ST2B: what changed
What changed
ST2B
NACE 43.910, Bricklaying and masonry work
filed annual accounts (NBB)
Net result for the year
€62,869
2024 · -€41,277+€104,146
Equity
€364,943
2024 · €302,074+€62,869
Cash
€3,248
2024 · €110+€3,138
Balance sheet total
€810,282
2024 · €833,140-€22,858
Largest movements
Assets
- Tangible fixed assets -€27,266
down €27,266 (-3.3%), from €832,855 to €805,589
Equity and liabilities
- Other debts -€68,177
no longer reported in 2025 (was €68,177)
- Profit (loss) carried forward +€62,869
up €62,869 (+31.8%), from -€197,926 to -€135,057
- Debts after one year -€28,289
down €28,289 (-6.5%), from €434,824 to €406,535
- Trade debts +€10,127
up €10,127 (+1,007%), from €1,006 to €11,133
Income statement
- Gross operating margin +€105,543
up €105,543 (+1,808%), from €5,838 to €111,381
- Other operating charges +€2,152
up €2,152 (+43.7%), from €4,926 to €7,078
- Financial charges -€1,133
down €1,133 (-9.8%), from €11,544 to €10,411
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
-€41,277
Gross operating margin
+€105,543
Depreciation
-€63
Other operating charges
-€2,152
Other operating items
-€319
Financial income
+€4
Financial charges
+€1,133
Result 2025
€62,869
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
+€34,257
Investment
-€3,443
Financing
-€27,677
Cash 2024
€110
From operations (derived)
+€34,257
Net result for the year
+€62,869
Depreciation
+€30,708
Receivables within one year
-€841
Deferred charges and accrued income
-€429
Trade debts
+€10,127
Other debts
-€68,177
Investment (derived)
-€3,443
Investment in fixed assets (net)
-€3,443
Financing
-€27,677
Debts after one year
-€28,289
Current portion of long-term debt
+€612
Cash 2025
€3,248
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €833,140 | €810,282 | -€22,858 | -2.7% |
| Fixed assets | 21/28 | €832,855 | €805,589 | -€27,266 | -3.3% |
| Tangible fixed assets | 22/27 | €832,855 | €805,589 | -€27,266 | -3.3% |
| Land and buildings | 22 | €832,855 | €805,589 | -€27,266 | -3.3% |
| Current assets | 29/58 | €285 | €4,693 | +€4,407 | +1,545% |
| Amounts receivable within one year | 40/41 | €175 | €1,016 | +€841 | +480% |
| Other amounts receivable | 41 | €175 | €1,016 | +€841 | +480% |
| Cash at bank and in hand | 54/58 | €110 | €3,248 | +€3,138 | +2,854% |
| Deferred charges and accrued income | 490/1 | - | €429 | +€429 | |
| Total equity and liabilities | 10/49 | €833,140 | €810,282 | -€22,858 | -2.7% |
| Equity | 10/15 | €302,074 | €364,943 | +€62,869 | +20.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,926 | -€135,057 | +€62,869 | +31.8% |
| Amounts payable | 17/49 | €531,067 | €445,339 | -€85,727 | -16.1% |
| Amounts payable after more than one year | 17 | €434,824 | €406,535 | -€28,289 | -6.5% |
| Financial debts | 170/4 | €434,824 | €406,535 | -€28,289 | -6.5% |
| Amounts payable within one year | 42/48 | €96,243 | €38,804 | -€57,438 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €25,631 | €26,243 | +€612 | +2.4% |
| Trade debts | 44 | €1,006 | €11,133 | +€10,127 | +1,007% |
| Suppliers | 440/4 | €1,006 | €11,133 | +€10,127 | +1,007% |
| Advances received on contracts in progress | 46 | €1,429 | €1,429 | = | 0.0% |
| Other amounts payable | 47/48 | €68,177 | - | -€68,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,646 | €30,708 | +€63 | +0.2% |
| Other operating charges | 640/8 | €4,926 | €7,078 | +€2,152 | +43.7% |
| Non-recurring operating charges | 66A | - | €319 | +€319 | |
| Gross operating margin | 9900 | €5,838 | €111,381 | +€105,543 | +1,808% |
| Operating profit (loss) | 9901 | -€29,734 | €73,276 | +€103,010 | |
| Financial income | 75/76B | €1 | €4 | +€4 | +728% |
| Recurring financial income | 75 | €1 | €4 | +€4 | +728% |
| Financial charges | 65/66B | €11,544 | €10,411 | -€1,133 | -9.8% |
| Recurring financial charges | 65 | €11,544 | €10,411 | -€1,133 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,277 | €62,869 | +€104,146 | |
| Profit (loss) for the period | 9904 | -€41,277 | €62,869 | +€104,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,277 | €62,869 | +€104,146 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.