PIX COATING: 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.
What changed
PIX COATING
NACE 33.160, Repair, maintenance and installation of machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€765,813
2024 · €431,743+€334,071
Equity
€1.1m
2024 · €1.1m-€4,268
Cash
€380,791
2024 · €114,581+€266,210
Balance sheet total
€3.4m
2024 · €3.3m+€140,908
Largest movements
Assets
- Cash +€266,210
up €266,210 (+232.3%), from €114,581 to €380,791
mainly Net result for the year (+€765,813) and Other debts (+€300,000)
- Tangible fixed assets -€218,146
down €218,146 (-10.4%), from €2.1m to €1.9m
of which Land and buildings: -€109,779
- Receivables within one year +€214,648
up €214,648 (+29.6%), from €725,187 to €939,835
of which Trade receivables: +€211,239
- Receivables after one year -€110,000
down €110,000 (-44.0%), from €250,000 to €140,000
Equity and liabilities
- Other debts +€300,000
up €300,000 (+200.0%), from €150,000 to €450,000
- Debts after one year -€236,036
down €236,036 (-15.8%), from €1.5m to €1.3m
- Trade debts +€137,459
up €137,459 (+98.7%), from €139,329 to €276,788
- Profit (loss) carried forward +€125,813
up €125,813 (+19.5%), from €643,976 to €769,789
- Reserves -€110,000
down €110,000 (-44.0%), from €250,000 to €140,000
Income statement
- Gross operating margin +€605,612
up €605,612 (+40.5%), from €1.5m to €2.1m
- Taxes +€133,732
up €133,732 (+174.5%), from €76,622 to €210,355
- Staff costs +€123,331
up €123,331 (+16.8%), from €735,237 to €858,568
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.
Result 2024
€431,743
Gross operating margin
+€605,612
Staff costs
-€123,331
Depreciation
-€7,456
Other operating charges
-€5,668
Financial income
-€6,184
Financial charges
+€4,829
Taxes
-€133,732
Result 2025
€765,813
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.
From operations
+€1.4m
Investment
-€15,975
Financing
-€1.1m
Cash 2024
€114,581
From operations (derived)
+€1.4m
Net result for the year
+€765,813
Depreciation
+€234,122
Receivables after one year
+€110,000
Stocks and contracts
+€17,822
Receivables within one year
-€214,648
Deferred charges and accrued income
-€6,019
Trade debts
+€137,459
Tax, wage and social debts
+€930
Other debts
+€300,000
Accrued charges and deferred income
+€7,146
Investment (derived)
-€15,975
Investment in fixed assets (net)
-€15,975
Financing
-€1.1m
Debts after one year
-€236,036
Current portion of long-term debt
+€5,677
Short-term financial debts
-€70,000
Contributions, distributions and other
-€770,082
Cash 2025
€380,791
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,250,701 | €3,391,610 | +€140,908 | +4.3% |
| Fixed assets | 21/28 | €2,095,119 | €1,876,972 | -€218,146 | -10.4% |
| Tangible fixed assets | 22/27 | €2,093,137 | €1,874,990 | -€218,146 | -10.4% |
| Land and buildings | 22 | €1,667,512 | €1,557,732 | -€109,779 | -6.6% |
| Plant, machinery and equipment | 23 | €328,733 | €244,887 | -€83,846 | -25.5% |
| Furniture and vehicles | 24 | €96,892 | €70,471 | -€26,421 | -27.3% |
| Assets under construction and advance payments | 27 | - | €1,900 | +€1,900 | |
| Financial fixed assets | 28 | €1,982 | €1,982 | = | 0.0% |
| Current assets | 29/58 | €1,155,583 | €1,514,637 | +€359,055 | +31.1% |
| Amounts receivable after more than one year | 29 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Other amounts receivable | 291 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Stocks and contracts in progress | 3 | €56,911 | €39,089 | -€17,822 | -31.3% |
| Stocks | 30/36 | €39,145 | €30,831 | -€8,315 | -21.2% |
| Contracts in progress | 37 | €17,765 | €8,258 | -€9,507 | -53.5% |
| Amounts receivable within one year | 40/41 | €725,187 | €939,835 | +€214,648 | +29.6% |
| Trade receivables | 40 | €670,258 | €881,496 | +€211,239 | +31.5% |
| Other amounts receivable | 41 | €54,929 | €58,338 | +€3,410 | +6.2% |
| Cash at bank and in hand | 54/58 | €114,581 | €380,791 | +€266,210 | +232.3% |
| Deferred charges and accrued income | 490/1 | €8,904 | €14,923 | +€6,019 | +67.6% |
| Total equity and liabilities | 10/49 | €3,250,701 | €3,391,610 | +€140,908 | +4.3% |
| Equity | 10/15 | €1,070,693 | €1,066,425 | -€4,268 | -0.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Non-distributable reserves | 130/1 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Reserves not available under the articles | 1311 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Profit (loss) carried forward | 14 | €643,976 | €769,789 | +€125,813 | +19.5% |
| Investment grants | 15 | €166,717 | €146,636 | -€20,082 | -12.0% |
| Provisions and deferred taxes | 16 | €3,045 | €3,045 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,045 | €3,045 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,045 | €3,045 | = | 0.0% |
| Amounts payable | 17/49 | €2,176,963 | €2,322,139 | +€145,177 | +6.7% |
| Amounts payable after more than one year | 17 | €1,489,679 | €1,253,643 | -€236,036 | -15.8% |
| Financial debts | 170/4 | €1,489,679 | €1,253,643 | -€236,036 | -15.8% |
| Amounts payable within one year | 42/48 | €671,273 | €1,045,340 | +€374,067 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €240,992 | €246,670 | +€5,677 | +2.4% |
| Financial debts | 43 | €70,000 | €0 | -€70,000 | -100.0% |
| Credit institutions | 430/8 | €70,000 | €0 | -€70,000 | -100.0% |
| Trade debts | 44 | €139,329 | €276,788 | +€137,459 | +98.7% |
| Suppliers | 440/4 | €139,329 | €276,788 | +€137,459 | +98.7% |
| Taxes, remuneration and social security | 45 | €70,952 | €71,882 | +€930 | +1.3% |
| Taxes | 450/3 | €18,422 | €7,590 | -€10,832 | -58.8% |
| Remuneration and social security | 454/9 | €52,530 | €64,292 | +€11,762 | +22.4% |
| Other amounts payable | 47/48 | €150,000 | €450,000 | +€300,000 | +200.0% |
| Accrued charges and deferred income | 492/3 | €16,011 | €23,157 | +€7,146 | +44.6% |
| Remuneration, social security and pensions | 62 | €735,237 | €858,568 | +€123,331 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,665 | €234,122 | +€7,456 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,895 | €16,562 | +€5,668 | +52.0% |
| Gross operating margin | 9900 | €1,494,244 | €2,099,856 | +€605,612 | +40.5% |
| Operating profit (loss) | 9901 | €521,447 | €990,604 | +€469,157 | +90.0% |
| Financial income | 75/76B | €35,463 | €29,279 | -€6,184 | -17.4% |
| Recurring financial income | 75 | €35,463 | €29,279 | -€6,184 | -17.4% |
| Financial charges | 65/66B | €48,545 | €43,716 | -€4,829 | -9.9% |
| Recurring financial charges | 65 | €48,545 | €43,716 | -€4,829 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €508,365 | €976,168 | +€467,803 | +92.0% |
| Income taxes | 67/77 | €76,622 | €210,355 | +€133,732 | +174.5% |
| Profit (loss) for the period | 9904 | €431,743 | €765,813 | +€334,071 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €431,743 | €765,813 | +€334,071 | +77.4% |
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.