PIXEL IMMO: 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 IMMO
Largest movements
- Receivables within one year +€126,226
up €126,226 (+179.8%), from €70,199 to €196,425
of which Trade receivables: +€125,912
- Tangible fixed assets -€76,102
down €76,102 (-3.4%), from €2.3m to €2.2m
of which Land and buildings: -€70,759
- Cash -€63,134
down €63,134 (-82.2%), from €76,829 to €13,695
mainly Other debts (-€170,107) and Receivables within one year (-€126,226)
- Other debts -€170,107
down €170,107 (-33.2%), from €511,861 to €341,753
- Debts after one year +€50,805
up €50,805 (+3.4%), from €1.5m to €1.6m
- Profit (loss) carried forward +€49,391
up €49,391 (+19.0%), from €259,405 to €308,797
- Gross operating margin -€30,055
down €30,055 (-13.4%), from €224,345 to €194,291
- Taxes -€3,414
down €3,414 (-16.6%), from €20,561 to €17,148
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 | €2,424,089 | €2,395,325 | -€28,763 | -1.2% |
| Fixed assets | 21/28 | €2,256,014 | €2,179,913 | -€76,102 | -3.4% |
| Tangible fixed assets | 22/27 | €2,255,285 | €2,179,183 | -€76,102 | -3.4% |
| Land and buildings | 22 | €2,242,728 | €2,171,969 | -€70,759 | -3.2% |
| Plant, machinery and equipment | 23 | €1,882 | €1,602 | -€281 | -14.9% |
| Furniture and vehicles | 24 | €10,674 | €5,612 | -€5,062 | -47.4% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €168,074 | €215,412 | +€47,338 | +28.2% |
| Amounts receivable after more than one year | 29 | €21,034 | - | -€21,034 | |
| Other amounts receivable | 291 | €21,034 | - | -€21,034 | |
| Amounts receivable within one year | 40/41 | €70,199 | €196,425 | +€126,226 | +179.8% |
| Trade receivables | 40 | €66,038 | €191,951 | +€125,912 | +190.7% |
| Other amounts receivable | 41 | €4,161 | €4,475 | +€314 | +7.5% |
| Cash at bank and in hand | 54/58 | €76,829 | €13,695 | -€63,134 | -82.2% |
| Deferred charges and accrued income | 490/1 | €11 | €5,292 | +€5,281 | +48493.3% |
| Total equity and liabilities | 10/49 | €2,424,089 | €2,395,325 | -€28,763 | -1.2% |
| Equity | 10/15 | €269,405 | €318,797 | +€49,391 | +18.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,405 | €308,797 | +€49,391 | +19.0% |
| Amounts payable | 17/49 | €2,154,683 | €2,076,529 | -€78,155 | -3.6% |
| Amounts payable after more than one year | 17 | €1,502,909 | €1,553,715 | +€50,805 | +3.4% |
| Financial debts | 170/4 | €1,502,909 | €1,553,715 | +€50,805 | +3.4% |
| Amounts payable within one year | 42/48 | €651,774 | €522,777 | -€128,997 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €123,740 | €140,665 | +€16,925 | +13.7% |
| Trade debts | 44 | €8,510 | €25,113 | +€16,603 | +195.1% |
| Suppliers | 440/4 | €8,510 | €25,113 | +€16,603 | +195.1% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €7,663 | €5,245 | -€2,418 | -31.6% |
| Taxes | 450/3 | €7,663 | €5,245 | -€2,418 | -31.6% |
| Other amounts payable | 47/48 | €511,861 | €341,753 | -€170,107 | -33.2% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,717 | €76,915 | +€198 | +0.3% |
| Other operating charges | 640/8 | €16,252 | €15,924 | -€328 | -2.0% |
| Gross operating margin | 9900 | €224,345 | €194,291 | -€30,055 | -13.4% |
| Operating profit (loss) | 9901 | €131,377 | €101,452 | -€29,925 | -22.8% |
| Financial income | 75/76B | €517 | - | -€517 | |
| Recurring financial income | 75 | €517 | - | -€517 | |
| Financial charges | 65/66B | €35,022 | €34,913 | -€109 | -0.3% |
| Recurring financial charges | 65 | €35,022 | €34,913 | -€109 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €96,872 | €66,539 | -€30,333 | -31.3% |
| Income taxes | 67/77 | €20,561 | €17,148 | -€3,414 | -16.6% |
| Profit (loss) for the period | 9904 | €76,310 | €49,391 | -€26,919 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,310 | €49,391 | -€26,919 | -35.3% |
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 2 October 2026 via checked.be.