STEEL 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.
STEEL TECHNICS
Largest movements
- Cash +€92,316
up €92,316 (+173%), from €53,405 to €145,721
mainly Debts after one year (+€179,270) and Net result for the year (+€136,445)
- Receivables within one year +€69,059
up €69,059 (+43.9%), from €157,397 to €226,456
of which Trade receivables: +€69,059
- Stocks and contracts +€28,779
up €28,779 (+4.5%), from €633,577 to €662,356
- Trade debts -€210,919
down €210,919 (-34.7%), from €608,430 to €397,511
- Debts after one year +€179,270
new in 2025: €179,270
- Reserves +€136,200
up €136,200 (+66.1%), from €205,960 to €342,160
of which Distributable reserves: +€136,200
- Tax, wage and social debts +€93,223
up €93,223 (+320%), from €29,150 to €122,373
of which Taxes: +€93,223
- Current portion of long-term debt -€18,060
down €18,060 (-36.1%), from €50,000 to €31,940
- Gross operating margin +€122,257
up €122,257 (+99.4%), from €122,994 to €245,251
- Taxes +€54,290
up €54,290 (+303%), from €17,940 to €72,230
- Write-downs -€12,321
down €12,321 (-61.6%), from €20,000 to €7,679
- Financial charges -€10,693
down €10,693 (-63.4%), from €16,860 to €6,167
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 | €908,986 | €1,092,742 | +€183,756 | +20.2% |
| Fixed assets | 21/28 | €64,607 | €58,208 | -€6,399 | -9.9% |
| Tangible fixed assets | 22/27 | €64,577 | €58,178 | -€6,399 | -9.9% |
| Plant, machinery and equipment | 23 | €21,686 | €19,311 | -€2,375 | -11.0% |
| Furniture and vehicles | 24 | €24,394 | €22,975 | -€1,419 | -5.8% |
| Other tangible fixed assets | 26 | €18,498 | €15,892 | -€2,605 | -14.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €844,379 | €1,034,534 | +€190,155 | +22.5% |
| Stocks and contracts in progress | 3 | €633,577 | €662,356 | +€28,779 | +4.5% |
| Stocks | 30/36 | €633,577 | €662,356 | +€28,779 | +4.5% |
| Amounts receivable within one year | 40/41 | €157,397 | €226,456 | +€69,059 | +43.9% |
| Trade receivables | 40 | €157,397 | €226,456 | +€69,059 | +43.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,405 | €145,721 | +€92,316 | +173% |
| Total equity and liabilities | 10/49 | €908,986 | €1,092,742 | +€183,756 | +20.2% |
| Equity | 10/15 | €219,057 | €355,502 | +€136,445 | +62.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €205,960 | €342,160 | +€136,200 | +66.1% |
| 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 | €204,100 | €340,300 | +€136,200 | +66.7% |
| Profit (loss) carried forward | 14 | €697 | €942 | +€245 | +35.1% |
| Amounts payable | 17/49 | €689,929 | €737,240 | +€47,311 | +6.9% |
| Amounts payable after more than one year | 17 | - | €179,270 | +€179,270 | |
| Financial debts | 170/4 | - | €179,270 | +€179,270 | |
| Amounts payable within one year | 42/48 | €689,929 | €557,970 | -€131,959 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €31,940 | -€18,060 | -36.1% |
| Trade debts | 44 | €608,430 | €397,511 | -€210,919 | -34.7% |
| Suppliers | 440/4 | €608,430 | €397,511 | -€210,919 | -34.7% |
| Taxes, remuneration and social security | 45 | €29,150 | €122,373 | +€93,223 | +320% |
| Taxes | 450/3 | €29,150 | €122,373 | +€93,223 | +320% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,348 | €6,146 | +€3,798 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,235 | €21,470 | -€765 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,000 | €7,679 | -€12,321 | -61.6% |
| Other operating charges | 640/8 | €1,801 | €1,465 | -€336 | -18.7% |
| Gross operating margin | 9900 | €122,994 | €245,251 | +€122,257 | +99.4% |
| Operating profit (loss) | 9901 | €78,959 | €214,638 | +€135,679 | +172% |
| Financial income | 75/76B | €38 | €205 | +€166 | +433% |
| Recurring financial income | 75 | €38 | €205 | +€166 | +433% |
| Financial charges | 65/66B | €16,860 | €6,167 | -€10,693 | -63.4% |
| Recurring financial charges | 65 | €16,860 | €6,167 | -€10,693 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €62,137 | €208,675 | +€146,538 | +236% |
| Income taxes | 67/77 | €17,940 | €72,230 | +€54,290 | +303% |
| Profit (loss) for the period | 9904 | €44,197 | €136,445 | +€92,247 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €44,197 | €136,445 | +€92,247 | +209% |
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 30 October 2026 via checked.be.