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	Jun '26 Jun 30, 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	5.79	9.74	11	13.35	17.46	4.71
Short-Term Investments	-	0.11	-	-	-	-
Cash & Short-Term Investments	5.79	9.86	11	13.35	17.46	4.71
Cash Growth	-46.65%	-10.43%	-17.60%	-23.50%	270.29%	0.11%
Accounts Receivable	16.35	9.93	5.57	4.12	4	1.7
Other Receivables	11.5	2.03	1.28	2.33	1.65	1.01
Receivables	27.92	11.96	6.85	6.45	5.65	2.71
Inventory	3.84	3.89	4.7	6.42	6.18	2.15
Prepaid Expenses	-	6.53	2.72	3.95	10.69	5.23
Other Current Assets	-	7.17	5.7	4.83	3.98	0.27
Total Current Assets	37.55	39.41	30.97	35	43.96	15.08
Property, Plant & Equipment	39.85	42.85	46.48	35.12	25.88	36.57
Long-Term Investments	0.02	0.04	0.03	0.04	1.14	1.14
Other Intangible Assets	0.53	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	2.2	0.27	0.27	0.53	0.5	0.27
Total Assets	80.18	83.14	78.27	71.18	72.09	53.78
Accounts Payable	11.74	7.38	8.49	8.95	9.21	4.7
Accrued Expenses	11.08	13.76	9.9	8.79	4.62	2.37
Short-Term Debt	-	-	-	-	-	0.31
Current Portion of Long-Term Debt	0.33	0.12	0.67	0.15	1.24	1.56
Current Portion of Leases	-	-	-	0.08	0.09	0.11
Current Income Taxes Payable	0.84	-	0.29	0.19	2.2	0.32
Other Current Liabilities	0.73	0.48	1.06	0.27	6.6	1.56
Total Current Liabilities	24.72	21.75	20.42	18.43	23.97	10.93
Long-Term Debt	0.06	-	0.08	0.16	0.3	1.52
Long-Term Leases	-	0.07	0.08	0.12	0.18	0.27
Pension & Post-Retirement Benefits	0.38	-	-	-	-	-
Long-Term Deferred Tax Liabilities	0	0	0	0	0	0
Other Long-Term Liabilities	2.25	2.26	2.24	2.46	2.35	1.12
Total Liabilities	27.41	24.07	22.83	21.18	26.8	13.84
Common Stock	22.32	22.32	22.32	22.32	22.32	22.37
Retained Earnings	31.54	4.74	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	-	33.04	27.62	22.89	17.47	15.01
Total Common Equity	52.78	59.02	55.4	49.98	45.29	39.94
Minority Interest	-0.01	0.04	0.03	0.03	0	0
Shareholders' Equity	52.77	59.06	55.44	50.01	45.29	39.94
Total Liabilities & Equity	80.18	83.14	78.27	71.18	72.09	53.78
Total Debt	0.39	0.19	0.84	0.51	1.81	3.76
Net Cash (Debt)	5.4	9.66	10.17	12.84	15.64	0.95
Net Cash Growth	-49.89%	-4.95%	-20.83%	-17.89%	1547.94%	-
Net Cash Per Share	0.34	0.61	0.64	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	12.83	17.66	10.55	16.57	19.99	4.15
Book Value Per Share	3.30	3.69	3.47	3.13	2.83	2.50
Tangible Book Value	52.25	58.46	54.91	49.5	44.75	39.28
Tangible Book Value Per Share	3.27	3.66	3.43	3.10	2.80	2.46
Land	-	1.66	1.66	1.66	1.66	1.66
Buildings	-	9.28	9.28	8.91	8.91	8.93
Machinery	-	142.06	127.27	108.17	107.96	107.89
Construction In Progress	-	0.26	11.1	14.7	0.08	0.07