Pixlpapr: 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.
Pixlpapr
Largest movements
- Cash +€58,466
up €58,466 (+68.7%), from €85,161 to €143,627
mainly Other debts (+€114,476) and Debts after one year (+€50,112)
- Tangible fixed assets +€55,954
up €55,954 (+392%), from €14,276 to €70,230
of which Furniture and vehicles: +€56,860
- Receivables within one year -€13,181
down €13,181 (-43.2%), from €30,482 to €17,301
of which Trade receivables: -€15,754
- Other debts +€114,476
up €114,476 (+21,663%), from €528 to €115,004
- Profit (loss) carried forward -€73,671
down €73,671 (-75.9%), from €97,113 to €23,442
- Debts after one year +€50,112
new in 2025: €50,112
- Current portion of long-term debt +€11,081
up €11,081 (+362%), from €3,065 to €14,146
- Financial charges +€1,280
up €1,280 (+359%), from €357 to €1,636
- Depreciation -€791
down €791 (-5.8%), from €13,670 to €12,879
- Gross operating margin -€731
down €731 (-1.1%), from €68,204 to €67,473
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 | €129,920 | €231,158 | +€101,238 | +77.9% |
| Fixed assets | 21/28 | €14,276 | €70,230 | +€55,954 | +392% |
| Tangible fixed assets | 22/27 | €14,276 | €70,230 | +€55,954 | +392% |
| Plant, machinery and equipment | 23 | €906 | - | -€906 | |
| Furniture and vehicles | 24 | €13,370 | €70,230 | +€56,860 | +425% |
| Current assets | 29/58 | €115,644 | €160,928 | +€45,284 | +39.2% |
| Amounts receivable within one year | 40/41 | €30,482 | €17,301 | -€13,181 | -43.2% |
| Trade receivables | 40 | €30,474 | €14,720 | -€15,754 | -51.7% |
| Other amounts receivable | 41 | €9 | €2,581 | +€2,573 | +29,913% |
| Cash at bank and in hand | 54/58 | €85,161 | €143,627 | +€58,466 | +68.7% |
| Total equity and liabilities | 10/49 | €129,920 | €231,158 | +€101,238 | +77.9% |
| Equity | 10/15 | €117,573 | €43,902 | -€73,671 | -62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,113 | €23,442 | -€73,671 | -75.9% |
| Amounts payable | 17/49 | €12,347 | €187,255 | +€174,909 | +1,417% |
| Amounts payable after more than one year | 17 | - | €50,112 | +€50,112 | |
| Financial debts | 170/4 | - | €50,112 | +€50,112 | |
| Amounts payable within one year | 42/48 | €12,347 | €137,143 | +€124,796 | +1,011% |
| Current portion of amounts payable after more than one year | 42 | €3,065 | €14,146 | +€11,081 | +362% |
| Trade debts | 44 | €171 | €17 | -€154 | -89.9% |
| Suppliers | 440/4 | €171 | €17 | -€154 | -89.9% |
| Taxes, remuneration and social security | 45 | €8,582 | €7,976 | -€606 | -7.1% |
| Taxes | 450/3 | €8,582 | €7,976 | -€606 | -7.1% |
| Other amounts payable | 47/48 | €528 | €115,004 | +€114,476 | +21,663% |
| Non-recurring operating income | 76A | - | €2,647 | +€2,647 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,670 | €12,879 | -€791 | -5.8% |
| Other operating charges | 640/8 | €221 | €423 | +€202 | +91.5% |
| Gross operating margin | 9900 | €68,204 | €67,473 | -€731 | -1.1% |
| Operating profit (loss) | 9901 | €54,313 | €54,170 | -€143 | -0.3% |
| Financial income | 75/76B | €0 | €50 | +€50 | +41,633% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +41,633% |
| Financial charges | 65/66B | €357 | €1,636 | +€1,280 | +359% |
| Recurring financial charges | 65 | €357 | €1,636 | +€1,280 | +359% |
| Profit (loss) for the period before taxes | 9903 | €53,957 | €52,584 | -€1,372 | -2.5% |
| Income taxes | 67/77 | €11,347 | €11,255 | -€92 | -0.8% |
| Profit (loss) for the period | 9904 | €42,609 | €41,329 | -€1,280 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,609 | €41,329 | -€1,280 | -3.0% |
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 22 October 2026 via checked.be.