SteelB: 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.
SteelB
Largest movements
- Tangible fixed assets -€9,317
down €9,317 (-99.7%), from €9,342 to €26
- Cash +€7,332
up €7,332 (+1,178%), from €622 to €7,954
mainly Accrued charges and deferred income (+€9,813) and Depreciation (+€9,317)
- Receivables within one year -€1,851
down €1,851 (-82.5%), from €2,244 to €394
of which Trade receivables: -€990
- Deferred charges and accrued income -€375
no longer reported in 2025 (was €375)
- Accrued charges and deferred income +€9,813
new in 2025: €9,813
- Current portion of long-term debt -€8,858
down €8,858 (-91.4%), from €9,690 to €832
- Other debts -€5,659
down €5,659 (-30.9%), from €18,301 to €12,641
- Trade debts +€3,545
up €3,545 (+309%), from €1,148 to €4,693
- Debts after one year -€1,661
no longer reported in 2025 (was €1,661)
- Gross operating margin +€3,167
up €3,167 (+54.4%), from €5,818 to €8,985
- Financial charges -€538
down €538 (-49.0%), from €1,100 to €561
- Other operating charges +€222
up €222 (+74.3%), from €298 to €520
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 | €12,584 | €8,373 | -€4,210 | -33.5% |
| Fixed assets | 21/28 | €9,342 | €26 | -€9,317 | -99.7% |
| Tangible fixed assets | 22/27 | €9,342 | €26 | -€9,317 | -99.7% |
| Furniture and vehicles | 24 | €9,342 | €26 | -€9,317 | -99.7% |
| Current assets | 29/58 | €3,242 | €8,348 | +€5,106 | +158% |
| Amounts receivable within one year | 40/41 | €2,244 | €394 | -€1,851 | -82.5% |
| Trade receivables | 40 | €994 | €4 | -€990 | -99.6% |
| Other amounts receivable | 41 | €1,250 | €390 | -€861 | -68.8% |
| Cash at bank and in hand | 54/58 | €622 | €7,954 | +€7,332 | +1,178% |
| Deferred charges and accrued income | 490/1 | €375 | - | -€375 | |
| Total equity and liabilities | 10/49 | €12,584 | €8,373 | -€4,210 | -33.5% |
| Equity | 10/15 | -€18,216 | -€19,628 | -€1,412 | -7.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,716 | -€22,128 | -€1,412 | -6.8% |
| Amounts payable | 17/49 | €30,799 | €28,001 | -€2,798 | -9.1% |
| Amounts payable after more than one year | 17 | €1,661 | - | -€1,661 | |
| Financial debts | 170/4 | €1,661 | - | -€1,661 | |
| Amounts payable within one year | 42/48 | €29,138 | €18,188 | -€10,950 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €9,690 | €832 | -€8,858 | -91.4% |
| Trade debts | 44 | €1,148 | €4,693 | +€3,545 | +309% |
| Suppliers | 440/4 | €1,148 | €4,693 | +€3,545 | +309% |
| Advances received on contracts in progress | 46 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €18,301 | €12,641 | -€5,659 | -30.9% |
| Accrued charges and deferred income | 492/3 | - | €9,813 | +€9,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,317 | €9,317 | = | 0.0% |
| Other operating charges | 640/8 | €298 | €520 | +€222 | +74.3% |
| Gross operating margin | 9900 | €5,818 | €8,985 | +€3,167 | +54.4% |
| Operating profit (loss) | 9901 | -€3,796 | -€851 | +€2,945 | +77.6% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,100 | €561 | -€538 | -49.0% |
| Recurring financial charges | 65 | €1,100 | €561 | -€538 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,889 | -€1,412 | +€3,477 | +71.1% |
| Profit (loss) for the period | 9904 | -€4,889 | -€1,412 | +€3,477 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,889 | -€1,412 | +€3,477 | +71.1% |
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 31 October 2026 via checked.be.