EUCLYD: 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.
EUCLYD
Largest movements
- Intangible fixed assets -€95,311
down €95,311 (-34.4%), from €276,850 to €181,540
- Cash -€65,960
down €65,960 (-94.1%), from €70,069 to €4,109
mainly Net result for the year (-€70,432) and Contributions, distributions and other (-€51,804)
- Profit (loss) carried forward -€70,432
down €70,432 (-46.3%), from -€152,225 to -€222,657
- Investment grants -€51,804
down €51,804 (-42.2%), from €122,689 to €70,884
- Other debts -€48,531
down €48,531 (-8.7%), from €557,178 to €508,647
- Trade debts +€12,125
up €12,125 (+3.3%), from €361,998 to €374,123
- Gross operating margin -€189,283
down €189,283, from €187,583 to -€1,700
- Staff costs -€110,208
down €110,208 (-81.6%), from €135,120 to €24,912
- Depreciation -€10,613
down €10,613 (-10.0%), from €105,924 to €95,311
- Financial income +€10,382
up €10,382 (+25.1%), from €41,423 to €51,804
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 | €898,151 | €739,797 | -€158,354 | -17.6% |
| Fixed assets | 21/28 | €276,850 | €181,540 | -€95,311 | -34.4% |
| Intangible fixed assets | 21 | €276,850 | €181,540 | -€95,311 | -34.4% |
| Current assets | 29/58 | €621,301 | €558,257 | -€63,044 | -10.1% |
| Amounts receivable within one year | 40/41 | €549,590 | €554,148 | +€4,558 | +0.8% |
| Trade receivables | 40 | €490,700 | €502,502 | +€11,802 | +2.4% |
| Other amounts receivable | 41 | €58,890 | €51,645 | -€7,244 | -12.3% |
| Cash at bank and in hand | 54/58 | €70,069 | €4,109 | -€65,960 | -94.1% |
| Deferred charges and accrued income | 490/1 | €1,642 | €0 | -€1,642 | -100.0% |
| Total equity and liabilities | 10/49 | €898,151 | €739,797 | -€158,354 | -17.6% |
| Equity | 10/15 | -€27,537 | -€149,772 | -€122,236 | -443.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,225 | -€222,657 | -€70,432 | -46.3% |
| Investment grants | 15 | €122,689 | €70,884 | -€51,804 | -42.2% |
| Provisions and deferred taxes | 16 | €244 | €0 | -€244 | -100.0% |
| Deferred taxes | 168 | €244 | €0 | -€244 | -100.0% |
| Amounts payable | 17/49 | €925,443 | €889,569 | -€35,874 | -3.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €925,443 | €889,479 | -€35,964 | -3.9% |
| Trade debts | 44 | €361,998 | €374,123 | +€12,125 | +3.3% |
| Suppliers | 440/4 | €361,998 | €374,123 | +€12,125 | +3.3% |
| Taxes, remuneration and social security | 45 | €6,268 | €6,710 | +€442 | +7.1% |
| Taxes | 450/3 | €1,123 | €0 | -€1,123 | -100.0% |
| Remuneration and social security | 454/9 | €5,144 | €6,710 | +€1,565 | +30.4% |
| Other amounts payable | 47/48 | €557,178 | €508,647 | -€48,531 | -8.7% |
| Accrued charges and deferred income | 492/3 | - | €90 | +€90 | |
| Remuneration, social security and pensions | 62 | €135,120 | €24,912 | -€110,208 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,924 | €95,311 | -€10,613 | -10.0% |
| Other operating charges | 640/8 | €548 | €507 | -€41 | -7.4% |
| Gross operating margin | 9900 | €187,583 | -€1,700 | -€189,283 | |
| Operating profit (loss) | 9901 | -€54,009 | -€122,430 | -€68,421 | -126.7% |
| Financial income | 75/76B | €41,423 | €51,804 | +€10,382 | +25.1% |
| Recurring financial income | 75 | €41,423 | €51,804 | +€10,382 | +25.1% |
| Financial charges | 65/66B | €117 | €50 | -€67 | -57.1% |
| Recurring financial charges | 65 | €117 | €50 | -€67 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,703 | -€70,676 | -€57,973 | -456.4% |
| Transfer from deferred taxes | 780 | €600 | €244 | -€356 | -59.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€12,103 | -€70,432 | -€58,329 | -481.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,103 | -€70,432 | -€58,329 | -481.9% |
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 5 October 2026 via checked.be.