Pixelmind: 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.
Pixelmind
Largest movements
- Cash +€51,534
up €51,534 (+576.1%), from €8,945 to €60,478
mainly Depreciation (+€55,384) and Net result for the year (+€39,254)
- Tangible fixed assets -€44,512
down €44,512 (-6.4%), from €699,863 to €655,351
- Reserves +€39,254
up €39,254 (+17.8%), from €220,657 to €259,910
- Debts after one year -€27,775
down €27,775 (-7.1%), from €389,910 to €362,135
- Current portion of long-term debt -€15,626
down €15,626 (-36.0%), from €43,400 to €27,775
- Other debts +€8,982
up €8,982 (+28.7%), from €31,256 to €40,238
- Gross operating margin -€6,055
down €6,055 (-4.5%), from €134,180 to €128,125
- Depreciation +€2,821
up €2,821 (+5.4%), from €52,563 to €55,384
- Taxes -€2,236
down €2,236 (-13.1%), from €17,055 to €14,819
- Financial charges -€1,352
down €1,352 (-9.3%), from €14,465 to €13,113
of which Financial charges: -€1,352
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 | €720,900 | €727,042 | +€6,142 | +0.9% |
| Fixed assets | 21/28 | €709,863 | €665,351 | -€44,512 | -6.3% |
| Tangible fixed assets | 22/27 | €699,863 | €655,351 | -€44,512 | -6.4% |
| Land and buildings | 22 | €446,506 | €429,195 | -€17,311 | -3.9% |
| Plant, machinery and equipment | 23 | €25,447 | €23,171 | -€2,277 | -8.9% |
| Furniture and vehicles | 24 | €32,787 | €23,960 | -€8,826 | -26.9% |
| Other tangible fixed assets | 26 | €195,123 | €179,025 | -€16,098 | -8.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €11,037 | €61,691 | +€50,654 | +459.0% |
| Amounts receivable within one year | 40/41 | €2,092 | €1,213 | -€879 | -42.0% |
| Trade receivables | 40 | €0 | €1,213 | +€1,213 | |
| Other amounts receivable | 41 | €2,092 | €0 | -€2,092 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,945 | €60,478 | +€51,534 | +576.1% |
| Total equity and liabilities | 10/49 | €720,900 | €727,042 | +€6,142 | +0.9% |
| Equity | 10/15 | €239,257 | €278,510 | +€39,254 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,657 | €259,910 | +€39,254 | +17.8% |
| Distributable reserves | 133 | €220,657 | €259,910 | +€39,254 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €481,643 | €448,532 | -€33,111 | -6.9% |
| Amounts payable after more than one year | 17 | €389,910 | €362,135 | -€27,775 | -7.1% |
| Financial debts | 170/4 | €389,910 | €362,135 | -€27,775 | -7.1% |
| Amounts payable within one year | 42/48 | €89,729 | €84,029 | -€5,700 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €43,400 | €27,775 | -€15,626 | -36.0% |
| Trade debts | 44 | €9,474 | €3,225 | -€6,249 | -66.0% |
| Suppliers | 440/4 | €9,474 | €3,225 | -€6,249 | -66.0% |
| Taxes, remuneration and social security | 45 | €5,599 | €12,792 | +€7,193 | +128.5% |
| Taxes | 450/3 | €5,599 | €12,792 | +€7,193 | +128.5% |
| Other amounts payable | 47/48 | €31,256 | €40,238 | +€8,982 | +28.7% |
| Accrued charges and deferred income | 492/3 | €2,003 | €2,367 | +€363 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,563 | €55,384 | +€2,821 | +5.4% |
| Other operating charges | 640/8 | €3,951 | €5,071 | +€1,120 | +28.4% |
| Non-recurring operating charges | 66A | €399 | €502 | +€103 | +26.0% |
| Gross operating margin | 9900 | €134,180 | €128,125 | -€6,055 | -4.5% |
| Operating profit (loss) | 9901 | €77,267 | €67,167 | -€10,100 | -13.1% |
| Financial income | 75/76B | €472 | €18 | -€454 | -96.1% |
| Recurring financial income | 75 | €472 | €18 | -€454 | -96.1% |
| Financial charges | 65/66B | €14,465 | €13,113 | -€1,352 | -9.3% |
| Recurring financial charges | 65 | €14,465 | €13,113 | -€1,352 | -9.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €63,274 | €54,072 | -€9,202 | -14.5% |
| Income taxes | 67/77 | €17,055 | €14,819 | -€2,236 | -13.1% |
| Profit (loss) for the period | 9904 | €46,220 | €39,254 | -€6,966 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,220 | €39,254 | -€6,966 | -15.1% |
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 28 September 2026 via checked.be.