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I tried to replicate the program above and i trink it's completely the same:

var c k h l z;


varexo e;

parameters beta alpha gamma theta omega rho sigma;


beta = .96;
alpha = .29;
gamma= 2;
theta = .6;
omega= 1.42;
rho=.51;
sigma = .045;

model;


exp(l)=((1-alpha)*(exp(k(-1)*exp(h)))^alpha*exp(l)^(-alpha))^(1/theta);
exp(h)=(alpha*(exp(k(-1))*exp(h))^(alpha-1)*exp(l)^(1-alpha)*(exp(z)))^(1/(omega-1));
((exp(c)-(exp(l)^(1+theta))/(1+theta))^(-gamma))/(exp(z))=beta*(exp(c(+1))-(exp(l(+1))^(1+theta))/(1+theta))^(-gamma)*(alpha*(exp(k)*exp(h(+1)))^(alpha-1)*exp(l(+1))^(1-alpha)*exp(h(+1))+(1-(1/omega)*exp(h(+1))^omega)/(exp(z(+1))));
(exp(k(-1))*exp(h))^alpha*exp(l)^(1-alpha)=exp(c)+exp(k)/(exp(z))-(exp(k(-1))*(1-(1/omega)*exp(h)^omega))/(exp(z));

end;

initval;

k=log(0.567966);
l=log(0.3610);
h=log(0.251526);
c=log(0.2196);
z=0;
e=0;
end;

steady;
check;


shocks;
var e = sigma^2;
end;

stoch_simul(periods=2100,order=1);


but i get the following error message:
Error: File: Abschlusspaper.m Line: 22 Column: 58
The expression to the left of the equals sign is not a valid target for an assignment.
(that's the line with the third equation)

Can you tell me what the problem is?
Thank you in advance!

Could it be that you run the code as a m-file and not a mod-file executed with Dynare? If you did the latter, it would tell you

Starting preprocessing of the model file ...
ERROR: There are 4 equations but 5 endogenous variables!

Error using dynare (line 131)
DYNARE: preprocessing failed