Immo Steelint: what changed
What changed
Immo Steelint
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€12,413
2024 · €7,425+€4,989
Equity
€43,631
2024 · €31,218+€12,413
Cash
€3,424
2024 · €3,596-€171
Balance sheet total
€525,582
2024 · €540,205-€14,624
Largest movements
Assets
- Tangible fixed assets -€14,023
down €14,023 (-2.7%), from €527,795 to €513,772
of which Land and buildings: -€13,131
Equity and liabilities
- Debts after one year -€27,104
down €27,104 (-5.8%), from €465,224 to €438,120
of which Financial debts: -€43,830
- Reserves +€13,000
up €13,000 (+108%), from €12,000 to €25,000
Income statement
- Financial charges -€5,011
down €5,011 (-19.1%), from €26,283 to €21,273
- Taxes +€1,729
up €1,729 (+71.0%), from €2,436 to €4,165
- Gross operating margin +€1,506
up €1,506 (+2.8%), from €54,135 to €55,641
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
€7,425
Gross operating margin
+€1,506
Other operating charges
+€201
Financial charges
+€5,011
Taxes
-€1,729
Result 2025
€12,413
raises the resultlowers the result
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
+€26,865
Investment
€0
Financing
-€27,037
Cash 2024
€3,596
From operations (derived)
+€26,865
Net result for the year
+€12,413
Depreciation
+€14,023
Receivables within one year
+€429
Financing
-€27,037
Debts after one year
-€27,104
Current portion of long-term debt
+€67
Cash 2025
€3,424
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,205 | €525,582 | -€14,624 | -2.7% |
| Fixed assets | 21/28 | €527,795 | €513,772 | -€14,023 | -2.7% |
| Tangible fixed assets | 22/27 | €527,795 | €513,772 | -€14,023 | -2.7% |
| Land and buildings | 22 | €525,580 | €512,449 | -€13,131 | -2.5% |
| Plant, machinery and equipment | 23 | €2,216 | €1,323 | -€893 | -40.3% |
| Current assets | 29/58 | €12,410 | €11,809 | -€601 | -4.8% |
| Amounts receivable within one year | 40/41 | €8,814 | €8,385 | -€429 | -4.9% |
| Trade receivables | 40 | €1,264 | €7,535 | +€6,271 | +496% |
| Other amounts receivable | 41 | €7,550 | €850 | -€6,700 | -88.7% |
| Cash at bank and in hand | 54/58 | €3,596 | €3,424 | -€171 | -4.8% |
| Total equity and liabilities | 10/49 | €540,205 | €525,582 | -€14,624 | -2.7% |
| Equity | 10/15 | €31,218 | €43,631 | +€12,413 | +39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,000 | €25,000 | +€13,000 | +108% |
| Distributable reserves | 133 | €12,000 | €25,000 | +€13,000 | +108% |
| Profit (loss) carried forward | 14 | €618 | €31 | -€587 | -95.0% |
| Amounts payable | 17/49 | €508,987 | €481,950 | -€27,037 | -5.3% |
| Amounts payable after more than one year | 17 | €465,224 | €438,120 | -€27,104 | -5.8% |
| Financial debts | 170/4 | €166,172 | €122,341 | -€43,830 | -26.4% |
| Other amounts payable | 178/9 | €299,052 | €315,779 | +€16,727 | +5.6% |
| Amounts payable within one year | 42/48 | €43,764 | €43,830 | +€67 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €43,764 | €43,830 | +€67 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,023 | €14,023 | = | 0.0% |
| Other operating charges | 640/8 | €3,968 | €3,767 | -€201 | -5.1% |
| Gross operating margin | 9900 | €54,135 | €55,641 | +€1,506 | +2.8% |
| Operating profit (loss) | 9901 | €36,144 | €37,851 | +€1,707 | +4.7% |
| Financial charges | 65/66B | €26,283 | €21,273 | -€5,011 | -19.1% |
| Recurring financial charges | 65 | €26,283 | €21,273 | -€5,011 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €9,861 | €16,578 | +€6,718 | +68.1% |
| Income taxes | 67/77 | €2,436 | €4,165 | +€1,729 | +71.0% |
| Profit (loss) for the period | 9904 | €7,425 | €12,413 | +€4,989 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,425 | €12,413 | +€4,989 | +67.2% |
Next steps
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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.