De Stalen Greep: what changed
What changed
De Stalen Greep
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€15,555
2024 · €69,586-€54,031
Equity
€5.6m
2024 · €5.6m+€15,555
Cash
€777,507
2024 · €1.1m-€356,084
Balance sheet total
€6.9m
2024 · €7.2m-€378,748
Largest movements
Assets
- Cash -€356,084
down €356,084 (-31.4%), from €1.1m to €777,507
mainly Trade debts (-€353,546) and Stocks and contracts (-€93,910)
- Stocks and contracts +€93,910
up €93,910 (+3.5%), from €2.7m to €2.8m
- Intangible fixed assets -€82,136
down €82,136 (-27.6%), from €297,788 to €215,652
Equity and liabilities
- Trade debts -€353,546
down €353,546 (-26.7%), from €1.3m to €972,922
Income statement
- Turnover +€876,763
up €876,763 (+7.1%), from €12.3m to €13.2m
- Goods and materials +€477,326
up €477,326 (+5.6%), from €8.6m to €9.1m
of which Purchases: +€476,421
- Other operating charges +€330,571
up €330,571 (+355%), from €93,206 to €423,777
- Services and other goods +€135,672
up €135,672 (+8.7%), from €1.6m to €1.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,586
Turnover
+€876,763
Other operating income
+€4,011
Goods and materials
-€477,326
Services and other goods
-€135,672
Staff costs
+€15,965
Depreciation
-€13,048
Write-downs
+€10,762
Other operating charges
-€330,571
Other operating items
-€2,479
Financial income
+€2,339
Financial charges
-€23,216
Taxes
+€18,440
Result 2025
€15,555
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€321,763
Investment
-€18,044
Financing
-€16,276
Cash 2024
€1.1m
From operations (derived)
-€321,763
Net result for the year
+€15,555
Depreciation
+€132,007
Stocks and contracts
-€93,910
Receivables within one year
-€1,410
Deferred charges and accrued income
+€4,022
Trade debts
-€353,546
Tax, wage and social debts
-€21,656
Accrued charges and deferred income
-€2,824
Investment (derived)
-€18,044
Investment in fixed assets (net)
-€18,044
Financing
-€16,276
Debts after one year
-€16,512
Current portion of long-term debt
+€236
Cash 2025
€777,507
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,243,289 | €6,864,541 | -€378,748 | -5.2% |
| Fixed assets | 21/28 | €571,884 | €457,921 | -€113,963 | -19.9% |
| Intangible fixed assets | 21 | €297,788 | €215,652 | -€82,136 | -27.6% |
| Tangible fixed assets | 22/27 | €198,840 | €166,557 | -€32,284 | -16.2% |
| Land and buildings | 22 | €105,165 | €96,925 | -€8,240 | -7.8% |
| Plant, machinery and equipment | 23 | €10,885 | €22,849 | +€11,964 | +110% |
| Furniture and vehicles | 24 | €61,450 | €39,706 | -€21,743 | -35.4% |
| Other tangible fixed assets | 26 | €21,341 | €7,077 | -€14,264 | -66.8% |
| Financial fixed assets | 28 | €75,256 | €75,712 | +€456 | +0.6% |
| Other financial fixed assets | 284/8 | €75,256 | €75,712 | +€456 | +0.6% |
| Amounts receivable and cash guarantees | 285/8 | €75,256 | €75,712 | +€456 | +0.6% |
| Current assets | 29/58 | €6,671,405 | €6,406,620 | -€264,785 | -4.0% |
| Stocks and contracts in progress | 3 | €2,681,392 | €2,775,302 | +€93,910 | +3.5% |
| Stocks | 30/36 | €2,681,392 | €2,775,302 | +€93,910 | +3.5% |
| Goods purchased for resale | 34 | €2,681,392 | €2,775,302 | +€93,910 | +3.5% |
| Amounts receivable within one year | 40/41 | €2,817,093 | €2,818,503 | +€1,410 | +0.1% |
| Trade receivables | 40 | €2,772,505 | €2,765,569 | -€6,936 | -0.3% |
| Other amounts receivable | 41 | €44,587 | €52,934 | +€8,347 | +18.7% |
| Current investments | 50/53 | €14,500 | €14,500 | = | 0.0% |
| Other investments | 51/53 | €14,500 | €14,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,133,591 | €777,507 | -€356,084 | -31.4% |
| Deferred charges and accrued income | 490/1 | €24,830 | €20,808 | -€4,022 | -16.2% |
| Total equity and liabilities | 10/49 | €7,243,289 | €6,864,541 | -€378,748 | -5.2% |
| Equity | 10/15 | €5,561,264 | €5,576,818 | +€15,555 | +0.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €5,486,264 | €5,501,818 | +€15,555 | +0.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,778 | €6,778 | = | 0.0% |
| Distributable reserves | 133 | €5,471,985 | €5,487,540 | +€15,555 | +0.3% |
| Amounts payable | 17/49 | €1,682,025 | €1,287,722 | -€394,303 | -23.4% |
| Amounts payable after more than one year | 17 | €54,545 | €38,033 | -€16,512 | -30.3% |
| Financial debts | 170/4 | €54,545 | €38,033 | -€16,512 | -30.3% |
| Credit institutions | 173 | €54,545 | €38,033 | -€16,512 | -30.3% |
| Amounts payable within one year | 42/48 | €1,616,862 | €1,241,896 | -€374,966 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €16,276 | €16,512 | +€236 | +1.4% |
| Trade debts | 44 | €1,326,468 | €972,922 | -€353,546 | -26.7% |
| Suppliers | 440/4 | €1,326,468 | €972,922 | -€353,546 | -26.7% |
| Taxes, remuneration and social security | 45 | €274,118 | €252,462 | -€21,656 | -7.9% |
| Taxes | 450/3 | €19,392 | €76,839 | +€57,447 | +296% |
| Remuneration and social security | 454/9 | €254,726 | €175,623 | -€79,103 | -31.1% |
| Accrued charges and deferred income | 492/3 | €10,617 | €7,793 | -€2,824 | -26.6% |
| Operating income | 70/76A | €12,399,842 | €13,278,137 | +€878,295 | +7.1% |
| Turnover | 70 | €12,316,502 | €13,193,265 | +€876,763 | +7.1% |
| Other operating income | 74 | €80,861 | €84,872 | +€4,011 | +5.0% |
| Non-recurring operating income | 76A | €2,479 | €0 | -€2,479 | -100% |
| Operating charges | 60/66A | €12,398,585 | €13,328,474 | +€929,889 | +7.5% |
| Goods for resale, raw materials and consumables | 60 | €8,594,966 | €9,072,292 | +€477,326 | +5.6% |
| Purchases | 600/8 | €8,689,782 | €9,166,203 | +€476,421 | +5.5% |
| Change in stocks: decrease (increase) | 609 | -€94,816 | -€93,910 | +€905 | +1.0% |
| Services and other goods | 61 | €1,561,048 | €1,696,720 | +€135,672 | +8.7% |
| Remuneration, social security and pensions | 62 | €2,020,165 | €2,004,201 | -€15,965 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,959 | €132,007 | +€13,048 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,240 | -€522 | -€10,762 | |
| Other operating charges | 640/8 | €93,206 | €423,777 | +€330,571 | +355% |
| Operating profit (loss) | 9901 | €1,258 | -€50,337 | -€51,595 | |
| Financial income | 75/76B | €118,875 | €121,214 | +€2,339 | +2.0% |
| Recurring financial income | 75 | €118,875 | €121,214 | +€2,339 | +2.0% |
| Income from current assets | 751 | €253 | €372 | +€119 | +46.8% |
| Other financial income | 752/9 | €118,621 | €120,842 | +€2,220 | +1.9% |
| Financial charges | 65/66B | €19,882 | €43,098 | +€23,216 | +117% |
| Recurring financial charges | 65 | €19,882 | €43,098 | +€23,216 | +117% |
| Debt charges | 650 | €4,469 | €4,324 | -€145 | -3.3% |
| Other financial charges | 652/9 | €15,413 | €38,774 | +€23,361 | +152% |
| Profit (loss) for the period before taxes | 9903 | €100,250 | €27,779 | -€72,471 | -72.3% |
| Income taxes | 67/77 | €30,664 | €12,224 | -€18,440 | -60.1% |
| Taxes | 670/3 | €30,664 | €12,224 | -€18,440 | -60.1% |
| Profit (loss) for the period | 9904 | €69,586 | €15,555 | -€54,031 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,586 | €15,555 | -€54,031 | -77.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.