ZSE:VLEN 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	13.5	9.74	11	13.35	17.46	4.71
Cash & Short-Term Investments	13.5	9.74	11	13.35	17.46	4.71
Cash Growth	3.82%	-11.44%	-17.60%	-23.50%	270.29%	0.11%
Accounts Receivable	8.05	9.97	5.57	4.12	4	1.7
Other Receivables	9.57	9.15	1.28	2.33	1.65	1.01
Receivables	17.71	19.22	6.85	6.45	5.65	2.71
Inventory	3.83	3.89	4.7	6.42	6.18	2.15
Prepaid Expenses	-	-	2.72	3.95	10.69	5.23
Other Current Assets	-	-	5.7	4.83	3.98	0.27
Total Current Assets	35.04	32.86	30.97	35	43.96	15.08
Property, Plant & Equipment	41.87	42.85	46.48	35.12	25.88	36.57
Long-Term Investments	0.02	0.02	0.03	0.04	1.14	1.14
Other Intangible Assets	0.54	0.56	0.5	0.48	0.54	0.66
Long-Term Deferred Tax Assets	0.01	0.01	0.01	0.01	0.06	0.06
Other Long-Term Assets	4.7	6.72	0.27	0.53	0.5	0.27
Total Assets	82.21	83.05	78.27	71.18	72.09	53.78
Accounts Payable	9.44	7.33	8.49	8.95	9.21	4.7
Accrued Expenses	16.83	12.58	9.9	8.79	4.62	2.37
Short-Term Debt	-	-	-	-	-	0.31
Current Portion of Long-Term Debt	0.09	0.12	0.63	0.15	1.24	1.56
Current Portion of Leases	-	-	0.04	0.08	0.09	0.11
Current Income Taxes Payable	0.97	0.75	0.29	0.19	2.2	0.32
Other Current Liabilities	0.59	0.47	1.06	0.27	6.6	1.56
Total Current Liabilities	27.93	21.26	20.42	18.43	23.97	10.93
Long-Term Debt	0.07	0.07	0.08	0.16	0.3	1.52
Long-Term Leases	-	-	0.08	0.12	0.18	0.27
Pension & Post-Retirement Benefits	0.38	0.38	-	-	-	-
Long-Term Deferred Tax Liabilities	0	0	0	0	0	0
Other Long-Term Liabilities	2.25	2.24	2.24	2.46	2.35	1.12
Total Liabilities	30.63	23.95	22.83	21.18	26.8	13.84
Common Stock	22.32	22.32	22.32	22.32	22.32	22.37
Retained Earnings	30.35	37.81	6.54	5.84	6.57	3.63
Treasury Stock	-1.07	-1.07	-1.07	-1.07	-1.07	-1.07
Comprehensive Income & Other	-	-	27.62	22.89	17.47	15.01
Total Common Equity	51.59	59.06	55.4	49.98	45.29	39.94
Minority Interest	-0.01	0.04	0.03	0.03	0	0
Shareholders' Equity	51.58	59.1	55.44	50.01	45.29	39.94
Total Liabilities & Equity	82.21	83.05	78.27	71.18	72.09	53.78
Total Debt	0.16	0.19	0.84	0.51	1.81	3.76
Net Cash (Debt)	13.34	9.55	10.17	12.84	15.64	0.95
Net Cash Growth	4.47%	-6.06%	-20.83%	-17.89%	1547.94%	-
Net Cash Per Share	0.83	0.57	0.56	0.92	0.98	0.06
Filing Date Shares Outstanding	15.99	15.99	15.99	15.99	15.99	15.99
Total Common Shares Outstanding	15.99	15.99	15.99	15.99	15.99	15.99
Working Capital	7.11	11.6	10.55	16.57	19.99	4.15
Book Value Per Share	3.23	3.69	3.47	3.13	2.83	2.50
Tangible Book Value	51.05	58.5	54.91	49.5	44.75	39.28
Tangible Book Value Per Share	3.19	3.66	3.43	3.10	2.80	2.46
Land	-	-	1.66	1.66	1.66	1.66
Buildings	-	-	9.28	8.91	8.91	8.93
Machinery	-	-	127.27	108.17	107.96	107.89
Construction In Progress	-	-	11.1	14.7	0.08	0.07

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