STEELLINE: 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.
STEELLINE
Largest movements
- Cash +€48,666
up €48,666 (+1339.3%), from €3,634 to €52,300
mainly Other debts (+€72,764) and Net result for the year (+€1,624)
- Receivables within one year +€20,154
up €20,154 (+61.7%), from €32,670 to €52,825
of which Trade receivables: +€20,557
- Stocks and contracts +€1,909
new in 2025: €1,909
- Other debts +€72,764
up €72,764 (+54.5%), from €133,601 to €206,365
- Trade debts -€1,740
down €1,740 (-43.3%), from €4,019 to €2,279
- Profit (loss) carried forward +€1,624
up €1,624 (+1.3%), from -€121,194 to -€119,570
- Tax, wage and social debts -€1,315
down €1,315 (-43.5%), from €3,024 to €1,709
- Gross operating margin +€22,734
up €22,734, from -€8,386 to €14,347
- Financial charges +€4,646
up €4,646 (+61.8%), from €7,518 to €12,164
- Taxes -€810
no longer reported in 2025 (was €810)
- Financial income +€495
new in 2025: €495
- Depreciation -€451
down €451 (-46.1%), from €977 to €527
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.
Cash bridge derived
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 | €39,900 | €111,233 | +€71,333 | +178.8% |
| Fixed assets | 21/28 | €3,596 | €4,173 | +€577 | +16.0% |
| Tangible fixed assets | 22/27 | €3,596 | €4,173 | +€577 | +16.0% |
| Plant, machinery and equipment | 23 | €3,596 | €4,173 | +€577 | +16.0% |
| Current assets | 29/58 | €36,304 | €107,061 | +€70,756 | +194.9% |
| Stocks and contracts in progress | 3 | - | €1,909 | +€1,909 | |
| Stocks | 30/36 | - | €1,909 | +€1,909 | |
| Amounts receivable within one year | 40/41 | €32,670 | €52,825 | +€20,154 | +61.7% |
| Trade receivables | 40 | €32,268 | €52,825 | +€20,557 | +63.7% |
| Other amounts receivable | 41 | €403 | - | -€403 | |
| Cash at bank and in hand | 54/58 | €3,634 | €52,300 | +€48,666 | +1339.3% |
| Deferred charges and accrued income | 490/1 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €39,900 | €111,233 | +€71,333 | +178.8% |
| Equity | 10/15 | -€100,743 | -€99,119 | +€1,624 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€121,194 | -€119,570 | +€1,624 | +1.3% |
| Amounts payable | 17/49 | €140,643 | €210,353 | +€69,709 | +49.6% |
| Amounts payable within one year | 42/48 | €140,643 | €210,353 | +€69,709 | +49.6% |
| Trade debts | 44 | €4,019 | €2,279 | -€1,740 | -43.3% |
| Suppliers | 440/4 | €4,019 | €2,279 | -€1,740 | -43.3% |
| Taxes, remuneration and social security | 45 | €3,024 | €1,709 | -€1,315 | -43.5% |
| Taxes | 450/3 | €3,024 | €1,709 | -€1,315 | -43.5% |
| Other amounts payable | 47/48 | €133,601 | €206,365 | +€72,764 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €527 | -€451 | -46.1% |
| Other operating charges | 640/8 | €869 | €528 | -€341 | -39.3% |
| Gross operating margin | 9900 | -€8,386 | €14,347 | +€22,734 | |
| Operating profit (loss) | 9901 | -€10,233 | €13,293 | +€23,526 | |
| Financial income | 75/76B | - | €495 | +€495 | |
| Recurring financial income | 75 | - | €495 | +€495 | |
| Financial charges | 65/66B | €7,518 | €12,164 | +€4,646 | +61.8% |
| Recurring financial charges | 65 | €7,518 | €12,164 | +€4,646 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,751 | €1,624 | +€19,375 | |
| Income taxes | 67/77 | €810 | - | -€810 | |
| Profit (loss) for the period | 9904 | -€18,561 | €1,624 | +€20,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,561 | €1,624 | +€20,184 |
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 9 October 2026 via checked.be.