{"text_format":"3","workbook":"xlsx","n_sheets":14,"sheets":["CFO review","Assumptions","P&L","Balance sheet","Cash flow","13 week cash","Operating model","Working capital","Assets debt tax","Original budget","Source inputs","AR and AP","Forecast checks","Guide"],"read":"whole","date_system":"1900"}

{"sheet":"CFO review","index":0,"n_rows":30,"n_cols":19,"rows_kept":30,"merged":[[19,2,21,15]]}
[]
[null,null,"Agencies finance demonstration"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[null,null,"31 August 2026. Jan–Aug actuals; Sep–Dec forecast."]
[]
[{"$nulls":16},"Month","Revenue","EBITDA"]
[null,null,"August revenue",null,null,{"$f":"'P&L'!L12","v":{"v":156000,"d":"€156,000"}},{"$nulls":10},"Jan",{"$f":"'P&L'!E12","v":{"v":131000,"d":"131,000.0"}},{"$f":"'P&L'!E22","v":{"v":15650,"d":"15,650.0"}}]
[null,null,"August gross margin",null,null,{"$f":"'P&L'!L20","v":{"v":0.42243589743589743,"d":"42.2%"}},{"$nulls":10},"Feb",{"$f":"'P&L'!F12","v":{"v":134375,"d":"134,375.0"}},{"$f":"'P&L'!F22","v":{"v":18175,"d":"18,175.0"}}]
[null,null,"August EBITDA",null,null,{"$f":"'P&L'!L22","v":{"v":15400,"d":"€15,400"}},{"$nulls":10},"Mar",{"$f":"'P&L'!G12","v":{"v":140730,"d":"140,730.0"}},{"$f":"'P&L'!G22","v":{"v":16520,"d":"16,520.0"}}]
[null,null,"August cash",null,null,{"$f":"'Balance sheet'!L8","v":{"v":127766.66666666667,"d":"€127,767"}},{"$nulls":10},"Apr",{"$f":"'P&L'!H12","v":{"v":146510,"d":"146,510.0"}},{"$f":"'P&L'!H22","v":{"v":21540,"d":"21,540.0"}}]
[null,null,"August receivables",null,null,{"$f":"'Balance sheet'!L9","v":{"v":220000,"d":"€220,000"}},{"$nulls":10},"May",{"$f":"'P&L'!I12","v":{"v":150800,"d":"150,800.0"}},{"$f":"'P&L'!I22","v":{"v":23120,"d":"23,120.0"}}]
[null,null,"August unbilled work",null,null,{"$f":"'Balance sheet'!L10","v":{"v":19500,"d":"€19,500"}},{"$nulls":10},"Jun",{"$f":"'P&L'!J12","v":{"v":153600,"d":"153,600.0"}},{"$f":"'P&L'!J22","v":{"v":18680,"d":"18,680.0"}}]
[null,null,"December cash / (funding gap)",null,null,{"$f":"'Balance sheet'!P8","v":{"v":200005.54838709685,"d":"€200,006"}},{"$nulls":10},"Jul",{"$f":"'P&L'!K12","v":{"v":160800,"d":"160,800.0"}},{"$f":"'P&L'!K22","v":{"v":20575,"d":"20,575.0"}}]
[{"$nulls":16},"Aug",{"$f":"'P&L'!L12","v":{"v":156000,"d":"156,000.0"}},{"$f":"'P&L'!L22","v":{"v":15400,"d":"15,400.0"}}]
[{"$nulls":16},"Sep",{"$f":"'P&L'!M12","v":{"v":175200,"d":"175,200.0"}},{"$f":"'P&L'!M22","v":{"v":36540,"d":"36,540.0"}}]
[null,null,"Lowest daily available cash in 13 weeks",null,null,{"$f":"'13 week cash'!F25","v":{"v":70746.94489247314,"d":"€70,747"}},{"$nulls":10},"Oct",{"$f":"'P&L'!N12","v":{"v":180850,"d":"180,850.0"}},{"$f":"'P&L'!N22","v":{"v":40100,"d":"40,100.0"}}]
[{"$nulls":16},"Nov",{"$f":"'P&L'!O12","v":{"v":193900,"d":"193,900.0"}},{"$f":"'P&L'!O22","v":{"v":44250,"d":"44,250.0"}}]
[null,null,"Review retainer scope and write-off risk in unbilled projects before adding delivery headcount.",{"$nulls":13},"Dec",{"$f":"'P&L'!P12","v":{"v":184300,"d":"184,300.0"}},{"$f":"'P&L'!P22","v":{"v":36500,"d":"36,500.0"}}]
[]
[]
[]
[]
[null,null,"Review topic","Owner","Due date","Status","Next action"]
[null,null,"Receivables","Finance lead","2026-09-04","Open","Confirm invoice-specific payment commitments."]
[null,null,"Contract economics","CFO","2026-09-08","Open","Review retained scope and unbilled hours."]
[null,null,"Capacity","Delivery lead","2026-09-09","Open","Compare committed delivery with staffed hours."]
[null,null,"Cash reserve","CEO / CFO","2026-09-07","Open","Review capital commitments before payment."]
[null,null,"Invoice approval","Operations","2026-09-04","Awaiting review","Resolve approval, review and hold separately."]

{"sheet":"Assumptions","index":1,"n_rows":73,"n_cols":16,"rows_kept":73}
[]
[null,null,"Assumptions"]
[]
[null,null,"Selected case",null,1,null,{"$f":"CHOOSE($E$4,\"Base\",\"Downside\")","v":"Base"},"EUR. Entirely fictional."]
[null,null,"1 = Base. 2 = Downside."]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Retainer accounts — active",null,{"$f":"'Source inputs'!E8","v":{"v":10,"d":"10.0"}},{"$f":"'Source inputs'!F8","v":{"v":10,"d":"10.0"}},{"$f":"'Source inputs'!G8","v":{"v":11,"d":"11.0"}},{"$f":"'Source inputs'!H8","v":{"v":11,"d":"11.0"}},{"$f":"'Source inputs'!I8","v":{"v":11,"d":"11.0"}},{"$f":"'Source inputs'!J8","v":{"v":12,"d":"12.0"}},{"$f":"'Source inputs'!K8","v":{"v":12,"d":"12.0"}},{"$f":"'Source inputs'!L8","v":{"v":12,"d":"12.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M9),M9,NA()),IF($E$4=2,IF(ISNUMBER(M10),M10,NA()),NA()))","v":{"v":13,"d":"13.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N9),N9,NA()),IF($E$4=2,IF(ISNUMBER(N10),N10,NA()),NA()))","v":{"v":13,"d":"13.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O9),O9,NA()),IF($E$4=2,IF(ISNUMBER(O10),O10,NA()),NA()))","v":{"v":14,"d":"14.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P9),P9,NA()),IF($E$4=2,IF(ISNUMBER(P10),P10,NA()),NA()))","v":{"v":14,"d":"14.0"}}]
[null,null,"Base",{"$nulls":9},{"v":13,"d":"13.0"},{"v":13,"d":"13.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"}]
[null,null,"Downside",{"$nulls":9},{"v":12,"d":"12.0"},{"v":11,"d":"11.0"},{"v":11,"d":"11.0"},{"v":11,"d":"11.0"}]
[null,null,"Monthly retainer fee — active",null,{"$f":"'Source inputs'!E9","v":{"v":6200,"d":"€6,200"}},{"$f":"'Source inputs'!F9","v":{"v":6250,"d":"€6,250"}},{"$f":"'Source inputs'!G9","v":{"v":6250,"d":"€6,250"}},{"$f":"'Source inputs'!H9","v":{"v":6400,"d":"€6,400"}},{"$f":"'Source inputs'!I9","v":{"v":6400,"d":"€6,400"}},{"$f":"'Source inputs'!J9","v":{"v":6500,"d":"€6,500"}},{"$f":"'Source inputs'!K9","v":{"v":6500,"d":"€6,500"}},{"$f":"'Source inputs'!L9","v":{"v":6500,"d":"€6,500"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M12),M12,NA()),IF($E$4=2,IF(ISNUMBER(M13),M13,NA()),NA()))","v":{"v":6650,"d":"€6,650"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N12),N12,NA()),IF($E$4=2,IF(ISNUMBER(N13),N13,NA()),NA()))","v":{"v":6700,"d":"€6,700"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O12),O12,NA()),IF($E$4=2,IF(ISNUMBER(O13),O13,NA()),NA()))","v":{"v":6700,"d":"€6,700"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P12),P12,NA()),IF($E$4=2,IF(ISNUMBER(P13),P13,NA()),NA()))","v":{"v":6850,"d":"€6,850"}}]
[null,null,"Base",{"$nulls":9},{"v":6650,"d":"€6,650"},{"v":6700,"d":"€6,700"},{"v":6700,"d":"€6,700"},{"v":6850,"d":"€6,850"}]
[null,null,"Downside",{"$nulls":9},{"v":6500,"d":"€6,500"},{"v":6500,"d":"€6,500"},{"v":6450,"d":"€6,450"},{"v":6450,"d":"€6,450"}]
[null,null,"Delivered project hours — active",null,{"$f":"'Source inputs'!E10","v":{"v":600,"d":"600.0"}},{"$f":"'Source inputs'!F10","v":{"v":625,"d":"625.0"}},{"$f":"'Source inputs'!G10","v":{"v":610,"d":"610.0"}},{"$f":"'Source inputs'!H10","v":{"v":645,"d":"645.0"}},{"$f":"'Source inputs'!I10","v":{"v":670,"d":"670.0"}},{"$f":"'Source inputs'!J10","v":{"v":630,"d":"630.0"}},{"$f":"'Source inputs'!K10","v":{"v":690,"d":"690.0"}},{"$f":"'Source inputs'!L10","v":{"v":650,"d":"650.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M15),M15,NA()),IF($E$4=2,IF(ISNUMBER(M16),M16,NA()),NA()))","v":{"v":710,"d":"710.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N15),N15,NA()),IF($E$4=2,IF(ISNUMBER(N16),N16,NA()),NA()))","v":{"v":750,"d":"750.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O15),O15,NA()),IF($E$4=2,IF(ISNUMBER(O16),O16,NA()),NA()))","v":{"v":770,"d":"770.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P15),P15,NA()),IF($E$4=2,IF(ISNUMBER(P16),P16,NA()),NA()))","v":{"v":680,"d":"680.0"}}]
[null,null,"Base",{"$nulls":9},{"v":710,"d":"710.0"},{"v":750,"d":"750.0"},{"v":770,"d":"770.0"},{"v":680,"d":"680.0"}]
[null,null,"Downside",{"$nulls":9},{"v":630,"d":"630.0"},{"v":590,"d":"590.0"},{"v":590,"d":"590.0"},{"v":550,"d":"550.0"}]
[null,null,"Project hourly rate — active",null,{"$f":"'Source inputs'!E11","v":{"v":115,"d":"€115"}},{"$f":"'Source inputs'!F11","v":{"v":115,"d":"€115"}},{"$f":"'Source inputs'!G11","v":{"v":118,"d":"€118"}},{"$f":"'Source inputs'!H11","v":{"v":118,"d":"€118"}},{"$f":"'Source inputs'!I11","v":{"v":120,"d":"€120"}},{"$f":"'Source inputs'!J11","v":{"v":120,"d":"€120"}},{"$f":"'Source inputs'!K11","v":{"v":120,"d":"€120"}},{"$f":"'Source inputs'!L11","v":{"v":120,"d":"€120"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M18),M18,NA()),IF($E$4=2,IF(ISNUMBER(M19),M19,NA()),NA()))","v":{"v":125,"d":"€125"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N18),N18,NA()),IF($E$4=2,IF(ISNUMBER(N19),N19,NA()),NA()))","v":{"v":125,"d":"€125"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O18),O18,NA()),IF($E$4=2,IF(ISNUMBER(O19),O19,NA()),NA()))","v":{"v":130,"d":"€130"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P18),P18,NA()),IF($E$4=2,IF(ISNUMBER(P19),P19,NA()),NA()))","v":{"v":130,"d":"€130"}}]
[null,null,"Base",{"$nulls":9},{"v":125,"d":"€125"},{"v":125,"d":"€125"},{"v":130,"d":"€130"},{"v":130,"d":"€130"}]
[null,null,"Downside",{"$nulls":9},{"v":120,"d":"€120"},{"v":120,"d":"€120"},{"v":118,"d":"€118"},{"v":118,"d":"€118"}]
[null,null,"Monthly hours per retainer — active",null,{"$f":"'Source inputs'!E12","v":{"v":82,"d":"82.0"}},{"$f":"'Source inputs'!F12","v":{"v":84,"d":"84.0"}},{"$f":"'Source inputs'!G12","v":{"v":84,"d":"84.0"}},{"$f":"'Source inputs'!H12","v":{"v":85,"d":"85.0"}},{"$f":"'Source inputs'!I12","v":{"v":86,"d":"86.0"}},{"$f":"'Source inputs'!J12","v":{"v":88,"d":"88.0"}},{"$f":"'Source inputs'!K12","v":{"v":90,"d":"90.0"}},{"$f":"'Source inputs'!L12","v":{"v":90,"d":"90.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M21),M21,NA()),IF($E$4=2,IF(ISNUMBER(M22),M22,NA()),NA()))","v":{"v":85,"d":"85.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N21),N21,NA()),IF($E$4=2,IF(ISNUMBER(N22),N22,NA()),NA()))","v":{"v":85,"d":"85.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O21),O21,NA()),IF($E$4=2,IF(ISNUMBER(O22),O22,NA()),NA()))","v":{"v":84,"d":"84.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P21),P21,NA()),IF($E$4=2,IF(ISNUMBER(P22),P22,NA()),NA()))","v":{"v":84,"d":"84.0"}}]
[null,null,"Base",{"$nulls":9},{"v":85,"d":"85.0"},{"v":85,"d":"85.0"},{"v":84,"d":"84.0"},{"v":84,"d":"84.0"}]
[null,null,"Downside",{"$nulls":9},{"v":90,"d":"90.0"},{"v":92,"d":"92.0"},{"v":92,"d":"92.0"},{"v":94,"d":"94.0"}]
[null,null,"Client media spend administered — active",null,{"$f":"'Source inputs'!E13","v":{"v":180000,"d":"€180,000"}},{"$f":"'Source inputs'!F13","v":{"v":190000,"d":"€190,000"}},{"$f":"'Source inputs'!G13","v":{"v":195000,"d":"€195,000"}},{"$f":"'Source inputs'!H13","v":{"v":205000,"d":"€205,000"}},{"$f":"'Source inputs'!I13","v":{"v":210000,"d":"€210,000"}},{"$f":"'Source inputs'!J13","v":{"v":235000,"d":"€235,000"}},{"$f":"'Source inputs'!K13","v":{"v":245000,"d":"€245,000"}},{"$f":"'Source inputs'!L13","v":{"v":265000,"d":"€265,000"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M24),M24,NA()),IF($E$4=2,IF(ISNUMBER(M25),M25,NA()),NA()))","v":{"v":285000,"d":"€285,000"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N24),N24,NA()),IF($E$4=2,IF(ISNUMBER(N25),N25,NA()),NA()))","v":{"v":300000,"d":"€300,000"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O24),O24,NA()),IF($E$4=2,IF(ISNUMBER(O25),O25,NA()),NA()))","v":{"v":335000,"d":"€335,000"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P24),P24,NA()),IF($E$4=2,IF(ISNUMBER(P25),P25,NA()),NA()))","v":{"v":320000,"d":"€320,000"}}]
[null,null,"Base",{"$nulls":9},{"v":285000,"d":"€285,000"},{"v":300000,"d":"€300,000"},{"v":335000,"d":"€335,000"},{"v":320000,"d":"€320,000"}]
[null,null,"Downside",{"$nulls":9},{"v":250000,"d":"€250,000"},{"v":240000,"d":"€240,000"},{"v":240000,"d":"€240,000"},{"v":225000,"d":"€225,000"}]
[null,null,"Paid delivery FTE — active",null,{"$f":"'Source inputs'!E14","v":{"v":12,"d":"12.0"}},{"$f":"'Source inputs'!F14","v":{"v":12,"d":"12.0"}},{"$f":"'Source inputs'!G14","v":{"v":13,"d":"13.0"}},{"$f":"'Source inputs'!H14","v":{"v":13,"d":"13.0"}},{"$f":"'Source inputs'!I14","v":{"v":13,"d":"13.0"}},{"$f":"'Source inputs'!J14","v":{"v":14,"d":"14.0"}},{"$f":"'Source inputs'!K14","v":{"v":14,"d":"14.0"}},{"$f":"'Source inputs'!L14","v":{"v":14,"d":"14.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M27),M27,NA()),IF($E$4=2,IF(ISNUMBER(M28),M28,NA()),NA()))","v":{"v":14,"d":"14.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N27),N27,NA()),IF($E$4=2,IF(ISNUMBER(N28),N28,NA()),NA()))","v":{"v":14,"d":"14.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O27),O27,NA()),IF($E$4=2,IF(ISNUMBER(O28),O28,NA()),NA()))","v":{"v":15,"d":"15.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P27),P27,NA()),IF($E$4=2,IF(ISNUMBER(P28),P28,NA()),NA()))","v":{"v":15,"d":"15.0"}}]
[null,null,"Base",{"$nulls":9},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":15,"d":"15.0"},{"v":15,"d":"15.0"}]
[null,null,"Downside",{"$nulls":9},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"}]
[null,null,"Loaded monthly pay per FTE — active",null,{"$f":"'Source inputs'!E15","v":{"v":4700,"d":"€4,700"}},{"$f":"'Source inputs'!F15","v":{"v":4700,"d":"€4,700"}},{"$f":"'Source inputs'!G15","v":{"v":4750,"d":"€4,750"}},{"$f":"'Source inputs'!H15","v":{"v":4750,"d":"€4,750"}},{"$f":"'Source inputs'!I15","v":{"v":4800,"d":"€4,800"}},{"$f":"'Source inputs'!J15","v":{"v":4800,"d":"€4,800"}},{"$f":"'Source inputs'!K15","v":{"v":4900,"d":"€4,900"}},{"$f":"'Source inputs'!L15","v":{"v":4900,"d":"€4,900"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M30),M30,NA()),IF($E$4=2,IF(ISNUMBER(M31),M31,NA()),NA()))","v":{"v":4900,"d":"€4,900"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N30),N30,NA()),IF($E$4=2,IF(ISNUMBER(N31),N31,NA()),NA()))","v":{"v":4950,"d":"€4,950"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O30),O30,NA()),IF($E$4=2,IF(ISNUMBER(O31),O31,NA()),NA()))","v":{"v":4950,"d":"€4,950"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P30),P30,NA()),IF($E$4=2,IF(ISNUMBER(P31),P31,NA()),NA()))","v":{"v":5000,"d":"€5,000"}}]
[null,null,"Base",{"$nulls":9},{"v":4900,"d":"€4,900"},{"v":4950,"d":"€4,950"},{"v":4950,"d":"€4,950"},{"v":5000,"d":"€5,000"}]
[null,null,"Downside",{"$nulls":9},{"v":4900,"d":"€4,900"},{"v":4950,"d":"€4,950"},{"v":4950,"d":"€4,950"},{"v":5000,"d":"€5,000"}]
[null,null,"Subcontractor hours — active",null,{"$f":"'Source inputs'!E16","v":{"v":135,"d":"135.0"}},{"$f":"'Source inputs'!F16","v":{"v":140,"d":"140.0"}},{"$f":"'Source inputs'!G16","v":{"v":155,"d":"155.0"}},{"$f":"'Source inputs'!H16","v":{"v":160,"d":"160.0"}},{"$f":"'Source inputs'!I16","v":{"v":170,"d":"170.0"}},{"$f":"'Source inputs'!J16","v":{"v":180,"d":"180.0"}},{"$f":"'Source inputs'!K16","v":{"v":195,"d":"195.0"}},{"$f":"'Source inputs'!L16","v":{"v":200,"d":"200.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M33),M33,NA()),IF($E$4=2,IF(ISNUMBER(M34),M34,NA()),NA()))","v":{"v":170,"d":"170.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N33),N33,NA()),IF($E$4=2,IF(ISNUMBER(N34),N34,NA()),NA()))","v":{"v":175,"d":"175.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O33),O33,NA()),IF($E$4=2,IF(ISNUMBER(O34),O34,NA()),NA()))","v":{"v":180,"d":"180.0"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P33),P33,NA()),IF($E$4=2,IF(ISNUMBER(P34),P34,NA()),NA()))","v":{"v":160,"d":"160.0"}}]
[null,null,"Base",{"$nulls":9},{"v":170,"d":"170.0"},{"v":175,"d":"175.0"},{"v":180,"d":"180.0"},{"v":160,"d":"160.0"}]
[null,null,"Downside",{"$nulls":9},{"v":210,"d":"210.0"},{"v":200,"d":"200.0"},{"v":190,"d":"190.0"},{"v":185,"d":"185.0"}]
[null,null,"Subcontractor hourly rate — active",null,{"$f":"'Source inputs'!E17","v":{"v":70,"d":"€70"}},{"$f":"'Source inputs'!F17","v":{"v":70,"d":"€70"}},{"$f":"'Source inputs'!G17","v":{"v":72,"d":"€72"}},{"$f":"'Source inputs'!H17","v":{"v":72,"d":"€72"}},{"$f":"'Source inputs'!I17","v":{"v":74,"d":"€74"}},{"$f":"'Source inputs'!J17","v":{"v":74,"d":"€74"}},{"$f":"'Source inputs'!K17","v":{"v":75,"d":"€75"}},{"$f":"'Source inputs'!L17","v":{"v":75,"d":"€75"}},{"$f":"IF($E$4=1,IF(ISNUMBER(M36),M36,NA()),IF($E$4=2,IF(ISNUMBER(M37),M37,NA()),NA()))","v":{"v":78,"d":"€78"}},{"$f":"IF($E$4=1,IF(ISNUMBER(N36),N36,NA()),IF($E$4=2,IF(ISNUMBER(N37),N37,NA()),NA()))","v":{"v":78,"d":"€78"}},{"$f":"IF($E$4=1,IF(ISNUMBER(O36),O36,NA()),IF($E$4=2,IF(ISNUMBER(O37),O37,NA()),NA()))","v":{"v":80,"d":"€80"}},{"$f":"IF($E$4=1,IF(ISNUMBER(P36),P36,NA()),IF($E$4=2,IF(ISNUMBER(P37),P37,NA()),NA()))","v":{"v":80,"d":"€80"}}]
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[null,null,"Downside",{"$nulls":9},{"v":82,"d":"€82"},{"v":82,"d":"€82"},{"v":85,"d":"€85"},{"v":85,"d":"€85"}]
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[null,null,"Recurring fees",null,{"$f":"'Operating model'!E8","v":{"v":62000,"d":"€62,000"}},{"$f":"'Operating model'!F8","v":{"v":62500,"d":"€62,500"}},{"$f":"'Operating model'!G8","v":{"v":68750,"d":"€68,750"}},{"$f":"'Operating model'!H8","v":{"v":70400,"d":"€70,400"}},{"$f":"'Operating model'!I8","v":{"v":70400,"d":"€70,400"}},{"$f":"'Operating model'!J8","v":{"v":78000,"d":"€78,000"}},{"$f":"'Operating model'!K8","v":{"v":78000,"d":"€78,000"}},{"$f":"'Operating model'!L8","v":{"v":78000,"d":"€78,000"}},{"$f":"'Operating model'!M8","v":{"v":86450,"d":"€86,450"}},{"$f":"'Operating model'!N8","v":{"v":87100,"d":"€87,100"}},{"$f":"'Operating model'!O8","v":{"v":93800,"d":"€93,800"}},{"$f":"'Operating model'!P8","v":{"v":95900,"d":"€95,900"}}]
[null,null,"Project fees",null,{"$f":"'Operating model'!E9","v":{"v":69000,"d":"€69,000"}},{"$f":"'Operating model'!F9","v":{"v":71875,"d":"€71,875"}},{"$f":"'Operating model'!G9","v":{"v":71980,"d":"€71,980"}},{"$f":"'Operating model'!H9","v":{"v":76110,"d":"€76,110"}},{"$f":"'Operating model'!I9","v":{"v":80400,"d":"€80,400"}},{"$f":"'Operating model'!J9","v":{"v":75600,"d":"€75,600"}},{"$f":"'Operating model'!K9","v":{"v":82800,"d":"€82,800"}},{"$f":"'Operating model'!L9","v":{"v":78000,"d":"€78,000"}},{"$f":"'Operating model'!M9","v":{"v":88750,"d":"€88,750"}},{"$f":"'Operating model'!N9","v":{"v":93750,"d":"€93,750"}},{"$f":"'Operating model'!O9","v":{"v":100100,"d":"€100,100"}},{"$f":"'Operating model'!P9","v":{"v":88400,"d":"€88,400"}}]
[null,null,"Hardware resale revenue",null,{"$f":"'Operating model'!E10","v":0},{"$f":"'Operating model'!F10","v":0},{"$f":"'Operating model'!G10","v":0},{"$f":"'Operating model'!H10","v":0},{"$f":"'Operating model'!I10","v":0},{"$f":"'Operating model'!J10","v":0},{"$f":"'Operating model'!K10","v":0},{"$f":"'Operating model'!L10","v":0},{"$f":"'Operating model'!M10","v":0},{"$f":"'Operating model'!N10","v":0},{"$f":"'Operating model'!O10","v":0},{"$f":"'Operating model'!P10","v":0}]
[null,null,"Licence resale revenue",null,{"$f":"'Operating model'!E11","v":0},{"$f":"'Operating model'!F11","v":0},{"$f":"'Operating model'!G11","v":0},{"$f":"'Operating model'!H11","v":0},{"$f":"'Operating model'!I11","v":0},{"$f":"'Operating model'!J11","v":0},{"$f":"'Operating model'!K11","v":0},{"$f":"'Operating model'!L11","v":0},{"$f":"'Operating model'!M11","v":0},{"$f":"'Operating model'!N11","v":0},{"$f":"'Operating model'!O11","v":0},{"$f":"'Operating model'!P11","v":0}]
[null,null,"Revenue",null,{"$f":"'Operating model'!E19","v":{"v":131000,"d":"€131,000"}},{"$f":"'Operating model'!F19","v":{"v":134375,"d":"€134,375"}},{"$f":"'Operating model'!G19","v":{"v":140730,"d":"€140,730"}},{"$f":"'Operating model'!H19","v":{"v":146510,"d":"€146,510"}},{"$f":"'Operating model'!I19","v":{"v":150800,"d":"€150,800"}},{"$f":"'Operating model'!J19","v":{"v":153600,"d":"€153,600"}},{"$f":"'Operating model'!K19","v":{"v":160800,"d":"€160,800"}},{"$f":"'Operating model'!L19","v":{"v":156000,"d":"€156,000"}},{"$f":"'Operating model'!M19","v":{"v":175200,"d":"€175,200"}},{"$f":"'Operating model'!N19","v":{"v":180850,"d":"€180,850"}},{"$f":"'Operating model'!O19","v":{"v":193900,"d":"€193,900"}},{"$f":"'Operating model'!P19","v":{"v":184300,"d":"€184,300"}}]
[null,null,"Delivery payroll",null,{"$f":"'Operating model'!E16","v":{"v":56400,"d":"€56,400"}},{"$f":"'Operating model'!F16","v":{"v":56400,"d":"€56,400"}},{"$f":"'Operating model'!G16","v":{"v":61750,"d":"€61,750"}},{"$f":"'Operating model'!H16","v":{"v":61750,"d":"€61,750"}},{"$f":"'Operating model'!I16","v":{"v":62400,"d":"€62,400"}},{"$f":"'Operating model'!J16","v":{"v":67200,"d":"€67,200"}},{"$f":"'Operating model'!K16","v":{"v":68600,"d":"€68,600"}},{"$f":"'Operating model'!L16","v":{"v":68600,"d":"€68,600"}},{"$f":"'Operating model'!M16","v":{"v":68600,"d":"€68,600"}},{"$f":"'Operating model'!N16","v":{"v":69300,"d":"€69,300"}},{"$f":"'Operating model'!O16","v":{"v":74250,"d":"€74,250"}},{"$f":"'Operating model'!P16","v":{"v":75000,"d":"€75,000"}}]
[null,null,"Subcontractors",null,{"$f":"'Operating model'!E17","v":{"v":9450,"d":"€9,450"}},{"$f":"'Operating model'!F17","v":{"v":9800,"d":"€9,800"}},{"$f":"'Operating model'!G17","v":{"v":11160,"d":"€11,160"}},{"$f":"'Operating model'!H17","v":{"v":11520,"d":"€11,520"}},{"$f":"'Operating model'!I17","v":{"v":12580,"d":"€12,580"}},{"$f":"'Operating model'!J17","v":{"v":13320,"d":"€13,320"}},{"$f":"'Operating model'!K17","v":{"v":14625,"d":"€14,625"}},{"$f":"'Operating model'!L17","v":{"v":15000,"d":"€15,000"}},{"$f":"'Operating model'!M17","v":{"v":13260,"d":"€13,260"}},{"$f":"'Operating model'!N17","v":{"v":13650,"d":"€13,650"}},{"$f":"'Operating model'!O17","v":{"v":14400,"d":"€14,400"}},{"$f":"'Operating model'!P17","v":{"v":12800,"d":"€12,800"}}]
[null,null,"Delivery software",null,{"$f":"'Operating model'!E18","v":{"v":5500,"d":"€5,500"}},{"$f":"'Operating model'!F18","v":{"v":5500,"d":"€5,500"}},{"$f":"'Operating model'!G18","v":{"v":5800,"d":"€5,800"}},{"$f":"'Operating model'!H18","v":{"v":5800,"d":"€5,800"}},{"$f":"'Operating model'!I18","v":{"v":6000,"d":"€6,000"}},{"$f":"'Operating model'!J18","v":{"v":6200,"d":"€6,200"}},{"$f":"'Operating model'!K18","v":{"v":6500,"d":"€6,500"}},{"$f":"'Operating model'!L18","v":{"v":6500,"d":"€6,500"}},{"$f":"'Operating model'!M18","v":{"v":6800,"d":"€6,800"}},{"$f":"'Operating model'!N18","v":{"v":6800,"d":"€6,800"}},{"$f":"'Operating model'!O18","v":{"v":7200,"d":"€7,200"}},{"$f":"'Operating model'!P18","v":{"v":7200,"d":"€7,200"}}]
[null,null,"Hardware supplier cost",null,{"$f":"'Operating model'!E12","v":0},{"$f":"'Operating model'!F12","v":0},{"$f":"'Operating model'!G12","v":0},{"$f":"'Operating model'!H12","v":0},{"$f":"'Operating model'!I12","v":0},{"$f":"'Operating model'!J12","v":0},{"$f":"'Operating model'!K12","v":0},{"$f":"'Operating model'!L12","v":0},{"$f":"'Operating model'!M12","v":0},{"$f":"'Operating model'!N12","v":0},{"$f":"'Operating model'!O12","v":0},{"$f":"'Operating model'!P12","v":0}]
[null,null,"Licence supplier cost",null,{"$f":"'Operating model'!E13","v":0},{"$f":"'Operating model'!F13","v":0},{"$f":"'Operating model'!G13","v":0},{"$f":"'Operating model'!H13","v":0},{"$f":"'Operating model'!I13","v":0},{"$f":"'Operating model'!J13","v":0},{"$f":"'Operating model'!K13","v":0},{"$f":"'Operating model'!L13","v":0},{"$f":"'Operating model'!M13","v":0},{"$f":"'Operating model'!N13","v":0},{"$f":"'Operating model'!O13","v":0},{"$f":"'Operating model'!P13","v":0}]
[null,null,"Direct costs",null,{"$f":"'Operating model'!E20","v":{"v":71350,"d":"€71,350"}},{"$f":"'Operating model'!F20","v":{"v":71700,"d":"€71,700"}},{"$f":"'Operating model'!G20","v":{"v":78710,"d":"€78,710"}},{"$f":"'Operating model'!H20","v":{"v":79070,"d":"€79,070"}},{"$f":"'Operating model'!I20","v":{"v":80980,"d":"€80,980"}},{"$f":"'Operating model'!J20","v":{"v":86720,"d":"€86,720"}},{"$f":"'Operating model'!K20","v":{"v":89725,"d":"€89,725"}},{"$f":"'Operating model'!L20","v":{"v":90100,"d":"€90,100"}},{"$f":"'Operating model'!M20","v":{"v":88660,"d":"€88,660"}},{"$f":"'Operating model'!N20","v":{"v":89750,"d":"€89,750"}},{"$f":"'Operating model'!O20","v":{"v":95850,"d":"€95,850"}},{"$f":"'Operating model'!P20","v":{"v":95000,"d":"€95,000"}}]
[null,null,"Gross profit",null,{"$f":"'Operating model'!E21","v":{"v":59650,"d":"€59,650"}},{"$f":"'Operating model'!F21","v":{"v":62675,"d":"€62,675"}},{"$f":"'Operating model'!G21","v":{"v":62020,"d":"€62,020"}},{"$f":"'Operating model'!H21","v":{"v":67440,"d":"€67,440"}},{"$f":"'Operating model'!I21","v":{"v":69820,"d":"€69,820"}},{"$f":"'Operating model'!J21","v":{"v":66880,"d":"€66,880"}},{"$f":"'Operating model'!K21","v":{"v":71075,"d":"€71,075"}},{"$f":"'Operating model'!L21","v":{"v":65900,"d":"€65,900"}},{"$f":"'Operating model'!M21","v":{"v":86540,"d":"€86,540"}},{"$f":"'Operating model'!N21","v":{"v":91100,"d":"€91,100"}},{"$f":"'Operating model'!O21","v":{"v":98050,"d":"€98,050"}},{"$f":"'Operating model'!P21","v":{"v":89300,"d":"€89,300"}}]
[null,null,"Gross margin",null,{"$f":"'Operating model'!E22","v":{"v":0.45534351145038165,"d":"45.5%"}},{"$f":"'Operating model'!F22","v":{"v":0.4664186046511628,"d":"46.6%"}},{"$f":"'Operating model'!G22","v":{"v":0.44070205357777303,"d":"44.1%"}},{"$f":"'Operating model'!H22","v":{"v":0.4603098764589448,"d":"46.0%"}},{"$f":"'Operating model'!I22","v":{"v":0.4629973474801061,"d":"46.3%"}},{"$f":"'Operating model'!J22","v":{"v":0.4354166666666667,"d":"43.5%"}},{"$f":"'Operating model'!K22","v":{"v":0.4420087064676617,"d":"44.2%"}},{"$f":"'Operating model'!L22","v":{"v":0.42243589743589743,"d":"42.2%"}},{"$f":"'Operating model'!M22","v":{"v":0.4939497716894977,"d":"49.4%"}},{"$f":"'Operating model'!N22","v":{"v":0.5037323748963229,"d":"50.4%"}},{"$f":"'Operating model'!O22","v":{"v":0.5056730273336771,"d":"50.6%"}},{"$f":"'Operating model'!P22","v":{"v":0.4845360824742268,"d":"48.5%"}}]
[null,null,"Operating expenses",null,{"$f":"'Operating model'!E23","v":{"v":44000,"d":"€44,000"}},{"$f":"'Operating model'!F23","v":{"v":44500,"d":"€44,500"}},{"$f":"'Operating model'!G23","v":{"v":45500,"d":"€45,500"}},{"$f":"'Operating model'!H23","v":{"v":45900,"d":"€45,900"}},{"$f":"'Operating model'!I23","v":{"v":46700,"d":"€46,700"}},{"$f":"'Operating model'!J23","v":{"v":48200,"d":"€48,200"}},{"$f":"'Operating model'!K23","v":{"v":50500,"d":"€50,500"}},{"$f":"'Operating model'!L23","v":{"v":50500,"d":"€50,500"}},{"$f":"'Operating model'!M23","v":{"v":50000,"d":"€50,000"}},{"$f":"'Operating model'!N23","v":{"v":51000,"d":"€51,000"}},{"$f":"'Operating model'!O23","v":{"v":53800,"d":"€53,800"}},{"$f":"'Operating model'!P23","v":{"v":52800,"d":"€52,800"}}]
[null,null,"EBITDA",null,{"$f":"'Operating model'!E24","v":{"v":15650,"d":"€15,650"}},{"$f":"'Operating model'!F24","v":{"v":18175,"d":"€18,175"}},{"$f":"'Operating model'!G24","v":{"v":16520,"d":"€16,520"}},{"$f":"'Operating model'!H24","v":{"v":21540,"d":"€21,540"}},{"$f":"'Operating model'!I24","v":{"v":23120,"d":"€23,120"}},{"$f":"'Operating model'!J24","v":{"v":18680,"d":"€18,680"}},{"$f":"'Operating model'!K24","v":{"v":20575,"d":"€20,575"}},{"$f":"'Operating model'!L24","v":{"v":15400,"d":"€15,400"}},{"$f":"'Operating model'!M24","v":{"v":36540,"d":"€36,540"}},{"$f":"'Operating model'!N24","v":{"v":40100,"d":"€40,100"}},{"$f":"'Operating model'!O24","v":{"v":44250,"d":"€44,250"}},{"$f":"'Operating model'!P24","v":{"v":36500,"d":"€36,500"}}]
[null,null,"Depreciation",null,{"$f":"'Assets debt tax'!E12","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"'Assets debt tax'!F12","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"'Assets debt tax'!G12","v":{"v":2300,"d":"€2,300"}},{"$f":"'Assets debt tax'!H12","v":{"v":2300,"d":"€2,300"}},{"$f":"'Assets debt tax'!I12","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"'Assets debt tax'!J12","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"'Assets debt tax'!K12","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"'Assets debt tax'!L12","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"'Assets debt tax'!M12","v":{"v":3744.4444444444443,"d":"€3,744"}},{"$f":"'Assets debt tax'!N12","v":{"v":3966.6666666666665,"d":"€3,967"}},{"$f":"'Assets debt tax'!O12","v":{"v":4133.333333333334,"d":"€4,133"}},{"$f":"'Assets debt tax'!P12","v":{"v":4300,"d":"€4,300"}}]
[null,null,"Interest",null,{"$f":"'Assets debt tax'!E18","v":{"v":650,"d":"€650"}},{"$f":"'Assets debt tax'!F18","v":{"v":628.3333333333334,"d":"€628"}},{"$f":"'Assets debt tax'!G18","v":{"v":606.6666666666666,"d":"€607"}},{"$f":"'Assets debt tax'!H18","v":{"v":585,"d":"€585"}},{"$f":"'Assets debt tax'!I18","v":{"v":563.3333333333334,"d":"€563"}},{"$f":"'Assets debt tax'!J18","v":{"v":541.6666666666666,"d":"€542"}},{"$f":"'Assets debt tax'!K18","v":{"v":520,"d":"€520"}},{"$f":"'Assets debt tax'!L18","v":{"v":498.3333333333333,"d":"€498"}},{"$f":"'Assets debt tax'!M18","v":{"v":476.6666666666667,"d":"€477"}},{"$f":"'Assets debt tax'!N18","v":{"v":455,"d":"€455"}},{"$f":"'Assets debt tax'!O18","v":{"v":433.3333333333333,"d":"€433"}},{"$f":"'Assets debt tax'!P18","v":{"v":411.6666666666667,"d":"€412"}}]
[null,null,"Profit before tax",null,{"$f":"E22-E23-E24","v":{"v":13033.333333333334,"d":"€13,033"}},{"$f":"F22-F23-F24","v":{"v":15580,"d":"€15,580"}},{"$f":"G22-G23-G24","v":{"v":13613.333333333334,"d":"€13,613"}},{"$f":"H22-H23-H24","v":{"v":18655,"d":"€18,655"}},{"$f":"I22-I23-I24","v":{"v":20090,"d":"€20,090"}},{"$f":"J22-J23-J24","v":{"v":15671.666666666668,"d":"€15,672"}},{"$f":"K22-K23-K24","v":{"v":17199.444444444445,"d":"€17,199"}},{"$f":"L22-L23-L24","v":{"v":12046.111111111111,"d":"€12,046"}},{"$f":"M22-M23-M24","v":{"v":32318.888888888887,"d":"€32,319"}},{"$f":"N22-N23-N24","v":{"v":35678.333333333336,"d":"€35,678"}},{"$f":"O22-O23-O24","v":{"v":39683.33333333333,"d":"€39,683"}},{"$f":"P22-P23-P24","v":{"v":31788.333333333332,"d":"€31,788"}}]
[null,null,"Illustrative tax",null,{"$f":"MAX(0,E25)*0.2","v":{"v":2606.666666666667,"d":"€2,607"}},{"$f":"MAX(0,F25)*0.2","v":{"v":3116,"d":"€3,116"}},{"$f":"MAX(0,G25)*0.2","v":{"v":2722.666666666667,"d":"€2,723"}},{"$f":"MAX(0,H25)*0.2","v":{"v":3731,"d":"€3,731"}},{"$f":"MAX(0,I25)*0.2","v":{"v":4018,"d":"€4,018"}},{"$f":"MAX(0,J25)*0.2","v":{"v":3134.333333333334,"d":"€3,134"}},{"$f":"MAX(0,K25)*0.2","v":{"v":3439.888888888889,"d":"€3,440"}},{"$f":"MAX(0,L25)*0.2","v":{"v":2409.222222222222,"d":"€2,409"}},{"$f":"MAX(0,M25)*0.2","v":{"v":6463.777777777777,"d":"€6,464"}},{"$f":"MAX(0,N25)*0.2","v":{"v":7135.666666666668,"d":"€7,136"}},{"$f":"MAX(0,O25)*0.2","v":{"v":7936.666666666666,"d":"€7,937"}},{"$f":"MAX(0,P25)*0.2","v":{"v":6357.666666666667,"d":"€6,358"}}]
[null,null,"Net profit",null,{"$f":"E25-E26","v":{"v":10426.666666666668,"d":"€10,427"}},{"$f":"F25-F26","v":{"v":12464,"d":"€12,464"}},{"$f":"G25-G26","v":{"v":10890.666666666668,"d":"€10,891"}},{"$f":"H25-H26","v":{"v":14924,"d":"€14,924"}},{"$f":"I25-I26","v":{"v":16072,"d":"€16,072"}},{"$f":"J25-J26","v":{"v":12537.333333333334,"d":"€12,537"}},{"$f":"K25-K26","v":{"v":13759.555555555557,"d":"€13,760"}},{"$f":"L25-L26","v":{"v":9636.888888888889,"d":"€9,637"}},{"$f":"M25-M26","v":{"v":25855.11111111111,"d":"€25,855"}},{"$f":"N25-N26","v":{"v":28542.666666666668,"d":"€28,543"}},{"$f":"O25-O26","v":{"v":31746.666666666664,"d":"€31,747"}},{"$f":"P25-P26","v":{"v":25430.666666666664,"d":"€25,431"}}]
[]
[]
[]
[null,null,"Revenue variance versus original budget",null,{"$f":"E12-'Original budget'!E12","v":{"v":-9830,"d":"(€9,830)"}},{"$f":"F12-'Original budget'!F12","v":{"v":-10187.5,"d":"(€10,188)"}},{"$f":"G12-'Original budget'!G12","v":{"v":-10356.349999999977,"d":"(€10,356)"}},{"$f":"H12-'Original budget'!H12","v":{"v":-10893.200000000012,"d":"(€10,893)"}},{"$f":"I12-'Original budget'!I12","v":{"v":-11408,"d":"(€11,408)"}},{"$f":"J12-'Original budget'!J12","v":{"v":-11022,"d":"(€11,022)"}},{"$f":"K12-'Original budget'!K12","v":{"v":-11886,"d":"(€11,886)"}},{"$f":"L12-'Original budget'!L12","v":{"v":-11310,"d":"(€11,310)"}},{"$f":"M12-'Original budget'!M12","v":0},{"$f":"N12-'Original budget'!N12","v":0},{"$f":"O12-'Original budget'!O12","v":0},{"$f":"P12-'Original budget'!P12","v":0}]
[null,null,"EBITDA variance versus original budget",null,{"$f":"E22-'Original budget'!E22","v":{"v":-9830,"d":"(€9,830)"}},{"$f":"F22-'Original budget'!F22","v":{"v":-10187.5,"d":"(€10,188)"}},{"$f":"G22-'Original budget'!G22","v":{"v":-10356.349999999977,"d":"(€10,356)"}},{"$f":"H22-'Original budget'!H22","v":{"v":-10893.200000000012,"d":"(€10,893)"}},{"$f":"I22-'Original budget'!I22","v":{"v":-11408,"d":"(€11,408)"}},{"$f":"J22-'Original budget'!J22","v":{"v":-11022,"d":"(€11,022)"}},{"$f":"K22-'Original budget'!K22","v":{"v":-11886,"d":"(€11,886)"}},{"$f":"L22-'Original budget'!L22","v":{"v":-11310,"d":"(€11,310)"}},{"$f":"M22-'Original budget'!M22","v":0},{"$f":"N22-'Original budget'!N22","v":0},{"$f":"O22-'Original budget'!O22","v":0},{"$f":"P22-'Original budget'!P22","v":0}]
[]
[]
[null,null,"Costs shown positive and deducted. Forecast starts September 2026."]

{"sheet":"Balance sheet","index":3,"n_rows":27,"n_cols":16,"rows_kept":27}
[]
[null,null,"Balance sheet"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Cash / (unfunded requirement)",null,{"$f":"'Cash flow'!E20","v":{"v":160140,"d":"€160,140"}},{"$f":"'Cash flow'!F20","v":{"v":164765.41666666666,"d":"€164,765"}},{"$f":"'Cash flow'!G20","v":{"v":148443.19999999998,"d":"€148,443"}},{"$f":"'Cash flow'!H20","v":{"v":154397.4,"d":"€154,397"}},{"$f":"'Cash flow'!I20","v":{"v":149659.66666666666,"d":"€149,660"}},{"$f":"'Cash flow'!J20","v":{"v":143190,"d":"€143,190"}},{"$f":"'Cash flow'!K20","v":{"v":130321,"d":"€130,321"}},{"$f":"'Cash flow'!L20","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"'Cash flow'!M20","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"'Cash flow'!N20","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"'Cash flow'!O20","v":{"v":165924.33333333337,"d":"€165,924"}},{"$f":"'Cash flow'!P20","v":{"v":200005.54838709685,"d":"€200,006"}}]
[null,null,"Accounts receivable",null,{"$f":"'Working capital'!E19","v":{"v":128000,"d":"€128,000"}},{"$f":"'Working capital'!F19","v":{"v":137000,"d":"€137,000"}},{"$f":"'Working capital'!G19","v":{"v":146000,"d":"€146,000"}},{"$f":"'Working capital'!H19","v":{"v":158000,"d":"€158,000"}},{"$f":"'Working capital'!I19","v":{"v":174000,"d":"€174,000"}},{"$f":"'Working capital'!J19","v":{"v":189000,"d":"€189,000"}},{"$f":"'Working capital'!K19","v":{"v":203000,"d":"€203,000"}},{"$f":"'Working capital'!L19","v":{"v":220000,"d":"€220,000"}},{"$f":"'Working capital'!M19","v":{"v":183880,"d":"€183,880"}},{"$f":"'Working capital'!N19","v":{"v":204185.48387096773,"d":"€204,185"}},{"$f":"'Working capital'!O19","v":{"v":219753.33333333334,"d":"€219,753"}},{"$f":"'Working capital'!P19","v":{"v":202135.48387096773,"d":"€202,135"}}]
[null,null,"Unbilled contract assets",null,{"$f":"'Working capital'!E9","v":{"v":9660.000000000002,"d":"€9,660"}},{"$f":"'Working capital'!F9","v":{"v":10781.25,"d":"€10,781"}},{"$f":"'Working capital'!G9","v":{"v":11516.800000000001,"d":"€11,517"}},{"$f":"'Working capital'!H9","v":{"v":12177.6,"d":"€12,178"}},{"$f":"'Working capital'!I9","v":{"v":14472,"d":"€14,472"}},{"$f":"'Working capital'!J9","v":{"v":15120,"d":"€15,120"}},{"$f":"'Working capital'!K9","v":{"v":19044,"d":"€19,044"}},{"$f":"'Working capital'!L9","v":{"v":19500,"d":"€19,500"}},{"$f":"'Working capital'!M9","v":{"v":14200,"d":"€14,200"}},{"$f":"'Working capital'!N9","v":{"v":14062.5,"d":"€14,063"}},{"$f":"'Working capital'!O9","v":{"v":14014.000000000002,"d":"€14,014"}},{"$f":"'Working capital'!P9","v":{"v":10608,"d":"€10,608"}}]
[null,null,"Net fixed assets",null,{"$f":"'Assets debt tax'!E14","v":{"v":65033.33333333333,"d":"€65,033"}},{"$f":"'Assets debt tax'!F14","v":{"v":63066.666666666664,"d":"€63,067"}},{"$f":"'Assets debt tax'!G14","v":{"v":72766.66666666666,"d":"€72,767"}},{"$f":"'Assets debt tax'!H14","v":{"v":70466.66666666666,"d":"€70,467"}},{"$f":"'Assets debt tax'!I14","v":{"v":74000,"d":"€74,000"}},{"$f":"'Assets debt tax'!J14","v":{"v":71533.33333333334,"d":"€71,533"}},{"$f":"'Assets debt tax'!K14","v":{"v":82677.77777777778,"d":"€82,678"}},{"$f":"'Assets debt tax'!L14","v":{"v":79822.22222222222,"d":"€79,822"}},{"$f":"'Assets debt tax'!M14","v":{"v":108077.77777777778,"d":"€108,078"}},{"$f":"'Assets debt tax'!N14","v":{"v":112111.11111111112,"d":"€112,111"}},{"$f":"'Assets debt tax'!O14","v":{"v":113977.77777777778,"d":"€113,978"}},{"$f":"'Assets debt tax'!P14","v":{"v":115677.77777777778,"d":"€115,678"}}]
[null,null,"Current tax prepayment",null,{"$f":"MAX(0,-'Assets debt tax'!E23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!F23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!G23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!H23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!I23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!J23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!K23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!L23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!M23)","v":{"v":1358.4444444444416,"d":"€1,358"}},{"$f":"MAX(0,-'Assets debt tax'!N23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!O23)","v":0},{"$f":"MAX(0,-'Assets debt tax'!P23)","v":0}]
[null,null,"Total assets",null,{"$f":"SUM(E8:E12)","v":{"v":362833.3333333333,"d":"€362,833"}},{"$f":"SUM(F8:F12)","v":{"v":375613.3333333333,"d":"€375,613"}},{"$f":"SUM(G8:G12)","v":{"v":378726.6666666666,"d":"€378,727"}},{"$f":"SUM(H8:H12)","v":{"v":395041.6666666666,"d":"€395,042"}},{"$f":"SUM(I8:I12)","v":{"v":412131.6666666666,"d":"€412,132"}},{"$f":"SUM(J8:J12)","v":{"v":418843.3333333334,"d":"€418,843"}},{"$f":"SUM(K8:K12)","v":{"v":435042.77777777775,"d":"€435,043"}},{"$f":"SUM(L8:L12)","v":{"v":447088.8888888889,"d":"€447,089"}},{"$f":"SUM(M8:M12)","v":{"v":443442.88888888893,"d":"€443,443"}},{"$f":"SUM(N8:N12)","v":{"v":473798.04659498215,"d":"€473,798"}},{"$f":"SUM(O8:O12)","v":{"v":513669.4444444445,"d":"€513,669"}},{"$f":"SUM(P8:P12)","v":{"v":528426.8100358424,"d":"€528,427"}}]
[null,null,"Accounts payable",null,{"$f":"'Working capital'!E26","v":{"v":31000,"d":"€31,000"}},{"$f":"'Working capital'!F26","v":{"v":32000,"d":"€32,000"}},{"$f":"'Working capital'!G26","v":{"v":35000,"d":"€35,000"}},{"$f":"'Working capital'!H26","v":{"v":36000,"d":"€36,000"}},{"$f":"'Working capital'!I26","v":{"v":37000,"d":"€37,000"}},{"$f":"'Working capital'!J26","v":{"v":39000,"d":"€39,000"}},{"$f":"'Working capital'!K26","v":{"v":42000,"d":"€42,000"}},{"$f":"'Working capital'!L26","v":{"v":46000,"d":"€46,000"}},{"$f":"'Working capital'!M26","v":{"v":27296.666666666668,"d":"€27,297"}},{"$f":"'Working capital'!N26","v":{"v":27071.935483870966,"d":"€27,072"}},{"$f":"'Working capital'!O26","v":{"v":28580,"d":"€28,580"}},{"$f":"'Working capital'!P26","v":{"v":26709.032258064515,"d":"€26,709"}}]
[null,null,"Payroll accruals",null,{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}},{"$f":"'Source inputs'!$E$55","v":{"v":18000,"d":"€18,000"}}]
[null,null,"Advance contract billings",null,{"$f":"'Working capital'!E11","v":{"v":24800,"d":"€24,800"}},{"$f":"'Working capital'!F11","v":{"v":25000,"d":"€25,000"}},{"$f":"'Working capital'!G11","v":{"v":27500,"d":"€27,500"}},{"$f":"'Working capital'!H11","v":{"v":28160,"d":"€28,160"}},{"$f":"'Working capital'!I11","v":{"v":28160,"d":"€28,160"}},{"$f":"'Working capital'!J11","v":{"v":31200,"d":"€31,200"}},{"$f":"'Working capital'!K11","v":{"v":31200,"d":"€31,200"}},{"$f":"'Working capital'!L11","v":{"v":31200,"d":"€31,200"}},{"$f":"'Working capital'!M11","v":{"v":34580,"d":"€34,580"}},{"$f":"'Working capital'!N11","v":{"v":34840,"d":"€34,840"}},{"$f":"'Working capital'!O11","v":{"v":37520,"d":"€37,520"}},{"$f":"'Working capital'!P11","v":{"v":38360,"d":"€38,360"}}]
[null,null,"Current tax payable",null,{"$f":"MAX(0,'Assets debt tax'!E23)","v":{"v":9606.666666666668,"d":"€9,607"}},{"$f":"MAX(0,'Assets debt tax'!F23)","v":{"v":12722.666666666668,"d":"€12,723"}},{"$f":"MAX(0,'Assets debt tax'!G23)","v":{"v":3445.3333333333358,"d":"€3,445"}},{"$f":"MAX(0,'Assets debt tax'!H23)","v":{"v":7176.333333333336,"d":"€7,176"}},{"$f":"MAX(0,'Assets debt tax'!I23)","v":{"v":11194.333333333336,"d":"€11,194"}},{"$f":"MAX(0,'Assets debt tax'!J23)","v":{"v":4328.66666666667,"d":"€4,329"}},{"$f":"MAX(0,'Assets debt tax'!K23)","v":{"v":7768.555555555558,"d":"€7,769"}},{"$f":"MAX(0,'Assets debt tax'!L23)","v":{"v":10177.777777777781,"d":"€10,178"}},{"$f":"MAX(0,'Assets debt tax'!M23)","v":0},{"$f":"MAX(0,'Assets debt tax'!N23)","v":{"v":5777.222222222226,"d":"€5,777"}},{"$f":"MAX(0,'Assets debt tax'!O23)","v":{"v":13713.888888888892,"d":"€13,714"}},{"$f":"MAX(0,'Assets debt tax'!P23)","v":{"v":8071.555555555558,"d":"€8,072"}}]
[null,null,"Debt",null,{"$f":"'Assets debt tax'!E17","v":{"v":116000,"d":"€116,000"}},{"$f":"'Assets debt tax'!F17","v":{"v":112000,"d":"€112,000"}},{"$f":"'Assets debt tax'!G17","v":{"v":108000,"d":"€108,000"}},{"$f":"'Assets debt tax'!H17","v":{"v":104000,"d":"€104,000"}},{"$f":"'Assets debt tax'!I17","v":{"v":100000,"d":"€100,000"}},{"$f":"'Assets debt tax'!J17","v":{"v":96000,"d":"€96,000"}},{"$f":"'Assets debt tax'!K17","v":{"v":92000,"d":"€92,000"}},{"$f":"'Assets debt tax'!L17","v":{"v":88000,"d":"€88,000"}},{"$f":"'Assets debt tax'!M17","v":{"v":84000,"d":"€84,000"}},{"$f":"'Assets debt tax'!N17","v":{"v":80000,"d":"€80,000"}},{"$f":"'Assets debt tax'!O17","v":{"v":76000,"d":"€76,000"}},{"$f":"'Assets debt tax'!P17","v":{"v":72000,"d":"€72,000"}}]
[null,null,"Total liabilities",null,{"$f":"SUM(E14:E18)","v":{"v":199406.6666666667,"d":"€199,407"}},{"$f":"SUM(F14:F18)","v":{"v":199722.6666666667,"d":"€199,723"}},{"$f":"SUM(G14:G18)","v":{"v":191945.33333333334,"d":"€191,945"}},{"$f":"SUM(H14:H18)","v":{"v":193336.33333333334,"d":"€193,336"}},{"$f":"SUM(I14:I18)","v":{"v":194354.33333333334,"d":"€194,354"}},{"$f":"SUM(J14:J18)","v":{"v":188528.6666666667,"d":"€188,529"}},{"$f":"SUM(K14:K18)","v":{"v":190968.55555555556,"d":"€190,969"}},{"$f":"SUM(L14:L18)","v":{"v":193377.77777777778,"d":"€193,378"}},{"$f":"SUM(M14:M18)","v":{"v":163876.6666666667,"d":"€163,877"}},{"$f":"SUM(N14:N18)","v":{"v":165689.1577060932,"d":"€165,689"}},{"$f":"SUM(O14:O18)","v":{"v":173813.88888888888,"d":"€173,814"}},{"$f":"SUM(P14:P18)","v":{"v":163140.58781362008,"d":"€163,141"}}]
[null,null,"Share capital",null,{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}},{"$f":"'Source inputs'!$E$60","v":{"v":50000,"d":"€50,000"}}]
[null,null,"Retained earnings",null,{"$f":"'Source inputs'!$E$61+'P&L'!E27","v":{"v":113426.66666666667,"d":"€113,427"}},{"$f":"E21+'P&L'!F27","v":{"v":125890.66666666667,"d":"€125,891"}},{"$f":"F21+'P&L'!G27","v":{"v":136781.33333333334,"d":"€136,781"}},{"$f":"G21+'P&L'!H27","v":{"v":151705.33333333334,"d":"€151,705"}},{"$f":"H21+'P&L'!I27","v":{"v":167777.33333333334,"d":"€167,777"}},{"$f":"I21+'P&L'!J27","v":{"v":180314.6666666667,"d":"€180,315"}},{"$f":"J21+'P&L'!K27","v":{"v":194074.22222222225,"d":"€194,074"}},{"$f":"K21+'P&L'!L27","v":{"v":203711.11111111112,"d":"€203,711"}},{"$f":"L21+'P&L'!M27","v":{"v":229566.22222222225,"d":"€229,566"}},{"$f":"M21+'P&L'!N27","v":{"v":258108.8888888889,"d":"€258,109"}},{"$f":"N21+'P&L'!O27","v":{"v":289855.55555555556,"d":"€289,856"}},{"$f":"O21+'P&L'!P27","v":{"v":315286.22222222225,"d":"€315,286"}}]
[null,null,"Total equity",null,{"$f":"SUM(E20:E21)","v":{"v":163426.6666666667,"d":"€163,427"}},{"$f":"SUM(F20:F21)","v":{"v":175890.6666666667,"d":"€175,891"}},{"$f":"SUM(G20:G21)","v":{"v":186781.33333333334,"d":"€186,781"}},{"$f":"SUM(H20:H21)","v":{"v":201705.33333333334,"d":"€201,705"}},{"$f":"SUM(I20:I21)","v":{"v":217777.33333333334,"d":"€217,777"}},{"$f":"SUM(J20:J21)","v":{"v":230314.6666666667,"d":"€230,315"}},{"$f":"SUM(K20:K21)","v":{"v":244074.22222222225,"d":"€244,074"}},{"$f":"SUM(L20:L21)","v":{"v":253711.11111111112,"d":"€253,711"}},{"$f":"SUM(M20:M21)","v":{"v":279566.22222222225,"d":"€279,566"}},{"$f":"SUM(N20:N21)","v":{"v":308108.8888888889,"d":"€308,109"}},{"$f":"SUM(O20:O21)","v":{"v":339855.55555555556,"d":"€339,856"}},{"$f":"SUM(P20:P21)","v":{"v":365286.22222222225,"d":"€365,286"}}]
[null,null,"Assets less liabilities and equity",null,{"$f":"E13-E19-E22","v":{"v":-5.820766091346741e-11,"d":"(€0)"}},{"$f":"F13-F19-F22","v":{"v":-5.820766091346741e-11,"d":"(€0)"}},{"$f":"G13-G19-G22","v":{"v":-5.820766091346741e-11,"d":"(€0)"}},{"$f":"H13-H19-H22","v":{"v":-5.820766091346741e-11,"d":"(€0)"}},{"$f":"I13-I19-I22","v":{"v":-5.820766091346741e-11,"d":"(€0)"}},{"$f":"J13-J19-J22","v":0},{"$f":"K13-K19-K22","v":{"v":-5.820766091346741e-11,"d":"(€0)"}},{"$f":"L13-L19-L22","v":{"v":-2.9103830456733704e-11,"d":"(€0)"}},{"$f":"M13-M19-M22","v":0},{"$f":"N13-N19-N22","v":{"v":1.1641532182693481e-10,"d":"€0"}},{"$f":"O13-O19-O22","v":{"v":5.820766091346741e-11,"d":"€0"}},{"$f":"P13-P19-P22","v":0}]
[]
[]
[]
[null,null,"Negative cash is an unfunded need. No overdraft facility assumed."]

{"sheet":"Cash flow","index":4,"n_rows":20,"n_cols":16,"rows_kept":20}
[]
[null,null,"Cash flow"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Net profit",null,{"$f":"'P&L'!E27","v":{"v":10426.666666666668,"d":"€10,427"}},{"$f":"'P&L'!F27","v":{"v":12464,"d":"€12,464"}},{"$f":"'P&L'!G27","v":{"v":10890.666666666668,"d":"€10,891"}},{"$f":"'P&L'!H27","v":{"v":14924,"d":"€14,924"}},{"$f":"'P&L'!I27","v":{"v":16072,"d":"€16,072"}},{"$f":"'P&L'!J27","v":{"v":12537.333333333334,"d":"€12,537"}},{"$f":"'P&L'!K27","v":{"v":13759.555555555557,"d":"€13,760"}},{"$f":"'P&L'!L27","v":{"v":9636.888888888889,"d":"€9,637"}},{"$f":"'P&L'!M27","v":{"v":25855.11111111111,"d":"€25,855"}},{"$f":"'P&L'!N27","v":{"v":28542.666666666668,"d":"€28,543"}},{"$f":"'P&L'!O27","v":{"v":31746.666666666664,"d":"€31,747"}},{"$f":"'P&L'!P27","v":{"v":25430.666666666664,"d":"€25,431"}}]
[null,null,"Depreciation add-back",null,{"$f":"'Assets debt tax'!E12","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"'Assets debt tax'!F12","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"'Assets debt tax'!G12","v":{"v":2300,"d":"€2,300"}},{"$f":"'Assets debt tax'!H12","v":{"v":2300,"d":"€2,300"}},{"$f":"'Assets debt tax'!I12","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"'Assets debt tax'!J12","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"'Assets debt tax'!K12","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"'Assets debt tax'!L12","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"'Assets debt tax'!M12","v":{"v":3744.4444444444443,"d":"€3,744"}},{"$f":"'Assets debt tax'!N12","v":{"v":3966.6666666666665,"d":"€3,967"}},{"$f":"'Assets debt tax'!O12","v":{"v":4133.333333333334,"d":"€4,133"}},{"$f":"'Assets debt tax'!P12","v":{"v":4300,"d":"€4,300"}}]
[null,null,"Receivables cash effect",null,{"$f":"'Working capital'!E14-'Working capital'!E19","v":{"v":-13000,"d":"(€13,000)"}},{"$f":"'Working capital'!F14-'Working capital'!F19","v":{"v":-9000,"d":"(€9,000)"}},{"$f":"'Working capital'!G14-'Working capital'!G19","v":{"v":-9000,"d":"(€9,000)"}},{"$f":"'Working capital'!H14-'Working capital'!H19","v":{"v":-12000,"d":"(€12,000)"}},{"$f":"'Working capital'!I14-'Working capital'!I19","v":{"v":-16000,"d":"(€16,000)"}},{"$f":"'Working capital'!J14-'Working capital'!J19","v":{"v":-15000,"d":"(€15,000)"}},{"$f":"'Working capital'!K14-'Working capital'!K19","v":{"v":-14000,"d":"(€14,000)"}},{"$f":"'Working capital'!L14-'Working capital'!L19","v":{"v":-17000,"d":"(€17,000)"}},{"$f":"'Working capital'!M14-'Working capital'!M19","v":{"v":36120,"d":"€36,120"}},{"$f":"'Working capital'!N14-'Working capital'!N19","v":{"v":-20305.483870967728,"d":"(€20,305)"}},{"$f":"'Working capital'!O14-'Working capital'!O19","v":{"v":-15567.849462365615,"d":"(€15,568)"}},{"$f":"'Working capital'!P14-'Working capital'!P19","v":{"v":17617.849462365615,"d":"€17,618"}}]
[null,null,"Unbilled work cash effect",null,{"$f":"'Working capital'!E8-'Working capital'!E9","v":{"v":5339.999999999998,"d":"€5,340"}},{"$f":"'Working capital'!F8-'Working capital'!F9","v":{"v":-1121.2499999999982,"d":"(€1,121)"}},{"$f":"'Working capital'!G8-'Working capital'!G9","v":{"v":-735.5500000000011,"d":"(€736)"}},{"$f":"'Working capital'!H8-'Working capital'!H9","v":{"v":-660.7999999999993,"d":"(€661)"}},{"$f":"'Working capital'!I8-'Working capital'!I9","v":{"v":-2294.3999999999996,"d":"(€2,294)"}},{"$f":"'Working capital'!J8-'Working capital'!J9","v":{"v":-648,"d":"(€648)"}},{"$f":"'Working capital'!K8-'Working capital'!K9","v":{"v":-3924,"d":"(€3,924)"}},{"$f":"'Working capital'!L8-'Working capital'!L9","v":{"v":-456,"d":"(€456)"}},{"$f":"'Working capital'!M8-'Working capital'!M9","v":{"v":5300,"d":"€5,300"}},{"$f":"'Working capital'!N8-'Working capital'!N9","v":{"v":137.5,"d":"€138"}},{"$f":"'Working capital'!O8-'Working capital'!O9","v":{"v":48.49999999999818,"d":"€48"}},{"$f":"'Working capital'!P8-'Working capital'!P9","v":{"v":3406.000000000002,"d":"€3,406"}}]
[null,null,"Payables cash effect",null,{"$f":"'Working capital'!E26-'Working capital'!E22","v":{"v":1000,"d":"€1,000"}},{"$f":"'Working capital'!F26-'Working capital'!F22","v":{"v":1000,"d":"€1,000"}},{"$f":"'Working capital'!G26-'Working capital'!G22","v":{"v":3000,"d":"€3,000"}},{"$f":"'Working capital'!H26-'Working capital'!H22","v":{"v":1000,"d":"€1,000"}},{"$f":"'Working capital'!I26-'Working capital'!I22","v":{"v":1000,"d":"€1,000"}},{"$f":"'Working capital'!J26-'Working capital'!J22","v":{"v":2000,"d":"€2,000"}},{"$f":"'Working capital'!K26-'Working capital'!K22","v":{"v":3000,"d":"€3,000"}},{"$f":"'Working capital'!L26-'Working capital'!L22","v":{"v":4000,"d":"€4,000"}},{"$f":"'Working capital'!M26-'Working capital'!M22","v":{"v":-18703.333333333332,"d":"(€18,703)"}},{"$f":"'Working capital'!N26-'Working capital'!N22","v":{"v":-224.7311827957019,"d":"(€225)"}},{"$f":"'Working capital'!O26-'Working capital'!O22","v":{"v":1508.064516129034,"d":"€1,508"}},{"$f":"'Working capital'!P26-'Working capital'!P22","v":{"v":-1870.9677419354848,"d":"(€1,871)"}}]
[null,null,"Advance billings cash effect",null,{"$f":"'Working capital'!E11-'Working capital'!E10","v":{"v":1800,"d":"€1,800"}},{"$f":"'Working capital'!F11-'Working capital'!F10","v":{"v":200,"d":"€200"}},{"$f":"'Working capital'!G11-'Working capital'!G10","v":{"v":2500,"d":"€2,500"}},{"$f":"'Working capital'!H11-'Working capital'!H10","v":{"v":660,"d":"€660"}},{"$f":"'Working capital'!I11-'Working capital'!I10","v":0},{"$f":"'Working capital'!J11-'Working capital'!J10","v":{"v":3040,"d":"€3,040"}},{"$f":"'Working capital'!K11-'Working capital'!K10","v":0},{"$f":"'Working capital'!L11-'Working capital'!L10","v":0},{"$f":"'Working capital'!M11-'Working capital'!M10","v":{"v":3380,"d":"€3,380"}},{"$f":"'Working capital'!N11-'Working capital'!N10","v":{"v":260,"d":"€260"}},{"$f":"'Working capital'!O11-'Working capital'!O10","v":{"v":2680,"d":"€2,680"}},{"$f":"'Working capital'!P11-'Working capital'!P10","v":{"v":840,"d":"€840"}}]
[null,null,"Tax balance cash effect",null,{"$f":"'Assets debt tax'!E23-'Assets debt tax'!E20","v":{"v":2606.666666666668,"d":"€2,607"}},{"$f":"'Assets debt tax'!F23-'Assets debt tax'!F20","v":{"v":3116,"d":"€3,116"}},{"$f":"'Assets debt tax'!G23-'Assets debt tax'!G20","v":{"v":-9277.333333333332,"d":"(€9,277)"}},{"$f":"'Assets debt tax'!H23-'Assets debt tax'!H20","v":{"v":3731,"d":"€3,731"}},{"$f":"'Assets debt tax'!I23-'Assets debt tax'!I20","v":{"v":4018,"d":"€4,018"}},{"$f":"'Assets debt tax'!J23-'Assets debt tax'!J20","v":{"v":-6865.666666666666,"d":"(€6,866)"}},{"$f":"'Assets debt tax'!K23-'Assets debt tax'!K20","v":{"v":3439.8888888888887,"d":"€3,440"}},{"$f":"'Assets debt tax'!L23-'Assets debt tax'!L20","v":{"v":2409.2222222222226,"d":"€2,409"}},{"$f":"'Assets debt tax'!M23-'Assets debt tax'!M20","v":{"v":-11536.222222222223,"d":"(€11,536)"}},{"$f":"'Assets debt tax'!N23-'Assets debt tax'!N20","v":{"v":7135.666666666668,"d":"€7,136"}},{"$f":"'Assets debt tax'!O23-'Assets debt tax'!O20","v":{"v":7936.666666666666,"d":"€7,937"}},{"$f":"'Assets debt tax'!P23-'Assets debt tax'!P20","v":{"v":-5642.333333333334,"d":"(€5,642)"}}]
[null,null,"Operating cash flow",null,{"$f":"SUM(E8:E14)","v":{"v":10140,"d":"€10,140"}},{"$f":"SUM(F8:F14)","v":{"v":8625.416666666668,"d":"€8,625"}},{"$f":"SUM(G8:G14)","v":{"v":-322.21666666666533,"d":"(€322)"}},{"$f":"SUM(H8:H14)","v":{"v":9954.2,"d":"€9,954"}},{"$f":"SUM(I8:I14)","v":{"v":5262.266666666668,"d":"€5,262"}},{"$f":"SUM(J8:J14)","v":{"v":-2469.666666666666,"d":"(€2,470)"}},{"$f":"SUM(K8:K14)","v":{"v":5131.000000000002,"d":"€5,131"}},{"$f":"SUM(L8:L14)","v":{"v":1445.6666666666679,"d":"€1,446"}},{"$f":"SUM(M8:M14)","v":{"v":44160.000000000015,"d":"€44,160"}},{"$f":"SUM(N8:N14)","v":{"v":19512.284946236574,"d":"€19,512"}},{"$f":"SUM(O8:O14)","v":{"v":32485.381720430087,"d":"€32,485"}},{"$f":"SUM(P8:P14)","v":{"v":44081.21505376346,"d":"€44,081"}}]
[null,null,"Capital expenditure",null,{"$f":"-'Assumptions'!E65","v":{"v":-6000,"d":"(€6,000)"}},{"$f":"-'Assumptions'!F65","v":0},{"$f":"-'Assumptions'!G65","v":{"v":-12000,"d":"(€12,000)"}},{"$f":"-'Assumptions'!H65","v":0},{"$f":"-'Assumptions'!I65","v":{"v":-6000,"d":"(€6,000)"}},{"$f":"-'Assumptions'!J65","v":0},{"$f":"-'Assumptions'!K65","v":{"v":-14000,"d":"(€14,000)"}},{"$f":"-'Assumptions'!L65","v":0},{"$f":"-'Assumptions'!M65","v":{"v":-32000,"d":"(€32,000)"}},{"$f":"-'Assumptions'!N65","v":{"v":-8000,"d":"(€8,000)"}},{"$f":"-'Assumptions'!O65","v":{"v":-6000,"d":"(€6,000)"}},{"$f":"-'Assumptions'!P65","v":{"v":-6000,"d":"(€6,000)"}}]
[null,null,"Debt principal",null,{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}}]
[null,null,"Net cash change",null,{"$f":"SUM(E15:E17)","v":{"v":140,"d":"€140"}},{"$f":"SUM(F15:F17)","v":{"v":4625.416666666668,"d":"€4,625"}},{"$f":"SUM(G15:G17)","v":{"v":-16322.216666666665,"d":"(€16,322)"}},{"$f":"SUM(H15:H17)","v":{"v":5954.200000000001,"d":"€5,954"}},{"$f":"SUM(I15:I17)","v":{"v":-4737.733333333332,"d":"(€4,738)"}},{"$f":"SUM(J15:J17)","v":{"v":-6469.666666666666,"d":"(€6,470)"}},{"$f":"SUM(K15:K17)","v":{"v":-12868.999999999998,"d":"(€12,869)"}},{"$f":"SUM(L15:L17)","v":{"v":-2554.333333333332,"d":"(€2,554)"}},{"$f":"SUM(M15:M17)","v":{"v":8160.000000000015,"d":"€8,160"}},{"$f":"SUM(N15:N17)","v":{"v":7512.284946236574,"d":"€7,512"}},{"$f":"SUM(O15:O17)","v":{"v":22485.381720430087,"d":"€22,485"}},{"$f":"SUM(P15:P17)","v":{"v":34081.21505376346,"d":"€34,081"}}]
[null,null,"Opening cash",null,{"$f":"'Source inputs'!$E$50","v":{"v":160000,"d":"€160,000"}},{"$f":"E20","v":{"v":160140,"d":"€160,140"}},{"$f":"F20","v":{"v":164765.41666666666,"d":"€164,765"}},{"$f":"G20","v":{"v":148443.19999999998,"d":"€148,443"}},{"$f":"H20","v":{"v":154397.4,"d":"€154,397"}},{"$f":"I20","v":{"v":149659.66666666666,"d":"€149,660"}},{"$f":"J20","v":{"v":143190,"d":"€143,190"}},{"$f":"K20","v":{"v":130321,"d":"€130,321"}},{"$f":"L20","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"M20","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"N20","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"O20","v":{"v":165924.33333333337,"d":"€165,924"}}]
[null,null,"Closing cash",null,{"$f":"SUM(E18:E19)","v":{"v":160140,"d":"€160,140"}},{"$f":"SUM(F18:F19)","v":{"v":164765.41666666666,"d":"€164,765"}},{"$f":"SUM(G18:G19)","v":{"v":148443.19999999998,"d":"€148,443"}},{"$f":"SUM(H18:H19)","v":{"v":154397.4,"d":"€154,397"}},{"$f":"SUM(I18:I19)","v":{"v":149659.66666666666,"d":"€149,660"}},{"$f":"SUM(J18:J19)","v":{"v":143190,"d":"€143,190"}},{"$f":"SUM(K18:K19)","v":{"v":130321,"d":"€130,321"}},{"$f":"SUM(L18:L19)","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUM(M18:M19)","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUM(N18:N19)","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUM(O18:O19)","v":{"v":165924.33333333337,"d":"€165,924"}},{"$f":"SUM(P18:P19)","v":{"v":200005.54838709685,"d":"€200,006"}}]

{"sheet":"13 week cash","index":5,"n_rows":130,"n_cols":15,"rows_kept":130}
[]
[null,null,"13 week cash"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[null,null,"Opening bank: 31 August close. Forecast starts 1 September."]
[]
[null,null,"Week","Start","End","Opening cash","Net cash","Closing cash","Client funds","Available cash"]
[null,null,"W1","2026-09-01","2026-09-06",{"$f":"'Balance sheet'!L8","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D9,$D$40:$D$103,\"<=\"&E9)","v":{"v":334020,"d":"€334,020"}},{"$f":"SUM(F9:G9)","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E9)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E9)","v":{"v":285000,"d":"€285,000"}},{"$f":"H9-I9","v":{"v":176786.6666666667,"d":"€176,787"}}]
[null,null,"W2","2026-09-07","2026-09-13",{"$f":"H9","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D10,$D$40:$D$103,\"<=\"&E10)","v":{"v":-292640,"d":"(€292,640)"}},{"$f":"SUM(F10:G10)","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E10)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E10)","v":0},{"$f":"H10-I10","v":{"v":169146.6666666667,"d":"€169,147"}}]
[null,null,"W3","2026-09-14","2026-09-20",{"$f":"H10","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D11,$D$40:$D$103,\"<=\"&E11)","v":{"v":47675.5,"d":"€47,676"}},{"$f":"SUM(F11:G11)","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E11)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E11)","v":0},{"$f":"H11-I11","v":{"v":216822.1666666667,"d":"€216,822"}}]
[null,null,"W4","2026-09-21","2026-09-27",{"$f":"H11","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D12,$D$40:$D$103,\"<=\"&E12)","v":{"v":-74580,"d":"(€74,580)"}},{"$f":"SUM(F12:G12)","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E12)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E12)","v":0},{"$f":"H12-I12","v":{"v":142242.1666666667,"d":"€142,242"}}]
[null,null,"W5","2026-09-28","2026-10-04",{"$f":"H12","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D13,$D$40:$D$103,\"<=\"&E13)","v":{"v":-6315.499999999997,"d":"(€6,316)"}},{"$f":"SUM(F13:G13)","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E13)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E13)","v":0},{"$f":"H13-I13","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"W6","2026-10-05","2026-10-11",{"$f":"H13","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D14,$D$40:$D$103,\"<=\"&E14)","v":{"v":-31000,"d":"(€31,000)"}},{"$f":"SUM(F14:G14)","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E14)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E14)","v":0},{"$f":"H14-I14","v":{"v":104926.66666666669,"d":"€104,927"}}]
[null,null,"W7","2026-10-12","2026-10-18",{"$f":"H14","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D15,$D$40:$D$103,\"<=\"&E15)","v":{"v":63120.27822580646,"d":"€63,120"}},{"$f":"SUM(F15:G15)","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E15)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E15)","v":0},{"$f":"H15-I15","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"W8","2026-10-19","2026-10-25",{"$f":"H15","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D16,$D$40:$D$103,\"<=\"&E16)","v":{"v":-97300,"d":"(€97,300)"}},{"$f":"SUM(F16:G16)","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E16)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E16)","v":0},{"$f":"H16-I16","v":{"v":70746.94489247314,"d":"€70,747"}}]
[null,null,"W9","2026-10-26","2026-11-01",{"$f":"H16","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D17,$D$40:$D$103,\"<=\"&E17)","v":{"v":72692.00672043012,"d":"€72,692"}},{"$f":"SUM(F17:G17)","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E17)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E17)","v":0},{"$f":"H17-I17","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"W10","2026-11-02","2026-11-08",{"$f":"H17","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D18,$D$40:$D$103,\"<=\"&E18)","v":{"v":329000,"d":"€329,000"}},{"$f":"SUM(F18:G18)","v":{"v":472438.95161290327,"d":"€472,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E18)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E18)","v":{"v":335000,"d":"€335,000"}},{"$f":"H18-I18","v":{"v":137438.95161290327,"d":"€137,439"}}]
[null,null,"W11","2026-11-09","2026-11-15",{"$f":"H18","v":{"v":472438.95161290327,"d":"€472,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D19,$D$40:$D$103,\"<=\"&E19)","v":{"v":-286864.0782258065,"d":"(€286,864)"}},{"$f":"SUM(F19:G19)","v":{"v":185574.8733870968,"d":"€185,575"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E19)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E19)","v":0},{"$f":"H19-I19","v":{"v":185574.8733870968,"d":"€185,575"}}]
[null,null,"W12","2026-11-16","2026-11-22",{"$f":"H19","v":{"v":185574.8733870968,"d":"€185,575"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D20,$D$40:$D$103,\"<=\"&E20)","v":0},{"$f":"SUM(F20:G20)","v":{"v":185574.8733870968,"d":"€185,575"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E20)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E20)","v":0},{"$f":"H20-I20","v":{"v":185574.8733870968,"d":"€185,575"}}]
[null,null,"W13","2026-11-23","2026-11-29",{"$f":"H20","v":{"v":185574.8733870968,"d":"€185,575"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,\">=\"&D21,$D$40:$D$103,\"<=\"&E21)","v":{"v":-19650.54005376343,"d":"(€19,651)"}},{"$f":"SUM(F21:G21)","v":{"v":165924.33333333337,"d":"€165,924"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&E21)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&E21)","v":0},{"$f":"H21-I21","v":{"v":165924.33333333337,"d":"€165,924"}}]
[]
[]
[null,null,"Lowest weekly available cash",null,null,{"$f":"MIN(J9:J21)","v":{"v":70746.94489247314,"d":"€70,747"}}]
[null,null,"Lowest daily available cash",null,null,{"$f":"MIN(O40:O129)","v":{"v":70746.94489247314,"d":"€70,747"}}]
[null,null,"Minimum reserve",null,null,{"v":50000,"d":"€50,000"}]
[null,null,"Funding to keep reserve",null,null,{"$f":"MAX(0,F26-F25)","v":0}]
[null,null,"Unfunded requirement",null,null,{"$f":"MAX(0,-F25)","v":0}]
[]
[]
[]
[null,null,"Daily lows can be below weekly closes."]
[]
[null,null,"Client media funds are reserved. No new borrowing assumed."]
[]
[]
[]
[]
[null,null,"Record","Effective date","Type","Cash amount",{"$nulls":3},"Date","Opening","Net cash","Closing","Client funds reserved","Available cash"]
[null,null,"AR-1",{"$f":"'AR and AP'!I9","v":"2026-09-04"},"Customer receipts",{"$f":"'AR and AP'!F9","v":{"v":24200,"d":"€24,200"}},{"$nulls":3},"2026-09-01",{"$f":"'Balance sheet'!L8","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J40)","v":0},{"$f":"K40+L40","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J40)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J40)","v":0},{"$f":"M40-N40","v":{"v":127766.66666666667,"d":"€127,767"}}]
[null,null,"AR-2",{"$f":"'AR and AP'!I10","v":"2026-09-11"},"Customer receipts",{"$f":"'AR and AP'!F10","v":{"v":26400,"d":"€26,400"}},{"$nulls":3},"2026-09-02",{"$f":"M40","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J41)","v":0},{"$f":"K41+L41","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J41)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J41)","v":0},{"$f":"M41-N41","v":{"v":127766.66666666667,"d":"€127,767"}}]
[null,null,"AR-3",{"$f":"'AR and AP'!I11","v":"2026-09-18"},"Customer receipts",{"$f":"'AR and AP'!F11","v":{"v":28600,"d":"€28,600"}},{"$nulls":3},"2026-09-03",{"$f":"M41","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J42)","v":0},{"$f":"K42+L42","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J42)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J42)","v":0},{"$f":"M42-N42","v":{"v":127766.66666666667,"d":"€127,767"}}]
[null,null,"AR-4",{"$f":"'AR and AP'!I12","v":"2026-09-25"},"Customer receipts",{"$f":"'AR and AP'!F12","v":{"v":22000,"d":"€22,000"}},{"$nulls":3},"2026-09-04",{"$f":"M42","v":{"v":127766.66666666667,"d":"€127,767"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J43)","v":{"v":49020,"d":"€49,020"}},{"$f":"K43+L43","v":{"v":176786.6666666667,"d":"€176,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J43)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J43)","v":0},{"$f":"M43-N43","v":{"v":176786.6666666667,"d":"€176,787"}}]
[null,null,"AR-5",{"$f":"'AR and AP'!I13","v":"2026-09-04"},"Customer receipts",{"$f":"'AR and AP'!F13","v":{"v":30800.000000000004,"d":"€30,800"}},{"$nulls":3},"2026-09-05",{"$f":"M43","v":{"v":176786.6666666667,"d":"€176,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J44)","v":{"v":285000,"d":"€285,000"}},{"$f":"K44+L44","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J44)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J44)","v":{"v":285000,"d":"€285,000"}},{"$f":"M44-N44","v":{"v":176786.6666666667,"d":"€176,787"}}]
[null,null,"AR-6",{"$f":"'AR and AP'!I14","v":"2026-09-11"},"Customer receipts",{"$f":"'AR and AP'!F14","v":{"v":26400,"d":"€26,400"}},{"$nulls":3},"2026-09-06",{"$f":"M44","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J45)","v":0},{"$f":"K45+L45","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J45)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J45)","v":{"v":285000,"d":"€285,000"}},{"$f":"M45-N45","v":{"v":176786.6666666667,"d":"€176,787"}}]
[null,null,"AR-7",{"$f":"'AR and AP'!I15","v":"2026-09-18"},"Customer receipts",{"$f":"'AR and AP'!F15","v":{"v":33000,"d":"€33,000"}},{"$nulls":3},"2026-09-07",{"$f":"M45","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J46)","v":0},{"$f":"K46+L46","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J46)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J46)","v":{"v":285000,"d":"€285,000"}},{"$f":"M46-N46","v":{"v":176786.6666666667,"d":"€176,787"}}]
[null,null,"AR-8",{"$f":"'AR and AP'!I16","v":"2026-09-25"},"Customer receipts",{"$f":"'AR and AP'!F16","v":{"v":28600,"d":"€28,600"}},{"$nulls":3},"2026-09-08",{"$f":"M46","v":{"v":461786.6666666667,"d":"€461,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J47)","v":{"v":-32000,"d":"(€32,000)"}},{"$f":"K47+L47","v":{"v":429786.6666666667,"d":"€429,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J47)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J47)","v":{"v":285000,"d":"€285,000"}},{"$f":"M47-N47","v":{"v":144786.6666666667,"d":"€144,787"}}]
[null,null,"AP-1",{"$f":"'AR and AP'!N24","v":"00:00:00"},"Supplier payments",{"$f":"-'AR and AP'!M24","v":0},{"$nulls":3},"2026-09-09",{"$f":"M47","v":{"v":429786.6666666667,"d":"€429,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J48)","v":0},{"$f":"K48+L48","v":{"v":429786.6666666667,"d":"€429,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J48)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J48)","v":{"v":285000,"d":"€285,000"}},{"$f":"M48-N48","v":{"v":144786.6666666667,"d":"€144,787"}}]
[null,null,"AP-2",{"$f":"'AR and AP'!N25","v":"2026-09-04"},"Supplier payments",{"$f":"-'AR and AP'!M25","v":{"v":-5980,"d":"(€5,980)"}},{"$nulls":3},"2026-09-10",{"$f":"M48","v":{"v":429786.6666666667,"d":"€429,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J49)","v":{"v":-307000,"d":"(€307,000)"}},{"$f":"K49+L49","v":{"v":122786.66666666669,"d":"€122,787"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J49)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J49)","v":0},{"$f":"M49-N49","v":{"v":122786.66666666669,"d":"€122,787"}}]
[null,null,"AP-3",{"$f":"'AR and AP'!N26","v":"2026-09-11"},"Supplier payments",{"$f":"-'AR and AP'!M26","v":{"v":-6440.000000000001,"d":"(€6,440)"}},{"$nulls":3},"2026-09-11",{"$f":"M49","v":{"v":122786.66666666669,"d":"€122,787"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J50)","v":{"v":46360,"d":"€46,360"}},{"$f":"K50+L50","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J50)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J50)","v":0},{"$f":"M50-N50","v":{"v":169146.6666666667,"d":"€169,147"}}]
[null,null,"AP-4",{"$f":"'AR and AP'!N27","v":"00:00:00"},"Supplier payments",{"$f":"-'AR and AP'!M27","v":0},{"$nulls":3},"2026-09-12",{"$f":"M50","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J51)","v":0},{"$f":"K51+L51","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J51)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J51)","v":0},{"$f":"M51-N51","v":{"v":169146.6666666667,"d":"€169,147"}}]
[null,null,"AP-5",{"$f":"'AR and AP'!N28","v":"2026-09-18"},"Supplier payments",{"$f":"-'AR and AP'!M28","v":{"v":-7360,"d":"(€7,360)"}},{"$nulls":3},"2026-09-13",{"$f":"M51","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J52)","v":0},{"$f":"K52+L52","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J52)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J52)","v":0},{"$f":"M52-N52","v":{"v":169146.6666666667,"d":"€169,147"}}]
[null,null,"AP-6",{"$f":"'AR and AP'!N29","v":"2026-09-18"},"Supplier payments",{"$f":"-'AR and AP'!M29","v":{"v":-5060,"d":"(€5,060)"}},{"$nulls":3},"2026-09-14",{"$f":"M52","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J53)","v":0},{"$f":"K53+L53","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J53)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J53)","v":0},{"$f":"M53-N53","v":{"v":169146.6666666667,"d":"€169,147"}}]
[null,null,"AP-7",{"$f":"'AR and AP'!N30","v":"2026-09-25"},"Supplier payments",{"$f":"-'AR and AP'!M30","v":{"v":-5520,"d":"(€5,520)"}},{"$nulls":3},"2026-09-15",{"$f":"M53","v":{"v":169146.6666666667,"d":"€169,147"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J54)","v":{"v":-1504.499999999998,"d":"(€1,505)"}},{"$f":"K54+L54","v":{"v":167642.1666666667,"d":"€167,642"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J54)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J54)","v":0},{"$f":"M54-N54","v":{"v":167642.1666666667,"d":"€167,642"}}]
[null,null,"AP-8",{"$f":"'AR and AP'!N31","v":"2026-09-25"},"Supplier payments",{"$f":"-'AR and AP'!M31","v":{"v":-5060,"d":"(€5,060)"}},{"$nulls":3},"2026-09-16",{"$f":"M54","v":{"v":167642.1666666667,"d":"€167,642"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J55)","v":0},{"$f":"K55+L55","v":{"v":167642.1666666667,"d":"€167,642"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J55)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J55)","v":0},{"$f":"M55-N55","v":{"v":167642.1666666667,"d":"€167,642"}}]
[null,null,"NEW-receipts-9-A",{"$f":"DATE(2026,9,15)","v":"2026-09-15"},"Customer receipts",{"$f":"('Working capital'!M20-'Working capital'!M15)*0.45","v":0},{"$nulls":3},"2026-09-17",{"$f":"M55","v":{"v":167642.1666666667,"d":"€167,642"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J56)","v":0},{"$f":"K56+L56","v":{"v":167642.1666666667,"d":"€167,642"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J56)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J56)","v":0},{"$f":"M56-N56","v":{"v":167642.1666666667,"d":"€167,642"}}]
[null,null,"NEW-receipts-9-B",{"$f":"DATE(2026,9,28)","v":"2026-09-28"},"Customer receipts",{"$f":"('Working capital'!M20-'Working capital'!M15)*0.55","v":0},{"$nulls":3},"2026-09-18",{"$f":"M56","v":{"v":167642.1666666667,"d":"€167,642"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J57)","v":{"v":49180,"d":"€49,180"}},{"$f":"K57+L57","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J57)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J57)","v":0},{"$f":"M57-N57","v":{"v":216822.1666666667,"d":"€216,822"}}]
[null,null,"NEW-supplier-9-A",{"$f":"DATE(2026,9,15)","v":"2026-09-15"},"Supplier payments",{"$f":"(-'Working capital'!M27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,9,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,10,1)))*0.45","v":{"v":-1504.499999999998,"d":"(€1,505)"}},{"$nulls":3},"2026-09-19",{"$f":"M57","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J58)","v":0},{"$f":"K58+L58","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J58)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J58)","v":0},{"$f":"M58-N58","v":{"v":216822.1666666667,"d":"€216,822"}}]
[null,null,"NEW-supplier-9-B",{"$f":"DATE(2026,9,28)","v":"2026-09-28"},"Supplier payments",{"$f":"(-'Working capital'!M27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,9,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,10,1)))*0.55","v":{"v":-1838.8333333333308,"d":"(€1,839)"}},{"$nulls":3},"2026-09-20",{"$f":"M58","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J59)","v":0},{"$f":"K59+L59","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J59)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J59)","v":0},{"$f":"M59-N59","v":{"v":216822.1666666667,"d":"€216,822"}}]
[null,null,"SCH-payroll-9",{"$f":"DATE(2026,9,25)","v":"2026-09-25"},"Payroll",{"$f":"-('P&L'!M13+'Assumptions'!M41)","v":{"v":-96600,"d":"(€96,600)"}},{"$nulls":3},"2026-09-21",{"$f":"M59","v":{"v":216822.1666666667,"d":"€216,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J60)","v":{"v":-18000,"d":"(€18,000)"}},{"$f":"K60+L60","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J60)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J60)","v":0},{"$f":"M60-N60","v":{"v":198822.1666666667,"d":"€198,822"}}]
[null,null,"SCH-overheads-9",{"$f":"DATE(2026,9,10)","v":"2026-09-10"},"Operating overheads",{"$f":"-('Assumptions'!M44+'Assumptions'!M47+'Assumptions'!M50)","v":{"v":-22000,"d":"(€22,000)"}},{"$nulls":3},"2026-09-22",{"$f":"M60","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J61)","v":0},{"$f":"K61+L61","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J61)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J61)","v":0},{"$f":"M61-N61","v":{"v":198822.1666666667,"d":"€198,822"}}]
[null,null,"SCH-tax-9",{"$f":"DATE(2026,9,21)","v":"2026-09-21"},"Tax paid",{"$f":"-'Assumptions'!M68","v":{"v":-18000,"d":"(€18,000)"}},{"$nulls":3},"2026-09-23",{"$f":"M61","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J62)","v":0},{"$f":"K62+L62","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J62)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J62)","v":0},{"$f":"M62-N62","v":{"v":198822.1666666667,"d":"€198,822"}}]
[null,null,"SCH-capex-9",{"$f":"DATE(2026,9,8)","v":"2026-09-08"},"Capital purchases",{"$f":"-'Assumptions'!M65","v":{"v":-32000,"d":"(€32,000)"}},{"$nulls":3},"2026-09-24",{"$f":"M62","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J63)","v":0},{"$f":"K63+L63","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J63)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J63)","v":0},{"$f":"M63-N63","v":{"v":198822.1666666667,"d":"€198,822"}}]
[null,null,"SCH-debt-9",{"$f":"DATE(2026,9,28)","v":"2026-09-28"},"Debt repayment",{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$nulls":3},"2026-09-25",{"$f":"M63","v":{"v":198822.1666666667,"d":"€198,822"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J64)","v":{"v":-56580,"d":"(€56,580)"}},{"$f":"K64+L64","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J64)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J64)","v":0},{"$f":"M64-N64","v":{"v":142242.1666666667,"d":"€142,242"}}]
[null,null,"SCH-interest-9",{"$f":"DATE(2026,9,28)","v":"2026-09-28"},"Interest paid",{"$f":"-'P&L'!M24","v":{"v":-476.6666666666667,"d":"(€477)"}},{"$nulls":3},"2026-09-26",{"$f":"M64","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J65)","v":0},{"$f":"K65+L65","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J65)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J65)","v":0},{"$f":"M65-N65","v":{"v":142242.1666666667,"d":"€142,242"}}]
[null,null,"SCH-mediaIn-9",{"$f":"DATE(2026,9,5)","v":"2026-09-05"},"Client media funds received",{"$f":"'Assumptions'!M23","v":{"v":285000,"d":"€285,000"}},{"$nulls":3},"2026-09-27",{"$f":"M65","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J66)","v":0},{"$f":"K66+L66","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J66)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J66)","v":0},{"$f":"M66-N66","v":{"v":142242.1666666667,"d":"€142,242"}}]
[null,null,"SCH-mediaOut-9",{"$f":"DATE(2026,9,10)","v":"2026-09-10"},"Client media funds paid",{"$f":"-'Assumptions'!M23","v":{"v":-285000,"d":"(€285,000)"}},{"$nulls":3},"2026-09-28",{"$f":"M66","v":{"v":142242.1666666667,"d":"€142,242"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J67)","v":{"v":-6315.499999999997,"d":"(€6,316)"}},{"$f":"K67+L67","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J67)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J67)","v":0},{"$f":"M67-N67","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"NEW-receipts-10-A",{"$f":"DATE(2026,10,15)","v":"2026-10-15"},"Customer receipts",{"$f":"('Working capital'!N20-'Working capital'!N15)*0.45","v":{"v":72423.90725806453,"d":"€72,424"}},{"$nulls":3},"2026-09-29",{"$f":"M67","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J68)","v":0},{"$f":"K68+L68","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J68)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J68)","v":0},{"$f":"M68-N68","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"NEW-receipts-10-B",{"$f":"DATE(2026,10,28)","v":"2026-10-28"},"Customer receipts",{"$f":"('Working capital'!N20-'Working capital'!N15)*0.55","v":{"v":88518.10887096776,"d":"€88,518"}},{"$nulls":3},"2026-09-30",{"$f":"M68","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J69)","v":0},{"$f":"K69+L69","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J69)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J69)","v":0},{"$f":"M69-N69","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"NEW-supplier-10-A",{"$f":"DATE(2026,10,15)","v":"2026-10-15"},"Supplier payments",{"$f":"(-'Working capital'!N27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,10,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,11,1)))*0.45","v":{"v":-9303.629032258068,"d":"(€9,304)"}},{"$nulls":3},"2026-10-01",{"$f":"M69","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J70)","v":0},{"$f":"K70+L70","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J70)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J70)","v":0},{"$f":"M70-N70","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"NEW-supplier-10-B",{"$f":"DATE(2026,10,28)","v":"2026-10-28"},"Supplier payments",{"$f":"(-'Working capital'!N27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,10,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,11,1)))*0.55","v":{"v":-11371.10215053764,"d":"(€11,371)"}},{"$nulls":3},"2026-10-02",{"$f":"M70","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J71)","v":0},{"$f":"K71+L71","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J71)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J71)","v":0},{"$f":"M71-N71","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"SCH-payroll-10",{"$f":"DATE(2026,10,25)","v":"2026-10-25"},"Payroll",{"$f":"-('P&L'!N13+'Assumptions'!N41)","v":{"v":-97300,"d":"(€97,300)"}},{"$nulls":3},"2026-10-03",{"$f":"M71","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J72)","v":0},{"$f":"K72+L72","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J72)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J72)","v":0},{"$f":"M72-N72","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"SCH-overheads-10",{"$f":"DATE(2026,10,10)","v":"2026-10-10"},"Operating overheads",{"$f":"-('Assumptions'!N44+'Assumptions'!N47+'Assumptions'!N50)","v":{"v":-23000,"d":"(€23,000)"}},{"$nulls":3},"2026-10-04",{"$f":"M72","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J73)","v":0},{"$f":"K73+L73","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J73)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J73)","v":0},{"$f":"M73-N73","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"SCH-tax-10",{"$f":"DATE(2026,10,21)","v":"2026-10-21"},"Tax paid",{"$f":"-'Assumptions'!N68","v":0},{"$nulls":3},"2026-10-05",{"$f":"M73","v":{"v":135926.6666666667,"d":"€135,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J74)","v":{"v":300000,"d":"€300,000"}},{"$f":"K74+L74","v":{"v":435926.6666666667,"d":"€435,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J74)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J74)","v":{"v":300000,"d":"€300,000"}},{"$f":"M74-N74","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"SCH-capex-10",{"$f":"DATE(2026,10,8)","v":"2026-10-08"},"Capital purchases",{"$f":"-'Assumptions'!N65","v":{"v":-8000,"d":"(€8,000)"}},{"$nulls":3},"2026-10-06",{"$f":"M74","v":{"v":435926.6666666667,"d":"€435,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J75)","v":0},{"$f":"K75+L75","v":{"v":435926.6666666667,"d":"€435,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J75)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J75)","v":{"v":300000,"d":"€300,000"}},{"$f":"M75-N75","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"SCH-debt-10",{"$f":"DATE(2026,10,28)","v":"2026-10-28"},"Debt repayment",{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$nulls":3},"2026-10-07",{"$f":"M75","v":{"v":435926.6666666667,"d":"€435,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J76)","v":0},{"$f":"K76+L76","v":{"v":435926.6666666667,"d":"€435,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J76)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J76)","v":{"v":300000,"d":"€300,000"}},{"$f":"M76-N76","v":{"v":135926.6666666667,"d":"€135,927"}}]
[null,null,"SCH-interest-10",{"$f":"DATE(2026,10,28)","v":"2026-10-28"},"Interest paid",{"$f":"-'P&L'!N24","v":{"v":-455,"d":"(€455)"}},{"$nulls":3},"2026-10-08",{"$f":"M76","v":{"v":435926.6666666667,"d":"€435,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J77)","v":{"v":-8000,"d":"(€8,000)"}},{"$f":"K77+L77","v":{"v":427926.6666666667,"d":"€427,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J77)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J77)","v":{"v":300000,"d":"€300,000"}},{"$f":"M77-N77","v":{"v":127926.66666666669,"d":"€127,927"}}]
[null,null,"SCH-mediaIn-10",{"$f":"DATE(2026,10,5)","v":"2026-10-05"},"Client media funds received",{"$f":"'Assumptions'!N23","v":{"v":300000,"d":"€300,000"}},{"$nulls":3},"2026-10-09",{"$f":"M77","v":{"v":427926.6666666667,"d":"€427,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J78)","v":0},{"$f":"K78+L78","v":{"v":427926.6666666667,"d":"€427,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J78)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J78)","v":{"v":300000,"d":"€300,000"}},{"$f":"M78-N78","v":{"v":127926.66666666669,"d":"€127,927"}}]
[null,null,"SCH-mediaOut-10",{"$f":"DATE(2026,10,10)","v":"2026-10-10"},"Client media funds paid",{"$f":"-'Assumptions'!N23","v":{"v":-300000,"d":"(€300,000)"}},{"$nulls":3},"2026-10-10",{"$f":"M78","v":{"v":427926.6666666667,"d":"€427,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J79)","v":{"v":-323000,"d":"(€323,000)"}},{"$f":"K79+L79","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J79)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J79)","v":0},{"$f":"M79-N79","v":{"v":104926.66666666669,"d":"€104,927"}}]
[null,null,"NEW-receipts-11-A",{"$f":"DATE(2026,11,15)","v":"2026-11-15"},"Customer receipts",{"$f":"('Working capital'!O20-'Working capital'!O15)*0.45","v":{"v":81477.29274193548,"d":"€81,477"}},{"$nulls":3},"2026-10-11",{"$f":"M79","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J80)","v":0},{"$f":"K80+L80","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J80)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J80)","v":0},{"$f":"M80-N80","v":{"v":104926.66666666669,"d":"€104,927"}}]
[null,null,"NEW-receipts-11-B",{"$f":"DATE(2026,11,28)","v":"2026-11-28"},"Customer receipts",{"$f":"('Working capital'!O20-'Working capital'!O15)*0.55","v":{"v":99583.35779569893,"d":"€99,583"}},{"$nulls":3},"2026-10-12",{"$f":"M80","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J81)","v":0},{"$f":"K81+L81","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J81)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J81)","v":0},{"$f":"M81-N81","v":{"v":104926.66666666669,"d":"€104,927"}}]
[null,null,"NEW-supplier-11-A",{"$f":"DATE(2026,11,15)","v":"2026-11-15"},"Supplier payments",{"$f":"(-'Working capital'!O27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,11,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,12,1)))*0.45","v":{"v":-9041.370967741937,"d":"(€9,041)"}},{"$nulls":3},"2026-10-13",{"$f":"M81","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J82)","v":0},{"$f":"K82+L82","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J82)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J82)","v":0},{"$f":"M82-N82","v":{"v":104926.66666666669,"d":"€104,927"}}]
[null,null,"NEW-supplier-11-B",{"$f":"DATE(2026,11,28)","v":"2026-11-28"},"Supplier payments",{"$f":"(-'Working capital'!O27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,11,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,12,1)))*0.55","v":{"v":-11050.564516129034,"d":"(€11,051)"}},{"$nulls":3},"2026-10-14",{"$f":"M82","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J83)","v":0},{"$f":"K83+L83","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J83)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J83)","v":0},{"$f":"M83-N83","v":{"v":104926.66666666669,"d":"€104,927"}}]
[null,null,"SCH-payroll-11",{"$f":"DATE(2026,11,25)","v":"2026-11-25"},"Payroll",{"$f":"-('P&L'!O13+'Assumptions'!O41)","v":{"v":-103750,"d":"(€103,750)"}},{"$nulls":3},"2026-10-15",{"$f":"M83","v":{"v":104926.66666666669,"d":"€104,927"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J84)","v":{"v":63120.27822580646,"d":"€63,120"}},{"$f":"K84+L84","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J84)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J84)","v":0},{"$f":"M84-N84","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-overheads-11",{"$f":"DATE(2026,11,10)","v":"2026-11-10"},"Operating overheads",{"$f":"-('Assumptions'!O44+'Assumptions'!O47+'Assumptions'!O50)","v":{"v":-24300,"d":"(€24,300)"}},{"$nulls":3},"2026-10-16",{"$f":"M84","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J85)","v":0},{"$f":"K85+L85","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J85)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J85)","v":0},{"$f":"M85-N85","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-tax-11",{"$f":"DATE(2026,11,21)","v":"2026-11-21"},"Tax paid",{"$f":"-'Assumptions'!O68","v":0},{"$nulls":3},"2026-10-17",{"$f":"M85","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J86)","v":0},{"$f":"K86+L86","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J86)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J86)","v":0},{"$f":"M86-N86","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-capex-11",{"$f":"DATE(2026,11,8)","v":"2026-11-08"},"Capital purchases",{"$f":"-'Assumptions'!O65","v":{"v":-6000,"d":"(€6,000)"}},{"$nulls":3},"2026-10-18",{"$f":"M86","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J87)","v":0},{"$f":"K87+L87","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J87)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J87)","v":0},{"$f":"M87-N87","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-debt-11",{"$f":"DATE(2026,11,28)","v":"2026-11-28"},"Debt repayment",{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$nulls":3},"2026-10-19",{"$f":"M87","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J88)","v":0},{"$f":"K88+L88","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J88)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J88)","v":0},{"$f":"M88-N88","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-interest-11",{"$f":"DATE(2026,11,28)","v":"2026-11-28"},"Interest paid",{"$f":"-'P&L'!O24","v":{"v":-433.3333333333333,"d":"(€433)"}},{"$nulls":3},"2026-10-20",{"$f":"M88","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J89)","v":0},{"$f":"K89+L89","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J89)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J89)","v":0},{"$f":"M89-N89","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-mediaIn-11",{"$f":"DATE(2026,11,5)","v":"2026-11-05"},"Client media funds received",{"$f":"'Assumptions'!O23","v":{"v":335000,"d":"€335,000"}},{"$nulls":3},"2026-10-21",{"$f":"M89","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J90)","v":0},{"$f":"K90+L90","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J90)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J90)","v":0},{"$f":"M90-N90","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"SCH-mediaOut-11",{"$f":"DATE(2026,11,10)","v":"2026-11-10"},"Client media funds paid",{"$f":"-'Assumptions'!O23","v":{"v":-335000,"d":"(€335,000)"}},{"$nulls":3},"2026-10-22",{"$f":"M90","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J91)","v":0},{"$f":"K91+L91","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J91)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J91)","v":0},{"$f":"M91-N91","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"NEW-receipts-12-A",{"$f":"DATE(2026,12,15)","v":"2026-12-15"},"Customer receipts",{"$f":"('Working capital'!P20-'Working capital'!P15)*0.45","v":{"v":92773.73225806454,"d":"€92,774"}},{"$nulls":3},"2026-10-23",{"$f":"M91","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J92)","v":0},{"$f":"K92+L92","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J92)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J92)","v":0},{"$f":"M92-N92","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"NEW-receipts-12-B",{"$f":"DATE(2026,12,28)","v":"2026-12-28"},"Customer receipts",{"$f":"('Working capital'!P20-'Working capital'!P15)*0.55","v":{"v":113390.11720430112,"d":"€113,390"}},{"$nulls":3},"2026-10-24",{"$f":"M92","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J93)","v":0},{"$f":"K93+L93","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J93)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J93)","v":0},{"$f":"M93-N93","v":{"v":168046.94489247314,"d":"€168,047"}}]
[null,null,"NEW-supplier-12-A",{"$f":"DATE(2026,12,15)","v":"2026-12-15"},"Supplier payments",{"$f":"(-'Working capital'!P27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,12,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,13,1)))*0.45","v":{"v":-9841.935483870968,"d":"(€9,842)"}},{"$nulls":3},"2026-10-25",{"$f":"M93","v":{"v":168046.94489247314,"d":"€168,047"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J94)","v":{"v":-97300,"d":"(€97,300)"}},{"$f":"K94+L94","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J94)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J94)","v":0},{"$f":"M94-N94","v":{"v":70746.94489247314,"d":"€70,747"}}]
[null,null,"NEW-supplier-12-B",{"$f":"DATE(2026,12,28)","v":"2026-12-28"},"Supplier payments",{"$f":"(-'Working capital'!P27+SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\">=\"&DATE(2026,12,1),'AR and AP'!$N$24:$N$31,\"<\"&DATE(2026,13,1)))*0.55","v":{"v":-12029.032258064517,"d":"(€12,029)"}},{"$nulls":3},"2026-10-26",{"$f":"M94","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J95)","v":0},{"$f":"K95+L95","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J95)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J95)","v":0},{"$f":"M95-N95","v":{"v":70746.94489247314,"d":"€70,747"}}]
[null,null,"SCH-payroll-12",{"$f":"DATE(2026,12,25)","v":"2026-12-25"},"Payroll",{"$f":"-('P&L'!P13+'Assumptions'!P41)","v":{"v":-104500,"d":"(€104,500)"}},{"$nulls":3},"2026-10-27",{"$f":"M95","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J96)","v":0},{"$f":"K96+L96","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J96)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J96)","v":0},{"$f":"M96-N96","v":{"v":70746.94489247314,"d":"€70,747"}}]
[null,null,"SCH-overheads-12",{"$f":"DATE(2026,12,10)","v":"2026-12-10"},"Operating overheads",{"$f":"-('Assumptions'!P44+'Assumptions'!P47+'Assumptions'!P50)","v":{"v":-23300,"d":"(€23,300)"}},{"$nulls":3},"2026-10-28",{"$f":"M96","v":{"v":70746.94489247314,"d":"€70,747"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J97)","v":{"v":72692.00672043012,"d":"€72,692"}},{"$f":"K97+L97","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J97)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J97)","v":0},{"$f":"M97-N97","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"SCH-tax-12",{"$f":"DATE(2026,12,21)","v":"2026-12-21"},"Tax paid",{"$f":"-'Assumptions'!P68","v":{"v":-12000,"d":"(€12,000)"}},{"$nulls":3},"2026-10-29",{"$f":"M97","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J98)","v":0},{"$f":"K98+L98","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J98)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J98)","v":0},{"$f":"M98-N98","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"SCH-capex-12",{"$f":"DATE(2026,12,8)","v":"2026-12-08"},"Capital purchases",{"$f":"-'Assumptions'!P65","v":{"v":-6000,"d":"(€6,000)"}},{"$nulls":3},"2026-10-30",{"$f":"M98","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J99)","v":0},{"$f":"K99+L99","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J99)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J99)","v":0},{"$f":"M99-N99","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"SCH-debt-12",{"$f":"DATE(2026,12,28)","v":"2026-12-28"},"Debt repayment",{"$f":"-4000","v":{"v":-4000,"d":"(€4,000)"}},{"$nulls":3},"2026-10-31",{"$f":"M99","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J100)","v":0},{"$f":"K100+L100","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J100)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J100)","v":0},{"$f":"M100-N100","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"SCH-interest-12",{"$f":"DATE(2026,12,28)","v":"2026-12-28"},"Interest paid",{"$f":"-'P&L'!P24","v":{"v":-411.6666666666667,"d":"(€412)"}},{"$nulls":3},"2026-11-01",{"$f":"M100","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J101)","v":0},{"$f":"K101+L101","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J101)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J101)","v":0},{"$f":"M101-N101","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"SCH-mediaIn-12",{"$f":"DATE(2026,12,5)","v":"2026-12-05"},"Client media funds received",{"$f":"'Assumptions'!P23","v":{"v":320000,"d":"€320,000"}},{"$nulls":3},"2026-11-02",{"$f":"M101","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J102)","v":0},{"$f":"K102+L102","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J102)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J102)","v":0},{"$f":"M102-N102","v":{"v":143438.95161290327,"d":"€143,439"}}]
[null,null,"SCH-mediaOut-12",{"$f":"DATE(2026,12,10)","v":"2026-12-10"},"Client media funds paid",{"$f":"-'Assumptions'!P23","v":{"v":-320000,"d":"(€320,000)"}},{"$nulls":3},"2026-11-03",{"$f":"M102","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$D$40:$D$103,J103)","v":0},{"$f":"K103+L103","v":{"v":143438.95161290327,"d":"€143,439"}},{"$f":"SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds received\",$D$40:$D$103,\"<=\"&J103)+SUMIFS($F$40:$F$103,$E$40:$E$103,\"Client media funds paid\",$D$40:$D$103,\"<=\"&J103)","v":0},{"$f":"M103-N103","v":{"v":143438.95161290327,"d":"€143,439"}}]
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{"sheet":"Operating model","index":6,"n_rows":60,"n_cols":16,"rows_kept":60}
[]
[null,null,"Operating model"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
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[null,null,"Delivered project fee revenue",null,{"$f":"'Assumptions'!E14*'Assumptions'!E17","v":{"v":69000,"d":"€69,000"}},{"$f":"'Assumptions'!F14*'Assumptions'!F17","v":{"v":71875,"d":"€71,875"}},{"$f":"'Assumptions'!G14*'Assumptions'!G17","v":{"v":71980,"d":"€71,980"}},{"$f":"'Assumptions'!H14*'Assumptions'!H17","v":{"v":76110,"d":"€76,110"}},{"$f":"'Assumptions'!I14*'Assumptions'!I17","v":{"v":80400,"d":"€80,400"}},{"$f":"'Assumptions'!J14*'Assumptions'!J17","v":{"v":75600,"d":"€75,600"}},{"$f":"'Assumptions'!K14*'Assumptions'!K17","v":{"v":82800,"d":"€82,800"}},{"$f":"'Assumptions'!L14*'Assumptions'!L17","v":{"v":78000,"d":"€78,000"}},{"$f":"'Assumptions'!M14*'Assumptions'!M17","v":{"v":88750,"d":"€88,750"}},{"$f":"'Assumptions'!N14*'Assumptions'!N17","v":{"v":93750,"d":"€93,750"}},{"$f":"'Assumptions'!O14*'Assumptions'!O17","v":{"v":100100,"d":"€100,100"}},{"$f":"'Assumptions'!P14*'Assumptions'!P17","v":{"v":88400,"d":"€88,400"}}]
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[null,null,"Licence revenue",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Hardware cost",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Licence cost",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Total client delivery hours",null,{"$f":"'Assumptions'!E8*'Assumptions'!E20+'Assumptions'!E14","v":{"v":1420,"d":"1,420.0"}},{"$f":"'Assumptions'!F8*'Assumptions'!F20+'Assumptions'!F14","v":{"v":1465,"d":"1,465.0"}},{"$f":"'Assumptions'!G8*'Assumptions'!G20+'Assumptions'!G14","v":{"v":1534,"d":"1,534.0"}},{"$f":"'Assumptions'!H8*'Assumptions'!H20+'Assumptions'!H14","v":{"v":1580,"d":"1,580.0"}},{"$f":"'Assumptions'!I8*'Assumptions'!I20+'Assumptions'!I14","v":{"v":1616,"d":"1,616.0"}},{"$f":"'Assumptions'!J8*'Assumptions'!J20+'Assumptions'!J14","v":{"v":1686,"d":"1,686.0"}},{"$f":"'Assumptions'!K8*'Assumptions'!K20+'Assumptions'!K14","v":{"v":1770,"d":"1,770.0"}},{"$f":"'Assumptions'!L8*'Assumptions'!L20+'Assumptions'!L14","v":{"v":1730,"d":"1,730.0"}},{"$f":"'Assumptions'!M8*'Assumptions'!M20+'Assumptions'!M14","v":{"v":1815,"d":"1,815.0"}},{"$f":"'Assumptions'!N8*'Assumptions'!N20+'Assumptions'!N14","v":{"v":1855,"d":"1,855.0"}},{"$f":"'Assumptions'!O8*'Assumptions'!O20+'Assumptions'!O14","v":{"v":1946,"d":"1,946.0"}},{"$f":"'Assumptions'!P8*'Assumptions'!P20+'Assumptions'!P14","v":{"v":1856,"d":"1,856.0"}}]
[null,null,"Client media (excluded from revenue)",null,{"$f":"'Assumptions'!E23","v":{"v":180000,"d":"€180,000"}},{"$f":"'Assumptions'!F23","v":{"v":190000,"d":"€190,000"}},{"$f":"'Assumptions'!G23","v":{"v":195000,"d":"€195,000"}},{"$f":"'Assumptions'!H23","v":{"v":205000,"d":"€205,000"}},{"$f":"'Assumptions'!I23","v":{"v":210000,"d":"€210,000"}},{"$f":"'Assumptions'!J23","v":{"v":235000,"d":"€235,000"}},{"$f":"'Assumptions'!K23","v":{"v":245000,"d":"€245,000"}},{"$f":"'Assumptions'!L23","v":{"v":265000,"d":"€265,000"}},{"$f":"'Assumptions'!M23","v":{"v":285000,"d":"€285,000"}},{"$f":"'Assumptions'!N23","v":{"v":300000,"d":"€300,000"}},{"$f":"'Assumptions'!O23","v":{"v":335000,"d":"€335,000"}},{"$f":"'Assumptions'!P23","v":{"v":320000,"d":"€320,000"}}]
[null,null,"Loaded delivery payroll",null,{"$f":"'Assumptions'!E26*'Assumptions'!E29","v":{"v":56400,"d":"€56,400"}},{"$f":"'Assumptions'!F26*'Assumptions'!F29","v":{"v":56400,"d":"€56,400"}},{"$f":"'Assumptions'!G26*'Assumptions'!G29","v":{"v":61750,"d":"€61,750"}},{"$f":"'Assumptions'!H26*'Assumptions'!H29","v":{"v":61750,"d":"€61,750"}},{"$f":"'Assumptions'!I26*'Assumptions'!I29","v":{"v":62400,"d":"€62,400"}},{"$f":"'Assumptions'!J26*'Assumptions'!J29","v":{"v":67200,"d":"€67,200"}},{"$f":"'Assumptions'!K26*'Assumptions'!K29","v":{"v":68600,"d":"€68,600"}},{"$f":"'Assumptions'!L26*'Assumptions'!L29","v":{"v":68600,"d":"€68,600"}},{"$f":"'Assumptions'!M26*'Assumptions'!M29","v":{"v":68600,"d":"€68,600"}},{"$f":"'Assumptions'!N26*'Assumptions'!N29","v":{"v":69300,"d":"€69,300"}},{"$f":"'Assumptions'!O26*'Assumptions'!O29","v":{"v":74250,"d":"€74,250"}},{"$f":"'Assumptions'!P26*'Assumptions'!P29","v":{"v":75000,"d":"€75,000"}}]
[null,null,"Subcontractor cost",null,{"$f":"'Assumptions'!E32*'Assumptions'!E35","v":{"v":9450,"d":"€9,450"}},{"$f":"'Assumptions'!F32*'Assumptions'!F35","v":{"v":9800,"d":"€9,800"}},{"$f":"'Assumptions'!G32*'Assumptions'!G35","v":{"v":11160,"d":"€11,160"}},{"$f":"'Assumptions'!H32*'Assumptions'!H35","v":{"v":11520,"d":"€11,520"}},{"$f":"'Assumptions'!I32*'Assumptions'!I35","v":{"v":12580,"d":"€12,580"}},{"$f":"'Assumptions'!J32*'Assumptions'!J35","v":{"v":13320,"d":"€13,320"}},{"$f":"'Assumptions'!K32*'Assumptions'!K35","v":{"v":14625,"d":"€14,625"}},{"$f":"'Assumptions'!L32*'Assumptions'!L35","v":{"v":15000,"d":"€15,000"}},{"$f":"'Assumptions'!M32*'Assumptions'!M35","v":{"v":13260,"d":"€13,260"}},{"$f":"'Assumptions'!N32*'Assumptions'!N35","v":{"v":13650,"d":"€13,650"}},{"$f":"'Assumptions'!O32*'Assumptions'!O35","v":{"v":14400,"d":"€14,400"}},{"$f":"'Assumptions'!P32*'Assumptions'!P35","v":{"v":12800,"d":"€12,800"}}]
[null,null,"Direct software",null,{"$f":"'Assumptions'!E38","v":{"v":5500,"d":"€5,500"}},{"$f":"'Assumptions'!F38","v":{"v":5500,"d":"€5,500"}},{"$f":"'Assumptions'!G38","v":{"v":5800,"d":"€5,800"}},{"$f":"'Assumptions'!H38","v":{"v":5800,"d":"€5,800"}},{"$f":"'Assumptions'!I38","v":{"v":6000,"d":"€6,000"}},{"$f":"'Assumptions'!J38","v":{"v":6200,"d":"€6,200"}},{"$f":"'Assumptions'!K38","v":{"v":6500,"d":"€6,500"}},{"$f":"'Assumptions'!L38","v":{"v":6500,"d":"€6,500"}},{"$f":"'Assumptions'!M38","v":{"v":6800,"d":"€6,800"}},{"$f":"'Assumptions'!N38","v":{"v":6800,"d":"€6,800"}},{"$f":"'Assumptions'!O38","v":{"v":7200,"d":"€7,200"}},{"$f":"'Assumptions'!P38","v":{"v":7200,"d":"€7,200"}}]
[null,null,"Total recognised revenue",null,{"$f":"SUM(E8:E11)","v":{"v":131000,"d":"€131,000"}},{"$f":"SUM(F8:F11)","v":{"v":134375,"d":"€134,375"}},{"$f":"SUM(G8:G11)","v":{"v":140730,"d":"€140,730"}},{"$f":"SUM(H8:H11)","v":{"v":146510,"d":"€146,510"}},{"$f":"SUM(I8:I11)","v":{"v":150800,"d":"€150,800"}},{"$f":"SUM(J8:J11)","v":{"v":153600,"d":"€153,600"}},{"$f":"SUM(K8:K11)","v":{"v":160800,"d":"€160,800"}},{"$f":"SUM(L8:L11)","v":{"v":156000,"d":"€156,000"}},{"$f":"SUM(M8:M11)","v":{"v":175200,"d":"€175,200"}},{"$f":"SUM(N8:N11)","v":{"v":180850,"d":"€180,850"}},{"$f":"SUM(O8:O11)","v":{"v":193900,"d":"€193,900"}},{"$f":"SUM(P8:P11)","v":{"v":184300,"d":"€184,300"}}]
[null,null,"Total direct costs",null,{"$f":"SUM(E12:E13,E16:E18)","v":{"v":71350,"d":"€71,350"}},{"$f":"SUM(F12:F13,F16:F18)","v":{"v":71700,"d":"€71,700"}},{"$f":"SUM(G12:G13,G16:G18)","v":{"v":78710,"d":"€78,710"}},{"$f":"SUM(H12:H13,H16:H18)","v":{"v":79070,"d":"€79,070"}},{"$f":"SUM(I12:I13,I16:I18)","v":{"v":80980,"d":"€80,980"}},{"$f":"SUM(J12:J13,J16:J18)","v":{"v":86720,"d":"€86,720"}},{"$f":"SUM(K12:K13,K16:K18)","v":{"v":89725,"d":"€89,725"}},{"$f":"SUM(L12:L13,L16:L18)","v":{"v":90100,"d":"€90,100"}},{"$f":"SUM(M12:M13,M16:M18)","v":{"v":88660,"d":"€88,660"}},{"$f":"SUM(N12:N13,N16:N18)","v":{"v":89750,"d":"€89,750"}},{"$f":"SUM(O12:O13,O16:O18)","v":{"v":95850,"d":"€95,850"}},{"$f":"SUM(P12:P13,P16:P18)","v":{"v":95000,"d":"€95,000"}}]
[null,null,"Gross profit",null,{"$f":"E19-E20","v":{"v":59650,"d":"€59,650"}},{"$f":"F19-F20","v":{"v":62675,"d":"€62,675"}},{"$f":"G19-G20","v":{"v":62020,"d":"€62,020"}},{"$f":"H19-H20","v":{"v":67440,"d":"€67,440"}},{"$f":"I19-I20","v":{"v":69820,"d":"€69,820"}},{"$f":"J19-J20","v":{"v":66880,"d":"€66,880"}},{"$f":"K19-K20","v":{"v":71075,"d":"€71,075"}},{"$f":"L19-L20","v":{"v":65900,"d":"€65,900"}},{"$f":"M19-M20","v":{"v":86540,"d":"€86,540"}},{"$f":"N19-N20","v":{"v":91100,"d":"€91,100"}},{"$f":"O19-O20","v":{"v":98050,"d":"€98,050"}},{"$f":"P19-P20","v":{"v":89300,"d":"€89,300"}}]
[null,null,"Gross margin",null,{"$f":"E21/E19","v":{"v":0.45534351145038165,"d":"45.5%"}},{"$f":"F21/F19","v":{"v":0.4664186046511628,"d":"46.6%"}},{"$f":"G21/G19","v":{"v":0.44070205357777303,"d":"44.1%"}},{"$f":"H21/H19","v":{"v":0.4603098764589448,"d":"46.0%"}},{"$f":"I21/I19","v":{"v":0.4629973474801061,"d":"46.3%"}},{"$f":"J21/J19","v":{"v":0.4354166666666667,"d":"43.5%"}},{"$f":"K21/K19","v":{"v":0.4420087064676617,"d":"44.2%"}},{"$f":"L21/L19","v":{"v":0.42243589743589743,"d":"42.2%"}},{"$f":"M21/M19","v":{"v":0.4939497716894977,"d":"49.4%"}},{"$f":"N21/N19","v":{"v":0.5037323748963229,"d":"50.4%"}},{"$f":"O21/O19","v":{"v":0.5056730273336771,"d":"50.6%"}},{"$f":"P21/P19","v":{"v":0.4845360824742268,"d":"48.5%"}}]
[null,null,"Operating expenses",null,{"$f":"'Assumptions'!E41+'Assumptions'!E44+'Assumptions'!E47+'Assumptions'!E50","v":{"v":44000,"d":"€44,000"}},{"$f":"'Assumptions'!F41+'Assumptions'!F44+'Assumptions'!F47+'Assumptions'!F50","v":{"v":44500,"d":"€44,500"}},{"$f":"'Assumptions'!G41+'Assumptions'!G44+'Assumptions'!G47+'Assumptions'!G50","v":{"v":45500,"d":"€45,500"}},{"$f":"'Assumptions'!H41+'Assumptions'!H44+'Assumptions'!H47+'Assumptions'!H50","v":{"v":45900,"d":"€45,900"}},{"$f":"'Assumptions'!I41+'Assumptions'!I44+'Assumptions'!I47+'Assumptions'!I50","v":{"v":46700,"d":"€46,700"}},{"$f":"'Assumptions'!J41+'Assumptions'!J44+'Assumptions'!J47+'Assumptions'!J50","v":{"v":48200,"d":"€48,200"}},{"$f":"'Assumptions'!K41+'Assumptions'!K44+'Assumptions'!K47+'Assumptions'!K50","v":{"v":50500,"d":"€50,500"}},{"$f":"'Assumptions'!L41+'Assumptions'!L44+'Assumptions'!L47+'Assumptions'!L50","v":{"v":50500,"d":"€50,500"}},{"$f":"'Assumptions'!M41+'Assumptions'!M44+'Assumptions'!M47+'Assumptions'!M50","v":{"v":50000,"d":"€50,000"}},{"$f":"'Assumptions'!N41+'Assumptions'!N44+'Assumptions'!N47+'Assumptions'!N50","v":{"v":51000,"d":"€51,000"}},{"$f":"'Assumptions'!O41+'Assumptions'!O44+'Assumptions'!O47+'Assumptions'!O50","v":{"v":53800,"d":"€53,800"}},{"$f":"'Assumptions'!P41+'Assumptions'!P44+'Assumptions'!P47+'Assumptions'!P50","v":{"v":52800,"d":"€52,800"}}]
[null,null,"EBITDA",null,{"$f":"E21-E23","v":{"v":15650,"d":"€15,650"}},{"$f":"F21-F23","v":{"v":18175,"d":"€18,175"}},{"$f":"G21-G23","v":{"v":16520,"d":"€16,520"}},{"$f":"H21-H23","v":{"v":21540,"d":"€21,540"}},{"$f":"I21-I23","v":{"v":23120,"d":"€23,120"}},{"$f":"J21-J23","v":{"v":18680,"d":"€18,680"}},{"$f":"K21-K23","v":{"v":20575,"d":"€20,575"}},{"$f":"L21-L23","v":{"v":15400,"d":"€15,400"}},{"$f":"M21-M23","v":{"v":36540,"d":"€36,540"}},{"$f":"N21-N23","v":{"v":40100,"d":"€40,100"}},{"$f":"O21-O23","v":{"v":44250,"d":"€44,250"}},{"$f":"P21-P23","v":{"v":36500,"d":"€36,500"}}]
[null,null,"Internal delivery hours",null,{"$f":"E14-'Assumptions'!E32","v":{"v":1285,"d":"1,285.0"}},{"$f":"F14-'Assumptions'!F32","v":{"v":1325,"d":"1,325.0"}},{"$f":"G14-'Assumptions'!G32","v":{"v":1379,"d":"1,379.0"}},{"$f":"H14-'Assumptions'!H32","v":{"v":1420,"d":"1,420.0"}},{"$f":"I14-'Assumptions'!I32","v":{"v":1446,"d":"1,446.0"}},{"$f":"J14-'Assumptions'!J32","v":{"v":1506,"d":"1,506.0"}},{"$f":"K14-'Assumptions'!K32","v":{"v":1575,"d":"1,575.0"}},{"$f":"L14-'Assumptions'!L32","v":{"v":1530,"d":"1,530.0"}},{"$f":"M14-'Assumptions'!M32","v":{"v":1645,"d":"1,645.0"}},{"$f":"N14-'Assumptions'!N32","v":{"v":1680,"d":"1,680.0"}},{"$f":"O14-'Assumptions'!O32","v":{"v":1766,"d":"1,766.0"}},{"$f":"P14-'Assumptions'!P32","v":{"v":1696,"d":"1,696.0"}}]
[null,null,"Available internal hours",null,{"$f":"'Assumptions'!E26*160","v":{"v":1920,"d":"1,920.0"}},{"$f":"'Assumptions'!F26*160","v":{"v":1920,"d":"1,920.0"}},{"$f":"'Assumptions'!G26*160","v":{"v":2080,"d":"2,080.0"}},{"$f":"'Assumptions'!H26*160","v":{"v":2080,"d":"2,080.0"}},{"$f":"'Assumptions'!I26*160","v":{"v":2080,"d":"2,080.0"}},{"$f":"'Assumptions'!J26*160","v":{"v":2240,"d":"2,240.0"}},{"$f":"'Assumptions'!K26*160","v":{"v":2240,"d":"2,240.0"}},{"$f":"'Assumptions'!L26*160","v":{"v":2240,"d":"2,240.0"}},{"$f":"'Assumptions'!M26*160","v":{"v":2240,"d":"2,240.0"}},{"$f":"'Assumptions'!N26*160","v":{"v":2240,"d":"2,240.0"}},{"$f":"'Assumptions'!O26*160","v":{"v":2400,"d":"2,400.0"}},{"$f":"'Assumptions'!P26*160","v":{"v":2400,"d":"2,400.0"}}]
[null,null,"Internal capacity utilisation",null,{"$f":"E25/E26","v":{"v":0.6692708333333334,"d":"66.9%"}},{"$f":"F25/F26","v":{"v":0.6901041666666666,"d":"69.0%"}},{"$f":"G25/G26","v":{"v":0.6629807692307692,"d":"66.3%"}},{"$f":"H25/H26","v":{"v":0.6826923076923077,"d":"68.3%"}},{"$f":"I25/I26","v":{"v":0.6951923076923077,"d":"69.5%"}},{"$f":"J25/J26","v":{"v":0.6723214285714286,"d":"67.2%"}},{"$f":"K25/K26","v":{"v":0.703125,"d":"70.3%"}},{"$f":"L25/L26","v":{"v":0.6830357142857143,"d":"68.3%"}},{"$f":"M25/M26","v":{"v":0.734375,"d":"73.4%"}},{"$f":"N25/N26","v":{"v":0.75,"d":"75.0%"}},{"$f":"O25/O26","v":{"v":0.7358333333333333,"d":"73.6%"}},{"$f":"P25/P26","v":{"v":0.7066666666666667,"d":"70.7%"}}]
[null,null,"Unallocated internal hours",null,{"$f":"E26-E25","v":{"v":635,"d":"635.0"}},{"$f":"F26-F25","v":{"v":595,"d":"595.0"}},{"$f":"G26-G25","v":{"v":701,"d":"701.0"}},{"$f":"H26-H25","v":{"v":660,"d":"660.0"}},{"$f":"I26-I25","v":{"v":634,"d":"634.0"}},{"$f":"J26-J25","v":{"v":734,"d":"734.0"}},{"$f":"K26-K25","v":{"v":665,"d":"665.0"}},{"$f":"L26-L25","v":{"v":710,"d":"710.0"}},{"$f":"M26-M25","v":{"v":595,"d":"595.0"}},{"$f":"N26-N25","v":{"v":560,"d":"560.0"}},{"$f":"O26-O25","v":{"v":634,"d":"634.0"}},{"$f":"P26-P25","v":{"v":704,"d":"704.0"}}]
[null,null,"Billings before contract advances",null,{"$f":"'Operating model'!E19+'Working capital'!E8-'Working capital'!E9","v":{"v":136340,"d":"€136,340"}},{"$f":"'Operating model'!F19+'Working capital'!F8-'Working capital'!F9","v":{"v":133253.75,"d":"€133,254"}},{"$f":"'Operating model'!G19+'Working capital'!G8-'Working capital'!G9","v":{"v":139994.45,"d":"€139,994"}},{"$f":"'Operating model'!H19+'Working capital'!H8-'Working capital'!H9","v":{"v":145849.19999999998,"d":"€145,849"}},{"$f":"'Operating model'!I19+'Working capital'!I8-'Working capital'!I9","v":{"v":148505.6,"d":"€148,506"}},{"$f":"'Operating model'!J19+'Working capital'!J8-'Working capital'!J9","v":{"v":152952,"d":"€152,952"}},{"$f":"'Operating model'!K19+'Working capital'!K8-'Working capital'!K9","v":{"v":156876,"d":"€156,876"}},{"$f":"'Operating model'!L19+'Working capital'!L8-'Working capital'!L9","v":{"v":155544,"d":"€155,544"}},{"$f":"'Operating model'!M19+'Working capital'!M8-'Working capital'!M9","v":{"v":180500,"d":"€180,500"}},{"$f":"'Operating model'!N19+'Working capital'!N8-'Working capital'!N9","v":{"v":180987.5,"d":"€180,988"}},{"$f":"'Operating model'!O19+'Working capital'!O8-'Working capital'!O9","v":{"v":193948.5,"d":"€193,949"}},{"$f":"'Operating model'!P19+'Working capital'!P8-'Working capital'!P9","v":{"v":187706,"d":"€187,706"}}]
[null,null,"Resale contribution",null,{"$f":"E10+E11-E12-E13","v":0},{"$f":"F10+F11-F12-F13","v":0},{"$f":"G10+G11-G12-G13","v":0},{"$f":"H10+H11-H12-H13","v":0},{"$f":"I10+I11-I12-I13","v":0},{"$f":"J10+J11-J12-J13","v":0},{"$f":"K10+K11-K12-K13","v":0},{"$f":"L10+L11-L12-L13","v":0},{"$f":"M10+M11-M12-M13","v":0},{"$f":"N10+N11-N12-N13","v":0},{"$f":"O10+O11-O12-O13","v":0},{"$f":"P10+P11-P12-P13","v":0}]
[null,null,"Recurring service fees / revenue",null,{"$f":"E8/E19","v":{"v":0.4732824427480916,"d":"47.3%"}},{"$f":"F8/F19","v":{"v":0.46511627906976744,"d":"46.5%"}},{"$f":"G8/G19","v":{"v":0.48852412420947916,"d":"48.9%"}},{"$f":"H8/H19","v":{"v":0.48051327554433143,"d":"48.1%"}},{"$f":"I8/I19","v":{"v":0.46684350132625996,"d":"46.7%"}},{"$f":"J8/J19","v":{"v":0.5078125,"d":"50.8%"}},{"$f":"K8/K19","v":{"v":0.48507462686567165,"d":"48.5%"}},{"$f":"L8/L19","v":{"v":0.5,"d":"50.0%"}},{"$f":"M8/M19","v":{"v":0.4934360730593607,"d":"49.3%"}},{"$f":"N8/N19","v":{"v":0.48161459773292786,"d":"48.2%"}},{"$f":"O8/O19","v":{"v":0.48375451263537905,"d":"48.4%"}},{"$f":"P8/P19","v":{"v":0.5203472599023331,"d":"52.0%"}}]
[null,null,"Support tickets",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
{"$rows_empty":10}
[null,null,"Media funds are prefunded and settled monthly. No media fee revenue."]
[]
[null,null,"Available hours: 160 per paid FTE per month, excluding overtime."]
[]
[null,null,"Subcontracted hours reduce internal delivery requirements."]
[]
[]
[null,null,"August client contribution allocation"]
[]
[null,null,"Service stream","Fee share","Revenue","Internal hours","Payroll allocation","Subcontractor cost","Other direct cost","Contribution"]
[null,null,"Retainer portfolio A",{"v":0.4,"d":"40.0%"},{"$f":"L8*D53","v":{"v":31200,"d":"€31,200"}},{"$f":"L25*E53/L19","v":{"v":306,"d":"306.0"}},{"$f":"L16*E53/L19","v":{"v":13720,"d":"€13,720"}},{"$f":"L17*E53/L19","v":{"v":3000,"d":"€3,000"}},{"$f":"L18*E53/L19","v":{"v":1300,"d":"€1,300"}},{"$f":"E53-SUM(G53:I53)","v":{"v":13180,"d":"€13,180"}}]
[null,null,"Retainer portfolio B",{"v":0.35,"d":"35.0%"},{"$f":"L8*D54","v":{"v":27300,"d":"€27,300"}},{"$f":"L25*E54/L19","v":{"v":267.75,"d":"267.8"}},{"$f":"L16*E54/L19","v":{"v":12005,"d":"€12,005"}},{"$f":"L17*E54/L19","v":{"v":2625,"d":"€2,625"}},{"$f":"L18*E54/L19","v":{"v":1137.5,"d":"€1,138"}},{"$f":"E54-SUM(G54:I54)","v":{"v":11532.5,"d":"€11,533"}}]
[null,null,"Retainer portfolio C",{"v":0.25,"d":"25.0%"},{"$f":"L8*D55","v":{"v":19500,"d":"€19,500"}},{"$f":"L25*E55/L19","v":{"v":191.25,"d":"191.3"}},{"$f":"L16*E55/L19","v":{"v":8575,"d":"€8,575"}},{"$f":"L17*E55/L19","v":{"v":1875,"d":"€1,875"}},{"$f":"L18*E55/L19","v":{"v":812.5,"d":"€813"}},{"$f":"E55-SUM(G55:I55)","v":{"v":8237.5,"d":"€8,238"}}]
[null,null,"Project delivery A",{"v":0.6,"d":"60.0%"},{"$f":"L9*D56","v":{"v":46800,"d":"€46,800"}},{"$f":"L25*E56/L19","v":{"v":459,"d":"459.0"}},{"$f":"L16*E56/L19","v":{"v":20580,"d":"€20,580"}},{"$f":"L17*E56/L19","v":{"v":4500,"d":"€4,500"}},{"$f":"L18*E56/L19","v":{"v":1950,"d":"€1,950"}},{"$f":"E56-SUM(G56:I56)","v":{"v":19770,"d":"€19,770"}}]
[null,null,"Project delivery B",{"v":0.4,"d":"40.0%"},{"$f":"L9*D57","v":{"v":31200,"d":"€31,200"}},{"$f":"L25*E57/L19","v":{"v":306,"d":"306.0"}},{"$f":"L16*E57/L19","v":{"v":13720,"d":"€13,720"}},{"$f":"L17*E57/L19","v":{"v":3000,"d":"€3,000"}},{"$f":"L18*E57/L19","v":{"v":1300,"d":"€1,300"}},{"$f":"E57-SUM(G57:I57)","v":{"v":13180,"d":"€13,180"}}]
[]
[]
[null,null,"Costs are fully allocated by service fee share, including bench cost."]

{"sheet":"Working capital","index":7,"n_rows":33,"n_cols":16,"rows_kept":33}
[]
[null,null,"Working capital"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Opening unbilled contract assets",null,{"$f":"'Source inputs'!$E$52","v":{"v":15000,"d":"€15,000"}},{"$f":"E9","v":{"v":9660.000000000002,"d":"€9,660"}},{"$f":"F9","v":{"v":10781.25,"d":"€10,781"}},{"$f":"G9","v":{"v":11516.800000000001,"d":"€11,517"}},{"$f":"H9","v":{"v":12177.6,"d":"€12,178"}},{"$f":"I9","v":{"v":14472,"d":"€14,472"}},{"$f":"J9","v":{"v":15120,"d":"€15,120"}},{"$f":"K9","v":{"v":19044,"d":"€19,044"}},{"$f":"L9","v":{"v":19500,"d":"€19,500"}},{"$f":"M9","v":{"v":14200,"d":"€14,200"}},{"$f":"N9","v":{"v":14062.5,"d":"€14,063"}},{"$f":"O9","v":{"v":14014.000000000002,"d":"€14,014"}}]
[null,null,"Closing unbilled contract assets",null,{"$f":"'P&L'!E9*'Assumptions'!E59","v":{"v":9660.000000000002,"d":"€9,660"}},{"$f":"'P&L'!F9*'Assumptions'!F59","v":{"v":10781.25,"d":"€10,781"}},{"$f":"'P&L'!G9*'Assumptions'!G59","v":{"v":11516.800000000001,"d":"€11,517"}},{"$f":"'P&L'!H9*'Assumptions'!H59","v":{"v":12177.6,"d":"€12,178"}},{"$f":"'P&L'!I9*'Assumptions'!I59","v":{"v":14472,"d":"€14,472"}},{"$f":"'P&L'!J9*'Assumptions'!J59","v":{"v":15120,"d":"€15,120"}},{"$f":"'P&L'!K9*'Assumptions'!K59","v":{"v":19044,"d":"€19,044"}},{"$f":"'P&L'!L9*'Assumptions'!L59","v":{"v":19500,"d":"€19,500"}},{"$f":"'P&L'!M9*'Assumptions'!M59","v":{"v":14200,"d":"€14,200"}},{"$f":"'P&L'!N9*'Assumptions'!N59","v":{"v":14062.5,"d":"€14,063"}},{"$f":"'P&L'!O9*'Assumptions'!O59","v":{"v":14014.000000000002,"d":"€14,014"}},{"$f":"'P&L'!P9*'Assumptions'!P59","v":{"v":10608,"d":"€10,608"}}]
[null,null,"Opening advance contract billings",null,{"$f":"'Source inputs'!$E$53","v":{"v":23000,"d":"€23,000"}},{"$f":"E11","v":{"v":24800,"d":"€24,800"}},{"$f":"F11","v":{"v":25000,"d":"€25,000"}},{"$f":"G11","v":{"v":27500,"d":"€27,500"}},{"$f":"H11","v":{"v":28160,"d":"€28,160"}},{"$f":"I11","v":{"v":28160,"d":"€28,160"}},{"$f":"J11","v":{"v":31200,"d":"€31,200"}},{"$f":"K11","v":{"v":31200,"d":"€31,200"}},{"$f":"L11","v":{"v":31200,"d":"€31,200"}},{"$f":"M11","v":{"v":34580,"d":"€34,580"}},{"$f":"N11","v":{"v":34840,"d":"€34,840"}},{"$f":"O11","v":{"v":37520,"d":"€37,520"}}]
[null,null,"Closing advance contract billings",null,{"$f":"'P&L'!E8*'Assumptions'!E62","v":{"v":24800,"d":"€24,800"}},{"$f":"'P&L'!F8*'Assumptions'!F62","v":{"v":25000,"d":"€25,000"}},{"$f":"'P&L'!G8*'Assumptions'!G62","v":{"v":27500,"d":"€27,500"}},{"$f":"'P&L'!H8*'Assumptions'!H62","v":{"v":28160,"d":"€28,160"}},{"$f":"'P&L'!I8*'Assumptions'!I62","v":{"v":28160,"d":"€28,160"}},{"$f":"'P&L'!J8*'Assumptions'!J62","v":{"v":31200,"d":"€31,200"}},{"$f":"'P&L'!K8*'Assumptions'!K62","v":{"v":31200,"d":"€31,200"}},{"$f":"'P&L'!L8*'Assumptions'!L62","v":{"v":31200,"d":"€31,200"}},{"$f":"'P&L'!M8*'Assumptions'!M62","v":{"v":34580,"d":"€34,580"}},{"$f":"'P&L'!N8*'Assumptions'!N62","v":{"v":34840,"d":"€34,840"}},{"$f":"'P&L'!O8*'Assumptions'!O62","v":{"v":37520,"d":"€37,520"}},{"$f":"'P&L'!P8*'Assumptions'!P62","v":{"v":38360,"d":"€38,360"}}]
[null,null,"Invoices including contract advances",null,{"$f":"'P&L'!E12+E8-E9+E11-E10","v":{"v":138140,"d":"€138,140"}},{"$f":"'P&L'!F12+F8-F9+F11-F10","v":{"v":133453.75,"d":"€133,454"}},{"$f":"'P&L'!G12+G8-G9+G11-G10","v":{"v":142494.45,"d":"€142,494"}},{"$f":"'P&L'!H12+H8-H9+H11-H10","v":{"v":146509.19999999998,"d":"€146,509"}},{"$f":"'P&L'!I12+I8-I9+I11-I10","v":{"v":148505.6,"d":"€148,506"}},{"$f":"'P&L'!J12+J8-J9+J11-J10","v":{"v":155992,"d":"€155,992"}},{"$f":"'P&L'!K12+K8-K9+K11-K10","v":{"v":156876,"d":"€156,876"}},{"$f":"'P&L'!L12+L8-L9+L11-L10","v":{"v":155544,"d":"€155,544"}},{"$f":"'P&L'!M12+M8-M9+M11-M10","v":{"v":183880,"d":"€183,880"}},{"$f":"'P&L'!N12+N8-N9+N11-N10","v":{"v":181247.5,"d":"€181,248"}},{"$f":"'P&L'!O12+O8-O9+O11-O10","v":{"v":196628.5,"d":"€196,629"}},{"$f":"'P&L'!P12+P8-P9+P11-P10","v":{"v":188546,"d":"€188,546"}}]
[]
[null,null,"Opening accounts receivable",null,{"$f":"'Source inputs'!$E$51","v":{"v":115000,"d":"€115,000"}},{"$f":"E19","v":{"v":128000,"d":"€128,000"}},{"$f":"F19","v":{"v":137000,"d":"€137,000"}},{"$f":"G19","v":{"v":146000,"d":"€146,000"}},{"$f":"H19","v":{"v":158000,"d":"€158,000"}},{"$f":"I19","v":{"v":174000,"d":"€174,000"}},{"$f":"J19","v":{"v":189000,"d":"€189,000"}},{"$f":"K19","v":{"v":203000,"d":"€203,000"}},{"$f":"L19","v":{"v":220000,"d":"€220,000"}},{"$f":"M19","v":{"v":183880,"d":"€183,880"}},{"$f":"N19","v":{"v":204185.48387096773,"d":"€204,185"}},{"$f":"O19","v":{"v":219753.33333333334,"d":"€219,753"}}]
[null,null,"Scheduled opening invoice receipts",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&M$7,'AR and AP'!$I$9:$I$16,\"<\"&EDATE(M$7,1))","v":{"v":220000,"d":"€220,000"}},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&N$7,'AR and AP'!$I$9:$I$16,\"<\"&EDATE(N$7,1))","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&O$7,'AR and AP'!$I$9:$I$16,\"<\"&EDATE(O$7,1))","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&P$7,'AR and AP'!$I$9:$I$16,\"<\"&EDATE(P$7,1))","v":0}]
[null,null,"Unpaid opening receivable floor",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&EDATE(M$7,1))","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&EDATE(N$7,1))","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&EDATE(O$7,1))","v":0},{"$f":"SUMIFS('AR and AP'!$F$9:$F$16,'AR and AP'!$I$9:$I$16,\">=\"&EDATE(P$7,1))","v":0}]
[null,null,"Target receivables at selected days",null,{"$f":"'P&L'!E12*'Assumptions'!E53/31","v":{"v":160580.64516129033,"d":"€160,581"}},{"$f":"'P&L'!F12*'Assumptions'!F53/28","v":{"v":182366.07142857142,"d":"€182,366"}},{"$f":"'P&L'!G12*'Assumptions'!G53/31","v":{"v":172507.74193548388,"d":"€172,508"}},{"$f":"'P&L'!H12*'Assumptions'!H53/30","v":{"v":185579.33333333334,"d":"€185,579"}},{"$f":"'P&L'!I12*'Assumptions'!I53/31","v":{"v":184851.61290322582,"d":"€184,852"}},{"$f":"'P&L'!J12*'Assumptions'!J53/30","v":{"v":194560,"d":"€194,560"}},{"$f":"'P&L'!K12*'Assumptions'!K53/31","v":{"v":197109.67741935485,"d":"€197,110"}},{"$f":"'P&L'!L12*'Assumptions'!L53/31","v":{"v":191225.8064516129,"d":"€191,226"}},{"$f":"'P&L'!M12*'Assumptions'!M53/30","v":{"v":216080,"d":"€216,080"}},{"$f":"'P&L'!N12*'Assumptions'!N53/31","v":{"v":204185.48387096773,"d":"€204,185"}},{"$f":"'P&L'!O12*'Assumptions'!O53/30","v":{"v":219753.33333333334,"d":"€219,753"}},{"$f":"'P&L'!P12*'Assumptions'!P53/31","v":{"v":202135.48387096773,"d":"€202,135"}}]
[null,null,"Receivables after known collections",null,{"$f":"E14+E12-E15","v":{"v":253140,"d":"€253,140"}},{"$f":"F14+F12-F15","v":{"v":261453.75,"d":"€261,454"}},{"$f":"G14+G12-G15","v":{"v":279494.45,"d":"€279,494"}},{"$f":"H14+H12-H15","v":{"v":292509.19999999995,"d":"€292,509"}},{"$f":"I14+I12-I15","v":{"v":306505.6,"d":"€306,506"}},{"$f":"J14+J12-J15","v":{"v":329992,"d":"€329,992"}},{"$f":"K14+K12-K15","v":{"v":345876,"d":"€345,876"}},{"$f":"L14+L12-L15","v":{"v":358544,"d":"€358,544"}},{"$f":"M14+M12-M15","v":{"v":183880,"d":"€183,880"}},{"$f":"N14+N12-N15","v":{"v":365127.5,"d":"€365,128"}},{"$f":"O14+O12-O15","v":{"v":400813.98387096776,"d":"€400,814"}},{"$f":"P14+P12-P15","v":{"v":408299.3333333334,"d":"€408,299"}}]
[null,null,"Closing accounts receivable",null,{"$f":"'Source inputs'!E68","v":{"v":128000,"d":"€128,000"}},{"$f":"'Source inputs'!F68","v":{"v":137000,"d":"€137,000"}},{"$f":"'Source inputs'!G68","v":{"v":146000,"d":"€146,000"}},{"$f":"'Source inputs'!H68","v":{"v":158000,"d":"€158,000"}},{"$f":"'Source inputs'!I68","v":{"v":174000,"d":"€174,000"}},{"$f":"'Source inputs'!J68","v":{"v":189000,"d":"€189,000"}},{"$f":"'Source inputs'!K68","v":{"v":203000,"d":"€203,000"}},{"$f":"'Source inputs'!L68","v":{"v":220000,"d":"€220,000"}},{"$f":"MAX(M16,MIN(M17,M18))","v":{"v":183880,"d":"€183,880"}},{"$f":"MAX(N16,MIN(N17,N18))","v":{"v":204185.48387096773,"d":"€204,185"}},{"$f":"MAX(O16,MIN(O17,O18))","v":{"v":219753.33333333334,"d":"€219,753"}},{"$f":"MAX(P16,MIN(P17,P18))","v":{"v":202135.48387096773,"d":"€202,135"}}]
[null,null,"Customer cash receipts",null,{"$f":"E14+E12-E19","v":{"v":125140,"d":"€125,140"}},{"$f":"F14+F12-F19","v":{"v":124453.75,"d":"€124,454"}},{"$f":"G14+G12-G19","v":{"v":133494.45,"d":"€133,494"}},{"$f":"H14+H12-H19","v":{"v":134509.19999999995,"d":"€134,509"}},{"$f":"I14+I12-I19","v":{"v":132505.59999999998,"d":"€132,506"}},{"$f":"J14+J12-J19","v":{"v":140992,"d":"€140,992"}},{"$f":"K14+K12-K19","v":{"v":142876,"d":"€142,876"}},{"$f":"L14+L12-L19","v":{"v":138544,"d":"€138,544"}},{"$f":"M14+M12-M19","v":{"v":220000,"d":"€220,000"}},{"$f":"N14+N12-N19","v":{"v":160942.01612903227,"d":"€160,942"}},{"$f":"O14+O12-O19","v":{"v":181060.6505376344,"d":"€181,061"}},{"$f":"P14+P12-P19","v":{"v":206163.84946236564,"d":"€206,164"}}]
[]
[null,null,"Opening accounts payable",null,{"$f":"'Source inputs'!$E$54","v":{"v":30000,"d":"€30,000"}},{"$f":"E26","v":{"v":31000,"d":"€31,000"}},{"$f":"F26","v":{"v":32000,"d":"€32,000"}},{"$f":"G26","v":{"v":35000,"d":"€35,000"}},{"$f":"H26","v":{"v":36000,"d":"€36,000"}},{"$f":"I26","v":{"v":37000,"d":"€37,000"}},{"$f":"J26","v":{"v":39000,"d":"€39,000"}},{"$f":"K26","v":{"v":42000,"d":"€42,000"}},{"$f":"L26","v":{"v":46000,"d":"€46,000"}},{"$f":"M26","v":{"v":27296.666666666668,"d":"€27,297"}},{"$f":"N26","v":{"v":27071.935483870966,"d":"€27,072"}},{"$f":"O26","v":{"v":28580,"d":"€28,580"}}]
[null,null,"New supplier costs",null,{"$f":"'P&L'!E14+'P&L'!E15+'P&L'!E16+'P&L'!E17","v":{"v":14950,"d":"€14,950"}},{"$f":"'P&L'!F14+'P&L'!F15+'P&L'!F16+'P&L'!F17","v":{"v":15300,"d":"€15,300"}},{"$f":"'P&L'!G14+'P&L'!G15+'P&L'!G16+'P&L'!G17","v":{"v":16960,"d":"€16,960"}},{"$f":"'P&L'!H14+'P&L'!H15+'P&L'!H16+'P&L'!H17","v":{"v":17320,"d":"€17,320"}},{"$f":"'P&L'!I14+'P&L'!I15+'P&L'!I16+'P&L'!I17","v":{"v":18580,"d":"€18,580"}},{"$f":"'P&L'!J14+'P&L'!J15+'P&L'!J16+'P&L'!J17","v":{"v":19520,"d":"€19,520"}},{"$f":"'P&L'!K14+'P&L'!K15+'P&L'!K16+'P&L'!K17","v":{"v":21125,"d":"€21,125"}},{"$f":"'P&L'!L14+'P&L'!L15+'P&L'!L16+'P&L'!L17","v":{"v":21500,"d":"€21,500"}},{"$f":"'P&L'!M14+'P&L'!M15+'P&L'!M16+'P&L'!M17","v":{"v":20060,"d":"€20,060"}},{"$f":"'P&L'!N14+'P&L'!N15+'P&L'!N16+'P&L'!N17","v":{"v":20450,"d":"€20,450"}},{"$f":"'P&L'!O14+'P&L'!O15+'P&L'!O16+'P&L'!O17","v":{"v":21600,"d":"€21,600"}},{"$f":"'P&L'!P14+'P&L'!P15+'P&L'!P16+'P&L'!P17","v":{"v":20000,"d":"€20,000"}}]
[null,null,"Opening payables not yet scheduled",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"SUM('AR and AP'!$H$24:$H$31)-SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\"<\"&EDATE(M$7,1))","v":{"v":10580,"d":"€10,580"}},{"$f":"SUM('AR and AP'!$H$24:$H$31)-SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\"<\"&EDATE(N$7,1))","v":{"v":10580,"d":"€10,580"}},{"$f":"SUM('AR and AP'!$H$24:$H$31)-SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\"<\"&EDATE(O$7,1))","v":{"v":10580,"d":"€10,580"}},{"$f":"SUM('AR and AP'!$H$24:$H$31)-SUMIFS('AR and AP'!$M$24:$M$31,'AR and AP'!$N$24:$N$31,\"<\"&EDATE(P$7,1))","v":{"v":10580,"d":"€10,580"}}]
[null,null,"New supplier closing payable target",null,{"$f":"E23*'Assumptions'!E56/31","v":{"v":12056.451612903225,"d":"€12,056"}},{"$f":"F23*'Assumptions'!F56/28","v":{"v":13660.714285714286,"d":"€13,661"}},{"$f":"G23*'Assumptions'!G56/31","v":{"v":13677.41935483871,"d":"€13,677"}},{"$f":"H23*'Assumptions'!H56/30","v":{"v":14433.333333333334,"d":"€14,433"}},{"$f":"I23*'Assumptions'!I56/31","v":{"v":14983.870967741936,"d":"€14,984"}},{"$f":"J23*'Assumptions'!J56/30","v":{"v":16266.666666666666,"d":"€16,267"}},{"$f":"K23*'Assumptions'!K56/31","v":{"v":17036.290322580644,"d":"€17,036"}},{"$f":"L23*'Assumptions'!L56/31","v":{"v":17338.709677419356,"d":"€17,339"}},{"$f":"M23*'Assumptions'!M56/30","v":{"v":16716.666666666668,"d":"€16,717"}},{"$f":"N23*'Assumptions'!N56/31","v":{"v":16491.935483870966,"d":"€16,492"}},{"$f":"O23*'Assumptions'!O56/30","v":{"v":18000,"d":"€18,000"}},{"$f":"P23*'Assumptions'!P56/31","v":{"v":16129.032258064517,"d":"€16,129"}}]
[null,null,"Closing accounts payable",null,{"$f":"'Source inputs'!E69","v":{"v":31000,"d":"€31,000"}},{"$f":"'Source inputs'!F69","v":{"v":32000,"d":"€32,000"}},{"$f":"'Source inputs'!G69","v":{"v":35000,"d":"€35,000"}},{"$f":"'Source inputs'!H69","v":{"v":36000,"d":"€36,000"}},{"$f":"'Source inputs'!I69","v":{"v":37000,"d":"€37,000"}},{"$f":"'Source inputs'!J69","v":{"v":39000,"d":"€39,000"}},{"$f":"'Source inputs'!K69","v":{"v":42000,"d":"€42,000"}},{"$f":"'Source inputs'!L69","v":{"v":46000,"d":"€46,000"}},{"$f":"M24+M25","v":{"v":27296.666666666668,"d":"€27,297"}},{"$f":"N24+N25","v":{"v":27071.935483870966,"d":"€27,072"}},{"$f":"O24+O25","v":{"v":28580,"d":"€28,580"}},{"$f":"P24+P25","v":{"v":26709.032258064515,"d":"€26,709"}}]
[null,null,"Supplier cash payments",null,{"$f":"E22+E23-E26","v":{"v":13950,"d":"€13,950"}},{"$f":"F22+F23-F26","v":{"v":14300,"d":"€14,300"}},{"$f":"G22+G23-G26","v":{"v":13960,"d":"€13,960"}},{"$f":"H22+H23-H26","v":{"v":16320,"d":"€16,320"}},{"$f":"I22+I23-I26","v":{"v":17580,"d":"€17,580"}},{"$f":"J22+J23-J26","v":{"v":17520,"d":"€17,520"}},{"$f":"K22+K23-K26","v":{"v":18125,"d":"€18,125"}},{"$f":"L22+L23-L26","v":{"v":17500,"d":"€17,500"}},{"$f":"M22+M23-M26","v":{"v":38763.33333333333,"d":"€38,763"}},{"$f":"N22+N23-N26","v":{"v":20674.731182795706,"d":"€20,675"}},{"$f":"O22+O23-O26","v":{"v":20091.93548387097,"d":"€20,092"}},{"$f":"P22+P23-P26","v":{"v":21870.967741935485,"d":"€21,871"}}]
[]
[null,null,"Implied closing AR days",null,{"$f":"E19/'P&L'!E12*31","v":{"v":30.29007633587786,"d":"30.3"}},{"$f":"F19/'P&L'!F12*28","v":{"v":28.546976744186043,"d":"28.5"}},{"$f":"G19/'P&L'!G12*31","v":{"v":32.16087543523059,"d":"32.2"}},{"$f":"H19/'P&L'!H12*30","v":{"v":32.35274042727459,"d":"32.4"}},{"$f":"I19/'P&L'!I12*31","v":{"v":35.76923076923077,"d":"35.8"}},{"$f":"J19/'P&L'!J12*30","v":{"v":36.9140625,"d":"36.9"}},{"$f":"K19/'P&L'!K12*31","v":{"v":39.135572139303484,"d":"39.1"}},{"$f":"L19/'P&L'!L12*31","v":{"v":43.71794871794872,"d":"43.7"}},{"$f":"M19/'P&L'!M12*30","v":{"v":31.486301369863014,"d":"31.5"}},{"$f":"N19/'P&L'!N12*31","v":{"v":35,"d":"35.0"}},{"$f":"O19/'P&L'!O12*30","v":{"v":34,"d":"34.0"}},{"$f":"P19/'P&L'!P12*31","v":{"v":34,"d":"34.0"}}]
[]
[]
[]
[null,null,"Target AR days is constrained by billings and dated opening receipts."]

{"sheet":"Assets debt tax","index":8,"n_rows":31,"n_cols":16,"rows_kept":31}
[]
[null,null,"Assets debt tax"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Opening gross fixed assets",null,{"$f":"'Source inputs'!$E$56","v":{"v":85000,"d":"€85,000"}},{"$f":"E10","v":{"v":91000,"d":"€91,000"}},{"$f":"F10","v":{"v":91000,"d":"€91,000"}},{"$f":"G10","v":{"v":103000,"d":"€103,000"}},{"$f":"H10","v":{"v":103000,"d":"€103,000"}},{"$f":"I10","v":{"v":109000,"d":"€109,000"}},{"$f":"J10","v":{"v":109000,"d":"€109,000"}},{"$f":"K10","v":{"v":123000,"d":"€123,000"}},{"$f":"L10","v":{"v":123000,"d":"€123,000"}},{"$f":"M10","v":{"v":155000,"d":"€155,000"}},{"$f":"N10","v":{"v":163000,"d":"€163,000"}},{"$f":"O10","v":{"v":169000,"d":"€169,000"}}]
[null,null,"New asset additions",null,{"$f":"'Assumptions'!E65","v":{"v":6000,"d":"€6,000"}},{"$f":"'Assumptions'!F65","v":0},{"$f":"'Assumptions'!G65","v":{"v":12000,"d":"€12,000"}},{"$f":"'Assumptions'!H65","v":0},{"$f":"'Assumptions'!I65","v":{"v":6000,"d":"€6,000"}},{"$f":"'Assumptions'!J65","v":0},{"$f":"'Assumptions'!K65","v":{"v":14000,"d":"€14,000"}},{"$f":"'Assumptions'!L65","v":0},{"$f":"'Assumptions'!M65","v":{"v":32000,"d":"€32,000"}},{"$f":"'Assumptions'!N65","v":{"v":8000,"d":"€8,000"}},{"$f":"'Assumptions'!O65","v":{"v":6000,"d":"€6,000"}},{"$f":"'Assumptions'!P65","v":{"v":6000,"d":"€6,000"}}]
[null,null,"Closing gross fixed assets",null,{"$f":"SUM(E8:E9)","v":{"v":91000,"d":"€91,000"}},{"$f":"SUM(F8:F9)","v":{"v":91000,"d":"€91,000"}},{"$f":"SUM(G8:G9)","v":{"v":103000,"d":"€103,000"}},{"$f":"SUM(H8:H9)","v":{"v":103000,"d":"€103,000"}},{"$f":"SUM(I8:I9)","v":{"v":109000,"d":"€109,000"}},{"$f":"SUM(J8:J9)","v":{"v":109000,"d":"€109,000"}},{"$f":"SUM(K8:K9)","v":{"v":123000,"d":"€123,000"}},{"$f":"SUM(L8:L9)","v":{"v":123000,"d":"€123,000"}},{"$f":"SUM(M8:M9)","v":{"v":155000,"d":"€155,000"}},{"$f":"SUM(N8:N9)","v":{"v":163000,"d":"€163,000"}},{"$f":"SUM(O8:O9)","v":{"v":169000,"d":"€169,000"}},{"$f":"SUM(P8:P9)","v":{"v":175000,"d":"€175,000"}}]
[null,null,"Opening accumulated depreciation",null,{"$f":"'Source inputs'!$E$57","v":{"v":24000,"d":"€24,000"}},{"$f":"E13","v":{"v":25966.666666666668,"d":"€25,967"}},{"$f":"F13","v":{"v":27933.333333333336,"d":"€27,933"}},{"$f":"G13","v":{"v":30233.333333333336,"d":"€30,233"}},{"$f":"H13","v":{"v":32533.333333333336,"d":"€32,533"}},{"$f":"I13","v":{"v":35000,"d":"€35,000"}},{"$f":"J13","v":{"v":37466.666666666664,"d":"€37,467"}},{"$f":"K13","v":{"v":40322.22222222222,"d":"€40,322"}},{"$f":"L13","v":{"v":43177.777777777774,"d":"€43,178"}},{"$f":"M13","v":{"v":46922.22222222222,"d":"€46,922"}},{"$f":"N13","v":{"v":50888.88888888888,"d":"€50,889"}},{"$f":"O13","v":{"v":55022.22222222222,"d":"€55,022"}}]
[null,null,"Depreciation expense",null,{"$f":"1800+(E10-'Source inputs'!$E$56)/36","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"1800+(F10-'Source inputs'!$E$56)/36","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"1800+(G10-'Source inputs'!$E$56)/36","v":{"v":2300,"d":"€2,300"}},{"$f":"1800+(H10-'Source inputs'!$E$56)/36","v":{"v":2300,"d":"€2,300"}},{"$f":"1800+(I10-'Source inputs'!$E$56)/36","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"1800+(J10-'Source inputs'!$E$56)/36","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"1800+(K10-'Source inputs'!$E$56)/36","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"1800+(L10-'Source inputs'!$E$56)/36","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"1800+(M10-'Source inputs'!$E$56)/36","v":{"v":3744.4444444444443,"d":"€3,744"}},{"$f":"1800+(N10-'Source inputs'!$E$56)/36","v":{"v":3966.6666666666665,"d":"€3,967"}},{"$f":"1800+(O10-'Source inputs'!$E$56)/36","v":{"v":4133.333333333334,"d":"€4,133"}},{"$f":"1800+(P10-'Source inputs'!$E$56)/36","v":{"v":4300,"d":"€4,300"}}]
[null,null,"Closing accumulated depreciation",null,{"$f":"SUM(E11:E12)","v":{"v":25966.666666666668,"d":"€25,967"}},{"$f":"SUM(F11:F12)","v":{"v":27933.333333333336,"d":"€27,933"}},{"$f":"SUM(G11:G12)","v":{"v":30233.333333333336,"d":"€30,233"}},{"$f":"SUM(H11:H12)","v":{"v":32533.333333333336,"d":"€32,533"}},{"$f":"SUM(I11:I12)","v":{"v":35000,"d":"€35,000"}},{"$f":"SUM(J11:J12)","v":{"v":37466.666666666664,"d":"€37,467"}},{"$f":"SUM(K11:K12)","v":{"v":40322.22222222222,"d":"€40,322"}},{"$f":"SUM(L11:L12)","v":{"v":43177.777777777774,"d":"€43,178"}},{"$f":"SUM(M11:M12)","v":{"v":46922.22222222222,"d":"€46,922"}},{"$f":"SUM(N11:N12)","v":{"v":50888.88888888888,"d":"€50,889"}},{"$f":"SUM(O11:O12)","v":{"v":55022.22222222222,"d":"€55,022"}},{"$f":"SUM(P11:P12)","v":{"v":59322.22222222222,"d":"€59,322"}}]
[null,null,"Net fixed assets",null,{"$f":"E10-E13","v":{"v":65033.33333333333,"d":"€65,033"}},{"$f":"F10-F13","v":{"v":63066.666666666664,"d":"€63,067"}},{"$f":"G10-G13","v":{"v":72766.66666666666,"d":"€72,767"}},{"$f":"H10-H13","v":{"v":70466.66666666666,"d":"€70,467"}},{"$f":"I10-I13","v":{"v":74000,"d":"€74,000"}},{"$f":"J10-J13","v":{"v":71533.33333333334,"d":"€71,533"}},{"$f":"K10-K13","v":{"v":82677.77777777778,"d":"€82,678"}},{"$f":"L10-L13","v":{"v":79822.22222222222,"d":"€79,822"}},{"$f":"M10-M13","v":{"v":108077.77777777778,"d":"€108,078"}},{"$f":"N10-N13","v":{"v":112111.11111111112,"d":"€112,111"}},{"$f":"O10-O13","v":{"v":113977.77777777778,"d":"€113,978"}},{"$f":"P10-P13","v":{"v":115677.77777777778,"d":"€115,678"}}]
[null,null,"Opening debt",null,{"$f":"'Source inputs'!$E$58","v":{"v":120000,"d":"€120,000"}},{"$f":"E17","v":{"v":116000,"d":"€116,000"}},{"$f":"F17","v":{"v":112000,"d":"€112,000"}},{"$f":"G17","v":{"v":108000,"d":"€108,000"}},{"$f":"H17","v":{"v":104000,"d":"€104,000"}},{"$f":"I17","v":{"v":100000,"d":"€100,000"}},{"$f":"J17","v":{"v":96000,"d":"€96,000"}},{"$f":"K17","v":{"v":92000,"d":"€92,000"}},{"$f":"L17","v":{"v":88000,"d":"€88,000"}},{"$f":"M17","v":{"v":84000,"d":"€84,000"}},{"$f":"N17","v":{"v":80000,"d":"€80,000"}},{"$f":"O17","v":{"v":76000,"d":"€76,000"}}]
[null,null,"Scheduled principal payment",null,{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}},{"$f":"4000","v":{"v":4000,"d":"€4,000"}}]
[null,null,"Closing debt",null,{"$f":"E15-E16","v":{"v":116000,"d":"€116,000"}},{"$f":"F15-F16","v":{"v":112000,"d":"€112,000"}},{"$f":"G15-G16","v":{"v":108000,"d":"€108,000"}},{"$f":"H15-H16","v":{"v":104000,"d":"€104,000"}},{"$f":"I15-I16","v":{"v":100000,"d":"€100,000"}},{"$f":"J15-J16","v":{"v":96000,"d":"€96,000"}},{"$f":"K15-K16","v":{"v":92000,"d":"€92,000"}},{"$f":"L15-L16","v":{"v":88000,"d":"€88,000"}},{"$f":"M15-M16","v":{"v":84000,"d":"€84,000"}},{"$f":"N15-N16","v":{"v":80000,"d":"€80,000"}},{"$f":"O15-O16","v":{"v":76000,"d":"€76,000"}},{"$f":"P15-P16","v":{"v":72000,"d":"€72,000"}}]
[null,null,"Interest expense",null,{"$f":"E15*0.065/12","v":{"v":650,"d":"€650"}},{"$f":"F15*0.065/12","v":{"v":628.3333333333334,"d":"€628"}},{"$f":"G15*0.065/12","v":{"v":606.6666666666666,"d":"€607"}},{"$f":"H15*0.065/12","v":{"v":585,"d":"€585"}},{"$f":"I15*0.065/12","v":{"v":563.3333333333334,"d":"€563"}},{"$f":"J15*0.065/12","v":{"v":541.6666666666666,"d":"€542"}},{"$f":"K15*0.065/12","v":{"v":520,"d":"€520"}},{"$f":"L15*0.065/12","v":{"v":498.3333333333333,"d":"€498"}},{"$f":"M15*0.065/12","v":{"v":476.6666666666667,"d":"€477"}},{"$f":"N15*0.065/12","v":{"v":455,"d":"€455"}},{"$f":"O15*0.065/12","v":{"v":433.3333333333333,"d":"€433"}},{"$f":"P15*0.065/12","v":{"v":411.6666666666667,"d":"€412"}}]
[]
[null,null,"Opening current tax position",null,{"$f":"'Source inputs'!$E$59","v":{"v":7000,"d":"€7,000"}},{"$f":"E23","v":{"v":9606.666666666668,"d":"€9,607"}},{"$f":"F23","v":{"v":12722.666666666668,"d":"€12,723"}},{"$f":"G23","v":{"v":3445.3333333333358,"d":"€3,445"}},{"$f":"H23","v":{"v":7176.333333333336,"d":"€7,176"}},{"$f":"I23","v":{"v":11194.333333333336,"d":"€11,194"}},{"$f":"J23","v":{"v":4328.66666666667,"d":"€4,329"}},{"$f":"K23","v":{"v":7768.555555555558,"d":"€7,769"}},{"$f":"L23","v":{"v":10177.777777777781,"d":"€10,178"}},{"$f":"M23","v":{"v":-1358.4444444444416,"d":"(€1,358)"}},{"$f":"N23","v":{"v":5777.222222222226,"d":"€5,777"}},{"$f":"O23","v":{"v":13713.888888888892,"d":"€13,714"}}]
[null,null,"Current tax expense",null,{"$f":"'P&L'!E26","v":{"v":2606.666666666667,"d":"€2,607"}},{"$f":"'P&L'!F26","v":{"v":3116,"d":"€3,116"}},{"$f":"'P&L'!G26","v":{"v":2722.666666666667,"d":"€2,723"}},{"$f":"'P&L'!H26","v":{"v":3731,"d":"€3,731"}},{"$f":"'P&L'!I26","v":{"v":4018,"d":"€4,018"}},{"$f":"'P&L'!J26","v":{"v":3134.333333333334,"d":"€3,134"}},{"$f":"'P&L'!K26","v":{"v":3439.888888888889,"d":"€3,440"}},{"$f":"'P&L'!L26","v":{"v":2409.222222222222,"d":"€2,409"}},{"$f":"'P&L'!M26","v":{"v":6463.777777777777,"d":"€6,464"}},{"$f":"'P&L'!N26","v":{"v":7135.666666666668,"d":"€7,136"}},{"$f":"'P&L'!O26","v":{"v":7936.666666666666,"d":"€7,937"}},{"$f":"'P&L'!P26","v":{"v":6357.666666666667,"d":"€6,358"}}]
[null,null,"Tax paid",null,{"$f":"'Assumptions'!E68","v":0},{"$f":"'Assumptions'!F68","v":0},{"$f":"'Assumptions'!G68","v":{"v":12000,"d":"€12,000"}},{"$f":"'Assumptions'!H68","v":0},{"$f":"'Assumptions'!I68","v":0},{"$f":"'Assumptions'!J68","v":{"v":10000,"d":"€10,000"}},{"$f":"'Assumptions'!K68","v":0},{"$f":"'Assumptions'!L68","v":0},{"$f":"'Assumptions'!M68","v":{"v":18000,"d":"€18,000"}},{"$f":"'Assumptions'!N68","v":0},{"$f":"'Assumptions'!O68","v":0},{"$f":"'Assumptions'!P68","v":{"v":12000,"d":"€12,000"}}]
[null,null,"Closing current tax position",null,{"$f":"E20+E21-E22","v":{"v":9606.666666666668,"d":"€9,607"}},{"$f":"F20+F21-F22","v":{"v":12722.666666666668,"d":"€12,723"}},{"$f":"G20+G21-G22","v":{"v":3445.3333333333358,"d":"€3,445"}},{"$f":"H20+H21-H22","v":{"v":7176.333333333336,"d":"€7,176"}},{"$f":"I20+I21-I22","v":{"v":11194.333333333336,"d":"€11,194"}},{"$f":"J20+J21-J22","v":{"v":4328.66666666667,"d":"€4,329"}},{"$f":"K20+K21-K22","v":{"v":7768.555555555558,"d":"€7,769"}},{"$f":"L20+L21-L22","v":{"v":10177.777777777781,"d":"€10,178"}},{"$f":"M20+M21-M22","v":{"v":-1358.4444444444416,"d":"(€1,358)"}},{"$f":"N20+N21-N22","v":{"v":5777.222222222226,"d":"€5,777"}},{"$f":"O20+O21-O22","v":{"v":13713.888888888892,"d":"€13,714"}},{"$f":"P20+P21-P22","v":{"v":8071.555555555558,"d":"€8,072"}}]
[]
[]
[]
[null,null,"Opening assets: €1,800 monthly depreciation within remaining life."]
[]
[null,null,"New assets: 36-month life, zero residual, full purchase month."]
[]
[null,null,"Illustrative tax: 20% positive profit; no jurisdiction tax rules."]

{"sheet":"Original budget","index":9,"n_rows":61,"n_cols":16,"rows_kept":61}
[]
[null,null,"Original budget"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Original budget","Original budget","Original budget","Original budget","Original budget","Original budget","Original budget","Original budget","Original budget","Original budget","Original budget","Original budget"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Recurring fees",null,{"$f":"E40*E41","v":{"v":63549.99999999999,"d":"€63,550"}},{"$f":"F40*F41","v":{"v":64062.49999999999,"d":"€64,063"}},{"$f":"G40*G41","v":{"v":70468.74999999999,"d":"€70,469"}},{"$f":"H40*H41","v":{"v":72159.99999999999,"d":"€72,160"}},{"$f":"I40*I41","v":{"v":72159.99999999999,"d":"€72,160"}},{"$f":"J40*J41","v":{"v":79949.99999999999,"d":"€79,950"}},{"$f":"K40*K41","v":{"v":79949.99999999999,"d":"€79,950"}},{"$f":"L40*L41","v":{"v":79949.99999999999,"d":"€79,950"}},{"$f":"M40*M41","v":{"v":86450,"d":"€86,450"}},{"$f":"N40*N41","v":{"v":87100,"d":"€87,100"}},{"$f":"O40*O41","v":{"v":93800,"d":"€93,800"}},{"$f":"P40*P41","v":{"v":95900,"d":"€95,900"}}]
[null,null,"Project fees",null,{"$f":"E42*E43","v":{"v":77280.00000000001,"d":"€77,280"}},{"$f":"F42*F43","v":{"v":80500.00000000001,"d":"€80,500"}},{"$f":"G42*G43","v":{"v":80617.6,"d":"€80,618"}},{"$f":"H42*H43","v":{"v":85243.20000000001,"d":"€85,243"}},{"$f":"I42*I43","v":{"v":90048.00000000001,"d":"€90,048"}},{"$f":"J42*J43","v":{"v":84672,"d":"€84,672"}},{"$f":"K42*K43","v":{"v":92736.00000000001,"d":"€92,736"}},{"$f":"L42*L43","v":{"v":87360.00000000001,"d":"€87,360"}},{"$f":"M42*M43","v":{"v":88750,"d":"€88,750"}},{"$f":"N42*N43","v":{"v":93750,"d":"€93,750"}},{"$f":"O42*O43","v":{"v":100100,"d":"€100,100"}},{"$f":"P42*P43","v":{"v":88400,"d":"€88,400"}}]
[null,null,"Hardware resale revenue",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Licence resale revenue",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Revenue",null,{"$f":"SUM(E8:E11)","v":{"v":140830,"d":"€140,830"}},{"$f":"SUM(F8:F11)","v":{"v":144562.5,"d":"€144,563"}},{"$f":"SUM(G8:G11)","v":{"v":151086.34999999998,"d":"€151,086"}},{"$f":"SUM(H8:H11)","v":{"v":157403.2,"d":"€157,403"}},{"$f":"SUM(I8:I11)","v":{"v":162208,"d":"€162,208"}},{"$f":"SUM(J8:J11)","v":{"v":164622,"d":"€164,622"}},{"$f":"SUM(K8:K11)","v":{"v":172686,"d":"€172,686"}},{"$f":"SUM(L8:L11)","v":{"v":167310,"d":"€167,310"}},{"$f":"SUM(M8:M11)","v":{"v":175200,"d":"€175,200"}},{"$f":"SUM(N8:N11)","v":{"v":180850,"d":"€180,850"}},{"$f":"SUM(O8:O11)","v":{"v":193900,"d":"€193,900"}},{"$f":"SUM(P8:P11)","v":{"v":184300,"d":"€184,300"}}]
[null,null,"Delivery payroll",null,{"$f":"E46*E47","v":{"v":56400,"d":"€56,400"}},{"$f":"F46*F47","v":{"v":56400,"d":"€56,400"}},{"$f":"G46*G47","v":{"v":61750,"d":"€61,750"}},{"$f":"H46*H47","v":{"v":61750,"d":"€61,750"}},{"$f":"I46*I47","v":{"v":62400,"d":"€62,400"}},{"$f":"J46*J47","v":{"v":67200,"d":"€67,200"}},{"$f":"K46*K47","v":{"v":68600,"d":"€68,600"}},{"$f":"L46*L47","v":{"v":68600,"d":"€68,600"}},{"$f":"M46*M47","v":{"v":68600,"d":"€68,600"}},{"$f":"N46*N47","v":{"v":69300,"d":"€69,300"}},{"$f":"O46*O47","v":{"v":74250,"d":"€74,250"}},{"$f":"P46*P47","v":{"v":75000,"d":"€75,000"}}]
[null,null,"Subcontractors",null,{"$f":"E48*E49","v":{"v":9450,"d":"€9,450"}},{"$f":"F48*F49","v":{"v":9800,"d":"€9,800"}},{"$f":"G48*G49","v":{"v":11160,"d":"€11,160"}},{"$f":"H48*H49","v":{"v":11520,"d":"€11,520"}},{"$f":"I48*I49","v":{"v":12580,"d":"€12,580"}},{"$f":"J48*J49","v":{"v":13320,"d":"€13,320"}},{"$f":"K48*K49","v":{"v":14625,"d":"€14,625"}},{"$f":"L48*L49","v":{"v":15000,"d":"€15,000"}},{"$f":"M48*M49","v":{"v":13260,"d":"€13,260"}},{"$f":"N48*N49","v":{"v":13650,"d":"€13,650"}},{"$f":"O48*O49","v":{"v":14400,"d":"€14,400"}},{"$f":"P48*P49","v":{"v":12800,"d":"€12,800"}}]
[null,null,"Delivery software",null,{"$f":"E50","v":{"v":5500,"d":"€5,500"}},{"$f":"F50","v":{"v":5500,"d":"€5,500"}},{"$f":"G50","v":{"v":5800,"d":"€5,800"}},{"$f":"H50","v":{"v":5800,"d":"€5,800"}},{"$f":"I50","v":{"v":6000,"d":"€6,000"}},{"$f":"J50","v":{"v":6200,"d":"€6,200"}},{"$f":"K50","v":{"v":6500,"d":"€6,500"}},{"$f":"L50","v":{"v":6500,"d":"€6,500"}},{"$f":"M50","v":{"v":6800,"d":"€6,800"}},{"$f":"N50","v":{"v":6800,"d":"€6,800"}},{"$f":"O50","v":{"v":7200,"d":"€7,200"}},{"$f":"P50","v":{"v":7200,"d":"€7,200"}}]
[null,null,"Hardware supplier cost",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Licence supplier cost",null,{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0},{"$f":"0","v":0}]
[null,null,"Direct costs",null,{"$f":"SUM(E13:E17)","v":{"v":71350,"d":"€71,350"}},{"$f":"SUM(F13:F17)","v":{"v":71700,"d":"€71,700"}},{"$f":"SUM(G13:G17)","v":{"v":78710,"d":"€78,710"}},{"$f":"SUM(H13:H17)","v":{"v":79070,"d":"€79,070"}},{"$f":"SUM(I13:I17)","v":{"v":80980,"d":"€80,980"}},{"$f":"SUM(J13:J17)","v":{"v":86720,"d":"€86,720"}},{"$f":"SUM(K13:K17)","v":{"v":89725,"d":"€89,725"}},{"$f":"SUM(L13:L17)","v":{"v":90100,"d":"€90,100"}},{"$f":"SUM(M13:M17)","v":{"v":88660,"d":"€88,660"}},{"$f":"SUM(N13:N17)","v":{"v":89750,"d":"€89,750"}},{"$f":"SUM(O13:O17)","v":{"v":95850,"d":"€95,850"}},{"$f":"SUM(P13:P17)","v":{"v":95000,"d":"€95,000"}}]
[null,null,"Gross profit",null,{"$f":"E12-E18","v":{"v":69480,"d":"€69,480"}},{"$f":"F12-F18","v":{"v":72862.5,"d":"€72,863"}},{"$f":"G12-G18","v":{"v":72376.34999999998,"d":"€72,376"}},{"$f":"H12-H18","v":{"v":78333.20000000001,"d":"€78,333"}},{"$f":"I12-I18","v":{"v":81228,"d":"€81,228"}},{"$f":"J12-J18","v":{"v":77902,"d":"€77,902"}},{"$f":"K12-K18","v":{"v":82961,"d":"€82,961"}},{"$f":"L12-L18","v":{"v":77210,"d":"€77,210"}},{"$f":"M12-M18","v":{"v":86540,"d":"€86,540"}},{"$f":"N12-N18","v":{"v":91100,"d":"€91,100"}},{"$f":"O12-O18","v":{"v":98050,"d":"€98,050"}},{"$f":"P12-P18","v":{"v":89300,"d":"€89,300"}}]
[null,null,"Gross margin",null,{"$f":"E19/E12","v":{"v":0.4933607896044877,"d":"49.3%"}},{"$f":"F19/F12","v":{"v":0.5040207522697795,"d":"50.4%"}},{"$f":"G19/G12","v":{"v":0.4790396352814135,"d":"47.9%"}},{"$f":"H19/H12","v":{"v":0.49765951391077184,"d":"49.8%"}},{"$f":"I19/I12","v":{"v":0.5007644505819688,"d":"50.1%"}},{"$f":"J19/J12","v":{"v":0.4732174314490165,"d":"47.3%"}},{"$f":"K19/K12","v":{"v":0.4804153202923225,"d":"48.0%"}},{"$f":"L19/L12","v":{"v":0.46147869224792304,"d":"46.1%"}},{"$f":"M19/M12","v":{"v":0.4939497716894977,"d":"49.4%"}},{"$f":"N19/N12","v":{"v":0.5037323748963229,"d":"50.4%"}},{"$f":"O19/O12","v":{"v":0.5056730273336771,"d":"50.6%"}},{"$f":"P19/P12","v":{"v":0.4845360824742268,"d":"48.5%"}}]
[null,null,"Operating expenses",null,{"$f":"E51+E52+E53+E54","v":{"v":44000,"d":"€44,000"}},{"$f":"F51+F52+F53+F54","v":{"v":44500,"d":"€44,500"}},{"$f":"G51+G52+G53+G54","v":{"v":45500,"d":"€45,500"}},{"$f":"H51+H52+H53+H54","v":{"v":45900,"d":"€45,900"}},{"$f":"I51+I52+I53+I54","v":{"v":46700,"d":"€46,700"}},{"$f":"J51+J52+J53+J54","v":{"v":48200,"d":"€48,200"}},{"$f":"K51+K52+K53+K54","v":{"v":50500,"d":"€50,500"}},{"$f":"L51+L52+L53+L54","v":{"v":50500,"d":"€50,500"}},{"$f":"M51+M52+M53+M54","v":{"v":50000,"d":"€50,000"}},{"$f":"N51+N52+N53+N54","v":{"v":51000,"d":"€51,000"}},{"$f":"O51+O52+O53+O54","v":{"v":53800,"d":"€53,800"}},{"$f":"P51+P52+P53+P54","v":{"v":52800,"d":"€52,800"}}]
[null,null,"EBITDA",null,{"$f":"E19-E21","v":{"v":25480,"d":"€25,480"}},{"$f":"F19-F21","v":{"v":28362.5,"d":"€28,363"}},{"$f":"G19-G21","v":{"v":26876.349999999977,"d":"€26,876"}},{"$f":"H19-H21","v":{"v":32433.20000000001,"d":"€32,433"}},{"$f":"I19-I21","v":{"v":34528,"d":"€34,528"}},{"$f":"J19-J21","v":{"v":29702,"d":"€29,702"}},{"$f":"K19-K21","v":{"v":32461,"d":"€32,461"}},{"$f":"L19-L21","v":{"v":26710,"d":"€26,710"}},{"$f":"M19-M21","v":{"v":36540,"d":"€36,540"}},{"$f":"N19-N21","v":{"v":40100,"d":"€40,100"}},{"$f":"O19-O21","v":{"v":44250,"d":"€44,250"}},{"$f":"P19-P21","v":{"v":36500,"d":"€36,500"}}]
[null,null,"Depreciation",null,{"$f":"1800+SUM($E59:E59)/36","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"1800+SUM($E59:F59)/36","v":{"v":1966.6666666666667,"d":"€1,967"}},{"$f":"1800+SUM($E59:G59)/36","v":{"v":2300,"d":"€2,300"}},{"$f":"1800+SUM($E59:H59)/36","v":{"v":2300,"d":"€2,300"}},{"$f":"1800+SUM($E59:I59)/36","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"1800+SUM($E59:J59)/36","v":{"v":2466.6666666666665,"d":"€2,467"}},{"$f":"1800+SUM($E59:K59)/36","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"1800+SUM($E59:L59)/36","v":{"v":2855.5555555555557,"d":"€2,856"}},{"$f":"1800+SUM($E59:M59)/36","v":{"v":3744.4444444444443,"d":"€3,744"}},{"$f":"1800+SUM($E59:N59)/36","v":{"v":3966.6666666666665,"d":"€3,967"}},{"$f":"1800+SUM($E59:O59)/36","v":{"v":4133.333333333334,"d":"€4,133"}},{"$f":"1800+SUM($E59:P59)/36","v":{"v":4300,"d":"€4,300"}}]
[null,null,"Interest",null,{"$f":"('Source inputs'!$E$58-0*4000)*0.065/12","v":{"v":650,"d":"€650"}},{"$f":"('Source inputs'!$E$58-1*4000)*0.065/12","v":{"v":628.3333333333334,"d":"€628"}},{"$f":"('Source inputs'!$E$58-2*4000)*0.065/12","v":{"v":606.6666666666666,"d":"€607"}},{"$f":"('Source inputs'!$E$58-3*4000)*0.065/12","v":{"v":585,"d":"€585"}},{"$f":"('Source inputs'!$E$58-4*4000)*0.065/12","v":{"v":563.3333333333334,"d":"€563"}},{"$f":"('Source inputs'!$E$58-5*4000)*0.065/12","v":{"v":541.6666666666666,"d":"€542"}},{"$f":"('Source inputs'!$E$58-6*4000)*0.065/12","v":{"v":520,"d":"€520"}},{"$f":"('Source inputs'!$E$58-7*4000)*0.065/12","v":{"v":498.3333333333333,"d":"€498"}},{"$f":"('Source inputs'!$E$58-8*4000)*0.065/12","v":{"v":476.6666666666667,"d":"€477"}},{"$f":"('Source inputs'!$E$58-9*4000)*0.065/12","v":{"v":455,"d":"€455"}},{"$f":"('Source inputs'!$E$58-10*4000)*0.065/12","v":{"v":433.3333333333333,"d":"€433"}},{"$f":"('Source inputs'!$E$58-11*4000)*0.065/12","v":{"v":411.6666666666667,"d":"€412"}}]
[null,null,"Profit before tax",null,{"$f":"E22-E23-E24","v":{"v":22863.333333333332,"d":"€22,863"}},{"$f":"F22-F23-F24","v":{"v":25767.5,"d":"€25,768"}},{"$f":"G22-G23-G24","v":{"v":23969.68333333331,"d":"€23,970"}},{"$f":"H22-H23-H24","v":{"v":29548.20000000001,"d":"€29,548"}},{"$f":"I22-I23-I24","v":{"v":31498,"d":"€31,498"}},{"$f":"J22-J23-J24","v":{"v":26693.666666666664,"d":"€26,694"}},{"$f":"K22-K23-K24","v":{"v":29085.444444444445,"d":"€29,085"}},{"$f":"L22-L23-L24","v":{"v":23356.111111111113,"d":"€23,356"}},{"$f":"M22-M23-M24","v":{"v":32318.888888888887,"d":"€32,319"}},{"$f":"N22-N23-N24","v":{"v":35678.333333333336,"d":"€35,678"}},{"$f":"O22-O23-O24","v":{"v":39683.33333333333,"d":"€39,683"}},{"$f":"P22-P23-P24","v":{"v":31788.333333333332,"d":"€31,788"}}]
[null,null,"Illustrative tax",null,{"$f":"MAX(0,E25)*0.2","v":{"v":4572.666666666667,"d":"€4,573"}},{"$f":"MAX(0,F25)*0.2","v":{"v":5153.5,"d":"€5,154"}},{"$f":"MAX(0,G25)*0.2","v":{"v":4793.936666666662,"d":"€4,794"}},{"$f":"MAX(0,H25)*0.2","v":{"v":5909.640000000003,"d":"€5,910"}},{"$f":"MAX(0,I25)*0.2","v":{"v":6299.6,"d":"€6,300"}},{"$f":"MAX(0,J25)*0.2","v":{"v":5338.733333333334,"d":"€5,339"}},{"$f":"MAX(0,K25)*0.2","v":{"v":5817.088888888889,"d":"€5,817"}},{"$f":"MAX(0,L25)*0.2","v":{"v":4671.222222222223,"d":"€4,671"}},{"$f":"MAX(0,M25)*0.2","v":{"v":6463.777777777777,"d":"€6,464"}},{"$f":"MAX(0,N25)*0.2","v":{"v":7135.666666666668,"d":"€7,136"}},{"$f":"MAX(0,O25)*0.2","v":{"v":7936.666666666666,"d":"€7,937"}},{"$f":"MAX(0,P25)*0.2","v":{"v":6357.666666666667,"d":"€6,358"}}]
[null,null,"Net profit",null,{"$f":"E25-E26","v":{"v":18290.666666666664,"d":"€18,291"}},{"$f":"F25-F26","v":{"v":20614,"d":"€20,614"}},{"$f":"G25-G26","v":{"v":19175.746666666648,"d":"€19,176"}},{"$f":"H25-H26","v":{"v":23638.56000000001,"d":"€23,639"}},{"$f":"I25-I26","v":{"v":25198.4,"d":"€25,198"}},{"$f":"J25-J26","v":{"v":21354.93333333333,"d":"€21,355"}},{"$f":"K25-K26","v":{"v":23268.355555555558,"d":"€23,268"}},{"$f":"L25-L26","v":{"v":18684.88888888889,"d":"€18,685"}},{"$f":"M25-M26","v":{"v":25855.11111111111,"d":"€25,855"}},{"$f":"N25-N26","v":{"v":28542.666666666668,"d":"€28,543"}},{"$f":"O25-O26","v":{"v":31746.666666666664,"d":"€31,747"}},{"$f":"P25-P26","v":{"v":25430.666666666664,"d":"€25,431"}}]
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[null,null,"Fixed original plan inputs"]
[]
[]
[null,null,"Retainer accounts",null,{"v":10,"d":"10.0"},{"v":10,"d":"10.0"},{"v":11,"d":"11.0"},{"v":11,"d":"11.0"},{"v":11,"d":"11.0"},{"v":12,"d":"12.0"},{"v":12,"d":"12.0"},{"v":12,"d":"12.0"},{"v":13,"d":"13.0"},{"v":13,"d":"13.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"}]
[null,null,"Monthly retainer fee",null,{"v":6354.999999999999,"d":"€6,355"},{"v":6406.249999999999,"d":"€6,406"},{"v":6406.249999999999,"d":"€6,406"},{"v":6559.999999999999,"d":"€6,560"},{"v":6559.999999999999,"d":"€6,560"},{"v":6662.499999999999,"d":"€6,663"},{"v":6662.499999999999,"d":"€6,663"},{"v":6662.499999999999,"d":"€6,663"},{"v":6650,"d":"€6,650"},{"v":6700,"d":"€6,700"},{"v":6700,"d":"€6,700"},{"v":6850,"d":"€6,850"}]
[null,null,"Delivered project hours",null,{"v":672.0000000000001,"d":"672.0"},{"v":700.0000000000001,"d":"700.0"},683.2,{"v":722.4000000000001,"d":"722.4"},{"v":750.4000000000001,"d":"750.4"},705.6,{"v":772.8000000000001,"d":"772.8"},{"v":728.0000000000001,"d":"728.0"},{"v":710,"d":"710.0"},{"v":750,"d":"750.0"},{"v":770,"d":"770.0"},{"v":680,"d":"680.0"}]
[null,null,"Project hourly rate",null,{"v":115,"d":"€115"},{"v":115,"d":"€115"},{"v":118,"d":"€118"},{"v":118,"d":"€118"},{"v":120,"d":"€120"},{"v":120,"d":"€120"},{"v":120,"d":"€120"},{"v":120,"d":"€120"},{"v":125,"d":"€125"},{"v":125,"d":"€125"},{"v":130,"d":"€130"},{"v":130,"d":"€130"}]
[null,null,"Monthly hours per retainer",null,{"v":82,"d":"82.0"},{"v":84,"d":"84.0"},{"v":84,"d":"84.0"},{"v":85,"d":"85.0"},{"v":86,"d":"86.0"},{"v":88,"d":"88.0"},{"v":90,"d":"90.0"},{"v":90,"d":"90.0"},{"v":85,"d":"85.0"},{"v":85,"d":"85.0"},{"v":84,"d":"84.0"},{"v":84,"d":"84.0"}]
[null,null,"Client media spend administered",null,{"v":180000,"d":"€180,000"},{"v":190000,"d":"€190,000"},{"v":195000,"d":"€195,000"},{"v":205000,"d":"€205,000"},{"v":210000,"d":"€210,000"},{"v":235000,"d":"€235,000"},{"v":245000,"d":"€245,000"},{"v":265000,"d":"€265,000"},{"v":285000,"d":"€285,000"},{"v":300000,"d":"€300,000"},{"v":335000,"d":"€335,000"},{"v":320000,"d":"€320,000"}]
[null,null,"Paid delivery FTE",null,{"v":12,"d":"12.0"},{"v":12,"d":"12.0"},{"v":13,"d":"13.0"},{"v":13,"d":"13.0"},{"v":13,"d":"13.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":15,"d":"15.0"},{"v":15,"d":"15.0"}]
[null,null,"Loaded monthly pay per FTE",null,{"v":4700,"d":"€4,700"},{"v":4700,"d":"€4,700"},{"v":4750,"d":"€4,750"},{"v":4750,"d":"€4,750"},{"v":4800,"d":"€4,800"},{"v":4800,"d":"€4,800"},{"v":4900,"d":"€4,900"},{"v":4900,"d":"€4,900"},{"v":4900,"d":"€4,900"},{"v":4950,"d":"€4,950"},{"v":4950,"d":"€4,950"},{"v":5000,"d":"€5,000"}]
[null,null,"Subcontractor hours",null,{"v":135,"d":"135.0"},{"v":140,"d":"140.0"},{"v":155,"d":"155.0"},{"v":160,"d":"160.0"},{"v":170,"d":"170.0"},{"v":180,"d":"180.0"},{"v":195,"d":"195.0"},{"v":200,"d":"200.0"},{"v":170,"d":"170.0"},{"v":175,"d":"175.0"},{"v":180,"d":"180.0"},{"v":160,"d":"160.0"}]
[null,null,"Subcontractor hourly rate",null,{"v":70,"d":"€70"},{"v":70,"d":"€70"},{"v":72,"d":"€72"},{"v":72,"d":"€72"},{"v":74,"d":"€74"},{"v":74,"d":"€74"},{"v":75,"d":"€75"},{"v":75,"d":"€75"},{"v":78,"d":"€78"},{"v":78,"d":"€78"},{"v":80,"d":"€80"},{"v":80,"d":"€80"}]
[null,null,"Direct delivery software",null,{"v":5500,"d":"€5,500"},{"v":5500,"d":"€5,500"},{"v":5800,"d":"€5,800"},{"v":5800,"d":"€5,800"},{"v":6000,"d":"€6,000"},{"v":6200,"d":"€6,200"},{"v":6500,"d":"€6,500"},{"v":6500,"d":"€6,500"},{"v":6800,"d":"€6,800"},{"v":6800,"d":"€6,800"},{"v":7200,"d":"€7,200"},{"v":7200,"d":"€7,200"}]
[null,null,"Management and admin payroll",null,{"v":25000,"d":"€25,000"},{"v":25000,"d":"€25,000"},{"v":25500,"d":"€25,500"},{"v":25500,"d":"€25,500"},{"v":26000,"d":"€26,000"},{"v":27000,"d":"€27,000"},{"v":28000,"d":"€28,000"},{"v":28000,"d":"€28,000"},{"v":28000,"d":"€28,000"},{"v":28000,"d":"€28,000"},{"v":29500,"d":"€29,500"},{"v":29500,"d":"€29,500"}]
[null,null,"Sales and marketing",null,{"v":8000,"d":"€8,000"},{"v":8500,"d":"€8,500"},{"v":8500,"d":"€8,500"},{"v":9000,"d":"€9,000"},{"v":9000,"d":"€9,000"},{"v":9500,"d":"€9,500"},{"v":10000,"d":"€10,000"},{"v":10000,"d":"€10,000"},{"v":10000,"d":"€10,000"},{"v":11000,"d":"€11,000"},{"v":11500,"d":"€11,500"},{"v":10500,"d":"€10,500"}]
[null,null,"Office and general costs",null,{"v":7000,"d":"€7,000"},{"v":7000,"d":"€7,000"},{"v":7000,"d":"€7,000"},{"v":7200,"d":"€7,200"},{"v":7200,"d":"€7,200"},{"v":7200,"d":"€7,200"},{"v":7500,"d":"€7,500"},{"v":7500,"d":"€7,500"},{"v":7500,"d":"€7,500"},{"v":7500,"d":"€7,500"},{"v":7800,"d":"€7,800"},{"v":7800,"d":"€7,800"}]
[null,null,"Professional fees",null,{"v":4000,"d":"€4,000"},{"v":4000,"d":"€4,000"},{"v":4500,"d":"€4,500"},{"v":4200,"d":"€4,200"},{"v":4500,"d":"€4,500"},{"v":4500,"d":"€4,500"},{"v":5000,"d":"€5,000"},{"v":5000,"d":"€5,000"},{"v":4500,"d":"€4,500"},{"v":4500,"d":"€4,500"},{"v":5000,"d":"€5,000"},{"v":5000,"d":"€5,000"}]
[null,null,"Target closing AR days",null,{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":37,"d":"37.0"},{"v":35,"d":"35.0"},{"v":34,"d":"34.0"},{"v":34,"d":"34.0"}]
[null,null,"New supplier payable days",null,{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"}]
[null,null,"Unbilled project revenue share",null,{"v":0.14,"d":"14.0%"},{"v":0.15,"d":"15.0%"},{"v":0.16,"d":"16.0%"},{"v":0.16,"d":"16.0%"},{"v":0.18,"d":"18.0%"},{"v":0.2,"d":"20.0%"},{"v":0.23,"d":"23.0%"},{"v":0.25,"d":"25.0%"},{"v":0.16,"d":"16.0%"},{"v":0.15,"d":"15.0%"},{"v":0.14,"d":"14.0%"},{"v":0.12,"d":"12.0%"}]
[null,null,"Advance contract billing share",null,{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"}]
[null,null,"Capital purchases",null,{"v":6000,"d":"€6,000"},0,{"v":12000,"d":"€12,000"},0,{"v":6000,"d":"€6,000"},0,{"v":14000,"d":"€14,000"},0,{"v":32000,"d":"€32,000"},{"v":8000,"d":"€8,000"},{"v":6000,"d":"€6,000"},{"v":6000,"d":"€6,000"}]
[null,null,"Cash tax paid",null,0,0,{"v":12000,"d":"€12,000"},0,0,{"v":10000,"d":"€10,000"},0,0,{"v":18000,"d":"€18,000"},0,0,{"v":12000,"d":"€12,000"}]
[null,null,"Opening AR collection delay days",null,0,0,0,0,0,0,0,0,0,0,0,0]

{"sheet":"Source inputs","index":10,"n_rows":69,"n_cols":16,"rows_kept":69}
[]
[null,null,"Source inputs"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Retainer accounts",null,{"v":10,"d":"10.0"},{"v":10,"d":"10.0"},{"v":11,"d":"11.0"},{"v":11,"d":"11.0"},{"v":11,"d":"11.0"},{"v":12,"d":"12.0"},{"v":12,"d":"12.0"},{"v":12,"d":"12.0"}]
[null,null,"Monthly retainer fee",null,{"v":6200,"d":"€6,200"},{"v":6250,"d":"€6,250"},{"v":6250,"d":"€6,250"},{"v":6400,"d":"€6,400"},{"v":6400,"d":"€6,400"},{"v":6500,"d":"€6,500"},{"v":6500,"d":"€6,500"},{"v":6500,"d":"€6,500"}]
[null,null,"Delivered project hours",null,{"v":600,"d":"600.0"},{"v":625,"d":"625.0"},{"v":610,"d":"610.0"},{"v":645,"d":"645.0"},{"v":670,"d":"670.0"},{"v":630,"d":"630.0"},{"v":690,"d":"690.0"},{"v":650,"d":"650.0"}]
[null,null,"Project hourly rate",null,{"v":115,"d":"€115"},{"v":115,"d":"€115"},{"v":118,"d":"€118"},{"v":118,"d":"€118"},{"v":120,"d":"€120"},{"v":120,"d":"€120"},{"v":120,"d":"€120"},{"v":120,"d":"€120"}]
[null,null,"Monthly hours per retainer",null,{"v":82,"d":"82.0"},{"v":84,"d":"84.0"},{"v":84,"d":"84.0"},{"v":85,"d":"85.0"},{"v":86,"d":"86.0"},{"v":88,"d":"88.0"},{"v":90,"d":"90.0"},{"v":90,"d":"90.0"}]
[null,null,"Client media spend administered",null,{"v":180000,"d":"€180,000"},{"v":190000,"d":"€190,000"},{"v":195000,"d":"€195,000"},{"v":205000,"d":"€205,000"},{"v":210000,"d":"€210,000"},{"v":235000,"d":"€235,000"},{"v":245000,"d":"€245,000"},{"v":265000,"d":"€265,000"}]
[null,null,"Paid delivery FTE",null,{"v":12,"d":"12.0"},{"v":12,"d":"12.0"},{"v":13,"d":"13.0"},{"v":13,"d":"13.0"},{"v":13,"d":"13.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"},{"v":14,"d":"14.0"}]
[null,null,"Loaded monthly pay per FTE",null,{"v":4700,"d":"€4,700"},{"v":4700,"d":"€4,700"},{"v":4750,"d":"€4,750"},{"v":4750,"d":"€4,750"},{"v":4800,"d":"€4,800"},{"v":4800,"d":"€4,800"},{"v":4900,"d":"€4,900"},{"v":4900,"d":"€4,900"}]
[null,null,"Subcontractor hours",null,{"v":135,"d":"135.0"},{"v":140,"d":"140.0"},{"v":155,"d":"155.0"},{"v":160,"d":"160.0"},{"v":170,"d":"170.0"},{"v":180,"d":"180.0"},{"v":195,"d":"195.0"},{"v":200,"d":"200.0"}]
[null,null,"Subcontractor hourly rate",null,{"v":70,"d":"€70"},{"v":70,"d":"€70"},{"v":72,"d":"€72"},{"v":72,"d":"€72"},{"v":74,"d":"€74"},{"v":74,"d":"€74"},{"v":75,"d":"€75"},{"v":75,"d":"€75"}]
[null,null,"Direct delivery software",null,{"v":5500,"d":"€5,500"},{"v":5500,"d":"€5,500"},{"v":5800,"d":"€5,800"},{"v":5800,"d":"€5,800"},{"v":6000,"d":"€6,000"},{"v":6200,"d":"€6,200"},{"v":6500,"d":"€6,500"},{"v":6500,"d":"€6,500"}]
[null,null,"Management and admin payroll",null,{"v":25000,"d":"€25,000"},{"v":25000,"d":"€25,000"},{"v":25500,"d":"€25,500"},{"v":25500,"d":"€25,500"},{"v":26000,"d":"€26,000"},{"v":27000,"d":"€27,000"},{"v":28000,"d":"€28,000"},{"v":28000,"d":"€28,000"}]
[null,null,"Sales and marketing",null,{"v":8000,"d":"€8,000"},{"v":8500,"d":"€8,500"},{"v":8500,"d":"€8,500"},{"v":9000,"d":"€9,000"},{"v":9000,"d":"€9,000"},{"v":9500,"d":"€9,500"},{"v":10000,"d":"€10,000"},{"v":10000,"d":"€10,000"}]
[null,null,"Office and general costs",null,{"v":7000,"d":"€7,000"},{"v":7000,"d":"€7,000"},{"v":7000,"d":"€7,000"},{"v":7200,"d":"€7,200"},{"v":7200,"d":"€7,200"},{"v":7200,"d":"€7,200"},{"v":7500,"d":"€7,500"},{"v":7500,"d":"€7,500"}]
[null,null,"Professional fees",null,{"v":4000,"d":"€4,000"},{"v":4000,"d":"€4,000"},{"v":4500,"d":"€4,500"},{"v":4200,"d":"€4,200"},{"v":4500,"d":"€4,500"},{"v":4500,"d":"€4,500"},{"v":5000,"d":"€5,000"},{"v":5000,"d":"€5,000"}]
[null,null,"Target closing AR days",null,{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"},{"v":38,"d":"38.0"}]
[null,null,"New supplier payable days",null,{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"},{"v":25,"d":"25.0"}]
[null,null,"Unbilled project revenue share",null,{"v":0.14,"d":"14.0%"},{"v":0.15,"d":"15.0%"},{"v":0.16,"d":"16.0%"},{"v":0.16,"d":"16.0%"},{"v":0.18,"d":"18.0%"},{"v":0.2,"d":"20.0%"},{"v":0.23,"d":"23.0%"},{"v":0.25,"d":"25.0%"}]
[null,null,"Advance contract billing share",null,{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"},{"v":0.4,"d":"40.0%"}]
[null,null,"Capital purchases",null,{"v":6000,"d":"€6,000"},0,{"v":12000,"d":"€12,000"},0,{"v":6000,"d":"€6,000"},0,{"v":14000,"d":"€14,000"},0]
[null,null,"Cash tax paid",null,0,0,{"v":12000,"d":"€12,000"},0,0,{"v":10000,"d":"€10,000"},0,0]
[null,null,"Opening AR collection delay days",null,0,0,0,0,0,0,0,0]
{"$rows_empty":17}
[null,null,"Opening balances at 31 December 2025"]
[]
[]
[null,null,"Opening cash",null,{"v":160000,"d":"160,000.0"}]
[null,null,"Opening ar",null,{"v":115000,"d":"115,000.0"}]
[null,null,"Opening wip",null,{"v":15000,"d":"15,000.0"}]
[null,null,"Opening deferred",null,{"v":23000,"d":"23,000.0"}]
[null,null,"Opening ap",null,{"v":30000,"d":"30,000.0"}]
[null,null,"Opening accrual",null,{"v":18000,"d":"18,000.0"}]
[null,null,"Opening gross",null,{"v":85000,"d":"85,000.0"}]
[null,null,"Opening accum",null,{"v":24000,"d":"24,000.0"}]
[null,null,"Opening debt",null,{"v":120000,"d":"120,000.0"}]
[null,null,"Opening tax",null,{"v":7000,"d":"7,000.0"}]
[null,null,"Opening capital",null,{"v":50000,"d":"50,000.0"}]
[null,null,"Opening equity",null,{"v":103000,"d":"103,000.0"}]
[]
[]
[]
[]
[null,null,"Invented inputs for a fictional business. No client data."]
[]
[null,null,"Closing receivables",null,{"v":128000,"d":"128,000.0"},{"v":137000,"d":"137,000.0"},{"v":146000,"d":"146,000.0"},{"v":158000,"d":"158,000.0"},{"v":174000,"d":"174,000.0"},{"v":189000,"d":"189,000.0"},{"v":203000,"d":"203,000.0"},{"v":220000,"d":"220,000.0"}]
[null,null,"Closing payables",null,{"v":31000,"d":"31,000.0"},{"v":32000,"d":"32,000.0"},{"v":35000,"d":"35,000.0"},{"v":36000,"d":"36,000.0"},{"v":37000,"d":"37,000.0"},{"v":39000,"d":"39,000.0"},{"v":42000,"d":"42,000.0"},{"v":46000,"d":"46,000.0"}]

{"sheet":"AR and AP","index":11,"n_rows":37,"n_cols":15,"rows_kept":37}
[]
[null,null,"AR and AP"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[]
[]
[null,null,"Receivable","Invoice date","Due date","Outstanding","Receipt plan","Delay days","Effective date","Days overdue"]
[null,null,"AR-1","2026-06-05","2026-07-05",{"v":24200,"d":"24,200.0"},"2026-09-04",{"$f":"'Assumptions'!M71","v":0},{"$f":"G9+H9","v":"2026-09-04"},{"$f":"MAX(0,DATE(2026,8,31)-E9)","v":{"v":57,"d":"57.0"}}]
[null,null,"AR-2","2026-06-07","2026-07-07",{"v":26400,"d":"26,400.0"},"2026-09-11",{"$f":"'Assumptions'!M71","v":0},{"$f":"G10+H10","v":"2026-09-11"},{"$f":"MAX(0,DATE(2026,8,31)-E10)","v":{"v":55,"d":"55.0"}}]
[null,null,"AR-3","2026-06-09","2026-07-09",{"v":28600,"d":"28,600.0"},"2026-09-18",{"$f":"'Assumptions'!M71","v":0},{"$f":"G11+H11","v":"2026-09-18"},{"$f":"MAX(0,DATE(2026,8,31)-E11)","v":{"v":53,"d":"53.0"}}]
[null,null,"AR-4","2026-07-11","2026-08-11",{"v":22000,"d":"22,000.0"},"2026-09-25",{"$f":"'Assumptions'!M71","v":0},{"$f":"G12+H12","v":"2026-09-25"},{"$f":"MAX(0,DATE(2026,8,31)-E12)","v":{"v":20,"d":"20.0"}}]
[null,null,"AR-5","2026-07-13","2026-08-13",{"v":30800.000000000004,"d":"30,800.0"},"2026-09-04",{"$f":"'Assumptions'!M71","v":0},{"$f":"G13+H13","v":"2026-09-04"},{"$f":"MAX(0,DATE(2026,8,31)-E13)","v":{"v":18,"d":"18.0"}}]
[null,null,"AR-6","2026-08-15","2026-09-15",{"v":26400,"d":"26,400.0"},"2026-09-11",{"$f":"'Assumptions'!M71","v":0},{"$f":"G14+H14","v":"2026-09-11"},{"$f":"MAX(0,DATE(2026,8,31)-E14)","v":0}]
[null,null,"AR-7","2026-08-17","2026-09-17",{"v":33000,"d":"33,000.0"},"2026-09-18",{"$f":"'Assumptions'!M71","v":0},{"$f":"G15+H15","v":"2026-09-18"},{"$f":"MAX(0,DATE(2026,8,31)-E15)","v":0}]
[null,null,"AR-8","2026-08-19","2026-09-19",{"v":28600,"d":"28,600.0"},"2026-09-25",{"$f":"'Assumptions'!M71","v":0},{"$f":"G16+H16","v":"2026-09-25"},{"$f":"MAX(0,DATE(2026,8,31)-E16)","v":0}]
[]
[]
[]
[]
[]
[]
[null,null,"Payable","Invoice date","Due date","Invoice total","Paid to date","Outstanding","Payment plan","Approval","Review","Hold","Eligible payment","Effective date","Next action"]
[null,null,"AP-1","2026-07-03","2026-08-03",{"v":7060,"d":"7,060.0"},{"v":2000,"d":"2,000.0"},{"$f":"F24-G24","v":{"v":5060,"d":"5,060.0"}},"2026-09-04","Pending","Complete","Yes",{"$f":"IF(AND(J24=\"Approved\",K24=\"Complete\",L24=\"No\"),H24,0)","v":0},{"$f":"IF(AND(J24=\"Approved\",K24=\"Complete\",L24=\"No\"),I24,0)","v":"00:00:00"},{"$f":"IF(AND(J24=\"Approved\",K24=\"Complete\",L24=\"No\"),\"Scheduled\",IF(J24<>\"Approved\",\"Approval. \",\"\")&IF(K24<>\"Complete\",\"Review. \",\"\")&IF(L24=\"Yes\",\"Release hold.\",\"\"))","v":"Approval. Release hold."}]
[null,null,"AP-2","2026-07-06","2026-08-06",{"v":5980,"d":"5,980.0"},0,{"$f":"F25-G25","v":{"v":5980,"d":"5,980.0"}},"2026-09-04","Approved","Complete","No",{"$f":"IF(AND(J25=\"Approved\",K25=\"Complete\",L25=\"No\"),H25,0)","v":{"v":5980,"d":"5,980.0"}},{"$f":"IF(AND(J25=\"Approved\",K25=\"Complete\",L25=\"No\"),I25,0)","v":"2026-09-04"},{"$f":"IF(AND(J25=\"Approved\",K25=\"Complete\",L25=\"No\"),\"Scheduled\",IF(J25<>\"Approved\",\"Approval. \",\"\")&IF(K25<>\"Complete\",\"Review. \",\"\")&IF(L25=\"Yes\",\"Release hold.\",\"\"))","v":"Scheduled"}]
[null,null,"AP-3","2026-07-09","2026-08-09",{"v":6440.000000000001,"d":"6,440.0"},0,{"$f":"F26-G26","v":{"v":6440.000000000001,"d":"6,440.0"}},"2026-09-11","Approved","Complete","No",{"$f":"IF(AND(J26=\"Approved\",K26=\"Complete\",L26=\"No\"),H26,0)","v":{"v":6440.000000000001,"d":"6,440.0"}},{"$f":"IF(AND(J26=\"Approved\",K26=\"Complete\",L26=\"No\"),I26,0)","v":"2026-09-11"},{"$f":"IF(AND(J26=\"Approved\",K26=\"Complete\",L26=\"No\"),\"Scheduled\",IF(J26<>\"Approved\",\"Approval. \",\"\")&IF(K26<>\"Complete\",\"Review. \",\"\")&IF(L26=\"Yes\",\"Release hold.\",\"\"))","v":"Scheduled"}]
[null,null,"AP-4","2026-07-12","2026-08-12",{"v":7520,"d":"7,520.0"},{"v":2000,"d":"2,000.0"},{"$f":"F27-G27","v":{"v":5520,"d":"5,520.0"}},"2026-09-11","Approved","Pending","No",{"$f":"IF(AND(J27=\"Approved\",K27=\"Complete\",L27=\"No\"),H27,0)","v":0},{"$f":"IF(AND(J27=\"Approved\",K27=\"Complete\",L27=\"No\"),I27,0)","v":"00:00:00"},{"$f":"IF(AND(J27=\"Approved\",K27=\"Complete\",L27=\"No\"),\"Scheduled\",IF(J27<>\"Approved\",\"Approval. \",\"\")&IF(K27<>\"Complete\",\"Review. \",\"\")&IF(L27=\"Yes\",\"Release hold.\",\"\"))","v":"Review. "}]
[null,null,"AP-5","2026-08-15","2026-09-15",{"v":7360,"d":"7,360.0"},0,{"$f":"F28-G28","v":{"v":7360,"d":"7,360.0"}},"2026-09-18","Approved","Complete","No",{"$f":"IF(AND(J28=\"Approved\",K28=\"Complete\",L28=\"No\"),H28,0)","v":{"v":7360,"d":"7,360.0"}},{"$f":"IF(AND(J28=\"Approved\",K28=\"Complete\",L28=\"No\"),I28,0)","v":"2026-09-18"},{"$f":"IF(AND(J28=\"Approved\",K28=\"Complete\",L28=\"No\"),\"Scheduled\",IF(J28<>\"Approved\",\"Approval. \",\"\")&IF(K28<>\"Complete\",\"Review. \",\"\")&IF(L28=\"Yes\",\"Release hold.\",\"\"))","v":"Scheduled"}]
[null,null,"AP-6","2026-08-18","2026-09-18",{"v":5060,"d":"5,060.0"},0,{"$f":"F29-G29","v":{"v":5060,"d":"5,060.0"}},"2026-09-18","Approved","Complete","No",{"$f":"IF(AND(J29=\"Approved\",K29=\"Complete\",L29=\"No\"),H29,0)","v":{"v":5060,"d":"5,060.0"}},{"$f":"IF(AND(J29=\"Approved\",K29=\"Complete\",L29=\"No\"),I29,0)","v":"2026-09-18"},{"$f":"IF(AND(J29=\"Approved\",K29=\"Complete\",L29=\"No\"),\"Scheduled\",IF(J29<>\"Approved\",\"Approval. \",\"\")&IF(K29<>\"Complete\",\"Review. \",\"\")&IF(L29=\"Yes\",\"Release hold.\",\"\"))","v":"Scheduled"}]
[null,null,"AP-7","2026-08-21","2026-09-21",{"v":7520,"d":"7,520.0"},{"v":2000,"d":"2,000.0"},{"$f":"F30-G30","v":{"v":5520,"d":"5,520.0"}},"2026-09-25","Approved","Complete","No",{"$f":"IF(AND(J30=\"Approved\",K30=\"Complete\",L30=\"No\"),H30,0)","v":{"v":5520,"d":"5,520.0"}},{"$f":"IF(AND(J30=\"Approved\",K30=\"Complete\",L30=\"No\"),I30,0)","v":"2026-09-25"},{"$f":"IF(AND(J30=\"Approved\",K30=\"Complete\",L30=\"No\"),\"Scheduled\",IF(J30<>\"Approved\",\"Approval. \",\"\")&IF(K30<>\"Complete\",\"Review. \",\"\")&IF(L30=\"Yes\",\"Release hold.\",\"\"))","v":"Scheduled"}]
[null,null,"AP-8","2026-08-24","2026-09-24",{"v":5060,"d":"5,060.0"},0,{"$f":"F31-G31","v":{"v":5060,"d":"5,060.0"}},"2026-09-25","Approved","Complete","No",{"$f":"IF(AND(J31=\"Approved\",K31=\"Complete\",L31=\"No\"),H31,0)","v":{"v":5060,"d":"5,060.0"}},{"$f":"IF(AND(J31=\"Approved\",K31=\"Complete\",L31=\"No\"),I31,0)","v":"2026-09-25"},{"$f":"IF(AND(J31=\"Approved\",K31=\"Complete\",L31=\"No\"),\"Scheduled\",IF(J31<>\"Approved\",\"Approval. \",\"\")&IF(K31<>\"Complete\",\"Review. \",\"\")&IF(L31=\"Yes\",\"Release hold.\",\"\"))","v":"Scheduled"}]
[]
[]
[]
[null,null,"Held/incomplete invoices remain payable but have no scheduled payment."]
[]
[null,null,"Authorised client approvers retain payment authority."]

{"sheet":"Forecast checks","index":12,"n_rows":20,"n_cols":16,"rows_kept":20}
[]
[null,null,"Forecast checks"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[{"$nulls":4},"Actual","Actual","Actual","Actual","Actual","Actual","Actual","Actual","Forecast","Forecast","Forecast","Forecast"]
[{"$nulls":4},"2026-01-01","2026-02-01","2026-03-01","2026-04-01","2026-05-01","2026-06-01","2026-07-01","2026-08-01","2026-09-01","2026-10-01","2026-11-01","2026-12-01"]
[null,null,"Balance sheet balances",null,{"$f":"'Balance sheet'!E23","v":{"v":-5.820766091346741e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!F23","v":{"v":-5.820766091346741e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!G23","v":{"v":-5.820766091346741e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!H23","v":{"v":-5.820766091346741e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!I23","v":{"v":-5.820766091346741e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!J23","v":{"v":0,"d":"0.00"}},{"$f":"'Balance sheet'!K23","v":{"v":-5.820766091346741e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!L23","v":{"v":-2.9103830456733704e-11,"d":"(0.00)"}},{"$f":"'Balance sheet'!M23","v":{"v":0,"d":"0.00"}},{"$f":"'Balance sheet'!N23","v":{"v":1.1641532182693481e-10,"d":"0.00"}},{"$f":"'Balance sheet'!O23","v":{"v":5.820766091346741e-11,"d":"0.00"}},{"$f":"'Balance sheet'!P23","v":{"v":0,"d":"0.00"}}]
[null,null,"Cash flow closes to balance sheet cash",null,{"$f":"'Cash flow'!E20-'Balance sheet'!E8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!F20-'Balance sheet'!F8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!G20-'Balance sheet'!G8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!H20-'Balance sheet'!H8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!I20-'Balance sheet'!I8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!J20-'Balance sheet'!J8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!K20-'Balance sheet'!K8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!L20-'Balance sheet'!L8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!M20-'Balance sheet'!M8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!N20-'Balance sheet'!N8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!O20-'Balance sheet'!O8","v":{"v":0,"d":"0.00"}},{"$f":"'Cash flow'!P20-'Balance sheet'!P8","v":{"v":0,"d":"0.00"}}]
[null,null,"Receivables roll forward",null,{"$f":"'Working capital'!E14+'Working capital'!E12-'Working capital'!E20-'Working capital'!E19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!F14+'Working capital'!F12-'Working capital'!F20-'Working capital'!F19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!G14+'Working capital'!G12-'Working capital'!G20-'Working capital'!G19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!H14+'Working capital'!H12-'Working capital'!H20-'Working capital'!H19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!I14+'Working capital'!I12-'Working capital'!I20-'Working capital'!I19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!J14+'Working capital'!J12-'Working capital'!J20-'Working capital'!J19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!K14+'Working capital'!K12-'Working capital'!K20-'Working capital'!K19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!L14+'Working capital'!L12-'Working capital'!L20-'Working capital'!L19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!M14+'Working capital'!M12-'Working capital'!M20-'Working capital'!M19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!N14+'Working capital'!N12-'Working capital'!N20-'Working capital'!N19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!O14+'Working capital'!O12-'Working capital'!O20-'Working capital'!O19","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!P14+'Working capital'!P12-'Working capital'!P20-'Working capital'!P19","v":{"v":0,"d":"0.00"}}]
[null,null,"Payables roll forward",null,{"$f":"'Working capital'!E22+'Working capital'!E23-'Working capital'!E27-'Working capital'!E26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!F22+'Working capital'!F23-'Working capital'!F27-'Working capital'!F26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!G22+'Working capital'!G23-'Working capital'!G27-'Working capital'!G26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!H22+'Working capital'!H23-'Working capital'!H27-'Working capital'!H26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!I22+'Working capital'!I23-'Working capital'!I27-'Working capital'!I26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!J22+'Working capital'!J23-'Working capital'!J27-'Working capital'!J26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!K22+'Working capital'!K23-'Working capital'!K27-'Working capital'!K26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!L22+'Working capital'!L23-'Working capital'!L27-'Working capital'!L26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!M22+'Working capital'!M23-'Working capital'!M27-'Working capital'!M26","v":{"v":3.637978807091713e-12,"d":"0.00"}},{"$f":"'Working capital'!N22+'Working capital'!N23-'Working capital'!N27-'Working capital'!N26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!O22+'Working capital'!O23-'Working capital'!O27-'Working capital'!O26","v":{"v":0,"d":"0.00"}},{"$f":"'Working capital'!P22+'Working capital'!P23-'Working capital'!P27-'Working capital'!P26","v":{"v":0,"d":"0.00"}}]
[null,null,"Opening AR records tie to August",null,{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!F9:F16)-'Balance sheet'!L9","v":{"v":0,"d":"0.00"}}]
[null,null,"Opening AP records tie to August",null,{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}},{"$f":"SUM('AR and AP'!H24:H31)-'Balance sheet'!L14","v":{"v":0,"d":"0.00"}}]
[null,null,"Dated events tie to monthly cash flow",null,{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"0","v":{"v":0,"d":"0.00"}},{"$f":"SUMIFS('13 week cash'!$F$40:$F$103,'13 week cash'!$D$40:$D$103,\">=\"&M$7,'13 week cash'!$D$40:$D$103,\"<\"&EDATE(M$7,1))-'Cash flow'!M18","v":{"v":-1.4551915228366852e-11,"d":"(0.00)"}},{"$f":"SUMIFS('13 week cash'!$F$40:$F$103,'13 week cash'!$D$40:$D$103,\">=\"&N$7,'13 week cash'!$D$40:$D$103,\"<\"&EDATE(N$7,1))-'Cash flow'!N18","v":{"v":6.912159733474255e-11,"d":"0.00"}},{"$f":"SUMIFS('13 week cash'!$F$40:$F$103,'13 week cash'!$D$40:$D$103,\">=\"&O$7,'13 week cash'!$D$40:$D$103,\"<\"&EDATE(O$7,1))-'Cash flow'!O18","v":{"v":1.4551915228366852e-11,"d":"0.00"}},{"$f":"SUMIFS('13 week cash'!$F$40:$F$103,'13 week cash'!$D$40:$D$103,\">=\"&P$7,'13 week cash'!$D$40:$D$103,\"<\"&EDATE(P$7,1))-'Cash flow'!P18","v":{"v":7.275957614183426e-11,"d":"0.00"}}]
[null,null,"Contribution ties to August gross profit",null,{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}},{"$f":"SUM('Operating model'!J53:J57)-'Operating model'!L21","v":{"v":0,"d":"0.00"}}]
[null,null,"Media receipts equal media payments",null,{"$f":"'Assumptions'!E23+-'Assumptions'!E23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!F23+-'Assumptions'!F23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!G23+-'Assumptions'!G23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!H23+-'Assumptions'!H23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!I23+-'Assumptions'!I23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!J23+-'Assumptions'!J23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!K23+-'Assumptions'!K23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!L23+-'Assumptions'!L23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!M23+-'Assumptions'!M23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!N23+-'Assumptions'!N23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!O23+-'Assumptions'!O23","v":{"v":0,"d":"0.00"}},{"$f":"'Assumptions'!P23+-'Assumptions'!P23","v":{"v":0,"d":"0.00"}}]
[]
[]
[]
[null,null,"Differences should be zero within €0.01. No forecast depends on checks."]

{"sheet":"Guide","index":13,"n_rows":41,"n_cols":8,"rows_kept":41,"merged":[[7,2,8,15],[10,2,11,15],[13,2,14,15],[16,2,17,15],[19,2,20,15],[22,2,23,15],[25,2,26,15],[28,2,29,15],[31,2,32,15],[34,2,35,15],[37,2,38,15],[40,2,41,15]]}
[]
[null,null,"Guide"]
[]
[null,null,"Selected case",null,{"$f":"'Assumptions'!$G$4","v":"Base"},null,null,"EUR. Entirely fictional."]
[]
[]
[]
[null,null,"Retainers earned monthly; project fees recognised for delivered hours. Agency acts as agent for client media: prefunded media receipts and payments are excluded from net fee revenue. Media is settled within each month, with no month-end client-fund balance."]
[]
[]
[null,null,"One editable selector on Assumptions E4: 1 Base, 2 Downside. Active forecast inputs update the same operating and accounting build."]
[]
[]
[null,null,"Jan–Aug actuals are entirely invented. Original budget has separate dated inputs and never changes with the selected case."]
[]
[]
[null,null,"Working capital distinguishes unbilled work, invoices, collections, advance billings and supplier settlement. Known opening invoice dates constrain forecast collections."]
[]
[]
[null,null,"Client and supplier records are fictional. Approval, review completion and hold release are independent prerequisites to scheduling a payable."]
[]
[]
[null,null,"Amounts are EUR units. Costs are positive in the P&L; cash outflows are negative. No VAT, deferred tax, foreign exchange or jurisdiction tax rules are modelled."]
[]
[]
[null,null,"The 13-week forecast starts 1 September after 31 August close, ends 29 November and includes 30 November separately for month-end reconciliation."]
[]
[]
[null,null,"Bank cash is reduced by client media funds to show available cash. Negative available cash is an unfunded need, not an approved facility. Weekly closing cash can hide earlier daily lows."]
[]
[]
[null,null,"Known invoices are scheduled first. Residual new monthly receipts and supplier payments settle 45% on day 15 and 55% on day 28. No double counting."]
[]
[]
[null,null,"Agency media is client-prefunded on day 5 and paid on day 10. These funds are reserved for that purpose. IT managed services and licences are billed monthly."]
[]
[]
[null,null,"Available delivery hours are 160 per paid FTE per month. Payroll is fully loaded. New assets depreciate over 36 months from the purchase month; opening depreciation is €1,800 monthly."]
[]
[]
[null,null,"This is a public demonstration of financial methods and deliverables, not an achieved client result."]