CLOUD NINE: 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 NINE
Largest movements
- Cash +€136,565
up €136,565 (+85.1%), from €160,422 to €296,986
mainly Receivables within one year (+€111,837) and Depreciation (+€44,990)
- Receivables within one year -€111,837
down €111,837 (-14.4%), from €774,850 to €663,013
of which Trade receivables: -€113,621
- Tangible fixed assets +€43,700
up €43,700 (+168.3%), from €25,966 to €69,666
of which Furniture and vehicles: +€21,872
- Intangible fixed assets -€19,614
down €19,614 (-10.3%), from €189,587 to €169,973
- Financial fixed assets -€13,681
down €13,681 (-65.7%), from €20,831 to €7,149
- Other debts -€62,835
down €62,835 (-24.9%), from €252,500 to €189,665
- Trade debts +€29,805
up €29,805 (+9.8%), from €303,489 to €333,294
- Tax, wage and social debts +€25,488
up €25,488 (+10.6%), from €239,899 to €265,387
of which Remuneration and social security: +€15,925
- Debts after one year +€12,781
new in 2024: €12,781
- Staff costs +€74,640
up €74,640 (+4.0%), from €1.9m to €1.9m
- Gross operating margin +€67,503
up €67,503 (+3.3%), from €2.0m to €2.1m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,186,228 | €1,218,602 | +€32,373 | +2.7% |
| Fixed assets | 21/28 | €236,384 | €246,788 | +€10,404 | +4.4% |
| Intangible fixed assets | 21 | €189,587 | €169,973 | -€19,614 | -10.3% |
| Tangible fixed assets | 22/27 | €25,966 | €69,666 | +€43,700 | +168.3% |
| Land and buildings | 22 | - | €6,754 | +€6,754 | |
| Plant, machinery and equipment | 23 | €9,599 | €27,882 | +€18,283 | +190.5% |
| Furniture and vehicles | 24 | €8,671 | €30,544 | +€21,872 | +252.2% |
| Other tangible fixed assets | 26 | €7,696 | €4,487 | -€3,209 | -41.7% |
| Financial fixed assets | 28 | €20,831 | €7,149 | -€13,681 | -65.7% |
| Current assets | 29/58 | €949,844 | €971,813 | +€21,969 | +2.3% |
| Amounts receivable within one year | 40/41 | €774,850 | €663,013 | -€111,837 | -14.4% |
| Trade receivables | 40 | €742,296 | €628,674 | -€113,621 | -15.3% |
| Other amounts receivable | 41 | €32,554 | €34,339 | +€1,785 | +5.5% |
| Cash at bank and in hand | 54/58 | €160,422 | €296,986 | +€136,565 | +85.1% |
| Deferred charges and accrued income | 490/1 | €14,573 | €11,814 | -€2,759 | -18.9% |
| Total equity and liabilities | 10/49 | €1,186,228 | €1,218,602 | +€32,373 | +2.7% |
| Equity | 10/15 | €148,319 | €159,168 | +€10,848 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,719 | €140,568 | +€10,848 | +8.4% |
| Distributable reserves | 133 | €129,719 | €140,568 | +€10,848 | +8.4% |
| Amounts payable | 17/49 | €1,037,909 | €1,059,434 | +€21,525 | +2.1% |
| Amounts payable after more than one year | 17 | - | €12,781 | +€12,781 | |
| Financial debts | 170/4 | - | €12,781 | +€12,781 | |
| Amounts payable within one year | 42/48 | €1,026,644 | €1,030,895 | +€4,251 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,598 | +€8,598 | |
| Financial debts | 43 | €230,756 | €233,950 | +€3,194 | +1.4% |
| Credit institutions | 430/8 | €230,756 | €233,950 | +€3,194 | +1.4% |
| Trade debts | 44 | €303,489 | €333,294 | +€29,805 | +9.8% |
| Suppliers | 440/4 | €303,489 | €333,294 | +€29,805 | +9.8% |
| Taxes, remuneration and social security | 45 | €239,899 | €265,387 | +€25,488 | +10.6% |
| Taxes | 450/3 | €42,927 | €52,490 | +€9,563 | +22.3% |
| Remuneration and social security | 454/9 | €196,972 | €212,897 | +€15,925 | +8.1% |
| Other amounts payable | 47/48 | €252,500 | €189,665 | -€62,835 | -24.9% |
| Accrued charges and deferred income | 492/3 | €11,265 | €15,759 | +€4,494 | +39.9% |
| Remuneration, social security and pensions | 62 | €1,864,532 | €1,939,172 | +€74,640 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,609 | €44,990 | +€9,381 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€780 | €0 | +€780 | |
| Other operating charges | 640/8 | €22,167 | €9,076 | -€13,091 | -59.1% |
| Gross operating margin | 9900 | €2,019,580 | €2,087,083 | +€67,503 | +3.3% |
| Operating profit (loss) | 9901 | €98,052 | €93,845 | -€4,206 | -4.3% |
| Financial income | 75/76B | €3,177 | €62 | -€3,116 | -98.1% |
| Recurring financial income | 75 | €3,177 | €62 | -€3,116 | -98.1% |
| Financial charges | 65/66B | €26,805 | €44,094 | +€17,289 | +64.5% |
| Recurring financial charges | 65 | €26,805 | €44,094 | +€17,289 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €74,424 | €49,813 | -€24,611 | -33.1% |
| Income taxes | 67/77 | €36,358 | €38,965 | +€2,607 | +7.2% |
| Profit (loss) for the period | 9904 | €38,066 | €10,848 | -€27,218 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,066 | €10,848 | -€27,218 | -71.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.