PYXISIMMO: 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.
What changed
PYXISIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€25,574
2024 · €105,454-€79,880
Equity
€524,245
2024 · €498,671+€25,574
Cash
€59,202
2024 · €50,717+€8,485
Balance sheet total
€2.9m
2024 · €3.1m-€208,303
Largest movements
Assets
- Tangible fixed assets -€170,760
down €170,760 (-5.9%), from €2.9m to €2.7m
of which Land and buildings: -€152,291
- Receivables within one year -€45,782
down €45,782 (-32.4%), from €141,401 to €95,619
of which Trade receivables: -€116,130
Equity and liabilities
- Debts after one year -€233,687
down €233,687 (-10.7%), from €2.2m to €1.9m
of which Financial debts: -€229,925
Income statement
- Gross operating margin -€98,940
down €98,940 (-20.1%), from €491,038 to €392,098
- Taxes -€34,117
down €34,117, from €28,746 to -€5,371
- Other operating charges +€17,975
up €17,975 (+25.1%), from €71,709 to €89,684
- Depreciation +€7,281
up €7,281 (+3.3%), from €219,609 to €226,889
- Write-downs -€5,940
no longer reported in 2025 (was €5,940)
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.
Result 2024
€105,454
Gross operating margin
-€98,940
Depreciation
-€7,281
Write-downs
+€5,940
Other operating charges
-€17,975
Other operating items
-€2,305
Financial income
+€2,692
Financial charges
+€3,872
Taxes
+€34,117
Result 2025
€25,574
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.
From operations
+€293,643
Investment
-€56,129
Financing
-€229,029
Cash 2024
€50,717
From operations (derived)
+€293,643
Net result for the year
+€25,574
Depreciation
+€226,889
Receivables within one year
+€45,782
Smaller working-capital items
+€225
Tax, wage and social debts
+€4,849
Other debts
-€5,077
Accrued charges and deferred income
-€4,600
Investment (derived)
-€56,129
Investment in fixed assets (net)
-€56,129
Financing
-€229,029
Debts after one year
-€233,687
Current portion of long-term debt
+€13,179
Short-term financial debts
-€8,521
Cash 2025
€59,202
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,070,734 | €2,862,431 | -€208,303 | -6.8% |
| Fixed assets | 21/28 | €2,871,425 | €2,700,665 | -€170,760 | -5.9% |
| Tangible fixed assets | 22/27 | €2,871,425 | €2,700,665 | -€170,760 | -5.9% |
| Land and buildings | 22 | €2,807,778 | €2,655,487 | -€152,291 | -5.4% |
| Furniture and vehicles | 24 | €63,647 | €45,178 | -€18,469 | -29.0% |
| Current assets | 29/58 | €199,308 | €161,766 | -€37,543 | -18.8% |
| Amounts receivable within one year | 40/41 | €141,401 | €95,619 | -€45,782 | -32.4% |
| Trade receivables | 40 | €131,235 | €15,105 | -€116,130 | -88.5% |
| Other amounts receivable | 41 | €10,166 | €80,514 | +€70,348 | +692.0% |
| Cash at bank and in hand | 54/58 | €50,717 | €59,202 | +€8,485 | +16.7% |
| Deferred charges and accrued income | 490/1 | €7,190 | €6,945 | -€245 | -3.4% |
| Total equity and liabilities | 10/49 | €3,070,734 | €2,862,431 | -€208,303 | -6.8% |
| Equity | 10/15 | €498,671 | €524,245 | +€25,574 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,360 | €67,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,360 | €67,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425,111 | €450,685 | +€25,574 | +6.0% |
| Amounts payable | 17/49 | €2,572,063 | €2,338,186 | -€233,877 | -9.1% |
| Amounts payable after more than one year | 17 | €2,182,283 | €1,948,596 | -€233,687 | -10.7% |
| Financial debts | 170/4 | €2,160,343 | €1,930,418 | -€229,925 | -10.6% |
| Other amounts payable | 178/9 | €21,940 | €18,178 | -€3,762 | -17.1% |
| Amounts payable within one year | 42/48 | €385,180 | €389,590 | +€4,410 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €225,237 | €238,416 | +€13,179 | +5.9% |
| Financial debts | 43 | €8,521 | €0 | -€8,521 | -100.0% |
| Credit institutions | 430/8 | €8,521 | €0 | -€8,521 | -100.0% |
| Trade debts | 44 | €22,324 | €22,303 | -€21 | -0.1% |
| Suppliers | 440/4 | €22,324 | €22,303 | -€21 | -0.1% |
| Taxes, remuneration and social security | 45 | €9,021 | €13,870 | +€4,849 | +53.7% |
| Taxes | 450/3 | €9,021 | €13,870 | +€4,849 | +53.7% |
| Other amounts payable | 47/48 | €120,077 | €115,000 | -€5,077 | -4.2% |
| Accrued charges and deferred income | 492/3 | €4,600 | €0 | -€4,600 | -100.0% |
| Non-recurring operating income | 76A | €0 | €32,245 | +€32,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,609 | €226,889 | +€7,281 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,940 | - | -€5,940 | |
| Other operating charges | 640/8 | €71,709 | €89,684 | +€17,975 | +25.1% |
| Non-recurring operating charges | 66A | - | €2,305 | +€2,305 | |
| Gross operating margin | 9900 | €491,038 | €392,098 | -€98,940 | -20.1% |
| Operating profit (loss) | 9901 | €193,781 | €73,220 | -€120,561 | -62.2% |
| Financial income | 75/76B | €5 | €2,697 | +€2,692 | +53836.2% |
| Recurring financial income | 75 | €5 | €2,697 | +€2,692 | +53836.2% |
| Financial charges | 65/66B | €59,586 | €55,714 | -€3,872 | -6.5% |
| Recurring financial charges | 65 | €59,586 | €55,714 | -€3,872 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €134,200 | €20,203 | -€113,997 | -84.9% |
| Income taxes | 67/77 | €28,746 | -€5,371 | -€34,117 | |
| Profit (loss) for the period | 9904 | €105,454 | €25,574 | -€79,880 | -75.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €105,454 | €25,574 | -€79,880 | -75.7% |
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 5 October 2026 via checked.be.