JC PIGEONS: 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.
JC PIGEONS
Largest movements
- Receivables within one year +€15,558
up €15,558 (+3,600%), from €432 to €15,990
of which Trade receivables: +€15,990
- Stocks and contracts -€14,379
down €14,379 (-95.0%), from €15,129 to €750
- Tangible fixed assets -€6,679
down €6,679 (-20.8%), from €32,092 to €25,413
of which Furniture and vehicles: -€10,388
- Cash +€2,179
up €2,179 (+2,086%), from €104 to €2,283
mainly Stocks and contracts (+€14,379) and Investment in fixed assets (net) (+€5,643)
- Profit (loss) carried forward -€4,960
down €4,960 (-20.6%), from -€24,042 to -€29,002
- Other debts +€3,255
up €3,255 (+4.8%), from €67,471 to €70,726
- Trade debts -€1,443
down €1,443 (-75.7%), from €1,907 to €464
- Gross operating margin -€7,836
down €7,836, from €4,707 to -€3,129
- Depreciation +€912
up €912 (+738%), from €124 to €1,036
- Other operating charges +€731
new in 2024: €731
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,758 | €44,436 | -€3,321 | -7.0% |
| Fixed assets | 21/28 | €32,092 | €25,413 | -€6,679 | -20.8% |
| Tangible fixed assets | 22/27 | €32,092 | €25,413 | -€6,679 | -20.8% |
| Plant, machinery and equipment | 23 | €926 | €4,635 | +€3,709 | +400% |
| Furniture and vehicles | 24 | €31,166 | €20,778 | -€10,388 | -33.3% |
| Current assets | 29/58 | €15,666 | €19,023 | +€3,358 | +21.4% |
| Stocks and contracts in progress | 3 | €15,129 | €750 | -€14,379 | -95.0% |
| Stocks | 30/36 | €15,129 | €750 | -€14,379 | -95.0% |
| Amounts receivable within one year | 40/41 | €432 | €15,990 | +€15,558 | +3,600% |
| Trade receivables | 40 | - | €15,990 | +€15,990 | |
| Other amounts receivable | 41 | €432 | - | -€432 | |
| Cash at bank and in hand | 54/58 | €104 | €2,283 | +€2,179 | +2,086% |
| Total equity and liabilities | 10/49 | €47,758 | €44,436 | -€3,321 | -7.0% |
| Equity | 10/15 | -€22,042 | -€27,002 | -€4,960 | -22.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,042 | -€29,002 | -€4,960 | -20.6% |
| Amounts payable | 17/49 | €69,800 | €71,438 | +€1,639 | +2.3% |
| Amounts payable within one year | 42/48 | €69,800 | €71,438 | +€1,639 | +2.3% |
| Trade debts | 44 | €1,907 | €464 | -€1,443 | -75.7% |
| Suppliers | 440/4 | €1,907 | €464 | -€1,443 | -75.7% |
| Taxes, remuneration and social security | 45 | €422 | €249 | -€174 | -41.1% |
| Taxes | 450/3 | €422 | €249 | -€174 | -41.1% |
| Other amounts payable | 47/48 | €67,471 | €70,726 | +€3,255 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €1,036 | +€912 | +738% |
| Other operating charges | 640/8 | - | €731 | +€731 | |
| Gross operating margin | 9900 | €4,707 | -€3,129 | -€7,836 | |
| Operating profit (loss) | 9901 | €4,584 | -€4,895 | -€9,479 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €45 | €65 | +€20 | +44.4% |
| Recurring financial charges | 65 | €45 | €65 | +€20 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €4,539 | -€4,960 | -€9,499 | |
| Profit (loss) for the period | 9904 | €4,539 | -€4,960 | -€9,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,539 | -€4,960 | -€9,499 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.