PIXL: 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.
PIXL
Largest movements
- Receivables within one year +€16,573
up €16,573 (+658.1%), from €2,518 to €19,091
- Cash +€8,263
up €8,263 (+13.7%), from €60,266 to €68,529
mainly Net result for the year (+€26,497) and Tax, wage and social debts (+€3,531)
- Current investments +€3,018
new in 2025: €3,018
- Tangible fixed assets -€1,026
down €1,026 (-54.7%), from €1,875 to €849
- Profit (loss) carried forward +€20,069
up €20,069 (+42.1%), from €47,668 to €67,737
- Tax, wage and social debts +€3,531
up €3,531 (+21.9%), from €16,112 to €19,643
- Trade debts +€2,978
up €2,978 (+331.6%), from €898 to €3,876
- Gross operating margin -€22,095
down €22,095 (-36.1%), from €61,135 to €39,039
- Taxes -€3,089
down €3,089 (-25.3%), from €12,198 to €9,109
- Financial charges +€2,118
up €2,118 (+3189.9%), from €66 to €2,185
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 | €65,159 | €91,987 | +€26,828 | +41.2% |
| Fixed assets | 21/28 | €2,375 | €1,349 | -€1,026 | -43.2% |
| Tangible fixed assets | 22/27 | €1,875 | €849 | -€1,026 | -54.7% |
| Furniture and vehicles | 24 | €1,875 | €849 | -€1,026 | -54.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €62,784 | €90,638 | +€27,854 | +44.4% |
| Amounts receivable within one year | 40/41 | €2,518 | €19,091 | +€16,573 | +658.1% |
| Trade receivables | 40 | €2,518 | €19,091 | +€16,573 | +658.1% |
| Current investments | 50/53 | - | €3,018 | +€3,018 | |
| Cash at bank and in hand | 54/58 | €60,266 | €68,529 | +€8,263 | +13.7% |
| Total equity and liabilities | 10/49 | €65,159 | €91,987 | +€26,828 | +41.2% |
| Equity | 10/15 | €47,868 | €67,937 | +€20,069 | +41.9% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,668 | €67,737 | +€20,069 | +42.1% |
| Amounts payable | 17/49 | €17,291 | €24,050 | +€6,759 | +39.1% |
| Amounts payable within one year | 42/48 | €17,010 | €24,050 | +€7,040 | +41.4% |
| Trade debts | 44 | €898 | €3,876 | +€2,978 | +331.6% |
| Suppliers | 440/4 | €898 | €3,876 | +€2,978 | +331.6% |
| Taxes, remuneration and social security | 45 | €16,112 | €19,643 | +€3,531 | +21.9% |
| Taxes | 450/3 | €16,112 | €19,643 | +€3,531 | +21.9% |
| Other amounts payable | 47/48 | - | €531 | +€531 | |
| Accrued charges and deferred income | 492/3 | €281 | €0 | -€281 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,202 | €1,026 | -€177 | -14.7% |
| Other operating charges | 640/8 | - | €224 | +€224 | |
| Gross operating margin | 9900 | €61,135 | €39,039 | -€22,095 | -36.1% |
| Operating profit (loss) | 9901 | €59,932 | €37,790 | -€22,142 | -36.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €66 | €2,185 | +€2,118 | +3189.9% |
| Recurring financial charges | 65 | €66 | €2,185 | +€2,118 | +3189.9% |
| Profit (loss) for the period before taxes | 9903 | €59,866 | €35,607 | -€24,259 | -40.5% |
| Income taxes | 67/77 | €12,198 | €9,109 | -€3,089 | -25.3% |
| Profit (loss) for the period | 9904 | €47,668 | €26,497 | -€21,171 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,668 | €26,497 | -€21,171 | -44.4% |
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 8 October 2026 via checked.be.