LakeSprings: what changed
What changed
LakeSprings
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€279,323
2024 · €68.1m-€67.8m
Equity
€432.4m
2024 · €427.8m+€4.7m
Cash
€486,489
2024 · €32,720+€453,769
Balance sheet total
€488.0m
2024 · €490.9m-€2.9m
Largest movements
Assets
- Current investments -€6.0m
down €6.0m (-54.5%), from €11.0m to €5.0m
Equity and liabilities
- Debts after one year -€11.5m
no longer reported in 2025 (was €11.5m)
of which Financial debts: -€10.0m
- Current portion of long-term debt +€10.0m
up €10.0m (+667%), from €1.5m to €11.5m
- Other debts -€6.1m
down €6.1m (-12.1%), from €50.0m to €44.0m
Income statement
- Financial income -€67.9m
down €67.9m (-99.3%), from €68.4m to €446,088
of which Non-recurring financial income: -€55.1m
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.
Result 2024
€68.1m
Other operating charges
+€1
Other operating items
-€18,117
Financial income
-€67.9m
Financial charges
+€8,019
Taxes
+€120,528
Result 2025
€279,323
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€3.9m
Investment
+€1.4m
Financing
+€2.9m
Cash 2024
€32,720
From operations (derived)
-€3.9m
Net result for the year
+€279,323
Receivables after one year
+€147,280
Receivables within one year
+€1.7m
Smaller working-capital items
+€27,904
Tax, wage and social debts
-€29,319
Other debts
-€6.1m
Investment (derived)
+€1.4m
Investment in fixed assets (net)
-€4.6m
Current investments
+€6.0m
Financing
+€2.9m
Debts after one year
-€11.5m
Current portion of long-term debt
+€10.0m
Contributions, distributions and other
+€4.4m
Cash 2025
€486,489
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,857,744 | €487,978,081 | -€2.9m | -0.6% |
| Fixed assets | 21/28 | €477,746,016 | €482,299,808 | +€4.6m | +1.0% |
| Financial fixed assets | 28 | €477,746,016 | €482,299,808 | +€4.6m | +1.0% |
| Affiliated companies | 280/1 | €477,746,014 | €482,299,806 | +€4.6m | +1.0% |
| Participating interests | 280 | €472,700,085 | €477,103,832 | +€4.4m | +0.9% |
| Amounts receivable | 281 | €5,045,929 | €5,195,975 | +€150,045 | +3.0% |
| Other financial fixed assets | 284/8 | €2 | €2 | = | 0.0% |
| Shares | 284 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €13,111,727 | €5,678,273 | -€7.4m | -56.7% |
| Amounts receivable after more than one year | 29 | €147,280 | - | -€147,280 | |
| Other amounts receivable | 291 | €147,280 | - | -€147,280 | |
| Amounts receivable within one year | 40/41 | €1,922,847 | €188,868 | -€1.7m | -90.2% |
| Trade receivables | 40 | - | €204 | +€204 | |
| Other amounts receivable | 41 | €1,922,847 | €188,664 | -€1.7m | -90.2% |
| Current investments | 50/53 | €11,000,000 | €5,000,000 | -€6.0m | -54.5% |
| Other investments | 51/53 | €11,000,000 | €5,000,000 | -€6.0m | -54.5% |
| Cash at bank and in hand | 54/58 | €32,720 | €486,489 | +€453,769 | +1,387% |
| Deferred charges and accrued income | 490/1 | €8,880 | €2,916 | -€5,964 | -67.2% |
| Total equity and liabilities | 10/49 | €490,857,744 | €487,978,081 | -€2.9m | -0.6% |
| Equity | 10/15 | €427,755,722 | €432,438,792 | +€4.7m | +1.1% |
| Contributions | 10/11 | €132,382,676 | €132,382,676 | = | 0.0% |
| Capital | 10 | €132,382,676 | €132,382,676 | = | 0.0% |
| Issued capital | 100 | €132,382,676 | €132,382,676 | = | 0.0% |
| Revaluation surpluses | 12 | €224,186,866 | €228,590,612 | +€4.4m | +2.0% |
| Reserves | 13 | €71,186,000 | €71,465,000 | +€279,000 | +0.4% |
| Non-distributable reserves | 130/1 | €5,167,146 | €5,181,112 | +€13,966 | +0.3% |
| Legal reserve | 130 | €5,167,146 | €5,181,112 | +€13,966 | +0.3% |
| Distributable reserves | 133 | €66,018,854 | €66,283,888 | +€265,034 | +0.4% |
| Profit (loss) carried forward | 14 | €180 | €504 | +€323 | +179% |
| Amounts payable | 17/49 | €63,102,022 | €55,539,289 | -€7.6m | -12.0% |
| Amounts payable after more than one year | 17 | €11,500,000 | - | -€11.5m | |
| Financial debts | 170/4 | €10,000,000 | - | -€10.0m | |
| Credit institutions | 173 | €10,000,000 | - | -€10.0m | |
| Other amounts payable | 178/9 | €1,500,000 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €51,596,172 | €55,534,952 | +€3.9m | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €1,500,000 | €11,500,000 | +€10.0m | +667% |
| Trade debts | 44 | €27,348 | €50,801 | +€23,453 | +85.8% |
| Suppliers | 440/4 | €27,348 | €50,801 | +€23,453 | +85.8% |
| Taxes, remuneration and social security | 45 | €29,319 | - | -€29,319 | |
| Taxes | 450/3 | €29,319 | - | -€29,319 | |
| Other amounts payable | 47/48 | €50,039,505 | €43,984,151 | -€6.1m | -12.1% |
| Accrued charges and deferred income | 492/3 | €5,850 | €4,337 | -€1,513 | -25.9% |
| Operating income | 70/76A | €11,000 | - | -€11,000 | |
| Other operating income | 74 | €11,000 | - | -€11,000 | |
| Operating charges | 60/66A | €28,584 | €35,700 | +€7,116 | +24.9% |
| Services and other goods | 61 | €27,009 | €34,126 | +€7,117 | +26.4% |
| Other operating charges | 640/8 | €1,576 | €1,574 | -€1 | -0.1% |
| Operating profit (loss) | 9901 | -€17,584 | -€35,700 | -€18,116 | -103% |
| Financial income | 75/76B | €68,367,108 | €446,088 | -€67.9m | -99.3% |
| Recurring financial income | 75 | €13,302,108 | €446,088 | -€12.9m | -96.6% |
| Income from financial fixed assets | 750 | €12,757,390 | €299,565 | -€12.5m | -97.7% |
| Income from current assets | 751 | €398,618 | €146,523 | -€252,095 | -63.2% |
| Other financial income | 752/9 | €146,100 | - | -€146,100 | |
| Non-recurring financial income | 76B | €55,065,000 | - | -€55.1m | |
| Financial charges | 65/66B | €46,045 | €38,026 | -€8,019 | -17.4% |
| Recurring financial charges | 65 | €46,045 | €38,026 | -€8,019 | -17.4% |
| Debt charges | 650 | €45,631 | €37,514 | -€8,117 | -17.8% |
| Other financial charges | 652/9 | €414 | €512 | +€98 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €68,303,478 | €372,361 | -€67.9m | -99.5% |
| Income taxes | 67/77 | €213,565 | €93,038 | -€120,528 | -56.4% |
| Taxes | 670/3 | €213,565 | €93,038 | -€120,528 | -56.4% |
| Profit (loss) for the period | 9904 | €68,089,913 | €279,323 | -€67.8m | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,089,913 | €279,323 | -€67.8m | -99.6% |
Next steps
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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 2 November 2026 via checked.be.