STEELTECH SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€103,026
down €103,026 (-30.4%), from €338,849 to €235,823
of which Other amounts receivable: -€78,246
- Cash +€62,251
up €62,251 (+112%), from €55,383 to €117,634
mainly Receivables within one year (+€103,026) and Net result for the year (+€39,617)
- Trade debts -€91,116
down €91,116 (-78.7%), from €115,756 to €24,640
- Reserves +€39,617
up €39,617 (+17.0%), from €233,168 to €272,785
of which Distributable reserves: +€39,617
- Tax, wage and social debts +€16,726
up €16,726 (+41.9%), from €39,875 to €56,601
of which Taxes: +€16,805
- Other debts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Gross operating margin -€92,229
down €92,229 (-62.4%), from €147,897 to €55,668
- Taxes -€22,992
down €22,992 (-57.8%), from €39,797 to €16,805
- Other operating charges -€5,549
down €5,549 (-90.0%), from €6,165 to €616
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 | €395,183 | €354,411 | -€40,772 | -10.3% |
| Fixed assets | 21/28 | €870 | €870 | = | 0.0% |
| Financial fixed assets | 28 | €870 | €870 | = | 0.0% |
| Current assets | 29/58 | €394,313 | €353,541 | -€40,772 | -10.3% |
| Amounts receivable within one year | 40/41 | €338,849 | €235,823 | -€103,026 | -30.4% |
| Trade receivables | 40 | €206,986 | €182,206 | -€24,780 | -12.0% |
| Other amounts receivable | 41 | €131,863 | €53,617 | -€78,246 | -59.3% |
| Cash at bank and in hand | 54/58 | €55,383 | €117,634 | +€62,251 | +112% |
| Deferred charges and accrued income | 490/1 | €81 | €84 | +€3 | +3.2% |
| Total equity and liabilities | 10/49 | €395,183 | €354,411 | -€40,772 | -10.3% |
| Equity | 10/15 | €233,168 | €272,785 | +€39,617 | +17.0% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €233,168 | €272,785 | +€39,617 | +17.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €233,168 | €272,785 | +€39,617 | +17.0% |
| Amounts payable | 17/49 | €162,015 | €81,626 | -€80,389 | -49.6% |
| Amounts payable within one year | 42/48 | €161,631 | €81,242 | -€80,389 | -49.7% |
| Trade debts | 44 | €115,756 | €24,640 | -€91,116 | -78.7% |
| Suppliers | 440/4 | €115,756 | €24,640 | -€91,116 | -78.7% |
| Taxes, remuneration and social security | 45 | €39,875 | €56,601 | +€16,726 | +41.9% |
| Taxes | 450/3 | €39,797 | €56,601 | +€16,805 | +42.2% |
| Remuneration and social security | 454/9 | €78 | €0 | -€78 | -100% |
| Other amounts payable | 47/48 | €6,000 | €0 | -€6,000 | -100% |
| Accrued charges and deferred income | 492/3 | €384 | €384 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €6,165 | €616 | -€5,549 | -90.0% |
| Gross operating margin | 9900 | €147,897 | €55,668 | -€92,229 | -62.4% |
| Operating profit (loss) | 9901 | €141,732 | €55,052 | -€86,680 | -61.2% |
| Financial income | 75/76B | €4,045 | €3,735 | -€310 | -7.7% |
| Recurring financial income | 75 | €4,045 | €3,735 | -€310 | -7.7% |
| Financial charges | 65/66B | €925 | €2,366 | +€1,441 | +156% |
| Recurring financial charges | 65 | €925 | €2,366 | +€1,441 | +156% |
| Profit (loss) for the period before taxes | 9903 | €144,853 | €56,422 | -€88,431 | -61.0% |
| Income taxes | 67/77 | €39,797 | €16,805 | -€22,992 | -57.8% |
| Profit (loss) for the period | 9904 | €105,056 | €39,617 | -€65,439 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,056 | €39,617 | -€65,439 | -62.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.