PIX: 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.
PIX
Largest movements
- Receivables within one year -€151,294
down €151,294 (-40.1%), from €377,727 to €226,432
of which Trade receivables: -€167,833
- Tangible fixed assets -€53,430
down €53,430 (-8.2%), from €654,916 to €601,486
of which Plant, machinery and equipment: -€29,312
- Advances received -€107,888
down €107,888 (-22.2%), from €486,474 to €378,585
- Debts after one year -€88,960
down €88,960 (-23.3%), from €382,019 to €293,059
- Profit (loss) carried forward -€48,189
down €48,189 (-22.7%), from €211,898 to €163,709
- Trade debts +€31,132
up €31,132 (+173.5%), from €17,945 to €49,077
- Gross operating margin -€166,062
down €166,062 (-55.6%), from €298,756 to €132,694
- Staff costs -€79,208
down €79,208 (-37.6%), from €210,595 to €131,387
- Taxes -€10,607
down €10,607 (-99.4%), from €10,675 to €68
- Depreciation -€9,694
down €9,694 (-15.4%), from €63,124 to €53,430
- Financial income -€9,538
down €9,538 (-29.7%), from €32,101 to €22,563
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,331,037 | €1,110,166 | -€220,871 | -16.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €654,916 | €601,486 | -€53,430 | -8.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €654,916 | €601,486 | -€53,430 | -8.2% |
| Land and buildings | 22 | €487,393 | €472,732 | -€14,661 | -3.0% |
| Plant, machinery and equipment | 23 | €132,651 | €103,339 | -€29,312 | -22.1% |
| Furniture and vehicles | 24 | €24,641 | €19,230 | -€5,410 | -22.0% |
| Leasing and similar rights | 25 | €10,232 | €6,186 | -€4,046 | -39.5% |
| Current assets | 29/58 | €676,120 | €508,679 | -€167,441 | -24.8% |
| Stocks and contracts in progress | 3 | €113,480 | €108,614 | -€4,866 | -4.3% |
| Stocks | 30/36 | €113,480 | €108,614 | -€4,866 | -4.3% |
| Amounts receivable within one year | 40/41 | €377,727 | €226,432 | -€151,294 | -40.1% |
| Trade receivables | 40 | €361,042 | €193,209 | -€167,833 | -46.5% |
| Other amounts receivable | 41 | €16,684 | €33,224 | +€16,539 | +99.1% |
| Cash at bank and in hand | 54/58 | €179,574 | €168,867 | -€10,708 | -6.0% |
| Deferred charges and accrued income | 490/1 | €5,339 | €4,766 | -€573 | -10.7% |
| Total equity and liabilities | 10/49 | €1,331,037 | €1,110,166 | -€220,871 | -16.6% |
| Equity | 10/15 | €311,898 | €263,709 | -€48,189 | -15.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,898 | €163,709 | -€48,189 | -22.7% |
| Amounts payable | 17/49 | €1,019,139 | €846,457 | -€172,682 | -16.9% |
| Amounts payable after more than one year | 17 | €382,019 | €293,059 | -€88,960 | -23.3% |
| Financial debts | 170/4 | €382,019 | €293,059 | -€88,960 | -23.3% |
| Amounts payable within one year | 42/48 | €629,578 | €552,641 | -€76,937 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €94,477 | €99,118 | +€4,641 | +4.9% |
| Trade debts | 44 | €17,945 | €49,077 | +€31,132 | +173.5% |
| Suppliers | 440/4 | €17,945 | €49,077 | +€31,132 | +173.5% |
| Advances received on contracts in progress | 46 | €486,474 | €378,585 | -€107,888 | -22.2% |
| Taxes, remuneration and social security | 45 | €29,957 | €25,861 | -€4,097 | -13.7% |
| Taxes | 450/3 | €14,895 | €5,218 | -€9,677 | -65.0% |
| Remuneration and social security | 454/9 | €15,062 | €20,643 | +€5,580 | +37.0% |
| Other amounts payable | 47/48 | €726 | - | -€726 | |
| Accrued charges and deferred income | 492/3 | €7,542 | €756 | -€6,785 | -90.0% |
| Remuneration, social security and pensions | 62 | €210,595 | €131,387 | -€79,208 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,124 | €53,430 | -€9,694 | -15.4% |
| Other operating charges | 640/8 | €6,124 | €6,911 | +€787 | +12.8% |
| Gross operating margin | 9900 | €298,756 | €132,694 | -€166,062 | -55.6% |
| Operating profit (loss) | 9901 | €18,913 | -€59,035 | -€77,947 | |
| Financial income | 75/76B | €32,101 | €22,563 | -€9,538 | -29.7% |
| Recurring financial income | 75 | €32,101 | €22,563 | -€9,538 | -29.7% |
| Financial charges | 65/66B | €12,910 | €11,649 | -€1,261 | -9.8% |
| Recurring financial charges | 65 | €12,910 | €11,649 | -€1,261 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €38,103 | -€48,121 | -€86,224 | |
| Income taxes | 67/77 | €10,675 | €68 | -€10,607 | -99.4% |
| Profit (loss) for the period | 9904 | €27,428 | -€48,189 | -€75,617 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,428 | -€48,189 | -€75,617 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.