Draupner Capital: 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.
Draupner Capital
Largest movements
- Cash +€29,640
up €29,640 (+21.8%), from €135,684 to €165,324
mainly Net result for the year (+€26,217) and Other debts (+€5,399)
- Tangible fixed assets -€3,049
down €3,049 (-52.3%), from €5,835 to €2,786
- Reserves +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Current portion of long-term debt -€10,537
down €10,537 (-84.4%), from €12,486 to €1,949
- Profit (loss) carried forward +€6,217
up €6,217 (+14.8%), from €42,110 to €48,327
- Other debts +€5,399
up €5,399 (+217.3%), from €2,485 to €7,884
- Trade debts +€3,589
up €3,589 (+116.2%), from €3,089 to €6,678
- Gross operating margin +€10,645
up €10,645 (+16.5%), from €64,345 to €74,990
- Staff costs +€2,751
up €2,751 (+9.6%), from €28,761 to €31,512
- Taxes +€1,516
up €1,516 (+14.8%), from €10,237 to €11,753
- Other operating charges -€1,003
down €1,003 (-60.1%), from €1,670 to €666
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 | €155,264 | €179,851 | +€24,587 | +15.8% |
| Fixed assets | 21/28 | €7,725 | €4,676 | -€3,049 | -39.5% |
| Tangible fixed assets | 22/27 | €5,835 | €2,786 | -€3,049 | -52.3% |
| Plant, machinery and equipment | 23 | €5,835 | €2,786 | -€3,049 | -52.3% |
| Financial fixed assets | 28 | €1,890 | €1,890 | = | 0.0% |
| Current assets | 29/58 | €147,539 | €175,175 | +€27,636 | +18.7% |
| Stocks and contracts in progress | 3 | €4,698 | €3,540 | -€1,158 | -24.6% |
| Stocks | 30/36 | €4,698 | €3,540 | -€1,158 | -24.6% |
| Amounts receivable within one year | 40/41 | €6,554 | €6,310 | -€244 | -3.7% |
| Trade receivables | 40 | €4,512 | €6,310 | +€1,798 | +39.8% |
| Other amounts receivable | 41 | €2,042 | - | -€2,042 | |
| Cash at bank and in hand | 54/58 | €135,684 | €165,324 | +€29,640 | +21.8% |
| Deferred charges and accrued income | 490/1 | €602 | - | -€602 | |
| Total equity and liabilities | 10/49 | €155,264 | €179,851 | +€24,587 | +15.8% |
| Equity | 10/15 | €127,110 | €153,327 | +€26,217 | +20.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Distributable reserves | 133 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Profit (loss) carried forward | 14 | €42,110 | €48,327 | +€6,217 | +14.8% |
| Amounts payable | 17/49 | €28,154 | €26,524 | -€1,630 | -5.8% |
| Amounts payable within one year | 42/48 | €28,154 | €26,524 | -€1,630 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €12,486 | €1,949 | -€10,537 | -84.4% |
| Trade debts | 44 | €3,089 | €6,678 | +€3,589 | +116.2% |
| Suppliers | 440/4 | €3,089 | €6,678 | +€3,589 | +116.2% |
| Taxes, remuneration and social security | 45 | €10,094 | €10,013 | -€81 | -0.8% |
| Taxes | 450/3 | €6,487 | €6,295 | -€192 | -3.0% |
| Remuneration and social security | 454/9 | €3,607 | €3,718 | +€111 | +3.1% |
| Other amounts payable | 47/48 | €2,485 | €7,884 | +€5,399 | +217.3% |
| Remuneration, social security and pensions | 62 | €28,761 | €31,512 | +€2,751 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,281 | €3,049 | -€232 | -7.1% |
| Other operating charges | 640/8 | €1,670 | €666 | -€1,003 | -60.1% |
| Gross operating margin | 9900 | €64,345 | €74,990 | +€10,645 | +16.5% |
| Operating profit (loss) | 9901 | €30,633 | €39,762 | +€9,130 | +29.8% |
| Financial charges | 65/66B | €1,095 | €1,793 | +€697 | +63.7% |
| Recurring financial charges | 65 | €1,095 | €1,793 | +€697 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €29,537 | €37,970 | +€8,432 | +28.5% |
| Income taxes | 67/77 | €10,237 | €11,753 | +€1,516 | +14.8% |
| Profit (loss) for the period | 9904 | €19,300 | €26,217 | +€6,917 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,300 | €26,217 | +€6,917 | +35.8% |
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 9 October 2026 via checked.be.