PIXEL DESIGN: 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.
PIXEL DESIGN
Largest movements
- Tangible fixed assets -€2,194
down €2,194 (-59.7%), from €3,678 to €1,484
of which Furniture and vehicles: -€2,029
- Receivables within one year -€634
down €634 (-26.7%), from €2,375 to €1,741
of which Trade receivables: -€656
- Cash -€361
down €361 (-54.9%), from €657 to €296
mainly Net result for the year (-€7,541) and Tax, wage and social debts (-€4,052)
- Other debts +€8,967
up €8,967 (+30.4%), from €29,454 to €38,421
- Profit (loss) carried forward -€7,541
down €7,541 (-21.3%), from -€35,391 to -€42,931
- Tax, wage and social debts -€4,052
down €4,052 (-94.8%), from €4,274 to €222
- Trade debts -€563
down €563 (-29.3%), from €1,922 to €1,359
- Gross operating margin -€8,580
down €8,580, from €4,411 to -€4,169
- Other operating charges +€393
up €393 (+71.6%), from €549 to €942
- Depreciation -€318
down €318 (-12.7%), from €2,512 to €2,194
- Taxes -€222
no longer reported in 2025 (was €222)
- Financial charges -€91
down €91 (-27.7%), from €327 to €236
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 | €6,710 | €3,521 | -€3,189 | -47.5% |
| Fixed assets | 21/28 | €3,678 | €1,484 | -€2,194 | -59.7% |
| Tangible fixed assets | 22/27 | €3,678 | €1,484 | -€2,194 | -59.7% |
| Plant, machinery and equipment | 23 | €396 | €231 | -€165 | -41.7% |
| Furniture and vehicles | 24 | €3,282 | €1,253 | -€2,029 | -61.8% |
| Current assets | 29/58 | €3,032 | €2,037 | -€995 | -32.8% |
| Amounts receivable within one year | 40/41 | €2,375 | €1,741 | -€634 | -26.7% |
| Trade receivables | 40 | €2,013 | €1,357 | -€656 | -32.6% |
| Other amounts receivable | 41 | €362 | €384 | +€22 | +6.0% |
| Cash at bank and in hand | 54/58 | €657 | €296 | -€361 | -54.9% |
| Total equity and liabilities | 10/49 | €6,710 | €3,521 | -€3,189 | -47.5% |
| Equity | 10/15 | -€28,940 | -€36,481 | -€7,541 | -26.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €253 | €253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €253 | €253 | = | 0.0% |
| Reserves not available under the articles | 1311 | €253 | €253 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,391 | -€42,931 | -€7,541 | -21.3% |
| Amounts payable | 17/49 | €35,650 | €40,001 | +€4,352 | +12.2% |
| Amounts payable within one year | 42/48 | €35,650 | €40,001 | +€4,352 | +12.2% |
| Trade debts | 44 | €1,922 | €1,359 | -€563 | -29.3% |
| Suppliers | 440/4 | €1,922 | €1,359 | -€563 | -29.3% |
| Taxes, remuneration and social security | 45 | €4,274 | €222 | -€4,052 | -94.8% |
| Taxes | 450/3 | €4,274 | €222 | -€4,052 | -94.8% |
| Other amounts payable | 47/48 | €29,454 | €38,421 | +€8,967 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,512 | €2,194 | -€318 | -12.7% |
| Other operating charges | 640/8 | €549 | €942 | +€393 | +71.6% |
| Gross operating margin | 9900 | €4,411 | -€4,169 | -€8,580 | |
| Operating profit (loss) | 9901 | €1,350 | -€7,304 | -€8,654 | |
| Financial charges | 65/66B | €327 | €236 | -€91 | -27.7% |
| Recurring financial charges | 65 | €327 | €236 | -€91 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €1,023 | -€7,541 | -€8,564 | |
| Income taxes | 67/77 | €222 | - | -€222 | |
| Profit (loss) for the period | 9904 | €801 | -€7,541 | -€8,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €801 | -€7,541 | -€8,342 |
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 28 September 2026 via checked.be.