PIXELS - MOUTHUY: 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 - MOUTHUY
Largest movements
- Receivables within one year -€106,906
down €106,906 (-71.3%), from €149,980 to €43,074
of which Other amounts receivable: -€88,966
- Cash +€92,044
up €92,044 (+3,851%), from €2,390 to €94,434
mainly Receivables within one year (+€106,906) and Depreciation (+€119)
- Profit (loss) carried forward -€11,039
down €11,039 (-17.9%), from €61,561 to €50,523
- Tax, wage and social debts -€2,481
down €2,481 (-86.4%), from €2,873 to €392
- Write-downs -€15,012
down €15,012 (-100%), from €15,012 to €0
- Gross operating margin -€8,186
down €8,186, from €5,535 to -€2,652
- Other operating charges +€6,299
up €6,299 (+5,749%), from €110 to €6,409
- Depreciation -€461
down €461 (-79.5%), from €580 to €119
- Financial charges -€396
down €396 (-19.2%), from €2,061 to €1,666
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.
Derived cash bridge
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 | €153,266 | €138,356 | -€14,909 | -9.7% |
| Fixed assets | 21/28 | €228 | €109 | -€119 | -52.2% |
| Tangible fixed assets | 22/27 | €119 | €0 | -€119 | -100% |
| Furniture and vehicles | 24 | €119 | €0 | -€119 | -100% |
| Financial fixed assets | 28 | €109 | €109 | = | 0.0% |
| Current assets | 29/58 | €153,038 | €138,247 | -€14,790 | -9.7% |
| Amounts receivable within one year | 40/41 | €149,980 | €43,074 | -€106,906 | -71.3% |
| Trade receivables | 40 | €57,181 | €39,241 | -€17,940 | -31.4% |
| Other amounts receivable | 41 | €92,799 | €3,834 | -€88,966 | -95.9% |
| Cash at bank and in hand | 54/58 | €2,390 | €94,434 | +€92,044 | +3,851% |
| Deferred charges and accrued income | 490/1 | €668 | €739 | +€71 | +10.7% |
| Total equity and liabilities | 10/49 | €153,266 | €138,356 | -€14,909 | -9.7% |
| Equity | 10/15 | €97,393 | €86,354 | -€11,039 | -11.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,239 | €17,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,380 | €15,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,561 | €50,523 | -€11,039 | -17.9% |
| Provisions and deferred taxes | 16 | €40,000 | €40,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €15,873 | €12,002 | -€3,871 | -24.4% |
| Amounts payable within one year | 42/48 | €15,873 | €12,002 | -€3,871 | -24.4% |
| Trade debts | 44 | €6,619 | €5,586 | -€1,032 | -15.6% |
| Suppliers | 440/4 | €6,619 | €5,586 | -€1,032 | -15.6% |
| Taxes, remuneration and social security | 45 | €2,873 | €392 | -€2,481 | -86.4% |
| Taxes | 450/3 | €2,873 | €392 | -€2,481 | -86.4% |
| Other amounts payable | 47/48 | €6,382 | €6,024 | -€358 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580 | €119 | -€461 | -79.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,012 | €0 | -€15,012 | -100% |
| Other operating charges | 640/8 | €110 | €6,409 | +€6,299 | +5,749% |
| Gross operating margin | 9900 | €5,535 | -€2,652 | -€8,186 | |
| Operating profit (loss) | 9901 | -€10,166 | -€9,180 | +€987 | +9.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,061 | €1,666 | -€396 | -19.2% |
| Recurring financial charges | 65 | €2,061 | €1,666 | -€396 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,228 | -€10,845 | +€1,382 | +11.3% |
| Income taxes | 67/77 | €220 | €193 | -€26 | -11.9% |
| Profit (loss) for the period | 9904 | -€12,447 | -€11,039 | +€1,409 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,447 | -€11,039 | +€1,409 | +11.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.