PAGNOTTA CAR: 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.
PAGNOTTA CAR
Largest movements
- Receivables within one year +€56,340
up €56,340 (+331%), from €17,024 to €73,363
of which Trade receivables: +€55,999
- Cash +€25,558
up €25,558 (+105%), from €24,376 to €49,934
mainly Net result for the year (+€57,809) and Depreciation (+€55,700)
- Tangible fixed assets -€18,029
down €18,029 (-14.9%), from €121,064 to €103,035
- Stocks and contracts -€9,849
down €9,849 (-32.6%), from €30,171 to €20,322
- Reserves +€57,809
up €57,809 (+104%), from €55,417 to €113,227
- Tax, wage and social debts +€19,501
new in 2024: €19,501
- Debts after one year -€18,476
down €18,476 (-72.6%), from €25,446 to €6,971
- Trade debts +€9,882
up €9,882 (+791%), from €1,250 to €11,132
- Current portion of long-term debt -€9,266
down €9,266 (-33.4%), from €27,742 to €18,476
- Gross operating margin +€79,048
up €79,048 (+121%), from €65,454 to €144,502
- Taxes +€32,075
up €32,075, from -€2,578 to €29,497
- Depreciation -€4,458
down €4,458 (-7.4%), from €60,158 to €55,700
- Other operating charges -€2,997
down €2,997 (-88.6%), from €3,384 to €387
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 | €192,634 | €246,655 | +€54,020 | +28.0% |
| Fixed assets | 21/28 | €121,064 | €103,035 | -€18,029 | -14.9% |
| Tangible fixed assets | 22/27 | €121,064 | €103,035 | -€18,029 | -14.9% |
| Other tangible fixed assets | 26 | €121,064 | €103,035 | -€18,029 | -14.9% |
| Current assets | 29/58 | €71,570 | €143,620 | +€72,050 | +101% |
| Stocks and contracts in progress | 3 | €30,171 | €20,322 | -€9,849 | -32.6% |
| Stocks | 30/36 | €30,171 | €20,322 | -€9,849 | -32.6% |
| Amounts receivable within one year | 40/41 | €17,024 | €73,363 | +€56,340 | +331% |
| Trade receivables | 40 | €9,251 | €65,250 | +€55,999 | +605% |
| Other amounts receivable | 41 | €7,772 | €8,113 | +€341 | +4.4% |
| Cash at bank and in hand | 54/58 | €24,376 | €49,934 | +€25,558 | +105% |
| Total equity and liabilities | 10/49 | €192,634 | €246,655 | +€54,020 | +28.0% |
| Equity | 10/15 | €75,417 | €133,227 | +€57,809 | +76.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,417 | €113,227 | +€57,809 | +104% |
| Distributable reserves | 133 | €55,417 | €113,227 | +€57,809 | +104% |
| Amounts payable | 17/49 | €117,217 | €113,428 | -€3,789 | -3.2% |
| Amounts payable after more than one year | 17 | €25,446 | €6,971 | -€18,476 | -72.6% |
| Financial debts | 170/4 | €25,446 | €6,971 | -€18,476 | -72.6% |
| Amounts payable within one year | 42/48 | €39,792 | €63,509 | +€23,717 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €27,742 | €18,476 | -€9,266 | -33.4% |
| Trade debts | 44 | €1,250 | €11,132 | +€9,882 | +791% |
| Suppliers | 440/4 | €1,250 | €11,132 | +€9,882 | +791% |
| Taxes, remuneration and social security | 45 | - | €19,501 | +€19,501 | |
| Taxes | 450/3 | - | €19,501 | +€19,501 | |
| Other amounts payable | 47/48 | €10,800 | €14,400 | +€3,600 | +33.3% |
| Accrued charges and deferred income | 492/3 | €51,979 | €42,948 | -€9,030 | -17.4% |
| Remuneration, social security and pensions | 62 | -€0 | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,158 | €55,700 | -€4,458 | -7.4% |
| Other operating charges | 640/8 | €3,384 | €387 | -€2,997 | -88.6% |
| Gross operating margin | 9900 | €65,454 | €144,502 | +€79,048 | +121% |
| Operating profit (loss) | 9901 | €1,911 | €88,415 | +€86,504 | +4,526% |
| Financial charges | 65/66B | €981 | €1,108 | +€127 | +12.9% |
| Recurring financial charges | 65 | €981 | €1,108 | +€127 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €930 | €87,306 | +€86,377 | +9,290% |
| Income taxes | 67/77 | -€2,578 | €29,497 | +€32,075 | |
| Profit (loss) for the period | 9904 | €3,508 | €57,809 | +€54,301 | +1,548% |
| Profit (loss) for the period to be appropriated | 9905 | €3,508 | €57,809 | +€54,301 | +1,548% |
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 19 October 2026 via checked.be.