PIXXAN: 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.
PIXXAN
Largest movements
- Receivables within one year +€18,695
up €18,695 (+119.7%), from €15,624 to €34,319
of which Trade receivables: +€17,718
- Receivables after one year -€3,324
down €3,324 (-8.7%), from €38,100 to €34,776
- Cash +€2,739
up €2,739 (+18.8%), from €14,595 to €17,334
mainly Trade debts (+€20,740) and Tax, wage and social debts (+€3,959)
- Trade debts +€20,740
up €20,740 (+94.1%), from €22,044 to €42,784
- Profit (loss) carried forward -€6,557
down €6,557 (-32.2%), from €20,364 to €13,807
- Tax, wage and social debts +€3,959
up €3,959 (+37.8%), from €10,482 to €14,441
- Other debts -€1,107
down €1,107 (-38.9%), from €2,845 to €1,738
- Gross operating margin -€8,341
down €8,341, from €7,748 to -€593
- Taxes -€1,777
down €1,777, from €1,550 to -€227
- Staff costs +€274
up €274 (+5.8%), from €4,734 to €5,008
- Financial charges -€171
down €171 (-42.0%), from €407 to €236
of which Financial charges: -€175
- Depreciation -€144
down €144 (-16.6%), from €865 to €721
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 | €76,838 | €93,793 | +€16,955 | +22.1% |
| Fixed assets | 21/28 | €5,492 | €4,771 | -€721 | -13.1% |
| Tangible fixed assets | 22/27 | €5,402 | €4,681 | -€721 | -13.3% |
| Plant, machinery and equipment | 23 | €5,285 | €4,681 | -€604 | -11.4% |
| Furniture and vehicles | 24 | €117 | - | -€117 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €71,346 | €89,022 | +€17,676 | +24.8% |
| Amounts receivable after more than one year | 29 | €38,100 | €34,776 | -€3,324 | -8.7% |
| Other amounts receivable | 291 | €38,100 | €34,776 | -€3,324 | -8.7% |
| Stocks and contracts in progress | 3 | €1,000 | €1,500 | +€500 | +50.0% |
| Stocks | 30/36 | €1,000 | €1,500 | +€500 | +50.0% |
| Amounts receivable within one year | 40/41 | €15,624 | €34,319 | +€18,695 | +119.7% |
| Trade receivables | 40 | €14,124 | €31,842 | +€17,718 | +125.4% |
| Other amounts receivable | 41 | €1,500 | €2,477 | +€977 | +65.1% |
| Cash at bank and in hand | 54/58 | €14,595 | €17,334 | +€2,739 | +18.8% |
| Deferred charges and accrued income | 490/1 | €2,027 | €1,093 | -€934 | -46.1% |
| Total equity and liabilities | 10/49 | €76,838 | €93,793 | +€16,955 | +22.1% |
| Equity | 10/15 | €40,824 | €34,267 | -€6,557 | -16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,364 | €13,807 | -€6,557 | -32.2% |
| Amounts payable | 17/49 | €36,014 | €59,526 | +€23,512 | +65.3% |
| Amounts payable within one year | 42/48 | €35,371 | €58,963 | +€23,592 | +66.7% |
| Trade debts | 44 | €22,044 | €42,784 | +€20,740 | +94.1% |
| Suppliers | 440/4 | €22,044 | €42,784 | +€20,740 | +94.1% |
| Taxes, remuneration and social security | 45 | €10,482 | €14,441 | +€3,959 | +37.8% |
| Taxes | 450/3 | €10,482 | €14,441 | +€3,959 | +37.8% |
| Other amounts payable | 47/48 | €2,845 | €1,738 | -€1,107 | -38.9% |
| Accrued charges and deferred income | 492/3 | €643 | €563 | -€80 | -12.4% |
| Non-recurring operating income | 76A | €1 | €270 | +€269 | +26900.0% |
| Remuneration, social security and pensions | 62 | €4,734 | €5,008 | +€274 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €721 | -€144 | -16.6% |
| Other operating charges | 640/8 | €1,016 | €1,049 | +€33 | +3.2% |
| Non-recurring operating charges | 66A | - | €270 | +€270 | |
| Gross operating margin | 9900 | €7,748 | -€593 | -€8,341 | |
| Operating profit (loss) | 9901 | €1,133 | -€7,641 | -€8,774 | |
| Financial income | 75/76B | €1,014 | €1,093 | +€79 | +7.8% |
| Recurring financial income | 75 | €1,014 | €1,093 | +€79 | +7.8% |
| Financial charges | 65/66B | €407 | €236 | -€171 | -42.0% |
| Recurring financial charges | 65 | €340 | €165 | -€175 | -51.5% |
| Non-recurring financial charges | 66B | €67 | €71 | +€4 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €1,740 | -€6,784 | -€8,524 | |
| Income taxes | 67/77 | €1,550 | -€227 | -€1,777 | |
| Profit (loss) for the period | 9904 | €190 | -€6,557 | -€6,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €190 | -€6,557 | -€6,747 |
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 10 October 2026 via checked.be.