Pigeolet: 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.
Pigeolet
Largest movements
- Cash +€20,638
up €20,638 (+74.1%), from €27,837 to €48,475
mainly Net result for the year (+€21,057) and Receivables within one year (+€19,692)
- Receivables within one year -€19,692
down €19,692 (-96.5%), from €20,402 to €710
of which Trade receivables: -€20,402
- Receivables after one year +€12,396
up €12,396 (+16.0%), from €77,413 to €89,809
- Tangible fixed assets +€3,704
up €3,704 (+372%), from €996 to €4,700
- Deferred charges and accrued income +€1,640
up €1,640 (+149%), from €1,102 to €2,742
- Reserves +€21,057
up €21,057 (+22.3%), from €94,450 to €115,507
- Tax, wage and social debts -€6,490
down €6,490 (-22.0%), from €29,490 to €23,000
- Trade debts +€4,119
up €4,119 (+314%), from €1,310 to €5,429
- Gross operating margin +€21,850
up €21,850 (+70.2%), from €31,136 to €52,986
- Other operating charges +€15,910
up €15,910 (+3,254%), from €489 to €16,399
- Depreciation +€3,731
up €3,731 (+513%), from €728 to €4,459
- Taxes +€2,248
up €2,248 (+20.1%), from €11,194 to €13,442
- Financial income +€1,640
up €1,640 (+149%), from €1,102 to €2,742
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 | €127,750 | €146,436 | +€18,686 | +14.6% |
| Fixed assets | 21/28 | €996 | €4,700 | +€3,704 | +372% |
| Tangible fixed assets | 22/27 | €996 | €4,700 | +€3,704 | +372% |
| Furniture and vehicles | 24 | €996 | €4,700 | +€3,704 | +372% |
| Current assets | 29/58 | €126,754 | €141,736 | +€14,982 | +11.8% |
| Amounts receivable after more than one year | 29 | €77,413 | €89,809 | +€12,396 | +16.0% |
| Trade receivables | 290 | €77,413 | €89,809 | +€12,396 | +16.0% |
| Amounts receivable within one year | 40/41 | €20,402 | €710 | -€19,692 | -96.5% |
| Trade receivables | 40 | €20,402 | - | -€20,402 | |
| Other amounts receivable | 41 | - | €710 | +€710 | |
| Cash at bank and in hand | 54/58 | €27,837 | €48,475 | +€20,638 | +74.1% |
| Deferred charges and accrued income | 490/1 | €1,102 | €2,742 | +€1,640 | +149% |
| Total equity and liabilities | 10/49 | €127,750 | €146,436 | +€18,686 | +14.6% |
| Equity | 10/15 | €96,950 | €118,007 | +€21,057 | +21.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €94,450 | €115,507 | +€21,057 | +22.3% |
| Distributable reserves | 133 | €94,450 | €115,507 | +€21,057 | +22.3% |
| Amounts payable | 17/49 | €30,800 | €28,429 | -€2,371 | -7.7% |
| Amounts payable within one year | 42/48 | €30,800 | €28,429 | -€2,371 | -7.7% |
| Trade debts | 44 | €1,310 | €5,429 | +€4,119 | +314% |
| Suppliers | 440/4 | €1,310 | €5,429 | +€4,119 | +314% |
| Taxes, remuneration and social security | 45 | €29,490 | €23,000 | -€6,490 | -22.0% |
| Taxes | 450/3 | €29,490 | €23,000 | -€6,490 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €4,459 | +€3,731 | +513% |
| Other operating charges | 640/8 | €489 | €16,399 | +€15,910 | +3,254% |
| Gross operating margin | 9900 | €31,136 | €52,986 | +€21,850 | +70.2% |
| Operating profit (loss) | 9901 | €29,919 | €32,128 | +€2,209 | +7.4% |
| Financial income | 75/76B | €1,102 | €2,742 | +€1,640 | +149% |
| Recurring financial income | 75 | €1,102 | €2,742 | +€1,640 | +149% |
| Financial charges | 65/66B | €372 | €371 | -€1 | -0.3% |
| Recurring financial charges | 65 | €372 | €371 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €30,649 | €34,499 | +€3,850 | +12.6% |
| Income taxes | 67/77 | €11,194 | €13,442 | +€2,248 | +20.1% |
| Profit (loss) for the period | 9904 | €19,455 | €21,057 | +€1,602 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,455 | €21,057 | +€1,602 | +8.2% |
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 21 October 2026 via checked.be.