LAUNA: 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.
LAUNA
Largest movements
- Tangible fixed assets -€35,032
down €35,032 (-5.3%), from €664,995 to €629,963
- Debts after one year -€28,571
down €28,571 (-4.4%), from €646,765 to €618,195
- Gross operating margin +€5,746
up €5,746 (+12.0%), from €47,703 to €53,449
- Financial charges -€1,175
down €1,175 (-6.5%), from €17,974 to €16,799
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 | €666,332 | €632,384 | -€33,947 | -5.1% |
| Fixed assets | 21/28 | €664,995 | €629,963 | -€35,032 | -5.3% |
| Tangible fixed assets | 22/27 | €664,995 | €629,963 | -€35,032 | -5.3% |
| Land and buildings | 22 | €664,995 | €629,963 | -€35,032 | -5.3% |
| Current assets | 29/58 | €1,337 | €2,422 | +€1,085 | +81.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €820 | €1,886 | +€1,067 | +130.1% |
| Deferred charges and accrued income | 490/1 | €517 | €535 | +€18 | +3.5% |
| Total equity and liabilities | 10/49 | €666,332 | €632,384 | -€33,947 | -5.1% |
| Equity | 10/15 | €16,848 | €11,268 | -€5,580 | -33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,752 | -€22,332 | -€5,580 | -33.3% |
| Amounts payable | 17/49 | €649,484 | €621,116 | -€28,368 | -4.4% |
| Amounts payable after more than one year | 17 | €646,765 | €618,195 | -€28,571 | -4.4% |
| Financial debts | 170/4 | €646,765 | €618,195 | -€28,571 | -4.4% |
| Amounts payable within one year | 42/48 | €2,430 | €2,885 | +€456 | +18.7% |
| Trade debts | 44 | €2,430 | €2,885 | +€456 | +18.7% |
| Suppliers | 440/4 | €2,430 | €2,885 | +€456 | +18.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €289 | €36 | -€252 | -87.4% |
| Non-recurring operating income | 76A | €1,619 | - | -€1,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,773 | €35,032 | +€259 | +0.7% |
| Other operating charges | 640/8 | €6,980 | €7,198 | +€217 | +3.1% |
| Gross operating margin | 9900 | €47,703 | €53,449 | +€5,746 | +12.0% |
| Operating profit (loss) | 9901 | €5,949 | €11,219 | +€5,270 | +88.6% |
| Financial charges | 65/66B | €17,974 | €16,799 | -€1,175 | -6.5% |
| Recurring financial charges | 65 | €17,974 | €16,799 | -€1,175 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,024 | -€5,580 | +€6,445 | +53.6% |
| Profit (loss) for the period | 9904 | -€12,024 | -€5,580 | +€6,445 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,024 | -€5,580 | +€6,445 | +53.6% |
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.