LAKE SIDE: 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 SIDE
Largest movements
- Cash +€19,975
up €19,975 (+78.5%), from €25,456 to €45,432
mainly Depreciation (+€22,565) and Other debts (+€7,433)
- Tangible fixed assets -€11,673
down €11,673 (-19.2%), from €60,850 to €49,177
of which Furniture and vehicles: -€10,479
- Receivables within one year +€1,100
up €1,100 (+9.8%), from €11,216 to €12,316
- Debts after one year -€9,692
down €9,692 (-29.5%), from €32,908 to €23,216
- Other debts +€7,433
up €7,433 (+29.3%), from €25,341 to €32,774
- Trade debts +€5,935
up €5,935 (+155.9%), from €3,807 to €9,742
- Profit (loss) carried forward +€4,951
up €4,951 (+440.1%), from €1,125 to €6,076
- Current portion of long-term debt -€4,326
down €4,326 (-30.9%), from €14,018 to €9,692
- Gross operating margin +€13,200
up €13,200 (+65.0%), from €20,310 to €33,510
- Taxes +€1,355
new in 2025: €1,355
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 | €99,291 | €108,625 | +€9,334 | +9.4% |
| Fixed assets | 21/28 | €60,850 | €49,177 | -€11,673 | -19.2% |
| Tangible fixed assets | 22/27 | €60,850 | €49,177 | -€11,673 | -19.2% |
| Plant, machinery and equipment | 23 | €2,088 | €1,539 | -€549 | -26.3% |
| Furniture and vehicles | 24 | €56,962 | €46,483 | -€10,479 | -18.4% |
| Other tangible fixed assets | 26 | €1,801 | €1,156 | -€645 | -35.8% |
| Current assets | 29/58 | €38,441 | €59,448 | +€21,007 | +54.6% |
| Stocks and contracts in progress | 3 | €231 | €308 | +€77 | +33.4% |
| Stocks | 30/36 | €231 | €308 | +€77 | +33.4% |
| Amounts receivable within one year | 40/41 | €11,216 | €12,316 | +€1,100 | +9.8% |
| Trade receivables | 40 | €11,216 | €12,316 | +€1,100 | +9.8% |
| Cash at bank and in hand | 54/58 | €25,456 | €45,432 | +€19,975 | +78.5% |
| Deferred charges and accrued income | 490/1 | €1,538 | €1,393 | -€146 | -9.5% |
| Total equity and liabilities | 10/49 | €99,291 | €108,625 | +€9,334 | +9.4% |
| Equity | 10/15 | €21,585 | €26,536 | +€4,951 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,125 | €6,076 | +€4,951 | +440.1% |
| Amounts payable | 17/49 | €77,707 | €82,090 | +€4,383 | +5.6% |
| Amounts payable after more than one year | 17 | €32,908 | €23,216 | -€9,692 | -29.5% |
| Financial debts | 170/4 | €32,908 | €23,216 | -€9,692 | -29.5% |
| Amounts payable within one year | 42/48 | €44,798 | €58,874 | +€14,075 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €14,018 | €9,692 | -€4,326 | -30.9% |
| Trade debts | 44 | €3,807 | €9,742 | +€5,935 | +155.9% |
| Suppliers | 440/4 | €3,807 | €9,742 | +€5,935 | +155.9% |
| Advances received on contracts in progress | 46 | - | €2,776 | +€2,776 | |
| Taxes, remuneration and social security | 45 | €1,633 | €3,889 | +€2,257 | +138.2% |
| Taxes | 450/3 | €1,633 | €3,889 | +€2,257 | +138.2% |
| Other amounts payable | 47/48 | €25,341 | €32,774 | +€7,433 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,747 | €22,565 | -€183 | -0.8% |
| Other operating charges | 640/8 | €1,028 | €1,340 | +€312 | +30.4% |
| Non-recurring operating charges | 66A | - | €1,796 | +€1,796 | |
| Gross operating margin | 9900 | €20,310 | €33,510 | +€13,200 | +65.0% |
| Operating profit (loss) | 9901 | -€3,465 | €7,810 | +€11,275 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,495 | €1,505 | +€9 | +0.6% |
| Recurring financial charges | 65 | €1,495 | €1,505 | +€9 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,960 | €6,305 | +€11,266 | |
| Income taxes | 67/77 | - | €1,355 | +€1,355 | |
| Profit (loss) for the period | 9904 | -€4,960 | €4,951 | +€9,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,960 | €4,951 | +€9,911 |
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 10 October 2026 via checked.be.