MY STEEL: 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.
MY STEEL
Largest movements
- Receivables within one year +€124,891
up €124,891 (+55.8%), from €223,706 to €348,597
of which Trade receivables: +€119,415
- Tangible fixed assets +€47,440
up €47,440 (+28.3%), from €167,770 to €215,210
of which Plant, machinery and equipment: +€58,911
- Stocks and contracts +€11,614
up €11,614 (+6.9%), from €168,720 to €180,334
- Trade debts +€128,657
up €128,657 (+72.6%), from €177,104 to €305,761
- Advances received +€32,303
up €32,303 (+381%), from €8,488 to €40,791
- Other debts +€27,514
up €27,514 (+209%), from €13,195 to €40,709
- Tax, wage and social debts -€21,218
down €21,218 (-42.0%), from €50,514 to €29,296
of which Taxes: -€23,012
- Gross operating margin +€33,536
up €33,536 (+13.5%), from €247,980 to €281,516
- Staff costs +€15,832
up €15,832 (+9.6%), from €164,311 to €180,143
- Other operating charges +€7,168
up €7,168 (+467%), from €1,534 to €8,702
- Financial income +€5,995
up €5,995 (+2,089%), from €287 to €6,282
- Depreciation +€5,834
up €5,834 (+8.8%), from €66,426 to €72,260
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 | €577,494 | €755,893 | +€178,398 | +30.9% |
| Formation expenses | 20 | €720 | - | -€720 | |
| Fixed assets | 21/28 | €168,409 | €215,210 | +€46,801 | +27.8% |
| Intangible fixed assets | 21 | €639 | - | -€639 | |
| Tangible fixed assets | 22/27 | €167,770 | €215,210 | +€47,440 | +28.3% |
| Land and buildings | 22 | - | €4,022 | +€4,022 | |
| Plant, machinery and equipment | 23 | €67,245 | €126,156 | +€58,911 | +87.6% |
| Furniture and vehicles | 24 | €33,904 | €45,796 | +€11,892 | +35.1% |
| Leasing and similar rights | 25 | €66,621 | €39,236 | -€27,385 | -41.1% |
| Current assets | 29/58 | €408,366 | €540,683 | +€132,317 | +32.4% |
| Stocks and contracts in progress | 3 | €168,720 | €180,334 | +€11,614 | +6.9% |
| Stocks | 30/36 | €168,720 | €180,334 | +€11,614 | +6.9% |
| Amounts receivable within one year | 40/41 | €223,706 | €348,597 | +€124,891 | +55.8% |
| Trade receivables | 40 | €223,706 | €343,121 | +€119,415 | +53.4% |
| Other amounts receivable | 41 | - | €5,476 | +€5,476 | |
| Cash at bank and in hand | 54/58 | €8,401 | €9,540 | +€1,140 | +13.6% |
| Deferred charges and accrued income | 490/1 | €7,539 | €2,211 | -€5,328 | -70.7% |
| Total equity and liabilities | 10/49 | €577,494 | €755,893 | +€178,398 | +30.9% |
| Equity | 10/15 | €138,075 | €145,466 | +€7,391 | +5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €118,075 | €125,466 | +€7,391 | +6.3% |
| Distributable reserves | 133 | €118,075 | €125,466 | +€7,391 | +6.3% |
| Amounts payable | 17/49 | €439,420 | €610,426 | +€171,007 | +38.9% |
| Amounts payable after more than one year | 17 | €86,216 | €84,722 | -€1,494 | -1.7% |
| Financial debts | 170/4 | €86,216 | €84,722 | -€1,494 | -1.7% |
| Amounts payable within one year | 42/48 | €351,611 | €524,787 | +€173,176 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €52,043 | €58,106 | +€6,063 | +11.6% |
| Financial debts | 43 | €50,267 | €50,124 | -€143 | -0.3% |
| Credit institutions | 430/8 | €50,267 | €50,124 | -€143 | -0.3% |
| Trade debts | 44 | €177,104 | €305,761 | +€128,657 | +72.6% |
| Suppliers | 440/4 | €177,104 | €305,761 | +€128,657 | +72.6% |
| Advances received on contracts in progress | 46 | €8,488 | €40,791 | +€32,303 | +381% |
| Taxes, remuneration and social security | 45 | €50,514 | €29,296 | -€21,218 | -42.0% |
| Taxes | 450/3 | €27,936 | €4,923 | -€23,012 | -82.4% |
| Remuneration and social security | 454/9 | €22,578 | €24,373 | +€1,795 | +7.9% |
| Other amounts payable | 47/48 | €13,195 | €40,709 | +€27,514 | +209% |
| Accrued charges and deferred income | 492/3 | €1,593 | €918 | -€675 | -42.4% |
| Non-recurring operating income | 76A | €8,059 | €31,733 | +€23,674 | +294% |
| Remuneration, social security and pensions | 62 | €164,311 | €180,143 | +€15,832 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,426 | €72,260 | +€5,834 | +8.8% |
| Other operating charges | 640/8 | €1,534 | €8,702 | +€7,168 | +467% |
| Non-recurring operating charges | 66A | - | €378 | +€378 | |
| Gross operating margin | 9900 | €247,980 | €281,516 | +€33,536 | +13.5% |
| Operating profit (loss) | 9901 | €15,709 | €20,034 | +€4,324 | +27.5% |
| Financial income | 75/76B | €287 | €6,282 | +€5,995 | +2,089% |
| Recurring financial income | 75 | €287 | €6,282 | +€5,995 | +2,089% |
| Financial charges | 65/66B | €12,456 | €14,077 | +€1,622 | +13.0% |
| Recurring financial charges | 65 | €12,456 | €14,077 | +€1,622 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €3,541 | €12,238 | +€8,698 | +246% |
| Income taxes | 67/77 | €647 | €4,847 | +€4,200 | +649% |
| Profit (loss) for the period | 9904 | €2,894 | €7,391 | +€4,498 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €2,894 | €7,391 | +€4,498 | +155% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.