LAKE VIEW: what changed
LAKE VIEW
Largest movements
- Cash -€87,176
down €87,176 (-95.1%), from €91,664 to €4,489
mainly Other debts (-€75,000) and Net result for the year (-€57,681)
- Tangible fixed assets -€46,616
down €46,616 (-14.7%), from €316,966 to €270,350
of which Plant, machinery and equipment: -€24,000
- Receivables within one year -€6,070
down €6,070 (-17.8%), from €34,101 to €28,031
of which Trade receivables: -€7,845
- Other debts -€75,000
down €75,000 (-18.7%), from €401,747 to €326,747
- Profit (loss) carried forward -€57,681
down €57,681 (-88.0%), from -€65,515 to -€123,196
- Trade debts -€7,420
no longer reported in 2025 (was €7,420)
- Depreciation -€7,744
down €7,744 (-14.2%), from €54,600 to €46,856
- Other operating charges -€574
down €574 (-13.4%), from €4,292 to €3,717
- Gross operating margin -€252
down €252 (-3.9%), from -€6,394 to -€6,646
- Financial charges +€231
up €231 (+101%), from €230 to €461
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,652 | €303,551 | -€140,101 | -31.6% |
| Formation expenses | 20 | €921 | €681 | -€240 | -26.1% |
| Fixed assets | 21/28 | €316,966 | €270,350 | -€46,616 | -14.7% |
| Tangible fixed assets | 22/27 | €316,966 | €270,350 | -€46,616 | -14.7% |
| Land and buildings | 22 | €224,900 | €202,285 | -€22,616 | -10.1% |
| Plant, machinery and equipment | 23 | €92,066 | €68,066 | -€24,000 | -26.1% |
| Current assets | 29/58 | €125,765 | €32,520 | -€93,245 | -74.1% |
| Amounts receivable within one year | 40/41 | €34,101 | €28,031 | -€6,070 | -17.8% |
| Trade receivables | 40 | €7,845 | - | -€7,845 | |
| Other amounts receivable | 41 | €26,256 | €28,031 | +€1,775 | +6.8% |
| Cash at bank and in hand | 54/58 | €91,664 | €4,489 | -€87,176 | -95.1% |
| Total equity and liabilities | 10/49 | €443,652 | €303,551 | -€140,101 | -31.6% |
| Equity | 10/15 | €34,485 | -€23,196 | -€57,681 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,515 | -€123,196 | -€57,681 | -88.0% |
| Amounts payable | 17/49 | €409,167 | €326,747 | -€82,420 | -20.1% |
| Amounts payable within one year | 42/48 | €409,167 | €326,747 | -€82,420 | -20.1% |
| Trade debts | 44 | €7,420 | - | -€7,420 | |
| Suppliers | 440/4 | €7,420 | - | -€7,420 | |
| Other amounts payable | 47/48 | €401,747 | €326,747 | -€75,000 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,600 | €46,856 | -€7,744 | -14.2% |
| Other operating charges | 640/8 | €4,292 | €3,717 | -€574 | -13.4% |
| Gross operating margin | 9900 | -€6,394 | -€6,646 | -€252 | -3.9% |
| Operating profit (loss) | 9901 | -€65,285 | -€57,219 | +€8,066 | +12.4% |
| Financial charges | 65/66B | €230 | €461 | +€231 | +101% |
| Recurring financial charges | 65 | €230 | €461 | +€231 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€65,515 | -€57,681 | +€7,835 | +12.0% |
| Profit (loss) for the period | 9904 | -€65,515 | -€57,681 | +€7,835 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,515 | -€57,681 | +€7,835 | +12.0% |
Next steps
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 5 November 2026 via checked.be.