STEELYJAM: what changed
Two fiscal 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.
STEELYJAM
Largest movements
- Intangible fixed assets +€58,853
new in 2025: €58,853
- Receivables within one year -€23,330
down €23,330 (-57.7%), from €40,438 to €17,108
of which Trade receivables: -€23,916
- Cash -€15,437
down €15,437 (-24.8%), from €62,259 to €46,822
mainly Net result for the year (-€65,646) and Investment in fixed assets (net) (-€58,853)
- Stocks and contracts +€4,055
up €4,055 (+17.5%), from €23,224 to €27,279
- Deferred charges and accrued income -€1,565
down €1,565 (-62.2%), from €2,518 to €953
- Debts after one year +€79,940
up €79,940 (+73.2%), from €109,222 to €189,162
of which Financial debts: +€79,940
- Profit (loss) carried forward -€65,646
down €65,646 (-350.0%), from -€18,755 to -€84,401
- Current portion of long-term debt +€17,861
up €17,861 (+138.8%), from €12,865 to €30,726
- Trade debts -€5,381
down €5,381 (-41.2%), from €13,057 to €7,676
- Tax, wage and social debts -€4,117
down €4,117 (-51.0%), from €8,073 to €3,956
of which Taxes: -€4,117
- Gross operating margin -€40,513
down €40,513 (-290.7%), from -€13,936 to -€54,449
- Other operating charges +€5,002
up €5,002 (+929.0%), from €538 to €5,540
- Financial charges +€1,337
up €1,337 (+32.9%), from €4,063 to €5,400
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 | €129,638 | €152,215 | +€22,576 | +17.4% |
| Fixed assets | 21/28 | €1,200 | €60,053 | +€58,853 | +4904.4% |
| Intangible fixed assets | 21 | - | €58,853 | +€58,853 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €128,438 | €92,162 | -€36,276 | -28.2% |
| Stocks and contracts in progress | 3 | €23,224 | €27,279 | +€4,055 | +17.5% |
| Stocks | 30/36 | €23,224 | €27,279 | +€4,055 | +17.5% |
| Amounts receivable within one year | 40/41 | €40,438 | €17,108 | -€23,330 | -57.7% |
| Trade receivables | 40 | €40,438 | €16,523 | -€23,916 | -59.1% |
| Other amounts receivable | 41 | €0 | €585 | +€585 | |
| Cash at bank and in hand | 54/58 | €62,259 | €46,822 | -€15,437 | -24.8% |
| Deferred charges and accrued income | 490/1 | €2,518 | €953 | -€1,565 | -62.2% |
| Total equity and liabilities | 10/49 | €129,638 | €152,215 | +€22,576 | +17.4% |
| Equity | 10/15 | -€13,755 | -€79,401 | -€65,646 | -477.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,755 | -€84,401 | -€65,646 | -350.0% |
| Amounts payable | 17/49 | €143,393 | €231,616 | +€88,223 | +61.5% |
| Amounts payable after more than one year | 17 | €109,222 | €189,162 | +€79,940 | +73.2% |
| Financial debts | 170/4 | €59,222 | €139,162 | +€79,940 | +135.0% |
| Trade debts | 175 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,020 | €42,454 | +€8,434 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €12,865 | €30,726 | +€17,861 | +138.8% |
| Trade debts | 44 | €13,057 | €7,676 | -€5,381 | -41.2% |
| Suppliers | 440/4 | €13,057 | €7,676 | -€5,381 | -41.2% |
| Taxes, remuneration and social security | 45 | €8,073 | €3,956 | -€4,117 | -51.0% |
| Taxes | 450/3 | €8,073 | €3,956 | -€4,117 | -51.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €25 | €96 | +€70 | +280.7% |
| Accrued charges and deferred income | 492/3 | €151 | €0 | -€151 | -100.0% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Other operating charges | 640/8 | €538 | €5,540 | +€5,002 | +929.0% |
| Gross operating margin | 9900 | -€13,936 | -€54,449 | -€40,513 | -290.7% |
| Operating profit (loss) | 9901 | -€14,474 | -€59,989 | -€45,514 | -314.4% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €4,063 | €5,400 | +€1,337 | +32.9% |
| Recurring financial charges | 65 | €4,063 | €5,400 | +€1,337 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,537 | -€65,382 | -€46,845 | -252.7% |
| Income taxes | 67/77 | €218 | €264 | +€46 | +21.0% |
| Profit (loss) for the period | 9904 | -€18,755 | -€65,646 | -€46,891 | -250.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,755 | -€65,646 | -€46,891 | -250.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.