PIXEL Vision: 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 Vision
Largest movements
- Tangible fixed assets +€24,248
up €24,248 (+708.4%), from €3,423 to €27,672
of which Furniture and vehicles: +€21,541
- Receivables within one year +€2,554
up €2,554 (+367.7%), from €695 to €3,249
of which Other amounts receivable: +€1,322
- Receivables after one year -€2,021
down €2,021 (-7.5%), from €26,827 to €24,806
- Intangible fixed assets -€1,499
down €1,499 (-76.3%), from €1,965 to €466
- Deferred charges and accrued income -€843
down €843 (-83.4%), from €1,011 to €168
- Debts after one year +€19,166
new in 2025: €19,166
- Current portion of long-term debt +€5,728
up €5,728 (+286.4%), from €2,000 to €7,728
- Other debts -€4,934
no longer reported in 2025 (was €4,934)
- Trade debts +€1,779
up €1,779 (+161.2%), from €1,104 to €2,883
- Reserves +€1,466
up €1,466 (+21.4%), from €6,857 to €8,323
- Depreciation +€5,781
up €5,781 (+148.4%), from €3,895 to €9,676
- Gross operating margin +€4,329
up €4,329 (+48.9%), from €8,861 to €13,190
- Taxes -€1,050
down €1,050 (-51.2%), from €2,050 to €999
- Financial charges +€787
up €787 (+176.5%), from €446 to €1,233
- Financial income +€410
up €410 (+60.8%), from €674 to €1,084
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 | €35,583 | €58,065 | +€22,482 | +63.2% |
| Fixed assets | 21/28 | €5,388 | €28,137 | +€22,749 | +422.2% |
| Intangible fixed assets | 21 | €1,965 | €466 | -€1,499 | -76.3% |
| Tangible fixed assets | 22/27 | €3,423 | €27,672 | +€24,248 | +708.4% |
| Plant, machinery and equipment | 23 | €38 | - | -€38 | |
| Furniture and vehicles | 24 | €3,151 | €24,692 | +€21,541 | +683.5% |
| Other tangible fixed assets | 26 | €233 | €2,979 | +€2,746 | +1177.8% |
| Current assets | 29/58 | €30,195 | €29,928 | -€267 | -0.9% |
| Amounts receivable after more than one year | 29 | €26,827 | €24,806 | -€2,021 | -7.5% |
| Other amounts receivable | 291 | €26,827 | €24,806 | -€2,021 | -7.5% |
| Amounts receivable within one year | 40/41 | €695 | €3,249 | +€2,554 | +367.7% |
| Trade receivables | 40 | €542 | €1,774 | +€1,232 | +227.3% |
| Other amounts receivable | 41 | €153 | €1,475 | +€1,322 | +865.9% |
| Cash at bank and in hand | 54/58 | €1,662 | €1,705 | +€43 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,011 | €168 | -€843 | -83.4% |
| Total equity and liabilities | 10/49 | €35,583 | €58,065 | +€22,482 | +63.2% |
| Equity | 10/15 | €25,457 | €26,923 | +€1,466 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,857 | €8,323 | +€1,466 | +21.4% |
| Distributable reserves | 133 | €6,857 | €8,323 | +€1,466 | +21.4% |
| Amounts payable | 17/49 | €10,126 | €31,143 | +€21,016 | +207.5% |
| Amounts payable after more than one year | 17 | - | €19,166 | +€19,166 | |
| Financial debts | 170/4 | - | €19,166 | +€19,166 | |
| Amounts payable within one year | 42/48 | €9,858 | €11,879 | +€2,021 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | €7,728 | +€5,728 | +286.4% |
| Trade debts | 44 | €1,104 | €2,883 | +€1,779 | +161.2% |
| Suppliers | 440/4 | €1,104 | €2,883 | +€1,779 | +161.2% |
| Taxes, remuneration and social security | 45 | €1,820 | €1,268 | -€553 | -30.4% |
| Taxes | 450/3 | €1,820 | €1,268 | -€553 | -30.4% |
| Other amounts payable | 47/48 | €4,934 | - | -€4,934 | |
| Accrued charges and deferred income | 492/3 | €268 | €97 | -€171 | -63.7% |
| Non-recurring operating income | 76A | - | €1,357 | +€1,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,895 | €9,676 | +€5,781 | +148.4% |
| Other operating charges | 640/8 | €1,207 | €901 | -€307 | -25.4% |
| Gross operating margin | 9900 | €8,861 | €13,190 | +€4,329 | +48.9% |
| Operating profit (loss) | 9901 | €3,759 | €2,614 | -€1,145 | -30.5% |
| Financial income | 75/76B | €674 | €1,084 | +€410 | +60.8% |
| Recurring financial income | 75 | €674 | €1,084 | +€410 | +60.8% |
| Financial charges | 65/66B | €446 | €1,233 | +€787 | +176.5% |
| Recurring financial charges | 65 | €446 | €1,233 | +€787 | +176.5% |
| Profit (loss) for the period before taxes | 9903 | €3,987 | €2,465 | -€1,522 | -38.2% |
| Income taxes | 67/77 | €2,050 | €999 | -€1,050 | -51.2% |
| Profit (loss) for the period | 9904 | €1,938 | €1,466 | -€472 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,938 | €1,466 | -€472 | -24.4% |
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 11 October 2026 via checked.be.