Pixel Fuel: 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.
Pixel Fuel
Largest movements
- Cash +€56,177
up €56,177 (+48.2%), from €116,589 to €172,766
mainly Other debts (+€206,211) and Net result for the year (+€54,076)
- Tangible fixed assets -€36,885
down €36,885 (-35.1%), from €105,233 to €68,348
of which Furniture and vehicles: -€35,550
- Other debts +€206,211
up €206,211 (+1,876%), from €10,989 to €217,200
- Reserves -€170,924
down €170,924 (-89.5%), from €190,883 to €19,959
- Tax, wage and social debts -€15,021
down €15,021 (-45.3%), from €33,151 to €18,130
- Gross operating margin +€41,665
up €41,665 (+61.0%), from €68,348 to €110,013
- Taxes +€5,231
up €5,231 (+55.4%), from €9,447 to €14,678
- Depreciation +€3,868
up €3,868 (+11.1%), from €34,793 to €38,662
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 | €237,552 | €259,401 | +€21,849 | +9.2% |
| Fixed assets | 21/28 | €105,233 | €68,348 | -€36,885 | -35.1% |
| Tangible fixed assets | 22/27 | €105,233 | €68,348 | -€36,885 | -35.1% |
| Furniture and vehicles | 24 | €100,027 | €64,478 | -€35,550 | -35.5% |
| Other tangible fixed assets | 26 | €5,206 | €3,871 | -€1,335 | -25.7% |
| Current assets | 29/58 | €132,319 | €191,053 | +€58,734 | +44.4% |
| Amounts receivable within one year | 40/41 | €15,730 | €18,052 | +€2,322 | +14.8% |
| Trade receivables | 40 | €15,730 | €15,730 | = | 0.0% |
| Other amounts receivable | 41 | - | €2,322 | +€2,322 | |
| Cash at bank and in hand | 54/58 | €116,589 | €172,766 | +€56,177 | +48.2% |
| Deferred charges and accrued income | 490/1 | - | €234 | +€234 | |
| Total equity and liabilities | 10/49 | €237,552 | €259,401 | +€21,849 | +9.2% |
| Equity | 10/15 | €192,883 | €21,959 | -€170,924 | -88.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €190,883 | €19,959 | -€170,924 | -89.5% |
| Distributable reserves | 133 | €190,883 | €19,959 | -€170,924 | -89.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,669 | €237,442 | +€192,773 | +432% |
| Amounts payable within one year | 42/48 | €44,669 | €236,524 | +€191,855 | +429% |
| Trade debts | 44 | €529 | €1,193 | +€665 | +126% |
| Suppliers | 440/4 | €529 | €1,193 | +€665 | +126% |
| Taxes, remuneration and social security | 45 | €33,151 | €18,130 | -€15,021 | -45.3% |
| Taxes | 450/3 | €33,151 | €18,130 | -€15,021 | -45.3% |
| Other amounts payable | 47/48 | €10,989 | €217,200 | +€206,211 | +1,876% |
| Accrued charges and deferred income | 492/3 | - | €918 | +€918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,793 | €38,662 | +€3,868 | +11.1% |
| Other operating charges | 640/8 | €505 | €624 | +€118 | +23.4% |
| Gross operating margin | 9900 | €68,348 | €110,013 | +€41,665 | +61.0% |
| Operating profit (loss) | 9901 | €33,049 | €70,727 | +€37,678 | +114% |
| Financial income | 75/76B | €19 | €0 | -€19 | -100% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100% |
| Financial charges | 65/66B | €1,474 | €1,973 | +€499 | +33.9% |
| Recurring financial charges | 65 | €1,474 | €1,973 | +€499 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €31,593 | €68,754 | +€37,160 | +118% |
| Income taxes | 67/77 | €9,447 | €14,678 | +€5,231 | +55.4% |
| Profit (loss) for the period | 9904 | €22,147 | €54,076 | +€31,929 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €22,147 | €54,076 | +€31,929 | +144% |
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 15 October 2026 via checked.be.