Drilling Masters: 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.
Drilling Masters
Largest movements
- Receivables within one year +€226,503
up €226,503 (+68.6%), from €329,956 to €556,458
of which Trade receivables: +€186,977
- Cash -€54,744
down €54,744 (-81.3%), from €67,372 to €12,628
mainly Receivables within one year (-€226,503) and Trade debts (-€32,891)
- Tangible fixed assets -€33,000
down €33,000 (-21.4%), from €154,365 to €121,365
- Profit (loss) carried forward +€129,399
up €129,399 (+92.5%), from €139,920 to €269,319
- Trade debts -€32,891
down €32,891 (-12.2%), from €270,516 to €237,625
- Accrued charges and deferred income +€29,060
new in 2025: €29,060
- Tax, wage and social debts +€24,854
up €24,854 (+105%), from €23,637 to €48,491
- Current portion of long-term debt -€20,290
down €20,290 (-88.3%), from €22,989 to €2,700
- Gross operating margin +€66,633
up €66,633 (+44.8%), from €148,795 to €215,428
- Taxes +€21,898
up €21,898 (+82.3%), from €26,593 to €48,491
- Financial charges -€2,697
down €2,697 (-42.0%), from €6,421 to €3,724
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 | €551,693 | €690,452 | +€138,759 | +25.2% |
| Fixed assets | 21/28 | €154,365 | €121,365 | -€33,000 | -21.4% |
| Tangible fixed assets | 22/27 | €154,365 | €121,365 | -€33,000 | -21.4% |
| Furniture and vehicles | 24 | €154,365 | €121,365 | -€33,000 | -21.4% |
| Current assets | 29/58 | €397,328 | €569,087 | +€171,759 | +43.2% |
| Amounts receivable within one year | 40/41 | €329,956 | €556,458 | +€226,503 | +68.6% |
| Trade receivables | 40 | €308,334 | €495,311 | +€186,977 | +60.6% |
| Other amounts receivable | 41 | €21,622 | €61,147 | +€39,526 | +183% |
| Cash at bank and in hand | 54/58 | €67,372 | €12,628 | -€54,744 | -81.3% |
| Total equity and liabilities | 10/49 | €551,693 | €690,452 | +€138,759 | +25.2% |
| Equity | 10/15 | €159,920 | €289,319 | +€129,399 | +80.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,920 | €269,319 | +€129,399 | +92.5% |
| Amounts payable | 17/49 | €391,773 | €401,133 | +€9,360 | +2.4% |
| Amounts payable after more than one year | 17 | €64,401 | €64,401 | = | 0.0% |
| Financial debts | 170/4 | €64,401 | €64,401 | = | 0.0% |
| Amounts payable within one year | 42/48 | €327,372 | €307,672 | -€19,700 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €22,989 | €2,700 | -€20,290 | -88.3% |
| Trade debts | 44 | €270,516 | €237,625 | -€32,891 | -12.2% |
| Suppliers | 440/4 | €270,516 | €237,625 | -€32,891 | -12.2% |
| Advances received on contracts in progress | 46 | €3,699 | - | -€3,699 | |
| Taxes, remuneration and social security | 45 | €23,637 | €48,491 | +€24,854 | +105% |
| Taxes | 450/3 | €23,637 | €48,491 | +€24,854 | +105% |
| Other amounts payable | 47/48 | €6,531 | €18,856 | +€12,326 | +189% |
| Accrued charges and deferred income | 492/3 | - | €29,060 | +€29,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,999 | €33,000 | +€1 | 0.0% |
| Other operating charges | 640/8 | €985 | €814 | -€171 | -17.3% |
| Gross operating margin | 9900 | €148,795 | €215,428 | +€66,633 | +44.8% |
| Operating profit (loss) | 9901 | €114,811 | €181,613 | +€66,802 | +58.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,421 | €3,724 | -€2,697 | -42.0% |
| Recurring financial charges | 65 | €6,421 | €3,724 | -€2,697 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €108,390 | €177,890 | +€69,500 | +64.1% |
| Income taxes | 67/77 | €26,593 | €48,491 | +€21,898 | +82.3% |
| Profit (loss) for the period | 9904 | €81,798 | €129,399 | +€47,602 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,798 | €129,399 | +€47,602 | +58.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.