CLOUD GROUP: 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.
What changed
CLOUD GROUP
NACE 61.200, Telecommunications resale and intermediation services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €873,114+€208,825
Equity
€2.5m
2024 · €1.9m+€631,939
Cash
€382,097
2024 · €310,938+€71,159
Balance sheet total
€3.5m
2024 · €3.4m+€142,379
Largest movements
Assets
- Current investments -€454,016
down €454,016 (-64.5%), from €704,016 to €250,000
- Financial fixed assets +€334,900
up €334,900 (+2217.9%), from €15,100 to €350,000
- Intangible fixed assets +€153,250
up €153,250 (+18.2%), from €843,408 to €996,658
- Tangible fixed assets +€111,472
up €111,472 (+17.8%), from €627,107 to €738,579
of which Plant, machinery and equipment: +€64,904
- Receivables after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
Equity and liabilities
- Reserves +€1.4m
up €1.4m (+10064.3%), from €13,414 to €1.4m
- Profit (loss) carried forward -€718,061
down €718,061 (-47.4%), from €1.5m to €798,020
- Trade debts -€417,635
down €417,635 (-61.7%), from €676,637 to €259,003
- Accrued charges and deferred income -€63,452
down €63,452 (-99.9%), from €63,489 to €36
Income statement
- Gross operating margin +€413,160
up €413,160 (+16.3%), from €2.5m to €2.9m
- Staff costs +€151,117
up €151,117 (+14.6%), from €1.0m to €1.2m
- Taxes +€33,205
up €33,205 (+23.1%), from €143,905 to €177,110
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.
Result 2024
€873,114
Gross operating margin
+€413,160
Staff costs
-€151,117
Depreciation
-€26,694
Other operating charges
-€476
Financial income
-€5,084
Financial charges
+€12,240
Taxes
-€33,205
Result 2025
€1.1m
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.
From operations
+€1.2m
Investment
-€650,728
Financing
-€477,780
Cash 2024
€310,938
From operations (derived)
+€1.2m
Net result for the year
+€1.1m
Depreciation
+€505,121
Receivables after one year
+€100,000
Stocks and contracts
-€8,139
Receivables within one year
+€5,454
Deferred charges and accrued income
-€22,929
Trade debts
-€417,635
Tax, wage and social debts
+€12,710
Other debts
+€6,597
Accrued charges and deferred income
-€63,452
Investment (derived)
-€650,728
Investment in fixed assets (net)
-€1.1m
Current investments
+€454,016
Financing
-€477,780
Debts after one year
-€12,500
Current portion of long-term debt
-€15,280
Contributions, distributions and other
-€450,000
Cash 2025
€382,097
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,352,488 | €3,494,867 | +€142,379 | +4.2% |
| Fixed assets | 21/28 | €1,485,615 | €2,085,237 | +€599,622 | +40.4% |
| Intangible fixed assets | 21 | €843,408 | €996,658 | +€153,250 | +18.2% |
| Tangible fixed assets | 22/27 | €627,107 | €738,579 | +€111,472 | +17.8% |
| Plant, machinery and equipment | 23 | €379,418 | €444,321 | +€64,904 | +17.1% |
| Furniture and vehicles | 24 | €247,690 | €294,258 | +€46,569 | +18.8% |
| Financial fixed assets | 28 | €15,100 | €350,000 | +€334,900 | +2217.9% |
| Current assets | 29/58 | €1,866,874 | €1,409,630 | -€457,244 | -24.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Stocks and contracts in progress | 3 | €281,838 | €289,976 | +€8,139 | +2.9% |
| Stocks | 30/36 | €281,838 | €289,976 | +€8,139 | +2.9% |
| Amounts receivable within one year | 40/41 | €405,450 | €399,996 | -€5,454 | -1.3% |
| Trade receivables | 40 | €294,832 | €340,129 | +€45,298 | +15.4% |
| Other amounts receivable | 41 | €110,618 | €59,866 | -€50,752 | -45.9% |
| Current investments | 50/53 | €704,016 | €250,000 | -€454,016 | -64.5% |
| Cash at bank and in hand | 54/58 | €310,938 | €382,097 | +€71,159 | +22.9% |
| Deferred charges and accrued income | 490/1 | €64,632 | €87,561 | +€22,929 | +35.5% |
| Total equity and liabilities | 10/49 | €3,352,488 | €3,494,867 | +€142,379 | +4.2% |
| Equity | 10/15 | €1,898,095 | €2,530,034 | +€631,939 | +33.3% |
| Contributions | 10/11 | €368,600 | €368,600 | = | 0.0% |
| Capital | 10 | €368,600 | €368,600 | = | 0.0% |
| Issued capital | 100 | €368,600 | €368,600 | = | 0.0% |
| Reserves | 13 | €13,414 | €1,363,414 | +€1.4m | +10064.3% |
| Non-distributable reserves | 130/1 | €13,414 | €1,363,414 | +€1.4m | +10064.3% |
| Legal reserve | 130 | €13,414 | €13,414 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,350,000 | +€1.4m | |
| Profit (loss) carried forward | 14 | €1,516,082 | €798,020 | -€718,061 | -47.4% |
| Amounts payable | 17/49 | €1,454,393 | €964,833 | -€489,560 | -33.7% |
| Amounts payable after more than one year | 17 | €37,500 | €25,000 | -€12,500 | -33.3% |
| Financial debts | 170/4 | €37,500 | €25,000 | -€12,500 | -33.3% |
| Amounts payable within one year | 42/48 | €1,353,405 | €939,797 | -€413,608 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €27,780 | €12,500 | -€15,280 | -55.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €676,637 | €259,003 | -€417,635 | -61.7% |
| Suppliers | 440/4 | €676,637 | €259,003 | -€417,635 | -61.7% |
| Taxes, remuneration and social security | 45 | €205,584 | €218,294 | +€12,710 | +6.2% |
| Taxes | 450/3 | €30,917 | €11,364 | -€19,553 | -63.2% |
| Remuneration and social security | 454/9 | €174,667 | €206,930 | +€32,263 | +18.5% |
| Other amounts payable | 47/48 | €443,403 | €450,000 | +€6,597 | +1.5% |
| Accrued charges and deferred income | 492/3 | €63,489 | €36 | -€63,452 | -99.9% |
| Remuneration, social security and pensions | 62 | €1,033,275 | €1,184,393 | +€151,117 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478,427 | €505,121 | +€26,694 | +5.6% |
| Other operating charges | 640/8 | €2,080 | €2,556 | +€476 | +22.9% |
| Gross operating margin | 9900 | €2,532,320 | €2,945,480 | +€413,160 | +16.3% |
| Operating profit (loss) | 9901 | €1,018,537 | €1,253,410 | +€234,873 | +23.1% |
| Financial income | 75/76B | €16,808 | €11,724 | -€5,084 | -30.2% |
| Recurring financial income | 75 | €16,808 | €11,724 | -€5,084 | -30.2% |
| Financial charges | 65/66B | €18,326 | €6,085 | -€12,240 | -66.8% |
| Recurring financial charges | 65 | €18,326 | €6,085 | -€12,240 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €1,017,019 | €1,259,049 | +€242,030 | +23.8% |
| Income taxes | 67/77 | €143,905 | €177,110 | +€33,205 | +23.1% |
| Profit (loss) for the period | 9904 | €873,114 | €1,081,939 | +€208,825 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €873,114 | €1,081,939 | +€208,825 | +23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.