DAEDALUS PROJECTS: 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.
DAEDALUS PROJECTS
Largest movements
- Current investments -€29,848
down €29,848 (-58.6%), from €50,971 to €21,123
- Tangible fixed assets -€7,370
down €7,370 (-39.7%), from €18,585 to €11,215
of which Furniture and vehicles: -€5,861
- Receivables within one year -€2,795
down €2,795 (-21.9%), from €12,773 to €9,979
of which Other amounts receivable: -€6,433
- Deferred charges and accrued income -€1,523
down €1,523 (-29.1%), from €5,231 to €3,708
- Profit (loss) carried forward -€31,052
new in 2025: -€31,052
- Reserves -€7,729
down €7,729 (-27.3%), from €28,339 to €20,610
of which Distributable reserves: -€7,729
- Other debts -€1,950
down €1,950 (-8.8%), from €22,221 to €20,272
- Gross operating margin +€23,142
up €23,142 (+43.7%), from -€52,909 to -€29,767
- Depreciation -€1,254
down €1,254 (-14.5%), from €8,624 to €7,370
- Other operating charges +€532
up €532 (+37.5%), from €1,419 to €1,951
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 | €88,826 | €48,017 | -€40,809 | -45.9% |
| Fixed assets | 21/28 | €18,585 | €11,215 | -€7,370 | -39.7% |
| Tangible fixed assets | 22/27 | €18,585 | €11,215 | -€7,370 | -39.7% |
| Furniture and vehicles | 24 | €7,044 | €1,183 | -€5,861 | -83.2% |
| Other tangible fixed assets | 26 | €11,541 | €10,032 | -€1,509 | -13.1% |
| Current assets | 29/58 | €70,241 | €36,802 | -€33,439 | -47.6% |
| Amounts receivable within one year | 40/41 | €12,773 | €9,979 | -€2,795 | -21.9% |
| Trade receivables | 40 | €2,697 | €6,336 | +€3,638 | +134.9% |
| Other amounts receivable | 41 | €10,076 | €3,643 | -€6,433 | -63.8% |
| Current investments | 50/53 | €50,971 | €21,123 | -€29,848 | -58.6% |
| Cash at bank and in hand | 54/58 | €1,265 | €1,992 | +€727 | +57.4% |
| Deferred charges and accrued income | 490/1 | €5,231 | €3,708 | -€1,523 | -29.1% |
| Total equity and liabilities | 10/49 | €88,826 | €48,017 | -€40,809 | -45.9% |
| Equity | 10/15 | €46,939 | €8,158 | -€38,781 | -82.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,339 | €20,610 | -€7,729 | -27.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €7,729 | €0 | -€7,729 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€31,052 | -€31,052 | |
| Provisions and deferred taxes | 16 | €16,332 | €16,332 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,332 | €16,332 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,332 | €16,332 | = | 0.0% |
| Amounts payable | 17/49 | €25,556 | €23,528 | -€2,028 | -7.9% |
| Amounts payable within one year | 42/48 | €25,475 | €23,528 | -€1,947 | -7.6% |
| Trade debts | 44 | €3,251 | €2,988 | -€263 | -8.1% |
| Suppliers | 440/4 | €3,251 | €2,988 | -€263 | -8.1% |
| Taxes, remuneration and social security | 45 | €2 | €268 | +€266 | +10806.5% |
| Taxes | 450/3 | €2 | €268 | +€266 | +10806.5% |
| Other amounts payable | 47/48 | €22,221 | €20,272 | -€1,950 | -8.8% |
| Accrued charges and deferred income | 492/3 | €81 | €0 | -€81 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,624 | €7,370 | -€1,254 | -14.5% |
| Other operating charges | 640/8 | €1,419 | €1,951 | +€532 | +37.5% |
| Gross operating margin | 9900 | -€52,909 | -€29,767 | +€23,142 | +43.7% |
| Operating profit (loss) | 9901 | -€62,951 | -€39,088 | +€23,863 | +37.9% |
| Financial income | 75/76B | €1,415 | €971 | -€443 | -31.3% |
| Recurring financial income | 75 | €1,415 | €971 | -€443 | -31.3% |
| Financial charges | 65/66B | €532 | €452 | -€79 | -14.9% |
| Recurring financial charges | 65 | €532 | €452 | -€79 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€62,068 | -€38,569 | +€23,499 | +37.9% |
| Income taxes | 67/77 | €165 | €212 | +€47 | +28.3% |
| Profit (loss) for the period | 9904 | -€62,233 | -€38,781 | +€23,452 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,233 | -€38,781 | +€23,452 | +37.7% |
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 28 September 2026 via checked.be.