PIXIEL: 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.
PIXIEL
Largest movements
- Cash -€51,167
down €51,167 (-9.3%), from €549,056 to €497,889
mainly Tax, wage and social debts (-€49,053) and Net result for the year (-€17,617)
- Tangible fixed assets -€23,756
down €23,756 (-23.7%), from €100,380 to €76,624
of which Furniture and vehicles: -€24,568
- Receivables within one year +€9,937
up €9,937 (+33.2%), from €29,948 to €39,885
of which Other amounts receivable: +€10,031
- Tax, wage and social debts -€49,053
down €49,053 (-88.8%), from €55,246 to €6,193
- Profit (loss) carried forward -€17,617
down €17,617, from €12,249 to -€5,368
- Gross operating margin +€33,865
up €33,865, from -€20,172 to €13,693
- Depreciation +€9,719
up €9,719 (+47.5%), from €20,441 to €30,161
- Financial income +€1,484
up €1,484 (+1538.2%), from €96 to €1,581
- Financial charges +€990
up €990 (+636.0%), from €156 to €1,145
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 | €684,081 | €618,008 | -€66,072 | -9.7% |
| Fixed assets | 21/28 | €100,380 | €76,624 | -€23,756 | -23.7% |
| Tangible fixed assets | 22/27 | €100,380 | €76,624 | -€23,756 | -23.7% |
| Plant, machinery and equipment | 23 | €0 | €2,727 | +€2,727 | +6817750.0% |
| Furniture and vehicles | 24 | €91,149 | €66,581 | -€24,568 | -27.0% |
| Other tangible fixed assets | 26 | €9,231 | €7,316 | -€1,915 | -20.7% |
| Current assets | 29/58 | €583,700 | €541,384 | -€42,316 | -7.2% |
| Amounts receivable within one year | 40/41 | €29,948 | €39,885 | +€9,937 | +33.2% |
| Trade receivables | 40 | €5,422 | €5,328 | -€94 | -1.7% |
| Other amounts receivable | 41 | €24,525 | €34,556 | +€10,031 | +40.9% |
| Cash at bank and in hand | 54/58 | €549,056 | €497,889 | -€51,167 | -9.3% |
| Deferred charges and accrued income | 490/1 | €4,697 | €3,611 | -€1,086 | -23.1% |
| Total equity and liabilities | 10/49 | €684,081 | €618,008 | -€66,072 | -9.7% |
| Equity | 10/15 | €612,254 | €594,637 | -€17,617 | -2.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €581,455 | €581,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €579,600 | €579,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,249 | -€5,368 | -€17,617 | |
| Amounts payable | 17/49 | €71,827 | €23,371 | -€48,456 | -67.5% |
| Amounts payable within one year | 42/48 | €70,687 | €22,467 | -€48,220 | -68.2% |
| Trade debts | 44 | €5,941 | €220 | -€5,721 | -96.3% |
| Suppliers | 440/4 | €5,941 | €220 | -€5,721 | -96.3% |
| Taxes, remuneration and social security | 45 | €55,246 | €6,193 | -€49,053 | -88.8% |
| Taxes | 450/3 | €55,246 | €6,193 | -€49,053 | -88.8% |
| Other amounts payable | 47/48 | €9,500 | €16,054 | +€6,554 | +69.0% |
| Accrued charges and deferred income | 492/3 | €1,140 | €905 | -€235 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,441 | €30,161 | +€9,719 | +47.5% |
| Other operating charges | 640/8 | €1,347 | €1,214 | -€133 | -9.9% |
| Gross operating margin | 9900 | -€20,172 | €13,693 | +€33,865 | |
| Operating profit (loss) | 9901 | -€41,960 | -€17,681 | +€24,279 | +57.9% |
| Financial income | 75/76B | €96 | €1,581 | +€1,484 | +1538.2% |
| Recurring financial income | 75 | €96 | €1,581 | +€1,484 | +1538.2% |
| Financial charges | 65/66B | €156 | €1,145 | +€990 | +636.0% |
| Recurring financial charges | 65 | €156 | €1,145 | +€990 | +636.0% |
| Profit (loss) for the period before taxes | 9903 | -€42,019 | -€17,246 | +€24,773 | +59.0% |
| Income taxes | 67/77 | €191 | €371 | +€180 | +94.0% |
| Profit (loss) for the period | 9904 | -€42,210 | -€17,617 | +€24,594 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,210 | -€17,617 | +€24,594 | +58.3% |
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 5 October 2026 via checked.be.