SAVEUR PIXEL: 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.
SAVEUR PIXEL
Largest movements
- Cash +€30,267
up €30,267 (+29.2%), from €103,526 to €133,792
mainly Net result for the year (+€31,774) and Depreciation (+€17,687)
- Tangible fixed assets -€12,615
down €12,615 (-5.5%), from €231,087 to €218,472
of which Plant, machinery and equipment: -€7,351
- Profit (loss) carried forward +€31,774
up €31,774 (+461.2%), from €6,890 to €38,664
- Debts after one year -€18,752
down €18,752 (-15.3%), from €122,371 to €103,620
- Tax, wage and social debts +€11,055
up €11,055 (+67.9%), from €16,279 to €27,334
- Trade debts -€4,145
down €4,145 (-43.3%), from €9,573 to €5,429
- Gross operating margin +€22,363
up €22,363 (+17.8%), from €125,516 to €147,879
- Staff costs +€17,522
up €17,522 (+29.0%), from €60,483 to €78,005
- Turnover +€15,726
up €15,726 (+9.1%), from €171,897 to €187,623
- Purchases and services -€4,705
down €4,705 (-7.4%), from €63,901 to €59,196
- Taxes -€3,935
down €3,935 (-21.8%), from €18,042 to €14,107
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 | €394,124 | €413,797 | +€19,673 | +5.0% |
| Fixed assets | 21/28 | €231,685 | €219,070 | -€12,615 | -5.4% |
| Intangible fixed assets | 21 | €598 | €598 | = | 0.0% |
| Tangible fixed assets | 22/27 | €231,087 | €218,472 | -€12,615 | -5.5% |
| Land and buildings | 22 | €172,900 | €172,900 | = | 0.0% |
| Plant, machinery and equipment | 23 | €42,335 | €34,984 | -€7,351 | -17.4% |
| Furniture and vehicles | 24 | €15,852 | €10,588 | -€5,263 | -33.2% |
| Current assets | 29/58 | €162,439 | €194,727 | +€32,288 | +19.9% |
| Amounts receivable within one year | 40/41 | €58,914 | €60,935 | +€2,021 | +3.4% |
| Trade receivables | 40 | €18,890 | €19,889 | +€999 | +5.3% |
| Other amounts receivable | 41 | €40,024 | €41,046 | +€1,022 | +2.6% |
| Cash at bank and in hand | 54/58 | €103,526 | €133,792 | +€30,267 | +29.2% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | 0.0% |
| Total equity and liabilities | 10/49 | €394,124 | €413,797 | +€19,673 | +5.0% |
| Equity | 10/15 | €226,890 | €258,664 | +€31,774 | +14.0% |
| Contributions | 10/11 | €216,500 | €216,500 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Contributions outside capital | 11 | €41,500 | €41,500 | = | 0.0% |
| Other | 1109/19 | €41,500 | €41,500 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Legal reserve | 130 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,890 | €38,664 | +€31,774 | +461.2% |
| Amounts payable | 17/49 | €167,234 | €155,134 | -€12,101 | -7.2% |
| Amounts payable after more than one year | 17 | €122,371 | €103,620 | -€18,752 | -15.3% |
| Financial debts | 170/4 | €122,371 | €103,620 | -€18,752 | -15.3% |
| Amounts payable within one year | 42/48 | €44,863 | €51,514 | +€6,651 | +14.8% |
| Financial debts | 43 | €19,011 | €18,752 | -€259 | -1.4% |
| Credit institutions | 430/8 | €19,011 | €18,752 | -€259 | -1.4% |
| Trade debts | 44 | €9,573 | €5,429 | -€4,145 | -43.3% |
| Suppliers | 440/4 | €9,573 | €5,429 | -€4,145 | -43.3% |
| Taxes, remuneration and social security | 45 | €16,279 | €27,334 | +€11,055 | +67.9% |
| Taxes | 450/3 | €16,279 | €27,334 | +€11,055 | +67.9% |
| Turnover | 70 | €171,897 | €187,623 | +€15,726 | +9.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €63,901 | €59,196 | -€4,705 | -7.4% |
| Remuneration, social security and pensions | 62 | €60,483 | €78,005 | +€17,522 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,445 | €17,687 | +€1,241 | +7.5% |
| Other operating charges | 640/8 | €1,638 | €3,486 | +€1,849 | +112.9% |
| Gross operating margin | 9900 | €125,516 | €147,879 | +€22,363 | +17.8% |
| Operating profit (loss) | 9901 | €46,951 | €48,701 | +€1,750 | +3.7% |
| Financial income | 75/76B | €350 | €433 | +€83 | +23.7% |
| Recurring financial income | 75 | €350 | €433 | +€83 | +23.7% |
| Financial charges | 65/66B | €3,680 | €3,253 | -€426 | -11.6% |
| Recurring financial charges | 65 | €3,680 | €3,253 | -€426 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €43,621 | €45,881 | +€2,260 | +5.2% |
| Income taxes | 67/77 | €18,042 | €14,107 | -€3,935 | -21.8% |
| Profit (loss) for the period | 9904 | €25,579 | €31,774 | +€6,195 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,579 | €31,774 | +€6,195 | +24.2% |
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 11 October 2026 via checked.be.