NSE S.A. Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	23.97	8.6	5.48	6.42	12.09
Trading Asset Securities	-	5.51	0.24	0.09	0.1
Cash & Short-Term Investments	23.97	14.12	5.72	6.51	12.19
Cash Growth	69.82%	146.78%	-12.16%	-46.56%	208.98%
Accounts Receivable	33.6	32.69	35.16	22.12	21.24
Other Receivables	0.01	0.39	0.94	1.82	0.54
Receivables	33.61	33.08	36.11	23.94	21.78
Inventory	23.16	17.71	15.93	12.43	13.11
Prepaid Expenses	-	0.72	0.56	0.65	0.66
Other Current Assets	5.08	2.9	2.81	1.6	1.51
Total Current Assets	85.82	68.53	61.13	45.13	49.25
Property, Plant & Equipment	14.11	12.41	11.67	7.84	8.26
Long-Term Investments	0.62	0.11	0.76	0.86	0.53
Goodwill	14.35	1.51	1.51	1.51	1.51
Other Intangible Assets	11.4	3.1	2.49	2.26	2.11
Long-Term Deferred Tax Assets	0.95	0.71	0.59	0.33	0.58
Long-Term Deferred Charges	-	0.51	0.28	0.26	0.34
Other Long-Term Assets	-	0.39	0.44	0.39	0.47
Total Assets	127.25	87.27	79.03	58.76	63.05
Accounts Payable	10.43	9.04	11.33	5.03	5.08
Accrued Expenses	-	9.01	7.33	4.95	6.5
Short-Term Debt	0	-	0.02	-	0.01
Current Portion of Long-Term Debt	5.04	1.42	1.14	1.51	1.88
Current Portion of Leases	-	0.79	0.69	0.55	0.65
Current Income Taxes Payable	1.83	0.42	0.24	0.31	0.16
Current Unearned Revenue	-	16.24	12.09	3.5	7.56
Other Current Liabilities	30.33	1.8	0.69	1.84	0.59
Total Current Liabilities	47.62	38.72	33.53	17.69	22.42
Long-Term Debt	26.47	1.9	2.57	3.54	5
Long-Term Leases	-	3.19	2.34	0.67	0.9
Long-Term Deferred Tax Liabilities	1.55	-	-	-	-
Other Long-Term Liabilities	2.54	1.72	1.48	0.84	1.04
Total Liabilities	78.18	45.53	39.92	22.73	29.36
Common Stock	5.23	5.23	5.23	5.23	5.23
Retained Earnings	5.34	3.63	4.13	3.06	4.08
Comprehensive Income & Other	38.5	32.88	29.75	27.74	24.36
Total Common Equity	49.07	41.74	39.11	36.03	33.68
Minority Interest	-	-	-	-0	0.02
Shareholders' Equity	49.07	41.74	39.11	36.03	33.69
Total Liabilities & Equity	127.25	87.27	79.03	58.76	63.05
Total Debt	31.52	7.31	6.76	6.27	8.43
Net Cash (Debt)	-7.54	6.81	-1.04	0.24	3.75
Net Cash Growth	-	-	-	-93.60%	-
Net Cash Per Share	-2.29	2.14	-0.33	0.08	1.18
Filing Date Shares Outstanding	3.29	3.17	3.18	3.17	3.18
Total Common Shares Outstanding	3.29	3.17	3.18	3.17	3.18
Working Capital	38.2	29.81	27.6	27.45	26.83
Book Value Per Share	14.90	13.15	12.32	11.35	10.60
Tangible Book Value	23.32	37.12	35.11	32.26	30.06
Tangible Book Value Per Share	7.08	11.69	11.06	10.16	9.46
Land	-	7.1	6.87	6.11	5.94
Construction In Progress	-	0.24	0.22	0.26	0.3