STEELHOUSE CONSTRUCT: 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.
STEELHOUSE CONSTRUCT
Largest movements
- Tangible fixed assets +€306,112
up €306,112 (+1,154%), from €26,525 to €332,636
of which Land and buildings: +€276,260
- Receivables within one year +€12,757
up €12,757 (+53.2%), from €23,960 to €36,717
of which Other amounts receivable: +€8,461
- Debts after one year +€245,821
up €245,821 (+2,493%), from €9,859 to €255,679
- Other debts +€28,371
up €28,371 (+160%), from €17,761 to €46,133
- Trade debts +€27,104
up €27,104 (+323%), from €8,402 to €35,506
- Reserves +€11,739
up €11,739 (+175%), from €6,694 to €18,433
- Current portion of long-term debt +€7,184
up €7,184 (+79.5%), from €9,036 to €16,221
- Gross operating margin +€30,798
up €30,798 (+135%), from €22,875 to €53,673
- Depreciation +€15,187
up €15,187 (+158%), from €9,632 to €24,819
- Other operating charges +€11,630
up €11,630 (+503%), from €2,313 to €13,943
- Financial charges +€7,946
up €7,946 (+398%), from €1,999 to €9,944
- Taxes -€2,305
down €2,305 (-100%), from €2,305 to €0
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 | €65,848 | €379,277 | +€313,428 | +476% |
| Fixed assets | 21/28 | €30,058 | €332,636 | +€302,579 | +1,007% |
| Tangible fixed assets | 22/27 | €26,525 | €332,636 | +€306,112 | +1,154% |
| Land and buildings | 22 | - | €276,260 | +€276,260 | |
| Plant, machinery and equipment | 23 | €15,608 | €10,168 | -€5,440 | -34.9% |
| Furniture and vehicles | 24 | €10,916 | €46,209 | +€35,292 | +323% |
| Financial fixed assets | 28 | €3,533 | €0 | -€3,533 | -100% |
| Current assets | 29/58 | €35,791 | €46,640 | +€10,850 | +30.3% |
| Amounts receivable within one year | 40/41 | €23,960 | €36,717 | +€12,757 | +53.2% |
| Trade receivables | 40 | €23,859 | €28,156 | +€4,296 | +18.0% |
| Other amounts receivable | 41 | €101 | €8,562 | +€8,461 | +8,372% |
| Current investments | 50/53 | €1,500 | €0 | -€1,500 | -100% |
| Cash at bank and in hand | 54/58 | €10,330 | €8,737 | -€1,593 | -15.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,186 | +€1,186 | |
| Total equity and liabilities | 10/49 | €65,848 | €379,277 | +€313,428 | +476% |
| Equity | 10/15 | €18,440 | €23,433 | +€4,993 | +27.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,694 | €18,433 | +€11,739 | +175% |
| Distributable reserves | 133 | €6,694 | €18,433 | +€11,739 | +175% |
| Profit (loss) carried forward | 14 | €6,745 | €0 | -€6,745 | -100% |
| Amounts payable | 17/49 | €47,409 | €355,844 | +€308,435 | +651% |
| Amounts payable after more than one year | 17 | €9,859 | €255,679 | +€245,821 | +2,493% |
| Financial debts | 170/4 | €9,859 | €255,679 | +€245,821 | +2,493% |
| Amounts payable within one year | 42/48 | €37,550 | €100,164 | +€62,615 | +167% |
| Current portion of amounts payable after more than one year | 42 | €9,036 | €16,221 | +€7,184 | +79.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,402 | €35,506 | +€27,104 | +323% |
| Suppliers | 440/4 | €8,402 | €35,506 | +€27,104 | +323% |
| Taxes, remuneration and social security | 45 | €2,351 | €2,305 | -€46 | -1.9% |
| Taxes | 450/3 | €2,351 | €2,305 | -€46 | -1.9% |
| Other amounts payable | 47/48 | €17,761 | €46,133 | +€28,371 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,632 | €24,819 | +€15,187 | +158% |
| Other operating charges | 640/8 | €2,313 | €13,943 | +€11,630 | +503% |
| Gross operating margin | 9900 | €22,875 | €53,673 | +€30,798 | +135% |
| Operating profit (loss) | 9901 | €10,931 | €14,911 | +€3,981 | +36.4% |
| Financial income | 75/76B | €67 | €27 | -€41 | -60.6% |
| Recurring financial income | 75 | €67 | €27 | -€41 | -60.6% |
| Financial charges | 65/66B | €1,999 | €9,944 | +€7,946 | +398% |
| Recurring financial charges | 65 | €1,999 | €9,944 | +€7,946 | +398% |
| Profit (loss) for the period before taxes | 9903 | €8,999 | €4,993 | -€4,006 | -44.5% |
| Income taxes | 67/77 | €2,305 | €0 | -€2,305 | -100% |
| Profit (loss) for the period | 9904 | €6,694 | €4,993 | -€1,701 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,694 | €4,993 | -€1,701 | -25.4% |
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 23 October 2026 via checked.be.