STEELCORP: 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.
STEELCORP
Largest movements
- Cash +€19,857
up €19,857 (+19.1%), from €104,005 to €123,861
mainly Other debts (+€48,000) and Net result for the year (+€31,007)
- Receivables within one year +€4,227
up €4,227 (+16.5%), from €25,565 to €29,792
of which Other amounts receivable: +€3,241
- Tangible fixed assets -€3,441
down €3,441 (-42.9%), from €8,014 to €4,573
- Profit (loss) carried forward -€48,564
down €48,564 (-99.9%), from €48,599 to €36
- Other debts +€48,000
new in 2025: €48,000
- Reserves +€23,100
up €23,100 (+32.5%), from €71,000 to €94,100
- Taxes +€27,538
up €27,538 (+3,215%), from €857 to €28,395
- Gross operating margin +€10,670
up €10,670 (+20.1%), from €53,191 to €63,861
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 | €147,223 | €167,876 | +€20,653 | +14.0% |
| Fixed assets | 21/28 | €8,014 | €4,573 | -€3,441 | -42.9% |
| Tangible fixed assets | 22/27 | €8,014 | €4,573 | -€3,441 | -42.9% |
| Furniture and vehicles | 24 | €8,014 | €4,573 | -€3,441 | -42.9% |
| Current assets | 29/58 | €139,210 | €163,303 | +€24,094 | +17.3% |
| Amounts receivable after more than one year | 29 | €9,000 | €9,000 | = | 0.0% |
| Other amounts receivable | 291 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,565 | €29,792 | +€4,227 | +16.5% |
| Trade receivables | 40 | €16,273 | €17,259 | +€986 | +6.1% |
| Other amounts receivable | 41 | €9,293 | €12,533 | +€3,241 | +34.9% |
| Cash at bank and in hand | 54/58 | €104,005 | €123,861 | +€19,857 | +19.1% |
| Deferred charges and accrued income | 490/1 | €640 | €650 | +€10 | +1.6% |
| Total equity and liabilities | 10/49 | €147,223 | €167,876 | +€20,653 | +14.0% |
| Equity | 10/15 | €122,599 | €97,136 | -€25,464 | -20.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,000 | €94,100 | +€23,100 | +32.5% |
| Distributable reserves | 133 | €71,000 | €94,100 | +€23,100 | +32.5% |
| Profit (loss) carried forward | 14 | €48,599 | €36 | -€48,564 | -99.9% |
| Amounts payable | 17/49 | €24,624 | €70,741 | +€46,117 | +187% |
| Amounts payable within one year | 42/48 | €24,624 | €70,741 | +€46,117 | +187% |
| Trade debts | 44 | €2,388 | €1,871 | -€517 | -21.6% |
| Suppliers | 440/4 | €2,388 | €1,871 | -€517 | -21.6% |
| Taxes, remuneration and social security | 45 | €22,236 | €20,870 | -€1,367 | -6.1% |
| Taxes | 450/3 | €11,236 | €20,870 | +€9,633 | +85.7% |
| Remuneration and social security | 454/9 | €11,000 | - | -€11,000 | |
| Other amounts payable | 47/48 | - | €48,000 | +€48,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,732 | €3,750 | +€17 | +0.5% |
| Other operating charges | 640/8 | €720 | €670 | -€50 | -7.0% |
| Gross operating margin | 9900 | €53,191 | €63,861 | +€10,670 | +20.1% |
| Operating profit (loss) | 9901 | €48,739 | €59,442 | +€10,703 | +22.0% |
| Financial charges | 65/66B | €87 | €40 | -€47 | -53.8% |
| Recurring financial charges | 65 | €87 | €40 | -€47 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €48,651 | €59,402 | +€10,750 | +22.1% |
| Income taxes | 67/77 | €857 | €28,395 | +€27,538 | +3,215% |
| Profit (loss) for the period | 9904 | €47,795 | €31,007 | -€16,788 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,795 | €31,007 | -€16,788 | -35.1% |
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 20 October 2026 via checked.be.