Cloud Innovation: 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.
Cloud Innovation
Largest movements
- Current investments -€440,188
down €440,188 (-56.7%), from €776,196 to €336,008
- Cash +€293,965
up €293,965 (+736.9%), from €39,892 to €333,858
mainly Current investments (+€440,188) and Other debts (+€293,123)
- Receivables within one year -€89,958
down €89,958 (-26.2%), from €344,002 to €254,044
of which Trade receivables: -€61,583
- Tangible fixed assets -€41,882
down €41,882 (-9.5%), from €442,801 to €400,919
of which Other tangible fixed assets: -€24,992
- Reserves -€526,422
down €526,422 (-44.8%), from €1.2m to €647,632
- Other debts +€293,123
new in 2025: €293,123
- Debts after one year -€37,136
down €37,136 (-10.8%), from €344,874 to €307,738
of which Financial debts: -€37,136
- Trade debts -€29,504
down €29,504 (-95.9%), from €30,753 to €1,249
- Tax, wage and social debts +€17,885
new in 2025: €17,885
- Provisions +€350,688
no longer reported in 2025 (was -€350,688)
- Other operating charges -€176,615
down €176,615 (-98.4%), from €179,512 to €2,897
- Financial charges -€102,187
down €102,187 (-87.4%), from €116,878 to €14,691
- Financial income +€53,468
up €53,468 (+112.7%), from €47,455 to €100,923
- Write-downs -€34,898
new in 2025: -€34,898
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 | €1,606,737 | €1,325,962 | -€280,775 | -17.5% |
| Fixed assets | 21/28 | €442,801 | €400,919 | -€41,882 | -9.5% |
| Tangible fixed assets | 22/27 | €442,801 | €400,919 | -€41,882 | -9.5% |
| Furniture and vehicles | 24 | €118,804 | €101,915 | -€16,889 | -14.2% |
| Other tangible fixed assets | 26 | €323,997 | €299,004 | -€24,992 | -7.7% |
| Current assets | 29/58 | €1,163,936 | €925,043 | -€238,893 | -20.5% |
| Amounts receivable within one year | 40/41 | €344,002 | €254,044 | -€89,958 | -26.2% |
| Trade receivables | 40 | €315,627 | €254,044 | -€61,583 | -19.5% |
| Other amounts receivable | 41 | €28,375 | - | -€28,375 | |
| Current investments | 50/53 | €776,196 | €336,008 | -€440,188 | -56.7% |
| Cash at bank and in hand | 54/58 | €39,892 | €333,858 | +€293,965 | +736.9% |
| Deferred charges and accrued income | 490/1 | €3,845 | €1,134 | -€2,712 | -70.5% |
| Total equity and liabilities | 10/49 | €1,606,737 | €1,325,962 | -€280,775 | -17.5% |
| Equity | 10/15 | €1,192,654 | €666,232 | -€526,422 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,174,054 | €647,632 | -€526,422 | -44.8% |
| Distributable reserves | 133 | €1,174,054 | €647,632 | -€526,422 | -44.8% |
| Amounts payable | 17/49 | €414,083 | €659,730 | +€245,648 | +59.3% |
| Amounts payable after more than one year | 17 | €344,874 | €307,738 | -€37,136 | -10.8% |
| Financial debts | 170/4 | €317,874 | €280,738 | -€37,136 | -11.7% |
| Other amounts payable | 178/9 | €27,000 | €27,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,709 | €349,393 | +€282,684 | +423.8% |
| Current portion of amounts payable after more than one year | 42 | €35,956 | €37,136 | +€1,180 | +3.3% |
| Trade debts | 44 | €30,753 | €1,249 | -€29,504 | -95.9% |
| Suppliers | 440/4 | €30,753 | €1,249 | -€29,504 | -95.9% |
| Taxes, remuneration and social security | 45 | - | €17,885 | +€17,885 | |
| Taxes | 450/3 | - | €17,885 | +€17,885 | |
| Other amounts payable | 47/48 | - | €293,123 | +€293,123 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,600 | +€100 | +4.0% |
| Remuneration, social security and pensions | 62 | -€3,808 | - | +€3,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,636 | €58,095 | +€1,459 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€34,898 | -€34,898 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€350,688 | - | +€350,688 | |
| Other operating charges | 640/8 | €179,512 | €2,897 | -€176,615 | -98.4% |
| Gross operating margin | 9900 | €77,077 | €52,924 | -€24,153 | -31.3% |
| Operating profit (loss) | 9901 | €195,426 | €26,829 | -€168,596 | -86.3% |
| Financial income | 75/76B | €47,455 | €100,923 | +€53,468 | +112.7% |
| Recurring financial income | 75 | €47,455 | €100,923 | +€53,468 | +112.7% |
| Financial charges | 65/66B | €116,878 | €14,691 | -€102,187 | -87.4% |
| Recurring financial charges | 65 | €116,878 | €14,691 | -€102,187 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €126,002 | €113,061 | -€12,941 | -10.3% |
| Income taxes | 67/77 | €61,520 | €36,271 | -€25,249 | -41.0% |
| Profit (loss) for the period | 9904 | €64,482 | €76,790 | +€12,308 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,482 | €76,790 | +€12,308 | +19.1% |
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.