STEELCON: 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.
STEELCON
Largest movements
- Cash -€2,678
down €2,678 (-86.6%), from €3,094 to €415
mainly Net result for the year (-€42,492) and Tax, wage and social debts (-€749)
- Receivables within one year +€386
up €386 (+63.0%), from €614 to €1,000
of which Trade receivables: +€389
- Profit (loss) carried forward -€42,492
down €42,492 (-7.5%), from -€564,006 to -€606,498
- Debts after one year +€36,739
up €36,739 (+7.5%), from €490,402 to €527,142
- Trade debts +€3,979
up €3,979 (+49.0%), from €8,114 to €12,093
- Tax, wage and social debts -€749
down €749 (-74.7%), from €1,002 to €253
of which Remuneration and social security: -€1,002
- Accrued charges and deferred income +€225
new in 2025: €225
- Staff costs -€20,039
no longer reported in 2025 (was €20,039)
- Financial charges -€5,352
down €5,352 (-13.8%), from €38,651 to €33,299
- Gross operating margin -€2,441
down €2,441 (-47.0%), from -€5,198 to -€7,639
- Other operating charges +€1,159
up €1,159 (+294%), from €394 to €1,553
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 | €3,712 | €1,415 | -€2,297 | -61.9% |
| Fixed assets | 21/28 | €5 | - | -€5 | |
| Financial fixed assets | 28 | €5 | - | -€5 | |
| Current assets | 29/58 | €3,707 | €1,415 | -€2,292 | -61.8% |
| Amounts receivable within one year | 40/41 | €614 | €1,000 | +€386 | +63.0% |
| Trade receivables | 40 | €611 | €1,000 | +€389 | +63.6% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €3,094 | €415 | -€2,678 | -86.6% |
| Total equity and liabilities | 10/49 | €3,712 | €1,415 | -€2,297 | -61.9% |
| Equity | 10/15 | -€495,806 | -€538,298 | -€42,492 | -8.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€564,006 | -€606,498 | -€42,492 | -7.5% |
| Amounts payable | 17/49 | €499,518 | €539,713 | +€40,195 | +8.0% |
| Amounts payable after more than one year | 17 | €490,402 | €527,142 | +€36,739 | +7.5% |
| Other amounts payable | 178/9 | €490,402 | €527,142 | +€36,739 | +7.5% |
| Amounts payable within one year | 42/48 | €9,116 | €12,346 | +€3,231 | +35.4% |
| Trade debts | 44 | €8,114 | €12,093 | +€3,979 | +49.0% |
| Suppliers | 440/4 | €8,114 | €12,093 | +€3,979 | +49.0% |
| Taxes, remuneration and social security | 45 | €1,002 | €253 | -€749 | -74.7% |
| Taxes | 450/3 | - | €253 | +€253 | |
| Remuneration and social security | 454/9 | €1,002 | - | -€1,002 | |
| Accrued charges and deferred income | 492/3 | - | €225 | +€225 | |
| Remuneration, social security and pensions | 62 | €20,039 | - | -€20,039 | |
| Other operating charges | 640/8 | €394 | €1,553 | +€1,159 | +294% |
| Gross operating margin | 9900 | -€5,198 | -€7,639 | -€2,441 | -47.0% |
| Operating profit (loss) | 9901 | -€25,631 | -€9,192 | +€16,439 | +64.1% |
| Financial charges | 65/66B | €38,651 | €33,299 | -€5,352 | -13.8% |
| Recurring financial charges | 65 | €38,651 | €33,299 | -€5,352 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€64,282 | -€42,492 | +€21,791 | +33.9% |
| Profit (loss) for the period | 9904 | -€64,282 | -€42,492 | +€21,791 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,282 | -€42,492 | +€21,791 | +33.9% |
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 24 October 2026 via checked.be.