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	1.2	2.45	1.48	2.22	1.48	1.64
Cash & Short-Term Investments	1.2	2.45	1.48	2.22	1.48	1.64
Cash Growth	-57.47%	65.43%	-33.39%	49.63%	-9.68%	-69.23%
Accounts Receivable	19.34	18.06	15.22	10.03	12.75	13.8
Other Receivables	0.93	1.34	1	0.23	0.59	0.79
Receivables	20.27	19.39	16.21	10.26	13.33	14.59
Inventory	10.8	10.87	9.93	12.06	16.14	10.11
Prepaid Expenses	0.38	0.15	0.14	0.11	0.62	0.33
Other Current Assets	0	0	0	0.01	0.02	0.05
Total Current Assets	32.65	32.86	27.76	24.65	31.58	26.72
Property, Plant & Equipment	16.77	18.69	20.17	21.13	19.1	18.45
Long-Term Investments	8.24	8.47	19.82	16.11	13.65	12.15
Other Intangible Assets	0.89	0.58	0.12	0.16	0.18	0.27
Total Assets	58.55	60.61	67.87	62.04	64.51	57.6

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	7.46	8.04	5.89	2.62	5.68	6.19
Accrued Expenses	2.7	2.72	1.95	2.47	2.95	2.61
Short-Term Debt	-	3.31	3.31	-	-	-
Current Income Taxes Payable	0.59	0.31	0.19	0.17	0.25	0.26
Current Unearned Revenue	0.01	0.01	-	0	0.05	0.3
Other Current Liabilities	5.52	2.22	2.25	6.41	5.13	2.57
Total Current Liabilities	16.27	16.6	13.58	11.67	14.05	11.93
Long-Term Unearned Revenue	-	-	-	-	-	0.05
Long-Term Deferred Tax Liabilities	0.51	0.53	1.72	1.35	1.07	0.94
Other Long-Term Liabilities	-	-	-	-	-	0
Total Liabilities	16.79	17.14	15.3	13.02	15.12	12.93

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	17.65	18.19	18.19	18.19	18.19	18.19
Retained Earnings	13.64	14.46	13.34	13.13	15.72	12.34
Comprehensive Income & Other	10.47	10.82	21.04	17.7	15.48	14.13
Shareholders' Equity	41.76	43.47	52.57	49.02	49.39	44.67
Total Liabilities & Equity	58.55	60.61	67.87	62.04	64.51	57.6

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	-	3.31	3.31	-	-	-
Net Cash (Debt)	1.2	-0.87	-1.83	2.22	1.48	1.64
Net Cash Growth	47.27%	-	-	49.63%	-9.68%	-68.97%
Net Cash Per Share	0.07	-0.05	-0.10	0.12	0.08	0.09
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	16.38	16.26	14.18	12.97	17.53	14.79
Book Value Per Share	2.30	2.39	2.89	2.69	2.71	2.46
Tangible Book Value	40.87	42.89	52.45	48.87	49.22	44.4
Tangible Book Value Per Share	2.25	2.36	2.88	2.69	2.71	2.44
Land	1.03	1.07	1.07	1.07	1.07	1.07
Buildings	7.5	7.59	7.32	7.22	7.22	6.96
Machinery	49.09	49.97	47.29	44.9	42.08	37.1
Construction In Progress	0.83	1.18	1.65	1.41	2.41	3.13

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 1, 2026

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