STEELTECH SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€31,169
up €31,169 (+197%), from €15,818 to €46,987
mainly Net result for the year (+€22,769) and Tax, wage and social debts (+€11,841)
- Receivables within one year +€8,276
up €8,276 (+177%), from €4,664 to €12,940
- Reserves +€22,769
up €22,769 (+200%), from €11,385 to €34,154
- Tax, wage and social debts +€11,841
up €11,841 (+290%), from €4,083 to €15,924
- Accrued charges and deferred income +€3,984
new in 2025: €3,984
- Trade debts +€843
up €843 (+434%), from €194 to €1,037
- Gross operating margin +€14,996
up €14,996 (+104%), from €14,386 to €29,382
- Taxes +€3,537
up €3,537 (+126%), from €2,800 to €6,337
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 | €20,662 | €60,098 | +€39,437 | +191% |
| Current assets | 29/58 | €20,662 | €60,098 | +€39,437 | +191% |
| Amounts receivable within one year | 40/41 | €4,664 | €12,940 | +€8,276 | +177% |
| Trade receivables | 40 | €4,664 | €12,940 | +€8,276 | +177% |
| Cash at bank and in hand | 54/58 | €15,818 | €46,987 | +€31,169 | +197% |
| Deferred charges and accrued income | 490/1 | €179 | €171 | -€8 | -4.4% |
| Total equity and liabilities | 10/49 | €20,662 | €60,098 | +€39,437 | +191% |
| Equity | 10/15 | €16,385 | €39,154 | +€22,769 | +139% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,385 | €34,154 | +€22,769 | +200% |
| Distributable reserves | 133 | €11,385 | €34,154 | +€22,769 | +200% |
| Amounts payable | 17/49 | €4,277 | €20,945 | +€16,668 | +390% |
| Amounts payable within one year | 42/48 | €4,277 | €16,961 | +€12,684 | +297% |
| Trade debts | 44 | €194 | €1,037 | +€843 | +434% |
| Suppliers | 440/4 | €194 | €1,037 | +€843 | +434% |
| Taxes, remuneration and social security | 45 | €4,083 | €15,924 | +€11,841 | +290% |
| Taxes | 450/3 | €4,083 | €15,924 | +€11,841 | +290% |
| Accrued charges and deferred income | 492/3 | - | €3,984 | +€3,984 | |
| Other operating charges | 640/8 | €101 | €210 | +€109 | +108% |
| Gross operating margin | 9900 | €14,386 | €29,382 | +€14,996 | +104% |
| Operating profit (loss) | 9901 | €14,285 | €29,172 | +€14,887 | +104% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €100 | €66 | -€34 | -33.9% |
| Recurring financial charges | 65 | €100 | €66 | -€34 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €14,185 | €29,106 | +€14,921 | +105% |
| Income taxes | 67/77 | €2,800 | €6,337 | +€3,537 | +126% |
| Profit (loss) for the period | 9904 | €11,385 | €22,769 | +€11,384 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,385 | €22,769 | +€11,384 | +100.0% |
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 25 October 2026 via checked.be.