EUCLIDE ENGINEERING: 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.
EUCLIDE ENGINEERING
Largest movements
- Cash -€80,005
down €80,005 (-28.5%), from €280,741 to €200,736
mainly Net result for the year (-€126,488) and Short-term financial debts (-€12,031)
- Profit (loss) carried forward -€126,488
down €126,488 (-33.4%), from €378,966 to €252,478
- Other debts +€57,994
up €57,994 (+3,246%), from €1,787 to €59,781
- Short-term financial debts -€12,031
no longer reported in 2025 (was €12,031)
- Provisions -€5,000
no longer reported in 2025 (was €5,000)
- Trade debts +€4,831
up €4,831 (+25.0%), from €19,313 to €24,144
- Gross operating margin +€50,264
up €50,264 (+76.5%), from -€65,665 to -€15,401
- Financial income -€13,201
down €13,201 (-90.9%), from €14,522 to €1,321
- Taxes -€11,165
down €11,165 (-67.9%), from €16,451 to €5,286
- Purchases and services -€10,308
down €10,308 (-7.2%), from €142,247 to €131,939
- Financial charges +€6,006
up €6,006 (+6.6%), from €90,411 to €96,417
of which Non-recurring financial charges: +€4,190
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 | €437,605 | €357,158 | -€80,447 | -18.4% |
| Fixed assets | 21/28 | €6,498 | €6,301 | -€196 | -3.0% |
| Tangible fixed assets | 22/27 | €6,498 | €6,241 | -€256 | -3.9% |
| Plant, machinery and equipment | 23 | €2,655 | €4,436 | +€1,781 | +67.1% |
| Furniture and vehicles | 24 | €3,843 | €1,806 | -€2,037 | -53.0% |
| Financial fixed assets | 28 | €0 | €60 | +€60 | |
| Current assets | 29/58 | €431,107 | €350,856 | -€80,251 | -18.6% |
| Amounts receivable within one year | 40/41 | €139,785 | €142,200 | +€2,415 | +1.7% |
| Trade receivables | 40 | €135,755 | €139,189 | +€3,434 | +2.5% |
| Other amounts receivable | 41 | €4,029 | €3,011 | -€1,019 | -25.3% |
| Current investments | 50/53 | €7,050 | €4,626 | -€2,424 | -34.4% |
| Cash at bank and in hand | 54/58 | €280,741 | €200,736 | -€80,005 | -28.5% |
| Deferred charges and accrued income | 490/1 | €3,531 | €3,294 | -€238 | -6.7% |
| Total equity and liabilities | 10/49 | €437,605 | €357,158 | -€80,447 | -18.4% |
| Equity | 10/15 | €399,417 | €272,929 | -€126,488 | -31.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378,966 | €252,478 | -€126,488 | -33.4% |
| Provisions and deferred taxes | 16 | €5,000 | - | -€5,000 | |
| Provisions for liabilities and charges | 160/5 | €5,000 | - | -€5,000 | |
| Other liabilities and charges | 164/5 | €5,000 | - | -€5,000 | |
| Amounts payable | 17/49 | €33,187 | €84,229 | +€51,041 | +154% |
| Amounts payable within one year | 42/48 | €33,187 | €84,229 | +€51,041 | +154% |
| Financial debts | 43 | €12,031 | - | -€12,031 | |
| Credit institutions | 430/8 | €12,031 | - | -€12,031 | |
| Trade debts | 44 | €19,313 | €24,144 | +€4,831 | +25.0% |
| Suppliers | 440/4 | €19,313 | €24,144 | +€4,831 | +25.0% |
| Taxes, remuneration and social security | 45 | €57 | €304 | +€246 | +430% |
| Taxes | 450/3 | €57 | €304 | +€246 | +430% |
| Other amounts payable | 47/48 | €1,787 | €59,781 | +€57,994 | +3,246% |
| Goods, raw materials, services and sundry goods | 60/61 | €142,247 | €131,939 | -€10,308 | -7.2% |
| Remuneration, social security and pensions | 62 | - | €4,188 | +€4,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,628 | €4,799 | -€2,829 | -37.1% |
| Other operating charges | 640/8 | €1,179 | €1,719 | +€540 | +45.8% |
| Gross operating margin | 9900 | -€65,665 | -€15,401 | +€50,264 | +76.5% |
| Operating profit (loss) | 9901 | -€74,473 | -€26,107 | +€48,366 | +64.9% |
| Financial income | 75/76B | €14,522 | €1,321 | -€13,201 | -90.9% |
| Recurring financial income | 75 | €14,522 | €1,321 | -€13,201 | -90.9% |
| Financial charges | 65/66B | €90,411 | €96,417 | +€6,006 | +6.6% |
| Recurring financial charges | 65 | €58,911 | €60,727 | +€1,816 | +3.1% |
| Non-recurring financial charges | 66B | €31,500 | €35,690 | +€4,190 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€150,362 | -€121,202 | +€29,159 | +19.4% |
| Income taxes | 67/77 | €16,451 | €5,286 | -€11,165 | -67.9% |
| Profit (loss) for the period | 9904 | -€166,812 | -€126,488 | +€40,324 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€166,812 | -€126,488 | +€40,324 | +24.2% |
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 24 October 2026 via checked.be.