PXLENCE: 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.
PXLENCE
Largest movements
- Receivables within one year -€99,025
down €99,025 (-54.6%), from €181,308 to €82,282
of which Trade receivables: -€94,325
- Cash -€87,024
down €87,024 (-71.0%), from €122,632 to €35,608
mainly Net result for the year (-€299,416) and Tax, wage and social debts (-€21,419)
- Stocks and contracts -€4,398
down €4,398 (-15.1%), from €29,159 to €24,761
- Tangible fixed assets -€3,959
down €3,959 (-43.8%), from €9,039 to €5,080
- Profit (loss) carried forward -€299,416
new in 2025: -€299,416
- Trade debts +€66,429
up €66,429 (+77.5%), from €85,749 to €152,178
- Current portion of long-term debt +€60,000
new in 2025: €60,000
- Tax, wage and social debts -€21,419
down €21,419 (-69.7%), from €30,751 to €9,332
- Turnover -€280,123
down €280,123 (-47.7%), from €587,613 to €307,489
- Gross operating margin -€270,523
down €270,523, from €198,452 to -€72,071
- Staff costs +€29,132
up €29,132 (+15.3%), from €190,936 to €220,068
- Purchases and services -€9,601
down €9,601 (-2.5%), from €389,161 to €379,560
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 | €342,138 | €147,731 | -€194,407 | -56.8% |
| Fixed assets | 21/28 | €9,039 | €5,080 | -€3,959 | -43.8% |
| Tangible fixed assets | 22/27 | €9,039 | €5,080 | -€3,959 | -43.8% |
| Furniture and vehicles | 24 | €9,039 | €5,080 | -€3,959 | -43.8% |
| Current assets | 29/58 | €333,099 | €142,651 | -€190,448 | -57.2% |
| Stocks and contracts in progress | 3 | €29,159 | €24,761 | -€4,398 | -15.1% |
| Stocks | 30/36 | €29,159 | €24,761 | -€4,398 | -15.1% |
| Amounts receivable within one year | 40/41 | €181,308 | €82,282 | -€99,025 | -54.6% |
| Trade receivables | 40 | €165,220 | €70,895 | -€94,325 | -57.1% |
| Other amounts receivable | 41 | €16,088 | €11,388 | -€4,700 | -29.2% |
| Cash at bank and in hand | 54/58 | €122,632 | €35,608 | -€87,024 | -71.0% |
| Total equity and liabilities | 10/49 | €342,138 | €147,731 | -€194,407 | -56.8% |
| Equity | 10/15 | €223,638 | -€75,779 | -€299,416 | |
| Contributions | 10/11 | €148,600 | €148,600 | = | 0.0% |
| Reserves | 13 | €75,038 | €75,038 | = | 0.0% |
| Distributable reserves | 133 | €75,038 | €75,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€299,416 | -€299,416 | |
| Amounts payable | 17/49 | €118,500 | €223,510 | +€105,010 | +88.6% |
| Amounts payable within one year | 42/48 | €116,500 | €221,510 | +€105,010 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €85,749 | €152,178 | +€66,429 | +77.5% |
| Suppliers | 440/4 | €85,749 | €152,178 | +€66,429 | +77.5% |
| Taxes, remuneration and social security | 45 | €30,751 | €9,332 | -€21,419 | -69.7% |
| Remuneration and social security | 454/9 | €30,751 | €9,332 | -€21,419 | -69.7% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Turnover | 70 | €587,613 | €307,489 | -€280,123 | -47.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €389,161 | €379,560 | -€9,601 | -2.5% |
| Remuneration, social security and pensions | 62 | €190,936 | €220,068 | +€29,132 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,967 | €4,648 | -€1,319 | -22.1% |
| Other operating charges | 640/8 | €1,138 | €1,952 | +€814 | +71.6% |
| Gross operating margin | 9900 | €198,452 | -€72,071 | -€270,523 | |
| Operating profit (loss) | 9901 | €411 | -€298,739 | -€299,150 | |
| Financial income | 75/76B | €1,597 | €25 | -€1,572 | -98.4% |
| Recurring financial income | 75 | €1,597 | €25 | -€1,572 | -98.4% |
| Financial charges | 65/66B | €148 | €382 | +€235 | +159% |
| Recurring financial charges | 65 | €148 | €382 | +€235 | +159% |
| Profit (loss) for the period before taxes | 9903 | €1,860 | -€299,096 | -€300,956 | |
| Income taxes | 67/77 | - | €320 | +€320 | |
| Profit (loss) for the period | 9904 | €1,860 | -€299,416 | -€301,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,860 | -€299,416 | -€301,276 |
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 15 October 2026 via checked.be.