BLANK PIXEL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BLANK PIXEL
Largest movements
- Cash -€40,268
down €40,268 (-66.2%), from €60,804 to €20,536
mainly Net result for the year (-€29,718) and Receivables within one year (-€10,298)
- Receivables within one year +€10,298
up €10,298 (+167%), from €6,163 to €16,461
of which Trade receivables: +€7,478
- Reserves -€29,718
down €29,718 (-76.2%), from €38,979 to €9,261
- Other debts +€9,054
up €9,054 (+162%), from €5,593 to €14,647
- Tax, wage and social debts -€5,527
down €5,527 (-79.8%), from €6,923 to €1,396
of which Taxes: -€2,997
- Trade debts -€3,962
down €3,962 (-96.8%), from €4,094 to €133
- Gross operating margin -€66,645
down €66,645, from €34,798 to -€31,847
- Taxes -€9,658
down €9,658, from €6,837 to -€2,820
- Other operating charges -€517
no longer reported in 2025 (was €517)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,989 | €37,837 | -€30,152 | -44.3% |
| Fixed assets | 21/28 | €1,022 | €840 | -€182 | -17.8% |
| Tangible fixed assets | 22/27 | €1,022 | €840 | -€182 | -17.8% |
| Furniture and vehicles | 24 | €1,022 | €840 | -€182 | -17.8% |
| Current assets | 29/58 | €66,967 | €36,997 | -€29,970 | -44.8% |
| Amounts receivable within one year | 40/41 | €6,163 | €16,461 | +€10,298 | +167% |
| Trade receivables | 40 | - | €7,478 | +€7,478 | |
| Other amounts receivable | 41 | €6,163 | €8,983 | +€2,820 | +45.8% |
| Cash at bank and in hand | 54/58 | €60,804 | €20,536 | -€40,268 | -66.2% |
| Total equity and liabilities | 10/49 | €67,989 | €37,837 | -€30,152 | -44.3% |
| Equity | 10/15 | €51,379 | €21,661 | -€29,718 | -57.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €38,979 | €9,261 | -€29,718 | -76.2% |
| Distributable reserves | 133 | €38,979 | €9,261 | -€29,718 | -76.2% |
| Amounts payable | 17/49 | €16,610 | €16,176 | -€435 | -2.6% |
| Amounts payable within one year | 42/48 | €16,610 | €16,176 | -€435 | -2.6% |
| Trade debts | 44 | €4,094 | €133 | -€3,962 | -96.8% |
| Suppliers | 440/4 | €4,094 | €133 | -€3,962 | -96.8% |
| Taxes, remuneration and social security | 45 | €6,923 | €1,396 | -€5,527 | -79.8% |
| Taxes | 450/3 | €4,394 | €1,396 | -€2,997 | -68.2% |
| Remuneration and social security | 454/9 | €2,529 | - | -€2,529 | |
| Other amounts payable | 47/48 | €5,593 | €14,647 | +€9,054 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €498 | +€160 | +47.3% |
| Other operating charges | 640/8 | €517 | - | -€517 | |
| Gross operating margin | 9900 | €34,798 | -€31,847 | -€66,645 | |
| Operating profit (loss) | 9901 | €33,943 | -€32,345 | -€66,288 | |
| Financial charges | 65/66B | €344 | €193 | -€151 | -44.0% |
| Recurring financial charges | 65 | €344 | €193 | -€151 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €33,599 | -€32,538 | -€66,137 | |
| Income taxes | 67/77 | €6,837 | -€2,820 | -€9,658 | |
| Profit (loss) for the period | 9904 | €26,762 | -€29,718 | -€56,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,762 | -€29,718 | -€56,480 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.