Nyxoah SA (NYXH) Balance Sheet: Assets & Liabilities

Nyxoah SA (NYXH) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Nyxoah SA reported total assets of EUR 118.47M and total liabilities of EUR 69.34M. Shareholders' equity was EUR 49.13M, down 56.6% from EUR 113.25M a year earlier. Total debt stood at EUR 40.66M against EUR 48.00M in cash and short-term investments, a net cash position of EUR 7.34M. That puts debt-to-equity at 0.83, compared with 0.17 a year earlier.

Nyxoah SA Balance Sheet Analysis

Values in millions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Nyxoah SA (NYXH) - Annual data in millions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Current Assets
Cash and Cash Equivalents	30.00	34.19	21.61	17.89	135.51	92.30
Short-Term Investments	18.00	51.37	36.14	76.97	-	-
Cash & Short-Term Investments	48.00	85.56	57.75	94.86	135.51	92.30
Accounts Receivable	5.52	3.38	2.76	1.46	0.23	1.64
Inventory	4.66	4.72	3.32	0.88	0.35	0.06
Other Current Assets	0.83	1.66	1.32	1.30	1.69	-
Total Current Assets	61.21	98.08	68.35	100.26	140.06	94.11
Non-Current Assets
Property, Plant & Equipment (Net)	5.35	8.25	7.98	5.62	5.24	4.00
Intangible Assets	0.38	0.42	46.61	0.51	0.55	0.59
Other Non-Current Assets	1.81	1.69	1.22	0.22	0.21	0.09
Total Non-Current Assets	57.26	60.32	55.81	45.81	30.77	-
Total Assets	118.47	158.41	124.16	146.07	170.83	114.08
Current Liabilities
Accounts Payable	13.73	9.51	4.10	4.99	4.00	1.19
Short-Term Debt	22.99	0.25	0.36	0.39	0.55	0.62
Current Portion of Long-Term Debt	22.99	0.25	0.36	0.39	0.55	0.62
Accrued Liabilities	3.94	4.32	6.06	8.82	6.44	2.00
Deferred Revenue	0.89	0.12	-	-	-	-
Other Current Liabilities	6.63	6.22	0.29	4.44	0.77	2.12
Total Current Liabilities	48.96	21.53	14.44	14.91	11.57	6.40
Non-Current Liabilities
Long-Term Debt	17.67	18.73	8.37	8.19	7.80	7.61
Deferred Tax Liabilities	-	0.02	0.01	-	0.01	-
Other Non-Current Liabilities	2.08	2.34	0.19	8.37	0.10	-
Total Non-Current Liabilities	20.38	23.62	11.69	10.83	10.64	-
Total Liabilities	69.34	45.15	26.14	25.75	22.21	16.89
Stockholders' Equity
Common Stock	6.51	6.43	4.93	4.44	4.43	3.80
Retained Earnings	-306.03	-217.74	-160.83	-118.21	-87.17	-60.34
Accumulated Other Comprehensive Income	1.12	0.91	0.14	0.18	0.20	2.80
Additional Paid-in Capital	335.13	314.35	246.13	228.28	228.03	-
Shares Outstanding	43.03	37.43	28.67	25.85	25.77	-
Total Stockholders' Equity	49.13	113.25	98.02	120.32	148.62	97.19
Total Liabilities & Equity	118.47	158.41	124.16	146.07	170.84	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nyxoah SA Balance Sheet

How much debt does Nyxoah SA have?

Nyxoah SA had total debt of EUR 40.66M as of Dec 31, 2025, against EUR 48.00M in cash and short-term investments. Its debt-to-equity ratio was 0.83. Total debt was EUR 18.97M a year earlier.

What are Nyxoah SA's total assets?

Nyxoah SA reported total assets of EUR 118.47M as of Dec 31, 2025, down 25.2% from EUR 158.41M a year earlier. Total liabilities were EUR 69.34M.

What is Nyxoah SA's shareholders' equity?

Nyxoah SA's shareholders' equity was EUR 49.13M as of Dec 31, 2025, or about EUR 1.14 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition