Cloud Software Group Belgium: 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 Software Group Belgium
Largest movements
- Receivables within one year -€1.9m
down €1.9m (-38.5%), from €4.9m to €3.0m
of which Trade receivables: -€1.9m
- Cash +€1.1m
up €1.1m (+1297.9%), from €83,413 to €1.2m
mainly Receivables within one year (+€1.9m) and Net result for the year (+€174,908)
- Trade debts -€1.1m
down €1.1m (-97.7%), from €1.1m to €25,754
- Profit (loss) carried forward +€174,908
up €174,908 (+5.6%), from €3.1m to €3.3m
- Tax, wage and social debts +€116,247
up €116,247 (+16.3%), from €715,224 to €831,471
of which Taxes: +€81,345
- Turnover +€2.0m
up €2.0m (+74.5%), from €2.6m to €4.6m
- Gross operating margin +€1.9m
up €1.9m (+75.1%), from €2.6m to €4.5m
- Staff costs -€298,060
down €298,060 (-13.3%), from €2.2m to €1.9m
- Purchases and services +€46,674
up €46,674 (+54.6%), from €85,555 to €132,229
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 | €4,978,623 | €4,168,664 | -€809,959 | -16.3% |
| Fixed assets | 21/28 | €10,470 | €0 | -€10,470 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €10,470 | €0 | -€10,470 | -100.0% |
| Current assets | 29/58 | €4,968,153 | €4,168,664 | -€799,489 | -16.1% |
| Amounts receivable within one year | 40/41 | €4,884,740 | €3,002,630 | -€1.9m | -38.5% |
| Trade receivables | 40 | €4,880,262 | €2,997,573 | -€1.9m | -38.6% |
| Other amounts receivable | 41 | €4,478 | €5,057 | +€580 | +12.9% |
| Cash at bank and in hand | 54/58 | €83,413 | €1,166,034 | +€1.1m | +1297.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,978,623 | €4,168,664 | -€809,959 | -16.3% |
| Equity | 10/15 | €3,136,530 | €3,311,439 | +€174,908 | +5.6% |
| Contributions | 10/11 | €6,333 | €6,333 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,128,297 | €3,303,205 | +€174,908 | +5.6% |
| Amounts payable | 17/49 | €1,842,093 | €857,225 | -€984,868 | -53.5% |
| Amounts payable within one year | 42/48 | €1,842,093 | €857,225 | -€984,868 | -53.5% |
| Trade debts | 44 | €1,126,869 | €25,754 | -€1.1m | -97.7% |
| Suppliers | 440/4 | €1,126,869 | €25,754 | -€1.1m | -97.7% |
| Taxes, remuneration and social security | 45 | €715,224 | €831,471 | +€116,247 | +16.3% |
| Taxes | 450/3 | €12,247 | €93,592 | +€81,345 | +664.2% |
| Remuneration and social security | 454/9 | €702,978 | €737,879 | +€34,902 | +5.0% |
| Turnover | 70 | €2,641,442 | €4,608,265 | +€2.0m | +74.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €85,555 | €132,229 | +€46,674 | +54.6% |
| Remuneration, social security and pensions | 62 | €2,247,666 | €1,949,606 | -€298,060 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,537 | €0 | -€5,537 | -100.0% |
| Other operating charges | 640/8 | €103 | €14,383 | +€14,280 | +13875.0% |
| Non-recurring operating charges | 66A | €153,066 | €2,246,270 | +€2.1m | +1367.5% |
| Gross operating margin | 9900 | €2,555,887 | €4,476,036 | +€1.9m | +75.1% |
| Operating profit (loss) | 9901 | €149,516 | €265,777 | +€116,261 | +77.8% |
| Financial income | 75/76B | €707 | €604 | -€103 | -14.6% |
| Recurring financial income | 75 | €707 | €604 | -€103 | -14.6% |
| Financial charges | 65/66B | €0 | €6,447 | +€6,447 | |
| Recurring financial charges | 65 | €0 | €6,447 | +€6,447 | |
| Profit (loss) for the period before taxes | 9903 | €150,223 | €259,934 | +€109,711 | +73.0% |
| Income taxes | 67/77 | €48,493 | €85,025 | +€36,532 | +75.3% |
| Profit (loss) for the period | 9904 | €101,729 | €174,908 | +€73,179 | +71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,729 | €174,908 | +€73,179 | +71.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.