STEELANDT SPC: 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.
STEELANDT SPC
Largest movements
- Current investments +€128,929
up €128,929 (+52.4%), from €245,983 to €374,912
- Cash -€85,271
down €85,271 (-31.3%), from €272,655 to €187,384
mainly Current investments (-€128,929) and Contributions, distributions and other (-€67,869)
- Tangible fixed assets +€20,840
up €20,840 (+50.8%), from €41,043 to €61,883
of which Furniture and vehicles: +€21,230
- Receivables within one year -€15,672
down €15,672 (-35.0%), from €44,818 to €29,146
of which Trade receivables: -€15,672
- Reserves +€51,984
up €51,984 (+10.3%), from €503,216 to €555,200
- Gross operating margin +€36,353
up €36,353 (+26.9%), from €134,929 to €171,282
- Taxes +€8,575
up €8,575 (+23.4%), from €36,652 to €45,227
- Financial income +€4,297
up €4,297 (+61.4%), from €6,996 to €11,293
- Depreciation +€1,817
up €1,817 (+11.0%), from €16,524 to €18,341
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 | €604,499 | €653,325 | +€48,826 | +8.1% |
| Fixed assets | 21/28 | €41,043 | €61,883 | +€20,840 | +50.8% |
| Tangible fixed assets | 22/27 | €41,043 | €61,883 | +€20,840 | +50.8% |
| Plant, machinery and equipment | 23 | €390 | €0 | -€390 | -100.0% |
| Furniture and vehicles | 24 | €40,654 | €61,883 | +€21,230 | +52.2% |
| Current assets | 29/58 | €563,456 | €591,442 | +€27,986 | +5.0% |
| Amounts receivable within one year | 40/41 | €44,818 | €29,146 | -€15,672 | -35.0% |
| Trade receivables | 40 | €44,783 | €29,111 | -€15,672 | -35.0% |
| Other amounts receivable | 41 | €34 | €34 | = | 0.0% |
| Current investments | 50/53 | €245,983 | €374,912 | +€128,929 | +52.4% |
| Cash at bank and in hand | 54/58 | €272,655 | €187,384 | -€85,271 | -31.3% |
| Total equity and liabilities | 10/49 | €604,499 | €653,325 | +€48,826 | +8.1% |
| Equity | 10/15 | €576,192 | €626,458 | +€50,266 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €503,216 | €555,200 | +€51,984 | +10.3% |
| Distributable reserves | 133 | €503,216 | €555,200 | +€51,984 | +10.3% |
| Profit (loss) carried forward | 14 | €66,776 | €65,058 | -€1,718 | -2.6% |
| Amounts payable | 17/49 | €28,307 | €26,867 | -€1,440 | -5.1% |
| Amounts payable within one year | 42/48 | €28,307 | €26,867 | -€1,440 | -5.1% |
| Trade debts | 44 | €1,991 | €991 | -€1,000 | -50.2% |
| Suppliers | 440/4 | €1,991 | €991 | -€1,000 | -50.2% |
| Taxes, remuneration and social security | 45 | €18,719 | €13,074 | -€5,646 | -30.2% |
| Taxes | 450/3 | €15,629 | €11,280 | -€4,348 | -27.8% |
| Remuneration and social security | 454/9 | €3,090 | €1,793 | -€1,297 | -42.0% |
| Other amounts payable | 47/48 | €7,596 | €12,803 | +€5,206 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,524 | €18,341 | +€1,817 | +11.0% |
| Other operating charges | 640/8 | €563 | €447 | -€115 | -20.5% |
| Gross operating margin | 9900 | €134,929 | €171,282 | +€36,353 | +26.9% |
| Operating profit (loss) | 9901 | €117,843 | €152,494 | +€34,651 | +29.4% |
| Financial income | 75/76B | €6,996 | €11,293 | +€4,297 | +61.4% |
| Recurring financial income | 75 | €6,996 | €11,293 | +€4,297 | +61.4% |
| Financial charges | 65/66B | €221 | €426 | +€205 | +92.9% |
| Recurring financial charges | 65 | €221 | €426 | +€205 | +92.9% |
| Profit (loss) for the period before taxes | 9903 | €124,619 | €163,361 | +€38,743 | +31.1% |
| Income taxes | 67/77 | €36,652 | €45,227 | +€8,575 | +23.4% |
| Profit (loss) for the period | 9904 | €87,967 | €118,135 | +€30,168 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,967 | €118,135 | +€30,168 | +34.3% |
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 9 October 2026 via checked.be.