L-n-G Drilling: 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.
L-n-G Drilling
Largest movements
- Tangible fixed assets -€81,785
down €81,785 (-3.3%), from €2.5m to €2.4m
of which Land and buildings: -€61,516
- Receivables within one year -€76,084
down €76,084 (-29.4%), from €259,146 to €183,062
of which Trade receivables: -€73,351
- Profit (loss) carried forward +€287,004
up €287,004 (+712%), from €40,284 to €327,288
- Debts after one year -€240,099
down €240,099 (-7.7%), from €3.1m to €2.9m
- Other debts -€236,370
down €236,370 (-52.4%), from €451,008 to €214,638
- Depreciation -€213,727
down €213,727 (-64.1%), from €333,681 to €119,955
- Gross operating margin +€164,060
up €164,060 (+55.9%), from €293,442 to €457,503
- Financial charges +€56,112
up €56,112 (+101%), from €55,325 to €111,437
- Taxes +€24,864
up €24,864 (+4,801%), from €518 to €25,382
- Other operating charges +€11,246
up €11,246 (+454%), from €2,480 to €13,726
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 | €3,948,287 | €3,782,467 | -€165,820 | -4.2% |
| Fixed assets | 21/28 | €3,664,308 | €3,582,523 | -€81,785 | -2.2% |
| Tangible fixed assets | 22/27 | €2,464,308 | €2,382,523 | -€81,785 | -3.3% |
| Land and buildings | 22 | €2,375,754 | €2,314,238 | -€61,516 | -2.6% |
| Furniture and vehicles | 24 | €88,554 | €68,285 | -€20,269 | -22.9% |
| Financial fixed assets | 28 | €1,200,000 | €1,200,000 | = | 0.0% |
| Current assets | 29/58 | €283,979 | €199,944 | -€84,036 | -29.6% |
| Amounts receivable within one year | 40/41 | €259,146 | €183,062 | -€76,084 | -29.4% |
| Trade receivables | 40 | €251,670 | €178,319 | -€73,351 | -29.1% |
| Other amounts receivable | 41 | €7,476 | €4,743 | -€2,733 | -36.6% |
| Cash at bank and in hand | 54/58 | €24,834 | €16,882 | -€7,952 | -32.0% |
| Total equity and liabilities | 10/49 | €3,948,287 | €3,782,467 | -€165,820 | -4.2% |
| Equity | 10/15 | €60,284 | €347,288 | +€287,004 | +476% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,284 | €327,288 | +€287,004 | +712% |
| Amounts payable | 17/49 | €3,888,003 | €3,435,179 | -€452,825 | -11.6% |
| Amounts payable after more than one year | 17 | €3,136,599 | €2,896,500 | -€240,099 | -7.7% |
| Financial debts | 170/4 | €3,136,599 | €2,896,500 | -€240,099 | -7.7% |
| Amounts payable within one year | 42/48 | €736,644 | €538,678 | -€197,966 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €247,690 | €255,023 | +€7,333 | +3.0% |
| Trade debts | 44 | €6,356 | €6,049 | -€307 | -4.8% |
| Suppliers | 440/4 | €6,356 | €6,049 | -€307 | -4.8% |
| Taxes, remuneration and social security | 45 | €31,591 | €62,969 | +€31,378 | +99.3% |
| Taxes | 450/3 | €26,393 | €57,623 | +€31,231 | +118% |
| Remuneration and social security | 454/9 | €5,198 | €5,346 | +€148 | +2.8% |
| Other amounts payable | 47/48 | €451,008 | €214,638 | -€236,370 | -52.4% |
| Accrued charges and deferred income | 492/3 | €14,760 | - | -€14,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,681 | €119,955 | -€213,727 | -64.1% |
| Other operating charges | 640/8 | €2,480 | €13,726 | +€11,246 | +454% |
| Gross operating margin | 9900 | €293,442 | €457,503 | +€164,060 | +55.9% |
| Operating profit (loss) | 9901 | -€42,719 | €323,822 | +€366,541 | |
| Financial income | 75/76B | €100,000 | €100,001 | +€1 | 0.0% |
| Recurring financial income | 75 | €100,000 | €100,001 | +€1 | 0.0% |
| Financial charges | 65/66B | €55,325 | €111,437 | +€56,112 | +101% |
| Recurring financial charges | 65 | €55,325 | €111,437 | +€56,112 | +101% |
| Profit (loss) for the period before taxes | 9903 | €1,956 | €312,387 | +€310,430 | +15,867% |
| Income taxes | 67/77 | €518 | €25,382 | +€24,864 | +4,801% |
| Profit (loss) for the period | 9904 | €1,439 | €287,004 | +€285,566 | +19,851% |
| Profit (loss) for the period to be appropriated | 9905 | €1,439 | €287,004 | +€285,566 | +19,851% |
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 29 October 2026 via checked.be.