The Cloud9: 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 Cloud9
Largest movements
- Receivables within one year +€6,107
up €6,107 (+41.2%), from €14,806 to €20,914
of which Trade receivables: +€7,504
- Tangible fixed assets +€2,113
up €2,113 (+87.4%), from €2,417 to €4,530
- Cash +€2,044
up €2,044 (+80.5%), from €2,541 to €4,585
mainly Net result for the year (+€9,535) and Current portion of long-term debt (+€2,280)
- Intangible fixed assets -€679
down €679 (-37.7%), from €1,802 to €1,122
- Deferred charges and accrued income +€660
up €660 (+1101.1%), from €60 to €720
- Reserves +€9,535
up €9,535 (+232.2%), from €4,107 to €13,642
- Tax, wage and social debts -€2,756
down €2,756 (-47.0%), from €5,858 to €3,102
- Current portion of long-term debt +€2,280
new in 2025: €2,280
- Trade debts +€1,013
up €1,013 (+18.8%), from €5,373 to €6,386
- Gross operating margin +€6,136
up €6,136 (+45.0%), from €13,648 to €19,785
- Taxes +€1,493
up €1,493 (+30.4%), from €4,904 to €6,396
- Depreciation -€1,360
down €1,360 (-41.2%), from €3,303 to €1,943
- Financial charges +€515
up €515 (+194.0%), from €265 to €780
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 | €21,625 | €31,871 | +€10,245 | +47.4% |
| Fixed assets | 21/28 | €4,218 | €5,652 | +€1,434 | +34.0% |
| Intangible fixed assets | 21 | €1,802 | €1,122 | -€679 | -37.7% |
| Tangible fixed assets | 22/27 | €2,417 | €4,530 | +€2,113 | +87.4% |
| Furniture and vehicles | 24 | €2,417 | €4,530 | +€2,113 | +87.4% |
| Current assets | 29/58 | €17,407 | €26,218 | +€8,811 | +50.6% |
| Amounts receivable within one year | 40/41 | €14,806 | €20,914 | +€6,107 | +41.2% |
| Trade receivables | 40 | €10,709 | €18,212 | +€7,504 | +70.1% |
| Other amounts receivable | 41 | €4,098 | €2,701 | -€1,396 | -34.1% |
| Cash at bank and in hand | 54/58 | €2,541 | €4,585 | +€2,044 | +80.5% |
| Deferred charges and accrued income | 490/1 | €60 | €720 | +€660 | +1101.1% |
| Total equity and liabilities | 10/49 | €21,625 | €31,871 | +€10,245 | +47.4% |
| Equity | 10/15 | €5,107 | €14,642 | +€9,535 | +186.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,107 | €13,642 | +€9,535 | +232.2% |
| Distributable reserves | 133 | €4,107 | €13,642 | +€9,535 | +232.2% |
| Amounts payable | 17/49 | €16,519 | €17,229 | +€710 | +4.3% |
| Amounts payable within one year | 42/48 | €16,519 | €16,933 | +€414 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €2,280 | +€2,280 | |
| Trade debts | 44 | €5,373 | €6,386 | +€1,013 | +18.8% |
| Suppliers | 440/4 | €5,373 | €6,386 | +€1,013 | +18.8% |
| Taxes, remuneration and social security | 45 | €5,858 | €3,102 | -€2,756 | -47.0% |
| Taxes | 450/3 | €5,858 | €3,102 | -€2,756 | -47.0% |
| Other amounts payable | 47/48 | €5,288 | €5,165 | -€124 | -2.3% |
| Accrued charges and deferred income | 492/3 | - | €296 | +€296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,303 | €1,943 | -€1,360 | -41.2% |
| Other operating charges | 640/8 | €1,075 | €1,130 | +€55 | +5.1% |
| Gross operating margin | 9900 | €13,648 | €19,785 | +€6,136 | +45.0% |
| Operating profit (loss) | 9901 | €9,270 | €16,712 | +€7,442 | +80.3% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €265 | €780 | +€515 | +194.0% |
| Recurring financial charges | 65 | €265 | €780 | +€515 | +194.0% |
| Profit (loss) for the period before taxes | 9903 | €9,010 | €15,932 | +€6,922 | +76.8% |
| Income taxes | 67/77 | €4,904 | €6,396 | +€1,493 | +30.4% |
| Profit (loss) for the period | 9904 | €4,107 | €9,535 | +€5,429 | +132.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,107 | €9,535 | +€5,429 | +132.2% |
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 7 October 2026 via checked.be.