Economic Results

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Consolidated Balance Sheet

(in thousands of euros)

31.12.2024 31.12.2023 Note no.
Assets
Current Assets
Cash and Cash Equivalents 1 105 4 297 2
Receivables and Prepayments 74 376 67 920 3, 5
Inventories 38 513 22 793 4
Total Current Assets 113 994 95 010
Non-current Assets
Long-term Investments 42 473 44 301 7
Receivables and Prepayments 14 377 21 808 3
Property, Plant and Equipment 161 362 150 342 8
Intangible Assets 6 757 4 491 9
Total Non-current Assets 224 969 220 942
Total Assets 338 963 315 952
Liabilities and Equity
Liabilities
Current Liabilities
Borrowings 50 625 37 897 10, 12
Payables and Prepayments 65 593 54 963 5, 13, 14
Provisions 1 706 15
Targeted Financing 292 292 16
Total Current Liabilities 116 511 93 858
Non-current Liabilities
Borrowings 77 495 78 044 10, 12
Payables and Prepayments 4 100 13
Deferred Tax Liability 914 582 5
Provisions 5 7 15
Targeted Financing 1 511 1 192 16
Total Non-current Liabilities 79 929 79 925
Total Liabilities 196 440 173 783
Equity
Equity Attributable to Owners of the Parent
Share Capital at Nominal Value 1 644 1 644 17
Share Premium 1 435 1 435
Legal Reserve 165 165
Other Reserves 86 385 83 008 8, 17, 35
Retained Earnings from Previous Periods 58 155 47 223
Profit (Loss) for the Year -5 258 8 697
Total Equity Attributable to Owners of the Parent 142 523 142 169
Non-controlling Interest 0 0
Total Equity 142 523 142 169
Total Liabilities and Equity 338 963 315 952

Consolidated Income Statement

(in thousands of euros)

2024 2023 Note no.
Revenue 594 166 617 909 18
Other Operating Income 1 271 1 232 19
Change in Inventories of Finished Goods and Work in Progress 30 0 4
Capitalized Expenditures for Own Use in Fixed Asset Production 455 0 9
Cost of Goods, Raw Materials and Services -550 967 -567 634 20
Other Operating Expenses -8 061 -7 571 21
Personnel Expenses -19 377 -16 635 22
Depreciation and Impairment of Fixed Assets -11 604 -13 024 8, 9
Other Operating Costs -873 -1 051 23
Operating Profit (Loss) 5 040 13 226
Profit (Loss) from Subsidiaries and Associates -989 3 023 6, 7
Interest Income 502 446 24
Interest Expenses -8 417 -7 311 25
Other Financial Income and Expenses -1 043 -556 26
Profit (Loss) Before Tax -4 907 8 828
Income Tax -351 -131 5
Profit (Loss) for the Year -5 258 8 697
Non-controlling Interest Share of Profit 0 0
Parent Company Shareholder's Share of Profit -5 258 8 697

Consolidated Statement of Comprehensive Income

(in thousands of euros)

31.12.2024 31.12.2023 Note no.
Profit (Loss) for the Year -5 258 8 697
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) 6 452 2 356 8, 17, 35
Total Other Comprehensive Income (Loss) 6 452 2 356
Total Comprehensive Income (Loss) for the Year 1 194 11 053
Non-controlling Interest Share of Profit 0 0
Parent Company Shareholder's Share of Comprehensive Income (Loss) 1 194 11 053

Consolidated Cash Flow Statement

(in thousands of euros)

2024 2023 Note no.
Cash Flows from Operating Activities
Operating Profit (Loss) 5 040 13 226
Adjustments
Depreciation and Impairment of Fixed Assets 11 604 13 024 8, 9
Profit (Loss) from Sale of Fixed Assets -230 -4 8, 9, 19
Other Adjustments -253 -165 15, 16
Total Adjustments 11 121 12 855
Change in Operating Receivables and Prepayments -3 515 3 052
Change in Inventories -15 720 23 538 4
Change in Operating Payables and Prepayments 6 783 -10 381
Total Cash Flows from Operating Activities 3 709 42 291
Cash Flows from Investing Activities
Payments for Acquisition of Property, Plant and Equipment and Intangible Assets -8 742 -20 527 8, 9
Proceeds from Sale of Property, Plant and Equipment and Intangible Assets 320 350 8
Net Cash Flow from Acquisition of Subsidiaries -600 866
Payments for Acquisition of Associates 0 -1 651 7
Net Cash Flow from Sale of Subsidiaries 0 5 270 6
Loans Granted -300 -2 370 3
Loan Repayments Received 16 1 950 3
Interest Received 46 16
Total Cash Flows from Investing Activities -9 260 -16 096
Cash Flows from Financing Activities
Loans Received 197 375 186 357 12
Loan Repayments -184 646 -201 431 12
Change in Overdraft Balance -1 768 -807 12
Lease Principal Repayments -1 986 -1 687 10
Interest Paid -7 230 -6 128
Proceeds from Targeted Financing 614 796 16
Total Cash Flows from Financing Activities 2 359 -22 900
Total Cash Flows -3 192 3 295
Cash and Cash Equivalents at Beginning of Period 4 297 1 002 2
Change in Cash and Cash Equivalents -3 192 3 295
Cash and Cash Equivalents at End of Period 1 105 4 297 2

Consolidated Statement of Changes in Equity

(in thousands of euros)

Equity Attributable to Owners of the Parent Non-controlling Interest Total
Share Capital at Nominal Value Share Premium Legal Reserve Other Reserves Retained Earnings (Loss)
31.12.2022 1 644 1 435 162 83 401 44 768 0 131 410
Profit (Loss) for the Year 0 0 0 0 8 697 0 8 697
Changes in Reserves 0 0 0 -393 2 749 0 2 356
Other Changes in Equity 0 0 0 0 -294 -294
31.12.2023 1 644 1 435 162 83 008 55 920 0 142 169
Profit (Loss) for the Year 0 0 0 0 -5 258 0 -5 258
Changes in Reserves 0 0 0 3 377 3 075 6 452
Other Changes in Equity 0 0 0 -840 0 -840
31.12.2024 1 644 1 435 162 86 385 52 897 0 142 523


The equity item „Muud reservid” includes fixed assets ümberhindluse reservi and natural gas and electricity risk management reserves. Additional information fixed assets ümberhindluse reservi changes is provided in Note 8 and risk management reserves in Note 35.

The item „Other Changes in Equity“ reflects changes from äriühendustest.

More detailed information about share capital and other equity items is provided in Note 17.