Steels Jeroen: 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.
Steels Jeroen
Largest movements
- Tangible fixed assets -€25,158
down €25,158 (-8.3%), from €303,084 to €277,926
of which Land and buildings: -€20,053
- Receivables within one year +€17,366
up €17,366 (+54.7%), from €31,764 to €49,130
of which Other amounts receivable: +€14,767
- Cash +€14,654
up €14,654 (+172%), from €8,529 to €23,182
mainly Net result for the year (+€34,770) and Depreciation (+€27,746)
- Reserves +€34,770
up €34,770 (+17.6%), from €197,434 to €232,204
- Debts after one year -€18,399
down €18,399 (-7.9%), from €232,330 to €213,931
- Tax, wage and social debts -€7,442
down €7,442 (-37.0%), from €20,104 to €12,662
- Gross operating margin +€10,859
up €10,859 (+13.8%), from €78,790 to €89,649
- Taxes +€2,585
up €2,585 (+21.5%), from €12,038 to €14,624
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 | €489,658 | €496,924 | +€7,266 | +1.5% |
| Fixed assets | 21/28 | €303,129 | €277,971 | -€25,158 | -8.3% |
| Tangible fixed assets | 22/27 | €303,084 | €277,926 | -€25,158 | -8.3% |
| Land and buildings | 22 | €273,506 | €253,454 | -€20,053 | -7.3% |
| Furniture and vehicles | 24 | €23,688 | €19,330 | -€4,358 | -18.4% |
| Other tangible fixed assets | 26 | €5,889 | €5,142 | -€747 | -12.7% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €186,529 | €218,953 | +€32,424 | +17.4% |
| Amounts receivable after more than one year | 29 | €145,000 | €145,000 | = | 0.0% |
| Other amounts receivable | 291 | €145,000 | €145,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,764 | €49,130 | +€17,366 | +54.7% |
| Trade receivables | 40 | €0 | €2,599 | +€2,599 | |
| Other amounts receivable | 41 | €31,764 | €46,531 | +€14,767 | +46.5% |
| Cash at bank and in hand | 54/58 | €8,529 | €23,182 | +€14,654 | +172% |
| Deferred charges and accrued income | 490/1 | €1,236 | €1,641 | +€404 | +32.7% |
| Total equity and liabilities | 10/49 | €489,658 | €496,924 | +€7,266 | +1.5% |
| Equity | 10/15 | €215,984 | €250,754 | +€34,770 | +16.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €197,434 | €232,204 | +€34,770 | +17.6% |
| Distributable reserves | 133 | €197,434 | €232,204 | +€34,770 | +17.6% |
| Amounts payable | 17/49 | €273,673 | €246,170 | -€27,504 | -10.0% |
| Amounts payable after more than one year | 17 | €232,330 | €213,931 | -€18,399 | -7.9% |
| Financial debts | 170/4 | €232,330 | €213,931 | -€18,399 | -7.9% |
| Amounts payable within one year | 42/48 | €41,343 | €32,238 | -€9,105 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €17,906 | €18,399 | +€493 | +2.8% |
| Financial debts | 43 | €132 | €50 | -€82 | -62.0% |
| Credit institutions | 430/8 | €132 | €50 | -€82 | -62.0% |
| Trade debts | 44 | €3,201 | €1,127 | -€2,073 | -64.8% |
| Suppliers | 440/4 | €3,201 | €1,127 | -€2,073 | -64.8% |
| Taxes, remuneration and social security | 45 | €20,104 | €12,662 | -€7,442 | -37.0% |
| Taxes | 450/3 | €20,104 | €12,662 | -€7,442 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,576 | €27,746 | +€170 | +0.6% |
| Other operating charges | 640/8 | €3,366 | €3,752 | +€385 | +11.4% |
| Gross operating margin | 9900 | €78,790 | €89,649 | +€10,859 | +13.8% |
| Operating profit (loss) | 9901 | €47,848 | €58,151 | +€10,303 | +21.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €9,274 | €8,758 | -€516 | -5.6% |
| Recurring financial charges | 65 | €9,274 | €8,758 | -€516 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €38,574 | €49,394 | +€10,819 | +28.0% |
| Income taxes | 67/77 | €12,038 | €14,624 | +€2,585 | +21.5% |
| Profit (loss) for the period | 9904 | €26,536 | €34,770 | +€8,234 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,536 | €34,770 | +€8,234 | +31.0% |
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 30 October 2026 via checked.be.