LAKESHORE: 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.
LAKESHORE
Largest movements
- Receivables within one year +€35,487
up €35,487 (+38.3%), from €92,617 to €128,104
of which Trade receivables: +€19,085
- Cash +€3,871
up €3,871 (+216%), from €1,795 to €5,666
mainly Net result for the year (+€29,406) and Tax, wage and social debts (+€12,346)
- Tangible fixed assets -€3,217
down €3,217 (-61.9%), from €5,196 to €1,979
of which Other tangible fixed assets: -€2,642
- Profit (loss) carried forward +€29,406
up €29,406 (+40.5%), from €72,523 to €101,929
- Tax, wage and social debts +€12,346
up €12,346 (+369%), from €3,348 to €15,694
of which Taxes: +€8,170
- Trade debts -€7,112
down €7,112 (-42.3%), from €16,810 to €9,698
- Gross operating margin -€62,404
down €62,404 (-46.9%), from €133,072 to €70,668
- Staff costs -€61,361
down €61,361 (-60.3%), from €101,796 to €40,434
- Taxes +€6,840
up €6,840 (+4,045%), from €169 to €7,010
- Financial income +€3,157
up €3,157 (+38.7%), from €8,155 to €11,312
of which Non-recurring financial income: +€6,980
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 | €101,736 | €136,574 | +€34,837 | +34.2% |
| Fixed assets | 21/28 | €5,396 | €2,179 | -€3,217 | -59.6% |
| Tangible fixed assets | 22/27 | €5,196 | €1,979 | -€3,217 | -61.9% |
| Plant, machinery and equipment | 23 | €477 | - | -€477 | |
| Furniture and vehicles | 24 | €98 | - | -€98 | |
| Other tangible fixed assets | 26 | €4,621 | €1,979 | -€2,642 | -57.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €96,340 | €134,395 | +€38,054 | +39.5% |
| Amounts receivable within one year | 40/41 | €92,617 | €128,104 | +€35,487 | +38.3% |
| Trade receivables | 40 | €15,551 | €34,635 | +€19,085 | +123% |
| Other amounts receivable | 41 | €77,066 | €93,469 | +€16,403 | +21.3% |
| Cash at bank and in hand | 54/58 | €1,795 | €5,666 | +€3,871 | +216% |
| Deferred charges and accrued income | 490/1 | €1,929 | €625 | -€1,304 | -67.6% |
| Total equity and liabilities | 10/49 | €101,736 | €136,574 | +€34,837 | +34.2% |
| Equity | 10/15 | €80,578 | €109,984 | +€29,406 | +36.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,523 | €101,929 | +€29,406 | +40.5% |
| Amounts payable | 17/49 | €21,158 | €26,590 | +€5,431 | +25.7% |
| Amounts payable within one year | 42/48 | €20,158 | €25,393 | +€5,234 | +26.0% |
| Trade debts | 44 | €16,810 | €9,698 | -€7,112 | -42.3% |
| Suppliers | 440/4 | €16,810 | €9,698 | -€7,112 | -42.3% |
| Taxes, remuneration and social security | 45 | €3,348 | €15,694 | +€12,346 | +369% |
| Taxes | 450/3 | €3,348 | €11,518 | +€8,170 | +244% |
| Remuneration and social security | 454/9 | - | €4,176 | +€4,176 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,197 | +€197 | +19.7% |
| Non-recurring operating income | 76A | €44,419 | - | -€44,419 | |
| Remuneration, social security and pensions | 62 | €101,796 | €40,434 | -€61,361 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,109 | €3,217 | -€892 | -21.7% |
| Other operating charges | 640/8 | €538 | €863 | +€326 | +60.6% |
| Gross operating margin | 9900 | €133,072 | €70,668 | -€62,404 | -46.9% |
| Operating profit (loss) | 9901 | €26,630 | €26,154 | -€476 | -1.8% |
| Financial income | 75/76B | €8,155 | €11,312 | +€3,157 | +38.7% |
| Recurring financial income | 75 | €8,155 | €4,332 | -€3,823 | -46.9% |
| Non-recurring financial income | 76B | - | €6,980 | +€6,980 | |
| Financial charges | 65/66B | €1,412 | €1,050 | -€362 | -25.6% |
| Recurring financial charges | 65 | €1,412 | €1,050 | -€362 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €33,373 | €36,416 | +€3,043 | +9.1% |
| Income taxes | 67/77 | €169 | €7,010 | +€6,840 | +4,045% |
| Profit (loss) for the period | 9904 | €33,204 | €29,406 | -€3,798 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,204 | €29,406 | -€3,798 | -11.4% |
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 24 October 2026 via checked.be.