STEELTECH: 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.
STEELTECH
Largest movements
- Cash -€27,237
down €27,237 (-52.6%), from €51,746 to €24,509
mainly Debts after one year (-€63,191) and Current portion of long-term debt (-€3,904)
- Tangible fixed assets -€21,078
down €21,078 (-21.9%), from €96,188 to €75,110
of which Furniture and vehicles: -€13,674
- Receivables within one year -€7,528
down €7,528 (-21.4%), from €35,233 to €27,705
of which Trade receivables: -€8,699
- Debts after one year -€63,191
down €63,191 (-63.9%), from €98,847 to €35,655
of which Other amounts payable: -€48,933
- Reserves +€12,832
up €12,832 (+34.3%), from €37,437 to €50,269
- Current portion of long-term debt -€3,904
down €3,904 (-21.2%), from €18,449 to €14,545
- Trade debts -€2,154
down €2,154 (-42.6%), from €5,059 to €2,905
- Gross operating margin +€12,302
up €12,302 (+48.1%), from €25,599 to €37,902
- Taxes +€4,077
up €4,077 (+652%), from €626 to €4,702
- Write-downs -€4,056
new in 2025: -€4,056
- Financial income -€1,317
down €1,317 (-97.6%), from €1,350 to €33
- Other operating charges -€630
down €630 (-33.9%), from €1,859 to €1,229
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 | €183,672 | €128,046 | -€55,627 | -30.3% |
| Fixed assets | 21/28 | €96,188 | €75,110 | -€21,078 | -21.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €96,188 | €75,110 | -€21,078 | -21.9% |
| Land and buildings | 22 | €52,452 | €46,624 | -€5,828 | -11.1% |
| Plant, machinery and equipment | 23 | €10,911 | €9,335 | -€1,576 | -14.4% |
| Furniture and vehicles | 24 | €32,825 | €19,151 | -€13,674 | -41.7% |
| Current assets | 29/58 | €87,485 | €52,936 | -€34,549 | -39.5% |
| Stocks and contracts in progress | 3 | €506 | €722 | +€216 | +42.8% |
| Stocks | 30/36 | €506 | €722 | +€216 | +42.8% |
| Amounts receivable within one year | 40/41 | €35,233 | €27,705 | -€7,528 | -21.4% |
| Trade receivables | 40 | €35,233 | €26,534 | -€8,699 | -24.7% |
| Other amounts receivable | 41 | - | €1,170 | +€1,170 | |
| Cash at bank and in hand | 54/58 | €51,746 | €24,509 | -€27,237 | -52.6% |
| Total equity and liabilities | 10/49 | €183,672 | €128,046 | -€55,627 | -30.3% |
| Equity | 10/15 | €57,437 | €70,269 | +€12,832 | +22.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €37,437 | €50,269 | +€12,832 | +34.3% |
| Distributable reserves | 133 | €37,437 | €50,269 | +€12,832 | +34.3% |
| Amounts payable | 17/49 | €126,235 | €57,777 | -€68,459 | -54.2% |
| Amounts payable after more than one year | 17 | €98,847 | €35,655 | -€63,191 | -63.9% |
| Financial debts | 170/4 | €36,509 | €22,251 | -€14,258 | -39.1% |
| Other amounts payable | 178/9 | €62,338 | €13,404 | -€48,933 | -78.5% |
| Amounts payable within one year | 42/48 | €27,389 | €22,121 | -€5,267 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €18,449 | €14,545 | -€3,904 | -21.2% |
| Trade debts | 44 | €5,059 | €2,905 | -€2,154 | -42.6% |
| Suppliers | 440/4 | €5,059 | €2,905 | -€2,154 | -42.6% |
| Taxes, remuneration and social security | 45 | €3,881 | €4,671 | +€791 | +20.4% |
| Taxes | 450/3 | €3,881 | €4,671 | +€791 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,078 | €21,078 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€4,056 | -€4,056 | |
| Other operating charges | 640/8 | €1,859 | €1,229 | -€630 | -33.9% |
| Gross operating margin | 9900 | €25,599 | €37,902 | +€12,302 | +48.1% |
| Operating profit (loss) | 9901 | €2,662 | €19,650 | +€16,988 | +638% |
| Financial income | 75/76B | €1,350 | €33 | -€1,317 | -97.6% |
| Recurring financial income | 75 | €1,350 | €33 | -€1,317 | -97.6% |
| Financial charges | 65/66B | €2,573 | €2,149 | -€424 | -16.5% |
| Recurring financial charges | 65 | €2,573 | €2,149 | -€424 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €1,439 | €17,534 | +€16,095 | +1,118% |
| Income taxes | 67/77 | €626 | €4,702 | +€4,077 | +652% |
| Profit (loss) for the period | 9904 | €814 | €12,832 | +€12,018 | +1,477% |
| Profit (loss) for the period to be appropriated | 9905 | €814 | €12,832 | +€12,018 | +1,477% |
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 15 October 2026 via checked.be.