PILATUS ONE: 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 ONE
Largest movements
- Tangible fixed assets -€166,415
down €166,415 (-9.5%), from €1.7m to €1.6m
- Receivables within one year +€94,498
up €94,498 (+18.3%), from €515,350 to €609,848
of which Trade receivables: +€94,491
- Profit (loss) carried forward -€153,597
down €153,597 (-33.8%), from -€453,953 to -€607,550
- Trade debts +€67,936
up €67,936, from €0 to €67,936
- Other debts +€63,125
up €63,125 (+168%), from €37,682 to €100,807
- Debts after one year -€52,176
down €52,176 (-9.4%), from €555,103 to €502,927
- Gross operating margin +€33,344
up €33,344 (+2,706%), from €1,232 to €34,576
- Financial charges -€10,839
down €10,839 (-34.4%), from €31,481 to €20,642
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 | €2,266,058 | €2,191,103 | -€74,955 | -3.3% |
| Fixed assets | 21/28 | €1,747,355 | €1,580,940 | -€166,415 | -9.5% |
| Tangible fixed assets | 22/27 | €1,747,355 | €1,580,940 | -€166,415 | -9.5% |
| Plant, machinery and equipment | 23 | €1,747,355 | €1,580,940 | -€166,415 | -9.5% |
| Current assets | 29/58 | €518,703 | €610,163 | +€91,460 | +17.6% |
| Amounts receivable within one year | 40/41 | €515,350 | €609,848 | +€94,498 | +18.3% |
| Trade receivables | 40 | €513,581 | €608,072 | +€94,491 | +18.4% |
| Other amounts receivable | 41 | €1,770 | €1,777 | +€7 | +0.4% |
| Cash at bank and in hand | 54/58 | €3,353 | €314 | -€3,038 | -90.6% |
| Total equity and liabilities | 10/49 | €2,266,058 | €2,191,103 | -€74,955 | -3.3% |
| Equity | 10/15 | €796,047 | €642,450 | -€153,597 | -19.3% |
| 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 | -€453,953 | -€607,550 | -€153,597 | -33.8% |
| Amounts payable | 17/49 | €1,470,011 | €1,548,653 | +€78,642 | +5.3% |
| Amounts payable after more than one year | 17 | €555,103 | €502,927 | -€52,176 | -9.4% |
| Financial debts | 170/4 | €555,103 | €502,927 | -€52,176 | -9.4% |
| Amounts payable within one year | 42/48 | €914,908 | €1,045,726 | +€130,818 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €875,000 | €875,000 | = | 0.0% |
| Other loans | 439 | €875,000 | €875,000 | = | 0.0% |
| Trade debts | 44 | €0 | €67,936 | +€67,936 | |
| Suppliers | 440/4 | €0 | €67,936 | +€67,936 | |
| Taxes, remuneration and social security | 45 | €2,226 | €1,983 | -€243 | -10.9% |
| Taxes | 450/3 | €2,226 | €1,983 | -€243 | -10.9% |
| Other amounts payable | 47/48 | €37,682 | €100,807 | +€63,125 | +168% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,415 | €166,415 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €1,116 | +€156 | +16.2% |
| Gross operating margin | 9900 | €1,232 | €34,576 | +€33,344 | +2,706% |
| Operating profit (loss) | 9901 | -€166,143 | -€132,955 | +€33,188 | +20.0% |
| Financial charges | 65/66B | €31,481 | €20,642 | -€10,839 | -34.4% |
| Recurring financial charges | 65 | €31,481 | €20,642 | -€10,839 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€197,624 | -€153,597 | +€44,026 | +22.3% |
| Profit (loss) for the period | 9904 | -€197,624 | -€153,597 | +€44,026 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€197,624 | -€153,597 | +€44,026 | +22.3% |
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 16 October 2026 via checked.be.