ELEMENTA: 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.
ELEMENTA
Largest movements
- Receivables within one year -€135,972
down €135,972 (-85.9%), from €158,211 to €22,239
of which Trade receivables: -€125,568
- Cash -€100,397
down €100,397 (-68.3%), from €146,916 to €46,519
mainly Investment in fixed assets (net) (-€202,901) and Trade debts (-€112,366)
- Tangible fixed assets +€97,820
up €97,820 (+7.7%), from €1.3m to €1.4m
of which Land and buildings: +€112,930
- Trade debts -€112,366
down €112,366 (-96.0%), from €117,083 to €4,717
- Debts after one year -€56,228
down €56,228 (-6.0%), from €937,781 to €881,553
- Other debts +€38,602
up €38,602 (+37.8%), from €102,218 to €140,820
- Accrued charges and deferred income +€29,038
up €29,038 (+631%), from €4,602 to €33,640
- Reserves -€26,716
down €26,716 (-10.6%), from €253,215 to €226,498
of which Distributable reserves: -€26,716
- Gross operating margin -€44,190
down €44,190 (-24.3%), from €181,588 to €137,398
- Financial charges +€30,797
up €30,797 (+138%), from €22,351 to €53,148
- Depreciation +€14,849
up €14,849 (+16.5%), from €90,232 to €105,081
- Taxes -€8,596
down €8,596 (-98.5%), from €8,729 to €133
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 | €1,581,729 | €1,438,524 | -€143,206 | -9.1% |
| Fixed assets | 21/28 | €1,268,840 | €1,366,660 | +€97,820 | +7.7% |
| Tangible fixed assets | 22/27 | €1,268,840 | €1,366,660 | +€97,820 | +7.7% |
| Land and buildings | 22 | €1,208,939 | €1,321,869 | +€112,930 | +9.3% |
| Plant, machinery and equipment | 23 | €1,064 | €627 | -€438 | -41.1% |
| Furniture and vehicles | 24 | €54,037 | €39,365 | -€14,672 | -27.2% |
| Other tangible fixed assets | 26 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €312,889 | €71,863 | -€241,026 | -77.0% |
| Amounts receivable within one year | 40/41 | €158,211 | €22,239 | -€135,972 | -85.9% |
| Trade receivables | 40 | €144,939 | €19,372 | -€125,568 | -86.6% |
| Other amounts receivable | 41 | €13,271 | €2,867 | -€10,404 | -78.4% |
| Cash at bank and in hand | 54/58 | €146,916 | €46,519 | -€100,397 | -68.3% |
| Deferred charges and accrued income | 490/1 | €7,763 | €3,105 | -€4,657 | -60.0% |
| Total equity and liabilities | 10/49 | €1,581,729 | €1,438,524 | -€143,206 | -9.1% |
| Equity | 10/15 | €341,832 | €305,089 | -€36,743 | -10.7% |
| Contributions | 10/11 | €87,820 | €87,820 | = | 0.0% |
| Reserves | 13 | €253,215 | €226,498 | -€26,716 | -10.6% |
| Non-distributable reserves | 130/1 | €226,498 | €226,498 | = | 0.0% |
| Other | 1319 | €226,498 | €226,498 | = | 0.0% |
| Distributable reserves | 133 | €26,716 | - | -€26,716 | |
| Profit (loss) carried forward | 14 | €797 | -€9,230 | -€10,027 | |
| Amounts payable | 17/49 | €1,239,897 | €1,133,435 | -€106,462 | -8.6% |
| Amounts payable after more than one year | 17 | €937,781 | €881,553 | -€56,228 | -6.0% |
| Financial debts | 170/4 | €937,781 | €881,553 | -€56,228 | -6.0% |
| Amounts payable within one year | 42/48 | €297,514 | €218,242 | -€79,272 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €55,649 | €56,228 | +€580 | +1.0% |
| Trade debts | 44 | €117,083 | €4,717 | -€112,366 | -96.0% |
| Suppliers | 440/4 | €117,083 | €4,717 | -€112,366 | -96.0% |
| Taxes, remuneration and social security | 45 | €22,564 | €16,477 | -€6,087 | -27.0% |
| Taxes | 450/3 | €22,564 | €16,477 | -€6,087 | -27.0% |
| Other amounts payable | 47/48 | €102,218 | €140,820 | +€38,602 | +37.8% |
| Accrued charges and deferred income | 492/3 | €4,602 | €33,640 | +€29,038 | +631% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,232 | €105,081 | +€14,849 | +16.5% |
| Other operating charges | 640/8 | €2,568 | €3,776 | +€1,207 | +47.0% |
| Non-recurring operating charges | 66A | €184 | €12,076 | +€11,892 | +6,460% |
| Gross operating margin | 9900 | €181,588 | €137,398 | -€44,190 | -24.3% |
| Operating profit (loss) | 9901 | €88,604 | €16,466 | -€72,138 | -81.4% |
| Financial income | 75/76B | €57 | €72 | +€15 | +26.5% |
| Recurring financial income | 75 | €57 | €72 | +€15 | +26.5% |
| Financial charges | 65/66B | €22,351 | €53,148 | +€30,797 | +138% |
| Recurring financial charges | 65 | €22,351 | €53,148 | +€30,797 | +138% |
| Profit (loss) for the period before taxes | 9903 | €66,310 | -€36,610 | -€102,920 | |
| Income taxes | 67/77 | €8,729 | €133 | -€8,596 | -98.5% |
| Profit (loss) for the period | 9904 | €57,581 | -€36,743 | -€94,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,581 | -€36,743 | -€94,324 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.