Pilatus Twenty One: what changed
What changed
Pilatus Twenty One
NACE 77.350, Rental and leasing activities
filed annual accounts (NBB)
Net result for the year
-€582,578
2023 · -€436,789-€145,789
Equity
-€213,007
2023 · €369,571-€582,578
Cash
-
2023 · €0
Balance sheet total
€7.2m
2023 · €7.5m-€374,211
Largest movements
Assets
- Tangible fixed assets -€366,085
down €366,085 (-4.9%), from €7.5m to €7.1m
Equity and liabilities
- Profit (loss) carried forward -€582,578
down €582,578 (-27.3%), from -€2.1m to -€2.7m
- Trade debts +€380,017
up €380,017 (+51.2%), from €741,506 to €1.1m
- Debts after one year -€178,231
down €178,231 (-4.3%), from €4.2m to €4.0m
Income statement
- Gross operating margin -€133,006
down €133,006, from €112,259 to -€20,747
- Financial charges +€12,606
up €12,606 (+7.3%), from €173,860 to €186,466
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€436,789
Gross operating margin
-€133,006
Other operating charges
-€177
Financial charges
-€12,606
Result 2024
-€582,578
lowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€172,675
Investment
€0
Financing
-€172,675
Cash 2023
€0
From operations (derived)
+€172,675
Net result for the year
-€582,578
Depreciation
+€374,227
Smaller working-capital items
+€1,009
Trade debts
+€380,017
Financing
-€172,675
Debts after one year
-€178,231
Current portion of long-term debt
+€4,142
Short-term financial debts
+€1,413
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,549,543 | €7,175,333 | -€374,211 | -5.0% |
| Fixed assets | 21/28 | €7,549,528 | €7,175,301 | -€374,227 | -5.0% |
| Intangible fixed assets | 21 | €44,783 | €36,640 | -€8,142 | -18.2% |
| Tangible fixed assets | 22/27 | €7,504,746 | €7,138,660 | -€366,085 | -4.9% |
| Plant, machinery and equipment | 23 | €7,504,746 | €7,138,660 | -€366,085 | -4.9% |
| Current assets | 29/58 | €15 | €32 | +€17 | +112% |
| Amounts receivable within one year | 40/41 | €15 | €32 | +€17 | +112% |
| Other amounts receivable | 41 | €15 | €32 | +€17 | +112% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,549,543 | €7,175,333 | -€374,211 | -5.0% |
| Equity | 10/15 | €369,571 | -€213,007 | -€582,578 | |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,130,429 | -€2,713,007 | -€582,578 | -27.3% |
| Amounts payable | 17/49 | €7,179,972 | €7,388,340 | +€208,367 | +2.9% |
| Amounts payable after more than one year | 17 | €4,152,801 | €3,974,571 | -€178,231 | -4.3% |
| Financial debts | 170/4 | €4,152,801 | €3,974,571 | -€178,231 | -4.3% |
| Amounts payable within one year | 42/48 | €3,024,411 | €3,411,325 | +€386,914 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €218,450 | €222,592 | +€4,142 | +1.9% |
| Financial debts | 43 | €2,054,053 | €2,055,467 | +€1,413 | +0.1% |
| Credit institutions | 430/8 | €2,054,053 | €2,055,467 | +€1,413 | +0.1% |
| Trade debts | 44 | €741,506 | €1,121,523 | +€380,017 | +51.2% |
| Suppliers | 440/4 | €741,506 | €1,121,523 | +€380,017 | +51.2% |
| Taxes, remuneration and social security | 45 | €10,401 | €11,743 | +€1,341 | +12.9% |
| Taxes | 450/3 | €10,401 | €11,743 | +€1,341 | +12.9% |
| Accrued charges and deferred income | 492/3 | €2,760 | €2,444 | -€316 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374,227 | €374,227 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €1,137 | +€177 | +18.4% |
| Gross operating margin | 9900 | €112,259 | -€20,747 | -€133,006 | |
| Operating profit (loss) | 9901 | -€262,929 | -€396,112 | -€133,183 | -50.7% |
| Financial charges | 65/66B | €173,860 | €186,466 | +€12,606 | +7.3% |
| Recurring financial charges | 65 | €173,860 | €186,466 | +€12,606 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€436,789 | -€582,578 | -€145,789 | -33.4% |
| Profit (loss) for the period | 9904 | -€436,789 | -€582,578 | -€145,789 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€436,789 | -€582,578 | -€145,789 | -33.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.