GREY LAKE: 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.
GREY LAKE
Largest movements
- Tangible fixed assets -€125,526
down €125,526 (-3.8%), from €3.3m to €3.2m
- Cash +€38,754
up €38,754 (+96.0%), from €40,364 to €79,118
mainly Depreciation (+€139,784) and Other debts (+€44,828)
- Trade debts -€138,786
down €138,786 (-97.5%), from €142,396 to €3,610
- Other debts +€44,828
up €44,828 (+21.2%), from €211,702 to €256,530
- Gross operating margin +€47,151
up €47,151 (+29.4%), from €160,509 to €207,661
- Financial charges +€13,246
up €13,246 (+32.1%), from €41,207 to €54,454
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 | €3,392,662 | €3,307,659 | -€85,003 | -2.5% |
| Fixed assets | 21/28 | €3,346,984 | €3,221,458 | -€125,526 | -3.8% |
| Tangible fixed assets | 22/27 | €3,346,984 | €3,221,458 | -€125,526 | -3.8% |
| Land and buildings | 22 | €3,346,984 | €3,221,458 | -€125,526 | -3.8% |
| Current assets | 29/58 | €45,678 | €86,201 | +€40,524 | +88.7% |
| Amounts receivable within one year | 40/41 | €3,301 | €3,581 | +€279 | +8.5% |
| Trade receivables | 40 | €3,301 | €3,581 | +€279 | +8.5% |
| Cash at bank and in hand | 54/58 | €40,364 | €79,118 | +€38,754 | +96.0% |
| Deferred charges and accrued income | 490/1 | €2,012 | €3,502 | +€1,490 | +74.0% |
| Total equity and liabilities | 10/49 | €3,392,662 | €3,307,659 | -€85,003 | -2.5% |
| Equity | 10/15 | €63,770 | €60,611 | -€3,160 | -5.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,230 | -€39,389 | -€3,160 | -8.7% |
| Amounts payable | 17/49 | €3,328,892 | €3,247,049 | -€81,843 | -2.5% |
| Amounts payable after more than one year | 17 | €2,835,033 | €2,845,605 | +€10,572 | +0.4% |
| Financial debts | 170/4 | €2,835,033 | €2,845,605 | +€10,572 | +0.4% |
| Amounts payable within one year | 42/48 | €493,166 | €400,770 | -€92,396 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €128,279 | €129,428 | +€1,149 | +0.9% |
| Trade debts | 44 | €142,396 | €3,610 | -€138,786 | -97.5% |
| Suppliers | 440/4 | €142,396 | €3,610 | -€138,786 | -97.5% |
| Taxes, remuneration and social security | 45 | €10,789 | €11,202 | +€413 | +3.8% |
| Taxes | 450/3 | €10,789 | €11,202 | +€413 | +3.8% |
| Other amounts payable | 47/48 | €211,702 | €256,530 | +€44,828 | +21.2% |
| Accrued charges and deferred income | 492/3 | €692 | €673 | -€19 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,806 | €139,784 | +€1,978 | +1.4% |
| Other operating charges | 640/8 | €16,101 | €16,606 | +€505 | +3.1% |
| Non-recurring operating charges | 66A | €1,664 | - | -€1,664 | |
| Gross operating margin | 9900 | €160,509 | €207,661 | +€47,151 | +29.4% |
| Operating profit (loss) | 9901 | €4,939 | €51,271 | +€46,332 | +938% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €41,207 | €54,454 | +€13,246 | +32.1% |
| Recurring financial charges | 65 | €41,207 | €54,454 | +€13,246 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,268 | -€3,160 | +€33,109 | +91.3% |
| Profit (loss) for the period | 9904 | -€36,268 | -€3,160 | +€33,109 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,268 | -€3,160 | +€33,109 | +91.3% |
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 16 October 2026 via checked.be.