CLOU: 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.
CLOU
Largest movements
- Tangible fixed assets -€29,193
down €29,193 (-11.0%), from €265,689 to €236,497
- Stocks and contracts +€23,565
up €23,565 (+85.7%), from €27,500 to €51,065
of which Contracts in progress: +€19,330
- Cash +€19,981
up €19,981 (+261.3%), from €7,647 to €27,628
mainly Other debts (+€43,560) and Depreciation (+€32,928)
- Receivables within one year +€18,919
up €18,919 (+39.1%), from €48,429 to €67,348
of which Trade receivables: +€22,039
- Other debts +€43,560
up €43,560 (+190.1%), from €22,914 to €66,474
- Debts after one year -€21,115
down €21,115 (-8.8%), from €239,464 to €218,349
- Trade debts +€12,914
up €12,914 (+74.3%), from €17,388 to €30,302
- Reserves -€6,460
down €6,460 (-13.9%), from €46,340 to €39,880
- Gross operating margin +€14,044
up €14,044 (+29.5%), from €47,532 to €61,577
- Depreciation +€5,669
up €5,669 (+20.8%), from €27,258 to €32,928
- Taxes +€2,128
new in 2025: €2,128
- Financial charges +€1,850
up €1,850 (+20.0%), from €9,266 to €11,116
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.
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 | €354,325 | €385,698 | +€31,373 | +8.9% |
| Fixed assets | 21/28 | €265,689 | €236,497 | -€29,193 | -11.0% |
| Tangible fixed assets | 22/27 | €265,689 | €236,497 | -€29,193 | -11.0% |
| Land and buildings | 22 | €181,466 | €173,633 | -€7,833 | -4.3% |
| Plant, machinery and equipment | 23 | €20,919 | €14,713 | -€6,206 | -29.7% |
| Furniture and vehicles | 24 | €16,746 | €12,432 | -€4,314 | -25.8% |
| Leasing and similar rights | 25 | €46,559 | €35,719 | -€10,840 | -23.3% |
| Current assets | 29/58 | €88,636 | €149,201 | +€60,566 | +68.3% |
| Stocks and contracts in progress | 3 | €27,500 | €51,065 | +€23,565 | +85.7% |
| Stocks | 30/36 | €20,500 | €24,735 | +€4,235 | +20.7% |
| Contracts in progress | 37 | €7,000 | €26,330 | +€19,330 | +276.1% |
| Amounts receivable within one year | 40/41 | €48,429 | €67,348 | +€18,919 | +39.1% |
| Trade receivables | 40 | €37,924 | €59,963 | +€22,039 | +58.1% |
| Other amounts receivable | 41 | €10,505 | €7,385 | -€3,120 | -29.7% |
| Cash at bank and in hand | 54/58 | €7,647 | €27,628 | +€19,981 | +261.3% |
| Deferred charges and accrued income | 490/1 | €5,060 | €3,161 | -€1,898 | -37.5% |
| Total equity and liabilities | 10/49 | €354,325 | €385,698 | +€31,373 | +8.9% |
| Equity | 10/15 | €51,340 | €44,880 | -€6,460 | -12.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,340 | €39,880 | -€6,460 | -13.9% |
| Distributable reserves | 133 | €46,340 | €39,880 | -€6,460 | -13.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €302,985 | €340,818 | +€37,833 | +12.5% |
| Amounts payable after more than one year | 17 | €239,464 | €218,349 | -€21,115 | -8.8% |
| Financial debts | 170/4 | €239,464 | €218,349 | -€21,115 | -8.8% |
| Amounts payable within one year | 42/48 | €62,997 | €120,359 | +€57,362 | +91.1% |
| Current portion of amounts payable after more than one year | 42 | €20,337 | €21,115 | +€778 | +3.8% |
| Trade debts | 44 | €17,388 | €30,302 | +€12,914 | +74.3% |
| Suppliers | 440/4 | €17,388 | €30,302 | +€12,914 | +74.3% |
| Taxes, remuneration and social security | 45 | €2,358 | €2,469 | +€111 | +4.7% |
| Taxes | 450/3 | €206 | €320 | +€113 | +55.0% |
| Remuneration and social security | 454/9 | €2,151 | €2,149 | -€2 | -0.1% |
| Other amounts payable | 47/48 | €22,914 | €66,474 | +€43,560 | +190.1% |
| Accrued charges and deferred income | 492/3 | €525 | €2,110 | +€1,585 | +301.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,258 | €32,928 | +€5,669 | +20.8% |
| Other operating charges | 640/8 | €2,044 | €1,864 | -€180 | -8.8% |
| Non-recurring operating charges | 66A | €2,071 | €0 | -€2,071 | -100.0% |
| Gross operating margin | 9900 | €47,532 | €61,577 | +€14,044 | +29.5% |
| Operating profit (loss) | 9901 | €16,159 | €26,785 | +€10,626 | +65.8% |
| Financial charges | 65/66B | €9,266 | €11,116 | +€1,850 | +20.0% |
| Recurring financial charges | 65 | €9,266 | €11,116 | +€1,850 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €6,894 | €15,669 | +€8,775 | +127.3% |
| Income taxes | 67/77 | - | €2,128 | +€2,128 | |
| Profit (loss) for the period | 9904 | €6,894 | €13,540 | +€6,647 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,894 | €13,540 | +€6,647 | +96.4% |
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 12 October 2026 via checked.be.