PIXELFABRIK: 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.
PIXELFABRIK
Largest movements
- Receivables within one year -€18,299
down €18,299 (-53.8%), from €34,002 to €15,703
of which Other amounts receivable: -€18,299
- Cash +€16,134
up €16,134, from €0 to €16,134
mainly Receivables within one year (+€18,299) and Net result for the year (+€4,968)
- Tangible fixed assets +€2,999
up €2,999 (+150%), from €1,993 to €4,992
of which Plant, machinery and equipment: +€4,105
- Reserves +€4,968
up €4,968 (+18.3%), from €27,148 to €32,116
- Debts after one year -€4,012
down €4,012 (-51.1%), from €7,843 to €3,832
- Short-term financial debts -€1,364
down €1,364 (-24.7%), from €5,512 to €4,148
- Trade debts +€850
up €850 (+32.4%), from €2,619 to €3,469
- Gross operating margin -€5,460
down €5,460 (-35.0%), from €15,588 to €10,129
- Other operating charges -€1,171
down €1,171 (-45.7%), from €2,561 to €1,390
- Financial income +€956
up €956 (+525%), from €182 to €1,138
- Taxes -€300
down €300 (-11.3%), from €2,659 to €2,359
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 | €70,811 | €71,538 | +€727 | +1.0% |
| Fixed assets | 21/28 | €21,997 | €24,995 | +€2,999 | +13.6% |
| Tangible fixed assets | 22/27 | €1,993 | €4,992 | +€2,999 | +150% |
| Plant, machinery and equipment | 23 | - | €4,105 | +€4,105 | |
| Furniture and vehicles | 24 | €1,993 | €887 | -€1,106 | -55.5% |
| Financial fixed assets | 28 | €20,004 | €20,004 | = | 0.0% |
| Current assets | 29/58 | €48,814 | €46,543 | -€2,271 | -4.7% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,002 | €15,703 | -€18,299 | -53.8% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €24,322 | €6,023 | -€18,299 | -75.2% |
| Current investments | 50/53 | €150 | €150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €16,134 | +€16,134 | |
| Deferred charges and accrued income | 490/1 | €662 | €555 | -€107 | -16.2% |
| Total equity and liabilities | 10/49 | €70,811 | €71,538 | +€727 | +1.0% |
| Equity | 10/15 | €45,748 | €50,716 | +€4,968 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,148 | €32,116 | +€4,968 | +18.3% |
| Distributable reserves | 133 | €27,148 | €32,116 | +€4,968 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,063 | €20,822 | -€4,241 | -16.9% |
| Amounts payable after more than one year | 17 | €7,843 | €3,832 | -€4,012 | -51.1% |
| Financial debts | 170/4 | €7,843 | €3,832 | -€4,012 | -51.1% |
| Amounts payable within one year | 42/48 | €17,220 | €16,991 | -€229 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €3,844 | €4,012 | +€168 | +4.4% |
| Financial debts | 43 | €5,512 | €4,148 | -€1,364 | -24.7% |
| Credit institutions | 430/8 | €5,512 | €4,148 | -€1,364 | -24.7% |
| Trade debts | 44 | €2,619 | €3,469 | +€850 | +32.4% |
| Suppliers | 440/4 | €2,619 | €3,469 | +€850 | +32.4% |
| Taxes, remuneration and social security | 45 | €5,245 | €5,362 | +€117 | +2.2% |
| Taxes | 450/3 | €5,245 | €5,362 | +€117 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €1,115 | +€28 | +2.5% |
| Other operating charges | 640/8 | €2,561 | €1,390 | -€1,171 | -45.7% |
| Gross operating margin | 9900 | €15,588 | €10,129 | -€5,460 | -35.0% |
| Operating profit (loss) | 9901 | €11,939 | €7,623 | -€4,316 | -36.2% |
| Financial income | 75/76B | €182 | €1,138 | +€956 | +525% |
| Recurring financial income | 75 | €182 | €1,138 | +€956 | +525% |
| Financial charges | 65/66B | €1,316 | €1,433 | +€117 | +8.9% |
| Recurring financial charges | 65 | €1,316 | €1,433 | +€117 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €10,805 | €7,327 | -€3,478 | -32.2% |
| Income taxes | 67/77 | €2,659 | €2,359 | -€300 | -11.3% |
| Profit (loss) for the period | 9904 | €8,146 | €4,968 | -€3,178 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,146 | €4,968 | -€3,178 | -39.0% |
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 23 October 2026 via checked.be.