Hydraulic Elements and Systems AD (BUL:HES)

BUL:HES Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.63	1.25	0.76	1.13	0.76	0.84
Cash & Short-Term Investments	0.63	1.25	0.76	1.13	0.76	0.84
Cash Growth	-56.27%	65.08%	-33.22%	49.66%	-9.72%	-69.22%
Accounts Receivable	10.17	9.24	7.8	5.13	6.52	7.06
Other Receivables	0.49	0.68	0.51	0.12	0.3	0.41
Receivables	10.66	9.92	8.31	5.25	6.82	7.46
Inventory	5.68	5.56	5.09	6.16	8.25	5.17
Prepaid Expenses	0.2	0.08	0.07	0.05	0.32	0.17
Other Current Assets	0	0	0	0	0.01	0.02
Total Current Assets	17.17	16.81	14.23	12.6	16.14	13.66
Property, Plant & Equipment	8.82	9.56	10.34	10.8	9.76	9.44
Long-Term Investments	4.33	4.33	10.16	8.24	6.98	6.21
Other Intangible Assets	0.47	0.3	0.06	0.08	0.09	0.14
Total Assets	30.78	31	34.79	31.72	32.97	29.45

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	3.92	4.11	3.02	1.34	2.9	3.16
Accrued Expenses	1.42	1.39	1	1.26	1.51	1.34
Short-Term Debt	-	1.69	1.7	-	-	-
Current Income Taxes Payable	0.31	0.16	0.1	0.09	0.13	0.13
Current Unearned Revenue	0.01	0	-	0	0.03	0.16
Other Current Liabilities	2.9	1.14	1.15	3.28	2.62	1.31
Total Current Liabilities	8.56	8.49	6.96	5.97	7.18	6.1
Long-Term Unearned Revenue	-	-	-	-	-	0.03
Long-Term Deferred Tax Liabilities	0.27	0.27	0.88	0.69	0.54	0.48
Other Long-Term Liabilities	-	-	-	-	-	0
Total Liabilities	8.83	8.77	7.84	6.66	7.73	6.61

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	9.28	9.31	9.33	9.3	9.3	9.3
Retained Earnings	7.17	7.4	6.84	6.71	8.03	6.31
Comprehensive Income & Other	5.5	5.53	10.78	9.05	7.91	7.23
Shareholders' Equity	21.96	22.24	26.95	25.06	25.25	22.84
Total Liabilities & Equity	30.78	31	34.79	31.72	32.97	29.45

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	-	1.69	1.7	-	-	-
Net Cash (Debt)	0.63	-0.44	-0.94	1.13	0.76	0.84
Net Cash Growth	51.41%	-	-	49.66%	-9.72%	-68.96%
Net Cash Per Share	0.03	-0.02	-0.05	0.06	0.04	0.05
Filing Date Shares Outstanding	18.19	18.19	18.19	18.19	18.19	18.19
Total Common Shares Outstanding	18.19	18.19	18.19	18.19	18.19	18.19
Working Capital	8.61	8.32	7.27	6.63	8.96	7.56
Book Value Per Share	1.21	1.22	1.48	1.38	1.39	1.26
Tangible Book Value	21.49	21.94	26.89	24.98	25.16	22.7
Tangible Book Value Per Share	1.18	1.21	1.48	1.37	1.38	1.25
Land	0.54	0.55	0.55	0.55	0.55	0.55
Buildings	3.95	3.88	3.75	3.69	3.69	3.56
Machinery	25.81	25.56	24.24	22.96	21.51	18.97
Construction In Progress	0.44	0.6	0.85	0.72	1.23	1.6

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

Data Sources Report a data error