PIX ART: 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.
PIX ART
Largest movements
- Receivables within one year +€12,481
up €12,481 (+65.1%), from €19,174 to €31,655
of which Trade receivables: +€14,375
- Cash +€5,976
up €5,976 (+10.4%), from €57,515 to €63,491
mainly Other debts (+€72,499) and Net result for the year (+€29,124)
- Other debts +€72,499
up €72,499 (+681%), from €10,648 to €83,147
- Reserves -€65,144
down €65,144 (-100%), from €65,144 to €0
- Tax, wage and social debts +€10,666
up €10,666 (+140%), from €7,622 to €18,288
of which Taxes: +€10,666
- Gross operating margin +€24,225
up €24,225 (+145%), from €16,742 to €40,967
- Financial income -€14,315
down €14,315 (-100%), from €14,315 to €0
of which Non-recurring financial income: -€14,306
- Taxes +€1,977
up €1,977 (+30.5%), from €6,480 to €8,457
- Depreciation -€1,042
down €1,042 (-24.0%), from €4,347 to €3,305
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 | €90,577 | €109,577 | +€19,000 | +21.0% |
| Fixed assets | 21/28 | €10,818 | €10,446 | -€372 | -3.4% |
| Tangible fixed assets | 22/27 | €10,818 | €10,446 | -€372 | -3.4% |
| Furniture and vehicles | 24 | €8,744 | €9,018 | +€273 | +3.1% |
| Other tangible fixed assets | 26 | €2,073 | €1,428 | -€645 | -31.1% |
| Current assets | 29/58 | €79,759 | €99,131 | +€19,372 | +24.3% |
| Amounts receivable within one year | 40/41 | €19,174 | €31,655 | +€12,481 | +65.1% |
| Trade receivables | 40 | €15,654 | €30,030 | +€14,375 | +91.8% |
| Other amounts receivable | 41 | €3,520 | €1,625 | -€1,895 | -53.8% |
| Cash at bank and in hand | 54/58 | €57,515 | €63,491 | +€5,976 | +10.4% |
| Deferred charges and accrued income | 490/1 | €3,070 | €3,985 | +€915 | +29.8% |
| Total equity and liabilities | 10/49 | €90,577 | €109,577 | +€19,000 | +21.0% |
| Equity | 10/15 | €70,144 | €5,000 | -€65,144 | -92.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,144 | €0 | -€65,144 | -100% |
| Distributable reserves | 133 | €65,144 | €0 | -€65,144 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,433 | €104,577 | +€84,144 | +412% |
| Amounts payable within one year | 42/48 | €20,433 | €104,577 | +€84,144 | +412% |
| Financial debts | 43 | €15 | €268 | +€253 | +1,637% |
| Credit institutions | 430/8 | €15 | €268 | +€253 | +1,637% |
| Trade debts | 44 | €2,148 | €2,874 | +€726 | +33.8% |
| Suppliers | 440/4 | €2,148 | €2,874 | +€726 | +33.8% |
| Taxes, remuneration and social security | 45 | €7,622 | €18,288 | +€10,666 | +140% |
| Taxes | 450/3 | €7,622 | €18,288 | +€10,666 | +140% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,648 | €83,147 | +€72,499 | +681% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,347 | €3,305 | -€1,042 | -24.0% |
| Other operating charges | 640/8 | €126 | €0 | -€126 | -100% |
| Gross operating margin | 9900 | €16,742 | €40,967 | +€24,225 | +145% |
| Operating profit (loss) | 9901 | €12,269 | €37,662 | +€25,393 | +207% |
| Financial income | 75/76B | €14,315 | €0 | -€14,315 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Non-recurring financial income | 76B | €14,306 | €0 | -€14,306 | -100% |
| Financial charges | 65/66B | €350 | €81 | -€269 | -76.8% |
| Recurring financial charges | 65 | €350 | €81 | -€269 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €26,234 | €37,581 | +€11,347 | +43.3% |
| Income taxes | 67/77 | €6,480 | €8,457 | +€1,977 | +30.5% |
| Profit (loss) for the period | 9904 | €19,754 | €29,124 | +€9,370 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,754 | €29,124 | +€9,370 | +47.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.