Office fit-out: cost | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 180,000 | |
| Office fit-out: accumulated depreciation | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 60,000 | |
| Trade payables: compute suppliers in USD (at the December rate) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 107,812.56 | |
| Trade payables: model API vendor C | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 7,104.97 | |
| Trade payables: company card statements | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 67,925.28 | |
| Trade payables: French suppliers (incl. VAT) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 48,894.67 | |
| Contract liabilities: Enterprise commitments billed ahead of usage | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 384,305.29 | |
| Contract liabilities: Developer credits | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 208,980.33 | |
| VAT payable (December return) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 23,815.14 | |
| VAT on French invoices not yet collected | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 23,500 | |
| URSSAF payable (December payroll) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 213,682.42 | |
| Income tax withheld payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 42,455.68 | |
| Agirc-Arrco and schemes payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 73,047.74 | |
| Commissions payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Employer contributions accrued on commissions | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Paid leave provision | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 263,740.15 | |
| Local business taxes accrued (CVAE 2025 balance) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 500 | |
| Share capital | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 150,000 | |
| Share premium | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 24,450,000 | |
| Accumulated losses | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | -12,182,178.45 | |
| Paid leave days outstanding at 31-Dec-25 | HR system | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | num1 | input | False | 665 | |
| Compute supplier invoices of December in USD (paid in January) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 126,226.94 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Software and IT tools | COST LINES | reverse charge | 17,964.17 | 17,385.59 | 18,123.85 | 19,869.56 | 17,944.87 | 18,293.52 | 18,498.38 | 18,949.95 | 18,345.04 | 18,451.1753 | 18,504.1261 | 18,435.6706 | 19,442.3077 | 19,492.3941 | 19,541.3521 | 19,715.2486 | 19,641.6435 | 19,691.6974 | 19,742.5939 | 19,670.2016 | 19,721.4559 | 19,649.5687 | 19,577.9707 | 19,507.0203 | 220,765.902 | 235,393.4545 |
| Paid media and content | COST LINES | reverse charge | 40,122.19 | 38,266.5 | 44,158.36 | 39,060.9 | 36,977.95 | 39,565.64 | 38,526.92 | 31,571.67 | 38,000 | 43,700 | 38,000 | 38,000 | 31,160 | 31,160 | 35,834 | 31,160 | 31,160 | 31,160 | 31,160 | 24,928 | 31,160 | 35,834 | 31,160 | 31,160 | 465,950.13 | 377,036 |
| Events and conferences | COST LINES | French VAT 20% | 14,295.59 | 12,160.67 | 12,759.39 | 12,697.28 | 14,181.74 | 38,077.73 | 14,789.14 | 13,126.66 | 14,000 | 14,000 | 14,000 | 14,000 | 11,480 | 11,480 | 11,480 | 11,480 | 11,480 | 28,700 | 11,480 | 11,480 | 11,480 | 11,480 | 11,480 | 11,480 | 188,088.2 | 154,980 |
| Office rent, Paris (quarterly in advance) | COST LINES | French VAT 20% | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 408,000 | 418,200 |
| Legal, statutory audit and accounting | COST LINES | French VAT 20% | 16,317.2 | 16,190.39 | 34,446.7 | 17,409.94 | 15,872.42 | 15,162.98 | 17,487.83 | 15,878.32 | 16,000 | 16,000 | 16,000 | 16,000 | 16,400 | 16,400 | 36,080 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 212,765.78 | 216,480 |
| Insurance | COST LINES | no VAT recovered | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 54,000 | 55,350 |
| Recruitment | COST LINES | French VAT 20% | 7,675.8 | 16,033.25 | 23,048.39 | 14,790.36 | 9,257.09 | 7,702.66 | 1,000 | 1,000 | 1,000 | 8,500 | 6,858.75 | 3,091.6357 | 21,852.019 | 6,865.4356 | 6,856.7206 | 10,669.2054 | 3,182.0488 | 6,933.7414 | 6,963.0539 | 3,203.8544 | 6,955.6658 | 3,205.4675 | 3,196.5172 | 3,198.5754 | 99,957.9357 | 83,082.3048 |
| Travel (VAT not recovered) | COST LINES | no VAT recovered | 11,939.7 | 11,991.62 | 11,894.58 | 10,435.89 | 10,844.45 | 10,029.29 | 10,860.83 | 9,587.64 | 11,000 | 11,000 | 11,000 | 11,000 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 131,584 | 135,300 |
| Local business taxes (CFE and CVAE) | COST LINES | no VAT recovered | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 16,800 | 17,600 |
| TOTAL OVERHEADS | COST LINES | 148,214.65 | 151,928.02 | 184,331.27 | 154,163.93 | 144,978.52 | 168,731.82 | 141,063.1 | 130,014.24 | 138,245.04 | 151,551.1753 | 144,262.8761 | 140,427.3063 | 152,538.4933 | 137,601.9963 | 161,996.2394 | 141,628.6207 | 134,067.859 | 155,089.6054 | 137,949.8144 | 127,886.2227 | 137,921.2884 | 138,773.2028 | 134,018.6546 | 133,949.7623 | 1,797,911.9477 | 1,693,421.7593 | |
| Rent paid incl. VAT (first working day of each quarter) | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | A: bank; F: three months in advance | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 489,600 | 501,840 |
| PREPAID RENT | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | opening + paid ex VAT - expense | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 0 | 0 |
| Insurance paid (direct debit in the month) | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | A: bank; F: expense | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 54,000 | 55,350 |
| Paid (May: CVAE balance; June: CFE and CVAE instalments; September: CVAE instalment; December: CFE) | LOCAL BUSINESS TAXES (CFE AND CVAE) | A: bank; F: calendar | 0 | 0 | 0 | 0 | 500 | 8,050 | 0 | 0 | 1,850 | 0 | 0 | 6,700 | 0 | 0 | 0 | 0 | 200 | 8,400 | 0 | 0 | 1,950 | 0 | 0 | 6,850 | 17,100 | 17,400 |
| LOCAL BUSINESS TAXES ACCRUED | LOCAL BUSINESS TAXES (CFE AND CVAE) | 1,900 | 3,300 | 4,700 | 6,100 | 7,000 | 350 | 1,750 | 3,150 | 2,700 | 4,100 | 5,500 | 200 | 1,666.6667 | 3,133.3333 | 4,600 | 6,066.6667 | 7,333.3333 | 400 | 1,866.6667 | 3,333.3333 | 2,850 | 4,316.6667 | 5,783.3333 | 400 | 200 | 400 | |
| Check at December: accrued equals the CVAE of the year less its two instalments (must be zero) | LOCAL BUSINESS TAXES (CFE AND CVAE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex: IT equipment | A: register; F: hires x equipment + replacement | 5,057.75 | 7,270.69 | 9,512.1 | 7,262.12 | 4,693.56 | 5,463.47 | 2,233.55 | 2,185.01 | 2,500 | 4,900 | 4,374.8 | 3,169.3234 | 9,172.6461 | 4,376.9394 | 4,374.1506 | 5,594.1457 | 3,198.2556 | 4,398.7972 | 4,408.1772 | 3,205.2334 | 4,405.813 | 3,205.7496 | 3,202.8855 | 3,203.5441 | 58,622.3734 | 52,746.3375 | |
| Depreciation of assets held at 31-Dec-25 | register | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 72,000 | 72,000 | |
| Depreciation of additions (36 months) | 0 | 140.4931 | 342.4567 | 606.6817 | 808.4072 | 938.7839 | 1,090.5469 | 1,152.59 | 1,213.2847 | 1,282.7292 | 1,418.8403 | 1,540.3625 | 1,628.3993 | 1,883.195 | 2,004.7766 | 2,126.2808 | 2,281.6738 | 2,370.5142 | 2,492.703 | 2,615.1524 | 2,704.1866 | 2,826.5703 | 2,915.6189 | 3,004.588 | 10,535.1761 | 28,853.6589 | ||
| DEPRECIATION | 6,000 | 6,140.4931 | 6,342.4567 | 6,606.6817 | 6,808.4072 | 6,938.7839 | 7,090.5469 | 7,152.59 | 7,213.2847 | 7,282.7292 | 7,418.8403 | 7,540.3625 | 7,628.3993 | 7,883.195 | 8,004.7766 | 8,126.2808 | 8,281.6738 | 8,370.5142 | 8,492.703 | 8,615.1524 | 8,704.1866 | 8,826.5703 | 8,915.6189 | 9,004.588 | 82,535.1761 | 100,853.6589 | ||
| FIXED ASSETS, NET BOOK VALUE | 239,057.75 | 240,187.9469 | 243,357.5903 | 244,013.0286 | 241,898.1814 | 240,422.8675 | 235,565.8706 | 230,598.2906 | 225,885.0058 | 223,502.2767 | 220,458.2364 | 216,087.1973 | 217,631.4441 | 214,125.1885 | 210,494.5625 | 207,962.4274 | 202,879.0092 | 198,907.2923 | 194,822.7665 | 189,412.8476 | 185,114.474 | 179,493.6532 | 173,780.9198 | 167,979.876 | 216,087.1973 | 167,979.876 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Output VAT: card sales in France (paid at purchase) | Credits and Team | 21,748.2713 | 22,883.1483 | 23,692.1879 | 23,430.1681 | 24,362.1794 | 25,047.1476 | 25,296.3032 | 24,871.4065 | 25,217.0052 | 25,378.8993 | 25,273.2235 | 24,968.6225 | 25,576.8859 | 25,472.1963 | 25,673.8695 | 25,427.4305 | 25,393.4152 | 25,527.6551 | 25,037.7029 | 24,241.5506 | 25,874.9249 | 26,076.4075 | 25,978.235 | 25,659.732 | 292,168.5628 | 305,940.0052 | |
| Output VAT: French Enterprise receipts | receipts x 20 / 120 | 11,833.3333 | 15,666.6667 | 11,166.6667 | 12,166.6667 | 19,666.6667 | 19,166.6667 | 12,666.6667 | 21,000 | 12,499.9997 | 12,083.3333 | 17,416.6667 | 25,204.7473 | 12,083.3333 | 17,416.6667 | 28,500 | 11,400 | 22,313.6271 | 36,064.1448 | 20,106.2389 | 18,413.7243 | 25,500 | 10,806.6667 | 16,933.3333 | 25,500 | 190,538.0803 | 245,037.7352 | |
| Input VAT: French supplier payments | payments x 20 / 120 | -8,149.1117 | -8,669.2683 | -10,331 | -15,953.3167 | -10,431.94 | -8,800.9617 | -13,281.3683 | -7,102.1033 | -6,437.9977 | -6,700 | -8,680 | -8,246.71 | -7,252.1918 | -11,780.933 | -7,824.475 | -11,758.1742 | -8,828.6702 | -6,852.0609 | -11,286.5077 | -7,850.2462 | -6,857.8176 | -7,848.2958 | -6,858.2434 | -6,855.8805 | -112,783.7777 | -101,853.4964 | |
| Input VAT: rent | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -81,600 | -83,640 | ||
| NET VAT FOR THE MONTH | 5,032.493 | 29,880.5466 | 24,527.8546 | -756.4819 | 33,596.9061 | 35,412.8526 | 4,281.6015 | 38,769.3032 | 31,279.0072 | 10,362.2326 | 34,009.8902 | 41,926.6599 | 9,498.0274 | 31,107.9299 | 46,349.3945 | 4,159.2562 | 38,878.3721 | 54,739.739 | 12,947.434 | 34,805.0287 | 44,517.1073 | 8,124.7784 | 36,053.325 | 44,303.8514 | 288,322.8655 | 365,484.244 | ||
| VAT paid (CA3, next month) | A: bank; F: prior position if payable | 23,815.14 | 5,032.49 | 29,880.54 | 24,527.85 | 0 | 32,840.42 | 35,412.85 | 4,281.6 | 38,769.3256 | 31,279.0072 | 10,362.2326 | 34,009.8902 | 41,926.6599 | 9,498.0274 | 31,107.9299 | 46,349.3945 | 4,159.2562 | 38,878.3721 | 54,739.739 | 12,947.434 | 34,805.0287 | 44,517.1073 | 8,124.7784 | 36,053.325 | 270,211.3456 | 363,107.0525 | |
| VAT PAYABLE / (CREDIT CARRIED FORWARD) | 5,032.493 | 29,880.5496 | 24,527.8642 | -756.4677 | 32,840.4383 | 35,412.8709 | 4,281.6225 | 38,769.3256 | 31,279.0072 | 10,362.2326 | 34,009.8902 | 41,926.6599 | 9,498.0274 | 31,107.9299 | 46,349.3945 | 4,159.2562 | 38,878.3721 | 54,739.739 | 12,947.434 | 34,805.0287 | 44,517.1073 | 8,124.7784 | 36,053.325 | 44,303.8514 | 41,926.6599 | 44,303.8514 | ||
| Check: position equals the month plus any credit carried (must be zero) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| VAT to deduct on French supplier invoices not yet paid (asset) | payable x 20 / 120 | 8,669.268 | 10,330.9997 | 15,953.3157 | 10,431.939 | 8,800.961 | 13,281.3673 | 7,102.103 | 6,437.9977 | 6,700 | 8,680 | 8,246.71 | 7,252.1918 | 11,780.933 | 7,824.475 | 11,758.1742 | 8,828.6702 | 6,852.0609 | 11,286.5077 | 7,850.2462 | 6,857.8176 | 7,848.2958 | 6,858.2434 | 6,855.8805 | 6,856.4239 | 7,252.1918 | 6,856.4239 | |
| Reverse charge on services bought abroad (self-assessed and deducted: nets to zero) | memo | 38,096.7144 | 37,426.6255 | 39,188.0377 | 38,232.552 | 39,048.345 | 40,105.1436 | 42,262.54 | 40,859.417 | 43,182.5665 | 42,508.9043 | 41,271.5868 | 41,550.6353 | 47,172.6159 | 46,850.8939 | 47,985.792 | 46,550.9624 | 47,041.1971 | 46,346.6514 | 46,435.1495 | 44,934.4641 | 46,062.2997 | 47,149.4297 | 46,101.6039 | 46,418.1773 | 483,733.0679 | 559,049.2369 | |
| Services to EU businesses declared on the DES (reverse charge by the customer) | memo | 247,024.8205 | 266,270.1205 | 189,005.6535 | 252,062.4965 | 263,606.2685 | 196,383.057 | 335,363.196 | 267,870.782 | 187,026.7154 | 320,910.2849 | 264,524.7267 | 221,264.6327 | 360,157.9903 | 286,141.9481 | 209,120.5433 | 332,034.2931 | 279,610.6537 | 182,695.3613 | 336,190.2425 | 251,000.567 | 175,305.1136 | 336,591.513 | 258,812.3882 | 203,754.9042 | 3,011,312.7542 | 3,211,415.5182 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit before tax | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -322,710.4709 | -416,969.1959 | -407,105.4153 | -366,385.0473 | -437,023.7097 | -448,512.6123 | -346,071.2286 | -463,318.9011 | -394,438.4263 | -352,198.925 | -393,551.0493 | -249,750.5603 | -424,583.0627 | -465,695.0187 | -459,084.7743 | -371,542.0091 | -4,522,600.4672 | -4,805,770.2773 | |
| Less: research tax credit (not taxable) | PL | -89,210.6082 | -93,117.4902 | -94,080.7266 | -97,638.9456 | -96,313.8624 | -96,551.2884 | -96,941.5524 | -94,514.8638 | -93,543.835 | -94,392.3885 | -94,116.2033 | -93,840.0283 | -99,012.8198 | -98,715.2407 | -99,840.6863 | -99,547.0697 | -99,254.2979 | -99,604.6398 | -99,313.9584 | -99,024.1187 | -100,159.1019 | -99,864.5062 | -99,570.7835 | -99,282.0847 | -1,134,261.7926 | -1,193,189.3076 | |
| Taxable result | -458,821.6188 | -511,295.0488 | -517,132.2525 | -546,617.419 | -449,459.5503 | -564,389.1094 | -450,321.0397 | -269,763.6368 | -416,254.3059 | -511,361.5844 | -501,221.6185 | -460,225.0755 | -536,036.5295 | -547,227.8531 | -445,911.9148 | -562,865.9708 | -493,692.7242 | -451,803.5648 | -492,865.0077 | -348,774.679 | -524,742.1646 | -565,559.5249 | -558,655.5578 | -470,824.0938 | -5,656,862.2598 | -5,998,959.5849 | ||
| Taxable profit year to date before losses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax losses available at the start of the year | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 21,148,862.2598 | 15,492,000 | 21,148,862.2598 | ||
| Tax losses used year to date | EUR 1m + 50% above | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax losses carried forward at the month end | available + losses of the year - used | 15,950,821.6188 | 16,462,116.6677 | 16,979,248.9202 | 17,525,866.3392 | 17,975,325.8896 | 18,539,714.9989 | 18,990,036.0386 | 19,259,799.6754 | 19,676,053.9814 | 20,187,415.5657 | 20,688,637.1843 | 21,148,862.2598 | 21,684,898.7893 | 22,232,126.6424 | 22,678,038.5573 | 23,240,904.5281 | 23,734,597.2523 | 24,186,400.8171 | 24,679,265.8247 | 25,028,040.5037 | 25,552,782.6683 | 26,118,342.1932 | 26,676,997.751 | 27,147,821.8448 | 21,148,862.2598 | 27,147,821.8448 | |
| Corporate income tax year to date | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CHARGE FOR THE MONTH (P&L) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Paid (balance with the return in May of the next year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CORPORATE INCOME TAX PAYABLE | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CFO decisions & actions
Downside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Risk | Likelihood | Impact | Score | Mitigation and owner |
|---|---|---|---|---|
| Funding: at its lowest point (Nov-27) the Downside case is EUR 1,082k below the EUR 3.0m buffer. The business burns about EUR 404k a month in FY2027. | 4 | 5 | 20 | Series C plan to the board by November; process from the first quarter of 2027; monthly cash review against the buffer; CEO and BriQs CFO |
| Vendor B: 56% of revenue runs on its models; its fourth-quarter price is not confirmed and a rise or outage hits voice and agents at once | 4 | 4 | 16 | Second voice model qualified by December; routing between models; price protection in the renewal of the vendor B contract; CTO |
| Price pressure: list prices down 8% in 2026 and 20% planned for 2027; the Downside tests 20% | 3 | 4 | 12 | Price list for 2027 set after the vendor B answer; value-based pricing for Enterprise workflows; CEO and Head of sales |
| GPU capacity: inference needs 88% of usable reserved hours by December; research hours are squeezed; on-demand GPUs cost 74% more | 4 | 3 | 12 | 2027 reservation decided by November; efficiency roadmap per product; CTO and Finance lead |
| Cloud commitment: a 2026 shortfall of USD 118k is provided and payable in January | 3 | 2 | 6 | Roll the shortfall into the 2027 commitment; size 2027 to the plan with a usage review each quarter; Finance lead |
| Enterprise renewals and unused commitments: EUR 327k of FY2026 revenue comes from commitments not used; Pravenza Retail left for an in-house open-weights model | 3 | 3 | 9 | Usage reviews each quarter with every account; renewal plan 90 days before each anniversary; Head of customer success |
| Research tax credit: EUR 1,134k a year depends on SME status for the cash refund and on time records that survive a tax audit | 2 | 4 | 8 | SME status confirmed by the tax adviser; time records and technical files kept monthly; Finance lead |
| Team acquisition and churn: 14.5 new customers a month against 17.6 budgeted; 2.4% lost each month | 3 | 2 | 6 | Onboarding for the first 60 days; usage alerts before the allowance runs out; Head of marketing |
| Service reliability: the 28 April incident led to the disputed Tervane invoice (EUR 18.1k) | 2 | 3 | 6 | Idempotent retries so a retried call is never billed twice; incident credits policy; CTO |
| Key people: the machine learning research team holds the models and the Paris market for that profile is tight | 3 | 3 | 9 | Retention plan for the ten most critical researchers and engineers; succession cover for each lead; CEO |
| Action | Owner | Due | Status | Measure of done |
|---|---|---|---|---|
| Series C plan for the board: amount, timing and milestones, with cash against the buffer by month in each scenario | CEO and BriQs CFO | 2026-11-30 | Open | Board decision on the round and the timetable |
| 2027 GPU reservation and Provider A commitment, with the 2026 shortfall rolled into 2027 | CTO and Finance lead | 2026-11-15 | Open | Signed order form; shortfall rollover in writing |
| Vendor B: confirm the fourth-quarter price and qualify a second voice model | CTO | 2026-12-31 | Open | Price confirmed in writing; second model live for at least 10% of voice traffic |
| 2027 price list: size of the cut by product, Enterprise renewal pricing, Maltessa Telecom repricing plan | CEO and Head of sales | 2026-10-31 | Open | Price list approved after the vendor B answer |
| Research tax credit: SME status confirmation, FY2026 time records file and a prefinancing quote | Finance lead with the tax adviser | 2026-10-31 | Open | Adviser opinion on file; prefinancing terms received |
| Tervane dispute: engineering review of the call logs and settlement of the May invoice | Finance lead and Head of customer success | 2026-10-31 | In progress | Credit note for the calls proven duplicated; balance collected |
| E-invoicing: confirm reception through the approved platform and plan issuance from September 2027 | Finance lead | 2026-10-31 | Open | Supplier invoices received electronically; issuance project in the 2027 budget |
| Unit cost dashboard: price and compute cost per 1,000 units by product in every monthly pack | BriQs CFO | 2026-10-15 | Open | Dashboard in the September pack |
| Downside plan: triggers, the hiring response and the order of cash levers | BriQs CFO | 2026-10-15 | Open | Plan approved by the board and attached to the October pack |
4. How the model works
Inputs_Actuals holds the actual months (credit packs and credits used by pack, Team customers and fees, Enterprise usage and commitments by account, units by product and segment, GPU scheduler hours, supplier invoices in USD and EUR, payroll by department, headcount by band, leave taken, commissions, research time, overheads, receipts and payments) and the opening balance sheet. History holds FY2025 by month, the credit packs live at 31-Dec-25, the 2024 packs that tested the breakage rate and Enterprise usage by account. The Account_Register holds every Enterprise account and pipeline deal with terms, product mix, discount and renewal or win probabilities by scenario. Assumptions holds French tax and payroll rates, pay bands, prices, compute rates, overheads, the timeline and the scenario drivers (selector in Assumptions!C11). Credits, Team and Enterprise run the three revenue models; Revenue consolidates them by segment and product. Usage_Compute turns units into GPU hours, tokens and compute cost; Commitments tests the Provider A commitment; Unit_Costs and Margins allocate the cost to serve. People runs French payroll by band; Research_Credit accrues the CIR. Receivables, Payables, VAT, Tax, Overheads, Fixed_Assets and Treasury roll every flow and balance. PL, BS and CF link only to schedules. BvA, Scenarios, Cash_13W, KPIs, the agings and CFO_Report are reporting layers.
5. Methods an AI-company CFO will look for
| Area | Treatment |
|---|---|
| Prepaid credits and breakage | Each Developer pack is a contract liability; credits used earn 1 / (1 - 12%) of revenue, so the expected breakage is recognised in proportion to use (IFRS 15.B46). When a pack expires after 12 months its actual unused credits are trued up. The liability is proved every month against a pack-by-pack schedule, and the breakage rate is tested against the 2024 packs (12.2% expired unused). |
| Usage and hybrid pricing | Team plans: a monthly fee buys an allowance that lapses at month end; usage above it is billed at list price in the month. Enterprise: usage at contracted prices against an annual commitment billed quarterly in advance, usage above the commitment billed monthly; a commitment not used by the contract year end is recognised then, when its use becomes remote (IFRS 15.B46). |
| Contract balances | Each Enterprise account carries a contract liability (billed ahead of usage) or a contract asset (usage ahead of billing) that clears at every contract year end (checked); the disputed invoice carries a refund liability for the expected credit (IFRS 15.55). |
| Price per unit | Realised price per 1,000 units by product and segment against list, after Enterprise discounts; list price changes are scenario drivers, and customers keep their budgets, so a cut buys more units and raises the cost to serve. |
| Cost to serve per unit | GPU hours per unit (falling each quarter with model optimisation), model tokens per unit at vendor prices, hosting fixed plus per unit; Unit_Costs allocates GPU cost by hours, model API cost by tokens and hosting by its drivers, so every product carries its full compute cost per 1,000 units. |
| GPU capacity | Reserved GPUs are billed for every hour; inference above 85% of reserved hours runs on on-demand GPUs at USD 3.40 an hour against USD 1.95 reserved; research uses the reserved hours inference leaves and is charged to research and development. |
| Committed cloud spend | Provider A spend counts against a calendar-year take-or-pay commitment; utilisation is tracked monthly and the expected shortfall is provided as an onerous contract (IAS 37.66 to 69) from the month it becomes expected, released against the December shortfall invoice. |
| Gross margin by product, segment and account | Revenue, compute, card fees and the solutions and support team allocated to products and segments, both reconciled to the P&L gross profit every month; account margins after compute and support on the Account_Register. |
| Provider concentration | Share of compute spend by provider and share of revenue running on vendor B models, with a business warning on Checks. |
| Research tax credit | Eligible personnel costs from the research time records plus the flat 40% for operating costs, at 30%; accrued monthly as other operating income (IAS 20) and refunded in cash after the claim is filed with the return of the following year; EBITDA before the credit shown as a memo. |
| USD costs | Provider A and vendor B invoices booked at the ECB average rate of the month and paid on the 15th of the next month at that month rate; the difference is a realised exchange gain or loss (IAS 21.28). |
| Collections | Card payouts net of fees for Developer and Team; Enterprise receivables in and outside France at the invoicing still inside the collection days, receipts as the balancing figure, so a slower scenario delays cash without collecting an invoice twice; VAT on French invoices is due only when collected. |
| Budget vs actual | Revenue variance by cause (Developer volume and expiries, Team customers, fee and usage, the lost account, new accounts, existing accounts and credit notes), reconciled to the P&L; EBITDA walk from budget to actual. |
7. Assumptions (company judgements, labelled in the workbook)
- Revenue drivers are the FY2026 year-to-date experience: Developer purchases growing 3% a month in the Base (1% Downside, 4% Upside); Team 14.9 new customers a month before seasonality and 2.4% lost a month; Enterprise usage growth by account on the Account_Register, renewal probabilities by account and scenario, pipeline wins at their probabilities.
- Breakage 12% of credits, retested every quarter against the packs that expire.
- Prices: list prices cut 10% in January 2027 in the Base (20% Downside, 5% Upside); customers keep their budgets.
- Compute: vendor B at USD 2.00 per million tokens to September, then USD 1.50 in the Base (USD 1.80 Downside, USD 1.40 Upside); GPU hours per unit falling 3% a quarter in the Base; 20 reserved GPUs in 2027 (18 Downside, 22 Upside); Provider A 2027 commitment USD 800k (700k and 850k).
- USD per EUR 1.1463 from September in the Base (1.08 Downside, 1.18 Upside).
- SME status under the EU definition for the cash refund of the research tax credit (the venture funds are treated as not linked); FY2026 claim refunded in September 2027 in the Base (December 2027 Downside, August 2027 Upside).
- AT/MP rate 0.80% until the notified rate is received; health, protection and transport schemes EUR 110 per head a month; 2027: monthly ceiling EUR 4,085 and SMIC EUR 1,900.63 until published, pay review 3% in the Base.
- Research shares of time by band from the time records; attrition by department (10% research and development to 20% sales and marketing); fifteen hires planned from October 2026 to September 2027, leavers replaced after two months.
- Enterprise accounts pay 50 days after invoice on average (45 and 60-day terms); the Downside adds 15 days. The Tervane Assurances disputed invoice: 30% credit expected in the Base, settled in October.
- Opening balances at 31-Dec-25 are fictional FY2025 accounts; share premium and accumulated losses are consistent with about EUR 24.6m raised to date.
- No deferred tax asset on the tax losses; the office lease is expensed as rent (IFRS 16 not applied); CFE and CVAE for 2027 are company estimates.
9. Using the workbook
- Change the scenario on Assumptions!C11 (1 Base, 2 Downside, 3 Upside); every forecast month, the CFO report and the Cover move with it. The Scenarios sheet holds the three snapshots; the check turns red if the live figures stop matching the stored snapshot.
- Blue on yellow cells are inputs; black are formulas; green link other sheets. Actual data is typed only on Inputs_Actuals, History, the Account_Register and Budget_FY26.
- The month-end procedure is on the Guide sheet: enter the month, move the last actual month on Assumptions, update the Account_Register, the Provider A shortfall estimate and the agings, refresh the snapshots and reread Checks.
Executive review
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
3. What the numbers say (Base)
| Measure | Value |
|---|---|
| YTD Aug-26 revenue vs budget | EUR 4,206k against EUR 4,316k; variance (2.5%); 44.1% on the same months of 2025 |
| YTD EBITDA vs budget | (EUR 3,083k) against (EUR 2,970k); gross margin 56.8% against 60.5% budgeted |
| Revenue variance by cause, YTD | Pravenza Retail not renewed (EUR 101k); new accounts later than budgeted (EUR 42k); existing accounts on usage EUR 53k; Team customer numbers (EUR 46k); Team usage above the allowance EUR 25k; Developer credits used EUR 17k |
| FY2026 revenue, gross margin, EBITDA, net result | EUR 6,615k (39.4% on FY2025), 58.5%, (EUR 4,483k), (EUR 4,388k) |
| Research tax credit | EUR 1,138k accrued for FY2026 (17.2% of revenue); EBITDA before the credit (EUR 5,621k); the FY2025 claim of EUR 936k was refunded in July 2026 |
| Revenue mix FY2026 | Enterprise 47%, Team 37%, Developer 16%; pure usage 24% of revenue |
| Price and compute cost per 1,000 units, FY2026 to FY2027 | Document AI EUR 10.13 and EUR 1.34 to EUR 9.05 and EUR 1.21; Voice AI EUR 7.46 and EUR 2.78 to EUR 6.64 and EUR 2.31; Agent workspace EUR 17.56 and EUR 5.45 to EUR 15.60 and EUR 4.39 |
| Gross margin FY2026 by product and segment | Document AI 72%, Voice AI 48%, Agent workspace 54%; Developer 64%, Team 63%, Enterprise 56%; by account 43% (Maltessa Telecom) to 65% (Draxholm Logistik) |
| Contract balances at Aug-26 | Developer credits EUR 249k (face value EUR 342k); Enterprise billed ahead of usage EUR 419k, usage not yet billed EUR 22k; unused Enterprise commitments recognised in FY2026 EUR 326k |
| Enterprise net revenue retention on usage | 117% at Aug-26, 117% at Dec-27 |
| Compute | 25.1% of revenue in FY2026 against 26.1% in FY2025, 23.6% in FY2027; inference at 96% of usable reserved GPU hours in Dec-26 |
| Provider A commitment | USD 780k for 2026, spend USD 666k: shortfall USD 113.5k provided as onerous (EUR 99k in FY2026) |
| Provider concentration | 56% of FY2026 revenue runs on vendor B models; compute spend: vendor B 59%, Provider A 34%, vendor C 7% |
| Cash | EUR 9,337k at Aug-26; 13-week low EUR 7,830k in the week ending 11 Dec 2026; lowest month-end EUR 3,526k in Dec-27, EUR 526k above the EUR 3.0m board buffer |
| Scenario (negatives in brackets) | FY2027 revenue | FY2027 gross margin | FY2027 EBITDA | Lowest month-end cash | Headroom over the buffer |
|---|---|---|---|---|---|
| Base | EUR 8,684k (31.3% growth) | 61.9% | (EUR 4,112k) | EUR 3,526k in Dec-27 | EUR 526k |
| Downside | EUR 6,948k (7.5% growth) | 53.0% | (EUR 4,790k) | EUR 1,918k in Nov-27 | (EUR 1,082k) |
| Upside | EUR 9,599k (43.6% growth) | 65.8% | (EUR 3,344k) | EUR 4,379k in Dec-27 | EUR 1,379k |
The story: revenue grows 39% in FY2026 but lands 3.8% below budget, because Pravenza Retail moved its workload to an in-house model at its March renewal and the new Enterprise accounts came months later than budgeted. Gross margin is 3.7 points under budget year to date (56.8% against 60.5%): list prices fell 8% in January while vendor B kept its model price, and the Provider A commitment will fall USD 114k short, which is provided. FY2027 turns on vendor B: at USD 1.50 per million tokens the cost per unit falls faster than the 10% price cut and gross margin reaches 61.9%; the Downside (20% cut, vendor B at USD 1.80) takes it to 53.0%. Voice, the most model-intensive product, earns the thinnest margin (48%). The research tax credit is worth EUR 1.14m a year, without which the business consumes EUR 5.62m of EBITDA. Cash of EUR 9.34m carries the Base through 2027 EUR 526k above the buffer, but the Downside falls EUR 1,082k below it by Nov-27: the next equity round has to close in 2027 and the process starts in the first quarter.
| Measure | Unit | Base | Downside | Upside |
|---|---|---|---|---|
| FY2026 revenue (outlook) | EUR | 6,615,228.1449 | 6,461,934.695 | 6,686,782.3385 |
| FY2027 revenue | EUR | 8,683,872.0009 | 6,948,117.9701 | 9,599,358.5438 |
| FY2027 revenue growth | % | 31.27% | 7.52% | 43.56% |
| FY2026 gross margin % | % | 58.53% | 56.87% | 59.28% |
| FY2027 gross margin % | % | 61.94% | 53.02% | 65.77% |
| FY2027 compute in cost of revenue, % of revenue | % | 23.63% | 31.3% | 21% |
| FY2026 EBITDA | EUR | -4,483,458.7345 | -4,608,065.6446 | -4,405,290.6802 |
| FY2027 EBITDA | EUR | -4,111,553.0456 | -4,789,844.5215 | -3,344,098.8799 |
| FY2027 EBITDA before the research tax credit | EUR | -5,423,328.184 | -5,983,033.8291 | -4,662,242.1038 |
| FY2027 net profit / (loss) | EUR | -4,121,188.6357 | -4,805,770.2773 | -3,345,349.9682 |
| Enterprise net revenue retention on usage at Dec-27 | % | 117.26% | 89.31% | 130.53% |
| Provider A 2026 commitment: shortfall (USD) | EUR | 113,508.8574 | 117,738.7791 | 111,625.8218 |
| Provider A 2027 commitment: shortfall (USD) | EUR | 0 | 0 | 0 |
| FY2027 on-demand GPU hours | EUR | 0 | 843.7481 | 0 |
| Cash at 31-Dec-26 | EUR | 7,793,186.7137 | 7,536,276.1494 | 7,874,277.389 |
| Cash at 31-Dec-27 | EUR | 3,525,929.5474 | 2,689,612.8649 | 4,378,557.3416 |
| Lowest month-end cash, Sep-26 to Dec-27 | EUR | 3,525,929.5474 | 1,918,094.8112 | 4,378,557.3416 |
| Month of the lowest cash | month | 2027-12-31 | 2027-11-30 | 2027-12-31 |
| Headroom at the lowest point over the board buffer (negative = below) | EUR | 525,929.5474 | -1,081,905.1888 | 1,378,557.3416 |
| Research tax credit receivable at Dec-27 | EUR | 1,311,775.1384 | 1,193,189.3076 | 1,318,143.2239 |
| FY2027 net burn | EUR | 4,267,257.1663 | 4,846,663.2845 | 3,495,720.0474 |
| Headcount at Dec-27 | number | 90.0995 | 79.2968 | 90.0995 |
P&L & budget
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: prepaid credits used, breakage and true-ups | REVENUE (IFRS 15) | Revenue | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,364.5289 | 96,413.9303 | 102,576.0828 | 101,246.9708 | 114,538.27 | 115,929.0535 | 122,649.9204 | 125,939.9421 | 133,958.9321 | 131,740.0828 | 138,294.607 | 138,316.7474 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,058,009.1618 | 1,659,311.3645 |
| Team: plan fees | REVENUE (IFRS 15) | Revenue | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 171,055.841 | 176,169.0299 | 180,827.9112 | 184,737.5461 | 189,648.1382 | 194,105.9944 | 198,725.2982 | 202,667.2846 | 206,399.3539 | 210,230.2816 | 213,087.5536 | 214,678.7752 | 219,017.5789 | 223,446.9345 | 227,425.8569 | 230,651.9756 | 1,996,018.4182 | 2,530,085.0255 |
| Team: usage above the allowance | REVENUE (IFRS 15) | Revenue | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 42,763.9603 | 44,042.2575 | 45,206.9778 | 46,184.3865 | 47,412.0346 | 48,526.4986 | 49,681.3245 | 50,666.8212 | 51,599.8385 | 52,557.5704 | 53,271.8884 | 53,669.6938 | 54,754.3947 | 55,861.7336 | 56,856.4642 | 57,662.9939 | 471,711.9621 | 632,521.2564 |
| Enterprise: usage | REVENUE (IFRS 15) | Revenue | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 254,780.7898 | 260,202.4198 | 277,748.6798 | 292,500.1878 | 300,570.3599 | 316,700.7546 | 330,585.2254 | 336,276.3038 | 353,930.7577 | 361,191.6431 | 368,721.5455 | 378,384.6265 | 387,982.8488 | 397,122.8144 | 405,754.0304 | 416,156.4363 | 2,836,475.9872 | 4,353,377.3464 |
| Enterprise: unused commitments at contract year end | REVENUE (IFRS 15) | Revenue | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 109,596.5633 | 0 | 0 | 0 | 19,619.1352 | 0 | 99,363.6871 | 0 | 0 | 106,471.4974 | 0 | 16,099.7172 | 60,312.5332 | 75,474.6059 | 46,722.3751 | 0 | 326,072.7433 | 424,063.551 |
| Enterprise: credit notes and refund liability | REVENUE (IFRS 15) | Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | 3,011.866 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,505.934 | 0 |
| REVENUE | REVENUE (IFRS 15) | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 669,561.6833 | 579,839.5034 | 606,359.6515 | 624,669.0913 | 671,787.9379 | 675,262.3011 | 801,005.4555 | 715,550.3517 | 745,888.8821 | 862,191.0753 | 773,375.5944 | 801,149.5601 | 869,439.4216 | 908,593.9641 | 900,978.6202 | 874,135.3798 | 6,686,782.3385 | 9,599,358.5438 | |
| Reserved GPUs: inference and idle capacity | COST OF REVENUE | Usage_Compute | -16,454.6307 | -15,833.3799 | -16,709.4653 | -16,380.1666 | -16,767.5276 | -17,368.833 | -18,512.7879 | -18,235.267 | -18,228.2059 | -18,135.9995 | -18,874.5688 | -19,588.5551 | -23,743.7288 | -21,796.5042 | -23,743.7288 | -22,871.1864 | -23,743.7288 | -23,576.5483 | -23,743.7288 | -23,743.7288 | -24,079.5288 | -23,964.4314 | -24,329.4347 | -24,960.3732 | -211,089.3873 | -284,296.6512 |
| On-demand GPUs | COST OF REVENUE | Usage_Compute | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B (voice and agent models) | COST OF REVENUE | Usage_Compute | -77,180.9832 | -78,954.191 | -79,649.1002 | -78,257.7958 | -85,444.3074 | -84,994.0262 | -93,711.4916 | -93,729.397 | -94,390.945 | -67,995.94 | -71,386.5079 | -74,027.5434 | -80,260.3342 | -83,779.8886 | -87,235.0772 | -88,974.3876 | -92,514.3326 | -94,603.0846 | -96,244.2788 | -97,940.1031 | -100,646.3285 | -103,475.1996 | -105,979.3281 | -108,500.0787 | -979,722.2288 | -1,140,152.4215 |
| Model API vendor C (document models) | COST OF REVENUE | Usage_Compute | -8,172.87 | -8,429.57 | -8,033.9 | -8,834.88 | -9,004.17 | -9,240.64 | -9,844.35 | -9,871.04 | -10,116.2745 | -10,397.0736 | -10,989.972 | -11,499.3575 | -12,484.001 | -13,051.9234 | -13,498.0944 | -13,782.4575 | -14,349.6857 | -14,663.3438 | -14,975.2989 | -15,254.2324 | -15,731.4457 | -16,176.0417 | -16,578.9581 | -16,975.1976 | -114,434.0975 | -177,520.6802 |
| Hosting, storage and network | COST OF REVENUE | Usage_Compute | -27,265.9027 | -26,363.7063 | -25,891.2269 | -25,947.8257 | -25,984.537 | -28,926.8125 | -30,399.7723 | -30,151.9106 | -28,492.596 | -28,871.7924 | -29,620.9467 | -30,204.5617 | -31,476.2103 | -32,220.2387 | -32,882.0719 | -33,243.9695 | -33,964.4288 | -34,381.7047 | -34,751.8363 | -35,112.9015 | -35,704.7126 | -36,291.2279 | -36,813.8457 | -37,337.114 | -338,121.5908 | -414,180.2619 |
| Unused committed cloud spend (IAS 37) | COST OF REVENUE | Commitments | 0 | 0 | 0 | 0 | 0 | -47,755.4919 | -22,315.455 | -27,832.9607 | 3,305.7535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -94,598.1541 | 0 |
| Card processing fees | COST OF REVENUE | Receivables | -5,639.98 | -5,763.05 | -6,071.85 | -5,962.55 | -6,279.26 | -6,407.25 | -6,447.74 | -6,341.18 | -6,929.661 | -7,183.9397 | -7,347.5873 | -7,436.5337 | -7,854.943 | -8,018.3114 | -8,298.1678 | -8,404.4643 | -8,592.884 | -8,852.4109 | -8,847.4355 | -8,698.8661 | -9,640.4376 | -9,948.1534 | -10,118.1071 | -10,180.2989 | -77,810.5817 | -107,454.48 |
| Solutions, support and customer success payroll | COST OF REVENUE | People | -69,282.284 | -65,313.6192 | -74,615.3621 | -71,399.9408 | -77,266.9323 | -80,438.9828 | -72,218.0166 | -58,681.5099 | -81,735.2513 | -85,448.703 | -87,359.5369 | -83,487.8761 | -97,923.3538 | -92,383.2556 | -96,659.4765 | -98,549.5418 | -97,723.012 | -102,158.6179 | -89,550.9624 | -76,129.7308 | -104,447.9429 | -102,169.7905 | -104,434.3466 | -99,905.3708 | -907,248.0149 | -1,162,035.4015 |
| TOTAL COST OF REVENUE | COST OF REVENUE | -203,996.6506 | -200,657.5164 | -210,970.9044 | -206,783.1589 | -220,746.7343 | -275,132.0364 | -253,449.6135 | -244,843.2652 | -236,587.1802 | -218,033.4482 | -225,579.1196 | -226,244.4274 | -253,742.5711 | -251,250.1219 | -262,316.6166 | -265,826.0071 | -270,888.0719 | -278,235.7104 | -268,113.5407 | -256,879.5626 | -290,250.396 | -292,024.8445 | -298,254.0202 | -297,858.4332 | -2,723,024.055 | -3,285,639.8961 | |
| GROSS PROFIT | COST OF REVENUE | revenue - cost of revenue | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 293,094.2495 | 313,456.6125 | 329,300.8275 | 432,974.5031 | 361,806.0552 | 380,780.532 | 398,424.6638 | 418,045.3668 | 424,012.1792 | 538,688.839 | 449,724.3445 | 475,000.8102 | 583,955.365 | 505,262.0538 | 544,269.9975 | 579,189.0255 | 616,569.1196 | 602,724.6 | 576,276.9466 | 3,963,758.2835 | 6,313,718.6477 |
| Gross margin % of revenue | COST OF REVENUE | 58.91% | 57.75% | 58.89% | 57.71% | 57.84% | 51.58% | 55.29% | 57.36% | 64.67% | 62.4% | 62.8% | 63.78% | 62.23% | 62.79% | 67.25% | 62.85% | 63.68% | 67.73% | 65.33% | 67.94% | 66.62% | 67.86% | 66.9% | 65.93% | 59.28% | 65.77% | |
| Research and development payroll | OPERATING EXPENSES | People | -426,416.0466 | -414,775.524 | -440,616.2489 | -432,126.2003 | -418,070.2288 | -445,030.2542 | -400,259.6876 | -319,302.3044 | -443,282.3766 | -439,921.229 | -449,886.1757 | -430,518.8852 | -497,852.2426 | -470,243.7886 | -502,321.8611 | -478,518.6764 | -474,864.4995 | -505,771.768 | -444,128.2931 | -378,538.1749 | -527,312.0027 | -515,878.9723 | -527,070.1968 | -504,519.466 | -5,060,205.1613 | -5,827,019.9417 |
| Research compute (reserved GPU hours used for training and experiments) | OPERATING EXPENSES | Usage_Compute | -3,322.8253 | -1,900.1903 | -3,374.2862 | -2,811.6318 | -3,118.3629 | -2,136.2464 | -1,818.998 | -1,787.8504 | -809.0823 | -1,535.8649 | -162.7193 | -83.3093 | -3,305.0847 | -2,634.6822 | -3,305.0847 | -3,305.0847 | -3,305.0847 | -2,599.7229 | -3,305.0847 | -3,305.0847 | -2,096.7424 | -3,084.3821 | -1,846.8365 | -2,088.4404 | -22,861.3671 | -34,181.3149 |
| Sales and marketing payroll incl. commissions | OPERATING EXPENSES | People | -117,339.0478 | -164,389.1399 | -124,740.4869 | -180,592.3832 | -124,729.2477 | -174,862.3643 | -161,265.5206 | -104,503.2859 | -147,398.0482 | -161,820.355 | -172,391.3043 | -142,236.3783 | -149,295.0017 | -217,675.2513 | -164,316.8641 | -210,810.5156 | -166,801.7112 | -213,248.3183 | -190,285.6474 | -132,031.9772 | -183,881.791 | -200,499.4172 | -200,592.305 | -168,134.6305 | -1,776,267.562 | -2,197,573.4304 |
| Paid media and content | OPERATING EXPENSES | Overheads | -40,122.19 | -38,266.5 | -44,158.36 | -39,060.9 | -36,977.95 | -39,565.64 | -38,526.92 | -31,571.67 | -38,000 | -43,700 | -38,000 | -38,000 | -42,845 | -42,845 | -49,271.75 | -42,845 | -42,845 | -42,845 | -42,845 | -34,276 | -42,845 | -49,271.75 | -42,845 | -42,845 | -465,950.13 | -518,424.5 |
| Events and conferences | OPERATING EXPENSES | Overheads | -14,295.59 | -12,160.67 | -12,759.39 | -12,697.28 | -14,181.74 | -38,077.73 | -14,789.14 | -13,126.66 | -14,000 | -14,000 | -14,000 | -14,000 | -15,785 | -15,785 | -15,785 | -15,785 | -15,785 | -39,462.5 | -15,785 | -15,785 | -15,785 | -15,785 | -15,785 | -15,785 | -188,088.2 | -213,097.5 |
| General and administrative payroll | OPERATING EXPENSES | People | -68,558.4545 | -64,835.6856 | -74,115.9405 | -70,456.6091 | -69,660.2685 | -72,774.625 | -65,278.1072 | -53,117.7534 | -74,269.6485 | -72,142.2541 | -73,805.65 | -70,604.2594 | -76,462.5696 | -72,216.432 | -75,620.6461 | -72,010.6451 | -71,466.6089 | -74,761.6289 | -71,247.974 | -60,566.0834 | -82,978.9844 | -81,173.9167 | -82,969.0944 | -79,379.4059 | -829,619.2558 | -900,853.9893 |
| Software and IT tools | OPERATING EXPENSES | Overheads | -17,964.17 | -17,385.59 | -18,123.85 | -19,869.56 | -17,944.87 | -18,293.52 | -18,498.38 | -18,949.95 | -18,287.2 | -18,576.6353 | -18,816.0773 | -18,809.2811 | -20,505.5053 | -20,738.3425 | -20,967.1402 | -21,453.369 | -21,444.4475 | -21,683.4722 | -21,927.6456 | -21,924.0733 | -22,168.4735 | -22,166.4605 | -22,164.4379 | -22,164.4716 | -221,519.0838 | -259,307.8391 |
| Office rent, Paris | OPERATING EXPENSES | Overheads | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -34,850 | -408,000 | -418,200 |
| Legal, statutory audit and accounting | OPERATING EXPENSES | Overheads | -16,317.2 | -16,190.39 | -34,446.7 | -17,409.94 | -15,872.42 | -15,162.98 | -17,487.83 | -15,878.32 | -16,000 | -16,000 | -16,000 | -16,000 | -16,400 | -16,400 | -36,080 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -16,400 | -212,765.78 | -216,480 |
| Insurance | OPERATING EXPENSES | Overheads | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -54,000 | -55,350 |
| Recruitment | OPERATING EXPENSES | Overheads | -7,675.8 | -16,033.25 | -23,048.39 | -14,790.36 | -9,257.09 | -7,702.66 | -1,000 | -1,000 | -1,000 | -16,000 | -14,525 | -6,955.1458 | -44,542.4384 | -14,667.5265 | -14,664.6288 | -22,568.8311 | -7,689.0892 | -15,244.7836 | -15,461.0863 | -7,957.4427 | -15,516.776 | -8,066.3549 | -8,065.5516 | -8,127.7269 | -118,987.6958 | -182,572.236 |
| Travel | OPERATING EXPENSES | Overheads | -11,939.7 | -11,991.62 | -11,894.58 | -10,435.89 | -10,844.45 | -10,029.29 | -10,860.83 | -9,587.64 | -11,000 | -11,000 | -11,000 | -11,000 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -11,275 | -131,584 | -135,300 |
| Local business taxes (CFE and CVAE) | OPERATING EXPENSES | Overheads | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -1,466.6667 | -16,800 | -17,600 |
| TOTAL OPERATING EXPENSES | OPERATING EXPENSES | -763,851.0242 | -797,828.5599 | -827,178.2325 | -840,150.7543 | -760,556.6279 | -863,535.3098 | -769,685.4134 | -608,725.4342 | -803,946.3555 | -834,596.3383 | -848,486.9267 | -788,107.2592 | -919,197.0089 | -925,410.1898 | -934,537.1416 | -935,901.2885 | -872,805.6076 | -984,221.3606 | -873,589.8978 | -722,988.0029 | -961,188.9365 | -964,530.4204 | -969,942.589 | -911,648.3079 | -9,506,648.2358 | -10,975,960.7515 | |
| Research tax credit (CIR), other operating income (IAS 20) | OPERATING EXPENSES | Research_Credit | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,308.6032 | 95,319.4832 | 95,309.2601 | 95,292.588 | 105,880.267 | 105,819.9742 | 108,646.0894 | 108,623.0409 | 108,599.682 | 109,895.0847 | 109,884.4843 | 109,873.7776 | 112,760.0044 | 112,736.0418 | 112,712.1896 | 112,712.588 | 1,137,599.2721 | 1,318,143.2239 |
| EBITDA | OPERATING EXPENSES | -382,177.4006 | -430,481.3774 | -430,888.4967 | -460,324.9603 | -361,410.4906 | -473,889.7719 | -359,287.2485 | -184,909.7429 | -277,663.2492 | -377,470.7999 | -372,397.1346 | -294,390.0074 | -395,271.3751 | -395,578.0363 | -287,202.2132 | -377,553.9031 | -289,205.1154 | -290,370.9109 | -258,443.3598 | -68,844.2278 | -269,239.9065 | -235,225.259 | -254,505.7994 | -222,658.7733 | -4,405,290.6802 | -3,344,098.8799 | |
| EBITDA % of revenue | OPERATING EXPENSES | -76.98% | -90.65% | -83.96% | -94.14% | -69.03% | -83.4% | -63.38% | -32.21% | -41.47% | -65.1% | -61.42% | -47.13% | -58.84% | -58.58% | -35.86% | -52.76% | -38.77% | -33.68% | -33.42% | -8.59% | -30.97% | -25.89% | -28.25% | -25.47% | -65.88% | -34.84% | |
| EBITDA before the research tax credit (memo) | OPERATING EXPENSES | -471,388.0088 | -523,598.8676 | -524,969.2233 | -557,963.9059 | -457,724.353 | -570,441.0603 | -456,228.8009 | -279,424.6067 | -370,971.8524 | -472,790.2831 | -467,706.3947 | -389,682.5953 | -501,151.6421 | -501,398.0105 | -395,848.3027 | -486,176.944 | -397,804.7974 | -400,265.9956 | -368,327.8441 | -178,718.0055 | -381,999.911 | -347,961.3008 | -367,217.9889 | -335,371.3613 | -5,542,889.9523 | -4,662,242.1038 | |
| Depreciation | BELOW EBITDA | Fixed_Assets | -6,000 | -6,140.4931 | -6,342.4567 | -6,606.6817 | -6,808.4072 | -6,938.7839 | -7,090.5469 | -7,152.59 | -7,213.2847 | -7,282.7292 | -7,485.5069 | -7,675.1736 | -7,797.5527 | -8,254.041 | -8,444.9746 | -8,635.8824 | -8,897.0498 | -9,025.9528 | -9,222.0176 | -9,420.005 | -9,551.2934 | -9,749.7758 | -9,882.0323 | -10,014.2817 | -82,736.6539 | -108,894.859 |
| EBIT | BELOW EBITDA | -388,177.4006 | -436,621.8704 | -437,230.9534 | -466,931.642 | -368,218.8978 | -480,828.5558 | -366,377.7955 | -192,062.3329 | -284,876.5339 | -384,753.5291 | -379,882.6416 | -302,065.181 | -403,068.9278 | -403,832.0773 | -295,647.1878 | -386,189.7855 | -298,102.1652 | -299,396.8638 | -267,665.3773 | -78,264.2328 | -278,791.1999 | -244,975.0349 | -264,387.8317 | -232,673.0549 | -4,488,027.3341 | -3,452,993.7389 | |
| Interest on deposits | BELOW EBITDA | Treasury | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,555.1836 | 12,754.7061 | 12,226.9547 | 11,811.4161 | 10,930.3372 | 10,343.5203 | 9,931.7215 | 9,123.6229 | 8,621.5797 | 8,245.5033 | 7,491.0392 | 8,569.5942 | 8,159.8207 | 7,458.2815 | 6,957.3342 | 180,728.2177 | 107,643.7707 |
| Exchange differences on USD supplier payments | BELOW EBITDA | Payables | 266.39 | 903.6018 | -2,821.3025 | 1,577.6786 | -338.2801 | -1,778.6851 | -1,168.6618 | 2,192.8698 | 2,524.4251 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,358.0358 | 0 |
| PROFIT / (LOSS) BEFORE TAX | BELOW EBITDA | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -268,346.2355 | -371,198.3455 | -367,127.9355 | -289,838.2263 | -391,257.5117 | -392,901.7402 | -285,303.6675 | -376,258.064 | -288,978.5423 | -290,775.2841 | -259,419.874 | -70,773.1937 | -270,221.6057 | -236,815.2142 | -256,929.5501 | -225,715.7208 | -4,305,941.0806 | -3,345,349.9682 | |
| Corporate income tax | BELOW EBITDA | Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET PROFIT / (LOSS) | BELOW EBITDA | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -268,346.2355 | -371,198.3455 | -367,127.9355 | -289,838.2263 | -391,257.5117 | -392,901.7402 | -285,303.6675 | -376,258.064 | -288,978.5423 | -290,775.2841 | -259,419.874 | -70,773.1937 | -270,221.6057 | -236,815.2142 | -256,929.5501 | -225,715.7208 | -4,305,941.0806 | -3,345,349.9682 | |
| Net profit % of revenue | BELOW EBITDA | -74.45% | -88.06% | -82.44% | -91.82% | -67.45% | -82.33% | -62.33% | -30.52% | -40.08% | -64.02% | -60.55% | -46.4% | -58.24% | -58.19% | -35.62% | -52.58% | -38.74% | -33.73% | -33.54% | -8.83% | -31.08% | -26.06% | -28.52% | -25.82% | -64.39% | -34.85% | |
| Revenue: Developer | SEGMENT AND FUNCTIONAL VIEW (memo) | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,364.5289 | 96,413.9303 | 102,576.0828 | 101,246.9708 | 114,538.27 | 115,929.0535 | 122,649.9204 | 125,939.9421 | 133,958.9321 | 131,740.0828 | 138,294.607 | 138,316.7474 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,058,009.1618 | 1,659,311.3645 | |
| Revenue: Team | SEGMENT AND FUNCTIONAL VIEW (memo) | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 213,819.8013 | 220,211.2873 | 226,034.889 | 230,921.9326 | 237,060.1728 | 242,632.493 | 248,406.6227 | 253,334.1058 | 257,999.1923 | 262,787.852 | 266,359.4419 | 268,348.469 | 273,771.9737 | 279,308.6681 | 284,282.3211 | 288,314.9695 | 2,467,730.3803 | 3,162,606.2819 | |
| Revenue: Enterprise | SEGMENT AND FUNCTIONAL VIEW (memo) | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 364,377.3531 | 263,214.2858 | 277,748.6798 | 292,500.1878 | 320,189.4951 | 316,700.7546 | 429,948.9125 | 336,276.3038 | 353,930.7577 | 467,663.1405 | 368,721.5455 | 394,484.3437 | 448,295.382 | 472,597.4203 | 452,476.4054 | 416,156.4363 | 3,161,042.7965 | 4,777,440.8974 | |
| Compute in cost of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | -129,074.3866 | -129,580.8472 | -130,283.6924 | -129,420.6681 | -137,200.542 | -140,530.3118 | -152,468.4019 | -151,987.6147 | -151,228.0214 | -125,400.8055 | -130,871.9953 | -135,320.0177 | -147,964.2743 | -150,848.5548 | -157,358.9723 | -158,872.001 | -164,572.1759 | -167,224.6815 | -169,715.1428 | -172,050.9658 | -176,162.0156 | -179,906.9006 | -183,701.5665 | -187,772.7635 | -1,643,367.3044 | -2,016,150.0147 | |
| Research and development (payroll and compute), before the CIR | SEGMENT AND FUNCTIONAL VIEW (memo) | -429,738.8719 | -416,675.7144 | -443,990.5351 | -434,937.8321 | -421,188.5917 | -447,166.5006 | -402,078.6856 | -321,090.1548 | -444,091.4589 | -441,457.0939 | -450,048.8951 | -430,602.1945 | -501,157.3273 | -472,878.4708 | -505,626.9458 | -481,823.7611 | -478,169.5842 | -508,371.4908 | -447,433.3778 | -381,843.2596 | -529,408.745 | -518,963.3545 | -528,917.0333 | -506,607.9063 | -5,083,066.5284 | -5,861,201.2567 | |
| Sales and marketing | SEGMENT AND FUNCTIONAL VIEW (memo) | -171,756.8278 | -214,816.3099 | -181,658.2369 | -232,350.5632 | -175,888.9377 | -252,505.7343 | -214,581.5806 | -149,201.6159 | -199,398.0482 | -219,520.355 | -224,391.3043 | -194,236.3783 | -207,925.0017 | -276,305.2513 | -229,373.6141 | -269,440.5156 | -225,431.7112 | -295,555.8183 | -248,915.6474 | -182,092.9772 | -242,511.791 | -265,556.1672 | -259,222.305 | -226,764.6305 | -2,430,305.892 | -2,929,095.4304 | |
| General and administrative | SEGMENT AND FUNCTIONAL VIEW (memo) | -162,355.3245 | -166,336.5356 | -201,529.4605 | -172,862.3591 | -163,479.0985 | -163,863.075 | -153,025.1472 | -138,433.6634 | -160,456.8485 | -173,618.8894 | -174,046.7273 | -163,268.6864 | -210,114.6799 | -176,226.4676 | -199,536.5817 | -184,637.0118 | -169,204.3122 | -180,294.0514 | -177,240.8726 | -159,051.7661 | -189,268.4005 | -180,010.8987 | -181,803.2506 | -178,275.7711 | -1,993,275.8154 | -2,185,664.0645 | |
| Research and development % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 86.56% | 87.74% | 86.52% | 88.95% | 80.44% | 78.7% | 70.93% | 55.93% | 66.33% | 76.13% | 74.22% | 68.93% | 74.6% | 70.03% | 63.12% | 67.34% | 64.11% | 58.96% | 57.85% | 47.66% | 60.89% | 57.12% | 58.7% | 57.96% | 76.02% | 61.06% | |
| Sales and marketing % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 34.6% | 45.24% | 35.4% | 47.52% | 33.59% | 44.44% | 37.85% | 25.99% | 29.78% | 37.86% | 37.01% | 31.09% | 30.95% | 40.92% | 28.64% | 37.66% | 30.22% | 34.28% | 32.19% | 22.73% | 27.89% | 29.23% | 28.77% | 25.94% | 36.34% | 30.51% | |
| General and administrative % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 32.7% | 35.03% | 39.27% | 35.35% | 31.22% | 28.84% | 26.99% | 24.11% | 23.96% | 29.94% | 28.7% | 26.14% | 31.28% | 26.1% | 24.91% | 25.8% | 22.68% | 20.91% | 22.92% | 19.85% | 21.77% | 19.81% | 20.18% | 20.39% | 29.81% | 22.77% | |
| Compute in cost of revenue % of revenue | SEGMENT AND FUNCTIONAL VIEW (memo) | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 22.59% | 21.63% | 21.58% | 21.66% | 22.03% | 22.34% | 19.65% | 22.2% | 22.06% | 19.4% | 21.94% | 21.48% | 20.26% | 19.8% | 20.39% | 21.48% | 24.58% | 21% |
| Measure | Section | Basis | 2026-01 Budget | 2026-02 Budget | 2026-03 Budget | 2026-04 Budget | 2026-05 Budget | 2026-06 Budget | 2026-07 Budget | 2026-08 Budget | 2026-09 Budget | 2026-10 Budget | 2026-11 Budget | 2026-12 Budget | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: prepaid credits used, breakage and true-ups | REVENUE | budget input | 75,885.46 | 80,377.1 | 79,610.28 | 81,828.43 | 81,527.66 | 83,727.17 | 84,939.71 | 82,422.82 | 86,831.85 | 90,832.3 | 94,867.79 | 95,560.9 | 1,018,411.47 |
| Team: plan fees | REVENUE | budget input | 149,907.33 | 155,406.42 | 161,074.4 | 166,043.2 | 170,795.37 | 175,651.52 | 179,494.33 | 182,014.25 | 187,406.5 | 192,897.41 | 197,919.25 | 202,151.86 | 2,120,761.84 |
| Team: usage above the allowance | REVENUE | budget input | 29,981.47 | 31,081.28 | 32,214.88 | 33,208.64 | 34,159.07 | 35,130.3 | 35,898.87 | 36,402.85 | 37,481.3 | 38,579.48 | 39,583.85 | 40,430.37 | 424,152.36 |
| Enterprise revenue | REVENUE | budget input | 237,421.35 | 203,599.79 | 271,955.39 | 222,790.34 | 266,594.46 | 284,279.41 | 282,634.34 | 287,455.23 | 375,994.48 | 286,750.21 | 292,931.81 | 299,260.96 | 3,311,667.77 |
| REVENUE | REVENUE | 493,195.61 | 470,464.59 | 544,854.95 | 503,870.61 | 553,076.56 | 578,788.4 | 582,967.25 | 588,295.15 | 687,714.13 | 609,059.4 | 625,302.7 | 637,404.09 | 6,874,993.44 | |
| Reserved GPUs: inference and idle capacity | COST OF REVENUE (costs negative) | budget input | -17,557.09 | -16,523.22 | -17,589.86 | -17,222.21 | -18,030.88 | -18,269.93 | -18,047.12 | -18,653.31 | -18,960.78 | -19,200.17 | -19,484.17 | -19,934.12 | -219,472.86 |
| On-demand GPUs | COST OF REVENUE (costs negative) | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B | COST OF REVENUE (costs negative) | budget input | -81,548.32 | -83,596.73 | -88,134.89 | -72,114.72 | -75,618.38 | -77,357.13 | -78,860.38 | -81,966.14 | -84,097.68 | -88,212.75 | -90,307.62 | -92,196.61 | -994,011.35 |
| Model API vendor C | COST OF REVENUE (costs negative) | budget input | -8,080.29 | -8,284.62 | -8,754.38 | -8,954.54 | -9,407.6 | -9,627.11 | -9,815.78 | -10,218.02 | -10,494.32 | -11,034.95 | -11,305.44 | -11,547.98 | -117,525.03 |
| Hosting, storage and network | COST OF REVENUE (costs negative) | budget input | -27,662.79 | -27,944.11 | -28,590.39 | -28,867 | -29,491.78 | -29,794.54 | -30,055.96 | -30,612.86 | -30,991.45 | -31,733.59 | -32,105.07 | -32,439.31 | -360,288.85 |
| Card processing fees | COST OF REVENUE (costs negative) | budget input | -5,641.92 | -5,784 | -6,000.22 | -6,100.09 | -6,248.13 | -6,438.67 | -6,460.02 | -6,385.4 | -6,971.37 | -7,186.58 | -7,317 | -7,378.52 | -77,911.92 |
| Solutions, support and customer success payroll | COST OF REVENUE (costs negative) | budget input | -68,113.8 | -65,231.06 | -74,569.49 | -71,557.15 | -77,519.01 | -80,838.26 | -71,130.58 | -58,821.69 | -89,219.42 | -87,319.91 | -89,251.24 | -85,670.11 | -919,241.72 |
| Unused committed cloud spend | COST OF REVENUE (costs negative) | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL COST OF REVENUE | COST OF REVENUE (costs negative) | -208,604.21 | -207,363.74 | -223,639.23 | -204,815.71 | -216,315.78 | -222,325.64 | -214,369.84 | -206,657.42 | -240,735.02 | -244,687.95 | -249,770.54 | -249,166.65 | -2,688,451.73 | |
| GROSS PROFIT | COST OF REVENUE (costs negative) | 284,591.4 | 263,100.85 | 321,215.72 | 299,054.9 | 336,760.78 | 356,462.76 | 368,597.41 | 381,637.73 | 446,979.11 | 364,371.45 | 375,532.16 | 388,237.44 | 4,186,541.71 | |
| Research and development payroll | OPERATING EXPENSES AND OTHER INCOME | budget input | -420,725.76 | -414,423.15 | -441,449.4 | -432,733.18 | -439,909.64 | -467,986.43 | -413,529.75 | -362,087.85 | -488,691.62 | -486,626.83 | -498,021.18 | -477,175.15 | -5,343,359.94 |
| Research compute | OPERATING EXPENSES AND OTHER INCOME | budget input | -3,545.45 | -2,537.14 | -3,512.69 | -3,199.61 | -3,071.67 | -2,151.89 | -3,055.43 | -2,449.23 | -1,461.04 | -1,902.38 | -937.65 | -1,168.42 | -28,992.6 |
| Sales and marketing payroll incl. commissions | OPERATING EXPENSES AND OTHER INCOME | budget input | -115,008.77 | -164,360.02 | -158,440.22 | -160,023.42 | -142,615.93 | -176,795.49 | -144,026.68 | -123,949.63 | -165,426.34 | -199,978.06 | -164,927.01 | -142,360.52 | -1,857,912.09 |
| Paid media and content | OPERATING EXPENSES AND OTHER INCOME | budget input | -36,000 | -36,000 | -41,400 | -36,000 | -36,000 | -36,000 | -36,000 | -28,800 | -36,000 | -41,400 | -36,000 | -36,000 | -435,600 |
| Events and conferences | OPERATING EXPENSES AND OTHER INCOME | budget input | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -35,000 | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -14,000 | -189,000 |
| General and administrative payroll | OPERATING EXPENSES AND OTHER INCOME | budget input | -67,540.72 | -64,718.92 | -73,725.65 | -70,789.57 | -70,008.03 | -72,979.89 | -64,048.51 | -51,383.18 | -74,494.71 | -72,947.38 | -74,521.3 | -71,591.69 | -828,749.55 |
| Software and IT tools | OPERATING EXPENSES AND OTHER INCOME | budget input | -17,040 | -17,520 | -18,240 | -18,720 | -19,200 | -19,440 | -19,680 | -19,920 | -20,160 | -20,400 | -20,640 | -20,640 | -231,600 |
| Office rent | OPERATING EXPENSES AND OTHER INCOME | budget input | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -34,000 | -408,000 |
| Legal, audit and accounting | OPERATING EXPENSES AND OTHER INCOME | budget input | -16,000 | -16,000 | -35,200 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -16,000 | -211,200 |
| Insurance | OPERATING EXPENSES AND OTHER INCOME | budget input | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -54,000 |
| Recruitment | OPERATING EXPENSES AND OTHER INCOME | budget input | -8,500 | -16,000 | -23,500 | -16,000 | -16,000 | -8,500 | -8,500 | -8,500 | -8,500 | -8,500 | -8,500 | -1,000 | -132,000 |
| Travel | OPERATING EXPENSES AND OTHER INCOME | budget input | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -11,000 | -132,000 |
| Local business taxes | OPERATING EXPENSES AND OTHER INCOME | budget input | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -1,400 | -16,800 |
| TOTAL OPERATING EXPENSES | OPERATING EXPENSES AND OTHER INCOME | -749,260.7 | -796,459.23 | -860,367.96 | -818,365.78 | -807,705.27 | -885,753.7 | -769,740.37 | -677,989.89 | -875,633.71 | -912,654.65 | -884,447.14 | -830,835.78 | -9,869,214.18 | |
| Research tax credit (CIR) | OPERATING EXPENSES AND OTHER INCOME | budget input | 88,337.03 | 92,841.49 | 94,092.71 | 96,881.16 | 101,385.62 | 102,636.84 | 102,636.84 | 105,425.3 | 105,425.3 | 106,676.52 | 106,676.52 | 106,676.52 | 1,209,691.85 |
| EBITDA | OPERATING EXPENSES AND OTHER INCOME | -376,332.27 | -440,516.89 | -445,059.53 | -422,429.72 | -369,558.87 | -426,654.1 | -298,506.12 | -190,926.86 | -323,229.3 | -441,606.68 | -402,238.46 | -335,921.82 | -4,472,980.62 | |
| Depreciation | OPERATING EXPENSES AND OTHER INCOME | budget input | -6,000 | -6,136.11 | -6,338.89 | -6,608.33 | -6,811.11 | -7,013.89 | -7,150 | -7,286.11 | -7,422.22 | -7,558.33 | -7,694.44 | -7,830.56 | -83,849.99 |
| Interest on deposits | OPERATING EXPENSES AND OTHER INCOME | budget input | 18,300 | 17,634.05 | 16,853.9 | 16,066.38 | 15,305.94 | 14,619.25 | 15,252.56 | 14,668.39 | 14,234.88 | 13,626.29 | 12,836.54 | 12,098.82 | 181,497 |
| Exchange differences | OPERATING EXPENSES AND OTHER INCOME | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PROFIT / (LOSS) BEFORE TAX | OPERATING EXPENSES AND OTHER INCOME | -364,032.27 | -429,018.95 | -434,544.52 | -412,971.67 | -361,064.04 | -419,048.74 | -290,403.56 | -183,544.58 | -316,416.64 | -435,538.72 | -397,096.36 | -331,653.56 | -4,375,333.61 | |
| Corporate income tax (nil: tax losses) | OPERATING EXPENSES AND OTHER INCOME | budget input | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET PROFIT / (LOSS) | OPERATING EXPENSES AND OTHER INCOME | -364,032.27 | -429,018.95 | -434,544.52 | -412,971.67 | -361,064.04 | -419,048.74 | -290,403.56 | -183,544.58 | -316,416.64 | -435,538.72 | -397,096.36 | -331,653.56 | -4,375,333.61 | |
| Developer credit packs purchased | DRIVERS, BALANCES AND HEADCOUNT | budget input | 83,185.13 | 83,304.39 | 86,598.22 | 85,412.41 | 86,667.82 | 89,736.41 | 86,284.72 | 79,998.65 | 100,427.39 | 103,886.83 | 104,035.76 | 101,964.15 | 1,091,501.88 |
| Developer credits used | DRIVERS, BALANCES AND HEADCOUNT | budget input | 67,101.2 | 68,753.52 | 70,670.81 | 71,874.94 | 72,954.3 | 74,497.44 | 75,036.75 | 74,175.92 | 77,540.12 | 81,093.99 | 83,700.47 | 85,230.85 | 902,630.31 |
| Developer true-ups at expiry (revenue less credits used grossed up) | DRIVERS, BALANCES AND HEADCOUNT | -365.9036 | 2,248.1 | -697.4586 | 152.3618 | -1,374.9536 | -929.0118 | -329.3241 | -1,867.9982 | -1,281.9227 | -1,319.9614 | -246.3805 | -1,292.3386 | -7,304.7914 | |
| Team customers at month end | DRIVERS, BALANCES AND HEADCOUNT | budget | 346.5 | 357.7 | 369.3 | 379.2 | 388.5 | 397.9 | 405 | 409.1 | 419.5 | 430.1 | 439.5 | 447.1 | 447.1 |
| Team new customers | DRIVERS, BALANCES AND HEADCOUNT | budget input | 19.8 | 18.9 | 19.4 | 18 | 17.6 | 18 | 15.8 | 13 | 19.4 | 19.8 | 18.9 | 17.3 | 215.9 |
| Team customers lost | DRIVERS, BALANCES AND HEADCOUNT | budget input | -7.3 | -7.6 | -7.9 | -8.1 | -8.3 | -8.5 | -8.8 | -8.9 | -9 | -9.2 | -9.5 | -9.7 | -102.8 |
| Team customers lost a month, share of opening | DRIVERS, BALANCES AND HEADCOUNT | 2.19% | 2.19% | 2.21% | 2.19% | 2.19% | 2.19% | 2.21% | 2.2% | 2.2% | 2.19% | 2.21% | 2.21% | 2.2% | |
| Team plan fee per customer | DRIVERS, BALANCES AND HEADCOUNT | 432.633 | 434.4602 | 436.1614 | 437.8776 | 439.6277 | 441.4464 | 443.1959 | 444.9138 | 446.7378 | 448.4943 | 450.3282 | 452.1401 | 442.3347 | |
| Enterprise: Pravenza Retail (renewal assumed) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 15,828.83 | 15,987.12 | 16,146.99 | 16,308.46 | 16,471.55 | 16,636.26 | 16,802.62 | 16,970.65 | 17,140.36 | 17,311.76 | 17,484.88 | 17,659.73 | 200,749.21 |
| Enterprise: four new accounts | DRIVERS, BALANCES AND HEADCOUNT | budget input | 0 | 0 | 11,000 | 11,445.5 | 22,909.04 | 23,836.86 | 24,802.25 | 36,806.74 | 38,156.55 | 50,556.81 | 52,314.06 | 54,133.77 | 325,961.58 |
| Enterprise: other accounts | DRIVERS, BALANCES AND HEADCOUNT | budget input | 221,592.52 | 187,612.67 | 244,808.4 | 195,036.38 | 227,213.87 | 243,806.29 | 241,029.47 | 233,677.84 | 320,697.57 | 218,881.64 | 223,132.87 | 227,467.46 | 2,784,956.98 |
| Units used: Document AI (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 20,200.7 | 20,711.5 | 21,886 | 22,386.4 | 23,519 | 24,067.8 | 24,539.5 | 25,545 | 26,235.8 | 27,587.4 | 28,263.6 | 28,870 | 293,812.7 |
| Units used: Voice AI (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 18,398.9 | 18,842.3 | 19,874 | 20,313.6 | 21,316.1 | 21,797.6 | 22,216.8 | 23,119 | 23,718.3 | 24,903.9 | 25,494.1 | 26,028.2 | 266,022.8 |
| Units used: Agent workspace (thousands) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 7,591 | 7,789.2 | 8,208.5 | 8,400.9 | 8,802.8 | 9,008.6 | 9,185.4 | 9,536.3 | 9,785.1 | 10,253.8 | 10,497.8 | 10,717.1 | 109,776.5 |
| Inference GPU hours | DRIVERS, BALANCES AND HEADCOUNT | budget input | 7,522.3 | 7,708 | 8,136.9 | 7,987.1 | 8,385.7 | 8,578.1 | 8,394.8 | 8,736.8 | 8,967.8 | 9,045.3 | 9,263.1 | 9,459.3 | 102,185.2 |
| Provider A spend (USD) | DRIVERS, BALANCES AND HEADCOUNT | budget input | 53,641.86 | 51,704.92 | 54,662.23 | 54,217.71 | 55,653.76 | 55,237.99 | 56,274.36 | 56,886.95 | 56,554.6 | 58,119.75 | 57,779.58 | 58,896.05 | 669,629.76 |
| Cash at bank | DRIVERS, BALANCES AND HEADCOUNT | budget balance | 11,756,030.37 | 11,235,933.33 | 10,710,922.93 | 10,203,962.41 | 9,746,164.02 | 10,168,371.57 | 9,778,926.18 | 9,489,918.24 | 9,084,194.05 | 8,557,691.67 | 8,065,881.2 | 7,639,284.93 | 7,639,284.93 |
| Contract liability: Developer credits | DRIVERS, BALANCES AND HEADCOUNT | budget balance | 216,280 | 219,207.29 | 226,195.23 | 229,779.21 | 234,919.37 | 240,928.61 | 242,273.62 | 239,849.45 | 253,444.99 | 266,499.52 | 275,667.49 | 282,070.74 | 282,070.74 |
| Headcount | DRIVERS, BALANCES AND HEADCOUNT | budget | 71 | 73 | 76 | 78 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 86 | 86 |
| Hires | DRIVERS, BALANCES AND HEADCOUNT | budget | 1 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 16 |
| Model API vendor B price per million tokens (USD) | DRIVERS, BALANCES AND HEADCOUNT | budget | 2 | 2 | 2 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.7 |
| USD per EUR (budget rate) | DRIVERS, BALANCES AND HEADCOUNT | budget | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 |
| label | ytd actual | ytd budget | ytd variance | ytd variance pct | fy outlook | fy budget | fy variance | fy variance pct | commentary |
|---|---|---|---|---|---|---|---|---|---|
| Developer revenue | 666,407.6491 | 650,318.63 | 16,089.0191 | 2.47% | 1,058,009.1618 | 1,018,411.47 | 39,597.6918 | 3.89% | Credits used above budget; pack true-ups slightly negative. |
| Team revenue | 1,576,742.47 | 1,608,464.18 | -31,721.71 | -1.97% | 2,467,730.3803 | 2,544,914.2 | -77,183.8197 | -3.03% | New customers 14.5 a month against 17.6 budgeted; usage above the allowance ahead of budget. |
| Enterprise revenue | 1,963,202.29 | 2,056,730.31 | -93,528.02 | -4.55% | 3,161,042.7965 | 3,311,667.77 | -150,624.9735 | -4.55% | Pravenza Retail lost at the March renewal; two accounts won later than the four budgeted; existing accounts ahead on usage. |
| REVENUE | 4,206,352.4091 | 4,315,513.12 | -109,160.7109 | -2.53% | 6,686,782.3385 | 6,874,993.44 | -188,211.1015 | -2.74% | Revenue by cause: see the table below. |
| Reserved GPUs: inference and idle capacity | -136,262.058 | -141,893.62 | 5,631.562 | 3.97% | -211,089.3873 | -219,472.86 | 8,383.4727 | 3.82% | Weaker dollar than the 1.10 budgeted. |
| On-demand GPUs | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0% | |
| Model API vendor B | -671,921.2925 | -639,196.69 | -32,724.6025 | -5.12% | -979,722.2288 | -994,011.35 | 14,289.1212 | 1.44% | Vendor B kept USD 2.00 per million tokens; the budget assumed USD 1.60 from April. |
| Model API vendor C | -71,431.42 | -73,142.34 | 1,710.92 | 2.34% | -114,434.0975 | -117,525.03 | 3,090.9325 | 2.63% | |
| Hosting, storage and network | -220,931.694 | -233,019.43 | 12,087.736 | 5.19% | -338,121.5908 | -360,288.85 | 22,167.2592 | 6.15% | |
| Unused committed cloud spend | -97,903.9075 | 0 | -97,903.9075 | 0% | -94,598.1541 | 0 | -94,598.1541 | 0% | Expected shortfall on the 2026 Provider A commitment (IAS 37). |
| Card processing fees | -48,912.86 | -49,058.45 | 145.59 | 0.3% | -77,810.5817 | -77,911.92 | 101.3383 | 0.13% | |
| Solutions, support and success payroll | -569,216.6476 | -567,781.04 | -1,435.6076 | -0.25% | -907,248.0149 | -919,241.72 | 11,993.7051 | 1.3% | |
| TOTAL COST OF REVENUE | -1,816,579.8796 | -1,704,091.57 | -112,488.3096 | -6.6% | -2,723,024.055 | -2,688,451.73 | -34,572.325 | -1.29% | |
| GROSS PROFIT | 2,389,772.5295 | 2,611,421.55 | -221,649.0205 | -8.49% | 3,963,758.2835 | 4,186,541.71 | -222,783.4265 | -5.32% | |
| Gross margin % | 0.5681 | 0.6051 | -0.037 | 0.5928 | 0.609 | -0.0162 | |||
| Research and development payroll | -3,296,596.4948 | -3,392,845.16 | 96,248.6652 | 2.84% | -5,060,205.1613 | -5,343,359.94 | 283,154.7787 | 5.3% | Hiring behind plan; a software engineer and a machine learning engineer left. |
| Research compute | -20,270.3913 | -23,523.11 | 3,252.7187 | 13.83% | -22,861.3671 | -28,992.6 | 6,131.2329 | 21.15% | |
| Sales and marketing payroll incl. commissions | -1,152,421.4762 | -1,185,220.16 | 32,798.6838 | 2.77% | -1,776,267.562 | -1,857,912.09 | 81,644.528 | 4.39% | |
| Paid media and content | -308,250.13 | -286,200 | -22,050.13 | -7.7% | -465,950.13 | -435,600 | -30,350.13 | -6.97% | March campaign above the budget run-rate. |
| Events and conferences | -132,088.2 | -133,000 | 911.8 | 0.69% | -188,088.2 | -189,000 | 911.8 | 0.48% | |
| General and administrative payroll | -538,797.4438 | -535,194.47 | -3,602.9738 | -0.67% | -829,619.2558 | -828,749.55 | -869.7058 | -0.1% | |
| Software and IT tools | -147,029.89 | -149,760 | 2,730.11 | 1.82% | -221,519.0838 | -231,600 | 10,080.9162 | 4.35% | |
| Office rent | -272,000 | -272,000 | 0 | 0% | -408,000 | -408,000 | 0 | 0% | |
| Legal, audit and accounting | -148,765.78 | -147,200 | -1,565.78 | -1.06% | -212,765.78 | -211,200 | -1,565.78 | -0.74% | |
| Insurance | -36,000 | -36,000 | 0 | 0% | -54,000 | -54,000 | 0 | 0% | |
| Recruitment | -80,507.55 | -105,500 | 24,992.45 | 23.69% | -118,987.6958 | -132,000 | 13,012.3042 | 9.86% | 10 hires against 13 budgeted year to date. |
| Travel | -87,584 | -88,000 | 416 | 0.47% | -131,584 | -132,000 | 416 | 0.32% | |
| Local business taxes | -11,200 | -11,200 | 0 | 0% | -16,800 | -16,800 | 0 | 0% | |
| TOTAL OPERATING EXPENSES | -6,231,511.3561 | -6,365,642.9 | 134,131.5439 | 2.11% | -9,506,648.2358 | -9,869,214.18 | 362,565.9442 | 3.67% | |
| Research tax credit (CIR) | 758,369.3376 | 784,236.99 | -25,867.6524 | -3.3% | 1,137,599.2721 | 1,209,691.85 | -72,092.5779 | -5.96% | Lower research payroll than budgeted. |
| EBITDA | -3,083,369.4891 | -2,969,984.36 | -113,385.1291 | -3.82% | -4,405,290.6802 | -4,472,980.62 | 67,689.9398 | 1.51% | EUR 113k behind budget YTD; EUR 68k ahead of on the full-year outlook. |
| EBITDA % of revenue | -0.733 | -0.6882 | -0.0448 | -0.6588 | -0.6506 | -0.0082 | |||
| Depreciation | -53,079.9594 | -53,344.44 | 264.4806 | 0.5% | -82,736.6539 | -83,849.99 | 1,113.3361 | 1.33% | |
| Interest on deposits | 128,185.5 | 128,700.47 | -514.97 | -0.4% | 180,728.2177 | 181,497 | -768.7823 | -0.42% | |
| Exchange differences | -1,166.3893 | 0 | -1,166.3893 | 0% | 1,358.0358 | 0 | 1,358.0358 | 0% | |
| Corporate income tax | 0 | 0 | 0 | 0% | 0 | 0 | 0 | 0% | |
| NET PROFIT / (LOSS) | -3,009,430.3378 | -2,894,628.33 | -114,802.0078 | -3.97% | -4,305,941.0806 | -4,375,333.61 | 69,392.5294 | 1.59% | |
| Team customers | 380 | 409.1 | -29.1 | -7.11% | 419.4858 | 447.1 | -27.6142 | -6.18% | |
| Developer credit packs purchased | 706,057 | 681,187.75 | 24,869.25 | 3.65% | 1,162,468.7461 | 1,091,501.88 | 70,966.8661 | 6.5% | |
| Units used: Document AI (thousands) | 179,632.9 | 182,855.9 | -3,223 | -1.76% | 287,139.5938 | 293,812.7 | -6,673.1062 | -2.27% | |
| Units used: Voice AI (thousands) | 162,243 | 165,878.3 | -3,635.3 | -2.19% | 261,312.4075 | 266,022.8 | -4,710.3925 | -1.77% | |
| Units used: Agent workspace (thousands) | 65,211.4 | 68,522.7 | -3,311.3 | -4.83% | 104,105.2347 | 109,776.5 | -5,671.2653 | -5.17% | |
| Inference GPU hours | 66,690.5674 | 65,449.7 | 1,240.8674 | 1.9% | 104,943.4949 | 102,185.2 | 2,758.2949 | 2.7% | |
| Cash at bank | 9,337,248.9223 | 9,489,918.24 | -152,669.3177 | -1.61% | 7,874,277.389 | 7,639,284.93 | 234,992.459 | 3.08% | |
| Headcount | 77 | 83 | -6 | -7.23% | 78.372 | 86 | -7.628 | -8.87% |
| Cause | YTD actual | YTD budget | YTD variance | Revenue effect YTD | FY26 outlook | FY26 budget | FY26 variance | Revenue effect FY26 |
|---|---|---|---|---|---|---|---|---|
| Developer: credits used (volume, grossed up for breakage) | 17,055.375 | 46,226.3382 | ||||||
| Developer: true-ups when packs expire | -4,130.5441 | -3,164.1882 | -966.3559 | -966.3559 | -13,933.4377 | -7,304.7914 | -6,628.6464 | -6,628.6464 |
| Team: customer numbers (at the budget fee) | -45,532.1271 | -96,268.8125 | ||||||
| Team: plan fee per customer | -11,626.6029 | -28,474.6093 | ||||||
| Team: usage above the allowance | 293,514.38 | 268,077.36 | 25,437.02 | 25,437.02 | 471,711.9621 | 424,152.36 | 47,559.6021 | 47,559.6021 |
| Enterprise: Pravenza Retail not renewed in March | 30,369.41 | 131,152.48 | -100,783.07 | -100,783.07 | 30,369.41 | 200,749.21 | -170,379.8 | -170,379.8 |
| Enterprise: new accounts (won and pipeline against the four budgeted) | 89,228.46 | 130,800.39 | -41,571.93 | -41,571.93 | 246,763.5179 | 325,961.58 | -79,198.0621 | -79,198.0621 |
| Enterprise: existing accounts (usage, commitments and unused commitments) | 1,848,122.22 | 1,794,777.44 | 53,344.78 | 53,344.78 | 2,885,415.8026 | 2,784,956.98 | 100,458.8226 | 100,458.8226 |
| Enterprise: credit notes and refund liability | -4,517.8 | 0 | -4,517.8 | -4,517.8 | -1,505.934 | 0 | -1,505.934 | -1,505.934 |
| TOTAL REVENUE VARIANCE | -109,160.7109 | -188,211.1015 |
| step | value |
|---|---|
| Budget EBITDA YTD | -2,969,984.36 |
| Developer revenue | 16,089.0191 |
| Team revenue | -31,721.71 |
| Enterprise revenue | -93,528.02 |
| GPUs: reserved and on-demand | 5,631.562 |
| Model APIs (vendors B and C) | -31,013.6825 |
| Hosting, storage and network | 12,087.736 |
| Unused committed cloud spend | -97,903.9075 |
| Card processing fees | 145.59 |
| Solutions, support and success payroll | -1,435.6076 |
| Research and development payroll and compute | 99,501.3839 |
| Sales and marketing payroll incl. commissions | 32,798.6838 |
| Marketing programmes (media, events) | -21,138.33 |
| General and administrative payroll | -3,602.9738 |
| Other overheads (tools, rent, advisers, insurance, recruitment, travel, local taxes) | 26,572.78 |
| Research tax credit | -25,867.6524 |
| Actual EBITDA YTD | -3,083,369.4891 |
Balance sheet & cash flow
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash at bank and term deposits | ASSETS | CF | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,036,789.0424 | 8,503,137.3973 | 8,151,303.1349 | 7,874,277.389 | 7,286,891.4431 | 6,895,680.2125 | 6,621,147.6649 | 6,082,415.2682 | 5,747,719.7677 | 5,497,002.2176 | 4,994,026.1093 | 5,713,062.8249 | 5,439,880.4363 | 4,972,187.6932 | 4,638,222.7779 | 4,378,557.3416 | 7,874,277.389 | 4,378,557.3416 |
| Card processor balance | ASSETS | Receivables | 0.0013 | -0.0004 | -0.0025 | -0.0044 | -0.005 | -0.0074 | -0.0042 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 |
| Enterprise receivables: accounts in France (incl. VAT) | ASSETS | Receivables | 142,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 170,071.208 | 244,071.208 | 175,071.208 | 170,071.21 | 226,000 | 232,600 | 202,400 | 226,000 | 239,319.5862 | 265,276.8335 | 327,454.4361 | 339,415.1331 | 278,702.0755 | 255,960 | 241,440 | 237,600 | 255,960 | 243,120 | 238,720 | 202,400 | 238,720 |
| Enterprise receivables: accounts outside France | ASSETS | Receivables | 283,420.64 | 299,107.96 | 195,477.61 | 259,166.66 | 292,499.99 | 192,499.99 | 335,833.32 | 344,999.99 | 198,541.6667 | 352,554.7175 | 362,893.6776 | 280,870.7432 | 448,009.8524 | 475,604.4179 | 347,439.0658 | 424,113.5873 | 493,533.8547 | 354,738.1812 | 413,570.1366 | 482,657.8689 | 351,416.6667 | 439,553.5796 | 545,791.1812 | 442,311.6889 | 280,870.7432 | 442,311.6889 |
| Contract assets: Enterprise usage ahead of billing | ASSETS | Enterprise | 0 | 7,658.4 | 0 | 7,868.9 | 0 | 7,328.07 | 29,335.21 | 21,877.98 | 32,039.3737 | 60,079.2801 | 74,398.2452 | 39,060.8323 | 50,337.8471 | 108,512.6817 | 0 | 28,559.7768 | 0 | 29,791.4953 | 64,460.1426 | 63,397.5943 | 87,955.3691 | 133,722.6215 | 139,009.3522 | 71,446.5891 | 39,060.8323 | 71,446.5891 |
| Research tax credit receivable | ASSETS | Research_Credit | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,243,479.5391 | 1,349,299.5133 | 1,457,945.6027 | 1,566,568.6436 | 1,675,168.3256 | 1,785,063.4103 | 1,894,947.8946 | 867,222.4001 | 979,982.4046 | 1,092,718.4463 | 1,205,430.6359 | 1,318,143.2239 | 1,137,599.2721 | 1,318,143.2239 |
| VAT to deduct on French supplier invoices not yet paid | ASSETS | VAT | 8,669.268 | 10,330.9997 | 15,953.3157 | 10,431.939 | 8,800.961 | 13,281.3673 | 7,102.103 | 6,437.9977 | 6,700 | 10,660 | 10,270.6 | 8,272.1585 | 18,632.2037 | 10,745.227 | 14,680.462 | 12,831.1714 | 8,902.9195 | 15,633.1229 | 10,954.7268 | 8,973.7649 | 10,969.4289 | 9,002.5177 | 9,002.3056 | 9,018.7199 | 8,272.1585 | 9,018.7199 |
| Prepaid rent | ASSETS | Overheads | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 0 | 0 |
| Other prepayments | ASSETS | opening balance, no movement modelled | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 |
| Rent deposit | ASSETS | opening balance | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 | 102,000 |
| Fixed assets (IT equipment and office fit-out) | ASSETS | Fixed_Assets | 239,057.75 | 240,187.9469 | 243,357.5903 | 244,013.0286 | 241,898.1814 | 240,422.8675 | 235,565.8706 | 230,598.2906 | 225,885.0058 | 225,902.2767 | 225,244.7697 | 221,975.2428 | 230,611.2704 | 229,230.8378 | 227,658.5444 | 228,424.688 | 224,168.1467 | 222,200.5247 | 220,106.0547 | 215,412.4314 | 213,006.5064 | 208,017.9641 | 202,896.9084 | 197,663.4993 | 221,975.2428 | 197,663.4993 |
| TOTAL ASSETS | ASSETS | 13,591,935.1158 | 13,280,205.2829 | 12,858,961.8525 | 12,519,622.0378 | 12,132,684.7358 | 11,702,933.6743 | 11,462,889.4343 | 11,040,603.7185 | 10,653,704.2317 | 10,525,331.0879 | 10,265,017.1039 | 9,896,455.6302 | 9,705,662.148 | 9,475,242.4687 | 9,066,148.1656 | 8,872,067.5638 | 8,655,758.1397 | 8,315,131.0198 | 8,055,725.0569 | 7,759,016.8768 | 7,452,810.8042 | 7,312,862.8148 | 7,150,323.1535 | 6,787,861.055 | 9,896,455.6302 | 6,787,861.055 | |
| Trade payables: compute suppliers in USD | LIABILITIES | Payables | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 141,920.8292 | 116,539.5968 | 120,044.7427 | 218,502.1235 | 138,785.3581 | 140,431.3137 | 147,165.9626 | 148,394.6283 | 153,527.5749 | 155,161.0606 | 158,044.9286 | 160,101.8182 | 162,527.3123 | 166,815.241 | 168,969.4449 | 172,886.0063 | 218,502.1235 | 172,886.0063 |
| Trade payables: model API vendor C | LIABILITIES | Payables | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 10,116.2745 | 10,397.0736 | 10,989.972 | 11,499.3575 | 12,484.001 | 13,051.9234 | 13,498.0944 | 13,782.4575 | 14,349.6857 | 14,663.3438 | 14,975.2989 | 15,254.2324 | 15,731.4457 | 16,176.0417 | 16,578.9581 | 16,975.1976 | 11,499.3575 | 16,975.1976 |
| Trade payables: company card statements | LIABILITIES | Payables | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 74,625.5053 | 74,858.3425 | 81,513.8902 | 75,573.369 | 75,564.4475 | 75,803.4722 | 76,047.6456 | 67,475.0733 | 76,288.4735 | 82,713.2105 | 76,284.4379 | 76,284.4716 | 67,809.2811 | 76,284.4716 |
| Trade payables: French suppliers | LIABILITIES | Payables | 52,015.608 | 61,985.998 | 95,719.894 | 62,591.634 | 52,805.766 | 79,688.204 | 42,612.618 | 38,627.986 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 111,793.2223 | 64,471.362 | 88,082.772 | 76,987.0285 | 53,417.5173 | 93,798.7372 | 65,728.3607 | 53,842.5893 | 65,816.5732 | 54,015.1062 | 54,013.8338 | 54,112.3194 | 49,632.951 | 54,112.3194 |
| Contract liabilities: Enterprise commitments billed ahead of usage | LIABILITIES | Enterprise | 405,068.32 | 416,887.68 | 341,790.66 | 460,931.04 | 433,279.73 | 349,007.77 | 503,048.46 | 419,326.25 | 251,985.2907 | 436,127.4947 | 451,888.3127 | 387,461.1001 | 539,284.88 | 648,638.8595 | 433,427.0927 | 607,202.9649 | 680,097.2967 | 525,625.6515 | 629,509.5566 | 625,862.6646 | 490,275.0574 | 524,198.4691 | 518,230.9225 | 381,608.6599 | 387,461.1001 | 381,608.6599 |
| Contract liabilities: Developer credits | LIABILITIES | Credits | 210,641.7941 | 219,177.9955 | 229,825.6118 | 231,454.4145 | 238,172.3155 | 242,308.5395 | 247,788.6836 | 248,629.6809 | 266,543.7293 | 284,827.0044 | 298,793.4625 | 313,439.9143 | 327,920.4015 | 343,085.8568 | 358,708.1985 | 371,142.9045 | 379,647.2418 | 397,573.1783 | 405,293.7094 | 404,335.6503 | 431,922.1074 | 458,868.1529 | 481,236.6221 | 497,121.7517 | 313,439.9143 | 497,121.7517 |
| Refund liability: expected credit notes | LIABILITIES | Enterprise | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 4,517.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| VAT payable / (credit carried forward) | LIABILITIES | VAT | 5,032.493 | 29,880.5496 | 24,527.8642 | -756.4677 | 32,840.4383 | 35,412.8709 | 4,281.6225 | 38,769.3256 | 40,288.6179 | 16,125.1684 | 38,841.1179 | 42,658.2469 | 22,251.2367 | 33,381.3363 | 45,697.0711 | 21,953.4041 | 51,323.2541 | 59,823.4514 | 27,780.6325 | 47,911.7436 | 53,032.8094 | 29,392.7257 | 54,744.0766 | 55,147.8122 | 42,658.2469 | 55,147.8122 |
| VAT on French invoices not yet collected | LIABILITIES | Receivables | 23,666.6667 | 17,500 | 23,833.3333 | 35,666.6667 | 28,511.868 | 28,345.2013 | 40,678.5347 | 29,178.5347 | 28,345.2017 | 37,666.6667 | 38,766.6667 | 33,733.3333 | 37,666.6667 | 39,886.5977 | 44,212.8056 | 54,575.7394 | 56,569.1889 | 46,450.3459 | 42,660 | 40,240 | 39,600 | 42,660 | 40,520 | 39,786.6667 | 33,733.3333 | 39,786.6667 |
| URSSAF payable | LIABILITIES | People | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.3725 | 254,250.7275 | 241,473.5475 | 252,464.91 | 250,288.55 | 237,866.3039 | 243,192.1133 | 251,829.5239 | 251,126.3782 | 268,302.042 | 266,856.4529 | 289,575.8198 | 276,652.7637 | 290,376.1407 | 281,396.7347 | 294,751.2259 | 293,704.3084 | 286,501.7007 | 288,812.9001 | 294,443.0417 | 293,490.6455 | 251,126.3782 | 293,490.6455 |
| Income tax withheld at source payable | LIABILITIES | People | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.7952 | 50,719.3776 | 47,540.2576 | 50,425.2828 | 50,082.254 | 47,171.6485 | 48,166.3687 | 50,109.2674 | 49,944.213 | 53,016.1279 | 52,420.8561 | 57,791.8311 | 54,145.9088 | 57,486.6341 | 55,104.8038 | 58,085.944 | 57,835.1122 | 55,928.8504 | 56,491.333 | 57,859.7169 | 57,628.4396 | 49,944.213 | 57,628.4396 |
| Agirc-Arrco and schemes payable | LIABILITIES | People | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,649.782 | 89,016.647 | 88,616.4698 | 93,470.4995 | 91,866.0389 | 104,748.2547 | 95,662.5918 | 103,947.7851 | 97,711.2914 | 104,998.4252 | 104,380.0945 | 99,199.6442 | 100,597.7338 | 103,993.5476 | 103,420.1774 | 88,616.4698 | 103,420.1774 |
| Commissions payable | LIABILITIES | People | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 14,250 | 27,462 | 25,950 | 9,360 | 0 | 47,616 | 6,480 | 40,122 | 10,800 | 37,926 | 35,472 | 9,690 | 15,390 | 29,178 | 26,856 | 9,384 | 9,360 | 9,384 |
| Employer contributions accrued on commissions | LIABILITIES | People | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 6,543.885 | 12,611.0996 | 11,916.759 | 4,298.2992 | 0 | 21,866.2195 | 2,975.7456 | 18,424.8248 | 4,959.576 | 17,416.3777 | 16,289.4518 | 4,449.8418 | 7,067.3958 | 13,399.1212 | 12,332.8123 | 4,309.3205 | 4,298.2992 | 4,309.3205 |
| Paid leave provision | LIABILITIES | People | 305,201.8629 | 308,480.9797 | 341,114.0281 | 341,166.3574 | 333,463.3547 | 356,300.7188 | 305,227.0288 | 135,450.6025 | 176,924.566 | 202,785.2991 | 245,614.105 | 256,293.4928 | 303,772.5826 | 305,956.7586 | 345,253.0773 | 345,220.8257 | 339,177.5199 | 369,870.9117 | 297,235.4254 | 114,387.8229 | 164,688.448 | 196,052.3408 | 246,230.1837 | 258,775.0854 | 256,293.4928 | 258,775.0854 |
| Local business taxes accrued | LIABILITIES | Overheads | 1,900 | 3,300 | 4,700 | 6,100 | 7,000 | 350 | 1,750 | 3,150 | 2,700 | 4,100 | 5,500 | 200 | 1,666.6667 | 3,133.3333 | 4,600 | 6,066.6667 | 7,333.3333 | 400 | 1,866.6667 | 3,333.3333 | 2,850 | 4,316.6667 | 5,783.3333 | 400 | 200 | 400 |
| Provision: onerous cloud commitment (IAS 37) | LIABILITIES | Commitments | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 70,070.9468 | 97,903.9075 | 94,598.1541 | 94,598.1541 | 94,598.1541 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Corporate income tax payable | LIABILITIES | Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL LIABILITIES | LIABILITIES | 1,543,724.5765 | 1,650,172.3022 | 1,651,980.3977 | 1,761,619.0565 | 1,727,827.4424 | 1,765,914.2018 | 1,879,249.4491 | 1,632,212.5063 | 1,513,659.255 | 1,756,484.4567 | 1,863,298.4082 | 1,784,575.1607 | 1,985,039.1903 | 2,147,521.2512 | 2,023,730.6156 | 2,205,908.0777 | 2,278,577.196 | 2,228,725.3602 | 2,228,739.2712 | 2,002,804.2848 | 1,966,819.8178 | 2,063,687.0427 | 2,158,076.9315 | 2,021,330.5538 | 1,784,575.1607 | 2,021,330.5538 | |
| Share capital | EQUITY | Treasury | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 |
| Share premium | EQUITY | Treasury | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 |
| Accumulated losses: opening (memo) | EQUITY | -12,182,178.45 | -12,551,789.4606 | -12,969,967.0193 | -13,393,018.5452 | -13,841,997.0186 | -14,195,142.7066 | -14,662,980.5275 | -15,016,360.0148 | -15,191,608.7878 | -15,459,955.0233 | -15,831,153.3688 | -16,198,281.3043 | -16,488,119.5306 | -16,879,377.0423 | -17,272,278.7825 | -17,557,582.45 | -17,933,840.514 | -18,222,819.0563 | -18,513,594.3404 | -18,773,014.2144 | -18,843,787.408 | -19,114,009.0137 | -19,350,824.2279 | -19,607,753.778 | |||
| Net profit / (loss) (memo) | EQUITY | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -268,346.2355 | -371,198.3455 | -367,127.9355 | -289,838.2263 | -391,257.5117 | -392,901.7402 | -285,303.6675 | -376,258.064 | -288,978.5423 | -290,775.2841 | -259,419.874 | -70,773.1937 | -270,221.6057 | -236,815.2142 | -256,929.5501 | -225,715.7208 | -4,305,941.0806 | -3,345,349.9682 |
| Accumulated losses | EQUITY | -12,551,789.4606 | -12,969,967.0193 | -13,393,018.5452 | -13,841,997.0186 | -14,195,142.7066 | -14,662,980.5275 | -15,016,360.0148 | -15,191,608.7878 | -15,459,955.0233 | -15,831,153.3688 | -16,198,281.3043 | -16,488,119.5306 | -16,879,377.0423 | -17,272,278.7825 | -17,557,582.45 | -17,933,840.514 | -18,222,819.0563 | -18,513,594.3404 | -18,773,014.2144 | -18,843,787.408 | -19,114,009.0137 | -19,350,824.2279 | -19,607,753.778 | -19,833,469.4988 | -16,488,119.5306 | -19,833,469.4988 | |
| TOTAL EQUITY | EQUITY | 12,048,210.5394 | 11,630,032.9807 | 11,206,981.4548 | 10,758,002.9814 | 10,404,857.2934 | 9,937,019.4725 | 9,583,639.9852 | 9,408,391.2122 | 9,140,044.9767 | 8,768,846.6312 | 8,401,718.6957 | 8,111,880.4694 | 7,720,622.9577 | 7,327,721.2175 | 7,042,417.55 | 6,666,159.486 | 6,377,180.9437 | 6,086,405.6596 | 5,826,985.7856 | 5,756,212.592 | 5,485,990.9863 | 5,249,175.7721 | 4,992,246.222 | 4,766,530.5012 | 8,111,880.4694 | 4,766,530.5012 | |
| TOTAL LIABILITIES AND EQUITY | EQUITY | 13,591,935.1158 | 13,280,205.2829 | 12,858,961.8525 | 12,519,622.0378 | 12,132,684.7358 | 11,702,933.6743 | 11,462,889.4343 | 11,040,603.7185 | 10,653,704.2317 | 10,525,331.0879 | 10,265,017.1039 | 9,896,455.6302 | 9,705,662.148 | 9,475,242.4687 | 9,066,148.1656 | 8,872,067.5638 | 8,655,758.1397 | 8,315,131.0198 | 8,055,725.0569 | 7,759,016.8768 | 7,452,810.8042 | 7,312,862.8148 | 7,150,323.1535 | 6,787,861.055 | 9,896,455.6302 | 6,787,861.055 | |
| CHECK: assets less liabilities and equity (must be zero) | EQUITY | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Contract liabilities, total (Enterprise and Developer) | MEMO | 615,710.1141 | 636,065.6755 | 571,616.2718 | 692,385.4545 | 671,452.0455 | 591,316.3095 | 750,837.1436 | 667,955.9309 | 518,529.0199 | 720,954.4991 | 750,681.7752 | 700,901.0144 | 867,205.2815 | 991,724.7163 | 792,135.2913 | 978,345.8695 | 1,059,744.5385 | 923,198.8298 | 1,034,803.2659 | 1,030,198.3149 | 922,197.1648 | 983,066.622 | 999,467.5445 | 878,730.4116 | 700,901.0144 | 878,730.4116 | |
| Cash in months of revenue | MEMO | 23.5544 | 23.8663 | 21.2732 | 21.0122 | 18.8057 | 16.6213 | 17.1935 | 16.2629 | 13.4966 | 14.6646 | 13.443 | 12.6055 | 10.847 | 10.2119 | 8.266 | 8.5003 | 7.7059 | 6.3756 | 6.4574 | 7.1311 | 6.2568 | 5.4724 | 5.148 | 5.009 | 12.6055 | 5.009 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net profit / (loss) | OPERATING ACTIVITIES (indirect) | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -268,346.2355 | -371,198.3455 | -367,127.9355 | -289,838.2263 | -391,257.5117 | -392,901.7402 | -285,303.6675 | -376,258.064 | -288,978.5423 | -290,775.2841 | -259,419.874 | -70,773.1937 | -270,221.6057 | -236,815.2142 | -256,929.5501 | -225,715.7208 | -4,305,941.0806 | -3,345,349.9682 |
| Add back: depreciation | OPERATING ACTIVITIES (indirect) | 6,000 | 6,140.4931 | 6,342.4567 | 6,606.6817 | 6,808.4072 | 6,938.7839 | 7,090.5469 | 7,152.59 | 7,213.2847 | 7,282.7292 | 7,485.5069 | 7,675.1736 | 7,797.5527 | 8,254.041 | 8,444.9746 | 8,635.8824 | 8,897.0498 | 9,025.9528 | 9,222.0176 | 9,420.005 | 9,551.2934 | 9,749.7758 | 9,882.0323 | 10,014.2817 | 82,736.6539 | 108,894.859 | |
| (Increase) / decrease in the card processor balance | OPERATING ACTIVITIES (indirect) | BS movement | -0.0013 | 0.0017 | 0.0021 | 0.0019 | 0.0006 | 0.0024 | -0.0032 | 0.0035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0.0077 | -0 |
| (Increase) / decrease in Enterprise receivables | OPERATING ACTIVITIES (indirect) | BS movement | -57,753.97 | 21,312.68 | 65,630.35 | -134,689.05 | 9,595.462 | 101,000 | -217,333.33 | 59,833.33 | 151,458.3213 | -209,941.8408 | -16,938.9601 | 112,222.9345 | -190,739.1092 | -40,914.1517 | 102,208.1048 | -138,852.1242 | -81,380.9644 | 199,508.7311 | -36,089.8799 | -54,567.7322 | 135,081.2022 | -106,496.9129 | -93,397.6017 | 107,879.4924 | -115,604.0732 | -197,760.9457 |
| (Increase) / decrease in contract assets | OPERATING ACTIVITIES (indirect) | BS movement | 0 | -7,658.4 | 7,658.4 | -7,868.9 | 7,868.9 | -7,328.07 | -22,007.14 | 7,457.23 | -10,161.3937 | -28,039.9063 | -14,318.9652 | 35,337.4129 | -11,277.0147 | -58,174.8346 | 108,512.6817 | -28,559.7768 | 28,559.7768 | -29,791.4953 | -34,668.6472 | 1,062.5483 | -24,557.7748 | -45,767.2524 | -5,286.7306 | 67,562.763 | -39,060.8323 | -32,385.7568 |
| (Increase) / decrease in the research tax credit receivable (accrued less refunded) | OPERATING ACTIVITIES (indirect) | BS movement | -89,210.6082 | -93,117.4902 | -94,080.7266 | -97,638.9456 | -96,313.8624 | -96,551.2884 | 838,828.4476 | -94,514.8638 | -93,308.6032 | -95,319.4832 | -95,309.2601 | -95,292.588 | -105,880.267 | -105,819.9742 | -108,646.0894 | -108,623.0409 | -108,599.682 | -109,895.0847 | -109,884.4843 | 1,027,725.4945 | -112,760.0044 | -112,736.0418 | -112,712.1896 | -112,712.588 | -201,829.2721 | -180,543.9518 |
| (Increase) / decrease in prepaid rent, prepayments and VAT to deduct | OPERATING ACTIVITIES (indirect) | BS movement | -68,520.158 | 32,338.2683 | 28,377.684 | -62,478.6233 | 35,630.978 | 29,519.5937 | -61,820.7357 | 34,664.1053 | 33,737.9977 | -71,960 | 34,389.4 | 35,998.4415 | -80,060.0452 | 42,736.9767 | 30,914.765 | -67,850.7094 | 38,778.2519 | 28,119.7967 | -65,021.6039 | 36,830.9619 | 32,854.336 | -67,733.0888 | 34,850.2121 | 34,833.5857 | -123.0485 | -746.5614 |
| Increase / (decrease) in trade payables | OPERATING ACTIVITIES (indirect) | BS movement | 22,701.3998 | 6,671.8657 | 42,443.9171 | -39,364.3787 | -5,298.343 | 31,351.2713 | -25,457.0644 | -12,273.4368 | 7,011.5926 | 4,649.0021 | -3,698.9138 | 86,969.3212 | -9,755.6264 | -44,875.1451 | 37,447.7776 | -15,523.2359 | -17,878.2578 | 42,567.3884 | -24,630.3799 | -18,122.5207 | 23,690.0914 | -644.2052 | -3,872.9247 | 4,411.3202 | 115,706.2331 | -27,185.7182 |
| Increase / (decrease) in contract liabilities and the refund liability | OPERATING ACTIVITIES (indirect) | BS movement | 22,424.4941 | 20,355.5614 | -64,449.4036 | 120,769.1827 | -20,933.4091 | -80,135.7359 | 159,520.8341 | -78,363.4127 | -149,426.911 | 197,907.6791 | 29,727.2762 | -49,780.7608 | 166,304.2671 | 124,519.4348 | -199,589.425 | 186,210.5782 | 81,398.669 | -136,545.7086 | 111,604.4361 | -4,604.9511 | -108,001.1501 | 60,869.4572 | 16,400.9226 | -120,737.133 | 107,615.3944 | 177,829.3971 |
| Increase / (decrease) in payroll liabilities (URSSAF, withholding, Agirc-Arrco, commissions, paid leave) | OPERATING ACTIVITIES (indirect) | BS movement | 50,050.4329 | 59,338.9088 | 21,432.9341 | 40,284.8533 | -34,901.9694 | 43,359.9662 | -25,646.0623 | -208,620.7572 | 26,931.8614 | 53,710.5049 | 55,569.6396 | -14,797.4493 | 58,922.399 | 68,021.074 | 20,242.4025 | 23,404.1864 | -23,481.2591 | 52,678.4634 | -52,593.647 | -222,385.2924 | 44,328.8593 | 55,755.3898 | 57,183.8734 | -14,707.6339 | 66,712.863 | 67,368.8154 |
| Increase / (decrease) in VAT, local taxes and corporate tax payable | OPERATING ACTIVITIES (indirect) | BS movement | -17,215.9804 | 20,081.39 | 2,380.6479 | -12,050.9986 | 27,342.1074 | -4,244.2341 | -17,397.9151 | 24,387.7032 | 235.9592 | -13,441.9845 | 25,215.9495 | -6,516.2044 | -15,007.0101 | 14,816.6972 | 18,108.6094 | -11,914.0665 | 32,629.9662 | -8,551.979 | -34,366.4982 | 19,177.7778 | 3,997.7324 | -19,113.4169 | 24,678.0175 | -5,712.9311 | 28,776.4402 | 18,742.8987 |
| Increase / (decrease) in the onerous commitment provision | OPERATING ACTIVITIES (indirect) | BS movement | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 22,315.455 | 27,832.9607 | -3,305.7535 | 0 | 0 | -94,598.1541 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET CASH FROM OPERATING ACTIVITIES | OPERATING ACTIVITIES (indirect) | -501,135.4017 | -352,714.28 | -407,315.2643 | -635,408.65 | -423,347.4166 | -396,172.04 | 304,713.5457 | -407,693.3208 | -297,959.88 | -526,351.6451 | -345,006.2624 | -272,620.0992 | -570,952.3656 | -384,337.6221 | -267,659.8664 | -529,330.3708 | -330,054.992 | -243,659.2193 | -495,848.5608 | 723,763.0973 | -266,037.0203 | -462,931.5095 | -329,203.9387 | -254,884.5637 | -4,261,010.7143 | -3,411,136.9319 | |
| Capital expenditure (IT equipment) | INVESTING ACTIVITIES | Fixed_Assets | -5,057.75 | -7,270.69 | -9,512.1 | -7,262.12 | -4,693.56 | -5,463.47 | -2,233.55 | -2,185.01 | -2,500 | -7,300 | -6,828 | -4,405.6467 | -16,433.5803 | -6,873.6085 | -6,872.6812 | -9,402.026 | -4,640.5085 | -7,058.3307 | -7,127.5476 | -4,726.3817 | -7,145.3683 | -4,761.2336 | -4,760.9765 | -4,780.8726 | -64,711.8967 | -84,583.1155 |
| NET CASH FROM INVESTING ACTIVITIES | INVESTING ACTIVITIES | -5,057.75 | -7,270.69 | -9,512.1 | -7,262.12 | -4,693.56 | -5,463.47 | -2,233.55 | -2,185.01 | -2,500 | -7,300 | -6,828 | -4,405.6467 | -16,433.5803 | -6,873.6085 | -6,872.6812 | -9,402.026 | -4,640.5085 | -7,058.3307 | -7,127.5476 | -4,726.3817 | -7,145.3683 | -4,761.2336 | -4,760.9765 | -4,780.8726 | -64,711.8967 | -84,583.1155 | |
| NET CASH FROM FINANCING ACTIVITIES (no debt; no equity raised in the forecast) | FINANCING ACTIVITIES | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| NET CASH FLOW FOR THE MONTH | CASH | -506,193.1517 | -359,984.97 | -416,827.3643 | -642,670.77 | -428,040.9766 | -401,635.51 | 302,479.9957 | -409,878.3308 | -300,459.88 | -533,651.6451 | -351,834.2624 | -277,025.7459 | -587,385.9459 | -391,211.2306 | -274,532.5476 | -538,732.3967 | -334,695.5005 | -250,717.55 | -502,976.1084 | 719,036.7157 | -273,182.3887 | -467,692.7431 | -333,964.9153 | -259,665.4363 | -4,325,722.611 | -3,495,720.0474 | |
| Opening cash | CASH | 12,200,000 | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,036,789.0424 | 8,503,137.3973 | 8,151,303.1349 | 7,874,277.389 | 7,286,891.4431 | 6,895,680.2125 | 6,621,147.6649 | 6,082,415.2682 | 5,747,719.7677 | 5,497,002.2176 | 4,994,026.1093 | 5,713,062.8249 | 5,439,880.4363 | 4,972,187.6932 | 4,638,222.7779 | |||
| CLOSING CASH (to balance sheet) | CASH | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,036,789.0424 | 8,503,137.3973 | 8,151,303.1349 | 7,874,277.389 | 7,286,891.4431 | 6,895,680.2125 | 6,621,147.6649 | 6,082,415.2682 | 5,747,719.7677 | 5,497,002.2176 | 4,994,026.1093 | 5,713,062.8249 | 5,439,880.4363 | 4,972,187.6932 | 4,638,222.7779 | 4,378,557.3416 | 7,874,277.389 | 4,378,557.3416 | |
| Net burn: cash used before financing (negative = cash generated) | CASH | memo | 506,193.1517 | 359,984.97 | 416,827.3643 | 642,670.77 | 428,040.9766 | 401,635.51 | -302,479.9957 | 409,878.3308 | 300,459.88 | 533,651.6451 | 351,834.2624 | 277,025.7459 | 587,385.9459 | 391,211.2306 | 274,532.5476 | 538,732.3967 | 334,695.5005 | 250,717.55 | 502,976.1084 | -719,036.7157 | 273,182.3887 | 467,692.7431 | 333,964.9153 | 259,665.4363 | 4,325,722.611 | 3,495,720.0474 |
| Card payouts (Developer packs and Team plans) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 343,062.0001 | 355,572.3732 | 363,730.9605 | 368,274.3351 | 388,590.7155 | 396,722.2303 | 410,416.3714 | 415,790.5844 | 425,061.9338 | 437,728.9885 | 437,720.554 | 430,774.7616 | 475,976.6333 | 490,986.5905 | 499,399.1712 | 502,620.5587 | 3,855,857.0989 | 5,311,789.0933 |
| Enterprise receipts: accounts in France | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 118,999.998 | 92,264.089 | 126,000 | 144,200 | 126,400 | 126,000 | 146,439.8621 | 150,345.4273 | 185,772.4162 | 207,593.0577 | 180,782.0755 | 150,600 | 150,720 | 139,680 | 150,600 | 151,280 | 1,221,464.087 | 1,866,212.8387 |
| Enterprise receipts: accounts outside France | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 238,333.3233 | 137,291.6667 | 158,351.5725 | 250,433.3225 | 168,597.1511 | 224,185.6788 | 307,750.9217 | 227,715.3527 | 221,187.0044 | 299,795.6735 | 247,404.8479 | 209,412.2678 | 296,991.2022 | 240,916.6667 | 220,184.5265 | 328,176.4291 | 2,001,880.295 | 2,992,317.7225 |
| Research tax credit refunded | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,137,599.2721 | 0 | 0 | 0 | 0 | 935,770 | 1,137,599.2721 |
| Interest received | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,555.1836 | 12,754.7061 | 12,226.9547 | 11,811.4161 | 10,930.3372 | 10,343.5203 | 9,931.7215 | 9,123.6229 | 8,621.5797 | 8,245.5033 | 7,491.0392 | 8,569.5942 | 8,159.8207 | 7,458.2815 | 6,957.3342 | 180,728.2177 | 107,643.7707 |
| Net pay (last working day) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -302,359.56 | -312,200.5 | -343,472.8843 | -331,656.04 | -356,044.8666 | -334,078.46 | -353,129.1243 | -351,637.3708 | -330,112.7492 | -338,184.3294 | -351,864.7633 | -350,689.41 | -372,923.7076 | -369,708.9841 | -407,533.0974 | -384,369.2868 | -407,875.8263 | -391,451.3099 | -413,593.694 | -411,815.6636 | -398,372.3465 | -402,336.5116 | -411,980.1025 | -410,350.2007 | -4,055,430.0579 | -4,782,310.7309 |
| URSSAF (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -213,682.42 | -219,057.13 | -226,130.17 | -245,947.1 | -239,469.37 | -254,250.73 | -241,473.55 | -252,464.91 | -250,288.55 | -237,866.3039 | -243,192.1133 | -251,829.5239 | -251,126.3782 | -268,302.042 | -266,856.4529 | -289,575.8198 | -276,652.7637 | -290,376.1407 | -281,396.7347 | -294,751.2259 | -293,704.3084 | -286,501.7007 | -288,812.9001 | -294,443.0417 | -2,875,651.8712 | -3,382,499.5087 |
| Income tax withheld at source (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -42,455.68 | -43,544.32 | -45,112.36 | -49,245.99 | -47,195.8 | -50,719.38 | -47,540.26 | -50,425.29 | -50,082.254 | -47,171.6485 | -48,166.3687 | -50,109.2674 | -49,944.213 | -53,016.1279 | -52,420.8561 | -57,791.8311 | -54,145.9088 | -57,486.6341 | -55,104.8038 | -58,085.944 | -57,835.1122 | -55,928.8504 | -56,491.333 | -57,859.7169 | -571,768.6187 | -666,111.3312 |
| Agirc-Arrco and schemes (25th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -73,047.74 | -75,173.11 | -77,939.69 | -87,441.15 | -81,918.61 | -90,697.69 | -82,524.46 | -89,698.04 | -89,269.91 | -82,399.7544 | -84,649.782 | -89,016.647 | -88,616.4698 | -93,470.4995 | -91,866.0389 | -104,748.2547 | -95,662.5918 | -103,947.7851 | -97,711.2914 | -104,998.4252 | -104,380.0945 | -99,199.6442 | -100,597.7338 | -103,993.5476 | -1,003,776.5834 | -1,189,192.3766 |
| Compute suppliers in USD (15th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -107,546.17 | -123,320.74 | -125,872.77 | -124,046.4 | -123,735.7 | -133,093.42 | -134,594.58 | -142,250.18 | -141,380 | -141,920.8292 | -116,539.5968 | -120,044.7427 | -218,502.1235 | -138,785.3581 | -140,431.3137 | -147,165.9626 | -148,394.6283 | -153,527.5749 | -155,161.0606 | -158,044.9286 | -160,101.8182 | -162,527.3123 | -166,815.241 | -168,969.4449 | -1,534,345.1287 | -1,918,426.7668 |
| Model API vendor C (15th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -7,104.97 | -8,172.87 | -8,429.57 | -8,033.9 | -8,834.88 | -9,004.17 | -9,240.64 | -9,844.35 | -9,871.04 | -10,116.2745 | -10,397.0736 | -10,989.972 | -11,499.3575 | -12,484.001 | -13,051.9234 | -13,498.0944 | -13,782.4575 | -14,349.6857 | -14,663.3438 | -14,975.2989 | -15,254.2324 | -15,731.4457 | -16,176.0417 | -16,578.9581 | -110,039.7101 | -172,044.84 |
| Company card statements (5th) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -67,925.28 | -70,026.06 | -67,643.71 | -74,176.79 | -69,366.35 | -65,767.27 | -67,888.45 | -67,886.13 | -60,109.26 | -67,287.2 | -73,276.6353 | -67,816.0773 | -67,809.2811 | -74,625.5053 | -74,858.3425 | -81,513.8902 | -75,573.369 | -75,564.4475 | -75,803.4722 | -76,047.6456 | -67,475.0733 | -76,288.4735 | -82,713.2105 | -76,284.4379 | -819,169.2126 | -904,557.1486 |
| French suppliers incl. VAT and equipment (30 days) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -48,894.67 | -52,015.61 | -61,986 | -95,719.9 | -62,591.64 | -52,805.77 | -79,688.21 | -42,612.62 | -38,627.986 | -40,200 | -63,960 | -61,623.6 | -49,632.951 | -111,793.2223 | -64,471.362 | -88,082.772 | -76,987.0285 | -53,417.5173 | -93,798.7372 | -65,728.3607 | -53,842.5893 | -65,816.5732 | -54,015.1062 | -54,013.8338 | -700,726.006 | -831,600.0534 |
| Rent (quarterly in advance) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -122,400 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -125,460 | 0 | 0 | -489,600 | -501,840 |
| Insurance | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,500 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -4,612.5 | -54,000 | -55,350 |
| VAT (CA3) | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | -23,815.14 | -5,032.49 | -29,880.54 | -24,527.85 | 0 | -32,840.42 | -35,412.85 | -4,281.6 | -38,769.3256 | -40,288.6179 | -16,125.1684 | -38,841.1179 | -42,658.2469 | -22,251.2367 | -33,381.3363 | -45,697.0711 | -21,953.4041 | -51,323.2541 | -59,823.4514 | -27,780.6325 | -47,911.7436 | -53,032.8094 | -29,392.7257 | -54,744.0766 | -289,815.1198 | -489,949.9883 |
| Local business taxes | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | -500 | -8,050 | 0 | 0 | -1,850 | 0 | 0 | -6,700 | 0 | 0 | 0 | 0 | -200 | -8,400 | 0 | 0 | -1,950 | 0 | 0 | -6,850 | -17,100 | -17,400 |
| Corporate income tax | DIRECT METHOD (built from the cash lines of each schedule) | schedule cash line | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| NET CASH FLOW, DIRECT METHOD | DIRECT METHOD (built from the cash lines of each schedule) | -506,193.15 | -359,984.97 | -416,827.3643 | -642,670.77 | -428,040.9766 | -401,635.51 | 302,479.9957 | -409,878.3308 | -300,459.88 | -533,651.6452 | -351,834.2624 | -277,025.7459 | -587,385.9459 | -391,211.2306 | -274,532.5476 | -538,732.3967 | -334,695.5005 | -250,717.55 | -502,976.1084 | 719,036.7157 | -273,182.3887 | -467,692.7431 | -333,964.9153 | -259,665.4363 | -4,325,722.6095 | -3,495,720.0474 | |
| CHECK: indirect less direct (must be zero) | DIRECT METHOD (built from the cash lines of each schedule) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating drivers
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit packs purchased | PACKS PURCHASED (EUR ex VAT) | A: billing system; F: run-rate x growth x seasonality | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 109,278.5773 | 114,697.2054 | 116,542.5409 | 115,893.4226 | 129,018.7572 | 131,094.5087 | 138,272.2621 | 138,374.6481 | 142,463.2694 | 149,666.0194 | 146,015.1381 | 137,358.6883 | 174,958.523 | 183,633.9212 | 186,588.3628 | 185,549.1035 | 1,162,468.7461 | 1,842,993.2018 |
| Packs bought in Jan-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Packs bought in Feb-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 935.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 935.6 | 0 |
| Packs bought in Mar-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 1,122.51 | 1,060.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,182.66 | 0 |
| Packs bought in Apr-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 1,435.74 | 1,174.7 | 1,109.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,719.88 | 0 |
| Packs bought in May-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,020.28 | 1,587.36 | 1,298.75 | 1,226.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,132.99 | 0 |
| Packs bought in Jun-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,363.94 | 1,891.15 | 1,485.9 | 1,215.74 | 1,148.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,104.93 | 0 |
| Packs bought in Jul-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 2,886.6 | 2,245.13 | 1,796.11 | 1,411.23 | 1,154.64 | 1,090.49 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,584.2 | 0 |
| Packs bought in Aug-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 3,455.76 | 2,827.44 | 2,199.12 | 1,759.29 | 1,382.3 | 1,130.97 | 1,068.14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,823.02 | 0 |
| Packs bought in Sep-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 5,724.14 | 4,497.54 | 3,679.8 | 2,862.07 | 2,289.65 | 1,799.01 | 1,471.92 | 1,390.15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,714.28 | 0 |
| Packs bought in Oct-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 7,457.16 | 5,800.01 | 4,557.15 | 3,728.58 | 2,900.01 | 2,320.01 | 1,822.86 | 1,491.43 | 1,369.0814 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,446.2914 | 0 |
| Packs bought in Nov-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 9,634.65 | 7,225.99 | 5,620.21 | 4,415.88 | 3,612.99 | 2,810.11 | 2,248.09 | 1,766.35 | 1,434.9278 | 1,355.2096 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,124.4074 | 0 |
| Packs bought in Dec-25 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | History | 14,133.99 | 9,976.93 | 7,482.7 | 5,819.88 | 4,572.76 | 3,741.35 | 2,909.94 | 2,327.95 | 1,709.9628 | 1,399.0604 | 1,321.3349 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,395.8581 | 0 |
| Packs bought in Jan-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 15,601.13 | 12,629.48 | 8,914.93 | 6,686.2 | 5,200.38 | 4,086.01 | 3,343.1 | 2,600.19 | 2,160.8233 | 1,697.7897 | 1,389.1007 | 1,311.9284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65,621.0621 | 0 | |
| Packs bought in Feb-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 19,193.51 | 15,537.6 | 10,967.72 | 8,225.79 | 6,397.84 | 5,026.87 | 4,112.89 | 3,167.4426 | 2,533.9541 | 1,990.9639 | 1,628.9705 | 1,538.4721 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78,783.5511 | 1,538.4721 | |
| Packs bought in Mar-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 19,331.38 | 15,649.21 | 11,046.5 | 8,284.88 | 6,443.79 | 5,062.98 | 4,180.0815 | 3,251.1745 | 2,600.9396 | 2,043.5954 | 1,672.0326 | 1,579.1419 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77,894.531 | 3,251.1745 | |
| Packs bought in Apr-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 18,059.84 | 14,619.87 | 10,319.91 | 7,739.93 | 6,019.95 | 4,711.1845 | 3,854.6055 | 2,998.0265 | 2,398.4212 | 1,884.4738 | 1,541.8422 | 1,456.1843 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,721.7377 | 4,882.5003 | |
| Packs bought in May-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 17,541.01 | 14,199.86 | 10,023.43 | 7,517.57 | 6,225.7475 | 4,891.6587 | 4,002.2663 | 3,112.8738 | 2,490.299 | 1,956.6635 | 1,600.9065 | 1,511.9672 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,514.4162 | 7,559.8363 | |
| Packs bought in Jun-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 20,171.22 | 16,329.08 | 11,526.41 | 8,084.1402 | 6,287.6646 | 4,940.3079 | 4,042.0701 | 3,143.8323 | 2,515.0658 | 1,976.1232 | 1,616.828 | 1,527.0043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,380.8928 | 10,778.8536 | |
| Packs bought in Jul-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 19,672.54 | 15,925.39 | 11,258.9376 | 8,444.2032 | 6,567.7136 | 5,160.3464 | 4,222.1016 | 3,283.8568 | 2,627.0854 | 2,064.1386 | 1,688.8406 | 1,595.0162 | 0 | 0 | 0 | 0 | 0 | 0 | 67,029.1308 | 15,481.0392 | |
| Packs bought in Aug-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,490.68 | 14,832.5459 | 10,470.0324 | 7,852.5243 | 6,107.5189 | 4,798.7648 | 3,926.2622 | 3,053.7595 | 2,443.0076 | 1,919.5059 | 1,570.5049 | 1,483.2546 | 0 | 0 | 0 | 0 | 0 | 57,753.3015 | 19,195.0594 | |
| Packs bought in Sep-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,948.5012 | 18,577.3581 | 13,113.4293 | 9,835.072 | 7,649.5004 | 6,010.3217 | 4,917.536 | 3,824.7502 | 3,059.8002 | 2,404.1287 | 1,967.0144 | 1,857.7358 | 0 | 0 | 0 | 0 | 64,474.3606 | 31,690.7874 | |
| Packs bought in Oct-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,086.4131 | 19,498.5249 | 13,763.6646 | 10,322.7485 | 8,028.8044 | 6,308.3463 | 5,161.3742 | 4,014.4022 | 3,211.5218 | 2,523.3385 | 2,064.5497 | 1,949.8525 | 0 | 0 | 0 | 57,348.6027 | 43,584.938 | |
| Packs bought in Nov-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,473.9336 | 19,812.232 | 13,985.1049 | 10,488.8287 | 8,157.9779 | 6,409.8398 | 5,244.4143 | 4,078.9889 | 3,263.1911 | 2,563.9359 | 2,097.7657 | 1,981.2232 | 0 | 0 | 44,286.1655 | 58,271.2705 | |
| Packs bought in Dec-26 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,337.6187 | 19,701.8818 | 13,907.2107 | 10,430.408 | 8,112.5396 | 6,374.1382 | 5,215.204 | 4,056.2698 | 3,245.0158 | 2,549.6553 | 2,086.0816 | 1,970.1882 | 0 | 24,337.6187 | 77,648.5931 | |
| Packs bought in Jan-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,093.939 | 21,933.1887 | 15,482.2509 | 11,611.6881 | 9,031.313 | 7,096.0316 | 5,805.8441 | 4,515.6565 | 3,612.5252 | 2,838.4127 | 2,322.3376 | 2,193.3189 | 0 | 113,536.5063 | |
| Packs bought in Feb-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,529.8468 | 22,286.0665 | 15,731.341 | 11,798.5058 | 9,176.6156 | 7,210.198 | 5,899.2529 | 4,588.3078 | 3,670.6462 | 2,884.0792 | 2,359.7012 | 0 | 113,134.561 | |
| Packs bought in Mar-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,037.175 | 23,506.2846 | 16,592.6715 | 12,444.5036 | 9,679.0583 | 7,604.9744 | 6,222.2518 | 4,839.5292 | 3,871.6233 | 3,041.9898 | 0 | 116,840.0615 | |
| Packs bought in Apr-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,058.6761 | 23,523.6902 | 16,604.9578 | 12,453.7183 | 9,686.2254 | 7,610.6056 | 6,226.8592 | 4,843.1127 | 3,874.4901 | 0 | 113,882.3354 | |
| Packs bought in May-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,917.2866 | 24,218.7558 | 17,095.5923 | 12,821.6942 | 9,972.4289 | 7,835.4798 | 6,410.8471 | 4,986.2144 | 0 | 113,258.2991 | |
| Packs bought in Jun-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,429.8641 | 25,443.2233 | 17,959.9223 | 13,469.9417 | 10,476.6214 | 8,231.6311 | 6,734.9709 | 0 | 113,746.1747 | |
| Packs bought in Jul-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,663.179 | 24,822.5735 | 17,521.8166 | 13,141.3624 | 10,221.0597 | 8,030.8326 | 0 | 104,400.8237 | |
| Packs bought in Aug-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,845.3245 | 23,350.977 | 16,483.0426 | 12,362.2819 | 9,615.1082 | 0 | 90,656.7343 | |
| Packs bought in Sep-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,741.2898 | 29,742.9489 | 20,995.0228 | 15,746.2671 | 0 | 103,225.5286 | |
| Packs bought in Oct-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,563.1234 | 31,217.7666 | 22,036.0705 | 0 | 91,816.9606 | |
| Packs bought in Nov-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,183.5562 | 31,720.0217 | 0 | 70,903.5779 | |
| Packs bought in Dec-27 | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,965.3117 | 0 | 38,965.3117 | |
| CREDITS USED | CREDITS USED BY PACK (EUR face value; A: credit ledger; F: usage curve x pack) | 66,771.5 | 70,109.39 | 73,013.09 | 73,802.24 | 73,694.1 | 76,351.66 | 78,099.69 | 78,231.94 | 82,083.3762 | 86,849.124 | 90,749.0654 | 93,554.3119 | 98,503.1509 | 102,701.0335 | 107,333.8194 | 111,052.4351 | 114,691.5728 | 119,046.0929 | 121,643.8818 | 121,886.861 | 129,687.418 | 137,885.3306 | 144,513.5064 | 149,304.297 | 943,309.4876 | 1,458,249.3993 | |
| Credits used, grossed up for expected breakage | REVENUE AND BREAKAGE | used / (1 - breakage) | 75,876.7045 | 79,669.7614 | 82,969.4205 | 83,866.1818 | 83,743.2955 | 86,763.25 | 88,749.6477 | 88,899.9318 | 93,276.5639 | 98,692.1864 | 103,123.9379 | 106,311.7181 | 111,935.3988 | 116,705.7199 | 121,970.2493 | 126,195.9489 | 130,331.3327 | 135,279.651 | 138,231.6838 | 138,507.7966 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,071,942.5995 | 1,657,101.5902 |
| True-up when a pack expires (actual unused credits less expected breakage) | REVENUE AND BREAKAGE | pack bought 12 months earlier | -365.9086 | 2,292.3973 | -726.3368 | 162.9155 | -1,521.9464 | -1,075.6941 | -405.3118 | -2,490.6591 | -1,912.035 | -2,278.2561 | -547.8552 | -5,064.7473 | 2,602.8713 | -776.6664 | 679.671 | -256.0068 | 3,627.5994 | -3,539.5682 | 62.9232 | -191.0492 | 0 | 0 | 0 | 0 | -13,933.4377 | 2,209.7743 |
| DEVELOPER REVENUE | REVENUE AND BREAKAGE | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,364.5289 | 96,413.9303 | 102,576.0828 | 101,246.9708 | 114,538.27 | 115,929.0535 | 122,649.9204 | 125,939.9421 | 133,958.9321 | 131,740.0828 | 138,294.607 | 138,316.7474 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,058,009.1618 | 1,659,311.3645 | |
| of which breakage recognised | REVENUE AND BREAKAGE | used x breakage / (1 - breakage) + true-up | 8,739.2959 | 11,852.7686 | 9,229.9936 | 10,226.8573 | 8,527.2491 | 9,335.8959 | 10,244.6459 | 8,177.3327 | 9,281.1527 | 9,564.8062 | 11,827.0174 | 7,692.6588 | 16,035.1191 | 13,228.02 | 15,316.1009 | 14,887.5071 | 19,267.3594 | 12,693.9899 | 16,650.7252 | 16,429.8864 | 17,684.6479 | 18,802.5451 | 19,706.3872 | 20,359.6769 | 114,699.6742 | 201,061.9651 |
| Credits expired unused (face value, pack bought 12 months earlier) | REVENUE AND BREAKAGE | memo | 6,779.76 | 8,896.66 | 6,757.08 | 7,994.23 | 7,136.4 | 7,029.23 | 7,292.29 | 5,049.17 | 7,900.77 | 7,659.2386 | 9,084.0727 | 4,870.0919 | 11,551.1979 | 10,176.3368 | 11,744.9945 | 10,053.662 | 13,864.9975 | 7,664.0336 | 11,314.31 | 10,301.9091 | 13,113.4293 | 13,763.6646 | 13,985.1049 | 13,907.2107 | 86,448.9932 | 141,440.8509 |
| Share of that pack expired unused | REVENUE AND BREAKAGE | 11.46% | 15.52% | 10.96% | 12.22% | 10.1% | 10.58% | 11.44% | 8.37% | 9.89% | 9.51% | 11.4% | 6.27% | 14.97% | 11.24% | 12.64% | 11.74% | 15.59% | 8.53% | 12.06% | 11.81% | 12% | 12% | 12% | 12% | 10.64% | 12.22% | |
| CONTRACT LIABILITY: DEVELOPER CREDITS | CONTRACT LIABILITY: DEVELOPER CREDITS | opening + packs - revenue | 210,641.7941 | 219,177.9955 | 229,825.6118 | 231,454.4145 | 238,172.3155 | 242,308.5395 | 247,788.6836 | 248,629.6809 | 266,543.7293 | 284,827.0044 | 298,793.4625 | 313,439.9143 | 327,920.4015 | 343,085.8568 | 358,708.1985 | 371,142.9045 | 379,647.2418 | 397,573.1783 | 405,293.7094 | 404,335.6503 | 431,922.1074 | 458,868.1529 | 481,236.6221 | 497,121.7517 | 313,439.9143 | 497,121.7517 |
| Per pack schedule: packs live less credits used grossed up | CONTRACT LIABILITY: DEVELOPER CREDITS | independent calculation | 210,641.7955 | 219,177.9968 | 229,825.6132 | 231,454.4159 | 238,172.3168 | 242,308.5409 | 247,788.685 | 248,629.6823 | 266,543.7306 | 284,827.0057 | 298,793.4639 | 313,439.9157 | 327,920.4029 | 343,085.8581 | 358,708.1999 | 371,142.9059 | 379,647.2431 | 397,573.1797 | 405,293.7107 | 404,335.6516 | 431,922.1087 | 458,868.1542 | 481,236.6234 | 497,121.753 | 313,439.9157 | 497,121.753 |
| Check: roll-forward less schedule (must be zero) | CONTRACT LIABILITY: DEVELOPER CREDITS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Credits outstanding at face value (memo) | CONTRACT LIABILITY: DEVELOPER CREDITS | packs live less credits used | 286,234.11 | 297,726.42 | 310,846.95 | 314,708.38 | 322,817.13 | 329,260.02 | 337,692.52 | 341,661.68 | 360,956.111 | 381,144.9538 | 397,854.3566 | 415,323.3754 | 434,287.7837 | 452,504.9222 | 471,698.3704 | 488,966.9215 | 502,873.6206 | 525,829.5135 | 538,886.4597 | 544,056.3779 | 576,214.0537 | 608,198.9796 | 636,288.7311 | 658,626.3269 | 415,323.3754 | 658,626.3269 |
| Card charges incl. VAT | CARD SALES, VAT AND USAGE | packs x (1 + 20% x share in France) | 82,574.3182 | 96,833.2452 | 99,393.049 | 91,653.953 | 95,164.9975 | 96,111.4446 | 100,392.1936 | 93,357.7889 | 116,928.0777 | 122,726.0097 | 124,700.5188 | 124,005.9622 | 138,050.0702 | 140,271.1244 | 147,951.3205 | 148,060.8735 | 152,435.6982 | 160,142.6408 | 156,236.1977 | 146,973.7965 | 187,205.6196 | 196,488.2956 | 199,649.5482 | 198,537.5408 | 1,243,841.5584 | 1,972,002.726 |
| Card charges (number of packs) | CARD SALES, VAT AND USAGE | packs / average pack | 514.4817 | 603.3224 | 619.2713 | 571.0527 | 592.9283 | 598.8252 | 625.4965 | 581.6685 | 728.5238 | 764.648 | 776.9503 | 772.6228 | 860.125 | 873.9634 | 921.8151 | 922.4977 | 949.7551 | 997.7735 | 973.4343 | 915.7246 | 1,166.3902 | 1,224.2261 | 1,243.9224 | 1,236.994 | 7,749.7916 | 12,286.6213 |
| Output VAT (customers in France, due on payment) | CARD SALES, VAT AND USAGE | 5,402.0582 | 6,334.8852 | 6,502.349 | 5,996.053 | 6,225.7475 | 6,287.6646 | 6,567.7136 | 6,107.5189 | 7,649.5004 | 8,028.8044 | 8,157.9779 | 8,112.5396 | 9,031.313 | 9,176.6156 | 9,679.0583 | 9,686.2254 | 9,972.4289 | 10,476.6214 | 10,221.0597 | 9,615.1082 | 12,247.0966 | 12,854.3745 | 13,061.1854 | 12,988.4372 | 81,372.8122 | 129,009.5241 | |
| Sales to EU businesses (reverse charge, DES) | CARD SALES, VAT AND USAGE | 30,868.904 | 36,199.344 | 37,156.28 | 34,263.16 | 35,575.7 | 35,929.512 | 37,529.792 | 34,900.108 | 43,711.4309 | 45,878.8821 | 46,617.0164 | 46,357.369 | 51,607.5029 | 52,437.8035 | 55,308.9049 | 55,349.8592 | 56,985.3077 | 59,866.4078 | 58,406.0552 | 54,943.4753 | 69,983.4092 | 73,453.5685 | 74,635.3451 | 74,219.6414 | 464,987.4985 | 737,197.2807 | |
| Units used: Document AI (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 3,024.1 | 3,175.2 | 3,306.8 | 3,342.5 | 3,337.6 | 3,458 | 3,537.1 | 3,543.1 | 3,717.5442 | 3,933.3842 | 4,110.012 | 4,237.0612 | 4,695.9931 | 4,896.121 | 5,116.9822 | 5,294.2618 | 5,467.7523 | 5,675.3477 | 5,799.1934 | 5,810.7771 | 6,182.6572 | 6,573.4807 | 6,889.4692 | 7,117.8631 | 42,722.4017 | 69,519.8989 |
| Units used: Voice AI (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 2,419.3 | 2,540.2 | 2,645.4 | 2,674 | 2,670.1 | 2,766.4 | 2,829.7 | 2,834.5 | 2,974.0354 | 3,146.7074 | 3,288.0096 | 3,389.649 | 3,756.7945 | 3,916.8968 | 4,093.5858 | 4,235.4094 | 4,374.2019 | 4,540.2781 | 4,639.3548 | 4,648.6217 | 4,946.1258 | 5,258.7845 | 5,511.5754 | 5,694.2905 | 34,178.0014 | 55,615.9191 |
| Units used: Agent workspace (thousands) | CARD SALES, VAT AND USAGE | A: metering; F: credits used x mix / list price | 725.8 | 762.1 | 793.6 | 802.2 | 801 | 829.9 | 848.9 | 850.3 | 892.2106 | 944.0122 | 986.4029 | 1,016.8947 | 1,127.0383 | 1,175.069 | 1,228.0757 | 1,270.6228 | 1,312.2606 | 1,362.0834 | 1,391.8064 | 1,394.5865 | 1,483.8377 | 1,577.6354 | 1,653.4726 | 1,708.2872 | 10,253.3204 | 16,684.7757 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Customers at the start of the month | 334 | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 390.7538 | 401.6309 | 411.4294 | 419.4858 | 429.7768 | 439.0011 | 448.5513 | 456.5359 | 464.0148 | 471.6839 | 477.1404 | 479.7439 | 488.4629 | 497.3468 | 505.1927 | ||||
| New customers | A: billing; F: run-rate x seasonality x factor | 22 | 15 | 23 | 13 | 14 | 13 | 8 | 8 | 18.5058 | 18.8485 | 17.9917 | 16.4496 | 18.8485 | 17.9917 | 18.5058 | 17.135 | 16.7923 | 17.135 | 15.0788 | 12.3372 | 18.5058 | 18.8485 | 17.9917 | 16.4496 | 187.7956 | 205.62 | |
| Customers lost | A: billing; F: opening x rate x factor | -13 | -9 | -7 | -9 | -4 | -8 | -11 | -9 | -7.752 | -7.9714 | -8.1933 | -8.3932 | -8.5575 | -8.7674 | -8.9556 | -9.1504 | -9.3133 | -9.4659 | -9.6224 | -9.7337 | -9.7868 | -9.9646 | -10.1459 | -10.3059 | -102.3098 | -113.7695 | |
| CUSTOMERS AT MONTH END | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 390.7538 | 401.6309 | 411.4294 | 419.4858 | 429.7768 | 439.0011 | 448.5513 | 456.5359 | 464.0148 | 471.6839 | 477.1404 | 479.7439 | 488.4629 | 497.3468 | 505.1927 | 511.3363 | 419.4858 | 511.3363 | ||
| Customers lost a month, share of opening | 3.89% | 2.62% | 2.01% | 2.47% | 1.08% | 2.11% | 2.86% | 2.36% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.04% | 2.3% | 2.04% | ||
| Check: billing system less the bridge (actual months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Plan fee per customer a month | A: fees / customers; F: prior x (1 + growth) | 430.9691 | 433.4832 | 434.0744 | 435.2619 | 433.9783 | 436.4922 | 438.2264 | 436.8848 | 437.7586 | 438.6341 | 439.5114 | 440.3904 | 441.2712 | 442.1537 | 443.0381 | 443.9241 | 444.812 | 445.7016 | 446.593 | 447.4862 | 448.3812 | 449.2779 | 450.1765 | 451.0768 | 436.3054 | 446.1577 | |
| PLAN FEES | A: billing; F: customers x fee | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 171,055.841 | 176,169.0299 | 180,827.9112 | 184,737.5461 | 189,648.1382 | 194,105.9944 | 198,725.2982 | 202,667.2846 | 206,399.3539 | 210,230.2816 | 213,087.5536 | 214,678.7752 | 219,017.5789 | 223,446.9345 | 227,425.8569 | 230,651.9756 | 1,996,018.4182 | 2,530,085.0255 | |
| USAGE ABOVE THE ALLOWANCE | A: billing; F: plan fees x driver | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 42,763.9603 | 44,042.2575 | 45,206.9778 | 46,184.3865 | 47,412.0346 | 48,526.4986 | 49,681.3245 | 50,666.8212 | 51,599.8385 | 52,557.5704 | 53,271.8884 | 53,669.6938 | 54,754.3947 | 55,861.7336 | 56,856.4642 | 57,662.9939 | 471,711.9621 | 632,521.2564 | |
| Usage above the allowance, share of plan fees | 22.87% | 21.54% | 20.55% | 20.61% | 22.52% | 24.36% | 24.63% | 25.58% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | 23.63% | 25% | ||
| TEAM REVENUE | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 213,819.8013 | 220,211.2873 | 226,034.889 | 230,921.9326 | 237,060.1728 | 242,632.493 | 248,406.6227 | 253,334.1058 | 257,999.1923 | 262,787.852 | 266,359.4419 | 268,348.469 | 273,771.9737 | 279,308.6681 | 284,282.3211 | 288,314.9695 | 2,467,730.3803 | 3,162,606.2819 | ||
| Allowance used (at list prices) | plan fees x share used | 125,649.0315 | 128,592.7855 | 134,671.569 | 136,519.894 | 139,806.1215 | 142,471.067 | 141,919.604 | 141,113.804 | 145,397.4649 | 149,743.6754 | 153,703.7245 | 157,026.9142 | 161,200.9175 | 164,990.0953 | 168,916.5034 | 172,267.1919 | 175,439.4508 | 178,695.7393 | 181,124.4205 | 182,476.9589 | 186,164.9421 | 189,929.8943 | 193,311.9784 | 196,054.1793 | 1,696,615.6555 | 2,150,572.2717 | |
| Card charges incl. VAT | revenue x (1 + 20% x share in France) | 197,970.8031 | 200,417.8531 | 208,188.0489 | 211,146.5051 | 219,652.3419 | 227,198.183 | 226,824.0296 | 227,251.5276 | 233,063.5834 | 240,030.3032 | 246,378.029 | 251,704.9066 | 258,395.5883 | 264,469.4174 | 270,763.2187 | 276,134.1753 | 281,219.1196 | 286,438.7586 | 290,331.7917 | 292,499.8312 | 298,411.4513 | 304,446.4482 | 309,867.7301 | 314,263.3168 | 2,689,826.1145 | 3,447,240.8473 | |
| Output VAT (customers in France, due on payment) | 16,346.2131 | 16,548.2631 | 17,189.8389 | 17,434.1151 | 18,136.4319 | 18,759.483 | 18,728.5896 | 18,763.8876 | 19,243.7821 | 19,819.0159 | 20,343.14 | 20,782.9739 | 21,335.4155 | 21,836.9244 | 22,356.596 | 22,800.0695 | 23,219.9273 | 23,650.9067 | 23,972.3498 | 24,151.3622 | 24,639.4776 | 25,137.7801 | 25,585.4089 | 25,948.3473 | 222,095.7342 | 284,634.5654 | ||
| Sales to EU businesses (reverse charge, DES) | 63,568.6065 | 64,354.3565 | 66,849.3735 | 67,799.3365 | 70,530.5685 | 72,953.545 | 72,833.404 | 72,970.674 | 74,836.9305 | 77,073.9506 | 79,112.2112 | 80,822.6764 | 82,971.0605 | 84,921.3726 | 86,942.3179 | 88,666.937 | 90,299.7173 | 91,975.7482 | 93,225.8047 | 93,921.9641 | 95,820.1908 | 97,758.0338 | 99,498.8124 | 100,910.2393 | 863,705.6331 | 1,106,912.1987 | ||
| Units used: Document AI (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 5,777.2 | 5,839.7 | 6,059.2 | 6,145.7 | 6,407.4 | 6,641.2 | 6,632.3 | 6,651.6 | 6,817.4429 | 7,021.2295 | 7,206.9095 | 7,362.7283 | 7,956.2529 | 8,143.2721 | 8,337.0644 | 8,502.4414 | 8,659.0118 | 8,819.7296 | 8,939.5999 | 9,006.3559 | 9,188.3805 | 9,374.204 | 9,541.1305 | 9,676.475 | 78,562.6102 | 106,143.9179 | |
| Units used: Voice AI (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 4,814.3 | 4,866.4 | 5,049.3 | 5,121.4 | 5,339.5 | 5,534.3 | 5,526.9 | 5,543 | 5,681.2024 | 5,851.0245 | 6,005.7579 | 6,135.6069 | 6,630.2108 | 6,786.0601 | 6,947.5536 | 7,085.3678 | 7,215.8432 | 7,349.7747 | 7,449.6666 | 7,505.2966 | 7,656.9838 | 7,811.8366 | 7,950.9421 | 8,063.7291 | 65,468.6918 | 88,453.2649 | |
| Units used: Agent workspace (thousands) | A: metering; F: (allowance used + usage above) x mix / list | 3,033 | 3,065.9 | 3,181.1 | 3,226.5 | 3,363.9 | 3,486.6 | 3,481.9 | 3,492.1 | 3,579.1575 | 3,686.1455 | 3,783.6275 | 3,865.4324 | 4,177.0328 | 4,275.2178 | 4,376.9588 | 4,463.7817 | 4,545.9812 | 4,630.358 | 4,693.2899 | 4,728.3369 | 4,823.8998 | 4,921.4571 | 5,009.0935 | 5,080.1493 | 41,245.3628 | 55,725.5569 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E01 Tervane Assurances | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 41,354.1521 | 42,491.3913 | 43,659.9046 | 44,860.5519 | 46,094.2171 | 47,361.8081 | 48,664.2578 | 50,002.5249 | 51,377.5943 | 50,678.8591 | 52,072.5277 | 53,504.5222 | 54,975.8966 | 56,487.7337 | 58,041.1464 | 59,637.2779 | 443,762.6299 | 628,898.3658 |
| E02 Draxholm Logistik | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 18,568.736 | 18,081.3067 | 18,533.3393 | 18,996.6728 | 19,471.5897 | 19,958.3794 | 20,457.3389 | 20,968.7723 | 21,492.9917 | 22,030.3164 | 22,581.0744 | 23,145.6012 | 23,724.2413 | 23,101.4799 | 23,679.0169 | 24,270.9923 | 212,463.2849 | 264,881.7944 |
| E03 Lunedo Banca | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 35,111.6275 | 35,901.6391 | 36,709.426 | 37,535.3881 | 38,379.9343 | 37,281.3087 | 38,120.1381 | 38,977.8412 | 39,854.8427 | 40,751.5766 | 41,668.4871 | 42,606.0281 | 43,564.6637 | 44,544.8686 | 45,547.1282 | 46,571.9386 | 390,452.0707 | 497,868.756 |
| E04 Kellbrook Utilities | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 13,618.17 | 15,121.65 | 15,187.01 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 14,950.5179 | 15,268.2164 | 15,592.666 | 15,924.0101 | 16,262.3954 | 16,607.9713 | 16,960.8906 | 15,935.6048 | 16,274.2364 | 16,620.0639 | 16,973.2403 | 17,333.9217 | 17,702.2675 | 18,078.4407 | 18,462.6075 | 18,854.9379 | 182,272.4104 | 206,066.578 |
| E05 Ambrelle Sante | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 14,835.98 | 15,921.18 | 16,481.85 | 16,873.2939 | 17,274.0347 | 17,684.293 | 18,104.295 | 18,534.272 | 18,974.4609 | 19,425.1044 | 19,886.4506 | 20,358.7538 | 20,842.2742 | 20,483.7871 | 20,970.277 | 21,468.3211 | 21,978.1937 | 22,500.1758 | 23,034.555 | 192,899.7865 | 248,456.6256 |
| E06 Veskari Telecom | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 17,035.62 | 16,507.5158 | 16,837.6661 | 17,174.4194 | 17,517.9078 | 17,868.266 | 18,225.6313 | 18,590.1439 | 18,961.9468 | 19,341.1857 | 19,728.0094 | 20,122.5696 | 20,525.021 | 19,888.7454 | 20,286.5203 | 20,692.2507 | 21,106.0957 | 192,055.2591 | 235,336.3857 |
| E07 Oisterra Energia | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 14,680.3597 | 15,010.6678 | 14,580.9874 | 14,909.0596 | 15,244.5135 | 15,587.515 | 15,938.2341 | 16,296.8444 | 16,663.5234 | 17,038.4527 | 17,421.8179 | 17,813.8088 | 18,214.6195 | 18,624.4484 | 18,091.3236 | 18,498.3783 | 180,280.7646 | 205,433.4795 |
| E08 Pravenza Retail | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | 0 |
| E09 Solberre Mutuelle | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,445.85 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 13,533.0135 | 13,871.3388 | 14,218.1223 | 14,573.5754 | 14,937.9148 | 14,698.9081 | 15,066.3808 | 15,443.0403 | 15,829.1163 | 16,224.8443 | 16,630.4654 | 17,046.227 | 17,472.3827 | 17,909.1922 | 18,356.922 | 18,815.8451 | 169,888.8 | 198,431.239 |
| E10 Ivarone Insurance | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 14,886.68 | 15,829.89 | 17,869.82 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 18,584.5562 | 19,072.4008 | 19,573.0514 | 20,086.844 | 20,614.1236 | 21,155.2444 | 21,710.5695 | 21,166.4484 | 21,722.0676 | 22,292.2719 | 22,877.4441 | 23,477.977 | 24,094.2739 | 24,726.7485 | 25,375.8257 | 26,041.9411 | 210,903.5924 | 275,254.9357 |
| E11 Mercadel Foods | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 9,199.87 | 9,997.67 | 10,470.53 | 11,996.73 | 12,296.6483 | 12,604.0645 | 12,919.1661 | 13,242.1452 | 13,573.1988 | 13,912.5288 | 14,260.342 | 14,616.8506 | 14,982.2719 | 14,588.9872 | 14,953.7119 | 15,327.5547 | 15,710.7436 | 16,103.5122 | 16,506.1 | 16,918.7525 | 125,813.184 | 181,454.5541 |
| E12 Halvesta Travel | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 11,833.15 | 11,573.31 | 11,848.1761 | 12,129.5703 | 12,417.6476 | 12,712.5667 | 13,014.4902 | 13,323.5843 | 13,640.0194 | 13,963.9699 | 14,295.6142 | 14,635.135 | 14,982.7195 | 14,571.6311 | 14,917.7074 | 15,272.0029 | 15,634.713 | 16,006.0374 | 137,251.0907 | 174,257.6244 |
| E13 Varnholm Freight | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 10,719.2807 | 10,573.4985 | 10,864.2697 | 11,163.0371 | 11,470.0207 | 11,785.4462 | 12,109.546 | 12,442.5585 | 12,784.7289 | 13,136.3089 | 13,497.5574 | 13,868.7402 | 14,250.1306 | 14,056.3288 | 14,442.8779 | 14,840.057 | 121,300.1861 | 158,684.3011 |
| E14 Brevalle Logistique | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 13,145.0208 | 13,637.959 | 14,149.3825 | 14,679.9843 | 15,230.4838 | 15,801.6269 | 16,394.1879 | 15,648.2524 | 16,235.0618 | 16,843.8766 | 17,475.522 | 18,130.8541 | 18,810.7611 | 19,516.1647 | 20,248.0208 | 21,007.3216 | 115,033.1767 | 211,342.1338 |
| E15 Maltessa Telecom | USAGE BY ACCOUNT (EUR at contracted prices) | A: metering; F: growth, renewal at probability | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 16,607.8913 | 17,448.6658 | 18,332.0045 | 19,260.0622 | 19,982.3145 | 20,731.6513 | 21,509.0882 | 22,315.6791 | 23,152.517 | 24,020.7364 | 22,927.7929 | 23,787.5851 | 24,679.6196 | 25,605.1053 | 26,565.2968 | 27,561.4954 | 101,456.2537 | 282,838.8817 |
| P01 Grevon Assurances (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,340 | 11,914.0875 | 12,517.2382 | 13,150.9234 | 13,816.6889 | 14,516.1587 | 15,060.5147 | 15,625.284 | 16,211.2321 | 16,819.1533 | 17,449.8716 | 18,104.2418 | 17,280.4988 | 17,928.5175 | 23,254.0875 | 188,480.3229 |
| P02 Aldebrink Logistics (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,020 | 7,375.3875 | 7,748.7665 | 8,141.0478 | 8,553.1883 | 8,986.1935 | 9,323.1758 | 9,672.7948 | 10,035.5247 | 10,411.8568 | 10,802.3015 | 11,207.3878 | 10,697.4516 | 7,020 | 112,955.0766 |
| P03 Serranova Banca (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,395 | 10,921.2469 | 11,474.135 | 12,055.0131 | 12,665.2981 | 13,306.4788 | 13,805.4718 | 14,323.177 | 14,860.2961 | 15,417.5572 | 15,995.7156 | 0 | 145,219.3897 |
| P04 Kettelby Water (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,860 | 5,106.0375 | 5,364.5306 | 5,636.11 | 5,921.4381 | 6,221.2109 | 6,454.5063 | 6,696.5503 | 6,947.6709 | 7,208.2086 | 0 | 60,416.2632 |
| P05 Vanthor Energie (pipeline) | USAGE BY ACCOUNT (EUR at contracted prices) | win probability x usage from the start | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,100 | 8,510.0625 | 8,940.8844 | 9,393.5167 | 9,869.0635 | 10,368.6848 | 10,757.5105 | 11,160.9171 | 0 | 77,100.6395 |
| E01 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 489,600 | 489,600 | 489,600 | 489,600 | 489,600 | 489,600 | 489,600 | 380,000 | 489,600 |
| E02 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 294,500 | 313,500 | 313,500 | 313,500 | 294,500 | 313,500 |
| E03 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 300,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 361,000 | 320,000 | 361,000 |
| E04 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 190,000 | 190,000 | 190,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 220,800 | 210,000 | 220,800 |
| E05 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 260,000 | 278,400 | 278,400 | 278,400 | 278,400 | 278,400 | 278,400 | 260,000 | 278,400 |
| E06 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 237,500 | 256,500 | 256,500 | 256,500 | 256,500 | 237,500 | 256,500 |
| E07 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 180,500 | 190,000 | 190,000 | 180,500 | 190,000 |
| E08 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 160,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E09 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 180,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 201,600 | 190,000 | 201,600 |
| E10 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 160,000 | 160,000 | 160,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 199,500 | 199,500 | 199,500 | 199,500 | 199,500 | 199,500 | 199,500 | 199,500 | 199,500 | 170,000 | 199,500 |
| E11 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 142,500 | 142,500 | 142,500 | 142,500 | 142,500 | 142,500 | 142,500 | 130,000 | 142,500 |
| E12 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 161,500 | 161,500 | 161,500 | 161,500 | 161,500 | 150,000 | 161,500 |
| E13 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 163,200 | 172,800 | 172,800 | 172,800 | 163,200 | 172,800 |
| E14 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 0 | 0 | 0 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 248,400 | 248,400 | 248,400 | 248,400 | 248,400 | 248,400 | 248,400 | 248,400 | 248,400 | 240,000 | 248,400 |
| E15 | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | A: contracts; F: renewal at uplift x probability | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 312,800 | 312,800 | 312,800 | 312,800 | 312,800 | 312,800 | 300,000 | 312,800 |
| P01 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 252,000 | 257,600 | 257,600 | 252,000 | 257,600 | |
| P02 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,000 | 156,400 | 156,000 | 156,400 | |
| P03 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 231,000 | 0 | 231,000 | |
| P04 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 108,000 | 0 | 108,000 | |
| P05 (pipeline) | ANNUAL COMMITMENT OF THE CONTRACT YEAR BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | 180,000 | 0 | 180,000 | |
| E01 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 240,341.09 | 270,158.4 | 299,641.55 | 331,999.77 | 365,059.34 | 35,682.11 | 76,630.28 | 116,877.63 | 158,231.7821 | 200,723.1734 | 244,383.078 | 289,243.6299 | 335,337.8471 | 382,699.6552 | 431,363.913 | 481,366.4379 | 532,744.0322 | 50,678.8591 | 102,751.3867 | 156,255.9089 | 211,231.8055 | 267,719.5392 | 325,760.6856 | 385,397.9635 | 289,243.6299 | 385,397.9635 | |
| E02 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 63,957.21 | 79,614.76 | 97,347 | 114,259.76 | 130,821.73 | 150,140.88 | 168,486.75 | 186,602.59 | 205,171.326 | 18,081.3067 | 36,614.646 | 55,611.3189 | 75,082.9085 | 95,041.2879 | 115,498.6268 | 136,467.3991 | 157,960.3908 | 179,990.7072 | 202,571.7816 | 225,717.3828 | 249,441.6241 | 23,101.4799 | 46,780.4968 | 71,051.4892 | 55,611.3189 | 71,051.4892 | |
| E03 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 305,087.31 | 27,589.77 | 56,240.13 | 86,840.5 | 118,680.21 | 149,078.88 | 184,003.84 | 218,342.84 | 253,454.4675 | 289,356.1066 | 326,065.5326 | 363,600.9207 | 401,980.855 | 37,281.3087 | 75,401.4468 | 114,379.2881 | 154,234.1308 | 194,985.7074 | 236,654.1945 | 279,260.2226 | 322,824.8863 | 367,369.7549 | 412,916.8831 | 459,488.8217 | 363,600.9207 | 459,488.8217 | |
| E04 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 128,905.33 | 144,026.98 | 159,213.99 | 14,753.92 | 29,971.34 | 45,716.65 | 61,970.74 | 76,610.17 | 91,560.6879 | 106,828.9043 | 122,421.5703 | 138,345.5804 | 154,607.9758 | 171,215.947 | 188,176.8377 | 15,935.6048 | 32,209.8412 | 48,829.9052 | 65,803.1455 | 83,137.0671 | 100,839.3346 | 118,917.7753 | 137,380.3828 | 156,235.3207 | 138,345.5804 | 156,235.3207 | |
| E05 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 111,978.63 | 127,835.76 | 143,220.54 | 157,278.26 | 172,167.55 | 187,003.53 | 15,921.18 | 32,403.03 | 49,276.3239 | 66,550.3586 | 84,234.6516 | 102,338.9465 | 120,873.2185 | 139,847.6794 | 159,272.7838 | 179,159.2344 | 199,517.9882 | 220,360.2624 | 20,483.7871 | 41,454.0641 | 62,922.3852 | 84,900.5789 | 107,400.7548 | 130,435.3098 | 102,338.9465 | 130,435.3098 | |
| E06 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 77,581.1 | 93,932.35 | 108,375.94 | 122,447.44 | 136,949.32 | 151,590.4 | 168,049.62 | 185,085.24 | 16,507.5158 | 33,345.1819 | 50,519.6013 | 68,037.5091 | 85,905.7751 | 104,131.4063 | 122,721.5502 | 141,683.497 | 161,024.6828 | 180,752.6922 | 200,875.2618 | 221,400.2828 | 19,888.7454 | 40,175.2656 | 60,867.5163 | 81,973.612 | 68,037.5091 | 81,973.612 | |
| E07 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 40,593.81 | 55,786.61 | 70,697.39 | 86,028.4 | 102,185.91 | 117,733.81 | 132,831.37 | 147,188.69 | 161,869.0497 | 176,879.7175 | 14,580.9874 | 29,490.0471 | 44,734.5606 | 60,322.0756 | 76,260.3097 | 92,557.1541 | 109,220.6775 | 126,259.1302 | 143,680.948 | 161,494.7568 | 179,709.3763 | 198,333.8247 | 18,091.3236 | 36,589.7019 | 29,490.0471 | 36,589.7019 | |
| E08 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 152,582.89 | 168,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 143,121.62 | 14,800.59 | 28,341 | 42,728.44 | 56,828.27 | 70,829.72 | 86,043.96 | 99,246.9 | 112,779.9135 | 126,651.2523 | 140,869.3746 | 155,442.95 | 170,380.8648 | 14,698.9081 | 29,765.2889 | 45,208.3293 | 61,037.4456 | 77,262.2899 | 93,892.7552 | 110,938.9822 | 128,411.3649 | 146,320.5571 | 164,677.4792 | 183,493.3243 | 155,442.95 | 183,493.3243 | |
| E10 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 113,873.72 | 129,703.61 | 147,573.43 | 17,854.46 | 33,885.56 | 49,828.07 | 66,891.16 | 85,000.35 | 103,584.9062 | 122,657.3071 | 142,230.3584 | 162,317.2024 | 182,931.326 | 204,086.5704 | 225,797.1399 | 21,166.4484 | 42,888.516 | 65,180.7879 | 88,058.232 | 111,536.209 | 135,630.4828 | 160,357.2314 | 185,733.0571 | 211,774.9982 | 162,317.2024 | 211,774.9982 | |
| E11 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 59,500.54 | 67,760.74 | 75,872.25 | 84,421.65 | 93,621.52 | 9,997.67 | 20,468.2 | 32,464.93 | 44,761.5782 | 57,365.6427 | 70,284.8088 | 83,526.954 | 97,100.1528 | 111,012.6817 | 125,273.0237 | 139,889.8743 | 154,872.1462 | 14,588.9872 | 29,542.6991 | 44,870.2538 | 60,580.9974 | 76,684.5095 | 93,190.6095 | 110,109.362 | 83,526.954 | 110,109.362 | |
| E12 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 50,302.53 | 60,412.31 | 71,534.64 | 83,112.15 | 93,749.7 | 106,071.34 | 117,904.49 | 11,573.31 | 23,421.4861 | 35,551.0564 | 47,968.704 | 60,681.2707 | 73,695.7609 | 87,019.3452 | 100,659.3647 | 114,623.3346 | 128,918.9488 | 143,554.0838 | 158,536.8033 | 14,571.6311 | 29,489.3385 | 44,761.3414 | 60,396.0544 | 76,402.0918 | 60,681.2707 | 76,402.0918 | |
| E13 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 35,314.83 | 44,148.84 | 54,438.9 | 64,213.11 | 73,684.35 | 83,655.45 | 94,080.44 | 104,512.83 | 115,232.1107 | 10,573.4985 | 21,437.7682 | 32,600.8054 | 44,070.826 | 55,856.2722 | 67,965.8182 | 80,408.3767 | 93,193.1056 | 106,329.4145 | 119,826.9719 | 133,695.7122 | 147,945.8427 | 14,056.3288 | 28,499.2067 | 43,339.2637 | 32,600.8054 | 43,339.2637 | |
| E14 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 11,000 | 22,796.33 | 35,495.32 | 46,909.21 | 59,420.83 | 72,565.8508 | 86,203.8098 | 100,353.1923 | 115,033.1767 | 130,263.6604 | 146,065.2873 | 162,459.4752 | 15,648.2524 | 31,883.3142 | 48,727.1908 | 66,202.7129 | 84,333.5669 | 103,144.3281 | 122,660.4927 | 142,908.5136 | 163,915.8352 | 115,033.1767 | 163,915.8352 | |
| E15 | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 29,807.63 | 46,415.5213 | 63,864.187 | 82,196.1915 | 101,456.2537 | 121,438.5682 | 142,170.2195 | 163,679.3078 | 185,994.9868 | 209,147.5039 | 233,168.2403 | 22,927.7929 | 46,715.378 | 71,394.9976 | 97,000.1029 | 123,565.3997 | 151,126.8951 | 101,456.2537 | 151,126.8951 | |
| P01 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,340 | 23,254.0875 | 35,771.3257 | 48,922.249 | 62,738.9379 | 77,255.0966 | 92,315.6113 | 107,940.8953 | 124,152.1274 | 140,971.2808 | 158,421.1524 | 176,525.3941 | 17,280.4988 | 35,209.0162 | 23,254.0875 | 35,209.0162 | |
| P02 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,020 | 14,395.3875 | 22,144.154 | 30,285.2018 | 38,838.3901 | 47,824.5836 | 57,147.7594 | 66,820.5542 | 76,856.0789 | 87,267.9357 | 98,070.2372 | 109,277.6249 | 10,697.4516 | 7,020 | 10,697.4516 | |
| P03 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,395 | 21,316.2469 | 32,790.3819 | 44,845.395 | 57,510.6931 | 70,817.1719 | 84,622.6437 | 98,945.8207 | 113,806.1168 | 129,223.674 | 145,219.3897 | 0 | 145,219.3897 | |
| P04 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,860 | 9,966.0375 | 15,330.5681 | 20,966.6782 | 26,888.1162 | 33,109.3271 | 39,563.8334 | 46,260.3837 | 53,208.0546 | 60,416.2632 | 0 | 60,416.2632 | |
| P05 (pipeline) | USAGE IN THE CONTRACT YEAR TO DATE BY ACCOUNT (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,100 | 16,610.0625 | 25,550.9469 | 34,944.4636 | 44,813.5271 | 55,182.2119 | 65,939.7224 | 77,100.6395 | 0 | 77,100.6395 | |
| E01 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 87,500 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 372,500 | 462,200 | |
| E02 | COMMITMENT BILLED (quarterly in advance from the contract start) | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 73,625 | 0 | 0 | 73,625 | 0 | 0 | 73,625 | 0 | 0 | 73,625 | 0 | 0 | 78,375 | 0 | 0 | 283,625 | 299,250 | |
| E03 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 90,250 | 0 | 0 | 90,250 | 0 | 0 | 90,250 | 0 | 0 | 90,250 | 0 | 320,000 | 361,000 | |
| E04 | COMMITMENT BILLED (quarterly in advance from the contract start) | 47,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 205,000 | 218,100 | |
| E05 | COMMITMENT BILLED (quarterly in advance from the contract start) | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 69,600 | 0 | 0 | 69,600 | 0 | 0 | 250,000 | 269,200 | |
| E06 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 55,000 | 0 | 0 | 55,000 | 0 | 0 | 59,375 | 0 | 0 | 59,375 | 0 | 0 | 59,375 | 0 | 0 | 59,375 | 0 | 0 | 64,125 | 0 | 0 | 64,125 | 228,750 | 247,000 | |
| E07 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 45,125 | 0 | 0 | 45,125 | 0 | 0 | 45,125 | 0 | 0 | 45,125 | 0 | 0 | 47,500 | 0 | 172,625 | 182,875 | |
| E08 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 50,400 | 0 | 0 | 50,400 | 0 | 0 | 50,400 | 0 | 0 | 50,400 | 0 | 190,000 | 201,600 | |
| E10 | COMMITMENT BILLED (quarterly in advance from the contract start) | 40,000 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 49,875 | 0 | 0 | 49,875 | 0 | 0 | 49,875 | 0 | 0 | 167,500 | 192,125 | |
| E11 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 30,000 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 35,625 | 0 | 0 | 35,625 | 0 | 0 | 35,625 | 127,500 | 139,375 | |
| E12 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 35,000 | 0 | 0 | 35,000 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 40,375 | 0 | 0 | 40,375 | 0 | 145,000 | 155,750 | |
| E13 | COMMITMENT BILLED (quarterly in advance from the contract start) | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 40,800 | 0 | 0 | 40,800 | 0 | 0 | 40,800 | 0 | 0 | 40,800 | 0 | 0 | 43,200 | 0 | 0 | 153,300 | 165,600 | |
| E14 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 62,100 | 0 | 0 | 62,100 | 0 | 0 | 62,100 | 0 | 0 | 180,000 | 246,300 | |
| E15 | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 78,200 | 0 | 0 | 78,200 | 0 | 0 | 150,000 | 306,400 | |
| P01 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63,000 | 0 | 0 | 63,000 | 0 | 0 | 63,000 | 0 | 0 | 63,000 | 0 | 0 | 64,400 | 0 | 63,000 | 253,400 | |
| P02 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,000 | 0 | 0 | 39,000 | 0 | 0 | 39,000 | 0 | 0 | 39,000 | 0 | 0 | 39,100 | 39,000 | 156,100 | |
| P03 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,750 | 0 | 0 | 57,750 | 0 | 0 | 57,750 | 0 | 0 | 57,750 | 0 | 0 | 231,000 | |
| P04 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 108,000 | |
| P05 (pipeline) | COMMITMENT BILLED (quarterly in advance from the contract start) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | 0 | 0 | 45,000 | 0 | 0 | 45,000 | 0 | 0 | 135,000 | |
| E01 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 15,059.34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,699.6552 | 48,664.2578 | 50,002.5249 | 51,377.5943 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,059.34 | 152,744.0322 | |
| E02 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E03 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 5,087.31 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,065.5326 | 37,535.3881 | 38,379.9343 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,369.7549 | 45,547.1282 | 46,571.9386 | 48,688.2307 | 136,868.756 | |
| E04 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E05 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E06 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E07 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,879.7175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,833.8247 | 0 | 0 | 6,879.7175 | 17,833.8247 | |
| E08 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 8,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,216.42 | 0 | |
| E09 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E10 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,931.326 | 21,155.2444 | 21,710.5695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,274.9982 | 0 | 68,072.1381 | |
| E11 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,889.8743 | 14,982.2719 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,872.1462 | |
| E12 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,536.8033 | 0 | 0 | 0 | 0 | 0 | 0 | 8,536.8033 | |
| E13 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E14 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E15 | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P01 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P02 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P03 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P04 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P05 (pipeline) | USAGE ABOVE THE COMMITMENT BILLED (monthly in arrears) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E01 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E02 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74,828.674 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,058.3759 | 0 | 0 | 0 | 74,828.674 | 45,058.3759 | |
| E03 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E04 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 30,786.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,823.1623 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,786.01 | 21,823.1623 | |
| E05 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 52,996.47 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,639.7376 | 0 | 0 | 0 | 0 | 0 | 0 | 52,996.47 | 39,639.7376 | |
| E06 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,914.76 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,099.7172 | 0 | 0 | 0 | 0 | 34,914.76 | 16,099.7172 | |
| E07 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E08 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E09 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 36,878.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,619.1352 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,878.38 | 19,619.1352 | |
| E10 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 12,426.57 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,426.57 | 0 | |
| E11 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 26,378.48 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,378.48 | 0 | |
| E12 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 22,095.51 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,095.51 | 0 | |
| E13 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,767.8893 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,254.1573 | 0 | 0 | 0 | 34,767.8893 | 15,254.1573 | |
| E14 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77,540.5248 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77,540.5248 | |
| E15 | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,831.7597 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 66,831.7597 | |
| P01 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,474.6059 | 0 | 0 | 0 | 75,474.6059 | |
| P02 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46,722.3751 | 0 | 0 | 46,722.3751 | |
| P03 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P04 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| P05 (pipeline) | UNUSED COMMITMENT RECOGNISED AT THE END OF THE CONTRACT YEAR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| E01 | REVENUE BY ACCOUNT (usage + unused commitment) | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 41,354.1521 | 42,491.3913 | 43,659.9046 | 44,860.5519 | 46,094.2171 | 47,361.8081 | 48,664.2578 | 50,002.5249 | 51,377.5943 | 50,678.8591 | 52,072.5277 | 53,504.5222 | 54,975.8966 | 56,487.7337 | 58,041.1464 | 59,637.2779 | 443,762.6299 | 628,898.3658 | |
| E02 | REVENUE BY ACCOUNT (usage + unused commitment) | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 93,397.41 | 18,081.3067 | 18,533.3393 | 18,996.6728 | 19,471.5897 | 19,958.3794 | 20,457.3389 | 20,968.7723 | 21,492.9917 | 22,030.3164 | 22,581.0744 | 23,145.6012 | 68,782.6172 | 23,101.4799 | 23,679.0169 | 24,270.9923 | 287,291.9589 | 309,940.1703 | |
| E03 | REVENUE BY ACCOUNT (usage + unused commitment) | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 35,111.6275 | 35,901.6391 | 36,709.426 | 37,535.3881 | 38,379.9343 | 37,281.3087 | 38,120.1381 | 38,977.8412 | 39,854.8427 | 40,751.5766 | 41,668.4871 | 42,606.0281 | 43,564.6637 | 44,544.8686 | 45,547.1282 | 46,571.9386 | 390,452.0707 | 497,868.756 | |
| E04 | REVENUE BY ACCOUNT (usage + unused commitment) | 13,618.17 | 15,121.65 | 45,973.02 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 14,950.5179 | 15,268.2164 | 15,592.666 | 15,924.0101 | 16,262.3954 | 16,607.9713 | 38,784.053 | 15,935.6048 | 16,274.2364 | 16,620.0639 | 16,973.2403 | 17,333.9217 | 17,702.2675 | 18,078.4407 | 18,462.6075 | 18,854.9379 | 213,058.4204 | 227,889.7403 | |
| E05 | REVENUE BY ACCOUNT (usage + unused commitment) | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 67,832.45 | 15,921.18 | 16,481.85 | 16,873.2939 | 17,274.0347 | 17,684.293 | 18,104.295 | 18,534.272 | 18,974.4609 | 19,425.1044 | 19,886.4506 | 20,358.7538 | 60,482.0118 | 20,483.7871 | 20,970.277 | 21,468.3211 | 21,978.1937 | 22,500.1758 | 23,034.555 | 245,896.2565 | 288,096.3632 | |
| E06 | REVENUE BY ACCOUNT (usage + unused commitment) | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 51,950.38 | 16,507.5158 | 16,837.6661 | 17,174.4194 | 17,517.9078 | 17,868.266 | 18,225.6313 | 18,590.1439 | 18,961.9468 | 19,341.1857 | 19,728.0094 | 20,122.5696 | 36,624.7382 | 19,888.7454 | 20,286.5203 | 20,692.2507 | 21,106.0957 | 226,970.0191 | 251,436.1029 | |
| E07 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 14,680.3597 | 15,010.6678 | 14,580.9874 | 14,909.0596 | 15,244.5135 | 15,587.515 | 15,938.2341 | 16,296.8444 | 16,663.5234 | 17,038.4527 | 17,421.8179 | 17,813.8088 | 18,214.6195 | 18,624.4484 | 18,091.3236 | 18,498.3783 | 180,280.7646 | 205,433.4795 | |
| E08 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | 0 | |
| E09 | REVENUE BY ACCOUNT (usage + unused commitment) | 51,324.23 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 13,533.0135 | 13,871.3388 | 14,218.1223 | 14,573.5754 | 34,557.05 | 14,698.9081 | 15,066.3808 | 15,443.0403 | 15,829.1163 | 16,224.8443 | 16,630.4654 | 17,046.227 | 17,472.3827 | 17,909.1922 | 18,356.922 | 18,815.8451 | 206,767.18 | 218,050.3743 | |
| E10 | REVENUE BY ACCOUNT (usage + unused commitment) | 14,886.68 | 15,829.89 | 30,296.39 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 18,584.5562 | 19,072.4008 | 19,573.0514 | 20,086.844 | 20,614.1236 | 21,155.2444 | 21,710.5695 | 21,166.4484 | 21,722.0676 | 22,292.2719 | 22,877.4441 | 23,477.977 | 24,094.2739 | 24,726.7485 | 25,375.8257 | 26,041.9411 | 223,330.1624 | 275,254.9357 | |
| E11 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 35,578.35 | 9,997.67 | 10,470.53 | 11,996.73 | 12,296.6483 | 12,604.0645 | 12,919.1661 | 13,242.1452 | 13,573.1988 | 13,912.5288 | 14,260.342 | 14,616.8506 | 14,982.2719 | 14,588.9872 | 14,953.7119 | 15,327.5547 | 15,710.7436 | 16,103.5122 | 16,506.1 | 16,918.7525 | 152,191.664 | 181,454.5541 | |
| E12 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 33,928.66 | 11,573.31 | 11,848.1761 | 12,129.5703 | 12,417.6476 | 12,712.5667 | 13,014.4902 | 13,323.5843 | 13,640.0194 | 13,963.9699 | 14,295.6142 | 14,635.135 | 14,982.7195 | 14,571.6311 | 14,917.7074 | 15,272.0029 | 15,634.713 | 16,006.0374 | 159,346.6007 | 174,257.6244 | |
| E13 | REVENUE BY ACCOUNT (usage + unused commitment) | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 45,487.17 | 10,573.4985 | 10,864.2697 | 11,163.0371 | 11,470.0207 | 11,785.4462 | 12,109.546 | 12,442.5585 | 12,784.7289 | 13,136.3089 | 13,497.5574 | 13,868.7402 | 29,504.2878 | 14,056.3288 | 14,442.8779 | 14,840.057 | 156,068.0754 | 173,938.4583 | |
| E14 | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 13,145.0208 | 13,637.959 | 14,149.3825 | 14,679.9843 | 15,230.4838 | 15,801.6269 | 93,934.7127 | 15,648.2524 | 16,235.0618 | 16,843.8766 | 17,475.522 | 18,130.8541 | 18,810.7611 | 19,516.1647 | 20,248.0208 | 21,007.3216 | 115,033.1767 | 288,882.6585 | |
| E15 | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 16,607.8913 | 17,448.6658 | 18,332.0045 | 19,260.0622 | 19,982.3145 | 20,731.6513 | 21,509.0882 | 22,315.6791 | 23,152.517 | 90,852.4961 | 22,927.7929 | 23,787.5851 | 24,679.6196 | 25,605.1053 | 26,565.2968 | 27,561.4954 | 101,456.2537 | 349,670.6414 | |
| P01 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,340 | 11,914.0875 | 12,517.2382 | 13,150.9234 | 13,816.6889 | 14,516.1587 | 15,060.5147 | 15,625.284 | 16,211.2321 | 16,819.1533 | 17,449.8716 | 93,578.8476 | 17,280.4988 | 17,928.5175 | 23,254.0875 | 263,954.9287 | |
| P02 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,020 | 7,375.3875 | 7,748.7665 | 8,141.0478 | 8,553.1883 | 8,986.1935 | 9,323.1758 | 9,672.7948 | 10,035.5247 | 10,411.8568 | 10,802.3015 | 57,929.7628 | 10,697.4516 | 7,020 | 159,677.4516 | |
| P03 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,395 | 10,921.2469 | 11,474.135 | 12,055.0131 | 12,665.2981 | 13,306.4788 | 13,805.4718 | 14,323.177 | 14,860.2961 | 15,417.5572 | 15,995.7156 | 0 | 145,219.3897 | |
| P04 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,860 | 5,106.0375 | 5,364.5306 | 5,636.11 | 5,921.4381 | 6,221.2109 | 6,454.5063 | 6,696.5503 | 6,947.6709 | 7,208.2086 | 0 | 60,416.2632 | |
| P05 (pipeline) | REVENUE BY ACCOUNT (usage + unused commitment) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,100 | 8,510.0625 | 8,940.8844 | 9,393.5167 | 9,869.0635 | 10,368.6848 | 10,757.5105 | 11,160.9171 | 0 | 77,100.6395 | |
| E01 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 87,500 | 0 | 15,059.34 | 95,000 | 0 | 0 | 95,000 | 0 | 0 | 95,000 | 0 | 2,699.6552 | 143,664.2578 | 50,002.5249 | 51,377.5943 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 387,559.34 | 614,944.0322 | |
| E02 | BILLING BY ACCOUNT (commitment + usage above it) | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 70,000 | 0 | 0 | 73,625 | 0 | 0 | 73,625 | 0 | 0 | 73,625 | 0 | 0 | 73,625 | 0 | 0 | 78,375 | 0 | 0 | 283,625 | 299,250 | |
| E03 | BILLING BY ACCOUNT (commitment + usage above it) | 5,087.31 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 80,000 | 0 | 0 | 86,065.5326 | 37,535.3881 | 38,379.9343 | 90,250 | 0 | 0 | 90,250 | 0 | 0 | 90,250 | 0 | 6,369.7549 | 135,797.1282 | 46,571.9386 | 368,688.2307 | 497,868.756 | |
| E04 | BILLING BY ACCOUNT (commitment + usage above it) | 47,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 52,500 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 55,200 | 0 | 0 | 205,000 | 218,100 | |
| E05 | BILLING BY ACCOUNT (commitment + usage above it) | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 65,000 | 0 | 0 | 69,600 | 0 | 0 | 69,600 | 0 | 0 | 250,000 | 269,200 | |
| E06 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 55,000 | 0 | 0 | 55,000 | 0 | 0 | 59,375 | 0 | 0 | 59,375 | 0 | 0 | 59,375 | 0 | 0 | 59,375 | 0 | 0 | 64,125 | 0 | 0 | 64,125 | 228,750 | 247,000 | |
| E07 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 6,879.7175 | 45,125 | 0 | 0 | 45,125 | 0 | 0 | 45,125 | 0 | 0 | 45,125 | 0 | 17,833.8247 | 47,500 | 0 | 179,504.7175 | 200,708.8247 | |
| E08 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 8,216.42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,216.42 | 0 | |
| E09 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 47,500 | 0 | 0 | 50,400 | 0 | 0 | 50,400 | 0 | 0 | 50,400 | 0 | 0 | 50,400 | 0 | 190,000 | 201,600 | |
| E10 | BILLING BY ACCOUNT (commitment + usage above it) | 40,000 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 42,500 | 0 | 0 | 55,431.326 | 21,155.2444 | 21,710.5695 | 49,875 | 0 | 0 | 49,875 | 0 | 0 | 49,875 | 0 | 12,274.9982 | 167,500 | 260,197.1381 | |
| E11 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 30,000 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 0 | 0 | 32,500 | 9,889.8743 | 14,982.2719 | 35,625 | 0 | 0 | 35,625 | 0 | 0 | 35,625 | 127,500 | 164,247.1462 | |
| E12 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 35,000 | 0 | 0 | 35,000 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 8,536.8033 | 40,375 | 0 | 0 | 40,375 | 0 | 145,000 | 164,286.8033 | |
| E13 | BILLING BY ACCOUNT (commitment + usage above it) | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 37,500 | 0 | 0 | 40,800 | 0 | 0 | 40,800 | 0 | 0 | 40,800 | 0 | 0 | 40,800 | 0 | 0 | 43,200 | 0 | 0 | 153,300 | 165,600 | |
| E14 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 60,000 | 0 | 0 | 62,100 | 0 | 0 | 62,100 | 0 | 0 | 62,100 | 0 | 0 | 180,000 | 246,300 | |
| E15 | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 75,000 | 0 | 0 | 78,200 | 0 | 0 | 78,200 | 0 | 0 | 150,000 | 306,400 | |
| P01 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63,000 | 0 | 0 | 63,000 | 0 | 0 | 63,000 | 0 | 0 | 63,000 | 0 | 0 | 64,400 | 0 | 63,000 | 253,400 | |
| P02 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,000 | 0 | 0 | 39,000 | 0 | 0 | 39,000 | 0 | 0 | 39,000 | 0 | 0 | 39,100 | 39,000 | 156,100 | |
| P03 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,750 | 0 | 0 | 57,750 | 0 | 0 | 57,750 | 0 | 0 | 57,750 | 0 | 0 | 231,000 | |
| P04 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 0 | 27,000 | 0 | 108,000 | |
| P05 (pipeline) | BILLING BY ACCOUNT (commitment + usage above it) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | 0 | 0 | 45,000 | 0 | 0 | 45,000 | 0 | 0 | 135,000 | |
| E01 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 22,158.91 | -7,658.4 | 50,358.45 | 18,000.23 | 0 | 59,317.89 | 18,369.72 | -21,877.63 | 31,768.2179 | -10,723.1734 | -54,383.078 | -4,243.6299 | -50,337.8471 | -95,000 | 0 | 0 | 0 | 71,721.1409 | 19,648.6133 | -33,855.9089 | 33,568.1945 | -22,919.5392 | -80,960.6856 | -18,197.9635 | -4,243.6299 | -18,197.9635 |
| E02 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 76,042.79 | 60,385.24 | 42,653 | 95,740.24 | 79,178.27 | 59,859.12 | 111,513.25 | 93,397.41 | 0 | 55,543.6933 | 37,010.354 | 18,013.6811 | 72,167.0915 | 52,208.7121 | 31,751.3732 | 84,407.6009 | 62,914.6092 | 40,884.2928 | 91,928.2184 | 68,782.6172 | 0 | 55,273.5201 | 31,594.5032 | 7,323.5108 | 18,013.6811 | 7,323.5108 |
| E03 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 52,410.23 | 23,759.87 | -6,840.5 | 41,319.79 | 10,921.12 | -24,003.84 | 21,657.16 | -13,454.4675 | -49,356.1066 | 0 | 0 | 0 | 52,968.6913 | 14,848.5532 | -24,129.2881 | 26,265.8692 | -14,485.7074 | -56,154.1945 | -8,510.2226 | -52,074.8863 | -90,250 | 0 | 0 | 0 | 0 |
| E04 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 61,094.67 | 45,973.02 | 0 | 37,746.08 | 22,528.66 | 6,783.35 | 43,029.26 | 28,389.83 | 13,439.3121 | 50,671.0957 | 35,078.4297 | 19,154.4196 | 55,392.0242 | 38,784.053 | 0 | 39,264.3952 | 22,990.1588 | 6,370.0948 | 44,596.8545 | 27,262.9329 | 9,560.6654 | 46,682.2247 | 28,219.6172 | 9,364.6793 | 19,154.4196 | 9,364.6793 |
| E05 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 68,021.37 | 52,164.24 | 36,779.46 | 82,721.74 | 67,832.45 | 0 | 49,078.82 | 32,596.97 | 15,723.6761 | 63,449.6414 | 45,765.3484 | 27,661.0535 | 74,126.7815 | 55,152.3206 | 35,727.2162 | 80,840.7656 | 60,482.0118 | 0 | 49,116.2129 | 28,145.9359 | 6,677.6148 | 54,299.4211 | 31,799.2452 | 8,764.6902 | 27,661.0535 | 8,764.6902 |
| E06 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 32,418.9 | 16,067.65 | 56,624.06 | 42,552.56 | 28,050.68 | 68,409.6 | 51,950.38 | 0 | 42,867.4842 | 26,029.8181 | 8,855.3987 | 50,712.4909 | 32,844.2249 | 14,618.5937 | 55,403.4498 | 36,441.503 | 17,100.3172 | 56,747.3078 | 36,624.7382 | 0 | 44,236.2546 | 23,949.7344 | 3,257.4837 | 46,276.388 | 50,712.4909 | 46,276.388 |
| E07 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 1,906.19 | 29,213.39 | 14,302.61 | -1,028.4 | 25,314.09 | 9,766.19 | -5,331.37 | 22,811.31 | 8,130.9503 | 0 | 30,544.0126 | 15,634.9529 | 390.4394 | 29,927.9244 | 13,989.6903 | -2,307.1541 | 26,154.3225 | 9,115.8698 | -8,305.948 | 19,005.2432 | 790.6237 | 0 | 29,408.6764 | 10,910.2981 | 15,634.9529 | 10,910.2981 |
| E08 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 7,417.11 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E09 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 32,699.41 | 19,159 | 4,771.56 | 38,171.73 | 24,170.28 | 8,956.04 | 43,253.1 | 29,720.0865 | 15,848.7477 | 49,130.6254 | 34,557.05 | 0 | 35,701.0919 | 20,634.7111 | 5,191.6707 | 39,762.5544 | 23,537.7101 | 6,907.2448 | 40,261.0178 | 22,788.6351 | 4,879.4429 | 36,922.5208 | 18,106.6757 | 34,557.05 | 18,106.6757 |
| E10 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 46,126.28 | 30,296.39 | 0 | 24,645.54 | 8,614.44 | -7,328.07 | 18,108.84 | -0.35 | -18,584.9062 | 4,842.6929 | -14,730.3584 | -34,817.2024 | 0 | 0 | 0 | 28,708.5516 | 6,986.484 | -15,305.7879 | 11,691.768 | -11,786.209 | -35,880.4828 | -10,732.2314 | -36,108.0571 | -49,875 | -34,817.2024 | -49,875 |
| E11 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 30,499.46 | 22,239.26 | 44,127.75 | 35,578.35 | 0 | 22,502.33 | 12,031.8 | 35.07 | 20,238.4218 | 7,634.3573 | -5,284.8088 | 13,973.046 | 399.8472 | -13,512.6817 | 4,726.9763 | 0 | 0 | 21,036.0128 | 6,082.3009 | -9,245.2538 | 10,669.0026 | -5,434.5095 | -21,940.6095 | -3,234.362 | 13,973.046 | -3,234.362 |
| E12 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 19,697.47 | 44,587.69 | 33,465.36 | 21,887.85 | 46,250.3 | 33,928.66 | 0 | 25,926.69 | 14,078.5139 | 1,948.9436 | 27,031.296 | 14,318.7293 | 1,304.2391 | 25,480.6548 | 11,840.6353 | -2,123.3346 | 21,081.0512 | 6,445.9162 | 0 | 25,803.3689 | 10,885.6615 | -4,386.3414 | 20,353.9456 | 4,347.9082 | 14,318.7293 | 4,347.9082 |
| E13 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 39,685.17 | 30,851.16 | 20,561.1 | 48,286.89 | 38,815.65 | 28,844.55 | 55,919.56 | 45,487.17 | 0 | 30,226.5015 | 19,362.2318 | 8,199.1946 | 37,529.174 | 25,743.7278 | 13,634.1818 | 41,991.6233 | 29,206.8944 | 16,070.5855 | 43,373.0281 | 29,504.2878 | 0 | 29,143.6712 | 14,700.7933 | -139.2637 | 8,199.1946 | -139.2637 |
| E14 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 49,000 | 37,203.67 | 24,504.68 | 73,090.79 | 60,579.17 | 47,434.1492 | 93,796.1902 | 79,646.8077 | 64,966.8233 | 109,736.3396 | 93,934.7127 | 0 | 46,451.7476 | 30,216.6858 | 13,372.8092 | 57,997.2871 | 39,866.4331 | 21,055.6719 | 63,639.5073 | 43,391.4864 | 22,384.1648 | 64,966.8233 | 22,384.1648 |
| E15 | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 45,192.37 | 28,584.4787 | 86,135.813 | 67,803.8085 | 48,543.7463 | 103,561.4318 | 82,829.7805 | 61,320.6922 | 114,005.0132 | 90,852.4961 | 0 | 55,272.2071 | 31,484.622 | 6,805.0024 | 59,399.8971 | 32,834.6003 | 5,273.1049 | 48,543.7463 | 5,273.1049 |
| P01 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,660 | 39,745.9125 | 27,228.6743 | 77,077.751 | 63,261.0621 | 48,744.9034 | 96,684.3887 | 81,059.1047 | 64,847.8726 | 111,028.7192 | 93,578.8476 | 0 | 47,119.5012 | 29,190.9838 | 39,745.9125 | 29,190.9838 |
| P02 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,980 | 24,604.6125 | 16,855.846 | 47,714.7982 | 39,161.6099 | 30,175.4164 | 59,852.2406 | 50,179.4458 | 40,143.9211 | 68,732.0643 | 57,929.7628 | 0 | 28,402.5484 | 31,980 | 28,402.5484 |
| P03 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,355 | 36,433.7531 | 24,959.6181 | 70,654.605 | 57,989.3069 | 44,682.8281 | 88,627.3563 | 74,304.1793 | 59,443.8832 | 101,776.326 | 85,780.6103 | 0 | 85,780.6103 |
| P04 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,140 | 17,033.9625 | 11,669.4319 | 33,033.3218 | 27,111.8838 | 20,890.6729 | 41,436.1666 | 34,739.6163 | 27,791.9454 | 47,583.7368 | 0 | 47,583.7368 |
| P05 (pipeline) | CONTRACT POSITION BY ACCOUNT (+ billed ahead of usage: contract liability; - used ahead of billing: contract asset) | opening + billing - revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,900 | 28,389.9375 | 19,449.0531 | 55,055.5364 | 45,186.4729 | 34,817.7881 | 69,060.2776 | 57,899.3605 | 0 | 57,899.3605 |
| Usage | TOTALS | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 254,780.7898 | 260,202.4198 | 277,748.6798 | 292,500.1878 | 300,570.3599 | 316,700.7546 | 330,585.2254 | 336,276.3038 | 353,930.7577 | 361,191.6431 | 368,721.5455 | 378,384.6265 | 387,982.8488 | 397,122.8144 | 405,754.0304 | 416,156.4363 | 2,836,475.9872 | 4,353,377.3464 | |
| Commitment billed | TOTALS | 255,000 | 205,000 | 172,500 | 322,500 | 205,000 | 182,500 | 402,500 | 207,500 | 186,875 | 409,425 | 273,125 | 225,875 | 409,425 | 344,025 | 252,875 | 421,600 | 389,025 | 283,400 | 429,400 | 391,900 | 288,150 | 436,550 | 395,675 | 288,250 | 3,047,800 | 4,330,275 | |
| Usage above the commitment billed | TOTALS | 5,087.31 | 8,216.42 | 0 | 0 | 15,059.34 | 0 | 0 | 0 | 0 | 6,879.7175 | 6,065.5326 | 37,535.3881 | 51,311.2603 | 23,854.8995 | 70,374.8273 | 59,892.3992 | 66,359.8662 | 0 | 8,536.8033 | 0 | 0 | 24,203.5796 | 45,547.1282 | 58,846.9367 | 78,843.7082 | 408,927.7004 | |
| Unused commitment recognised | TOTALS | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 109,596.5633 | 0 | 0 | 0 | 19,619.1352 | 0 | 99,363.6871 | 0 | 0 | 106,471.4974 | 0 | 16,099.7172 | 60,312.5332 | 75,474.6059 | 46,722.3751 | 0 | 326,072.7433 | 424,063.551 | |
| CONTRACT REVENUE | TOTALS | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 283,764.98 | 364,377.3531 | 260,202.4198 | 277,748.6798 | 292,500.1878 | 320,189.4951 | 316,700.7546 | 429,948.9125 | 336,276.3038 | 353,930.7577 | 467,663.1405 | 368,721.5455 | 394,484.3437 | 448,295.382 | 472,597.4203 | 452,476.4054 | 416,156.4363 | 3,162,548.7305 | 4,777,440.8974 | |
| BILLING | TOTALS | 260,087.31 | 213,216.42 | 172,500 | 322,500 | 220,059.34 | 182,500 | 402,500 | 207,500 | 186,875 | 416,304.7175 | 279,190.5326 | 263,410.3881 | 460,736.2603 | 367,879.8995 | 323,249.8273 | 481,492.3992 | 455,384.8662 | 283,400 | 437,936.8033 | 391,900 | 288,150 | 460,753.5796 | 441,222.1282 | 347,096.9367 | 3,126,643.7082 | 4,739,202.7004 | |
| Invoiced incl. VAT: accounts in France | TOTALS | 72,000 | 57,000 | 105,000 | 144,000 | 75,071.208 | 114,000 | 150,000 | 57,000 | 114,000 | 150,000 | 132,600 | 114,000 | 150,000 | 139,319.5862 | 172,397.1094 | 212,523.0299 | 197,733.1132 | 146,880 | 158,040 | 136,080 | 146,880 | 158,040 | 137,760 | 146,880 | 1,284,671.208 | 1,902,532.8387 | |
| Invoiced: accounts outside France (reverse charge in the EU, outside the scope elsewhere) | TOTALS | 200,087.31 | 165,716.42 | 85,000 | 202,500 | 157,500 | 87,500 | 277,500 | 160,000 | 91,875 | 291,304.7175 | 168,690.5326 | 168,410.3881 | 335,736.2603 | 251,780.2444 | 179,585.5695 | 304,389.8743 | 290,607.2719 | 161,000 | 306,236.8033 | 278,500 | 165,750 | 329,053.5796 | 326,422.1282 | 224,696.9367 | 2,056,084.3682 | 3,153,758.6682 | |
| Billing to EU businesses (reverse charge, DES) | TOTALS | 152,587.31 | 165,716.42 | 85,000 | 150,000 | 157,500 | 87,500 | 225,000 | 160,000 | 91,875 | 238,804.7175 | 168,690.5326 | 168,410.3881 | 283,236.2603 | 251,780.2444 | 152,585.5695 | 249,189.8743 | 290,607.2719 | 134,000 | 251,036.8033 | 278,500 | 138,750 | 273,853.5796 | 326,422.1282 | 197,696.9367 | 1,851,084.3682 | 2,827,658.6682 | |
| Contract liabilities (accounts billed ahead of usage) | TOTALS | 405,068.32 | 416,887.68 | 341,790.66 | 460,931.04 | 433,279.73 | 349,007.77 | 503,048.46 | 419,326.25 | 251,985.2907 | 436,127.4947 | 451,888.3127 | 387,461.1001 | 539,284.88 | 648,638.8595 | 433,427.0927 | 607,202.9649 | 680,097.2967 | 525,625.6515 | 629,509.5566 | 625,862.6646 | 490,275.0574 | 524,198.4691 | 518,230.9225 | 381,608.6599 | 387,461.1001 | 381,608.6599 | |
| Contract assets (accounts used ahead of billing) | TOTALS | 0 | 7,658.4 | 0 | 7,868.9 | 0 | 7,328.07 | 29,335.21 | 21,877.98 | 32,039.3737 | 60,079.2801 | 74,398.2452 | 39,060.8323 | 50,337.8471 | 108,512.6817 | 0 | 28,559.7768 | 0 | 29,791.4953 | 64,460.1426 | 63,397.5943 | 87,955.3691 | 133,722.6215 | 139,009.3522 | 71,446.5891 | 39,060.8323 | 71,446.5891 | |
| Check: change in net contract position equals billing less revenue (must be zero) | TOTALS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Commitments signed in the month (new and renewal, expected) | TOTALS | commission base | 0 | 510,000 | 0 | 620,000 | 0 | 510,000 | 560,000 | 150,000 | 237,500 | 457,700 | 432,500 | 156,000 | 0 | 793,600 | 108,000 | 668,700 | 180,000 | 632,100 | 591,200 | 161,500 | 256,500 | 486,300 | 447,600 | 156,400 | 3,633,700 | 4,481,900 |
| Refund liability: expected credit notes | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | A: ledger; F: released when settled | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 4,517.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Credit notes issued (ex VAT) | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | F: share credited x invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,505.934 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,505.934 | 0 |
| Revenue adjustment: credit notes and the change in the refund liability | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | 3,011.866 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,505.934 | 0 | |
| ENTERPRISE REVENUE | CREDIT NOTES AND THE DISPUTED TERVANE INVOICE (IFRS 15.55) | contract revenue + adjustments | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 364,377.3531 | 263,214.2858 | 277,748.6798 | 292,500.1878 | 320,189.4951 | 316,700.7546 | 429,948.9125 | 336,276.3038 | 353,930.7577 | 467,663.1405 | 368,721.5455 | 394,484.3437 | 448,295.382 | 472,597.4203 | 452,476.4054 | 416,156.4363 | 3,161,042.7965 | 4,777,440.8974 |
| Units used: Document AI (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 11,589.7 | 11,899.1 | 11,599.8 | 12,705.5 | 12,837 | 13,328.9 | 14,412.8 | 14,381.4 | 14,755.6991 | 15,038.0703 | 16,158.0085 | 17,148.6041 | 18,557.7564 | 19,590.4154 | 20,291.1894 | 20,659.4405 | 21,747.4503 | 22,163.2821 | 22,699.454 | 23,318.448 | 23,957.5764 | 24,492.4197 | 25,016.7955 | 25,643.656 | 165,854.582 | 268,137.8836 |
| Units used: Voice AI (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 11,404.9 | 11,811.6 | 11,307.7 | 11,687 | 11,836.6 | 12,143.2 | 14,444.4 | 14,432.9 | 14,740.7996 | 15,101.8564 | 16,091.3308 | 16,663.4276 | 18,010.586 | 19,038.1517 | 20,097.5364 | 20,433.8758 | 21,375.8538 | 21,834.1835 | 22,195.6184 | 22,770.4622 | 23,296.2396 | 23,893.4359 | 24,424.3165 | 25,080.8426 | 161,665.7143 | 262,451.1024 |
| Units used: Agent workspace (thousands) | UNITS AND RETENTION | A: metering; F: usage x mix / (list x (1 - discount)) | 3,907 | 4,049.6 | 3,534.8 | 3,845.5 | 3,884.9 | 4,048.9 | 4,571.1 | 4,624.8 | 4,733.7694 | 4,833.6282 | 5,132.1397 | 5,440.4142 | 5,886.2244 | 6,191.4289 | 6,448.3978 | 6,561.3003 | 6,947.5207 | 7,096.8259 | 7,241.107 | 7,423.8296 | 7,609.3485 | 7,786.8884 | 7,957.8448 | 8,159.374 | 52,606.5514 | 85,310.0902 |
| Net revenue retention on usage: accounts live a year earlier, usage now / usage then | UNITS AND RETENTION | trailing 12 months, History for 2025 | 115.06% | 121.99% | 109.5% | 115.49% | 111.83% | 111.67% | 117.95% | 116.77% | 117.86% | 118.34% | 120.92% | 122.24% | 121.25% | 119.05% | 129.59% | 129.86% | 131.74% | 129.08% | 126.69% | 129.44% | 129.32% | 129.24% | 130.13% | 130.53% | 122.24% | 130.53% |
| Accounts with a commitment | UNITS AND RETENTION | 13 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 16 | 19 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer: credits used, breakage and true-ups | REVENUE BY SEGMENT (IFRS 15) | Credits | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,364.5289 | 96,413.9303 | 102,576.0828 | 101,246.9708 | 114,538.27 | 115,929.0535 | 122,649.9204 | 125,939.9421 | 133,958.9321 | 131,740.0828 | 138,294.607 | 138,316.7474 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,058,009.1618 | 1,659,311.3645 |
| Team: plan fees | REVENUE BY SEGMENT (IFRS 15) | Team | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 171,055.841 | 176,169.0299 | 180,827.9112 | 184,737.5461 | 189,648.1382 | 194,105.9944 | 198,725.2982 | 202,667.2846 | 206,399.3539 | 210,230.2816 | 213,087.5536 | 214,678.7752 | 219,017.5789 | 223,446.9345 | 227,425.8569 | 230,651.9756 | 1,996,018.4182 | 2,530,085.0255 |
| Team: usage above the allowance | REVENUE BY SEGMENT (IFRS 15) | Team | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 42,763.9603 | 44,042.2575 | 45,206.9778 | 46,184.3865 | 47,412.0346 | 48,526.4986 | 49,681.3245 | 50,666.8212 | 51,599.8385 | 52,557.5704 | 53,271.8884 | 53,669.6938 | 54,754.3947 | 55,861.7336 | 56,856.4642 | 57,662.9939 | 471,711.9621 | 632,521.2564 |
| Enterprise: usage | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 202,445.9 | 209,055.46 | 196,726.04 | 211,228.52 | 213,463.27 | 221,103.56 | 248,370.94 | 248,850.22 | 254,780.7898 | 260,202.4198 | 277,748.6798 | 292,500.1878 | 300,570.3599 | 316,700.7546 | 330,585.2254 | 336,276.3038 | 353,930.7577 | 361,191.6431 | 368,721.5455 | 378,384.6265 | 387,982.8488 | 397,122.8144 | 405,754.0304 | 416,156.4363 | 2,836,475.9872 | 4,353,377.3464 |
| Enterprise: unused commitments at contract year end | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 36,878.38 | 0 | 43,212.58 | 0 | 26,378.48 | 52,996.47 | 22,095.51 | 34,914.76 | 109,596.5633 | 0 | 0 | 0 | 19,619.1352 | 0 | 99,363.6871 | 0 | 0 | 106,471.4974 | 0 | 16,099.7172 | 60,312.5332 | 75,474.6059 | 46,722.3751 | 0 | 326,072.7433 | 424,063.551 |
| Enterprise: credit notes and refund liability | REVENUE BY SEGMENT (IFRS 15) | Enterprise | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,517.8 | 0 | 3,011.866 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,505.934 | 0 |
| REVENUE | REVENUE BY SEGMENT (IFRS 15) | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 669,561.6833 | 579,839.5034 | 606,359.6515 | 624,669.0913 | 671,787.9379 | 675,262.3011 | 801,005.4555 | 715,550.3517 | 745,888.8821 | 862,191.0753 | 773,375.5944 | 801,149.5601 | 869,439.4216 | 908,593.9641 | 900,978.6202 | 874,135.3798 | 6,686,782.3385 | 9,599,358.5438 | |
| Team revenue | REVENUE BY SEGMENT (IFRS 15) | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 213,819.8013 | 220,211.2873 | 226,034.889 | 230,921.9326 | 237,060.1728 | 242,632.493 | 248,406.6227 | 253,334.1058 | 257,999.1923 | 262,787.852 | 266,359.4419 | 268,348.469 | 273,771.9737 | 279,308.6681 | 284,282.3211 | 288,314.9695 | 2,467,730.3803 | 3,162,606.2819 | |
| Enterprise revenue | REVENUE BY SEGMENT (IFRS 15) | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 364,377.3531 | 263,214.2858 | 277,748.6798 | 292,500.1878 | 320,189.4951 | 316,700.7546 | 429,948.9125 | 336,276.3038 | 353,930.7577 | 467,663.1405 | 368,721.5455 | 394,484.3437 | 448,295.382 | 472,597.4203 | 452,476.4054 | 416,156.4363 | 3,161,042.7965 | 4,777,440.8974 | |
| Revenue growth on the same month a year earlier | REVENUE BY SEGMENT (IFRS 15) | History for 2025 | 50.64% | 48.95% | 46.71% | 45.37% | 46.64% | 33.32% | 50.53% | 35.27% | 37.73% | 25.1% | 39.89% | 40.82% | 35.32% | 42.19% | 56.09% | 46.34% | 42.46% | 51.73% | 36.42% | 39.54% | 29.85% | 56.7% | 48.59% | 39.94% | ||
| Document AI | REVENUE BY PRODUCT | usage mix by segment and account | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 306,314.9653 | 251,148.8588 | 263,215.8265 | 272,067.8052 | 295,583.1756 | 294,908.3062 | 356,494.4175 | 311,803.4124 | 325,545.2927 | 359,192.5089 | 337,890.8548 | 345,524.6482 | 389,795.628 | 402,787.9395 | 402,575.616 | 383,341.0956 | 2,909,274.1804 | 4,205,442.8954 |
| Voice AI | REVENUE BY PRODUCT | usage mix by segment and account | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 180,707.803 | 170,321.8443 | 178,240.6413 | 182,310.3179 | 196,239.2099 | 197,525.2143 | 227,581.5242 | 210,716.9042 | 219,387.6595 | 273,021.8809 | 227,192.8096 | 239,616.1869 | 246,683.2268 | 267,653.5552 | 256,025.0265 | 257,508.6674 | 1,950,272.2372 | 2,819,151.8651 |
| Agent workspace | REVENUE BY PRODUCT | usage mix by segment and account | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 182,538.915 | 158,368.8002 | 164,903.1837 | 170,290.9682 | 179,965.5524 | 182,828.7806 | 216,929.5139 | 193,030.0351 | 200,955.9299 | 229,976.6856 | 208,291.9301 | 216,008.7251 | 232,960.5668 | 238,152.4694 | 242,377.9777 | 233,285.6168 | 1,827,235.9209 | 2,574,763.7833 |
| Check: products less total revenue (must be zero) | REVENUE BY PRODUCT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Document AI (thousands of pages) | UNITS USED (thousands) | Credits + Team + Enterprise | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 25,290.6862 | 25,992.684 | 27,474.93 | 28,748.3936 | 31,210.0024 | 32,629.8084 | 33,745.236 | 34,456.1436 | 35,874.2144 | 36,658.3594 | 37,438.2473 | 38,135.581 | 39,328.6141 | 40,440.1043 | 41,447.3952 | 42,437.9941 | 287,139.5938 | 443,801.7004 |
| Voice AI (thousands of audio minutes) | UNITS USED (thousands) | Credits + Team + Enterprise | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 23,396.0374 | 24,099.5884 | 25,385.0983 | 26,188.6834 | 28,397.5912 | 29,741.1085 | 31,138.6758 | 31,754.6531 | 32,965.8988 | 33,724.2363 | 34,284.6397 | 34,924.3805 | 35,899.3492 | 36,964.0571 | 37,886.834 | 38,838.8622 | 261,312.4075 | 406,520.2865 |
| Agent workspace (thousands of agent actions) | UNITS USED (thousands) | Credits + Team + Enterprise | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 9,205.1376 | 9,463.7859 | 9,902.17 | 10,322.7412 | 11,190.2955 | 11,641.7158 | 12,053.4323 | 12,295.7048 | 12,805.7625 | 13,089.2674 | 13,326.2034 | 13,546.753 | 13,917.086 | 14,285.9808 | 14,620.411 | 14,947.8105 | 104,105.2347 | 157,720.4229 |
| Realised: Document AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1118 | 9.6623 | 9.5802 | 9.4638 | 9.4708 | 9.038 | 10.5643 | 9.0493 | 9.0746 | 9.7984 | 9.0253 | 9.0604 | 9.9112 | 9.9601 | 9.7129 | 9.033 | 10.1319 | 9.476 |
| Realised: Voice AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7239 | 7.0674 | 7.0215 | 6.9614 | 6.9104 | 6.6415 | 7.3086 | 6.6358 | 6.655 | 8.0957 | 6.6267 | 6.861 | 6.8715 | 7.2409 | 6.7576 | 6.6302 | 7.4634 | 6.9348 |
| Realised: Agent workspace | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | revenue / units | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.8301 | 16.7342 | 16.6532 | 16.4967 | 16.0823 | 15.7046 | 17.9973 | 15.699 | 15.6926 | 17.5699 | 15.6303 | 15.9454 | 16.7392 | 16.6704 | 16.5781 | 15.6067 | 17.5518 | 16.3249 |
| List: Document AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 11.04 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 10.488 | 11.04 | 10.488 |
| List: Voice AI | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 8.28 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 7.866 | 8.28 | 7.866 |
| List: Agent workspace | REALISED PRICE AND LIST PRICE (EUR per 1,000 units) | Assumptions | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 17.48 | 18.4 | 17.48 |
| Pure usage: Developer credits, Team usage above the allowance, Enterprise usage above commitments | VISIBILITY (share of revenue) | 23.04% | 25.85% | 22.37% | 23.95% | 25.65% | 22.26% | 22.84% | 22.45% | 20.03% | 25.41% | 25.37% | 29.61% | 31.75% | 27.89% | 30.3% | 33.05% | 33.77% | 21.38% | 25.87% | 23.96% | 23.25% | 26.06% | 29.59% | 32.74% | 24.06% | 28.13% | |
| Committed: Team plan fees and Enterprise commitments | VISIBILITY (share of revenue) | 76.96% | 74.15% | 77.63% | 76.05% | 74.35% | 77.74% | 77.16% | 77.55% | 79.97% | 74.59% | 74.63% | 70.39% | 68.25% | 72.11% | 69.7% | 66.95% | 66.23% | 78.62% | 74.13% | 76.04% | 76.75% | 73.94% | 70.41% | 67.26% | 75.94% | 71.87% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units: Document AI | UNITS (thousands) AND GPU HOURS | Revenue | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 25,290.6862 | 25,992.684 | 27,474.93 | 28,748.3936 | 31,210.0024 | 32,629.8084 | 33,745.236 | 34,456.1436 | 35,874.2144 | 36,658.3594 | 37,438.2473 | 38,135.581 | 39,328.6141 | 40,440.1043 | 41,447.3952 | 42,437.9941 | 287,139.5938 | 443,801.7004 |
| Units: Voice AI | UNITS (thousands) AND GPU HOURS | Revenue | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 23,396.0374 | 24,099.5884 | 25,385.0983 | 26,188.6834 | 28,397.5912 | 29,741.1085 | 31,138.6758 | 31,754.6531 | 32,965.8988 | 33,724.2363 | 34,284.6397 | 34,924.3805 | 35,899.3492 | 36,964.0571 | 37,886.834 | 38,838.8622 | 261,312.4075 | 406,520.2865 |
| Units: Agent workspace | UNITS (thousands) AND GPU HOURS | Revenue | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 9,205.1376 | 9,463.7859 | 9,902.17 | 10,322.7412 | 11,190.2955 | 11,641.7158 | 12,053.4323 | 12,295.7048 | 12,805.7625 | 13,089.2674 | 13,326.2034 | 13,546.753 | 13,917.086 | 14,285.9808 | 14,620.411 | 14,947.8105 | 104,105.2347 | 157,720.4229 |
| GPU hours per 1,000 units: Document AI | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.1764 | 0.1764 | 0.1764 | 0.1729 | 0.1729 | 0.1729 | 0.1694 | 0.1694 | 0.1694 | 0.1626 | 0.1626 | 0.1626 | 0.1561 | 0.1561 | 0.1561 | 0.1499 | 0.1499 | 0.1499 | 0.1439 | 0.1439 | 0.1439 | 0.1381 | 0.1381 | 0.1381 | 0.1703 | 0.147 |
| GPU hours per 1,000 units: Voice AI | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.2156 | 0.2156 | 0.2156 | 0.2113 | 0.2113 | 0.2113 | 0.2071 | 0.2071 | 0.2071 | 0.1988 | 0.1988 | 0.1988 | 0.1908 | 0.1908 | 0.1908 | 0.1832 | 0.1832 | 0.1832 | 0.1759 | 0.1759 | 0.1759 | 0.1688 | 0.1688 | 0.1688 | 0.2082 | 0.1797 |
| GPU hours per 1,000 units: Agent workspace | UNITS (thousands) AND GPU HOURS | FY2025 rate x efficiency index | 0.0196 | 0.0196 | 0.0196 | 0.0192 | 0.0192 | 0.0192 | 0.0188 | 0.0188 | 0.0188 | 0.0181 | 0.0181 | 0.0181 | 0.0173 | 0.0173 | 0.0173 | 0.0167 | 0.0167 | 0.0167 | 0.016 | 0.016 | 0.016 | 0.0153 | 0.0153 | 0.0153 | 0.0189 | 0.0163 |
| Inference GPU hours: Document AI | UNITS (thousands) AND GPU HOURS | units x hours per unit | 3,596.9724 | 3,689.2296 | 3,698.3671 | 3,836.6693 | 3,903.7955 | 4,050.0625 | 4,164.618 | 4,163.5846 | 4,284.6469 | 4,227.4335 | 4,468.505 | 4,675.6203 | 4,872.9358 | 5,094.6155 | 5,268.7714 | 5,164.5774 | 5,377.1298 | 5,494.6641 | 5,387.0979 | 5,487.4392 | 5,659.1082 | 5,586.282 | 5,725.4263 | 5,862.2649 | 48,759.5047 | 64,980.3126 |
| Inference GPU hours: Voice AI | UNITS (thousands) AND GPU HOURS | units x hours per unit | 4,018.4606 | 4,143.4439 | 4,096.9174 | 4,116.3973 | 4,193.2639 | 4,319.5507 | 4,721.2663 | 4,723.2127 | 4,844.4771 | 4,790.5509 | 5,046.0864 | 5,205.8242 | 5,419.1175 | 5,675.5012 | 5,942.1992 | 5,817.3564 | 6,039.2529 | 6,178.1781 | 6,029.6086 | 6,142.1192 | 6,313.5861 | 6,240.8019 | 6,396.5983 | 6,557.3334 | 54,219.4514 | 72,751.6528 |
| Inference GPU hours: Agent workspace | UNITS (thousands) AND GPU HOURS | units x hours per unit | 150.2497 | 154.401 | 147.1862 | 151.2476 | 154.6206 | 160.6826 | 167.5694 | 168.7986 | 173.2775 | 171.0205 | 178.9425 | 186.5427 | 194.1315 | 201.9628 | 209.1053 | 204.776 | 213.2706 | 217.9922 | 213.0607 | 216.5868 | 222.5078 | 219.2695 | 224.4025 | 229.4276 | 1,964.5387 | 2,566.4932 |
| INFERENCE GPU HOURS | UNITS (thousands) AND GPU HOURS | 7,765.6827 | 7,987.0745 | 7,942.4708 | 8,104.3143 | 8,251.68 | 8,530.2958 | 9,053.4536 | 9,055.5958 | 9,302.4015 | 9,189.0048 | 9,693.5339 | 10,067.9872 | 10,486.1848 | 10,972.0795 | 11,420.076 | 11,186.7098 | 11,629.6534 | 11,890.8344 | 11,629.7671 | 11,846.1453 | 12,195.2021 | 12,046.3534 | 12,346.4271 | 12,649.0258 | 104,943.4949 | 140,298.4586 | |
| Check: GPU scheduler less the calculation (actual months, within 1 hour) | UNITS (thousands) AND GPU HOURS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserved GPU hours (GPUs x hours in the month) | UNITS (thousands) AND GPU HOURS | 11,904 | 10,752 | 11,904 | 11,520 | 11,904 | 11,520 | 11,904 | 11,904 | 11,520 | 11,904 | 11,520 | 11,904 | 16,368 | 14,784 | 16,368 | 15,840 | 16,368 | 15,840 | 16,368 | 16,368 | 15,840 | 16,368 | 15,840 | 16,368 | 140,160 | 192,720 | |
| Usable for inference | UNITS (thousands) AND GPU HOURS | capacity x usable share | 10,118.4 | 9,139.2 | 10,118.4 | 9,792 | 10,118.4 | 9,792 | 10,118.4 | 10,118.4 | 9,792 | 10,118.4 | 9,792 | 10,118.4 | 13,912.8 | 12,566.4 | 13,912.8 | 13,464 | 13,912.8 | 13,464 | 13,912.8 | 13,912.8 | 13,464 | 13,912.8 | 13,464 | 13,912.8 | 119,136 | 163,812 |
| On-demand GPU hours | UNITS (thousands) AND GPU HOURS | A: invoice; F: inference above usable capacity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research GPU hours | UNITS (thousands) AND GPU HOURS | A: scheduler; F: demand, limited to spare usable hours | 2,000 | 1,152.1 | 2,000 | 1,687.7 | 1,866.7 | 1,261.7 | 1,065 | 1,062.9 | 489.5985 | 929.3952 | 98.4661 | 50.4128 | 2,000 | 1,594.3205 | 2,000 | 2,000 | 2,000 | 1,573.1656 | 2,000 | 2,000 | 1,268.7979 | 1,866.4466 | 1,117.5729 | 1,263.7742 | 13,663.9725 | 20,684.0778 |
| Check: on-demand hours equal inference above usable capacity (forecast months) | UNITS (thousands) AND GPU HOURS | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Reserved capacity used (inference on reserved + research) / reserved hours | UNITS (thousands) AND GPU HOURS | 82.04% | 85% | 83.52% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 76.28% | 85% | 81.99% | 83.25% | 83.27% | 85% | 83.27% | 84.59% | 85% | 85% | 85% | 85% | 84.63% | 83.55% | |
| Inference share of usable reserved hours | UNITS (thousands) AND GPU HOURS | 76.75% | 87.39% | 78.5% | 82.76% | 81.55% | 87.11% | 89.48% | 89.5% | 95% | 90.81% | 98.99% | 99.5% | 75.37% | 87.31% | 82.08% | 83.09% | 83.59% | 88.32% | 83.59% | 85.15% | 90.58% | 86.58% | 91.7% | 90.92% | 88.11% | 85.69% | |
| Vendor B (voice and agent models) | MODEL TOKENS (millions) | A: usage report; F: units x tokens per unit | 45,363.6 | 46,694.3 | 45,331.2 | 47,001.3 | 47,964.9 | 49,628.9 | 54,067.2 | 54,274.2 | 55,690.6576 | 57,310.8637 | 60,168.6281 | 62,394.6437 | 67,647.9959 | 70,614.4775 | 73,526.7079 | 74,992.6982 | 77,976.366 | 79,736.8856 | 81,120.1778 | 82,549.5155 | 84,830.4769 | 87,214.8111 | 89,325.4337 | 91,450.0663 | 625,890.393 | 960,985.6124 |
| Vendor C (document models) | MODEL TOKENS (millions) | A: usage report; F: units x tokens per unit | 5,097.8 | 5,228.5 | 5,241.4 | 5,548.4 | 5,645.5 | 5,857 | 6,145.5 | 6,144 | 6,322.6716 | 6,498.171 | 6,868.7325 | 7,187.0984 | 7,802.5006 | 8,157.4521 | 8,436.309 | 8,614.0359 | 8,968.5536 | 9,164.5899 | 9,359.5618 | 9,533.8953 | 9,832.1535 | 10,110.0261 | 10,361.8488 | 10,609.4985 | 71,784.7735 | 110,950.4251 |
| Provider A: reserved GPUs | COSTS IN USD (Provider A and vendor B) | A: invoice; F: GPUs x hours x rate | 23,212.8 | 20,966.4 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 31,917.6 | 28,828.8 | 31,917.6 | 30,888 | 31,917.6 | 30,888 | 31,917.6 | 31,917.6 | 30,888 | 31,917.6 | 30,888 | 31,917.6 | 273,312 | 375,804 |
| Provider A: on-demand GPUs | COSTS IN USD (Provider A and vendor B) | A: invoice; F: hours x on-demand rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provider A: hosting, storage and network | COSTS IN USD (Provider A and vendor B) | A: invoice; F: fixed + per unit | 32,001.99 | 31,169.81 | 29,925.08 | 30,371.93 | 30,331.75 | 33,315.01 | 34,707.42 | 34,955.11 | 33,621.2633 | 34,068.7151 | 34,952.7171 | 35,641.3828 | 37,141.9282 | 38,019.8817 | 38,800.8448 | 39,227.884 | 40,078.026 | 40,570.4116 | 41,007.1668 | 41,433.2238 | 42,131.5608 | 42,823.6489 | 43,440.3379 | 44,057.7945 | 395,062.1782 | 488,732.709 |
| PROVIDER A SPEND (counts towards the commitment) | COSTS IN USD (Provider A and vendor B) | 55,214.79 | 52,136.21 | 53,137.88 | 52,835.93 | 53,544.55 | 55,779.01 | 57,920.22 | 58,167.91 | 56,085.2633 | 57,281.5151 | 57,416.7171 | 58,854.1828 | 69,059.5282 | 66,848.6817 | 70,718.4448 | 70,115.884 | 71,995.626 | 71,458.4116 | 72,924.7668 | 73,350.8238 | 73,019.5608 | 74,741.2489 | 74,328.3379 | 75,975.3945 | 668,374.1782 | 864,536.709 | |
| Model API vendor B | COSTS IN USD (Provider A and vendor B) | A: invoice; F: tokens x price | 90,587.32 | 93,347.54 | 92,058.43 | 91,600.75 | 99,739.14 | 97,887.62 | 106,990.41 | 108,660.49 | 111,381.3151 | 80,235.2092 | 84,236.0793 | 87,352.5012 | 94,707.1943 | 98,860.2685 | 102,937.3911 | 104,989.7774 | 109,166.9124 | 111,631.6399 | 113,568.249 | 115,569.3217 | 118,762.6676 | 122,100.7355 | 125,055.6071 | 128,030.0929 | 1,144,076.8048 | 1,345,379.8574 |
| TOTAL USD COMPUTE | COSTS IN USD (Provider A and vendor B) | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 167,466.5784 | 137,516.7242 | 141,652.7963 | 146,206.684 | 163,766.7225 | 165,708.9502 | 173,655.8359 | 175,105.6614 | 181,162.5384 | 183,090.0515 | 186,493.0158 | 188,920.1454 | 191,782.2285 | 196,841.9844 | 199,383.945 | 204,005.4874 | 1,812,450.983 | 2,209,916.5664 | |
| USD per EUR | COSTS IN EUR | Assumptions timeline | 1.1737 | 1.1823 | 1.1558 | 1.1705 | 1.1673 | 1.1517 | 1.1417 | 1.1593 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.1685 | 1.18 |
| Reserved GPUs | COSTS IN EUR | USD / rate | 19,777.4559 | 17,733.5702 | 20,083.7515 | 19,191.7984 | 19,885.8905 | 19,505.0794 | 20,331.7859 | 20,023.1174 | 19,037.2881 | 19,671.8644 | 19,037.2881 | 19,671.8644 | 27,048.8136 | 24,431.1864 | 27,048.8136 | 26,176.2712 | 27,048.8136 | 26,176.2712 | 27,048.8136 | 27,048.8136 | 26,176.2712 | 27,048.8136 | 26,176.2712 | 27,048.8136 | 233,950.7543 | 318,477.9661 |
| of which research (charged to research and development) | COSTS IN EUR | reserved x research hours / reserved hours | 3,322.8253 | 1,900.1903 | 3,374.2862 | 2,811.6318 | 3,118.3629 | 2,136.2464 | 1,818.998 | 1,787.8504 | 809.0823 | 1,535.8649 | 162.7193 | 83.3093 | 3,305.0847 | 2,634.6822 | 3,305.0847 | 3,305.0847 | 3,305.0847 | 2,599.7229 | 3,305.0847 | 3,305.0847 | 2,096.7424 | 3,084.3821 | 1,846.8365 | 2,088.4404 | 22,861.3671 | 34,181.3149 |
| of which inference and idle capacity (cost of revenue) | COSTS IN EUR | 16,454.6307 | 15,833.3799 | 16,709.4653 | 16,380.1666 | 16,767.5276 | 17,368.833 | 18,512.7879 | 18,235.267 | 18,228.2059 | 18,135.9995 | 18,874.5688 | 19,588.5551 | 23,743.7288 | 21,796.5042 | 23,743.7288 | 22,871.1864 | 23,743.7288 | 23,576.5483 | 23,743.7288 | 23,743.7288 | 24,079.5288 | 23,964.4314 | 24,329.4347 | 24,960.3732 | 211,089.3873 | 284,296.6512 | |
| On-demand GPUs | COSTS IN EUR | USD / rate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hosting, storage and network | COSTS IN EUR | USD / rate | 27,265.9027 | 26,363.7063 | 25,891.2269 | 25,947.8257 | 25,984.537 | 28,926.8125 | 30,399.7723 | 30,151.9106 | 28,492.596 | 28,871.7924 | 29,620.9467 | 30,204.5617 | 31,476.2103 | 32,220.2387 | 32,882.0719 | 33,243.9695 | 33,964.4288 | 34,381.7047 | 34,751.8363 | 35,112.9015 | 35,704.7126 | 36,291.2279 | 36,813.8457 | 37,337.114 | 338,121.5908 | 414,180.2619 |
| Model API vendor B | COSTS IN EUR | USD / rate | 77,180.9832 | 78,954.191 | 79,649.1002 | 78,257.7958 | 85,444.3074 | 84,994.0262 | 93,711.4916 | 93,729.397 | 94,390.945 | 67,995.94 | 71,386.5079 | 74,027.5434 | 80,260.3342 | 83,779.8886 | 87,235.0772 | 88,974.3876 | 92,514.3326 | 94,603.0846 | 96,244.2788 | 97,940.1031 | 100,646.3285 | 103,475.1996 | 105,979.3281 | 108,500.0787 | 979,722.2288 | 1,140,152.4215 |
| Model API vendor C (EUR) | COSTS IN EUR | A: invoice; F: tokens x price | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 10,116.2745 | 10,397.0736 | 10,989.972 | 11,499.3575 | 12,484.001 | 13,051.9234 | 13,498.0944 | 13,782.4575 | 14,349.6857 | 14,663.3438 | 14,975.2989 | 15,254.2324 | 15,731.4457 | 16,176.0417 | 16,578.9581 | 16,975.1976 | 114,434.0975 | 177,520.6802 |
| COMPUTE IN COST OF REVENUE | COSTS IN EUR | inference, APIs and hosting | 129,074.3866 | 129,580.8472 | 130,283.6924 | 129,420.6681 | 137,200.542 | 140,530.3118 | 152,468.4019 | 151,987.6147 | 151,228.0214 | 125,400.8055 | 130,871.9953 | 135,320.0177 | 147,964.2743 | 150,848.5548 | 157,358.9723 | 158,872.001 | 164,572.1759 | 167,224.6815 | 169,715.1428 | 172,050.9658 | 176,162.0156 | 179,906.9006 | 183,701.5665 | 187,772.7635 | 1,643,367.3044 | 2,016,150.0147 |
| TOTAL COMPUTE (incl. research) | COSTS IN EUR | 132,397.2118 | 131,481.0375 | 133,657.9786 | 132,232.2999 | 140,318.9049 | 142,666.5582 | 154,287.3998 | 153,775.4651 | 152,037.1037 | 126,936.6704 | 131,034.7147 | 135,403.3269 | 151,269.359 | 153,483.2371 | 160,664.057 | 162,177.0858 | 167,877.2607 | 169,824.4043 | 173,020.2276 | 175,356.0506 | 178,258.7579 | 182,991.2827 | 185,548.403 | 189,861.2039 | 1,666,228.6714 | 2,050,331.3296 | |
| Compute in cost of revenue, % of revenue | COSTS IN EUR | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 22.59% | 21.63% | 21.58% | 21.66% | 22.03% | 22.34% | 19.65% | 22.2% | 22.06% | 19.4% | 21.94% | 21.48% | 20.26% | 19.8% | 20.39% | 21.48% | 24.58% | 21% | |
| Provider A (GPUs and hosting) | PROVIDER CONCENTRATION (share of total compute in EUR) | 35.53% | 33.54% | 34.4% | 34.14% | 32.69% | 33.95% | 32.88% | 32.63% | 31.26% | 38.24% | 37.13% | 36.84% | 38.69% | 36.91% | 37.3% | 36.64% | 36.34% | 35.66% | 35.72% | 35.45% | 34.71% | 34.61% | 33.95% | 33.91% | 34.33% | 35.73% | |
| Model API vendor B | PROVIDER CONCENTRATION (share of total compute in EUR) | 58.3% | 60.05% | 59.59% | 59.18% | 60.89% | 59.58% | 60.74% | 60.95% | 62.08% | 53.57% | 54.48% | 54.67% | 53.06% | 54.59% | 54.3% | 54.86% | 55.11% | 55.71% | 55.63% | 55.85% | 56.46% | 56.55% | 57.12% | 57.15% | 58.8% | 55.61% | |
| Model API vendor C | PROVIDER CONCENTRATION (share of total compute in EUR) | 6.17% | 6.41% | 6.01% | 6.68% | 6.42% | 6.48% | 6.38% | 6.42% | 6.65% | 8.19% | 8.39% | 8.49% | 8.25% | 8.5% | 8.4% | 8.5% | 8.55% | 8.63% | 8.66% | 8.7% | 8.83% | 8.84% | 8.94% | 8.94% | 6.87% | 8.66% | |
| Revenue that runs on vendor B models (Voice AI and Agent workspace), % of revenue | PROVIDER CONCENTRATION (share of total compute in EUR) | 56.05% | 56.95% | 57.65% | 55.96% | 56.25% | 55.44% | 57.42% | 58.61% | 54.25% | 56.69% | 56.59% | 56.45% | 56% | 56.33% | 55.49% | 56.42% | 56.35% | 58.34% | 56.31% | 56.87% | 55.17% | 55.67% | 55.32% | 56.15% | 56.49% | 56.19% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commitment for the calendar year (USD) | Assumptions | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 780,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 850,000 | 780,000 | 850,000 | |
| Provider A spend (USD) | Usage_Compute | 55,214.79 | 52,136.21 | 53,137.88 | 52,835.93 | 53,544.55 | 55,779.01 | 57,920.22 | 58,167.91 | 56,085.2633 | 57,281.5151 | 57,416.7171 | 58,854.1828 | 69,059.5282 | 66,848.6817 | 70,718.4448 | 70,115.884 | 71,995.626 | 71,458.4116 | 72,924.7668 | 73,350.8238 | 73,019.5608 | 74,741.2489 | 74,328.3379 | 75,975.3945 | 668,374.1782 | 864,536.709 | |
| Spend in the year to date (USD) | 55,214.79 | 107,351 | 160,488.88 | 213,324.81 | 266,869.36 | 322,648.37 | 380,568.59 | 438,736.5 | 494,821.7633 | 552,103.2784 | 609,519.9954 | 668,374.1782 | 69,059.5282 | 135,908.2099 | 206,626.6547 | 276,742.5387 | 348,738.1647 | 420,196.5763 | 493,121.3431 | 566,472.1669 | 639,491.7277 | 714,232.9766 | 788,561.3145 | 864,536.709 | 668,374.1782 | 864,536.709 | ||
| Spend for the full year: actual plus forecast (USD) | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 668,374.1782 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 864,536.709 | 668,374.1782 | 864,536.709 | ||
| Expected shortfall for the year (USD) | commitment less full-year spend | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,625.8218 | 0 | |
| Utilisation: spend to date / commitment to date | 84.95% | 82.58% | 82.3% | 82.05% | 82.11% | 82.73% | 83.64% | 84.37% | 84.58% | 84.94% | 85.25% | 85.69% | 97.5% | 95.94% | 97.24% | 97.67% | 98.47% | 98.87% | 99.45% | 99.97% | 100.31% | 100.83% | 101.21% | 101.71% | 85.69% | 101.71% | ||
| Provision at month end (USD) | A: CFO estimate; F: expected shortfall, nil after the December invoice | 0 | 0 | 0 | 0 | 0 | 55,000 | 80,000 | 113,500 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Shortfall invoiced in December (USD) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,625.8218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,625.8218 | 0 | ||
| Check: provision equals the expected shortfall before December (forecast months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| PROVISION: ONEROUS CLOUD COMMITMENT (EUR) | USD / rate of the month | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 70,070.9468 | 97,903.9075 | 94,598.1541 | 94,598.1541 | 94,598.1541 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Shortfall invoiced (EUR) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94,598.1541 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94,598.1541 | 0 | ||
| CHARGE: UNUSED COMMITTED CLOUD SPEND (cost of revenue) | provision movement + December invoice | 0 | 0 | 0 | 0 | 0 | 47,755.4919 | 22,315.455 | 27,832.9607 | -3,305.7535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94,598.1541 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Units (thousands) | DOCUMENT AI (per 1,000 pages) | Revenue | 20,391 | 20,914 | 20,965.8 | 22,193.7 | 22,582 | 23,428.1 | 24,582.2 | 24,576.1 | 25,290.6862 | 25,992.684 | 27,474.93 | 28,748.3936 | 31,210.0024 | 32,629.8084 | 33,745.236 | 34,456.1436 | 35,874.2144 | 36,658.3594 | 37,438.2473 | 38,135.581 | 39,328.6141 | 40,440.1043 | 41,447.3952 | 42,437.9941 | 287,139.5938 | 443,801.7004 |
| Revenue | DOCUMENT AI (per 1,000 pages) | Revenue | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 306,314.9653 | 251,148.8588 | 263,215.8265 | 272,067.8052 | 295,583.1756 | 294,908.3062 | 356,494.4175 | 311,803.4124 | 325,545.2927 | 359,192.5089 | 337,890.8548 | 345,524.6482 | 389,795.628 | 402,787.9395 | 402,575.616 | 383,341.0956 | 2,909,274.1804 | 4,205,442.8954 |
| GPU cost | DOCUMENT AI (per 1,000 pages) | inference GPU cost x share of GPU hours | 7,621.5904 | 7,313.438 | 7,780.6691 | 7,754.5466 | 7,932.5664 | 8,246.4736 | 8,515.9424 | 8,384.2165 | 8,395.8347 | 8,343.5294 | 8,700.7593 | 9,097.0166 | 11,033.7238 | 10,120.6712 | 10,954.4175 | 10,558.9593 | 10,978.2388 | 10,894.5436 | 10,998.4825 | 10,998.706 | 11,173.9567 | 11,113.0786 | 11,282.3236 | 11,568.0307 | 98,086.583 | 131,675.1322 |
| Model API cost (vendor C) | DOCUMENT AI (per 1,000 pages) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 10,116.2745 | 10,397.0736 | 10,989.972 | 11,499.3575 | 12,484.001 | 13,051.9234 | 13,498.0944 | 13,782.4575 | 14,349.6857 | 14,663.3438 | 14,975.2989 | 15,254.2324 | 15,731.4457 | 16,176.0417 | 16,578.9581 | 16,975.1976 | 114,434.0975 | 177,520.6802 | |
| Hosting, storage and network | DOCUMENT AI (per 1,000 pages) | per-unit rate + fixed by revenue | 13,424.2829 | 12,850.8894 | 12,559.8863 | 12,958.8661 | 12,945.4595 | 14,596.4051 | 14,898.4372 | 14,577.1594 | 14,480.0717 | 14,316.8405 | 14,771.0848 | 15,170.8825 | 15,968.9887 | 16,340.3387 | 16,798.2106 | 16,867.1265 | 17,298.4114 | 17,228.223 | 17,769.2015 | 17,890.3413 | 18,504.1965 | 18,757.2878 | 19,109.6231 | 19,277.0949 | 167,550.2653 | 211,809.044 |
| COMPUTE COST | DOCUMENT AI (per 1,000 pages) | 29,218.7432 | 28,593.8973 | 28,374.4554 | 29,548.2927 | 29,882.1959 | 32,083.5187 | 33,258.7297 | 32,832.4159 | 32,992.181 | 33,057.4435 | 34,461.8161 | 35,767.2565 | 39,486.7134 | 39,512.9332 | 41,250.7226 | 41,208.5432 | 42,626.336 | 42,786.1104 | 43,742.9829 | 44,143.2796 | 45,409.5988 | 46,046.4082 | 46,970.9048 | 47,820.3232 | 380,070.9458 | 521,004.8564 | |
| Realised price per 1,000 units | DOCUMENT AI (per 1,000 pages) | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1118 | 9.6623 | 9.5802 | 9.4638 | 9.4708 | 9.038 | 10.5643 | 9.0493 | 9.0746 | 9.7984 | 9.0253 | 9.0604 | 9.9112 | 9.9601 | 9.7129 | 9.033 | 10.1319 | 9.476 | |
| Compute cost per 1,000 units | DOCUMENT AI (per 1,000 pages) | 1.4329 | 1.3672 | 1.3534 | 1.3314 | 1.3233 | 1.3694 | 1.353 | 1.3359 | 1.3045 | 1.2718 | 1.2543 | 1.2441 | 1.2652 | 1.2109 | 1.2224 | 1.196 | 1.1882 | 1.1672 | 1.1684 | 1.1575 | 1.1546 | 1.1386 | 1.1333 | 1.1268 | 1.3236 | 1.174 | |
| of which GPU | DOCUMENT AI (per 1,000 pages) | 0.3738 | 0.3497 | 0.3711 | 0.3494 | 0.3513 | 0.352 | 0.3464 | 0.3412 | 0.332 | 0.321 | 0.3167 | 0.3164 | 0.3535 | 0.3102 | 0.3246 | 0.3064 | 0.306 | 0.2972 | 0.2938 | 0.2884 | 0.2841 | 0.2748 | 0.2722 | 0.2726 | 0.3416 | 0.2967 | |
| of which model API | DOCUMENT AI (per 1,000 pages) | 0.4008 | 0.4031 | 0.3832 | 0.3981 | 0.3987 | 0.3944 | 0.4005 | 0.4017 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3985 | 0.4 | |
| Compute cost % of revenue | DOCUMENT AI (per 1,000 pages) | 13.39% | 13.99% | 13.06% | 13.72% | 13.05% | 12.67% | 13.78% | 13.82% | 10.77% | 13.16% | 13.09% | 13.15% | 13.36% | 13.4% | 11.57% | 13.22% | 13.09% | 11.91% | 12.95% | 12.78% | 11.65% | 11.43% | 11.67% | 12.47% | 13.06% | 12.39% | |
| Contribution after compute per 1,000 units | DOCUMENT AI (per 1,000 pages) | 9.2673 | 8.4069 | 9.0117 | 8.3711 | 8.8196 | 9.4393 | 8.4664 | 8.3328 | 10.8073 | 8.3905 | 8.3259 | 8.2196 | 8.2056 | 7.8271 | 9.3419 | 7.8533 | 7.8864 | 8.6312 | 7.8569 | 7.9029 | 8.7566 | 8.8215 | 8.5797 | 7.9061 | 8.8083 | 8.302 | |
| Units (thousands) | VOICE AI (per 1,000 audio minutes) | Revenue | 18,638.5 | 19,218.2 | 19,002.4 | 19,482.4 | 19,846.2 | 20,443.9 | 22,801 | 22,810.4 | 23,396.0374 | 24,099.5884 | 25,385.0983 | 26,188.6834 | 28,397.5912 | 29,741.1085 | 31,138.6758 | 31,754.6531 | 32,965.8988 | 33,724.2363 | 34,284.6397 | 34,924.3805 | 35,899.3492 | 36,964.0571 | 37,886.834 | 38,838.8622 | 261,312.4075 | 406,520.2865 |
| Revenue | VOICE AI (per 1,000 audio minutes) | Revenue | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 180,707.803 | 170,321.8443 | 178,240.6413 | 182,310.3179 | 196,239.2099 | 197,525.2143 | 227,581.5242 | 210,716.9042 | 219,387.6595 | 273,021.8809 | 227,192.8096 | 239,616.1869 | 246,683.2268 | 267,653.5552 | 256,025.0265 | 257,508.6674 | 1,950,272.2372 | 2,819,151.8651 |
| GPU cost | VOICE AI (per 1,000 audio minutes) | inference GPU cost x share of GPU hours | 8,514.6777 | 8,213.8612 | 8,619.1441 | 8,319.9234 | 8,520.7702 | 8,795.188 | 9,654.1944 | 9,511.1405 | 9,492.831 | 9,454.9334 | 9,825.3852 | 10,128.596 | 12,270.4357 | 11,274.6253 | 12,354.5558 | 11,893.5634 | 12,330.0652 | 12,249.7808 | 12,310.2544 | 12,310.9087 | 12,466.2287 | 12,415.1488 | 12,604.9115 | 12,939.6121 | 109,050.645 | 147,420.0904 |
| Model API cost (vendor B) | VOICE AI (per 1,000 audio minutes) | vendor B x share of tokens | 38,053.5343 | 38,994.3882 | 40,065.5986 | 38,926.0001 | 42,424.6964 | 42,014.4732 | 47,423.8187 | 47,271.295 | 47,585.1608 | 34,311.2784 | 36,141.4959 | 37,285.5832 | 40,430.4689 | 42,343.2732 | 44,333.03 | 45,210.0146 | 46,934.5 | 48,014.1669 | 48,812.0295 | 49,722.8468 | 51,110.9378 | 52,626.7932 | 53,940.5772 | 55,296.0073 | 490,497.3228 | 578,774.6452 |
| Hosting, storage and network | VOICE AI (per 1,000 audio minutes) | per-unit rate + fixed by revenue | 8,813.3751 | 8,550.636 | 8,664.7308 | 8,274.982 | 8,229.2581 | 9,309.1626 | 10,105.4337 | 10,234.5813 | 9,073.7491 | 9,586.6191 | 9,862.2126 | 10,000.4148 | 10,472.4275 | 10,763.195 | 10,931.2082 | 11,219.7834 | 11,471.0164 | 11,975.3801 | 11,744.8979 | 11,961.6299 | 11,933.8296 | 12,324.9603 | 12,361.5655 | 12,722.2681 | 110,705.1552 | 139,882.162 |
| COMPUTE COST | VOICE AI (per 1,000 audio minutes) | 55,381.5871 | 55,758.8854 | 57,349.4734 | 55,520.9056 | 59,174.7247 | 60,118.8238 | 67,183.4469 | 67,017.0168 | 66,151.741 | 53,352.8308 | 55,829.0936 | 57,414.5939 | 63,173.3321 | 64,381.0935 | 67,618.794 | 68,323.3614 | 70,735.5815 | 72,239.3278 | 72,867.1817 | 73,995.3854 | 75,510.9961 | 77,366.9023 | 78,907.0541 | 80,957.8875 | 710,253.123 | 866,076.8975 | |
| Realised price per 1,000 units | VOICE AI (per 1,000 audio minutes) | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7239 | 7.0674 | 7.0215 | 6.9614 | 6.9104 | 6.6415 | 7.3086 | 6.6358 | 6.655 | 8.0957 | 6.6267 | 6.861 | 6.8715 | 7.2409 | 6.7576 | 6.6302 | 7.4634 | 6.9348 | |
| Compute cost per 1,000 units | VOICE AI (per 1,000 audio minutes) | 2.9714 | 2.9014 | 3.018 | 2.8498 | 2.9817 | 2.9407 | 2.9465 | 2.938 | 2.8275 | 2.2138 | 2.1993 | 2.1923 | 2.2246 | 2.1647 | 2.1715 | 2.1516 | 2.1457 | 2.1421 | 2.1254 | 2.1187 | 2.1034 | 2.093 | 2.0827 | 2.0845 | 2.718 | 2.1305 | |
| of which GPU | VOICE AI (per 1,000 audio minutes) | 0.4568 | 0.4274 | 0.4536 | 0.427 | 0.4293 | 0.4302 | 0.4234 | 0.417 | 0.4057 | 0.3923 | 0.3871 | 0.3868 | 0.4321 | 0.3791 | 0.3968 | 0.3745 | 0.374 | 0.3632 | 0.3591 | 0.3525 | 0.3473 | 0.3359 | 0.3327 | 0.3332 | 0.4173 | 0.3626 | |
| of which model API | VOICE AI (per 1,000 audio minutes) | 2.0417 | 2.029 | 2.1084 | 1.998 | 2.1377 | 2.0551 | 2.0799 | 2.0724 | 2.0339 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.4237 | 1.8771 | 1.4237 | |
| Compute cost % of revenue | VOICE AI (per 1,000 audio minutes) | 38.47% | 40.48% | 36.11% | 39.68% | 40.14% | 36.38% | 39.99% | 37.74% | 36.61% | 31.32% | 31.32% | 31.49% | 32.19% | 32.59% | 29.71% | 32.42% | 32.24% | 26.46% | 32.07% | 30.88% | 30.61% | 28.91% | 30.82% | 31.44% | 36.42% | 30.72% | |
| Contribution after compute per 1,000 units | VOICE AI (per 1,000 audio minutes) | 4.7524 | 4.2664 | 5.3391 | 4.3329 | 4.4468 | 5.1423 | 4.4214 | 4.8465 | 4.8964 | 4.8536 | 4.8222 | 4.7691 | 4.6858 | 4.4768 | 5.1371 | 4.4842 | 4.5093 | 5.9537 | 4.5013 | 4.7423 | 4.7681 | 5.1479 | 4.6749 | 4.5457 | 4.7454 | 4.8044 | |
| Units (thousands) | AGENT WORKSPACE (per 1,000 agent actions) | Revenue | 7,665.8 | 7,877.6 | 7,509.5 | 7,874.2 | 8,049.8 | 8,365.4 | 8,901.9 | 8,967.2 | 9,205.1376 | 9,463.7859 | 9,902.17 | 10,322.7412 | 11,190.2955 | 11,641.7158 | 12,053.4323 | 12,295.7048 | 12,805.7625 | 13,089.2674 | 13,326.2034 | 13,546.753 | 13,917.086 | 14,285.9808 | 14,620.411 | 14,947.8105 | 104,105.2347 | 157,720.4229 |
| Revenue | AGENT WORKSPACE (per 1,000 agent actions) | Revenue | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 182,538.915 | 158,368.8002 | 164,903.1837 | 170,290.9682 | 179,965.5524 | 182,828.7806 | 216,929.5139 | 193,030.0351 | 200,955.9299 | 229,976.6856 | 208,291.9301 | 216,008.7251 | 232,960.5668 | 238,152.4694 | 242,377.9777 | 233,285.6168 | 1,827,235.9209 | 2,574,763.7833 |
| GPU cost | AGENT WORKSPACE (per 1,000 agent actions) | inference GPU cost x share of GPU hours | 318.3626 | 306.0807 | 309.6521 | 305.6966 | 314.1911 | 327.1715 | 342.6511 | 339.9099 | 339.5401 | 337.5368 | 348.4243 | 362.9426 | 439.5693 | 401.2077 | 434.7555 | 418.6638 | 435.4248 | 432.224 | 434.9919 | 434.1141 | 439.3434 | 436.204 | 442.1996 | 452.7304 | 3,952.1593 | 5,201.4286 |
| Model API cost (vendor B) | AGENT WORKSPACE (per 1,000 agent actions) | vendor B x share of tokens | 39,127.449 | 39,959.8028 | 39,583.5016 | 39,331.7957 | 43,019.611 | 42,979.5531 | 46,287.6729 | 46,458.1021 | 46,805.7842 | 33,684.6616 | 35,245.012 | 36,741.9602 | 39,829.8653 | 41,436.6154 | 42,902.0472 | 43,764.3731 | 45,579.8326 | 46,588.9177 | 47,432.2493 | 48,217.2563 | 49,535.3907 | 50,848.4064 | 52,038.7509 | 53,204.0714 | 489,224.906 | 561,377.7763 |
| Hosting, storage and network | AGENT WORKSPACE (per 1,000 agent actions) | per-unit rate + fixed by revenue | 5,028.2447 | 4,962.181 | 4,666.6098 | 4,713.9776 | 4,809.8193 | 5,021.2448 | 5,395.9013 | 5,340.17 | 4,938.7751 | 4,968.3329 | 4,987.6493 | 5,033.2644 | 5,034.7942 | 5,116.705 | 5,152.653 | 5,157.0596 | 5,195.001 | 5,178.1016 | 5,237.737 | 5,260.9303 | 5,266.6865 | 5,208.9797 | 5,342.6571 | 5,337.751 | 59,866.1703 | 62,489.0559 |
| COMPUTE COST | AGENT WORKSPACE (per 1,000 agent actions) | 44,474.0562 | 45,228.0644 | 44,559.7635 | 44,351.4699 | 48,143.6214 | 48,327.9693 | 52,026.2253 | 52,138.182 | 52,084.0994 | 38,990.5312 | 40,581.0855 | 42,138.1672 | 45,304.2287 | 46,954.5281 | 48,489.4556 | 49,340.0964 | 51,210.2584 | 52,199.2432 | 53,104.9782 | 53,912.3008 | 55,241.4206 | 56,493.5901 | 57,823.6076 | 58,994.5529 | 553,043.2356 | 629,068.2608 | |
| Realised price per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.8301 | 16.7342 | 16.6532 | 16.4967 | 16.0823 | 15.7046 | 17.9973 | 15.699 | 15.6926 | 17.5699 | 15.6303 | 15.9454 | 16.7392 | 16.6704 | 16.5781 | 15.6067 | 17.5518 | 16.3249 | |
| Compute cost per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 5.8016 | 5.7414 | 5.9338 | 5.6325 | 5.9807 | 5.7771 | 5.8444 | 5.8143 | 5.6582 | 4.12 | 4.0982 | 4.0821 | 4.0485 | 4.0333 | 4.0229 | 4.0128 | 3.999 | 3.9879 | 3.985 | 3.9797 | 3.9693 | 3.9545 | 3.955 | 3.9467 | 5.3123 | 3.9885 | |
| of which GPU | AGENT WORKSPACE (per 1,000 agent actions) | 0.0415 | 0.0389 | 0.0412 | 0.0388 | 0.039 | 0.0391 | 0.0385 | 0.0379 | 0.0369 | 0.0357 | 0.0352 | 0.0352 | 0.0393 | 0.0345 | 0.0361 | 0.034 | 0.034 | 0.033 | 0.0326 | 0.032 | 0.0316 | 0.0305 | 0.0302 | 0.0303 | 0.038 | 0.033 | |
| of which model API | AGENT WORKSPACE (per 1,000 agent actions) | 5.1042 | 5.0726 | 5.2711 | 4.995 | 5.3442 | 5.1378 | 5.1998 | 5.1809 | 5.0847 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 3.5593 | 4.6993 | 3.5593 | |
| Compute cost % of revenue | AGENT WORKSPACE (per 1,000 agent actions) | 33.11% | 34.08% | 32.51% | 33.17% | 32.73% | 32.27% | 33.03% | 32.8% | 28.53% | 24.62% | 24.61% | 24.74% | 25.17% | 25.68% | 22.35% | 25.56% | 25.48% | 22.7% | 25.5% | 24.96% | 23.71% | 23.72% | 23.86% | 25.29% | 30.27% | 24.43% | |
| Contribution after compute per 1,000 units | AGENT WORKSPACE (per 1,000 agent actions) | 11.7193 | 11.1063 | 12.3182 | 11.3469 | 12.2936 | 12.1241 | 11.8516 | 11.9122 | 14.172 | 12.6142 | 12.555 | 12.4146 | 12.0338 | 11.6713 | 13.9744 | 11.6862 | 11.6936 | 13.5819 | 11.6452 | 11.9657 | 12.7699 | 12.7159 | 12.6231 | 11.66 | 12.2395 | 12.3364 | |
| Check: product compute costs less compute in cost of revenue (must be zero) | CHECK | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Machine learning research scientists | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7.9333 | 7.8672 | 7.8683 | 7.8689 | 8.8689 | 8.8605 | 8.8523 | 8.8524 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 8.8525 | 7.8689 | 8.8525 |
| Machine learning engineers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 11 | 10.9083 | 11.8174 | 11.8106 | 11.8031 | 11.8032 | 11.8033 | 12.8033 | 12.7949 | 12.7867 | 12.7868 | 12.7869 | 12.7869 | 13.7869 | 13.7786 | 13.7703 | 13.7704 | 11.8031 | 13.7704 |
| Software engineers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 13 | 13 | 14 | 14 | 13 | 14 | 14 | 14 | 13.8833 | 13.7676 | 13.7696 | 13.7705 | 15.7705 | 15.7538 | 15.7373 | 15.7376 | 15.7377 | 16.7377 | 16.7294 | 16.7211 | 16.7212 | 16.7213 | 16.7213 | 16.7213 | 13.7705 | 16.7213 |
| CTO and engineering leads | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2.975 | 2.9502 | 2.9506 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 | 2.9508 |
| Product managers and designers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.95 | 5.9004 | 5.9012 | 5.9017 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9016 | 5.9017 | 5.9016 |
| Solutions engineers and support | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 6.9125 | 7.8261 | 7.8158 | 7.8045 | 7.8047 | 7.8049 | 7.8049 | 8.8049 | 8.7924 | 8.78 | 8.7803 | 8.7805 | 8.7805 | 8.7805 | 8.7805 | 8.7805 | 7.8045 | 8.7805 |
| Customer success managers | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4.9375 | 4.8758 | 4.8773 | 4.8781 | 5.8781 | 5.8655 | 5.8532 | 5.8535 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 5.8537 | 4.8781 | 5.8537 |
| Head of sales | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0.9833 | 0.9669 | 0.9675 | 0.9678 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9677 | 0.9678 | 0.9677 |
| Account executives (base salary) | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5.9 | 5.8017 | 6.805 | 6.7899 | 7.7734 | 7.7573 | 7.7412 | 7.7417 | 7.742 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 7.7419 | 6.7899 | 7.7419 |
| Sales development representatives | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 2.95 | 2.9008 | 2.9025 | 2.9033 | 2.9032 | 2.9032 | 2.9032 | 3.9032 | 3.8866 | 3.8702 | 3.8707 | 3.871 | 3.871 | 3.871 | 3.871 | 3.871 | 2.9033 | 3.871 |
| Marketing | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 4.9167 | 4.8347 | 4.8375 | 4.8388 | 4.8387 | 5.8387 | 5.822 | 5.8057 | 5.8062 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 5.8065 | 4.8388 | 5.8065 |
| Founders and executives (CEO, COO) | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1.9867 | 1.9734 | 1.9736 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 | 1.9737 |
| Finance, people and office | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | A: payroll | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 5.96 | 5.9203 | 5.9208 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 5.9211 | 6.9211 | 6.9144 | 6.9078 | 6.9079 | 6.9079 | 6.9079 | 5.9211 | 6.9079 |
| TOTAL HEADCOUNT | HEADCOUNT BY BAND (A: payroll; F: prior + planned hires - leavers + replacements) | 71 | 73 | 76 | 78 | 78 | 79 | 78 | 77 | 76.1967 | 77.4026 | 78.4003 | 78.372 | 83.3557 | 84.3022 | 85.2323 | 87.2088 | 87.1726 | 88.1442 | 89.1368 | 89.1222 | 90.1157 | 90.1076 | 90.0993 | 90.0995 | 78.372 | 90.0995 | |
| Machine learning research scientists | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0667 | 0.0661 | 0.0656 | 0.0656 | 0.0656 | 0.0739 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.2639 | 0.8773 |
| Machine learning engineers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0917 | 0.0909 | 0.0985 | 0.0984 | 0.0984 | 0.0984 | 0.0984 | 0.1067 | 0.1066 | 0.1066 | 0.1066 | 0.1066 | 0.1066 | 0.1149 | 0.1148 | 0.1148 | 0.3795 | 1.2791 |
| Software engineers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1167 | 0.1157 | 0.1147 | 0.1147 | 0.1148 | 0.1314 | 0.1313 | 0.1311 | 0.1311 | 0.1311 | 0.1395 | 0.1394 | 0.1393 | 0.1393 | 0.1393 | 0.1393 | 0.4618 | 1.6072 |
| CTO and engineering leads | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.025 | 0.0248 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.0246 | 0.099 | 0.2951 |
| Product managers and designers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.0496 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.0492 | 0.1979 | 0.5902 |
| Solutions engineers and support | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0875 | 0.0864 | 0.0978 | 0.0977 | 0.0976 | 0.0976 | 0.0976 | 0.0976 | 0.1101 | 0.1099 | 0.1098 | 0.1098 | 0.1098 | 0.1098 | 0.1098 | 0.1098 | 0.3694 | 1.2687 |
| Customer success managers | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0625 | 0.0617 | 0.0609 | 0.061 | 0.061 | 0.0735 | 0.0733 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.0732 | 0.2461 | 0.8663 |
| Head of sales | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0167 | 0.0164 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0161 | 0.0653 | 0.1935 |
| Account executives (base salary) | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.0983 | 0.0967 | 0.1134 | 0.1132 | 0.1296 | 0.1293 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.129 | 0.4084 | 1.5333 |
| Sales development representatives | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.05 | 0.0492 | 0.0483 | 0.0484 | 0.0484 | 0.0484 | 0.0484 | 0.0484 | 0.0651 | 0.0648 | 0.0645 | 0.0645 | 0.0645 | 0.0645 | 0.0645 | 0.0645 | 0.1959 | 0.7105 |
| Marketing | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0833 | 0.0819 | 0.0806 | 0.0806 | 0.0806 | 0.0806 | 0.0973 | 0.097 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.0968 | 0.3265 | 1.1298 |
| Founders and executives (CEO, COO) | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0133 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0132 | 0.0529 | 0.1579 |
| Finance, people and office | LEAVERS AND HIRES (forecast; fractional FTE) | prior headcount x annual rate / 12 x factor | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.0397 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0395 | 0.0461 | 0.0461 | 0.0461 | 0.0461 | 0.0461 | 0.1587 | 0.5067 |
| Hires in the month (planned and replacements; A: see headcount) | LEAVERS AND HIRES (forecast; fractional FTE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1.8033 | 0.794 | 5.8057 | 1.8223 | 1.822 | 2.8758 | 0.8919 | 1.8993 | 1.9281 | 0.9277 | 1.9356 | 0.9422 | 0.9421 | 0.9504 | 4.5974 | 22.743 | |
| Planned hires in the month (hiring plan x scenario factor) | LEAVERS AND HIRES (forecast; fractional FTE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 5 | 1 | 1 | 2 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 3 | 12 | |
| Hires in the month (actual, from the payroll) | LEAVERS AND HIRES (forecast; fractional FTE) | 1 | 2 | 3 | 2 | 1 | 1 | 0 | 0 | 0 | 2 | 1.8033 | 0.794 | 5.8057 | 1.8223 | 1.822 | 2.8758 | 0.8919 | 1.8993 | 1.9281 | 0.9277 | 1.9356 | 0.9422 | 0.9421 | 0.9504 | 14.5974 | 22.743 | |
| RES: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 57,166.6667 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 65,333.3333 | 64,788.8889 | 64,248.9815 | 64,258.0177 | 64,262.4417 | 74,964.011 | 74,893.5363 | 74,823.6871 | 74,824.8565 | 74,825.4288 | 74,825.4143 | 74,825.4096 | 74,825.4098 | 74,825.4098 | 74,825.4098 | 74,825.4098 | 74,825.4098 | 772,058.3298 | 898,109.3928 |
| MLE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 71,500 | 71,500 | 71,500 | 78,000 | 78,000 | 78,000 | 78,000 | 71,500 | 70,904.1667 | 76,813.2986 | 76,769.0211 | 76,720.1473 | 79,406.1559 | 79,406.5708 | 86,134.0606 | 86,077.9947 | 86,022.3995 | 86,023.33 | 86,023.7856 | 86,023.774 | 92,751.2703 | 92,695.208 | 92,639.6127 | 92,640.5432 | 899,206.6337 | 1,045,844.7054 |
| ENG: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 75,833.3333 | 75,833.3333 | 81,666.6667 | 81,666.6667 | 75,833.3333 | 81,666.6667 | 81,666.6667 | 81,666.6667 | 80,986.1111 | 80,311.2269 | 80,322.5222 | 80,328.0521 | 95,214.3888 | 95,113.7173 | 95,013.9324 | 95,015.6029 | 95,016.4205 | 101,053.8998 | 101,003.5807 | 100,953.6877 | 100,954.5228 | 100,954.9316 | 100,954.9212 | 100,954.9179 | 957,781.2456 | 1,182,204.5236 |
| LEAD: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 30,989.5833 | 30,731.3368 | 30,735.659 | 30,737.775 | 31,813.5416 | 31,813.5238 | 31,813.5245 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 31,813.5246 | 373,194.3542 | 381,762.3112 |
| PRD: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 36,000 | 35,700 | 35,402.5 | 35,407.4792 | 35,409.9168 | 36,649.2 | 36,649.1795 | 36,649.1802 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 36,649.1803 | 429,919.896 | 439,790.1826 |
| SOL: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 26,000 | 26,000 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 30,333.3333 | 29,954.1667 | 33,913.0729 | 33,868.3262 | 33,819.3992 | 35,004.2901 | 35,004.9079 | 35,004.885 | 39,489.8776 | 39,433.8155 | 39,378.4538 | 39,379.8466 | 39,380.5212 | 39,380.4954 | 39,380.4873 | 39,380.4877 | 39,380.4878 | 365,554.9649 | 459,598.556 |
| CSM: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 18,666.6667 | 18,666.6667 | 18,666.6667 | 18,666.6667 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,041.6667 | 22,753.6458 | 22,760.8919 | 22,764.4016 | 28,391.0165 | 28,330.5978 | 28,270.9798 | 28,272.4803 | 28,273.2067 | 28,273.1789 | 28,273.1702 | 28,273.1706 | 28,273.1707 | 28,273.1707 | 28,273.1707 | 28,273.1707 | 259,320.606 | 339,450.4839 |
| SALH: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,833.3333 | 10,652.7778 | 10,475.2315 | 10,481.1998 | 10,484.0595 | 10,850.8493 | 10,850.8025 | 10,850.8058 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 10,850.8065 | 128,759.9352 | 130,209.7157 |
| AE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 31,666.6667 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 38,000 | 37,366.6667 | 36,743.8889 | 43,098.1574 | 43,002.6326 | 50,954.7614 | 50,848.9586 | 50,743.2713 | 50,746.7962 | 50,748.4989 | 50,748.4117 | 50,748.3848 | 50,748.3867 | 50,748.3871 | 50,748.3871 | 50,748.3871 | 50,748.3871 | 457,878.0122 | 609,281.018 |
| SDR: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 13,333.3333 | 10,000 | 10,000 | 9,833.3333 | 9,669.4444 | 9,674.9537 | 9,677.5934 | 10,016.1686 | 10,016.1254 | 10,016.1284 | 13,466.1291 | 13,408.629 | 13,352.0874 | 13,353.9881 | 13,354.8987 | 13,354.8519 | 13,354.8375 | 13,354.8385 | 13,354.8387 | 138,855.3248 | 150,403.5213 |
| MKT: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 19,333.3333 | 19,333.3333 | 19,333.3333 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 24,166.6667 | 23,763.8889 | 23,367.8241 | 23,381.1381 | 23,387.5173 | 24,205.7407 | 29,208.1363 | 29,124.7687 | 29,042.7849 | 29,045.5408 | 29,046.8612 | 29,046.7933 | 29,046.7724 | 29,046.7739 | 29,046.7742 | 29,046.7742 | 29,046.7742 | 272,733.7017 | 343,954.4949 |
| EXE: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,333.3333 | 23,177.7778 | 23,023.2593 | 23,025.3264 | 23,026.3428 | 23,832.2435 | 23,832.2366 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 23,832.2368 | 278,919.3729 | 285,986.8485 |
| GA: gross salaries | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x salary / 12 | 20,833.3333 | 20,833.3333 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 24,833.3333 | 24,667.7778 | 24,669.9926 | 24,671.0815 | 25,534.5466 | 25,534.5392 | 25,534.5394 | 25,534.5395 | 25,534.5395 | 25,534.5395 | 29,847.0395 | 29,818.2895 | 29,789.7311 | 29,790.1132 | 29,790.301 | 29,790.2972 | 290,508.8519 | 332,033.0152 |
| RES: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MLE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ENG: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| LEAD: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PRD: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SOL: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0309 | 0.0309 | 0.0309 | 0.0309 | 0.0309 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0332 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0316 | 0.0323 | 0.0316 |
| CSM: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0252 | 0.0252 | 0.0252 | 0.0252 | 0.0252 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0268 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0257 | 0.0261 | 0.0257 |
| SALH: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0721 | 0.0721 | 0.0721 | 0.0721 | 0.0721 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0779 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0738 | 0.0755 | 0.0738 |
| MKT: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0233 | 0.0233 | 0.0233 | 0.0233 | 0.0233 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0245 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.0236 | 0.024 | 0.0236 |
| EXE: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: RGDU coefficient | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | Tmin + Tdelta x (0.5 x (3 x SMIC x 12 / salary - 1))^1.75 below 3 x SMIC | 0.0348 | 0.0348 | 0.0348 | 0.0348 | 0.0348 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0376 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0357 | 0.0364 | 0.0357 |
| RES: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MLE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ENG: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| LEAD: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PRD: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SOL: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 803.5688 | 803.5688 | 937.497 | 937.497 | 937.497 | 1,007.6727 | 1,007.6727 | 1,007.6727 | 995.0767 | 1,126.5915 | 1,125.105 | 1,123.4797 | 1,105.689 | 1,105.7085 | 1,105.7078 | 1,247.3763 | 1,245.6055 | 1,243.8567 | 1,243.9007 | 1,243.9221 | 1,243.9212 | 1,243.921 | 1,243.921 | 1,243.921 | 11,812.8995 | 14,517.4508 |
| CSM: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 470.6945 | 470.6945 | 470.6945 | 470.6945 | 588.3681 | 625.5274 | 625.5274 | 625.5274 | 617.7083 | 609.9869 | 610.1812 | 610.2753 | 729.0541 | 727.5026 | 725.9717 | 726.0102 | 726.0288 | 726.0281 | 726.0279 | 726.0279 | 726.0279 | 726.0279 | 726.0279 | 726.0279 | 6,795.8798 | 8,716.763 |
| SALH: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 961.6767 | 961.6767 | 961.6767 | 961.6767 | 961.6767 | 1,038.5634 | 778.9226 | 778.9226 | 765.9405 | 753.1748 | 753.604 | 753.8096 | 739.6481 | 739.6449 | 739.6451 | 994.4118 | 990.1657 | 985.9904 | 986.1307 | 986.198 | 986.1945 | 986.1934 | 986.1935 | 986.1935 | 10,431.321 | 11,106.6096 |
| MKT: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 449.7636 | 449.7636 | 449.7636 | 562.2046 | 562.2046 | 593.0496 | 593.0496 | 593.0496 | 583.1655 | 573.446 | 573.7728 | 573.9293 | 572.0119 | 690.2248 | 688.2547 | 686.3173 | 686.3824 | 686.4136 | 686.412 | 686.4115 | 686.4116 | 686.4116 | 686.4116 | 686.4116 | 6,557.1625 | 8,128.0745 |
| EXE: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: RGDU reduction | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | coefficient x gross | 725.9235 | 725.9235 | 871.1082 | 871.1082 | 871.1082 | 939.3936 | 939.3936 | 939.3936 | 933.1309 | 926.9101 | 926.9933 | 927.0342 | 910.331 | 910.3308 | 910.3308 | 910.3308 | 910.3308 | 910.3308 | 1,064.0755 | 1,063.0506 | 1,062.0324 | 1,062.046 | 1,062.0527 | 1,062.0526 | 10,597.4206 | 11,837.2948 |
| RES: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 20,179.2558 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 23,062.0067 | 22,869.8233 | 22,679.2414 | 22,682.4311 | 22,683.9927 | 26,415.9087 | 26,391.0747 | 26,366.4612 | 26,366.8732 | 26,367.0749 | 26,367.0698 | 26,367.0681 | 26,367.0682 | 26,367.0682 | 26,367.0682 | 26,367.0682 | 26,367.0682 | 272,528.7911 | 316,476.8716 | |
| MLE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 26,007.4925 | 26,007.4925 | 26,007.4925 | 28,371.81 | 28,371.81 | 28,371.81 | 28,371.81 | 26,007.4925 | 25,790.7634 | 27,940.1579 | 27,924.0523 | 27,906.2749 | 28,822.5597 | 28,822.7102 | 31,264.6302 | 31,244.2796 | 31,224.0999 | 31,224.4376 | 31,224.603 | 31,224.5988 | 33,666.5211 | 33,646.1718 | 33,625.992 | 33,626.3297 | 327,078.4585 | 379,616.9335 | |
| ENG: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 28,040.2742 | 28,040.2742 | 30,197.2183 | 30,197.2183 | 28,040.2742 | 30,197.2183 | 30,197.2183 | 30,197.2183 | 29,945.5748 | 29,696.0284 | 29,700.205 | 29,702.2497 | 35,125.5106 | 35,088.3719 | 35,051.5603 | 35,052.1766 | 35,052.4782 | 37,279.7628 | 37,261.1996 | 37,242.7936 | 37,243.1016 | 37,243.2525 | 37,243.2486 | 37,243.2474 | 354,150.9721 | 436,126.7037 | |
| LEAD: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,747.9075 | 10,658.3416 | 10,569.5221 | 10,571.0086 | 10,571.7364 | 10,926.5462 | 10,926.5401 | 10,926.5403 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 10,926.5404 | 128,353.8687 | 131,118.49 | |
| PRD: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,252.725 | 13,142.2856 | 13,032.7666 | 13,034.5996 | 13,035.4969 | 13,461.3521 | 13,461.3445 | 13,461.3448 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 13,461.3449 | 158,266.9487 | 161,536.1451 | |
| SOL: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 9,338.5562 | 9,338.5562 | 10,894.9822 | 10,894.9822 | 10,894.9822 | 10,824.8065 | 10,824.8065 | 10,824.8065 | 10,689.4964 | 12,102.2787 | 12,086.3103 | 12,068.8501 | 12,508.6899 | 12,508.9107 | 12,508.9025 | 14,111.6027 | 14,091.5691 | 14,071.7857 | 14,072.2834 | 14,072.5245 | 14,072.5153 | 14,072.5124 | 14,072.5125 | 14,072.5126 | 130,783.4139 | 164,236.3214 | |
| CSM: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 6,705.4689 | 6,705.4689 | 6,705.4689 | 6,705.4689 | 8,381.8361 | 8,344.6768 | 8,344.6768 | 8,344.6768 | 8,240.3683 | 8,137.3637 | 8,139.9551 | 8,141.2103 | 10,155.2699 | 10,133.6585 | 10,112.3336 | 10,112.8703 | 10,113.1301 | 10,113.1202 | 10,113.1171 | 10,113.1172 | 10,113.1173 | 10,113.1172 | 10,113.1172 | 10,113.1172 | 92,896.6394 | 121,419.0858 | |
| SALH: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,712.2442 | 3,650.3734 | 3,589.5339 | 3,591.579 | 3,592.559 | 3,713.2673 | 3,713.2513 | 3,713.2524 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 3,713.2527 | 44,121.9986 | 44,559.045 | |
| AE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 11,562.3708 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,874.845 | 13,643.5976 | 13,416.2043 | 15,736.3225 | 15,701.4437 | 18,564.9907 | 18,526.4422 | 18,487.9359 | 18,489.2201 | 18,489.8405 | 18,489.8087 | 18,489.7989 | 18,489.7996 | 18,489.7998 | 18,489.7997 | 18,489.7997 | 18,489.7997 | 167,183.8539 | 221,987.0355 | |
| SDR: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,325.79 | 4,325.79 | 4,325.79 | 4,325.79 | 4,325.79 | 4,248.9032 | 3,186.6774 | 3,186.6774 | 3,133.5661 | 3,081.34 | 3,083.0957 | 3,083.9368 | 3,232.3637 | 3,232.3498 | 3,232.3508 | 4,345.7163 | 4,327.1602 | 4,308.9134 | 4,309.5268 | 4,309.8207 | 4,309.8056 | 4,309.8009 | 4,309.8012 | 4,309.8013 | 44,633.1466 | 48,537.4109 | |
| MKT: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 6,933.773 | 6,933.773 | 6,933.773 | 8,667.2163 | 8,667.2163 | 8,636.3712 | 8,636.3712 | 8,636.3712 | 8,492.4317 | 8,350.8912 | 8,355.6492 | 8,357.9289 | 8,647.4365 | 10,434.529 | 10,404.7462 | 10,375.4577 | 10,376.4422 | 10,376.9139 | 10,376.8897 | 10,376.8822 | 10,376.8827 | 10,376.8829 | 10,376.8828 | 10,376.8828 | 97,601.7662 | 122,876.8287 | |
| EXE: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,942.9217 | 7,889.9689 | 7,837.3691 | 7,838.0727 | 7,838.4187 | 8,102.6016 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 8,102.5993 | 94,947.2027 | 97,231.1943 | |
| GA: employer URSSAF net of the RGDU | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,466.6307 | 7,466.6307 | 8,959.9568 | 8,959.9568 | 8,959.9568 | 8,891.6714 | 8,891.6714 | 8,891.6714 | 8,832.3936 | 8,773.511 | 8,774.2988 | 8,774.6861 | 9,100.4769 | 9,100.4742 | 9,100.4743 | 9,100.4743 | 9,100.4743 | 9,100.4743 | 10,637.4433 | 10,627.1969 | 10,617.0187 | 10,617.1549 | 10,617.2218 | 10,617.2205 | 103,643.0357 | 118,336.1045 | |
| RES: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,070.0173 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,937.1627 | 6,879.353 | 6,822.025 | 6,822.9845 | 6,823.4543 | 8,005.4415 | 7,997.9155 | 7,990.4563 | 7,990.5812 | 7,990.6423 | 7,990.6407 | 7,990.6402 | 7,990.6403 | 7,990.6403 | 7,990.6403 | 7,990.6403 | 7,990.6403 | 81,977.9728 | 95,909.5191 |
| MLE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,822.332 | 6,822.332 | 6,822.332 | 7,442.544 | 7,442.544 | 7,442.544 | 7,442.544 | 6,822.332 | 6,765.4792 | 7,329.3122 | 7,325.0874 | 7,320.424 | 7,637.5136 | 7,637.5535 | 8,284.623 | 8,279.2304 | 8,273.8831 | 8,273.9726 | 8,274.0164 | 8,274.0153 | 8,921.0853 | 8,915.6931 | 8,910.3458 | 8,910.4353 | 85,799.8069 | 100,592.3674 |
| ENG: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 6,778.7027 | 6,778.7027 | 7,300.1413 | 7,300.1413 | 6,778.7027 | 7,300.1413 | 7,300.1413 | 7,300.1413 | 7,239.3068 | 7,178.9793 | 7,179.9889 | 7,180.4833 | 8,592.3988 | 8,583.3139 | 8,574.3091 | 8,574.4598 | 8,574.5336 | 9,119.3717 | 9,114.8308 | 9,110.3283 | 9,110.4037 | 9,110.4406 | 9,110.4396 | 9,110.4393 | 85,615.573 | 106,685.2692 |
| LEAD: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,601.516 | 3,571.5034 | 3,541.7408 | 3,542.239 | 3,542.4828 | 3,681.663 | 3,681.6609 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 3,681.661 | 43,010.094 | 44,179.9337 |
| PRD: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,276.792 | 3,249.4854 | 3,222.4064 | 3,222.8596 | 3,223.0815 | 3,366.2827 | 3,366.2808 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 3,366.2809 | 39,132.1688 | 40,395.3727 |
| SOL: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,795.192 | 1,795.192 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,094.3907 | 2,068.2108 | 2,341.5568 | 2,338.4672 | 2,335.089 | 2,457.1029 | 2,457.1463 | 2,457.1447 | 2,771.9658 | 2,768.0305 | 2,764.1444 | 2,764.2422 | 2,764.2896 | 2,764.2878 | 2,764.2872 | 2,764.2872 | 2,764.2872 | 25,240.0519 | 32,261.2158 |
| CSM: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,394.3413 | 1,394.3413 | 1,394.3413 | 1,394.3413 | 1,742.9267 | 1,742.9267 | 1,742.9267 | 1,742.9267 | 1,721.1401 | 1,699.6258 | 1,700.1671 | 1,700.4293 | 2,150.9975 | 2,146.4199 | 2,141.9031 | 2,142.0168 | 2,142.0718 | 2,142.0697 | 2,142.069 | 2,142.0691 | 2,142.0691 | 2,142.0691 | 2,142.0691 | 2,142.0691 | 19,370.4343 | 25,717.8931 |
| SALH: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,262.2387 | 1,241.2014 | 1,220.5147 | 1,221.2101 | 1,221.5433 | 1,269.2644 | 1,269.2589 | 1,269.2593 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 1,269.2594 | 15,002.3787 | 15,231.1167 |
| AE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 2,977.5933 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,573.112 | 3,513.5601 | 3,455.0008 | 4,052.488 | 4,043.5059 | 4,831.2794 | 4,821.2477 | 4,811.2269 | 4,811.5612 | 4,811.7226 | 4,811.7143 | 4,811.7118 | 4,811.712 | 4,811.712 | 4,811.712 | 4,811.712 | 4,811.712 | 43,053.9321 | 57,769.0239 |
| SDR: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 801.3333 | 601 | 601 | 590.9833 | 581.1336 | 581.4647 | 581.6234 | 601.9717 | 601.9691 | 601.9693 | 809.3144 | 805.8586 | 802.4605 | 802.5747 | 802.6294 | 802.6266 | 802.6257 | 802.6258 | 802.6258 | 8,345.205 | 9,039.2516 |
| MKT: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,493.1147 | 1,493.1147 | 1,493.1147 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,866.3933 | 1,835.2868 | 1,804.6987 | 1,805.7269 | 1,806.2196 | 1,894.3352 | 2,285.8214 | 2,279.2971 | 2,272.8811 | 2,273.0968 | 2,273.2001 | 2,273.1948 | 2,273.1932 | 2,273.1933 | 2,273.1933 | 2,273.1933 | 2,273.1933 | 21,063.2426 | 26,917.7928 |
| EXE: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,771.4107 | 2,752.9346 | 2,734.5817 | 2,734.8272 | 2,734.9479 | 2,840.835 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 2,840.8342 | 33,128.5768 | 34,090.0113 |
| GA: employer Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | bands 1 and 2, CET, APEC | 1,372.5267 | 1,372.5267 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,647.032 | 1,636.0518 | 1,625.1448 | 1,625.2907 | 1,625.3624 | 1,712.7478 | 1,712.7474 | 1,712.7474 | 1,712.7474 | 1,712.7474 | 1,712.7474 | 2,002.0114 | 2,000.0829 | 1,998.1674 | 1,998.193 | 1,998.2056 | 1,998.2053 | 19,139.095 | 22,271.3503 |
| RES: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 7,611.2079 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,698.5233 | 8,626.0356 | 8,554.152 | 8,555.3551 | 8,555.9441 | 9,943.934 | 9,934.5856 | 9,925.3201 | 9,925.4752 | 9,925.5511 | 9,925.5492 | 9,925.5486 | 9,925.5486 | 9,925.5486 | 9,925.5486 | 9,925.5486 | 9,925.5486 | 102,792.3581 | 119,133.7069 | |
| MLE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 10,139.9237 | 10,139.9237 | 10,139.9237 | 11,061.735 | 11,061.735 | 11,061.735 | 11,061.735 | 10,139.9237 | 10,055.4244 | 10,893.4404 | 10,887.1611 | 10,880.23 | 11,212.1441 | 11,212.2027 | 12,162.1238 | 12,154.2073 | 12,146.3573 | 12,146.4887 | 12,146.553 | 12,146.5514 | 13,096.4734 | 13,088.5574 | 13,080.7074 | 13,080.8388 | 127,522.8909 | 147,673.2054 | |
| ENG: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 11,122.9246 | 11,122.9246 | 11,978.5342 | 11,978.5342 | 11,122.9246 | 11,978.5342 | 11,978.5342 | 11,978.5342 | 11,878.713 | 11,779.7238 | 11,781.3805 | 11,782.1916 | 13,900.1786 | 13,885.4817 | 13,870.9143 | 13,871.1582 | 13,871.2776 | 14,752.6784 | 14,745.3324 | 14,738.0486 | 14,738.1705 | 14,738.2302 | 14,738.2287 | 14,738.2282 | 140,483.4536 | 172,587.9273 | |
| LEAD: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,932.2381 | 3,899.4695 | 3,866.9739 | 3,867.5178 | 3,867.784 | 3,990.8975 | 3,990.8952 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 3,990.8953 | 46,959.6502 | 47,890.7458 | |
| PRD: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,232.96 | 5,189.352 | 5,146.1074 | 5,146.8312 | 5,147.1855 | 5,302.8236 | 5,302.8207 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 5,302.8208 | 62,493.1561 | 63,633.8523 | |
| SOL: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,239.935 | 4,239.935 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,946.5908 | 4,884.7584 | 5,530.3548 | 5,523.0578 | 5,515.079 | 5,675.8985 | 5,675.9987 | 5,675.995 | 6,403.2305 | 6,394.1401 | 6,385.1633 | 6,385.3891 | 6,385.4985 | 6,385.4943 | 6,385.493 | 6,385.4931 | 6,385.4931 | 59,612.665 | 74,523.2872 | |
| CSM: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,959.0267 | 2,959.0267 | 2,959.0267 | 2,959.0267 | 3,698.7833 | 3,698.7833 | 3,698.7833 | 3,698.7833 | 3,652.5485 | 3,606.8917 | 3,608.0403 | 3,608.5967 | 4,476.1175 | 4,466.5919 | 4,457.1926 | 4,457.4291 | 4,457.5437 | 4,457.5393 | 4,457.5379 | 4,457.538 | 4,457.538 | 4,457.538 | 4,457.538 | 4,457.538 | 41,107.3172 | 53,517.6421 | |
| SALH: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,352.1221 | 1,329.5867 | 1,307.4269 | 1,308.1719 | 1,308.5288 | 1,350.2901 | 1,350.2843 | 1,350.2847 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 1,350.2848 | 16,070.6909 | 16,203.4222 | |
| AE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,526.3042 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,431.565 | 5,341.0389 | 5,252.0216 | 6,160.2748 | 6,146.6209 | 7,250.9899 | 7,235.9339 | 7,220.8944 | 7,221.396 | 7,221.6383 | 7,221.6259 | 7,221.622 | 7,221.6223 | 7,221.6224 | 7,221.6224 | 7,221.6224 | 7,221.6224 | 65,447.2154 | 86,702.2121 | |
| SDR: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 2,244.0333 | 1,683.025 | 1,683.025 | 1,654.9746 | 1,627.3917 | 1,628.3189 | 1,628.7632 | 1,685.7462 | 1,685.7389 | 1,685.7395 | 2,266.3832 | 2,256.7058 | 2,247.1897 | 2,247.5096 | 2,247.6628 | 2,247.655 | 2,247.6525 | 2,247.6527 | 2,247.6527 | 23,369.6983 | 25,313.2886 | |
| MKT: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,025.2283 | 3,025.2283 | 3,025.2283 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,781.5354 | 3,718.5098 | 3,656.5347 | 3,658.618 | 3,659.6162 | 3,767.5589 | 4,546.1684 | 4,533.1924 | 4,520.4319 | 4,520.8608 | 4,521.0663 | 4,521.0558 | 4,521.0525 | 4,521.0527 | 4,521.0528 | 4,521.0528 | 4,521.0528 | 42,676.6408 | 53,535.5979 | |
| EXE: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,869.7483 | 2,850.6167 | 2,831.6126 | 2,831.8668 | 2,831.9918 | 2,922.914 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 2,922.9132 | 34,304.0745 | 35,074.9592 | |
| GA: employee URSSAF, CSG and CRDS | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 3,450.5271 | 3,450.5271 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,140.6325 | 4,113.0283 | 4,085.6081 | 4,085.9749 | 4,086.1553 | 4,204.5823 | 4,204.5811 | 4,204.5811 | 4,204.5811 | 4,204.5811 | 4,204.5811 | 4,914.6881 | 4,909.9541 | 4,905.2516 | 4,905.3145 | 4,905.3454 | 4,905.3448 | 48,115.6157 | 54,673.3864 | |
| RES: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,049.5548 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,628.0627 | 4,589.4955 | 4,551.2497 | 4,551.8898 | 4,552.2032 | 5,340.751 | 5,335.7301 | 5,330.7537 | 5,330.837 | 5,330.8778 | 5,330.8768 | 5,330.8764 | 5,330.8765 | 5,330.8765 | 5,330.8765 | 5,330.8765 | 5,330.8765 | 54,690.8316 | 63,985.0852 | |
| MLE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,551.5195 | 4,551.5195 | 4,551.5195 | 4,965.294 | 4,965.294 | 4,965.294 | 4,965.294 | 4,551.5195 | 4,513.5902 | 4,889.7514 | 4,886.9328 | 4,883.8216 | 5,095.3623 | 5,095.3889 | 5,527.0809 | 5,523.4832 | 5,519.9158 | 5,519.9755 | 5,520.0047 | 5,520.004 | 5,951.6963 | 5,948.0989 | 5,944.5314 | 5,944.5911 | 57,241.35 | 67,110.133 | |
| ENG: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 4,522.4552 | 4,522.4552 | 4,870.3363 | 4,870.3363 | 4,522.4552 | 4,870.3363 | 4,870.3363 | 4,870.3363 | 4,829.7502 | 4,789.5023 | 4,790.1759 | 4,790.5057 | 5,732.4661 | 5,726.405 | 5,720.3974 | 5,720.498 | 5,720.5472 | 6,084.039 | 6,081.0094 | 6,078.0056 | 6,078.0559 | 6,078.0805 | 6,078.0799 | 6,078.0797 | 57,118.9812 | 71,175.6636 | |
| LEAD: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,402.6935 | 2,382.6711 | 2,362.8155 | 2,363.1478 | 2,363.3105 | 2,456.1611 | 2,456.1597 | 2,456.1597 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 2,456.1598 | 28,693.4928 | 29,473.9183 | |
| PRD: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,186.127 | 2,167.9093 | 2,149.8434 | 2,150.1457 | 2,150.2938 | 2,245.8282 | 2,245.8269 | 2,245.8269 | 2,245.827 | 2,245.827 | 2,245.827 | 2,245.827 | 2,245.827 | 2,245.827 | 2,245.827 | 2,245.827 | 2,245.827 | 26,107.2081 | 26,949.9246 | |
| SOL: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,197.727 | 1,197.727 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,397.3482 | 1,379.8813 | 1,562.254 | 1,560.1926 | 1,557.9388 | 1,639.3395 | 1,639.3684 | 1,639.3674 | 1,849.4109 | 1,846.7854 | 1,844.1926 | 1,844.2579 | 1,844.2895 | 1,844.2883 | 1,844.2879 | 1,844.2879 | 1,844.2879 | 16,839.8097 | 21,524.1635 | |
| CSM: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 930.2713 | 930.2713 | 930.2713 | 930.2713 | 1,162.8392 | 1,162.8392 | 1,162.8392 | 1,162.8392 | 1,148.3037 | 1,133.9499 | 1,134.311 | 1,134.4859 | 1,435.0906 | 1,432.0366 | 1,429.0231 | 1,429.099 | 1,429.1357 | 1,429.1343 | 1,429.1338 | 1,429.1338 | 1,429.1339 | 1,429.1339 | 1,429.1339 | 1,429.1339 | 12,923.4925 | 17,158.3224 | |
| SALH: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 842.0812 | 828.0465 | 814.2457 | 814.7096 | 814.9319 | 846.7679 | 846.7642 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 846.7645 | 10,008.5831 | 10,161.1772 | |
| AE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,986.5058 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,383.807 | 2,344.0769 | 2,305.0089 | 2,703.6234 | 2,697.631 | 3,223.1914 | 3,216.4988 | 3,209.8134 | 3,210.0364 | 3,210.1441 | 3,210.1386 | 3,210.1369 | 3,210.137 | 3,210.137 | 3,210.137 | 3,210.137 | 3,210.137 | 28,723.495 | 38,540.6448 | |
| SDR: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 534.6667 | 401 | 401 | 394.3167 | 387.7447 | 387.9656 | 388.0715 | 401.6484 | 401.6466 | 401.6468 | 539.9918 | 537.686 | 535.4187 | 535.4949 | 535.5314 | 535.5296 | 535.529 | 535.529 | 535.529 | 5,568.0985 | 6,031.1812 | |
| MKT: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 996.1647 | 996.1647 | 996.1647 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,245.2058 | 1,224.4524 | 1,204.0449 | 1,204.7309 | 1,205.0596 | 1,263.845 | 1,525.0331 | 1,520.6803 | 1,516.3997 | 1,516.5436 | 1,516.6125 | 1,516.609 | 1,516.6079 | 1,516.608 | 1,516.608 | 1,516.608 | 1,516.608 | 14,052.8109 | 17,958.7632 | |
| EXE: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,848.8957 | 1,836.5697 | 1,824.3259 | 1,824.4897 | 1,824.5702 | 1,895.2101 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 1,895.2095 | 22,101.1209 | 22,742.515 | |
| GA: employee Agirc-Arrco | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | 915.7392 | 915.7392 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,098.887 | 1,091.5611 | 1,084.284 | 1,084.3814 | 1,084.4292 | 1,142.7279 | 1,142.7276 | 1,142.7276 | 1,142.7276 | 1,142.7276 | 1,142.7276 | 1,335.7216 | 1,334.435 | 1,333.157 | 1,333.1741 | 1,333.1825 | 1,333.1823 | 12,769.456 | 14,859.2185 | |
| RES: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 6,598.8615 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,541.556 | 7,478.7097 | 7,416.3871 | 7,417.4302 | 7,417.9409 | 8,654.1333 | 8,645.9975 | 8,637.9338 | 8,638.0688 | 8,638.1349 | 8,638.1332 | 8,638.1327 | 8,638.1327 | 8,638.1327 | 8,638.1327 | 8,638.1327 | 8,638.1327 | 89,120.2217 | 103,681.1976 |
| MLE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 7,061.4925 | 7,061.4925 | 7,061.4925 | 7,703.4463 | 7,703.4463 | 7,703.4463 | 7,703.4463 | 7,061.4925 | 7,002.6467 | 7,586.2452 | 7,581.8722 | 7,577.0453 | 7,843.3355 | 7,843.3765 | 8,507.8837 | 8,502.3458 | 8,496.8544 | 8,496.9463 | 8,496.9913 | 8,496.9901 | 9,161.4979 | 9,155.9604 | 9,150.469 | 9,150.5609 | 88,807.5645 | 103,303.2117 |
| ENG: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 6,858.3498 | 6,858.3498 | 7,385.9152 | 7,385.9152 | 6,858.3498 | 7,385.9152 | 7,385.9152 | 7,385.9152 | 7,324.3659 | 7,263.3295 | 7,264.3511 | 7,264.8512 | 8,612.4104 | 8,603.3044 | 8,594.2786 | 8,594.4297 | 8,594.5036 | 9,140.6107 | 9,136.0592 | 9,131.5462 | 9,131.6217 | 9,131.6587 | 9,131.6578 | 9,131.6575 | 86,621.5232 | 106,933.7385 |
| LEAD: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,644.9826 | 4,606.2744 | 4,567.8888 | 4,568.5313 | 4,568.8458 | 4,729.1275 | 4,729.1248 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 4,729.1249 | 55,471.4012 | 56,749.5018 |
| PRD: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,256.7307 | 3,229.5913 | 3,202.678 | 3,203.1285 | 3,203.349 | 3,315.9253 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 3,315.9235 | 38,892.5927 | 39,791.084 |
| SOL: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,704.2514 | 1,704.2514 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,988.2933 | 1,963.4397 | 2,222.9386 | 2,220.0055 | 2,216.7985 | 2,294.9129 | 2,294.9534 | 2,294.952 | 2,588.9921 | 2,585.3166 | 2,581.6871 | 2,581.7784 | 2,581.8226 | 2,581.8209 | 2,581.8204 | 2,581.8204 | 2,581.8204 | 23,961.4452 | 30,131.6974 |
| CSM: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,377.8306 | 1,377.8306 | 1,377.8306 | 1,377.8306 | 1,722.2882 | 1,722.2882 | 1,722.2882 | 1,722.2882 | 1,700.7596 | 1,679.5001 | 1,680.035 | 1,680.294 | 2,095.9865 | 2,091.5261 | 2,087.1248 | 2,087.2355 | 2,087.2892 | 2,087.2871 | 2,087.2865 | 2,087.2865 | 2,087.2865 | 2,087.2865 | 2,087.2865 | 2,087.2865 | 19,141.064 | 25,060.1681 |
| SALH: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,610.6038 | 1,583.7604 | 1,557.3644 | 1,558.2517 | 1,558.6769 | 1,613.3326 | 1,613.3257 | 1,613.3262 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 1,613.3263 | 19,142.8837 | 19,359.921 |
| AE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,126.7343 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,752.0812 | 3,689.5465 | 3,628.054 | 4,255.468 | 4,246.036 | 5,031.889 | 5,021.4408 | 5,011.0039 | 5,011.352 | 5,011.5202 | 5,011.5116 | 5,011.5089 | 5,011.5091 | 5,011.5091 | 5,011.5091 | 5,011.5091 | 5,011.5091 | 45,210.4069 | 60,167.7721 |
| SDR: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 656.072 | 656.072 | 656.072 | 656.072 | 656.072 | 656.072 | 492.054 | 492.054 | 483.8531 | 475.7889 | 476.06 | 476.1899 | 492.8496 | 492.8475 | 492.8476 | 662.6063 | 659.777 | 656.9948 | 657.0883 | 657.1331 | 657.1308 | 657.1301 | 657.1302 | 657.1302 | 6,832.4318 | 7,400.6654 |
| MKT: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,427.6516 | 1,427.6516 | 1,427.6516 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,784.5645 | 1,754.8217 | 1,725.5747 | 1,726.5579 | 1,727.0289 | 1,787.7617 | 2,157.2233 | 2,151.066 | 2,145.0109 | 2,145.2145 | 2,145.312 | 2,145.307 | 2,145.3054 | 2,145.3056 | 2,145.3056 | 2,145.3056 | 2,145.3056 | 20,139.7604 | 25,403.4232 |
| EXE: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,855.9029 | 3,830.1968 | 3,804.6622 | 3,805.0038 | 3,805.1718 | 3,938.6319 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 3,938.6308 | 46,092.2575 | 47,263.5709 |
| GA: income tax withheld at source | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | rate x (gross - employee contributions + CSG not deductible) | 1,364.8529 | 1,364.8529 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,637.8234 | 1,626.9046 | 1,616.0586 | 1,616.2037 | 1,616.275 | 1,673.1824 | 1,673.1819 | 1,673.1819 | 1,673.1819 | 1,673.1819 | 1,673.1819 | 1,955.7637 | 1,953.8798 | 1,952.0085 | 1,952.0336 | 1,952.0459 | 1,952.0456 | 19,032.0883 | 21,756.8689 |
| RES: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 880 | 872.6667 | 865.3944 | 865.5162 | 865.5757 | 999.9636 | 999.0235 | 998.0918 | 998.1074 | 998.115 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 998.1148 | 10,399.153 | 11,980.1046 |
| MLE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 1,210 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 1,210 | 1,199.9167 | 1,299.9174 | 1,299.168 | 1,298.341 | 1,330.8129 | 1,330.8199 | 1,443.5697 | 1,442.6301 | 1,441.6983 | 1,441.7139 | 1,441.7216 | 1,441.7214 | 1,554.4713 | 1,553.5317 | 1,552.6 | 1,552.6156 | 15,217.343 | 17,527.9064 |
| ENG: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 1,430 | 1,430 | 1,540 | 1,540 | 1,430 | 1,540 | 1,540 | 1,540 | 1,527.1667 | 1,514.4403 | 1,514.6533 | 1,514.7576 | 1,778.1238 | 1,776.2437 | 1,774.3803 | 1,774.4115 | 1,774.4267 | 1,887.1763 | 1,886.2366 | 1,885.3049 | 1,885.3205 | 1,885.3281 | 1,885.3279 | 1,885.3279 | 18,061.0178 | 22,077.6083 |
| LEAD: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 330 | 330 | 330 | 330 | 330 | 330 | 330 | 330 | 327.25 | 324.5229 | 324.5686 | 324.5909 | 332.7051 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 332.7049 | 3,940.9324 | 3,992.4592 |
| PRD: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 654.5 | 649.0458 | 649.1371 | 649.1818 | 665.4102 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 665.4098 | 7,881.8648 | 7,984.9184 |
| SOL: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 660 | 660 | 770 | 770 | 770 | 770 | 770 | 770 | 760.375 | 860.8703 | 859.7344 | 858.4924 | 879.9852 | 880.0008 | 880.0002 | 992.75 | 991.3406 | 989.9489 | 989.9839 | 990.0008 | 990.0002 | 990 | 990 | 990 | 9,279.4722 | 11,554.0105 |
| CSM: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 440 | 550 | 550 | 550 | 550 | 543.125 | 536.3359 | 536.5067 | 536.5895 | 662.751 | 661.3406 | 659.9489 | 659.9839 | 660.0008 | 660.0002 | 660 | 660 | 660 | 660 | 660 | 660 | 6,112.5571 | 7,924.0253 |
| SALH: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 108.1667 | 106.3639 | 106.4245 | 106.4535 | 109.1133 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 109.1129 | 1,307.4086 | 1,309.3552 |
| AE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 550 | 660 | 660 | 660 | 660 | 660 | 660 | 660 | 649 | 638.1833 | 748.5469 | 746.8878 | 876.453 | 874.6331 | 872.8152 | 872.8759 | 872.9051 | 872.9036 | 872.9032 | 872.9032 | 872.9032 | 872.9032 | 872.9032 | 872.9032 | 7,952.6181 | 10,480.0053 |
| SDR: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 440 | 440 | 440 | 330 | 330 | 324.5 | 319.0917 | 319.2735 | 319.3606 | 327.34 | 327.3386 | 327.3387 | 440.0887 | 438.2095 | 436.3617 | 436.4238 | 436.4536 | 436.452 | 436.4516 | 436.4516 | 436.4516 | 4,582.2257 | 4,915.3615 |
| MKT: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 440 | 440 | 440 | 550 | 550 | 550 | 550 | 550 | 540.8333 | 531.8194 | 532.1225 | 532.2676 | 545.5667 | 658.3143 | 656.4353 | 654.5875 | 654.6496 | 654.6794 | 654.6778 | 654.6774 | 654.6774 | 654.6774 | 654.6774 | 654.6774 | 6,207.0429 | 7,752.2977 |
| EXE: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 220 | 218.5333 | 217.0764 | 217.0959 | 217.1055 | 222.533 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 222.5329 | 2,629.8112 | 2,670.3948 |
| GA: health, protection and transport schemes | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | headcount x cost per head | 550 | 550 | 660 | 660 | 660 | 660 | 660 | 660 | 655.6 | 651.2293 | 651.2878 | 651.3166 | 667.5989 | 667.5987 | 667.5987 | 667.5987 | 667.5987 | 667.5987 | 780.3487 | 779.597 | 778.8504 | 778.8604 | 778.8653 | 778.8652 | 7,669.4337 | 8,680.9791 |
| RES: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 75,074.3458 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,799.2524 | 85,084.2586 | 84,375.2231 | 84,387.0901 | 84,392.8998 | 98,446.8251 | 98,354.2739 | 98,262.5441 | 98,264.0798 | 98,264.8314 | 98,264.8123 | 98,264.8062 | 98,264.8064 | 98,264.8065 | 98,264.8065 | 98,264.8065 | 98,264.8065 | 1,013,908.5843 | 1,179,446.2052 |
| MLE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 73,030.8772 | 73,030.8772 | 73,030.8772 | 79,670.0478 | 79,670.0478 | 79,670.0478 | 79,670.0478 | 73,030.8772 | 72,422.2865 | 78,457.9381 | 78,412.7126 | 78,362.7924 | 81,106.3605 | 81,106.7842 | 87,978.3196 | 87,921.0533 | 87,864.2677 | 87,865.2182 | 87,865.6835 | 87,865.6717 | 94,737.2137 | 94,679.951 | 94,623.1653 | 94,624.1157 | 918,459.4294 | 1,068,237.8044 |
| ENG: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 38,728.3086 | 38,728.3086 | 41,707.4092 | 41,707.4092 | 38,728.3086 | 41,707.4092 | 41,707.4092 | 41,707.4092 | 41,359.8475 | 41,015.1821 | 41,020.9506 | 41,023.7748 | 48,626.3044 | 48,574.8911 | 48,523.9306 | 48,524.7838 | 48,525.2013 | 51,608.562 | 51,582.8639 | 51,557.3833 | 51,557.8098 | 51,558.0186 | 51,558.0133 | 51,558.0116 | 489,141.7267 | 603,755.7737 |
| LEAD: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,239.7694 | 18,087.7713 | 17,937.0399 | 17,939.5626 | 17,940.7977 | 18,568.7003 | 18,568.6899 | 18,568.6903 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 18,568.6904 | 217,823.3268 | 222,824.294 |
| PRD: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,252.9517 | 5,209.1771 | 5,165.7673 | 5,166.4938 | 5,166.8495 | 5,347.6835 | 5,347.6805 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 5,347.6806 | 62,731.9013 | 64,172.17 |
| SOL: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CSM: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SALH: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| AE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SDR: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| MKT: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EXE: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| GA: CIR-eligible personnel cost | PAY BY BAND (forecast basis; actual months are memo, the payroll journal by department is used) | research share x (gross + employer contributions) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Research and development: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 40 | 41 | 42 | 43 | 42 | 43 | 43 | 42 | 41.65 | 42.3029 | 42.3004 | 42.295 | 45.295 | 45.2701 | 46.2453 | 46.2374 | 46.2293 | 47.2294 | 47.2212 | 47.2129 | 48.213 | 48.2048 | 48.1965 | 48.1967 | 42.295 | 48.1967 | |
| Research and development: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 271,356.79 | 279,644.1 | 284,994.22 | 293,129.64 | 286,465.73 | 292,350.55 | 292,577.46 | 286,745.35 | 283,368.75 | 287,507.3438 | 287,492.6992 | 287,458.333 | 318,047.2973 | 317,876.5277 | 324,434.3848 | 324,381.1591 | 324,326.9538 | 330,365.3491 | 330,315.4808 | 330,265.5764 | 336,993.9079 | 336,938.2543 | 336,882.6486 | 336,883.5758 | 3,433,090.9659 | 3,947,711.1156 | |
| Research and development: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 98,305.61 | 101,080.11 | 103,127.91 | 105,634.79 | 103,675.59 | 105,575.49 | 105,687.75 | 103,217.21 | 102,406.7888 | 103,917.7163 | 103,912.2966 | 103,899.7507 | 114,751.8772 | 114,690.0415 | 117,070.5368 | 117,051.2146 | 117,031.5382 | 119,259.1554 | 119,240.7559 | 119,222.3458 | 121,664.5762 | 121,644.3777 | 121,624.1941 | 121,624.5306 | 1,240,441.0124 | 1,424,875.1439 | |
| Research and development: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Research and development: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 26,523.58 | 27,503.35 | 27,822.05 | 28,599.6 | 27,957.74 | 28,480.84 | 28,574.6 | 27,930.34 | 27,705.1278 | 28,094.4637 | 28,093.1594 | 28,089.9258 | 31,283.2996 | 31,266.7247 | 31,897.3302 | 31,892.2133 | 31,887.0009 | 32,431.9269 | 32,427.4293 | 32,422.9258 | 33,070.0712 | 33,064.7158 | 33,059.3676 | 33,059.4568 | 335,374.7767 | 387,762.4621 | |
| Research and development: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,400 | 4,510 | 4,620 | 4,730 | 4,620 | 4,730 | 4,730 | 4,620 | 4,581.5 | 4,653.3208 | 4,653.0432 | 4,652.447 | 5,107.0156 | 5,104.2019 | 5,214.1565 | 5,213.2637 | 5,212.3548 | 5,325.1198 | 5,324.1877 | 5,323.2558 | 5,436.0213 | 5,435.0894 | 5,434.1574 | 5,434.1729 | 55,500.311 | 63,562.9969 | |
| Research and development: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 38,039.25 | 39,126.57 | 39,982.18 | 40,903.99 | 40,048.38 | 40,903.99 | 40,903.99 | 39,982.18 | 39,648.9945 | 40,240.3975 | 40,238.2457 | 40,233.3353 | 44,349.9778 | 44,325.9859 | 45,252.0743 | 45,244.5569 | 45,236.9021 | 46,118.4324 | 46,111.1501 | 46,103.8647 | 47,053.9087 | 47,046.0523 | 47,038.2008 | 47,038.3317 | 480,251.503 | 550,919.4377 | |
| Research and development: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 17,712.35 | 18,290.86 | 18,638.74 | 19,052.51 | 18,704.63 | 19,052.51 | 19,052.51 | 18,638.74 | 18,483.4162 | 18,743.1622 | 18,742.292 | 18,740.1347 | 20,870.5686 | 20,859.5106 | 21,280.2187 | 21,276.8049 | 21,273.3275 | 21,636.8779 | 21,633.8773 | 21,630.8727 | 22,062.6154 | 22,059.0425 | 22,055.4745 | 22,055.534 | 223,851.8551 | 258,694.7246 | |
| Research and development: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 28,420.42 | 29,363.11 | 29,890.68 | 30,532.63 | 30,005.07 | 30,532.63 | 30,532.63 | 29,890.68 | 29,641.5881 | 30,036.5287 | 30,035.3133 | 30,032.0322 | 33,154.9321 | 33,137.7267 | 33,785.1445 | 33,779.8927 | 33,774.5413 | 34,320.7386 | 34,316.2316 | 34,311.7175 | 34,976.3008 | 34,970.8003 | 34,965.3079 | 34,965.3995 | 358,913.3122 | 410,458.7335 | |
| Research and development: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 187,184.77 | 192,863.56 | 196,482.62 | 202,640.51 | 197,707.65 | 201,861.42 | 202,088.33 | 198,233.75 | 195,594.7512 | 198,487.2553 | 198,476.8483 | 198,452.8308 | 219,671.8189 | 219,553.3045 | 224,116.9473 | 224,079.9045 | 224,042.1829 | 228,289.3001 | 228,254.2218 | 228,219.1215 | 232,901.083 | 232,862.3591 | 232,823.6655 | 232,824.3106 | 2,370,074.2956 | 2,727,638.2198 | |
| Solutions, support and customer success: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 10 | 10 | 11 | 11 | 12 | 12 | 12 | 12 | 11.85 | 12.7019 | 12.6931 | 12.6826 | 13.6828 | 13.6704 | 13.6581 | 14.6584 | 14.646 | 14.6337 | 14.634 | 14.6342 | 14.6341 | 14.6341 | 14.6341 | 14.6341 | 12.6826 | 14.6341 | |
| Solutions, support and customer success: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 44,731.88 | 44,644.94 | 48,929.27 | 49,028.66 | 53,697.65 | 53,568.65 | 53,627.56 | 53,606.43 | 52,995.8333 | 56,666.7188 | 56,629.2181 | 56,583.8008 | 63,395.3066 | 63,335.5057 | 63,275.8648 | 67,762.3579 | 67,707.0222 | 67,651.6327 | 67,653.0168 | 67,653.6919 | 67,653.6661 | 67,653.658 | 67,653.6584 | 67,653.6585 | 624,710.611 | 799,049.0398 | |
| Solutions, support and customer success: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 16,001.64 | 16,049.25 | 17,545.79 | 17,665.12 | 19,286.37 | 19,168.16 | 19,180.91 | 19,215.38 | 18,929.8648 | 20,239.6424 | 20,226.2654 | 20,210.0604 | 22,663.9598 | 22,642.5693 | 22,621.2361 | 24,224.473 | 24,204.6992 | 24,184.9059 | 24,185.4005 | 24,185.6417 | 24,185.6325 | 24,185.6296 | 24,185.6298 | 24,185.6298 | 223,718.4529 | 285,655.4073 | |
| Solutions, support and customer success: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,274.26 | 1,274.26 | 1,408.19 | 1,408.19 | 1,525.87 | 1,633.2 | 1,633.2 | 1,633.2 | 1,612.785 | 1,736.5785 | 1,735.2862 | 1,733.755 | 1,834.7431 | 1,833.2111 | 1,831.6794 | 1,973.3865 | 1,971.6343 | 1,969.8849 | 1,969.9287 | 1,969.95 | 1,969.9492 | 1,969.9489 | 1,969.9489 | 1,969.9489 | 18,608.7747 | 23,234.2138 | |
| Solutions, support and customer success: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 3,190.8 | 3,194.07 | 3,487.66 | 3,490.78 | 3,834.33 | 3,836.43 | 3,828.49 | 3,834.7 | 3,789.3509 | 4,041.1826 | 4,038.6343 | 4,035.5183 | 4,608.1004 | 4,603.5662 | 4,599.0478 | 4,913.9825 | 4,910.1023 | 4,906.2141 | 4,906.3112 | 4,906.3586 | 4,906.3568 | 4,906.3563 | 4,906.3563 | 4,906.3563 | 44,601.9461 | 57,979.1089 | |
| Solutions, support and customer success: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,100 | 1,100 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 1,303.5 | 1,397.2062 | 1,396.2412 | 1,395.0819 | 1,542.7362 | 1,541.3413 | 1,539.949 | 1,652.7339 | 1,651.3415 | 1,649.9491 | 1,649.9839 | 1,650.0008 | 1,650.0002 | 1,650 | 1,650 | 1,650 | 15,392.0293 | 19,478.0358 | |
| Solutions, support and customer success: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 7,198.96 | 7,198.96 | 7,905.62 | 7,905.62 | 8,645.37 | 8,645.37 | 8,645.37 | 8,645.37 | 8,537.307 | 9,137.2465 | 9,131.0981 | 9,123.6757 | 10,152.016 | 10,142.5906 | 10,133.1876 | 10,860.6596 | 10,851.6838 | 10,842.7026 | 10,842.927 | 10,843.0365 | 10,843.0323 | 10,843.031 | 10,843.0311 | 10,843.0311 | 100,719.9672 | 128,040.9292 | |
| Solutions, support and customer success: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 2,128 | 2,128 | 2,327.62 | 2,327.62 | 2,560.19 | 2,560.19 | 2,560.19 | 2,560.19 | 2,528.185 | 2,696.2038 | 2,694.5036 | 2,692.4247 | 3,074.4301 | 3,071.4051 | 3,068.3905 | 3,278.5099 | 3,275.921 | 3,273.3269 | 3,273.3917 | 3,273.4233 | 3,273.4221 | 3,273.4217 | 3,273.4218 | 3,273.4218 | 29,763.3171 | 38,682.4858 | |
| Solutions, support and customer success: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 3,082.08 | 3,082.08 | 3,366.12 | 3,366.12 | 3,710.58 | 3,710.58 | 3,710.58 | 3,710.58 | 3,664.1993 | 3,902.4387 | 3,900.0405 | 3,897.0925 | 4,390.8995 | 4,386.4795 | 4,382.0767 | 4,676.2276 | 4,672.6058 | 4,668.9742 | 4,669.0649 | 4,669.1091 | 4,669.1074 | 4,669.1069 | 4,669.1069 | 4,669.1069 | 43,102.491 | 55,191.8655 | |
| Solutions, support and customer success: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 32,322.84 | 32,235.9 | 35,329.91 | 35,429.3 | 38,781.51 | 38,652.51 | 38,711.42 | 38,690.29 | 38,266.1421 | 40,930.8297 | 40,903.5759 | 40,870.608 | 45,777.9609 | 45,735.0305 | 45,692.2101 | 48,946.9607 | 48,906.8116 | 48,866.6291 | 48,867.6332 | 48,868.123 | 48,868.1043 | 48,868.0984 | 48,868.0987 | 48,868.0988 | 451,124.8356 | 577,133.7593 | |
| Sales and marketing: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 14 | 15 | 15 | 16 | 16 | 16 | 15 | 15 | 14.75 | 14.5042 | 15.5124 | 15.4997 | 16.4831 | 17.467 | 17.4342 | 18.4183 | 18.4025 | 18.3863 | 18.3869 | 18.3871 | 18.3871 | 18.3871 | 18.3871 | 18.3871 | 15.4997 | 18.3871 | |
| Sales and marketing: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 75,446.95 | 81,502.72 | 81,398.84 | 86,372.25 | 86,271.42 | 86,334.25 | 82,709.59 | 82,918.92 | 81,616.6667 | 80,256.3889 | 86,635.4491 | 86,551.8027 | 96,027.5199 | 100,924.0227 | 100,734.9743 | 104,106.5167 | 104,053.4751 | 103,998.1668 | 103,999.9726 | 104,000.8643 | 104,000.8194 | 104,000.8053 | 104,000.8063 | 104,000.8065 | 998,015.2473 | 1,233,848.75 | |
| Sales and marketing: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 26,631.89 | 28,865.77 | 28,843.65 | 30,672.06 | 30,602.95 | 30,487.31 | 29,428.75 | 29,363.32 | 28,919.9689 | 28,437.9694 | 30,766.6463 | 30,735.8684 | 34,158.0582 | 35,906.5724 | 35,838.2853 | 36,923.6468 | 36,906.6956 | 36,888.8887 | 36,889.468 | 36,889.7552 | 36,889.7407 | 36,889.7362 | 36,889.7365 | 36,889.7366 | 353,756.153 | 437,960.3202 | |
| Sales and marketing: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,411.44 | 1,411.44 | 1,411.44 | 1,523.88 | 1,523.88 | 1,631.61 | 1,371.97 | 1,371.97 | 1,349.106 | 1,326.6209 | 1,327.3767 | 1,327.7389 | 1,311.66 | 1,429.8696 | 1,427.8998 | 1,680.7291 | 1,676.5481 | 1,672.404 | 1,672.5427 | 1,672.6095 | 1,672.6061 | 1,672.605 | 1,672.6051 | 1,672.6051 | 16,988.4725 | 19,234.6841 | |
| Sales and marketing: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,538.52 | 7,124.55 | 7,120.81 | 7,495.61 | 7,494.91 | 7,525.81 | 7,298.54 | 7,283.75 | 7,181.0316 | 7,061.3477 | 7,660.8897 | 7,652.892 | 8,596.8507 | 8,978.2972 | 8,961.7527 | 9,163.016 | 9,159.9373 | 9,156.6342 | 9,156.7406 | 9,156.7939 | 9,156.7912 | 9,156.7904 | 9,156.7904 | 9,156.7905 | 87,438.6611 | 108,957.1851 | |
| Sales and marketing: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 1,540 | 1,650 | 1,650 | 1,760 | 1,760 | 1,760 | 1,650 | 1,650 | 1,622.5 | 1,595.4583 | 1,706.3674 | 1,704.9696 | 1,858.473 | 1,969.3989 | 1,965.7021 | 2,076.665 | 2,074.8772 | 2,073.0576 | 2,073.1178 | 2,073.1471 | 2,073.1456 | 2,073.1451 | 2,073.1452 | 2,073.1452 | 20,049.2953 | 24,457.0197 | |
| Sales and marketing: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 11,147.69 | 12,052.95 | 12,052.95 | 12,809.26 | 12,809.26 | 12,809.26 | 12,248.25 | 12,248.25 | 12,044.11 | 11,843.3749 | 12,755.3836 | 12,743.529 | 14,054.5851 | 14,818.1255 | 14,790.1109 | 15,358.4958 | 15,349.4896 | 15,340.1667 | 15,340.4721 | 15,340.6224 | 15,340.6148 | 15,340.6125 | 15,340.6126 | 15,340.6127 | 147,564.2675 | 181,754.5209 | |
| Sales and marketing: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,359.42 | 4,756.72 | 4,756.72 | 5,005.76 | 5,005.76 | 5,005.76 | 4,872.09 | 4,872.09 | 4,790.8924 | 4,711.0442 | 5,111.0296 | 5,105.6939 | 5,735.4526 | 5,989.9427 | 5,978.9049 | 6,113.1924 | 6,111.1382 | 6,108.9344 | 6,109.0053 | 6,109.0409 | 6,109.0391 | 6,109.0385 | 6,109.0386 | 6,109.0386 | 58,352.9802 | 72,691.7663 | |
| Sales and marketing: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,821.06 | 7,446.41 | 7,446.41 | 7,803.32 | 7,803.32 | 7,803.32 | 7,639.3 | 7,639.3 | 7,511.9817 | 7,386.782 | 8,016.3376 | 8,007.9316 | 8,925.833 | 9,284.8372 | 9,268.2437 | 9,432.2955 | 9,429.8379 | 9,427.1446 | 9,427.2305 | 9,427.274 | 9,427.2718 | 9,427.2711 | 9,427.2712 | 9,427.2712 | 91,325.4729 | 112,331.7816 | |
| Sales and marketing: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 53,118.78 | 57,246.64 | 57,142.76 | 60,753.91 | 60,653.08 | 60,715.91 | 57,949.95 | 58,159.28 | 57,269.6825 | 56,315.1878 | 60,752.6984 | 60,694.6481 | 67,311.6492 | 70,831.1173 | 70,697.7147 | 73,202.533 | 73,163.0094 | 73,121.9211 | 73,123.2647 | 73,123.9271 | 73,123.8936 | 73,123.8832 | 73,123.8839 | 73,123.8841 | 700,772.5268 | 867,070.6811 | |
| General and administrative: headcount | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 7.9467 | 7.8937 | 7.8944 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 7.8947 | 8.8947 | 8.8881 | 8.8814 | 8.8815 | 8.8816 | 8.8816 | 7.8947 | 8.8816 | |
| General and administrative: gross salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 44,038.84 | 44,160.07 | 48,481.69 | 48,284.21 | 48,232.1 | 48,300.51 | 48,343.52 | 48,411.5 | 48,011.1111 | 47,691.037 | 47,695.319 | 47,697.4243 | 49,366.7901 | 49,366.7758 | 49,366.7762 | 49,366.7763 | 49,366.7763 | 49,366.7763 | 53,679.2763 | 53,650.5263 | 53,621.968 | 53,622.35 | 53,622.5379 | 53,622.5341 | 569,347.3315 | 618,019.8637 | |
| General and administrative: employer URSSAF net of the RGDU | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 15,411.81 | 15,436.28 | 16,921.53 | 16,868.15 | 16,906.94 | 16,873.59 | 16,802.42 | 16,818.28 | 16,722.3625 | 16,610.8801 | 16,612.3715 | 16,613.1048 | 17,203.0785 | 17,203.0735 | 17,203.0736 | 17,203.0737 | 17,203.0737 | 17,203.0737 | 18,740.0427 | 18,729.7962 | 18,719.6181 | 18,719.7542 | 18,719.8212 | 18,719.8198 | 198,597.7188 | 215,567.2987 | |
| General and administrative: RGDU reduction (memo) | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 725.92 | 725.92 | 871.11 | 871.11 | 871.11 | 939.39 | 939.39 | 939.39 | 933.1309 | 926.9101 | 926.9933 | 927.0342 | 910.331 | 910.3308 | 910.3308 | 910.3308 | 910.3308 | 910.3308 | 1,064.0755 | 1,063.0506 | 1,062.0324 | 1,062.046 | 1,062.0527 | 1,062.0526 | 10,597.4085 | 11,837.2948 | |
| General and administrative: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 4,145.81 | 4,147.51 | 4,421.57 | 4,418.95 | 4,423.95 | 4,425.14 | 4,425.64 | 4,433.12 | 4,388.9864 | 4,359.7265 | 4,360.1179 | 4,360.3104 | 4,553.5828 | 4,553.5815 | 4,553.5816 | 4,553.5816 | 4,553.5816 | 4,553.5816 | 4,842.8456 | 4,840.9172 | 4,839.0016 | 4,839.0272 | 4,839.0398 | 4,839.0396 | 52,310.8311 | 56,361.3616 | |
| General and administrative: schemes | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 770 | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 874.1333 | 868.3058 | 868.3837 | 868.4221 | 890.1318 | 890.1316 | 890.1316 | 890.1316 | 890.1316 | 890.1316 | 1,002.8816 | 1,002.1299 | 1,001.3833 | 1,001.3932 | 1,001.3982 | 1,001.3981 | 10,299.2449 | 11,351.3739 | |
| General and administrative: employee URSSAF, CSG and CRDS | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 6,320.28 | 6,320.28 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 6,963.645 | 6,917.2207 | 6,917.8417 | 6,918.1471 | 7,127.4963 | 7,127.4942 | 7,127.4943 | 7,127.4943 | 7,127.4943 | 7,127.4943 | 7,837.6013 | 7,832.8673 | 7,828.1648 | 7,828.2277 | 7,828.2586 | 7,828.258 | 82,419.6944 | 89,748.3455 | |
| General and administrative: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 2,764.63 | 2,764.63 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,928.1308 | 2,908.6099 | 2,908.8711 | 2,908.9995 | 3,037.938 | 3,037.9371 | 3,037.9372 | 3,037.9372 | 3,037.9372 | 3,037.9372 | 3,230.9312 | 3,229.6445 | 3,228.3665 | 3,228.3836 | 3,228.392 | 3,228.3918 | 34,870.5512 | 37,601.7335 | |
| General and administrative: income tax withheld at source | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 5,220.76 | 5,220.76 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,457.1015 | 5,420.7208 | 5,421.2075 | 5,421.4468 | 5,611.8143 | 5,611.8127 | 5,611.8127 | 5,611.8127 | 5,611.8127 | 5,611.8127 | 5,894.3945 | 5,892.5107 | 5,890.6393 | 5,890.6644 | 5,890.6767 | 5,890.6764 | 65,124.3765 | 69,020.4398 | |
| General and administrative: net salaries | PAYROLL BY DEPARTMENT (A: payroll journal; F: sum of bands) | 29,733.17 | 29,854.4 | 33,029.8 | 32,832.32 | 32,780.21 | 32,848.62 | 32,891.63 | 32,959.61 | 32,662.2339 | 32,444.4857 | 32,447.3987 | 32,448.831 | 33,589.5415 | 33,589.5318 | 33,589.5321 | 33,589.5321 | 33,589.5321 | 33,589.5321 | 36,716.3493 | 36,695.5038 | 36,674.7973 | 36,675.0744 | 36,675.2106 | 36,675.2078 | 386,932.7093 | 421,649.3449 | |
| Days accrued | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | headcount x 25 / 12 | 147.9167 | 152.0833 | 158.3333 | 162.5 | 162.5 | 164.5833 | 162.5 | 160.4167 | 158.7431 | 161.2555 | 163.334 | 163.275 | 173.6577 | 175.6296 | 177.5672 | 181.685 | 181.6095 | 183.6337 | 185.7016 | 185.6714 | 187.7411 | 187.7241 | 187.707 | 187.7072 | 1,917.4409 | 2,196.0352 |
| Days taken | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | A: HR system; F: headcount x 25 x seasonal share | 70.3 | 147.8 | 70.6 | 163.4 | 178 | 107.6 | 292.7 | 574.9 | 57.1475 | 96.7533 | 58.8002 | 137.151 | 83.3557 | 168.6044 | 85.2323 | 174.4176 | 196.1382 | 110.1802 | 356.5471 | 623.8557 | 67.5868 | 112.6345 | 67.5745 | 157.6741 | 1,955.1521 | 2,203.8012 |
| Days outstanding at month end | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 742.6167 | 746.9 | 834.6333 | 833.7333 | 818.2333 | 875.2167 | 745.0167 | 330.5333 | 432.1289 | 496.6311 | 601.1649 | 627.2889 | 717.5909 | 724.6161 | 816.951 | 824.2184 | 809.6897 | 883.1432 | 712.2977 | 274.1133 | 394.2676 | 469.3573 | 589.4897 | 619.5229 | 627.2889 | 619.5229 | |
| Cost of a day (gross pay + employer contributions per head / working days) | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 410.9817 | 413.0151 | 408.6993 | 409.2032 | 407.5407 | 407.1 | 409.6915 | 409.7941 | 409.4255 | 408.3218 | 408.5636 | 408.5733 | 423.3228 | 422.2329 | 422.6117 | 418.8463 | 418.8982 | 418.8119 | 417.291 | 417.3012 | 417.7073 | 417.7039 | 417.7006 | 417.7006 | 409.2425 | 419.1774 | |
| PAID LEAVE PROVISION | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | days x cost of a day | 305,201.8629 | 308,480.9797 | 341,114.0281 | 341,166.3574 | 333,463.3547 | 356,300.7188 | 305,227.0288 | 135,450.6025 | 176,924.566 | 202,785.2991 | 245,614.105 | 256,293.4928 | 303,772.5826 | 305,956.7586 | 345,253.0773 | 345,220.8257 | 339,177.5199 | 369,870.9117 | 297,235.4254 | 114,387.8229 | 164,688.448 | 196,052.3408 | 246,230.1837 | 258,775.0854 | 256,293.4928 | 258,775.0854 |
| Movement in the provision (charged to payroll cost) | PAID LEAVE PROVISION (25 working days a year accrue monthly; valued at gross pay plus employer contributions) | 41,461.7129 | 3,279.1168 | 32,633.0484 | 52.3293 | -7,703.0028 | 22,837.3642 | -51,073.69 | -169,776.4264 | 41,473.9636 | 25,860.733 | 42,828.8059 | 10,679.3878 | 47,479.0899 | 2,184.176 | 39,296.3187 | -32.2516 | -6,043.3058 | 30,693.3917 | -72,635.4863 | -182,847.6024 | 50,300.6251 | 31,363.8928 | 50,177.8429 | 12,544.9017 | -7,446.6572 | 2,481.5926 | |
| Research and development: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 25,830.0666 | 2,037.964 | 20,052.0689 | 32.1703 | -4,648.8312 | 13,893.3742 | -31,310.1224 | -103,210.5956 | 25,220.21 | 15,748.3844 | 25,734.9773 | 6,418.4287 | 28,662.7528 | 1,306.2927 | 23,705.4528 | -19.1743 | -3,593.3482 | 18,390.2167 | -43,179.5607 | -108,695.9289 | 30,147.4262 | 18,796.5352 | 30,069.8291 | 7,517.7298 | -4,201.9047 | 3,108.2232 |
| Research and development: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 426,416.0466 | 414,775.524 | 440,616.2489 | 432,126.2003 | 418,070.2288 | 445,030.2542 | 400,259.6876 | 319,302.3044 | 443,282.3766 | 439,921.229 | 449,886.1757 | 430,518.8852 | 497,852.2426 | 470,243.7886 | 502,321.8611 | 478,518.6764 | 474,864.4995 | 505,771.768 | 444,128.2931 | 378,538.1749 | 527,312.0027 | 515,878.9723 | 527,070.1968 | 504,519.466 | 5,060,205.1613 | 5,827,019.9417 | |
| Solutions, support and customer success: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 4,257.964 | 325.3592 | 3,442.6421 | 5.3808 | -871.4177 | 2,545.7428 | -5,738.9434 | -19,295.0001 | 4,716.7023 | 3,103.9529 | 5,069.1779 | 1,263.4147 | 5,713.2509 | 260.2731 | 4,623.3787 | -4.0055 | -750.1532 | 3,765.9161 | -8,843.75 | -22,265.9623 | 6,052.2872 | 3,774.1466 | 6,038.7021 | 1,509.7261 | -1,175.0244 | -126.1903 |
| Solutions, support and customer success: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 69,282.284 | 65,313.6192 | 74,615.3621 | 71,399.9408 | 77,266.9323 | 80,438.9828 | 72,218.0166 | 58,681.5099 | 81,735.2513 | 85,448.703 | 87,359.5369 | 83,487.8761 | 97,923.3538 | 92,383.2556 | 96,659.4765 | 98,549.5418 | 97,723.012 | 102,158.6179 | 89,550.9624 | 76,129.7308 | 104,447.9429 | 102,169.7905 | 104,434.3466 | 99,905.3708 | 907,248.0149 | 1,162,035.4015 | |
| Sales and marketing: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 7,181.6878 | 593.9679 | 5,727.1869 | 9.4792 | -1,400.0323 | 4,102.8623 | -8,851.1514 | -29,845.6841 | 7,263.996 | 4,396.091 | 7,755.1928 | 1,932.5464 | 8,654.0998 | 414.7406 | 7,360.4041 | -6.1538 | -1,152.8501 | 5,789.1932 | -13,595.1034 | -34,228.4251 | 9,303.8982 | 5,801.8191 | 9,283.0144 | 2,320.8314 | -1,133.8574 | -54.5316 |
| Sales and marketing: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 117,339.0478 | 119,737.0079 | 124,740.4869 | 126,309.3992 | 124,729.2477 | 130,210.2323 | 112,235.7286 | 91,370.3059 | 126,604.1632 | 121,747.2554 | 134,524.5453 | 128,578.0791 | 149,295.0017 | 148,193.0318 | 154,861.1185 | 152,263.6907 | 151,042.1352 | 157,905.9406 | 138,524.1956 | 117,892.1354 | 161,424.3952 | 157,922.296 | 161,403.4927 | 154,441.31 | 1,458,125.4992 | 1,805,168.7433 | |
| General and administrative: leave provision movement | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | by share of gross pay | 4,191.9945 | 321.8256 | 3,411.1505 | 5.2991 | -782.7215 | 2,295.385 | -5,173.4728 | -17,425.1466 | 4,273.0552 | 2,612.3047 | 4,269.4578 | 1,064.9979 | 4,448.9864 | 202.8695 | 3,607.0831 | -2.9181 | -546.9543 | 2,748.0658 | -7,017.0722 | -17,657.2862 | 4,797.0135 | 2,991.392 | 4,786.2974 | 1,196.6144 | -935.8706 | -445.9087 |
| General and administrative: PAYROLL COST | PAYROLL COST BY DEPARTMENT (gross + employer contributions + schemes + share of the leave provision movement) | 68,558.4545 | 64,835.6856 | 74,115.9405 | 70,456.6091 | 69,660.2685 | 72,774.625 | 65,278.1072 | 53,117.7534 | 74,269.6485 | 72,142.2541 | 73,805.65 | 70,604.2594 | 76,462.5696 | 72,216.432 | 75,620.6461 | 72,010.6451 | 71,466.6089 | 74,761.6289 | 71,247.974 | 60,566.0834 | 82,978.9844 | 81,173.9167 | 82,969.0944 | 79,379.4059 | 829,619.2558 | 900,853.9893 | |
| Commissions earned | COMMISSIONS (account executives; expensed, IFRS 15.94) | A: statements; F: rate x commitments signed | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 14,250 | 27,462 | 25,950 | 9,360 | 0 | 47,616 | 6,480 | 40,122 | 10,800 | 37,926 | 35,472 | 9,690 | 15,390 | 29,178 | 26,856 | 9,384 | 218,022 | 268,914 |
| Employer contributions on commissions earned (accrued) | COMMISSIONS (account executives; expensed, IFRS 15.94) | marginal rates | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 6,543.885 | 12,611.0996 | 11,916.759 | 4,298.2992 | 0 | 21,866.2195 | 2,975.7456 | 18,424.8248 | 4,959.576 | 17,416.3777 | 16,289.4518 | 4,449.8418 | 7,067.3958 | 13,399.1212 | 12,332.8123 | 4,309.3205 | 100,120.0628 | 123,490.6871 |
| COMMISSION COST (in sales and marketing) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 44,652.132 | 0 | 54,282.984 | 0 | 44,652.132 | 49,029.792 | 13,132.98 | 20,793.885 | 40,073.0996 | 37,866.759 | 13,658.2992 | 0 | 69,482.2195 | 9,455.7456 | 58,546.8248 | 15,759.576 | 55,342.3777 | 51,761.4518 | 14,139.8418 | 22,457.3958 | 42,577.1212 | 39,188.8123 | 13,693.3205 | 318,142.0628 | 392,404.6871 | |
| Commissions paid (gross, with the next payroll) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 14,250 | 27,462 | 25,950 | 9,360 | 0 | 47,616 | 6,480 | 40,122 | 10,800 | 37,926 | 35,472 | 9,690 | 15,390 | 29,178 | 26,856 | 208,662 | 268,890 | |
| URSSAF on commissions paid (employer and employee) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 12,557.0925 | 0 | 15,265.485 | 0 | 12,557.0925 | 13,788.18 | 3,693.2625 | 5,847.6656 | 11,269.375 | 10,648.9069 | 3,840.993 | 0 | 19,539.8208 | 2,659.149 | 16,464.5642 | 4,431.915 | 15,563.4082 | 14,556.3786 | 3,976.4126 | 6,315.4789 | 11,973.557 | 11,020.6953 | 85,627.06 | 110,342.3726 | |
| Agirc-Arrco on commissions paid (employer and employee) | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 7,558.2 | 0 | 9,188.4 | 0 | 7,558.2 | 8,299.2 | 2,223 | 3,519.75 | 6,783.114 | 6,409.65 | 2,311.92 | 0 | 11,761.152 | 1,600.56 | 9,910.134 | 2,667.6 | 9,367.722 | 8,761.584 | 2,393.43 | 3,801.33 | 7,206.966 | 6,633.432 | 51,539.514 | 66,415.83 | |
| Income tax withheld on commissions paid | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 3,049.0452 | 0 | 3,706.6824 | 0 | 3,049.0452 | 3,347.9712 | 896.778 | 1,419.8985 | 2,736.3686 | 2,585.7099 | 932.6491 | 0 | 4,744.5535 | 645.6802 | 3,997.8363 | 1,076.1336 | 3,779.0225 | 3,534.501 | 965.531 | 1,533.4904 | 2,907.3543 | 2,675.9856 | 20,791.499 | 26,792.7374 | |
| Commissions paid, net | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 0 | 21,487.7943 | 0 | 26,122.4166 | 0 | 21,487.7943 | 23,594.4408 | 6,319.9395 | 10,006.5709 | 19,284.2421 | 18,222.4922 | 6,572.7371 | 0 | 33,436.6932 | 4,550.3564 | 28,174.2903 | 7,583.9274 | 26,632.2251 | 24,908.9882 | 6,804.4682 | 10,807.0965 | 20,489.2439 | 18,858.6995 | 146,525.6907 | 188,818.7258 | |
| Commissions payable | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 14,250 | 27,462 | 25,950 | 9,360 | 0 | 47,616 | 6,480 | 40,122 | 10,800 | 37,926 | 35,472 | 9,690 | 15,390 | 29,178 | 26,856 | 9,384 | 9,360 | 9,384 | |
| Employer contributions accrued on commissions | COMMISSIONS (account executives; expensed, IFRS 15.94) | 0 | 14,052.132 | 0 | 17,082.984 | 0 | 14,052.132 | 15,429.792 | 4,132.98 | 6,543.885 | 12,611.0996 | 11,916.759 | 4,298.2992 | 0 | 21,866.2195 | 2,975.7456 | 18,424.8248 | 4,959.576 | 17,416.3777 | 16,289.4518 | 4,449.8418 | 7,067.3958 | 13,399.1212 | 12,332.8123 | 4,309.3205 | 4,298.2992 | 4,309.3205 | |
| URSSAF due for the month (employer and employee, incl. commissions paid) | PAYROLL LIABILITIES AND PAYMENTS | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.37 | 254,250.725 | 241,473.55 | 252,464.9125 | 250,288.55 | 237,866.3039 | 243,192.1133 | 251,829.5239 | 251,126.3782 | 268,302.042 | 266,856.4529 | 289,575.8198 | 276,652.7637 | 290,376.1407 | 281,396.7347 | 294,751.2259 | 293,704.3084 | 286,501.7007 | 288,812.9001 | 294,443.0417 | 293,490.6455 | 2,913,095.8294 | 3,424,863.776 | |
| URSSAF paid (5th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 213,682.42 | 219,057.13 | 226,130.17 | 245,947.1 | 239,469.37 | 254,250.73 | 241,473.55 | 252,464.91 | 250,288.55 | 237,866.3039 | 243,192.1133 | 251,829.5239 | 251,126.3782 | 268,302.042 | 266,856.4529 | 289,575.8198 | 276,652.7637 | 290,376.1407 | 281,396.7347 | 294,751.2259 | 293,704.3084 | 286,501.7007 | 288,812.9001 | 294,443.0417 | 2,875,651.8712 | 3,382,499.5087 |
| URSSAF PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 219,057.13 | 226,130.17 | 245,947.1025 | 239,469.3725 | 254,250.7275 | 241,473.5475 | 252,464.91 | 250,288.55 | 237,866.3039 | 243,192.1133 | 251,829.5239 | 251,126.3782 | 268,302.042 | 266,856.4529 | 289,575.8198 | 276,652.7637 | 290,376.1407 | 281,396.7347 | 294,751.2259 | 293,704.3084 | 286,501.7007 | 288,812.9001 | 294,443.0417 | 293,490.6455 | 251,126.3782 | 293,490.6455 | |
| Income tax withheld in the month (incl. commissions) | PAYROLL LIABILITIES AND PAYMENTS | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.8 | 50,719.3824 | 47,540.26 | 50,425.2852 | 50,082.2612 | 47,171.6485 | 48,166.3687 | 50,109.2674 | 49,944.213 | 53,016.1279 | 52,420.8561 | 57,791.8311 | 54,145.9088 | 57,486.6341 | 55,104.8038 | 58,085.944 | 57,835.1122 | 55,928.8504 | 56,491.333 | 57,859.7169 | 57,628.4396 | 579,257.1517 | 673,795.5578 | |
| Withholding paid (5th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 42,455.68 | 43,544.32 | 45,112.36 | 49,245.99 | 47,195.8 | 50,719.38 | 47,540.26 | 50,425.29 | 50,082.254 | 47,171.6485 | 48,166.3687 | 50,109.2674 | 49,944.213 | 53,016.1279 | 52,420.8561 | 57,791.8311 | 54,145.9088 | 57,486.6341 | 55,104.8038 | 58,085.944 | 57,835.1122 | 55,928.8504 | 56,491.333 | 57,859.7169 | 571,768.6187 | 666,111.3312 |
| INCOME TAX WITHHELD PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 43,544.32 | 45,112.36 | 49,245.9852 | 47,195.7952 | 50,719.3776 | 47,540.2576 | 50,425.2828 | 50,082.254 | 47,171.6485 | 48,166.3687 | 50,109.2674 | 49,944.213 | 53,016.1279 | 52,420.8561 | 57,791.8311 | 54,145.9088 | 57,486.6341 | 55,104.8038 | 58,085.944 | 57,835.1122 | 55,928.8504 | 56,491.333 | 57,859.7169 | 57,628.4396 | 49,944.213 | 57,628.4396 | |
| Agirc-Arrco and schemes due for the month (incl. commissions) | PAYROLL LIABILITIES AND PAYMENTS | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,649.782 | 89,016.647 | 88,616.4698 | 93,470.4995 | 91,866.0389 | 104,748.2547 | 95,662.5918 | 103,947.7851 | 97,711.2914 | 104,998.4252 | 104,380.0945 | 99,199.6442 | 100,597.7338 | 103,993.5476 | 103,420.1774 | 1,019,345.3132 | 1,203,996.0842 | |
| Agirc-Arrco and schemes paid (25th of the following month) | PAYROLL LIABILITIES AND PAYMENTS | A: bank | 73,047.74 | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,649.782 | 89,016.647 | 88,616.4698 | 93,470.4995 | 91,866.0389 | 104,748.2547 | 95,662.5918 | 103,947.7851 | 97,711.2914 | 104,998.4252 | 104,380.0945 | 99,199.6442 | 100,597.7338 | 103,993.5476 | 1,003,776.5834 | 1,189,192.3766 |
| AGIRC-ARRCO AND SCHEMES PAYABLE | PAYROLL LIABILITIES AND PAYMENTS | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 89,269.91 | 82,399.7544 | 84,649.782 | 89,016.647 | 88,616.4698 | 93,470.4995 | 91,866.0389 | 104,748.2547 | 95,662.5918 | 103,947.7851 | 97,711.2914 | 104,998.4252 | 104,380.0945 | 99,199.6442 | 100,597.7338 | 103,993.5476 | 103,420.1774 | 88,616.4698 | 103,420.1774 | |
| Net pay (salaries and commissions, last working day) | PAYROLL LIABILITIES AND PAYMENTS | 302,359.56 | 312,200.5 | 343,472.8843 | 331,656.04 | 356,044.8666 | 334,078.46 | 353,129.1243 | 351,637.3708 | 330,112.7492 | 338,184.3294 | 351,864.7633 | 350,689.41 | 372,923.7076 | 369,708.9841 | 407,533.0974 | 384,369.2868 | 407,875.8263 | 391,451.3099 | 413,593.694 | 411,815.6636 | 398,372.3465 | 402,336.5116 | 411,980.1025 | 410,350.2007 | 4,055,430.0579 | 4,782,310.7309 | |
| Gross salaries | TOTALS AND RESEARCH TIME | 435,574.46 | 449,951.83 | 463,804.02 | 476,814.76 | 474,666.9 | 480,553.96 | 477,258.13 | 471,682.2 | 465,992.3611 | 472,121.4884 | 478,452.6854 | 478,291.3608 | 526,836.9139 | 531,502.8321 | 537,812.0002 | 545,616.81 | 545,454.2275 | 551,381.9249 | 555,647.7466 | 555,570.659 | 562,270.3614 | 562,215.0676 | 562,159.6512 | 562,160.5749 | 5,625,164.1557 | 6,598,628.7691 | |
| Payroll cost (all departments, excl. commissions) | TOTALS AND RESEARCH TIME | 681,595.8329 | 664,661.8368 | 714,088.0384 | 700,292.1493 | 689,726.6772 | 728,454.0942 | 649,991.54 | 522,471.8736 | 725,891.4395 | 719,259.4414 | 745,575.9079 | 713,189.0999 | 821,533.1677 | 783,036.508 | 829,463.1021 | 801,342.554 | 795,096.2555 | 840,597.9554 | 743,451.425 | 633,126.1244 | 876,163.325 | 857,144.9755 | 875,877.1305 | 838,245.5526 | 8,255,197.9312 | 9,695,078.0758 | |
| RGDU reduction (memo) | TOTALS AND RESEARCH TIME | 3,411.62 | 3,411.62 | 3,690.74 | 3,803.18 | 3,920.86 | 4,204.2 | 3,944.56 | 3,944.56 | 3,895.0219 | 3,990.1094 | 3,989.6562 | 3,988.528 | 4,056.7341 | 4,173.4115 | 4,169.91 | 4,564.4464 | 4,558.5132 | 4,552.6196 | 4,706.5469 | 4,705.61 | 4,704.5877 | 4,704.6 | 4,704.6067 | 4,704.6066 | 46,194.6556 | 54,306.1927 | |
| CIR-ELIGIBLE PERSONNEL COST | TOTALS AND RESEARCH TIME | A: time records; F: bands x research share | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 222,163.341 | 226,951.1505 | 226,926.8098 | 226,887.1142 | 252,095.8738 | 251,952.3196 | 258,681.1653 | 258,626.2878 | 258,570.6714 | 261,654.9635 | 261,629.7245 | 261,604.2324 | 268,476.201 | 268,419.1471 | 268,362.3561 | 268,363.3048 | 2,708,569.6955 | 3,138,436.2474 |
| Recruitment cost of hires | TOTALS AND RESEARCH TIME | hires x cost | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 13,525 | 5,955.1458 | 43,542.4384 | 13,667.5265 | 13,664.6288 | 21,568.8311 | 6,689.0892 | 14,244.7836 | 14,461.0863 | 6,957.4427 | 14,516.776 | 7,066.3549 | 7,065.5516 | 7,127.7269 | 34,480.1458 | 170,572.236 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eligible personnel costs (research time) | People | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 222,163.341 | 226,951.1505 | 226,926.8098 | 226,887.1142 | 252,095.8738 | 251,952.3196 | 258,681.1653 | 258,626.2878 | 258,570.6714 | 261,654.9635 | 261,629.7245 | 261,604.2324 | 268,476.201 | 268,419.1471 | 268,362.3561 | 268,363.3048 | 2,708,569.6955 | 3,138,436.2474 | |
| Operating costs at the flat rate | personnel x 40% | 84,962.484 | 88,683.324 | 89,600.692 | 92,989.472 | 91,727.488 | 91,953.608 | 92,325.288 | 90,014.156 | 88,865.3364 | 90,780.4602 | 90,770.7239 | 90,754.8457 | 100,838.3495 | 100,780.9279 | 103,472.4661 | 103,450.5151 | 103,428.2686 | 104,661.9854 | 104,651.8898 | 104,641.693 | 107,390.4804 | 107,367.6588 | 107,344.9424 | 107,345.3219 | 1,083,427.8782 | 1,255,374.499 | |
| Eligible base | 297,368.694 | 310,391.634 | 313,602.422 | 325,463.152 | 321,046.208 | 321,837.628 | 323,138.508 | 315,049.546 | 311,028.6774 | 317,731.6107 | 317,697.5337 | 317,641.9599 | 352,934.2233 | 352,733.2475 | 362,153.6314 | 362,076.803 | 361,998.94 | 366,316.9489 | 366,281.6144 | 366,245.9254 | 375,866.6814 | 375,786.8059 | 375,707.2985 | 375,708.6267 | 3,791,997.5737 | 4,393,810.7464 | ||
| CIR ACCRUED (other operating income) | base x 30% | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,308.6032 | 95,319.4832 | 95,309.2601 | 95,292.588 | 105,880.267 | 105,819.9742 | 108,646.0894 | 108,623.0409 | 108,599.682 | 109,895.0847 | 109,884.4843 | 109,873.7776 | 112,760.0044 | 112,736.0418 | 112,712.1896 | 112,712.588 | 1,137,599.2721 | 1,318,143.2239 | |
| Refunded | A: bank; F: FY2026 claim in the driver month | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,137,599.2721 | 0 | 0 | 0 | 0 | 935,770 | 1,137,599.2721 | |
| CIR RECEIVABLE | opening + accrued - refunded | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,243,479.5391 | 1,349,299.5133 | 1,457,945.6027 | 1,566,568.6436 | 1,675,168.3256 | 1,785,063.4103 | 1,894,947.8946 | 867,222.4001 | 979,982.4046 | 1,092,718.4463 | 1,205,430.6359 | 1,318,143.2239 | 1,137,599.2721 | 1,318,143.2239 | |
| of which FY2025 claim | 935,770 | 935,770 | 935,770 | 935,770 | 935,770 | 935,770 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| of which FY2026 claim | 89,210.6082 | 182,328.0984 | 276,408.825 | 374,047.7706 | 470,361.633 | 566,912.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 1,137,599.2721 | 0 | 0 | 0 | 0 | 0 | 1,137,599.2721 | 0 | ||
| of which FY2027 claim | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 105,880.267 | 211,700.2412 | 320,346.3306 | 428,969.3715 | 537,569.0535 | 647,464.1382 | 757,348.6225 | 867,222.4001 | 979,982.4046 | 1,092,718.4463 | 1,205,430.6359 | 1,318,143.2239 | 0 | 1,318,143.2239 | ||
| Check: receivable less the claims open (must be zero) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CIR as a share of research and development payroll cost | 20.92% | 22.45% | 21.35% | 22.6% | 23.04% | 21.7% | 24.22% | 29.6% | 21.05% | 21.67% | 21.19% | 22.13% | 21.27% | 22.5% | 21.63% | 22.7% | 22.87% | 21.73% | 24.74% | 29.03% | 21.38% | 21.85% | 21.38% | 22.34% | 22.48% | 22.62% |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest received on deposits | A: bank; F: prior month-end cash x rate / 12 | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 14,005.8734 | 13,555.1836 | 12,754.7061 | 12,226.9547 | 11,811.4161 | 10,930.3372 | 10,343.5203 | 9,931.7215 | 9,123.6229 | 8,621.5797 | 8,245.5033 | 7,491.0392 | 8,569.5942 | 8,159.8207 | 7,458.2815 | 6,957.3342 | 180,728.2177 | 107,643.7707 | |
| Share capital | opening balance | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
| Share premium | opening balance | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 | 24,450,000 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DOCUMENT AI | Revenue | 218,187.8345 | 204,416.2638 | 217,312.0878 | 215,333.9466 | 229,047.308 | 253,228.3435 | 241,381.617 | 237,619.3234 | 306,314.9653 | 251,148.8588 | 263,215.8265 | 272,067.8052 | 295,583.1756 | 294,908.3062 | 356,494.4175 | 311,803.4124 | 325,545.2927 | 359,192.5089 | 337,890.8548 | 345,524.6482 | 389,795.628 | 402,787.9395 | 402,575.616 | 383,341.0956 | 2,909,274.1804 | 4,205,442.8954 |
| Compute | DOCUMENT AI | Unit_Costs | -29,218.7432 | -28,593.8973 | -28,374.4554 | -29,548.2927 | -29,882.1959 | -32,083.5187 | -33,258.7297 | -32,832.4159 | -32,992.181 | -33,057.4435 | -34,461.8161 | -35,767.2565 | -39,486.7134 | -39,512.9332 | -41,250.7226 | -41,208.5432 | -42,626.336 | -42,786.1104 | -43,742.9829 | -44,143.2796 | -45,409.5988 | -46,046.4082 | -46,970.9048 | -47,820.3232 | -380,070.9458 | -521,004.8564 |
| Card fees | DOCUMENT AI | by Developer and Team revenue on the product | -2,421.6166 | -2,482.9083 | -2,611.497 | -2,565.4135 | -2,693.6643 | -2,749.5619 | -2,771.2501 | -2,722.2782 | -2,979.321 | -3,092.3304 | -3,168.3902 | -3,201.2832 | -3,397.8633 | -3,466.5702 | -3,593.5568 | -3,640.8604 | -3,730.8313 | -3,836.5625 | -3,841.3442 | -3,775.416 | -4,193.5255 | -4,336.7768 | -4,417.7191 | -4,449.2613 | -33,459.5149 | -46,680.2875 |
| Solutions, support and success | DOCUMENT AI | by revenue | -30,448.7002 | -28,114.3938 | -31,596.7552 | -31,443.3008 | -33,801.5515 | -35,847.3919 | -30,749.5329 | -24,286.3435 | -37,392.7172 | -37,010.8351 | -37,922.0693 | -36,362.2333 | -43,085.763 | -40,346.6762 | -43,019.1374 | -42,943.286 | -42,651.4824 | -42,559.7195 | -39,125.1695 | -32,833.6927 | -46,827.1285 | -45,292.7942 | -46,663.3952 | -43,812.246 | -394,975.8247 | -509,160.4905 |
| GROSS MARGIN | DOCUMENT AI | 156,098.7745 | 145,225.0643 | 154,729.3802 | 151,776.9396 | 162,669.8964 | 182,547.871 | 174,602.1043 | 177,778.2857 | 232,950.7461 | 177,988.2499 | 187,663.5509 | 196,737.0321 | 209,612.8358 | 211,582.1265 | 268,631.0008 | 224,010.7228 | 236,536.643 | 270,010.1165 | 251,181.3581 | 264,772.2598 | 293,365.3753 | 307,111.9603 | 304,523.5969 | 287,259.2651 | 2,100,767.895 | 3,128,597.2609 | |
| Gross margin % | DOCUMENT AI | 71.54% | 71.04% | 71.2% | 70.48% | 71.02% | 72.09% | 72.33% | 74.82% | 76.05% | 70.87% | 71.3% | 72.31% | 70.92% | 71.75% | 75.35% | 71.84% | 72.66% | 75.17% | 74.34% | 76.63% | 75.26% | 76.25% | 75.64% | 74.94% | 72.21% | 74.39% | |
| Revenue | VOICE AI | Revenue | 143,959.9253 | 137,752.0776 | 158,804.7056 | 139,936.6777 | 147,426.9727 | 165,246.9543 | 167,996.5298 | 177,567.7878 | 180,707.803 | 170,321.8443 | 178,240.6413 | 182,310.3179 | 196,239.2099 | 197,525.2143 | 227,581.5242 | 210,716.9042 | 219,387.6595 | 273,021.8809 | 227,192.8096 | 239,616.1869 | 246,683.2268 | 267,653.5552 | 256,025.0265 | 257,508.6674 | 1,950,272.2372 | 2,819,151.8651 |
| Compute | VOICE AI | Unit_Costs | -55,381.5871 | -55,758.8854 | -57,349.4734 | -55,520.9056 | -59,174.7247 | -60,118.8238 | -67,183.4469 | -67,017.0168 | -66,151.741 | -53,352.8308 | -55,829.0936 | -57,414.5939 | -63,173.3321 | -64,381.0935 | -67,618.794 | -68,323.3614 | -70,735.5815 | -72,239.3278 | -72,867.1817 | -73,995.3854 | -75,510.9961 | -77,366.9023 | -78,907.0541 | -80,957.8875 | -710,253.123 | -866,076.8975 |
| Card fees | VOICE AI | by Developer and Team revenue on the product | -1,492.8073 | -1,529.6067 | -1,609.341 | -1,580.8343 | -1,660.7952 | -1,695.1434 | -1,708.0121 | -1,678.1981 | -1,836.1436 | -1,905.3622 | -1,951.5745 | -1,972.4683 | -2,091.6788 | -2,134.2007 | -2,211.6868 | -2,240.6534 | -2,295.0599 | -2,360.9018 | -2,363.0439 | -2,322.6513 | -2,578.7846 | -2,665.7961 | -2,714.7649 | -2,733.6456 | -20,620.2865 | -28,712.8678 |
| Solutions, support and success | VOICE AI | by revenue | -20,089.9954 | -18,945.734 | -23,089.8956 | -20,433.7083 | -21,756.4679 | -23,392.6118 | -21,401.0283 | -18,148.6599 | -22,059.5026 | -25,099.6709 | -25,679.5119 | -24,366.0227 | -28,604.8625 | -27,023.606 | -27,462.8729 | -29,021.0945 | -28,743.186 | -32,349.6019 | -26,307.1849 | -22,769.6759 | -29,634.676 | -30,097.1707 | -29,676.4049 | -29,430.7947 | -264,462.8093 | -341,121.1307 |
| GROSS MARGIN | VOICE AI | 66,995.5355 | 61,517.8515 | 76,755.9956 | 62,401.2295 | 64,834.9849 | 80,040.3753 | 77,704.0425 | 90,723.913 | 90,660.4158 | 89,963.9805 | 94,780.4612 | 98,557.233 | 102,369.3365 | 103,986.3141 | 130,288.1705 | 111,131.7949 | 117,613.8321 | 166,072.0494 | 125,655.3991 | 140,528.4742 | 138,958.77 | 157,523.6861 | 144,726.8026 | 144,386.3396 | 954,936.0184 | 1,583,240.9691 | |
| Gross margin % | VOICE AI | 46.54% | 44.66% | 48.33% | 44.59% | 43.98% | 48.44% | 46.25% | 51.09% | 50.17% | 52.82% | 53.18% | 54.06% | 52.17% | 52.64% | 57.25% | 52.74% | 53.61% | 60.83% | 55.31% | 58.65% | 56.33% | 58.85% | 56.53% | 56.07% | 48.96% | 56.16% | |
| Revenue | AGENT WORKSPACE | Revenue | 134,311.9062 | 132,718.8672 | 137,063.1202 | 133,699.383 | 147,104.7283 | 149,750.9882 | 157,528.0792 | 158,956.9815 | 182,538.915 | 158,368.8002 | 164,903.1837 | 170,290.9682 | 179,965.5524 | 182,828.7806 | 216,929.5139 | 193,030.0351 | 200,955.9299 | 229,976.6856 | 208,291.9301 | 216,008.7251 | 232,960.5668 | 238,152.4694 | 242,377.9777 | 233,285.6168 | 1,827,235.9209 | 2,574,763.7833 |
| Compute | AGENT WORKSPACE | Unit_Costs | -44,474.0562 | -45,228.0644 | -44,559.7635 | -44,351.4699 | -48,143.6214 | -48,327.9693 | -52,026.2253 | -52,138.182 | -52,084.0994 | -38,990.5312 | -40,581.0855 | -42,138.1672 | -45,304.2287 | -46,954.5281 | -48,489.4556 | -49,340.0964 | -51,210.2584 | -52,199.2432 | -53,104.9782 | -53,912.3008 | -55,241.4206 | -56,493.5901 | -57,823.6076 | -58,994.5529 | -553,043.2356 | -629,068.2608 |
| Card fees | AGENT WORKSPACE | by Developer and Team revenue on the product | -1,725.5561 | -1,750.535 | -1,851.012 | -1,816.3022 | -1,924.8005 | -1,962.5447 | -1,968.4778 | -1,940.7037 | -2,114.1964 | -2,186.2472 | -2,227.6226 | -2,262.7821 | -2,365.4009 | -2,417.5405 | -2,492.9243 | -2,522.9505 | -2,566.9929 | -2,654.9466 | -2,643.0474 | -2,600.7987 | -2,868.1275 | -2,945.5805 | -2,985.623 | -2,997.3919 | -23,730.7802 | -32,061.3246 |
| Solutions, support and success | AGENT WORKSPACE | by revenue | -18,743.5884 | -18,253.4914 | -19,928.7113 | -19,522.9316 | -21,708.9129 | -21,198.9791 | -20,067.4555 | -16,246.5064 | -22,283.0315 | -23,338.197 | -23,757.9557 | -22,759.6202 | -26,232.7283 | -25,012.9734 | -26,177.4662 | -26,585.1613 | -26,328.3436 | -27,249.2966 | -24,118.608 | -20,526.3622 | -27,986.1384 | -26,779.8256 | -28,094.5465 | -26,662.3301 | -247,809.381 | -311,753.7802 |
| GROSS MARGIN | AGENT WORKSPACE | 69,368.7054 | 67,486.7765 | 70,723.6334 | 68,008.6792 | 75,327.3935 | 78,261.4951 | 83,465.9206 | 88,631.5895 | 106,057.5877 | 93,853.8248 | 98,336.5198 | 103,130.3987 | 106,063.1945 | 108,443.7386 | 139,769.6677 | 114,581.8269 | 120,850.335 | 147,873.1991 | 128,425.2965 | 138,969.2634 | 146,864.8802 | 151,933.4732 | 153,474.2006 | 144,631.3419 | 1,002,652.5242 | 1,601,880.4176 | |
| Gross margin % | AGENT WORKSPACE | 51.65% | 50.85% | 51.6% | 50.87% | 51.21% | 52.26% | 52.98% | 55.76% | 58.1% | 59.26% | 59.63% | 60.56% | 58.94% | 59.31% | 64.43% | 59.36% | 60.14% | 64.3% | 61.66% | 64.34% | 63.04% | 63.8% | 63.32% | 62% | 54.87% | 62.21% | |
| Developer: revenue | BY SEGMENT | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,364.5289 | 96,413.9303 | 102,576.0828 | 101,246.9708 | 114,538.27 | 115,929.0535 | 122,649.9204 | 125,939.9421 | 133,958.9321 | 131,740.0828 | 138,294.607 | 138,316.7474 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,058,009.1618 | 1,659,311.3645 | |
| Developer: compute | BY SEGMENT | product compute cost x segment share of the product units | -15,732.717 | -16,086.6893 | -17,168.2208 | -16,588.8997 | -17,168.4658 | -17,665.0589 | -18,084.6101 | -18,005.0869 | -18,306.8879 | -15,858.1065 | -16,428.9411 | -16,853.8435 | -18,861.5615 | -19,147.3176 | -20,084.8515 | -20,543.4404 | -21,130.4169 | -21,781.4865 | -22,182.4494 | -22,125.4263 | -23,432.1742 | -24,730.2978 | -25,826.0481 | -26,632.2045 | -203,947.5277 | -266,477.6746 |
| Developer: card fees | BY SEGMENT | -1,656.2457 | -1,776.8834 | -1,827.5703 | -1,803.9354 | -1,819.6032 | -1,866.6188 | -1,921.5414 | -1,858.062 | -2,074.5666 | -2,187.5448 | -2,293.5531 | -2,266.6978 | -2,558.8611 | -2,592.4566 | -2,742.8963 | -2,790.7466 | -2,936.7769 | -2,955.9817 | -3,023.7004 | -2,958.6963 | -3,373.5043 | -3,575.1545 | -3,704.7631 | -3,771.4179 | -23,352.8225 | -36,984.9556 | |
| Developer: solutions, support and success | BY SEGMENT | by revenue | -10,537.735 | -11,272.6667 | -11,957.9845 | -12,270.0216 | -12,133.7779 | -12,130.0616 | -11,254.1589 | -8,831.6272 | -11,153.1214 | -14,208.1477 | -14,778.3565 | -13,531.7957 | -16,695.7025 | -15,860.3603 | -14,800.4948 | -17,345.1436 | -17,550.6978 | -15,609.5153 | -16,013.4548 | -13,143.6342 | -17,704.1767 | -17,619.2756 | -19,035.0769 | -19,390.9806 | -144,059.4547 | -200,768.513 |
| Developer: GROSS MARGIN | BY SEGMENT | 47,584.0982 | 52,825.9192 | 51,289.308 | 53,366.2405 | 51,099.5021 | 54,025.8167 | 57,084.0256 | 57,714.4966 | 59,829.953 | 64,160.1312 | 69,075.232 | 68,594.6338 | 76,422.145 | 78,328.919 | 85,021.6778 | 85,260.6115 | 92,341.0406 | 91,393.0993 | 97,075.0024 | 100,088.9907 | 102,862.2107 | 110,763.1478 | 115,654.0056 | 119,869.3709 | 686,649.3569 | 1,155,080.2212 | |
| Developer: gross margin % | BY SEGMENT | 63.02% | 64.45% | 62.36% | 63.51% | 62.15% | 63.05% | 64.62% | 66.79% | 65.48% | 66.55% | 67.34% | 67.75% | 66.72% | 67.57% | 69.32% | 67.7% | 68.93% | 69.37% | 70.19% | 72.36% | 69.8% | 70.69% | 70.43% | 70.65% | 64.9% | 69.61% | |
| Team: revenue | BY SEGMENT | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 213,819.8013 | 220,211.2873 | 226,034.889 | 230,921.9326 | 237,060.1728 | 242,632.493 | 248,406.6227 | 253,334.1058 | 257,999.1923 | 262,787.852 | 266,359.4419 | 268,348.469 | 273,771.9737 | 279,308.6681 | 284,282.3211 | 288,314.9695 | 2,467,730.3803 | 3,162,606.2819 | |
| Team: compute | BY SEGMENT | product compute cost x segment share of the product units | -40,179.5892 | -39,705.6926 | -42,315.1452 | -40,950.5071 | -44,517.9067 | -45,511.8586 | -45,607.9204 | -45,475.7387 | -45,208.379 | -37,069.6813 | -37,754.0763 | -38,390.6536 | -41,726.6194 | -41,794.1986 | -42,886.1935 | -43,325.7847 | -43,951.3426 | -44,503.278 | -44,981.0604 | -45,144.3457 | -45,862.4715 | -46,485.9757 | -47,183.0166 | -47,762.045 | -502,687.1487 | -535,606.3316 |
| Team: card fees | BY SEGMENT | -3,983.7343 | -3,986.1666 | -4,244.2797 | -4,158.6146 | -4,459.6568 | -4,540.6312 | -4,526.1986 | -4,483.118 | -4,855.0944 | -4,996.3948 | -5,054.0342 | -5,169.8359 | -5,296.0819 | -5,425.8548 | -5,555.2715 | -5,613.7177 | -5,656.1071 | -5,896.4292 | -5,823.7351 | -5,740.1698 | -6,266.9334 | -6,372.9988 | -6,413.3439 | -6,408.881 | -54,457.7592 | -70,469.5243 | |
| Team: solutions, support and success | BY SEGMENT | by revenue | -25,346.2009 | -25,288.5068 | -27,770.7685 | -28,286.0972 | -29,738.6181 | -29,506.9014 | -26,509.2166 | -21,308.8834 | -26,101.576 | -32,451.6849 | -32,565.3318 | -30,863.0313 | -34,555.1414 | -33,194.7742 | -29,975.8933 | -34,890.5706 | -33,801.8957 | -31,137.0003 | -30,842.3805 | -25,499.9787 | -32,888.9153 | -31,407.7676 | -32,951.768 | -32,951.6624 | -335,736.8169 | -384,097.748 |
| Team: GROSS MARGIN | BY SEGMENT | 112,115.0656 | 114,889.224 | 116,668.0165 | 120,317.1711 | 122,799.7284 | 128,879.3087 | 131,452.1044 | 137,219.9 | 137,654.7519 | 145,693.5262 | 150,661.4467 | 156,498.4118 | 155,482.3301 | 162,217.6654 | 169,989.2643 | 169,504.0328 | 174,589.8469 | 181,251.1444 | 184,712.266 | 191,963.9748 | 188,753.6536 | 195,041.926 | 197,734.1926 | 201,192.3811 | 1,574,848.6554 | 2,172,432.678 | |
| Team: gross margin % | BY SEGMENT | 61.73% | 62.48% | 61.08% | 62.11% | 60.94% | 61.83% | 63.17% | 65.82% | 64.38% | 66.16% | 66.65% | 67.77% | 65.59% | 66.86% | 68.43% | 66.91% | 67.67% | 68.97% | 69.35% | 71.54% | 68.95% | 69.83% | 69.56% | 69.78% | 63.82% | 68.69% | |
| Enterprise: revenue | BY SEGMENT | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 364,377.3531 | 263,214.2858 | 277,748.6798 | 292,500.1878 | 320,189.4951 | 316,700.7546 | 429,948.9125 | 336,276.3038 | 353,930.7577 | 467,663.1405 | 368,721.5455 | 394,484.3437 | 448,295.382 | 472,597.4203 | 452,476.4054 | 416,156.4363 | 3,161,042.7965 | 4,777,440.8974 | |
| Enterprise: compute | BY SEGMENT | product compute cost x segment share of the product units | -73,162.0804 | -73,788.4652 | -70,800.3263 | -71,881.2613 | -75,514.1694 | -77,353.3943 | -88,775.8714 | -88,506.7891 | -87,712.7545 | -72,473.0177 | -76,688.9778 | -80,075.5205 | -87,376.0934 | -89,907.0386 | -94,387.9273 | -95,002.7759 | -99,490.4164 | -100,939.917 | -102,551.633 | -104,781.1938 | -106,867.3699 | -108,690.6272 | -110,692.5019 | -113,378.514 | -936,732.628 | -1,214,066.0084 |
| Enterprise: card fees | BY SEGMENT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Enterprise: solutions, support and success | BY SEGMENT | by revenue | -33,398.3481 | -28,752.4458 | -34,886.609 | -30,843.8219 | -35,394.5363 | -38,802.0198 | -34,454.6412 | -28,540.9993 | -44,480.5539 | -38,788.8704 | -40,015.8487 | -39,093.0491 | -46,672.5099 | -43,328.1211 | -51,883.0883 | -46,313.8276 | -46,370.4186 | -55,412.1023 | -42,695.127 | -37,486.1179 | -53,854.8509 | -53,142.7473 | -52,447.5017 | -47,562.7277 | -427,451.7433 | -577,169.1406 |
| Enterprise: GROSS MARGIN | BY SEGMENT | 132,763.8516 | 106,514.549 | 134,251.6847 | 108,503.4368 | 128,933.0443 | 157,944.6159 | 147,235.9374 | 162,199.3916 | 232,184.0447 | 151,952.3977 | 161,043.8533 | 173,331.6182 | 186,140.8918 | 183,465.5949 | 283,677.8969 | 194,959.7002 | 208,069.9226 | 311,311.1212 | 223,474.7854 | 252,217.032 | 287,573.1612 | 310,764.0458 | 289,336.4019 | 255,215.1945 | 1,796,858.4252 | 2,986,205.7484 | |
| Enterprise: gross margin % | BY SEGMENT | 55.47% | 50.95% | 55.95% | 51.37% | 53.76% | 57.62% | 54.44% | 58.08% | 63.72% | 57.73% | 57.98% | 59.26% | 58.13% | 57.93% | 65.98% | 57.98% | 58.79% | 66.57% | 60.61% | 63.94% | 64.15% | 65.76% | 63.95% | 61.33% | 56.84% | 62.51% | |
| Gross margin of the products | RECONCILIATION TO THE P&L | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 340,849.7414 | 335,772.0674 | 357,133.7882 | 429,668.7496 | 361,806.0552 | 380,780.532 | 398,424.6638 | 418,045.3668 | 424,012.1792 | 538,688.839 | 449,724.3445 | 475,000.8102 | 583,955.365 | 505,262.0538 | 544,269.9975 | 579,189.0255 | 616,569.1196 | 602,724.6 | 576,276.9466 | 4,058,356.4376 | 6,313,718.6477 | |
| Unused committed cloud spend (not allocated) | RECONCILIATION TO THE P&L | PL | 0 | 0 | 0 | 0 | 0 | -47,755.4919 | -22,315.455 | -27,832.9607 | 3,305.7535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -94,598.1541 | 0 |
| GROSS PROFIT | RECONCILIATION TO THE P&L | 292,463.0153 | 274,229.6923 | 302,209.0092 | 282,186.8484 | 302,832.2748 | 293,094.2495 | 313,456.6125 | 329,300.8275 | 432,974.5031 | 361,806.0552 | 380,780.532 | 398,424.6638 | 418,045.3668 | 424,012.1792 | 538,688.839 | 449,724.3445 | 475,000.8102 | 583,955.365 | 505,262.0538 | 544,269.9975 | 579,189.0255 | 616,569.1196 | 602,724.6 | 576,276.9466 | 3,963,758.2835 | 6,313,718.6477 | |
| Check: products less the P&L gross profit (must be zero) | RECONCILIATION TO THE P&L | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Check: segments less products (must be zero) | RECONCILIATION TO THE P&L | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | GROWTH AND REVENUE QUALITY | PL | 496,459.6659 | 474,887.2086 | 513,179.9136 | 488,970.0073 | 523,579.0091 | 568,226.2859 | 566,906.2259 | 574,144.0927 | 669,561.6833 | 579,839.5034 | 606,359.6515 | 624,669.0913 | 671,787.9379 | 675,262.3011 | 801,005.4555 | 715,550.3517 | 745,888.8821 | 862,191.0753 | 773,375.5944 | 801,149.5601 | 869,439.4216 | 908,593.9641 | 900,978.6202 | 874,135.3798 | 6,686,782.3385 | 9,599,358.5438 |
| Revenue growth on the same month a year earlier | GROWTH AND REVENUE QUALITY | Revenue | 50.64% | 48.95% | 46.71% | 45.37% | 46.64% | 33.32% | 50.53% | 35.27% | 37.73% | 25.1% | 39.89% | 40.82% | 35.32% | 42.19% | 56.09% | 46.34% | 42.46% | 51.73% | 36.42% | 39.54% | 29.85% | 56.7% | 48.59% | 39.94% | ||
| Revenue: Developer | GROWTH AND REVENUE QUALITY | PL | 75,510.7959 | 81,962.1586 | 82,243.0836 | 84,029.0973 | 82,221.3491 | 85,687.5559 | 88,344.3359 | 86,409.2727 | 91,364.5289 | 96,413.9303 | 102,576.0828 | 101,246.9708 | 114,538.27 | 115,929.0535 | 122,649.9204 | 125,939.9421 | 133,958.9321 | 131,740.0828 | 138,294.607 | 138,316.7474 | 147,372.0659 | 156,687.8757 | 164,219.8936 | 169,663.9739 | 1,058,009.1618 | 1,659,311.3645 |
| Revenue: Team | GROWTH AND REVENUE QUALITY | PL | 181,624.59 | 183,869.59 | 190,998.21 | 193,712.39 | 201,515.91 | 208,438.7 | 208,095.44 | 208,487.64 | 213,819.8013 | 220,211.2873 | 226,034.889 | 230,921.9326 | 237,060.1728 | 242,632.493 | 248,406.6227 | 253,334.1058 | 257,999.1923 | 262,787.852 | 266,359.4419 | 268,348.469 | 273,771.9737 | 279,308.6681 | 284,282.3211 | 288,314.9695 | 2,467,730.3803 | 3,162,606.2819 |
| Revenue: Enterprise | GROWTH AND REVENUE QUALITY | PL | 239,324.28 | 209,055.46 | 239,938.62 | 211,228.52 | 239,841.75 | 274,100.03 | 270,466.45 | 279,247.18 | 364,377.3531 | 263,214.2858 | 277,748.6798 | 292,500.1878 | 320,189.4951 | 316,700.7546 | 429,948.9125 | 336,276.3038 | 353,930.7577 | 467,663.1405 | 368,721.5455 | 394,484.3437 | 448,295.382 | 472,597.4203 | 452,476.4054 | 416,156.4363 | 3,161,042.7965 | 4,777,440.8974 |
| Pure usage revenue, share | GROWTH AND REVENUE QUALITY | Revenue | 23.04% | 25.85% | 22.37% | 23.95% | 25.65% | 22.26% | 22.84% | 22.45% | 20.03% | 25.41% | 25.37% | 29.61% | 31.75% | 27.89% | 30.3% | 33.05% | 33.77% | 21.38% | 25.87% | 23.96% | 23.25% | 26.06% | 29.59% | 32.74% | 24.06% | 28.13% |
| Enterprise net revenue retention on usage, trailing 12 months | GROWTH AND REVENUE QUALITY | Enterprise | 115.06% | 121.99% | 109.5% | 115.49% | 111.83% | 111.67% | 117.95% | 116.77% | 117.86% | 118.34% | 120.92% | 122.24% | 121.25% | 119.05% | 129.59% | 129.86% | 131.74% | 129.08% | 126.69% | 129.44% | 129.32% | 129.24% | 130.13% | 130.53% | 122.24% | 130.53% |
| Team customers | GROWTH AND REVENUE QUALITY | Team | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 390.7538 | 401.6309 | 411.4294 | 419.4858 | 429.7768 | 439.0011 | 448.5513 | 456.5359 | 464.0148 | 471.6839 | 477.1404 | 479.7439 | 488.4629 | 497.3468 | 505.1927 | 511.3363 | 419.4858 | 511.3363 |
| Developer credit packs sold | GROWTH AND REVENUE QUALITY | Credits | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 109,278.5773 | 114,697.2054 | 116,542.5409 | 115,893.4226 | 129,018.7572 | 131,094.5087 | 138,272.2621 | 138,374.6481 | 142,463.2694 | 149,666.0194 | 146,015.1381 | 137,358.6883 | 174,958.523 | 183,633.9212 | 186,588.3628 | 185,549.1035 | 1,162,468.7461 | 1,842,993.2018 |
| Breakage recognised | GROWTH AND REVENUE QUALITY | Credits | 8,739.2959 | 11,852.7686 | 9,229.9936 | 10,226.8573 | 8,527.2491 | 9,335.8959 | 10,244.6459 | 8,177.3327 | 9,281.1527 | 9,564.8062 | 11,827.0174 | 7,692.6588 | 16,035.1191 | 13,228.02 | 15,316.1009 | 14,887.5071 | 19,267.3594 | 12,693.9899 | 16,650.7252 | 16,429.8864 | 17,684.6479 | 18,802.5451 | 19,706.3872 | 20,359.6769 | 114,699.6742 | 201,061.9651 |
| Enterprise accounts with a commitment | GROWTH AND REVENUE QUALITY | Enterprise | 13 | 13 | 12 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 16 | 16 | 17 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 16 | 19 |
| Realised price: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 10.7002 | 9.7741 | 10.3651 | 9.7025 | 10.1429 | 10.8087 | 9.8194 | 9.6687 | 12.1118 | 9.6623 | 9.5802 | 9.4638 | 9.4708 | 9.038 | 10.5643 | 9.0493 | 9.0746 | 9.7984 | 9.0253 | 9.0604 | 9.9112 | 9.9601 | 9.7129 | 9.033 | 10.1319 | 9.476 |
| Realised price: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 7.7238 | 7.1678 | 8.3571 | 7.1827 | 7.4285 | 8.0829 | 7.3679 | 7.7845 | 7.7239 | 7.0674 | 7.0215 | 6.9614 | 6.9104 | 6.6415 | 7.3086 | 6.6358 | 6.655 | 8.0957 | 6.6267 | 6.861 | 6.8715 | 7.2409 | 6.7576 | 6.6302 | 7.4634 | 6.9348 |
| Realised price: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 17.5209 | 16.8476 | 18.252 | 16.9794 | 18.2743 | 17.9012 | 17.696 | 17.7265 | 19.8301 | 16.7342 | 16.6532 | 16.4967 | 16.0823 | 15.7046 | 17.9973 | 15.699 | 15.6926 | 17.5699 | 15.6303 | 15.9454 | 16.7392 | 16.6704 | 16.5781 | 15.6067 | 17.5518 | 16.3249 |
| Compute cost: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 1.4329 | 1.3672 | 1.3534 | 1.3314 | 1.3233 | 1.3694 | 1.353 | 1.3359 | 1.3045 | 1.2718 | 1.2543 | 1.2441 | 1.2652 | 1.2109 | 1.2224 | 1.196 | 1.1882 | 1.1672 | 1.1684 | 1.1575 | 1.1546 | 1.1386 | 1.1333 | 1.1268 | 1.3236 | 1.174 |
| Compute cost: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 2.9714 | 2.9014 | 3.018 | 2.8498 | 2.9817 | 2.9407 | 2.9465 | 2.938 | 2.8275 | 2.2138 | 2.1993 | 2.1923 | 2.2246 | 2.1647 | 2.1715 | 2.1516 | 2.1457 | 2.1421 | 2.1254 | 2.1187 | 2.1034 | 2.093 | 2.0827 | 2.0845 | 2.718 | 2.1305 |
| Compute cost: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Unit_Costs | 5.8016 | 5.7414 | 5.9338 | 5.6325 | 5.9807 | 5.7771 | 5.8444 | 5.8143 | 5.6582 | 4.12 | 4.0982 | 4.0821 | 4.0485 | 4.0333 | 4.0229 | 4.0128 | 3.999 | 3.9879 | 3.985 | 3.9797 | 3.9693 | 3.9545 | 3.955 | 3.9467 | 5.3123 | 3.9885 |
| Compute in cost of revenue % of revenue | PRICE AND COST TO SERVE (EUR per 1,000 units) | PL | 26% | 27.29% | 25.39% | 26.47% | 26.2% | 24.73% | 26.89% | 26.47% | 22.59% | 21.63% | 21.58% | 21.66% | 22.03% | 22.34% | 19.65% | 22.2% | 22.06% | 19.4% | 21.94% | 21.48% | 20.26% | 19.8% | 20.39% | 21.48% | 24.58% | 21% |
| Gross margin % | PRICE AND COST TO SERVE (EUR per 1,000 units) | PL | 58.91% | 57.75% | 58.89% | 57.71% | 57.84% | 51.58% | 55.29% | 57.36% | 64.67% | 62.4% | 62.8% | 63.78% | 62.23% | 62.79% | 67.25% | 62.85% | 63.68% | 67.73% | 65.33% | 67.94% | 66.62% | 67.86% | 66.9% | 65.93% | 59.28% | 65.77% |
| Gross margin %: Document AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 71.54% | 71.04% | 71.2% | 70.48% | 71.02% | 72.09% | 72.33% | 74.82% | 76.05% | 70.87% | 71.3% | 72.31% | 70.92% | 71.75% | 75.35% | 71.84% | 72.66% | 75.17% | 74.34% | 76.63% | 75.26% | 76.25% | 75.64% | 74.94% | 72.21% | 74.39% |
| Gross margin %: Voice AI | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 46.54% | 44.66% | 48.33% | 44.59% | 43.98% | 48.44% | 46.25% | 51.09% | 50.17% | 52.82% | 53.18% | 54.06% | 52.17% | 52.64% | 57.25% | 52.74% | 53.61% | 60.83% | 55.31% | 58.65% | 56.33% | 58.85% | 56.53% | 56.07% | 48.96% | 56.16% |
| Gross margin %: Agent workspace | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 51.65% | 50.85% | 51.6% | 50.87% | 51.21% | 52.26% | 52.98% | 55.76% | 58.1% | 59.26% | 59.63% | 60.56% | 58.94% | 59.31% | 64.43% | 59.36% | 60.14% | 64.3% | 61.66% | 64.34% | 63.04% | 63.8% | 63.32% | 62% | 54.87% | 62.21% |
| Gross margin %: Developer | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 63.02% | 64.45% | 62.36% | 63.51% | 62.15% | 63.05% | 64.62% | 66.79% | 65.48% | 66.55% | 67.34% | 67.75% | 66.72% | 67.57% | 69.32% | 67.7% | 68.93% | 69.37% | 70.19% | 72.36% | 69.8% | 70.69% | 70.43% | 70.65% | 64.9% | 69.61% |
| Gross margin %: Team | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 61.73% | 62.48% | 61.08% | 62.11% | 60.94% | 61.83% | 63.17% | 65.82% | 64.38% | 66.16% | 66.65% | 67.77% | 65.59% | 66.86% | 68.43% | 66.91% | 67.67% | 68.97% | 69.35% | 71.54% | 68.95% | 69.83% | 69.56% | 69.78% | 63.82% | 68.69% |
| Gross margin %: Enterprise | PRICE AND COST TO SERVE (EUR per 1,000 units) | Margins | 55.47% | 50.95% | 55.95% | 51.37% | 53.76% | 57.62% | 54.44% | 58.08% | 63.72% | 57.73% | 57.98% | 59.26% | 58.13% | 57.93% | 65.98% | 57.98% | 58.79% | 66.57% | 60.61% | 63.94% | 64.15% | 65.76% | 63.95% | 61.33% | 56.84% | 62.51% |
| Reserved GPU capacity used | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 82.04% | 85% | 83.52% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 85% | 76.28% | 85% | 81.99% | 83.25% | 83.27% | 85% | 83.27% | 84.59% | 85% | 85% | 85% | 85% | 84.63% | 83.55% |
| On-demand GPU hours | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provider A commitment: utilisation to date | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Commitments | 84.95% | 82.58% | 82.3% | 82.05% | 82.11% | 82.73% | 83.64% | 84.37% | 84.58% | 84.94% | 85.25% | 85.69% | 97.5% | 95.94% | 97.24% | 97.67% | 98.47% | 98.87% | 99.45% | 99.97% | 100.31% | 100.83% | 101.21% | 101.71% | 85.69% | 101.71% |
| Provider A commitment: expected shortfall for the year (USD) | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Commitments | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 111,625.8218 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111,625.8218 | 0 |
| Share of compute: Provider A | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 35.53% | 33.54% | 34.4% | 34.14% | 32.69% | 33.95% | 32.88% | 32.63% | 31.26% | 38.24% | 37.13% | 36.84% | 38.69% | 36.91% | 37.3% | 36.64% | 36.34% | 35.66% | 35.72% | 35.45% | 34.71% | 34.61% | 33.95% | 33.91% | 34.33% | 35.73% |
| Share of compute: model API vendor B | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 58.3% | 60.05% | 59.59% | 59.18% | 60.89% | 59.58% | 60.74% | 60.95% | 62.08% | 53.57% | 54.48% | 54.67% | 53.06% | 54.59% | 54.3% | 54.86% | 55.11% | 55.71% | 55.63% | 55.85% | 56.46% | 56.55% | 57.12% | 57.15% | 58.8% | 55.61% |
| Revenue running on vendor B models | COMPUTE CAPACITY, COMMITMENT AND CONCENTRATION | Usage_Compute | 56.05% | 56.95% | 57.65% | 55.96% | 56.25% | 55.44% | 57.42% | 58.61% | 54.25% | 56.69% | 56.59% | 56.45% | 56% | 56.33% | 55.49% | 56.42% | 56.35% | 58.34% | 56.31% | 56.87% | 55.17% | 55.67% | 55.32% | 56.15% | 56.49% | 56.19% |
| Cash at bank | CASH, RESEARCH TAX CREDIT AND PEOPLE | BS | 11,693,806.8483 | 11,333,821.8783 | 10,916,994.514 | 10,274,323.744 | 9,846,282.7674 | 9,444,647.2574 | 9,747,127.2531 | 9,337,248.9223 | 9,036,789.0424 | 8,503,137.3973 | 8,151,303.1349 | 7,874,277.389 | 7,286,891.4431 | 6,895,680.2125 | 6,621,147.6649 | 6,082,415.2682 | 5,747,719.7677 | 5,497,002.2176 | 4,994,026.1093 | 5,713,062.8249 | 5,439,880.4363 | 4,972,187.6932 | 4,638,222.7779 | 4,378,557.3416 | 7,874,277.389 | 4,378,557.3416 |
| Minimum cash buffer (board policy) | CASH, RESEARCH TAX CREDIT AND PEOPLE | Assumptions | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Headroom over the buffer | CASH, RESEARCH TAX CREDIT AND PEOPLE | 8,693,806.8483 | 8,333,821.8783 | 7,916,994.514 | 7,274,323.744 | 6,846,282.7674 | 6,444,647.2574 | 6,747,127.2531 | 6,337,248.9223 | 6,036,789.0424 | 5,503,137.3973 | 5,151,303.1349 | 4,874,277.389 | 4,286,891.4431 | 3,895,680.2125 | 3,621,147.6649 | 3,082,415.2682 | 2,747,719.7677 | 2,497,002.2176 | 1,994,026.1093 | 2,713,062.8249 | 2,439,880.4363 | 1,972,187.6932 | 1,638,222.7779 | 1,378,557.3416 | 4,874,277.389 | 1,378,557.3416 | |
| Net burn (cash used before financing) | CASH, RESEARCH TAX CREDIT AND PEOPLE | CF | 506,193.1517 | 359,984.97 | 416,827.3643 | 642,670.77 | 428,040.9766 | 401,635.51 | -302,479.9957 | 409,878.3308 | 300,459.88 | 533,651.6451 | 351,834.2624 | 277,025.7459 | 587,385.9459 | 391,211.2306 | 274,532.5476 | 538,732.3967 | 334,695.5005 | 250,717.55 | 502,976.1084 | -719,036.7157 | 273,182.3887 | 467,692.7431 | 333,964.9153 | 259,665.4363 | 4,325,722.611 | 3,495,720.0474 |
| Average net burn, last three months | CASH, RESEARCH TAX CREDIT AND PEOPLE | CF | 506,193.1517 | 433,089.0608 | 427,668.4953 | 473,161.0348 | 495,846.3703 | 490,782.4189 | 175,732.1636 | 169,677.9484 | 135,952.7384 | 414,663.2853 | 395,315.2625 | 387,503.8845 | 405,415.3181 | 418,540.9741 | 417,709.908 | 401,492.0583 | 382,653.4816 | 374,715.1491 | 362,796.3863 | 11,552.3142 | 19,040.5938 | 7,279.472 | 358,280.0157 | 353,774.3649 | 387,503.8845 | 353,774.3649 |
| Runway to the buffer (months at the last three months burn; 60 = cash generative) | CASH, RESEARCH TAX CREDIT AND PEOPLE | 17.1749 | 19.2427 | 18.512 | 15.3739 | 13.8073 | 13.1314 | 38.3944 | 37.3487 | 44.4036 | 13.2713 | 13.0309 | 12.5787 | 10.5741 | 9.3078 | 8.669 | 7.6774 | 7.1807 | 6.6637 | 5.4963 | 60 | 60 | 60 | 4.5725 | 3.8967 | 12.5787 | 3.8967 | |
| Research tax credit receivable | CASH, RESEARCH TAX CREDIT AND PEOPLE | Research_Credit | 1,024,980.6082 | 1,118,098.0984 | 1,212,178.825 | 1,309,817.7706 | 1,406,131.633 | 1,502,682.9214 | 663,854.4738 | 758,369.3376 | 851,677.9408 | 946,997.424 | 1,042,306.6841 | 1,137,599.2721 | 1,243,479.5391 | 1,349,299.5133 | 1,457,945.6027 | 1,566,568.6436 | 1,675,168.3256 | 1,785,063.4103 | 1,894,947.8946 | 867,222.4001 | 979,982.4046 | 1,092,718.4463 | 1,205,430.6359 | 1,318,143.2239 | 1,137,599.2721 | 1,318,143.2239 |
| Research tax credit accrued | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | 89,210.6082 | 93,117.4902 | 94,080.7266 | 97,638.9456 | 96,313.8624 | 96,551.2884 | 96,941.5524 | 94,514.8638 | 93,308.6032 | 95,319.4832 | 95,309.2601 | 95,292.588 | 105,880.267 | 105,819.9742 | 108,646.0894 | 108,623.0409 | 108,599.682 | 109,895.0847 | 109,884.4843 | 109,873.7776 | 112,760.0044 | 112,736.0418 | 112,712.1896 | 112,712.588 | 1,137,599.2721 | 1,318,143.2239 |
| EBITDA | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | -382,177.4006 | -430,481.3774 | -430,888.4967 | -460,324.9603 | -361,410.4906 | -473,889.7719 | -359,287.2485 | -184,909.7429 | -277,663.2492 | -377,470.7999 | -372,397.1346 | -294,390.0074 | -395,271.3751 | -395,578.0363 | -287,202.2132 | -377,553.9031 | -289,205.1154 | -290,370.9109 | -258,443.3598 | -68,844.2278 | -269,239.9065 | -235,225.259 | -254,505.7994 | -222,658.7733 | -4,405,290.6802 | -3,344,098.8799 |
| EBITDA before the research tax credit | CASH, RESEARCH TAX CREDIT AND PEOPLE | PL | -471,388.0088 | -523,598.8676 | -524,969.2233 | -557,963.9059 | -457,724.353 | -570,441.0603 | -456,228.8009 | -279,424.6067 | -370,971.8524 | -472,790.2831 | -467,706.3947 | -389,682.5953 | -501,151.6421 | -501,398.0105 | -395,848.3027 | -486,176.944 | -397,804.7974 | -400,265.9956 | -368,327.8441 | -178,718.0055 | -381,999.911 | -347,961.3008 | -367,217.9889 | -335,371.3613 | -5,542,889.9523 | -4,662,242.1038 |
| Contract liabilities (Developer credits and Enterprise) | CASH, RESEARCH TAX CREDIT AND PEOPLE | BS | 615,710.1141 | 636,065.6755 | 571,616.2718 | 692,385.4545 | 671,452.0455 | 591,316.3095 | 750,837.1436 | 667,955.9309 | 518,529.0199 | 720,954.4991 | 750,681.7752 | 700,901.0144 | 867,205.2815 | 991,724.7163 | 792,135.2913 | 978,345.8695 | 1,059,744.5385 | 923,198.8298 | 1,034,803.2659 | 1,030,198.3149 | 922,197.1648 | 983,066.622 | 999,467.5445 | 878,730.4116 | 700,901.0144 | 878,730.4116 |
| Headcount | CASH, RESEARCH TAX CREDIT AND PEOPLE | People | 71 | 73 | 76 | 78 | 78 | 79 | 78 | 77 | 76.1967 | 77.4026 | 78.4003 | 78.372 | 83.3557 | 84.3022 | 85.2323 | 87.2088 | 87.1726 | 88.1442 | 89.1368 | 89.1222 | 90.1157 | 90.1076 | 90.0993 | 90.0995 | 78.372 | 90.0995 |
| Revenue per employee, annualised | CASH, RESEARCH TAX CREDIT AND PEOPLE | 83,908.6759 | 78,063.6507 | 81,028.4074 | 75,226.155 | 80,550.6168 | 86,312.8536 | 87,216.3424 | 89,477.0015 | 105,447.3975 | 89,894.5229 | 92,809.7694 | 95,646.7699 | 96,711.491 | 96,120.2329 | 112,774.946 | 98,460.2764 | 102,677.5805 | 117,379.1737 | 104,115.3617 | 107,871.9939 | 115,776.3604 | 121,001.2481 | 119,998.0299 | 116,422.7005 | 95,646.7699 | 116,422.7005 |
| Code | Account (fictional) | Country | Sector | VAT on invoices | First contract start (month) | Start month no. | Status | Annual commitment at 31-Dec-25 (live) or at signature | Usage in Dec-25 (live) or first month | Usage in the contract year to 31-Dec-25 | Contract position at 31-Dec-25 (+ billed ahead) | Usage growth a month | Mix: Document AI | Mix: Voice AI | Mix: Agent workspace | Discount to list | Payment terms (days) | Probability Base (renewal or win) | Probability Downside | Probability Upside | Probability selected | Effective start month no. | Renewal month | Units weight: Document AI (mix / (1 - discount)) | Units weight: Voice AI | Units weight: Agent workspace | Usage at the last actual month | Commitment at the last actual month | Revenue FY2026 | Revenue FY2027 | Share of FY2026 revenue | Compute cost FY2026 | Gross margin FY2026 after compute and support | Gross margin % FY2026 | Account note (fictional) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E01 | Tervane Assurances | FR | Insurance | 0.2 | 2023-06-30 | -30 | Live | 350,000 | 30,464.04 | 210,540.34 | 51,959.66 | 0.022 | 0.55 | 0.3 | 0.15 | 0.35 | 45 | 0.92 | 0.8 | 0.96 | 0.96 | -30 | June | 0.8462 | 0.4615 | 0.2308 | 40,247.35 | 380,000 | 442,256.6959 | 628,898.3658 | 0.0661 | 141,818.8539 | 240,433.4201 | 54.37% | Largest account: claims automation across three business lines. Renewed in June 2026 at EUR 380k (from EUR 350k). May overage invoice disputed: the account says calls retried during the 28 April incident were billed twice; engineering review under way. |
| E02 | Draxholm Logistik | DE | Logistics | 0 | 2023-10-31 | -26 | Live | 280,000 | 15,697.01 | 48,319.36 | 21,680.64 | 0.02 | 0.6 | 0.15 | 0.25 | 0.32 | 45 | 0.9 | 0.78 | 0.95 | 0.95 | -26 | October | 0.8824 | 0.2206 | 0.3676 | 18,115.84 | 280,000 | 287,291.9589 | 309,940.1703 | 0.043 | 60,413.1311 | 187,899.6826 | 65.4% | |
| E03 | Lunedo Banca | IT | Banking | 0 | 2024-02-29 | -22 | Live | 300,000 | 24,425.69 | 278,236.16 | 21,763.84 | 0.018 | 0.45 | 0.35 | 0.2 | 0.35 | 60 | 0.9 | 0.75 | 0.95 | 0.95 | -22 | February | 0.6923 | 0.5385 | 0.3077 | 34,339 | 320,000 | 390,452.0707 | 497,868.756 | 0.0584 | 136,110.4609 | 201,365.9261 | 51.57% | |
| E04 | Kellbrook Utilities | UK | Utilities | 0 | 2024-04-30 | -20 | Live | 190,000 | 13,482.78 | 115,287.16 | 27,212.84 | 0.017 | 0.2 | 0.6 | 0.2 | 0.3 | 45 | 0.85 | 0.65 | 0.92 | 0.92 | -20 | April | 0.2857 | 0.8571 | 0.2857 | 14,639.43 | 210,000 | 213,058.4204 | 227,889.7403 | 0.0319 | 72,565.2969 | 111,585.8226 | 52.37% | Used EUR 159k of its EUR 190k commitment in the contract year to March 2026: the unused EUR 31k was recognised at the end of that year. Renewed in April at EUR 210k. |
| E05 | Ambrelle Sante | FR | Health insurance | 0.2 | 2024-07-31 | -17 | Live | 240,000 | 15,974.95 | 96,442.69 | 23,557.31 | 0.019 | 0.5 | 0.35 | 0.15 | 0.33 | 45 | 0.92 | 0.8 | 0.96 | 0.96 | -17 | July | 0.7463 | 0.5224 | 0.2239 | 16,481.85 | 260,000 | 245,896.2565 | 288,096.3632 | 0.0368 | 62,806.7767 | 149,726.8131 | 60.89% | |
| E06 | Veskari Telecom | FI | Telecoms | 0 | 2024-09-30 | -15 | Live | 220,000 | 15,803.33 | 61,067.49 | 48,932.51 | 0.016 | 0.15 | 0.55 | 0.3 | 0.3 | 45 | 0.9 | 0.78 | 0.95 | 0.95 | -15 | September | 0.2143 | 0.7857 | 0.4286 | 17,035.62 | 220,000 | 226,970.0191 | 251,436.1029 | 0.0339 | 78,233.3484 | 117,941.8745 | 51.96% | |
| E07 | Oisterra Energia | ES | Energy | 0 | 2024-11-30 | -13 | Live | 170,000 | 13,045.14 | 26,089 | 16,411 | 0.018 | 0.45 | 0.25 | 0.3 | 0.28 | 60 | 0.9 | 0.75 | 0.95 | 0.95 | -13 | November | 0.625 | 0.3472 | 0.4167 | 14,357.32 | 170,000 | 180,280.7646 | 205,433.4795 | 0.027 | 55,745.1184 | 100,075.546 | 55.51% | |
| E08 | Pravenza Retail | ES | Retail | 0 | 2024-03-31 | -21 | Lost at the Mar-26 renewal | 160,000 | 15,672.11 | 137,847.01 | 22,152.99 | 0.01 | 0.3 | 0.2 | 0.5 | 0.28 | 45 | 0 | 0 | 0 | 0 | -21 | March | 0.4167 | 0.2778 | 0.6944 | 0 | 0 | 30,369.41 | 0 | 0.0045 | 10,375.3137 | 15,873.6411 | 52.27% | Did not renew in March 2026: moved the workload to an in-house model built on an open-weights model. |
| E09 | Solberre Mutuelle | FR | Health insurance | 0.2 | 2025-02-28 | -10 | Live | 180,000 | 13,436.75 | 128,675.77 | 51,324.23 | 0.02 | 0.55 | 0.3 | 0.15 | 0.3 | 45 | 0.92 | 0.8 | 0.96 | 0.96 | -10 | February | 0.7857 | 0.4286 | 0.2143 | 13,202.94 | 190,000 | 206,767.18 | 218,050.3743 | 0.0309 | 50,415.4108 | 128,298.0501 | 62.05% | |
| E10 | Ivarone Insurance | IE | Insurance | 0 | 2025-04-30 | -8 | Live | 160,000 | 12,917.58 | 98,987.04 | 21,012.96 | 0.021 | 0.5 | 0.3 | 0.2 | 0.3 | 45 | 0.9 | 0.78 | 0.95 | 0.95 | -8 | April | 0.7143 | 0.4286 | 0.2857 | 18,109.19 | 170,000 | 223,330.1624 | 275,254.9357 | 0.0334 | 65,129.9534 | 127,899.2606 | 57.27% | |
| E11 | Mercadel Foods | ES | Food | 0 | 2025-06-30 | -6 | Live | 120,000 | 7,586.71 | 51,335.29 | 38,664.71 | 0.02 | 0.4 | 0.2 | 0.4 | 0.25 | 60 | 0.9 | 0.75 | 0.95 | 0.95 | -6 | June | 0.5333 | 0.2667 | 0.5333 | 11,996.73 | 130,000 | 152,191.664 | 181,454.5541 | 0.0228 | 38,431.1827 | 93,111.4489 | 61.18% | |
| E12 | Halvesta Travel | DE | Travel | 0 | 2025-08-31 | -4 | Live | 140,000 | 8,451.46 | 41,334.67 | 28,665.33 | 0.019 | 0.25 | 0.35 | 0.4 | 0.27 | 45 | 0.9 | 0.75 | 0.95 | 0.95 | -4 | August | 0.3425 | 0.4795 | 0.5479 | 11,573.31 | 150,000 | 159,346.6007 | 174,257.6244 | 0.0238 | 48,950.1222 | 88,776.68 | 55.71% | |
| E13 | Varnholm Freight | SE | Logistics | 0 | 2025-10-31 | -2 | Live | 150,000 | 9,066.34 | 26,532.73 | 10,967.27 | 0.022 | 0.55 | 0.15 | 0.3 | 0.28 | 45 | 0.92 | 0.8 | 0.96 | 0.96 | -2 | October | 0.7639 | 0.2083 | 0.4167 | 10,432.39 | 150,000 | 156,068.0754 | 173,938.4583 | 0.0233 | 33,997.1376 | 100,895.9623 | 64.65% | |
| E14 | Brevalle Logistique | FR | Logistics | 0.2 | 2026-04-30 | 4 | Won in 2026 | 240,000 | 11,000 | 0 | 0 | 0.03 | 0.6 | 0.1 | 0.3 | 0.3 | 45 | 0.95 | 0.85 | 0.97 | 0.97 | 4 | April | 0.8571 | 0.1429 | 0.4286 | 12,511.62 | 240,000 | 115,033.1767 | 288,882.6585 | 0.0172 | 31,449.7374 | 67,975.9892 | 59.09% | Won in April 2026. |
| E15 | Maltessa Telecom | IT | Telecoms | 0 | 2026-07-31 | 7 | Won in 2026 | 300,000 | 14,000 | 0 | 0 | 0.03 | 0.15 | 0.55 | 0.3 | 0.32 | 60 | 0.95 | 0.85 | 0.97 | 0.97 | 7 | July | 0.2206 | 0.8088 | 0.4412 | 15,807.63 | 300,000 | 101,456.2537 | 349,670.6414 | 0.0152 | 42,543.5438 | 45,147.3471 | 44.5% | Won in July 2026: the largest new commitment of the year. |
| P01 | Grevon Assurances | FR | Insurance | 0.2 | 2026-11-30 | 11 | Pipeline | 360,000 | 16,200 | 0 | 0 | 0.03 | 0.5 | 0.3 | 0.2 | 0.33 | 45 | 0.55 | 0.3 | 0.7 | 0.7 | 11 | November | 0.7463 | 0.4478 | 0.2985 | 0 | 0 | 23,254.0875 | 263,954.9287 | 0.0035 | 7,502.7302 | 12,596.2935 | 54.17% | Proposal submitted; security review passed. |
| P02 | Aldebrink Logistics | NL | Logistics | 0 | 2026-12-31 | 12 | Pipeline | 240,000 | 10,800 | 0 | 0 | 0.03 | 0.6 | 0.1 | 0.3 | 0.3 | 45 | 0.5 | 0.25 | 0.65 | 0.65 | 12 | December | 0.8571 | 0.1429 | 0.4286 | 0 | 0 | 7,020 | 159,677.4516 | 0.001 | 1,919.2477 | 4,148.2941 | 59.09% | Paid pilot running on two warehouses. |
| P03 | Serranova Banca | IT | Banking | 0 | 2027-02-28 | 14 | Pipeline | 420,000 | 18,900 | 0 | 0 | 0.03 | 0.45 | 0.35 | 0.2 | 0.35 | 45 | 0.4 | 0.15 | 0.55 | 0.55 | 14 | February | 0.6923 | 0.5385 | 0.3077 | 0 | 0 | 0 | 145,219.3897 | 0 | 0 | 0 | 0% | Procurement; competing with a US vendor. |
| P04 | Kettelby Water | UK | Utilities | 0 | 2027-03-31 | 15 | Pipeline | 180,000 | 8,100 | 0 | 0 | 0.03 | 0.2 | 0.6 | 0.2 | 0.3 | 45 | 0.5 | 0.25 | 0.6 | 0.6 | 15 | March | 0.2857 | 0.8571 | 0.2857 | 0 | 0 | 0 | 60,416.2632 | 0 | 0 | 0 | 0% | Discovery. |
| P05 | Vanthor Energie | DE | Energy | 0 | 2027-05-31 | 17 | Pipeline | 300,000 | 13,500 | 0 | 0 | 0.03 | 0.45 | 0.25 | 0.3 | 0.3 | 45 | 0.45 | 0.2 | 0.6 | 0.6 | 17 | May | 0.6429 | 0.3571 | 0.4286 | 0 | 0 | 0 | 77,100.6395 | 0 | 0 | 0 | 0% | Shortlisted. |
| TOTAL | 2,660,000 | 196,023.89 | 384,305.29 | 248,850.22 | 3,170,000 | 3,161,042.7965 | 4,777,440.8974 | 0.4727 | 938,407.3659 | 1,793,752.0518 | 56.75% |
| Measure | Jan-25 | Feb-25 | Mar-25 | Apr-25 | May-25 | Jun-25 | Jul-25 | Aug-25 | Sep-25 | Oct-25 | Nov-25 | Dec-25 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Developer credits purchased (ex VAT) | 59,181.33 | 57,327.92 | 61,635.47 | 65,423.87 | 70,630.94 | 66,465.34 | 63,741.37 | 60,341.25 | 79,861.34 | 80,534.2 | 79,718.21 | 77,725.58 | 822,586.82 |
| Developer credits used (face value) | 46,250.53 | 46,865.16 | 48,844.87 | 51,057.13 | 54,092.84 | 55,481.6 | 55,761.45 | 55,781.85 | 59,699.39 | 63,158.91 | 65,049.73 | 67,104.41 | 669,147.87 |
| Developer revenue (credits used, breakage and true-ups) | 53,704.6 | 53,288.73 | 55,377.22 | 59,397.34 | 58,952.48 | 62,831.37 | 61,602.74 | 64,980.23 | 67,525.14 | 71,843.39 | 74,715.74 | 77,791.29 | 762,010.27 |
| of which breakage recognised | 7,454.07 | 6,423.57 | 6,532.35 | 8,340.21 | 4,859.64 | 7,349.77 | 5,841.29 | 9,198.38 | 7,825.75 | 8,684.48 | 9,666.01 | 10,686.88 | 92,862.4 |
| Team plan fees | 96,044.75 | 97,888.21 | 105,298.3 | 109,988.46 | 114,651.05 | 118,912.69 | 123,440.32 | 124,638.26 | 131,899.96 | 138,048.09 | 139,939.51 | 143,943.66 | 1,444,693.26 |
| Team usage above the allowance | 16,704.74 | 17,438.89 | 19,252.61 | 19,492.97 | 19,447.48 | 22,355.25 | 21,404.75 | 22,649.61 | 22,137.25 | 26,879.57 | 25,340.03 | 25,822.87 | 258,926.02 |
| Team customers at month end | 231 | 235 | 252 | 262 | 272 | 280 | 290 | 292 | 307 | 322 | 326 | 334 | |
| Team new customers | 18 | 12 | 21 | 17 | 17 | 15 | 16 | 7 | 23 | 22 | 13 | 14 | 195 |
| Team customers lost | 7 | 8 | 4 | 7 | 7 | 7 | 6 | 5 | 8 | 7 | 9 | 6 | 81 |
| Enterprise usage (at contracted prices) | 127,934.74 | 136,097.71 | 136,377.65 | 147,477.03 | 154,125.93 | 166,667.12 | 170,159.88 | 179,920.59 | 181,828.35 | 193,604.26 | 193,461.07 | 196,023.89 | 1,983,678.22 |
| Enterprise unused commitments recognised at contract year end | 35,174.97 | 14,103.78 | 33,487.28 | 0 | 9,862.68 | 55,455.12 | 0 | 32,253.08 | 82,747.07 | 33,143.51 | 0 | 0 | 296,227.49 |
| Enterprise revenue | 163,109.71 | 150,201.49 | 169,864.93 | 147,477.03 | 163,988.61 | 222,122.24 | 170,159.88 | 212,173.67 | 264,575.42 | 226,747.77 | 193,461.07 | 196,023.89 | 2,279,905.71 |
| Enterprise billing | 165,000 | 160,000 | 170,000 | 207,500 | 160,000 | 207,500 | 212,500 | 195,000 | 212,500 | 255,000 | 197,500 | 212,500 | 2,355,000 |
| REVENUE | 329,563.8 | 318,817.32 | 349,793.06 | 336,355.8 | 357,039.62 | 426,221.55 | 376,607.69 | 424,441.77 | 486,137.77 | 463,518.82 | 433,456.35 | 443,581.71 | 4,745,535.26 |
| Units used: Document AI (thousands of pages) | 11,904.6 | 12,550.6 | 12,907.1 | 13,774.6 | 14,438.4 | 15,311.8 | 15,669.5 | 16,096.6 | 16,532.3 | 17,750 | 17,760.2 | 18,071.2 | 182,766.9 |
| Units used: Voice AI (thousands of audio minutes) | 11,456.8 | 11,904.1 | 12,219.9 | 12,920.6 | 13,477.8 | 14,227.3 | 14,474.2 | 15,019.9 | 15,383.3 | 16,130.5 | 16,109.1 | 16,479 | 169,802.5 |
| Units used: Agent workspace (thousands of agent actions) | 4,384.2 | 4,516.5 | 4,682.8 | 4,961.1 | 5,160 | 5,567 | 5,659.9 | 5,947.3 | 6,126.1 | 6,558.7 | 6,623.1 | 6,757.2 | 66,943.9 |
| GPU hours: inference | 4,751 | 4,968.3 | 5,105.3 | 5,421.2 | 5,667.2 | 5,997.5 | 6,118 | 6,320.7 | 6,482.7 | 6,874.9 | 6,873.3 | 7,013.3 | 71,593.4 |
| GPU hours: research | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,346.5 | 1,470.8 | 1,268.1 | 861.3 | 713.9 | 470.7 | 575.5 | 14,706.8 |
| GPU hours: reserved capacity | 8,928 | 8,064 | 8,928 | 8,640 | 8,928 | 8,640 | 8,928 | 8,928 | 8,640 | 8,928 | 8,640 | 8,928 | 105,120 |
| GPU hours: on-demand | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model tokens, vendor B (millions) | 26,900.7 | 27,834.5 | 28,712.1 | 30,387.9 | 31,653.5 | 33,773.8 | 34,348.8 | 35,865.8 | 36,838.2 | 39,032.5 | 39,200.3 | 40,046.4 | 404,594.5 |
| Model tokens, vendor C (millions) | 2,976.1 | 3,137.7 | 3,226.8 | 3,443.6 | 3,609.6 | 3,828 | 3,917.4 | 4,024.1 | 4,133.1 | 4,437.5 | 4,440 | 4,517.8 | 45,691.7 |
| USD per EUR (ECB monthly average) | 1.0353 | 1.0412 | 1.0806 | 1.121 | 1.1278 | 1.1515 | 1.1677 | 1.1631 | 1.1732 | 1.1631 | 1.1561 | 1.1708 | 1.1293 |
| Reserved GPUs used for inference (incl. idle), EUR | 13,802.38 | 12,106.03 | 13,223.76 | 12,246.21 | 12,670.33 | 12,351.12 | 12,453.15 | 12,842.24 | 12,929.14 | 13,771.38 | 13,779.2 | 13,911.33 | 156,086.27 |
| Reserved GPUs used for research, EUR | 3,013.62 | 2,996.54 | 2,887.28 | 2,783.23 | 2,766.45 | 2,280.23 | 2,456.16 | 2,126.03 | 1,431.58 | 1,196.9 | 793.94 | 958.51 | 25,690.47 |
| On-demand GPUs, EUR | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Model API vendor B, EUR | 50,249.23 | 52,167.97 | 53,357.42 | 55,510.4 | 56,249.26 | 60,239.9 | 59,266.77 | 62,595.98 | 63,814.16 | 68,650.56 | 68,276.38 | 68,856.47 | 719,234.5 |
| Model API vendor C, EUR | 4,753.35 | 5,102.25 | 5,167.56 | 5,761.86 | 5,696.15 | 6,492.59 | 6,181.8 | 6,249.47 | 6,609.35 | 6,728.26 | 6,996.42 | 7,104.97 | 72,844.03 |
| Hosting, storage and network, EUR | 25,880.88 | 24,699.3 | 24,185.63 | 23,999.21 | 24,152.38 | 23,190.49 | 23,842.72 | 23,349.96 | 23,209.97 | 25,859.86 | 24,822.91 | 24,086.26 | 291,279.57 |
| Provider A spend (USD, counts towards the commitment) | 44,204.07 | 41,441.71 | 43,544.59 | 43,751.12 | 44,648.65 | 43,551.85 | 45,250.74 | 44,567.94 | 44,077.94 | 47,487.2 | 45,545.77 | 45,609.79 | 533,681.37 |
| Card processing fees | 3,694.58 | 3,708.2 | 3,998.22 | 4,186.17 | 4,398.83 | 4,457.67 | 4,474.34 | 4,450.64 | 5,023.54 | 5,267.64 | 5,257.97 | 5,309.07 | 54,226.87 |
| Payroll cost: research and development | 333,664.86 | 337,717.47 | 341,770.08 | 345,822.69 | 349,875.3 | 353,927.91 | 357,980.52 | 362,033.13 | 366,085.74 | 370,138.34 | 374,190.95 | 378,243.56 | 4,271,450.55 |
| Payroll cost: solutions, support and customer success | 55,360.48 | 56,032.87 | 56,705.27 | 57,377.66 | 58,050.06 | 58,722.45 | 59,394.85 | 60,067.24 | 60,739.64 | 61,412.03 | 62,084.42 | 62,756.82 | 708,703.79 |
| Payroll cost: sales and marketing | 93,526.29 | 94,662.23 | 95,798.18 | 96,934.13 | 98,070.08 | 99,206.02 | 100,341.97 | 101,477.92 | 102,613.86 | 103,749.81 | 104,885.76 | 106,021.7 | 1,197,287.95 |
| Payroll cost: general and administrative | 54,942.58 | 55,609.89 | 56,277.21 | 56,944.53 | 57,611.85 | 58,279.17 | 58,946.49 | 59,613.81 | 60,281.13 | 60,948.44 | 61,615.76 | 62,283.08 | 703,353.94 |
| Sales commissions incl. employer contributions | 0 | 42,025.54 | 14,008.51 | 30,643.62 | 0 | 41,150 | 21,012.77 | 12,257.45 | 19,261.7 | 37,647.88 | 14,884.04 | 0 | 232,891.51 |
| Overheads | 137,445.7 | 124,573.81 | 151,777.15 | 137,133.06 | 133,542.24 | 149,687.93 | 123,124.9 | 135,361.08 | 135,688.37 | 142,723.51 | 130,471.23 | 135,093.41 | 1,636,622.39 |
| Research tax credit (CIR) accrued | 74,476.42 | 74,590.28 | 74,685.16 | 75,570.76 | 76,456.35 | 77,341.95 | 78,227.54 | 79,113.14 | 79,998.73 | 80,884.33 | 81,769.92 | 82,655.52 | 935,770.1 |
| Cost of revenue | 153,740.9 | 153,816.62 | 156,637.86 | 159,081.51 | 161,217.01 | 165,454.22 | 165,613.63 | 169,555.53 | 172,325.8 | 181,689.73 | 181,217.3 | 182,024.92 | 2,002,375.03 |
| Gross profit | 175,822.9 | 165,000.7 | 193,155.2 | 177,274.29 | 195,822.61 | 260,767.33 | 210,994.06 | 254,886.24 | 313,811.97 | 281,829.09 | 252,239.05 | 261,556.79 | 2,743,160.23 |
| EBITDA | -372,293.73 | -417,994.5 | -394,678.05 | -417,416.21 | -369,586.96 | -366,421.98 | -374,641.21 | -338,870.04 | -291,551.68 | -353,691.46 | -352,832.71 | -338,387.95 | -4,388,366.48 |
| Net cash flow before financing | -469,604 | -517,367 | -495,291 | -481,434 | -457,915 | -440,835 | -474,700 | -434,681 | 229,420 | -411,847 | -416,413 | -413,982 | -4,784,649 |
| Headcount (average in the month) | 61.8 | 62.5 | 63.2 | 64 | 64.8 | 65.5 | 66.2 | 67 | 67.8 | 68.5 | 69.2 | 70 | |
| E01 Tervane Assurances | 26,894.73 | 26,876.39 | 27,272.05 | 26,502.86 | 27,925.1 | 28,589 | 29,883.25 | 30,818.27 | 30,830.02 | 30,975.49 | 28,980.27 | 30,464.04 | 346,011.47 |
| E02 Draxholm Logistik | 14,867.67 | 14,577.97 | 13,853.5 | 14,267.47 | 14,911.9 | 15,354.52 | 15,341.01 | 15,099.27 | 14,754.34 | 16,138.38 | 16,483.97 | 15,697.01 | 181,347.01 |
| E03 Lunedo Banca | 24,290.16 | 23,627.37 | 22,697.35 | 23,344.07 | 26,340.8 | 27,003.97 | 27,524.98 | 27,508.01 | 25,913.41 | 25,569.46 | 24,281.05 | 24,425.69 | 302,526.32 |
| E04 Kellbrook Utilities | 12,908.77 | 12,194.39 | 12,691.89 | 12,987.69 | 12,404.49 | 12,211.52 | 13,375.63 | 12,699.13 | 12,604.59 | 12,764.76 | 12,756.57 | 13,482.78 | 153,082.21 |
| E05 Ambrelle Sante | 13,737.88 | 12,857.69 | 13,884.29 | 14,380.9 | 14,607.98 | 15,531.08 | 15,993.28 | 15,549.15 | 16,433.73 | 16,833.14 | 15,658.44 | 15,974.95 | 181,442.51 |
| E06 Veskari Telecom | 14,175.4 | 14,687.41 | 14,180.96 | 13,828.39 | 14,616.25 | 16,033.19 | 14,223.49 | 14,418.51 | 14,506.23 | 15,234.26 | 15,523.67 | 15,803.33 | 177,231.09 |
| E07 Oisterra Energia | 9,349.14 | 9,630.24 | 9,676.7 | 9,778.56 | 10,523.4 | 11,064.13 | 11,051.52 | 11,663.93 | 12,283.66 | 12,857.58 | 13,043.86 | 13,045.14 | 133,967.86 |
| E08 Pravenza Retail | 11,710.99 | 11,646.25 | 12,217.73 | 13,344.04 | 13,070.47 | 13,162.42 | 13,651.89 | 13,646.06 | 14,032.17 | 13,801.57 | 15,248.55 | 15,672.11 | 161,204.25 |
| E09 Solberre Mutuelle | 0 | 10,000 | 9,903.18 | 10,043.05 | 10,371.54 | 10,489.44 | 11,535.04 | 11,891.42 | 13,054.63 | 13,817.97 | 14,132.75 | 13,436.75 | 128,675.77 |
| E10 Ivarone Insurance | 0 | 0 | 0 | 9,000 | 9,354 | 10,227.85 | 10,524.07 | 11,452.9 | 11,404 | 11,526.01 | 12,580.63 | 12,917.58 | 98,987.04 |
| E11 Mercadel Foods | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,055.72 | 7,173.94 | 7,375.15 | 7,334.41 | 7,809.36 | 7,586.71 | 51,335.29 |
| E12 Halvesta Travel | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,636.42 | 8,251.23 | 7,995.56 | 8,451.46 | 41,334.67 |
| E13 Varnholm Freight | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,500 | 8,966.39 | 9,066.34 | 26,532.73 |
| E14 Brevalle Logistique | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E15 Maltessa Telecom | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E01 Tervane Assurances | 26,894.73 | 26,876.39 | 27,272.05 | 26,502.86 | 37,787.78 | 28,589 | 29,883.25 | 30,818.27 | 30,830.02 | 30,975.49 | 28,980.27 | 30,464.04 | 355,874.15 |
| E02 Draxholm Logistik | 14,867.67 | 14,577.97 | 13,853.5 | 14,267.47 | 14,911.9 | 15,354.52 | 15,341.01 | 15,099.27 | 97,501.41 | 16,138.38 | 16,483.97 | 15,697.01 | 264,094.08 |
| E03 Lunedo Banca | 59,465.13 | 23,627.37 | 22,697.35 | 23,344.07 | 26,340.8 | 27,003.97 | 27,524.98 | 27,508.01 | 25,913.41 | 25,569.46 | 24,281.05 | 24,425.69 | 337,701.29 |
| E04 Kellbrook Utilities | 12,908.77 | 12,194.39 | 46,179.17 | 12,987.69 | 12,404.49 | 12,211.52 | 13,375.63 | 12,699.13 | 12,604.59 | 12,764.76 | 12,756.57 | 13,482.78 | 186,569.49 |
| E05 Ambrelle Sante | 13,737.88 | 12,857.69 | 13,884.29 | 14,380.9 | 14,607.98 | 70,986.2 | 15,993.28 | 15,549.15 | 16,433.73 | 16,833.14 | 15,658.44 | 15,974.95 | 236,897.63 |
| E06 Veskari Telecom | 14,175.4 | 14,687.41 | 14,180.96 | 13,828.39 | 14,616.25 | 16,033.19 | 14,223.49 | 46,671.59 | 14,506.23 | 15,234.26 | 15,523.67 | 15,803.33 | 209,484.17 |
| E07 Oisterra Energia | 9,349.14 | 9,630.24 | 9,676.7 | 9,778.56 | 10,523.4 | 11,064.13 | 11,051.52 | 11,663.93 | 12,283.66 | 46,001.09 | 13,043.86 | 13,045.14 | 167,111.37 |
| E08 Pravenza Retail | 11,710.99 | 25,750.03 | 12,217.73 | 13,344.04 | 13,070.47 | 13,162.42 | 13,651.89 | 13,646.06 | 14,032.17 | 13,801.57 | 15,248.55 | 15,672.11 | 175,308.03 |
| E09 Solberre Mutuelle | 0 | 10,000 | 9,903.18 | 10,043.05 | 10,371.54 | 10,489.44 | 11,535.04 | 11,891.42 | 13,054.63 | 13,817.97 | 14,132.75 | 13,436.75 | 128,675.77 |
| E10 Ivarone Insurance | 0 | 0 | 0 | 9,000 | 9,354 | 10,227.85 | 10,524.07 | 11,452.9 | 11,404 | 11,526.01 | 12,580.63 | 12,917.58 | 98,987.04 |
| E11 Mercadel Foods | 0 | 0 | 0 | 0 | 0 | 7,000 | 7,055.72 | 7,173.94 | 7,375.15 | 7,334.41 | 7,809.36 | 7,586.71 | 51,335.29 |
| E12 Halvesta Travel | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 8,636.42 | 8,251.23 | 7,995.56 | 8,451.46 | 41,334.67 |
| E13 Varnholm Freight | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,500 | 8,966.39 | 9,066.34 | 26,532.73 |
| E14 Brevalle Logistique | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| E15 Maltessa Telecom | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| purchase month | cohort no | purchased ex vat | used | expired unused | share expired | status |
|---|---|---|---|---|---|---|
| Jan-24 | -23 | 44,651.42 | 38,283.73 | 6,367.69 | 0.1426 | expired in 2025 |
| Feb-24 | -22 | 43,852.51 | 38,561.29 | 5,291.22 | 0.1207 | expired in 2025 |
| Mar-24 | -21 | 40,367.69 | 35,636.48 | 4,731.21 | 0.1172 | expired in 2025 |
| Apr-24 | -20 | 43,900.73 | 37,420.11 | 6,480.62 | 0.1476 | expired in 2025 |
| May-24 | -19 | 46,391.67 | 43,039.33 | 3,352.34 | 0.0723 | expired in 2025 |
| Jun-24 | -18 | 47,011.43 | 41,560.05 | 5,451.38 | 0.116 | expired in 2025 |
| Jul-24 | -17 | 44,051.16 | 40,316.06 | 3,735.1 | 0.0848 | expired in 2025 |
| Aug-24 | -16 | 44,024.66 | 37,340.95 | 6,683.71 | 0.1518 | expired in 2025 |
| Sep-24 | -15 | 53,252.69 | 47,139.63 | 6,113.06 | 0.1148 | expired in 2025 |
| Oct-24 | -14 | 52,460.14 | 46,101.65 | 6,358.49 | 0.1212 | expired in 2025 |
| Nov-24 | -13 | 57,004.97 | 49,464.25 | 7,540.72 | 0.1323 | expired in 2025 |
| Dec-24 | -12 | 52,763.48 | 45,079.94 | 7,683.54 | 0.1456 | expired in 2025 |
| Jan-25 | -11 | 59,181.33 | 52,401.57 | live at 31-Dec-25 | ||
| Feb-25 | -10 | 57,327.92 | 47,495.66 | live at 31-Dec-25 | ||
| Mar-25 | -9 | 61,635.47 | 52,695.73 | live at 31-Dec-25 | ||
| Apr-25 | -8 | 65,423.87 | 53,709.76 | live at 31-Dec-25 | ||
| May-25 | -7 | 70,630.94 | 57,361.55 | live at 31-Dec-25 | ||
| Jun-25 | -6 | 66,465.34 | 51,331.18 | live at 31-Dec-25 | ||
| Jul-25 | -5 | 63,741.37 | 45,864.88 | live at 31-Dec-25 | ||
| Aug-25 | -4 | 60,341.25 | 41,469.06 | live at 31-Dec-25 | ||
| Sep-25 | -3 | 79,861.34 | 48,246.29 | live at 31-Dec-25 | ||
| Oct-25 | -2 | 80,534.2 | 41,428.67 | live at 31-Dec-25 | ||
| Nov-25 | -1 | 79,718.21 | 30,509.73 | live at 31-Dec-25 | ||
| Dec-25 | 0 | 77,725.58 | 17,459.63 | live at 31-Dec-25 |
| Measure | Value |
|---|---|
| history / packs 2024 share expired unused | 0.1225 |
Receivables & payables
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Value |
|---|---|
| as at | 2026-08-31 |
| Counterparty (fictional) | Item / document | Group | Amount (EUR) | Due date | Days past due | Not yet due | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | Action / note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tervane Assurances | May invoice: usage above the commitment (incl. 20% VAT), disputed | Enterprise, France | 18,071.21 | 2026-07-15 | 47 | 0 | 0 | 18,071.21 | 0 | 0 | Disputed: the account says calls retried during the 28 April incident were billed twice. Engineering review of the call logs under way; 30% credit expected (refund liability booked in August). |
| Ambrelle Sante | July invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 78,000 | 2026-09-14 | 0 | 78,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Brevalle Logistique | July invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 22,000 | 2026-09-14 | 0 | 22,000 | 0 | 0 | 0 | 0 | 45-day terms; EUR 50,000.00 received on 28-Aug-26, balance due. |
| Solberre Mutuelle | August invoice: commitment for the contract quarter (incl. 20% VAT) | Enterprise, France | 57,000 | 2026-10-15 | 0 | 57,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Draxholm Logistik | July invoice: commitment for the contract quarter | Enterprise, outside France | 70,000 | 2026-09-14 | 0 | 70,000 | 0 | 0 | 0 | 0 | 45-day terms. |
| Kellbrook Utilities | July invoice: commitment for the contract quarter | Enterprise, outside France | 40,000 | 2026-09-14 | 0 | 40,000 | 0 | 0 | 0 | 0 | 45-day terms; EUR 12,500.00 received on 28-Aug-26, balance due. |
| Maltessa Telecom | July invoice: commitment for the contract quarter | Enterprise, outside France | 75,000 | 2026-09-29 | 0 | 75,000 | 0 | 0 | 0 | 0 | 60-day terms. |
| Halvesta Travel | August invoice: commitment for the contract quarter | Enterprise, outside France | 37,500 | 2026-10-15 | 0 | 37,500 | 0 | 0 | 0 | 0 | 45-day terms. |
| Lunedo Banca | August invoice: commitment for the contract quarter | Enterprise, outside France | 80,000 | 2026-10-30 | 0 | 80,000 | 0 | 0 | 0 | 0 | 60-day terms. |
| Oisterra Energia | August invoice: commitment for the contract quarter | Enterprise, outside France | 42,500 | 2026-10-30 | 0 | 42,500 | 0 | 0 | 0 | 0 | 60-day terms. |
| Value |
|---|
| TOTAL |
| 520,071.21 |
| 502,000 |
| 0 |
| 18,071.21 |
| 0 |
| 0 |
| label | values |
|---|---|
| Enterprise, France: aging vs ledger | [null, null, 175071.21, "Ledger balance", 175071.208, "Difference", 0, null] |
| Enterprise, outside France: aging vs ledger | [null, null, 345000, "Ledger balance", 344999.99, "Difference", 0, null] |
| Measure | Value |
|---|---|
| as at | 2026-08-31 |
| Counterparty (fictional) | Item / document | Group | Amount (EUR) | Due date | Days past due | Not yet due | 1 to 30 | 31 to 60 | 61 to 90 | Over 90 | Action / note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cloud provider A | August invoice: reserved GPUs, on-demand GPUs and hosting (USD 58,168 at the August average rate) | Compute suppliers (USD) | 50,175.03 | 2026-09-15 | 0 | 50,175.03 | 0 | 0 | 0 | 0 | Paid by wire on the 15th; reverse charge, no VAT on the invoice. |
| Model API vendor B | August invoice: voice and agent model tokens (USD 108,660 at the August average rate) | Compute suppliers (USD) | 93,729.4 | 2026-09-15 | 0 | 93,729.4 | 0 | 0 | 0 | 0 | Paid by wire on the 15th; reverse charge. |
| Model API vendor C | August invoice: document model tokens (EUR) | Model API vendor C (EUR) | 9,871.04 | 2026-09-15 | 0 | 9,871.04 | 0 | 0 | 0 | 0 | EU supplier: reverse charge. |
| Software, media platforms and travel | August charges on the company cards | Card suppliers | 60,109.26 | 2026-09-05 | 0 | 60,109.26 | 0 | 0 | 0 | 0 | Card statements settled on the 5th. |
| Events agency | August invoice: autumn conference stand and client event (incl. 20% VAT) | French suppliers | 15,751.99 | 2026-09-30 | 0 | 15,751.99 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Audit, legal and accounting advisers | August invoices: audit fieldwork and legal advice (incl. 20% VAT) | French suppliers | 19,053.98 | 2026-09-30 | 0 | 19,053.98 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Job boards and recruitment platforms | August invoice: job advertising (incl. 20% VAT) | French suppliers | 1,200 | 2026-09-30 | 0 | 1,200 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| IT equipment reseller | August invoice: IT equipment (incl. 20% VAT) | French suppliers | 2,622.01 | 2026-09-30 | 0 | 2,622.01 | 0 | 0 | 0 | 0 | 30-day terms; VAT deducted when paid. |
| Value |
|---|
| TOTAL |
| 252,512.71 |
| 252,512.71 |
| 0 |
| 0 |
| 0 |
| 0 |
| label | values |
|---|---|
| Compute suppliers (USD): aging vs schedule | [null, null, 143904.43, "Ledger balance", 143904.4251, "Difference", 0, null] |
| Model API vendor C: aging vs schedule | [null, null, 9871.04, "Ledger balance", 9871.04, "Difference", 0, null] |
| Card suppliers: aging vs schedule | [null, null, 60109.26, "Ledger balance", 60109.26, "Difference", 0, null] |
| French suppliers: aging vs schedule | [null, null, 38627.98, "Ledger balance", 38627.986, "Difference", 0, null] |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Card charges incl. VAT | CARD SALES | Credits and Team | 280,545.1213 | 297,251.0983 | 307,581.0979 | 302,800.4581 | 314,817.3394 | 323,309.6276 | 327,216.2232 | 320,609.3165 | 349,991.6611 | 362,756.3129 | 371,078.5478 | 375,710.8688 | 396,445.6585 | 404,740.5418 | 418,714.5392 | 424,195.0488 | 433,654.8179 | 446,581.3994 | 446,567.9895 | 439,473.6277 | 485,617.0709 | 500,934.7439 | 509,517.2783 | 512,800.8576 | 3,933,667.6729 | 5,419,243.5732 |
| Card processing fees | CARD SALES | A: statements; F: rate x charges + fee x charges | 5,639.98 | 5,763.05 | 6,071.85 | 5,962.55 | 6,279.26 | 6,407.25 | 6,447.74 | 6,341.18 | 6,929.661 | 7,183.9397 | 7,347.5873 | 7,436.5337 | 7,854.943 | 8,018.3114 | 8,298.1678 | 8,404.4643 | 8,592.884 | 8,852.4109 | 8,847.4355 | 8,698.8661 | 9,640.4376 | 9,948.1534 | 10,118.1071 | 10,180.2989 | 77,810.5817 | 107,454.48 |
| Payouts received | CARD SALES | A: bank; F: charges less fees | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 343,062.0001 | 355,572.3732 | 363,730.9605 | 368,274.3351 | 388,590.7155 | 396,722.2303 | 410,416.3714 | 415,790.5844 | 425,061.9338 | 437,728.9885 | 437,720.554 | 430,774.7616 | 475,976.6333 | 490,986.5905 | 499,399.1712 | 502,620.5587 | 3,855,857.0989 | 5,311,789.0933 |
| CARD PROCESSOR BALANCE | CARD SALES | opening + charges - fees - payouts | 0.0013 | -0.0004 | -0.0025 | -0.0044 | -0.005 | -0.0074 | -0.0042 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 | -0.0077 |
| Invoiced incl. VAT | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | Enterprise | 72,000 | 57,000 | 105,000 | 144,000 | 75,071.208 | 114,000 | 150,000 | 57,000 | 114,000 | 150,000 | 132,600 | 114,000 | 150,000 | 139,319.5862 | 172,397.1094 | 212,523.0299 | 197,733.1132 | 146,880 | 158,040 | 136,080 | 146,880 | 158,040 | 137,760 | 146,880 | 1,284,671.208 | 1,902,532.8387 |
| Disputed Tervane May invoice still open | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | A: from June; F: until settled | 0 | 0 | 0 | 0 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 18,071.21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Receivable on current invoices per the collection days (forecast rule) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | invoicing still inside the days | 72,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 164,047.472 | 226,000 | 157,000 | 152,000 | 226,000 | 232,600 | 202,400 | 226,000 | 239,319.5862 | 265,276.8335 | 327,454.4361 | 339,415.1331 | 278,702.0755 | 255,960 | 241,440 | 237,600 | 255,960 | 243,120 | 238,720 | 202,400 | 238,720 |
| Cash received on current invoices | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | A: bank; F: opening current balance + invoiced - receivable per the rule | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 118,999.998 | 76,000 | 126,000 | 144,200 | 126,400 | 126,000 | 146,439.8621 | 150,345.4273 | 185,772.4162 | 207,593.0577 | 180,782.0755 | 150,600 | 150,720 | 139,680 | 150,600 | 151,280 | 1,205,199.998 | 1,866,212.8387 |
| Disputed invoice collected | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | drivers: month and share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,264.089 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,264.089 | 0 |
| Credit note on the disputed invoice (incl. VAT) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,807.121 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,807.121 | 0 | |
| Cash received | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 118,999.998 | 92,264.089 | 126,000 | 144,200 | 126,400 | 126,000 | 146,439.8621 | 150,345.4273 | 185,772.4162 | 207,593.0577 | 180,782.0755 | 150,600 | 150,720 | 139,680 | 150,600 | 151,280 | 1,221,464.087 | 1,866,212.8387 | |
| RECEIVABLE: ACCOUNTS IN FRANCE | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | 142,000 | 105,000 | 143,000 | 214,000 | 171,071.208 | 170,071.208 | 244,071.208 | 175,071.208 | 170,071.21 | 226,000 | 232,600 | 202,400 | 226,000 | 239,319.5862 | 265,276.8335 | 327,454.4361 | 339,415.1331 | 278,702.0755 | 255,960 | 241,440 | 237,600 | 255,960 | 243,120 | 238,720 | 202,400 | 238,720 | |
| VAT on French invoices not yet collected (due when paid) | ENTERPRISE ACCOUNTS IN FRANCE (incl. VAT) | receivable x 20 / 120 | 23,666.6667 | 17,500 | 23,833.3333 | 35,666.6667 | 28,511.868 | 28,345.2013 | 40,678.5347 | 29,178.5347 | 28,345.2017 | 37,666.6667 | 38,766.6667 | 33,733.3333 | 37,666.6667 | 39,886.5977 | 44,212.8056 | 54,575.7394 | 56,569.1889 | 46,450.3459 | 42,660 | 40,240 | 39,600 | 42,660 | 40,520 | 39,786.6667 | 33,733.3333 | 39,786.6667 |
| Invoiced | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | Enterprise | 200,087.31 | 165,716.42 | 85,000 | 202,500 | 157,500 | 87,500 | 277,500 | 160,000 | 91,875 | 291,304.7175 | 168,690.5326 | 168,410.3881 | 335,736.2603 | 251,780.2444 | 179,585.5695 | 304,389.8743 | 290,607.2719 | 161,000 | 306,236.8033 | 278,500 | 165,750 | 329,053.5796 | 326,422.1282 | 224,696.9367 | 2,056,084.3682 | 3,153,758.6682 |
| Receivable per the collection days (forecast rule) | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | 200,087.31 | 299,107.96 | 195,477.6133 | 259,166.6667 | 292,500 | 192,500 | 335,833.3333 | 345,000 | 198,541.6667 | 352,554.7175 | 362,893.6776 | 280,870.7432 | 448,009.8524 | 475,604.4179 | 347,439.0658 | 424,113.5873 | 493,533.8547 | 354,738.1812 | 413,570.1366 | 482,657.8689 | 351,416.6667 | 439,553.5796 | 545,791.1812 | 442,311.6889 | 280,870.7432 | 442,311.6889 | |
| Cash received | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | A: bank; F: opening + invoiced - receivable per the rule | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 238,333.3233 | 137,291.6667 | 158,351.5725 | 250,433.3225 | 168,597.1511 | 224,185.6788 | 307,750.9217 | 227,715.3527 | 221,187.0044 | 299,795.6735 | 247,404.8479 | 209,412.2678 | 296,991.2022 | 240,916.6667 | 220,184.5265 | 328,176.4291 | 2,001,880.295 | 2,992,317.7225 |
| RECEIVABLE: ACCOUNTS OUTSIDE FRANCE | ENTERPRISE ACCOUNTS OUTSIDE FRANCE | 283,420.64 | 299,107.96 | 195,477.61 | 259,166.66 | 292,499.99 | 192,499.99 | 335,833.32 | 344,999.99 | 198,541.6667 | 352,554.7175 | 362,893.6776 | 280,870.7432 | 448,009.8524 | 475,604.4179 | 347,439.0658 | 424,113.5873 | 493,533.8547 | 354,738.1812 | 413,570.1366 | 482,657.8689 | 351,416.6667 | 439,553.5796 | 545,791.1812 | 442,311.6889 | 280,870.7432 | 442,311.6889 | |
| Enterprise receivables | TOTALS | 425,420.64 | 404,107.96 | 338,477.61 | 473,166.66 | 463,571.198 | 362,571.198 | 579,904.528 | 520,071.198 | 368,612.8767 | 578,554.7175 | 595,493.6776 | 483,270.7432 | 674,009.8524 | 714,924.0041 | 612,715.8993 | 751,568.0235 | 832,948.9879 | 633,440.2567 | 669,530.1366 | 724,097.8689 | 589,016.6667 | 695,513.5796 | 788,911.1812 | 681,031.6889 | 483,270.7432 | 681,031.6889 | |
| Debtor days (receivables / invoicing of the last three months x days) | TOTALS | 48.4699 | 48.1855 | 44.4843 | 55.4675 | 55.4546 | 42.269 | 61.9232 | 56.5562 | 39.8793 | 61.5926 | 57.134 | 43.3763 | 57.9827 | 55.5043 | 44.876 | 53.0871 | 56.4613 | 43.8973 | 48.867 | 56.1346 | 45.4806 | 52.6946 | 56.8008 | 47.3635 | 43.3763 | 47.3635 | |
| TOTAL CASH RECEIVED FROM CUSTOMERS | TOTALS | 489,238.48 | 535,517.15 | 557,139.6 | 508,648.86 | 550,704.75 | 619,402.38 | 530,935.15 | 591,101.47 | 700,395.3214 | 585,128.1289 | 648,082.533 | 762,907.6576 | 683,587.8666 | 746,907.9092 | 864,607.1551 | 793,851.3645 | 832,021.3545 | 945,117.7196 | 865,907.4774 | 790,787.0294 | 923,687.8355 | 871,583.2572 | 870,183.6977 | 982,076.9878 | 7,079,201.481 | 10,170,319.6544 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invoices (USD) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | usage, APIs and any commitment shortfall | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 167,466.5784 | 137,516.7242 | 141,652.7963 | 257,832.5058 | 163,766.7225 | 165,708.9502 | 173,655.8359 | 175,105.6614 | 181,162.5384 | 183,090.0515 | 186,493.0158 | 188,920.1454 | 191,782.2285 | 196,841.9844 | 199,383.945 | 204,005.4874 | 1,924,076.8048 | 2,209,916.5664 |
| Invoices (EUR at the rate of the month) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 141,920.8292 | 116,539.5968 | 120,044.7427 | 218,502.1235 | 138,785.3581 | 140,431.3137 | 147,165.9626 | 148,394.6283 | 153,527.5749 | 155,161.0606 | 158,044.9286 | 160,101.8182 | 162,527.3123 | 166,815.241 | 168,969.4449 | 172,886.0063 | 1,646,392.728 | 1,872,810.6495 | |
| Paid (EUR debited) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | A: bank; F: prior month USD / rate of this month | 107,546.17 | 123,320.74 | 125,872.77 | 124,046.4 | 123,735.7 | 133,093.42 | 134,594.58 | 142,250.18 | 141,380 | 141,920.8292 | 116,539.5968 | 120,044.7427 | 218,502.1235 | 138,785.3581 | 140,431.3137 | 147,165.9626 | 148,394.6283 | 153,527.5749 | 155,161.0606 | 158,044.9286 | 160,101.8182 | 162,527.3123 | 166,815.241 | 168,969.4449 | 1,534,345.1287 | 1,918,426.7668 |
| Exchange difference on settlement: gain (+) / loss (-) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | balance booked less EUR paid | 266.39 | 903.6018 | -2,821.3025 | 1,577.6786 | -338.2801 | -1,778.6851 | -1,168.6618 | 2,192.8698 | 2,524.4251 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,358.0358 | 0 |
| Payable: compute suppliers in USD (EUR) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 124,224.3418 | 123,051.4675 | 125,624.0786 | 123,397.4199 | 131,314.7349 | 133,425.9182 | 144,443.0498 | 143,904.4251 | 141,920.8292 | 116,539.5968 | 120,044.7427 | 218,502.1235 | 138,785.3581 | 140,431.3137 | 147,165.9626 | 148,394.6283 | 153,527.5749 | 155,161.0606 | 158,044.9286 | 160,101.8182 | 162,527.3123 | 166,815.241 | 168,969.4449 | 172,886.0063 | 218,502.1235 | 172,886.0063 | |
| Payable in USD (memo) | COMPUTE SUPPLIERS IN USD (Provider A and model API vendor B) | 145,802.11 | 145,483.75 | 145,196.31 | 144,436.68 | 153,283.69 | 153,666.63 | 164,910.63 | 166,828.4 | 167,466.5784 | 137,516.7242 | 141,652.7963 | 257,832.5058 | 163,766.7225 | 165,708.9502 | 173,655.8359 | 175,105.6614 | 181,162.5384 | 183,090.0515 | 186,493.0158 | 188,920.1454 | 191,782.2285 | 196,841.9844 | 199,383.945 | 204,005.4874 | 257,832.5058 | 204,005.4874 | |
| Invoices | MODEL API VENDOR C (EUR, reverse charge) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 10,116.2745 | 10,397.0736 | 10,989.972 | 11,499.3575 | 12,484.001 | 13,051.9234 | 13,498.0944 | 13,782.4575 | 14,349.6857 | 14,663.3438 | 14,975.2989 | 15,254.2324 | 15,731.4457 | 16,176.0417 | 16,578.9581 | 16,975.1976 | 114,434.0975 | 177,520.6802 | |
| Paid (15th of the next month) | MODEL API VENDOR C (EUR, reverse charge) | A: bank; F: prior balance | 7,104.97 | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 10,116.2745 | 10,397.0736 | 10,989.972 | 11,499.3575 | 12,484.001 | 13,051.9234 | 13,498.0944 | 13,782.4575 | 14,349.6857 | 14,663.3438 | 14,975.2989 | 15,254.2324 | 15,731.4457 | 16,176.0417 | 16,578.9581 | 110,039.7101 | 172,044.84 |
| Payable: vendor C | MODEL API VENDOR C (EUR, reverse charge) | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 10,116.2745 | 10,397.0736 | 10,989.972 | 11,499.3575 | 12,484.001 | 13,051.9234 | 13,498.0944 | 13,782.4575 | 14,349.6857 | 14,663.3438 | 14,975.2989 | 15,254.2324 | 15,731.4457 | 16,176.0417 | 16,578.9581 | 16,975.1976 | 11,499.3575 | 16,975.1976 | |
| Charges | COMPANY CARD STATEMENTS (software, paid media, travel) | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 74,625.5053 | 74,858.3425 | 81,513.8902 | 75,573.369 | 75,564.4475 | 75,803.4722 | 76,047.6456 | 67,475.0733 | 76,288.4735 | 82,713.2105 | 76,284.4379 | 76,284.4716 | 819,053.2138 | 913,032.3391 | |
| Paid (statement settled on the 5th) | COMPANY CARD STATEMENTS (software, paid media, travel) | A: bank; F: prior balance | 67,925.28 | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 74,625.5053 | 74,858.3425 | 81,513.8902 | 75,573.369 | 75,564.4475 | 75,803.4722 | 76,047.6456 | 67,475.0733 | 76,288.4735 | 82,713.2105 | 76,284.4379 | 819,169.2126 | 904,557.1486 |
| Payable: card statements | COMPANY CARD STATEMENTS (software, paid media, travel) | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 60,109.26 | 67,287.2 | 73,276.6353 | 67,816.0773 | 67,809.2811 | 74,625.5053 | 74,858.3425 | 81,513.8902 | 75,573.369 | 75,564.4475 | 75,803.4722 | 76,047.6456 | 67,475.0733 | 76,288.4735 | 82,713.2105 | 76,284.4379 | 76,284.4716 | 67,809.2811 | 76,284.4716 | |
| Invoices incl. VAT | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 52,015.608 | 61,986 | 95,719.896 | 62,591.64 | 52,805.772 | 79,688.208 | 42,612.624 | 38,627.988 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 111,793.2223 | 64,471.362 | 88,082.772 | 76,987.0285 | 53,417.5173 | 93,798.7372 | 65,728.3607 | 53,842.5893 | 65,816.5732 | 54,015.1062 | 54,013.8338 | 54,112.3194 | 701,464.287 | 836,079.4219 | |
| Paid (30 days) | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | A: bank; F: prior balance | 48,894.67 | 52,015.61 | 61,986 | 95,719.9 | 62,591.64 | 52,805.77 | 79,688.21 | 42,612.62 | 38,627.986 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 111,793.2223 | 64,471.362 | 88,082.772 | 76,987.0285 | 53,417.5173 | 93,798.7372 | 65,728.3607 | 53,842.5893 | 65,816.5732 | 54,015.1062 | 54,013.8338 | 700,726.006 | 831,600.0534 |
| Payable: French suppliers | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 52,015.608 | 61,985.998 | 95,719.894 | 62,591.634 | 52,805.766 | 79,688.204 | 42,612.618 | 38,627.986 | 40,200 | 63,960 | 61,623.6 | 49,632.951 | 111,793.2223 | 64,471.362 | 88,082.772 | 76,987.0285 | 53,417.5173 | 93,798.7372 | 65,728.3607 | 53,842.5893 | 65,816.5732 | 54,015.1062 | 54,013.8338 | 54,112.3194 | 49,632.951 | 54,112.3194 | |
| TOTAL TRADE PAYABLES | FRENCH SUPPLIERS (events, advisers, recruitment, equipment; incl. VAT) | 254,438.8798 | 261,110.7455 | 303,554.6626 | 264,190.2839 | 258,891.9409 | 290,243.2122 | 264,786.1478 | 252,512.7111 | 259,524.3037 | 264,173.3058 | 260,474.392 | 347,443.7131 | 337,688.0867 | 292,812.9415 | 330,260.7192 | 314,737.4832 | 296,859.2254 | 339,426.6138 | 314,796.2339 | 296,673.7132 | 320,363.8046 | 319,719.5994 | 315,846.6747 | 320,257.995 | 347,443.7131 | 320,257.995 |
13-week cash forecast
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | 2026-09-18 | 2026-09-25 | 2026-10-02 | 2026-10-09 | 2026-10-16 | 2026-10-23 | 2026-10-30 | 2026-11-06 | 2026-11-13 | 2026-11-20 | 2026-11-27 | 2026-12-04 | 2026-12-11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Card payouts: Developer packs and Team plans (daily, net of fees) | 80,984.8421 | 80,984.8421 | 80,786.4689 | 80,290.5359 | 80,290.5359 | 80,290.5359 | 80,290.5359 | 84,216.2686 | 84,870.5574 | 84,870.5574 | 84,870.5574 | 83,892.3651 | 83,158.7208 |
| Enterprise receipts (month-end payment runs of the accounts) | 0 | 357,333.3213 | 0 | 0 | 0 | 0 | 229,555.7557 | 0 | 0 | 0 | 284,351.5725 | 0 | 0 |
| Interest on term deposits (month end) | 0 | 0 | 14,005.8734 | 0 | 0 | 0 | 0 | 13,555.1836 | 0 | 0 | 0 | 12,754.7061 | 0 |
| TOTAL RECEIPTS | 80,984.8421 | 438,318.1635 | 94,792.3423 | 80,290.5359 | 80,290.5359 | 80,290.5359 | 309,846.2916 | 97,771.4522 | 84,870.5574 | 84,870.5574 | 369,222.1299 | 96,647.0712 | 83,158.7208 |
| Net pay: salaries and commissions (last working day) | 0 | 0 | -330,112.7492 | 0 | 0 | 0 | -338,184.3294 | 0 | 0 | 0 | 0 | -351,864.7633 | 0 |
| URSSAF for the prior month (DSN date, the 5th) | 0 | 0 | 0 | -237,866.3039 | 0 | 0 | 0 | -243,192.1133 | 0 | 0 | 0 | 0 | -251,829.5239 |
| Income tax withheld at source for the prior month (the 5th) | 0 | 0 | 0 | -47,171.6485 | 0 | 0 | 0 | -48,166.3687 | 0 | 0 | 0 | 0 | -50,109.2674 |
| Agirc-Arrco and schemes for the prior month (effective by the 25th) | 0 | -89,269.91 | 0 | 0 | 0 | -82,399.7544 | 0 | 0 | 0 | 0 | -84,649.782 | 0 | 0 |
| Compute suppliers in USD: Provider A and vendor B (wire on the 15th) | -141,380 | 0 | 0 | 0 | -141,920.8292 | 0 | 0 | 0 | 0 | -116,539.5968 | 0 | 0 | 0 |
| Model API vendor C (15th) | -9,871.04 | 0 | 0 | 0 | -10,116.2745 | 0 | 0 | 0 | 0 | -10,397.0736 | 0 | 0 | 0 |
| Company card statements: software, media, travel (5th) | 0 | 0 | 0 | -67,287.2 | 0 | 0 | 0 | -73,276.6353 | 0 | 0 | 0 | 0 | -67,816.0773 |
| French suppliers incl. VAT and equipment (30 days) | -9,013.0475 | -9,013.0475 | -9,031.4394 | -9,077.4194 | -9,077.4194 | -9,077.4194 | -9,077.4194 | -14,088.7742 | -14,924 | -14,924 | -14,924 | -14,347.4323 | -13,915.0065 |
| Rent for the quarter, in advance (first working day) | 0 | 0 | -122,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Insurance (direct debit) | 0 | 0 | 0 | 0 | -4,500 | 0 | 0 | 0 | -4,500 | 0 | 0 | 0 | -4,500 |
| VAT return, CA3 (the 19th) | 0 | -38,769.3256 | 0 | 0 | 0 | -40,288.6179 | 0 | 0 | 0 | -16,125.1684 | 0 | 0 | 0 |
| Local business taxes: CVAE instalment (15 Sep), CFE (15 Dec) | -1,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| TOTAL PAYMENTS | -162,114.0875 | -137,052.2831 | -461,544.1886 | -361,402.5718 | -165,614.523 | -131,765.7916 | -347,261.7487 | -378,723.8916 | -19,424 | -157,985.8388 | -99,573.782 | -366,212.1956 | -388,169.8751 |
| NET CASH FLOW FOR THE WEEK | -81,129.2453 | 301,265.8804 | -366,751.8463 | -281,112.0359 | -85,323.9871 | -51,475.2557 | -37,415.4572 | -280,952.4394 | 65,446.5574 | -73,115.2814 | 269,648.348 | -269,565.1244 | -305,011.1543 |
| Opening cash | 9,081,350.8583 | 9,000,221.613 | 9,301,487.4934 | 8,934,735.6471 | 8,653,623.6112 | 8,568,299.6241 | 8,516,824.3684 | 8,479,408.9112 | 8,198,456.4719 | 8,263,903.0293 | 8,190,787.7479 | 8,460,436.0959 | 8,190,870.9715 |
| CLOSING CASH | 9,000,221.613 | 9,301,487.4934 | 8,934,735.6471 | 8,653,623.6112 | 8,568,299.6241 | 8,516,824.3684 | 8,479,408.9112 | 8,198,456.4719 | 8,263,903.0293 | 8,190,787.7479 | 8,460,436.0959 | 8,190,870.9715 | 7,885,859.8173 |
| Minimum cash buffer (board policy) | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| HEADROOM / (SHORTFALL) VS BUFFER | 6,000,221.613 | 6,301,487.4934 | 5,934,735.6471 | 5,653,623.6112 | 5,568,299.6241 | 5,516,824.3684 | 5,479,408.9112 | 5,198,456.4719 | 5,263,903.0293 | 5,190,787.7479 | 5,460,436.0959 | 5,190,870.9715 | 4,885,859.8173 |
| Status | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK | OK |
| Measure | Value |
|---|---|
| low | 7,885,859.8173 |
| lowwk | 2026-12-11 |
| short | 4,885,859.8173 |
| fac | 0 |
| fachead | 0 |
| taxwk | 1,231,687.7841 |
| Measure | Value |
|---|---|
| rec close | 7,885,859.8173 |
| rec dec | -11,582.4284 |
| rec implied | 7,874,277.3888 |
| rec bs | 7,874,277.389 |
| rec diff | 0 |
Schedules & controls
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Measure | Value |
|---|---|
| overall status | OK |
| check | proves | value | tolerance | status |
|---|---|---|---|---|
| Balance sheet balances in every month | Total assets less liabilities and equity, all 24 months | 0 | 0.5 | OK |
| Cash flow: indirect method equals direct method every month | P&L and balance sheet movements equal the sum of the schedule cash lines | 0 | 0.5 | OK |
| Closing cash on the cash flow equals balance sheet cash | Link integrity | 0 | 0.5 | OK |
| Accumulated losses roll: closing = opening + net result | Equity roll-forward to Dec-27 | 0 | 0.5 | OK |
| Opening balance sheet at 31-Dec-25 balances | FY2025 closing balances on Inputs_Actuals | 0 | 0.5 | OK |
| Developer credits: liability roll-forward equals the pack schedule, every month | Packs live less credits used grossed up for breakage | 0 | 0.5 | OK |
| Opening Developer liability equals the pack schedule at 31-Dec-25 | FY2025 accounts agree with the credit ledger | 0 | 0.5 | OK |
| Usage curve of a pack adds up to one less the expected breakage | Every credit is used or expires | 0 | 0 | OK |
| Team customers: billing system equals the bridge (actual months) | New and lost customers explain the base | 0 | 0.001 | OK |
| Enterprise: every contract position clears at the end of its contract year | Commitment billed + usage above it = usage + unused commitment | 0 | 0.5 | OK |
| Enterprise: change in net contract positions equals billing less revenue, every month | Contract liabilities and assets tie to the account schedules | 0 | 0.5 | OK |
| Revenue by product adds up to total revenue, every month | Mix by segment and account covers every euro | 0 | 0.5 | OK |
| P&L revenue equals the revenue schedule, every month | Link integrity | 0 | 0.5 | OK |
| GPU scheduler hours equal units x GPU hours per unit (actual months, within 1 hour) | Metering and compute agree | 0 | 0.5 | OK |
| On-demand hours equal inference above usable reserved capacity (forecast months) | Capacity rule applied | 0 | 0.5 | OK |
| Product compute costs add up to compute in cost of revenue, every month | Allocation by GPU hours, tokens and hosting drivers is complete | 0 | 0.5 | OK |
| Onerous provision equals the expected commitment shortfall (forecast months) | IAS 37 provision follows the full-year spend | 0 | 0.5 | OK |
| Gross margin by product reconciles to the P&L gross profit, every month | Revenue, compute, card fees and support fully allocated | 0 | 0.5 | OK |
| Gross margin by segment equals gross margin by product, every month | 0 | 0.5 | OK | |
| Gross salaries equal net pay plus employee contributions and withholding, every month | Payroll journal integrity | 0 | 0.5 | OK |
| URSSAF payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| Withholding at source payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| Agirc-Arrco and schemes payable at each forecast month end equals the month due | Paid the following month | 0 | 0.5 | OK |
| RGDU coefficient never above its maximum (Tmin + Tdelta) | Headroom to 0.4021 | 0.3242 | 0 | OK |
| VAT position equals the month plus any credit carried, every month | Monthly CA3 | 0 | 0.5 | OK |
| Opening VAT on uncollected French invoices and on unpaid French supplier invoices equal 20/120 of the balances | VAT on services due on collection and deducted on payment | 0 | 0.5 | OK |
| Research tax credit receivable equals the claims still open, every month | FY2025, FY2026 and FY2027 claims | 0 | 0.5 | OK |
| FY2026 and FY2027 credits equal 30% x (eligible personnel + 40%) | CIR arithmetic | 0 | 0.5 | OK |
| Local business taxes accrued at December equal the CVAE of the year less its instalments | CFE and CVAE calendar | 0 | 0.5 | OK |
| Tax losses at Dec-27 = opening + losses of FY2026 and FY2027 - losses used | Losses roll, CIR excluded from taxable income | 0 | 0.5 | OK |
| Corporate income tax charged only on taxable profit after losses (FY2026 and FY2027) | 25% after the EUR 1m plus 50% rule | 0 | 0.5 | OK |
| AR aging: Enterprise, France ties to the ledger | Item listing agrees with the balance at the last actual month | 0 | 0.5 | OK |
| AR aging: Enterprise, outside France ties to the ledger | Item listing agrees with the balance at the last actual month | 0 | 0.5 | OK |
| AP aging: Compute suppliers (USD) ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: Model API vendor C (EUR) ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: Card suppliers ties to the Payables schedule | 0 | 0.5 | OK | |
| AP aging: French suppliers ties to the Payables schedule | 0 | 0.5 | OK | |
| Card processor balance is nil to the euro, every month | Payouts equal charges less fees | 0 | 0.5 | OK |
| Forecast Enterprise receivables equal the collection rule every month | Receipts never collect an invoice twice when the days change | 0 | 0.5 | OK |
| USD payable at each month end equals the month invoices at the month rate | Exchange differences taken on settlement (IAS 21) | 0 | 0.5 | OK |
| 13-week cash forecast reconciles to the monthly balance sheet at 31-Dec-26 | Weekly phasing distributes exactly the monthly cash lines | 0 | 0.5 | OK |
| Scenario snapshots are current for the selected scenario | Live column equals the stored snapshot | 0 | 0.5 | OK |
| Budget vs actual revenue causes reconcile (YTD and FY) | Volume, price and account effects equal the revenue variance | 0 | 0.5 | OK |
| EBITDA walk from budget to actual reconciles | Variances explain the full EBITDA gap | 0 | 0.5 | OK |
| Enterprise receivables never negative | 105,000 | 0.5 | OK | |
| Trade payables never negative | 8,033.9 | 0.5 | OK | |
| Developer liability and every pack balance never negative | 210,641.7941 | 0.5 | OK | |
| Enterprise usage and commitments never negative (every account, every month) | 0 | 0.001 | OK | |
| Paid leave days outstanding never negative | 274.1133 | 0 | OK | |
| Headcount never negative | 0.9669 | 0 | OK | |
| Fixed assets and the CIR receivable never negative | 197,663.4993 | 0 | OK | |
| Timeline: months flagged actual equal the last actual month number | 0 | 0.5 | OK |
| item | note | value |
|---|---|---|
| Lowest month-end cash in the forecast (selected scenario) | Board buffer: Assumptions | 4,378,557.3416 |
| Headroom over the buffer at the lowest point | Negative = below the board buffer | 1,378,557.3416 |
| Lowest 13-week closing cash | 7,885,859.8173 | |
| Enterprise net revenue retention on usage at Dec-27 | Below 100% the installed base shrinks without new sales | 1.3053 |
| Largest account share of FY2026 revenue | Above 10% is a concentration risk | 0.0661 |
| Disputed Tervane invoice open at the last actual month (EUR) | Credit share and month are scenario drivers | 18,071.21 |
| Provider A 2026 commitment: expected shortfall (USD) | Provided under IAS 37; paid in January unless rolled into 2027 | 111,625.8218 |
| FY2027 revenue running on vendor B models | Single model vendor for voice and agents | 0.5619 |
| type | label | unit | value | note | base | downside | upside | selected | ytd actual reference |
|---|---|---|---|---|---|---|---|---|---|
| scalar | Company name | Serennix AI SAS (fictional demonstration company) | All figures fictional. French simplified joint-stock company (SAS) in Paris, founded 2014, financial year = calendar year, reporting currency EUR. Management accounts under IFRS; statutory accounts under French GAAP (PCG), differences not modelled. | ||||||
| scalar | Reporting currency | EUR | |||||||
| scalar | Model start month (month end) | date | 2026-01-31 | 24 monthly columns from this month | |||||
| scalar | Last actual month (month end) | date | 2026-08-31 | Months up to and including this date are actual (fictional ledger); later months are forecast | |||||
| scalar | Last actual month number | calc | 8 | ||||||
| scalar | Scenario selector (1 = Base, 2 = Downside, 3 = Upside) | input | 3 | Change this cell and every forecast month moves. Base = management case; Downside = worst case; Upside = best case. | |||||
| scalar | Scenario name | calc | Upside | ||||||
| scalar | Minimum cash buffer (board policy) | EUR | 3,000,000 | Board policy: six months of net burn; used by the 13-week cash forecast and the CFO report | |||||
| scalar | Undrawn overdraft facility available | EUR | 0 | No overdraft or credit facility; the company is funded by equity | |||||
| scalar | Aged receivables and payables: as-at date | calc | 2026-08-31 | ||||||
| scalar | VAT: standard rate | rate | 0.2 | impots.gouv.fr; CGI art. 278. Charged to customers in France only. | |||||
| scalar | Developer: share of billing to customers in France (20% VAT) | share | 0.35 | Billing system analysis (fictional) | |||||
| scalar | Developer: share of billing to customers in other EU states (reverse charge) | share | 0.4 | ||||||
| scalar | Developer: share of billing to customers in outside the EU (outside the scope) | share | 0.25 | ||||||
| scalar | Team: share of billing to customers in France (20% VAT) | share | 0.45 | Billing system analysis (fictional) | |||||
| scalar | Team: share of billing to customers in other EU states (reverse charge) | share | 0.35 | ||||||
| scalar | Team: share of billing to customers in outside the EU (outside the scope) | share | 0.2 | ||||||
| scalar | Monthly VAT return (CA3) paid on day | day | 19 | impots.gouv.fr: between the 15th and the 24th of the following month, on the date shown in the company professional space (company date: the 19th) | |||||
| scalar | Corporate income tax (IS): standard rate | rate | 0.25 | CGI art. 219; the 15% SME rate needs 75% of the capital held by individuals: not met (venture funds hold the majority) | |||||
| scalar | Tax losses carried forward at 31-Dec-25 | EUR | 15,492,000 | FY2025 tax return (fictional); larger than the accounting losses because the research tax credit is not taxable | |||||
| scalar | Tax losses: amount always usable per year | EUR | 1,000,000 | CGI art. 209-I; BOFiP: EUR 1m plus 50% of the profit above EUR 1m; no time limit | |||||
| scalar | Tax losses: share of the profit above EUR 1m usable | share | 0.5 | ||||||
| scalar | Research tax credit (CIR): rate on eligible spend | rate | 0.3 | CGI art. 244 quater B: 30% up to EUR 100m of eligible spend | |||||
| scalar | CIR: operating costs, flat rate on eligible personnel costs | rate | 0.4 | BOFiP ACTU-2025-00105 (loi de finances pour 2025, art. 55): 40% instead of 43% for expenses from 15 February 2025; patent costs and technology watch removed | |||||
| scalar | CIR for FY2025 (claimed with the FY2025 return, form 2069-A) | EUR | 935,770 | Refunded in July 2026 (bank) | |||||
| scalar | CFE 2026 (business property tax, Paris office) | EUR | 12,900 | impots.gouv.fr: due 15 December; an instalment of 50% of the prior year by 15 June when the prior year was at least EUR 3,000 | |||||
| scalar | CVAE 2026 (value added contribution) | EUR | 3,900 | impots.gouv.fr: instalments on 15 June and 15 September when the prior year exceeded EUR 1,500; balance with the 1329-DEF in May. Rates frozen at the 2024 level for 2026 and 2027, abolition in 2030 (loi de finances pour 2026, LégiFiscal) | |||||
| scalar | CVAE instalment 2026 (each, June and September) | EUR | 1,850 | 50% of the CVAE on the 2025 value added | |||||
| scalar | CFE 2027 (company estimate) | EUR | 13,300 | ||||||
| scalar | CVAE 2027 (company estimate) | EUR | 4,300 | ||||||
| scalar | Health insurance (maladie), employer | rate | 0.13 | LégiSocial 2026 URSSAF table; the 7% reduced rate is abolished from 1-Jan-26 (service-public.gouv.fr F24542) | |||||
| scalar | Old age capped (up to the ceiling), employer | rate | 0.0855 | ||||||
| scalar | Old age uncapped, employer | rate | 0.0211 | ||||||
| scalar | Family allowances, employer | rate | 0.0525 | 5.25%; the 3.45% reduced rate is abolished from 1-Jan-26 and folded into the RGDU (economie.gouv.fr) | |||||
| scalar | Work accident (AT/MP), employer | rate | 0.008 | Assumption: 0.80% for office activities; information needed: the notified rate | |||||
| scalar | Autonomy solidarity (CSA), employer | rate | 0.003 | ||||||
| scalar | Housing fund (FNAL), 50 staff or more, employer | rate | 0.005 | ||||||
| scalar | Social dialogue contribution, employer | rate | 0.0002 | ||||||
| scalar | Unemployment insurance (up to 4 ceilings), employer | rate | 0.04 | ||||||
| scalar | Wage guarantee (AGS, up to 4 ceilings), employer | rate | 0.0025 | ||||||
| scalar | Transport levy (versement mobilité), Paris | rate | 0.032 | service-public.gouv.fr: 3.20% for Paris since 1 February 2024 (employers with 11 staff or more) | |||||
| scalar | Training and apprenticeship (CUFPA), 11 staff or more | rate | 0.0168 | 1.00% training plus 0.68% apprenticeship tax | |||||
| scalar | Agirc-Arrco pension, band 1, employer | rate | 0.0472 | LégiSocial, Agirc-Arrco 2026: 4.72% and 3.15%; CEG 1.29% and 0.86% | |||||
| scalar | Agirc-Arrco CEG, band 1, employer | rate | 0.0129 | ||||||
| scalar | Agirc-Arrco pension, band 2, employer | rate | 0.1295 | 12.95% and 8.64%; CEG 1.62% and 1.08% | |||||
| scalar | Agirc-Arrco CEG, band 2, employer | rate | 0.0162 | ||||||
| scalar | Agirc-Arrco CET (pay above the ceiling), employer | rate | 0.0021 | 0.21% and 0.14% on the whole pay up to 8 ceilings | |||||
| scalar | APEC (managers, up to 4 ceilings), employer | rate | 0.0004 | 0.036% and 0.024% | |||||
| scalar | Old age capped, employee | rate | 0.069 | ||||||
| scalar | Old age uncapped, employee | rate | 0.004 | ||||||
| scalar | Agirc-Arrco band 1, employee | rate | 0.0315 | ||||||
| scalar | Agirc-Arrco CEG band 1, employee | rate | 0.0086 | ||||||
| scalar | Agirc-Arrco band 2, employee | rate | 0.0864 | ||||||
| scalar | Agirc-Arrco CEG band 2, employee | rate | 0.0108 | ||||||
| scalar | Agirc-Arrco CET, employee | rate | 0.0014 | ||||||
| scalar | APEC, employee | rate | 0.0002 | ||||||
| scalar | CSG and CRDS, employee (on 98.25% of pay) | rate | 0.097 | 6.80% deductible, 2.40% and 0.50% not deductible | |||||
| scalar | CSG and CRDS base (share of gross pay) | rate | 0.9825 | ||||||
| scalar | CSG and CRDS not deductible (added to the income tax base) | rate | 0.029 | ||||||
| scalar | RGDU: minimum coefficient (Tmin) | coef | 0.02 | service-public.gouv.fr F24542: from 1-Jan-26 the general reduction is degressive up to 3 x SMIC; 50 staff or more: Tmin 0.0200, Tdelta 0.3821, exponent 1.75, maximum 0.4021 | |||||
| scalar | RGDU: Tdelta | coef | 0.3821 | ||||||
| scalar | RGDU: exponent | power | 1.75 | ||||||
| scalar | Monthly social security ceiling (PMSS) 2026 | EUR | 4,005 | Arrêté du 22 décembre 2025 (Légifrance): EUR 4,005 | |||||
| scalar | Monthly social security ceiling 2027 | EUR | 4,085 | Assumption: +2.0% until the 2027 arrete is published | |||||
| scalar | SMIC (monthly, 35 hours) from 1-Jan-26 | EUR | 1,823.03 | info.gouv.fr: EUR 1,823.03 from 1 January 2026, EUR 1,867.02 from 1 June 2026 (automatic revaluation) | |||||
| scalar | SMIC (monthly) from 1-Jun-26 | EUR | 1,867.02 | ||||||
| scalar | SMIC (monthly) from 1-Jan-27 | EUR | 1,900.63 | Assumption: +1.8% on 1 January 2027 | |||||
| scalar | Health, protection and transport schemes: employer cost per head a month | EUR | 110 | Company plans (fictional), including the statutory 50% of public transport passes | |||||
| scalar | Paid leave: working days a year | days | 25 | Code du travail L3141-3: 2.5 working days (ouvrables) a month, modelled as 25 working days (ouvres) a year; provision valued at gross pay plus employer contributions | |||||
| scalar | Working days a month (to value a day of leave) | days | 21.67 | ||||||
| scalar | Band | Code | Department | Annual salary FY2026 | |||||
| scalar | Machine learning research scientists | RES | RND | 98,000 | |||||
| scalar | Machine learning engineers | MLE | RND | 78,000 | |||||
| scalar | Software engineers | ENG | RND | 70,000 | |||||
| scalar | CTO and engineering leads | LEAD | RND | 125,000 | |||||
| scalar | Product managers and designers | PRD | RND | 72,000 | |||||
| scalar | Solutions engineers and support | SOL | COR | 52,000 | |||||
| scalar | Customer success managers | CSM | COR | 56,000 | |||||
| scalar | Head of sales | SALH | SM | 130,000 | |||||
| scalar | Account executives (base salary) | AE | SM | 76,000 | |||||
| scalar | Sales development representatives | SDR | SM | 40,000 | |||||
| scalar | Marketing | MKT | SM | 58,000 | |||||
| scalar | Founders and executives (CEO, COO) | EXE | GA | 140,000 | |||||
| scalar | Finance, people and office | GA | GA | 50,000 | |||||
| scalar | Attrition a year, base: research and development | rate | 0.1 | Company history and the Paris market for the role (company assumption) | |||||
| scalar | Attrition a year, base: solutions, support and customer success | rate | 0.15 | ||||||
| scalar | Attrition a year, base: sales and marketing | rate | 0.2 | ||||||
| scalar | Attrition a year, base: general and administrative | rate | 0.08 | ||||||
| scalar | Equipment per new hire | EUR | 2,400 | ||||||
| scalar | IT replacement cycle, capex per month | EUR | 2,500 | ||||||
| scalar | Recruitment cost per hire (agency and job boards) | EUR | 7,500 | ||||||
| scalar | Software and IT tools per person per month | EUR | 240 | ||||||
| scalar | Sales commission on each annual commitment signed (new and renewal) | rate | 0.06 | Commission plan FY2026 (fictional), paid with the next payroll. Expensed: IFRS 15.94 practical expedient (amortisation period one year or less; renewal commissions equal new ones) | |||||
| scalar | List price per 1,000 pages: Document AI (FY2025) | EUR | 12 | Price list 2025 (fictional) | |||||
| scalar | List price per 1,000 audio minutes: Voice AI (FY2025) | EUR | 9 | ||||||
| scalar | List price per 1,000 agent actions: Agent workspace (FY2025) | EUR | 20 | ||||||
| scalar | List price per 1,000 pages: Document AI (from 1-Jan-26) | EUR | 11.04 | Price list 2026 (fictional): 8% below 2025 on every product | |||||
| scalar | List price per 1,000 audio minutes: Voice AI (from 1-Jan-26) | EUR | 8.28 | ||||||
| scalar | List price per 1,000 agent actions: Agent workspace (from 1-Jan-26) | EUR | 18.4 | ||||||
| scalar | Developer credits: expected breakage (share of credits never used) | share | 0.12 | History: the 2024 packs expired with 12.2% unused. Recognised in proportion to the credits used (IFRS 15.B46); the difference to actual expiry is trued up when each pack expires after 12 months | |||||
| scalar | Developer credits: share of a pack used by month of age | Age 0 | Age 1 | Age 2 | |||||
| scalar | Share of the pack used in the month (ages 0 to 6) | 0.21 | 0.17 | 0.12 | |||||
| scalar | Share of the pack used in the month (ages 7 to 11; unused credits expire at 12 months) | 0.035 | 0.028 | 0.022 | |||||
| scalar | Share of a pack used before expiry (1 - breakage) | calc | 0.88 | ||||||
| scalar | Developer credits used on Document AI | share | 0.5 | Metering system, FY2026 year to date | |||||
| scalar | Developer credits used on Voice AI | share | 0.3 | ||||||
| scalar | Developer credits used on Agent workspace | share | 0.2 | ||||||
| scalar | Developer credit purchases: run-rate before seasonality at Aug-26 | EUR | 101,109 | FY2026 purchases grew 3.4% a month on average; forecast growth is a scenario driver | |||||
| scalar | Developer credits: average pack | EUR | 150 | ||||||
| scalar | Team: new customers a month before seasonality | customers | 14.9 | FY2026 year to date (14.5 a month on the seasonal pattern) | |||||
| scalar | Team: customers lost a month (share of opening) | rate | 0.024 | FY2026 year to date 2.4% (2025: 2.3%) | |||||
| scalar | Team: plan fee per customer, growth a month (upgrades) | rate | 0.002 | FY2026 year to date | |||||
| scalar | Team: share of the plan fee used as included usage (at list prices) | share | 0.85 | Unused allowance lapses each month; revenue is the plan fee | |||||
| scalar | Team usage on Document AI | share | 0.4 | ||||||
| scalar | Team usage on Voice AI | share | 0.25 | ||||||
| scalar | Team usage on Agent workspace | share | 0.35 | ||||||
| scalar | Enterprise: renewal probability of accounts won in 2026 and pipeline wins (first renewal) | probability | 0.92 | ||||||
| scalar | Enterprise: days from invoice to cash | days | 50 | FY2026 experience across 45 and 60-day terms (accounts pay in their month-end runs) | |||||
| scalar | Disputed invoice: Tervane Assurances May usage above the commitment (incl. VAT) | EUR | 18,071.21 | See AR_Aging; open since June | |||||
| scalar | Disputed invoice excluding VAT | EUR | 15,059.34 | ||||||
| scalar | Credit expected at Aug-26 (refund liability, IFRS 15.55) | share | 0.3 | Engineering estimate of the calls retried during the 28 April incident | |||||
| scalar | GPU hours per 1,000 pages at FY2025 efficiency: Document AI | hours | 0.18 | Metering system, FY2025 average | |||||
| scalar | GPU hours per 1,000 audio minutes at FY2025 efficiency: Voice AI | hours | 0.22 | ||||||
| scalar | GPU hours per 1,000 agent actions at FY2025 efficiency: Agent workspace | hours | 0.02 | ||||||
| scalar | Model tokens per 1,000 pages (millions): Document AI | m tokens | 0.25 | Document AI runs on vendor C models; voice and agents on vendor B models | |||||
| scalar | Model tokens per 1,000 audio minutes (millions): Voice AI | m tokens | 1.2 | ||||||
| scalar | Model tokens per 1,000 agent actions (millions): Agent workspace | m tokens | 3 | ||||||
| scalar | Model API vendor B: price per million tokens to Sep-26 | USD | 2 | Vendor B price list; its announced price for Q4 is a scenario driver | |||||
| scalar | Model API vendor C: price per million tokens | EUR | 1.6 | EU vendor, reverse charge | |||||
| scalar | Hosting, storage and network: fixed a month | USD | 18,000 | Provider A invoices (fictional) | |||||
| scalar | Hosting, storage and network per 1,000 pages: Document AI | USD | 0.35 | ||||||
| scalar | Hosting, storage and network per 1,000 audio minutes: Voice AI | USD | 0.25 | ||||||
| scalar | Hosting, storage and network per 1,000 agent actions: Agent workspace | USD | 0.1 | ||||||
| scalar | Reserved GPU: price per GPU hour | USD | 1.95 | One-year reservation with Provider A, billed monthly for every hour | |||||
| scalar | On-demand GPU: price per GPU hour | USD | 3.4 | Provider A list price, used when inference exceeds the usable reserved capacity | |||||
| scalar | Usable share of reserved GPU hours for inference (headroom for peaks) | share | 0.85 | ||||||
| scalar | Reserved GPUs 2026 | GPUs | 16 | 12 in 2025 | |||||
| scalar | Research: GPU hours a month wanted for training and experiments | hours | 2,000 | Scheduled in reserved capacity that inference does not need; charged to research and development | |||||
| scalar | Provider A spend commitment 2025 | USD | 520,000 | Met: spend USD 533.7k (History) | |||||
| scalar | Provider A spend commitment 2026 (calendar year; reserved GPUs, on-demand GPUs and hosting count) | USD | 780,000 | Signed Nov-25 (fictional). A shortfall is invoiced in December and paid in January | |||||
| scalar | Paid media and content a month | EUR | 38,000 | x1.15 in March and October, x0.8 in August | |||||
| scalar | Events and conferences a month | EUR | 14,000 | x2.5 in June (Paris AI trade show) | |||||
| scalar | Office rent a month (Paris; paid quarterly in advance) | EUR | 34,000 | Commercial lease (bail commercial) to Dec-30 (fictional) | |||||
| scalar | Legal, statutory audit and accounting a month | EUR | 16,000 | Statutory auditor fee billed in March (x2.2) | |||||
| scalar | Insurance a month (no VAT) | EUR | 4,500 | Direct debit | |||||
| scalar | Travel a month (VAT not recovered) | EUR | 11,000 | Passenger transport and staff accommodation are excluded from VAT deduction | |||||
| scalar | Recruitment: fixed a month (job boards) | EUR | 1,000 | ||||||
| scalar | Overhead inflation applied from FY2027 | rate | 0.025 | ||||||
| scalar | Interest earned on cash (term deposits) | rate | 0.018 | Treasury placements (fictional); paid monthly | |||||
| scalar | Card processing: rate on charges incl. VAT | rate | 0.019 | Company analysis of the payment processor statements (card mix) | |||||
| scalar | Card processing: fee per charge | EUR | 0.25 | ||||||
| scalar | Driver | Unit | Base | Downside | |||||
| scenario_driver | Developer credit purchases: growth a month | rate | FY2026 year to date 3.4% a month | 0.03 | 0.01 | 0.04 | 0.04 | ||
| scenario_driver | Team: new customers (x run-rate) | x | 1 | 0.7 | 1.15 | 1.15 | 0.9732 | ||
| scenario_driver | Team: customers lost (x YTD rate) | x | 1 | 1.3 | 0.85 | 0.85 | |||
| scenario_driver | Team: usage above the allowance (share of plan fees) | share | 0.23 | 0.19 | 0.25 | 0.25 | 0.2287 | ||
| scenario_driver | Enterprise: usage growth (x account rates on the Account_Register) | x | Renewal and win probabilities by account and scenario sit on the Account_Register | 1 | 0.5 | 1.25 | 1.25 | ||
| scenario_driver | Enterprise: commitment uplift at renewal | rate | New commitment = higher of prior x (1 + uplift) and 95% of the usage in the year ending | 0.08 | 0 | 0.12 | 0.12 | ||
| scenario_driver | Enterprise pipeline: start delay | months | 0 | 2 | 0 | 0 | |||
| scenario_driver | List price cut on 1 January 2027 (customers keep their budget: units rise) | share | Assumption: customers spend the same budget, so a cut buys more units and raises the cost to serve | 0.1 | 0.2 | 0.05 | 0.05 | ||
| scenario_driver | Model API vendor B: price per million tokens from Oct-26 | USD | Vendor B announced a Q4 price change; the level is uncertain | 1.5 | 1.8 | 1.4 | 1.4 | ||
| scenario_driver | GPU hours per unit: reduction a quarter from Q4-26 | rate | FY2026 actual pace 2% a quarter (model optimisation and batching) | 0.03 | 0.01 | 0.04 | 0.04 | ||
| scenario_driver | Reserved GPUs 2027 | GPUs | Decision needed by November for the 2027 reservation; 16 in 2026 | 20 | 18 | 22 | 22 | ||
| scenario_driver | Provider A spend commitment 2027 | USD | Sized with the 2027 reservation; any shortfall is invoiced in December 2027 | 800,000 | 700,000 | 850,000 | 850,000 | ||
| scenario_driver | USD per EUR, forecast | rate | Base: ECB reference rate of 22-Sep-26 | 1.1463 | 1.08 | 1.18 | 1.18 | 1.1628 | |
| scenario_driver | CIR for FY2026: month refunded | month | Claim filed with the FY2026 return in May 2027; the 2025 claim took two months | 2027-09-30 | 2027-12-31 | 2027-08-31 | 2027-08-31 | ||
| scenario_driver | Pay review January 2027 | rate | Company assumption; information needed: the approved 2027 pay review | 0.03 | 0.02 | 0.035 | 0.035 | ||
| scenario_driver | Planned hires made (share of the hiring plan on People) | share | Downside response: half the plan, the rest frozen | 1 | 0.5 | 1 | 1 | ||
| scenario_driver | Leavers replaced (share) | share | 1 | 0.5 | 1 | 1 | |||
| scenario_driver | Attrition (x base rates) | x | Fewer people leave in a weak market | 1 | 0.7 | 1 | 1 | ||
| scenario_driver | Marketing programmes FY2027 (x FY2026 run-rate) | x | 1 | 0.8 | 1.1 | 1.1 | |||
| scenario_driver | Enterprise: extra days to collect | days | 0 | 15 | 0 | 0 | 56.5562 | ||
| scenario_driver | Disputed Tervane invoice: share credited | share | The rest is collected in the same month | 0.3 | 0.6 | 0.1 | 0.1 | ||
| scenario_driver | Disputed Tervane invoice: month settled | month | 2026-10-31 | 2026-12-31 | 2026-10-31 | 2026-10-31 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit packs purchased (ex VAT) | DEVELOPER CREDITS (billing and credit ledger) | billing system | 77,172.26 | 90,498.36 | 92,890.7 | 85,657.9 | 88,939.25 | 89,823.78 | 93,824.48 | 87,250.27 | 706,057 | |||||||||||||||||
| Credits used from packs bought in Jan-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 0 | |||||||||||||||||||||||||
| Credits used from packs bought in Feb-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 935.6 | 935.6 | ||||||||||||||||||||||||
| Credits used from packs bought in Mar-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 1,122.51 | 1,060.15 | 2,182.66 | |||||||||||||||||||||||
| Credits used from packs bought in Apr-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 1,435.74 | 1,174.7 | 1,109.44 | 3,719.88 | ||||||||||||||||||||||
| Credits used from packs bought in May-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,020.28 | 1,587.36 | 1,298.75 | 1,226.6 | 6,132.99 | |||||||||||||||||||||
| Credits used from packs bought in Jun-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,363.94 | 1,891.15 | 1,485.9 | 1,215.74 | 1,148.2 | 8,104.93 | ||||||||||||||||||||
| Credits used from packs bought in Jul-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 2,886.6 | 2,245.13 | 1,796.11 | 1,411.23 | 1,154.64 | 1,090.49 | 10,584.2 | |||||||||||||||||||
| Credits used from packs bought in Aug-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 3,455.76 | 2,827.44 | 2,199.12 | 1,759.29 | 1,382.3 | 1,130.97 | 1,068.14 | 13,823.02 | ||||||||||||||||||
| Credits used from packs bought in Sep-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 5,724.14 | 4,497.54 | 3,679.8 | 2,862.07 | 2,289.65 | 1,799.01 | 1,471.92 | 1,390.15 | 23,714.28 | |||||||||||||||||
| Credits used from packs bought in Oct-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 7,457.16 | 5,800.01 | 4,557.15 | 3,728.58 | 2,900.01 | 2,320.01 | 1,822.86 | 1,491.43 | 30,077.21 | |||||||||||||||||
| Credits used from packs bought in Nov-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 9,634.65 | 7,225.99 | 5,620.21 | 4,415.88 | 3,612.99 | 2,810.11 | 2,248.09 | 1,766.35 | 37,334.27 | |||||||||||||||||
| Credits used from packs bought in Dec-25 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 14,133.99 | 9,976.93 | 7,482.7 | 5,819.88 | 4,572.76 | 3,741.35 | 2,909.94 | 2,327.95 | 50,965.5 | |||||||||||||||||
| Credits used from packs bought in Jan-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 15,601.13 | 12,629.48 | 8,914.93 | 6,686.2 | 5,200.38 | 4,086.01 | 3,343.1 | 2,600.19 | 59,061.42 | |||||||||||||||||
| Credits used from packs bought in Feb-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,193.51 | 15,537.6 | 10,967.72 | 8,225.79 | 6,397.84 | 5,026.87 | 4,112.89 | 69,462.22 | ||||||||||||||||||
| Credits used from packs bought in Mar-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,331.38 | 15,649.21 | 11,046.5 | 8,284.88 | 6,443.79 | 5,062.98 | 65,818.74 | |||||||||||||||||||
| Credits used from packs bought in Apr-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 18,059.84 | 14,619.87 | 10,319.91 | 7,739.93 | 6,019.95 | 56,759.5 | ||||||||||||||||||||
| Credits used from packs bought in May-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 17,541.01 | 14,199.86 | 10,023.43 | 7,517.57 | 49,281.87 | |||||||||||||||||||||
| Credits used from packs bought in Jun-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 20,171.22 | 16,329.08 | 11,526.41 | 48,026.71 | ||||||||||||||||||||||
| Credits used from packs bought in Jul-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 19,672.54 | 15,925.39 | 35,597.93 | |||||||||||||||||||||||
| Credits used from packs bought in Aug-26 | DEVELOPER CREDITS (billing and credit ledger) | credit ledger | 18,490.68 | 18,490.68 | ||||||||||||||||||||||||
| Customers at month end | TEAM (billing system) | billing system | 343 | 349 | 365 | 369 | 379 | 384 | 381 | 380 | 0 | |||||||||||||||||
| New customers | TEAM (billing system) | billing system | 22 | 15 | 23 | 13 | 14 | 13 | 8 | 8 | 116 | |||||||||||||||||
| Customers lost | TEAM (billing system) | billing system | 13 | 9 | 7 | 9 | 4 | 8 | 11 | 9 | 70 | |||||||||||||||||
| Plan fees | TEAM (billing system) | billing system | 147,822.39 | 151,285.63 | 158,437.14 | 160,611.64 | 164,477.79 | 167,613.02 | 166,964.24 | 166,016.24 | 1,283,228.09 | |||||||||||||||||
| Usage above the allowance | TEAM (billing system) | billing system | 33,802.2 | 32,583.96 | 32,561.07 | 33,100.75 | 37,038.12 | 40,825.68 | 41,131.2 | 42,471.4 | 293,514.38 | |||||||||||||||||
| E01 Tervane Assurances: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 29,800.75 | 29,817.31 | 29,483.15 | 32,358.22 | 33,059.57 | 35,682.11 | 40,948.17 | 40,247.35 | 271,396.63 | |||||||||||||||||
| E02 Draxholm Logistik: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 15,637.85 | 15,657.55 | 17,732.24 | 16,912.76 | 16,561.97 | 19,319.15 | 18,345.87 | 18,115.84 | 138,283.23 | |||||||||||||||||
| E03 Lunedo Banca: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 26,851.15 | 27,589.77 | 28,650.36 | 30,600.37 | 31,839.71 | 30,398.67 | 34,924.96 | 34,339 | 245,193.99 | |||||||||||||||||
| E04 Kellbrook Utilities: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 13,618.17 | 15,121.65 | 15,187.01 | 14,753.92 | 15,217.42 | 15,745.31 | 16,254.09 | 14,639.43 | 120,537 | |||||||||||||||||
| E05 Ambrelle Sante: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 15,535.94 | 15,857.13 | 15,384.78 | 14,057.72 | 14,889.29 | 14,835.98 | 15,921.18 | 16,481.85 | 122,963.87 | |||||||||||||||||
| E06 Veskari Telecom: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 16,513.61 | 16,351.25 | 14,443.59 | 14,071.5 | 14,501.88 | 14,641.08 | 16,459.22 | 17,035.62 | 124,017.75 | |||||||||||||||||
| E07 Oisterra Energia: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,504.81 | 15,192.8 | 14,910.78 | 15,331.01 | 16,157.51 | 15,547.9 | 15,097.56 | 14,357.32 | 121,099.69 | |||||||||||||||||
| E08 Pravenza Retail: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,735.88 | 15,633.53 | 0 | 0 | 0 | 0 | 0 | 0 | 30,369.41 | |||||||||||||||||
| E09 Solberre Mutuelle: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,445.85 | 14,800.59 | 13,540.41 | 14,387.44 | 14,099.83 | 14,001.45 | 15,214.24 | 13,202.94 | 113,692.75 | |||||||||||||||||
| E10 Ivarone Insurance: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 14,886.68 | 15,829.89 | 17,869.82 | 17,854.46 | 16,031.1 | 15,942.51 | 17,063.09 | 18,109.19 | 133,586.74 | |||||||||||||||||
| E11 Mercadel Foods: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,165.25 | 8,260.2 | 8,111.51 | 8,549.4 | 9,199.87 | 9,997.67 | 10,470.53 | 11,996.73 | 74,751.16 | |||||||||||||||||
| E12 Halvesta Travel: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,967.86 | 10,109.78 | 11,122.33 | 11,577.51 | 10,637.55 | 12,321.64 | 11,833.15 | 11,573.31 | 88,143.13 | |||||||||||||||||
| E13 Varnholm Freight: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 8,782.1 | 8,834.01 | 10,290.06 | 9,774.21 | 9,471.24 | 9,971.1 | 10,424.99 | 10,432.39 | 77,980.1 | |||||||||||||||||
| E14 Brevalle Logistique: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 0 | 0 | 0 | 11,000 | 11,796.33 | 12,698.99 | 11,413.89 | 12,511.62 | 59,420.83 | |||||||||||||||||
| E15 Maltessa Telecom: usage at contracted prices | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | metering system | 0 | 0 | 0 | 0 | 0 | 0 | 14,000 | 15,807.63 | 29,807.63 | |||||||||||||||||
| E01: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 350,000 | 350,000 | 350,000 | 350,000 | 350,000 | 380,000 | 380,000 | 380,000 | 0 | |||||||||||||||||
| E02: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 280,000 | 0 | |||||||||||||||||
| E03: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 300,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 320,000 | 0 | |||||||||||||||||
| E04: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 190,000 | 190,000 | 190,000 | 210,000 | 210,000 | 210,000 | 210,000 | 210,000 | 0 | |||||||||||||||||
| E05: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 260,000 | 260,000 | 0 | |||||||||||||||||
| E06: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 220,000 | 0 | |||||||||||||||||
| E07: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 0 | |||||||||||||||||
| E08: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 160,000 | 160,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| E09: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 180,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 190,000 | 0 | |||||||||||||||||
| E10: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 160,000 | 160,000 | 160,000 | 170,000 | 170,000 | 170,000 | 170,000 | 170,000 | 0 | |||||||||||||||||
| E11: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 130,000 | 130,000 | 130,000 | 0 | |||||||||||||||||
| E12: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 140,000 | 150,000 | 0 | |||||||||||||||||
| E13: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 0 | |||||||||||||||||
| E14: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 0 | 0 | 0 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 0 | |||||||||||||||||
| E15: annual commitment of the contract year | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | contracts | 0 | 0 | 0 | 0 | 0 | 0 | 300,000 | 300,000 | 0 | |||||||||||||||||
| Refund liability for expected credit notes (month end) | ENTERPRISE: USAGE AND ANNUAL COMMITMENT BY ACCOUNT (metering and contracts) | ledger | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,517.8 | 0 | |||||||||||||||||
| Developer: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,024.1 | 3,175.2 | 3,306.8 | 3,342.5 | 3,337.6 | 3,458 | 3,537.1 | 3,543.1 | 26,724.4 | |||||||||||||||||
| Developer: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 2,419.3 | 2,540.2 | 2,645.4 | 2,674 | 2,670.1 | 2,766.4 | 2,829.7 | 2,834.5 | 21,379.6 | |||||||||||||||||
| Developer: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 725.8 | 762.1 | 793.6 | 802.2 | 801 | 829.9 | 848.9 | 850.3 | 6,413.8 | |||||||||||||||||
| Team: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 5,777.2 | 5,839.7 | 6,059.2 | 6,145.7 | 6,407.4 | 6,641.2 | 6,632.3 | 6,651.6 | 50,154.3 | |||||||||||||||||
| Team: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 4,814.3 | 4,866.4 | 5,049.3 | 5,121.4 | 5,339.5 | 5,534.3 | 5,526.9 | 5,543 | 41,795.1 | |||||||||||||||||
| Team: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,033 | 3,065.9 | 3,181.1 | 3,226.5 | 3,363.9 | 3,486.6 | 3,481.9 | 3,492.1 | 26,331 | |||||||||||||||||
| Enterprise: units used, Document AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 11,589.7 | 11,899.1 | 11,599.8 | 12,705.5 | 12,837 | 13,328.9 | 14,412.8 | 14,381.4 | 102,754.2 | |||||||||||||||||
| Enterprise: units used, Voice AI (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 11,404.9 | 11,811.6 | 11,307.7 | 11,687 | 11,836.6 | 12,143.2 | 14,444.4 | 14,432.9 | 99,068.3 | |||||||||||||||||
| Enterprise: units used, Agent workspace (thousands) | USAGE AND COMPUTE (metering system and supplier invoices) | metering system | 3,907 | 4,049.6 | 3,534.8 | 3,845.5 | 3,884.9 | 4,048.9 | 4,571.1 | 4,624.8 | 32,466.6 | |||||||||||||||||
| GPU hours used for inference | USAGE AND COMPUTE (metering system and supplier invoices) | GPU scheduler | 7,765.7 | 7,987.1 | 7,942.4 | 8,104.3 | 8,251.7 | 8,530.3 | 9,053.4 | 9,055.5 | 66,690.4 | |||||||||||||||||
| GPU hours used for research | USAGE AND COMPUTE (metering system and supplier invoices) | GPU scheduler | 2,000 | 1,152.1 | 2,000 | 1,687.7 | 1,866.7 | 1,261.7 | 1,065 | 1,062.9 | 12,096.1 | |||||||||||||||||
| On-demand GPU hours | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Provider A: reserved GPUs (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 23,212.8 | 20,966.4 | 23,212.8 | 22,464 | 23,212.8 | 22,464 | 23,212.8 | 23,212.8 | 181,958.4 | |||||||||||||||||
| Provider A: on-demand GPUs (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Provider A: hosting, storage and network (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | Provider A invoice | 32,001.99 | 31,169.81 | 29,925.08 | 30,371.93 | 30,331.75 | 33,315.01 | 34,707.42 | 34,955.11 | 256,778.1 | |||||||||||||||||
| Model tokens, vendor B (millions) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor B usage report | 45,363.6 | 46,694.3 | 45,331.2 | 47,001.3 | 47,964.9 | 49,628.9 | 54,067.2 | 54,274.2 | 390,325.6 | |||||||||||||||||
| Model API vendor B (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor B invoice | 90,587.32 | 93,347.54 | 92,058.43 | 91,600.75 | 99,739.14 | 97,887.62 | 106,990.41 | 108,660.49 | 780,871.7 | |||||||||||||||||
| Model tokens, vendor C (millions) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor C usage report | 5,097.8 | 5,228.5 | 5,241.4 | 5,548.4 | 5,645.5 | 5,857 | 6,145.5 | 6,144 | 44,908.1 | |||||||||||||||||
| Model API vendor C (EUR) | USAGE AND COMPUTE (metering system and supplier invoices) | vendor C invoice | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 9,871.04 | 71,431.42 | |||||||||||||||||
| Provider A 2026 commitment: expected shortfall at month end (USD) | USAGE AND COMPUTE (metering system and supplier invoices) | CFO estimate | 0 | 0 | 0 | 0 | 0 | 55,000 | 80,000 | 113,500 | 0 | |||||||||||||||||
| Research and development: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 271,356.79 | 279,644.1 | 284,994.22 | 293,129.64 | 286,465.73 | 292,350.55 | 292,577.46 | 286,745.35 | 2,287,263.84 | |||||||||||||||||
| Research and development: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 98,305.61 | 101,080.11 | 103,127.91 | 105,634.79 | 103,675.59 | 105,575.49 | 105,687.75 | 103,217.21 | 826,304.46 | |||||||||||||||||
| Research and development: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||
| Research and development: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 26,523.58 | 27,503.35 | 27,822.05 | 28,599.6 | 27,957.74 | 28,480.84 | 28,574.6 | 27,930.34 | 223,392.1 | |||||||||||||||||
| Research and development: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,400 | 4,510 | 4,620 | 4,730 | 4,620 | 4,730 | 4,730 | 4,620 | 36,960 | |||||||||||||||||
| Research and development: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 38,039.25 | 39,126.57 | 39,982.18 | 40,903.99 | 40,048.38 | 40,903.99 | 40,903.99 | 39,982.18 | 319,890.53 | |||||||||||||||||
| Research and development: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 17,712.35 | 18,290.86 | 18,638.74 | 19,052.51 | 18,704.63 | 19,052.51 | 19,052.51 | 18,638.74 | 149,142.85 | |||||||||||||||||
| Research and development: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 28,420.42 | 29,363.11 | 29,890.68 | 30,532.63 | 30,005.07 | 30,532.63 | 30,532.63 | 29,890.68 | 239,167.85 | |||||||||||||||||
| Research and development: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 187,184.77 | 192,863.56 | 196,482.62 | 202,640.51 | 197,707.65 | 201,861.42 | 202,088.33 | 198,233.75 | 1,579,062.61 | |||||||||||||||||
| Solutions, support and customer success: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 44,731.88 | 44,644.94 | 48,929.27 | 49,028.66 | 53,697.65 | 53,568.65 | 53,627.56 | 53,606.43 | 401,835.04 | |||||||||||||||||
| Solutions, support and customer success: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 16,001.64 | 16,049.25 | 17,545.79 | 17,665.12 | 19,286.37 | 19,168.16 | 19,180.91 | 19,215.38 | 144,112.62 | |||||||||||||||||
| Solutions, support and customer success: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,274.26 | 1,274.26 | 1,408.19 | 1,408.19 | 1,525.87 | 1,633.2 | 1,633.2 | 1,633.2 | 11,790.37 | |||||||||||||||||
| Solutions, support and customer success: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 3,190.8 | 3,194.07 | 3,487.66 | 3,490.78 | 3,834.33 | 3,836.43 | 3,828.49 | 3,834.7 | 28,697.26 | |||||||||||||||||
| Solutions, support and customer success: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,100 | 1,100 | 1,210 | 1,210 | 1,320 | 1,320 | 1,320 | 1,320 | 9,900 | |||||||||||||||||
| Solutions, support and customer success: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 7,198.96 | 7,198.96 | 7,905.62 | 7,905.62 | 8,645.37 | 8,645.37 | 8,645.37 | 8,645.37 | 64,790.64 | |||||||||||||||||
| Solutions, support and customer success: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 2,128 | 2,128 | 2,327.62 | 2,327.62 | 2,560.19 | 2,560.19 | 2,560.19 | 2,560.19 | 19,152 | |||||||||||||||||
| Solutions, support and customer success: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 3,082.08 | 3,082.08 | 3,366.12 | 3,366.12 | 3,710.58 | 3,710.58 | 3,710.58 | 3,710.58 | 27,738.72 | |||||||||||||||||
| Solutions, support and customer success: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 32,322.84 | 32,235.9 | 35,329.91 | 35,429.3 | 38,781.51 | 38,652.51 | 38,711.42 | 38,690.29 | 290,153.68 | |||||||||||||||||
| Sales and marketing: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 75,446.95 | 81,502.72 | 81,398.84 | 86,372.25 | 86,271.42 | 86,334.25 | 82,709.59 | 82,918.92 | 662,954.94 | |||||||||||||||||
| Sales and marketing: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 26,631.89 | 28,865.77 | 28,843.65 | 30,672.06 | 30,602.95 | 30,487.31 | 29,428.75 | 29,363.32 | 234,895.7 | |||||||||||||||||
| Sales and marketing: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,411.44 | 1,411.44 | 1,411.44 | 1,523.88 | 1,523.88 | 1,631.61 | 1,371.97 | 1,371.97 | 11,657.63 | |||||||||||||||||
| Sales and marketing: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,538.52 | 7,124.55 | 7,120.81 | 7,495.61 | 7,494.91 | 7,525.81 | 7,298.54 | 7,283.75 | 57,882.5 | |||||||||||||||||
| Sales and marketing: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 1,540 | 1,650 | 1,650 | 1,760 | 1,760 | 1,760 | 1,650 | 1,650 | 13,420 | |||||||||||||||||
| Sales and marketing: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 11,147.69 | 12,052.95 | 12,052.95 | 12,809.26 | 12,809.26 | 12,809.26 | 12,248.25 | 12,248.25 | 98,177.87 | |||||||||||||||||
| Sales and marketing: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,359.42 | 4,756.72 | 4,756.72 | 5,005.76 | 5,005.76 | 5,005.76 | 4,872.09 | 4,872.09 | 38,634.32 | |||||||||||||||||
| Sales and marketing: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,821.06 | 7,446.41 | 7,446.41 | 7,803.32 | 7,803.32 | 7,803.32 | 7,639.3 | 7,639.3 | 60,402.44 | |||||||||||||||||
| Sales and marketing: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 53,118.78 | 57,246.64 | 57,142.76 | 60,753.91 | 60,653.08 | 60,715.91 | 57,949.95 | 58,159.28 | 465,740.31 | |||||||||||||||||
| General and administrative: gross salaries | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 44,038.84 | 44,160.07 | 48,481.69 | 48,284.21 | 48,232.1 | 48,300.51 | 48,343.52 | 48,411.5 | 378,252.44 | |||||||||||||||||
| General and administrative: employer URSSAF contributions, net of the RGDU | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 15,411.81 | 15,436.28 | 16,921.53 | 16,868.15 | 16,906.94 | 16,873.59 | 16,802.42 | 16,818.28 | 132,039 | |||||||||||||||||
| General and administrative: RGDU reduction (memo, inside the line above) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 725.92 | 725.92 | 871.11 | 871.11 | 871.11 | 939.39 | 939.39 | 939.39 | 6,883.34 | |||||||||||||||||
| General and administrative: employer Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 4,145.81 | 4,147.51 | 4,421.57 | 4,418.95 | 4,423.95 | 4,425.14 | 4,425.64 | 4,433.12 | 34,841.69 | |||||||||||||||||
| General and administrative: health, protection and transport schemes | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 770 | 770 | 880 | 880 | 880 | 880 | 880 | 880 | 6,820 | |||||||||||||||||
| General and administrative: employee URSSAF contributions, CSG and CRDS | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 6,320.28 | 6,320.28 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 7,010.38 | 54,702.84 | |||||||||||||||||
| General and administrative: employee Agirc-Arrco | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 2,764.63 | 2,764.63 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 2,947.78 | 23,215.94 | |||||||||||||||||
| General and administrative: income tax withheld at source (PAS) | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 5,220.76 | 5,220.76 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 5,493.73 | 43,403.9 | |||||||||||||||||
| General and administrative: net salaries paid | PAYROLL BY DEPARTMENT (payroll journal) | payroll journal | 29,733.17 | 29,854.4 | 33,029.8 | 32,832.32 | 32,780.21 | 32,848.62 | 32,891.63 | 32,959.61 | 256,929.76 | |||||||||||||||||
| Machine learning research scientists: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 0 | |||||||||||||||||
| Machine learning engineers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 11 | 0 | |||||||||||||||||
| Software engineers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 13 | 13 | 14 | 14 | 13 | 14 | 14 | 14 | 0 | |||||||||||||||||
| CTO and engineering leads: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 0 | |||||||||||||||||
| Product managers and designers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Solutions engineers and support: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 0 | |||||||||||||||||
| Customer success managers: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 0 | |||||||||||||||||
| Head of sales: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | |||||||||||||||||
| Account executives (base salary): headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Sales development representatives: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 0 | |||||||||||||||||
| Marketing: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 0 | |||||||||||||||||
| Founders and executives (CEO, COO): headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | |||||||||||||||||
| Finance, people and office: headcount | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | payroll | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | |||||||||||||||||
| Paid leave days taken | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | HR system | 70.3 | 147.8 | 70.6 | 163.4 | 178 | 107.6 | 292.7 | 574.9 | 1,605.3 | |||||||||||||||||
| Sales commissions earned (gross) | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | commission statements | 0 | 30,600 | 0 | 37,200 | 0 | 30,600 | 33,600 | 9,000 | 141,000 | |||||||||||||||||
| CIR-eligible personnel costs (time records: research share of salaries and employer contributions) | HEADCOUNT BY BAND AT MONTH END, PAID LEAVE, COMMISSIONS AND RESEARCH TIME | time records | 212,406.21 | 221,708.31 | 224,001.73 | 232,473.68 | 229,318.72 | 229,884.02 | 230,813.22 | 225,035.39 | 1,805,641.28 | |||||||||||||||||
| Software and IT tools | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 17,964.17 | 17,385.59 | 18,123.85 | 19,869.56 | 17,944.87 | 18,293.52 | 18,498.38 | 18,949.95 | 147,029.89 | |||||||||||||||||
| Paid media and content | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 40,122.19 | 38,266.5 | 44,158.36 | 39,060.9 | 36,977.95 | 39,565.64 | 38,526.92 | 31,571.67 | 308,250.13 | |||||||||||||||||
| Events and conferences | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 14,295.59 | 12,160.67 | 12,759.39 | 12,697.28 | 14,181.74 | 38,077.73 | 14,789.14 | 13,126.66 | 132,088.2 | |||||||||||||||||
| Office rent, Paris (quarterly in advance) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 272,000 | |||||||||||||||||
| Legal, statutory audit and accounting | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 16,317.2 | 16,190.39 | 34,446.7 | 17,409.94 | 15,872.42 | 15,162.98 | 17,487.83 | 15,878.32 | 148,765.78 | |||||||||||||||||
| Insurance | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 36,000 | |||||||||||||||||
| Recruitment | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 7,675.8 | 16,033.25 | 23,048.39 | 14,790.36 | 9,257.09 | 7,702.66 | 1,000 | 1,000 | 80,507.55 | |||||||||||||||||
| Travel (VAT not recovered) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 11,939.7 | 11,991.62 | 11,894.58 | 10,435.89 | 10,844.45 | 10,029.29 | 10,860.83 | 9,587.64 | 87,584 | |||||||||||||||||
| Local business taxes (CFE and CVAE) | OVERHEADS, CAPEX AND CARD PROCESSING | ledger | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 11,200 | |||||||||||||||||
| Capex: IT equipment | OVERHEADS, CAPEX AND CARD PROCESSING | asset register | 5,057.75 | 7,270.69 | 9,512.1 | 7,262.12 | 4,693.56 | 5,463.47 | 2,233.55 | 2,185.01 | 43,678.25 | |||||||||||||||||
| Card processing fees | OVERHEADS, CAPEX AND CARD PROCESSING | processor statements | 5,639.98 | 5,763.05 | 6,071.85 | 5,962.55 | 6,279.26 | 6,407.25 | 6,447.74 | 6,341.18 | 48,912.86 | |||||||||||||||||
| Card payouts (Developer packs and Team plans, net of fees) | RECEIPTS (bank) | bank | 274,905.14 | 291,488.05 | 301,509.25 | 296,837.91 | 308,538.08 | 316,902.38 | 320,768.48 | 314,268.14 | 2,425,217.43 | |||||||||||||||||
| Enterprise receipts: accounts in France (incl. VAT) | RECEIPTS (bank) | bank | 71,000 | 94,000 | 67,000 | 73,000 | 118,000 | 115,000 | 76,000 | 126,000 | 740,000 | |||||||||||||||||
| Enterprise receipts: accounts outside France | RECEIPTS (bank) | bank | 143,333.34 | 150,029.1 | 188,630.35 | 138,810.95 | 124,166.67 | 187,500 | 134,166.67 | 150,833.33 | 1,217,470.41 | |||||||||||||||||
| Research tax credit refunded | RECEIPTS (bank) | bank | 0 | 0 | 0 | 0 | 0 | 0 | 935,770 | 0 | 935,770 | |||||||||||||||||
| Interest received on term deposits | RECEIPTS (bank) | bank | 18,300 | 17,540.71 | 17,000.73 | 16,375.49 | 15,411.49 | 14,769.42 | 14,166.97 | 14,620.69 | 128,185.5 | |||||||||||||||||
| Compute suppliers paid in USD (Provider A and vendor B), EUR debited | PAYMENTS (bank) | bank | 107,546.17 | 123,320.74 | 125,872.77 | 124,046.4 | 123,735.7 | 133,093.42 | 134,594.58 | 142,250.18 | 1,014,459.96 | |||||||||||||||||
| Model API vendor C | PAYMENTS (bank) | bank | 7,104.97 | 8,172.87 | 8,429.57 | 8,033.9 | 8,834.88 | 9,004.17 | 9,240.64 | 9,844.35 | 68,665.35 | |||||||||||||||||
| Company card statements (software, media, travel) | PAYMENTS (bank) | bank | 67,925.28 | 70,026.06 | 67,643.71 | 74,176.79 | 69,366.35 | 65,767.27 | 67,888.45 | 67,886.13 | 550,680.04 | |||||||||||||||||
| French suppliers incl. VAT and equipment | PAYMENTS (bank) | bank | 48,894.67 | 52,015.61 | 61,986 | 95,719.9 | 62,591.64 | 52,805.77 | 79,688.21 | 42,612.62 | 496,314.42 | |||||||||||||||||
| Rent (quarterly in advance, incl. VAT) | PAYMENTS (bank) | bank | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 367,200 | |||||||||||||||||
| Insurance (direct debit) | PAYMENTS (bank) | bank | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 36,000 | |||||||||||||||||
| URSSAF (DSN, 5th) | PAYMENTS (bank) | bank | 213,682.42 | 219,057.13 | 226,130.17 | 245,947.1 | 239,469.37 | 254,250.73 | 241,473.55 | 252,464.91 | 1,892,475.38 | |||||||||||||||||
| Income tax withheld at source (5th) | PAYMENTS (bank) | bank | 42,455.68 | 43,544.32 | 45,112.36 | 49,245.99 | 47,195.8 | 50,719.38 | 47,540.26 | 50,425.29 | 376,239.08 | |||||||||||||||||
| Agirc-Arrco and schemes (25th) | PAYMENTS (bank) | bank | 73,047.74 | 75,173.11 | 77,939.69 | 87,441.15 | 81,918.61 | 90,697.69 | 82,524.46 | 89,698.04 | 658,440.49 | |||||||||||||||||
| VAT return (CA3) | PAYMENTS (bank) | bank | 23,815.14 | 5,032.49 | 29,880.54 | 24,527.85 | 0 | 32,840.42 | 35,412.85 | 4,281.6 | 155,790.89 | |||||||||||||||||
| Local business taxes (CFE and CVAE) | PAYMENTS (bank) | bank | 0 | 0 | 0 | 0 | 500 | 8,050 | 0 | 0 | 8,550 |
| label | basis | section | format | kind | bold | value c | value d |
|---|---|---|---|---|---|---|---|
| Cash at bank and term deposits | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 12,200,000 | |
| VAT to deduct on French supplier invoices not yet paid | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 8,149.11 | |
| Enterprise receivables: accounts in France (incl. VAT) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 141,000 | |
| Enterprise receivables: accounts outside France | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 226,666.67 | |
| Contract assets (Enterprise usage ahead of billing) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Research tax credit receivable (FY2025 claim) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 935,770 | |
| Other prepayments | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 30,000 | |
| Rent deposit | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 102,000 | |
| IT equipment: cost | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 260,000 | |
| IT equipment: accumulated depreciation | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 140,000 | |
| Office fit-out: cost | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 180,000 | |
| Office fit-out: accumulated depreciation | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 60,000 | |
| Trade payables: compute suppliers in USD (at the December rate) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 107,812.56 | |
| Trade payables: model API vendor C | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 7,104.97 | |
| Trade payables: company card statements | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 67,925.28 | |
| Trade payables: French suppliers (incl. VAT) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 48,894.67 | |
| Contract liabilities: Enterprise commitments billed ahead of usage | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 384,305.29 | |
| Contract liabilities: Developer credits | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 208,980.33 | |
| VAT payable (December return) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 23,815.14 | |
| VAT on French invoices not yet collected | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 23,500 | |
| URSSAF payable (December payroll) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 213,682.42 | |
| Income tax withheld payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 42,455.68 | |
| Agirc-Arrco and schemes payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 73,047.74 | |
| Commissions payable (December) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Employer contributions accrued on commissions | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 0 | |
| Paid leave provision | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 263,740.15 | |
| Local business taxes accrued (CVAE 2025 balance) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 500 | |
| Share capital | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 150,000 | |
| Share premium | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 24,450,000 | |
| Accumulated losses | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | -12,182,178.45 | |
| Paid leave days outstanding at 31-Dec-25 | HR system | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | num1 | input | False | 665 | |
| Compute supplier invoices of December in USD (paid in January) | FY25 accounts | OPENING BALANCE SHEET AT 31-DEC-25 (FY2025 accounts, fictional); Developer packs are on History, Enterprise accounts on the Account_Register | int | input | False | 126,226.94 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Software and IT tools | COST LINES | reverse charge | 17,964.17 | 17,385.59 | 18,123.85 | 19,869.56 | 17,944.87 | 18,293.52 | 18,498.38 | 18,949.95 | 18,287.2 | 18,576.6353 | 18,816.0773 | 18,809.2811 | 20,505.5053 | 20,738.3425 | 20,967.1402 | 21,453.369 | 21,444.4475 | 21,683.4722 | 21,927.6456 | 21,924.0733 | 22,168.4735 | 22,166.4605 | 22,164.4379 | 22,164.4716 | 221,519.0838 | 259,307.8391 |
| Paid media and content | COST LINES | reverse charge | 40,122.19 | 38,266.5 | 44,158.36 | 39,060.9 | 36,977.95 | 39,565.64 | 38,526.92 | 31,571.67 | 38,000 | 43,700 | 38,000 | 38,000 | 42,845 | 42,845 | 49,271.75 | 42,845 | 42,845 | 42,845 | 42,845 | 34,276 | 42,845 | 49,271.75 | 42,845 | 42,845 | 465,950.13 | 518,424.5 |
| Events and conferences | COST LINES | French VAT 20% | 14,295.59 | 12,160.67 | 12,759.39 | 12,697.28 | 14,181.74 | 38,077.73 | 14,789.14 | 13,126.66 | 14,000 | 14,000 | 14,000 | 14,000 | 15,785 | 15,785 | 15,785 | 15,785 | 15,785 | 39,462.5 | 15,785 | 15,785 | 15,785 | 15,785 | 15,785 | 15,785 | 188,088.2 | 213,097.5 |
| Office rent, Paris (quarterly in advance) | COST LINES | French VAT 20% | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 34,850 | 408,000 | 418,200 |
| Legal, statutory audit and accounting | COST LINES | French VAT 20% | 16,317.2 | 16,190.39 | 34,446.7 | 17,409.94 | 15,872.42 | 15,162.98 | 17,487.83 | 15,878.32 | 16,000 | 16,000 | 16,000 | 16,000 | 16,400 | 16,400 | 36,080 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 16,400 | 212,765.78 | 216,480 |
| Insurance | COST LINES | no VAT recovered | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 54,000 | 55,350 |
| Recruitment | COST LINES | French VAT 20% | 7,675.8 | 16,033.25 | 23,048.39 | 14,790.36 | 9,257.09 | 7,702.66 | 1,000 | 1,000 | 1,000 | 16,000 | 14,525 | 6,955.1458 | 44,542.4384 | 14,667.5265 | 14,664.6288 | 22,568.8311 | 7,689.0892 | 15,244.7836 | 15,461.0863 | 7,957.4427 | 15,516.776 | 8,066.3549 | 8,065.5516 | 8,127.7269 | 118,987.6958 | 182,572.236 |
| Travel (VAT not recovered) | COST LINES | no VAT recovered | 11,939.7 | 11,991.62 | 11,894.58 | 10,435.89 | 10,844.45 | 10,029.29 | 10,860.83 | 9,587.64 | 11,000 | 11,000 | 11,000 | 11,000 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 11,275 | 131,584 | 135,300 |
| Local business taxes (CFE and CVAE) | COST LINES | no VAT recovered | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,400 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 1,466.6667 | 16,800 | 17,600 |
| TOTAL OVERHEADS | COST LINES | 148,214.65 | 151,928.02 | 184,331.27 | 154,163.93 | 144,978.52 | 168,731.82 | 141,063.1 | 130,014.24 | 138,187.2 | 159,176.6353 | 152,241.0773 | 144,664.427 | 192,282.1103 | 162,640.0357 | 188,972.6856 | 171,256.3667 | 156,367.7033 | 187,839.9225 | 164,622.8986 | 148,546.6827 | 164,919.4162 | 163,893.7321 | 157,464.1562 | 157,526.3652 | 1,817,694.8896 | 2,016,332.0752 | |
| Rent paid incl. VAT (first working day of each quarter) | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | A: bank; F: three months in advance | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 122,400 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 125,460 | 0 | 0 | 489,600 | 501,840 |
| PREPAID RENT | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | opening + paid ex VAT - expense | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 68,000 | 34,000 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 69,700 | 34,850 | 0 | 0 | 0 |
| Insurance paid (direct debit in the month) | RENT (paid quarterly in advance incl. VAT) AND INSURANCE | A: bank; F: expense | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 4,612.5 | 54,000 | 55,350 |
| Paid (May: CVAE balance; June: CFE and CVAE instalments; September: CVAE instalment; December: CFE) | LOCAL BUSINESS TAXES (CFE AND CVAE) | A: bank; F: calendar | 0 | 0 | 0 | 0 | 500 | 8,050 | 0 | 0 | 1,850 | 0 | 0 | 6,700 | 0 | 0 | 0 | 0 | 200 | 8,400 | 0 | 0 | 1,950 | 0 | 0 | 6,850 | 17,100 | 17,400 |
| LOCAL BUSINESS TAXES ACCRUED | LOCAL BUSINESS TAXES (CFE AND CVAE) | 1,900 | 3,300 | 4,700 | 6,100 | 7,000 | 350 | 1,750 | 3,150 | 2,700 | 4,100 | 5,500 | 200 | 1,666.6667 | 3,133.3333 | 4,600 | 6,066.6667 | 7,333.3333 | 400 | 1,866.6667 | 3,333.3333 | 2,850 | 4,316.6667 | 5,783.3333 | 400 | 200 | 400 | |
| Check at December: accrued equals the CVAE of the year less its two instalments (must be zero) | LOCAL BUSINESS TAXES (CFE AND CVAE) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capex: IT equipment | A: register; F: hires x equipment + replacement | 5,057.75 | 7,270.69 | 9,512.1 | 7,262.12 | 4,693.56 | 5,463.47 | 2,233.55 | 2,185.01 | 2,500 | 7,300 | 6,828 | 4,405.6467 | 16,433.5803 | 6,873.6085 | 6,872.6812 | 9,402.026 | 4,640.5085 | 7,058.3307 | 7,127.5476 | 4,726.3817 | 7,145.3683 | 4,761.2336 | 4,760.9765 | 4,780.8726 | 64,711.8967 | 84,583.1155 | |
| Depreciation of assets held at 31-Dec-25 | register | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 72,000 | 72,000 | |
| Depreciation of additions (36 months) | 0 | 140.4931 | 342.4567 | 606.6817 | 808.4072 | 938.7839 | 1,090.5469 | 1,152.59 | 1,213.2847 | 1,282.7292 | 1,485.5069 | 1,675.1736 | 1,797.5527 | 2,254.041 | 2,444.9746 | 2,635.8824 | 2,897.0498 | 3,025.9528 | 3,222.0176 | 3,420.005 | 3,551.2934 | 3,749.7758 | 3,882.0323 | 4,014.2817 | 10,736.6539 | 36,894.859 | ||
| DEPRECIATION | 6,000 | 6,140.4931 | 6,342.4567 | 6,606.6817 | 6,808.4072 | 6,938.7839 | 7,090.5469 | 7,152.59 | 7,213.2847 | 7,282.7292 | 7,485.5069 | 7,675.1736 | 7,797.5527 | 8,254.041 | 8,444.9746 | 8,635.8824 | 8,897.0498 | 9,025.9528 | 9,222.0176 | 9,420.005 | 9,551.2934 | 9,749.7758 | 9,882.0323 | 10,014.2817 | 82,736.6539 | 108,894.859 | ||
| FIXED ASSETS, NET BOOK VALUE | 239,057.75 | 240,187.9469 | 243,357.5903 | 244,013.0286 | 241,898.1814 | 240,422.8675 | 235,565.8706 | 230,598.2906 | 225,885.0058 | 225,902.2767 | 225,244.7697 | 221,975.2428 | 230,611.2704 | 229,230.8378 | 227,658.5444 | 228,424.688 | 224,168.1467 | 222,200.5247 | 220,106.0547 | 215,412.4314 | 213,006.5064 | 208,017.9641 | 202,896.9084 | 197,663.4993 | 221,975.2428 | 197,663.4993 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Output VAT: card sales in France (paid at purchase) | Credits and Team | 21,748.2713 | 22,883.1483 | 23,692.1879 | 23,430.1681 | 24,362.1794 | 25,047.1476 | 25,296.3032 | 24,871.4065 | 26,893.2825 | 27,847.8202 | 28,501.1179 | 28,895.5135 | 30,366.7286 | 31,013.54 | 32,035.6544 | 32,486.2949 | 33,192.3562 | 34,127.528 | 34,193.4094 | 33,766.4704 | 36,886.5742 | 37,992.1546 | 38,646.5943 | 38,936.7845 | 303,468.5465 | 413,644.0895 | |
| Output VAT: French Enterprise receipts | receipts x 20 / 120 | 11,833.3333 | 15,666.6667 | 11,166.6667 | 12,166.6667 | 19,666.6667 | 19,166.6667 | 12,666.6667 | 21,000 | 19,833.333 | 15,377.3482 | 21,000 | 24,033.3333 | 21,066.6667 | 21,000 | 24,406.6437 | 25,057.5712 | 30,962.0694 | 34,598.8429 | 30,130.3459 | 25,100 | 25,120 | 23,280 | 25,100 | 25,213.3333 | 203,577.3478 | 311,035.4731 | |
| Input VAT: French supplier payments | payments x 20 / 120 | -8,149.1117 | -8,669.2683 | -10,331 | -15,953.3167 | -10,431.94 | -8,800.9617 | -13,281.3683 | -7,102.1033 | -6,437.9977 | -6,700 | -10,660 | -10,270.6 | -8,272.1585 | -18,632.2037 | -10,745.227 | -14,680.462 | -12,831.1714 | -8,902.9195 | -15,633.1229 | -10,954.7268 | -8,973.7649 | -10,969.4289 | -9,002.5177 | -9,002.3056 | -116,787.6677 | -138,600.0089 | |
| Input VAT: rent | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,400 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -20,910 | 0 | 0 | -81,600 | -83,640 | ||
| NET VAT FOR THE MONTH | 5,032.493 | 29,880.5466 | 24,527.8546 | -756.4819 | 33,596.9061 | 35,412.8526 | 4,281.6015 | 38,769.3032 | 40,288.6179 | 16,125.1684 | 38,841.1179 | 42,658.2469 | 22,251.2367 | 33,381.3363 | 45,697.0711 | 21,953.4041 | 51,323.2541 | 59,823.4514 | 27,780.6325 | 47,911.7436 | 53,032.8094 | 29,392.7257 | 54,744.0766 | 55,147.8122 | 308,658.2266 | 502,439.5537 | ||
| VAT paid (CA3, next month) | A: bank; F: prior position if payable | 23,815.14 | 5,032.49 | 29,880.54 | 24,527.85 | 0 | 32,840.42 | 35,412.85 | 4,281.6 | 38,769.3256 | 40,288.6179 | 16,125.1684 | 38,841.1179 | 42,658.2469 | 22,251.2367 | 33,381.3363 | 45,697.0711 | 21,953.4041 | 51,323.2541 | 59,823.4514 | 27,780.6325 | 47,911.7436 | 53,032.8094 | 29,392.7257 | 54,744.0766 | 289,815.1198 | 489,949.9883 | |
| VAT PAYABLE / (CREDIT CARRIED FORWARD) | 5,032.493 | 29,880.5496 | 24,527.8642 | -756.4677 | 32,840.4383 | 35,412.8709 | 4,281.6225 | 38,769.3256 | 40,288.6179 | 16,125.1684 | 38,841.1179 | 42,658.2469 | 22,251.2367 | 33,381.3363 | 45,697.0711 | 21,953.4041 | 51,323.2541 | 59,823.4514 | 27,780.6325 | 47,911.7436 | 53,032.8094 | 29,392.7257 | 54,744.0766 | 55,147.8122 | 42,658.2469 | 55,147.8122 | ||
| Check: position equals the month plus any credit carried (must be zero) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| VAT to deduct on French supplier invoices not yet paid (asset) | payable x 20 / 120 | 8,669.268 | 10,330.9997 | 15,953.3157 | 10,431.939 | 8,800.961 | 13,281.3673 | 7,102.103 | 6,437.9977 | 6,700 | 10,660 | 10,270.6 | 8,272.1585 | 18,632.2037 | 10,745.227 | 14,680.462 | 12,831.1714 | 8,902.9195 | 15,633.1229 | 10,954.7268 | 8,973.7649 | 10,969.4289 | 9,002.5177 | 9,002.3056 | 9,018.7199 | 8,272.1585 | 9,018.7199 | |
| Reverse charge on services bought abroad (self-assessed and deducted: nets to zero) | memo | 38,096.7144 | 37,426.6255 | 39,188.0377 | 38,232.552 | 39,048.345 | 40,105.1436 | 42,262.54 | 40,859.417 | 41,664.8607 | 37,842.6612 | 37,570.1584 | 38,442.5216 | 42,923.9729 | 43,413.3159 | 46,180.5894 | 45,295.091 | 46,433.3416 | 46,870.5753 | 47,558.5746 | 46,311.2248 | 48,654.4463 | 50,885.8986 | 50,111.5682 | 50,974.1351 | 470,739.577 | 565,612.7338 | |
| Services to EU businesses declared on the DES (reverse charge by the customer) | memo | 247,024.8205 | 266,270.1205 | 189,005.6535 | 252,062.4965 | 263,606.2685 | 196,383.057 | 335,363.196 | 267,870.782 | 210,423.3614 | 361,757.5502 | 294,419.7601 | 295,590.4336 | 417,814.8237 | 389,139.4204 | 294,836.7923 | 393,206.6706 | 437,892.2969 | 285,842.1559 | 402,668.6632 | 427,365.4395 | 304,553.6 | 445,065.1819 | 500,556.2857 | 372,826.8175 | 3,179,777.4997 | 4,671,768.1476 |
| Measure | Section | Basis | 2026-01 A | 2026-02 A | 2026-03 A | 2026-04 A | 2026-05 A | 2026-06 A | 2026-07 A | 2026-08 A | 2026-09 F | 2026-10 F | 2026-11 F | 2026-12 F | 2027-01 F | 2027-02 F | 2027-03 F | 2027-04 F | 2027-05 F | 2027-06 F | 2027-07 F | 2027-08 F | 2027-09 F | 2027-10 F | 2027-11 F | 2027-12 F | FY2026 | FY2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit before tax | PL | -369,611.0106 | -418,177.5586 | -423,051.5259 | -448,978.4734 | -353,145.6879 | -467,837.821 | -353,379.4873 | -175,248.773 | -268,346.2355 | -371,198.3455 | -367,127.9355 | -289,838.2263 | -391,257.5117 | -392,901.7402 | -285,303.6675 | -376,258.064 | -288,978.5423 | -290,775.2841 | -259,419.874 | -70,773.1937 | -270,221.6057 | -236,815.2142 | -256,929.5501 | -225,715.7208 | -4,305,941.0806 | -3,345,349.9682 | |
| Less: research tax credit (not taxable) | PL | -89,210.6082 | -93,117.4902 | -94,080.7266 | -97,638.9456 | -96,313.8624 | -96,551.2884 | -96,941.5524 | -94,514.8638 | -93,308.6032 | -95,319.4832 | -95,309.2601 | -95,292.588 | -105,880.267 | -105,819.9742 | -108,646.0894 | -108,623.0409 | -108,599.682 | -109,895.0847 | -109,884.4843 | -109,873.7776 | -112,760.0044 | -112,736.0418 | -112,712.1896 | -112,712.588 | -1,137,599.2721 | -1,318,143.2239 | |
| Taxable result | -458,821.6188 | -511,295.0488 | -517,132.2525 | -546,617.419 | -449,459.5503 | -564,389.1094 | -450,321.0397 | -269,763.6368 | -361,654.8387 | -466,517.8287 | -462,437.1956 | -385,130.8143 | -497,137.7787 | -498,721.7144 | -393,949.7569 | -484,881.1049 | -397,578.2243 | -400,670.3688 | -369,304.3583 | -180,646.9713 | -382,981.6101 | -349,551.256 | -369,641.7397 | -338,428.3088 | -5,443,540.3527 | -4,663,493.1921 | ||
| Taxable profit year to date before losses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax losses available at the start of the year | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 15,492,000 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 20,935,540.3527 | 15,492,000 | 20,935,540.3527 | ||
| Tax losses used year to date | EUR 1m + 50% above | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax losses carried forward at the month end | available + losses of the year - used | 15,950,821.6188 | 16,462,116.6677 | 16,979,248.9202 | 17,525,866.3392 | 17,975,325.8896 | 18,539,714.9989 | 18,990,036.0386 | 19,259,799.6754 | 19,621,454.5141 | 20,087,972.3429 | 20,550,409.5384 | 20,935,540.3527 | 21,432,678.1314 | 21,931,399.8458 | 22,325,349.6027 | 22,810,230.7076 | 23,207,808.9319 | 23,608,479.3007 | 23,977,783.659 | 24,158,430.6302 | 24,541,412.2403 | 24,890,963.4963 | 25,260,605.236 | 25,599,033.5448 | 20,935,540.3527 | 25,599,033.5448 | |
| Corporate income tax year to date | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CHARGE FOR THE MONTH (P&L) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Paid (balance with the return in May of the next year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| CORPORATE INCOME TAX PAYABLE | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CFO decisions & actions
Upside · EUR · 2026-01 to 2027-12 · A: actual · F: forecast
| Risk | Likelihood | Impact | Score | Mitigation and owner |
|---|---|---|---|---|
| Funding: at its lowest point (Dec-27) the Upside case is EUR 1,379k above the EUR 3.0m buffer; the Downside is EUR 1,082k below the EUR 3.0m buffer in Nov-27. The business burns about EUR 291k a month in FY2027. | 4 | 5 | 20 | Series C plan to the board by November; process from the first quarter of 2027; monthly cash review against the buffer; CEO and BriQs CFO |
| Vendor B: 56% of revenue runs on its models; its fourth-quarter price is not confirmed and a rise or outage hits voice and agents at once | 4 | 4 | 16 | Second voice model qualified by December; routing between models; price protection in the renewal of the vendor B contract; CTO |
| Price pressure: list prices down 8% in 2026 and 5% planned for 2027; the Downside tests 20% | 3 | 4 | 12 | Price list for 2027 set after the vendor B answer; value-based pricing for Enterprise workflows; CEO and Head of sales |
| GPU capacity: inference needs 100% of usable reserved hours by December; research hours are squeezed; on-demand GPUs cost 74% more | 4 | 3 | 12 | 2027 reservation decided by November; efficiency roadmap per product; CTO and Finance lead |
| Cloud commitment: a 2026 shortfall of USD 112k is provided and payable in January | 3 | 2 | 6 | Roll the shortfall into the 2027 commitment; size 2027 to the plan with a usage review each quarter; Finance lead |
| Enterprise renewals and unused commitments: EUR 326k of FY2026 revenue comes from commitments not used; Pravenza Retail left for an in-house open-weights model | 3 | 3 | 9 | Usage reviews each quarter with every account; renewal plan 90 days before each anniversary; Head of customer success |
| Research tax credit: EUR 1,138k a year depends on SME status for the cash refund and on time records that survive a tax audit | 2 | 4 | 8 | SME status confirmed by the tax adviser; time records and technical files kept monthly; Finance lead |
| Team acquisition and churn: 14.5 new customers a month against 17.6 budgeted; 2.4% lost each month | 3 | 2 | 6 | Onboarding for the first 60 days; usage alerts before the allowance runs out; Head of marketing |
| Service reliability: the 28 April incident led to the disputed Tervane invoice (EUR 18.1k) | 2 | 3 | 6 | Idempotent retries so a retried call is never billed twice; incident credits policy; CTO |
| Key people: the machine learning research team holds the models and the Paris market for that profile is tight | 3 | 3 | 9 | Retention plan for the ten most critical researchers and engineers; succession cover for each lead; CEO |
| Action | Owner | Due | Status | Measure of done |
|---|---|---|---|---|
| Series C plan for the board: amount, timing and milestones, with cash against the buffer by month in each scenario | CEO and BriQs CFO | 2026-11-30 | Open | Board decision on the round and the timetable |
| 2027 GPU reservation and Provider A commitment, with the 2026 shortfall rolled into 2027 | CTO and Finance lead | 2026-11-15 | Open | Signed order form; shortfall rollover in writing |
| Vendor B: confirm the fourth-quarter price and qualify a second voice model | CTO | 2026-12-31 | Open | Price confirmed in writing; second model live for at least 10% of voice traffic |
| 2027 price list: size of the cut by product, Enterprise renewal pricing, Maltessa Telecom repricing plan | CEO and Head of sales | 2026-10-31 | Open | Price list approved after the vendor B answer |
| Research tax credit: SME status confirmation, FY2026 time records file and a prefinancing quote | Finance lead with the tax adviser | 2026-10-31 | Open | Adviser opinion on file; prefinancing terms received |
| Tervane dispute: engineering review of the call logs and settlement of the May invoice | Finance lead and Head of customer success | 2026-10-31 | In progress | Credit note for the calls proven duplicated; balance collected |
| E-invoicing: confirm reception through the approved platform and plan issuance from September 2027 | Finance lead | 2026-10-31 | Open | Supplier invoices received electronically; issuance project in the 2027 budget |
| Unit cost dashboard: price and compute cost per 1,000 units by product in every monthly pack | BriQs CFO | 2026-10-15 | Open | Dashboard in the September pack |
| Downside plan: triggers, the hiring response and the order of cash levers | BriQs CFO | 2026-10-15 | Open | Plan approved by the board and attached to the October pack |
4. How the model works
Inputs_Actuals holds the actual months (credit packs and credits used by pack, Team customers and fees, Enterprise usage and commitments by account, units by product and segment, GPU scheduler hours, supplier invoices in USD and EUR, payroll by department, headcount by band, leave taken, commissions, research time, overheads, receipts and payments) and the opening balance sheet. History holds FY2025 by month, the credit packs live at 31-Dec-25, the 2024 packs that tested the breakage rate and Enterprise usage by account. The Account_Register holds every Enterprise account and pipeline deal with terms, product mix, discount and renewal or win probabilities by scenario. Assumptions holds French tax and payroll rates, pay bands, prices, compute rates, overheads, the timeline and the scenario drivers (selector in Assumptions!C11). Credits, Team and Enterprise run the three revenue models; Revenue consolidates them by segment and product. Usage_Compute turns units into GPU hours, tokens and compute cost; Commitments tests the Provider A commitment; Unit_Costs and Margins allocate the cost to serve. People runs French payroll by band; Research_Credit accrues the CIR. Receivables, Payables, VAT, Tax, Overheads, Fixed_Assets and Treasury roll every flow and balance. PL, BS and CF link only to schedules. BvA, Scenarios, Cash_13W, KPIs, the agings and CFO_Report are reporting layers.
5. Methods an AI-company CFO will look for
| Area | Treatment |
|---|---|
| Prepaid credits and breakage | Each Developer pack is a contract liability; credits used earn 1 / (1 - 12%) of revenue, so the expected breakage is recognised in proportion to use (IFRS 15.B46). When a pack expires after 12 months its actual unused credits are trued up. The liability is proved every month against a pack-by-pack schedule, and the breakage rate is tested against the 2024 packs (12.2% expired unused). |
| Usage and hybrid pricing | Team plans: a monthly fee buys an allowance that lapses at month end; usage above it is billed at list price in the month. Enterprise: usage at contracted prices against an annual commitment billed quarterly in advance, usage above the commitment billed monthly; a commitment not used by the contract year end is recognised then, when its use becomes remote (IFRS 15.B46). |
| Contract balances | Each Enterprise account carries a contract liability (billed ahead of usage) or a contract asset (usage ahead of billing) that clears at every contract year end (checked); the disputed invoice carries a refund liability for the expected credit (IFRS 15.55). |
| Price per unit | Realised price per 1,000 units by product and segment against list, after Enterprise discounts; list price changes are scenario drivers, and customers keep their budgets, so a cut buys more units and raises the cost to serve. |
| Cost to serve per unit | GPU hours per unit (falling each quarter with model optimisation), model tokens per unit at vendor prices, hosting fixed plus per unit; Unit_Costs allocates GPU cost by hours, model API cost by tokens and hosting by its drivers, so every product carries its full compute cost per 1,000 units. |
| GPU capacity | Reserved GPUs are billed for every hour; inference above 85% of reserved hours runs on on-demand GPUs at USD 3.40 an hour against USD 1.95 reserved; research uses the reserved hours inference leaves and is charged to research and development. |
| Committed cloud spend | Provider A spend counts against a calendar-year take-or-pay commitment; utilisation is tracked monthly and the expected shortfall is provided as an onerous contract (IAS 37.66 to 69) from the month it becomes expected, released against the December shortfall invoice. |
| Gross margin by product, segment and account | Revenue, compute, card fees and the solutions and support team allocated to products and segments, both reconciled to the P&L gross profit every month; account margins after compute and support on the Account_Register. |
| Provider concentration | Share of compute spend by provider and share of revenue running on vendor B models, with a business warning on Checks. |
| Research tax credit | Eligible personnel costs from the research time records plus the flat 40% for operating costs, at 30%; accrued monthly as other operating income (IAS 20) and refunded in cash after the claim is filed with the return of the following year; EBITDA before the credit shown as a memo. |
| USD costs | Provider A and vendor B invoices booked at the ECB average rate of the month and paid on the 15th of the next month at that month rate; the difference is a realised exchange gain or loss (IAS 21.28). |
| Collections | Card payouts net of fees for Developer and Team; Enterprise receivables in and outside France at the invoicing still inside the collection days, receipts as the balancing figure, so a slower scenario delays cash without collecting an invoice twice; VAT on French invoices is due only when collected. |
| Budget vs actual | Revenue variance by cause (Developer volume and expiries, Team customers, fee and usage, the lost account, new accounts, existing accounts and credit notes), reconciled to the P&L; EBITDA walk from budget to actual. |
7. Assumptions (company judgements, labelled in the workbook)
- Revenue drivers are the FY2026 year-to-date experience: Developer purchases growing 3% a month in the Base (1% Downside, 4% Upside); Team 14.9 new customers a month before seasonality and 2.4% lost a month; Enterprise usage growth by account on the Account_Register, renewal probabilities by account and scenario, pipeline wins at their probabilities.
- Breakage 12% of credits, retested every quarter against the packs that expire.
- Prices: list prices cut 10% in January 2027 in the Base (20% Downside, 5% Upside); customers keep their budgets.
- Compute: vendor B at USD 2.00 per million tokens to September, then USD 1.50 in the Base (USD 1.80 Downside, USD 1.40 Upside); GPU hours per unit falling 3% a quarter in the Base; 20 reserved GPUs in 2027 (18 Downside, 22 Upside); Provider A 2027 commitment USD 800k (700k and 850k).
- USD per EUR 1.1463 from September in the Base (1.08 Downside, 1.18 Upside).
- SME status under the EU definition for the cash refund of the research tax credit (the venture funds are treated as not linked); FY2026 claim refunded in September 2027 in the Base (December 2027 Downside, August 2027 Upside).
- AT/MP rate 0.80% until the notified rate is received; health, protection and transport schemes EUR 110 per head a month; 2027: monthly ceiling EUR 4,085 and SMIC EUR 1,900.63 until published, pay review 3% in the Base.
- Research shares of time by band from the time records; attrition by department (10% research and development to 20% sales and marketing); fifteen hires planned from October 2026 to September 2027, leavers replaced after two months.
- Enterprise accounts pay 50 days after invoice on average (45 and 60-day terms); the Downside adds 15 days. The Tervane Assurances disputed invoice: 30% credit expected in the Base, settled in October.
- Opening balances at 31-Dec-25 are fictional FY2025 accounts; share premium and accumulated losses are consistent with about EUR 24.6m raised to date.
- No deferred tax asset on the tax losses; the office lease is expensed as rent (IFRS 16 not applied); CFE and CVAE for 2027 are company estimates.
9. Using the workbook
- Change the scenario on Assumptions!C11 (1 Base, 2 Downside, 3 Upside); every forecast month, the CFO report and the Cover move with it. The Scenarios sheet holds the three snapshots; the check turns red if the live figures stop matching the stored snapshot.
- Blue on yellow cells are inputs; black are formulas; green link other sheets. Actual data is typed only on Inputs_Actuals, History, the Account_Register and Budget_FY26.
- The month-end procedure is on the Guide sheet: enter the month, move the last actual month on Assumptions, update the Account_Register, the Provider A shortfall estimate and the agings, refresh the snapshots and reread Checks.
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