NANOPIXEL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NANOPIXEL
Largest movements
- Intangible fixed assets -€94,043
down €94,043 (-10.9%), from €863,795 to €769,752
- Receivables within one year -€57,330
down €57,330 (-6.5%), from €876,477 to €819,148
of which Trade receivables: -€29,793
- Cash -€46,722
down €46,722 (-19.7%), from €237,521 to €190,799
mainly Investment in fixed assets (net) (-€181,571) and Net result for the year (-€155,702)
- Profit (loss) carried forward -€155,702
down €155,702 (-291%), from -€53,582 to -€209,285
- Tax, wage and social debts +€76,732
up €76,732 (+25.1%), from €305,604 to €382,337
of which Remuneration and social security: +€85,163
- Trade debts -€33,939
down €33,939 (-8.3%), from €409,245 to €375,306
- Current portion of long-term debt -€33,867
down €33,867 (-19.0%), from €178,080 to €144,213
- Debts after one year -€32,505
down €32,505 (-9.6%), from €338,878 to €306,373
- Gross operating margin -€222,260
down €222,260 (-14.5%), from €1.5m to €1.3m
- Depreciation +€44,632
up €44,632 (+19.5%), from €229,355 to €273,987
- Staff costs -€22,430
down €22,430 (-2.0%), from €1.1m to €1.1m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,118,203 | €1,932,946 | -€185,258 | -8.7% |
| Formation expenses | 20 | €9,852 | €4,795 | -€5,057 | -51.3% |
| Fixed assets | 21/28 | €945,901 | €858,543 | -€87,359 | -9.2% |
| Intangible fixed assets | 21 | €863,795 | €769,752 | -€94,043 | -10.9% |
| Tangible fixed assets | 22/27 | €82,107 | €88,791 | +€6,684 | +8.1% |
| Plant, machinery and equipment | 23 | €25,910 | €11,283 | -€14,628 | -56.5% |
| Furniture and vehicles | 24 | €12,871 | €4,284 | -€8,587 | -66.7% |
| Other tangible fixed assets | 26 | €43,325 | €73,224 | +€29,899 | +69.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,162,450 | €1,069,607 | -€92,842 | -8.0% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,831 | €1,831 | = | 0.0% |
| Stocks | 30/36 | €1,831 | €1,831 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €876,477 | €819,148 | -€57,330 | -6.5% |
| Trade receivables | 40 | €756,243 | €726,450 | -€29,793 | -3.9% |
| Other amounts receivable | 41 | €120,234 | €92,697 | -€27,537 | -22.9% |
| Cash at bank and in hand | 54/58 | €237,521 | €190,799 | -€46,722 | -19.7% |
| Deferred charges and accrued income | 490/1 | €11,621 | €22,830 | +€11,209 | +96.5% |
| Total equity and liabilities | 10/49 | €2,118,203 | €1,932,946 | -€185,258 | -8.7% |
| Equity | 10/15 | €362,001 | €206,299 | -€155,702 | -43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,984 | €396,984 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,007 | €30,007 | = | 0.0% |
| Distributable reserves | 133 | €366,977 | €366,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,582 | -€209,285 | -€155,702 | -291% |
| Amounts payable | 17/49 | €1,756,202 | €1,726,647 | -€29,556 | -1.7% |
| Amounts payable after more than one year | 17 | €338,878 | €306,373 | -€32,505 | -9.6% |
| Financial debts | 170/4 | €338,878 | €306,373 | -€32,505 | -9.6% |
| Amounts payable within one year | 42/48 | €1,417,324 | €1,420,273 | +€2,949 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €178,080 | €144,213 | -€33,867 | -19.0% |
| Financial debts | 43 | €524,394 | €518,417 | -€5,977 | -1.1% |
| Credit institutions | 430/8 | €524,394 | €518,417 | -€5,977 | -1.1% |
| Trade debts | 44 | €409,245 | €375,306 | -€33,939 | -8.3% |
| Suppliers | 440/4 | €409,245 | €375,306 | -€33,939 | -8.3% |
| Taxes, remuneration and social security | 45 | €305,604 | €382,337 | +€76,732 | +25.1% |
| Taxes | 450/3 | €144,257 | €135,827 | -€8,430 | -5.8% |
| Remuneration and social security | 454/9 | €161,347 | €246,510 | +€85,163 | +52.8% |
| Remuneration, social security and pensions | 62 | €1,106,633 | €1,084,202 | -€22,430 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,355 | €273,987 | +€44,632 | +19.5% |
| Other operating charges | 640/8 | €21,242 | €25,811 | +€4,569 | +21.5% |
| Gross operating margin | 9900 | €1,531,517 | €1,309,257 | -€222,260 | -14.5% |
| Operating profit (loss) | 9901 | €174,288 | -€74,742 | -€249,030 | |
| Financial income | 75/76B | €1,935 | €2,926 | +€991 | +51.2% |
| Recurring financial income | 75 | €1,935 | €2,926 | +€991 | +51.2% |
| Financial charges | 65/66B | €86,014 | €82,297 | -€3,717 | -4.3% |
| Recurring financial charges | 65 | €83,014 | €79,297 | -€3,717 | -4.5% |
| Non-recurring financial charges | 66B | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €90,208 | -€154,113 | -€244,322 | |
| Income taxes | 67/77 | €1,429 | €1,589 | +€160 | +11.2% |
| Profit (loss) for the period | 9904 | €88,779 | -€155,702 | -€244,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,779 | -€155,702 | -€244,482 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.