STEELAND PROJECTS: 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.
STEELAND PROJECTS
Largest movements
- Current investments -€47,120
down €47,120 (-6.1%), from €773,512 to €726,392
- Tax, wage and social debts -€56,881
down €56,881 (-100.0%), from €56,881 to €0
- Profit (loss) carried forward +€9,799
up €9,799 (+30.7%), from -€31,923 to -€22,124
- Provisions +€11,237
up €11,237 (+85.7%), from -€13,118 to -€1,882
- Financial income -€7,968
down €7,968 (-30.8%), from €25,907 to €17,939
- Gross operating margin +€4,827
up €4,827 (+46.7%), from -€10,325 to -€5,498
- Taxes -€3,623
down €3,623 (-52.7%), from €6,870 to €3,246
- Other operating charges -€467
down €467 (-29.3%), from €1,594 to €1,126
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 | €791,871 | €739,204 | -€52,667 | -6.7% |
| Current assets | 29/58 | €791,871 | €739,204 | -€52,667 | -6.7% |
| Amounts receivable within one year | 40/41 | €1,955 | €3,074 | +€1,119 | +57.2% |
| Trade receivables | 40 | €1,053 | €0 | -€1,053 | -100.0% |
| Other amounts receivable | 41 | €902 | €3,074 | +€2,171 | +240.7% |
| Current investments | 50/53 | €773,512 | €726,392 | -€47,120 | -6.1% |
| Cash at bank and in hand | 54/58 | €5,687 | €1,981 | -€3,707 | -65.2% |
| Deferred charges and accrued income | 490/1 | €10,718 | €7,758 | -€2,959 | -27.6% |
| Total equity and liabilities | 10/49 | €791,871 | €739,204 | -€52,667 | -6.7% |
| Equity | 10/15 | €717,411 | €727,210 | +€9,799 | +1.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €649,334 | €649,334 | = | 0.0% |
| Distributable reserves | 133 | €649,334 | €649,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,923 | -€22,124 | +€9,799 | +30.7% |
| Provisions and deferred taxes | 16 | €1,882 | €0 | -€1,882 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €1,882 | €0 | -€1,882 | -100.0% |
| Major repairs and maintenance | 162 | €1,882 | €0 | -€1,882 | -100.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €72,578 | €11,995 | -€60,584 | -83.5% |
| Amounts payable within one year | 42/48 | €72,578 | €11,995 | -€60,584 | -83.5% |
| Trade debts | 44 | €9,624 | €5,784 | -€3,840 | -39.9% |
| Suppliers | 440/4 | €9,624 | €5,784 | -€3,840 | -39.9% |
| Taxes, remuneration and social security | 45 | €56,881 | €0 | -€56,881 | -100.0% |
| Taxes | 450/3 | €56,881 | €0 | -€56,881 | -100.0% |
| Other amounts payable | 47/48 | €6,074 | €6,211 | +€137 | +2.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,118 | -€1,882 | +€11,237 | +85.7% |
| Other operating charges | 640/8 | €1,594 | €1,126 | -€467 | -29.3% |
| Non-recurring operating charges | 66A | €52,033 | €0 | -€52,033 | -100.0% |
| Gross operating margin | 9900 | -€10,325 | -€5,498 | +€4,827 | +46.7% |
| Operating profit (loss) | 9901 | -€50,833 | -€4,743 | +€46,090 | +90.7% |
| Financial income | 75/76B | €25,907 | €17,939 | -€7,968 | -30.8% |
| Recurring financial income | 75 | €25,907 | €17,939 | -€7,968 | -30.8% |
| Financial charges | 65/66B | €127 | €150 | +€23 | +18.1% |
| Recurring financial charges | 65 | €127 | €150 | +€23 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,054 | €13,045 | +€38,099 | |
| Income taxes | 67/77 | €6,870 | €3,246 | -€3,623 | -52.7% |
| Profit (loss) for the period | 9904 | -€31,923 | €9,799 | +€41,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,923 | €9,799 | +€41,722 |
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 12 October 2026 via checked.be.