ETR:VH2 Balance Sheet

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	236.26	266.04	174.65	56.53	45.88	108.28
Short-Term Investments	7.2	7.58	-	-	-	-
Cash & Short-Term Investments	243.46	273.61	174.65	56.53	45.88	108.28
Cash Growth	121.00%	56.67%	208.94%	23.23%	-57.63%	139.27%
Accounts Receivable	93.01	79.96	94.36	103.61	113.11	61.04
Other Receivables	-	2.98	6.44	4.92	5.5	5.87
Receivables	93.01	82.94	100.79	108.52	118.61	66.91
Inventory	16.36	13.55	7.05	7.25	10.27	6.15
Prepaid Expenses	-	1.62	1.43	0.3	0.26	0.28
Other Current Assets	6.69	1.29	0.97	0.97	2	1.85
Total Current Assets	359.51	373.01	284.88	173.58	177.01	183.46
Property, Plant & Equipment	163.68	155.83	123.62	96.22	89.37	80.07
Long-Term Investments	37.51	33.61	11.29	12.66	19.63	11.77
Goodwill	4.45	4.45	4.45	4.28	4.28	1.69
Other Intangible Assets	1	1	1.03	1.15	0.27	0.77
Long-Term Deferred Tax Assets	7.45	6.08	7.51	9.28	9.03	11.55
Other Long-Term Assets	2.81	1.96	4.78	14.12	7.86	0.54
Total Assets	576.42	575.94	437.56	311.28	308.08	290.46
Accounts Payable	11.74	5.85	4.37	3.7	10.89	6.82
Accrued Expenses	-	45.35	37.67	19.51	19.97	24.35
Short-Term Debt	-	-	-	0.2	-	-
Current Portion of Long-Term Debt	2.21	2.2	4.53	2.37	2.39	3.69
Current Portion of Leases	2.63	3.18	2.19	2.27	3.25	3.02
Current Income Taxes Payable	15.06	5.96	3.17	3.79	5.81	6.68
Current Unearned Revenue	65.39	84.08	80.75	25.54	7.3	10.82
Other Current Liabilities	83.05	55.76	39.33	36.35	40.55	23.23
Total Current Liabilities	180.08	202.39	172.01	93.73	90.15	78.61
Long-Term Debt	20.92	21.47	23.68	20.55	23.13	25.51
Long-Term Leases	0.86	1.15	2.19	1.36	2.65	5.98
Pension & Post-Retirement Benefits	1.78	1.78	2.12	1.99	1.99	2.73
Long-Term Deferred Tax Liabilities	53.87	47.28	24.03	15.51	20.17	19.31
Other Long-Term Liabilities	18.39	16.62	8.53	6.59	6.82	5.86
Total Liabilities	275.91	290.69	232.55	139.73	144.9	137.99
Common Stock	20	20	20	20	20	20
Retained Earnings	281.56	265.34	184.82	151.45	143.31	131.29
Comprehensive Income & Other	-	0.52	0.22	0.05	-0.51	0.13
Total Common Equity	301.56	285.86	205.04	171.5	162.81	151.41
Minority Interest	-1.05	-0.61	-0.04	0.05	0.37	1.06
Shareholders' Equity	300.52	285.25	205.01	171.54	163.18	152.47
Total Liabilities & Equity	576.42	575.94	437.56	311.28	308.08	290.46
Total Debt	26.62	28.01	32.59	26.75	31.41	38.2
Net Cash (Debt)	216.84	245.61	142.06	29.78	14.47	70.08
Net Cash Growth	174.77%	72.89%	376.97%	105.83%	-79.35%	297.33%
Net Cash Per Share	10.84	12.28	7.10	1.49	0.72	3.59
Filing Date Shares Outstanding	19.92	20	20	20	20	20
Total Common Shares Outstanding	19.92	20	20	20	20	20
Working Capital	179.43	170.62	112.87	79.85	86.86	104.85
Book Value Per Share	15.14	14.29	10.25	8.57	8.14	7.57
Tangible Book Value	296.11	280.41	199.56	166.07	158.26	148.95
Tangible Book Value Per Share	14.87	14.02	9.98	8.30	7.91	7.45
Land	-	64.53	57.74	41.72	37.96	-
Machinery	-	168.49	122.65	101.1	84.77	-
Order Backlog	-	1,021	1,188	1,001	315.09	312.78

Source: S&P Global Market Intelligence. Standard template. Financial Sources.