Pilatus Three: 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 Three
Largest movements
- Tangible fixed assets -€214,258
down €214,258 (-8.1%), from €2.7m to €2.4m
- Receivables within one year -€176,383
down €176,383 (-47.8%), from €369,178 to €192,795
of which Trade receivables: -€176,400
- Profit (loss) carried forward -€260,404
down €260,404 (-29.6%), from -€879,852 to -€1.1m
- Debts after one year -€217,984
down €217,984 (-14.1%), from €1.5m to €1.3m
- Trade debts +€86,090
up €86,090, from €0 to €86,090
- Gross operating margin +€66,761
up €66,761, from -€33,059 to €33,702
- Financial charges +€13,854
up €13,854 (+21.3%), from €64,941 to €78,795
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 | €3,029,736 | €2,639,148 | -€390,588 | -12.9% |
| Fixed assets | 21/28 | €2,660,375 | €2,446,116 | -€214,258 | -8.1% |
| Tangible fixed assets | 22/27 | €2,660,375 | €2,446,116 | -€214,258 | -8.1% |
| Plant, machinery and equipment | 23 | €2,660,375 | €2,446,116 | -€214,258 | -8.1% |
| Current assets | 29/58 | €369,361 | €193,032 | -€176,330 | -47.7% |
| Amounts receivable within one year | 40/41 | €369,178 | €192,795 | -€176,383 | -47.8% |
| Trade receivables | 40 | €369,163 | €192,763 | -€176,400 | -47.8% |
| Other amounts receivable | 41 | €15 | €32 | +€17 | +112.4% |
| Cash at bank and in hand | 54/58 | €184 | €237 | +€53 | +28.8% |
| Total equity and liabilities | 10/49 | €3,029,736 | €2,639,148 | -€390,588 | -12.9% |
| Equity | 10/15 | €370,148 | €109,743 | -€260,404 | -70.4% |
| 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 | -€879,852 | -€1,140,257 | -€260,404 | -29.6% |
| Amounts payable | 17/49 | €2,659,588 | €2,529,405 | -€130,184 | -4.9% |
| Amounts payable after more than one year | 17 | €1,541,295 | €1,323,311 | -€217,984 | -14.1% |
| Financial debts | 170/4 | €1,541,295 | €1,323,311 | -€217,984 | -14.1% |
| Amounts payable within one year | 42/48 | €1,117,865 | €1,205,802 | +€87,937 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €112,506 | €114,296 | +€1,791 | +1.6% |
| 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 | €86,090 | +€86,090 | |
| Suppliers | 440/4 | €0 | €86,090 | +€86,090 | |
| Taxes, remuneration and social security | 45 | €5,359 | €5,415 | +€56 | +1.0% |
| Taxes | 450/3 | €5,359 | €5,415 | +€56 | +1.0% |
| Accrued charges and deferred income | 492/3 | €428 | €292 | -€137 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,258 | €214,258 | = | 0.0% |
| Other operating charges | 640/8 | €1,045 | €1,053 | +€8 | +0.7% |
| Gross operating margin | 9900 | -€33,059 | €33,702 | +€66,761 | |
| Operating profit (loss) | 9901 | -€248,363 | -€181,609 | +€66,754 | +26.9% |
| Financial charges | 65/66B | €64,941 | €78,795 | +€13,854 | +21.3% |
| Recurring financial charges | 65 | €64,941 | €78,795 | +€13,854 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€313,304 | -€260,404 | +€52,900 | +16.9% |
| Profit (loss) for the period | 9904 | -€313,304 | -€260,404 | +€52,900 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€313,304 | -€260,404 | +€52,900 | +16.9% |
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 9 October 2026 via checked.be.