PIXELO: 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.
PIXELO
Largest movements
- Cash +€5,016
up €5,016 (+20.2%), from €24,847 to €29,863
mainly Net result for the year (+€3,383) and Receivables within one year (+€2,892)
- Receivables within one year -€2,892
down €2,892 (-16.9%), from €17,062 to €14,171
of which Other amounts receivable: -€1,704
- Tangible fixed assets -€1,312
down €1,312 (-59.8%), from €2,193 to €881
- Profit (loss) carried forward +€3,383
up €3,383 (+18.8%), from €18,030 to €21,414
- Tax, wage and social debts -€2,483
down €2,483 (-55.0%), from €4,515 to €2,033
of which Remuneration and social security: -€2,461
- Gross operating margin +€1,511
up €1,511 (+33.0%), from €4,572 to €6,083
- Taxes +€380
up €380 (+76.0%), from €500 to €880
- Depreciation -€193
down €193 (-12.8%), from €1,505 to €1,312
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 | €44,102 | €44,973 | +€871 | +2.0% |
| Fixed assets | 21/28 | €2,193 | €881 | -€1,312 | -59.8% |
| Tangible fixed assets | 22/27 | €2,193 | €881 | -€1,312 | -59.8% |
| Furniture and vehicles | 24 | €2,193 | €881 | -€1,312 | -59.8% |
| Current assets | 29/58 | €41,909 | €44,092 | +€2,183 | +5.2% |
| Amounts receivable within one year | 40/41 | €17,062 | €14,171 | -€2,892 | -16.9% |
| Trade receivables | 40 | €14,505 | €13,317 | -€1,188 | -8.2% |
| Other amounts receivable | 41 | €2,558 | €854 | -€1,704 | -66.6% |
| Cash at bank and in hand | 54/58 | €24,847 | €29,863 | +€5,016 | +20.2% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €44,102 | €44,973 | +€871 | +2.0% |
| Equity | 10/15 | €38,490 | €41,874 | +€3,383 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,030 | €21,414 | +€3,383 | +18.8% |
| Amounts payable | 17/49 | €5,612 | €3,099 | -€2,512 | -44.8% |
| Amounts payable within one year | 42/48 | €5,612 | €3,099 | -€2,512 | -44.8% |
| Trade debts | 44 | €1,096 | €1,067 | -€30 | -2.7% |
| Suppliers | 440/4 | €1,096 | €1,067 | -€30 | -2.7% |
| Taxes, remuneration and social security | 45 | €4,515 | €2,033 | -€2,483 | -55.0% |
| Taxes | 450/3 | €2,054 | €2,033 | -€22 | -1.1% |
| Remuneration and social security | 454/9 | €2,461 | - | -€2,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,505 | €1,312 | -€193 | -12.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,572 | €6,083 | +€1,511 | +33.0% |
| Operating profit (loss) | 9901 | €2,680 | €4,371 | +€1,691 | +63.1% |
| Financial income | 75/76B | €30 | €23 | -€7 | -23.2% |
| Recurring financial income | 75 | €30 | €23 | -€7 | -23.2% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €2,593 | €4,263 | +€1,670 | +64.4% |
| Income taxes | 67/77 | €500 | €880 | +€380 | +76.0% |
| Profit (loss) for the period | 9904 | €2,093 | €3,383 | +€1,290 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,093 | €3,383 | +€1,290 | +61.6% |
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 7 October 2026 via checked.be.