launch.career: what changed
Two fiscal 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.
launch.career
Largest movements
- Intangible fixed assets -€78,384
down €78,384 (-75.3%), from €104,063 to €25,679
- Receivables within one year -€20,459
down €20,459 (-99.6%), from €20,549 to €90
of which Trade receivables: -€20,506
- Cash +€5,443
up €5,443 (+97.4%), from €5,587 to €11,029
mainly Net result for the year (+€128,644) and Depreciation (+€83,224)
- Profit (loss) carried forward +€128,644
up €128,644 (+13.4%), from -€957,951 to -€829,307
- Debts after one year -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Accrued charges and deferred income -€52,551
down €52,551 (-88.6%), from €59,312 to €6,762
- Tax, wage and social debts -€24,854
down €24,854 (-98.0%), from €25,372 to €518
of which Remuneration and social security: -€17,507
- Trade debts -€15,174
down €15,174 (-85.5%), from €17,757 to €2,584
- Staff costs -€136,628
down €136,628 (-99.0%), from €137,961 to €1,333
- Gross operating margin +€132,217
up €132,217 (+163.5%), from €80,878 to €213,095
- Depreciation -€24,031
down €24,031 (-22.4%), from €107,254 to €83,224
- Financial charges -€5,455
down €5,455 (-95.3%), from €5,724 to €269
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 | €131,872 | €37,578 | -€94,294 | -71.5% |
| Formation expenses | 20 | €1,179 | €577 | -€602 | -51.0% |
| Fixed assets | 21/28 | €104,063 | €25,679 | -€78,384 | -75.3% |
| Intangible fixed assets | 21 | €104,063 | €25,679 | -€78,384 | -75.3% |
| Current assets | 29/58 | €26,630 | €11,322 | -€15,308 | -57.5% |
| Amounts receivable within one year | 40/41 | €20,549 | €90 | -€20,459 | -99.6% |
| Trade receivables | 40 | €20,506 | €0 | -€20,506 | -100.0% |
| Other amounts receivable | 41 | €43 | €90 | +€47 | +109.4% |
| Cash at bank and in hand | 54/58 | €5,587 | €11,029 | +€5,443 | +97.4% |
| Deferred charges and accrued income | 490/1 | €494 | €202 | -€292 | -59.1% |
| Total equity and liabilities | 10/49 | €131,872 | €37,578 | -€94,294 | -71.5% |
| Equity | 10/15 | -€112,351 | €16,293 | +€128,644 | |
| Contributions | 10/11 | €845,600 | €845,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€957,951 | -€829,307 | +€128,644 | +13.4% |
| Amounts payable | 17/49 | €244,223 | €21,285 | -€222,938 | -91.3% |
| Amounts payable after more than one year | 17 | €125,000 | €0 | -€125,000 | -100.0% |
| Financial debts | 170/4 | €125,000 | €0 | -€125,000 | -100.0% |
| Amounts payable within one year | 42/48 | €59,910 | €14,523 | -€45,387 | -75.8% |
| Financial debts | 43 | €1,447 | €1,040 | -€407 | -28.1% |
| Other loans | 439 | €1,447 | €1,040 | -€407 | -28.1% |
| Trade debts | 44 | €17,757 | €2,584 | -€15,174 | -85.5% |
| Suppliers | 440/4 | €17,757 | €2,584 | -€15,174 | -85.5% |
| Taxes, remuneration and social security | 45 | €25,372 | €518 | -€24,854 | -98.0% |
| Taxes | 450/3 | €7,865 | €518 | -€7,347 | -93.4% |
| Remuneration and social security | 454/9 | €17,507 | €0 | -€17,507 | -100.0% |
| Other amounts payable | 47/48 | €15,333 | €10,381 | -€4,952 | -32.3% |
| Accrued charges and deferred income | 492/3 | €59,312 | €6,762 | -€52,551 | -88.6% |
| Non-recurring operating income | 76A | - | €159,869 | +€159,869 | |
| Remuneration, social security and pensions | 62 | €137,961 | €1,333 | -€136,628 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,254 | €83,224 | -€24,031 | -22.4% |
| Other operating charges | 640/8 | €2,177 | €520 | -€1,657 | -76.1% |
| Gross operating margin | 9900 | €80,878 | €213,095 | +€132,217 | +163.5% |
| Operating profit (loss) | 9901 | -€166,514 | €128,019 | +€294,533 | |
| Financial income | 75/76B | €3 | €894 | +€891 | +29024.4% |
| Recurring financial income | 75 | €3 | €894 | +€891 | +29024.4% |
| Financial charges | 65/66B | €5,724 | €269 | -€5,455 | -95.3% |
| Recurring financial charges | 65 | €5,724 | €269 | -€5,455 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€172,235 | €128,644 | +€300,879 | |
| Profit (loss) for the period | 9904 | -€172,235 | €128,644 | +€300,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€172,235 | €128,644 | +€300,879 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.