LAUCHET: 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.
LAUCHET
Largest movements
- Receivables within one year -€109,221
down €109,221 (-80.5%), from €135,715 to €26,494
of which Trade receivables: -€109,385
- Cash +€17,349
up €17,349 (+46.1%), from €37,630 to €54,979
mainly Receivables within one year (+€109,221) and Net result for the year (+€20,350)
- Stocks and contracts +€4,535
up €4,535 (+90.5%), from €5,009 to €9,544
- Trade debts -€106,416
down €106,416 (-79.2%), from €134,361 to €27,945
- Reserves +€22,088
up €22,088 (+139.4%), from €15,849 to €37,937
- Gross operating margin +€14,486
up €14,486 (+42.2%), from €34,350 to €48,837
- Staff costs -€5,790
down €5,790 (-27.0%), from €21,419 to €15,629
- Other operating charges +€2,263
up €2,263 (+29.7%), from €7,610 to €9,873
- Taxes +€1,005
up €1,005 (+942.8%), from €107 to €1,112
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 | €190,306 | €102,674 | -€87,632 | -46.0% |
| Fixed assets | 21/28 | €10,726 | €9,378 | -€1,348 | -12.6% |
| Tangible fixed assets | 22/27 | €4,166 | €2,819 | -€1,348 | -32.3% |
| Plant, machinery and equipment | 23 | €386 | €186 | -€200 | -51.8% |
| Furniture and vehicles | 24 | €1,736 | €986 | -€750 | -43.2% |
| Other tangible fixed assets | 26 | €2,045 | €1,647 | -€398 | -19.5% |
| Financial fixed assets | 28 | €6,559 | €6,559 | = | 0.0% |
| Current assets | 29/58 | €179,580 | €93,296 | -€86,284 | -48.0% |
| Stocks and contracts in progress | 3 | €5,009 | €9,544 | +€4,535 | +90.5% |
| Stocks | 30/36 | €5,009 | €9,544 | +€4,535 | +90.5% |
| Amounts receivable within one year | 40/41 | €135,715 | €26,494 | -€109,221 | -80.5% |
| Trade receivables | 40 | €134,871 | €25,486 | -€109,385 | -81.1% |
| Other amounts receivable | 41 | €844 | €1,008 | +€165 | +19.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €37,630 | €54,979 | +€17,349 | +46.1% |
| Deferred charges and accrued income | 490/1 | €1,227 | €2,279 | +€1,052 | +85.8% |
| Total equity and liabilities | 10/49 | €190,306 | €102,674 | -€87,632 | -46.0% |
| Equity | 10/15 | €48,574 | €68,924 | +€20,350 | +41.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €15,849 | €37,937 | +€22,088 | +139.4% |
| Distributable reserves | 133 | €15,849 | €37,937 | +€22,088 | +139.4% |
| Profit (loss) carried forward | 14 | €1,738 | €0 | -€1,738 | -100.0% |
| Amounts payable | 17/49 | €141,733 | €33,750 | -€107,982 | -76.2% |
| Amounts payable within one year | 42/48 | €141,733 | €33,413 | -€108,319 | -76.4% |
| Financial debts | 43 | €44 | €0 | -€44 | -100.0% |
| Credit institutions | 430/8 | €44 | €0 | -€44 | -100.0% |
| Trade debts | 44 | €134,361 | €27,945 | -€106,416 | -79.2% |
| Suppliers | 440/4 | €134,361 | €27,945 | -€106,416 | -79.2% |
| Taxes, remuneration and social security | 45 | €3,689 | €2,069 | -€1,620 | -43.9% |
| Taxes | 450/3 | €1,290 | €757 | -€533 | -41.3% |
| Remuneration and social security | 454/9 | €2,399 | €1,312 | -€1,087 | -45.3% |
| Other amounts payable | 47/48 | €3,639 | €3,400 | -€239 | -6.6% |
| Accrued charges and deferred income | 492/3 | - | €337 | +€337 | |
| Remuneration, social security and pensions | 62 | €21,419 | €15,629 | -€5,790 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €1,348 | +€236 | +21.2% |
| Other operating charges | 640/8 | €7,610 | €9,873 | +€2,263 | +29.7% |
| Gross operating margin | 9900 | €34,350 | €48,837 | +€14,486 | +42.2% |
| Operating profit (loss) | 9901 | €4,209 | €21,987 | +€17,778 | +422.4% |
| Financial income | 75/76B | €4 | €126 | +€122 | +3329.7% |
| Recurring financial income | 75 | €4 | €126 | +€122 | +3329.7% |
| Financial charges | 65/66B | €653 | €651 | -€2 | -0.3% |
| Recurring financial charges | 65 | €653 | €651 | -€2 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €3,560 | €21,462 | +€17,902 | +502.9% |
| Income taxes | 67/77 | €107 | €1,112 | +€1,005 | +942.8% |
| Profit (loss) for the period | 9904 | €3,453 | €20,350 | +€16,897 | +489.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,453 | €20,350 | +€16,897 | +489.3% |
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 9 October 2026 via checked.be.