LAUNIE: 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.
LAUNIE
Largest movements
- Current investments +€100,000
up €100,000 (+66.7%), from €150,000 to €250,000
- Cash -€76,352
down €76,352 (-84.4%), from €90,421 to €14,069
mainly Investment in fixed assets (net) (-€114,004) and Current investments (-€100,000)
- Tangible fixed assets +€74,429
up €74,429 (+15.4%), from €484,352 to €558,781
- Receivables within one year +€8,848
up €8,848 (+59.1%), from €14,977 to €23,825
of which Other amounts receivable: +€7,512
- Reserves +€115,150
up €115,150 (+26.4%), from €436,800 to €551,950
of which Distributable reserves: +€125,500
- Gross operating margin +€94,814
up €94,814 (+65.2%), from €145,423 to €240,237
- Taxes +€26,394
up €26,394 (+59.0%), from €44,726 to €71,120
- Depreciation +€18,214
up €18,214 (+85.3%), from €21,362 to €39,575
- Financial income +€5,479
up €5,479 (+202.2%), from €2,709 to €8,188
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 | €739,750 | €846,675 | +€106,925 | +14.5% |
| Fixed assets | 21/28 | €484,352 | €558,781 | +€74,429 | +15.4% |
| Tangible fixed assets | 22/27 | €484,352 | €558,781 | +€74,429 | +15.4% |
| Land and buildings | 22 | €484,352 | €558,781 | +€74,429 | +15.4% |
| Current assets | 29/58 | €255,398 | €287,894 | +€32,496 | +12.7% |
| Amounts receivable within one year | 40/41 | €14,977 | €23,825 | +€8,848 | +59.1% |
| Trade receivables | 40 | €13,879 | €15,215 | +€1,336 | +9.6% |
| Other amounts receivable | 41 | €1,097 | €8,609 | +€7,512 | +684.6% |
| Current investments | 50/53 | €150,000 | €250,000 | +€100,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €90,421 | €14,069 | -€76,352 | -84.4% |
| Total equity and liabilities | 10/49 | €739,750 | €846,675 | +€106,925 | +14.5% |
| Equity | 10/15 | €692,356 | €807,587 | +€115,231 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,800 | €551,950 | +€115,150 | +26.4% |
| Tax-exempt reserves | 132 | €46,940 | €36,590 | -€10,350 | -22.0% |
| Distributable reserves | 133 | €389,860 | €515,360 | +€125,500 | +32.2% |
| Profit (loss) carried forward | 14 | €236,956 | €237,037 | +€81 | 0.0% |
| Provisions and deferred taxes | 16 | €15,027 | €11,714 | -€3,313 | -22.0% |
| Deferred taxes | 168 | €15,027 | €11,714 | -€3,313 | -22.0% |
| Amounts payable | 17/49 | €32,367 | €27,374 | -€4,993 | -15.4% |
| Amounts payable after more than one year | 17 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,367 | €26,374 | -€4,993 | -15.9% |
| Trade debts | 44 | €194 | €32 | -€162 | -83.5% |
| Suppliers | 440/4 | €194 | €32 | -€162 | -83.5% |
| Taxes, remuneration and social security | 45 | €31,173 | €26,342 | -€4,831 | -15.5% |
| Taxes | 450/3 | €31,173 | €26,342 | -€4,831 | -15.5% |
| Non-recurring operating income | 76A | - | €99,987 | +€99,987 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,362 | €39,575 | +€18,214 | +85.3% |
| Other operating charges | 640/8 | €3,869 | €3,647 | -€222 | -5.7% |
| Gross operating margin | 9900 | €145,423 | €240,237 | +€94,814 | +65.2% |
| Operating profit (loss) | 9901 | €120,193 | €197,015 | +€76,822 | +63.9% |
| Financial income | 75/76B | €2,709 | €8,188 | +€5,479 | +202.2% |
| Recurring financial income | 75 | €2,709 | €8,188 | +€5,479 | +202.2% |
| Financial charges | 65/66B | €165 | €165 | = | 0.0% |
| Recurring financial charges | 65 | €165 | €165 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €122,737 | €205,038 | +€82,301 | +67.1% |
| Transfer from deferred taxes | 780 | €3,313 | €3,313 | = | 0.0% |
| Income taxes | 67/77 | €44,726 | €71,120 | +€26,394 | +59.0% |
| Profit (loss) for the period | 9904 | €81,324 | €137,231 | +€55,907 | +68.7% |
| Transfer from tax-exempt reserves | 789 | €10,350 | €10,350 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,674 | €147,581 | +€55,907 | +61.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.