STEELAND CONSULT: what changed
Two fiscal 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.
STEELAND CONSULT
Largest movements
- Cash +€343,880
up €343,880 (+317.1%), from €108,430 to €452,309
mainly Investment in fixed assets (net) (+€108,063) and Net result for the year (+€102,422)
- Financial fixed assets -€108,063
down €108,063 (-86.8%), from €124,479 to €16,416
- Current investments -€92,901
down €92,901 (-30.2%), from €307,695 to €214,794
- Receivables within one year -€28,215
down €28,215 (-50.2%), from €56,149 to €27,935
of which Trade receivables: -€29,537
- Tangible fixed assets -€16,089
down €16,089 (-24.7%), from €65,057 to €48,968
of which Furniture and vehicles: -€15,464
- Other debts +€74,449
up €74,449 (+63.0%), from €118,137 to €192,586
- Reserves +€27,294
up €27,294 (+6.8%), from €398,625 to €425,919
- Profit (loss) carried forward -€10,000
down €10,000 (-11.8%), from €84,498 to €74,498
- Gross operating margin -€55,287
down €55,287 (-34.1%), from €162,092 to €106,805
- Financial income +€35,865
up €35,865 (+288.7%), from €12,422 to €48,286
- Taxes -€16,959
down €16,959 (-38.9%), from €43,587 to €26,628
- Financial charges +€6,932
up €6,932 (+310.7%), from €2,231 to €9,163
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.
Cash bridge derived
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 | €663,818 | €763,728 | +€99,910 | +15.1% |
| Fixed assets | 21/28 | €189,535 | €65,384 | -€124,152 | -65.5% |
| Tangible fixed assets | 22/27 | €65,057 | €48,968 | -€16,089 | -24.7% |
| Land and buildings | 22 | €5,750 | €5,125 | -€625 | -10.9% |
| Furniture and vehicles | 24 | €59,307 | €43,842 | -€15,464 | -26.1% |
| Financial fixed assets | 28 | €124,479 | €16,416 | -€108,063 | -86.8% |
| Current assets | 29/58 | €474,282 | €698,344 | +€224,062 | +47.2% |
| Amounts receivable within one year | 40/41 | €56,149 | €27,935 | -€28,215 | -50.2% |
| Trade receivables | 40 | €56,149 | €26,613 | -€29,537 | -52.6% |
| Other amounts receivable | 41 | - | €1,322 | +€1,322 | |
| Current investments | 50/53 | €307,695 | €214,794 | -€92,901 | -30.2% |
| Cash at bank and in hand | 54/58 | €108,430 | €452,309 | +€343,880 | +317.1% |
| Deferred charges and accrued income | 490/1 | €2,008 | €3,306 | +€1,298 | +64.6% |
| Total equity and liabilities | 10/49 | €663,818 | €763,728 | +€99,910 | +15.1% |
| Equity | 10/15 | €522,123 | €539,417 | +€17,294 | +3.3% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €398,625 | €425,919 | +€27,294 | +6.8% |
| Distributable reserves | 133 | €398,625 | €425,919 | +€27,294 | +6.8% |
| Profit (loss) carried forward | 14 | €84,498 | €74,498 | -€10,000 | -11.8% |
| Amounts payable | 17/49 | €141,694 | €224,311 | +€82,616 | +58.3% |
| Amounts payable within one year | 42/48 | €139,702 | €217,928 | +€78,225 | +56.0% |
| Trade debts | 44 | €2,201 | €3,335 | +€1,135 | +51.5% |
| Suppliers | 440/4 | €2,201 | €3,335 | +€1,135 | +51.5% |
| Taxes, remuneration and social security | 45 | €19,364 | €22,006 | +€2,642 | +13.6% |
| Taxes | 450/3 | €19,364 | €22,006 | +€2,642 | +13.6% |
| Other amounts payable | 47/48 | €118,137 | €192,586 | +€74,449 | +63.0% |
| Accrued charges and deferred income | 492/3 | €1,992 | €6,383 | +€4,391 | +220.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,612 | €16,089 | -€523 | -3.1% |
| Other operating charges | 640/8 | €815 | €789 | -€26 | -3.2% |
| Gross operating margin | 9900 | €162,092 | €106,805 | -€55,287 | -34.1% |
| Operating profit (loss) | 9901 | €144,665 | €89,927 | -€54,738 | -37.8% |
| Financial income | 75/76B | €12,422 | €48,286 | +€35,865 | +288.7% |
| Recurring financial income | 75 | €12,422 | €48,286 | +€35,865 | +288.7% |
| Financial charges | 65/66B | €2,231 | €9,163 | +€6,932 | +310.7% |
| Recurring financial charges | 65 | €2,231 | €9,163 | +€6,932 | +310.7% |
| Profit (loss) for the period before taxes | 9903 | €154,855 | €129,050 | -€25,805 | -16.7% |
| Income taxes | 67/77 | €43,587 | €26,628 | -€16,959 | -38.9% |
| Profit (loss) for the period | 9904 | €111,269 | €102,422 | -€8,846 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,269 | €102,422 | -€8,846 | -8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.