Steeco: 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.
Steeco
Largest movements
- Receivables within one year +€334,018
up €334,018 (+2,069%), from €16,141 to €350,160
of which Trade receivables: +€332,439
- Stocks and contracts -€233,222
down €233,222 (-43.6%), from €534,895 to €301,673
- Current investments +€99,027
new in 2025: €99,027
- Cash +€48,785
up €48,785 (+338%), from €14,450 to €63,235
mainly Trade debts (+€325,680) and Stocks and contracts (+€233,222)
- Trade debts +€325,680
up €325,680 (+3,633%), from €8,965 to €334,645
- Other debts -€157,118
down €157,118 (-68.1%), from €230,849 to €73,731
- Reserves +€88,949
up €88,949 (+31.8%), from €279,533 to €368,482
of which Distributable reserves: +€88,949
- Tax, wage and social debts -€11,311
down €11,311 (-49.6%), from €22,804 to €11,493
- Gross operating margin +€52,895
up €52,895 (+61.3%), from €86,224 to €139,120
- Taxes +€15,982
up €15,982 (+71.2%), from €22,442 to €38,423
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 | €567,235 | €815,241 | +€248,006 | +43.7% |
| Fixed assets | 21/28 | €1,603 | €950 | -€653 | -40.7% |
| Tangible fixed assets | 22/27 | €1,603 | €950 | -€653 | -40.7% |
| Furniture and vehicles | 24 | €1,603 | €950 | -€653 | -40.7% |
| Current assets | 29/58 | €565,632 | €814,291 | +€248,659 | +44.0% |
| Stocks and contracts in progress | 3 | €534,895 | €301,673 | -€233,222 | -43.6% |
| Stocks | 30/36 | €534,895 | €301,673 | -€233,222 | -43.6% |
| Amounts receivable within one year | 40/41 | €16,141 | €350,160 | +€334,018 | +2,069% |
| Trade receivables | 40 | €16,141 | €348,580 | +€332,439 | +2,060% |
| Other amounts receivable | 41 | - | €1,580 | +€1,580 | |
| Current investments | 50/53 | - | €99,027 | +€99,027 | |
| Cash at bank and in hand | 54/58 | €14,450 | €63,235 | +€48,785 | +338% |
| Deferred charges and accrued income | 490/1 | €146 | €198 | +€51 | +34.9% |
| Total equity and liabilities | 10/49 | €567,235 | €815,241 | +€248,006 | +43.7% |
| Equity | 10/15 | €298,133 | €387,082 | +€88,949 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €279,533 | €368,482 | +€88,949 | +31.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €277,673 | €366,622 | +€88,949 | +32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €269,102 | €428,159 | +€159,057 | +59.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €262,619 | €419,870 | +€157,251 | +59.9% |
| Trade debts | 44 | €8,965 | €334,645 | +€325,680 | +3,633% |
| Suppliers | 440/4 | €8,965 | €334,645 | +€325,680 | +3,633% |
| Taxes, remuneration and social security | 45 | €22,804 | €11,493 | -€11,311 | -49.6% |
| Taxes | 450/3 | €22,804 | €11,493 | -€11,311 | -49.6% |
| Other amounts payable | 47/48 | €230,849 | €73,731 | -€157,118 | -68.1% |
| Accrued charges and deferred income | 492/3 | €6,483 | €8,289 | +€1,806 | +27.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €653 | +€101 | +18.3% |
| Other operating charges | 640/8 | €1,349 | €2,288 | +€939 | +69.6% |
| Gross operating margin | 9900 | €86,224 | €139,120 | +€52,895 | +61.3% |
| Operating profit (loss) | 9901 | €84,323 | €136,179 | +€51,855 | +61.5% |
| Financial income | 75/76B | €175 | €76 | -€99 | -56.3% |
| Recurring financial income | 75 | €175 | €76 | -€99 | -56.3% |
| Financial charges | 65/66B | €8,091 | €8,883 | +€792 | +9.8% |
| Recurring financial charges | 65 | €8,091 | €8,883 | +€792 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €76,407 | €127,372 | +€50,965 | +66.7% |
| Income taxes | 67/77 | €22,442 | €38,423 | +€15,982 | +71.2% |
| Profit (loss) for the period | 9904 | €53,966 | €88,949 | +€34,983 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,966 | €88,949 | +€34,983 | +64.8% |
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 15 October 2026 via checked.be.