Pilexa: 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.
Pilexa
Largest movements
- Intangible fixed assets -€10,000
down €10,000 (-19.7%), from €50,849 to €40,849
- Tangible fixed assets -€9,295
down €9,295 (-23.7%), from €39,222 to €29,928
- Receivables within one year +€1,291
up €1,291 (+27.5%), from €4,685 to €5,975
of which Trade receivables: +€1,199
- Current investments -€1,099
down €1,099 (-98.6%), from €1,114 to €16
- Profit (loss) carried forward -€39,098
down €39,098 (-53.4%), from -€73,255 to -€112,353
- Other debts +€26,286
up €26,286 (+83.1%), from €31,624 to €57,910
- Debts after one year -€8,983
down €8,983 (-7.2%), from €125,008 to €116,025
of which Financial debts: -€8,983
- Trade debts +€1,425
up €1,425 (+491.3%), from €290 to €1,715
- Gross operating margin -€19,890
down €19,890, from €3,055 to -€16,835
- Other operating charges -€456
down €456 (-41.5%), from €1,100 to €644
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 | €100,676 | €79,998 | -€20,678 | -20.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €90,072 | €70,777 | -€19,295 | -21.4% |
| Intangible fixed assets | 21 | €50,849 | €40,849 | -€10,000 | -19.7% |
| Tangible fixed assets | 22/27 | €39,222 | €29,928 | -€9,295 | -23.7% |
| Furniture and vehicles | 24 | €39,222 | €29,928 | -€9,295 | -23.7% |
| Current assets | 29/58 | €10,604 | €9,221 | -€1,383 | -13.0% |
| Amounts receivable within one year | 40/41 | €4,685 | €5,975 | +€1,291 | +27.5% |
| Trade receivables | 40 | €4,685 | €5,883 | +€1,199 | +25.6% |
| Other amounts receivable | 41 | €0 | €92 | +€92 | |
| Current investments | 50/53 | €1,114 | €16 | -€1,099 | -98.6% |
| Cash at bank and in hand | 54/58 | €2,998 | €2,110 | -€889 | -29.6% |
| Deferred charges and accrued income | 490/1 | €1,807 | €1,120 | -€687 | -38.0% |
| Total equity and liabilities | 10/49 | €100,676 | €79,998 | -€20,678 | -20.5% |
| Equity | 10/15 | -€68,255 | -€107,353 | -€39,098 | -57.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,255 | -€112,353 | -€39,098 | -53.4% |
| Amounts payable | 17/49 | €168,931 | €187,351 | +€18,420 | +10.9% |
| Amounts payable after more than one year | 17 | €125,008 | €116,025 | -€8,983 | -7.2% |
| Financial debts | 170/4 | €25,008 | €16,025 | -€8,983 | -35.9% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,923 | €71,326 | +€27,403 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €8,858 | €8,983 | +€125 | +1.4% |
| Financial debts | 43 | €26 | €70 | +€45 | +174.1% |
| Credit institutions | 430/8 | €26 | €70 | +€45 | +174.1% |
| Trade debts | 44 | €290 | €1,715 | +€1,425 | +491.3% |
| Suppliers | 440/4 | €290 | €1,715 | +€1,425 | +491.3% |
| Taxes, remuneration and social security | 45 | €3,126 | €2,648 | -€478 | -15.3% |
| Taxes | 450/3 | €1,215 | €737 | -€478 | -39.3% |
| Remuneration and social security | 454/9 | €1,911 | €1,911 | = | 0.0% |
| Other amounts payable | 47/48 | €31,624 | €57,910 | +€26,286 | +83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,761 | €20,871 | +€110 | +0.5% |
| Other operating charges | 640/8 | €1,100 | €644 | -€456 | -41.5% |
| Gross operating margin | 9900 | €3,055 | -€16,835 | -€19,890 | |
| Operating profit (loss) | 9901 | -€18,806 | -€38,350 | -€19,544 | -103.9% |
| Financial income | 75/76B | €4 | €2 | -€2 | -53.6% |
| Recurring financial income | 75 | €4 | €2 | -€2 | -53.6% |
| Financial charges | 65/66B | €762 | €623 | -€138 | -18.1% |
| Recurring financial charges | 65 | €762 | €623 | -€138 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,563 | -€38,971 | -€19,408 | -99.2% |
| Income taxes | 67/77 | €161 | €127 | -€35 | -21.4% |
| Profit (loss) for the period | 9904 | -€19,725 | -€39,098 | -€19,373 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,725 | -€39,098 | -€19,373 | -98.2% |
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 7 October 2026 via checked.be.