LAKE: what changed
Two fiscal 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.
LAKE
Largest movements
- Cash -€14,966
down €14,966 (-40.6%), from €36,858 to €21,892
mainly Tax, wage and social debts (-€18,453) and Investment in fixed assets (net) (-€11,957)
- Receivables within one year -€5,475
down €5,475 (-99.5%), from €5,502 to €27
- Tax, wage and social debts -€18,453
down €18,453 (-81.7%), from €22,596 to €4,142
of which Taxes: -€19,167
- Trade debts -€3,808
down €3,808 (-44.5%), from €8,555 to €4,747
- Profit (loss) carried forward +€3,242
up €3,242 (+2.7%), from -€120,726 to -€117,484
- Taxes -€21,759
no longer reported in 2025 (was €21,759)
- Staff costs +€17,878
up €17,878 (+26.0%), from €68,818 to €86,696
- Gross operating margin +€8,677
up €8,677 (+9.0%), from €96,752 to €105,429
- Other operating charges -€1,712
down €1,712 (-35.2%), from €4,868 to €3,155
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 | €192,116 | €171,873 | -€20,243 | -10.5% |
| Fixed assets | 21/28 | €144,745 | €145,117 | +€372 | +0.3% |
| Tangible fixed assets | 22/27 | €144,745 | €145,117 | +€372 | +0.3% |
| Land and buildings | 22 | €140,243 | €131,756 | -€8,487 | -6.1% |
| Plant, machinery and equipment | 23 | €4,501 | €12,658 | +€8,156 | +181.2% |
| Furniture and vehicles | 24 | - | €703 | +€703 | |
| Current assets | 29/58 | €47,371 | €26,756 | -€20,615 | -43.5% |
| Stocks and contracts in progress | 3 | €5,011 | €4,837 | -€174 | -3.5% |
| Stocks | 30/36 | €5,011 | €4,837 | -€174 | -3.5% |
| Amounts receivable within one year | 40/41 | €5,502 | €27 | -€5,475 | -99.5% |
| Other amounts receivable | 41 | €5,502 | €27 | -€5,475 | -99.5% |
| Cash at bank and in hand | 54/58 | €36,858 | €21,892 | -€14,966 | -40.6% |
| Total equity and liabilities | 10/49 | €192,116 | €171,873 | -€20,243 | -10.5% |
| Equity | 10/15 | €145,767 | €149,009 | +€3,242 | +2.2% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Capital | 10 | €24,000 | €24,000 | = | 0.0% |
| Issued capital | 100 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €242,493 | €242,493 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Legal reserve | 130 | €2,400 | €2,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €225,593 | €225,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,726 | -€117,484 | +€3,242 | +2.7% |
| Amounts payable | 17/49 | €46,349 | €22,864 | -€23,485 | -50.7% |
| Amounts payable after more than one year | 17 | €14,769 | €13,495 | -€1,275 | -8.6% |
| Other amounts payable | 178/9 | €14,769 | €13,495 | -€1,275 | -8.6% |
| Amounts payable within one year | 42/48 | €31,580 | €9,370 | -€22,210 | -70.3% |
| Trade debts | 44 | €8,555 | €4,747 | -€3,808 | -44.5% |
| Suppliers | 440/4 | €8,555 | €4,747 | -€3,808 | -44.5% |
| Taxes, remuneration and social security | 45 | €22,596 | €4,142 | -€18,453 | -81.7% |
| Taxes | 450/3 | €19,449 | €283 | -€19,167 | -98.5% |
| Remuneration and social security | 454/9 | €3,146 | €3,860 | +€713 | +22.7% |
| Other amounts payable | 47/48 | €430 | €480 | +€51 | +11.9% |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Remuneration, social security and pensions | 62 | €68,818 | €86,696 | +€17,878 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,273 | €11,585 | -€688 | -5.6% |
| Other operating charges | 640/8 | €4,868 | €3,155 | -€1,712 | -35.2% |
| Gross operating margin | 9900 | €96,752 | €105,429 | +€8,677 | +9.0% |
| Operating profit (loss) | 9901 | €10,793 | €3,993 | -€6,801 | -63.0% |
| Financial income | 75/76B | €33 | - | -€33 | |
| Recurring financial income | 75 | €33 | - | -€33 | |
| Financial charges | 65/66B | €114 | €751 | +€637 | +561.6% |
| Recurring financial charges | 65 | €114 | €751 | +€637 | +561.6% |
| Profit (loss) for the period before taxes | 9903 | €10,713 | €3,242 | -€7,471 | -69.7% |
| Income taxes | 67/77 | €21,759 | - | -€21,759 | |
| Profit (loss) for the period | 9904 | -€11,046 | €3,242 | +€14,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,046 | €3,242 | +€14,288 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.