Pixeleo: 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.
Pixeleo
Largest movements
- Cash -€17,729
down €17,729 (-23.3%), from €76,188 to €58,459
mainly Tax, wage and social debts (-€9,593) and Trade debts (-€7,359)
- Receivables within one year -€6,180
down €6,180 (-59.7%), from €10,348 to €4,168
of which Other amounts receivable: -€5,985
- Tangible fixed assets +€3,392
up €3,392 (+71.0%), from €4,776 to €8,168
of which Furniture and vehicles: +€4,086
- Tax, wage and social debts -€9,593
down €9,593 (-60.9%), from €15,761 to €6,168
- Trade debts -€7,359
down €7,359 (-72.3%), from €10,179 to €2,820
- Other debts -€5,609
down €5,609 (-37.1%), from €15,135 to €9,525
- Reserves +€1,904
up €1,904 (+3.7%), from €51,358 to €53,263
- Gross operating margin -€29,219
down €29,219 (-78.7%), from €37,131 to €7,912
- Taxes -€8,539
down €8,539 (-86.4%), from €9,886 to €1,347
- Other operating charges +€635
up €635 (+92.5%), from €687 to €1,322
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 | €92,433 | €71,776 | -€20,657 | -22.3% |
| Fixed assets | 21/28 | €4,806 | €8,198 | +€3,392 | +70.6% |
| Tangible fixed assets | 22/27 | €4,776 | €8,168 | +€3,392 | +71.0% |
| Furniture and vehicles | 24 | €1,148 | €5,234 | +€4,086 | +355.8% |
| Other tangible fixed assets | 26 | €3,627 | €2,934 | -€694 | -19.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €87,627 | €63,578 | -€24,049 | -27.4% |
| Amounts receivable within one year | 40/41 | €10,348 | €4,168 | -€6,180 | -59.7% |
| Trade receivables | 40 | €363 | €168 | -€195 | -53.7% |
| Other amounts receivable | 41 | €9,985 | €4,000 | -€5,985 | -59.9% |
| Cash at bank and in hand | 54/58 | €76,188 | €58,459 | -€17,729 | -23.3% |
| Deferred charges and accrued income | 490/1 | €1,090 | €950 | -€140 | -12.8% |
| Total equity and liabilities | 10/49 | €92,433 | €71,776 | -€20,657 | -22.3% |
| Equity | 10/15 | €51,358 | €53,263 | +€1,904 | +3.7% |
| Reserves | 13 | €51,358 | €53,263 | +€1,904 | +3.7% |
| Distributable reserves | 133 | €51,358 | €53,263 | +€1,904 | +3.7% |
| Amounts payable | 17/49 | €41,075 | €18,513 | -€22,561 | -54.9% |
| Amounts payable within one year | 42/48 | €41,075 | €18,513 | -€22,561 | -54.9% |
| Trade debts | 44 | €10,179 | €2,820 | -€7,359 | -72.3% |
| Suppliers | 440/4 | €10,179 | €2,820 | -€7,359 | -72.3% |
| Taxes, remuneration and social security | 45 | €15,761 | €6,168 | -€9,593 | -60.9% |
| Taxes | 450/3 | €15,761 | €6,168 | -€9,593 | -60.9% |
| Other amounts payable | 47/48 | €15,135 | €9,525 | -€5,609 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €2,081 | +€159 | +8.3% |
| Other operating charges | 640/8 | €687 | €1,322 | +€635 | +92.5% |
| Gross operating margin | 9900 | €37,131 | €7,912 | -€29,219 | -78.7% |
| Operating profit (loss) | 9901 | €34,522 | €4,508 | -€30,013 | -86.9% |
| Financial charges | 65/66B | €985 | €1,257 | +€272 | +27.6% |
| Recurring financial charges | 65 | €985 | €1,257 | +€272 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €33,537 | €3,251 | -€30,286 | -90.3% |
| Income taxes | 67/77 | €9,886 | €1,347 | -€8,539 | -86.4% |
| Profit (loss) for the period | 9904 | €23,651 | €1,904 | -€21,747 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,651 | €1,904 | -€21,747 | -91.9% |
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 4 October 2026 via checked.be.