CLOUDS & WAVES: 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.
CLOUDS & WAVES
Largest movements
- Tangible fixed assets -€10,046
down €10,046 (-5.0%), from €201,425 to €191,378
of which Land and buildings: -€9,165
- Receivables within one year +€9,458
up €9,458 (+26.5%), from €35,747 to €45,205
of which Trade receivables: +€9,458
- Other debts +€74,841
up €74,841 (+104%), from €71,982 to €146,823
- Profit (loss) carried forward -€40,978
down €40,978 (-38.9%), from €105,469 to €64,491
- Trade debts -€18,194
down €18,194 (-41.2%), from €44,165 to €25,971
- Debts after one year -€7,540
down €7,540 (-9.7%), from €77,532 to €69,993
- Tax, wage and social debts -€7,407
down €7,407 (-29.5%), from €25,091 to €17,684
of which Taxes: -€9,657
- Gross operating margin +€12,747
up €12,747 (+15.3%), from €83,464 to €96,211
- Taxes +€3,359
up €3,359 (+22.5%), from €14,903 to €18,262
- Financial charges -€1,159
down €1,159 (-36.4%), from €3,185 to €2,026
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,367 | €352,960 | +€594 | +0.2% |
| Fixed assets | 21/28 | €201,425 | €191,378 | -€10,046 | -5.0% |
| Tangible fixed assets | 22/27 | €201,425 | €191,378 | -€10,046 | -5.0% |
| Land and buildings | 22 | €200,456 | €191,291 | -€9,165 | -4.6% |
| Furniture and vehicles | 24 | €969 | €87 | -€881 | -91.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €150,942 | €161,582 | +€10,640 | +7.0% |
| Amounts receivable within one year | 40/41 | €35,747 | €45,205 | +€9,458 | +26.5% |
| Trade receivables | 40 | €34,825 | €44,283 | +€9,458 | +27.2% |
| Other amounts receivable | 41 | €922 | €922 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,487 | €115,617 | +€3,130 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,708 | €760 | -€1,948 | -71.9% |
| Total equity and liabilities | 10/49 | €352,367 | €352,960 | +€594 | +0.2% |
| Equity | 10/15 | €125,929 | €84,951 | -€40,978 | -32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €105,469 | €64,491 | -€40,978 | -38.9% |
| Amounts payable | 17/49 | €226,438 | €268,010 | +€41,572 | +18.4% |
| Amounts payable after more than one year | 17 | €77,532 | €69,993 | -€7,540 | -9.7% |
| Financial debts | 170/4 | €77,532 | €69,993 | -€7,540 | -9.7% |
| Amounts payable within one year | 42/48 | €148,671 | €198,017 | +€49,346 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €7,434 | €7,540 | +€105 | +1.4% |
| Trade debts | 44 | €44,165 | €25,971 | -€18,194 | -41.2% |
| Suppliers | 440/4 | €44,165 | €25,971 | -€18,194 | -41.2% |
| Taxes, remuneration and social security | 45 | €25,091 | €17,684 | -€7,407 | -29.5% |
| Taxes | 450/3 | €25,091 | €15,434 | -€9,657 | -38.5% |
| Remuneration and social security | 454/9 | €0 | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €71,982 | €146,823 | +€74,841 | +104% |
| Accrued charges and deferred income | 492/3 | €234 | €0 | -€234 | -100% |
| Remuneration, social security and pensions | 62 | -€556 | €0 | +€556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,880 | €10,046 | +€166 | +1.7% |
| Other operating charges | 640/8 | €1,317 | €1,387 | +€69 | +5.2% |
| Gross operating margin | 9900 | €83,464 | €96,211 | +€12,747 | +15.3% |
| Operating profit (loss) | 9901 | €72,823 | €84,779 | +€11,956 | +16.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €3,185 | €2,026 | -€1,159 | -36.4% |
| Recurring financial charges | 65 | €3,185 | €2,026 | -€1,159 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €69,638 | €82,753 | +€13,115 | +18.8% |
| Income taxes | 67/77 | €14,903 | €18,262 | +€3,359 | +22.5% |
| Profit (loss) for the period | 9904 | €54,735 | €64,491 | +€9,756 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,735 | €64,491 | +€9,756 | +17.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.