DRAKKAR: 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.
DRAKKAR
Largest movements
- Current investments +€450,082
new in 2025: €450,082
- Intangible fixed assets -€133,459
down €133,459 (-21.4%), from €622,808 to €489,349
- Debts after one year +€436,361
up €436,361 (+28.2%), from €1.5m to €2.0m
- Profit (loss) carried forward -€123,159
down €123,159 (-75.7%), from €162,622 to €39,463
- Depreciation +€88,973
up €88,973 (+200.0%), from €44,486 to €133,459
- Gross operating margin +€18,107
up €18,107, from -€4,987 to €13,120
- Other operating charges +€2,655
new in 2025: €2,655
- Financial charges -€174
down €174 (-51.3%), from €338 to €165
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 | €1,781,842 | €2,095,044 | +€313,203 | +17.6% |
| Fixed assets | 21/28 | €1,774,090 | €1,640,631 | -€133,459 | -7.5% |
| Intangible fixed assets | 21 | €622,808 | €489,349 | -€133,459 | -21.4% |
| Tangible fixed assets | 22/27 | €1,151,283 | €1,151,283 | = | 0.0% |
| Land and buildings | 22 | €1,128,434 | €1,128,434 | = | 0.0% |
| Plant, machinery and equipment | 23 | €22,849 | €22,849 | = | 0.0% |
| Current assets | 29/58 | €7,752 | €454,413 | +€446,661 | +5762.1% |
| Current investments | 50/53 | - | €450,082 | +€450,082 | |
| Cash at bank and in hand | 54/58 | €7,752 | €4,331 | -€3,421 | -44.1% |
| Total equity and liabilities | 10/49 | €1,781,842 | €2,095,044 | +€313,203 | +17.6% |
| Equity | 10/15 | €231,922 | €108,763 | -€123,159 | -53.1% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,622 | €39,463 | -€123,159 | -75.7% |
| Amounts payable | 17/49 | €1,549,920 | €1,986,281 | +€436,361 | +28.2% |
| Amounts payable after more than one year | 17 | €1,549,920 | €1,986,281 | +€436,361 | +28.2% |
| Other amounts payable | 178/9 | €1,549,920 | €1,986,281 | +€436,361 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,486 | €133,459 | +€88,973 | +200.0% |
| Other operating charges | 640/8 | - | €2,655 | +€2,655 | |
| Gross operating margin | 9900 | -€4,987 | €13,120 | +€18,107 | |
| Operating profit (loss) | 9901 | -€49,473 | -€122,994 | -€73,521 | -148.6% |
| Financial charges | 65/66B | €338 | €165 | -€174 | -51.3% |
| Recurring financial charges | 65 | €338 | €165 | -€174 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,812 | -€123,159 | -€73,347 | -147.2% |
| Profit (loss) for the period | 9904 | -€49,812 | -€123,159 | -€73,347 | -147.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,812 | -€123,159 | -€73,347 | -147.2% |
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.