P1XELL: 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.
P1XELL
Largest movements
- Tangible fixed assets -€4,528
down €4,528 (-31.8%), from €14,236 to €9,708
of which Furniture and vehicles: -€6,000
- Receivables within one year -€1,901
down €1,901 (-24.2%), from €7,855 to €5,953
- Cash +€1,802
up €1,802 (+66.5%), from €2,711 to €4,513
mainly Depreciation (+€6,000) and Receivables within one year (+€1,901)
- Other debts -€2,168
down €2,168 (-11.7%), from €18,468 to €16,300
- Tax, wage and social debts -€1,699
down €1,699 (-69.9%), from €2,431 to €732
- Trade debts -€1,062
down €1,062 (-87.1%), from €1,219 to €157
- Profit (loss) carried forward +€302
up €302 (+44.2%), from €683 to €985
- Depreciation +€2,236
up €2,236 (+59.4%), from €3,764 to €6,000
- Gross operating margin +€1,470
up €1,470 (+29.2%), from €5,030 to €6,500
- Taxes -€363
down €363 (-68.0%), from €534 to €171
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 | €24,801 | €20,174 | -€4,627 | -18.7% |
| Fixed assets | 21/28 | €14,236 | €9,708 | -€4,528 | -31.8% |
| Tangible fixed assets | 22/27 | €14,236 | €9,708 | -€4,528 | -31.8% |
| Plant, machinery and equipment | 23 | - | €1,472 | +€1,472 | |
| Furniture and vehicles | 24 | €14,236 | €8,236 | -€6,000 | -42.1% |
| Current assets | 29/58 | €10,566 | €10,466 | -€99 | -0.9% |
| Amounts receivable within one year | 40/41 | €7,855 | €5,953 | -€1,901 | -24.2% |
| Trade receivables | 40 | €7,855 | €5,953 | -€1,901 | -24.2% |
| Cash at bank and in hand | 54/58 | €2,711 | €4,513 | +€1,802 | +66.5% |
| Total equity and liabilities | 10/49 | €24,801 | €20,174 | -€4,627 | -18.7% |
| Equity | 10/15 | €2,683 | €2,985 | +€302 | +11.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €683 | €985 | +€302 | +44.2% |
| Amounts payable | 17/49 | €22,118 | €17,189 | -€4,928 | -22.3% |
| Amounts payable within one year | 42/48 | €22,118 | €17,189 | -€4,928 | -22.3% |
| Trade debts | 44 | €1,219 | €157 | -€1,062 | -87.1% |
| Suppliers | 440/4 | €1,219 | €157 | -€1,062 | -87.1% |
| Taxes, remuneration and social security | 45 | €2,431 | €732 | -€1,699 | -69.9% |
| Taxes | 450/3 | €2,431 | €732 | -€1,699 | -69.9% |
| Other amounts payable | 47/48 | €18,468 | €16,300 | -€2,168 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,764 | €6,000 | +€2,236 | +59.4% |
| Other operating charges | 640/8 | €46 | - | -€46 | |
| Gross operating margin | 9900 | €5,030 | €6,500 | +€1,470 | +29.2% |
| Operating profit (loss) | 9901 | €1,219 | €500 | -€719 | -59.0% |
| Financial charges | 65/66B | €1 | €27 | +€26 | +2,062% |
| Recurring financial charges | 65 | €1 | €27 | +€26 | +2,062% |
| Profit (loss) for the period before taxes | 9903 | €1,218 | €473 | -€745 | -61.2% |
| Income taxes | 67/77 | €534 | €171 | -€363 | -68.0% |
| Profit (loss) for the period | 9904 | €683 | €302 | -€382 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €683 | €302 | -€382 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.