CLOUD WALKER: 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 WALKER
Largest movements
- Receivables within one year +€92,000
up €92,000 (+41.8%), from €220,028 to €312,028
of which Other amounts receivable: +€89,981
- Cash +€76,096
up €76,096 (+82.2%), from €92,602 to €168,698
mainly Net result for the year (+€162,513) and Tax, wage and social debts (+€60,641)
- Tangible fixed assets +€48,924
up €48,924 (+7.3%), from €666,042 to €714,967
of which Land and buildings: +€49,157
- Reserves +€162,513
up €162,513 (+38.6%), from €421,030 to €583,543
- Tax, wage and social debts +€60,641
up €60,641 (+111.7%), from €54,267 to €114,908
of which Taxes: +€60,791
- Other debts -€18,129
down €18,129 (-48.8%), from €37,173 to €19,044
- Gross operating margin +€94,336
up €94,336 (+53.5%), from €176,486 to €270,822
- Taxes +€19,044
up €19,044 (+57.0%), from €33,390 to €52,434
- Financial charges +€4,153
up €4,153 (+19.1%), from €21,783 to €25,936
- Write-downs -€3,750
down €3,750 (-100.0%), from €3,750 to €0
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 | €1,100,760 | €1,318,982 | +€218,222 | +19.8% |
| Fixed assets | 21/28 | €787,002 | €835,927 | +€48,924 | +6.2% |
| Tangible fixed assets | 22/27 | €666,042 | €714,967 | +€48,924 | +7.3% |
| Land and buildings | 22 | €665,809 | €714,967 | +€49,157 | +7.4% |
| Furniture and vehicles | 24 | €233 | €0 | -€233 | -100.0% |
| Financial fixed assets | 28 | €120,960 | €120,960 | = | 0.0% |
| Current assets | 29/58 | €313,758 | €483,056 | +€169,298 | +54.0% |
| Amounts receivable within one year | 40/41 | €220,028 | €312,028 | +€92,000 | +41.8% |
| Trade receivables | 40 | €123,776 | €125,795 | +€2,020 | +1.6% |
| Other amounts receivable | 41 | €96,252 | €186,233 | +€89,981 | +93.5% |
| Cash at bank and in hand | 54/58 | €92,602 | €168,698 | +€76,096 | +82.2% |
| Deferred charges and accrued income | 490/1 | €1,128 | €2,330 | +€1,202 | +106.5% |
| Total equity and liabilities | 10/49 | €1,100,760 | €1,318,982 | +€218,222 | +19.8% |
| Equity | 10/15 | €424,530 | €587,043 | +€162,513 | +38.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €421,030 | €583,543 | +€162,513 | +38.6% |
| Distributable reserves | 133 | €421,030 | €583,543 | +€162,513 | +38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €676,230 | €731,939 | +€55,709 | +8.2% |
| Amounts payable after more than one year | 17 | €512,274 | €515,821 | +€3,546 | +0.7% |
| Financial debts | 170/4 | €512,274 | €515,821 | +€3,546 | +0.7% |
| Amounts payable within one year | 42/48 | €162,976 | €215,012 | +€52,035 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €57,280 | €60,281 | +€3,002 | +5.2% |
| Trade debts | 44 | €11,977 | €18,498 | +€6,522 | +54.5% |
| Suppliers | 440/4 | €11,977 | €18,498 | +€6,522 | +54.5% |
| Advances received on contracts in progress | 46 | €2,280 | €2,280 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €54,267 | €114,908 | +€60,641 | +111.7% |
| Taxes | 450/3 | €52,789 | €113,580 | +€60,791 | +115.2% |
| Remuneration and social security | 454/9 | €1,477 | €1,328 | -€149 | -10.1% |
| Other amounts payable | 47/48 | €37,173 | €19,044 | -€18,129 | -48.8% |
| Accrued charges and deferred income | 492/3 | €979 | €1,107 | +€128 | +13.1% |
| Non-recurring operating income | 76A | - | €71,319 | +€71,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,874 | €27,319 | -€556 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,750 | €0 | -€3,750 | -100.0% |
| Other operating charges | 640/8 | €1,598 | €4,111 | +€2,513 | +157.3% |
| Gross operating margin | 9900 | €176,486 | €270,822 | +€94,336 | +53.5% |
| Operating profit (loss) | 9901 | €143,264 | €239,393 | +€96,129 | +67.1% |
| Financial income | 75/76B | €948 | €1,490 | +€542 | +57.2% |
| Recurring financial income | 75 | €948 | €1,490 | +€542 | +57.2% |
| Financial charges | 65/66B | €21,783 | €25,936 | +€4,153 | +19.1% |
| Recurring financial charges | 65 | €21,783 | €25,936 | +€4,153 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €122,429 | €214,947 | +€92,518 | +75.6% |
| Income taxes | 67/77 | €33,390 | €52,434 | +€19,044 | +57.0% |
| Profit (loss) for the period | 9904 | €89,039 | €162,513 | +€73,474 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,039 | €162,513 | +€73,474 | +82.5% |
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 10 October 2026 via checked.be.