Cloud Worx: 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 Worx
Largest movements
- Receivables within one year +€62,572
up €62,572 (+32.7%), from €191,459 to €254,031
of which Trade receivables: +€84,801
- Tangible fixed assets -€22,905
down €22,905 (-35.1%), from €65,249 to €42,345
of which Furniture and vehicles: -€23,066
- Deferred charges and accrued income +€9,155
up €9,155 (+916.8%), from €999 to €10,154
- Stocks and contracts +€7,820
up €7,820 (+48.0%), from €16,276 to €24,096
- Tax, wage and social debts +€50,023
up €50,023 (+197.4%), from €25,343 to €75,366
of which Taxes: +€37,707
- Trade debts +€18,852
up €18,852 (+15.1%), from €124,733 to €143,585
- Current portion of long-term debt -€5,350
down €5,350 (-50.2%), from €10,663 to €5,313
- Other debts -€4,875
down €4,875 (-11.2%), from €43,503 to €38,628
- Staff costs +€49,274
up €49,274 (+23.4%), from €210,319 to €259,592
- Gross operating margin +€11,255
up €11,255 (+3.7%), from €307,703 to €318,958
- Taxes -€6,852
down €6,852 (-62.1%), from €11,025 to €4,173
- Depreciation -€6,535
down €6,535 (-26.9%), from €24,272 to €17,736
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 | €324,910 | €384,174 | +€59,263 | +18.2% |
| Fixed assets | 21/28 | €65,949 | €42,845 | -€23,105 | -35.0% |
| Intangible fixed assets | 21 | €700 | €500 | -€200 | -28.6% |
| Tangible fixed assets | 22/27 | €65,249 | €42,345 | -€22,905 | -35.1% |
| Plant, machinery and equipment | 23 | €32,284 | €32,445 | +€161 | +0.5% |
| Furniture and vehicles | 24 | €32,965 | €9,899 | -€23,066 | -70.0% |
| Current assets | 29/58 | €258,961 | €341,329 | +€82,368 | +31.8% |
| Stocks and contracts in progress | 3 | €16,276 | €24,096 | +€7,820 | +48.0% |
| Stocks | 30/36 | €16,276 | €24,096 | +€7,820 | +48.0% |
| Amounts receivable within one year | 40/41 | €191,459 | €254,031 | +€62,572 | +32.7% |
| Trade receivables | 40 | €166,553 | €251,354 | +€84,801 | +50.9% |
| Other amounts receivable | 41 | €24,906 | €2,677 | -€22,228 | -89.2% |
| Cash at bank and in hand | 54/58 | €50,228 | €53,048 | +€2,821 | +5.6% |
| Deferred charges and accrued income | 490/1 | €999 | €10,154 | +€9,155 | +916.8% |
| Total equity and liabilities | 10/49 | €324,910 | €384,174 | +€59,263 | +18.2% |
| Equity | 10/15 | €116,861 | €114,722 | -€2,139 | -1.8% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,800 | €106,661 | -€2,139 | -2.0% |
| Amounts payable | 17/49 | €208,050 | €269,452 | +€61,402 | +29.5% |
| Amounts payable after more than one year | 17 | €3,808 | €6,561 | +€2,753 | +72.3% |
| Financial debts | 170/4 | €3,808 | €6,561 | +€2,753 | +72.3% |
| Amounts payable within one year | 42/48 | €204,242 | €262,891 | +€58,649 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €10,663 | €5,313 | -€5,350 | -50.2% |
| Trade debts | 44 | €124,733 | €143,585 | +€18,852 | +15.1% |
| Suppliers | 440/4 | €124,733 | €143,585 | +€18,852 | +15.1% |
| Taxes, remuneration and social security | 45 | €25,343 | €75,366 | +€50,023 | +197.4% |
| Taxes | 450/3 | €1,128 | €38,836 | +€37,707 | +3341.8% |
| Remuneration and social security | 454/9 | €24,214 | €36,530 | +€12,316 | +50.9% |
| Other amounts payable | 47/48 | €43,503 | €38,628 | -€4,875 | -11.2% |
| Remuneration, social security and pensions | 62 | €210,319 | €259,592 | +€49,274 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,272 | €17,736 | -€6,535 | -26.9% |
| Other operating charges | 640/8 | €1,172 | €968 | -€204 | -17.4% |
| Non-recurring operating charges | 66A | - | €1,264 | +€1,264 | |
| Gross operating margin | 9900 | €307,703 | €318,958 | +€11,255 | +3.7% |
| Operating profit (loss) | 9901 | €71,941 | €39,398 | -€32,543 | -45.2% |
| Financial income | 75/76B | €1,111 | €237 | -€874 | -78.7% |
| Recurring financial income | 75 | €1,111 | €237 | -€874 | -78.7% |
| Financial charges | 65/66B | €1,931 | €2,601 | +€670 | +34.7% |
| Recurring financial charges | 65 | €1,931 | €2,601 | +€670 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €71,121 | €37,034 | -€34,087 | -47.9% |
| Income taxes | 67/77 | €11,025 | €4,173 | -€6,852 | -62.1% |
| Profit (loss) for the period | 9904 | €60,096 | €32,861 | -€27,235 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,096 | €32,861 | -€27,235 | -45.3% |
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 3 October 2026 via checked.be.