H@ppétit: 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.
H@ppétit
Largest movements
- Receivables within one year -€24,121
down €24,121 (-68.9%), from €35,032 to €10,911
of which Trade receivables: -€24,772
- Tangible fixed assets +€7,418
up €7,418 (+14.7%), from €50,527 to €57,946
of which Furniture and vehicles: +€17,448
- Deferred charges and accrued income +€2,146
new in 2025: €2,146
- Stocks and contracts +€1,050
up €1,050 (+11.5%), from €9,119 to €10,169
- Other debts -€8,877
down €8,877 (-43.8%), from €20,273 to €11,396
- Current portion of long-term debt -€8,807
down €8,807 (-100%), from €8,807 to €0
- Reserves +€5,432
up €5,432 (+15.6%), from €34,720 to €40,152
- Tax, wage and social debts +€5,109
up €5,109 (+75.3%), from €6,784 to €11,893
of which Taxes: +€3,254
- Short-term financial debts -€4,774
down €4,774 (-100%), from €4,774 to €0
- Staff costs +€21,502
up €21,502 (+56.2%), from €38,275 to €59,777
- Gross operating margin +€15,666
up €15,666 (+23.8%), from €65,690 to €81,355
- Depreciation +€2,299
up €2,299 (+27.8%), from €8,283 to €10,582
- Financial charges -€1,161
down €1,161 (-39.0%), from €2,980 to €1,819
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.
Derived cash bridge
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 | €98,847 | €85,185 | -€13,662 | -13.8% |
| Fixed assets | 21/28 | €50,527 | €57,946 | +€7,418 | +14.7% |
| Tangible fixed assets | 22/27 | €50,527 | €57,946 | +€7,418 | +14.7% |
| Plant, machinery and equipment | 23 | €27,449 | €21,364 | -€6,085 | -22.2% |
| Furniture and vehicles | 24 | €1,352 | €18,800 | +€17,448 | +1,291% |
| Other tangible fixed assets | 26 | €21,727 | €17,781 | -€3,945 | -18.2% |
| Current assets | 29/58 | €48,319 | €27,239 | -€21,080 | -43.6% |
| Stocks and contracts in progress | 3 | €9,119 | €10,169 | +€1,050 | +11.5% |
| Stocks | 30/36 | €9,119 | €10,169 | +€1,050 | +11.5% |
| Amounts receivable within one year | 40/41 | €35,032 | €10,911 | -€24,121 | -68.9% |
| Trade receivables | 40 | €34,414 | €9,642 | -€24,772 | -72.0% |
| Other amounts receivable | 41 | €618 | €1,269 | +€651 | +105% |
| Cash at bank and in hand | 54/58 | €4,169 | €4,014 | -€155 | -3.7% |
| Deferred charges and accrued income | 490/1 | - | €2,146 | +€2,146 | |
| Total equity and liabilities | 10/49 | €98,847 | €85,185 | -€13,662 | -13.8% |
| Equity | 10/15 | €44,720 | €50,152 | +€5,432 | +12.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €34,720 | €40,152 | +€5,432 | +15.6% |
| Distributable reserves | 133 | €34,720 | €40,152 | +€5,432 | +15.6% |
| Amounts payable | 17/49 | €54,126 | €35,033 | -€19,093 | -35.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €54,126 | €35,033 | -€19,093 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €8,807 | €0 | -€8,807 | -100% |
| Financial debts | 43 | €4,774 | €0 | -€4,774 | -100% |
| Credit institutions | 430/8 | €4,774 | €0 | -€4,774 | -100% |
| Trade debts | 44 | €12,939 | €11,306 | -€1,633 | -12.6% |
| Suppliers | 440/4 | €12,939 | €11,306 | -€1,633 | -12.6% |
| Advances received on contracts in progress | 46 | €550 | €438 | -€111 | -20.3% |
| Taxes, remuneration and social security | 45 | €6,784 | €11,893 | +€5,109 | +75.3% |
| Taxes | 450/3 | €2,898 | €6,152 | +€3,254 | +112% |
| Remuneration and social security | 454/9 | €3,886 | €5,741 | +€1,855 | +47.7% |
| Other amounts payable | 47/48 | €20,273 | €11,396 | -€8,877 | -43.8% |
| Remuneration, social security and pensions | 62 | €38,275 | €59,777 | +€21,502 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,283 | €10,582 | +€2,299 | +27.8% |
| Other operating charges | 640/8 | €844 | €976 | +€132 | +15.7% |
| Gross operating margin | 9900 | €65,690 | €81,355 | +€15,666 | +23.8% |
| Operating profit (loss) | 9901 | €18,288 | €10,020 | -€8,268 | -45.2% |
| Financial charges | 65/66B | €2,980 | €1,819 | -€1,161 | -39.0% |
| Recurring financial charges | 65 | €2,980 | €1,819 | -€1,161 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €15,308 | €8,201 | -€7,107 | -46.4% |
| Income taxes | 67/77 | €2,370 | €2,769 | +€399 | +16.8% |
| Profit (loss) for the period | 9904 | €12,938 | €5,432 | -€7,506 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,938 | €5,432 | -€7,506 | -58.0% |
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 20 October 2026 via checked.be.