N. LEVENTERIS

NOTICE ON COMMENTARY ON FINANCIAL STATEMENTS/ REPORTS

The Company's course was reflected in the results of the year, more specifically:

 

The Company's turnover in the year 2024 amounted to 871,114.40 euros, showing an increase of 72,280.60 euros compared to 2023, mainly due to the management's efforts to further increase the turnover.

 

The gross operating profit in the year 2024 amounted to 217,749.89 euros, showing an increase of 80,323.06 euros compared to 2023, mainly due to the increase in turnover and the increase in gross profitability as a percentage of sales compared to the previous year.

The results (losses) before taxes, financial and investment results and total depreciation (LBITDA) amounted to (652,386.08) euros in the year 2024 against losses before taxes, financial and investment results and total depreciation (LBITDA) (260,339.45) euros compared to 2023.

Losses for the year after taxes amounted to 1,055,804.40 euros in the year 2024 against losses for the year after taxes of 453,985.28 in 2023 (mainly due to the loss-making effect of the year from the sale of real estate).

The total expenses of the Company's Administrative Operation and Disposal Operation amounted to 811,738.17 euros in 2024, showing an increase of 13,937.48 euros compared to the total expenses of Administrative Operation and Disposal Operation in 2023.

 

Financial expenses amounted to 160,214.46 euros in the year 2024, showing a decrease of 6,219.22 euros compared to financial expenses in 2023.

 

In 2024, the company comfortably covers its short-term obligations. Also, the increase in the share of current assets in total assets is an indication of strengthening the company's liquidity.

 

The capital structure of the company was partially burdened (Increase in the ratio of liabilities in relation to equity capital in relation to the previous year).