Elemental Works: 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.
Elemental Works
Largest movements
- Receivables within one year -€50,570
down €50,570 (-55.1%), from €91,827 to €41,258
of which Trade receivables: -€39,538
- Cash +€7,122
up €7,122 (+180%), from €3,946 to €11,067
mainly Receivables within one year (+€50,570) and Depreciation (+€8,085)
- Intangible fixed assets +€3,886
new in 2025: €3,886
- Trade debts -€33,797
down €33,797 (-65.6%), from €51,507 to €17,710
- Other debts -€4,958
down €4,958 (-35.3%), from €14,065 to €9,107
- Profit (loss) carried forward +€2,886
up €2,886 (+9.9%), from €29,224 to €32,110
- Tax, wage and social debts -€2,244
down €2,244 (-20.7%), from €10,850 to €8,606
of which Remuneration and social security: -€2,850
- Gross operating margin -€32,222
down €32,222 (-71.0%), from €45,353 to €13,132
- Taxes -€7,548
down €7,548 (-92.6%), from €8,154 to €606
- Depreciation +€1,709
up €1,709 (+26.8%), from €6,376 to €8,085
- Staff costs -€650
no longer reported in 2025 (was €650)
- Other operating charges +€529
up €529 (+342%), from €154 to €683
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 | €121,779 | €83,055 | -€38,724 | -31.8% |
| Fixed assets | 21/28 | €26,006 | €30,730 | +€4,724 | +18.2% |
| Intangible fixed assets | 21 | - | €3,886 | +€3,886 | |
| Tangible fixed assets | 22/27 | €25,944 | €26,782 | +€838 | +3.2% |
| Plant, machinery and equipment | 23 | €1,595 | €4,452 | +€2,857 | +179% |
| Furniture and vehicles | 24 | €24,350 | €22,330 | -€2,020 | -8.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €95,773 | €52,325 | -€43,448 | -45.4% |
| Amounts receivable within one year | 40/41 | €91,827 | €41,258 | -€50,570 | -55.1% |
| Trade receivables | 40 | €73,455 | €33,917 | -€39,538 | -53.8% |
| Other amounts receivable | 41 | €18,372 | €7,341 | -€11,032 | -60.0% |
| Cash at bank and in hand | 54/58 | €3,946 | €11,067 | +€7,122 | +180% |
| Total equity and liabilities | 10/49 | €121,779 | €83,055 | -€38,724 | -31.8% |
| Equity | 10/15 | €31,724 | €34,610 | +€2,886 | +9.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,224 | €32,110 | +€2,886 | +9.9% |
| Amounts payable | 17/49 | €90,055 | €48,445 | -€41,610 | -46.2% |
| Amounts payable after more than one year | 17 | €7,522 | €6,601 | -€921 | -12.2% |
| Financial debts | 170/4 | €7,522 | €6,601 | -€921 | -12.2% |
| Amounts payable within one year | 42/48 | €82,533 | €41,844 | -€40,689 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €6,111 | €6,421 | +€310 | +5.1% |
| Trade debts | 44 | €51,507 | €17,710 | -€33,797 | -65.6% |
| Suppliers | 440/4 | €51,507 | €17,710 | -€33,797 | -65.6% |
| Taxes, remuneration and social security | 45 | €10,850 | €8,606 | -€2,244 | -20.7% |
| Taxes | 450/3 | €8,000 | €8,606 | +€606 | +7.6% |
| Remuneration and social security | 454/9 | €2,850 | - | -€2,850 | |
| Other amounts payable | 47/48 | €14,065 | €9,107 | -€4,958 | -35.3% |
| Remuneration, social security and pensions | 62 | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,376 | €8,085 | +€1,709 | +26.8% |
| Other operating charges | 640/8 | €154 | €683 | +€529 | +342% |
| Gross operating margin | 9900 | €45,353 | €13,132 | -€32,222 | -71.0% |
| Operating profit (loss) | 9901 | €38,173 | €4,364 | -€33,810 | -88.6% |
| Financial income | 75/76B | €0 | €32 | +€32 | +106,967% |
| Recurring financial income | 75 | €0 | €32 | +€32 | +106,967% |
| Financial charges | 65/66B | €795 | €904 | +€109 | +13.7% |
| Recurring financial charges | 65 | €795 | €904 | +€109 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €37,378 | €3,492 | -€33,887 | -90.7% |
| Income taxes | 67/77 | €8,154 | €606 | -€7,548 | -92.6% |
| Profit (loss) for the period | 9904 | €29,224 | €2,886 | -€26,338 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,224 | €2,886 | -€26,338 | -90.1% |
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 25 October 2026 via checked.be.