EURASTEEL: 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.
EURASTEEL
Largest movements
- Current investments -€865,119
no longer reported in 2025 (was €865,119)
- Stocks and contracts -€429,708
down €429,708 (-72.5%), from €592,531 to €162,823
- Cash +€265,964
up €265,964 (+51.0%), from €521,638 to €787,602
mainly Current investments (+€865,119) and Stocks and contracts (+€429,708)
- Receivables within one year +€164,221
up €164,221 (+15.7%), from €1.0m to €1.2m
of which Other amounts receivable: +€244,148
- Trade debts -€595,240
down €595,240 (-46.2%), from €1.3m to €693,107
- Other debts -€362,036
down €362,036 (-69.9%), from €517,782 to €155,746
- Reserves +€120,989
up €120,989 (+12.1%), from €1.0m to €1.1m
of which Tax-exempt reserves: +€63,102
- Financial charges +€183,234
up €183,234 (+730%), from €25,087 to €208,321
- Taxes -€59,095
down €59,095 (-57.2%), from €103,263 to €44,168
- Gross operating margin +€44,781
up €44,781 (+17.8%), from €251,024 to €295,805
- Financial income +€20,240
up €20,240 (+34.1%), from €59,353 to €79,593
- Other operating charges -€4,700
down €4,700 (-79.6%), from €5,907 to €1,206
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 | €3,104,488 | €2,225,105 | -€879,383 | -28.3% |
| Fixed assets | 21/28 | €394 | €641 | +€247 | +62.8% |
| Tangible fixed assets | 22/27 | €394 | €641 | +€247 | +62.8% |
| Furniture and vehicles | 24 | €394 | €641 | +€247 | +62.8% |
| Current assets | 29/58 | €3,104,094 | €2,224,464 | -€879,630 | -28.3% |
| Stocks and contracts in progress | 3 | €592,531 | €162,823 | -€429,708 | -72.5% |
| Stocks | 30/36 | €592,531 | €162,823 | -€429,708 | -72.5% |
| Amounts receivable within one year | 40/41 | €1,048,365 | €1,212,586 | +€164,221 | +15.7% |
| Trade receivables | 40 | €973,204 | €893,277 | -€79,927 | -8.2% |
| Other amounts receivable | 41 | €75,161 | €319,309 | +€244,148 | +325% |
| Current investments | 50/53 | €865,119 | - | -€865,119 | |
| Cash at bank and in hand | 54/58 | €521,638 | €787,602 | +€265,964 | +51.0% |
| Deferred charges and accrued income | 490/1 | €76,443 | €61,454 | -€14,989 | -19.6% |
| Total equity and liabilities | 10/49 | €3,104,488 | €2,225,105 | -€879,383 | -28.3% |
| Equity | 10/15 | €1,152,682 | €1,273,671 | +€120,989 | +10.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,002,682 | €1,123,671 | +€120,989 | +12.1% |
| Tax-exempt reserves | 132 | €250,737 | €313,839 | +€63,102 | +25.2% |
| Distributable reserves | 133 | €751,945 | €809,832 | +€57,887 | +7.7% |
| Amounts payable | 17/49 | €1,951,805 | €951,434 | -€1.0m | -51.3% |
| Amounts payable within one year | 42/48 | €1,920,648 | €941,722 | -€978,926 | -51.0% |
| Trade debts | 44 | €1,288,347 | €693,107 | -€595,240 | -46.2% |
| Suppliers | 440/4 | €1,288,347 | €693,107 | -€595,240 | -46.2% |
| Taxes, remuneration and social security | 45 | €114,519 | €92,869 | -€21,650 | -18.9% |
| Taxes | 450/3 | €114,519 | €92,869 | -€21,650 | -18.9% |
| Other amounts payable | 47/48 | €517,782 | €155,746 | -€362,036 | -69.9% |
| Accrued charges and deferred income | 492/3 | €31,157 | €9,712 | -€21,445 | -68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €714 | +€320 | +81.1% |
| Other operating charges | 640/8 | €5,907 | €1,206 | -€4,700 | -79.6% |
| Gross operating margin | 9900 | €251,024 | €295,805 | +€44,781 | +17.8% |
| Operating profit (loss) | 9901 | €244,723 | €293,885 | +€49,162 | +20.1% |
| Financial income | 75/76B | €59,353 | €79,593 | +€20,240 | +34.1% |
| Recurring financial income | 75 | €59,353 | €79,593 | +€20,240 | +34.1% |
| Financial charges | 65/66B | €25,087 | €208,321 | +€183,234 | +730% |
| Recurring financial charges | 65 | €25,087 | €208,321 | +€183,234 | +730% |
| Profit (loss) for the period before taxes | 9903 | €278,989 | €165,156 | -€113,833 | -40.8% |
| Income taxes | 67/77 | €103,263 | €44,168 | -€59,095 | -57.2% |
| Profit (loss) for the period | 9904 | €175,726 | €120,989 | -€54,738 | -31.1% |
| Transfer to tax-exempt reserves | 689 | €39,937 | €63,102 | +€23,165 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €135,789 | €57,887 | -€77,903 | -57.4% |
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 19 October 2026 via checked.be.