Happiness Palace: what changed
Happiness Palace
Largest movements
- Tangible fixed assets -€22,741
down €22,741 (-1.4%), from €1.6m to €1.5m
- Profit (loss) carried forward -€54,882
down €54,882 (-11.5%), from -€479,104 to -€533,986
- Other debts +€28,803
up €28,803 (+1.4%), from €2.0m to €2.0m
- Gross operating margin +€88,352
up €88,352 (+76.1%), from -€116,135 to -€27,783
- Depreciation -€70,118
down €70,118 (-75.5%), from €92,859 to €22,741
- Other operating charges +€1,683
up €1,683 (+68.7%), from €2,450 to €4,133
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,581,796 | €1,554,153 | -€27,643 | -1.7% |
| Fixed assets | 21/28 | €1,573,632 | €1,550,891 | -€22,741 | -1.4% |
| Tangible fixed assets | 22/27 | €1,572,082 | €1,549,341 | -€22,741 | -1.4% |
| Land and buildings | 22 | €1,572,082 | €1,549,341 | -€22,741 | -1.4% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €8,164 | €3,262 | -€4,902 | -60.0% |
| Cash at bank and in hand | 54/58 | €8,164 | €3,262 | -€4,902 | -60.0% |
| Total equity and liabilities | 10/49 | €1,581,796 | €1,554,153 | -€27,643 | -1.7% |
| Equity | 10/15 | -€417,604 | -€472,486 | -€54,882 | -13.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€479,104 | -€533,986 | -€54,882 | -11.5% |
| Amounts payable | 17/49 | €1,999,400 | €2,026,639 | +€27,239 | +1.4% |
| Amounts payable within one year | 42/48 | €1,999,400 | €2,026,639 | +€27,239 | +1.4% |
| Trade debts | 44 | €4,400 | €2,836 | -€1,563 | -35.5% |
| Suppliers | 440/4 | €4,400 | €2,836 | -€1,563 | -35.5% |
| Other amounts payable | 47/48 | €1,995,000 | €2,023,803 | +€28,803 | +1.4% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,859 | €22,741 | -€70,118 | -75.5% |
| Other operating charges | 640/8 | €2,450 | €4,133 | +€1,683 | +68.7% |
| Gross operating margin | 9900 | -€116,135 | -€27,783 | +€88,352 | +76.1% |
| Operating profit (loss) | 9901 | -€211,444 | -€54,657 | +€156,787 | +74.2% |
| Financial charges | 65/66B | €128 | €225 | +€97 | +76.2% |
| Recurring financial charges | 65 | €128 | €225 | +€97 | +76.2% |
| Profit (loss) for the period before taxes | 9903 | -€211,572 | -€54,882 | +€156,690 | +74.1% |
| Profit (loss) for the period | 9904 | -€211,572 | -€54,882 | +€156,690 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€211,572 | -€54,882 | +€156,690 | +74.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.