PixelWaves Solutions: 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.
PixelWaves Solutions
Largest movements
- Tangible fixed assets +€47,713
new in 2025: €47,713
- Intangible fixed assets +€14,566
new in 2025: €14,566
- Receivables within one year -€8,431
down €8,431 (-46.7%), from €18,047 to €9,616
of which Trade receivables: -€10,609
- Stocks and contracts +€7,990
new in 2025: €7,990
- Deferred charges and accrued income +€4,161
up €4,161 (+23116.7%), from €18 to €4,179
- Debts after one year +€47,004
new in 2025: €47,004
- Current portion of long-term debt +€16,615
new in 2025: €16,615
- Other debts +€12,593
up €12,593 (+335.0%), from €3,759 to €16,352
- Profit (loss) carried forward -€9,056
down €9,056, from €8,427 to -€629
- Trade debts +€4,046
up €4,046 (+284.9%), from €1,420 to €5,466
- Depreciation +€15,447
new in 2025: €15,447
- Financial charges +€4,390
new in 2025: €4,390
- Other operating charges +€2,816
new in 2025: €2,816
- Taxes -€2,809
no longer reported in 2025 (was €2,809)
- Gross operating margin +€2,358
up €2,358 (+21.0%), from €11,235 to €13,593
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 | €20,866 | €90,755 | +€69,889 | +334.9% |
| Fixed assets | 21/28 | - | €62,279 | +€62,279 | |
| Intangible fixed assets | 21 | - | €14,566 | +€14,566 | |
| Tangible fixed assets | 22/27 | - | €47,713 | +€47,713 | |
| Furniture and vehicles | 24 | - | €47,713 | +€47,713 | |
| Current assets | 29/58 | €20,866 | €28,476 | +€7,610 | +36.5% |
| Stocks and contracts in progress | 3 | - | €7,990 | +€7,990 | |
| Stocks | 30/36 | - | €7,990 | +€7,990 | |
| Amounts receivable within one year | 40/41 | €18,047 | €9,616 | -€8,431 | -46.7% |
| Trade receivables | 40 | €18,047 | €7,438 | -€10,609 | -58.8% |
| Other amounts receivable | 41 | - | €2,178 | +€2,178 | |
| Cash at bank and in hand | 54/58 | €2,801 | €6,691 | +€3,890 | +138.9% |
| Deferred charges and accrued income | 490/1 | €18 | €4,179 | +€4,161 | +23116.7% |
| Total equity and liabilities | 10/49 | €20,866 | €90,755 | +€69,889 | +334.9% |
| Equity | 10/15 | €10,427 | €1,371 | -€9,056 | -86.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,427 | -€629 | -€9,056 | |
| Amounts payable | 17/49 | €10,439 | €89,384 | +€78,945 | +756.3% |
| Amounts payable after more than one year | 17 | - | €47,004 | +€47,004 | |
| Financial debts | 170/4 | - | €47,004 | +€47,004 | |
| Amounts payable within one year | 42/48 | €10,439 | €42,380 | +€31,941 | +306.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,615 | +€16,615 | |
| Trade debts | 44 | €1,420 | €5,466 | +€4,046 | +284.9% |
| Suppliers | 440/4 | €1,420 | €5,466 | +€4,046 | +284.9% |
| Taxes, remuneration and social security | 45 | €5,260 | €3,947 | -€1,313 | -25.0% |
| Taxes | 450/3 | €5,260 | €3,947 | -€1,313 | -25.0% |
| Other amounts payable | 47/48 | €3,759 | €16,352 | +€12,593 | +335.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,447 | +€15,447 | |
| Other operating charges | 640/8 | - | €2,816 | +€2,816 | |
| Gross operating margin | 9900 | €11,235 | €13,593 | +€2,358 | +21.0% |
| Operating profit (loss) | 9901 | €11,235 | -€4,670 | -€15,905 | |
| Financial income | 75/76B | €1 | €4 | +€3 | +300.0% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +300.0% |
| Financial charges | 65/66B | - | €4,390 | +€4,390 | |
| Recurring financial charges | 65 | - | €4,390 | +€4,390 | |
| Profit (loss) for the period before taxes | 9903 | €11,236 | -€9,056 | -€20,292 | |
| Income taxes | 67/77 | €2,809 | - | -€2,809 | |
| Profit (loss) for the period | 9904 | €8,427 | -€9,056 | -€17,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,427 | -€9,056 | -€17,483 |
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 29 September 2026 via checked.be.