Pixonative: 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.
Pixonative
Largest movements
- Receivables within one year +€14,577
up €14,577 (+62.4%), from €23,345 to €37,922
of which Trade receivables: +€17,762
- Tangible fixed assets -€6,256
down €6,256 (-72.9%), from €8,580 to €2,324
- Cash -€3,360
down €3,360 (-11.6%), from €29,070 to €25,709
mainly Other debts (-€19,248) and Receivables within one year (-€14,577)
- Deferred charges and accrued income -€755
down €755 (-100.0%), from €755 to €0
- Other debts -€19,248
down €19,248 (-79.3%), from €24,261 to €5,013
- Reserves +€17,192
up €17,192 (+57.8%), from €29,747 to €46,938
- Tax, wage and social debts +€7,374
up €7,374 (+303.3%), from €2,431 to €9,805
of which Taxes: +€7,374
- Trade debts -€1,170
down €1,170 (-41.8%), from €2,796 to €1,626
- Gross operating margin +€4,602
up €4,602 (+17.0%), from €27,066 to €31,668
- Taxes +€1,113
up €1,113 (+18.3%), from €6,071 to €7,184
- Other operating charges -€411
down €411 (-35.3%), from €1,163 to €752
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 | €61,749 | €65,955 | +€4,206 | +6.8% |
| Fixed assets | 21/28 | €8,580 | €2,324 | -€6,256 | -72.9% |
| Tangible fixed assets | 22/27 | €8,580 | €2,324 | -€6,256 | -72.9% |
| Furniture and vehicles | 24 | €8,580 | €2,324 | -€6,256 | -72.9% |
| Current assets | 29/58 | €53,170 | €63,631 | +€10,462 | +19.7% |
| Amounts receivable within one year | 40/41 | €23,345 | €37,922 | +€14,577 | +62.4% |
| Trade receivables | 40 | €18,845 | €36,606 | +€17,762 | +94.3% |
| Other amounts receivable | 41 | €4,500 | €1,316 | -€3,184 | -70.8% |
| Cash at bank and in hand | 54/58 | €29,070 | €25,709 | -€3,360 | -11.6% |
| Deferred charges and accrued income | 490/1 | €755 | €0 | -€755 | -100.0% |
| Total equity and liabilities | 10/49 | €61,749 | €65,955 | +€4,206 | +6.8% |
| Equity | 10/15 | €29,748 | €46,939 | +€17,192 | +57.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €29,747 | €46,938 | +€17,192 | +57.8% |
| Distributable reserves | 133 | €29,747 | €46,938 | +€17,192 | +57.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,002 | €19,016 | -€12,986 | -40.6% |
| Amounts payable within one year | 42/48 | €29,488 | €16,445 | -€13,043 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,796 | €1,626 | -€1,170 | -41.8% |
| Suppliers | 440/4 | €2,796 | €1,626 | -€1,170 | -41.8% |
| Taxes, remuneration and social security | 45 | €2,431 | €9,805 | +€7,374 | +303.3% |
| Taxes | 450/3 | €2,431 | €9,805 | +€7,374 | +303.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €24,261 | €5,013 | -€19,248 | -79.3% |
| Accrued charges and deferred income | 492/3 | €2,514 | €2,571 | +€57 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,370 | €6,256 | -€114 | -1.8% |
| Other operating charges | 640/8 | €1,163 | €752 | -€411 | -35.3% |
| Gross operating margin | 9900 | €27,066 | €31,668 | +€4,602 | +17.0% |
| Operating profit (loss) | 9901 | €19,532 | €24,660 | +€5,127 | +26.3% |
| Financial charges | 65/66B | €459 | €284 | -€175 | -38.2% |
| Recurring financial charges | 65 | €459 | €284 | -€175 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €19,074 | €24,376 | +€5,303 | +27.8% |
| Income taxes | 67/77 | €6,071 | €7,184 | +€1,113 | +18.3% |
| Profit (loss) for the period | 9904 | €13,003 | €17,192 | +€4,189 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,003 | €17,192 | +€4,189 | +32.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.