MEGASTEEL: 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.
MEGASTEEL
Largest movements
- Stocks and contracts +€376,979
up €376,979 (+17.6%), from €2.1m to €2.5m
- Receivables within one year +€375,904
up €375,904 (+25.0%), from €1.5m to €1.9m
of which Trade receivables: +€282,788
- Cash +€96,920
up €96,920 (+31.1%), from €311,399 to €408,319
mainly Trade debts (+€633,546) and Short-term financial debts (+€175,000)
- Trade debts +€633,546
up €633,546 (+39.4%), from €1.6m to €2.2m
- Short-term financial debts +€175,000
up €175,000 (+11.9%), from €1.5m to €1.7m
- Financial income +€19,378
up €19,378 (+32.6%), from €59,463 to €78,841
- Gross operating margin +€17,630
up €17,630 (+15.2%), from €115,827 to €133,458
- Taxes +€14,334
up €14,334 (+207%), from €6,938 to €21,272
- Financial charges -€8,449
down €8,449 (-7.3%), from €115,357 to €106,907
- Depreciation -€4,504
down €4,504 (-11.4%), from €39,580 to €35,076
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 | €4,609,332 | €5,429,843 | +€820,511 | +17.8% |
| Fixed assets | 21/28 | €645,759 | €617,041 | -€28,718 | -4.4% |
| Tangible fixed assets | 22/27 | €645,710 | €616,992 | -€28,718 | -4.4% |
| Land and buildings | 22 | €525,677 | €508,014 | -€17,662 | -3.4% |
| Furniture and vehicles | 24 | €6,753 | €9,104 | +€2,351 | +34.8% |
| Other tangible fixed assets | 26 | €113,280 | €99,873 | -€13,407 | -11.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,963,573 | €4,812,802 | +€849,228 | +21.4% |
| Stocks and contracts in progress | 3 | €2,144,690 | €2,521,669 | +€376,979 | +17.6% |
| Stocks | 30/36 | €2,144,690 | €2,521,669 | +€376,979 | +17.6% |
| Amounts receivable within one year | 40/41 | €1,502,357 | €1,878,262 | +€375,904 | +25.0% |
| Trade receivables | 40 | €1,370,279 | €1,653,067 | +€282,788 | +20.6% |
| Other amounts receivable | 41 | €132,079 | €225,195 | +€93,116 | +70.5% |
| Cash at bank and in hand | 54/58 | €311,399 | €408,319 | +€96,920 | +31.1% |
| Deferred charges and accrued income | 490/1 | €5,127 | €4,552 | -€575 | -11.2% |
| Total equity and liabilities | 10/49 | €4,609,332 | €5,429,843 | +€820,511 | +17.8% |
| Equity | 10/15 | €1,300,304 | €1,341,269 | +€40,966 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €241,188 | €283,820 | +€42,632 | +17.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €234,988 | €277,620 | +€42,632 | +18.1% |
| Profit (loss) carried forward | 14 | €997,116 | €995,450 | -€1,666 | -0.2% |
| Amounts payable | 17/49 | €3,309,028 | €4,088,574 | +€779,545 | +23.6% |
| Amounts payable after more than one year | 17 | €193,592 | €160,253 | -€33,339 | -17.2% |
| Financial debts | 170/4 | €193,592 | €160,253 | -€33,339 | -17.2% |
| Amounts payable within one year | 42/48 | €3,115,437 | €3,928,321 | +€812,884 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €32,341 | €33,339 | +€998 | +3.1% |
| Financial debts | 43 | €1,475,000 | €1,650,000 | +€175,000 | +11.9% |
| Credit institutions | 430/8 | €1,475,000 | €1,650,000 | +€175,000 | +11.9% |
| Trade debts | 44 | €1,606,497 | €2,240,044 | +€633,546 | +39.4% |
| Suppliers | 440/4 | €1,606,497 | €2,240,044 | +€633,546 | +39.4% |
| Taxes, remuneration and social security | 45 | €1,598 | €3,272 | +€1,674 | +105% |
| Taxes | 450/3 | €1,598 | €3,272 | +€1,674 | +105% |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,580 | €35,076 | -€4,504 | -11.4% |
| Other operating charges | 640/8 | €7,739 | €6,412 | -€1,327 | -17.2% |
| Gross operating margin | 9900 | €115,827 | €133,458 | +€17,630 | +15.2% |
| Operating profit (loss) | 9901 | €68,508 | €91,970 | +€23,462 | +34.2% |
| Financial income | 75/76B | €59,463 | €78,841 | +€19,378 | +32.6% |
| Recurring financial income | 75 | €59,463 | €78,841 | +€19,378 | +32.6% |
| Financial charges | 65/66B | €115,357 | €106,907 | -€8,449 | -7.3% |
| Recurring financial charges | 65 | €115,357 | €106,907 | -€8,449 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,615 | €63,904 | +€51,289 | +407% |
| Income taxes | 67/77 | €6,938 | €21,272 | +€14,334 | +207% |
| Profit (loss) for the period | 9904 | €5,676 | €42,632 | +€36,955 | +651% |
| Profit (loss) for the period to be appropriated | 9905 | €5,676 | €42,632 | +€36,955 | +651% |
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 28 October 2026 via checked.be.