PARTICIPACE: what changed
Two fiscal 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.
PARTICIPACE
Largest movements
- Tangible fixed assets -€14,345
down €14,345 (-3.7%), from €387,346 to €373,001
- Debts after one year -€9,254
down €9,254 (-16.0%), from €57,807 to €48,553
- Trade debts -€5,579
down €5,579 (-97.0%), from €5,753 to €175
- Depreciation -€27,358
down €27,358 (-65.6%), from €41,702 to €14,345
- Gross operating margin +€14,401
up €14,401 (+263.3%), from €5,469 to €19,870
- Financial charges -€2,241
down €2,241 (-96.1%), from €2,331 to €90
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €402,148 | €390,172 | -€11,976 | -3.0% |
| Fixed assets | 21/28 | €388,632 | €374,287 | -€14,345 | -3.7% |
| Tangible fixed assets | 22/27 | €387,346 | €373,001 | -€14,345 | -3.7% |
| Land and buildings | 22 | €387,346 | €373,001 | -€14,345 | -3.7% |
| Financial fixed assets | 28 | €1,286 | €1,286 | = | 0.0% |
| Current assets | 29/58 | €13,516 | €15,885 | +€2,369 | +17.5% |
| Amounts receivable within one year | 40/41 | €2,068 | €2,068 | = | 0.0% |
| Other amounts receivable | 41 | €2,068 | €2,068 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,449 | €13,817 | +€2,369 | +20.7% |
| Total equity and liabilities | 10/49 | €402,148 | €390,172 | -€11,976 | -3.0% |
| Equity | 10/15 | €302,201 | €305,057 | +€2,857 | +0.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | - | €125,000 | +€125,000 | |
| Issued capital | 100 | - | €125,000 | +€125,000 | |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | - | €12,500 | +€12,500 | |
| Other | 1319 | €12,500 | - | -€12,500 | |
| Profit (loss) carried forward | 14 | €164,701 | €167,557 | +€2,857 | +1.7% |
| Amounts payable | 17/49 | €99,948 | €85,115 | -€14,833 | -14.8% |
| Amounts payable after more than one year | 17 | €57,807 | €48,553 | -€9,254 | -16.0% |
| Financial debts | 170/4 | €57,807 | €48,553 | -€9,254 | -16.0% |
| Amounts payable within one year | 42/48 | €42,141 | €36,562 | -€5,579 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €8,029 | €8,801 | +€771 | +9.6% |
| Trade debts | 44 | €5,753 | €175 | -€5,579 | -97.0% |
| Suppliers | 440/4 | €5,753 | €175 | -€5,579 | -97.0% |
| Other amounts payable | 47/48 | €28,358 | €27,587 | -€771 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,702 | €14,345 | -€27,358 | -65.6% |
| Other operating charges | 640/8 | €2,750 | €2,594 | -€156 | -5.7% |
| Gross operating margin | 9900 | €5,469 | €19,870 | +€14,401 | +263.3% |
| Operating profit (loss) | 9901 | -€38,984 | €2,931 | +€41,914 | |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €2,331 | €90 | -€2,241 | -96.1% |
| Recurring financial charges | 65 | €2,331 | €90 | -€2,241 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,314 | €2,864 | +€44,178 | |
| Income taxes | 67/77 | - | €7 | +€7 | |
| Profit (loss) for the period | 9904 | -€41,314 | €2,857 | +€44,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,314 | €2,857 | +€44,171 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.