EUCLIDES: 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.
EUCLIDES
Largest movements
- Cash +€21,828
up €21,828 (+140.2%), from €15,565 to €37,393
mainly Net result for the year (+€37,815) and Receivables within one year (+€20,862)
- Receivables within one year -€20,862
down €20,862 (-20.5%), from €101,521 to €80,659
of which Trade receivables: -€21,106
- Tangible fixed assets -€1,926
down €1,926 (-48.3%), from €3,988 to €2,062
- Trade debts -€8,144
down €8,144 (-69.6%), from €11,695 to €3,551
- Reserves +€4,815
up €4,815 (+16.8%), from €28,589 to €33,404
- Tax, wage and social debts +€2,895
up €2,895 (+40.9%), from €7,072 to €9,966
- Gross operating margin -€37,259
down €37,259 (-41.6%), from €89,520 to €52,261
- Taxes -€11,537
down €11,537 (-49.4%), from €23,332 to €11,795
- Other operating charges -€2,158
down €2,158 (-97.6%), from €2,210 to €52
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 | €121,074 | €120,114 | -€960 | -0.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,988 | €2,062 | -€1,926 | -48.3% |
| Tangible fixed assets | 22/27 | €3,988 | €2,062 | -€1,926 | -48.3% |
| Furniture and vehicles | 24 | €3,988 | €2,062 | -€1,926 | -48.3% |
| Current assets | 29/58 | €117,086 | €118,052 | +€966 | +0.8% |
| Amounts receivable within one year | 40/41 | €101,521 | €80,659 | -€20,862 | -20.5% |
| Trade receivables | 40 | €101,508 | €80,402 | -€21,106 | -20.8% |
| Other amounts receivable | 41 | €13 | €257 | +€244 | +1860.7% |
| Cash at bank and in hand | 54/58 | €15,565 | €37,393 | +€21,828 | +140.2% |
| Total equity and liabilities | 10/49 | €121,074 | €120,114 | -€960 | -0.8% |
| Equity | 10/15 | €72,653 | €77,468 | +€4,815 | +6.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,589 | €33,404 | +€4,815 | +16.8% |
| Distributable reserves | 133 | €28,589 | €33,404 | +€4,815 | +16.8% |
| Profit (loss) carried forward | 14 | €41,064 | €41,064 | = | 0.0% |
| Amounts payable | 17/49 | €48,421 | €42,645 | -€5,775 | -11.9% |
| Amounts payable within one year | 42/48 | €48,421 | €42,645 | -€5,775 | -11.9% |
| Trade debts | 44 | €11,695 | €3,551 | -€8,144 | -69.6% |
| Suppliers | 440/4 | €11,695 | €3,551 | -€8,144 | -69.6% |
| Taxes, remuneration and social security | 45 | €7,072 | €9,966 | +€2,895 | +40.9% |
| Taxes | 450/3 | €7,072 | €9,966 | +€2,895 | +40.9% |
| Other amounts payable | 47/48 | €29,654 | €29,128 | -€526 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,995 | €1,926 | -€69 | -3.4% |
| Other operating charges | 640/8 | €2,210 | €52 | -€2,158 | -97.6% |
| Gross operating margin | 9900 | €89,520 | €52,261 | -€37,259 | -41.6% |
| Operating profit (loss) | 9901 | €85,315 | €50,283 | -€35,032 | -41.1% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €394 | €673 | +€279 | +70.8% |
| Recurring financial charges | 65 | €394 | €673 | +€279 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €84,921 | €49,610 | -€35,311 | -41.6% |
| Income taxes | 67/77 | €23,332 | €11,795 | -€11,537 | -49.4% |
| Profit (loss) for the period | 9904 | €61,589 | €37,815 | -€23,774 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,589 | €37,815 | -€23,774 | -38.6% |
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 2 October 2026 via checked.be.