Pixelair: 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.
Pixelair
Largest movements
- Receivables within one year +€22,900
up €22,900 (+115.3%), from €19,856 to €42,755
of which Trade receivables: +€25,875
- Cash -€19,413
down €19,413 (-29.8%), from €65,102 to €45,689
mainly Receivables within one year (-€22,900) and Trade debts (-€5,922)
- Tangible fixed assets -€1,065
down €1,065 (-61.4%), from €1,734 to €669
- Reserves +€10,839
up €10,839 (+20.5%), from €52,995 to €63,834
- Trade debts -€5,922
down €5,922 (-72.3%), from €8,192 to €2,270
- Tax, wage and social debts -€3,298
down €3,298 (-52.0%), from €6,341 to €3,042
- Gross operating margin +€19,652
up €19,652, from -€3,123 to €16,529
- Taxes +€2,893
up €2,893 (+1714.9%), from €169 to €3,062
- Other operating charges -€215
down €215 (-18.8%), from €1,144 to €930
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 | €88,514 | €90,460 | +€1,946 | +2.2% |
| Fixed assets | 21/28 | €3,232 | €1,666 | -€1,565 | -48.4% |
| Intangible fixed assets | 21 | €1,497 | €997 | -€500 | -33.4% |
| Tangible fixed assets | 22/27 | €1,734 | €669 | -€1,065 | -61.4% |
| Plant, machinery and equipment | 23 | €1,734 | €669 | -€1,065 | -61.4% |
| Current assets | 29/58 | €85,283 | €88,794 | +€3,511 | +4.1% |
| Amounts receivable within one year | 40/41 | €19,856 | €42,755 | +€22,900 | +115.3% |
| Trade receivables | 40 | €14,870 | €40,744 | +€25,875 | +174.0% |
| Other amounts receivable | 41 | €4,986 | €2,011 | -€2,975 | -59.7% |
| Cash at bank and in hand | 54/58 | €65,102 | €45,689 | -€19,413 | -29.8% |
| Deferred charges and accrued income | 490/1 | €325 | €350 | +€25 | +7.7% |
| Total equity and liabilities | 10/49 | €88,514 | €90,460 | +€1,946 | +2.2% |
| Equity | 10/15 | €61,995 | €72,834 | +€10,839 | +17.5% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €52,995 | €63,834 | +€10,839 | +20.5% |
| Distributable reserves | 133 | €52,995 | €63,834 | +€10,839 | +20.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,519 | €17,626 | -€8,893 | -33.5% |
| Amounts payable within one year | 42/48 | €26,519 | €17,626 | -€8,893 | -33.5% |
| Financial debts | 43 | €68 | €71 | +€3 | +4.5% |
| Credit institutions | 430/8 | €68 | €71 | +€3 | +4.5% |
| Trade debts | 44 | €8,192 | €2,270 | -€5,922 | -72.3% |
| Suppliers | 440/4 | €8,192 | €2,270 | -€5,922 | -72.3% |
| Taxes, remuneration and social security | 45 | €6,341 | €3,042 | -€3,298 | -52.0% |
| Taxes | 450/3 | €6,341 | €3,042 | -€3,298 | -52.0% |
| Other amounts payable | 47/48 | €11,918 | €12,242 | +€324 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €1,565 | -€5 | -0.3% |
| Other operating charges | 640/8 | €1,144 | €930 | -€215 | -18.8% |
| Gross operating margin | 9900 | -€3,123 | €16,529 | +€19,652 | |
| Operating profit (loss) | 9901 | -€5,837 | €14,034 | +€19,871 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €60 | €117 | +€56 | +94.0% |
| Recurring financial charges | 65 | €60 | €117 | +€56 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,897 | €13,918 | +€19,815 | |
| Income taxes | 67/77 | €169 | €3,062 | +€2,893 | +1714.9% |
| Profit (loss) for the period | 9904 | -€6,066 | €10,856 | +€16,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,066 | €10,856 | +€16,922 |
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 8 October 2026 via checked.be.