The Cloud Architect: 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 Architect
Largest movements
- Tangible fixed assets +€123,581
up €123,581 (+59.7%), from €206,924 to €330,505
of which Land and buildings: +€130,028
- Receivables within one year -€7,431
down €7,431 (-9.9%), from €75,420 to €67,989
of which Trade receivables: -€37,162
- Other debts +€173,731
up €173,731 (+318.7%), from €54,517 to €228,248
- Reserves -€133,776
down €133,776 (-69.5%), from €192,557 to €58,781
- Debts after one year +€99,088
up €99,088 (+73.6%), from €134,566 to €233,653
- Tax, wage and social debts -€30,288
down €30,288 (-97.2%), from €31,174 to €886
- Financial income -€42,113
down €42,113 (-95.0%), from €44,345 to €2,232
- Depreciation +€15,124
up €15,124 (+83.6%), from €18,095 to €33,219
- Gross operating margin -€8,349
down €8,349 (-6.1%), from €137,215 to €128,866
- Other operating charges +€2,627
up €2,627 (+130.7%), from €2,009 to €4,637
- Financial charges +€2,251
up €2,251 (+100.8%), from €2,234 to €4,486
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 | €432,886 | €547,041 | +€114,155 | +26.4% |
| Fixed assets | 21/28 | €244,274 | €369,355 | +€125,081 | +51.2% |
| Tangible fixed assets | 22/27 | €206,924 | €330,505 | +€123,581 | +59.7% |
| Land and buildings | 22 | €199,412 | €329,441 | +€130,028 | +65.2% |
| Plant, machinery and equipment | 23 | €2,308 | €1,064 | -€1,244 | -53.9% |
| Furniture and vehicles | 24 | €5,204 | - | -€5,204 | |
| Financial fixed assets | 28 | €37,350 | €38,850 | +€1,500 | +4.0% |
| Current assets | 29/58 | €188,612 | €177,687 | -€10,925 | -5.8% |
| Amounts receivable within one year | 40/41 | €75,420 | €67,989 | -€7,431 | -9.9% |
| Trade receivables | 40 | €56,870 | €19,708 | -€37,162 | -65.3% |
| Other amounts receivable | 41 | €18,550 | €48,281 | +€29,731 | +160.3% |
| Cash at bank and in hand | 54/58 | €113,192 | €109,698 | -€3,494 | -3.1% |
| Total equity and liabilities | 10/49 | €432,886 | €547,041 | +€114,155 | +26.4% |
| Equity | 10/15 | €195,557 | €61,781 | -€133,776 | -68.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €192,557 | €58,781 | -€133,776 | -69.5% |
| Distributable reserves | 133 | €192,557 | €58,781 | -€133,776 | -69.5% |
| Amounts payable | 17/49 | €237,329 | €485,260 | +€247,931 | +104.5% |
| Amounts payable after more than one year | 17 | €134,566 | €233,653 | +€99,088 | +73.6% |
| Financial debts | 170/4 | €134,566 | €233,653 | +€99,088 | +73.6% |
| Amounts payable within one year | 42/48 | €102,764 | €251,607 | +€148,843 | +144.8% |
| Current portion of amounts payable after more than one year | 42 | €16,015 | €20,433 | +€4,418 | +27.6% |
| Trade debts | 44 | €1,058 | €2,039 | +€981 | +92.8% |
| Suppliers | 440/4 | €1,058 | €2,039 | +€981 | +92.8% |
| Taxes, remuneration and social security | 45 | €31,174 | €886 | -€30,288 | -97.2% |
| Taxes | 450/3 | €31,174 | €886 | -€30,288 | -97.2% |
| Other amounts payable | 47/48 | €54,517 | €228,248 | +€173,731 | +318.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,095 | €33,219 | +€15,124 | +83.6% |
| Other operating charges | 640/8 | €2,009 | €4,637 | +€2,627 | +130.7% |
| Gross operating margin | 9900 | €137,215 | €128,866 | -€8,349 | -6.1% |
| Operating profit (loss) | 9901 | €117,110 | €91,010 | -€26,100 | -22.3% |
| Financial income | 75/76B | €44,345 | €2,232 | -€42,113 | -95.0% |
| Recurring financial income | 75 | €44,345 | €2,232 | -€42,113 | -95.0% |
| Financial charges | 65/66B | €2,234 | €4,486 | +€2,251 | +100.8% |
| Recurring financial charges | 65 | €2,234 | €4,486 | +€2,251 | +100.8% |
| Profit (loss) for the period before taxes | 9903 | €159,221 | €88,756 | -€70,465 | -44.3% |
| Income taxes | 67/77 | €25,446 | €23,880 | -€1,565 | -6.2% |
| Profit (loss) for the period | 9904 | €133,776 | €64,876 | -€68,900 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €133,776 | €64,876 | -€68,900 | -51.5% |
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 5 October 2026 via checked.be.