Pixma: 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.
Pixma
Largest movements
- Receivables within one year +€2.6m
up €2.6m (+29.2%), from €9.0m to €11.6m
of which Other amounts receivable: +€2.1m
- Other debts +€2.8m
up €2.8m (+20.4%), from €13.7m to €16.5m
- Trade debts -€487,930
down €487,930 (-95.3%), from €511,916 to €23,986
- Short-term financial debts +€397,255
up €397,255, from €0 to €397,255
- Gross operating margin -€1.8m
down €1.8m (-38.3%), from €4.7m to €2.9m
- Taxes -€1.1m
down €1.1m (-99.6%), from €1.1m to €3,733
- Financial charges -€617,738
down €617,738 (-98.0%), from €630,332 to €12,593
- Financial income -€165,111
down €165,111 (-60.5%), from €272,860 to €107,749
- Staff costs +€161,360
new in 2025: €161,360
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 | €19,355,090 | €21,975,369 | +€2.6m | +13.5% |
| Fixed assets | 21/28 | €10,389,600 | €10,389,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €10,389,600 | €10,389,600 | = | 0.0% |
| Current assets | 29/58 | €8,965,490 | €11,585,769 | +€2.6m | +29.2% |
| Amounts receivable within one year | 40/41 | €8,965,490 | €11,585,769 | +€2.6m | +29.2% |
| Trade receivables | 40 | €510,388 | €1,047,776 | +€537,388 | +105% |
| Other amounts receivable | 41 | €8,455,101 | €10,537,993 | +€2.1m | +24.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,355,090 | €21,975,369 | +€2.6m | +13.5% |
| Equity | 10/15 | €5,028,048 | €5,028,048 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €5,009,498 | €5,009,498 | = | 0.0% |
| Distributable reserves | 133 | €5,009,498 | €5,009,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,327,042 | €16,947,321 | +€2.6m | +18.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,327,042 | €16,947,321 | +€2.6m | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €397,255 | +€397,255 | |
| Credit institutions | 430/8 | €0 | €397,255 | +€397,255 | |
| Trade debts | 44 | €511,916 | €23,986 | -€487,930 | -95.3% |
| Suppliers | 440/4 | €511,916 | €23,986 | -€487,930 | -95.3% |
| Taxes, remuneration and social security | 45 | €120,126 | €37,561 | -€82,565 | -68.7% |
| Taxes | 450/3 | €120,126 | €20,996 | -€99,130 | -82.5% |
| Remuneration and social security | 454/9 | €0 | €16,565 | +€16,565 | |
| Other amounts payable | 47/48 | €13,695,000 | €16,488,519 | +€2.8m | +20.4% |
| Remuneration, social security and pensions | 62 | - | €161,360 | +€161,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,159 | €0 | -€15,159 | -100% |
| Other operating charges | 640/8 | €31,314 | €708 | -€30,606 | -97.7% |
| Gross operating margin | 9900 | €4,654,088 | €2,873,332 | -€1.8m | -38.3% |
| Operating profit (loss) | 9901 | €4,607,615 | €2,711,265 | -€1.9m | -41.2% |
| Financial income | 75/76B | €272,860 | €107,749 | -€165,111 | -60.5% |
| Recurring financial income | 75 | €272,860 | €107,749 | -€165,111 | -60.5% |
| Financial charges | 65/66B | €630,332 | €12,593 | -€617,738 | -98.0% |
| Recurring financial charges | 65 | €630,332 | €12,593 | -€617,738 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €4,250,143 | €2,806,420 | -€1.4m | -34.0% |
| Income taxes | 67/77 | €1,062,536 | €3,733 | -€1.1m | -99.6% |
| Profit (loss) for the period | 9904 | €3,187,607 | €2,802,687 | -€384,921 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,187,607 | €2,802,687 | -€384,921 | -12.1% |
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 19 October 2026 via checked.be.