Happ-I Development: 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.
Happ-I Development
Largest movements
- Cash -€40,073
down €40,073 (-28.2%), from €141,916 to €101,843
mainly Contributions, distributions and other (-€76,415) and Other debts (-€38,957)
- Receivables within one year +€2,165
up €2,165 (+22.5%), from €9,624 to €11,789
of which Other amounts receivable: +€7,312
- Other debts -€38,957
down €38,957 (-30.0%), from €129,873 to €90,916
- Tax, wage and social debts +€2,648
up €2,648 (+13.4%), from €19,758 to €22,405
- Gross operating margin -€5,462
down €5,462 (-5.2%), from €104,799 to €99,337
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 | €154,662 | €116,823 | -€37,839 | -24.5% |
| Fixed assets | 21/28 | €3,123 | €3,191 | +€68 | +2.2% |
| Tangible fixed assets | 22/27 | €3,123 | €3,191 | +€68 | +2.2% |
| Furniture and vehicles | 24 | €3,123 | €3,191 | +€68 | +2.2% |
| Current assets | 29/58 | €151,539 | €113,632 | -€37,908 | -25.0% |
| Amounts receivable within one year | 40/41 | €9,624 | €11,789 | +€2,165 | +22.5% |
| Trade receivables | 40 | €5,147 | - | -€5,147 | |
| Other amounts receivable | 41 | €4,477 | €11,789 | +€7,312 | +163.3% |
| Cash at bank and in hand | 54/58 | €141,916 | €101,843 | -€40,073 | -28.2% |
| Total equity and liabilities | 10/49 | €154,662 | €116,823 | -€37,839 | -24.5% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €151,662 | €113,823 | -€37,839 | -24.9% |
| Amounts payable within one year | 42/48 | €151,662 | €113,823 | -€37,839 | -24.9% |
| Financial debts | 43 | €673 | - | -€673 | |
| Credit institutions | 430/8 | €673 | - | -€673 | |
| Trade debts | 44 | €1,359 | €502 | -€857 | -63.1% |
| Suppliers | 440/4 | €1,359 | €502 | -€857 | -63.1% |
| Taxes, remuneration and social security | 45 | €19,758 | €22,405 | +€2,648 | +13.4% |
| Taxes | 450/3 | €19,758 | €22,405 | +€2,648 | +13.4% |
| Other amounts payable | 47/48 | €129,873 | €90,916 | -€38,957 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,757 | €2,403 | -€354 | -12.8% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | €979 | - | -€979 | |
| Gross operating margin | 9900 | €104,799 | €99,337 | -€5,462 | -5.2% |
| Operating profit (loss) | 9901 | €100,390 | €96,239 | -€4,151 | -4.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €139 | €139 | -€1 | -0.4% |
| Recurring financial charges | 65 | €139 | €139 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €100,250 | €96,105 | -€4,145 | -4.1% |
| Income taxes | 67/77 | €20,373 | €19,690 | -€683 | -3.4% |
| Profit (loss) for the period | 9904 | €79,877 | €76,415 | -€3,462 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,877 | €76,415 | -€3,462 | -4.3% |
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 29 September 2026 via checked.be.