Clues in the Clouds: 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.
Clues in the Clouds
Largest movements
- Tangible fixed assets +€42,362
up €42,362 (+2,950%), from €1,436 to €43,798
of which Land and buildings: +€42,840
- Cash -€40,555
down €40,555 (-71.5%), from €56,744 to €16,190
mainly Contributions, distributions and other (-€66,187) and Investment in fixed assets (net) (-€45,095)
- Receivables within one year +€40,280
up €40,280 (+224%), from €18,007 to €58,287
of which Other amounts receivable: +€46,685
- Other debts +€58,492
up €58,492 (+1,304%), from €4,485 to €62,976
- Reserves -€53,049
no longer reported in 2025 (was €53,049)
- Debts after one year +€30,033
new in 2025: €30,033
- Tax, wage and social debts +€6,606
up €6,606 (+107%), from €6,161 to €12,767
- Current portion of long-term debt +€5,516
new in 2025: €5,516
- Gross operating margin -€8,559
down €8,559 (-27.9%), from €30,723 to €22,164
- Depreciation +€2,255
up €2,255 (+471%), from €479 to €2,733
- Taxes -€2,027
down €2,027 (-32.9%), from €6,161 to €4,134
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 | €76,187 | €118,274 | +€42,087 | +55.2% |
| Fixed assets | 21/28 | €1,436 | €43,798 | +€42,362 | +2,950% |
| Tangible fixed assets | 22/27 | €1,436 | €43,798 | +€42,362 | +2,950% |
| Land and buildings | 22 | - | €42,840 | +€42,840 | |
| Furniture and vehicles | 24 | €1,436 | €957 | -€479 | -33.3% |
| Current assets | 29/58 | €74,751 | €74,476 | -€275 | -0.4% |
| Amounts receivable within one year | 40/41 | €18,007 | €58,287 | +€40,280 | +224% |
| Trade receivables | 40 | €17,545 | €11,140 | -€6,405 | -36.5% |
| Other amounts receivable | 41 | €462 | €47,147 | +€46,685 | +10,110% |
| Cash at bank and in hand | 54/58 | €56,744 | €16,190 | -€40,555 | -71.5% |
| Total equity and liabilities | 10/49 | €76,187 | €118,274 | +€42,087 | +55.2% |
| Equity | 10/15 | €53,049 | - | -€53,049 | |
| Reserves | 13 | €53,049 | - | -€53,049 | |
| Distributable reserves | 133 | €53,049 | - | -€53,049 | |
| Amounts payable | 17/49 | €23,138 | €118,274 | +€95,136 | +411% |
| Amounts payable after more than one year | 17 | - | €30,033 | +€30,033 | |
| Financial debts | 170/4 | - | €30,033 | +€30,033 | |
| Amounts payable within one year | 42/48 | €23,138 | €88,241 | +€65,103 | +281% |
| Current portion of amounts payable after more than one year | 42 | - | €5,516 | +€5,516 | |
| Trade debts | 44 | €12,492 | €6,981 | -€5,511 | -44.1% |
| Suppliers | 440/4 | €12,492 | €6,981 | -€5,511 | -44.1% |
| Taxes, remuneration and social security | 45 | €6,161 | €12,767 | +€6,606 | +107% |
| Taxes | 450/3 | €6,161 | €12,767 | +€6,606 | +107% |
| Other amounts payable | 47/48 | €4,485 | €62,976 | +€58,492 | +1,304% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €2,733 | +€2,255 | +471% |
| Other operating charges | 640/8 | €813 | €736 | -€77 | -9.5% |
| Gross operating margin | 9900 | €30,723 | €22,164 | -€8,559 | -27.9% |
| Operating profit (loss) | 9901 | €29,432 | €18,695 | -€10,737 | -36.5% |
| Financial charges | 65/66B | €1,489 | €1,423 | -€66 | -4.4% |
| Recurring financial charges | 65 | €1,489 | €1,423 | -€66 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €27,943 | €17,272 | -€10,672 | -38.2% |
| Income taxes | 67/77 | €6,161 | €4,134 | -€2,027 | -32.9% |
| Profit (loss) for the period | 9904 | €21,782 | €13,137 | -€8,645 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,782 | €13,137 | -€8,645 | -39.7% |
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 31 October 2026 via checked.be.