STEELFIELD: 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.
STEELFIELD
Largest movements
- Current investments -€286,602
down €286,602 (-29.6%), from €967,346 to €680,744
- Cash +€81,241
up €81,241 (+67.6%), from €120,094 to €201,335
mainly Current investments (+€286,602) and Net result for the year (+€103,530)
- Receivables within one year +€41,360
up €41,360 (+68.4%), from €60,465 to €101,825
of which Other amounts receivable: +€52,105
- Reserves -€131,764
down €131,764 (-14.2%), from €929,019 to €797,254
- Other debts -€23,738
down €23,738 (-9.2%), from €259,032 to €235,294
- Tax, wage and social debts -€13,550
down €13,550 (-32.7%), from €41,392 to €27,841
- Gross operating margin -€648,941
down €648,941 (-81.7%), from €794,331 to €145,390
- Taxes -€160,587
down €160,587 (-83.3%), from €192,884 to €32,297
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 | €1,260,228 | €1,083,505 | -€176,724 | -14.0% |
| Fixed assets | 21/28 | €105,770 | €98,031 | -€7,740 | -7.3% |
| Tangible fixed assets | 22/27 | €105,770 | €98,031 | -€7,740 | -7.3% |
| Furniture and vehicles | 24 | €10,744 | €25,687 | +€14,943 | +139% |
| Other tangible fixed assets | 26 | €95,026 | €72,343 | -€22,683 | -23.9% |
| Current assets | 29/58 | €1,154,458 | €985,474 | -€168,984 | -14.6% |
| Amounts receivable within one year | 40/41 | €60,465 | €101,825 | +€41,360 | +68.4% |
| Trade receivables | 40 | €50,835 | €40,089 | -€10,745 | -21.1% |
| Other amounts receivable | 41 | €9,631 | €61,736 | +€52,105 | +541% |
| Current investments | 50/53 | €967,346 | €680,744 | -€286,602 | -29.6% |
| Cash at bank and in hand | 54/58 | €120,094 | €201,335 | +€81,241 | +67.6% |
| Deferred charges and accrued income | 490/1 | €6,552 | €1,569 | -€4,983 | -76.0% |
| Total equity and liabilities | 10/49 | €1,260,228 | €1,083,505 | -€176,724 | -14.0% |
| Equity | 10/15 | €949,019 | €817,254 | -€131,764 | -13.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €929,019 | €797,254 | -€131,764 | -14.2% |
| Distributable reserves | 133 | €929,019 | €797,254 | -€131,764 | -14.2% |
| Amounts payable | 17/49 | €311,209 | €266,250 | -€44,959 | -14.4% |
| Amounts payable within one year | 42/48 | €308,641 | €264,377 | -€44,264 | -14.3% |
| Trade debts | 44 | €8,217 | €1,241 | -€6,975 | -84.9% |
| Suppliers | 440/4 | €8,217 | €1,241 | -€6,975 | -84.9% |
| Taxes, remuneration and social security | 45 | €41,392 | €27,841 | -€13,550 | -32.7% |
| Taxes | 450/3 | €41,392 | €27,841 | -€13,550 | -32.7% |
| Other amounts payable | 47/48 | €259,032 | €235,294 | -€23,738 | -9.2% |
| Accrued charges and deferred income | 492/3 | €2,568 | €1,873 | -€695 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,118 | €28,610 | +€5,492 | +23.8% |
| Other operating charges | 640/8 | €671 | €387 | -€284 | -42.3% |
| Gross operating margin | 9900 | €794,331 | €145,390 | -€648,941 | -81.7% |
| Operating profit (loss) | 9901 | €770,542 | €116,392 | -€654,149 | -84.9% |
| Financial income | 75/76B | €12,717 | €20,311 | +€7,594 | +59.7% |
| Recurring financial income | 75 | €12,717 | €20,311 | +€7,594 | +59.7% |
| Financial charges | 65/66B | €6,106 | €876 | -€5,230 | -85.6% |
| Recurring financial charges | 65 | €6,106 | €876 | -€5,230 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | €777,152 | €135,827 | -€641,326 | -82.5% |
| Income taxes | 67/77 | €192,884 | €32,297 | -€160,587 | -83.3% |
| Profit (loss) for the period | 9904 | €584,269 | €103,530 | -€480,739 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €584,269 | €103,530 | -€480,739 | -82.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.