BEYOND PIXELS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BEYOND PIXELS
Largest movements
- Current investments +€7,831
up €7,831 (+43.0%), from €18,214 to €26,045
- Tangible fixed assets +€5,913
up €5,913 (+10.7%), from €55,472 to €61,386
of which Other tangible fixed assets: +€15,004
- Receivables within one year +€3,228
up €3,228 (+17.2%), from €18,717 to €21,946
of which Trade receivables: +€6,146
- Other debts +€32,247
up €32,247 (+156.0%), from €20,675 to €52,923
- Profit (loss) carried forward -€6,800
down €6,800 (-11.7%), from €58,002 to €51,201
- Tax, wage and social debts -€3,938
down €3,938 (-25.4%), from €15,510 to €11,572
- Debts after one year -€3,910
down €3,910 (-27.1%), from €14,433 to €10,523
- Trade debts -€1,467
down €1,467 (-65.8%), from €2,229 to €762
- Gross operating margin +€9,504
up €9,504 (+21.5%), from €44,224 to €53,728
- Depreciation +€4,827
up €4,827 (+49.2%), from €9,812 to €14,639
- Financial charges -€1,318
down €1,318 (-59.1%), from €2,231 to €913
- Taxes +€927
up €927 (+11.4%), from €8,127 to €9,054
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,600 | €132,892 | +€16,293 | +14.0% |
| Fixed assets | 21/28 | €55,517 | €61,430 | +€5,913 | +10.7% |
| Tangible fixed assets | 22/27 | €55,472 | €61,386 | +€5,913 | +10.7% |
| Plant, machinery and equipment | 23 | €2,909 | €1,997 | -€913 | -31.4% |
| Furniture and vehicles | 24 | €44,346 | €36,167 | -€8,178 | -18.4% |
| Other tangible fixed assets | 26 | €8,218 | €23,222 | +€15,004 | +182.6% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €61,083 | €71,462 | +€10,379 | +17.0% |
| Amounts receivable within one year | 40/41 | €18,717 | €21,946 | +€3,228 | +17.2% |
| Trade receivables | 40 | €14,841 | €20,987 | +€6,146 | +41.4% |
| Other amounts receivable | 41 | €3,877 | €959 | -€2,918 | -75.3% |
| Current investments | 50/53 | €18,214 | €26,045 | +€7,831 | +43.0% |
| Cash at bank and in hand | 54/58 | €19,817 | €20,216 | +€398 | +2.0% |
| Deferred charges and accrued income | 490/1 | €4,334 | €3,256 | -€1,078 | -24.9% |
| Total equity and liabilities | 10/49 | €116,600 | €132,892 | +€16,293 | +14.0% |
| Equity | 10/15 | €60,002 | €53,201 | -€6,800 | -11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,002 | €51,201 | -€6,800 | -11.7% |
| Amounts payable | 17/49 | €56,598 | €79,691 | +€23,093 | +40.8% |
| Amounts payable after more than one year | 17 | €14,433 | €10,523 | -€3,910 | -27.1% |
| Financial debts | 170/4 | €14,433 | €10,523 | -€3,910 | -27.1% |
| Amounts payable within one year | 42/48 | €42,165 | €69,168 | +€27,003 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €3,750 | €3,910 | +€160 | +4.3% |
| Trade debts | 44 | €2,229 | €762 | -€1,467 | -65.8% |
| Suppliers | 440/4 | €2,229 | €762 | -€1,467 | -65.8% |
| Taxes, remuneration and social security | 45 | €15,510 | €11,572 | -€3,938 | -25.4% |
| Taxes | 450/3 | €15,510 | €11,572 | -€3,938 | -25.4% |
| Other amounts payable | 47/48 | €20,675 | €52,923 | +€32,247 | +156.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,812 | €14,639 | +€4,827 | +49.2% |
| Other operating charges | 640/8 | €981 | €673 | -€308 | -31.4% |
| Gross operating margin | 9900 | €44,224 | €53,728 | +€9,504 | +21.5% |
| Operating profit (loss) | 9901 | €33,432 | €38,416 | +€4,985 | +14.9% |
| Financial income | 75/76B | €14 | €45 | +€31 | +222.8% |
| Recurring financial income | 75 | €14 | €45 | +€31 | +222.8% |
| Financial charges | 65/66B | €2,231 | €913 | -€1,318 | -59.1% |
| Recurring financial charges | 65 | €2,231 | €913 | -€1,318 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €31,215 | €37,548 | +€6,333 | +20.3% |
| Income taxes | 67/77 | €8,127 | €9,054 | +€927 | +11.4% |
| Profit (loss) for the period | 9904 | €23,088 | €28,494 | +€5,406 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,088 | €28,494 | +€5,406 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.