PARTICLE GROUP: 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.
PARTICLE GROUP
Largest movements
- Cash -€11,716
down €11,716 (-16.7%), from €70,015 to €58,299
mainly Contributions, distributions and other (-€14,285) and Receivables within one year (-€6,404)
- Receivables within one year +€6,404
up €6,404 (+34.6%), from €18,512 to €24,916
of which Other amounts receivable: +€5,577
- Reserves -€7,507
down €7,507 (-10.9%), from €69,102 to €61,595
of which Distributable reserves: -€7,507
- Other debts +€2,576
new in 2025: €2,576
- Accrued charges and deferred income -€1,928
no longer reported in 2025 (was €1,928)
- Short-term financial debts +€1,369
new in 2025: €1,369
- Gross operating margin -€15,264
down €15,264 (-26.5%), from €57,604 to €42,340
- Depreciation -€3,189
down €3,189 (-85.4%), from €3,734 to €545
- Taxes +€1,219
up €1,219 (+26.5%), from €4,592 to €5,811
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 | €89,921 | €83,620 | -€6,301 | -7.0% |
| Fixed assets | 21/28 | €950 | €405 | -€545 | -57.4% |
| Tangible fixed assets | 22/27 | €545 | - | -€545 | |
| Furniture and vehicles | 24 | €545 | - | -€545 | |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €88,971 | €83,215 | -€5,756 | -6.5% |
| Amounts receivable within one year | 40/41 | €18,512 | €24,916 | +€6,404 | +34.6% |
| Trade receivables | 40 | €16,198 | €17,025 | +€827 | +5.1% |
| Other amounts receivable | 41 | €2,314 | €7,891 | +€5,577 | +241% |
| Cash at bank and in hand | 54/58 | €70,015 | €58,299 | -€11,716 | -16.7% |
| Deferred charges and accrued income | 490/1 | €444 | - | -€444 | |
| Total equity and liabilities | 10/49 | €89,921 | €83,620 | -€6,301 | -7.0% |
| Equity | 10/15 | €75,302 | €67,795 | -€7,507 | -10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,102 | €61,595 | -€7,507 | -10.9% |
| 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 | €67,242 | €59,735 | -€7,507 | -11.2% |
| Amounts payable | 17/49 | €14,619 | €15,825 | +€1,206 | +8.2% |
| Amounts payable within one year | 42/48 | €12,691 | €15,825 | +€3,134 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €1,669 | €1,699 | +€30 | +1.8% |
| Financial debts | 43 | - | €1,369 | +€1,369 | |
| Credit institutions | 430/8 | - | €1,369 | +€1,369 | |
| Trade debts | 44 | €738 | - | -€738 | |
| Suppliers | 440/4 | €738 | - | -€738 | |
| Taxes, remuneration and social security | 45 | €10,284 | €10,181 | -€103 | -1.0% |
| Taxes | 450/3 | €6,744 | €5,765 | -€979 | -14.5% |
| Remuneration and social security | 454/9 | €3,540 | €4,416 | +€876 | +24.7% |
| Other amounts payable | 47/48 | - | €2,576 | +€2,576 | |
| Accrued charges and deferred income | 492/3 | €1,928 | - | -€1,928 | |
| Remuneration, social security and pensions | 62 | €25,766 | €26,233 | +€467 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,734 | €545 | -€3,189 | -85.4% |
| Other operating charges | 640/8 | €434 | €387 | -€47 | -10.8% |
| Gross operating margin | 9900 | €57,604 | €42,340 | -€15,264 | -26.5% |
| Operating profit (loss) | 9901 | €27,670 | €15,175 | -€12,495 | -45.2% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €3,104 | €2,597 | -€507 | -16.3% |
| Recurring financial charges | 65 | €3,104 | €2,597 | -€507 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €24,566 | €12,589 | -€11,977 | -48.8% |
| Income taxes | 67/77 | €4,592 | €5,811 | +€1,219 | +26.5% |
| Profit (loss) for the period | 9904 | €19,974 | €6,778 | -€13,196 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,974 | €6,778 | -€13,196 | -66.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.