The Cloud: 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.
The Cloud
Largest movements
- Receivables within one year -€122,894
down €122,894 (-67.2%), from €182,880 to €59,986
of which Trade receivables: -€111,392
- Advances received -€104,094
no longer reported in 2025 (was €104,094)
- Profit (loss) carried forward -€12,082
down €12,082 (-6.0%), from -€201,876 to -€213,958
- Trade debts -€7,301
down €7,301 (-60.4%), from €12,092 to €4,791
- Gross operating margin -€59,819
down €59,819 (-97.7%), from €61,237 to €1,418
- Other operating charges -€8,448
down €8,448 (-61.3%), from €13,780 to €5,333
- Staff costs -€1,811
down €1,811 (-20.9%), from €8,655 to €6,843
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 | €183,932 | €60,178 | -€123,755 | -67.3% |
| Formation expenses | 20 | €239 | - | -€239 | |
| Fixed assets | 21/28 | €429 | €192 | -€238 | -55.4% |
| Tangible fixed assets | 22/27 | €429 | €192 | -€238 | -55.4% |
| Furniture and vehicles | 24 | €429 | €192 | -€238 | -55.4% |
| Current assets | 29/58 | €183,264 | €59,986 | -€123,278 | -67.3% |
| Amounts receivable within one year | 40/41 | €182,880 | €59,986 | -€122,894 | -67.2% |
| Trade receivables | 40 | €111,392 | - | -€111,392 | |
| Other amounts receivable | 41 | €71,488 | €59,986 | -€11,502 | -16.1% |
| Cash at bank and in hand | 54/58 | €383 | - | -€383 | |
| Total equity and liabilities | 10/49 | €183,932 | €60,178 | -€123,755 | -67.3% |
| Equity | 10/15 | -€191,876 | -€203,958 | -€12,082 | -6.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,876 | -€213,958 | -€12,082 | -6.0% |
| Amounts payable | 17/49 | €375,808 | €264,136 | -€111,673 | -29.7% |
| Amounts payable after more than one year | 17 | €257,899 | €258,859 | +€960 | +0.4% |
| Financial debts | 170/4 | €257,899 | €258,859 | +€960 | +0.4% |
| Amounts payable within one year | 42/48 | €117,909 | €5,277 | -€112,633 | -95.5% |
| Financial debts | 43 | - | €46 | +€46 | |
| Credit institutions | 430/8 | - | €46 | +€46 | |
| Trade debts | 44 | €12,092 | €4,791 | -€7,301 | -60.4% |
| Suppliers | 440/4 | €12,092 | €4,791 | -€7,301 | -60.4% |
| Advances received on contracts in progress | 46 | €104,094 | - | -€104,094 | |
| Taxes, remuneration and social security | 45 | €1,722 | €439 | -€1,283 | -74.5% |
| Taxes | 450/3 | €439 | €439 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,283 | - | -€1,283 | |
| Remuneration, social security and pensions | 62 | €8,655 | €6,843 | -€1,811 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €477 | -€7 | -1.4% |
| Other operating charges | 640/8 | €13,780 | €5,333 | -€8,448 | -61.3% |
| Gross operating margin | 9900 | €61,237 | €1,418 | -€59,819 | -97.7% |
| Operating profit (loss) | 9901 | €38,318 | -€11,235 | -€49,553 | |
| Financial income | 75/76B | €117 | - | -€117 | |
| Recurring financial income | 75 | €117 | - | -€117 | |
| Financial charges | 65/66B | €392 | €847 | +€455 | +116.1% |
| Recurring financial charges | 65 | €392 | €847 | +€455 | +116.1% |
| Profit (loss) for the period before taxes | 9903 | €38,043 | -€12,082 | -€50,125 | |
| Profit (loss) for the period | 9904 | €38,043 | -€12,082 | -€50,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,043 | -€12,082 | -€50,125 |
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 30 September 2026 via checked.be.