Cloudway: 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.
What changed
Cloudway
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€66,686
2024 · €107,833-€41,147
Equity
€830,156
2024 · €790,470+€39,686
Cash
€9,221
2024 · €10,461-€1,240
Balance sheet total
€1.3m
2024 · €1.2m+€103,209
Largest movements
Assets
- Receivables within one year +€110,257
up €110,257 (+9.6%), from €1.2m to €1.3m
of which Trade receivables: +€77,736
Equity and liabilities
- Tax, wage and social debts +€44,070
up €44,070 (+29.1%), from €151,677 to €195,748
of which Taxes: +€33,833
- Reserves +€40,000
up €40,000 (+5.5%), from €727,660 to €767,660
of which Distributable reserves: +€40,000
- Other debts +€27,000
new in 2025: €27,000
Income statement
- Purchases and services +€40,694
up €40,694 (+3.1%), from €1.3m to €1.4m
- Gross operating margin -€29,295
down €29,295 (-2.5%), from €1.2m to €1.2m
- Turnover +€25,975
up €25,975 (+1.0%), from €2.5m to €2.5m
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.
Result 2024
€107,833
Gross operating margin
-€29,295
Staff costs
+€9,016
Depreciation
+€4,313
Write-downs
-€579
Other operating charges
+€2,043
Other operating items
+€100
Financial income
-€2,011
Financial charges
-€12,812
Taxes
-€11,921
Result 2025
€66,686
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.
From operations
+€29,421
Investment
-€3,661
Financing
-€27,000
Cash 2024
€10,461
From operations (derived)
+€29,421
Net result for the year
+€66,686
Depreciation
+€10,308
Receivables within one year
-€110,257
Deferred charges and accrued income
-€838
Provisions
+€423
Trade debts
-€7,971
Tax, wage and social debts
+€44,070
Other debts
+€27,000
Investment (derived)
-€3,661
Investment in fixed assets (net)
-€3,661
Financing
-€27,000
Contributions, distributions and other
-€27,000
Cash 2025
€9,221
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,196,316 | €1,299,525 | +€103,209 | +8.6% |
| Fixed assets | 21/28 | €17,915 | €11,268 | -€6,647 | -37.1% |
| Tangible fixed assets | 22/27 | €17,915 | €11,268 | -€6,647 | -37.1% |
| Plant, machinery and equipment | 23 | €17,915 | €11,268 | -€6,647 | -37.1% |
| Current assets | 29/58 | €1,178,401 | €1,288,257 | +€109,855 | +9.3% |
| Amounts receivable within one year | 40/41 | €1,151,416 | €1,261,673 | +€110,257 | +9.6% |
| Trade receivables | 40 | €406,005 | €483,741 | +€77,736 | +19.1% |
| Other amounts receivable | 41 | €745,411 | €777,932 | +€32,521 | +4.4% |
| Cash at bank and in hand | 54/58 | €10,461 | €9,221 | -€1,240 | -11.9% |
| Deferred charges and accrued income | 490/1 | €16,524 | €17,363 | +€838 | +5.1% |
| Total equity and liabilities | 10/49 | €1,196,316 | €1,299,525 | +€103,209 | +8.6% |
| Equity | 10/15 | €790,470 | €830,156 | +€39,686 | +5.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €727,660 | €767,660 | +€40,000 | +5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,260 | €25,260 | = | 0.0% |
| Distributable reserves | 133 | €696,200 | €736,200 | +€40,000 | +5.7% |
| Profit (loss) carried forward | 14 | €810 | €496 | -€314 | -38.7% |
| Provisions and deferred taxes | 16 | - | €423 | +€423 | |
| Provisions for liabilities and charges | 160/5 | - | €423 | +€423 | |
| Pensions and similar obligations | 160 | - | €423 | +€423 | |
| Amounts payable | 17/49 | €405,846 | €468,945 | +€63,099 | +15.5% |
| Amounts payable within one year | 42/48 | €405,846 | €468,945 | +€63,099 | +15.5% |
| Trade debts | 44 | €254,169 | €246,198 | -€7,971 | -3.1% |
| Suppliers | 440/4 | €254,169 | €246,198 | -€7,971 | -3.1% |
| Taxes, remuneration and social security | 45 | €151,677 | €195,748 | +€44,070 | +29.1% |
| Taxes | 450/3 | €44,944 | €78,777 | +€33,833 | +75.3% |
| Remuneration and social security | 454/9 | €106,734 | €116,971 | +€10,238 | +9.6% |
| Other amounts payable | 47/48 | - | €27,000 | +€27,000 | |
| Turnover | 70 | €2,501,352 | €2,527,327 | +€25,975 | +1.0% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,324,851 | €1,365,545 | +€40,694 | +3.1% |
| Remuneration, social security and pensions | 62 | €1,034,526 | €1,025,510 | -€9,016 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,621 | €10,308 | -€4,313 | -29.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€156 | €423 | +€579 | |
| Other operating charges | 640/8 | €7,449 | €5,406 | -€2,043 | -27.4% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €1,192,578 | €1,163,283 | -€29,295 | -2.5% |
| Operating profit (loss) | 9901 | €136,039 | €121,636 | -€14,402 | -10.6% |
| Financial income | 75/76B | €15,859 | €13,847 | -€2,011 | -12.7% |
| Recurring financial income | 75 | €15,859 | €13,847 | -€2,011 | -12.7% |
| Financial charges | 65/66B | €20,846 | €33,658 | +€12,812 | +61.5% |
| Recurring financial charges | 65 | €20,846 | €33,658 | +€12,812 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €131,051 | €101,825 | -€29,226 | -22.3% |
| Income taxes | 67/77 | €23,218 | €35,139 | +€11,921 | +51.3% |
| Profit (loss) for the period | 9904 | €107,833 | €66,686 | -€41,147 | -38.2% |
| Transfer from tax-exempt reserves | 789 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €192,033 | €66,686 | -€125,347 | -65.3% |
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 6 October 2026 via checked.be.