Pixeline: 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.
Pixeline
Largest movements
- Receivables within one year -€2,331
down €2,331 (-14.2%), from €16,459 to €14,128
- Receivables after one year -€1,173
down €1,173 (-5.4%), from €21,608 to €20,435
- Tangible fixed assets -€608
down €608 (-32.8%), from €1,856 to €1,248
- Cash -€564
down €564 (-12.4%), from €4,529 to €3,965
mainly Net result for the year (-€2,234) and Current portion of long-term debt (-€1,590)
- Profit (loss) carried forward -€2,234
down €2,234 (-33.0%), from €6,763 to €4,529
- Current portion of long-term debt -€1,590
down €1,590 (-100.0%), from €1,590 to €0
- Trade debts -€471
down €471 (-21.2%), from €2,225 to €1,754
- Gross operating margin +€4,147
up €4,147 (+64.9%), from -€6,392 to -€2,245
- Financial income -€229
down €229 (-13.6%), from €1,682 to €1,453
- Depreciation -€188
down €188 (-20.2%), from €933 to €744
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 | €45,131 | €40,595 | -€4,535 | -10.0% |
| Fixed assets | 21/28 | €1,856 | €1,248 | -€608 | -32.8% |
| Tangible fixed assets | 22/27 | €1,856 | €1,248 | -€608 | -32.8% |
| Furniture and vehicles | 24 | €1,856 | €1,248 | -€608 | -32.8% |
| Current assets | 29/58 | €43,274 | €39,347 | -€3,927 | -9.1% |
| Amounts receivable after more than one year | 29 | €21,608 | €20,435 | -€1,173 | -5.4% |
| Other amounts receivable | 291 | €21,608 | €20,435 | -€1,173 | -5.4% |
| Amounts receivable within one year | 40/41 | €16,459 | €14,128 | -€2,331 | -14.2% |
| Other amounts receivable | 41 | €16,459 | €14,128 | -€2,331 | -14.2% |
| Cash at bank and in hand | 54/58 | €4,529 | €3,965 | -€564 | -12.4% |
| Deferred charges and accrued income | 490/1 | €678 | €819 | +€141 | +20.7% |
| Total equity and liabilities | 10/49 | €45,131 | €40,595 | -€4,535 | -10.0% |
| Equity | 10/15 | €41,076 | €38,841 | -€2,234 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,113 | €28,113 | = | 0.0% |
| Distributable reserves | 133 | €28,113 | €28,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,763 | €4,529 | -€2,234 | -33.0% |
| Amounts payable | 17/49 | €4,055 | €1,754 | -€2,301 | -56.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,055 | €1,754 | -€2,301 | -56.7% |
| Current portion of amounts payable after more than one year | 42 | €1,590 | €0 | -€1,590 | -100.0% |
| Trade debts | 44 | €2,225 | €1,754 | -€471 | -21.2% |
| Suppliers | 440/4 | €2,225 | €1,754 | -€471 | -21.2% |
| Taxes, remuneration and social security | 45 | €240 | €0 | -€240 | -100.0% |
| Taxes | 450/3 | €240 | €0 | -€240 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €744 | -€188 | -20.2% |
| Other operating charges | 640/8 | €484 | €500 | +€16 | +3.2% |
| Gross operating margin | 9900 | -€6,392 | -€2,245 | +€4,147 | +64.9% |
| Operating profit (loss) | 9901 | -€7,809 | -€3,490 | +€4,319 | +55.3% |
| Financial income | 75/76B | €1,682 | €1,453 | -€229 | -13.6% |
| Recurring financial income | 75 | €1,682 | €1,453 | -€229 | -13.6% |
| Financial charges | 65/66B | €261 | €197 | -€64 | -24.4% |
| Recurring financial charges | 65 | €261 | €197 | -€64 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,388 | -€2,234 | +€4,154 | +65.0% |
| Profit (loss) for the period | 9904 | -€6,388 | -€2,234 | +€4,154 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,388 | -€2,234 | +€4,154 | +65.0% |
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.