PIXEL MONKEYS: 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 MONKEYS
Largest movements
- Receivables within one year -€26,894
down €26,894 (-54.8%), from €49,078 to €22,184
of which Trade receivables: -€18,503
- Tangible fixed assets -€4,757
down €4,757 (-10.2%), from €46,525 to €41,768
of which Plant, machinery and equipment: -€5,066
- Cash +€3,090
up €3,090 (+8.8%), from €35,029 to €38,119
mainly Net result for the year (+€27,257) and Receivables within one year (+€26,894)
- Other debts -€19,913
down €19,913 (-29.1%), from €68,344 to €48,431
- Debts after one year -€7,906
down €7,906 (-38.2%), from €20,692 to €12,785
- Trade debts -€1,651
down €1,651 (-22.3%), from €7,393 to €5,742
- Gross operating margin +€13,354
up €13,354 (+27.1%), from €49,226 to €62,580
- Depreciation +€2,304
up €2,304 (+13.4%), from €17,139 to €19,443
- Taxes +€1,844
up €1,844 (+35.7%), from €5,170 to €7,014
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 | €136,002 | €106,988 | -€29,014 | -21.3% |
| Fixed assets | 21/28 | €47,294 | €42,008 | -€5,286 | -11.2% |
| Intangible fixed assets | 21 | €719 | €190 | -€529 | -73.6% |
| Tangible fixed assets | 22/27 | €46,525 | €41,768 | -€4,757 | -10.2% |
| Plant, machinery and equipment | 23 | €44,021 | €38,955 | -€5,066 | -11.5% |
| Furniture and vehicles | 24 | €2,503 | €2,813 | +€309 | +12.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €88,708 | €64,980 | -€23,728 | -26.7% |
| Amounts receivable within one year | 40/41 | €49,078 | €22,184 | -€26,894 | -54.8% |
| Trade receivables | 40 | €40,687 | €22,184 | -€18,503 | -45.5% |
| Other amounts receivable | 41 | €8,391 | - | -€8,391 | |
| Cash at bank and in hand | 54/58 | €35,029 | €38,119 | +€3,090 | +8.8% |
| Deferred charges and accrued income | 490/1 | €4,602 | €4,677 | +€75 | +1.6% |
| Total equity and liabilities | 10/49 | €136,002 | €106,988 | -€29,014 | -21.3% |
| Equity | 10/15 | €20,867 | €20,867 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,267 | €2,267 | = | 0.0% |
| 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 | €407 | €407 | = | 0.0% |
| Amounts payable | 17/49 | €115,135 | €86,121 | -€29,014 | -25.2% |
| Amounts payable after more than one year | 17 | €20,692 | €12,785 | -€7,906 | -38.2% |
| Financial debts | 170/4 | €20,692 | €12,785 | -€7,906 | -38.2% |
| Amounts payable within one year | 42/48 | €94,444 | €73,336 | -€21,108 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €7,446 | €7,906 | +€460 | +6.2% |
| Trade debts | 44 | €7,393 | €5,742 | -€1,651 | -22.3% |
| Suppliers | 440/4 | €7,393 | €5,742 | -€1,651 | -22.3% |
| Taxes, remuneration and social security | 45 | €11,261 | €11,256 | -€4 | 0.0% |
| Taxes | 450/3 | €8,025 | €7,984 | -€41 | -0.5% |
| Remuneration and social security | 454/9 | €3,236 | €3,273 | +€37 | +1.1% |
| Other amounts payable | 47/48 | €68,344 | €48,431 | -€19,913 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,139 | €19,443 | +€2,304 | +13.4% |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Gross operating margin | 9900 | €49,226 | €62,580 | +€13,354 | +27.1% |
| Operating profit (loss) | 9901 | €31,573 | €42,610 | +€11,037 | +35.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | +976% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +976% |
| Financial charges | 65/66B | €8,819 | €8,341 | -€478 | -5.4% |
| Recurring financial charges | 65 | €8,819 | €8,341 | -€478 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €22,754 | €34,271 | +€11,517 | +50.6% |
| Income taxes | 67/77 | €5,170 | €7,014 | +€1,844 | +35.7% |
| Profit (loss) for the period | 9904 | €17,584 | €27,257 | +€9,673 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,584 | €27,257 | +€9,673 | +55.0% |
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 14 October 2026 via checked.be.