URBASTEEL: 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.
URBASTEEL
Largest movements
- Receivables within one year +€19,188
new in 2025: €19,188
of which Trade receivables: +€18,201
- Tangible fixed assets -€6,116
down €6,116 (-27.4%), from €22,299 to €16,184
- Cash -€2,548
down €2,548 (-3.7%), from €69,341 to €66,793
mainly Receivables within one year (-€19,188) and Tax, wage and social debts (-€13,294)
- Reserves +€23,280
up €23,280 (+60.7%), from €38,345 to €61,626
- Tax, wage and social debts -€13,294
down €13,294 (-77.7%), from €17,102 to €3,808
- Trade debts +€1,423
up €1,423 (+228%), from €623 to €2,046
- Gross operating margin -€23,274
down €23,274 (-37.6%), from €61,969 to €38,695
- Taxes -€5,504
down €5,504 (-37.9%), from €14,517 to €9,013
- Depreciation -€2,163
down €2,163 (-26.1%), from €8,278 to €6,116
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 | €92,390 | €102,959 | +€10,568 | +11.4% |
| Fixed assets | 21/28 | €22,299 | €16,184 | -€6,116 | -27.4% |
| Tangible fixed assets | 22/27 | €22,299 | €16,184 | -€6,116 | -27.4% |
| Furniture and vehicles | 24 | €22,299 | €16,184 | -€6,116 | -27.4% |
| Current assets | 29/58 | €70,091 | €86,775 | +€16,684 | +23.8% |
| Amounts receivable within one year | 40/41 | - | €19,188 | +€19,188 | |
| Trade receivables | 40 | - | €18,201 | +€18,201 | |
| Other amounts receivable | 41 | - | €987 | +€987 | |
| Cash at bank and in hand | 54/58 | €69,341 | €66,793 | -€2,548 | -3.7% |
| Deferred charges and accrued income | 490/1 | €750 | €794 | +€44 | +5.9% |
| Total equity and liabilities | 10/49 | €92,390 | €102,959 | +€10,568 | +11.4% |
| Equity | 10/15 | €41,345 | €64,626 | +€23,280 | +56.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,345 | €61,626 | +€23,280 | +60.7% |
| Distributable reserves | 133 | €38,345 | €61,626 | +€23,280 | +60.7% |
| Amounts payable | 17/49 | €51,045 | €38,333 | -€12,712 | -24.9% |
| Amounts payable within one year | 42/48 | €51,045 | €38,333 | -€12,712 | -24.9% |
| Trade debts | 44 | €623 | €2,046 | +€1,423 | +228% |
| Suppliers | 440/4 | €623 | €2,046 | +€1,423 | +228% |
| Taxes, remuneration and social security | 45 | €17,102 | €3,808 | -€13,294 | -77.7% |
| Taxes | 450/3 | €17,102 | €3,808 | -€13,294 | -77.7% |
| Other amounts payable | 47/48 | €33,320 | €32,479 | -€841 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,278 | €6,116 | -€2,163 | -26.1% |
| Other operating charges | 640/8 | €599 | €214 | -€385 | -64.3% |
| Gross operating margin | 9900 | €61,969 | €38,695 | -€23,274 | -37.6% |
| Operating profit (loss) | 9901 | €53,091 | €32,365 | -€20,726 | -39.0% |
| Financial charges | 65/66B | €229 | €72 | -€157 | -68.6% |
| Recurring financial charges | 65 | €229 | €72 | -€157 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €52,862 | €32,293 | -€20,569 | -38.9% |
| Income taxes | 67/77 | €14,517 | €9,013 | -€5,504 | -37.9% |
| Profit (loss) for the period | 9904 | €38,345 | €23,280 | -€15,065 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,345 | €23,280 | -€15,065 | -39.3% |
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 16 October 2026 via checked.be.