L'ELEMENT TERRE: 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.
L'ELEMENT TERRE
Largest movements
- Receivables within one year +€57,775
up €57,775 (+120%), from €47,977 to €105,752
of which Trade receivables: +€58,119
- Tangible fixed assets -€13,675
down €13,675 (-45.6%), from €30,001 to €16,326
of which Furniture and vehicles: -€10,822
- Intangible fixed assets -€10,413
down €10,413 (-49.8%), from €20,906 to €10,492
- Cash -€2,263
down €2,263 (-12.8%), from €17,654 to €15,391
mainly Receivables within one year (-€57,775) and Trade debts (-€16,740)
- Profit (loss) carried forward +€35,851
up €35,851 (+32.6%), from -€110,083 to -€74,232
- Tax, wage and social debts +€19,667
up €19,667 (+101%), from €19,541 to €39,208
of which Taxes: +€15,655
- Trade debts -€16,740
down €16,740 (-18.5%), from €90,464 to €73,724
- Debts after one year -€16,347
down €16,347 (-81.7%), from €20,001 to €3,654
- Current portion of long-term debt +€16,347
up €16,347 (+98.5%), from €16,598 to €32,945
- Gross operating margin +€145,298
up €145,298 (+281%), from €51,663 to €196,961
- Staff costs +€21,048
up €21,048 (+25.6%), from €82,110 to €103,158
- Write-downs +€14,508
up €14,508 (+153%), from €9,461 to €23,969
- Other operating charges -€2,629
down €2,629 (-61.9%), from €4,248 to €1,620
- Financial charges +€2,105
up €2,105 (+34.7%), from €6,060 to €8,165
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 | €119,163 | €150,281 | +€31,118 | +26.1% |
| Fixed assets | 21/28 | €50,906 | €26,818 | -€24,088 | -47.3% |
| Intangible fixed assets | 21 | €20,906 | €10,492 | -€10,413 | -49.8% |
| Tangible fixed assets | 22/27 | €30,001 | €16,326 | -€13,675 | -45.6% |
| Plant, machinery and equipment | 23 | €7,102 | €4,249 | -€2,853 | -40.2% |
| Furniture and vehicles | 24 | €22,899 | €12,077 | -€10,822 | -47.3% |
| Current assets | 29/58 | €68,257 | €123,463 | +€55,206 | +80.9% |
| Amounts receivable within one year | 40/41 | €47,977 | €105,752 | +€57,775 | +120% |
| Trade receivables | 40 | €47,367 | €105,486 | +€58,119 | +123% |
| Other amounts receivable | 41 | €611 | €267 | -€344 | -56.3% |
| Cash at bank and in hand | 54/58 | €17,654 | €15,391 | -€2,263 | -12.8% |
| Deferred charges and accrued income | 490/1 | €2,625 | €2,320 | -€305 | -11.6% |
| Total equity and liabilities | 10/49 | €119,163 | €150,281 | +€31,118 | +26.1% |
| Equity | 10/15 | -€88,163 | -€52,312 | +€35,851 | +40.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,920 | €1,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,920 | €1,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,920 | €1,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,083 | -€74,232 | +€35,851 | +32.6% |
| Amounts payable | 17/49 | €207,326 | €202,593 | -€4,733 | -2.3% |
| Amounts payable after more than one year | 17 | €20,001 | €3,654 | -€16,347 | -81.7% |
| Financial debts | 170/4 | €20,001 | €3,654 | -€16,347 | -81.7% |
| Amounts payable within one year | 42/48 | €186,298 | €198,939 | +€12,641 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €16,598 | €32,945 | +€16,347 | +98.5% |
| Trade debts | 44 | €90,464 | €73,724 | -€16,740 | -18.5% |
| Suppliers | 440/4 | €90,464 | €73,724 | -€16,740 | -18.5% |
| Taxes, remuneration and social security | 45 | €19,541 | €39,208 | +€19,667 | +101% |
| Taxes | 450/3 | €11,600 | €27,256 | +€15,655 | +135% |
| Remuneration and social security | 454/9 | €7,941 | €11,952 | +€4,011 | +50.5% |
| Other amounts payable | 47/48 | €59,695 | €53,062 | -€6,633 | -11.1% |
| Accrued charges and deferred income | 492/3 | €1,027 | - | -€1,027 | |
| Remuneration, social security and pensions | 62 | €82,110 | €103,158 | +€21,048 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,105 | €24,088 | -€17 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,461 | €23,969 | +€14,508 | +153% |
| Other operating charges | 640/8 | €4,248 | €1,620 | -€2,629 | -61.9% |
| Gross operating margin | 9900 | €51,663 | €196,961 | +€145,298 | +281% |
| Operating profit (loss) | 9901 | -€68,261 | €44,126 | +€112,388 | |
| Financial income | 75/76B | €1,156 | - | -€1,156 | |
| Recurring financial income | 75 | €1,156 | - | -€1,156 | |
| Financial charges | 65/66B | €6,060 | €8,165 | +€2,105 | +34.7% |
| Recurring financial charges | 65 | €6,060 | €8,165 | +€2,105 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | -€73,165 | €35,962 | +€109,127 | |
| Income taxes | 67/77 | €187 | €110 | -€76 | -40.9% |
| Profit (loss) for the period | 9904 | -€73,352 | €35,851 | +€109,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,352 | €35,851 | +€109,203 |
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 17 October 2026 via checked.be.