EUCLID LAW: 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.
EUCLID LAW
Largest movements
- Receivables within one year +€339,453
up €339,453 (+138%), from €245,146 to €584,599
of which Trade receivables: +€306,795
- Cash +€33,249
up €33,249 (+24.3%), from €136,844 to €170,092
mainly Net result for the year (+€383,022) and Trade debts (+€68,010)
- Profit (loss) carried forward +€383,022
up €383,022 (+15,484%), from €2,474 to €385,496
- Other debts -€120,390
down €120,390 (-88.9%), from €135,390 to €15,000
- Trade debts +€68,010
up €68,010 (+41.3%), from €164,663 to €232,673
- Tax, wage and social debts +€48,173
up €48,173 (+59.2%), from €81,431 to €129,603
- Advances received -€17,460
down €17,460 (-100%), from €17,460 to €0
- Gross operating margin +€106,167
up €106,167 (+24.9%), from €427,109 to €533,276
- Taxes +€48,173
up €48,173 (+59.2%), from €81,431 to €129,603
- Other operating charges +€10,535
up €10,535 (+1,464%), from €720 to €11,255
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 | €411,417 | €772,772 | +€361,355 | +87.8% |
| Fixed assets | 21/28 | €21,183 | €14,471 | -€6,712 | -31.7% |
| Tangible fixed assets | 22/27 | €21,123 | €14,411 | -€6,712 | -31.8% |
| Furniture and vehicles | 24 | €18,944 | €12,472 | -€6,472 | -34.2% |
| Other tangible fixed assets | 26 | €2,179 | €1,939 | -€240 | -11.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €390,234 | €758,301 | +€368,067 | +94.3% |
| Amounts receivable within one year | 40/41 | €245,146 | €584,599 | +€339,453 | +138% |
| Trade receivables | 40 | €219,621 | €526,417 | +€306,795 | +140% |
| Other amounts receivable | 41 | €25,525 | €58,183 | +€32,658 | +128% |
| Cash at bank and in hand | 54/58 | €136,844 | €170,092 | +€33,249 | +24.3% |
| Deferred charges and accrued income | 490/1 | €8,244 | €3,609 | -€4,635 | -56.2% |
| Total equity and liabilities | 10/49 | €411,417 | €772,772 | +€361,355 | +87.8% |
| Equity | 10/15 | €12,474 | €395,496 | +€383,022 | +3,071% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,474 | €385,496 | +€383,022 | +15,484% |
| Amounts payable | 17/49 | €398,944 | €377,276 | -€21,667 | -5.4% |
| Amounts payable within one year | 42/48 | €398,944 | €377,276 | -€21,667 | -5.4% |
| Trade debts | 44 | €164,663 | €232,673 | +€68,010 | +41.3% |
| Suppliers | 440/4 | €164,663 | €232,673 | +€68,010 | +41.3% |
| Advances received on contracts in progress | 46 | €17,460 | €0 | -€17,460 | -100% |
| Taxes, remuneration and social security | 45 | €81,431 | €129,603 | +€48,173 | +59.2% |
| Taxes | 450/3 | €81,431 | €129,603 | +€48,173 | +59.2% |
| Other amounts payable | 47/48 | €135,390 | €15,000 | -€120,390 | -88.9% |
| Remuneration, social security and pensions | 62 | €915 | €2,313 | +€1,398 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,679 | €6,712 | +€2,033 | +43.5% |
| Other operating charges | 640/8 | €720 | €11,255 | +€10,535 | +1,464% |
| Gross operating margin | 9900 | €427,109 | €533,276 | +€106,167 | +24.9% |
| Operating profit (loss) | 9901 | €420,795 | €512,995 | +€92,200 | +21.9% |
| Financial income | 75/76B | €95 | €51 | -€45 | -47.0% |
| Recurring financial income | 75 | €95 | €51 | -€45 | -47.0% |
| Financial charges | 65/66B | €339 | €420 | +€82 | +24.2% |
| Recurring financial charges | 65 | €339 | €420 | +€82 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €420,552 | €512,625 | +€92,073 | +21.9% |
| Income taxes | 67/77 | €81,431 | €129,603 | +€48,173 | +59.2% |
| Profit (loss) for the period | 9904 | €339,122 | €383,022 | +€43,900 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €339,122 | €383,022 | +€43,900 | +12.9% |
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 28 October 2026 via checked.be.