PIXRED: 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.
PIXRED
Largest movements
- Cash +€5,265
up €5,265 (+145%), from €3,626 to €8,891
mainly Receivables within one year (+€4,507) and Net result for the year (+€4,274)
- Receivables within one year -€4,507
down €4,507 (-22.9%), from €19,662 to €15,154
of which Trade receivables: -€6,614
- Tangible fixed assets +€1,242
up €1,242 (+23.1%), from €5,372 to €6,613
of which Furniture and vehicles: +€3,432
- Stocks and contracts -€984
no longer reported in 2025 (was €984)
- Reserves +€4,274
up €4,274 (+30.4%), from €14,080 to €18,354
- Tax, wage and social debts -€2,703
down €2,703 (-61.4%), from €4,405 to €1,701
- Advances received -€936
no longer reported in 2025 (was €936)
- Short-term financial debts +€671
up €671 (+82.4%), from €814 to €1,485
- Taxes -€833
down €833 (-22.3%), from €3,726 to €2,893
- Gross operating margin -€705
down €705 (-5.7%), from €12,408 to €11,704
- Depreciation +€633
up €633 (+28.4%), from €2,230 to €2,863
- Other operating charges +€584
up €584 (+141%), from €415 to €999
- Financial charges +€141
up €141 (+26.4%), from €534 to €674
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 | €29,689 | €30,706 | +€1,016 | +3.4% |
| Fixed assets | 21/28 | €5,419 | €6,660 | +€1,242 | +22.9% |
| Tangible fixed assets | 22/27 | €5,372 | €6,613 | +€1,242 | +23.1% |
| Plant, machinery and equipment | 23 | €5,243 | €3,053 | -€2,190 | -41.8% |
| Furniture and vehicles | 24 | €128 | €3,560 | +€3,432 | +2,673% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €24,271 | €24,045 | -€226 | -0.9% |
| Stocks and contracts in progress | 3 | €984 | - | -€984 | |
| Stocks | 30/36 | €984 | - | -€984 | |
| Amounts receivable within one year | 40/41 | €19,662 | €15,154 | -€4,507 | -22.9% |
| Trade receivables | 40 | €19,662 | €13,048 | -€6,614 | -33.6% |
| Other amounts receivable | 41 | - | €2,107 | +€2,107 | |
| Cash at bank and in hand | 54/58 | €3,626 | €8,891 | +€5,265 | +145% |
| Total equity and liabilities | 10/49 | €29,689 | €30,706 | +€1,016 | +3.4% |
| Equity | 10/15 | €19,080 | €23,354 | +€4,274 | +22.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,080 | €18,354 | +€4,274 | +30.4% |
| Distributable reserves | 133 | €14,080 | €18,354 | +€4,274 | +30.4% |
| Amounts payable | 17/49 | €10,610 | €7,352 | -€3,258 | -30.7% |
| Amounts payable within one year | 42/48 | €10,610 | €7,352 | -€3,258 | -30.7% |
| Financial debts | 43 | €814 | €1,485 | +€671 | +82.4% |
| Credit institutions | 430/8 | €814 | €1,485 | +€671 | +82.4% |
| Trade debts | 44 | €3,050 | €2,970 | -€79 | -2.6% |
| Suppliers | 440/4 | €3,050 | €2,970 | -€79 | -2.6% |
| Advances received on contracts in progress | 46 | €936 | - | -€936 | |
| Taxes, remuneration and social security | 45 | €4,405 | €1,701 | -€2,703 | -61.4% |
| Taxes | 450/3 | €4,405 | €1,701 | -€2,703 | -61.4% |
| Other amounts payable | 47/48 | €1,405 | €1,195 | -€210 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,230 | €2,863 | +€633 | +28.4% |
| Other operating charges | 640/8 | €415 | €999 | +€584 | +141% |
| Non-recurring operating charges | 66A | €801 | - | -€801 | |
| Gross operating margin | 9900 | €12,408 | €11,704 | -€705 | -5.7% |
| Operating profit (loss) | 9901 | €8,962 | €7,841 | -€1,121 | -12.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €534 | €674 | +€141 | +26.4% |
| Recurring financial charges | 65 | €534 | €674 | +€141 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €8,429 | €7,168 | -€1,261 | -15.0% |
| Income taxes | 67/77 | €3,726 | €2,893 | -€833 | -22.3% |
| Profit (loss) for the period | 9904 | €4,703 | €4,274 | -€429 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,703 | €4,274 | -€429 | -9.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.