PixelGhost: 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.
PixelGhost
Largest movements
- Cash -€76,279
down €76,279 (-67.3%), from €113,279 to €37,000
mainly Other debts (-€59,321) and Contributions, distributions and other (-€47,000)
- Other debts -€59,321
down €59,321 (-59.8%), from €99,272 to €39,951
- Tax, wage and social debts -€17,097
down €17,097 (-96.6%), from €17,693 to €596
- Profit (loss) carried forward +€1,586
new in 2025: €1,586
- Gross operating margin +€25,192
up €25,192 (+70.2%), from €35,878 to €61,070
- Taxes +€5,544
up €5,544 (+73.4%), from €7,549 to €13,093
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 | €123,388 | €47,504 | -€75,884 | -61.5% |
| Fixed assets | 21/28 | €1,074 | €549 | -€525 | -48.9% |
| Tangible fixed assets | 22/27 | €996 | €471 | -€525 | -52.7% |
| Furniture and vehicles | 24 | €996 | €471 | -€525 | -52.7% |
| Financial fixed assets | 28 | €78 | €78 | -€0 | -0.2% |
| Current assets | 29/58 | €122,314 | €46,955 | -€75,359 | -61.6% |
| Amounts receivable within one year | 40/41 | €8,502 | €9,513 | +€1,011 | +11.9% |
| Trade receivables | 40 | €7,860 | €9,129 | +€1,269 | +16.1% |
| Other amounts receivable | 41 | €642 | €384 | -€258 | -40.2% |
| Cash at bank and in hand | 54/58 | €113,279 | €37,000 | -€76,279 | -67.3% |
| Deferred charges and accrued income | 490/1 | €533 | €442 | -€91 | -17.1% |
| Total equity and liabilities | 10/49 | €123,388 | €47,504 | -€75,884 | -61.5% |
| Equity | 10/15 | €5,000 | €6,586 | +€1,586 | +31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,586 | +€1,586 | |
| Amounts payable | 17/49 | €118,388 | €40,918 | -€77,470 | -65.4% |
| Amounts payable within one year | 42/48 | €118,354 | €40,918 | -€77,436 | -65.4% |
| Trade debts | 44 | €1,389 | €371 | -€1,018 | -73.3% |
| Suppliers | 440/4 | €1,389 | €371 | -€1,018 | -73.3% |
| Taxes, remuneration and social security | 45 | €17,693 | €596 | -€17,097 | -96.6% |
| Taxes | 450/3 | €17,693 | €596 | -€17,097 | -96.6% |
| Other amounts payable | 47/48 | €99,272 | €39,951 | -€59,321 | -59.8% |
| Accrued charges and deferred income | 492/3 | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €525 | -€0 | 0.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.1% |
| Gross operating margin | 9900 | €35,878 | €61,070 | +€25,192 | +70.2% |
| Operating profit (loss) | 9901 | €34,902 | €60,080 | +€25,178 | +72.1% |
| Financial income | 75/76B | €1,248 | €1,661 | +€413 | +33.1% |
| Recurring financial income | 75 | €1,248 | €1,661 | +€413 | +33.1% |
| Financial charges | 65/66B | €125 | €62 | -€63 | -50.2% |
| Recurring financial charges | 65 | €125 | €62 | -€63 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €36,025 | €61,679 | +€25,654 | +71.2% |
| Income taxes | 67/77 | €7,549 | €13,093 | +€5,544 | +73.4% |
| Profit (loss) for the period | 9904 | €28,477 | €48,586 | +€20,109 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,477 | €48,586 | +€20,109 | +70.6% |
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.