PILATUS FOUR: 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.
PILATUS FOUR
Largest movements
- Tangible fixed assets -€204,608
down €204,608 (-7.3%), from €2.8m to €2.6m
- Receivables within one year -€56,370
down €56,370 (-14.0%), from €403,115 to €346,745
of which Trade receivables: -€56,419
- Profit (loss) carried forward -€261,692
down €261,692 (-30.3%), from -€865,032 to -€1.1m
- Debts after one year -€76,089
down €76,089 (-4.4%), from €1.7m to €1.6m
- Trade debts +€74,892
up €74,892, from €0 to €74,892
- Gross operating margin +€35,722
up €35,722, from -€7,238 to €28,484
- Financial charges +€9,647
up €9,647 (+12.9%), from €74,705 to €84,352
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 | €3,200,316 | €2,938,916 | -€261,400 | -8.2% |
| Fixed assets | 21/28 | €2,796,308 | €2,591,700 | -€204,608 | -7.3% |
| Tangible fixed assets | 22/27 | €2,796,308 | €2,591,700 | -€204,608 | -7.3% |
| Plant, machinery and equipment | 23 | €2,796,308 | €2,591,700 | -€204,608 | -7.3% |
| Current assets | 29/58 | €404,008 | €347,217 | -€56,792 | -14.1% |
| Amounts receivable within one year | 40/41 | €403,115 | €346,745 | -€56,370 | -14.0% |
| Trade receivables | 40 | €403,100 | €346,681 | -€56,419 | -14.0% |
| Other amounts receivable | 41 | €15 | €64 | +€49 | +325% |
| Cash at bank and in hand | 54/58 | €894 | €472 | -€422 | -47.2% |
| Total equity and liabilities | 10/49 | €3,200,316 | €2,938,916 | -€261,400 | -8.2% |
| Equity | 10/15 | €384,968 | €123,277 | -€261,692 | -68.0% |
| 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 | -€865,032 | -€1,126,723 | -€261,692 | -30.3% |
| Amounts payable | 17/49 | €2,815,348 | €2,815,640 | +€292 | 0.0% |
| Amounts payable after more than one year | 17 | €1,718,516 | €1,642,428 | -€76,089 | -4.4% |
| Financial debts | 170/4 | €1,718,516 | €1,642,428 | -€76,089 | -4.4% |
| Amounts payable within one year | 42/48 | €1,096,033 | €1,172,534 | +€76,501 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €90,443 | €92,020 | +€1,577 | +1.7% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €0 | €74,892 | +€74,892 | |
| Suppliers | 440/4 | €0 | €74,892 | +€74,892 | |
| Taxes, remuneration and social security | 45 | €5,591 | €5,622 | +€32 | +0.6% |
| Taxes | 450/3 | €5,591 | €5,622 | +€32 | +0.6% |
| Accrued charges and deferred income | 492/3 | €798 | €678 | -€120 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,608 | €204,608 | = | 0.0% |
| Other operating charges | 640/8 | €1,045 | €1,216 | +€171 | +16.3% |
| Gross operating margin | 9900 | -€7,238 | €28,484 | +€35,722 | |
| Operating profit (loss) | 9901 | -€212,891 | -€177,340 | +€35,552 | +16.7% |
| Financial charges | 65/66B | €74,705 | €84,352 | +€9,647 | +12.9% |
| Recurring financial charges | 65 | €74,705 | €84,352 | +€9,647 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€287,596 | -€261,692 | +€25,905 | +9.0% |
| Profit (loss) for the period | 9904 | -€287,596 | -€261,692 | +€25,905 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€287,596 | -€261,692 | +€25,905 | +9.0% |
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 25 October 2026 via checked.be.