CLOUD PILOTS: 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 PILOTS
Largest movements
- Cash -€61,565
down €61,565 (-37.3%), from €165,071 to €103,507
mainly Contributions, distributions and other (-€297,667) and Debts after one year (-€12,305)
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€22,355
down €22,355 (-22.6%), from €99,012 to €76,657
of which Furniture and vehicles: -€20,106
- Receivables within one year -€5,600
down €5,600 (-15.0%), from €37,213 to €31,613
of which Other amounts receivable: -€7,087
- Reserves -€187,657
no longer reported in 2025 (was €187,657)
- Other debts +€58,559
up €58,559 (+57.1%), from €102,570 to €161,129
- Debts after one year -€12,305
down €12,305 (-33.9%), from €36,309 to €24,004
- Trade debts +€6,271
up €6,271 (+1,395%), from €450 to €6,720
- Tax, wage and social debts -€4,774
down €4,774 (-63.8%), from €7,488 to €2,714
- Gross operating margin +€24,020
up €24,020 (+16.6%), from €144,794 to €168,814
- Depreciation +€17,780
up €17,780 (+250%), from €7,102 to €24,882
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.
Derived cash bridge
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 | €352,028 | €212,648 | -€139,380 | -39.6% |
| Fixed assets | 21/28 | €99,012 | €76,657 | -€22,355 | -22.6% |
| Tangible fixed assets | 22/27 | €99,012 | €76,657 | -€22,355 | -22.6% |
| Furniture and vehicles | 24 | €81,681 | €61,575 | -€20,106 | -24.6% |
| Other tangible fixed assets | 26 | €17,331 | €15,082 | -€2,248 | -13.0% |
| Current assets | 29/58 | €253,016 | €135,991 | -€117,026 | -46.3% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €37,213 | €31,613 | -€5,600 | -15.0% |
| Trade receivables | 40 | €25,917 | €27,404 | +€1,487 | +5.7% |
| Other amounts receivable | 41 | €11,296 | €4,209 | -€7,087 | -62.7% |
| Cash at bank and in hand | 54/58 | €165,071 | €103,507 | -€61,565 | -37.3% |
| Deferred charges and accrued income | 490/1 | €732 | €871 | +€139 | +19.0% |
| Total equity and liabilities | 10/49 | €352,028 | €212,648 | -€139,380 | -39.6% |
| Equity | 10/15 | €192,657 | €5,000 | -€187,657 | -97.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €187,657 | - | -€187,657 | |
| Distributable reserves | 133 | €187,657 | - | -€187,657 | |
| Amounts payable | 17/49 | €159,371 | €207,648 | +€48,277 | +30.3% |
| Amounts payable after more than one year | 17 | €36,309 | €24,004 | -€12,305 | -33.9% |
| Financial debts | 170/4 | €36,309 | €24,004 | -€12,305 | -33.9% |
| Amounts payable within one year | 42/48 | €122,287 | €182,869 | +€60,582 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €11,779 | €12,305 | +€526 | +4.5% |
| Trade debts | 44 | €450 | €6,720 | +€6,271 | +1,395% |
| Suppliers | 440/4 | €450 | €6,720 | +€6,271 | +1,395% |
| Taxes, remuneration and social security | 45 | €7,488 | €2,714 | -€4,774 | -63.8% |
| Taxes | 450/3 | €7,488 | €2,714 | -€4,774 | -63.8% |
| Other amounts payable | 47/48 | €102,570 | €161,129 | +€58,559 | +57.1% |
| Accrued charges and deferred income | 492/3 | €775 | €775 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,102 | €24,882 | +€17,780 | +250% |
| Other operating charges | 640/8 | €1,715 | €910 | -€806 | -47.0% |
| Non-recurring operating charges | 66A | €6,929 | - | -€6,929 | |
| Gross operating margin | 9900 | €144,794 | €168,814 | +€24,020 | +16.6% |
| Operating profit (loss) | 9901 | €129,047 | €143,023 | +€13,975 | +10.8% |
| Financial income | 75/76B | €1,265 | €6 | -€1,259 | -99.5% |
| Recurring financial income | 75 | €1,265 | €6 | -€1,259 | -99.5% |
| Financial charges | 65/66B | €561 | €2,036 | +€1,475 | +263% |
| Recurring financial charges | 65 | €561 | €2,036 | +€1,475 | +263% |
| Profit (loss) for the period before taxes | 9903 | €129,752 | €140,993 | +€11,241 | +8.7% |
| Income taxes | 67/77 | €29,433 | €30,983 | +€1,550 | +5.3% |
| Profit (loss) for the period | 9904 | €100,318 | €110,010 | +€9,691 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,318 | €110,010 | +€9,691 | +9.7% |
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 13 October 2026 via checked.be.