PXLS: 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.
PXLS
Largest movements
- Cash +€75,526
up €75,526 (+490%), from €15,417 to €90,943
mainly Net result for the year (+€54,745) and Other debts (+€16,572)
- Receivables within one year -€5,769
down €5,769 (-30.0%), from €19,200 to €13,431
of which Other amounts receivable: -€7,037
- Profit (loss) carried forward +€54,745
up €54,745 (+133%), from €41,055 to €95,800
- Other debts +€16,572
new in 2025: €16,572
- Trade debts -€10,819
down €10,819 (-94.0%), from €11,508 to €689
- Tax, wage and social debts +€10,689
up €10,689 (+87.6%), from €12,202 to €22,892
- Gross operating margin +€25,026
up €25,026 (+44.7%), from €55,954 to €80,980
- Depreciation +€4,318
up €4,318 (+193%), from €2,234 to €6,552
- Taxes +€4,050
up €4,050 (+36.2%), from €11,202 to €15,253
- Financial charges +€2,840
up €2,840 (+237%), from €1,198 to €4,038
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 | €66,765 | €137,952 | +€71,187 | +107% |
| Fixed assets | 21/28 | €30,222 | €31,238 | +€1,015 | +3.4% |
| Tangible fixed assets | 22/27 | €30,222 | €31,238 | +€1,015 | +3.4% |
| Land and buildings | 22 | €15,338 | €13,764 | -€1,574 | -10.3% |
| Plant, machinery and equipment | 23 | €11,746 | €13,581 | +€1,835 | +15.6% |
| Furniture and vehicles | 24 | €1,338 | €2,092 | +€754 | +56.4% |
| Other tangible fixed assets | 26 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €36,543 | €106,715 | +€70,172 | +192% |
| Amounts receivable within one year | 40/41 | €19,200 | €13,431 | -€5,769 | -30.0% |
| Trade receivables | 40 | €12,162 | €13,431 | +€1,269 | +10.4% |
| Other amounts receivable | 41 | €7,037 | - | -€7,037 | |
| Cash at bank and in hand | 54/58 | €15,417 | €90,943 | +€75,526 | +490% |
| Deferred charges and accrued income | 490/1 | €1,926 | €2,340 | +€415 | +21.5% |
| Total equity and liabilities | 10/49 | €66,765 | €137,952 | +€71,187 | +107% |
| Equity | 10/15 | €43,055 | €97,800 | +€54,745 | +127% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,055 | €95,800 | +€54,745 | +133% |
| Amounts payable | 17/49 | €23,710 | €40,152 | +€16,442 | +69.3% |
| Amounts payable within one year | 42/48 | €23,710 | €40,152 | +€16,442 | +69.3% |
| Trade debts | 44 | €11,508 | €689 | -€10,819 | -94.0% |
| Suppliers | 440/4 | €11,508 | €689 | -€10,819 | -94.0% |
| Taxes, remuneration and social security | 45 | €12,202 | €22,892 | +€10,689 | +87.6% |
| Taxes | 450/3 | €12,202 | €22,892 | +€10,689 | +87.6% |
| Other amounts payable | 47/48 | - | €16,572 | +€16,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,234 | €6,552 | +€4,318 | +193% |
| Other operating charges | 640/8 | €265 | €393 | +€128 | +48.4% |
| Gross operating margin | 9900 | €55,954 | €80,980 | +€25,026 | +44.7% |
| Operating profit (loss) | 9901 | €53,456 | €74,035 | +€20,580 | +38.5% |
| Financial charges | 65/66B | €1,198 | €4,038 | +€2,840 | +237% |
| Recurring financial charges | 65 | €1,198 | €4,038 | +€2,840 | +237% |
| Profit (loss) for the period before taxes | 9903 | €52,258 | €69,998 | +€17,740 | +33.9% |
| Income taxes | 67/77 | €11,202 | €15,253 | +€4,050 | +36.2% |
| Profit (loss) for the period | 9904 | €41,055 | €54,745 | +€13,690 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,055 | €54,745 | +€13,690 | +33.3% |
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 30 October 2026 via checked.be.