EUCLIDES: 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.
EUCLIDES
Largest movements
- Tangible fixed assets +€339,121
up €339,121 (+7208.4%), from €4,705 to €343,826
of which Land and buildings: +€339,708
- Cash -€62,758
down €62,758 (-74.6%), from €84,096 to €21,338
mainly Investment in fixed assets (net) (-€400,515) and Net result for the year (-€22,623)
- Intangible fixed assets -€7,733
down €7,733 (-6.4%), from €120,055 to €112,322
- Debts after one year +€235,219
up €235,219 (+3058.0%), from €7,692 to €242,911
- Other debts +€71,180
up €71,180 (+126.3%), from €56,354 to €127,534
- Profit (loss) carried forward -€22,623
down €22,623 (-110.7%), from -€20,444 to -€43,066
- Trade debts -€22,323
down €22,323 (-71.2%), from €31,349 to €9,026
- Tax, wage and social debts +€17,345
up €17,345 (+74.1%), from €23,420 to €40,765
of which Taxes: +€11,845
- Depreciation +€47,466
up €47,466 (+220.7%), from €21,511 to €68,977
- Taxes -€13,631
down €13,631 (-98.5%), from €13,841 to €210
- Financial charges +€11,390
up €11,390 (+202.9%), from €5,614 to €17,004
- Gross operating margin -€5,604
down €5,604 (-6.8%), from €82,150 to €76,546
- Other operating charges +€4,064
up €4,064 (+59.3%), from €6,859 to €10,923
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 | €270,938 | €541,289 | +€270,351 | +99.8% |
| Fixed assets | 21/28 | €124,808 | €456,346 | +€331,538 | +265.6% |
| Intangible fixed assets | 21 | €120,055 | €112,322 | -€7,733 | -6.4% |
| Tangible fixed assets | 22/27 | €4,705 | €343,826 | +€339,121 | +7208.4% |
| Land and buildings | 22 | - | €339,708 | +€339,708 | |
| Plant, machinery and equipment | 23 | €4,705 | €4,117 | -€587 | -12.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €49 | €199 | +€150 | +306.1% |
| Current assets | 29/58 | €146,130 | €84,943 | -€61,187 | -41.9% |
| Amounts receivable within one year | 40/41 | €56,812 | €58,717 | +€1,905 | +3.4% |
| Trade receivables | 40 | €54,377 | €58,717 | +€4,340 | +8.0% |
| Other amounts receivable | 41 | €2,435 | €0 | -€2,435 | -100.0% |
| Cash at bank and in hand | 54/58 | €84,096 | €21,338 | -€62,758 | -74.6% |
| Deferred charges and accrued income | 490/1 | €5,223 | €4,888 | -€334 | -6.4% |
| Total equity and liabilities | 10/49 | €270,938 | €541,289 | +€270,351 | +99.8% |
| Equity | 10/15 | €91,322 | €68,700 | -€22,623 | -24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,166 | €93,166 | = | 0.0% |
| Distributable reserves | 133 | €93,166 | €93,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,444 | -€43,066 | -€22,623 | -110.7% |
| Amounts payable | 17/49 | €179,616 | €472,589 | +€292,974 | +163.1% |
| Amounts payable after more than one year | 17 | €7,692 | €242,911 | +€235,219 | +3058.0% |
| Financial debts | 170/4 | €7,692 | €242,911 | +€235,219 | +3058.0% |
| Amounts payable within one year | 42/48 | €141,686 | €194,472 | +€52,785 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €30,563 | €17,147 | -€13,416 | -43.9% |
| Trade debts | 44 | €31,349 | €9,026 | -€22,323 | -71.2% |
| Suppliers | 440/4 | €31,349 | €9,026 | -€22,323 | -71.2% |
| Taxes, remuneration and social security | 45 | €23,420 | €40,765 | +€17,345 | +74.1% |
| Taxes | 450/3 | €23,420 | €35,265 | +€11,845 | +50.6% |
| Remuneration and social security | 454/9 | - | €5,500 | +€5,500 | |
| Other amounts payable | 47/48 | €56,354 | €127,534 | +€71,180 | +126.3% |
| Accrued charges and deferred income | 492/3 | €30,237 | €35,206 | +€4,969 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,511 | €68,977 | +€47,466 | +220.7% |
| Other operating charges | 640/8 | €6,859 | €10,923 | +€4,064 | +59.3% |
| Non-recurring operating charges | 66A | - | €2,400 | +€2,400 | |
| Gross operating margin | 9900 | €82,150 | €76,546 | -€5,604 | -6.8% |
| Operating profit (loss) | 9901 | €53,781 | -€5,754 | -€59,534 | |
| Financial income | 75/76B | €26 | €345 | +€319 | +1214.3% |
| Recurring financial income | 75 | €26 | €345 | +€319 | +1214.3% |
| Financial charges | 65/66B | €5,614 | €17,004 | +€11,390 | +202.9% |
| Recurring financial charges | 65 | €5,614 | €17,004 | +€11,390 | +202.9% |
| Profit (loss) for the period before taxes | 9903 | €48,193 | -€22,413 | -€70,606 | |
| Income taxes | 67/77 | €13,841 | €210 | -€13,631 | -98.5% |
| Profit (loss) for the period | 9904 | €34,352 | -€22,623 | -€56,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,352 | -€22,623 | -€56,975 |
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 11 October 2026 via checked.be.