PILATUS TWENTY TWO: 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 TWENTY TWO
Largest movements
- Tangible fixed assets -€366,681
down €366,681 (-4.6%), from €8.0m to €7.6m
- Profit (loss) carried forward -€489,950
down €489,950 (-31.1%), from -€1.6m to -€2.1m
- Trade debts +€335,862
up €335,862 (+41.5%), from €809,381 to €1.1m
- Debts after one year -€190,078
down €190,078 (-4.6%), from €4.1m to €4.0m
- Gross operating margin -€45,056
down €45,056 (-38.6%), from €116,691 to €71,634
- Financial charges +€26,887
up €26,887 (+16.1%), from €166,879 to €193,766
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 | €8,603,362 | €8,262,508 | -€340,854 | -4.0% |
| Fixed assets | 21/28 | €7,967,526 | €7,600,845 | -€366,681 | -4.6% |
| Tangible fixed assets | 22/27 | €7,967,526 | €7,600,845 | -€366,681 | -4.6% |
| Plant, machinery and equipment | 23 | €7,967,526 | €7,600,845 | -€366,681 | -4.6% |
| Current assets | 29/58 | €635,836 | €661,663 | +€25,827 | +4.1% |
| Amounts receivable within one year | 40/41 | €635,778 | €659,077 | +€23,299 | +3.7% |
| Trade receivables | 40 | €0 | €23,282 | +€23,282 | |
| Other amounts receivable | 41 | €635,778 | €635,795 | +€17 | 0.0% |
| Cash at bank and in hand | 54/58 | €58 | €2,586 | +€2,528 | +4,337% |
| Total equity and liabilities | 10/49 | €8,603,362 | €8,262,508 | -€340,854 | -4.0% |
| Equity | 10/15 | €1,426,531 | €936,581 | -€489,950 | -34.3% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,573,469 | -€2,063,419 | -€489,950 | -31.1% |
| Amounts payable | 17/49 | €7,176,831 | €7,325,927 | +€149,096 | +2.1% |
| Amounts payable after more than one year | 17 | €4,140,110 | €3,950,032 | -€190,078 | -4.6% |
| Financial debts | 170/4 | €4,140,110 | €3,950,032 | -€190,078 | -4.6% |
| Amounts payable within one year | 42/48 | €3,033,507 | €3,373,093 | +€339,586 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €215,189 | €219,489 | +€4,300 | +2.0% |
| Financial debts | 43 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000,000 | €2,000,000 | = | 0.0% |
| Trade debts | 44 | €809,381 | €1,145,243 | +€335,862 | +41.5% |
| Suppliers | 440/4 | €809,381 | €1,145,243 | +€335,862 | +41.5% |
| Taxes, remuneration and social security | 45 | €8,938 | €8,362 | -€575 | -6.4% |
| Taxes | 450/3 | €8,938 | €8,362 | -€575 | -6.4% |
| Accrued charges and deferred income | 492/3 | €3,215 | €2,802 | -€412 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366,681 | €366,681 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €1,137 | +€177 | +18.4% |
| Gross operating margin | 9900 | €116,691 | €71,634 | -€45,056 | -38.6% |
| Operating profit (loss) | 9901 | -€250,951 | -€296,184 | -€45,233 | -18.0% |
| Financial charges | 65/66B | €166,879 | €193,766 | +€26,887 | +16.1% |
| Recurring financial charges | 65 | €166,879 | €193,766 | +€26,887 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€417,830 | -€489,950 | -€72,120 | -17.3% |
| Profit (loss) for the period | 9904 | -€417,830 | -€489,950 | -€72,120 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€417,830 | -€489,950 | -€72,120 | -17.3% |
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 26 October 2026 via checked.be.