PIXWAP: 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.
PIXWAP
Largest movements
- Intangible fixed assets -€3,500
down €3,500 (-34.1%), from €10,258 to €6,758
- Cash +€2,343
up €2,343 (+70.3%), from €3,332 to €5,675
mainly Depreciation (+€3,500) and Receivables within one year (+€280)
- Receivables within one year -€280
down €280 (-37.2%), from €752 to €473
of which Other amounts receivable: -€247
- Profit (loss) carried forward -€1,638
down €1,638 (-36.0%), from -€4,553 to -€6,191
- Tax, wage and social debts +€204
new in 2025: €204
- Gross operating margin -€176
down €176 (-6.0%), from €2,905 to €2,730
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 | €14,353 | €12,906 | -€1,447 | -10.1% |
| Fixed assets | 21/28 | €10,258 | €6,758 | -€3,500 | -34.1% |
| Intangible fixed assets | 21 | €10,258 | €6,758 | -€3,500 | -34.1% |
| Current assets | 29/58 | €4,094 | €6,148 | +€2,053 | +50.1% |
| Amounts receivable within one year | 40/41 | €752 | €473 | -€280 | -37.2% |
| Trade receivables | 40 | €506 | €473 | -€33 | -6.5% |
| Other amounts receivable | 41 | €247 | - | -€247 | |
| Cash at bank and in hand | 54/58 | €3,332 | €5,675 | +€2,343 | +70.3% |
| Deferred charges and accrued income | 490/1 | €10 | - | -€10 | |
| Total equity and liabilities | 10/49 | €14,353 | €12,906 | -€1,447 | -10.1% |
| Equity | 10/15 | €14,047 | €12,409 | -€1,638 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,553 | -€6,191 | -€1,638 | -36.0% |
| Amounts payable | 17/49 | €306 | €497 | +€191 | +62.5% |
| Amounts payable within one year | 42/48 | €206 | €397 | +€191 | +92.9% |
| Trade debts | 44 | €206 | €193 | -€13 | -6.3% |
| Suppliers | 440/4 | €206 | €193 | -€13 | -6.3% |
| Taxes, remuneration and social security | 45 | - | €204 | +€204 | |
| Taxes | 450/3 | - | €204 | +€204 | |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €3,500 | = | 0.0% |
| Other operating charges | 640/8 | €727 | €745 | +€18 | +2.5% |
| Gross operating margin | 9900 | €2,905 | €2,730 | -€176 | -6.0% |
| Operating profit (loss) | 9901 | -€1,321 | -€1,515 | -€194 | -14.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €126 | €123 | -€2 | -1.8% |
| Recurring financial charges | 65 | €126 | €123 | -€2 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,447 | -€1,638 | -€191 | -13.2% |
| Profit (loss) for the period | 9904 | -€1,447 | -€1,638 | -€191 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,447 | -€1,638 | -€191 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.