The company's long-term assets have decreased by approximately 17% year-over-year, primarily driven by a decline in the fair value of investment properties. This decrease is largely attributed to changes in market conditions and assumptions used in the valuation process. Conversely, short-term assets have increased by around 10%, mainly due to an increase in cash and cash equivalents. The company's total assets have decreased by approximately 17% year-over-year, reflecting a decline in both long-term and short-term assets. Notably, investments have also decreased by around 12%, indicating a reduction in the company's investment portfolio.
The company's reliance on long-term debt is concerning, with an increase of EUR 1,492 thousand in loans from credit institutions at the end of 2025 compared to 2024. This trend suggests that the company may be struggling to manage its cash flows and is relying heavily on external financing to sustain operations. The gearing ratio has increased significantly, indicating a higher level of debt relative to equity, which could pose risks to the company's financial stability in the long term. On the other hand, the equity ratio has declined substantially, suggesting that the company's ability to generate profits from its assets is deteriorating. Overall, these trends suggest that the company's financial position is becoming increasingly precarious and requires urgent attention from management to address the underlying issues.
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