PXL Guy: 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.
PXL Guy
Largest movements
- Current investments -€76,665
down €76,665 (-100.0%), from €76,665 to €0
- Cash +€40,330
up €40,330 (+124.8%), from €32,317 to €72,647
mainly Current investments (+€76,665) and Other debts (+€52,320)
- Receivables within one year +€30,148
up €30,148 (+166.9%), from €18,065 to €48,214
of which Trade receivables: +€18,452
- Deferred charges and accrued income +€1,389
up €1,389 (+679.9%), from €204 to €1,593
- Tangible fixed assets +€1,344
new in 2025: €1,344
- Reserves -€104,949
down €104,949 (-87.4%), from €120,063 to €15,114
- Other debts +€52,320
up €52,320, from €0 to €52,320
- Trade debts +€28,501
up €28,501 (+1750.6%), from €1,628 to €30,129
- Tax, wage and social debts +€17,594
up €17,594 (+1059.5%), from €1,661 to €19,254
of which Taxes: +€16,244
- Accrued charges and deferred income +€3,080
up €3,080 (+342.3%), from €900 to €3,980
- Gross operating margin -€25,592
down €25,592 (-45.1%), from €56,686 to €31,094
- Financial charges +€23,480
up €23,480 (+6486.2%), from €362 to €23,842
- Taxes -€9,560
down €9,560 (-74.4%), from €12,845 to €3,285
- Financial income +€1,683
up €1,683 (+33.3%), from €5,056 to €6,739
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 | €127,252 | €123,798 | -€3,454 | -2.7% |
| Fixed assets | 21/28 | - | €1,344 | +€1,344 | |
| Tangible fixed assets | 22/27 | - | €1,344 | +€1,344 | |
| Plant, machinery and equipment | 23 | - | €1,344 | +€1,344 | |
| Current assets | 29/58 | €127,252 | €122,454 | -€4,798 | -3.8% |
| Amounts receivable within one year | 40/41 | €18,065 | €48,214 | +€30,148 | +166.9% |
| Trade receivables | 40 | €9,883 | €28,335 | +€18,452 | +186.7% |
| Other amounts receivable | 41 | €8,182 | €19,878 | +€11,696 | +142.9% |
| Current investments | 50/53 | €76,665 | €0 | -€76,665 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,317 | €72,647 | +€40,330 | +124.8% |
| Deferred charges and accrued income | 490/1 | €204 | €1,593 | +€1,389 | +679.9% |
| Total equity and liabilities | 10/49 | €127,252 | €123,798 | -€3,454 | -2.7% |
| Equity | 10/15 | €123,063 | €18,114 | -€104,949 | -85.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €120,063 | €15,114 | -€104,949 | -87.4% |
| Distributable reserves | 133 | €120,063 | €15,114 | -€104,949 | -87.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,189 | €105,684 | +€101,495 | +2423.1% |
| Amounts payable within one year | 42/48 | €3,289 | €101,704 | +€98,415 | +2992.5% |
| Trade debts | 44 | €1,628 | €30,129 | +€28,501 | +1750.6% |
| Suppliers | 440/4 | €1,628 | €30,129 | +€28,501 | +1750.6% |
| Taxes, remuneration and social security | 45 | €1,661 | €19,254 | +€17,594 | +1059.5% |
| Taxes | 450/3 | €1,661 | €17,904 | +€16,244 | +978.2% |
| Remuneration and social security | 454/9 | €0 | €1,350 | +€1,350 | |
| Other amounts payable | 47/48 | €0 | €52,320 | +€52,320 | |
| Accrued charges and deferred income | 492/3 | €900 | €3,980 | +€3,080 | +342.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €128 | +€128 | |
| Other operating charges | 640/8 | €240 | €528 | +€287 | +119.6% |
| Gross operating margin | 9900 | €56,686 | €31,094 | -€25,592 | -45.1% |
| Operating profit (loss) | 9901 | €56,445 | €30,438 | -€26,007 | -46.1% |
| Financial income | 75/76B | €5,056 | €6,739 | +€1,683 | +33.3% |
| Recurring financial income | 75 | €5,056 | €6,739 | +€1,683 | +33.3% |
| Financial charges | 65/66B | €362 | €23,842 | +€23,480 | +6486.2% |
| Recurring financial charges | 65 | €362 | €23,842 | +€23,480 | +6486.2% |
| Profit (loss) for the period before taxes | 9903 | €61,139 | €13,335 | -€47,804 | -78.2% |
| Income taxes | 67/77 | €12,845 | €3,285 | -€9,560 | -74.4% |
| Profit (loss) for the period | 9904 | €48,294 | €10,051 | -€38,244 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,294 | €10,051 | -€38,244 | -79.2% |
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 29 September 2026 via checked.be.