PIXELBAR: 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.
PIXELBAR
Largest movements
- Current investments +€187,500
up €187,500 (+750.0%), from €25,000 to €212,500
- Cash -€129,457
down €129,457 (-59.4%), from €217,790 to €88,333
mainly Contributions, distributions and other (-€224,976) and Current investments (-€187,500)
- Tangible fixed assets +€21,177
up €21,177 (+8.6%), from €245,049 to €266,225
of which Furniture and vehicles: +€29,625
- Other debts +€160,434
up €160,434 (+318.7%), from €50,340 to €210,774
- Reserves -€98,449
down €98,449 (-21.6%), from €455,610 to €357,161
of which Distributable reserves: -€98,449
- Tax, wage and social debts +€18,458
up €18,458 (+70.6%), from €26,126 to €44,584
of which Taxes: +€20,788
- Gross operating margin +€32,801
up €32,801 (+14.4%), from €227,155 to €259,956
- Taxes +€7,719
up €7,719 (+14.4%), from €53,586 to €61,305
- Depreciation +€7,584
up €7,584 (+71.0%), from €10,678 to €18,262
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 | €549,473 | €629,937 | +€80,465 | +14.6% |
| Fixed assets | 21/28 | €245,049 | €266,225 | +€21,177 | +8.6% |
| Tangible fixed assets | 22/27 | €245,049 | €266,225 | +€21,177 | +8.6% |
| Land and buildings | 22 | €239,762 | €231,314 | -€8,448 | -3.5% |
| Furniture and vehicles | 24 | €5,287 | €34,912 | +€29,625 | +560.4% |
| Current assets | 29/58 | €304,424 | €363,712 | +€59,288 | +19.5% |
| Amounts receivable within one year | 40/41 | €58,361 | €59,168 | +€807 | +1.4% |
| Trade receivables | 40 | €51,947 | €55,498 | +€3,551 | +6.8% |
| Other amounts receivable | 41 | €6,414 | €3,670 | -€2,743 | -42.8% |
| Current investments | 50/53 | €25,000 | €212,500 | +€187,500 | +750.0% |
| Cash at bank and in hand | 54/58 | €217,790 | €88,333 | -€129,457 | -59.4% |
| Deferred charges and accrued income | 490/1 | €3,272 | €3,710 | +€438 | +13.4% |
| Total equity and liabilities | 10/49 | €549,473 | €629,937 | +€80,465 | +14.6% |
| Equity | 10/15 | €468,010 | €369,561 | -€98,449 | -21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €455,610 | €357,161 | -€98,449 | -21.6% |
| 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 | €453,750 | €355,301 | -€98,449 | -21.7% |
| Amounts payable | 17/49 | €81,462 | €260,376 | +€178,914 | +219.6% |
| Amounts payable within one year | 42/48 | €80,043 | €259,191 | +€179,149 | +223.8% |
| Trade debts | 44 | €3,577 | €3,833 | +€257 | +7.2% |
| Suppliers | 440/4 | €3,577 | €3,833 | +€257 | +7.2% |
| Taxes, remuneration and social security | 45 | €26,126 | €44,584 | +€18,458 | +70.6% |
| Taxes | 450/3 | €17,147 | €37,935 | +€20,788 | +121.2% |
| Remuneration and social security | 454/9 | €8,979 | €6,649 | -€2,330 | -25.9% |
| Other amounts payable | 47/48 | €50,340 | €210,774 | +€160,434 | +318.7% |
| Accrued charges and deferred income | 492/3 | €1,420 | €1,185 | -€235 | -16.5% |
| Remuneration, social security and pensions | 62 | €51,393 | €51,404 | +€11 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,678 | €18,262 | +€7,584 | +71.0% |
| Other operating charges | 640/8 | €2,370 | €2,363 | -€6 | -0.3% |
| Gross operating margin | 9900 | €227,155 | €259,956 | +€32,801 | +14.4% |
| Operating profit (loss) | 9901 | €162,715 | €187,927 | +€25,212 | +15.5% |
| Financial income | 75/76B | €825 | €1 | -€824 | -99.9% |
| Recurring financial income | 75 | €825 | €1 | -€824 | -99.9% |
| Financial charges | 65/66B | €91 | €95 | +€4 | +4.8% |
| Recurring financial charges | 65 | €91 | €95 | +€4 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €163,449 | €187,832 | +€24,384 | +14.9% |
| Income taxes | 67/77 | €53,586 | €61,305 | +€7,719 | +14.4% |
| Profit (loss) for the period | 9904 | €109,863 | €126,527 | +€16,664 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,863 | €126,527 | +€16,664 | +15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.