GROUP DAEDALUS: 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.
GROUP DAEDALUS
Largest movements
- Receivables within one year -€4,130
down €4,130 (-2.5%), from €165,136 to €161,007
of which Other amounts receivable: -€21,827
- Deferred charges and accrued income +€2,217
up €2,217 (+226.8%), from €978 to €3,194
- Cash +€1,945
up €1,945 (+289.1%), from €673 to €2,618
mainly Other debts (+€60,476) and Trade debts (+€13,726)
- Other debts +€60,476
up €60,476 (+38.1%), from €158,878 to €219,354
- Profit (loss) carried forward -€53,737
down €53,737 (-21.5%), from -€249,906 to -€303,643
- Tax, wage and social debts -€32,772
down €32,772 (-22.0%), from €149,260 to €116,488
of which Taxes: -€33,545
- Trade debts +€13,726
up €13,726 (+13.3%), from €103,462 to €117,188
- Advances received +€12,205
new in 2025: €12,205
- Write-downs -€46,292
down €46,292 (-100.0%), from €46,292 to €0
- Gross operating margin +€27,794
up €27,794 (+22.2%), from €125,451 to €153,246
- Staff costs +€24,948
up €24,948 (+15.7%), from €159,253 to €184,201
- Other operating charges +€4,180
up €4,180 (+55.5%), from €7,535 to €11,715
- Financial charges +€2,848
up €2,848 (+114.2%), from €2,493 to €5,340
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 | €167,895 | €167,792 | -€103 | -0.1% |
| Fixed assets | 21/28 | €291 | €25 | -€266 | -91.4% |
| Intangible fixed assets | 21 | €266 | €0 | -€266 | -100.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €167,604 | €167,767 | +€163 | +0.1% |
| Stocks and contracts in progress | 3 | €817 | €948 | +€131 | +16.0% |
| Stocks | 30/36 | €817 | €948 | +€131 | +16.0% |
| Amounts receivable within one year | 40/41 | €165,136 | €161,007 | -€4,130 | -2.5% |
| Trade receivables | 40 | €34,449 | €52,146 | +€17,697 | +51.4% |
| Other amounts receivable | 41 | €130,687 | €108,860 | -€21,827 | -16.7% |
| Cash at bank and in hand | 54/58 | €673 | €2,618 | +€1,945 | +289.1% |
| Deferred charges and accrued income | 490/1 | €978 | €3,194 | +€2,217 | +226.8% |
| Total equity and liabilities | 10/49 | €167,895 | €167,792 | -€103 | -0.1% |
| Equity | 10/15 | -€243,706 | -€297,443 | -€53,737 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€249,906 | -€303,643 | -€53,737 | -21.5% |
| Amounts payable | 17/49 | €411,600 | €465,235 | +€53,635 | +13.0% |
| Amounts payable within one year | 42/48 | €411,600 | €465,235 | +€53,635 | +13.0% |
| Trade debts | 44 | €103,462 | €117,188 | +€13,726 | +13.3% |
| Suppliers | 440/4 | €103,462 | €117,188 | +€13,726 | +13.3% |
| Advances received on contracts in progress | 46 | - | €12,205 | +€12,205 | |
| Taxes, remuneration and social security | 45 | €149,260 | €116,488 | -€32,772 | -22.0% |
| Taxes | 450/3 | €82,346 | €48,801 | -€33,545 | -40.7% |
| Remuneration and social security | 454/9 | €66,914 | €67,687 | +€773 | +1.2% |
| Other amounts payable | 47/48 | €158,878 | €219,354 | +€60,476 | +38.1% |
| Remuneration, social security and pensions | 62 | €159,253 | €184,201 | +€24,948 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €266 | -€545 | -67.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,292 | €0 | -€46,292 | -100.0% |
| Other operating charges | 640/8 | €7,535 | €11,715 | +€4,180 | +55.5% |
| Non-recurring operating charges | 66A | - | €5,420 | +€5,420 | |
| Gross operating margin | 9900 | €125,451 | €153,246 | +€27,794 | +22.2% |
| Operating profit (loss) | 9901 | -€88,439 | -€48,356 | +€40,083 | +45.3% |
| Financial income | 75/76B | €107 | €237 | +€130 | +121.5% |
| Recurring financial income | 75 | €107 | €237 | +€130 | +121.5% |
| Financial charges | 65/66B | €2,493 | €5,340 | +€2,848 | +114.2% |
| Recurring financial charges | 65 | €2,493 | €5,340 | +€2,848 | +114.2% |
| Profit (loss) for the period before taxes | 9903 | -€90,824 | -€53,459 | +€37,365 | +41.1% |
| Income taxes | 67/77 | €273 | €278 | +€5 | +1.9% |
| Profit (loss) for the period | 9904 | -€91,097 | -€53,737 | +€37,360 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,097 | -€53,737 | +€37,360 | +41.0% |
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 4 October 2026 via checked.be.