PILATUS 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 TWO
Largest movements
- Tangible fixed assets -€217,612
down €217,612 (-8.5%), from €2.6m to €2.4m
- Receivables within one year -€76,335
down €76,335 (-16.7%), from €458,016 to €381,681
of which Trade receivables: -€76,352
- Profit (loss) carried forward -€264,045
down €264,045 (-29.2%), from -€904,541 to -€1.2m
- Debts after one year -€104,765
down €104,765 (-6.7%), from €1.6m to €1.5m
- Trade debts +€69,856
up €69,856, from €0 to €69,856
- Gross operating margin +€59,518
up €59,518, from -€23,982 to €35,536
- Financial charges +€8,748
up €8,748 (+12.1%), from €72,169 to €80,917
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 | €3,036,162 | €2,739,150 | -€297,012 | -9.8% |
| Fixed assets | 21/28 | €2,575,078 | €2,357,466 | -€217,612 | -8.5% |
| Tangible fixed assets | 22/27 | €2,575,078 | €2,357,466 | -€217,612 | -8.5% |
| Plant, machinery and equipment | 23 | €2,575,078 | €2,357,466 | -€217,612 | -8.5% |
| Current assets | 29/58 | €461,084 | €381,684 | -€79,400 | -17.2% |
| Amounts receivable within one year | 40/41 | €458,016 | €381,681 | -€76,335 | -16.7% |
| Trade receivables | 40 | €458,001 | €381,650 | -€76,352 | -16.7% |
| Other amounts receivable | 41 | €14 | €31 | +€17 | +117.3% |
| Cash at bank and in hand | 54/58 | €3,069 | €3 | -€3,065 | -99.9% |
| Total equity and liabilities | 10/49 | €3,036,162 | €2,739,150 | -€297,012 | -9.8% |
| Equity | 10/15 | €345,459 | €81,413 | -€264,045 | -76.4% |
| 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 | -€904,541 | -€1,168,587 | -€264,045 | -29.2% |
| Amounts payable | 17/49 | €2,690,703 | €2,657,737 | -€32,967 | -1.2% |
| Amounts payable after more than one year | 17 | €1,569,437 | €1,464,672 | -€104,765 | -6.7% |
| Financial debts | 170/4 | €1,569,437 | €1,464,672 | -€104,765 | -6.7% |
| Amounts payable within one year | 42/48 | €1,120,830 | €1,192,800 | +€71,970 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €114,768 | €117,026 | +€2,258 | +2.0% |
| 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 | €69,856 | +€69,856 | |
| Suppliers | 440/4 | €0 | €69,856 | +€69,856 | |
| Taxes, remuneration and social security | 45 | €6,062 | €5,918 | -€144 | -2.4% |
| Taxes | 450/3 | €6,062 | €5,918 | -€144 | -2.4% |
| Accrued charges and deferred income | 492/3 | €436 | €264 | -€172 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,612 | €217,612 | = | 0.0% |
| Other operating charges | 640/8 | €1,045 | €1,053 | +€8 | +0.7% |
| Gross operating margin | 9900 | -€23,982 | €35,536 | +€59,518 | |
| Operating profit (loss) | 9901 | -€242,640 | -€183,129 | +€59,511 | +24.5% |
| Financial charges | 65/66B | €72,169 | €80,917 | +€8,748 | +12.1% |
| Recurring financial charges | 65 | €72,169 | €80,917 | +€8,748 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€314,808 | -€264,045 | +€50,763 | +16.1% |
| Profit (loss) for the period | 9904 | -€314,808 | -€264,045 | +€50,763 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€314,808 | -€264,045 | +€50,763 | +16.1% |
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 10 October 2026 via checked.be.