HAPPILY EVER AFTER: 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.
What changed
HAPPILY EVER AFTER
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€31,461
2024 · -€73,738+€42,277
Equity
€877,038
2024 · €908,499-€31,461
Cash
€6,059
2024 · €22,850-€16,791
Balance sheet total
€3.0m
2024 · €3.1m-€170,746
Largest movements
Assets
- Tangible fixed assets -€112,179
down €112,179 (-6.6%), from €1.7m to €1.6m
of which Land and buildings: -€104,205
- Current investments -€71,508
down €71,508 (-11.7%), from €609,892 to €538,384
Equity and liabilities
- Debts after one year -€136,938
down €136,938 (-9.9%), from €1.4m to €1.2m
- Profit (loss) carried forward -€63,036
down €63,036 (-15.8%), from €400,106 to €337,070
- Reserves +€31,575
up €31,575 (+54.1%), from €58,393 to €89,968
of which Tax-exempt reserves: +€31,575
Income statement
- Other operating charges -€73,263
down €73,263 (-81.7%), from €89,675 to €16,412
- Gross operating margin -€55,187
down €55,187 (-22.2%), from €248,084 to €192,898
- Taxes -€44,272
down €44,272 (-86.7%), from €51,068 to €6,796
- Depreciation +€16,406
up €16,406 (+14.3%), from €114,710 to €131,116
- Financial charges +€15,926
up €15,926 (+20.4%), from €78,035 to €93,961
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.
Result 2024
-€73,738
Gross operating margin
-€55,187
Depreciation
-€16,406
Other operating charges
+€73,263
Other operating items
-€332
Financial income
+€12,592
Financial charges
-€15,926
Taxes
+€44,272
Result 2025
-€31,461
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€56,082
Investment
+€52,556
Financing
-€125,429
Cash 2024
€22,850
From operations (derived)
+€56,082
Net result for the year
-€31,461
Depreciation
+€131,116
Receivables within one year
-€15,444
Deferred charges and accrued income
-€14,273
Trade debts
+€5,362
Tax, wage and social debts
-€4,410
Other debts
-€23,991
Accrued charges and deferred income
+€9,183
Investment (derived)
+€52,556
Investment in fixed assets (net)
-€18,952
Current investments
+€71,508
Financing
-€125,429
Debts after one year
-€136,938
Current portion of long-term debt
-€4,396
Short-term financial debts
+€15,906
Cash 2025
€6,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,135,500 | €2,964,754 | -€170,746 | -5.4% |
| Fixed assets | 21/28 | €1,753,893 | €1,641,729 | -€112,164 | -6.4% |
| Tangible fixed assets | 22/27 | €1,708,499 | €1,596,320 | -€112,179 | -6.6% |
| Land and buildings | 22 | €1,662,027 | €1,557,822 | -€104,205 | -6.3% |
| Furniture and vehicles | 24 | €46,473 | €38,498 | -€7,974 | -17.2% |
| Financial fixed assets | 28 | €45,393 | €45,409 | +€16 | 0.0% |
| Current assets | 29/58 | €1,381,607 | €1,323,025 | -€58,582 | -4.2% |
| Amounts receivable after more than one year | 29 | €412,599 | €412,599 | = | 0.0% |
| Other amounts receivable | 291 | €412,599 | €412,599 | = | 0.0% |
| Stocks and contracts in progress | 3 | €163,648 | €163,648 | = | 0.0% |
| Stocks | 30/36 | €163,648 | €163,648 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €127,047 | €142,491 | +€15,444 | +12.2% |
| Trade receivables | 40 | €56,136 | €52,662 | -€3,475 | -6.2% |
| Other amounts receivable | 41 | €70,911 | €89,830 | +€18,919 | +26.7% |
| Current investments | 50/53 | €609,892 | €538,384 | -€71,508 | -11.7% |
| Cash at bank and in hand | 54/58 | €22,850 | €6,059 | -€16,791 | -73.5% |
| Deferred charges and accrued income | 490/1 | €45,571 | €59,844 | +€14,273 | +31.3% |
| Total equity and liabilities | 10/49 | €3,135,500 | €2,964,754 | -€170,746 | -5.4% |
| Equity | 10/15 | €908,499 | €877,038 | -€31,461 | -3.5% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €58,393 | €89,968 | +€31,575 | +54.1% |
| Tax-exempt reserves | 132 | €48,178 | €79,753 | +€31,575 | +65.5% |
| Distributable reserves | 133 | €10,215 | €10,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €400,106 | €337,070 | -€63,036 | -15.8% |
| Amounts payable | 17/49 | €2,227,001 | €2,087,716 | -€139,285 | -6.3% |
| Amounts payable after more than one year | 17 | €1,377,277 | €1,240,338 | -€136,938 | -9.9% |
| Financial debts | 170/4 | €1,377,277 | €1,240,338 | -€136,938 | -9.9% |
| Amounts payable within one year | 42/48 | €815,630 | €804,100 | -€11,529 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €141,334 | €136,938 | -€4,396 | -3.1% |
| Financial debts | 43 | €50,049 | €65,955 | +€15,906 | +31.8% |
| Credit institutions | 430/8 | €50,049 | €65,955 | +€15,906 | +31.8% |
| Trade debts | 44 | €26,496 | €31,858 | +€5,362 | +20.2% |
| Suppliers | 440/4 | €26,496 | €31,858 | +€5,362 | +20.2% |
| Taxes, remuneration and social security | 45 | €13,499 | €9,090 | -€4,410 | -32.7% |
| Taxes | 450/3 | €13,499 | €9,090 | -€4,410 | -32.7% |
| Other amounts payable | 47/48 | €584,251 | €560,260 | -€23,991 | -4.1% |
| Accrued charges and deferred income | 492/3 | €34,095 | €43,277 | +€9,183 | +26.9% |
| Non-recurring operating income | 76A | €689 | €0 | -€689 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,710 | €131,116 | +€16,406 | +14.3% |
| Other operating charges | 640/8 | €89,675 | €16,412 | -€73,263 | -81.7% |
| Non-recurring operating charges | 66A | €533 | €865 | +€332 | +62.2% |
| Gross operating margin | 9900 | €248,084 | €192,898 | -€55,187 | -22.2% |
| Operating profit (loss) | 9901 | €43,167 | €44,505 | +€1,339 | +3.1% |
| Financial income | 75/76B | €12,198 | €24,791 | +€12,592 | +103% |
| Recurring financial income | 75 | €12,163 | €24,775 | +€12,613 | +104% |
| Non-recurring financial income | 76B | €36 | €16 | -€20 | -56.5% |
| Financial charges | 65/66B | €78,035 | €93,961 | +€15,926 | +20.4% |
| Recurring financial charges | 65 | €78,035 | €93,961 | +€15,926 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,670 | -€24,665 | -€1,995 | -8.8% |
| Income taxes | 67/77 | €51,068 | €6,796 | -€44,272 | -86.7% |
| Profit (loss) for the period | 9904 | -€73,738 | -€31,461 | +€42,277 | +57.3% |
| Transfer to tax-exempt reserves | 689 | - | €31,575 | +€31,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,738 | -€63,036 | +€10,702 | +14.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.