Particle Technics: 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 Technics
Largest movements
- Receivables within one year +€150,509
up €150,509 (+51.8%), from €290,280 to €440,789
of which Trade receivables: +€153,609
- Cash +€58,008
up €58,008 (+29.8%), from €194,828 to €252,836
mainly Accrued charges and deferred income (+€111,212) and Net result for the year (+€96,227)
- Tangible fixed assets -€35,274
down €35,274 (-8.2%), from €428,327 to €393,053
of which Land and buildings: -€20,566
- Accrued charges and deferred income +€111,212
up €111,212 (+502%), from €22,169 to €133,381
- Reserves +€96,000
up €96,000 (+20.8%), from €462,500 to €558,500
of which Distributable reserves: +€96,000
- Debts after one year -€44,700
down €44,700 (-18.0%), from €248,850 to €204,150
- Trade debts +€20,272
up €20,272 (+9.5%), from €213,134 to €233,405
- Gross operating margin +€93,233
up €93,233 (+48.3%), from €193,175 to €286,408
- Staff costs +€30,346
up €30,346 (+56.7%), from €53,511 to €83,857
- Taxes +€16,859
up €16,859 (+82.8%), from €20,364 to €37,223
- Depreciation +€4,082
up €4,082 (+6.7%), from €60,906 to €64,988
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 | €1,038,847 | €1,220,585 | +€181,738 | +17.5% |
| Fixed assets | 21/28 | €437,151 | €396,876 | -€40,274 | -9.2% |
| Intangible fixed assets | 21 | €8,731 | €3,731 | -€5,000 | -57.3% |
| Tangible fixed assets | 22/27 | €428,327 | €393,053 | -€35,274 | -8.2% |
| Land and buildings | 22 | €316,236 | €295,670 | -€20,566 | -6.5% |
| Plant, machinery and equipment | 23 | €36,972 | €37,670 | +€697 | +1.9% |
| Furniture and vehicles | 24 | €75,119 | €59,714 | -€15,405 | -20.5% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €601,697 | €823,709 | +€222,012 | +36.9% |
| Stocks and contracts in progress | 3 | €35,647 | €47,379 | +€11,732 | +32.9% |
| Stocks | 30/36 | €35,647 | €47,379 | +€11,732 | +32.9% |
| Amounts receivable within one year | 40/41 | €290,280 | €440,789 | +€150,509 | +51.8% |
| Trade receivables | 40 | €266,005 | €419,614 | +€153,609 | +57.7% |
| Other amounts receivable | 41 | €24,276 | €21,175 | -€3,100 | -12.8% |
| Current investments | 50/53 | €78,048 | €78,048 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €194,828 | €252,836 | +€58,008 | +29.8% |
| Deferred charges and accrued income | 490/1 | €2,894 | €4,656 | +€1,763 | +60.9% |
| Total equity and liabilities | 10/49 | €1,038,847 | €1,220,585 | +€181,738 | +17.5% |
| Equity | 10/15 | €481,219 | €577,445 | +€96,227 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €462,500 | €558,500 | +€96,000 | +20.8% |
| Tax-exempt reserves | 132 | €13,500 | €13,500 | = | 0.0% |
| Distributable reserves | 133 | €449,000 | €545,000 | +€96,000 | +21.4% |
| Profit (loss) carried forward | 14 | €119 | €345 | +€227 | +191% |
| Amounts payable | 17/49 | €557,628 | €643,140 | +€85,512 | +15.3% |
| Amounts payable after more than one year | 17 | €248,850 | €204,150 | -€44,700 | -18.0% |
| Financial debts | 170/4 | €248,850 | €204,150 | -€44,700 | -18.0% |
| Amounts payable within one year | 42/48 | €286,610 | €305,609 | +€19,000 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €51,738 | €44,700 | -€7,038 | -13.6% |
| Financial debts | 43 | €805 | €805 | = | 0.0% |
| Credit institutions | 430/8 | €805 | €805 | = | 0.0% |
| Trade debts | 44 | €213,134 | €233,405 | +€20,272 | +9.5% |
| Suppliers | 440/4 | €213,134 | €233,405 | +€20,272 | +9.5% |
| Advances received on contracts in progress | 46 | €11,845 | €11,845 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €9,088 | €7,533 | -€1,554 | -17.1% |
| Taxes | 450/3 | €2,652 | €1,008 | -€1,645 | -62.0% |
| Remuneration and social security | 454/9 | €6,435 | €6,526 | +€90 | +1.4% |
| Other amounts payable | 47/48 | €0 | €7,321 | +€7,321 | |
| Accrued charges and deferred income | 492/3 | €22,169 | €133,381 | +€111,212 | +502% |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100% |
| Remuneration, social security and pensions | 62 | €53,511 | €83,857 | +€30,346 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,906 | €64,988 | +€4,082 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €951 | +€951 | |
| Other operating charges | 640/8 | €4,838 | €3,921 | -€917 | -18.9% |
| Non-recurring operating charges | 66A | €6,671 | €0 | -€6,671 | -100% |
| Gross operating margin | 9900 | €193,175 | €286,408 | +€93,233 | +48.3% |
| Operating profit (loss) | 9901 | €67,250 | €132,690 | +€65,441 | +97.3% |
| Financial income | 75/76B | €6,443 | €7,278 | +€835 | +13.0% |
| Recurring financial income | 75 | €6,443 | €7,278 | +€835 | +13.0% |
| Financial charges | 65/66B | €8,770 | €6,518 | -€2,252 | -25.7% |
| Recurring financial charges | 65 | €8,770 | €6,518 | -€2,252 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €64,922 | €133,450 | +€68,527 | +106% |
| Income taxes | 67/77 | €20,364 | €37,223 | +€16,859 | +82.8% |
| Profit (loss) for the period | 9904 | €44,558 | €96,227 | +€51,669 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €44,558 | €96,227 | +€51,669 | +116% |
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 15 October 2026 via checked.be.