S-TEEL Technics: 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.
S-TEEL Technics
Largest movements
- Receivables within one year -€19,447
down €19,447 (-42.0%), from €46,308 to €26,861
of which Trade receivables: -€18,622
- Cash -€9,678
down €9,678 (-4.9%), from €196,456 to €186,779
mainly Other debts (-€27,496) and Accrued charges and deferred income (-€13,879)
- Tangible fixed assets -€6,992
down €6,992 (-33.1%), from €21,128 to €14,137
- Other debts -€27,496
down €27,496 (-73.8%), from €37,267 to €9,771
- Accrued charges and deferred income -€13,879
down €13,879 (-52.8%), from €26,303 to €12,424
- Debts after one year -€6,811
down €6,811 (-40.9%), from €16,648 to €9,837
- Trade debts +€6,548
up €6,548 (+158%), from €4,155 to €10,703
- Tax, wage and social debts +€3,178
up €3,178 (+2,228%), from €143 to €3,321
- Gross operating margin +€29,668
up €29,668, from -€6,911 to €22,756
- Other operating charges +€4,993
up €4,993 (+447%), from €1,116 to €6,108
- Taxes +€2,587
up €2,587 (+353%), from €734 to €3,321
- Financial charges -€1,458
down €1,458 (-28.9%), from €5,040 to €3,582
- Financial income -€246
down €246 (-77.6%), from €317 to €71
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 | €270,763 | €235,407 | -€35,356 | -13.1% |
| Fixed assets | 21/28 | €21,128 | €14,137 | -€6,992 | -33.1% |
| Tangible fixed assets | 22/27 | €21,128 | €14,137 | -€6,992 | -33.1% |
| Leasing and similar rights | 25 | €21,128 | €14,137 | -€6,992 | -33.1% |
| Current assets | 29/58 | €249,634 | €221,270 | -€28,364 | -11.4% |
| Stocks and contracts in progress | 3 | €5,763 | €6,583 | +€820 | +14.2% |
| Stocks | 30/36 | €5,763 | €6,583 | +€820 | +14.2% |
| Amounts receivable within one year | 40/41 | €46,308 | €26,861 | -€19,447 | -42.0% |
| Trade receivables | 40 | €44,606 | €25,984 | -€18,622 | -41.7% |
| Other amounts receivable | 41 | €1,702 | €878 | -€824 | -48.4% |
| Cash at bank and in hand | 54/58 | €196,456 | €186,779 | -€9,678 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,107 | €1,047 | -€60 | -5.4% |
| Total equity and liabilities | 10/49 | €270,763 | €235,407 | -€35,356 | -13.1% |
| Equity | 10/15 | €180,228 | €183,052 | +€2,824 | +1.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €117,728 | €120,552 | +€2,824 | +2.4% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €111,478 | €114,302 | +€2,824 | +2.5% |
| Amounts payable | 17/49 | €90,535 | €52,355 | -€38,180 | -42.2% |
| Amounts payable after more than one year | 17 | €16,648 | €9,837 | -€6,811 | -40.9% |
| Financial debts | 170/4 | €16,648 | €9,837 | -€6,811 | -40.9% |
| Amounts payable within one year | 42/48 | €47,584 | €30,094 | -€17,490 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €6,019 | €6,298 | +€279 | +4.6% |
| Trade debts | 44 | €4,155 | €10,703 | +€6,548 | +158% |
| Suppliers | 440/4 | €4,155 | €10,703 | +€6,548 | +158% |
| Taxes, remuneration and social security | 45 | €143 | €3,321 | +€3,178 | +2,228% |
| Taxes | 450/3 | €143 | €3,321 | +€3,178 | +2,228% |
| Other amounts payable | 47/48 | €37,267 | €9,771 | -€27,496 | -73.8% |
| Accrued charges and deferred income | 492/3 | €26,303 | €12,424 | -€13,879 | -52.8% |
| Non-recurring operating income | 76A | €831 | €4,317 | +€3,485 | +419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,839 | €6,992 | +€153 | +2.2% |
| Other operating charges | 640/8 | €1,116 | €6,108 | +€4,993 | +447% |
| Gross operating margin | 9900 | -€6,911 | €22,756 | +€29,668 | |
| Operating profit (loss) | 9901 | -€14,866 | €9,656 | +€24,522 | |
| Financial income | 75/76B | €317 | €71 | -€246 | -77.6% |
| Recurring financial income | 75 | €317 | €71 | -€246 | -77.6% |
| Financial charges | 65/66B | €5,040 | €3,582 | -€1,458 | -28.9% |
| Recurring financial charges | 65 | €5,040 | €3,582 | -€1,458 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,589 | €6,145 | +€25,734 | |
| Income taxes | 67/77 | €734 | €3,321 | +€2,587 | +353% |
| Profit (loss) for the period | 9904 | -€20,322 | €2,824 | +€23,147 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,322 | €2,824 | +€23,147 |
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 15 October 2026 via checked.be.