PXLL: 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.
PXLL
Largest movements
- Tangible fixed assets -€57,531
down €57,531 (-6.7%), from €857,632 to €800,101
- Cash -€20,272
down €20,272 (-60.7%), from €33,401 to €13,129
mainly Debts after one year (-€107,335) and Receivables within one year (-€20,224)
- Receivables within one year +€20,224
up €20,224 (+56.9%), from €35,558 to €55,782
of which Other amounts receivable: +€34,754
- Debts after one year -€107,335
down €107,335 (-23.6%), from €455,324 to €347,989
- Current portion of long-term debt +€51,584
up €51,584 (+90.4%), from €57,060 to €108,644
- Other debts +€15,121
up €15,121 (+28.9%), from €52,340 to €67,461
- Tax, wage and social debts -€15,015
down €15,015 (-72.5%), from €20,707 to €5,692
- Gross operating margin -€84,705
down €84,705 (-55.7%), from €152,037 to €67,332
- Taxes -€15,108
down €15,108 (-91.5%), from €16,517 to €1,409
- Depreciation +€8,414
up €8,414 (+17.1%), from €49,119 to €57,533
- Financial income -€2,010
no longer reported in 2025 (was €2,010)
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 | €927,371 | €869,199 | -€58,172 | -6.3% |
| Fixed assets | 21/28 | €857,632 | €800,101 | -€57,531 | -6.7% |
| Tangible fixed assets | 22/27 | €857,632 | €800,101 | -€57,531 | -6.7% |
| Land and buildings | 22 | €716,254 | €690,044 | -€26,210 | -3.7% |
| Plant, machinery and equipment | 23 | €76,812 | €65,099 | -€11,713 | -15.2% |
| Furniture and vehicles | 24 | €64,566 | €44,958 | -€19,608 | -30.4% |
| Current assets | 29/58 | €69,739 | €69,098 | -€641 | -0.9% |
| Amounts receivable within one year | 40/41 | €35,558 | €55,782 | +€20,224 | +56.9% |
| Trade receivables | 40 | €17,075 | €2,545 | -€14,530 | -85.1% |
| Other amounts receivable | 41 | €18,483 | €53,237 | +€34,754 | +188.0% |
| Cash at bank and in hand | 54/58 | €33,401 | €13,129 | -€20,272 | -60.7% |
| Deferred charges and accrued income | 490/1 | €780 | €187 | -€593 | -76.0% |
| Total equity and liabilities | 10/49 | €927,371 | €869,199 | -€58,172 | -6.3% |
| Equity | 10/15 | €340,231 | €332,418 | -€7,813 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,619 | €156,619 | = | 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% |
| Distributable reserves | 133 | €154,759 | €154,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,012 | €157,199 | -€7,813 | -4.7% |
| Amounts payable | 17/49 | €587,140 | €536,781 | -€50,359 | -8.6% |
| Amounts payable after more than one year | 17 | €455,324 | €347,989 | -€107,335 | -23.6% |
| Financial debts | 170/4 | €455,324 | €347,989 | -€107,335 | -23.6% |
| Amounts payable within one year | 42/48 | €131,663 | €183,346 | +€51,683 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €57,060 | €108,644 | +€51,584 | +90.4% |
| Trade debts | 44 | €1,556 | €1,549 | -€7 | -0.4% |
| Suppliers | 440/4 | €1,556 | €1,549 | -€7 | -0.4% |
| Taxes, remuneration and social security | 45 | €20,707 | €5,692 | -€15,015 | -72.5% |
| Taxes | 450/3 | €20,707 | €5,692 | -€15,015 | -72.5% |
| Other amounts payable | 47/48 | €52,340 | €67,461 | +€15,121 | +28.9% |
| Accrued charges and deferred income | 492/3 | €153 | €5,446 | +€5,293 | +3459.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,119 | €57,533 | +€8,414 | +17.1% |
| Other operating charges | 640/8 | €5,807 | €7,035 | +€1,228 | +21.1% |
| Gross operating margin | 9900 | €152,037 | €67,332 | -€84,705 | -55.7% |
| Operating profit (loss) | 9901 | €97,111 | €2,764 | -€94,347 | -97.2% |
| Financial income | 75/76B | €2,010 | - | -€2,010 | |
| Recurring financial income | 75 | €2,010 | - | -€2,010 | |
| Financial charges | 65/66B | €10,600 | €9,168 | -€1,432 | -13.5% |
| Recurring financial charges | 65 | €10,600 | €9,168 | -€1,432 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €88,521 | -€6,404 | -€94,925 | |
| Income taxes | 67/77 | €16,517 | €1,409 | -€15,108 | -91.5% |
| Profit (loss) for the period | 9904 | €72,004 | -€7,813 | -€79,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,004 | -€7,813 | -€79,817 |
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 4 October 2026 via checked.be.