PIXELGURU: 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.
PIXELGURU
Largest movements
- Tangible fixed assets -€24,123
down €24,123 (-14.8%), from €162,919 to €138,796
of which Furniture and vehicles: -€18,061
- Cash +€16,224
up €16,224 (+44.3%), from €36,639 to €52,863
mainly Depreciation (+€25,246) and Receivables within one year (+€2,195)
- Receivables within one year -€2,195
down €2,195 (-38.5%), from €5,709 to €3,513
- Trade debts -€3,506
down €3,506 (-58.7%), from €5,976 to €2,470
- Reserves -€2,355
down €2,355 (-20.0%), from €11,805 to €9,450
of which Tax-exempt reserves: -€2,355
- Financial income -€15,445
down €15,445 (-97.9%), from €15,777 to €331
of which Non-recurring financial income: -€15,702
- Depreciation +€10,809
up €10,809 (+74.9%), from €14,438 to €25,246
- Gross operating margin +€1,724
up €1,724 (+8.1%), from €21,153 to €22,876
- Other operating charges -€1,442
down €1,442 (-44.3%), from €3,257 to €1,815
- Taxes +€288
up €288 (+1,297%), from €22 to €311
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 | €209,269 | €200,662 | -€8,608 | -4.1% |
| Fixed assets | 21/28 | €162,919 | €138,796 | -€24,123 | -14.8% |
| Tangible fixed assets | 22/27 | €162,919 | €138,796 | -€24,123 | -14.8% |
| Land and buildings | 22 | €79,975 | €74,263 | -€5,713 | -7.1% |
| Furniture and vehicles | 24 | €80,495 | €62,434 | -€18,061 | -22.4% |
| Other tangible fixed assets | 26 | €2,449 | €2,099 | -€350 | -14.3% |
| Current assets | 29/58 | €46,350 | €61,866 | +€15,516 | +33.5% |
| Stocks and contracts in progress | 3 | €1,199 | €2,347 | +€1,148 | +95.8% |
| Stocks | 30/36 | €1,199 | €2,347 | +€1,148 | +95.8% |
| Amounts receivable within one year | 40/41 | €5,709 | €3,513 | -€2,195 | -38.5% |
| Trade receivables | 40 | €5,709 | €3,513 | -€2,195 | -38.5% |
| Cash at bank and in hand | 54/58 | €36,639 | €52,863 | +€16,224 | +44.3% |
| Deferred charges and accrued income | 490/1 | €2,803 | €3,142 | +€339 | +12.1% |
| Total equity and liabilities | 10/49 | €209,269 | €200,662 | -€8,608 | -4.1% |
| Equity | 10/15 | €84,728 | €81,035 | -€3,693 | -4.4% |
| Contributions | 10/11 | €70,900 | €70,900 | = | 0.0% |
| Reserves | 13 | €11,805 | €9,450 | -€2,355 | -20.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,805 | €8,450 | -€2,355 | -21.8% |
| Profit (loss) carried forward | 14 | €2,023 | €685 | -€1,338 | -66.1% |
| Provisions and deferred taxes | 16 | €3,602 | €2,817 | -€785 | -21.8% |
| Deferred taxes | 168 | €3,602 | €2,817 | -€785 | -21.8% |
| Amounts payable | 17/49 | €120,939 | €116,810 | -€4,129 | -3.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,954 | €16,810 | -€3,144 | -15.8% |
| Trade debts | 44 | €5,976 | €2,470 | -€3,506 | -58.7% |
| Suppliers | 440/4 | €5,976 | €2,470 | -€3,506 | -58.7% |
| Taxes, remuneration and social security | 45 | €2,348 | €2,845 | +€497 | +21.1% |
| Taxes | 450/3 | €2,348 | €2,845 | +€497 | +21.1% |
| Other amounts payable | 47/48 | €11,630 | €11,495 | -€134 | -1.2% |
| Accrued charges and deferred income | 492/3 | €985 | - | -€985 | |
| Non-recurring operating income | 76A | €1,600 | €62 | -€1,538 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,438 | €25,246 | +€10,809 | +74.9% |
| Other operating charges | 640/8 | €3,257 | €1,815 | -€1,442 | -44.3% |
| Gross operating margin | 9900 | €21,153 | €22,876 | +€1,724 | +8.1% |
| Operating profit (loss) | 9901 | €3,458 | -€4,185 | -€7,643 | |
| Financial income | 75/76B | €15,777 | €331 | -€15,445 | -97.9% |
| Recurring financial income | 75 | €74 | €331 | +€257 | +347% |
| Non-recurring financial income | 76B | €15,702 | - | -€15,702 | |
| Financial charges | 65/66B | €166 | €314 | +€148 | +89.5% |
| Recurring financial charges | 65 | €166 | €314 | +€148 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | €19,069 | -€4,168 | -€23,237 | |
| Transfer from deferred taxes | 780 | €324 | €785 | +€461 | +142% |
| Transfer to deferred taxes | 680 | €3,926 | - | -€3,926 | |
| Income taxes | 67/77 | €22 | €311 | +€288 | +1,297% |
| Profit (loss) for the period | 9904 | €15,445 | -€3,693 | -€19,138 | |
| Transfer from tax-exempt reserves | 789 | €972 | €2,355 | +€1,384 | +142% |
| Transfer to tax-exempt reserves | 689 | €11,777 | - | -€11,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,640 | -€1,338 | -€5,978 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.