The reverse order, how creation is wound up?

At the time of annihilation the five great elements, namely earth, water, fire, air and ether, merge into false ego in the mode of ignorance, from which they were originally generated; the ten senses and intelligence merge into false ego in passion; and the mind, along with the demigods, merges into false ego in the mode of goodness, which then merges into mahat-tattva, which further takes shelter of the prakṛti or unmanifest pradhāna.

As described above, each of the gross elements is wound up when its distinguishing quality is removed; the element then merges into the previous element. This can be understood as follows. In space or ether there is the quality of sound. In air there are the qualities of sound and touch. In fire there are sound, touch and form. In water there are sound, touch, form and taste. And in earth there are sound, touch, form, taste and aroma. Therefore from ether down to earth each element is distinguished by the addition of its own unique quality, called guṇa-viśeṣam. When that quality is removed, an element becomes nondifferent from its previous element and thus merges into it. For example, when great winds take aroma away from earth, earth contains only sound, touch, form and taste and thus becomes nondifferent from water, into which it merges. Similarly when water loses its rasa, or taste, it contains only sound, touch and form, thus becoming nondifferent from fire, which also contains those three qualities. So the wind takes away aroma to merge earth into water and takes away taste to merge water into fire. Then when the universal darkness removes form from fire, fire merges into air. Space then removes the sense of touch from air, and air merges into space. The Supreme Personality of Godhead as the time element removes sound from space, and space then merges into the false ego in the mode of ignorance, from which it arose. Finally, false ego is merged into the mahat-tattva, which is merged into the unmanifest pradhāna, and thus the universe is annihilated.

Source: A.C. Bhaktivedanta Swami Prabhupada (2014 edition), “Srimad Bhagavatam”, Eleventh Canto, Chapter 03 – Text 16