DN Steel Concepts: what changed
DN Steel Concepts
Largest movements
- Receivables within one year +€67,094
up €67,094 (+28.7%), from €234,084 to €301,178
of which Trade receivables: +€33,582
- Tangible fixed assets +€41,411
up €41,411 (+5.4%), from €762,822 to €804,233
of which Land and buildings: +€51,010
- Cash +€20,540
up €20,540 (+43.4%), from €47,377 to €67,916
mainly Net result for the year (+€111,716) and Other debts (+€63,282)
- Stocks and contracts +€16,257
up €16,257 (+54.4%), from €29,890 to €46,147
of which Contracts in progress: +€12,843
- Other debts +€63,282
up €63,282 (+4,484%), from €1,411 to €64,693
- Reserves +€51,434
up €51,434 (+22.2%), from €231,834 to €283,268
- Trade debts +€26,869
up €26,869 (+29.1%), from €92,288 to €119,157
- Tax, wage and social debts +€16,773
up €16,773 (+21.4%), from €78,361 to €95,134
of which Remuneration and social security: +€9,375
- Debts after one year -€13,800
down €13,800 (-2.9%), from €468,940 to €455,140
- Staff costs +€57,382
up €57,382 (+40.1%), from €143,104 to €200,486
- Gross operating margin +€21,408
up €21,408 (+5.3%), from €407,113 to €428,521
- Taxes -€10,646
down €10,646 (-18.8%), from €56,533 to €45,887
- Depreciation -€7,780
down €7,780 (-11.8%), from €65,943 to €58,162
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,085,101 | €1,222,435 | +€137,334 | +12.7% |
| Fixed assets | 21/28 | €766,942 | €806,214 | +€39,272 | +5.1% |
| Intangible fixed assets | 21 | €4,120 | €1,982 | -€2,138 | -51.9% |
| Tangible fixed assets | 22/27 | €762,822 | €804,233 | +€41,411 | +5.4% |
| Land and buildings | 22 | €658,343 | €709,353 | +€51,010 | +7.7% |
| Plant, machinery and equipment | 23 | €72,431 | €53,921 | -€18,510 | -25.6% |
| Furniture and vehicles | 24 | €32,049 | €40,959 | +€8,910 | +27.8% |
| Current assets | 29/58 | €318,159 | €416,221 | +€98,062 | +30.8% |
| Stocks and contracts in progress | 3 | €29,890 | €46,147 | +€16,257 | +54.4% |
| Stocks | 30/36 | €25,890 | €29,304 | +€3,414 | +13.2% |
| Contracts in progress | 37 | €4,000 | €16,843 | +€12,843 | +321% |
| Amounts receivable within one year | 40/41 | €234,084 | €301,178 | +€67,094 | +28.7% |
| Trade receivables | 40 | €168,197 | €201,779 | +€33,582 | +20.0% |
| Other amounts receivable | 41 | €65,886 | €99,398 | +€33,512 | +50.9% |
| Cash at bank and in hand | 54/58 | €47,377 | €67,916 | +€20,540 | +43.4% |
| Deferred charges and accrued income | 490/1 | €6,809 | €980 | -€5,829 | -85.6% |
| Total equity and liabilities | 10/49 | €1,085,101 | €1,222,435 | +€137,334 | +12.7% |
| Equity | 10/15 | €404,646 | €456,081 | +€51,434 | +12.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €231,834 | €283,268 | +€51,434 | +22.2% |
| Distributable reserves | 133 | €231,834 | €283,268 | +€51,434 | +22.2% |
| Profit (loss) carried forward | 14 | €167,812 | €167,812 | = | 0.0% |
| Amounts payable | 17/49 | €680,455 | €766,355 | +€85,899 | +12.6% |
| Amounts payable after more than one year | 17 | €468,940 | €455,140 | -€13,800 | -2.9% |
| Financial debts | 170/4 | €468,940 | €455,140 | -€13,800 | -2.9% |
| Amounts payable within one year | 42/48 | €206,515 | €311,215 | +€104,700 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €34,455 | €32,231 | -€2,224 | -6.5% |
| Trade debts | 44 | €92,288 | €119,157 | +€26,869 | +29.1% |
| Suppliers | 440/4 | €92,288 | €119,157 | +€26,869 | +29.1% |
| Taxes, remuneration and social security | 45 | €78,361 | €95,134 | +€16,773 | +21.4% |
| Taxes | 450/3 | €57,322 | €64,720 | +€7,398 | +12.9% |
| Remuneration and social security | 454/9 | €21,040 | €30,415 | +€9,375 | +44.6% |
| Other amounts payable | 47/48 | €1,411 | €64,693 | +€63,282 | +4,484% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €143,104 | €200,486 | +€57,382 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,943 | €58,162 | -€7,780 | -11.8% |
| Other operating charges | 640/8 | €6,433 | €6,457 | +€24 | +0.4% |
| Gross operating margin | 9900 | €407,113 | €428,521 | +€21,408 | +5.3% |
| Operating profit (loss) | 9901 | €191,633 | €163,415 | -€28,218 | -14.7% |
| Financial income | 75/76B | €2,276 | €3,177 | +€901 | +39.6% |
| Recurring financial income | 75 | €2,276 | €3,177 | +€901 | +39.6% |
| Financial charges | 65/66B | €9,441 | €8,989 | -€452 | -4.8% |
| Recurring financial charges | 65 | €9,441 | €8,989 | -€452 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €184,469 | €157,603 | -€26,865 | -14.6% |
| Income taxes | 67/77 | €56,533 | €45,887 | -€10,646 | -18.8% |
| Profit (loss) for the period | 9904 | €127,936 | €111,716 | -€16,220 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €127,936 | €111,716 | -€16,220 | -12.7% |
Next steps
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 5 November 2026 via checked.be.