NET ASSETS.

As at the balance sheet date, the financial position shows total assets of EUR 61,556k. Compared with the previous year, total assets have decreased by EUR 18,136k, primarily due to a reduction in trade receivables on the assets side as a result of lower turnover. Conversely, on the liabilities side, freight liabilities and other liabilities have fallen due to lower costs of materials.

As a result of the reduction in total assets, the equity ratio increased from 23.13 % in the previous year to 31.03 %.