PIXELS AND MORE: 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.
PIXELS AND MORE
Largest movements
- Cash +€20,971
up €20,971 (+10.3%), from €203,673 to €224,644
mainly Net result for the year (+€29,243) and Depreciation (+€22,688)
- Tangible fixed assets -€17,434
down €17,434 (-25.7%), from €67,952 to €50,518
of which Plant, machinery and equipment: -€13,293
- Receivables within one year +€7,559
up €7,559 (+10.4%), from €72,838 to €80,396
of which Trade receivables: +€7,265
- Deferred charges and accrued income -€4,007
down €4,007 (-25.7%), from €15,582 to €11,575
- Reserves +€29,000
up €29,000 (+10.5%), from €277,052 to €306,052
of which Distributable reserves: +€29,000
- Tax, wage and social debts -€20,132
down €20,132 (-34.7%), from €57,968 to €37,836
of which Taxes: -€26,764
- Gross operating margin -€36,084
down €36,084 (-35.2%), from €102,583 to €66,499
- Taxes -€7,926
down €7,926 (-40.6%), from €19,517 to €11,591
- Depreciation -€6,622
down €6,622 (-22.6%), from €29,310 to €22,688
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,045 | €367,134 | +€7,089 | +2.0% |
| Fixed assets | 21/28 | €67,952 | €50,518 | -€17,434 | -25.7% |
| Tangible fixed assets | 22/27 | €67,952 | €50,518 | -€17,434 | -25.7% |
| Plant, machinery and equipment | 23 | €57,467 | €44,174 | -€13,293 | -23.1% |
| Furniture and vehicles | 24 | €10,486 | €6,344 | -€4,141 | -39.5% |
| Current assets | 29/58 | €292,093 | €316,616 | +€24,523 | +8.4% |
| Amounts receivable within one year | 40/41 | €72,838 | €80,396 | +€7,559 | +10.4% |
| Trade receivables | 40 | €69,722 | €76,987 | +€7,265 | +10.4% |
| Other amounts receivable | 41 | €3,116 | €3,409 | +€293 | +9.4% |
| Cash at bank and in hand | 54/58 | €203,673 | €224,644 | +€20,971 | +10.3% |
| Deferred charges and accrued income | 490/1 | €15,582 | €11,575 | -€4,007 | -25.7% |
| Total equity and liabilities | 10/49 | €360,045 | €367,134 | +€7,089 | +2.0% |
| Equity | 10/15 | €287,819 | €317,063 | +€29,243 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €277,052 | €306,052 | +€29,000 | +10.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €275,192 | €304,192 | +€29,000 | +10.5% |
| Profit (loss) carried forward | 14 | €4,568 | €4,811 | +€243 | +5.3% |
| Amounts payable | 17/49 | €72,226 | €50,071 | -€22,154 | -30.7% |
| Amounts payable within one year | 42/48 | €63,828 | €42,384 | -€21,444 | -33.6% |
| Trade debts | 44 | €5,860 | €3,489 | -€2,371 | -40.5% |
| Suppliers | 440/4 | €5,860 | €3,489 | -€2,371 | -40.5% |
| Taxes, remuneration and social security | 45 | €57,968 | €37,836 | -€20,132 | -34.7% |
| Taxes | 450/3 | €33,693 | €6,929 | -€26,764 | -79.4% |
| Remuneration and social security | 454/9 | €24,274 | €30,907 | +€6,632 | +27.3% |
| Other amounts payable | 47/48 | - | €1,059 | +€1,059 | |
| Accrued charges and deferred income | 492/3 | €8,398 | €7,687 | -€711 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,310 | €22,688 | -€6,622 | -22.6% |
| Other operating charges | 640/8 | €772 | €810 | +€38 | +4.9% |
| Non-recurring operating charges | 66A | - | €1,537 | +€1,537 | |
| Gross operating margin | 9900 | €102,583 | €66,499 | -€36,084 | -35.2% |
| Operating profit (loss) | 9901 | €72,500 | €41,464 | -€31,037 | -42.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +16,633% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +16,633% |
| Financial charges | 65/66B | €875 | €635 | -€241 | -27.5% |
| Recurring financial charges | 65 | €875 | €635 | -€241 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €71,625 | €40,834 | -€30,791 | -43.0% |
| Income taxes | 67/77 | €19,517 | €11,591 | -€7,926 | -40.6% |
| Profit (loss) for the period | 9904 | €52,108 | €29,243 | -€22,864 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,108 | €29,243 | -€22,864 | -43.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.