STEEL SYSTEMS: what changed
STEEL SYSTEMS
Largest movements
- Receivables within one year +€15,355
up €15,355 (+16.7%), from €91,819 to €107,174
of which Trade receivables: +€10,268
- Cash +€7,994
up €7,994 (+219%), from €3,648 to €11,642
mainly Net result for the year (+€23,365) and Tax, wage and social debts (+€6,387)
- Deferred charges and accrued income -€1,815
down €1,815 (-39.2%), from €4,625 to €2,810
- Profit (loss) carried forward +€23,365
up €23,365 (+44.0%), from €53,053 to €76,418
- Trade debts -€9,365
down €9,365 (-42.6%), from €21,960 to €12,595
- Tax, wage and social debts +€6,387
up €6,387 (+27.5%), from €23,226 to €29,613
of which Taxes: +€5,649
- Turnover +€188,682
up €188,682 (+27.9%), from €677,169 to €865,851
- Purchases and services +€166,915
up €166,915 (+25.2%), from €661,652 to €828,567
- Gross operating margin +€24,018
up €24,018 (+95.3%), from €25,200 to €49,218
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,239 | €121,626 | +€20,387 | +20.1% |
| Fixed assets | 21/28 | €1,147 | - | -€1,147 | |
| Tangible fixed assets | 22/27 | €1,147 | - | -€1,147 | |
| Plant, machinery and equipment | 23 | €1,147 | - | -€1,147 | |
| Current assets | 29/58 | €100,092 | €121,626 | +€21,534 | +21.5% |
| Amounts receivable within one year | 40/41 | €91,819 | €107,174 | +€15,355 | +16.7% |
| Trade receivables | 40 | €30,363 | €40,631 | +€10,268 | +33.8% |
| Other amounts receivable | 41 | €61,456 | €66,542 | +€5,086 | +8.3% |
| Cash at bank and in hand | 54/58 | €3,648 | €11,642 | +€7,994 | +219% |
| Deferred charges and accrued income | 490/1 | €4,625 | €2,810 | -€1,815 | -39.2% |
| Total equity and liabilities | 10/49 | €101,239 | €121,626 | +€20,387 | +20.1% |
| Equity | 10/15 | €56,053 | €79,418 | +€23,365 | +41.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,053 | €76,418 | +€23,365 | +44.0% |
| Amounts payable | 17/49 | €45,186 | €42,208 | -€2,978 | -6.6% |
| Amounts payable within one year | 42/48 | €45,186 | €42,208 | -€2,978 | -6.6% |
| Trade debts | 44 | €21,960 | €12,595 | -€9,365 | -42.6% |
| Suppliers | 440/4 | €21,960 | €12,595 | -€9,365 | -42.6% |
| Taxes, remuneration and social security | 45 | €23,226 | €29,613 | +€6,387 | +27.5% |
| Taxes | 450/3 | €18,214 | €23,863 | +€5,649 | +31.0% |
| Remuneration and social security | 454/9 | €5,012 | €5,750 | +€738 | +14.7% |
| Turnover | 70 | €677,169 | €865,851 | +€188,682 | +27.9% |
| Non-recurring operating income | 76A | €9,684 | €11,934 | +€2,251 | +23.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €661,652 | €828,567 | +€166,915 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €1,147 | -€509 | -30.7% |
| Other operating charges | 640/8 | €4,492 | €4,212 | -€281 | -6.2% |
| Gross operating margin | 9900 | €25,200 | €49,218 | +€24,018 | +95.3% |
| Operating profit (loss) | 9901 | €19,052 | €43,860 | +€24,807 | +130% |
| Financial income | 75/76B | €0 | €11 | +€11 | +8,708% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +8,708% |
| Financial charges | 65/66B | €2,452 | €4,473 | +€2,021 | +82.4% |
| Recurring financial charges | 65 | €2,452 | €4,473 | +€2,021 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | €16,601 | €39,398 | +€22,798 | +137% |
| Income taxes | 67/77 | €7,831 | €16,033 | +€8,202 | +105% |
| Profit (loss) for the period | 9904 | €8,770 | €23,365 | +€14,595 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €8,770 | €23,365 | +€14,595 | +166% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.