CLOUD MANAGEMENT: 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.
CLOUD MANAGEMENT
Largest movements
- Cash +€73,703
up €73,703 (+50.8%), from €145,113 to €218,816
mainly Debts after one year (+€31,911) and Depreciation (+€23,430)
- Tangible fixed assets -€23,061
down €23,061 (-46.8%), from €49,320 to €26,259
of which Furniture and vehicles: -€22,400
- Receivables within one year +€7,819
up €7,819 (+13.2%), from €59,412 to €67,231
of which Trade receivables: +€15,551
- Debts after one year +€31,911
up €31,911 (+20.0%), from €159,592 to €191,503
- Reserves +€17,201
up €17,201 (+43.1%), from €39,876 to €57,077
- Other debts +€4,465
up €4,465 (+98.6%), from €4,529 to €8,994
- Gross operating margin +€15,183
up €15,183 (+32.1%), from €47,313 to €62,496
- Taxes +€3,813
up €3,813 (+79.1%), from €4,819 to €8,633
- Depreciation +€1,915
up €1,915 (+8.9%), from €21,516 to €23,430
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 | €254,336 | €312,893 | +€58,557 | +23.0% |
| Fixed assets | 21/28 | €49,470 | €26,409 | -€23,061 | -46.6% |
| Tangible fixed assets | 22/27 | €49,320 | €26,259 | -€23,061 | -46.8% |
| Plant, machinery and equipment | 23 | €1,455 | €793 | -€661 | -45.5% |
| Furniture and vehicles | 24 | €47,865 | €25,465 | -€22,400 | -46.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €204,866 | €286,484 | +€81,618 | +39.8% |
| Amounts receivable within one year | 40/41 | €59,412 | €67,231 | +€7,819 | +13.2% |
| Trade receivables | 40 | €50,181 | €65,731 | +€15,551 | +31.0% |
| Other amounts receivable | 41 | €9,231 | €1,499 | -€7,732 | -83.8% |
| Cash at bank and in hand | 54/58 | €145,113 | €218,816 | +€73,703 | +50.8% |
| Deferred charges and accrued income | 490/1 | €341 | €437 | +€96 | +28.1% |
| Total equity and liabilities | 10/49 | €254,336 | €312,893 | +€58,557 | +23.0% |
| Equity | 10/15 | €58,476 | €75,677 | +€17,201 | +29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,876 | €57,077 | +€17,201 | +43.1% |
| Distributable reserves | 133 | €39,876 | €57,077 | +€17,201 | +43.1% |
| Amounts payable | 17/49 | €195,860 | €237,216 | +€41,356 | +21.1% |
| Amounts payable after more than one year | 17 | €159,592 | €191,503 | +€31,911 | +20.0% |
| Financial debts | 170/4 | €159,592 | €191,503 | +€31,911 | +20.0% |
| Amounts payable within one year | 42/48 | €36,268 | €45,713 | +€9,445 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €19,874 | €20,589 | +€715 | +3.6% |
| Trade debts | 44 | €449 | €2,516 | +€2,066 | +459.8% |
| Suppliers | 440/4 | €449 | €2,516 | +€2,066 | +459.8% |
| Taxes, remuneration and social security | 45 | €11,416 | €13,614 | +€2,198 | +19.3% |
| Taxes | 450/3 | €11,416 | €13,614 | +€2,198 | +19.3% |
| Other amounts payable | 47/48 | €4,529 | €8,994 | +€4,465 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,516 | €23,430 | +€1,915 | +8.9% |
| Other operating charges | 640/8 | €53 | €217 | +€164 | +310.2% |
| Non-recurring operating charges | 66A | - | €1,210 | +€1,210 | |
| Gross operating margin | 9900 | €47,313 | €62,496 | +€15,183 | +32.1% |
| Operating profit (loss) | 9901 | €25,744 | €37,638 | +€11,894 | +46.2% |
| Financial income | 75/76B | €279 | €876 | +€597 | +214.2% |
| Recurring financial income | 75 | €279 | €876 | +€597 | +214.2% |
| Financial charges | 65/66B | €12,565 | €12,680 | +€115 | +0.9% |
| Recurring financial charges | 65 | €12,565 | €12,680 | +€115 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €13,457 | €25,834 | +€12,376 | +92.0% |
| Income taxes | 67/77 | €4,819 | €8,633 | +€3,813 | +79.1% |
| Profit (loss) for the period | 9904 | €8,638 | €17,201 | +€8,563 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,638 | €17,201 | +€8,563 | +99.1% |
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 28 September 2026 via checked.be.