GREAT LAKE: what changed
What changed
GREAT LAKE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€584
2024 · -€31,623+€32,207
Equity
€21,778
2024 · €21,194+€584
Cash
€3,774
2024 · €11,950-€8,176
Balance sheet total
€1.3m
2024 · €1.3m-€55,023
Largest movements
Assets
- Tangible fixed assets -€46,333
down €46,333 (-3.5%), from €1.3m to €1.3m
Equity and liabilities
- Debts after one year -€57,386
down €57,386 (-4.7%), from €1.2m to €1.2m
of which Financial debts: -€57,386
- Accrued charges and deferred income -€16,735
down €16,735 (-100%), from €16,735 to €0
- Other debts +€13,937
up €13,937 (+4,555%), from €306 to €14,243
Income statement
- Gross operating margin +€30,389
up €30,389 (+24.7%), from €122,870 to €153,258
- Financial charges -€2,456
down €2,456 (-4.1%), from €59,809 to €57,352
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€31,623
Gross operating margin
+€30,389
Staff costs
+€69
Depreciation
-€0
Other operating charges
-€706
Financial income
+€0
Financial charges
+€2,456
Taxes
-€0
Result 2025
€584
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€46,739
Investment
€0
Financing
-€54,914
Cash 2024
€11,950
From operations (derived)
+€46,739
Net result for the year
+€584
Depreciation
+€46,333
Deferred charges and accrued income
+€514
Trade debts
+€2,105
Other debts
+€13,937
Accrued charges and deferred income
-€16,735
Financing
-€54,914
Debts after one year
-€57,386
Current portion of long-term debt
+€2,472
Cash 2025
€3,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,332,411 | €1,277,388 | -€55,023 | -4.1% |
| Fixed assets | 21/28 | €1,319,802 | €1,273,468 | -€46,333 | -3.5% |
| Tangible fixed assets | 22/27 | €1,319,802 | €1,273,468 | -€46,333 | -3.5% |
| Land and buildings | 22 | €1,319,802 | €1,273,468 | -€46,333 | -3.5% |
| Current assets | 29/58 | €12,609 | €3,919 | -€8,690 | -68.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,950 | €3,774 | -€8,176 | -68.4% |
| Deferred charges and accrued income | 490/1 | €659 | €145 | -€514 | -78.0% |
| Total equity and liabilities | 10/49 | €1,332,411 | €1,277,388 | -€55,023 | -4.1% |
| Equity | 10/15 | €21,194 | €21,778 | +€584 | +2.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,666 | -€180,082 | +€584 | +0.3% |
| Amounts payable | 17/49 | €1,311,217 | €1,255,610 | -€55,607 | -4.2% |
| Amounts payable after more than one year | 17 | €1,217,710 | €1,160,324 | -€57,386 | -4.7% |
| Financial debts | 170/4 | €1,001,110 | €943,724 | -€57,386 | -5.7% |
| Other amounts payable | 178/9 | €216,600 | €216,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,772 | €95,285 | +€18,514 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €54,914 | €57,386 | +€2,472 | +4.5% |
| Trade debts | 44 | €21,551 | €23,656 | +€2,105 | +9.8% |
| Suppliers | 440/4 | €21,551 | €23,656 | +€2,105 | +9.8% |
| Other amounts payable | 47/48 | €306 | €14,243 | +€13,937 | +4,555% |
| Accrued charges and deferred income | 492/3 | €16,735 | €0 | -€16,735 | -100% |
| Remuneration, social security and pensions | 62 | €69 | €0 | -€69 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,333 | €46,333 | +€0 | 0.0% |
| Other operating charges | 640/8 | €48,283 | €48,989 | +€706 | +1.5% |
| Gross operating margin | 9900 | €122,870 | €153,258 | +€30,389 | +24.7% |
| Operating profit (loss) | 9901 | €28,185 | €57,936 | +€29,751 | +106% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €59,809 | €57,352 | -€2,456 | -4.1% |
| Recurring financial charges | 65 | €59,809 | €57,352 | -€2,456 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,623 | €584 | +€32,207 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€31,623 | €584 | +€32,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,623 | €584 | +€32,207 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.