ELEMEN'TERRE: 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.
ELEMEN'TERRE
Largest movements
- Receivables within one year -€115,296
down €115,296 (-56.6%), from €203,550 to €88,254
of which Trade receivables: -€112,777
- Cash +€49,807
up €49,807 (+102%), from €48,822 to €98,629
mainly Receivables within one year (+€115,296) and Depreciation (+€32,684)
- Tangible fixed assets -€2,855
down €2,855 (-11.0%), from €25,984 to €23,129
of which Plant, machinery and equipment: -€4,548
- Debts after one year -€27,934
down €27,934 (-58.8%), from €47,496 to €19,562
- Other debts -€21,147
down €21,147 (-98.8%), from €21,397 to €250
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Trade debts +€12,665
up €12,665 (+16.9%), from €74,761 to €87,426
- Tax, wage and social debts -€7,238
down €7,238 (-45.2%), from €16,017 to €8,779
of which Taxes: -€7,667
- Purchases and services +€234,227
up €234,227 (+35.8%), from €654,234 to €888,461
- Gross operating margin -€118,870
down €118,870 (-32.0%), from €371,640 to €252,770
- Turnover +€109,167
up €109,167 (+10.6%), from €1.0m to €1.1m
- Staff costs -€76,215
down €76,215 (-27.0%), from €282,702 to €206,487
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 | €280,691 | €212,347 | -€68,344 | -24.3% |
| Fixed assets | 21/28 | €28,319 | €25,464 | -€2,855 | -10.1% |
| Tangible fixed assets | 22/27 | €25,984 | €23,129 | -€2,855 | -11.0% |
| Plant, machinery and equipment | 23 | €17,171 | €12,623 | -€4,548 | -26.5% |
| Furniture and vehicles | 24 | €8,813 | €10,506 | +€1,693 | +19.2% |
| Financial fixed assets | 28 | €2,335 | €2,335 | = | 0.0% |
| Current assets | 29/58 | €252,372 | €186,883 | -€65,489 | -25.9% |
| Amounts receivable within one year | 40/41 | €203,550 | €88,254 | -€115,296 | -56.6% |
| Trade receivables | 40 | €184,991 | €72,214 | -€112,777 | -61.0% |
| Other amounts receivable | 41 | €18,559 | €16,040 | -€2,519 | -13.6% |
| Cash at bank and in hand | 54/58 | €48,822 | €98,629 | +€49,807 | +102% |
| Total equity and liabilities | 10/49 | €280,691 | €212,347 | -€68,344 | -24.3% |
| Equity | 10/15 | €81,791 | €62,261 | -€19,530 | -23.9% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,791 | €60,261 | +€470 | +0.8% |
| Amounts payable | 17/49 | €198,900 | €150,086 | -€48,814 | -24.5% |
| Amounts payable after more than one year | 17 | €47,496 | €19,562 | -€27,934 | -58.8% |
| Financial debts | 170/4 | €47,496 | €19,562 | -€27,934 | -58.8% |
| Amounts payable within one year | 42/48 | €151,404 | €130,524 | -€20,880 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €39,229 | €34,069 | -€5,160 | -13.2% |
| Trade debts | 44 | €74,761 | €87,426 | +€12,665 | +16.9% |
| Suppliers | 440/4 | €74,761 | €87,426 | +€12,665 | +16.9% |
| Taxes, remuneration and social security | 45 | €16,017 | €8,779 | -€7,238 | -45.2% |
| Taxes | 450/3 | €16,017 | €8,350 | -€7,667 | -47.9% |
| Remuneration and social security | 454/9 | - | €429 | +€429 | |
| Other amounts payable | 47/48 | €21,397 | €250 | -€21,147 | -98.8% |
| Turnover | 70 | €1,025,856 | €1,135,023 | +€109,167 | +10.6% |
| Non-recurring operating income | 76A | €18 | €1,894 | +€1,876 | +10,422% |
| Goods, raw materials, services and sundry goods | 60/61 | €654,234 | €888,461 | +€234,227 | +35.8% |
| Remuneration, social security and pensions | 62 | €282,702 | €206,487 | -€76,215 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,443 | €32,684 | -€10,759 | -24.8% |
| Other operating charges | 640/8 | €5,844 | €1,810 | -€4,034 | -69.0% |
| Non-recurring operating charges | 66A | €2 | €5,882 | +€5,880 | +294,000% |
| Gross operating margin | 9900 | €371,640 | €252,770 | -€118,870 | -32.0% |
| Operating profit (loss) | 9901 | €39,649 | €5,907 | -€33,742 | -85.1% |
| Financial income | 75/76B | €74 | €651 | +€577 | +780% |
| Recurring financial income | 75 | €74 | €651 | +€577 | +780% |
| Financial charges | 65/66B | €4,988 | €3,872 | -€1,116 | -22.4% |
| Recurring financial charges | 65 | €4,988 | €3,872 | -€1,116 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €34,735 | €2,686 | -€32,049 | -92.3% |
| Income taxes | 67/77 | - | €2,216 | +€2,216 | |
| Profit (loss) for the period | 9904 | €34,735 | €470 | -€34,265 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,735 | €470 | -€34,265 | -98.6% |
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 15 October 2026 via checked.be.