STEELCONSULT: 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.
STEELCONSULT
Largest movements
- Current investments +€140,864
new in 2025: €140,864
- Cash -€43,678
down €43,678 (-25.7%), from €170,079 to €126,402
mainly Current investments (-€140,864) and Contributions, distributions and other (-€102,150)
- Reserves +€128,329
up €128,329 (+8.2%), from €1.6m to €1.7m
of which Distributable reserves: +€128,329
- Investment grants -€102,150
no longer reported in 2025 (was €102,150)
- Provisions +€102,150
up €102,150 (+194%), from €52,599 to €154,749
of which Provisions for liabilities and charges: +€102,150
- Services and other goods -€42,118
down €42,118 (-64.2%), from €65,567 to €23,448
- Financial income +€18,453
up €18,453 (+211%), from €8,762 to €27,215
- Other operating income -€17,356
down €17,356 (-77.4%), from €22,435 to €5,079
- Goods and materials -€15,390
down €15,390 (-71.4%), from €21,555 to €6,166
- Turnover -€14,248
down €14,248 (-5.5%), from €259,728 to €245,481
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 | €1,895,306 | €2,024,038 | +€128,732 | +6.8% |
| Fixed assets | 21/28 | €1,261,855 | €1,261,855 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,261,805 | €1,261,805 | = | 0.0% |
| Land and buildings | 22 | €1,261,805 | €1,261,805 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €633,451 | €762,183 | +€128,732 | +20.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €455,801 | €471,083 | +€15,282 | +3.4% |
| Trade receivables | 40 | €26,911 | €48,461 | +€21,550 | +80.1% |
| Other amounts receivable | 41 | €428,890 | €422,622 | -€6,267 | -1.5% |
| Current investments | 50/53 | - | €140,864 | +€140,864 | |
| Other investments | 51/53 | - | €140,864 | +€140,864 | |
| Cash at bank and in hand | 54/58 | €170,079 | €126,402 | -€43,678 | -25.7% |
| Deferred charges and accrued income | 490/1 | €7,571 | €23,834 | +€16,263 | +215% |
| Total equity and liabilities | 10/49 | €1,895,306 | €2,024,038 | +€128,732 | +6.8% |
| Equity | 10/15 | €1,817,156 | €1,843,334 | +€26,179 | +1.4% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Contributions outside capital | 11 | €155,000 | €155,000 | = | 0.0% |
| Other | 1109/19 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €1,560,006 | €1,688,334 | +€128,329 | +8.2% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €1,544,506 | €1,672,834 | +€128,329 | +8.3% |
| Investment grants | 15 | €102,150 | - | -€102,150 | |
| Provisions and deferred taxes | 16 | €52,599 | €154,749 | +€102,150 | +194% |
| Provisions for liabilities and charges | 160/5 | - | €102,150 | +€102,150 | |
| Pensions and similar obligations | 160 | - | €102,150 | +€102,150 | |
| Deferred taxes | 168 | €52,599 | €52,599 | = | 0.0% |
| Amounts payable | 17/49 | €25,551 | €25,954 | +€403 | +1.6% |
| Amounts payable within one year | 42/48 | €25,551 | €25,954 | +€403 | +1.6% |
| Trade debts | 44 | €2,608 | €1,380 | -€1,228 | -47.1% |
| Suppliers | 440/4 | €2,608 | €1,380 | -€1,228 | -47.1% |
| Taxes, remuneration and social security | 45 | €22,944 | €20,660 | -€2,284 | -10.0% |
| Taxes | 450/3 | €18,048 | €15,554 | -€2,495 | -13.8% |
| Remuneration and social security | 454/9 | €4,895 | €5,106 | +€211 | +4.3% |
| Other amounts payable | 47/48 | €0 | €3,915 | +€3,915 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €282,164 | €250,560 | -€31,604 | -11.2% |
| Turnover | 70 | €259,728 | €245,481 | -€14,248 | -5.5% |
| Other operating income | 74 | €22,435 | €5,079 | -€17,356 | -77.4% |
| Operating charges | 60/66A | €159,247 | €106,559 | -€52,688 | -33.1% |
| Goods for resale, raw materials and consumables | 60 | €21,555 | €6,166 | -€15,390 | -71.4% |
| Purchases | 600/8 | €21,555 | €6,166 | -€15,390 | -71.4% |
| Services and other goods | 61 | €65,567 | €23,448 | -€42,118 | -64.2% |
| Remuneration, social security and pensions | 62 | €67,957 | €68,395 | +€438 | +0.6% |
| Other operating charges | 640/8 | €4,169 | €8,551 | +€4,382 | +105% |
| Operating profit (loss) | 9901 | €122,916 | €144,000 | +€21,084 | +17.2% |
| Financial income | 75/76B | €8,762 | €27,215 | +€18,453 | +211% |
| Recurring financial income | 75 | €8,762 | €27,215 | +€18,453 | +211% |
| Income from current assets | 751 | €8,762 | €27,215 | +€18,453 | +211% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €55 | €29 | -€26 | -47.2% |
| Recurring financial charges | 65 | €55 | €29 | -€26 | -47.2% |
| Debt charges | 650 | €31 | €0 | -€31 | -100% |
| Other financial charges | 652/9 | €24 | €29 | +€5 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €131,623 | €171,186 | +€39,563 | +30.1% |
| Income taxes | 67/77 | €33,339 | €42,857 | +€9,518 | +28.5% |
| Taxes | 670/3 | €33,339 | €42,857 | +€9,518 | +28.5% |
| Profit (loss) for the period | 9904 | €98,284 | €128,329 | +€30,045 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,284 | €128,329 | +€30,045 | +30.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.