Elkem Processing Services: 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.
What changed
Elkem Processing Services
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€243,114
2024 · €108,391-€351,505
Equity
€3.6m
2024 · €3.9m-€248,081
Cash
€3.1m
2024 · €2.9m+€168,644
Balance sheet total
€3.9m
2024 · €4.1m-€179,260
Largest movements
Assets
- Receivables within one year -€267,646
down €267,646 (-38.6%), from €693,513 to €425,867
of which Trade receivables: -€200,326
- Cash +€168,644
up €168,644 (+5.8%), from €2.9m to €3.1m
mainly Receivables within one year (+€267,646) and Trade debts (+€75,231)
- Tangible fixed assets -€97,640
down €97,640 (-20.3%), from €479,908 to €382,268
Equity and liabilities
- Profit (loss) carried forward -€243,114
down €243,114 (-6.6%), from €3.7m to €3.5m
- Trade debts +€75,231
up €75,231 (+65.0%), from €115,692 to €190,923
Income statement
- Turnover -€456,975
down €456,975 (-32.9%), from €1.4m to €932,564
- Goods and materials -€186,801
down €186,801 (-88.8%), from €210,371 to €23,570
of which Change in stocks: decrease (increase): -€173,211
- Staff costs +€102,019
up €102,019 (+27.4%), from €372,613 to €474,632
- Services and other goods -€80,261
down €80,261 (-13.7%), from €586,412 to €506,151
- Taxes -€41,444
down €41,444 (-99.8%), from €41,530 to €86
of which Taxes: -€41,444
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.
Result 2024
€108,391
Turnover
-€456,975
Other operating income
-€621
Goods and materials
+€186,801
Services and other goods
+€80,261
Staff costs
-€102,019
Depreciation
+€23,364
Write-downs
-€1,540
Other operating charges
+€21,054
Other operating items
-€124,705
Financial income
-€18,111
Financial charges
-€459
Taxes
+€41,444
Result 2025
-€243,114
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€120,852
Investment
+€52,759
Financing
-€4,967
Cash 2024
€2.9m
From operations (derived)
+€120,852
Net result for the year
-€243,114
Depreciation
+€47,081
Receivables within one year
+€267,646
Deferred charges and accrued income
-€19,583
Trade debts
+€75,231
Tax, wage and social debts
-€6,349
Accrued charges and deferred income
-€60
Investment (derived)
+€52,759
Investment in fixed assets (net)
+€52,574
Current investments
+€185
Financing
-€4,967
Contributions, distributions and other
-€4,967
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,098,862 | €3,919,602 | -€179,260 | -4.4% |
| Fixed assets | 21/28 | €487,233 | €387,578 | -€99,655 | -20.5% |
| Intangible fixed assets | 21 | €7,173 | €5,158 | -€2,015 | -28.1% |
| Tangible fixed assets | 22/27 | €479,908 | €382,268 | -€97,640 | -20.3% |
| Land and buildings | 22 | €409,949 | €362,353 | -€47,597 | -11.6% |
| Plant, machinery and equipment | 23 | €64,385 | €18,625 | -€45,760 | -71.1% |
| Furniture and vehicles | 24 | €5,573 | €1,290 | -€4,283 | -76.9% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Other financial fixed assets | 284/8 | €152 | €152 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €3,611,629 | €3,532,025 | -€79,605 | -2.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €693,513 | €425,867 | -€267,646 | -38.6% |
| Trade receivables | 40 | €622,919 | €422,593 | -€200,326 | -32.2% |
| Other amounts receivable | 41 | €70,594 | €3,274 | -€67,320 | -95.4% |
| Current investments | 50/53 | €185 | €0 | -€185 | -100% |
| Other investments | 51/53 | €185 | €0 | -€185 | -100% |
| Cash at bank and in hand | 54/58 | €2,912,293 | €3,080,936 | +€168,644 | +5.8% |
| Deferred charges and accrued income | 490/1 | €5,638 | €25,221 | +€19,583 | +347% |
| Total equity and liabilities | 10/49 | €4,098,862 | €3,919,602 | -€179,260 | -4.4% |
| Equity | 10/15 | €3,866,860 | €3,618,778 | -€248,081 | -6.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,700,927 | €3,457,813 | -€243,114 | -6.6% |
| Investment grants | 15 | €55,933 | €50,966 | -€4,967 | -8.9% |
| Amounts payable | 17/49 | €232,002 | €300,824 | +€68,821 | +29.7% |
| Amounts payable within one year | 42/48 | €231,942 | €300,824 | +€68,882 | +29.7% |
| Trade debts | 44 | €115,692 | €190,923 | +€75,231 | +65.0% |
| Suppliers | 440/4 | €115,692 | €190,923 | +€75,231 | +65.0% |
| Taxes, remuneration and social security | 45 | €116,250 | €109,901 | -€6,349 | -5.5% |
| Taxes | 450/3 | €69,975 | €48,063 | -€21,912 | -31.3% |
| Remuneration and social security | 454/9 | €46,275 | €61,838 | +€15,563 | +33.6% |
| Accrued charges and deferred income | 492/3 | €60 | €0 | -€60 | -100% |
| Operating income | 70/76A | €1,393,294 | €942,309 | -€450,984 | -32.4% |
| Turnover | 70 | €1,389,539 | €932,564 | -€456,975 | -32.9% |
| Other operating income | 74 | €3,754 | €3,134 | -€621 | -16.5% |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Operating charges | 60/66A | €1,323,572 | €1,246,968 | -€76,604 | -5.8% |
| Goods for resale, raw materials and consumables | 60 | €210,371 | €23,570 | -€186,801 | -88.8% |
| Purchases | 600/8 | €37,160 | €23,570 | -€13,590 | -36.6% |
| Change in stocks: decrease (increase) | 609 | €173,211 | €0 | -€173,211 | -100% |
| Services and other goods | 61 | €586,412 | €506,151 | -€80,261 | -13.7% |
| Remuneration, social security and pensions | 62 | €372,613 | €474,632 | +€102,019 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,445 | €47,081 | -€23,364 | -33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,540 | +€1,540 | |
| Other operating charges | 640/8 | €83,731 | €62,677 | -€21,054 | -25.1% |
| Non-recurring operating charges | 66A | - | €131,317 | +€131,317 | |
| Operating profit (loss) | 9901 | €69,721 | -€304,658 | -€374,380 | |
| Financial income | 75/76B | €85,053 | €66,942 | -€18,111 | -21.3% |
| Recurring financial income | 75 | €85,053 | €66,942 | -€18,111 | -21.3% |
| Income from current assets | 751 | €79,535 | €61,202 | -€18,333 | -23.1% |
| Other financial income | 752/9 | €5,517 | €5,740 | +€223 | +4.0% |
| Financial charges | 65/66B | €4,853 | €5,311 | +€459 | +9.4% |
| Recurring financial charges | 65 | €4,853 | €5,311 | +€459 | +9.4% |
| Debt charges | 650 | €2,069 | €1,425 | -€644 | -31.1% |
| Other financial charges | 652/9 | €2,784 | €3,886 | +€1,102 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €149,921 | -€243,028 | -€392,949 | |
| Income taxes | 67/77 | €41,530 | €86 | -€41,444 | -99.8% |
| Taxes | 670/3 | €41,530 | €86 | -€41,444 | -99.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €108,391 | -€243,114 | -€351,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,391 | -€243,114 | -€351,505 |
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 14 October 2026 via checked.be.