Elements Belgium: 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.
Elements Belgium
Largest movements
- Stocks and contracts +€131,365
up €131,365 (+2,567%), from €5,117 to €136,483
- Receivables within one year -€3,832
down €3,832 (-42.1%), from €9,097 to €5,265
of which Trade receivables: -€5,507
- Trade debts +€105,976
up €105,976 (+26,585%), from €399 to €106,374
- Other debts +€22,856
up €22,856 (+189%), from €12,089 to €34,946
- Gross operating margin +€2,586
up €2,586 (+91.7%), from -€2,819 to -€233
- Other operating charges +€366
new in 2025: €366
- Financial charges +€34
up €34 (+61.1%), from €56 to €90
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 | €20,003 | €147,074 | +€127,071 | +635% |
| Formation expenses | 20 | €2,174 | €1,635 | -€538 | -24.8% |
| Current assets | 29/58 | €17,829 | €145,438 | +€127,609 | +716% |
| Stocks and contracts in progress | 3 | €5,117 | €136,483 | +€131,365 | +2,567% |
| Stocks | 30/36 | €5,117 | €136,483 | +€131,365 | +2,567% |
| Amounts receivable within one year | 40/41 | €9,097 | €5,265 | -€3,832 | -42.1% |
| Trade receivables | 40 | €5,507 | - | -€5,507 | |
| Other amounts receivable | 41 | €3,590 | €5,265 | +€1,675 | +46.7% |
| Cash at bank and in hand | 54/58 | €315 | €391 | +€76 | +24.1% |
| Deferred charges and accrued income | 490/1 | €3,300 | €3,300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €20,003 | €147,074 | +€127,071 | +635% |
| Equity | 10/15 | €6,608 | €5,380 | -€1,228 | -18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,392 | -€4,620 | -€1,228 | -36.2% |
| Amounts payable | 17/49 | €13,395 | €141,694 | +€128,299 | +958% |
| Amounts payable within one year | 42/48 | €12,488 | €141,320 | +€128,832 | +1,032% |
| Trade debts | 44 | €399 | €106,374 | +€105,976 | +26,585% |
| Suppliers | 440/4 | €399 | €106,374 | +€105,976 | +26,585% |
| Other amounts payable | 47/48 | €12,089 | €34,946 | +€22,856 | +189% |
| Accrued charges and deferred income | 492/3 | €907 | €374 | -€533 | -58.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €538 | +€21 | +4.0% |
| Other operating charges | 640/8 | - | €366 | +€366 | |
| Gross operating margin | 9900 | -€2,819 | -€233 | +€2,586 | +91.7% |
| Operating profit (loss) | 9901 | -€3,336 | -€1,137 | +€2,199 | +65.9% |
| Financial charges | 65/66B | €56 | €90 | +€34 | +61.1% |
| Recurring financial charges | 65 | €56 | €90 | +€34 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,392 | -€1,228 | +€2,165 | +63.8% |
| Profit (loss) for the period | 9904 | -€3,392 | -€1,228 | +€2,165 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,392 | -€1,228 | +€2,165 | +63.8% |
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 19 October 2026 via checked.be.