CLOUDMAX: 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.
CLOUDMAX
Largest movements
- Cash +€41,152
up €41,152 (+47.4%), from €86,902 to €128,054
mainly Net result for the year (+€34,047) and Receivables after one year (+€3,866)
- Receivables after one year -€3,866
down €3,866 (-100%), from €3,866 to €0
- Reserves +€34,047
up €34,047 (+22.3%), from €152,775 to €186,822
- Trade debts -€2,505
down €2,505 (-99.1%), from €2,528 to €23
- Financial charges +€4,033
up €4,033 (+327%), from €1,235 to €5,268
- Gross operating margin -€1,777
down €1,777 (-3.1%), from €57,183 to €55,405
- Taxes -€1,720
down €1,720 (-10.9%), from €15,753 to €14,033
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 | €176,014 | €208,166 | +€32,151 | +18.3% |
| Fixed assets | 21/28 | €4,099 | €2,568 | -€1,531 | -37.3% |
| Tangible fixed assets | 22/27 | €4,099 | €2,568 | -€1,531 | -37.3% |
| Plant, machinery and equipment | 23 | €4,099 | €2,568 | -€1,531 | -37.3% |
| Current assets | 29/58 | €171,916 | €205,598 | +€33,682 | +19.6% |
| Amounts receivable after more than one year | 29 | €3,866 | €0 | -€3,866 | -100% |
| Other amounts receivable | 291 | €3,866 | €0 | -€3,866 | -100% |
| Amounts receivable within one year | 40/41 | €22,947 | €21,082 | -€1,865 | -8.1% |
| Trade receivables | 40 | €17,873 | €16,710 | -€1,163 | -6.5% |
| Other amounts receivable | 41 | €5,074 | €4,372 | -€702 | -13.8% |
| Current investments | 50/53 | €55,000 | €55,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,902 | €128,054 | +€41,152 | +47.4% |
| Deferred charges and accrued income | 490/1 | €3,200 | €1,461 | -€1,739 | -54.3% |
| Total equity and liabilities | 10/49 | €176,014 | €208,166 | +€32,151 | +18.3% |
| Equity | 10/15 | €154,775 | €188,822 | +€34,047 | +22.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €152,775 | €186,822 | +€34,047 | +22.3% |
| Distributable reserves | 133 | €152,775 | €186,822 | +€34,047 | +22.3% |
| Amounts payable | 17/49 | €21,240 | €19,344 | -€1,896 | -8.9% |
| Amounts payable within one year | 42/48 | €20,991 | €17,561 | -€3,430 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €8,826 | €8,808 | -€18 | -0.2% |
| Trade debts | 44 | €2,528 | €23 | -€2,505 | -99.1% |
| Suppliers | 440/4 | €2,528 | €23 | -€2,505 | -99.1% |
| Taxes, remuneration and social security | 45 | €6,288 | €5,790 | -€498 | -7.9% |
| Taxes | 450/3 | €6,288 | €5,790 | -€498 | -7.9% |
| Other amounts payable | 47/48 | €3,349 | €2,940 | -€409 | -12.2% |
| Accrued charges and deferred income | 492/3 | €248 | €1,782 | +€1,534 | +618% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,027 | €1,531 | -€496 | -24.5% |
| Other operating charges | 640/8 | €449 | €527 | +€78 | +17.4% |
| Gross operating margin | 9900 | €57,183 | €55,405 | -€1,777 | -3.1% |
| Operating profit (loss) | 9901 | €54,707 | €53,347 | -€1,360 | -2.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,235 | €5,268 | +€4,033 | +327% |
| Recurring financial charges | 65 | €1,235 | €5,268 | +€4,033 | +327% |
| Profit (loss) for the period before taxes | 9903 | €53,472 | €48,080 | -€5,392 | -10.1% |
| Income taxes | 67/77 | €15,753 | €14,033 | -€1,720 | -10.9% |
| Profit (loss) for the period | 9904 | €37,719 | €34,047 | -€3,672 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,719 | €34,047 | -€3,672 | -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 22 October 2026 via checked.be.