Black Cloud: 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.
Black Cloud
Largest movements
- Cash +€77,071
up €77,071 (+93.5%), from €82,425 to €159,496
mainly Other debts (+€45,123) and Net result for the year (+€42,341)
- Receivables within one year -€34,329
down €34,329 (-92.4%), from €37,172 to €2,843
of which Trade receivables: -€34,837
- Tangible fixed assets -€2,017
down €2,017 (-32.2%), from €6,258 to €4,241
of which Furniture and vehicles: -€1,395
- Deferred charges and accrued income -€1,985
no longer reported in 2025 (was €1,985)
- Other debts +€45,123
up €45,123 (+538.3%), from €8,382 to €53,505
- Trade debts -€3,414
down €3,414 (-90.6%), from €3,767 to €353
- Tax, wage and social debts -€2,968
down €2,968 (-13.4%), from €22,171 to €19,202
- Gross operating margin +€21,607
up €21,607 (+57.3%), from €37,698 to €59,306
- Taxes +€2,493
up €2,493 (+25.6%), from €9,738 to €12,231
- Other operating charges -€2,453
down €2,453 (-80.1%), from €3,064 to €611
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 | €127,840 | €166,581 | +€38,741 | +30.3% |
| Fixed assets | 21/28 | €6,258 | €4,241 | -€2,017 | -32.2% |
| Tangible fixed assets | 22/27 | €6,258 | €4,241 | -€2,017 | -32.2% |
| Furniture and vehicles | 24 | €4,768 | €3,373 | -€1,395 | -29.3% |
| Other tangible fixed assets | 26 | €1,490 | €869 | -€622 | -41.7% |
| Current assets | 29/58 | €121,582 | €162,339 | +€40,757 | +33.5% |
| Amounts receivable within one year | 40/41 | €37,172 | €2,843 | -€34,329 | -92.4% |
| Trade receivables | 40 | €36,953 | €2,116 | -€34,837 | -94.3% |
| Other amounts receivable | 41 | €219 | €727 | +€508 | +231.4% |
| Cash at bank and in hand | 54/58 | €82,425 | €159,496 | +€77,071 | +93.5% |
| Deferred charges and accrued income | 490/1 | €1,985 | - | -€1,985 | |
| Total equity and liabilities | 10/49 | €127,840 | €166,581 | +€38,741 | +30.3% |
| Equity | 10/15 | €93,521 | €93,521 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €89,521 | €89,521 | = | 0.0% |
| Distributable reserves | 133 | €89,521 | €89,521 | = | 0.0% |
| Amounts payable | 17/49 | €34,319 | €73,060 | +€38,741 | +112.9% |
| Amounts payable within one year | 42/48 | €34,319 | €73,060 | +€38,741 | +112.9% |
| Trade debts | 44 | €3,767 | €353 | -€3,414 | -90.6% |
| Suppliers | 440/4 | €3,767 | €353 | -€3,414 | -90.6% |
| Taxes, remuneration and social security | 45 | €22,171 | €19,202 | -€2,968 | -13.4% |
| Taxes | 450/3 | €22,171 | €19,202 | -€2,968 | -13.4% |
| Other amounts payable | 47/48 | €8,382 | €53,505 | +€45,123 | +538.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,927 | €3,278 | +€351 | +12.0% |
| Other operating charges | 640/8 | €3,064 | €611 | -€2,453 | -80.1% |
| Gross operating margin | 9900 | €37,698 | €59,306 | +€21,607 | +57.3% |
| Operating profit (loss) | 9901 | €31,707 | €55,417 | +€23,709 | +74.8% |
| Financial charges | 65/66B | €956 | €845 | -€112 | -11.7% |
| Recurring financial charges | 65 | €956 | €845 | -€112 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €30,751 | €54,572 | +€23,821 | +77.5% |
| Income taxes | 67/77 | €9,738 | €12,231 | +€2,493 | +25.6% |
| Profit (loss) for the period | 9904 | €21,013 | €42,341 | +€21,328 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,013 | €42,341 | +€21,328 | +101.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.