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.
LAKE
Largest movements
- Receivables after one year -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Tangible fixed assets -€26,924
down €26,924 (-8.8%), from €304,512 to €277,588
of which Land and buildings: -€24,506
- Debts after one year -€88,760
down €88,760 (-18.2%), from €488,566 to €399,806
- Other debts +€71,410
up €71,410 (+101.5%), from €70,359 to €141,769
- Accrued charges and deferred income -€53,594
down €53,594 (-95.4%), from €56,149 to €2,555
- Current portion of long-term debt +€23,884
up €23,884 (+20.0%), from €119,341 to €143,225
- Tax, wage and social debts -€12,487
down €12,487 (-64.1%), from €19,471 to €6,984
- Gross operating margin -€19,735
down €19,735 (-28.1%), from €70,170 to €50,435
- Financial income +€9,299
up €9,299 (+15.3%), from €60,703 to €70,002
- Other operating charges +€5,831
up €5,831 (+535.1%), from €1,090 to €6,921
- Taxes -€5,045
down €5,045 (-59.2%), from €8,524 to €3,479
- Financial charges -€1,650
down €1,650 (-14.2%), from €11,611 to €9,961
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 | €962,946 | €901,309 | -€61,637 | -6.4% |
| Fixed assets | 21/28 | €837,362 | €810,438 | -€26,924 | -3.2% |
| Tangible fixed assets | 22/27 | €304,512 | €277,588 | -€26,924 | -8.8% |
| Land and buildings | 22 | €297,870 | €273,364 | -€24,506 | -8.2% |
| Plant, machinery and equipment | 23 | €4,095 | €3,004 | -€1,091 | -26.7% |
| Furniture and vehicles | 24 | €2,547 | €1,221 | -€1,326 | -52.1% |
| Financial fixed assets | 28 | €532,850 | €532,850 | = | 0.0% |
| Current assets | 29/58 | €125,584 | €90,871 | -€34,713 | -27.6% |
| Amounts receivable after more than one year | 29 | €35,000 | €0 | -€35,000 | -100.0% |
| Other amounts receivable | 291 | €35,000 | €0 | -€35,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €23,104 | €30,308 | +€7,203 | +31.2% |
| Trade receivables | 40 | €8,713 | €8,637 | -€76 | -0.9% |
| Other amounts receivable | 41 | €14,392 | €21,671 | +€7,280 | +50.6% |
| Cash at bank and in hand | 54/58 | €64,481 | €58,266 | -€6,216 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,998 | €2,297 | -€701 | -23.4% |
| Total equity and liabilities | 10/49 | €962,946 | €901,309 | -€61,637 | -6.4% |
| Equity | 10/15 | €202,594 | €194,262 | -€8,332 | -4.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €177,594 | €169,262 | -€8,332 | -4.7% |
| Distributable reserves | 133 | €177,594 | €169,262 | -€8,332 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €760,352 | €707,047 | -€53,305 | -7.0% |
| Amounts payable after more than one year | 17 | €488,566 | €399,806 | -€88,760 | -18.2% |
| Financial debts | 170/4 | €488,566 | €399,806 | -€88,760 | -18.2% |
| Amounts payable within one year | 42/48 | €215,637 | €304,686 | +€89,049 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €119,341 | €143,225 | +€23,884 | +20.0% |
| Financial debts | 43 | - | €8,357 | +€8,357 | |
| Credit institutions | 430/8 | - | €8,357 | +€8,357 | |
| Trade debts | 44 | €6,466 | €4,351 | -€2,115 | -32.7% |
| Suppliers | 440/4 | €6,466 | €4,351 | -€2,115 | -32.7% |
| Taxes, remuneration and social security | 45 | €19,471 | €6,984 | -€12,487 | -64.1% |
| Taxes | 450/3 | €19,471 | €6,984 | -€12,487 | -64.1% |
| Other amounts payable | 47/48 | €70,359 | €141,769 | +€71,410 | +101.5% |
| Accrued charges and deferred income | 492/3 | €56,149 | €2,555 | -€53,594 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,355 | €19,916 | -€439 | -2.2% |
| Other operating charges | 640/8 | €1,090 | €6,921 | +€5,831 | +535.1% |
| Gross operating margin | 9900 | €70,170 | €50,435 | -€19,735 | -28.1% |
| Operating profit (loss) | 9901 | €48,725 | €23,598 | -€25,126 | -51.6% |
| Financial income | 75/76B | €60,703 | €70,002 | +€9,299 | +15.3% |
| Recurring financial income | 75 | €60,703 | €70,002 | +€9,299 | +15.3% |
| Financial charges | 65/66B | €11,611 | €9,961 | -€1,650 | -14.2% |
| Recurring financial charges | 65 | €11,611 | €9,961 | -€1,650 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €97,817 | €83,640 | -€14,178 | -14.5% |
| Income taxes | 67/77 | €8,524 | €3,479 | -€5,045 | -59.2% |
| Profit (loss) for the period | 9904 | €89,293 | €80,161 | -€9,132 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,293 | €80,161 | -€9,132 | -10.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.