PIXS: 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.
PIXS
Largest movements
- Cash +€94,028
up €94,028 (+107%), from €87,645 to €181,673
mainly Net result for the year (+€87,723) and Depreciation (+€16,214)
- Tangible fixed assets -€7,276
down €7,276 (-13.5%), from €53,997 to €46,721
of which Furniture and vehicles: -€4,267
- Receivables within one year +€5,526
up €5,526 (+9.4%), from €58,815 to €64,340
of which Trade receivables: +€9,787
- Reserves +€79,810
up €79,810 (+102%), from €78,064 to €157,874
of which Distributable reserves: +€79,810
- Trade debts +€7,334
up €7,334 (+82.8%), from €8,862 to €16,197
- Other debts +€6,079
up €6,079 (+51.9%), from €11,711 to €17,790
- Gross operating margin +€101,431
up €101,431 (+222%), from €45,633 to €147,063
- Taxes +€36,339
up €36,339 (+633%), from €5,739 to €42,078
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 | €211,024 | €302,829 | +€91,805 | +43.5% |
| Fixed assets | 21/28 | €57,711 | €49,534 | -€8,176 | -14.2% |
| Intangible fixed assets | 21 | €3,713 | €2,813 | -€900 | -24.2% |
| Tangible fixed assets | 22/27 | €53,997 | €46,721 | -€7,276 | -13.5% |
| Furniture and vehicles | 24 | €14,526 | €10,258 | -€4,267 | -29.4% |
| Other tangible fixed assets | 26 | €39,472 | €36,463 | -€3,009 | -7.6% |
| Current assets | 29/58 | €153,313 | €253,294 | +€99,981 | +65.2% |
| Amounts receivable within one year | 40/41 | €58,815 | €64,340 | +€5,526 | +9.4% |
| Trade receivables | 40 | €54,553 | €64,340 | +€9,787 | +17.9% |
| Other amounts receivable | 41 | €4,261 | - | -€4,261 | |
| Cash at bank and in hand | 54/58 | €87,645 | €181,673 | +€94,028 | +107% |
| Deferred charges and accrued income | 490/1 | €6,853 | €7,281 | +€427 | +6.2% |
| Total equity and liabilities | 10/49 | €211,024 | €302,829 | +€91,805 | +43.5% |
| Equity | 10/15 | €179,826 | €259,635 | +€79,810 | +44.4% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €78,064 | €157,874 | +€79,810 | +102% |
| Tax-exempt reserves | 132 | €13,026 | €13,026 | = | 0.0% |
| Distributable reserves | 133 | €65,038 | €144,848 | +€79,810 | +123% |
| Profit (loss) carried forward | 14 | €88,762 | €88,762 | = | 0.0% |
| Amounts payable | 17/49 | €31,198 | €43,193 | +€11,995 | +38.4% |
| Amounts payable within one year | 42/48 | €31,198 | €43,193 | +€11,995 | +38.4% |
| Trade debts | 44 | €8,862 | €16,197 | +€7,334 | +82.8% |
| Suppliers | 440/4 | €8,862 | €16,197 | +€7,334 | +82.8% |
| Taxes, remuneration and social security | 45 | €10,624 | €9,206 | -€1,418 | -13.3% |
| Taxes | 450/3 | €10,624 | €8,206 | -€2,418 | -22.8% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €11,711 | €17,790 | +€6,079 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,848 | €16,214 | -€635 | -3.8% |
| Other operating charges | 640/8 | €1,908 | €793 | -€1,116 | -58.5% |
| Non-recurring operating charges | 66A | - | €62 | +€62 | |
| Gross operating margin | 9900 | €45,633 | €147,063 | +€101,431 | +222% |
| Operating profit (loss) | 9901 | €26,876 | €129,995 | +€103,118 | +384% |
| Financial income | 75/76B | €27 | €109 | +€82 | +297% |
| Recurring financial income | 75 | €27 | €109 | +€82 | +297% |
| Financial charges | 65/66B | €126 | €303 | +€177 | +140% |
| Recurring financial charges | 65 | €126 | €303 | +€177 | +140% |
| Profit (loss) for the period before taxes | 9903 | €26,778 | €129,801 | +€103,023 | +385% |
| Income taxes | 67/77 | €5,739 | €42,078 | +€36,339 | +633% |
| Profit (loss) for the period | 9904 | €21,039 | €87,723 | +€66,684 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €21,039 | €87,723 | +€66,684 | +317% |
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 24 October 2026 via checked.be.