Fluxes of major ions and nutrients were measured in the watershed-lake ecosystem of a strongly acidified lake, Čertovo jezero (Čertovo Lake), in the 2001 through 2005 hydrological years. Water balance was estimated from precipitation and throughfall amounts, and measured outflow from the lake. The average water input into and outflow from the watershedlake ecosystem was 1461 mm and 1271 mm (40 L km −2 s −1 ), respectively, and the water residence time in the lake averaged 662 days. The ecosystem has been recovering from acidification since the late 1980s. Still, however, Čertovo watershed was an average net source of 23 mmol m reduction, and photochemical and microbial decomposition of allochthonous organic matter were the most important in-lake H + consuming processes (215, 85, and 122 mmol H + m −2 yr −1 , respectively), while hydrolysis of Ali was the dominant H + generating process (96 mmol H + m −2 yr −1 ) in Čertovo Lake. Photochemical liberation from organic complexes was an additional in-lake source of Ali. The net in-lake retention or removal of nutrients (carbon, phosphorus, nitrogen, and silica) varied between 18% and 34% of their inputs.