DAEDALOS CONCEPTS: 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.
DAEDALOS CONCEPTS
Largest movements
- Stocks and contracts +€185,026
up €185,026 (+26.7%), from €692,068 to €877,094
- Cash -€68,651
down €68,651 (-56.3%), from €121,941 to €53,290
mainly Stocks and contracts (-€185,026) and Receivables within one year (-€49,147)
- Receivables within one year +€49,147
up €49,147 (+54.2%), from €90,693 to €139,841
of which Trade receivables: +€52,368
- Short-term financial debts +€100,000
up €100,000 (+40.0%), from €250,000 to €350,000
- Reserves +€27,333
up €27,333 (+43.8%), from €62,337 to €89,670
- Trade debts +€17,447
up €17,447 (+71.0%), from €24,582 to €42,029
- Advances received +€13,494
new in 2025: €13,494
- Gross operating margin -€43,059
down €43,059 (-30.9%), from €139,482 to €96,423
- Financial charges +€9,839
up €9,839 (+29.1%), from €33,779 to €43,618
- Financial income -€8,233
down €8,233 (-69.5%), from €11,851 to €3,618
- Taxes +€7,602
up €7,602 (+164%), from €4,626 to €12,227
- Depreciation -€1,865
down €1,865 (-10.6%), from €17,674 to €15,809
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 | €939,256 | €1,101,461 | +€162,205 | +17.3% |
| Fixed assets | 21/28 | €32,052 | €26,825 | -€5,227 | -16.3% |
| Intangible fixed assets | 21 | €2,717 | €0 | -€2,717 | -100% |
| Tangible fixed assets | 22/27 | €28,385 | €23,225 | -€5,160 | -18.2% |
| Plant, machinery and equipment | 23 | €28,385 | €17,184 | -€11,201 | -39.5% |
| Other tangible fixed assets | 26 | - | €6,041 | +€6,041 | |
| Financial fixed assets | 28 | €950 | €3,600 | +€2,650 | +279% |
| Current assets | 29/58 | €907,204 | €1,074,636 | +€167,432 | +18.5% |
| Stocks and contracts in progress | 3 | €692,068 | €877,094 | +€185,026 | +26.7% |
| Stocks | 30/36 | €692,068 | €877,094 | +€185,026 | +26.7% |
| Amounts receivable within one year | 40/41 | €90,693 | €139,841 | +€49,147 | +54.2% |
| Trade receivables | 40 | €67,316 | €119,684 | +€52,368 | +77.8% |
| Other amounts receivable | 41 | €23,378 | €20,157 | -€3,221 | -13.8% |
| Cash at bank and in hand | 54/58 | €121,941 | €53,290 | -€68,651 | -56.3% |
| Deferred charges and accrued income | 490/1 | €2,501 | €4,411 | +€1,910 | +76.4% |
| Total equity and liabilities | 10/49 | €939,256 | €1,101,461 | +€162,205 | +17.3% |
| Equity | 10/15 | €162,337 | €189,670 | +€27,333 | +16.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €62,337 | €89,670 | +€27,333 | +43.8% |
| Distributable reserves | 133 | €62,337 | €89,670 | +€27,333 | +43.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €776,919 | €911,791 | +€134,872 | +17.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €672,377 | €799,056 | +€126,680 | +18.8% |
| Financial debts | 43 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Credit institutions | 430/8 | €250,000 | €350,000 | +€100,000 | +40.0% |
| Trade debts | 44 | €24,582 | €42,029 | +€17,447 | +71.0% |
| Suppliers | 440/4 | €24,582 | €42,029 | +€17,447 | +71.0% |
| Advances received on contracts in progress | 46 | - | €13,494 | +€13,494 | |
| Taxes, remuneration and social security | 45 | €26,449 | €16,461 | -€9,988 | -37.8% |
| Taxes | 450/3 | €23,260 | €13,257 | -€10,003 | -43.0% |
| Remuneration and social security | 454/9 | €3,189 | €3,204 | +€14 | +0.5% |
| Other amounts payable | 47/48 | €371,346 | €377,072 | +€5,726 | +1.5% |
| Accrued charges and deferred income | 492/3 | €4,543 | €12,735 | +€8,192 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,674 | €15,809 | -€1,865 | -10.6% |
| Other operating charges | 640/8 | €1,047 | €1,053 | +€6 | +0.6% |
| Gross operating margin | 9900 | €139,482 | €96,423 | -€43,059 | -30.9% |
| Operating profit (loss) | 9901 | €120,761 | €79,561 | -€41,200 | -34.1% |
| Financial income | 75/76B | €11,851 | €3,618 | -€8,233 | -69.5% |
| Recurring financial income | 75 | €11,851 | €3,618 | -€8,233 | -69.5% |
| Financial charges | 65/66B | €33,779 | €43,618 | +€9,839 | +29.1% |
| Recurring financial charges | 65 | €33,779 | €43,618 | +€9,839 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €98,833 | €39,560 | -€59,272 | -60.0% |
| Income taxes | 67/77 | €4,626 | €12,227 | +€7,602 | +164% |
| Profit (loss) for the period | 9904 | €94,207 | €27,333 | -€66,874 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,207 | €27,333 | -€66,874 | -71.0% |
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 23 October 2026 via checked.be.