PIXED: 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.
PIXED
Largest movements
- Tangible fixed assets -€5,050
down €5,050 (-28.0%), from €18,047 to €12,997
of which Furniture and vehicles: -€4,600
- Cash +€3,574
up €3,574 (+43.8%), from €8,166 to €11,741
mainly Depreciation (+€9,461) and Net result for the year (+€6,947)
- Other debts -€4,977
down €4,977 (-100.0%), from €4,977 to €0
- Reserves +€2,461
up €2,461 (+15.2%), from €16,139 to €18,600
of which Distributable reserves: +€2,461
- Tax, wage and social debts +€2,434
up €2,434 (+31.7%), from €7,682 to €10,116
- Trade debts -€1,335
down €1,335 (-61.1%), from €2,186 to €851
- Gross operating margin +€7,291
up €7,291 (+56.7%), from €12,862 to €20,153
- Taxes +€2,122
up €2,122 (+202.5%), from €1,048 to €3,169
- Depreciation +€256
up €256 (+2.8%), from €9,205 to €9,461
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 | €60,326 | €58,909 | -€1,417 | -2.3% |
| Fixed assets | 21/28 | €18,297 | €13,247 | -€5,050 | -27.6% |
| Tangible fixed assets | 22/27 | €18,047 | €12,997 | -€5,050 | -28.0% |
| Plant, machinery and equipment | 23 | €10,763 | €10,314 | -€450 | -4.2% |
| Furniture and vehicles | 24 | €7,283 | €2,683 | -€4,600 | -63.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €42,029 | €45,662 | +€3,633 | +8.6% |
| Amounts receivable within one year | 40/41 | €33,502 | €33,556 | +€54 | +0.2% |
| Trade receivables | 40 | €33,486 | €25,683 | -€7,803 | -23.3% |
| Other amounts receivable | 41 | €15 | €7,873 | +€7,857 | +51054.1% |
| Cash at bank and in hand | 54/58 | €8,166 | €11,741 | +€3,574 | +43.8% |
| Deferred charges and accrued income | 490/1 | €361 | €365 | +€5 | +1.3% |
| Total equity and liabilities | 10/49 | €60,326 | €58,909 | -€1,417 | -2.3% |
| Equity | 10/15 | €45,481 | €47,942 | +€2,461 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,139 | €18,600 | +€2,461 | +15.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,279 | €16,740 | +€2,461 | +17.2% |
| Profit (loss) carried forward | 14 | €10,742 | €10,742 | = | 0.0% |
| Amounts payable | 17/49 | €14,845 | €10,967 | -€3,878 | -26.1% |
| Amounts payable within one year | 42/48 | €14,845 | €10,967 | -€3,878 | -26.1% |
| Trade debts | 44 | €2,186 | €851 | -€1,335 | -61.1% |
| Suppliers | 440/4 | €2,186 | €851 | -€1,335 | -61.1% |
| Taxes, remuneration and social security | 45 | €7,682 | €10,116 | +€2,434 | +31.7% |
| Taxes | 450/3 | €7,682 | €10,116 | +€2,434 | +31.7% |
| Other amounts payable | 47/48 | €4,977 | €0 | -€4,977 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,205 | €9,461 | +€256 | +2.8% |
| Other operating charges | 640/8 | €641 | €484 | -€157 | -24.5% |
| Gross operating margin | 9900 | €12,862 | €20,153 | +€7,291 | +56.7% |
| Operating profit (loss) | 9901 | €3,016 | €10,208 | +€7,191 | +238.4% |
| Financial income | 75/76B | €6 | €1 | -€5 | -82.2% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -82.2% |
| Financial charges | 65/66B | €119 | €93 | -€26 | -22.1% |
| Recurring financial charges | 65 | €119 | €93 | -€26 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €2,904 | €10,116 | +€7,212 | +248.4% |
| Income taxes | 67/77 | €1,048 | €3,169 | +€2,122 | +202.5% |
| Profit (loss) for the period | 9904 | €1,856 | €6,947 | +€5,091 | +274.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,856 | €6,947 | +€5,091 | +274.3% |
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 12 October 2026 via checked.be.