Pilatus Five: 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.
Pilatus Five
Largest movements
- Tangible fixed assets -€217,899
down €217,899 (-6.7%), from €3.3m to €3.0m
- Receivables within one year -€105,275
down €105,275 (-32.2%), from €326,753 to €221,478
of which Trade receivables: -€105,292
- Profit (loss) carried forward -€291,625
down €291,625 (-30.1%), from -€968,951 to -€1.3m
- Debts after one year -€66,974
down €66,974 (-3.4%), from €2.0m to €1.9m
- Gross operating margin +€72,610
up €72,610, from -€45,958 to €26,652
- Financial charges +€13,334
up €13,334 (+15.5%), from €85,991 to €99,325
- Financial income -€8,867
no longer reported in 2024 (was €8,867)
of which Financial income: -€8,867
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.
Cash bridge derived
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 | €3,577,301 | €3,254,318 | -€322,983 | -9.0% |
| Fixed assets | 21/28 | €3,250,325 | €3,032,426 | -€217,899 | -6.7% |
| Tangible fixed assets | 22/27 | €3,250,325 | €3,032,426 | -€217,899 | -6.7% |
| Plant, machinery and equipment | 23 | €3,250,325 | €3,032,426 | -€217,899 | -6.7% |
| Current assets | 29/58 | €326,976 | €221,892 | -€105,084 | -32.1% |
| Amounts receivable within one year | 40/41 | €326,753 | €221,478 | -€105,275 | -32.2% |
| Trade receivables | 40 | €201,704 | €96,412 | -€105,292 | -52.2% |
| Other amounts receivable | 41 | €125,049 | €125,066 | +€17 | 0.0% |
| Cash at bank and in hand | 54/58 | €223 | €414 | +€191 | +85.4% |
| Total equity and liabilities | 10/49 | €3,577,301 | €3,254,318 | -€322,983 | -9.0% |
| Equity | 10/15 | €281,049 | -€10,576 | -€291,625 | |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€968,951 | -€1,260,576 | -€291,625 | -30.1% |
| Amounts payable | 17/49 | €3,296,252 | €3,264,894 | -€31,358 | -1.0% |
| Amounts payable after more than one year | 17 | €1,952,680 | €1,885,705 | -€66,974 | -3.4% |
| Financial debts | 170/4 | €1,952,680 | €1,885,705 | -€66,974 | -3.4% |
| Amounts payable within one year | 42/48 | €1,342,568 | €1,378,294 | +€35,726 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €87,177 | €88,617 | +€1,440 | +1.7% |
| Financial debts | 43 | €1,250,000 | €1,250,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,250,000 | €1,250,000 | = | 0.0% |
| Trade debts | 44 | €0 | €34,432 | +€34,432 | |
| Suppliers | 440/4 | €0 | €34,432 | +€34,432 | |
| Taxes, remuneration and social security | 45 | €5,391 | €5,246 | -€146 | -2.7% |
| Taxes | 450/3 | €5,391 | €5,246 | -€146 | -2.7% |
| Accrued charges and deferred income | 492/3 | €1,005 | €895 | -€110 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,899 | €217,899 | = | 0.0% |
| Other operating charges | 640/8 | €1,045 | €1,053 | +€8 | +0.7% |
| Gross operating margin | 9900 | -€45,958 | €26,652 | +€72,610 | |
| Operating profit (loss) | 9901 | -€264,902 | -€192,300 | +€72,602 | +27.4% |
| Financial income | 75/76B | €8,867 | - | -€8,867 | |
| Recurring financial income | 75 | €8,867 | - | -€8,867 | |
| Non-recurring financial income | 76B | €8,867 | - | -€8,867 | |
| Financial charges | 65/66B | €85,991 | €99,325 | +€13,334 | +15.5% |
| Recurring financial charges | 65 | €85,991 | €99,325 | +€13,334 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | -€342,026 | -€291,625 | +€50,401 | +14.7% |
| Profit (loss) for the period | 9904 | -€342,026 | -€291,625 | +€50,401 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€342,026 | -€291,625 | +€50,401 | +14.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.