PYXIMA: 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.
PYXIMA
Largest movements
- Receivables after one year -€85,000
no longer reported in 2025 (was €85,000)
- Receivables within one year +€74,808
up €74,808 (+219.5%), from €34,088 to €108,896
of which Trade receivables: +€71,930
- Reserves +€62,418
up €62,418 (+47.5%), from €131,449 to €193,867
of which Distributable reserves: +€60,333
- Accrued charges and deferred income -€40,994
down €40,994 (-10.6%), from €384,921 to €343,927
- Tax, wage and social debts -€31,237
down €31,237 (-63.9%), from €48,902 to €17,665
of which Taxes: -€16,082
- Short-term financial debts +€27,201
up €27,201 (+12.2%), from €222,799 to €250,000
- Profit (loss) carried forward -€20,712
no longer reported in 2025 (was €20,712)
- Gross operating margin +€114,762
up €114,762 (+28.8%), from €398,813 to €513,575
- Staff costs -€63,622
down €63,622 (-37.7%), from €168,575 to €104,953
- Depreciation +€58,116
up €58,116 (+19.7%), from €294,655 to €352,771
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 | €1,194,307 | €1,185,034 | -€9,273 | -0.8% |
| Fixed assets | 21/28 | €1,044,060 | €1,041,255 | -€2,805 | -0.3% |
| Intangible fixed assets | 21 | €1,042,034 | €1,038,967 | -€3,067 | -0.3% |
| Tangible fixed assets | 22/27 | €2,026 | €2,288 | +€262 | +12.9% |
| Furniture and vehicles | 24 | €2,026 | €2,288 | +€262 | +12.9% |
| Current assets | 29/58 | €150,247 | €143,779 | -€6,468 | -4.3% |
| Amounts receivable after more than one year | 29 | €85,000 | - | -€85,000 | |
| Other amounts receivable | 291 | €85,000 | - | -€85,000 | |
| Amounts receivable within one year | 40/41 | €34,088 | €108,896 | +€74,808 | +219.5% |
| Trade receivables | 40 | €34,088 | €106,018 | +€71,930 | +211.0% |
| Other amounts receivable | 41 | - | €2,878 | +€2,878 | |
| Cash at bank and in hand | 54/58 | €23,911 | €31,460 | +€7,549 | +31.6% |
| Deferred charges and accrued income | 490/1 | €7,248 | €3,423 | -€3,825 | -52.8% |
| Total equity and liabilities | 10/49 | €1,194,307 | €1,185,034 | -€9,273 | -0.8% |
| Equity | 10/15 | €383,691 | €425,397 | +€41,706 | +10.9% |
| Contributions | 10/11 | €231,530 | €231,530 | = | 0.0% |
| Capital | 10 | €231,530 | €231,530 | = | 0.0% |
| Issued capital | 100 | €236,130 | €236,130 | = | 0.0% |
| Uncalled capital | 101 | €4,600 | €4,600 | = | 0.0% |
| Reserves | 13 | €131,449 | €193,867 | +€62,418 | +47.5% |
| Non-distributable reserves | 130/1 | €14,872 | €16,957 | +€2,085 | +14.0% |
| Legal reserve | 130 | €14,872 | €16,957 | +€2,085 | +14.0% |
| Distributable reserves | 133 | €116,577 | €176,910 | +€60,333 | +51.8% |
| Profit (loss) carried forward | 14 | €20,712 | - | -€20,712 | |
| Amounts payable | 17/49 | €810,616 | €759,637 | -€50,979 | -6.3% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €375,695 | €365,710 | -€9,985 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,833 | - | -€6,833 | |
| Financial debts | 43 | €222,799 | €250,000 | +€27,201 | +12.2% |
| Credit institutions | 430/8 | €222,799 | €250,000 | +€27,201 | +12.2% |
| Trade debts | 44 | €97,161 | €98,045 | +€884 | +0.9% |
| Suppliers | 440/4 | €97,161 | €98,045 | +€884 | +0.9% |
| Taxes, remuneration and social security | 45 | €48,902 | €17,665 | -€31,237 | -63.9% |
| Taxes | 450/3 | €26,501 | €10,419 | -€16,082 | -60.7% |
| Remuneration and social security | 454/9 | €22,401 | €7,246 | -€15,155 | -67.7% |
| Accrued charges and deferred income | 492/3 | €384,921 | €343,927 | -€40,994 | -10.6% |
| Remuneration, social security and pensions | 62 | €168,575 | €104,953 | -€63,622 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,655 | €352,771 | +€58,116 | +19.7% |
| Other operating charges | 640/8 | €1,702 | €1,684 | -€18 | -1.1% |
| Gross operating margin | 9900 | €398,813 | €513,575 | +€114,762 | +28.8% |
| Operating profit (loss) | 9901 | -€66,119 | €54,167 | +€120,286 | |
| Financial income | 75/76B | €1,705 | €1,670 | -€35 | -2.1% |
| Recurring financial income | 75 | €1,705 | €1,670 | -€35 | -2.1% |
| Financial charges | 65/66B | €14,883 | €13,816 | -€1,067 | -7.2% |
| Recurring financial charges | 65 | €14,883 | €13,816 | -€1,067 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,297 | €42,021 | +€121,318 | |
| Income taxes | 67/77 | €262 | €315 | +€53 | +20.2% |
| Profit (loss) for the period | 9904 | -€79,559 | €41,706 | +€121,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,559 | €41,706 | +€121,265 |
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.