STEELANDT MARC: what changed
What changed
STEELANDT MARC
NACE 45.211
filed annual accounts (NBB)
Net result for the year
€915
2024 · -€17,643+€18,558
Equity
€63,585
2024 · €62,671+€915
Cash
€47,172
2024 · €41,448+€5,725
Balance sheet total
€171,407
2024 · €198,861-€27,454
Largest movements
Assets
- Tangible fixed assets -€37,538
down €37,538 (-29.0%), from €129,404 to €91,866
of which Furniture and vehicles: -€28,646
- Cash +€5,725
up €5,725 (+13.8%), from €41,448 to €47,172
mainly Depreciation (+€37,538) and Trade debts (+€6,112)
- Deferred charges and accrued income +€4,910
up €4,910 (+127%), from €3,851 to €8,761
Equity and liabilities
- Debts after one year -€29,859
down €29,859 (-41.1%), from €72,563 to €42,704
- Other debts -€6,810
down €6,810 (-34.7%), from €19,619 to €12,809
- Trade debts +€6,112
up €6,112 (+55.7%), from €10,964 to €17,076
Income statement
- Gross operating margin +€17,355
up €17,355 (+55.0%), from €31,552 to €48,907
- Other operating charges -€1,015
down €1,015 (-35.7%), from €2,845 to €1,830
- Financial charges -€504
down €504 (-5.9%), from €8,599 to €8,096
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.
Result 2024
-€17,643
Gross operating margin
+€17,355
Depreciation
-€49
Other operating charges
+€1,015
Financial income
-€163
Financial charges
+€504
Taxes
-€104
Result 2025
€915
raises the resultlowers the result
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.
From operations
+€34,268
Investment
€0
Financing
-€28,543
Cash 2024
€41,448
From operations (derived)
+€34,268
Net result for the year
+€915
Depreciation
+€37,538
Receivables within one year
+€551
Deferred charges and accrued income
-€4,910
Trade debts
+€6,112
Tax, wage and social debts
+€872
Other debts
-€6,810
Financing
-€28,543
Debts after one year
-€29,859
Current portion of long-term debt
+€1,316
Cash 2025
€47,172
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,861 | €171,407 | -€27,454 | -13.8% |
| Fixed assets | 21/28 | €129,404 | €91,866 | -€37,538 | -29.0% |
| Tangible fixed assets | 22/27 | €129,404 | €91,866 | -€37,538 | -29.0% |
| Land and buildings | 22 | €24,624 | €20,839 | -€3,785 | -15.4% |
| Plant, machinery and equipment | 23 | €11,022 | €6,716 | -€4,306 | -39.1% |
| Furniture and vehicles | 24 | €88,324 | €59,678 | -€28,646 | -32.4% |
| Other tangible fixed assets | 26 | €5,434 | €4,633 | -€801 | -14.7% |
| Current assets | 29/58 | €69,458 | €79,542 | +€10,084 | +14.5% |
| Amounts receivable within one year | 40/41 | €24,159 | €23,608 | -€551 | -2.3% |
| Trade receivables | 40 | €18,118 | €18,679 | +€561 | +3.1% |
| Other amounts receivable | 41 | €6,040 | €4,929 | -€1,112 | -18.4% |
| Cash at bank and in hand | 54/58 | €41,448 | €47,172 | +€5,725 | +13.8% |
| Deferred charges and accrued income | 490/1 | €3,851 | €8,761 | +€4,910 | +127% |
| Total equity and liabilities | 10/49 | €198,861 | €171,407 | -€27,454 | -13.8% |
| Equity | 10/15 | €62,671 | €63,585 | +€915 | +1.5% |
| Contributions | 10/11 | €10,700 | €10,700 | = | 0.0% |
| Reserves | 13 | €85,650 | €85,650 | = | 0.0% |
| Distributable reserves | 133 | €85,650 | €85,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,679 | -€32,765 | +€915 | +2.7% |
| Amounts payable | 17/49 | €136,191 | €107,822 | -€28,368 | -20.8% |
| Amounts payable after more than one year | 17 | €72,563 | €42,704 | -€29,859 | -41.1% |
| Financial debts | 170/4 | €72,563 | €42,704 | -€29,859 | -41.1% |
| Amounts payable within one year | 42/48 | €63,627 | €65,118 | +€1,490 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €28,543 | €29,859 | +€1,316 | +4.6% |
| Trade debts | 44 | €10,964 | €17,076 | +€6,112 | +55.7% |
| Suppliers | 440/4 | €10,964 | €17,076 | +€6,112 | +55.7% |
| Taxes, remuneration and social security | 45 | €4,501 | €5,374 | +€872 | +19.4% |
| Taxes | 450/3 | €4,501 | €5,374 | +€872 | +19.4% |
| Other amounts payable | 47/48 | €19,619 | €12,809 | -€6,810 | -34.7% |
| Non-recurring operating income | 76A | €12,169 | €0 | -€12,169 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,489 | €37,538 | +€49 | +0.1% |
| Other operating charges | 640/8 | €2,845 | €1,830 | -€1,015 | -35.7% |
| Non-recurring operating charges | 66A | €53 | €53 | = | 0.0% |
| Gross operating margin | 9900 | €31,552 | €48,907 | +€17,355 | +55.0% |
| Operating profit (loss) | 9901 | -€8,835 | €9,486 | +€18,321 | |
| Financial income | 75/76B | €421 | €258 | -€163 | -38.7% |
| Recurring financial income | 75 | €421 | €258 | -€163 | -38.7% |
| Financial charges | 65/66B | €8,599 | €8,096 | -€504 | -5.9% |
| Recurring financial charges | 65 | €8,599 | €8,096 | -€504 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,013 | €1,648 | +€18,662 | |
| Income taxes | 67/77 | €630 | €734 | +€104 | +16.5% |
| Profit (loss) for the period | 9904 | -€17,643 | €915 | +€18,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,643 | €915 | +€18,558 |
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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 1 November 2026 via checked.be.