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"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:EUR" } }, "f36728": { "value": "170450000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:254900YF0PQV9APMA050", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:EUR" } }, "f36731": { "value": "-28412000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:254900YF0PQV9APMA050", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:EUR" } }, "f36734": { "value": "142538000", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:254900YF0PQV9APMA050", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f36765": { "value": "NX Filtration N.V.", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "f36775": { "value": "NX Filtration", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-16-3": { "value": "public company with limitedliability", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-9-3": { "value": "the leading providerof nanofiltration membrane technology forproducing pure and affordable water to improve quality of life", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-12-3": { "value": "NX Filtration is the holding company of the Group, which consists of NX Filtration and, as at 31 December 2022, the followingsubsidiaries:Subsidiary Domicile Participation and country NX Filtration B.V. Enschede, 100% the Netherlands NX Filtration Enschede, 100% Real Estate B.V. the Netherlands NX Filtration Enschede, 100% International B.V. the Netherlands ", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-12-4": { "value": "NX Filtration is the holding company of the Group, which consists of NX Filtration and, as at 31 December 2022, the followingsubsidiaries:Subsidiary Domicile Participation and country NX Filtration B.V. Enschede, 100% the Netherlands NX Filtration Enschede, 100% Real Estate B.V. the Netherlands NX Filtration Enschede, 100% International B.V. the Netherlands ", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-6-2": { "value": "Josink Esweg 44, 7545 PN,Enschedethe Netherlandsthe leading providerof nanofiltration membrane technology forproducing pure and affordable water to improve quality of lifeNX Filtration is the holding company of the Group, which consists of NX Filtration and, as at 31 December 2022, the followingsubsidiaries:Subsidiary Domicile Participation and country NX Filtration B.V. Enschede, 100% the Netherlands NX Filtration Enschede, 100% Real Estate B.V. the Netherlands NX Filtration Enschede, 100% International B.V. the Netherlands NX Filtration N.V.NX Filtrationpublic company with limitedliabilityGeneral informationor theCompany) is a(naamloze vennootschap), incorporatedunder Dutch law, andNX Filtration obtainedits listing on Euronext Amsterdam in June 2021 through an IPO raising \u20ac165 million to enable the Company\u2019s accelerated commercial roll-out,capacity expansion program and innovation agenda. NX Filtration is registered with the Chamber ofCommerce under number 64951030 and has itsregistered office atBoth NX FiltrationReal Estate B.V. and NX Filtration InternationalB.V. are incorporated and part of the Group perJune 22, 2022.The Company\u2019s financial year covers the firstday of January and ends on the last day of December of each year. On 10 February 2023, the management board authorized the financial statements for publication. The financial statements as presented in this report are subject to adoptionby the Annual General Meeting of shareholderson 6 April 2023.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-6-3": { "value": "Josink Esweg 44, 7545 PN,Enschedethe Netherlands", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "f37045": { "value": "Enschede", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "f37046": { "value": "Enschede", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "f37052": { "value": "the Netherlands", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-30-3": { "value": "On 10 February 2023, the management board authorized the financial statements for publication. The financial statements as presented in this report are subject to adoptionby the Annual General Meeting of shareholderson 6 April 2023.", "dimensions": { "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-1-1": { "value": " Summary of significantaccounting policiesBasis of preparationThe principal accounting policies applied in thepreparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the yearspresented, unless otherwise stated.The preparation of these consolidated financialstatements in conformity with IFRS requires the use of certain critical accounting estimates.It also requires management to exercise its judgment in the process of applying the Company\u2019s accounting policies. The areas and also comply with the financial reporting requirements included in Part 9 of Book 2 of theDutch Civil Code. Josink Esweg 44, 7545 PN,Enschedethe Netherlandsthe leading providerof nanofiltration membrane technology forproducing pure and affordable water to improve quality of lifeNX Filtration is the holding company of the Group, which consists of NX Filtration and, as at 31 December 2022, the followingsubsidiaries:Subsidiary Domicile Participation and country NX Filtration B.V. Enschede, 100% the Netherlands NX Filtration Enschede, 100% Real Estate B.V. the Netherlands NX Filtration Enschede, 100% International B.V. the Netherlands NX Filtration N.V.NX Filtrationpublic company with limitedliabilityGeneral informationor theCompany) is a(naamloze vennootschap), incorporatedunder Dutch law, andNX Filtration obtainedits listing on Euronext Amsterdam in June 2021 through an IPO raising \u20ac165 million to enable the Company\u2019s accelerated commercial roll-out,capacity expansion program and innovation agenda. NX Filtration is registered with the Chamber ofCommerce under number 64951030 and has itsregistered office atBoth NX FiltrationReal Estate B.V. and NX Filtration InternationalB.V. are incorporated and part of the Group perJune 22, 2022.The Company\u2019s financial year covers the firstday of January and ends on the last day of December of each year. On 10 February 2023, the management board authorized the financial statements for publication. The financial statements as presented in this report are subject to adoptionby the Annual General Meeting of shareholderson 6 April 2023.These consolidated financial statements have been prepared in accordance, and comply with International Financial Reporting Standards (IFRS) and interpretations adoptedby the European Union, where effective, for financial years beginning 1 January 2022 These consolidated financial statements havebeen prepared on a going concern basisCritical accounting policiesConsolidation Subsidiaries are all entities over which the Company has control. The Company controls anentity where the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. Subsidiaries are deconsolidated from the date that control ceases.Inter-company transactions, balances and unrealized gains on transactions between groupcompanies are eliminated. Unrealized losses arealso eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Foreign currency transactions and translationsForeign currency transactions are translated into the functional currency using the exchangerates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year-end exchange rates, are generally recognized in profit or loss.Revenue The Company manufactures and sells a rangeof water filtration solutions to companies serving the industrial and municipal sectors. Sales are recognized when control of the products has transferred, being when the products are delivered or risks are transferredto the customers, the customer has full discretion over the use of the products, and there is no unfulfilled obligation that could affect the customer\u2019s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the Company has objective evidence that all criteriafor acceptance have been satisfied. Revenue is measured based on the consideration specified in a contract with a customer. The Company has no specific obligations for returns, refund clauses nor any other similar obligations specified in the contract with customers. However, standard product compliance warranty is provided to customers, which is not considered a separate performance obligation.Government grantsGrants from the government are recognized at their fair value where there is a reasonable assurance that the grant will be received, and the Company will comply with all attached conditions. Government grants relating to costsare deferred and recognized in the statement of comprehensive income over the period necessary to match them with the costs they are intended to compensate.Employee benefitsShort-term obligationsLiabilities for wages and salaries, including non-monetary benefits, annual leave and accumulating sick leave that are expected to be settled fully within 12 months after the end of the period in which the employeesrender the related service are recognized in respect of employees\u2019 services up to the endof the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet. Salaries, wages and social security contributions are charged to the consolidated statement of comprehensive income based on the terms of employment, when they are due toemployees and the tax authorities respectively.Pension obligationsFor defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. Termination benefits are expensed at the earlier of when the Company can no longerwithdraw the offer of those benefits and when the Company recognizes costs for a restructuring.Share-based payments The grant-date fair value of equity-settled share-based payment awards granted to employees is recognized as an expense, with a corresponding increase in equity, over the vesting period of the awards. The amount recognised as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognised is based on the number of awards that meet the related service and non-marketperformance conditions at the vesting date. The Company has no share-based payment awards with non-vesting conditions nor with market performance conditions.ExpensesExpenses arising from the Company\u2019s businessoperations are accounted for in the year incurred.In June2021, NX Filtration became a publicly traded company when it listed its ordinary shares on Euronext Amsterdam, raising \u20ac165 million for inter alia the acceleration of its business plan including a medium-term objective to realize a positive EBITDA margin by reaching a larger scale of operations and realizing purchasing benefits based on increasing volumes and optimizing product designs. In managements opinion, the cash balance per 31 December 2022 of \u20ac104 million is sufficient to fund NX Filtration\u2019s planned investments and the upscaling of the operations.Basis of measurementThese consolidated financial statements have been prepared on a historical cost convention, unless stated otherwise. These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated.New and amended standards not adopted by the GroupCertain new accounting standards and interpretations have been published that are not mandatory for 31 December 2022 reportingperiods and have not been early adopted by the Group. These standards are not expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions. involving a higher degree of judgement or complexity, or areas where assumptions andestimates are significant to the financial statements are disclosed in note 6 \u2018Critical accounting estimates and judgements\u2019.Finance expensesFinance expenses include interest incurred on financial instruments measured at amortized cost using the effective interest method (if any)and interest expenses on the Company\u2019s cash and cash equivalent balances. Corporate income tax The income tax expense or credit for the period is the tax payable on the current period\u2019s taxable income, based on the applicable income tax rate for each jurisdiction, adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.The current income tax charge (if applicable) is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the groupcompanies operate and generate taxable income.Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measuresits tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of theresolution of the uncertainty. Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized, or the deferred income tax liability is settled. Deferred tax assetsare recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses. Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive incomeor directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity, respectively.Intangible assetsConcessions, licenses and rights to intellectual property Concessions, licenses and rights to intellectual property are capitalized at historical cost. Theyhave a finite useful life and are subsequently carried at cost less accumulated amortization and impairment losses. These assets are amortized over a period of 10 years.SoftwareSoftware are capitalized at historical cost and amortized on a straight-line basis over the estimated useful life of the assets, typically 3 years. Cost associated with maintaining software programs are recognized as an expense as incurred. Leases As a lesseeAt the inception of an agreement, the Companyassesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company uses the definition of a lease in IFRS 16.The Company, as a lessee, recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments at the lease commencement date.Gains and losses on disposals are determinedby comparing proceeds with the carrying amount and are recognized within the consolidated statement of comprehensive income.Depreciation on assets is calculated by recognizing the difference between historicalcost and the estimated residual values using the straight-line method over their estimateduseful life in profit or loss.The estimated useful lives of property, plant and equipment for current and comparable periods are as follows: Land and buildings 10 - 30 yearsMachinery and equipment 5 - 10 yearsRight-of-use assets 1 - 9 yearsPilot equipment 5 yearsThe assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. The costs of future replacement are capitalized based on the component approach. Under this approachthe total costs are allocated to the \u2018componentassets\u2019. Government grants on investments, if applicable, are deducted from the purchase price or manufacturing price of the assets to which the government grants relate.An asset\u2019s carrying amount is written down immediately to its recoverable amount if the asset\u2019s carrying amount is greater than its estimated recoverable amount.Research and developmentDevelopment costs that are directly attributable to the design and testing of identifiable and unique products controlled by the Company are recognized as intangible assets where the following criteria are met: \u2022 it is technically feasible to complete the product or system so that it will be available for use;\u2022 management intends to complete the product or system and use or sell it;\u2022 there is an ability to use or sell the product or system;\u2022 it can be demonstrated how the product or system will generate probable future economic benefits;\u2022 adequate technical, financial and other resources to complete the development and to use or sell the product or system areavailable; and\u2022 the expenditure attributable to the productor system during its development can be reliably measured.Directly attributable costs that are capitalized as part of the product include amongst others payroll costs and other costs related to creating or improving the existing product portfolio in the development phase.Capitalized development costs are recorded as intangible assets and amortized in 5 years from the point at which the asset is ready for use. Other development expenditures that do not meet these criteria are recognized as an expense as incurred. Development costs previously recognized as an expense are not recognized as an asset in a subsequent period. Expenditure on research activities is recognizedas expense in the period in which it is incurred.Property, plant and equipmentAll property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset\u2019s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance arecharged to profit or loss during the reporting period in which they are incurred.The Company elected to apply the recognition exemption for both short-term and low value leases \u2013 e.g. office equipment. As such, the Company recognizes lease payments associatedwith these leases as an expense on a straight-line basis over the lease term.The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.The right-of-use asset is subsequently depreciated using the straight-line method fromthe commencement date to the end of the leaseterm, unless the lease transfers ownership of the underlying asset to the Company by the endof the lease term or the cost of the right-of-use asset reflects that the Company will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company\u2019s incremental borrowing rate. Subsequently, the lease liability is increased by the interest costs on the lease liability and decreased by lease payments made.Lease payments included in the measurement of the lease liability comprise the following:\u2022 fixed payments, including in-substance fixed payments;\u2022 variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;\u2022 amounts expected to be payable under a residual value guarantee; and\u2022 the exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate earlyThe lease liability is measured at amortized cost using the effective interest method. The lease liability is remeasured when there is a change in future lease payments arising from a change in index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment whether a purchase or renewal option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised.When the lease liability is remeasured as abovementioned, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.The Company\u2019s right-of-use assets and lease liabilities are presented under Property, plant and equipment and Lease liabilities, respectively.As a lessorLeases in which the Company does not transfersubstantially all the risks and rewards incidentalto ownership of an asset are classified as operating leases. The Company has rental income from the lease of pilot equipment. This rental income is accounted for on a straight-line basis over the lease terms and is included in gross income in the statement of comprehensive income. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as gross income in the period in which they are earned.Inventories Inventories mainly relate to raw materials and finished goods and are valued at the lower of cost and net realizable value. Cost comprises direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocatedon the basis of normal operating capacity. Costs of purchased inventory are determined after deducting rebates and discounts. Costs are determined using the first in first out method. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and theestimated costs necessary to make the sale. Financial instrumentsFinancial assets \u2013 Classification and measurementThe Company classifies its financial assets in the following measurement categories:\u2022 those to be measured subsequently at fair value (either through other comprehensive Income (OCI) or through profit or loss), and\u2022 those to be measured at amortized cost.The classification depends on the entity\u2019s business model for managing the financial assets and the contractual terms of the cash flows.Financial assets - Recognition and derecognitionRegular purchases and sales of financial assets are recognized on the trade-date, the date on which the Company commits to purchase or sellthe asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.Financial assets \u2013 Initial recognitionAt initial recognition the Company measures a financial asset at its fair value. Except for cash and cash equivalents, the initial measurement of a financial asset is adjusted for directly attributable transaction cost. Transaction costs of financial assets carried at fair value through profit or loss (cash and cash equivalents) are expensed in profit or loss.Impairment of non-financial assets Non-financial assets with a definite useful lifeare tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. For thepurposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered an impairment are reviewed for possible reversal of the impairment at the endof each reporting period. Financial assets \u2013 Subsequent MeasurementsSubsequent measurement depends on the Company\u2019s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies itsdebt instruments: (i) Amortized cost, (ii) Fair value through profit or loss; and (iii) Fair value through other comprehensive income.The Company makes no use of derivative financial instruments. Besides cash and cash equivalents that are measured at fair value through profit or loss, the Company\u2019s receivables are measured at amortized costs. Interest income (if any) from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly inprofit or loss.Financial liabilities - Recognition and measurementFinancial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument. The Company only has financial liabilities at amortized cost and makes no use of derivativefinancial instruments.Financial liabilities at amortized costsFinancial liabilities at amortized cost include trade and other payables. Trade and other payables are initially recognized at fair value equaling the amount required to be paid, less, when material, a discount to reduce the payables to fair value. Subsequently, trade and other payables are measured at amortized cost using the effective interest method. Trade and other payables are classified as current liabilities due to their short- term nature, exceptfor maturities greater than 12 months after theend of the reporting period. These are classifiedas non-current liabilities.Offsetting financial instrumentsFinancial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is anintention to settle on a net basis or realize the asset and settle the liability simultaneously. TheCompany does not have any legally enforceableright to offset the recognized amounts in the balance sheet.Cash and cash equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits heldat call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Cash and cash equivalents aremeasured at fair value.Share capital \u2013 Ordinary sharesAn ordinary share entitles its owner to a votingright and, only to extent so ultimately decided by the general meeting of the Company (the General Meeting), to dividends. Trade and other receivables Trade and other receivables are amounts due from customers for products delivered and services performed in the ordinary course of business. If collection is expected in one year or less, they are classified as current assets. If not,they are presented as non-current assets. Tradereceivables are generally due for settlement immediately and therefore all classified as current assets.Trade receivables are recognized initially at theirtransaction price, the amount of consideration that is unconditional, unless they contain significant financing components when they arerecognized at fair value. They are subsequently measured at amortized cost using the effective interest method, less loss allowance. Trade and other payables These amounts represent liabilities provided tothe Company prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognizedinitially at their fair value. And subsequent measurement at amortized cost using the effective interest method.Cash flow statement The cash flow statement has been prepared using the indirect method, whereby profit or loss is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or financing cash flows.Segment reportingThe Company is engaged in the business of developing, producing and selling hollow fiber membrane modules. There is a strong interrelationship between the Company\u2019s different activities, hence Management reviewsthe overall business based on the Group\u2019s profitability.Financial instruments andrisk managementFinancial Instrument classificationAs result of regular business practices, the Company holds positions in a variety of financial instruments. The financial instrumentsare presented in the balance sheet and consists of cash and cash equivalents, trade receivables and other receivables, trade payables and otherpayables.The Company does not use foreign exchange contracts and/or foreign exchange options and does not deal with such financial derivatives. On each balance date, financial instruments are reviewed to see whether or not an objective indication exists for the impairment of a financial asset or a group of financial assets.Financial assets \u2013 ImpairmentThe Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Companyhas no trade receivables nor amounts due from customers for contract work including a significant finance component and is thereforeallowed to apply the simplified approach underIFRS 9, in which the credit losses are measuredusing a lifetime expected loss allowance for all trade receivables. Financial liabilities \u2013 DerecognitionThe Company derecognizes a financial liability when its contractual obligations are dischargedor cancelled or expire. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in the consolidated statement of comprehensive income.The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. However, when the cash flows of the modified liability are not substantially different, the Company (i) recalculates the amortized cost of the modifiedfinancial liability by discounting the modified contractual cash flows using the original effective interest rate and (ii) recognizes any adjustment in the consolidated statement of comprehensive income.If an objective indication for impairment exists, the Company determines the amount ofimpairment losses and charges this amount to the consolidated statement of comprehensive income. As a result of the use of financial instruments, the Company incurs credit risks, liquidity risks and market risks.Risk managementThe Company\u2019s management board has the overall responsibility for the establishment and oversight of the Group\u2019s risk management framework. The Group\u2019s risk management policies are established to identify and analyze the risks faced by the Group, to set appropriaterisk limits and controls and to monitor risks andadherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions. Credit riskCredit risk is the risk of a financial loss in case acustomer does not comply with the contractualobligations. Credit risks are mainly incurred from receivables to customers. The Company executes a strict policy to minimize credit risks. To control these risks, the Company makes use of information from licensed credit agencies. If necessary, credit risks will be mitigated by the use of credit insurances, bank guarantees, prepayments and other insurances. Cash- and cash equivalents are placed by a number of banks. The Company determines thecredit risk of cash- and cash equivalents that are placed with these banks, by solely doing business with highly respectable banks. The Company evaluates the concentration risk with respect to trade receivables as medium. For the financial year 2022, one customer accounted for approximately 12% (2021: 19%) of the revenue of the sale of goods.Expected credit losses The Company has the following types of financial assets that are subject to the expected credit loss model:\u2022 Trade and other receivablesThe Company applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade and other receivables.To measure the expected credit losses, trade and other receivables have been grouped basedon shared credit risk characteristics and the days past due. The expected loss rates used at 31 December 2022 and 31 December 2021 are based on the payment profiles of sales over a period of 12 months of the preceding financial year and the corresponding historical credit losses experienced related to these sales. The historical loss rates are adjusted to reflect current and forward-looking information based on macro-economic factors affecting the ability of the customers to settle the receivables. The Company retrieves the latter from externally available information from credit rating agencies. Credit insured amounts are excluded from the determination of the lossallowance.On that basis, the loss allowance as of 31 December 2022 and 31 December 2021 was determined as follows for both trade and otherreceivables:In EUR \u2018000 31 December 2022 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 38%Gross carrying amount - trade receivables and other receivables 6,824 108 17 137 110Loss allowance - - - - 42In EUR \u2018000 31 December 2021 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 0%Gross carrying amount - trade receivables and other receivables 2,279 366 38 67 54Loss allowance - - - - -Trade and other receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Company and a failureto make contractual payments.Impairment losses on trade and other receivables are recognized in the consolidated statement of comprehensive income as a separate line item. Subsequent recoveries of amounts previously written off are credited against the same line item.Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations. The Company\u2019s approach to managing liquidityis to ensure that, as far as possible, it will always have sufficient liquidity to meet its obligations when they become due, avoiding unacceptable losses or damages to the Company\u2019s reputation. The Company monitorsits liquidity risk on an ongoing basis. In June 2021, NX Filtration became a publiclytraded company when it listed its ordinary shares on Euronext Amsterdam, raising \u20ac165million for inter alia the acceleration of its business plan. This provided the necessary funds for amongst others investing in pilot systems, expanding the organization, expanding the production capacity and fast-tracking its innovation agenda. As per 31 December 2022, the Company has \u20ac104.3 million cash available.In EUR \u2018000 31 December 2022 Less than 3 months Between 1 Over 3 months to 1 year and 5 years 5 years TotaTrade and other payables 4,988 - - - 4,988Lease liabilities 121 376 1,310 1 1,808Lease liabilities - Interest component 17 44 82 - 143Total non-derivatives 5,126 420 1,392 1 6,939In EUR \u2018000 31 December 2021 Less than 3 months Between 1 Over 3 months to 1 year and 5 years 5 years TotaTrade and other payables 4,748 206 - - 4,954Lease liabilities 78 240 994 82 1,394Lease liabilities - Interest component 13 35 77 2 127Total non-derivatives 4,839 481 1,071 84 6,475Note that the interest component of the lease liabilities in the table above reflects the undiscounted value of the future leasepayments.Market risk Foreign exchange riskThe Company does predominately business in the euro currency. Therefore, the currency risk is limited and largely concerns positions and (future) transactions in euros. Management hasdetermined, based on a risk assessment, that these currency risks do not need to be hedged. The Company\u2019s exposure to other foreign exchange movements is not significant and therefore no sensitivity analysis is included. Theconcentration risk is therefore considered low.4Capital managementThe Company\u2019s objectives when managing capital is to safeguard the Company\u2019s ability to continue as a going concern and maintain anoptimal capital structure to reduce the cost of capital. The table below provides an analysis of net debt and the movements in net debt for each of the periods presented. In EUR \u2018000 Cash and bank overdrafts Lease liabilities Net debtAt 1 January 2021: 6,599 (1,186) 5,413Cash flows 126,834 - 126,834New leases - (430) (430)Other changes - 222 222Net debt - 31 December 2021 133,433 (1,394) 132,039 Cash flows (29,159) - (29,159)New leases - (655) (655)Other changes - 241 241Net debt - 31 December 2022 104,274 (1,808) 102,466Other changes comprise a non-cash movementand relates to effective interest accounting on lease liabilities. 5 Fair value estimationAt 31 December 2022 and 31 December 2021, the Company\u2019s cash and cash equivalents are measured at fair value. The carrying amounts of trade and other receivables and trade and other payables approximated their fair values due to the short-term maturities of these assets and liabilities.Fair value is defined as the price that would be received for sale of an asset or paid for transferof a liability, in an orderly transaction between market participants at the measurement date. IFRS establishes a three tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).Critical accounting estimates and judgementsThe preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reported periods.The estimates and associated assumptions are based on historical experiences and various other factors that are believed to be reasonableunder the circumstances. Actual results may differ from these estimates.Price risk The Company incurs price risks on the purchaseof (raw) materials for the difference between the market price at the time of the purchase and during the actual performance. Price risk iscurrently managed by agreeing on (long term) framework agreements with its suppliers. Withthe expected growing volume of purchase, the Company expects to be able to negotiate lowerprices for raw materials. In case the costs of raw materials and consumables increase with 2%, the impact on profit before tax is \u20ac61 thousand.Interest risk The Company is exposed to interest rate risk and cash flow risk on its current accounts. If interest rates on its cash and cash equivalent balances would decrease by 0.5%, the impact on profit before tax is \u20ac333 thousand. The tables below analyses the Company\u2019s financial liabilities on their contractual maturities for all non- derivative financial liabilities for which the contractual maturities are essential for an understanding of the timingof the cash flows.Development costs The capitalized development costs are based onmanagement judgements taken into account:\u2022 the technical feasibility to complete the product or system so that it will be available for use;\u2022 management intends to complete the product or system and use or sell it;\u2022 the ability to use or sell the product or system;\u2022 the availability of adequate technical, financial and other resources to complete the development.In determining the development costs to be capitalized, the Company estimates the expected future economic benefits of the respective product or system that is the result of a development project. Furthermore, management estimates the useful life of such product or system.Deferred tax assetsDeferred tax assets are recognised for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, unused tax losses and unused tax credits. The Group\u2019s deferred tax assets mainly relate to netoperating losses (tax losses) in the Netherlands.Deferred tax assets are recognised only to the extent that it is probable that sufficient taxable profit will be available against which those unused tax losses, unused tax credits or deductible temporary differences can be utilised. This assessment requires significant management judgements and assumptions and are inherently uncertain. The Management Board considered both negative and positive evidence in its evaluation of the probability thatsufficient taxable profits will be available in the medium-term. Under IAS 12 \u2013 Income taxes, the existence of unused tax losses is strong evidence that future taxable profit may not be available. In addition to that the Management Board also considered the fact that the Group does not expect to be profitable for the next few years. However, the Management Board considers the negative evidence for these purposes to be outweighed by positive evidenceevaluated. The Group expects to utilise its unused tax losses in the medium-term. The Group has no unrecognised deferred tax assets.7Revenue from sale of goodsThe Company\u2019s revenue originates from saleof products. The Company recognizes all its revenue at a point in time, when control overthe asset is transferred to the customer. Set out below is the disaggregation of the Company\u2019s revenue with customers:In EUR \u2018000 2022 2021Type of markets Sustainable Industrial Water 4,977 2,072Clean Municipal Water 2,569 1,101Total revenues from sale of goods 7,546 3,173Revenue from sale of goods by region based on the destination of products and location ofprojects:In EUR \u2018000 2022 2021Geographical split The Netherlands 154 189Europe (excluding the Netherlands) 2,849 893North America 1,518 575Asia 2,262 1,325Rest of World 763 191Total revenues from sale of goods 7,546 3,173Other incomeSet out below is the disaggregation of theCompany\u2019s other income:In EUR \u2018000 2022 2021Government grants 338 616Pilot income 400 192Other 70 88Total other income 808 896Government grants comprises of the several government grants received for the Company\u2019sresearch & development activities in the field of water filtration. NX Filtration has fulfilled all conditions relating to government grants attime of recognition. Pilot income relates to rental income from pilotequipment.Personnel expenIn EUR \u2018000 2022 2021Salaries and wages 7,937 3,023Social security contributions 716 116Pension contributions 222 104External personnel cost 578 821Capitalised personnel expenses (1,090) (231)Total personnel expenses 8,363 3,833The number of FTEs per year-end are: 2022 2021Direct employees 52 31Indirect employees 83 38Total FTE 135 69A total of 18 (2021: 8) employees are employed outside the Netherlands.Pensions The Company has a defined contribution scheme for certain key employees, in which the pension contribution is predetermined andbased on the gross salary and the age of the individual employee. Furthermore, the Companyhas a defined contribution scheme for the otheremployees, in which the pension contribution is predetermined and based on the gross salary only. Both schemes limit the Group\u2019s legal obligation to the amount it agrees to contributeduring the period of employment. The assets of the plans are held separately from those of the Company in funds under the control of pension insurance companies.The average annual net premium contribution for 2022 is 3.8% (2021: 4.3%). The pension contributions are paid on a monthly basis to the pension fund. The net contribution for 2022 amounts to \u20ac222 thousand (\u20ac97 thousand in 2021). The premium payable during the financial year is charged to the consolidated statement of comprehensive income and is classified as costs of personnel.Aside from premium payables, the Company does not have any additional obligations in respect to the pension schemes.10Operating costs The operating costs can be divided into thefollowing cost categories:In EUR \u2018000 2022 2021Housing expenses 998 500Other personnel expenses 1,077 347Administrative expenses 1,277 10,177Selling expenses 1,450 747Operating expenses 800 331Total operating costs 5,602 12,102In 2021, administrative expenses include \u20ac9,585thousand IPO related transaction costs.Share-based paymentsDepositary ReceiptsSince the incorporation of the Company in 2016, eligible and selected employees and directors have been provided with the opportunity to invest in ordinary shares in the capital of the Company by acquiring DepositaryReceipts (\u201cDRs\u201d) issued by a foundation that is controlled by the majority shareholder. The DRsare not freely transferable and, under certain circumstances, the majority shareholder may require a participant to sell DRs to a party designated by the majority shareholder. If a participant voluntarily leaves the Company prior to the end of the vesting period, he/she is not entitled to the full fair market value. As a result, the IFRS 2 fair value will have to be allocated to the vesting tranches.The share participation arrangement is accounted for as an equity-settled share-based arrangement since the Company and its subsidiaries do not have an obligation to settle or to repurchase any DRs from the participants.Each DR issued by the foundation represents one ordinary share in the capital of the Company. The number of outstanding DRs held by employees of the Group are as follows: 2022 2021Outstanding at 1 January 3,792,094 644,656Granted (purchased) during the year - -Ordinary share split per 26 May 2021 - 3,147,438Forfeited (repurchased) during the year - -Outstanding shares at 31 December 3,792,094 3,792,094See note 24 for further details in respect of the ordinary share split at 26 May 2021. As the Company\u2019s ordinary shares were not listed at the grant date, the fair value of the ordinary shares has been estimated by the Company as of each date a participant indirectly acquired shares in the Company. For accounting purposes, the fair value of an award is equal to the fair market value of the underlying ordinaryshares at the grant date less the acquisition price paid by a participant for the DRs. Given that the participants have paid the estimated fair market value of the underlying shares as of each grant date, the fair value of the share-based payment awards is nil. Long-term incentive plan \u2013 Key employeesThe Management Board of NX recognises the importance of its key employees to the future success of the Company. Therefore, on 26 May 2021, a long-term incentive plan (\u2018LTIP Key employees\u2019) was introduced for a number of designated employees within the group of the Company. The following grants, comprising of Ordinary Shares in the Company, have been made underthis plan: Number of ExerciseGrant date Awards granted Price1 January 2022 6,982 Nil1 February 2022 788 NilThe conditional rights to acquire existing Ordinary Shares granted will be exercisable in exchange for Ordinary Shares on the day that is four years after the grant date, on the condition that the relevant employee of NX Filtration continues to be employed by the Company on this date (subject to certain arrangements for exceptional circumstances, such as death of the employee). Besides the aforementioned service vesting condition no other vesting conditions are applicable for the LTIP Key employees.Long-term incentive plan \u2013 Board of DirectorsAs part of the newly introduced remuneration policy, which has been adopted by the general meeting of shareholders on 11 June 2021, a long-term incentive plan for the Board of Directors (\u2018LTIP Board of Directors\u2019) was introduced in order to increase the alignment between shareholder\u2019s interest and the interestof the Board of Directors. The following grants, comprising of Ordinary Shares in the Company, have been made under this plan:Grant date Number of Exercise Awards granted Price20 May 2022 8,296 NiThe conditional rights to acquire existing Ordinary Shares granted will be exercisable in exchange for Ordinary Shares on the day that is three years after inception of the service and performance period, subject to continued employment as a member of the Board of Directors and certain non-market based performance vesting conditions.The service and performance period are starting on the 1st of January of the applicablefinancial year, in which the grant has been made. Besides the aforementioned service and performance vesting conditions there is one additional condition in place, which is an two year holding period for the Board of Directors after vesting date. Summary of changes in outstanding sharesChanges in outstanding shares for the period: LTIP Key LTIP Management employees Board1 January 2022 - -Granted 7,770 8,296Forfeited (427) -Exercised - -Expired - -31 December 2022 7,343 8,296None of the outstanding shares related to the LTIP Key employees and LTIP Board of Directorsare exercisable at 31 December 2022.Fair value measurementThe Company used the Black & Scholes model to determine the fair value of the share-based payments plans at grant date. The market price of the Company\u2019s Ordinary Shares for the different plans at grant date was:External research &development costsIn EUR \u2018000 2022 2021Gross external R&D costs 1,059 740Capitalized external R&D costs (216) (493)Total external research & development costs (net) 843 247To maintain its technological leadership position, NX Filtration continuously invests in its research and development activities for further improvement of existing products and development of new products. Gross research and development costs, including R&D salaries in 2022 amounted to \u20ac2.5 million (2021: \u20ac1.7 million). Development costs that are directly attributable to the design and testing of identifiable and unique products and systems controlled by the Company are recognised as intangible assets and are capitalised as part of the product. Other research and development expenditures are recognised as an expense as incurred.NX Filtration currently relies on its commerciallyready and available product ranges with provenapplications. Going forward, the Company\u2019s strategy is to build further on this technology and make the technology available towards different applications and markets, which may require additional product development costs infuture periods. Grant dateShare award plan Grant date fair valueLTIP Key employees 1 January 2022 10,84LTIP Key employees 1 February 2022 10,84LTIP Management Board 20 May 2022 11,08 The present value for expected dividend over the vesting period for all plans is nil because the Company has currently no intention to distribute dividends in the foreseeable future in order to be able to further invest in the growth of the Company. Consequently and in conjunction with an exercise price of nil, both the expected volatility and risk-free-rate haveno impact on the fair value determination at grant date. Share-based payment expensesShare-based payment expenses recognised as other operating costs in the statement of comprehensive income:In EUR \u2018000 2022 2021LTIP Key employees 18 -LTIP Management Board 18 -Finance expenses 36 -Finance expensesIn EUR \u2018000 2022 2021Interest expenses related to lease liabilities 61 46Other interest expenses 228 381Finance expenses 289 427Interest expense related to lease liabilities is theresult of application of IFRS 16.14Income tax benefitThis note provides an analysis of the Company\u2019sincome tax expense, showing how the tax expense is affected by non-deductible items.In EUR \u2018000 2022 2021Current tax Current tax on profits for the year - -Adjustments for previous years - -Total current tax (expense) benefit - -Deferred income tax Income tax on operations 3,071 3,708Change in tax rates 182 79Total deferred tax benefit 3,253 3,787Total income tax benefit 3,253 3,787The tax on the Company\u2019s loss before tax differs from the statutory amount that wouldarise using the tax rate applicable to losses ofthe entity. The reconciliation of the effective tax rate is as follows:In EUR \u2018000 2022 2021Result from operations (8,642) (11,354)Total income tax 3,253 3,787Loss before income tax (11,895) (15,141) Tax calculated based on Dutch tax rate 25.8% 25.0% Tax effect of: Adjustments for previous years 0.0% -0.1%Effect of tax rates in other countries 0.0% 0.0%Non-taxable expenses 0.0% -0.4%Change in tax rates 1.5% 0.5%Other differences 0.0% 0.0%Effective tax rate 27. 3% 25.0% The change in tax rates is driven by change in the enacted Dutch tax rates for the fiscal years2022 and further. Earnings per share 2022 2021Net loss attributable to equity holders (in EUR \u2018000) (8,642) (11,354)Outstanding number of shares for the basic earnings per share as at 1 January 50,000,000 35,000,000Effect of issued ordinary shares in 2021 8,095,890Weighted-average number of shares outstanding for the purpose of basic earnings per share 50,000,000 43,095,890Incremental shares fror assumed conversion - -Weighted-average number of shares outstanding for the purpose of diluted earnings per share 50,000,000 43,095,890Note that the 2021 opening balance and prioryear number of outstanding shares have beenadjusted to reflect the impact of the ordinaryshare split as per 26 May 2021 as disclosed in note 24.16Remuneration of the Management Board and the Supervisory BoardThe total amount of remuneration of the Managing Directors for the financial year 2022 comprised \u20ac649,281 (2021: \u20ac302,971). For the financial year 2022, the total amount of remuneration of Mr Michiel Staatsen comprised \u20ac179,577 (2021: \u20ac153,023). For the financial year 2022, the total remuneration of Mr Erik Roesink comprised \u20ac166,894 (2021: \u20ac143,253). For the financial year 2022, the totalremuneration of Mr Marc Luttikhuis comprised \u20ac302,810. His short-term incentive in cash amounted to \u20ac36,550 and the conditional award under the Long-Term Incentive Plan amounted to \u20ac18,939. In addition, majority shareholder Infestos Holding E B.V. (an Infestos affiliate) has facilitated a sign-on equity incentive with Mr Marc Luttikhuis. For these purposes, Infestos Holding E B.V. has transferred a number of ordinary shares in the Company to the Company for no consideration, with a value of EUR 300,000. These ordinary shares have been delivered to a designated securities account and are subject to customary lock-up provisions. The lock-up of the ordinary shares under the sign-on equity incentive will be three years where 1/3 of the ordinary shares will be released each year and the leaver provisions provide for a re-delivery of the ordinary shares in case of a bad-leaver. The Management Board collectively holds 2,800,000 DRs (see note 12) in the share capitalof the Company, of which Mr Michiel Staatsen holds 1,050,000 DRs and Mr Erik Roesink 1,750,000 DRs. These DRs are subject to lock-up restrictions. The DRs will be released from the lock-up restrictions as follows: one-third of the DRs will be unconditionally released from the lock-up restrictions on the day that is one year after the IPO date which is 11 June 2021, one-third of the DRs on the day that is two years after the IPO date, and the remaining one-third of the DRs on the day that is three years after the IPO date, in each case on the condition that the relevant board member continues to be employed by the Company.The compensation for Ms Carolina Wielinga, chair of the Supervisory Board for the financial year 2022 amounts to \u20ac50,000 (2021: \u20ac27,652) and the compensation for Mr Benno van Dongen amounts to \u20ac30,000 (2021: \u20ac16,591). Mr John Glorie is employed by Infestos Nederland and does not receive compensation for his Supervisory Board activities.17Intangible assetsThe movement in intangible assets during theyears was as follows: Concessions and rights ofIn EUR \u2018000 Development costs intellectual property Software TotaAt 1 January 2021 Cost 1,426 233 - 1,659Accumulated impairments and amortisation (295) (64) - (359)Net book value 1,131 169 - 1,300 Year ended 31 December 2021 Opening net book value 1,131 169 - 1,300Additions 741 31 72 844Acquisitions - - - -Amortisation for the year (290) (25) - (315)Consolidation and deconsolidation - - - -Closing net book value 1,582 175 72 1,829 At 31 December 2021 Cost 2,167 264 72 2,503Accumulated impairments and amortization (585) (89) - (674)Net book value 1,582 175 72 1,829 Year ended 31 December 2022 Opening net book value 1,582 175 72 1,829Additions 914 11 92 1,017Acquisitions - - - -Amortisation for the year (435) (28) (27) (490)Consolidation and deconsolidation (3) - - (3)Closing net book value 2,058 158 137 2,353 At 31 December 2022 Cost 3,078 275 164 3,517Accumulated impairments and amortization (1,020) (117) (27) (1,164)Net book value 2,058 158 137 2,353Development costsAdditions to intangible fixed assets relate to internal development projects for new productsor systems or development projects for new features to existing products and systems.Concessions and rights of intellectual property Additions for concessions and rights of intellectual property relate to payments made to the patent office for the filing process of theCompany\u2019s patents and intellectual property rights.Software Additions to software relate to externally acquired programs and software for amongst others sales, engineering and datamanagement. 18Property, plant and equipment The movement in property, plant and equipment during the years was as follows: Machinery and Pilot Assets under In EUR \u2018000 Land & buildings equipment equipment construction TotaAt 1 January 2021 Cost - 3,272 243 - 3,515Accumulated impairments and depreciation - (1,226) (43) - (1,269)Net book value - 2,046 200 - 2,246 Year ended 31 December 2021 Opening net book value - 2,046 200 - 2,246Additions 223 2,136 2,428 2,985 7,772Disposal - (36) (31) - (67)Depreciation for the year - (658) (179) - (837)Depreciation of disposal - 31 5 - 36Closing net book value 223 3,519 2,423 2,985 9,150 At 31 December 2021 Cost 223 5,372 2,640 2,985 11,220Accumulated impairments and depreciation - (1,853) (217) - (2,070)Net book value 223 3,519 2,423 2,985 9,150 Year ended 31 December 2022 Opening net book value 223 3,519 2,423 2,985 9,150Additions - 513 - 11,140 11,653Reclassification assets under construction 3,825 3,591 4,568 (11,984) -Disposal - (75) (177) - (252)Depreciation for the year (47) (1,216) (834) - (2,097)Depreciation of disposal - 58 23 - 81Closing net book value 4,001 6,390 6,003 2,141 18,535 At 31 December 2022 Cost 4,048 9,401 7,031 2,141 22,621Accumulated impairments and amortization (47) (3,011) (1,028) - (4,086)Net book value 4,001 6,390 6,003 2,141 18,535The Company\u2019s additions to Land & Buildings mainly relate to the purchase of a plot of land in Hengelo, the Netherlands for the realizationof a new state-of-the art megafactory for the production of our direct nanofiltration membranes. The additions to machinery and equipment mainly relate to expansion of the Company\u2019s production capacity. The additions to pilot equipment mainly relate to the expansion of its pilot fleet. The depreciationaccounting policies for PP&E are included in thesection accounting policies of the Company.Right-of-use assetsThe movement in the right-of-use assets duringthe years was as follows:In EUR \u2018000 2022 2021At 1 January Cost 1,782 1,352Accumulated depreciation (426) (188)Net book value 1,356 1,164 Additions 655 430Other / remeasurement 166 -Disposals (18) -Depreciation of disposals 18 -Depreciation for the year (424) (238)Net book value at 31 December 1,753 1,356Total gross right-of-use assets: 31 December 31 DecemberIn EUR \u2018000 2022 2021Buildings 1,863 1,320Vehicles 682 448Fork-lift truck 40 14Total gross right-of-use assets 2,585 1,782Total depreciation charge right-of-use assetsIn EUR \u2018000 2022 2021Buildings 267 177Vehicles 152 57Fork-lift truck 5 4Total depreciation charge 424 238Interest expense (included in finance cost) 61 46The total cash outflow for leases in 2022 was\u20ac462 thousand (2021: \u20ac268 thousand).Deferred tax assets 31 December 31 DecemberIn EUR \u2018000 2022 2021Deferred tax assets Timing differences 13 9Carry forward losses 8,947 5,699Total 8,960 5,708 Of which: Current (<1 year) 13 Non-current (>1 year) 8,947 5,6As of December 31, 2022, the amount of tax losses that can be offset in the future amounts to \u20ac34.7 million (\u20ac22.8 million per December 31, 2021). There are no tax losses for which no deferred tax asset has been recognized.A deferred tax asset has been recognized for these tax losses that have been valued at the nominal tax rate of 25.8% (being the estimatedblended rate as from 2022).Inventories 31 December 31 DecemberIn EUR \u2018000 2022 2021Raw materials 2,186 1,503Semi finished goods 1,428 738Finished goods 1,976 898Work in progress 715 73Total 6,305 3,212During 2022 no inventories were written down tonet realizable value (31 December 2021: \u20ac nil).Trade and otherreceivables 31 December 31 DecemberIn EUR \u2018000 2022 2021Trade receivables 3,989 833Less: loss allowance (42) -Trade receivables - net 3,947 833Prepaid expenses 1,013 318Other taxes 1,035 1,080Other receivables 1,159 573 7,154 2,804Less non-current portion - -Current portion 7,154 2,804The fair value of the receivables approximatesthe carrying amounts. No breakdown of the fair values of trade and other receivables and the non-current portion of the receivables has been included as the differences betweenthe carrying amounts and the fair values are insignificant.As at 31 December 2022 and 31 December 2021 all receivables are denominated in euro currency. Information about the Company\u2019s exposure to credit and market risks, and impairment losses for trade and other receivables is included in note 3 \u2018Financial instruments and risk management\u2019. Cash and cash equivalents 31 December 31 DecemberIn EUR \u2018000 2022 2021Cash and cash equivalents 104,274 133,433Total 104,274 133,433The cash and cash equivalents are freelydisposable to the Company. EquityOrdinary sharesThe movement of the ordinary shares in 2022and 2021 is outlined in the tables below. Number of Par value Share premium Total ordinary shares EUR \u2018000 EUR \u2018000 EUR \u2018000Opening balance 1 January 2021 5,950,000 5,950 - 5,950Share split 29,050,000 (5,600) 5,600 -Share issuance 15,000,000 150 164,850 165,000Balance 31 December 2021 50,000,000 500 170,450 170,950Share split - - - -Share issuance - - - -Balance 31 December 2022 50,000,000 500 170,450 170,950On 26 May 2021 and pursuant to a notarial deed of amendment of the Articles of Association, the ordinary shares with a value of \u20ac1.00 have been split into an aggregate amount of 35,000,000 ordinary shares, each with a nominal value \u20ac0.01, as a result of whichthe Company\u2019s issued capital amounted to \u20ac350,000 divided into 35,000,000 ordinary shares, at such time. The difference between the aggregate nominal value of the ordinary shares before and after this stock split was added to the share premium reserve of the Company. These outstanding ordinary shares are fully paid-up.Pursuant to a deed of amendment and conversion executed on 11 June 2021, the authorized capital (maatschappelijk kapitaal) of NX Filtration N.V. amounts to \u20ac1,750,000 divided into 175,000,000 ordinary shares.On 15 June 2021, the Company issued 15,000,000 ordinary shares against an issue price of \u20ac11.00, each with a nominal value of \u20ac0.01, as a result of which the Company\u2019s current issued capital amounts to \u20ac500,000 divided into 50,000,000 Ordinary Shares.The share premium reserve relates to contribution on issued shares in excess of the nominal value of the shares (above par value).Preference sharesThe movement of the preference shares in 2022and 2021 is outlined in the tables below. Number of Par value Share premium Total preference shares EUR \u2018000 EUR \u2018000 EUR \u2018000Opening balance 1 January 2021 46,902 47 13,378 13,425Shares cancellation (46,902) (47) (13,378) (13,425)Balance 31 December 2021 - - - -Shares cancellation - - - -Balance 31 December 2022 - - - -On 15 June 2021, the Company repaid and cancelled all of the outstanding preference shares including payment of the cumulative interest accrued thereon. The total repaid amounts to \u20ac15.8 million, including \u20ac2.4 millionof accrued interest. Preference shares were shares with voting rights that entitled their owners to a fixed 7% dividend per annum for Preference Shares A and a fixed 9% per annum for the other Preference Share classes. Preference shares are considered as a part of equity, since holders of ordinary shares decide at the General Meeting whether dividends will be paid out to preference shareholders or not. Only in case of a dividend distribution, preference shareholders first receive a return on their investment. Subsequently the ordinaryshareholders receive a return, therefore the dividend on preference shares are discretionaryand non-contractual in nature.Provision is made for the amount of any dividend declared, being appropriately authorized and no longer at the discretion of the entity, on or before the end of the reportingperiod but not distributed at the end of the reporting period.Loss for the period The proposal to the General Meeting is that the2022 loss for the period will be recognized in retained earnings.Retained earningsThe retained earnings are restricted due to a legal reserve for capitalized development costs of \u20ac2.1 million (31 December 2021: \u20ac1.6 million)which is not available for distribution.25 Lease liabilitiesThe Company leases several assets, which can be combined into the asset classes: (i) Buildings, (ii) Equipment and (iii) Vehicles. These contracts are typically entered into for a period between 3 to 5 years, but some leases may include renewal and/or terminationoptions. 31 December 31 DecemberIn EUR \u2018000 2022 2021Buildings 1,313 1,042Equipment 22 -Vehicles 473 352Total 1,808 1,394The maturity of the lease liabilities can bespecified as follows: Repayment Remaining term Remaining obligation in >1 year teIn EUR \u2018000 31 December 2022 2023 and <5 year >5Buildings 1,313 326 987 -Equipment 22 4 17 1Vehicles 473 167 306 -Total 1,808 497 1,310 1Right-of-use assetsRight-of-use assets related to leases that do not meet the definition of investment property are presented as property, plant and equipment. The Company has no right-of-use assets that meet the definition of investment property.Amounts recognized in the statement of comprehensive income and cash flowsBesides the interest expenses related to lease liabilities and depreciation charges on right-of-use assets as disclosed in Note 13 and Note 19,respectively, the Company recognized in 2022 within the statement of comprehensive income\u20ac7 thousand (2021: \u20ac11 thousand) relating to low value leases.Extension and termination optionsThe Company has contracts within the building asset class that include renewal and termination options or a combination of both. At 31 December 2022 and 31 December2021 the renewal options are included in the measurement of the lease liabilities, no termination options are included.Trade and other payables 31 December 31 DecemberIn EUR \u2018000 2022 2021Trade payables 3,029 3,677Tax payables 231 125Employee benefits 449 203Payments received in advance 159 162Other liabilities 1,120 787Total 4,988 4,954All current liabilities fall due in less than one year. The fair value of the current liabilities approximates the carrying amount due to its short-term character. The entire amount of payments received in advance has been recognized as income in the subsequent period.As at 31 December 2022 and 31 December 2021all payables are denominated in euro currency.28Related party transactionsAll legal entities that can be controlled, jointly controlled or significantly influenced are considered to be a related party. Also, entities which can control, jointly control or significantlyinfluence the Company are considered a relatedparty. In addition, statutory and supervisory directors and close relatives are regarded as related parties.The following transactions were carried out with related parties:\u2022 Key management compensation, as furtherdisclosed in note 16 above; \u2022 Management fee to Infestos Holding E B.V, based on the consultancy agreement between Infestos Holding E B.V. and NX Filtration as entered into on the date of IPOin the amount of \u20ac150 thousand;\u2022 The agreement between Infestos Holding E B.V. and the Company on a sign-on equity incentive with Mr Marc Luttikhuis. All these transactions are made on terms equivalent to those that prevail in arm\u2019s length transactions.29Events after the end of thereporting periodNo such events to report.27Contingencies and commitments Capital Expenditure CommitmentsNX Filtration B.V. and NX Filtration Real Estate B.V. has signed a number of purchase contracts related to buildings, machinery and equipment capital expenditures, amounting to \u20ac45.9 million(2021: \u20ac1.7 million).Company balance sheet as at 31 December 2022Before profit allocationIn EUR \u2018000 Notes 31 December 2022 31 December 2021AssetsNon-current assetsIntangible assets 3 2,216 1,757Financial fixed assets 4 47,813 516Deferred tax assets 5 8,947 5,699Total non-current assets 58,976 7,972 Current assetsReceivables 92 35Receivable from group companies - 32,065Cash and Cash Equivalents 6 90,370 111,617Total current assets 90,462 143,717Total assets 149,438 151,689Equity and liabilitiesShareholders\u2019 equityIssued share capital 500 500Share premium 170,450 170,450Legal and statutory reserves 7 2,058 1,582Other reserves 7 (21,828) (10,034)Result for the period (8,642) (11,354)Total equity 142,538 151,144Current liabilitiesTrade and other payables 31 320Payable to group companies 6,647 -Other payables 222 225Total current liabilities 6,900 545Total equity and liabilities 149,438 151,689Company income statement for the year ended 31 December 2022In EUR \u2018000 Notes 2022 2021 Revenue 8 53 53Amortization of intangible assets 3 (463) (315)Personnel expenses (751) (236)General expenses 10 (577) (9,841)Operating loss (1,738) (10,339)Finance income 11 140 124Finance expenses 12 (199) (352)Finance expenses (net) (59) (228)Loss before income tax (1,797) (10,567)Income tax benefit 5 646 2.653Share of net loss of investments in subsidiaries 4 (7,491) (3,440)Loss for the period after income tax (8,642) (11,354)NotesGeneral informationThe company financial statements are part of the consolidated financial statements of NX Filtration N.V. (the Company).1Basis of preparation The Company financial statements of NX Filtration N.V. have been prepared in accordance with Part 9, Book 2 of the Dutch Civil Code. In accordance with sub 8 of article 362, Book 2 of the Dutch Civil Code, the Company financial statements are prepared based on the accounting principles of recognition, measurement and determination of profit, as applied in the consolidated financial statements. These principles also include the classification and presentation of financial instruments, being equity instrumentsor financial liabilities. In case no other policies are mentioned, refer to the accounting policies as described in the accounting policies in the consolidated financial statements of this Annual report. For an appropriate interpretation, the company financial statements of NX Filtration N.V. should be read in conjunction with the consolidated financial statements. All amounts are presented in euro and have been rounded to the nearest thousand, unless stated otherwise. The balance sheet and income statement include references. These refer to the notes. The current financial year covers the period 1 January 2022 until 31 December 2022. The previous financial year covers the period 1 January 2021 until 31 December 2021. 2Critical accounting policiesInvestments in subsidiariesSubsidiaries are all entities (including intermediate subsidiaries) over which the Company has control. The Company controls an entity when it is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. Subsidiaries are recognized from the date on which control is transferred to the Company or its intermediate holding entities. They are derecognized from the date that control ceases. Investments in subsidiaries are measured at net asset value. Net asset value is based on the measurement of assets, provisions and liabilities and determination of profit based on the principles applied in the consolidated financial statements. In case of a negative net equity value of a subsidiary, the negative value is initially deducted from loans due from the respective subsidiary, if any, and subsequently accounted for as a provision for loss making subsidiaries.3 Intangible assetsThe movement in intangible assets during theyear was as follows: Concessions and rights ofIn EUR \u2018000 Development costs intellectual property TotalAt 1 January 2021 Cost 1,426 233 1,659Accumulated impairments and amortisation (295) (64) (359)Net book value 1,131 169 1,300Year ended 31 December 2021 Opening net book value 1,131 169 1,300Additions 741 31 772Acquisitions - - -Amortisation for the year (290) (25) (315)Consolidation and deconsolidation - - -Closing net book value 1,582 175 1,757 At 31 December 2021 Cost 2,167 264 2,431Accumulated impairments and amortization (585) (89) (674)Net book value 1,582 175 1,757 Year ended 31 December 2022 Opening net book value 1,582 175 1,757Additions 914 11 925Acquisitions - - -Amortisation for the year (435) (28) (463)Consolidation and deconsolidation (3) - (3)Closing net book value 2,058 158 2,216 At 31 December 2022 Cost 3,078 275 3.353Accumulated impairments and amortization (1,020) (117) (1,137)Net book value 2,058 158 2,216Amortization rates: %Development costs 20%Concessions and rights of intellectual property 10%Financial fixed assetsThe movement in the financial fixed assetsduring the years was as follows:In EUR \u2018000 in subsidiaries Loans receivable TotalAt 1 January 2021 (5,794) 9,750 3,956Investment/ changes - - -Share of net loss (3,440) - (3,440) (9,234) 9,750 516Provision 9,234 (9,234) -At 31 December 2021 - 516 516 At 1 January 2022 (9,234) 9,750 516Investment/ changes 64,541 (9,750) 54,791Share of net loss (7,491) - (7,491)Other movements (3) - (3) 47,813 - 47,813Provision - - -At 31 December 2022 47,813 - 47,813 Share in issued share capital at Share in issued share capital at 31 December 2022 31 December 2021NX Filtration B.V. 100% 100%NX Filtration Real Estate B.V. 100% 0%NX Filtration International B.V. 100% 0%The Company is wholly and severally liable for the loans of NX Filtration B.V. Consequently, a provision for loss making subsidiaries is recognised related to the negative equity value of NX Filtration B.V. in 2021.The loan receivable relates to a loan issued to NX Filtration B.V. On 11 October 2022 the loan receivable in the amount of \u20ac9.8m was converted to equity as share premium in accordance with a free share premium contribution agreement and settlement agreement, without the issuance of new sharesIn addition, a \u20ac51.3m intercompany receivable towards NX Filtration B.V. was converted to equity as share premium in accordance with a free share premium contribution agreement and settlement agreement, without the issuance of new shares. Furthermore, on 11 October 2022, NX Filtration N.V. made a sharepremium contribution of \u20ac3.5m towards NX Filtration Real Estate B.V. Deferred tax assets 31 December 31 DecemberIn EUR \u2018000 2022 2021At 1 January 5,699 1,903Tax benefit subsidiaries through fiscal unit 2,602 1,143Tax benefit NX Filtration N.V. 646 2,653At 31 December 8,947 5,699The deferred tax assets can be specified asfollows: 31 December 31 DecemberIn EUR \u2018000 2022 2021Deferred tax assets Timing differences - -Carry forward losses 8,947 5,699Total 8,947 5,699 Of which: Current (<1 year) - Non-current (>1 year) 8,947 5,6As of December 31, 2022, the total amount of recognized tax losses amounts to \u20ac34.7 million (\u20ac22.8 million as per December 31, 2021). A deferred tax asset has been recognized at the nominal tax rate of 25.8% (being the estimatedblended rate as from 2022).Cash and cash equivalents 31 December 31 DecemberIn EUR \u2018000 2022 2021ABN AMRO bank 45,867 45,992Van Lanschot bank 32,781 25,000Rabobank 11,722 40,625Total 90,370 111,617The cash and cash equivalents are freelydisposable to the Company.Shareholders\u2019 equityReference is made to note 24 of the consolidated financial statements for an explanation of the equity composition of theCompany.Legal and statutory reservesThe legal reserve relates to a reserve for capitalized development costs of the subsidiaries.In EUR \u2018000 2022 2021At 1 January 1,582 1,132Movement in legal reserve 476 450At 31 December 2,058 1,582Other reservesThe other reserves can be specified as followsIn EUR \u2018000 2022 2021At 1 January (10,034) (5,071)Allocation of previous year loss (11,354) (2,092)Interest on repayment and cancellation of preference share capital - (2,421)Share-based payment transactions 36 -Movement in legal reserve (476) (450)At 31 December (21,828) (10,034)RevenueIn EUR \u2018000 2022 2021Charged patent rights 48 48Management fee 5 5Total 53 539Average numbers of employeesIn 2022, the company had 3 employees (2021:2 employees). None of these employees worksabroad.General expensesIn EUR \u2018000 2022 2021Audit fees 143 150Legal fees 31 35Consultancy fee Infestos Holding E B.V. 152 84Patent renewal fees - 47Management fee lnfestos Management B.V. - 2Listing costs 137 9,465Other general costs 114 58Total 577 9,841The following audit fees were expensed in theincome statement in the reporting period. PricewaterhouseCoopersIn EUR \u2018000 Accountants N.V. Other network Total network 2022 2021 2022 2021 2022 2021Audit of the financial statements 143 150 - - 143 150Other audit procedures - 213 - - - 213Tax services - - - - -Other non-audit services - - - - - -Total 143 363 - - 143 363The fees listed above relate to the services provided to the Company by accounting firmsand external independent auditors as referredto in Section 1(a) of the Dutch Accounting Firms Oversight Act (Wta). Finance incomeIn EUR \u2018000 2022 2021Interest on receivables from group companies 140 124Total 140 124Finance expenseIn EUR \u2018000 2022 2021Interest on cash balances (negative interest) (199) (352)Total (199) (352)Contingencies andcommitmentsFiscal unityThe Company is the head of the fiscal unity forthe Corporate Income Tax and Value Added Tax of the Group. As such the Company is fullyliable for any tax liability resulting from this.Events after the reportingperiodNothing to report. Authorisation of the financial statementsEnschede, 10 February 2023Management BoardMichiel Erik Marc Staatsen Roesink Luttikhuis CEO and CTO CFOCOO", "dimensions": { "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-1-2": { "value": " Summary of significantaccounting policiesBasis of preparationThe principal accounting policies applied in thepreparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the yearspresented, unless otherwise stated.The preparation of these consolidated financialstatements in conformity with IFRS requires the use of certain critical accounting estimates.It also requires management to exercise its judgment in the process of applying the Company\u2019s accounting policies. The areas and also comply with the financial reporting requirements included in Part 9 of Book 2 of theDutch Civil Code. These consolidated financial statements have been prepared in accordance, and comply with International Financial Reporting Standards (IFRS) and interpretations adoptedby the European Union, where effective, for financial years beginning 1 January 2022 These consolidated financial statements havebeen prepared on a going concern basisCritical accounting policiesConsolidation Subsidiaries are all entities over which the Company has control. The Company controls anentity where the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. Subsidiaries are deconsolidated from the date that control ceases.Inter-company transactions, balances and unrealized gains on transactions between groupcompanies are eliminated. Unrealized losses arealso eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Foreign currency transactions and translationsForeign currency transactions are translated into the functional currency using the exchangerates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year-end exchange rates, are generally recognized in profit or loss.Revenue The Company manufactures and sells a rangeof water filtration solutions to companies serving the industrial and municipal sectors. Sales are recognized when control of the products has transferred, being when the products are delivered or risks are transferredto the customers, the customer has full discretion over the use of the products, and there is no unfulfilled obligation that could affect the customer\u2019s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the Company has objective evidence that all criteriafor acceptance have been satisfied. Revenue is measured based on the consideration specified in a contract with a customer. The Company has no specific obligations for returns, refund clauses nor any other similar obligations specified in the contract with customers. However, standard product compliance warranty is provided to customers, which is not considered a separate performance obligation.Government grantsGrants from the government are recognized at their fair value where there is a reasonable assurance that the grant will be received, and the Company will comply with all attached conditions. Government grants relating to costsare deferred and recognized in the statement of comprehensive income over the period necessary to match them with the costs they are intended to compensate.Employee benefitsShort-term obligationsLiabilities for wages and salaries, including non-monetary benefits, annual leave and accumulating sick leave that are expected to be settled fully within 12 months after the end of the period in which the employeesrender the related service are recognized in respect of employees\u2019 services up to the endof the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet. Salaries, wages and social security contributions are charged to the consolidated statement of comprehensive income based on the terms of employment, when they are due toemployees and the tax authorities respectively.Pension obligationsFor defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. Termination benefits are expensed at the earlier of when the Company can no longerwithdraw the offer of those benefits and when the Company recognizes costs for a restructuring.Share-based payments The grant-date fair value of equity-settled share-based payment awards granted to employees is recognized as an expense, with a corresponding increase in equity, over the vesting period of the awards. The amount recognised as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognised is based on the number of awards that meet the related service and non-marketperformance conditions at the vesting date. The Company has no share-based payment awards with non-vesting conditions nor with market performance conditions.ExpensesExpenses arising from the Company\u2019s businessoperations are accounted for in the year incurred.In June2021, NX Filtration became a publicly traded company when it listed its ordinary shares on Euronext Amsterdam, raising \u20ac165 million for inter alia the acceleration of its business plan including a medium-term objective to realize a positive EBITDA margin by reaching a larger scale of operations and realizing purchasing benefits based on increasing volumes and optimizing product designs. In managements opinion, the cash balance per 31 December 2022 of \u20ac104 million is sufficient to fund NX Filtration\u2019s planned investments and the upscaling of the operations.Basis of measurementThese consolidated financial statements have been prepared on a historical cost convention, unless stated otherwise. These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated.New and amended standards not adopted by the GroupCertain new accounting standards and interpretations have been published that are not mandatory for 31 December 2022 reportingperiods and have not been early adopted by the Group. These standards are not expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions. involving a higher degree of judgement or complexity, or areas where assumptions andestimates are significant to the financial statements are disclosed in note 6 \u2018Critical accounting estimates and judgements\u2019.Finance expensesFinance expenses include interest incurred on financial instruments measured at amortized cost using the effective interest method (if any)and interest expenses on the Company\u2019s cash and cash equivalent balances. Corporate income tax The income tax expense or credit for the period is the tax payable on the current period\u2019s taxable income, based on the applicable income tax rate for each jurisdiction, adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.The current income tax charge (if applicable) is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the groupcompanies operate and generate taxable income.Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measuresits tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of theresolution of the uncertainty. Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized, or the deferred income tax liability is settled. Deferred tax assetsare recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses. Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive incomeor directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity, respectively.Intangible assetsConcessions, licenses and rights to intellectual property Concessions, licenses and rights to intellectual property are capitalized at historical cost. Theyhave a finite useful life and are subsequently carried at cost less accumulated amortization and impairment losses. These assets are amortized over a period of 10 years.SoftwareSoftware are capitalized at historical cost and amortized on a straight-line basis over the estimated useful life of the assets, typically 3 years. Cost associated with maintaining software programs are recognized as an expense as incurred. Leases As a lesseeAt the inception of an agreement, the Companyassesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company uses the definition of a lease in IFRS 16.The Company, as a lessee, recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments at the lease commencement date.Gains and losses on disposals are determinedby comparing proceeds with the carrying amount and are recognized within the consolidated statement of comprehensive income.Depreciation on assets is calculated by recognizing the difference between historicalcost and the estimated residual values using the straight-line method over their estimateduseful life in profit or loss.The estimated useful lives of property, plant and equipment for current and comparable periods are as follows: Land and buildings 10 - 30 yearsMachinery and equipment 5 - 10 yearsRight-of-use assets 1 - 9 yearsPilot equipment 5 yearsThe assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. The costs of future replacement are capitalized based on the component approach. Under this approachthe total costs are allocated to the \u2018componentassets\u2019. Government grants on investments, if applicable, are deducted from the purchase price or manufacturing price of the assets to which the government grants relate.An asset\u2019s carrying amount is written down immediately to its recoverable amount if the asset\u2019s carrying amount is greater than its estimated recoverable amount.Research and developmentDevelopment costs that are directly attributable to the design and testing of identifiable and unique products controlled by the Company are recognized as intangible assets where the following criteria are met: \u2022 it is technically feasible to complete the product or system so that it will be available for use;\u2022 management intends to complete the product or system and use or sell it;\u2022 there is an ability to use or sell the product or system;\u2022 it can be demonstrated how the product or system will generate probable future economic benefits;\u2022 adequate technical, financial and other resources to complete the development and to use or sell the product or system areavailable; and\u2022 the expenditure attributable to the productor system during its development can be reliably measured.Directly attributable costs that are capitalized as part of the product include amongst others payroll costs and other costs related to creating or improving the existing product portfolio in the development phase.Capitalized development costs are recorded as intangible assets and amortized in 5 years from the point at which the asset is ready for use. Other development expenditures that do not meet these criteria are recognized as an expense as incurred. Development costs previously recognized as an expense are not recognized as an asset in a subsequent period. Expenditure on research activities is recognizedas expense in the period in which it is incurred.Property, plant and equipmentAll property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset\u2019s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance arecharged to profit or loss during the reporting period in which they are incurred.The Company elected to apply the recognition exemption for both short-term and low value leases \u2013 e.g. office equipment. As such, the Company recognizes lease payments associatedwith these leases as an expense on a straight-line basis over the lease term.The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.The right-of-use asset is subsequently depreciated using the straight-line method fromthe commencement date to the end of the leaseterm, unless the lease transfers ownership of the underlying asset to the Company by the endof the lease term or the cost of the right-of-use asset reflects that the Company will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company\u2019s incremental borrowing rate. Subsequently, the lease liability is increased by the interest costs on the lease liability and decreased by lease payments made.Lease payments included in the measurement of the lease liability comprise the following:\u2022 fixed payments, including in-substance fixed payments;\u2022 variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;\u2022 amounts expected to be payable under a residual value guarantee; and\u2022 the exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate earlyThe lease liability is measured at amortized cost using the effective interest method. The lease liability is remeasured when there is a change in future lease payments arising from a change in index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment whether a purchase or renewal option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised.When the lease liability is remeasured as abovementioned, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.The Company\u2019s right-of-use assets and lease liabilities are presented under Property, plant and equipment and Lease liabilities, respectively.As a lessorLeases in which the Company does not transfersubstantially all the risks and rewards incidentalto ownership of an asset are classified as operating leases. The Company has rental income from the lease of pilot equipment. This rental income is accounted for on a straight-line basis over the lease terms and is included in gross income in the statement of comprehensive income. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as gross income in the period in which they are earned.Inventories Inventories mainly relate to raw materials and finished goods and are valued at the lower of cost and net realizable value. Cost comprises direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocatedon the basis of normal operating capacity. Costs of purchased inventory are determined after deducting rebates and discounts. Costs are determined using the first in first out method. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and theestimated costs necessary to make the sale. Financial instrumentsFinancial assets \u2013 Classification and measurementThe Company classifies its financial assets in the following measurement categories:\u2022 those to be measured subsequently at fair value (either through other comprehensive Income (OCI) or through profit or loss), and\u2022 those to be measured at amortized cost.The classification depends on the entity\u2019s business model for managing the financial assets and the contractual terms of the cash flows.Financial assets - Recognition and derecognitionRegular purchases and sales of financial assets are recognized on the trade-date, the date on which the Company commits to purchase or sellthe asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.Financial assets \u2013 Initial recognitionAt initial recognition the Company measures a financial asset at its fair value. Except for cash and cash equivalents, the initial measurement of a financial asset is adjusted for directly attributable transaction cost. Transaction costs of financial assets carried at fair value through profit or loss (cash and cash equivalents) are expensed in profit or loss.Impairment of non-financial assets Non-financial assets with a definite useful lifeare tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. For thepurposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered an impairment are reviewed for possible reversal of the impairment at the endof each reporting period. Financial assets \u2013 Subsequent MeasurementsSubsequent measurement depends on the Company\u2019s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies itsdebt instruments: (i) Amortized cost, (ii) Fair value through profit or loss; and (iii) Fair value through other comprehensive income.The Company makes no use of derivative financial instruments. Besides cash and cash equivalents that are measured at fair value through profit or loss, the Company\u2019s receivables are measured at amortized costs. Interest income (if any) from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly inprofit or loss.Financial liabilities - Recognition and measurementFinancial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument. The Company only has financial liabilities at amortized cost and makes no use of derivativefinancial instruments.Financial liabilities at amortized costsFinancial liabilities at amortized cost include trade and other payables. Trade and other payables are initially recognized at fair value equaling the amount required to be paid, less, when material, a discount to reduce the payables to fair value. Subsequently, trade and other payables are measured at amortized cost using the effective interest method. Trade and other payables are classified as current liabilities due to their short- term nature, exceptfor maturities greater than 12 months after theend of the reporting period. These are classifiedas non-current liabilities.Offsetting financial instrumentsFinancial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is anintention to settle on a net basis or realize the asset and settle the liability simultaneously. TheCompany does not have any legally enforceableright to offset the recognized amounts in the balance sheet.Cash and cash equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits heldat call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Cash and cash equivalents aremeasured at fair value.Share capital \u2013 Ordinary sharesAn ordinary share entitles its owner to a votingright and, only to extent so ultimately decided by the general meeting of the Company (the General Meeting), to dividends. Trade and other receivables Trade and other receivables are amounts due from customers for products delivered and services performed in the ordinary course of business. If collection is expected in one year or less, they are classified as current assets. If not,they are presented as non-current assets. Tradereceivables are generally due for settlement immediately and therefore all classified as current assets.Trade receivables are recognized initially at theirtransaction price, the amount of consideration that is unconditional, unless they contain significant financing components when they arerecognized at fair value. They are subsequently measured at amortized cost using the effective interest method, less loss allowance. Trade and other payables These amounts represent liabilities provided tothe Company prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognizedinitially at their fair value. And subsequent measurement at amortized cost using the effective interest method.Cash flow statement The cash flow statement has been prepared using the indirect method, whereby profit or loss is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or financing cash flows.Segment reportingThe Company is engaged in the business of developing, producing and selling hollow fiber membrane modules. There is a strong interrelationship between the Company\u2019s different activities, hence Management reviewsthe overall business based on the Group\u2019s profitability.Financial assets \u2013 ImpairmentThe Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Companyhas no trade receivables nor amounts due from customers for contract work including a significant finance component and is thereforeallowed to apply the simplified approach underIFRS 9, in which the credit losses are measuredusing a lifetime expected loss allowance for all trade receivables. Financial liabilities \u2013 DerecognitionThe Company derecognizes a financial liability when its contractual obligations are dischargedor cancelled or expire. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in the consolidated statement of comprehensive income.The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. However, when the cash flows of the modified liability are not substantially different, the Company (i) recalculates the amortized cost of the modifiedfinancial liability by discounting the modified contractual cash flows using the original effective interest rate and (ii) recognizes any adjustment in the consolidated statement of comprehensive income.5 Fair value estimationAt 31 December 2022 and 31 December 2021, the Company\u2019s cash and cash equivalents are measured at fair value. The carrying amounts of trade and other receivables and trade and other payables approximated their fair values due to the short-term maturities of these assets and liabilities.Fair value is defined as the price that would be received for sale of an asset or paid for transferof a liability, in an orderly transaction between market participants at the measurement date. IFRS establishes a three tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).", "dimensions": { "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-3-3": { "value": "The principal accounting policies applied in thepreparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the yearspresented, unless otherwise stated.and also comply with the financial reporting requirements included in Part 9 of Book 2 of theDutch Civil Code. In June2021, NX Filtration became a publicly traded company when it listed its ordinary shares on Euronext Amsterdam, raising \u20ac165 million for inter alia the acceleration of its business plan including a medium-term objective to realize a positive EBITDA margin by reaching a larger scale of operations and realizing purchasing benefits based on increasing volumes and optimizing product designs. In managements opinion, the cash balance per 31 December 2022 of \u20ac104 million is sufficient to fund NX Filtration\u2019s planned investments and the upscaling of the operations.Basis of measurementThese consolidated financial statements have been prepared on a historical cost convention, unless stated otherwise. These consolidated financial statements are presented in euro, which is the Company\u2019s functional currency. All amounts have been rounded to the nearest thousand, unless otherwise indicated.New and amended standards not adopted by the GroupCertain new accounting standards and interpretations have been published that are not mandatory for 31 December 2022 reportingperiods and have not been early adopted by the Group. These standards are not expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions. ", "dimensions": { "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-2-2": { "value": "Basis of preparationThe preparation of these consolidated financialstatements in conformity with IFRS requires the use of certain critical accounting estimates.It also requires management to exercise its judgment in the process of applying the Company\u2019s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions andestimates are significant to the financial statements are disclosed in note 6 \u2018Critical accounting estimates and judgements\u2019.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-31-2": { "value": "These consolidated financial statements have been prepared in accordance, and comply with International Financial Reporting Standards (IFRS) and interpretations adoptedby the European Union, where effective, for financial years beginning 1 January 2022 ", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "f37381": { "value": "-11606000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37384": { "value": "-14714000", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37409": { "value": "3057000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37412": { "value": "1391000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:254900YF0PQV9APMA050", "period": 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} }, "f37449": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37452": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37465": { "value": "36000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37468": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37484": { "value": "-3093000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37487": { "value": "-1135000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37500": { "value": "-4350000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37503": { "value": "-2178000", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:254900YF0PQV9APMA050", "period": 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"scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37557": { "value": "11653000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37560": { "value": "7772000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37571": { "value": "1017000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37574": { "value": "844000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37586": { "value": "-12670000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37589": { "value": "-8616000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37613": { "value": "0", "decimals": -3, "dimensions": { "concept": "NXF:ProceedsFromIssuingSharesAndSharePremiumContribution", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37616": { "value": "165000000", "decimals": -3, "dimensions": { "concept": "NXF:ProceedsFromIssuingSharesAndSharePremiumContribution", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37633": { "value": "0", "decimals": -3, "dimensions": { "concept": "NXF:RepaymentAndCancellationOfPreferenceSharesClassifiedAsFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37636": { "value": "15846000", "decimals": -3, "dimensions": { "concept": "NXF:RepaymentAndCancellationOfPreferenceSharesClassifiedAsFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37650": { "value": "465000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37653": { "value": "268000", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37661": { "value": "322000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37664": { "value": "221000", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37677": { "value": "-787000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37680": { "value": "148665000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37697": { "value": "-29159000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37701": { "value": "126834000", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37719": { "value": "133433000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37722": { "value": "6599", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37741": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37744": { "value": "0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:254900YF0PQV9APMA050", "period": "2021-01-01T00:00:00/2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37762": { "value": "104274000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:254900YF0PQV9APMA050", "period": "2023-01-01T00:00:00", "unit": "iso4217:EUR" } }, "f37765": { "value": "133433000", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00", "unit": "iso4217:EUR" } }, "pp-value-32-2": { "value": "These consolidated financial statements havebeen prepared on a going concern basis", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-35-2": { "value": "Consolidation Subsidiaries are all entities over which the Company has control. The Company controls anentity where the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. Subsidiaries are deconsolidated from the date that control ceases.Inter-company transactions, balances and unrealized gains on transactions between groupcompanies are eliminated. Unrealized losses arealso eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. ", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-35-4": { "value": "Consolidation Subsidiaries are all entities over which the Company has control. The Company controls anentity where the Company is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company. Subsidiaries are deconsolidated from the date that control ceases.Inter-company transactions, balances and unrealized gains on transactions between groupcompanies are eliminated. Unrealized losses arealso eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-36-3": { "value": "Foreign currency transactions and translationsForeign currency transactions are translated into the functional currency using the exchangerates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year-end exchange rates, are generally recognized in profit or loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-37-3": { "value": "Revenue The Company manufactures and sells a rangeof water filtration solutions to companies serving the industrial and municipal sectors. Sales are recognized when control of the products has transferred, being when the products are delivered or risks are transferredto the customers, the customer has full discretion over the use of the products, and there is no unfulfilled obligation that could affect the customer\u2019s acceptance of the products. Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred to the customer, and either the customer has accepted the products in accordance with the sales contract, the acceptance provisions have lapsed, or the Company has objective evidence that all criteriafor acceptance have been satisfied. Revenue is measured based on the consideration specified in a contract with a customer. The Company has no specific obligations for returns, refund clauses nor any other similar obligations specified in the contract with customers. However, standard product compliance warranty is provided to customers, which is not considered a separate performance obligation.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-39-3": { "value": "Government grantsGrants from the government are recognized at their fair value where there is a reasonable assurance that the grant will be received, and the Company will comply with all attached conditions. Government grants relating to costsare deferred and recognized in the statement of comprehensive income over the period necessary to match them with the costs they are intended to compensate.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-40-3": { "value": "Employee benefitsShort-term obligationsLiabilities for wages and salaries, including non-monetary benefits, annual leave and accumulating sick leave that are expected to be settled fully within 12 months after the end of the period in which the employeesrender the related service are recognized in respect of employees\u2019 services up to the endof the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet. Salaries, wages and social security contributions are charged to the consolidated statement of comprehensive income based on the terms of employment, when they are due toemployees and the tax authorities respectively.Pension obligationsFor defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. Termination benefits are expensed at the earlier of when the Company can no longerwithdraw the offer of those benefits and when the Company recognizes costs for a restructuring.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-42-4": { "value": "Termination benefits are expensed at the earlier of when the Company can no longerwithdraw the offer of those benefits and when the Company recognizes costs for a restructuring.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-43-3": { "value": "Share-based payments The grant-date fair value of equity-settled share-based payment awards granted to employees is recognized as an expense, with a corresponding increase in equity, over the vesting period of the awards. The amount recognised as an expense is adjusted to reflect the number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount ultimately recognised is based on the number of awards that meet the related service and non-marketperformance conditions at the vesting date. The Company has no share-based payment awards with non-vesting conditions nor with market performance conditions.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-44-3": { "value": "ExpensesExpenses arising from the Company\u2019s businessoperations are accounted for in the year incurred.Depreciation on assets is calculated by recognizing the difference between historicalcost and the estimated residual values using the straight-line method over their estimateduseful life in profit or loss.The estimated useful lives of property, plant and equipment for current and comparable periods are as follows: Land and buildings 10 - 30 yearsMachinery and equipment 5 - 10 yearsRight-of-use assets 1 - 9 yearsPilot equipment 5 yearsThe assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. The costs of future replacement are capitalized based on the component approach. Under this approachthe total costs are allocated to the \u2018componentassets\u2019. Government grants on investments, if applicable, are deducted from the purchase price or manufacturing price of the assets to which the government grants relate.An asset\u2019s carrying amount is written down immediately to its recoverable amount if the asset\u2019s carrying amount is greater than its estimated recoverable amount.Property, plant and equipmentAll property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset\u2019s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance arecharged to profit or loss during the reporting period in which they are incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-48-3": { "value": "Finance expensesFinance expenses include interest incurred on financial instruments measured at amortized cost using the effective interest method (if any)and interest expenses on the Company\u2019s cash and cash equivalent balances. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-48-4": { "value": "Finance expensesFinance expenses include interest incurred on financial instruments measured at amortized cost using the effective interest method (if any)and interest expenses on the Company\u2019s cash and cash equivalent balances. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-49-3": { "value": "Corporate income tax The income tax expense or credit for the period is the tax payable on the current period\u2019s taxable income, based on the applicable income tax rate for each jurisdiction, adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.The current income tax charge (if applicable) is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period in the countries where the groupcompanies operate and generate taxable income.Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measuresits tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of theresolution of the uncertainty. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-50-3": { "value": "Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized, or the deferred income tax liability is settled. Deferred tax assetsare recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses. Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive incomeor directly in equity. In this case, the tax is also recognized in other comprehensive income or directly in equity, respectively.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-52-3": { "value": "Intangible assetsConcessions, licenses and rights to intellectual property Concessions, licenses and rights to intellectual property are capitalized at historical cost. Theyhave a finite useful life and are subsequently carried at cost less accumulated amortization and impairment losses. These assets are amortized over a period of 10 years.SoftwareSoftware are capitalized at historical cost and amortized on a straight-line basis over the estimated useful life of the assets, typically 3 years. Cost associated with maintaining software programs are recognized as an expense as incurred. Research and developmentDevelopment costs that are directly attributable to the design and testing of identifiable and unique products controlled by the Company are recognized as intangible assets where the following criteria are met: \u2022 it is technically feasible to complete the product or system so that it will be available for use;\u2022 management intends to complete the product or system and use or sell it;\u2022 there is an ability to use or sell the product or system;\u2022 it can be demonstrated how the product or system will generate probable future economic benefits;\u2022 adequate technical, financial and other resources to complete the development and to use or sell the product or system areavailable; and\u2022 the expenditure attributable to the productor system during its development can be reliably measured.Directly attributable costs that are capitalized as part of the product include amongst others payroll costs and other costs related to creating or improving the existing product portfolio in the development phase.Capitalized development costs are recorded as intangible assets and amortized in 5 years from the point at which the asset is ready for use. Other development expenditures that do not meet these criteria are recognized as an expense as incurred. Development costs previously recognized as an expense are not recognized as an asset in a subsequent period. Expenditure on research activities is recognizedas expense in the period in which it is incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-56-4": { "value": "Depreciation on assets is calculated by recognizing the difference between historicalcost and the estimated residual values using the straight-line method over their estimateduseful life in profit or loss.The estimated useful lives of property, plant and equipment for current and comparable periods are as follows: Land and buildings 10 - 30 yearsMachinery and equipment 5 - 10 yearsRight-of-use assets 1 - 9 yearsPilot equipment 5 yearsThe assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. The costs of future replacement are capitalized based on the component approach. Under this approachthe total costs are allocated to the \u2018componentassets\u2019. Government grants on investments, if applicable, are deducted from the purchase price or manufacturing price of the assets to which the government grants relate.An asset\u2019s carrying amount is written down immediately to its recoverable amount if the asset\u2019s carrying amount is greater than its estimated recoverable amount.Property, plant and equipmentAll property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset\u2019s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance arecharged to profit or loss during the reporting period in which they are incurred.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-55-3": { "value": "Gains and losses on disposals are determinedby comparing proceeds with the carrying amount and are recognized within the consolidated statement of comprehensive income.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-54-3": { "value": "Leases As a lesseeAt the inception of an agreement, the Companyassesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company uses the definition of a lease in IFRS 16.The Company, as a lessee, recognizes a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments at the lease commencement date.The Company elected to apply the recognition exemption for both short-term and low value leases \u2013 e.g. office equipment. As such, the Company recognizes lease payments associatedwith these leases as an expense on a straight-line basis over the lease term.The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.The right-of-use asset is subsequently depreciated using the straight-line method fromthe commencement date to the end of the leaseterm, unless the lease transfers ownership of the underlying asset to the Company by the endof the lease term or the cost of the right-of-use asset reflects that the Company will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property, plant and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company\u2019s incremental borrowing rate. Subsequently, the lease liability is increased by the interest costs on the lease liability and decreased by lease payments made.Lease payments included in the measurement of the lease liability comprise the following:\u2022 fixed payments, including in-substance fixed payments;\u2022 variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date;\u2022 amounts expected to be payable under a residual value guarantee; and\u2022 the exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate earlyThe lease liability is measured at amortized cost using the effective interest method. The lease liability is remeasured when there is a change in future lease payments arising from a change in index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment whether a purchase or renewal option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised.When the lease liability is remeasured as abovementioned, a corresponding adjustment is made to the carrying amount of the right-of-use asset or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.The Company\u2019s right-of-use assets and lease liabilities are presented under Property, plant and equipment and Lease liabilities, respectively.As a lessorLeases in which the Company does not transfersubstantially all the risks and rewards incidentalto ownership of an asset are classified as operating leases. The Company has rental income from the lease of pilot equipment. This rental income is accounted for on a straight-line basis over the lease terms and is included in gross income in the statement of comprehensive income. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as gross income in the period in which they are earned.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-69-3": { "value": "Impairment of non-financial assets Non-financial assets with a definite useful lifeare tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. For thepurposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered an impairment are reviewed for possible reversal of the impairment at the endof each reporting period. Financial assets \u2013 ImpairmentThe Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Companyhas no trade receivables nor amounts due from customers for contract work including a significant finance component and is thereforeallowed to apply the simplified approach underIFRS 9, in which the credit losses are measuredusing a lifetime expected loss allowance for all trade receivables. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-69-4": { "value": "Impairment of non-financial assets Non-financial assets with a definite useful lifeare tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset\u2019s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset\u2019s fair value less costs of disposal and value in use. For thepurposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets that suffered an impairment are reviewed for possible reversal of the impairment at the endof each reporting period. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-65-3": { "value": "Inventories Inventories mainly relate to raw materials and finished goods and are valued at the lower of cost and net realizable value. Cost comprises direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenditure, the latter being allocatedon the basis of normal operating capacity. Costs of purchased inventory are determined after deducting rebates and discounts. Costs are determined using the first in first out method. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and theestimated costs necessary to make the sale. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-67-3": { "value": "Financial instrumentsFinancial assets \u2013 Classification and measurementThe Company classifies its financial assets in the following measurement categories:\u2022 those to be measured subsequently at fair value (either through other comprehensive Income (OCI) or through profit or loss), and\u2022 those to be measured at amortized cost.The classification depends on the entity\u2019s business model for managing the financial assets and the contractual terms of the cash flows.Financial assets - Recognition and derecognitionRegular purchases and sales of financial assets are recognized on the trade-date, the date on which the Company commits to purchase or sellthe asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.Financial assets \u2013 Initial recognitionAt initial recognition the Company measures a financial asset at its fair value. Except for cash and cash equivalents, the initial measurement of a financial asset is adjusted for directly attributable transaction cost. Transaction costs of financial assets carried at fair value through profit or loss (cash and cash equivalents) are expensed in profit or loss.Financial assets \u2013 Subsequent MeasurementsSubsequent measurement depends on the Company\u2019s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies itsdebt instruments: (i) Amortized cost, (ii) Fair value through profit or loss; and (iii) Fair value through other comprehensive income.The Company makes no use of derivative financial instruments. Besides cash and cash equivalents that are measured at fair value through profit or loss, the Company\u2019s receivables are measured at amortized costs. Interest income (if any) from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly inprofit or loss.Financial liabilities - Recognition and measurementFinancial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument. The Company only has financial liabilities at amortized cost and makes no use of derivativefinancial instruments.Financial liabilities at amortized costsFinancial liabilities at amortized cost include trade and other payables. Trade and other payables are initially recognized at fair value equaling the amount required to be paid, less, when material, a discount to reduce the payables to fair value. Subsequently, trade and other payables are measured at amortized cost using the effective interest method. Trade and other payables are classified as current liabilities due to their short- term nature, exceptfor maturities greater than 12 months after theend of the reporting period. These are classifiedas non-current liabilities.Offsetting financial instrumentsFinancial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is anintention to settle on a net basis or realize the asset and settle the liability simultaneously. TheCompany does not have any legally enforceableright to offset the recognized amounts in the balance sheet.Financial assets \u2013 ImpairmentThe Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Companyhas no trade receivables nor amounts due from customers for contract work including a significant finance component and is thereforeallowed to apply the simplified approach underIFRS 9, in which the credit losses are measuredusing a lifetime expected loss allowance for all trade receivables. Financial liabilities \u2013 DerecognitionThe Company derecognizes a financial liability when its contractual obligations are dischargedor cancelled or expire. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in the consolidated statement of comprehensive income.The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. However, when the cash flows of the modified liability are not substantially different, the Company (i) recalculates the amortized cost of the modifiedfinancial liability by discounting the modified contractual cash flows using the original effective interest rate and (ii) recognizes any adjustment in the consolidated statement of comprehensive income.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-68-4": { "value": "Financial assets \u2013 Classification and measurementThe Company classifies its financial assets in the following measurement categories:\u2022 those to be measured subsequently at fair value (either through other comprehensive Income (OCI) or through profit or loss), and\u2022 those to be measured at amortized cost.The classification depends on the entity\u2019s business model for managing the financial assets and the contractual terms of the cash flows.Financial assets - Recognition and derecognitionRegular purchases and sales of financial assets are recognized on the trade-date, the date on which the Company commits to purchase or sellthe asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.Financial assets \u2013 Initial recognitionAt initial recognition the Company measures a financial asset at its fair value. Except for cash and cash equivalents, the initial measurement of a financial asset is adjusted for directly attributable transaction cost. Transaction costs of financial assets carried at fair value through profit or loss (cash and cash equivalents) are expensed in profit or loss.Financial assets \u2013 Subsequent MeasurementsSubsequent measurement depends on the Company\u2019s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Company classifies itsdebt instruments: (i) Amortized cost, (ii) Fair value through profit or loss; and (iii) Fair value through other comprehensive income.The Company makes no use of derivative financial instruments. Besides cash and cash equivalents that are measured at fair value through profit or loss, the Company\u2019s receivables are measured at amortized costs. Interest income (if any) from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly inprofit or loss.Financial assets \u2013 ImpairmentThe Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Companyhas no trade receivables nor amounts due from customers for contract work including a significant finance component and is thereforeallowed to apply the simplified approach underIFRS 9, in which the credit losses are measuredusing a lifetime expected loss allowance for all trade receivables. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-84-6": { "value": "Financial assets \u2013 ImpairmentThe Company assesses on a forward-looking basis the expected credit losses associated with its financial instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. The Companyhas no trade receivables nor amounts due from customers for contract work including a significant finance component and is thereforeallowed to apply the simplified approach underIFRS 9, in which the credit losses are measuredusing a lifetime expected loss allowance for all trade receivables. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-71-4": { "value": "Financial liabilities - Recognition and measurementFinancial liabilities are recognized when the Company becomes a party to the contractual provisions of the financial instrument. The Company only has financial liabilities at amortized cost and makes no use of derivativefinancial instruments.Financial liabilities at amortized costsFinancial liabilities at amortized cost include trade and other payables. Trade and other payables are initially recognized at fair value equaling the amount required to be paid, less, when material, a discount to reduce the payables to fair value. Subsequently, trade and other payables are measured at amortized cost using the effective interest method. Trade and other payables are classified as current liabilities due to their short- term nature, exceptfor maturities greater than 12 months after theend of the reporting period. These are classifiedas non-current liabilities.Financial liabilities \u2013 DerecognitionThe Company derecognizes a financial liability when its contractual obligations are dischargedor cancelled or expire. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in the consolidated statement of comprehensive income.The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. However, when the cash flows of the modified liability are not substantially different, the Company (i) recalculates the amortized cost of the modifiedfinancial liability by discounting the modified contractual cash flows using the original effective interest rate and (ii) recognizes any adjustment in the consolidated statement of comprehensive income.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-85-5": { "value": "Financial liabilities \u2013 DerecognitionThe Company derecognizes a financial liability when its contractual obligations are dischargedor cancelled or expire. On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in the consolidated statement of comprehensive income.The Company also derecognizes a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. However, when the cash flows of the modified liability are not substantially different, the Company (i) recalculates the amortized cost of the modifiedfinancial liability by discounting the modified contractual cash flows using the original effective interest rate and (ii) recognizes any adjustment in the consolidated statement of comprehensive income.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-73-4": { "value": "Offsetting financial instrumentsFinancial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognized amounts and there is anintention to settle on a net basis or realize the asset and settle the liability simultaneously. TheCompany does not have any legally enforceableright to offset the recognized amounts in the balance sheet.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-77-3": { "value": "Trade and other receivables Trade and other receivables are amounts due from customers for products delivered and services performed in the ordinary course of business. If collection is expected in one year or less, they are classified as current assets. If not,they are presented as non-current assets. Tradereceivables are generally due for settlement immediately and therefore all classified as current assets.Trade receivables are recognized initially at theirtransaction price, the amount of consideration that is unconditional, unless they contain significant financing components when they arerecognized at fair value. They are subsequently measured at amortized cost using the effective interest method, less loss allowance. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-75-3": { "value": "Cash and cash equivalents For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits heldat call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Cash and cash equivalents aremeasured at fair value.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-76-3": { "value": "Share capital \u2013 Ordinary sharesAn ordinary share entitles its owner to a votingright and, only to extent so ultimately decided by the general meeting of the Company (the General Meeting), to dividends. ", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-78-3": { "value": "Trade and other payables These amounts represent liabilities provided tothe Company prior to the end of the financial year which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognizedinitially at their fair value. And subsequent measurement at amortized cost using the effective interest method.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-80-3": { "value": "Cash flow statement The cash flow statement has been prepared using the indirect method, whereby profit or loss is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments, and items of income or expense associated with investing or financing cash flows.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-81-3": { "value": "Segment reportingThe Company is engaged in the business of developing, producing and selling hollow fiber membrane modules. There is a strong interrelationship between the Company\u2019s different activities, hence Management reviewsthe overall business based on the Group\u2019s profitability.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-82-2": { "value": "Financial instruments andrisk managementFinancial Instrument classificationAs result of regular business practices, the Company holds positions in a variety of financial instruments. The financial instrumentsare presented in the balance sheet and consists of cash and cash equivalents, trade receivables and other receivables, trade payables and otherpayables.The Company does not use foreign exchange contracts and/or foreign exchange options and does not deal with such financial derivatives. On each balance date, financial instruments are reviewed to see whether or not an objective indication exists for the impairment of a financial asset or a group of financial assets.If an objective indication for impairment exists, the Company determines the amount ofimpairment losses and charges this amount to the consolidated statement of comprehensive income. As a result of the use of financial instruments, the Company incurs credit risks, liquidity risks and market risks.Risk managementThe Company\u2019s management board has the overall responsibility for the establishment and oversight of the Group\u2019s risk management framework. The Group\u2019s risk management policies are established to identify and analyze the risks faced by the Group, to set appropriaterisk limits and controls and to monitor risks andadherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions. Credit riskCredit risk is the risk of a financial loss in case acustomer does not comply with the contractualobligations. Credit risks are mainly incurred from receivables to customers. The Company executes a strict policy to minimize credit risks. To control these risks, the Company makes use of information from licensed credit agencies. If necessary, credit risks will be mitigated by the use of credit insurances, bank guarantees, prepayments and other insurances. Cash- and cash equivalents are placed by a number of banks. The Company determines thecredit risk of cash- and cash equivalents that are placed with these banks, by solely doing business with highly respectable banks. The Company evaluates the concentration risk with respect to trade receivables as medium. For the financial year 2022, one customer accounted for approximately 12% (2021: 19%) of the revenue of the sale of goods.Expected credit losses The Company has the following types of financial assets that are subject to the expected credit loss model:\u2022 Trade and other receivablesThe Company applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade and other receivables.To measure the expected credit losses, trade and other receivables have been grouped basedon shared credit risk characteristics and the days past due. The expected loss rates used at 31 December 2022 and 31 December 2021 are based on the payment profiles of sales over a period of 12 months of the preceding financial year and the corresponding historical credit losses experienced related to these sales. The historical loss rates are adjusted to reflect current and forward-looking information based on macro-economic factors affecting the ability of the customers to settle the receivables. The Company retrieves the latter from externally available information from credit rating agencies. Credit insured amounts are excluded from the determination of the lossallowance.On that basis, the loss allowance as of 31 December 2022 and 31 December 2021 was determined as follows for both trade and otherreceivables:In EUR \u2018000 31 December 2022 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 38%Gross carrying amount - trade receivables and other receivables 6,824 108 17 137 110Loss allowance - - - - 42In EUR \u2018000 31 December 2021 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 0%Gross carrying amount - trade receivables and other receivables 2,279 366 38 67 54Loss allowance - - - - -Trade and other receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Company and a failureto make contractual payments.Impairment losses on trade and other receivables are recognized in the consolidated statement of comprehensive income as a separate line item. Subsequent recoveries of amounts previously written off are credited against the same line item.Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations. The Company\u2019s approach to managing liquidityis to ensure that, as far as possible, it will always have sufficient liquidity to meet its obligations when they become due, avoiding unacceptable losses or damages to the Company\u2019s reputation. The Company monitorsits liquidity risk on an ongoing basis. In June 2021, NX Filtration became a publiclytraded company when it listed its ordinary shares on Euronext Amsterdam, raising \u20ac165million for inter alia the acceleration of its business plan. This provided the necessary funds for amongst others investing in pilot systems, expanding the organization, expanding the production capacity and fast-tracking its innovation agenda. As per 31 December 2022, the Company has \u20ac104.3 million cash available.In EUR \u2018000 31 December 2022 Less than 3 months Between 1 Over 3 months to 1 year and 5 years 5 years TotaTrade and other payables 4,988 - - - 4,988Lease liabilities 121 376 1,310 1 1,808Lease liabilities - Interest component 17 44 82 - 143Total non-derivatives 5,126 420 1,392 1 6,939In EUR \u2018000 31 December 2021 Less than 3 months Between 1 Over 3 months to 1 year and 5 years 5 years TotaTrade and other payables 4,748 206 - - 4,954Lease liabilities 78 240 994 82 1,394Lease liabilities - Interest component 13 35 77 2 127Total non-derivatives 4,839 481 1,071 84 6,475Note that the interest component of the lease liabilities in the table above reflects the undiscounted value of the future leasepayments.Market risk Foreign exchange riskThe Company does predominately business in the euro currency. Therefore, the currency risk is limited and largely concerns positions and (future) transactions in euros. Management hasdetermined, based on a risk assessment, that these currency risks do not need to be hedged. The Company\u2019s exposure to other foreign exchange movements is not significant and therefore no sensitivity analysis is included. Theconcentration risk is therefore considered low.Price risk The Company incurs price risks on the purchaseof (raw) materials for the difference between the market price at the time of the purchase and during the actual performance. Price risk iscurrently managed by agreeing on (long term) framework agreements with its suppliers. Withthe expected growing volume of purchase, the Company expects to be able to negotiate lowerprices for raw materials. In case the costs of raw materials and consumables increase with 2%, the impact on profit before tax is \u20ac61 thousand.Interest risk The Company is exposed to interest rate risk and cash flow risk on its current accounts. If interest rates on its cash and cash equivalent balances would decrease by 0.5%, the impact on profit before tax is \u20ac333 thousand. The tables below analyses the Company\u2019s financial liabilities on their contractual maturities for all non- derivative financial liabilities for which the contractual maturities are essential for an understanding of the timingof the cash flows.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-83-3": { "value": "Financial Instrument classificationAs result of regular business practices, the Company holds positions in a variety of financial instruments. The financial instrumentsare presented in the balance sheet and consists of cash and cash equivalents, trade receivables and other receivables, trade payables and otherpayables.The Company does not use foreign exchange contracts and/or foreign exchange options and does not deal with such financial derivatives. On each balance date, financial instruments are reviewed to see whether or not an objective indication exists for the impairment of a financial asset or a group of financial assets.If an objective indication for impairment exists, the Company determines the amount ofimpairment losses and charges this amount to the consolidated statement of comprehensive income. As a result of the use of financial instruments, the Company incurs credit risks, liquidity risks and market risks.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-88-3": { "value": "Credit riskCredit risk is the risk of a financial loss in case acustomer does not comply with the contractualobligations. Credit risks are mainly incurred from receivables to customers. The Company executes a strict policy to minimize credit risks. To control these risks, the Company makes use of information from licensed credit agencies. If necessary, credit risks will be mitigated by the use of credit insurances, bank guarantees, prepayments and other insurances. Cash- and cash equivalents are placed by a number of banks. The Company determines thecredit risk of cash- and cash equivalents that are placed with these banks, by solely doing business with highly respectable banks. The Company evaluates the concentration risk with respect to trade receivables as medium. For the financial year 2022, one customer accounted for approximately 12% (2021: 19%) of the revenue of the sale of goods.Expected credit losses The Company has the following types of financial assets that are subject to the expected credit loss model:\u2022 Trade and other receivablesThe Company applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade and other receivables.To measure the expected credit losses, trade and other receivables have been grouped basedon shared credit risk characteristics and the days past due. The expected loss rates used at 31 December 2022 and 31 December 2021 are based on the payment profiles of sales over a period of 12 months of the preceding financial year and the corresponding historical credit losses experienced related to these sales. The historical loss rates are adjusted to reflect current and forward-looking information based on macro-economic factors affecting the ability of the customers to settle the receivables. The Company retrieves the latter from externally available information from credit rating agencies. Credit insured amounts are excluded from the determination of the lossallowance.On that basis, the loss allowance as of 31 December 2022 and 31 December 2021 was determined as follows for both trade and otherreceivables:In EUR \u2018000 31 December 2022 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 38%Gross carrying amount - trade receivables and other receivables 6,824 108 17 137 110Loss allowance - - - - 42In EUR \u2018000 31 December 2021 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 0%Gross carrying amount - trade receivables and other receivables 2,279 366 38 67 54Loss allowance - - - - -Trade and other receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Company and a failureto make contractual payments.Impairment losses on trade and other receivables are recognized in the consolidated statement of comprehensive income as a separate line item. Subsequent recoveries of amounts previously written off are credited against the same line item.", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-89-4": { "value": "Expected credit losses The Company has the following types of financial assets that are subject to the expected credit loss model:\u2022 Trade and other receivablesThe Company applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade and other receivables.To measure the expected credit losses, trade and other receivables have been grouped basedon shared credit risk characteristics and the days past due. The expected loss rates used at 31 December 2022 and 31 December 2021 are based on the payment profiles of sales over a period of 12 months of the preceding financial year and the corresponding historical credit losses experienced related to these sales. The historical loss rates are adjusted to reflect current and forward-looking information based on macro-economic factors affecting the ability of the customers to settle the receivables. The Company retrieves the latter from externally available information from credit rating agencies. Credit insured amounts are excluded from the determination of the lossallowance.On that basis, the loss allowance as of 31 December 2022 and 31 December 2021 was determined as follows for both trade and otherreceivables:In EUR \u2018000 31 December 2022 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 38%Gross carrying amount - trade receivables and other receivables 6,824 108 17 137 110Loss allowance - - - - 42In EUR \u2018000 31 December 2021 Current Overdue Overdue Overdue Overdue & amount < 30 days 31 - 60 days 61 - 90 days 90 daExpected loss rate 0% 0% 0% 0% 0%Gross carrying amount - trade receivables and other receivables 2,279 366 38 67 54Loss allowance - - - - -Trade and other receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Company and a failureto make contractual payments.Impairment losses on trade and other receivables are recognized in the consolidated statement of comprehensive income as a separate line item. Subsequent recoveries of amounts previously written off are credited against the same line item.", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-93-3": { "value": "Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations. The Company\u2019s approach to managing liquidityis to ensure that, as far as possible, it will always have sufficient liquidity to meet its obligations when they become due, avoiding unacceptable losses or damages to the Company\u2019s reputation. The Company monitorsits liquidity risk on an ongoing basis. In June 2021, NX Filtration became a publiclytraded company when it listed its ordinary shares on Euronext Amsterdam, raising \u20ac165million for inter alia the acceleration of its business plan. This provided the necessary funds for amongst others investing in pilot systems, expanding the organization, expanding the production capacity and fast-tracking its innovation agenda. As per 31 December 2022, the Company has \u20ac104.3 million cash available.In EUR \u2018000 31 December 2022 Less than 3 months Between 1 Over 3 months to 1 year and 5 years 5 years TotaTrade and other payables 4,988 - - - 4,988Lease liabilities 121 376 1,310 1 1,808Lease liabilities - Interest component 17 44 82 - 143Total non-derivatives 5,126 420 1,392 1 6,939In EUR \u2018000 31 December 2021 Less than 3 months Between 1 Over 3 months to 1 year and 5 years 5 years TotaTrade and other payables 4,748 206 - - 4,954Lease liabilities 78 240 994 82 1,394Lease liabilities - Interest component 13 35 77 2 127Total non-derivatives 4,839 481 1,071 84 6,475Note that the interest component of the lease liabilities in the table above reflects the undiscounted value of the future leasepayments.The tables below analyses the Company\u2019s financial liabilities on their contractual maturities for all non- derivative financial liabilities for which the contractual maturities are essential for an understanding of the timingof the cash flows.", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-97-3": { "value": "Market risk Foreign exchange riskThe Company does predominately business in the euro currency. Therefore, the currency risk is limited and largely concerns positions and (future) transactions in euros. Management hasdetermined, based on a risk assessment, that these currency risks do not need to be hedged. The Company\u2019s exposure to other foreign exchange movements is not significant and therefore no sensitivity analysis is included. Theconcentration risk is therefore considered low.", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-103-2": { "value": "Critical accounting estimates and judgementsThe preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenues and expenses during the reported periods.The estimates and associated assumptions are based on historical experiences and various other factors that are believed to be reasonableunder the circumstances. Actual results may differ from these estimates.Development costs The capitalized development costs are based onmanagement judgements taken into account:\u2022 the technical feasibility to complete the product or system so that it will be available for use;\u2022 management intends to complete the product or system and use or sell it;\u2022 the ability to use or sell the product or system;\u2022 the availability of adequate technical, financial and other resources to complete the development.In determining the development costs to be capitalized, the Company estimates the expected future economic benefits of the respective product or system that is the result of a development project. Furthermore, management estimates the useful life of such product or system.Deferred tax assetsDeferred tax assets are recognised for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, unused tax losses and unused tax credits. The Group\u2019s deferred tax assets mainly relate to netoperating losses (tax losses) in the Netherlands.Deferred tax assets are recognised only to the extent that it is probable that sufficient taxable profit will be available against which those unused tax losses, unused tax credits or deductible temporary differences can be utilised. This assessment requires significant management judgements and assumptions and are inherently uncertain. The Management Board considered both negative and positive evidence in its evaluation of the probability thatsufficient taxable profits will be available in the medium-term. Under IAS 12 \u2013 Income taxes, the existence of unused tax losses is strong evidence that future taxable profit may not be available. In addition to that the Management Board also considered the fact that the Group does not expect to be profitable for the next few years. However, the Management Board considers the negative evidence for these purposes to be outweighed by positive evidenceevaluated. The Group expects to utilise its unused tax losses in the medium-term. The Group has no unrecognised deferred tax assets.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-101-3": { "value": "5 Fair value estimationAt 31 December 2022 and 31 December 2021, the Company\u2019s cash and cash equivalents are measured at fair value. The carrying amounts of trade and other receivables and trade and other payables approximated their fair values due to the short-term maturities of these assets and liabilities.Fair value is defined as the price that would be received for sale of an asset or paid for transferof a liability, in an orderly transaction between market participants at the measurement date. IFRS establishes a three tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-98-2": { "value": "4Capital managementThe Company\u2019s objectives when managing capital is to safeguard the Company\u2019s ability to continue as a going concern and maintain anoptimal capital structure to reduce the cost of capital. The table below provides an analysis of net debt and the movements in net debt for each of the periods presented. In EUR \u2018000 Cash and bank overdrafts Lease liabilities Net debtAt 1 January 2021: 6,599 (1,186) 5,413Cash flows 126,834 - 126,834New leases - (430) (430)Other changes - 222 222Net debt - 31 December 2021 133,433 (1,394) 132,039 Cash flows (29,159) - (29,159)New leases - (655) (655)Other changes - 241 241Net debt - 31 December 2022 104,274 (1,808) 102,466Other changes comprise a non-cash movementand relates to effective interest accounting on lease liabilities. ", "dimensions": { "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-113-2": { "value": "Other incomeSet out below is the disaggregation of theCompany\u2019s other income:In EUR \u2018000 2022 2021Government grants 338 616Pilot income 400 192Other 70 88Total other income 808 896Government grants comprises of the several government grants received for the Company\u2019sresearch & development activities in the field of water filtration. NX Filtration has fulfilled all conditions relating to government grants attime of recognition. Pilot income relates to rental income from pilotequipment.10Operating costs The operating costs can be divided into thefollowing cost categories:In EUR \u2018000 2022 2021Housing expenses 998 500Other personnel expenses 1,077 347Administrative expenses 1,277 10,177Selling expenses 1,450 747Operating expenses 800 331Total operating costs 5,602 12,102In 2021, administrative expenses include \u20ac9,585thousand IPO related transaction costs.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-113-3": { "value": "Other incomeSet out below is the disaggregation of theCompany\u2019s other income:In EUR \u2018000 2022 2021Government grants 338 616Pilot income 400 192Other 70 88Total other income 808 896Government grants comprises of the several government grants received for the Company\u2019sresearch & development activities in the field of water filtration. NX Filtration has fulfilled all conditions relating to government grants attime of recognition. Pilot income relates to rental income from pilotequipment.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-116-4": { "value": "Government grants comprises of the several government grants received for the Company\u2019sresearch & development activities in the field of water filtration. NX Filtration has fulfilled all conditions relating to government grants attime of recognition. ", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-118-2": { "value": "Personnel expenIn EUR \u2018000 2022 2021Salaries and wages 7,937 3,023Social security contributions 716 116Pension contributions 222 104External personnel cost 578 821Capitalised personnel expenses (1,090) (231)Total personnel expenses 8,363 3,833Pensions The Company has a defined contribution scheme for certain key employees, in which the pension contribution is predetermined andbased on the gross salary and the age of the individual employee. Furthermore, the Companyhas a defined contribution scheme for the otheremployees, in which the pension contribution is predetermined and based on the gross salary only. Both schemes limit the Group\u2019s legal obligation to the amount it agrees to contributeduring the period of employment. The assets of the plans are held separately from those of the Company in funds under the control of pension insurance companies.The average annual net premium contribution for 2022 is 3.8% (2021: 4.3%). The pension contributions are paid on a monthly basis to the pension fund. The net contribution for 2022 amounts to \u20ac222 thousand (\u20ac97 thousand in 2021). The premium payable during the financial year is charged to the consolidated statement of comprehensive income and is classified as costs of personnel.Aside from premium payables, the Company does not have any additional obligations in respect to the pension schemes.", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-120-2": { "value": "The number of FTEs per year-end are: 2022 2021Direct employees 52 31Indirect employees 83 38Total FTE 135 69A total of 18 (2021: 8) employees are employed outside the Netherlands.", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-123-3": { "value": "10Operating costs The operating costs can be divided into thefollowing cost categories:In EUR \u2018000 2022 2021Housing expenses 998 500Other personnel expenses 1,077 347Administrative expenses 1,277 10,177Selling expenses 1,450 747Operating expenses 800 331Total operating costs 5,602 12,102In 2021, administrative expenses include \u20ac9,585thousand IPO related transaction costs.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-109-2": { "value": "7Revenue from sale of goodsThe Company\u2019s revenue originates from saleof products. The Company recognizes all its revenue at a point in time, when control overthe asset is transferred to the customer. Set out below is the disaggregation of the Company\u2019s revenue with customers:In EUR \u2018000 2022 2021Type of markets Sustainable Industrial Water 4,977 2,072Clean Municipal Water 2,569 1,101Total revenues from sale of goods 7,546 3,173Revenue from sale of goods by region based on the destination of products and location ofprojects:In EUR \u2018000 2022 2021Geographical split The Netherlands 154 189Europe (excluding the Netherlands) 2,849 893North America 1,518 575Asia 2,262 1,325Rest of World 763 191Total revenues from sale of goods 7,546 3,173", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-138-2": { "value": "External research &development costsIn EUR \u2018000 2022 2021Gross external R&D costs 1,059 740Capitalized external R&D costs (216) (493)Total external research & development costs (net) 843 247To maintain its technological leadership position, NX Filtration continuously invests in its research and development activities for further improvement of existing products and development of new products. Gross research and development costs, including R&D salaries in 2022 amounted to \u20ac2.5 million (2021: \u20ac1.7 million). Development costs that are directly attributable to the design and testing of identifiable and unique products and systems controlled by the Company are recognised as intangible assets and are capitalised as part of the product. Other research and development expenditures are recognised as an expense as incurred.NX Filtration currently relies on its commerciallyready and available product ranges with provenapplications. Going forward, the Company\u2019s strategy is to build further on this technology and make the technology available towards different applications and markets, which may require additional product development costs infuture periods.", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-126-2": { "value": "Share-based paymentsDepositary ReceiptsSince the incorporation of the Company in 2016, eligible and selected employees and directors have been provided with the opportunity to invest in ordinary shares in the capital of the Company by acquiring DepositaryReceipts (\u201cDRs\u201d) issued by a foundation that is controlled by the majority shareholder. The DRsare not freely transferable and, under certain circumstances, the majority shareholder may require a participant to sell DRs to a party designated by the majority shareholder. If a participant voluntarily leaves the Company prior to the end of the vesting period, he/she is not entitled to the full fair market value. As a result, the IFRS 2 fair value will have to be allocated to the vesting tranches.The share participation arrangement is accounted for as an equity-settled share-based arrangement since the Company and its subsidiaries do not have an obligation to settle or to repurchase any DRs from the participants.Each DR issued by the foundation represents one ordinary share in the capital of the Company. The number of outstanding DRs held by employees of the Group are as follows: 2022 2021Outstanding at 1 January 3,792,094 644,656Granted (purchased) during the year - -Ordinary share split per 26 May 2021 - 3,147,438Forfeited (repurchased) during the year - -Outstanding shares at 31 December 3,792,094 3,792,094See note 24 for further details in respect of the ordinary share split at 26 May 2021. As the Company\u2019s ordinary shares were not listed at the grant date, the fair value of the ordinary shares has been estimated by the Company as of each date a participant indirectly acquired shares in the Company. For accounting purposes, the fair value of an award is equal to the fair market value of the underlying ordinaryshares at the grant date less the acquisition price paid by a participant for the DRs. Given that the participants have paid the estimated fair market value of the underlying shares as of each grant date, the fair value of the share-based payment awards is nil. Long-term incentive plan \u2013 Key employeesThe Management Board of NX recognises the importance of its key employees to the future success of the Company. Therefore, on 26 May 2021, a long-term incentive plan (\u2018LTIP Key employees\u2019) was introduced for a number of designated employees within the group of the Company. The following grants, comprising of Ordinary Shares in the Company, have been made underthis plan: Number of ExerciseGrant date Awards granted Price1 January 2022 6,982 Nil1 February 2022 788 NilThe conditional rights to acquire existing Ordinary Shares granted will be exercisable in exchange for Ordinary Shares on the day that is four years after the grant date, on the condition that the relevant employee of NX Filtration continues to be employed by the Company on this date (subject to certain arrangements for exceptional circumstances, such as death of the employee). Besides the aforementioned service vesting condition no other vesting conditions are applicable for the LTIP Key employees.Long-term incentive plan \u2013 Board of DirectorsAs part of the newly introduced remuneration policy, which has been adopted by the general meeting of shareholders on 11 June 2021, a long-term incentive plan for the Board of Directors (\u2018LTIP Board of Directors\u2019) was introduced in order to increase the alignment between shareholder\u2019s interest and the interestof the Board of Directors. The following grants, comprising of Ordinary Shares in the Company, have been made under this plan:Grant date Number of Exercise Awards granted Price20 May 2022 8,296 NiThe conditional rights to acquire existing Ordinary Shares granted will be exercisable in exchange for Ordinary Shares on the day that is three years after inception of the service and performance period, subject to continued employment as a member of the Board of Directors and certain non-market based performance vesting conditions.The service and performance period are starting on the 1st of January of the applicablefinancial year, in which the grant has been made. Besides the aforementioned service and performance vesting conditions there is one additional condition in place, which is an two year holding period for the Board of Directors after vesting date. Summary of changes in outstanding sharesChanges in outstanding shares for the period: LTIP Key LTIP Management employees Board1 January 2022 - -Granted 7,770 8,296Forfeited (427) -Exercised - -Expired - -31 December 2022 7,343 8,296None of the outstanding shares related to the LTIP Key employees and LTIP Board of Directorsare exercisable at 31 December 2022.Fair value measurementThe Company used the Black & Scholes model to determine the fair value of the share-based payments plans at grant date. The market price of the Company\u2019s Ordinary Shares for the different plans at grant date was: Grant dateShare award plan Grant date fair valueLTIP Key employees 1 January 2022 10,84LTIP Key employees 1 February 2022 10,84LTIP Management Board 20 May 2022 11,08 The present value for expected dividend over the vesting period for all plans is nil because the Company has currently no intention to distribute dividends in the foreseeable future in order to be able to further invest in the growth of the Company. Consequently and in conjunction with an exercise price of nil, both the expected volatility and risk-free-rate haveno impact on the fair value determination at grant date. Share-based payment expensesShare-based payment expenses recognised as other operating costs in the statement of comprehensive income:In EUR \u2018000 2022 2021LTIP Key employees 18 -LTIP Management Board 18 -Finance expenses 36 -", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-144-2": { "value": "Finance expensesIn EUR \u2018000 2022 2021Interest expenses related to lease liabilities 61 46Other interest expenses 228 381Finance expenses 289 427Interest expense related to lease liabilities is theresult of application of IFRS 16.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-144-3": { "value": "Finance expensesIn EUR \u2018000 2022 2021Interest expenses related to lease liabilities 61 46Other interest expenses 228 381Finance expenses 289 427Interest expense related to lease liabilities is theresult of application of IFRS 16.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-152-2": { "value": "Earnings per share 2022 2021Net loss attributable to equity holders (in EUR \u2018000) (8,642) (11,354)Outstanding number of shares for the basic earnings per share as at 1 January 50,000,000 35,000,000Effect of issued ordinary shares in 2021 8,095,890Weighted-average number of shares outstanding for the purpose of basic earnings per share 50,000,000 43,095,890Incremental shares fror assumed conversion - -Weighted-average number of shares outstanding for the purpose of diluted earnings per share 50,000,000 43,095,890Note that the 2021 opening balance and prioryear number of outstanding shares have beenadjusted to reflect the impact of the ordinaryshare split as per 26 May 2021 as disclosed in note 24.", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-155-2": { "value": "16Remuneration of the Management Board and the Supervisory BoardThe total amount of remuneration of the Managing Directors for the financial year 2022 comprised \u20ac649,281 (2021: \u20ac302,971). For the financial year 2022, the total amount of remuneration of Mr Michiel Staatsen comprised \u20ac179,577 (2021: \u20ac153,023). For the financial year 2022, the total remuneration of Mr Erik Roesink comprised \u20ac166,894 (2021: \u20ac143,253). For the financial year 2022, the totalremuneration of Mr Marc Luttikhuis comprised \u20ac302,810. His short-term incentive in cash amounted to \u20ac36,550 and the conditional award under the Long-Term Incentive Plan amounted to \u20ac18,939. In addition, majority shareholder Infestos Holding E B.V. (an Infestos affiliate) has facilitated a sign-on equity incentive with Mr Marc Luttikhuis. For these purposes, Infestos Holding E B.V. has transferred a number of ordinary shares in the Company to the Company for no consideration, with a value of EUR 300,000. These ordinary shares have been delivered to a designated securities account and are subject to customary lock-up provisions. The lock-up of the ordinary shares under the sign-on equity incentive will be three years where 1/3 of the ordinary shares will be released each year and the leaver provisions provide for a re-delivery of the ordinary shares in case of a bad-leaver. The Management Board collectively holds 2,800,000 DRs (see note 12) in the share capitalof the Company, of which Mr Michiel Staatsen holds 1,050,000 DRs and Mr Erik Roesink 1,750,000 DRs. These DRs are subject to lock-up restrictions. The DRs will be released from the lock-up restrictions as follows: one-third of the DRs will be unconditionally released from the lock-up restrictions on the day that is one year after the IPO date which is 11 June 2021, one-third of the DRs on the day that is two years after the IPO date, and the remaining one-third of the DRs on the day that is three years after the IPO date, in each case on the condition that the relevant board member continues to be employed by the Company.The compensation for Ms Carolina Wielinga, chair of the Supervisory Board for the financial year 2022 amounts to \u20ac50,000 (2021: \u20ac27,652) and the compensation for Mr Benno van Dongen amounts to \u20ac30,000 (2021: \u20ac16,591). Mr John Glorie is employed by Infestos Nederland and does not receive compensation for his Supervisory Board activities.", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-147-2": { "value": "14Income tax benefitThis note provides an analysis of the Company\u2019sincome tax expense, showing how the tax expense is affected by non-deductible items.In EUR \u2018000 2022 2021Current tax Current tax on profits for the year - -Adjustments for previous years - -Total current tax (expense) benefit - -Deferred income tax Income tax on operations 3,071 3,708Change in tax rates 182 79Total deferred tax benefit 3,253 3,787Total income tax benefit 3,253 3,787The tax on the Company\u2019s loss before tax differs from the statutory amount that wouldarise using the tax rate applicable to losses ofthe entity. The reconciliation of the effective tax rate is as follows:In EUR \u2018000 2022 2021Result from operations (8,642) (11,354)Total income tax 3,253 3,787Loss before income tax (11,895) (15,141) Tax calculated based on Dutch tax rate 25.8% 25.0% Tax effect of: Adjustments for previous years 0.0% -0.1%Effect of tax rates in other countries 0.0% 0.0%Non-taxable expenses 0.0% -0.4%Change in tax rates 1.5% 0.5%Other differences 0.0% 0.0%Effective tax rate 27. 3% 25.0% The change in tax rates is driven by change in the enacted Dutch tax rates for the fiscal years2022 and further. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-162-2": { "value": "18Property, plant and equipment The movement in property, plant and equipment during the years was as follows: Machinery and Pilot Assets under In EUR \u2018000 Land & buildings equipment equipment construction TotaAt 1 January 2021 Cost - 3,272 243 - 3,515Accumulated impairments and depreciation - (1,226) (43) - (1,269)Net book value - 2,046 200 - 2,246 Year ended 31 December 2021 Opening net book value - 2,046 200 - 2,246Additions 223 2,136 2,428 2,985 7,772Disposal - (36) (31) - (67)Depreciation for the year - (658) (179) - (837)Depreciation of disposal - 31 5 - 36Closing net book value 223 3,519 2,423 2,985 9,150 At 31 December 2021 Cost 223 5,372 2,640 2,985 11,220Accumulated impairments and depreciation - (1,853) (217) - (2,070)Net book value 223 3,519 2,423 2,985 9,150 Year ended 31 December 2022 Opening net book value 223 3,519 2,423 2,985 9,150Additions - 513 - 11,140 11,653Reclassification assets under construction 3,825 3,591 4,568 (11,984) -Disposal - (75) (177) - (252)Depreciation for the year (47) (1,216) (834) - (2,097)Depreciation of disposal - 58 23 - 81Closing net book value 4,001 6,390 6,003 2,141 18,535 At 31 December 2022 Cost 4,048 9,401 7,031 2,141 22,621Accumulated impairments and amortization (47) (3,011) (1,028) - (4,086)Net book value 4,001 6,390 6,003 2,141 18,535The Company\u2019s additions to Land & Buildings mainly relate to the purchase of a plot of land in Hengelo, the Netherlands for the realizationof a new state-of-the art megafactory for the production of our direct nanofiltration membranes. The additions to machinery and equipment mainly relate to expansion of the Company\u2019s production capacity. The additions to pilot equipment mainly relate to the expansion of its pilot fleet. The depreciationaccounting policies for PP&E are included in thesection accounting policies of the Company.", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-157-2": { "value": "17Intangible assetsThe movement in intangible assets during theyears was as follows: Concessions and rights ofIn EUR \u2018000 Development costs intellectual property Software TotaAt 1 January 2021 Cost 1,426 233 - 1,659Accumulated impairments and amortisation (295) (64) - (359)Net book value 1,131 169 - 1,300 Year ended 31 December 2021 Opening net book value 1,131 169 - 1,300Additions 741 31 72 844Acquisitions - - - -Amortisation for the year (290) (25) - (315)Consolidation and deconsolidation - - - -Closing net book value 1,582 175 72 1,829 At 31 December 2021 Cost 2,167 264 72 2,503Accumulated impairments and amortization (585) (89) - (674)Net book value 1,582 175 72 1,829 Year ended 31 December 2022 Opening net book value 1,582 175 72 1,829Additions 914 11 92 1,017Acquisitions - - - -Amortisation for the year (435) (28) (27) (490)Consolidation and deconsolidation (3) - - (3)Closing net book value 2,058 158 137 2,353 At 31 December 2022 Cost 3,078 275 164 3,517Accumulated impairments and amortization (1,020) (117) (27) (1,164)Net book value 2,058 158 137 2,353Development costsAdditions to intangible fixed assets relate to internal development projects for new productsor systems or development projects for new features to existing products and systems.Concessions and rights of intellectual property Additions for concessions and rights of intellectual property relate to payments made to the patent office for the filing process of theCompany\u2019s patents and intellectual property rights.Software Additions to software relate to externally acquired programs and software for amongst others sales, engineering and datamanagement. ", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-166-2": { "value": "Right-of-use assetsThe movement in the right-of-use assets duringthe years was as follows:In EUR \u2018000 2022 2021At 1 January Cost 1,782 1,352Accumulated depreciation (426) (188)Net book value 1,356 1,164 Additions 655 430Other / remeasurement 166 -Disposals (18) -Depreciation of disposals 18 -Depreciation for the year (424) (238)Net book value at 31 December 1,753 1,356Total gross right-of-use assets: 31 December 31 DecemberIn EUR \u2018000 2022 2021Buildings 1,863 1,320Vehicles 682 448Fork-lift truck 40 14Total gross right-of-use assets 2,585 1,782Total depreciation charge right-of-use assetsIn EUR \u2018000 2022 2021Buildings 267 177Vehicles 152 57Fork-lift truck 5 4Total depreciation charge 424 238Interest expense (included in finance cost) 61 46The total cash outflow for leases in 2022 was\u20ac462 thousand (2021: \u20ac268 thousand).25 Lease liabilitiesThe Company leases several assets, which can be combined into the asset classes: (i) Buildings, (ii) Equipment and (iii) Vehicles. These contracts are typically entered into for a period between 3 to 5 years, but some leases may include renewal and/or terminationoptions. 31 December 31 DecemberIn EUR \u2018000 2022 2021Buildings 1,313 1,042Equipment 22 -Vehicles 473 352Total 1,808 1,394The maturity of the lease liabilities can bespecified as follows: Repayment Remaining term Remaining obligation in >1 year teIn EUR \u2018000 31 December 2022 2023 and <5 year >5Buildings 1,313 326 987 -Equipment 22 4 17 1Vehicles 473 167 306 -Total 1,808 497 1,310 1Right-of-use assetsRight-of-use assets related to leases that do not meet the definition of investment property are presented as property, plant and equipment. The Company has no right-of-use assets that meet the definition of investment property.Amounts recognized in the statement of comprehensive income and cash flowsBesides the interest expenses related to lease liabilities and depreciation charges on right-of-use assets as disclosed in Note 13 and Note 19,respectively, the Company recognized in 2022 within the statement of comprehensive income\u20ac7 thousand (2021: \u20ac11 thousand) relating to low value leases.Extension and termination optionsThe Company has contracts within the building asset class that include renewal and termination options or a combination of both. At 31 December 2022 and 31 December2021 the renewal options are included in the measurement of the lease liabilities, no termination options are included.", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-175-2": { "value": "Deferred tax assets 31 December 31 DecemberIn EUR \u2018000 2022 2021Deferred tax assets Timing differences 13 9Carry forward losses 8,947 5,699Total 8,960 5,708 Of which: Current (<1 year) 13 Non-current (>1 year) 8,947 5,6As of December 31, 2022, the amount of tax losses that can be offset in the future amounts to \u20ac34.7 million (\u20ac22.8 million per December 31, 2021). There are no tax losses for which no deferred tax asset has been recognized.A deferred tax asset has been recognized for these tax losses that have been valued at the nominal tax rate of 25.8% (being the estimatedblended rate as from 2022).", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-178-2": { "value": "Inventories 31 December 31 DecemberIn EUR \u2018000 2022 2021Raw materials 2,186 1,503Semi finished goods 1,428 738Finished goods 1,976 898Work in progress 715 73Total 6,305 3,212During 2022 no inventories were written down tonet realizable value (31 December 2021: \u20ac nil).", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-181-2": { "value": "Trade and otherreceivables 31 December 31 DecemberIn EUR \u2018000 2022 2021Trade receivables 3,989 833Less: loss allowance (42) -Trade receivables - net 3,947 833Prepaid expenses 1,013 318Other taxes 1,035 1,080Other receivables 1,159 573 7,154 2,804Less non-current portion - -Current portion 7,154 2,804The fair value of the receivables approximatesthe carrying amounts. No breakdown of the fair values of trade and other receivables and the non-current portion of the receivables has been included as the differences betweenthe carrying amounts and the fair values are insignificant.As at 31 December 2022 and 31 December 2021 all receivables are denominated in euro currency. Information about the Company\u2019s exposure to credit and market risks, and impairment losses for trade and other receivables is included in note 3 \u2018Financial instruments and risk management\u2019. ", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-184-2": { "value": "Cash and cash equivalents 31 December 31 DecemberIn EUR \u2018000 2022 2021Cash and cash equivalents 104,274 133,433Total 104,274 133,433The cash and cash equivalents are freelydisposable to the Company. ", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-187-2": { "value": "EquityOrdinary sharesThe movement of the ordinary shares in 2022and 2021 is outlined in the tables below. Number of Par value Share premium Total ordinary shares EUR \u2018000 EUR \u2018000 EUR \u2018000Opening balance 1 January 2021 5,950,000 5,950 - 5,950Share split 29,050,000 (5,600) 5,600 -Share issuance 15,000,000 150 164,850 165,000Balance 31 December 2021 50,000,000 500 170,450 170,950Share split - - - -Share issuance - - - -Balance 31 December 2022 50,000,000 500 170,450 170,950On 26 May 2021 and pursuant to a notarial deed of amendment of the Articles of Association, the ordinary shares with a value of \u20ac1.00 have been split into an aggregate amount of 35,000,000 ordinary shares, each with a nominal value \u20ac0.01, as a result of whichthe Company\u2019s issued capital amounted to \u20ac350,000 divided into 35,000,000 ordinary shares, at such time. The difference between the aggregate nominal value of the ordinary shares before and after this stock split was added to the share premium reserve of the Company. These outstanding ordinary shares are fully paid-up.Pursuant to a deed of amendment and conversion executed on 11 June 2021, the authorized capital (maatschappelijk kapitaal) of NX Filtration N.V. amounts to \u20ac1,750,000 divided into 175,000,000 ordinary shares.On 15 June 2021, the Company issued 15,000,000 ordinary shares against an issue price of \u20ac11.00, each with a nominal value of \u20ac0.01, as a result of which the Company\u2019s current issued capital amounts to \u20ac500,000 divided into 50,000,000 Ordinary Shares.The share premium reserve relates to contribution on issued shares in excess of the nominal value of the shares (above par value).Preference sharesThe movement of the preference shares in 2022and 2021 is outlined in the tables below. Number of Par value Share premium Total preference shares EUR \u2018000 EUR \u2018000 EUR \u2018000Opening balance 1 January 2021 46,902 47 13,378 13,425Shares cancellation (46,902) (47) (13,378) (13,425)Balance 31 December 2021 - - - -Shares cancellation - - - -Balance 31 December 2022 - - - -On 15 June 2021, the Company repaid and cancelled all of the outstanding preference shares including payment of the cumulative interest accrued thereon. The total repaid amounts to \u20ac15.8 million, including \u20ac2.4 millionof accrued interest. Preference shares were shares with voting rights that entitled their owners to a fixed 7% dividend per annum for Preference Shares A and a fixed 9% per annum for the other Preference Share classes. Preference shares are considered as a part of equity, since holders of ordinary shares decide at the General Meeting whether dividends will be paid out to preference shareholders or not. Only in case of a dividend distribution, preference shareholders first receive a return on their investment. Subsequently the ordinaryshareholders receive a return, therefore the dividend on preference shares are discretionaryand non-contractual in nature.Provision is made for the amount of any dividend declared, being appropriately authorized and no longer at the discretion of the entity, on or before the end of the reportingperiod but not distributed at the end of the reporting period.Loss for the period The proposal to the General Meeting is that the2022 loss for the period will be recognized in retained earnings.Retained earningsThe retained earnings are restricted due to a legal reserve for capitalized development costs of \u20ac2.1 million (31 December 2021: \u20ac1.6 million)which is not available for distribution.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-188-3": { "value": "Ordinary sharesThe movement of the ordinary shares in 2022and 2021 is outlined in the tables below. Number of Par value Share premium Total ordinary shares EUR \u2018000 EUR \u2018000 EUR \u2018000Opening balance 1 January 2021 5,950,000 5,950 - 5,950Share split 29,050,000 (5,600) 5,600 -Share issuance 15,000,000 150 164,850 165,000Balance 31 December 2021 50,000,000 500 170,450 170,950Share split - - - -Share issuance - - - -Balance 31 December 2022 50,000,000 500 170,450 170,950On 26 May 2021 and pursuant to a notarial deed of amendment of the Articles of Association, the ordinary shares with a value of \u20ac1.00 have been split into an aggregate amount of 35,000,000 ordinary shares, each with a nominal value \u20ac0.01, as a result of whichthe Company\u2019s issued capital amounted to \u20ac350,000 divided into 35,000,000 ordinary shares, at such time. The difference between the aggregate nominal value of the ordinary shares before and after this stock split was added to the share premium reserve of the Company. These outstanding ordinary shares are fully paid-up.Pursuant to a deed of amendment and conversion executed on 11 June 2021, the authorized capital (maatschappelijk kapitaal) of NX Filtration N.V. amounts to \u20ac1,750,000 divided into 175,000,000 ordinary shares.On 15 June 2021, the Company issued 15,000,000 ordinary shares against an issue price of \u20ac11.00, each with a nominal value of \u20ac0.01, as a result of which the Company\u2019s current issued capital amounts to \u20ac500,000 divided into 50,000,000 Ordinary Shares.The share premium reserve relates to contribution on issued shares in excess of the nominal value of the shares (above par value).", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-196-3": { "value": "Retained earningsThe retained earnings are restricted due to a legal reserve for capitalized development costs of \u20ac2.1 million (31 December 2021: \u20ac1.6 million)which is not available for distribution.", "dimensions": { "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-203-2": { "value": "Trade and other payables 31 December 31 DecemberIn EUR \u2018000 2022 2021Trade payables 3,029 3,677Tax payables 231 125Employee benefits 449 203Payments received in advance 159 162Other liabilities 1,120 787Total 4,988 4,954All current liabilities fall due in less than one year. The fair value of the current liabilities approximates the carrying amount due to its short-term character. The entire amount of payments received in advance has been recognized as income in the subsequent period.As at 31 December 2022 and 31 December 2021all payables are denominated in euro currency.", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-209-2": { "value": "27Contingencies and commitments Capital Expenditure CommitmentsNX Filtration B.V. and NX Filtration Real Estate B.V. has signed a number of purchase contracts related to buildings, machinery and equipment capital expenditures, amounting to \u20ac45.9 million(2021: \u20ac1.7 million).", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-209-3": { "value": "27Contingencies and commitments Capital Expenditure CommitmentsNX Filtration B.V. and NX Filtration Real Estate B.V. has signed a number of purchase contracts related to buildings, machinery and equipment capital expenditures, amounting to \u20ac45.9 million(2021: \u20ac1.7 million).", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-209-4": { "value": "27Contingencies and commitments Capital Expenditure CommitmentsNX Filtration B.V. and NX Filtration Real Estate B.V. has signed a number of purchase contracts related to buildings, machinery and equipment capital expenditures, amounting to \u20ac45.9 million(2021: \u20ac1.7 million).", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-208-2": { "value": "29Events after the end of thereporting periodNo such events to report.", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-206-2": { "value": "28Related party transactionsAll legal entities that can be controlled, jointly controlled or significantly influenced are considered to be a related party. Also, entities which can control, jointly control or significantlyinfluence the Company are considered a relatedparty. In addition, statutory and supervisory directors and close relatives are regarded as related parties.The following transactions were carried out with related parties:\u2022 Key management compensation, as furtherdisclosed in note 16 above; \u2022 Management fee to Infestos Holding E B.V, based on the consultancy agreement between Infestos Holding E B.V. and NX Filtration as entered into on the date of IPOin the amount of \u20ac150 thousand;\u2022 The agreement between Infestos Holding E B.V. and the Company on a sign-on equity incentive with Mr Marc Luttikhuis. All these transactions are made on terms equivalent to those that prevail in arm\u2019s length transactions.", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } }, "pp-value-210-2": { "value": "Company balance sheet as at 31 December 2022Before profit allocationIn EUR \u2018000 Notes 31 December 2022 31 December 2021AssetsNon-current assetsIntangible assets 3 2,216 1,757Financial fixed assets 4 47,813 516Deferred tax assets 5 8,947 5,699Total non-current assets 58,976 7,972 Current assetsReceivables 92 35Receivable from group companies - 32,065Cash and Cash Equivalents 6 90,370 111,617Total current assets 90,462 143,717Total assets 149,438 151,689Equity and liabilitiesShareholders\u2019 equityIssued share capital 500 500Share premium 170,450 170,450Legal and statutory reserves 7 2,058 1,582Other reserves 7 (21,828) (10,034)Result for the period (8,642) (11,354)Total equity 142,538 151,144Current liabilitiesTrade and other payables 31 320Payable to group companies 6,647 -Other payables 222 225Total current liabilities 6,900 545Total equity and liabilities 149,438 151,689Company income statement for the year ended 31 December 2022In EUR \u2018000 Notes 2022 2021 Revenue 8 53 53Amortization of intangible assets 3 (463) (315)Personnel expenses (751) (236)General expenses 10 (577) (9,841)Operating loss (1,738) (10,339)Finance income 11 140 124Finance expenses 12 (199) (352)Finance expenses (net) (59) (228)Loss before income tax (1,797) (10,567)Income tax benefit 5 646 2.653Share of net loss of investments in subsidiaries 4 (7,491) (3,440)Loss for the period after income tax (8,642) (11,354)NotesGeneral informationThe company financial statements are part of the consolidated financial statements of NX Filtration N.V. (the Company).1Basis of preparation The Company financial statements of NX Filtration N.V. have been prepared in accordance with Part 9, Book 2 of the Dutch Civil Code. In accordance with sub 8 of article 362, Book 2 of the Dutch Civil Code, the Company financial statements are prepared based on the accounting principles of recognition, measurement and determination of profit, as applied in the consolidated financial statements. These principles also include the classification and presentation of financial instruments, being equity instrumentsor financial liabilities. In case no other policies are mentioned, refer to the accounting policies as described in the accounting policies in the consolidated financial statements of this Annual report. For an appropriate interpretation, the company financial statements of NX Filtration N.V. should be read in conjunction with the consolidated financial statements. All amounts are presented in euro and have been rounded to the nearest thousand, unless stated otherwise. The balance sheet and income statement include references. These refer to the notes. The current financial year covers the period 1 January 2022 until 31 December 2022. The previous financial year covers the period 1 January 2021 until 31 December 2021. 2Critical accounting policiesInvestments in subsidiariesSubsidiaries are all entities (including intermediate subsidiaries) over which the Company has control. The Company controls an entity when it is exposed, or has rights, to variable returns from its involvement with the subsidiary and has the ability to affect those returns through its power over the subsidiary. Subsidiaries are recognized from the date on which control is transferred to the Company or its intermediate holding entities. They are derecognized from the date that control ceases. Investments in subsidiaries are measured at net asset value. Net asset value is based on the measurement of assets, provisions and liabilities and determination of profit based on the principles applied in the consolidated financial statements. In case of a negative net equity value of a subsidiary, the negative value is initially deducted from loans due from the respective subsidiary, if any, and subsequently accounted for as a provision for loss making subsidiaries.3 Intangible assetsThe movement in intangible assets during theyear was as follows: Concessions and rights ofIn EUR \u2018000 Development costs intellectual property TotalAt 1 January 2021 Cost 1,426 233 1,659Accumulated impairments and amortisation (295) (64) (359)Net book value 1,131 169 1,300Year ended 31 December 2021 Opening net book value 1,131 169 1,300Additions 741 31 772Acquisitions - - -Amortisation for the year (290) (25) (315)Consolidation and deconsolidation - - -Closing net book value 1,582 175 1,757 At 31 December 2021 Cost 2,167 264 2,431Accumulated impairments and amortization (585) (89) (674)Net book value 1,582 175 1,757 Year ended 31 December 2022 Opening net book value 1,582 175 1,757Additions 914 11 925Acquisitions - - -Amortisation for the year (435) (28) (463)Consolidation and deconsolidation (3) - (3)Closing net book value 2,058 158 2,216 At 31 December 2022 Cost 3,078 275 3.353Accumulated impairments and amortization (1,020) (117) (1,137)Net book value 2,058 158 2,216Amortization rates: %Development costs 20%Concessions and rights of intellectual property 10%Financial fixed assetsThe movement in the financial fixed assetsduring the years was as follows:In EUR \u2018000 in subsidiaries Loans receivable TotalAt 1 January 2021 (5,794) 9,750 3,956Investment/ changes - - -Share of net loss (3,440) - (3,440) (9,234) 9,750 516Provision 9,234 (9,234) -At 31 December 2021 - 516 516 At 1 January 2022 (9,234) 9,750 516Investment/ changes 64,541 (9,750) 54,791Share of net loss (7,491) - (7,491)Other movements (3) - (3) 47,813 - 47,813Provision - - -At 31 December 2022 47,813 - 47,813 Share in issued share capital at Share in issued share capital at 31 December 2022 31 December 2021NX Filtration B.V. 100% 100%NX Filtration Real Estate B.V. 100% 0%NX Filtration International B.V. 100% 0%The Company is wholly and severally liable for the loans of NX Filtration B.V. Consequently, a provision for loss making subsidiaries is recognised related to the negative equity value of NX Filtration B.V. in 2021.The loan receivable relates to a loan issued to NX Filtration B.V. On 11 October 2022 the loan receivable in the amount of \u20ac9.8m was converted to equity as share premium in accordance with a free share premium contribution agreement and settlement agreement, without the issuance of new sharesIn addition, a \u20ac51.3m intercompany receivable towards NX Filtration B.V. was converted to equity as share premium in accordance with a free share premium contribution agreement and settlement agreement, without the issuance of new shares. Furthermore, on 11 October 2022, NX Filtration N.V. made a sharepremium contribution of \u20ac3.5m towards NX Filtration Real Estate B.V. Deferred tax assets 31 December 31 DecemberIn EUR \u2018000 2022 2021At 1 January 5,699 1,903Tax benefit subsidiaries through fiscal unit 2,602 1,143Tax benefit NX Filtration N.V. 646 2,653At 31 December 8,947 5,699The deferred tax assets can be specified asfollows: 31 December 31 DecemberIn EUR \u2018000 2022 2021Deferred tax assets Timing differences - -Carry forward losses 8,947 5,699Total 8,947 5,699 Of which: Current (<1 year) - Non-current (>1 year) 8,947 5,6As of December 31, 2022, the total amount of recognized tax losses amounts to \u20ac34.7 million (\u20ac22.8 million as per December 31, 2021). A deferred tax asset has been recognized at the nominal tax rate of 25.8% (being the estimatedblended rate as from 2022).Cash and cash equivalents 31 December 31 DecemberIn EUR \u2018000 2022 2021ABN AMRO bank 45,867 45,992Van Lanschot bank 32,781 25,000Rabobank 11,722 40,625Total 90,370 111,617The cash and cash equivalents are freelydisposable to the Company.Shareholders\u2019 equityReference is made to note 24 of the consolidated financial statements for an explanation of the equity composition of theCompany.Legal and statutory reservesThe legal reserve relates to a reserve for capitalized development costs of the subsidiaries.In EUR \u2018000 2022 2021At 1 January 1,582 1,132Movement in legal reserve 476 450At 31 December 2,058 1,582Other reservesThe other reserves can be specified as followsIn EUR \u2018000 2022 2021At 1 January (10,034) (5,071)Allocation of previous year loss (11,354) (2,092)Interest on repayment and cancellation of preference share capital - (2,421)Share-based payment transactions 36 -Movement in legal reserve (476) (450)At 31 December (21,828) (10,034)RevenueIn EUR \u2018000 2022 2021Charged patent rights 48 48Management fee 5 5Total 53 539Average numbers of employeesIn 2022, the company had 3 employees (2021:2 employees). None of these employees worksabroad.General expensesIn EUR \u2018000 2022 2021Audit fees 143 150Legal fees 31 35Consultancy fee Infestos Holding E B.V. 152 84Patent renewal fees - 47Management fee lnfestos Management B.V. - 2Listing costs 137 9,465Other general costs 114 58Total 577 9,841The following audit fees were expensed in theincome statement in the reporting period. PricewaterhouseCoopersIn EUR \u2018000 Accountants N.V. Other network Total network 2022 2021 2022 2021 2022 2021Audit of the financial statements 143 150 - - 143 150Other audit procedures - 213 - - - 213Tax services - - - - -Other non-audit services - - - - - -Total 143 363 - - 143 363The fees listed above relate to the services provided to the Company by accounting firmsand external independent auditors as referredto in Section 1(a) of the Dutch Accounting Firms Oversight Act (Wta). Finance incomeIn EUR \u2018000 2022 2021Interest on receivables from group companies 140 124Total 140 124Finance expenseIn EUR \u2018000 2022 2021Interest on cash balances (negative interest) (199) (352)Total (199) (352)Contingencies andcommitmentsFiscal unityThe Company is the head of the fiscal unity forthe Corporate Income Tax and Value Added Tax of the Group. As such the Company is fullyliable for any tax liability resulting from this.Events after the reportingperiodNothing to report. Authorisation of the financial statementsEnschede, 10 February 2023Management BoardMichiel Erik Marc Staatsen Roesink Luttikhuis CEO and CTO CFOCOO", "dimensions": { "concept": "ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory", "language": "en", "entity": "scheme:254900YF0PQV9APMA050", "period": "2022-01-01T00:00:00/2023-01-01T00:00:00" } } } }