STEEL DESIGN: 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.
STEEL DESIGN
Largest movements
- Tangible fixed assets +€20,682
new in 2025: €20,682
of which Furniture and vehicles: +€18,621
- Receivables within one year +€4,795
new in 2025: €4,795
of which Trade receivables: +€3,725
- Cash +€3,615
up €3,615 (+121%), from €3,000 to €6,615
mainly Debts after one year (+€12,518) and Depreciation (+€7,261)
- Deferred charges and accrued income +€1,862
new in 2025: €1,862
- Debts after one year +€12,518
new in 2025: €12,518
- Other debts +€6,455
new in 2025: €6,455
- Current portion of long-term debt +€3,756
new in 2025: €3,756
- Profit (loss) carried forward +€3,106
up €3,106, from -€1 to €3,106
- Tax, wage and social debts +€2,279
new in 2025: €2,279
- Gross operating margin +€15,370
new in 2025: €15,370
- Depreciation +€7,261
up €7,261 (+1,230,620%), from €1 to €7,261
- Taxes +€2,279
new in 2025: €2,279
- Other operating charges +€2,069
new in 2025: €2,069
- Financial charges +€667
new in 2025: €667
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 | €3,859 | €34,598 | +€30,739 | +797% |
| Formation expenses | 20 | €859 | €644 | -€215 | -25.0% |
| Fixed assets | 21/28 | - | €20,682 | +€20,682 | |
| Tangible fixed assets | 22/27 | - | €20,682 | +€20,682 | |
| Plant, machinery and equipment | 23 | - | €2,061 | +€2,061 | |
| Furniture and vehicles | 24 | - | €18,621 | +€18,621 | |
| Current assets | 29/58 | €3,000 | €13,272 | +€10,272 | +342% |
| Amounts receivable within one year | 40/41 | - | €4,795 | +€4,795 | |
| Trade receivables | 40 | - | €3,725 | +€3,725 | |
| Other amounts receivable | 41 | - | €1,070 | +€1,070 | |
| Cash at bank and in hand | 54/58 | €3,000 | €6,615 | +€3,615 | +121% |
| Deferred charges and accrued income | 490/1 | - | €1,862 | +€1,862 | |
| Total equity and liabilities | 10/49 | €3,859 | €34,598 | +€30,739 | +797% |
| Equity | 10/15 | €2,999 | €6,106 | +€3,106 | +104% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1 | €3,106 | +€3,106 | |
| Amounts payable | 17/49 | €859 | €28,492 | +€27,633 | +3,216% |
| Amounts payable after more than one year | 17 | - | €12,518 | +€12,518 | |
| Financial debts | 170/4 | - | €12,518 | +€12,518 | |
| Amounts payable within one year | 42/48 | €859 | €15,973 | +€15,114 | +1,759% |
| Current portion of amounts payable after more than one year | 42 | - | €3,756 | +€3,756 | |
| Trade debts | 44 | €859 | €2,449 | +€1,590 | +185% |
| Suppliers | 440/4 | €859 | €2,449 | +€1,590 | +185% |
| Advances received on contracts in progress | 46 | - | €1,035 | +€1,035 | |
| Taxes, remuneration and social security | 45 | - | €2,279 | +€2,279 | |
| Taxes | 450/3 | - | €2,279 | +€2,279 | |
| Other amounts payable | 47/48 | - | €6,455 | +€6,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €7,261 | +€7,261 | +1,230,620% |
| Other operating charges | 640/8 | - | €2,069 | +€2,069 | |
| Gross operating margin | 9900 | - | €15,370 | +€15,370 | |
| Operating profit (loss) | 9901 | -€1 | €6,040 | +€6,041 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | - | €667 | +€667 | |
| Recurring financial charges | 65 | - | €667 | +€667 | |
| Profit (loss) for the period before taxes | 9903 | -€1 | €5,385 | +€5,386 | |
| Income taxes | 67/77 | - | €2,279 | +€2,279 | |
| Profit (loss) for the period | 9904 | -€1 | €3,106 | +€3,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1 | €3,106 | +€3,107 |
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.