ANTWERPSE STAAL 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
ANTWERPSE STAAL SERVICES
NACE 46.820, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€365,872
2024 · €662,941-€297,069
Equity
€23.6m
2024 · €23.3m+€365,872
Cash
€99,099
2024 · €2.9m-€2.8m
Balance sheet total
€52.3m
2024 · €53.4m-€1.1m
Largest movements
Assets
- Current investments +€3.7m
up €3.7m (+42.0%), from €8.9m to €12.6m
- Cash -€2.8m
down €2.8m (-96.5%), from €2.9m to €99,099
mainly Current investments (-€3.7m) and Trade debts (-€1.5m)
- Receivables within one year -€2.0m
down €2.0m (-22.0%), from €9.0m to €7.0m
of which Trade receivables: -€1.6m
Equity and liabilities
- Trade debts -€1.5m
down €1.5m (-76.3%), from €1.9m to €451,138
Income statement
- Goods and materials -€3.7m
down €3.7m (-10.0%), from €36.4m to €32.7m
of which Change in stocks: decrease (increase): -€3.0m
- Turnover -€3.3m
down €3.3m (-7.7%), from €43.5m to €40.2m
- Financial charges +€718,851
up €718,851 (+59.1%), from €1.2m to €1.9m
- Other operating income +€619,226
up €619,226 (+753%), from €82,227 to €701,453
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
€662,941
Turnover
-€3.3m
Other operating income
+€619,226
Goods and materials
+€3.7m
Services and other goods
-€433,851
Staff costs
+€33,358
Depreciation
+€18,976
Write-downs
+€9,277
Other operating charges
-€17,206
Other operating items
+€9,364
Financial income
-€214,649
Financial charges
-€718,851
Taxes
+€92,278
Result 2025
€365,872
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
+€1.1m
Investment
-€3.9m
Financing
€0
Cash 2024
€2.9m
From operations (derived)
+€1.1m
Net result for the year
+€365,872
Depreciation
+€166,240
Receivables after one year
+€60,000
Stocks and contracts
+€144,274
Receivables within one year
+€2.0m
Deferred charges and accrued income
-€76,821
Trade debts
-€1.5m
Tax, wage and social debts
-€15,796
Advances received
-€2,919
Accrued charges and deferred income
-€25,826
Investment (derived)
-€3.9m
Investment in fixed assets (net)
-€175,441
Current investments
-€3.7m
Cash 2025
€99,099
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,430,772 | €52,300,947 | -€1.1m | -2.1% |
| Fixed assets | 21/28 | €1,011,327 | €1,020,528 | +€9,201 | +0.9% |
| Intangible fixed assets | 21 | €80,991 | €96,470 | +€15,478 | +19.1% |
| Tangible fixed assets | 22/27 | €582,519 | €576,242 | -€6,277 | -1.1% |
| Plant, machinery and equipment | 23 | €7,715 | €6,865 | -€849 | -11.0% |
| Furniture and vehicles | 24 | €474,868 | €498,944 | +€24,076 | +5.1% |
| Other tangible fixed assets | 26 | €99,936 | €70,433 | -€29,504 | -29.5% |
| Financial fixed assets | 28 | €347,817 | €347,817 | = | 0.0% |
| Other financial fixed assets | 284/8 | €347,817 | €347,817 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €347,817 | €347,817 | = | 0.0% |
| Current assets | 29/58 | €52,419,445 | €51,280,418 | -€1.1m | -2.2% |
| Amounts receivable after more than one year | 29 | €210,000 | €150,000 | -€60,000 | -28.6% |
| Other amounts receivable | 291 | €210,000 | €150,000 | -€60,000 | -28.6% |
| Stocks and contracts in progress | 3 | €31,365,106 | €31,220,832 | -€144,274 | -0.5% |
| Stocks | 30/36 | €31,365,106 | €31,220,832 | -€144,274 | -0.5% |
| Goods purchased for resale | 34 | €31,365,106 | €31,220,832 | -€144,274 | -0.5% |
| Amounts receivable within one year | 40/41 | €9,001,491 | €7,021,304 | -€2.0m | -22.0% |
| Trade receivables | 40 | €8,317,013 | €6,764,020 | -€1.6m | -18.7% |
| Other amounts receivable | 41 | €684,479 | €257,285 | -€427,194 | -62.4% |
| Current investments | 50/53 | €8,875,000 | €12,604,716 | +€3.7m | +42.0% |
| Other investments | 51/53 | €8,875,000 | €12,604,716 | +€3.7m | +42.0% |
| Cash at bank and in hand | 54/58 | €2,860,202 | €99,099 | -€2.8m | -96.5% |
| Deferred charges and accrued income | 490/1 | €107,646 | €184,467 | +€76,821 | +71.4% |
| Total equity and liabilities | 10/49 | €53,430,772 | €52,300,947 | -€1.1m | -2.1% |
| Equity | 10/15 | €23,269,453 | €23,635,326 | +€365,872 | +1.6% |
| Contributions | 10/11 | €1,642,539 | €1,642,539 | = | 0.0% |
| Capital | 10 | €1,642,539 | €1,642,539 | = | 0.0% |
| Issued capital | 100 | €1,642,539 | €1,642,539 | = | 0.0% |
| Reserves | 13 | €1,416,854 | €1,669,454 | +€252,600 | +17.8% |
| Non-distributable reserves | 130/1 | €164,254 | €164,254 | = | 0.0% |
| Legal reserve | 130 | €164,254 | €164,254 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,252,600 | €1,505,200 | +€252,600 | +20.2% |
| Profit (loss) carried forward | 14 | €20,210,061 | €20,323,333 | +€113,272 | +0.6% |
| Amounts payable | 17/49 | €30,161,319 | €28,665,621 | -€1.5m | -5.0% |
| Amounts payable after more than one year | 17 | €7,917,344 | €7,917,344 | = | 0.0% |
| Financial debts | 170/4 | €7,917,344 | €7,917,344 | = | 0.0% |
| Subordinated loans | 170 | €7,917,344 | €7,917,344 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,984,084 | €19,514,212 | -€1.5m | -7.0% |
| Financial debts | 43 | €19,000,000 | €19,000,000 | = | 0.0% |
| Other loans | 439 | €19,000,000 | €19,000,000 | = | 0.0% |
| Trade debts | 44 | €1,902,295 | €451,138 | -€1.5m | -76.3% |
| Suppliers | 440/4 | €1,902,295 | €451,138 | -€1.5m | -76.3% |
| Advances received on contracts in progress | 46 | €2,919 | - | -€2,919 | |
| Taxes, remuneration and social security | 45 | €78,869 | €63,074 | -€15,796 | -20.0% |
| Taxes | 450/3 | €29,711 | €4,705 | -€25,006 | -84.2% |
| Remuneration and social security | 454/9 | €49,158 | €58,369 | +€9,211 | +18.7% |
| Accrued charges and deferred income | 492/3 | €1,259,891 | €1,234,065 | -€25,826 | -2.0% |
| Operating income | 70/76A | €43,624,300 | €40,896,595 | -€2.7m | -6.3% |
| Turnover | 70 | €43,542,072 | €40,194,110 | -€3.3m | -7.7% |
| Other operating income | 74 | €82,227 | €701,453 | +€619,226 | +753% |
| Non-recurring operating income | 76A | - | €1,032 | +€1,032 | |
| Operating charges | 60/66A | €42,049,819 | €38,777,960 | -€3.3m | -7.8% |
| Goods for resale, raw materials and consumables | 60 | €36,361,991 | €32,709,019 | -€3.7m | -10.0% |
| Purchases | 600/8 | €33,179,008 | €32,564,745 | -€614,263 | -1.9% |
| Change in stocks: decrease (increase) | 609 | €3,182,983 | €144,274 | -€3.0m | -95.5% |
| Services and other goods | 61 | €5,029,612 | €5,463,463 | +€433,851 | +8.6% |
| Remuneration, social security and pensions | 62 | €447,110 | €413,752 | -€33,358 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,216 | €166,240 | -€18,976 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,277 | - | -€9,277 | |
| Other operating charges | 640/8 | €8,280 | €25,486 | +€17,206 | +208% |
| Non-recurring operating charges | 66A | €8,333 | - | -€8,333 | |
| Operating profit (loss) | 9901 | €1,574,480 | €2,118,635 | +€544,154 | +34.6% |
| Financial income | 75/76B | €558,784 | €344,134 | -€214,649 | -38.4% |
| Recurring financial income | 75 | €558,784 | €344,134 | -€214,649 | -38.4% |
| Income from current assets | 751 | €367,007 | €291,619 | -€75,388 | -20.5% |
| Other financial income | 752/9 | €191,776 | €52,515 | -€139,261 | -72.6% |
| Financial charges | 65/66B | €1,215,795 | €1,934,646 | +€718,851 | +59.1% |
| Recurring financial charges | 65 | €1,215,795 | €1,934,646 | +€718,851 | +59.1% |
| Debt charges | 650 | €1,078,177 | €1,078,287 | +€109 | 0.0% |
| Other financial charges | 652/9 | €137,618 | €856,360 | +€718,742 | +522% |
| Profit (loss) for the period before taxes | 9903 | €917,469 | €528,122 | -€389,346 | -42.4% |
| Income taxes | 67/77 | €254,528 | €162,250 | -€92,278 | -36.3% |
| Taxes | 670/3 | €254,540 | €162,256 | -€92,283 | -36.3% |
| Tax adjustments and reversals of tax provisions | 77 | €12 | €6 | -€5 | -46.0% |
| Profit (loss) for the period | 9904 | €662,941 | €365,872 | -€297,069 | -44.8% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €252,600 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €410,341 | €113,272 | -€297,069 | -72.4% |
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 20 October 2026 via checked.be.