NANOTEX: 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.
NANOTEX
Largest movements
- Stocks and contracts -€28,455
down €28,455 (-20.5%), from €138,717 to €110,263
- Tangible fixed assets -€17,852
down €17,852 (-20.0%), from €89,301 to €71,449
of which Land and buildings: -€17,255
- Cash +€16,251
up €16,251 (+91.6%), from €17,739 to €33,990
mainly Stocks and contracts (+€28,455) and Other debts (+€20,097)
- Receivables within one year +€13,268
up €13,268 (+33.0%), from €40,152 to €53,420
of which Trade receivables: +€16,055
- Current portion of long-term debt -€45,978
down €45,978 (-91.8%), from €50,084 to €4,106
- Other debts +€20,097
up €20,097 (+20.4%), from €98,542 to €118,639
- Profit (loss) carried forward +€19,623
up €19,623 (+31.0%), from -€63,403 to -€43,779
- Trade debts -€17,719
down €17,719 (-14.1%), from €125,953 to €108,233
- Tax, wage and social debts +€6,034
new in 2025: €6,034
- Gross operating margin +€2,484
up €2,484 (+5.2%), from €47,614 to €50,098
- Financial income +€1,194
new in 2025: €1,194
- Financial charges +€767
up €767 (+9.5%), from €8,084 to €8,850
- Other operating charges -€674
down €674 (-12.0%), from €5,641 to €4,966
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 | €350,936 | €332,994 | -€17,942 | -5.1% |
| Fixed assets | 21/28 | €152,668 | €134,816 | -€17,852 | -11.7% |
| Intangible fixed assets | 21 | €60,900 | €60,900 | = | 0.0% |
| Tangible fixed assets | 22/27 | €89,301 | €71,449 | -€17,852 | -20.0% |
| Land and buildings | 22 | €86,275 | €69,020 | -€17,255 | -20.0% |
| Plant, machinery and equipment | 23 | €2,336 | €2,084 | -€252 | -10.8% |
| Other tangible fixed assets | 26 | €690 | €345 | -€345 | -50.0% |
| Financial fixed assets | 28 | €2,467 | €2,467 | = | 0.0% |
| Current assets | 29/58 | €198,268 | €198,178 | -€90 | 0.0% |
| Stocks and contracts in progress | 3 | €138,717 | €110,263 | -€28,455 | -20.5% |
| Stocks | 30/36 | €138,717 | €110,263 | -€28,455 | -20.5% |
| Amounts receivable within one year | 40/41 | €40,152 | €53,420 | +€13,268 | +33.0% |
| Trade receivables | 40 | €605 | €16,660 | +€16,055 | +2,654% |
| Other amounts receivable | 41 | €39,547 | €36,760 | -€2,787 | -7.0% |
| Current investments | 50/53 | €506 | €506 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,739 | €33,990 | +€16,251 | +91.6% |
| Deferred charges and accrued income | 490/1 | €1,154 | - | -€1,154 | |
| Total equity and liabilities | 10/49 | €350,936 | €332,994 | -€17,942 | -5.1% |
| Equity | 10/15 | -€42,503 | -€22,879 | +€19,623 | +46.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,403 | -€43,779 | +€19,623 | +31.0% |
| Amounts payable | 17/49 | €393,439 | €355,873 | -€37,566 | -9.5% |
| Amounts payable after more than one year | 17 | €118,860 | €118,860 | = | 0.0% |
| Financial debts | 170/4 | €118,860 | €118,860 | = | 0.0% |
| Amounts payable within one year | 42/48 | €274,579 | €237,013 | -€37,566 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €50,084 | €4,106 | -€45,978 | -91.8% |
| Trade debts | 44 | €125,953 | €108,233 | -€17,719 | -14.1% |
| Suppliers | 440/4 | €125,953 | €108,233 | -€17,719 | -14.1% |
| Taxes, remuneration and social security | 45 | - | €6,034 | +€6,034 | |
| Taxes | 450/3 | - | €6,034 | +€6,034 | |
| Other amounts payable | 47/48 | €98,542 | €118,639 | +€20,097 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,783 | €17,852 | +€69 | +0.4% |
| Other operating charges | 640/8 | €5,641 | €4,966 | -€674 | -12.0% |
| Gross operating margin | 9900 | €47,614 | €50,098 | +€2,484 | +5.2% |
| Operating profit (loss) | 9901 | €24,190 | €27,279 | +€3,090 | +12.8% |
| Financial income | 75/76B | - | €1,194 | +€1,194 | |
| Recurring financial income | 75 | - | €1,194 | +€1,194 | |
| Financial charges | 65/66B | €8,084 | €8,850 | +€767 | +9.5% |
| Recurring financial charges | 65 | €8,084 | €8,850 | +€767 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €16,106 | €19,623 | +€3,517 | +21.8% |
| Profit (loss) for the period | 9904 | €16,106 | €19,623 | +€3,517 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,106 | €19,623 | +€3,517 | +21.8% |
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 13 October 2026 via checked.be.