Velgraf Asset Management AD (BUL:VAM)

BUL:VAM 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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property, Plant & Equipment	53.1	53.23	50.14	50.48	50.37	52.21
Cash & Equivalents	0.07	0.11	0.14	0.12	0.3	0.27
Accounts Receivable	21.54	22.38	23.43	22.03	22.58	18.67
Other Receivables	0.02	0.01	0.04	0.03	0.04	0.05
Goodwill	20.38	20.39	20.49	20.49	20.55	20.55
Loans Receivable Current	7.81	7.63	7.12	7.28	3.9	3.54
Other Current Assets	8.1	11.23	16.65	21.44	23.88	15.54
Trading Asset Securities	2.77	2.61	5.51	3	5.25	7.55
Deferred Long-Term Tax Assets	0.59	0.59	0.6	0.62	0.45	0.37
Other Long-Term Assets	-	-	-	-	-	0.85
Total Assets	114.38	118.19	124.11	125.49	127.32	119.6

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Current Portion of Long-Term Debt	32.21	32.52	32.45	32.97	27.13	26.45
Current Portion of Leases	0.01	0.03	0.05	0.05	0.05	0.02
Long-Term Debt	18.46	21.23	27.66	27.63	34.78	26.85
Long-Term Leases	-	-	0.03	0.06	0.05	0.06
Accounts Payable	0.42	0.42	0.39	0.64	0.51	0.71
Accrued Expenses	0.02	0.02	0.02	0.12	0.38	0.01
Current Income Taxes Payable	0.25	0.29	0.36	0.29	-	0.22
Current Unearned Revenue	0.33	0.45	0.48	0.48	0.7	0.92
Other Current Liabilities	0.54	1.29	0.54	0.4	0.46	0.43
Long-Term Unearned Revenue	-	-	0.45	0.92	1.18	1.66
Long-Term Deferred Tax Liabilities	1.25	1.25	1.14	1.08	1.05	0.95
Other Long-Term Liabilities	0.31	0.31	0.47	0.62	0.77	0.93
Total Liabilities	53.81	57.83	64.05	65.27	67.07	59.37

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	35.18	35.29	35.36	35.27	35.26	35.27
Additional Paid-In Capital	19.09	19.1	19.14	19.09	19.08	19.09
Retained Earnings	5.52	5.2	4.78	5.08	5.11	5.35
Total Common Equity	59.79	59.58	59.28	59.44	59.45	59.72
Minority Interest	0.78	0.78	0.79	0.78	0.8	0.51
Shareholders' Equity	60.57	60.36	60.07	60.22	60.25	60.23
Total Liabilities & Equity	114.38	118.19	124.11	125.49	127.32	119.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	50.68	53.78	60.2	60.71	62.02	53.52
Net Cash (Debt)	-47.84	-51.06	-54.55	-57.59	-56.47	-45.7
Net Cash (Debt) Growth	-	-	-	-	-	-
Net Cash Per Share	-0.69	-0.74	-0.79	-0.83	-0.82	-0.66
Filing Date Shares Outstanding	68.98	68.98	68.98	68.98	68.98	68.98
Total Common Shares Outstanding	68.98	68.98	68.98	68.98	68.98	68.98
Book Value Per Share	0.87	0.86	0.86	0.86	0.86	0.87
Tangible Book Value	39.4	39.19	38.79	38.94	38.91	39.17
Tangible Book Value Per Share	0.57	0.57	0.56	0.56	0.56	0.57
Land	19.42	19.13	18.92	20.18	20.17	18.76
Buildings	43.76	44.09	40.81	39.47	39.01	38.89

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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