Happiness Labs: 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.
Happiness Labs
Largest movements
- Receivables within one year -€207,344
down €207,344 (-88.5%), from €234,175 to €26,831
of which Trade receivables: -€167,755
- Intangible fixed assets -€17,380
down €17,380 (-3.2%), from €542,783 to €525,403
- Debts after one year -€190,053
down €190,053 (-46.6%), from €408,201 to €218,148
- Trade debts -€44,251
down €44,251 (-81.5%), from €54,273 to €10,023
- Other debts -€40,850
down €40,850 (-36.2%), from €112,750 to €71,900
- Current portion of long-term debt +€22,489
up €22,489 (+11.6%), from €194,640 to €217,128
- Profit (loss) carried forward +€17,106
up €17,106 (+530%), from €3,228 to €20,334
- Gross operating margin +€43,687
up €43,687 (+109%), from €39,929 to €83,616
- Depreciation +€34,382
up €34,382 (+830%), from €4,142 to €38,524
- Financial charges -€7,412
down €7,412 (-23.8%), from €31,180 to €23,768
- Taxes +€2,728
up €2,728 (+323%), from €844 to €3,572
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 | €783,936 | €558,913 | -€225,023 | -28.7% |
| Formation expenses | 20 | €930 | €665 | -€265 | -28.5% |
| Fixed assets | 21/28 | €542,783 | €525,403 | -€17,380 | -3.2% |
| Intangible fixed assets | 21 | €542,783 | €525,403 | -€17,380 | -3.2% |
| Current assets | 29/58 | €240,223 | €32,845 | -€207,378 | -86.3% |
| Amounts receivable within one year | 40/41 | €234,175 | €26,831 | -€207,344 | -88.5% |
| Trade receivables | 40 | €194,579 | €26,824 | -€167,755 | -86.2% |
| Other amounts receivable | 41 | €39,596 | €6 | -€39,590 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,048 | €5,803 | -€245 | -4.1% |
| Deferred charges and accrued income | 490/1 | - | €212 | +€212 | |
| Total equity and liabilities | 10/49 | €783,936 | €558,913 | -€225,023 | -28.7% |
| Equity | 10/15 | €13,228 | €30,334 | +€17,106 | +129% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,228 | €20,334 | +€17,106 | +530% |
| Amounts payable | 17/49 | €770,708 | €528,579 | -€242,128 | -31.4% |
| Amounts payable after more than one year | 17 | €408,201 | €218,148 | -€190,053 | -46.6% |
| Financial debts | 170/4 | €408,201 | €218,148 | -€190,053 | -46.6% |
| Amounts payable within one year | 42/48 | €362,507 | €308,331 | -€54,176 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €194,640 | €217,128 | +€22,489 | +11.6% |
| Trade debts | 44 | €54,273 | €10,023 | -€44,251 | -81.5% |
| Suppliers | 440/4 | €54,273 | €10,023 | -€44,251 | -81.5% |
| Taxes, remuneration and social security | 45 | €844 | €9,280 | +€8,436 | +1,000% |
| Taxes | 450/3 | €844 | €9,280 | +€8,436 | +1,000% |
| Other amounts payable | 47/48 | €112,750 | €71,900 | -€40,850 | -36.2% |
| Accrued charges and deferred income | 492/3 | - | €2,100 | +€2,100 | |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,142 | €38,524 | +€34,382 | +830% |
| Other operating charges | 640/8 | €534 | €1,147 | +€612 | +115% |
| Gross operating margin | 9900 | €39,929 | €83,616 | +€43,687 | +109% |
| Operating profit (loss) | 9901 | €35,252 | €43,945 | +€8,694 | +24.7% |
| Financial income | 75/76B | - | €500 | +€500 | |
| Recurring financial income | 75 | - | €500 | +€500 | |
| Financial charges | 65/66B | €31,180 | €23,768 | -€7,412 | -23.8% |
| Recurring financial charges | 65 | €31,180 | €23,768 | -€7,412 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €4,072 | €20,677 | +€16,606 | +408% |
| Income taxes | 67/77 | €844 | €3,572 | +€2,728 | +323% |
| Profit (loss) for the period | 9904 | €3,228 | €17,106 | +€13,878 | +430% |
| Profit (loss) for the period to be appropriated | 9905 | €3,228 | €17,106 | +€13,878 | +430% |
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 29 October 2026 via checked.be.