Pixel Perfect: 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 Perfect
Largest movements
- Receivables within one year -€10,039
down €10,039 (-58.8%), from €17,079 to €7,040
of which Trade receivables: -€11,388
- Tangible fixed assets +€4,628
up €4,628 (+41.7%), from €11,096 to €15,724
of which Furniture and vehicles: +€4,056
- Cash -€1,282
down €1,282 (-3.1%), from €41,824 to €40,542
mainly Contributions, distributions and other (-€88,824) and Investment in fixed assets (net) (-€9,349)
- Profit (loss) carried forward -€43,347
down €43,347 (-67.3%), from €64,376 to €21,028
- Other debts +€35,294
up €35,294, from €0 to €35,294
- Gross operating margin +€12,972
up €12,972 (+22.3%), from €58,143 to €71,115
- Financial charges +€10,342
up €10,342 (+414%), from €2,500 to €12,841
- Financial income +€3,891
up €3,891 (+466%), from €835 to €4,726
- Taxes +€1,529
up €1,529 (+14.3%), from €10,729 to €12,258
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 | €70,887 | €64,206 | -€6,681 | -9.4% |
| Fixed assets | 21/28 | €11,096 | €15,724 | +€4,628 | +41.7% |
| Tangible fixed assets | 22/27 | €11,096 | €15,724 | +€4,628 | +41.7% |
| Plant, machinery and equipment | 23 | €7,106 | €6,115 | -€991 | -13.9% |
| Furniture and vehicles | 24 | €941 | €4,997 | +€4,056 | +431% |
| Other tangible fixed assets | 26 | €3,049 | €4,612 | +€1,563 | +51.3% |
| Current assets | 29/58 | €59,791 | €48,482 | -€11,309 | -18.9% |
| Amounts receivable within one year | 40/41 | €17,079 | €7,040 | -€10,039 | -58.8% |
| Trade receivables | 40 | €12,096 | €708 | -€11,388 | -94.1% |
| Other amounts receivable | 41 | €4,983 | €6,332 | +€1,349 | +27.1% |
| Cash at bank and in hand | 54/58 | €41,824 | €40,542 | -€1,282 | -3.1% |
| Deferred charges and accrued income | 490/1 | €888 | €900 | +€12 | +1.4% |
| Total equity and liabilities | 10/49 | €70,887 | €64,206 | -€6,681 | -9.4% |
| Equity | 10/15 | €69,376 | €26,028 | -€43,347 | -62.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,376 | €21,028 | -€43,347 | -67.3% |
| Amounts payable | 17/49 | €1,512 | €38,178 | +€36,666 | +2,426% |
| Amounts payable within one year | 42/48 | €1,512 | €38,178 | +€36,666 | +2,426% |
| Trade debts | 44 | €1,512 | €2,175 | +€664 | +43.9% |
| Suppliers | 440/4 | €1,512 | €2,175 | +€664 | +43.9% |
| Advances received on contracts in progress | 46 | - | €708 | +€708 | |
| Other amounts payable | 47/48 | €0 | €35,294 | +€35,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,350 | €4,721 | +€371 | +8.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €58,143 | €71,115 | +€12,972 | +22.3% |
| Operating profit (loss) | 9901 | €53,265 | €65,850 | +€12,585 | +23.6% |
| Financial income | 75/76B | €835 | €4,726 | +€3,891 | +466% |
| Recurring financial income | 75 | €835 | €4,726 | +€3,891 | +466% |
| Financial charges | 65/66B | €2,500 | €12,841 | +€10,342 | +414% |
| Recurring financial charges | 65 | €2,500 | €12,841 | +€10,342 | +414% |
| Profit (loss) for the period before taxes | 9903 | €51,600 | €57,735 | +€6,134 | +11.9% |
| Income taxes | 67/77 | €10,729 | €12,258 | +€1,529 | +14.3% |
| Profit (loss) for the period | 9904 | €40,871 | €45,476 | +€4,605 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,871 | €45,476 | +€4,605 | +11.3% |
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 31 October 2026 via checked.be.