ELMASS PRODUCTION: 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.
ELMASS PRODUCTION
Largest movements
- Receivables within one year -€50,783
down €50,783 (-22.4%), from €226,740 to €175,957
of which Trade receivables: -€222,087
- Debts after one year +€299,165
new in 2025: €299,165
- Other debts -€234,508
down €234,508 (-74.0%), from €316,692 to €82,184
- Trade debts -€77,150
down €77,150 (-73.5%), from €104,928 to €27,778
- Short-term financial debts -€19,950
no longer reported in 2025 (was €19,950)
of which Other loans: -€18,000
- Tax, wage and social debts -€13,396
down €13,396 (-38.5%), from €34,818 to €21,422
of which Remuneration and social security: -€28,435
- Staff costs -€65,633
no longer reported in 2025 (was €65,633)
- Gross operating margin +€28,061
up €28,061, from -€10,413 to €17,648
- Taxes +€14,346
up €14,346, from -€827 to €13,519
- Other operating charges -€11,339
down €11,339 (-69.5%), from €16,314 to €4,975
- Financial charges -€488
down €488 (-28.2%), from €1,731 to €1,243
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 | €387,702 | €339,870 | -€47,832 | -12.3% |
| Fixed assets | 21/28 | €324 | - | -€324 | |
| Financial fixed assets | 28 | €324 | - | -€324 | |
| Current assets | 29/58 | €387,378 | €339,870 | -€47,508 | -12.3% |
| Stocks and contracts in progress | 3 | €160,251 | €160,251 | -€0 | 0.0% |
| Stocks | 30/36 | €160,251 | €160,251 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €226,740 | €175,957 | -€50,783 | -22.4% |
| Trade receivables | 40 | €224,104 | €2,017 | -€222,087 | -99.1% |
| Other amounts receivable | 41 | €2,636 | €173,940 | +€171,304 | +6,499% |
| Cash at bank and in hand | 54/58 | €387 | €3,662 | +€3,275 | +846% |
| Total equity and liabilities | 10/49 | €387,702 | €339,870 | -€47,832 | -12.3% |
| Equity | 10/15 | -€88,685 | -€90,679 | -€1,994 | -2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | -€0 | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€109,136 | -€111,130 | -€1,994 | -1.8% |
| Amounts payable | 17/49 | €476,387 | €430,549 | -€45,838 | -9.6% |
| Amounts payable after more than one year | 17 | - | €299,165 | +€299,165 | |
| Other amounts payable | 178/9 | - | €299,165 | +€299,165 | |
| Amounts payable within one year | 42/48 | €476,387 | €131,384 | -€345,003 | -72.4% |
| Financial debts | 43 | €19,950 | - | -€19,950 | |
| Credit institutions | 430/8 | €1,950 | - | -€1,950 | |
| Other loans | 439 | €18,000 | - | -€18,000 | |
| Trade debts | 44 | €104,928 | €27,778 | -€77,150 | -73.5% |
| Suppliers | 440/4 | €104,928 | €27,778 | -€77,150 | -73.5% |
| Taxes, remuneration and social security | 45 | €34,818 | €21,422 | -€13,396 | -38.5% |
| Taxes | 450/3 | €6,384 | €21,422 | +€15,038 | +236% |
| Remuneration and social security | 454/9 | €28,435 | - | -€28,435 | |
| Other amounts payable | 47/48 | €316,692 | €82,184 | -€234,508 | -74.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65,633 | - | -€65,633 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €16,314 | €4,975 | -€11,339 | -69.5% |
| Gross operating margin | 9900 | -€10,413 | €17,648 | +€28,061 | |
| Operating profit (loss) | 9901 | -€92,361 | €12,673 | +€105,034 | |
| Financial income | 75/76B | €0 | €95 | +€95 | |
| Recurring financial income | 75 | €0 | €95 | +€95 | |
| Financial charges | 65/66B | €1,731 | €1,243 | -€488 | -28.2% |
| Recurring financial charges | 65 | €1,731 | €1,243 | -€488 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,093 | €11,525 | +€105,618 | |
| Income taxes | 67/77 | -€827 | €13,519 | +€14,346 | |
| Profit (loss) for the period | 9904 | -€93,266 | -€1,994 | +€91,272 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,266 | -€1,994 | +€91,272 | +97.9% |
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 28 October 2026 via checked.be.