4CLOUS: 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.
4CLOUS
Largest movements
- Tangible fixed assets -€61,825
down €61,825 (-2.2%), from €2.8m to €2.8m
of which Land and buildings: -€36,472
- Reserves -€66,962
down €66,962 (-2.4%), from €2.8m to €2.7m
of which Distributable reserves: -€66,962
- Gross operating margin +€13,206
up €13,206 (+65.3%), from €20,235 to €33,441
- Other operating charges +€3,048
up €3,048 (+68.2%), from €4,472 to €7,520
- Financial charges -€1,808
down €1,808 (-54.4%), from €3,325 to €1,516
- Depreciation +€1,660
up €1,660 (+1.8%), from €92,602 to €94,261
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 | €2,889,360 | €2,839,643 | -€49,717 | -1.7% |
| Fixed assets | 21/28 | €2,816,374 | €2,754,549 | -€61,825 | -2.2% |
| Tangible fixed assets | 22/27 | €2,816,374 | €2,754,549 | -€61,825 | -2.2% |
| Land and buildings | 22 | €2,247,447 | €2,210,975 | -€36,472 | -1.6% |
| Plant, machinery and equipment | 23 | €18,266 | €14,567 | -€3,698 | -20.2% |
| Furniture and vehicles | 24 | €211,158 | €189,504 | -€21,654 | -10.3% |
| Other tangible fixed assets | 26 | €339,503 | €339,503 | = | 0.0% |
| Current assets | 29/58 | €72,986 | €85,094 | +€12,108 | +16.6% |
| Amounts receivable within one year | 40/41 | €66,238 | €75,700 | +€9,462 | +14.3% |
| Trade receivables | 40 | €6,774 | €10,041 | +€3,267 | +48.2% |
| Other amounts receivable | 41 | €59,464 | €65,659 | +€6,195 | +10.4% |
| Cash at bank and in hand | 54/58 | €4,535 | €6,607 | +€2,072 | +45.7% |
| Deferred charges and accrued income | 490/1 | €2,213 | €2,786 | +€573 | +25.9% |
| Total equity and liabilities | 10/49 | €2,889,360 | €2,839,643 | -€49,717 | -1.7% |
| Equity | 10/15 | €2,821,810 | €2,754,848 | -€66,962 | -2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,759,810 | €2,692,848 | -€66,962 | -2.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,753,610 | €2,686,648 | -€66,962 | -2.4% |
| Amounts payable | 17/49 | €67,550 | €84,795 | +€17,245 | +25.5% |
| Amounts payable within one year | 42/48 | €66,583 | €84,795 | +€18,212 | +27.4% |
| Trade debts | 44 | €5,365 | €12,642 | +€7,277 | +135.6% |
| Suppliers | 440/4 | €5,365 | €12,642 | +€7,277 | +135.6% |
| Advances received on contracts in progress | 46 | - | €4,907 | +€4,907 | |
| Taxes, remuneration and social security | 45 | €686 | €2,344 | +€1,657 | +241.5% |
| Taxes | 450/3 | €686 | €2,344 | +€1,657 | +241.5% |
| Other amounts payable | 47/48 | €60,531 | €64,902 | +€4,372 | +7.2% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,602 | €94,261 | +€1,660 | +1.8% |
| Other operating charges | 640/8 | €4,472 | €7,520 | +€3,048 | +68.2% |
| Gross operating margin | 9900 | €20,235 | €33,441 | +€13,206 | +65.3% |
| Operating profit (loss) | 9901 | -€76,839 | -€68,341 | +€8,498 | +11.1% |
| Financial income | 75/76B | €2,822 | €2,895 | +€73 | +2.6% |
| Recurring financial income | 75 | €2,822 | €2,895 | +€73 | +2.6% |
| Financial charges | 65/66B | €3,325 | €1,516 | -€1,808 | -54.4% |
| Recurring financial charges | 65 | €3,325 | €1,516 | -€1,808 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | -€77,342 | -€66,962 | +€10,380 | +13.4% |
| Profit (loss) for the period | 9904 | -€77,342 | -€66,962 | +€10,380 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,342 | -€66,962 | +€10,380 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.