Participassion: 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.
Participassion
Largest movements
- Cash +€18,441
up €18,441 (+230%), from €8,026 to €26,467
mainly Net result for the year (+€42,977) and Depreciation (+€12,452)
- Tangible fixed assets +€14,267
up €14,267 (+19.5%), from €73,304 to €87,571
of which Furniture and vehicles: +€24,372
- Deferred charges and accrued income +€1,180
up €1,180 (+1,378%), from €86 to €1,266
- Profit (loss) carried forward +€42,977
up €42,977 (+63.1%), from -€68,081 to -€25,105
- Debts after one year -€14,897
down €14,897 (-14.2%), from €105,170 to €90,273
- Current portion of long-term debt +€6,540
up €6,540 (+103%), from €6,370 to €12,910
- Gross operating margin +€52,251
up €52,251 (+595%), from €8,775 to €61,026
- Financial charges -€2,974
down €2,974 (-47.2%), from €6,304 to €3,330
- Depreciation -€1,017
down €1,017 (-7.6%), from €13,469 to €12,452
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,635 | €116,560 | +€34,924 | +42.8% |
| Fixed assets | 21/28 | €73,304 | €87,571 | +€14,267 | +19.5% |
| Tangible fixed assets | 22/27 | €73,304 | €87,571 | +€14,267 | +19.5% |
| Land and buildings | 22 | €73,064 | €62,960 | -€10,105 | -13.8% |
| Furniture and vehicles | 24 | €240 | €24,612 | +€24,372 | +10,169% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €8,331 | €28,988 | +€20,657 | +248% |
| Amounts receivable within one year | 40/41 | €220 | €1,256 | +€1,036 | +472% |
| Other amounts receivable | 41 | €220 | €1,256 | +€1,036 | +472% |
| Cash at bank and in hand | 54/58 | €8,026 | €26,467 | +€18,441 | +230% |
| Deferred charges and accrued income | 490/1 | €86 | €1,266 | +€1,180 | +1,378% |
| Total equity and liabilities | 10/49 | €81,635 | €116,560 | +€34,924 | +42.8% |
| Equity | 10/15 | -€32,342 | €10,634 | +€42,977 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,139 | €17,139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,279 | €15,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,081 | -€25,105 | +€42,977 | +63.1% |
| Amounts payable | 17/49 | €113,978 | €105,925 | -€8,052 | -7.1% |
| Amounts payable after more than one year | 17 | €105,170 | €90,273 | -€14,897 | -14.2% |
| Financial debts | 170/4 | €105,170 | €90,273 | -€14,897 | -14.2% |
| Amounts payable within one year | 42/48 | €7,273 | €14,035 | +€6,762 | +93.0% |
| Current portion of amounts payable after more than one year | 42 | €6,370 | €12,910 | +€6,540 | +103% |
| Trade debts | 44 | €321 | €586 | +€265 | +82.7% |
| Suppliers | 440/4 | €321 | €586 | +€265 | +82.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €540 | €540 | = | 0.0% |
| Taxes | 450/3 | €540 | €540 | = | 0.0% |
| Other amounts payable | 47/48 | €43 | €0 | -€43 | -100% |
| Accrued charges and deferred income | 492/3 | €1,535 | €1,617 | +€82 | +5.4% |
| Non-recurring operating income | 76A | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,469 | €12,452 | -€1,017 | -7.6% |
| Other operating charges | 640/8 | €2,245 | €2,656 | +€411 | +18.3% |
| Non-recurring operating charges | 66A | €151 | €0 | -€151 | -100% |
| Gross operating margin | 9900 | €8,775 | €61,026 | +€52,251 | +595% |
| Operating profit (loss) | 9901 | -€7,089 | €45,919 | +€53,008 | |
| Financial income | 75/76B | €105 | €545 | +€440 | +420% |
| Recurring financial income | 75 | €105 | €545 | +€440 | +420% |
| Financial charges | 65/66B | €6,304 | €3,330 | -€2,974 | -47.2% |
| Recurring financial charges | 65 | €6,304 | €3,330 | -€2,974 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,288 | €43,134 | +€56,422 | |
| Income taxes | 67/77 | €130 | €157 | +€28 | +21.3% |
| Profit (loss) for the period | 9904 | -€13,418 | €42,977 | +€56,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,418 | €42,977 | +€56,395 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.