PIXELS IN STEREO: 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 IN STEREO
Largest movements
- Cash +€19,232
up €19,232 (+54.6%), from €35,206 to €54,438
mainly Net result for the year (+€33,091) and Other debts (+€19,008)
- Tangible fixed assets +€17,498
up €17,498 (+155%), from €11,270 to €28,768
of which Furniture and vehicles: +€19,264
- Receivables within one year -€6,049
down €6,049 (-12.4%), from €48,948 to €42,898
of which Other amounts receivable: -€7,200
- Other debts +€19,008
up €19,008 (+919%), from €2,067 to €21,075
- Reserves +€11,321
up €11,321 (+18.7%), from €60,411 to €71,733
of which Distributable reserves: +€11,321
- Tax, wage and social debts -€3,393
down €3,393 (-24.9%), from €13,608 to €10,215
of which Taxes: -€2,164
- Profit (loss) carried forward +€1,937
up €1,937, from -€1,937 to €0
- Gross operating margin +€44,185
up €44,185 (+453%), from €9,745 to €53,930
- Taxes +€12,375
up €12,375 (+653%), from €1,894 to €14,270
- Depreciation -€2,463
down €2,463 (-36.0%), from €6,851 to €4,388
- Financial charges -€722
down €722 (-38.2%), from €1,888 to €1,166
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,696 | €129,424 | +€29,727 | +29.8% |
| Fixed assets | 21/28 | €11,270 | €28,768 | +€17,498 | +155% |
| Tangible fixed assets | 22/27 | €11,270 | €28,768 | +€17,498 | +155% |
| Plant, machinery and equipment | 23 | €316 | €124 | -€191 | -60.6% |
| Furniture and vehicles | 24 | €1,642 | €20,906 | +€19,264 | +1,173% |
| Other tangible fixed assets | 26 | €9,312 | €7,738 | -€1,574 | -16.9% |
| Current assets | 29/58 | €88,427 | €100,656 | +€12,229 | +13.8% |
| Amounts receivable within one year | 40/41 | €48,948 | €42,898 | -€6,049 | -12.4% |
| Trade receivables | 40 | €41,748 | €42,898 | +€1,151 | +2.8% |
| Other amounts receivable | 41 | €7,200 | €0 | -€7,200 | -100% |
| Cash at bank and in hand | 54/58 | €35,206 | €54,438 | +€19,232 | +54.6% |
| Deferred charges and accrued income | 490/1 | €4,273 | €3,320 | -€954 | -22.3% |
| Total equity and liabilities | 10/49 | €99,696 | €129,424 | +€29,727 | +29.8% |
| Equity | 10/15 | €78,474 | €91,733 | +€13,258 | +16.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60,411 | €71,733 | +€11,321 | +18.7% |
| Tax-exempt reserves | 132 | €191 | €191 | = | 0.0% |
| Distributable reserves | 133 | €60,220 | €71,542 | +€11,321 | +18.8% |
| Profit (loss) carried forward | 14 | -€1,937 | €0 | +€1,937 | |
| Amounts payable | 17/49 | €21,222 | €37,691 | +€16,469 | +77.6% |
| Amounts payable within one year | 42/48 | €21,222 | €37,674 | +€16,451 | +77.5% |
| Trade debts | 44 | €5,547 | €6,384 | +€836 | +15.1% |
| Suppliers | 440/4 | €5,547 | €6,384 | +€836 | +15.1% |
| Taxes, remuneration and social security | 45 | €13,608 | €10,215 | -€3,393 | -24.9% |
| Taxes | 450/3 | €10,379 | €8,215 | -€2,164 | -20.9% |
| Remuneration and social security | 454/9 | €3,228 | €2,000 | -€1,228 | -38.0% |
| Other amounts payable | 47/48 | €2,067 | €21,075 | +€19,008 | +919% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,851 | €4,388 | -€2,463 | -36.0% |
| Other operating charges | 640/8 | €1,215 | €1,049 | -€166 | -13.7% |
| Gross operating margin | 9900 | €9,745 | €53,930 | +€44,185 | +453% |
| Operating profit (loss) | 9901 | €1,680 | €48,494 | +€46,814 | +2,787% |
| Financial income | 75/76B | €166 | €33 | -€133 | -79.9% |
| Recurring financial income | 75 | €166 | €33 | -€133 | -79.9% |
| Financial charges | 65/66B | €1,888 | €1,166 | -€722 | -38.2% |
| Recurring financial charges | 65 | €1,888 | €1,166 | -€722 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€43 | €47,360 | +€47,403 | |
| Income taxes | 67/77 | €1,894 | €14,270 | +€12,375 | +653% |
| Profit (loss) for the period | 9904 | -€1,937 | €33,091 | +€35,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,937 | €33,091 | +€35,028 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.