CLOUDS: 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.
CLOUDS
Largest movements
- Cash +€31,648
up €31,648 (+75.3%), from €42,030 to €73,677
mainly Accrued charges and deferred income (+€38,500) and Trade debts (+€9,270)
- Receivables within one year +€7,239
up €7,239 (+7.7%), from €94,440 to €101,679
of which Other amounts receivable: +€85,100
- Accrued charges and deferred income +€38,500
new in 2025: €38,500
- Debts after one year -€16,969
down €16,969 (-92.2%), from €18,407 to €1,438
- Trade debts +€9,270
up €9,270 (+393.1%), from €2,358 to €11,628
- Profit (loss) carried forward +€6,015
up €6,015 (+4.5%), from -€134,111 to -€128,096
- Gross operating margin -€100,402
down €100,402 (-92.7%), from €108,322 to €7,920
- Staff costs -€18,980
down €18,980 (-97.1%), from €19,547 to €566
- Financial charges -€9,457
down €9,457 (-87.4%), from €10,820 to €1,363
- Other operating charges -€2,212
down €2,212 (-80.3%), from €2,756 to €544
- Financial income +€1,150
new in 2025: €1,150
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 | €138,806 | €177,539 | +€38,733 | +27.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,336 | €1,099 | -€1,237 | -52.9% |
| Tangible fixed assets | 22/27 | €1,794 | €1,099 | -€695 | -38.7% |
| Furniture and vehicles | 24 | €121 | €0 | -€121 | -100.0% |
| Other tangible fixed assets | 26 | €1,673 | €1,099 | -€574 | -34.3% |
| Financial fixed assets | 28 | €542 | €0 | -€542 | -100.0% |
| Current assets | 29/58 | €136,470 | €176,440 | +€39,970 | +29.3% |
| Amounts receivable within one year | 40/41 | €94,440 | €101,679 | +€7,239 | +7.7% |
| Trade receivables | 40 | €89,511 | €11,650 | -€77,861 | -87.0% |
| Other amounts receivable | 41 | €4,929 | €90,029 | +€85,100 | +1726.7% |
| Cash at bank and in hand | 54/58 | €42,030 | €73,677 | +€31,648 | +75.3% |
| Deferred charges and accrued income | 490/1 | - | €1,083 | +€1,083 | |
| Total equity and liabilities | 10/49 | €138,806 | €177,539 | +€38,733 | +27.9% |
| Equity | 10/15 | €98,798 | €104,813 | +€6,015 | +6.1% |
| Contributions | 10/11 | €228,600 | €228,600 | = | 0.0% |
| Reserves | 13 | €4,308 | €4,308 | = | 0.0% |
| Distributable reserves | 133 | €4,308 | €4,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,111 | -€128,096 | +€6,015 | +4.5% |
| Amounts payable | 17/49 | €40,008 | €72,726 | +€32,718 | +81.8% |
| Amounts payable after more than one year | 17 | €18,407 | €1,438 | -€16,969 | -92.2% |
| Financial debts | 170/4 | €18,407 | €1,438 | -€16,969 | -92.2% |
| Amounts payable within one year | 42/48 | €21,601 | €32,788 | +€11,187 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €16,448 | €16,969 | +€521 | +3.2% |
| Trade debts | 44 | €2,358 | €11,628 | +€9,270 | +393.1% |
| Suppliers | 440/4 | €2,358 | €11,628 | +€9,270 | +393.1% |
| Taxes, remuneration and social security | 45 | €113 | €1,453 | +€1,340 | +1187.7% |
| Taxes | 450/3 | €113 | €1,453 | +€1,340 | +1187.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,682 | €2,737 | +€55 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €38,500 | +€38,500 | |
| Remuneration, social security and pensions | 62 | €19,547 | €566 | -€18,980 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,603 | €695 | -€908 | -56.6% |
| Other operating charges | 640/8 | €2,756 | €544 | -€2,212 | -80.3% |
| Gross operating margin | 9900 | €108,322 | €7,920 | -€100,402 | -92.7% |
| Operating profit (loss) | 9901 | €84,416 | €6,115 | -€78,301 | -92.8% |
| Financial income | 75/76B | - | €1,150 | +€1,150 | |
| Recurring financial income | 75 | - | €1,150 | +€1,150 | |
| Financial charges | 65/66B | €10,820 | €1,363 | -€9,457 | -87.4% |
| Recurring financial charges | 65 | €10,820 | €1,363 | -€9,457 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €73,596 | €5,902 | -€67,694 | -92.0% |
| Income taxes | 67/77 | - | -€113 | -€113 | |
| Profit (loss) for the period | 9904 | €73,596 | €6,015 | -€67,581 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,596 | €6,015 | -€67,581 | -91.8% |
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 8 October 2026 via checked.be.