B-STUC: what changed
What changed
B-STUC
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
€677,301
2024 · €668,823+€8,478
Equity
€2.3m
2024 · €1.7m+€677,301
Cash
€718,141
2024 · €820,014-€101,873
Balance sheet total
€3.8m
2024 · €2.8m+€950,018
Largest movements
Assets
- Receivables within one year +€938,308
up €938,308 (+74.9%), from €1.3m to €2.2m
of which Trade receivables: +€541,646
- Stocks and contracts +€154,272
up €154,272 (+147%), from €105,144 to €259,416
of which Stocks: +€169,209
- Cash -€101,873
down €101,873 (-12.4%), from €820,014 to €718,141
mainly Receivables within one year (-€938,308) and Stocks and contracts (-€154,272)
Equity and liabilities
- Reserves +€677,301
up €677,301 (+42.6%), from €1.6m to €2.3m
of which Distributable reserves: +€548,612
- Trade debts +€234,316
up €234,316 (+32.6%), from €717,894 to €952,209
- Advances received +€179,785
new in 2025: €179,785
- Short-term financial debts -€53,517
down €53,517 (-17.6%), from €304,461 to €250,944
- Current portion of long-term debt -€41,426
down €41,426 (-81.5%), from €50,843 to €9,417
Income statement
- Turnover +€1.6m
up €1.6m (+23.1%), from €7.0m to €8.6m
- Purchases and services +€1.6m
up €1.6m (+27.0%), from €5.9m to €7.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€668,823
Gross operating margin
-€67,770
Staff costs
-€42,815
Depreciation
+€8,053
Other operating charges
+€42,410
Other operating items
+€15,931
Financial income
+€14,700
Financial charges
-€2,315
Taxes
+€40,285
Result 2025
€677,301
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,560
Investment
-€7,072
Financing
-€104,361
Cash 2024
€820,014
From operations (derived)
+€9,560
Net result for the year
+€677,301
Depreciation
+€31,207
Stocks and contracts
-€154,272
Receivables within one year
-€938,308
Deferred charges and accrued income
+€16,553
Trade debts
+€234,316
Tax, wage and social debts
-€36,895
Advances received
+€179,785
Accrued charges and deferred income
-€128
Investment (derived)
-€7,072
Investment in fixed assets (net)
-€6,422
Current investments
-€650
Financing
-€104,361
Debts after one year
-€9,417
Current portion of long-term debt
-€41,426
Short-term financial debts
-€53,517
Cash 2025
€718,141
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,831,488 | €3,781,506 | +€950,018 | +33.6% |
| Fixed assets | 21/28 | €102,783 | €77,998 | -€24,785 | -24.1% |
| Tangible fixed assets | 22/27 | €102,783 | €77,998 | -€24,785 | -24.1% |
| Land and buildings | 22 | - | €4,569 | +€4,569 | |
| Plant, machinery and equipment | 23 | €18,865 | €14,796 | -€4,069 | -21.6% |
| Furniture and vehicles | 24 | €71,326 | €47,411 | -€23,915 | -33.5% |
| Other tangible fixed assets | 26 | €12,593 | €11,222 | -€1,371 | -10.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,728,705 | €3,703,508 | +€974,803 | +35.7% |
| Amounts receivable after more than one year | 29 | €519,450 | €519,450 | = | 0.0% |
| Other amounts receivable | 291 | €519,450 | €519,450 | = | 0.0% |
| Stocks and contracts in progress | 3 | €105,144 | €259,416 | +€154,272 | +147% |
| Stocks | 30/36 | €10,302 | €179,511 | +€169,209 | +1,643% |
| Contracts in progress | 37 | €94,842 | €79,904 | -€14,938 | -15.8% |
| Amounts receivable within one year | 40/41 | €1,252,298 | €2,190,605 | +€938,308 | +74.9% |
| Trade receivables | 40 | €417,807 | €959,453 | +€541,646 | +130% |
| Other amounts receivable | 41 | €834,490 | €1,231,152 | +€396,662 | +47.5% |
| Current investments | 50/53 | €700 | €1,350 | +€650 | +92.9% |
| Cash at bank and in hand | 54/58 | €820,014 | €718,141 | -€101,873 | -12.4% |
| Deferred charges and accrued income | 490/1 | €31,100 | €14,546 | -€16,553 | -53.2% |
| Total equity and liabilities | 10/49 | €2,831,488 | €3,781,506 | +€950,018 | +33.6% |
| Equity | 10/15 | €1,664,215 | €2,341,516 | +€677,301 | +40.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,589,215 | €2,266,516 | +€677,301 | +42.6% |
| Tax-exempt reserves | 132 | €463,100 | €591,789 | +€128,689 | +27.8% |
| Distributable reserves | 133 | €1,126,115 | €1,674,727 | +€548,612 | +48.7% |
| Amounts payable | 17/49 | €1,167,273 | €1,439,991 | +€272,717 | +23.4% |
| Amounts payable after more than one year | 17 | €22,385 | €12,968 | -€9,417 | -42.1% |
| Financial debts | 170/4 | €22,385 | €12,968 | -€9,417 | -42.1% |
| Amounts payable within one year | 42/48 | €1,144,698 | €1,426,961 | +€282,262 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €50,843 | €9,417 | -€41,426 | -81.5% |
| Financial debts | 43 | €304,461 | €250,944 | -€53,517 | -17.6% |
| Credit institutions | 430/8 | €304,461 | €250,944 | -€53,517 | -17.6% |
| Trade debts | 44 | €717,894 | €952,209 | +€234,316 | +32.6% |
| Suppliers | 440/4 | €717,894 | €952,209 | +€234,316 | +32.6% |
| Advances received on contracts in progress | 46 | - | €179,785 | +€179,785 | |
| Taxes, remuneration and social security | 45 | €67,000 | €30,105 | -€36,895 | -55.1% |
| Taxes | 450/3 | €64,463 | €30,105 | -€34,358 | -53.3% |
| Remuneration and social security | 454/9 | €2,537 | €0 | -€2,537 | -100% |
| Other amounts payable | 47/48 | €4,500 | €4,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €190 | €62 | -€128 | -67.4% |
| Turnover | 70 | €6,954,962 | €8,558,360 | +€1.6m | +23.1% |
| Non-recurring operating income | 76A | €826 | €4,782 | +€3,955 | +479% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,865,470 | €7,448,130 | +€1.6m | +27.0% |
| Remuneration, social security and pensions | 62 | €141,072 | €183,887 | +€42,815 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,260 | €31,207 | -€8,053 | -20.5% |
| Other operating charges | 640/8 | €48,933 | €6,522 | -€42,410 | -86.7% |
| Non-recurring operating charges | 66A | €15,931 | €0 | -€15,931 | -100% |
| Gross operating margin | 9900 | €1,199,667 | €1,131,897 | -€67,770 | -5.6% |
| Operating profit (loss) | 9901 | €954,472 | €910,281 | -€44,192 | -4.6% |
| Financial income | 75/76B | €3,886 | €18,586 | +€14,700 | +378% |
| Recurring financial income | 75 | €3,886 | €18,586 | +€14,700 | +378% |
| Financial charges | 65/66B | €63,579 | €65,894 | +€2,315 | +3.6% |
| Recurring financial charges | 65 | €63,579 | €65,894 | +€2,315 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €894,780 | €862,973 | -€31,806 | -3.6% |
| Income taxes | 67/77 | €225,957 | €185,672 | -€40,285 | -17.8% |
| Profit (loss) for the period | 9904 | €668,823 | €677,301 | +€8,478 | +1.3% |
| Transfer to tax-exempt reserves | 689 | €463,100 | €128,689 | -€334,411 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €205,723 | €548,612 | +€342,890 | +167% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.