Happinez: 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.
Happinez
Largest movements
- Cash +€239,158
up €239,158 (+1,078%), from €22,189 to €261,347
mainly Other debts (+€341,858) and Depreciation (+€47,974)
- Receivables within one year +€64,604
up €64,604 (+629%), from €10,270 to €74,873
of which Trade receivables: +€54,039
- Tangible fixed assets -€47,974
down €47,974 (-2.3%), from €2.1m to €2.1m
of which Land and buildings: -€44,043
- Other debts +€341,858
up €341,858 (+137%), from €250,428 to €592,286
- Debts after one year -€66,172
down €66,172 (-3.9%), from €1.7m to €1.6m
- Taxes +€104,079
up €104,079 (+332%), from €31,387 to €135,466
- Depreciation -€46,265
down €46,265 (-49.1%), from €94,238 to €47,974
- Gross operating margin +€36,074
up €36,074 (+20.0%), from €180,457 to €216,531
- Financial charges +€32,953
up €32,953 (+202%), from €16,305 to €49,257
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,234,315 | €3,490,103 | +€255,788 | +7.9% |
| Fixed assets | 21/28 | €3,201,856 | €3,153,883 | -€47,974 | -1.5% |
| Tangible fixed assets | 22/27 | €2,098,025 | €2,050,052 | -€47,974 | -2.3% |
| Land and buildings | 22 | €2,084,477 | €2,040,434 | -€44,043 | -2.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €13,548 | €9,618 | -€3,931 | -29.0% |
| Financial fixed assets | 28 | €1,103,831 | €1,103,831 | = | 0.0% |
| Current assets | 29/58 | €32,459 | €336,221 | +€303,762 | +936% |
| Amounts receivable within one year | 40/41 | €10,270 | €74,873 | +€64,604 | +629% |
| Trade receivables | 40 | €5,518 | €59,557 | +€54,039 | +979% |
| Other amounts receivable | 41 | €4,752 | €15,316 | +€10,564 | +222% |
| Cash at bank and in hand | 54/58 | €22,189 | €261,347 | +€239,158 | +1,078% |
| Total equity and liabilities | 10/49 | €3,234,315 | €3,490,103 | +€255,788 | +7.9% |
| Equity | 10/15 | €899,748 | €887,621 | -€12,126 | -1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €887,348 | €875,221 | -€12,126 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €494,617 | €476,298 | -€18,319 | -3.7% |
| Distributable reserves | 133 | €390,870 | €397,063 | +€6,193 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €248,924 | €242,773 | -€6,151 | -2.5% |
| Provisions for liabilities and charges | 160/5 | €82,852 | €82,852 | = | 0.0% |
| Pensions and similar obligations | 160 | €57,852 | €57,852 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,000 | €25,000 | = | 0.0% |
| Deferred taxes | 168 | €166,072 | €159,922 | -€6,151 | -3.7% |
| Amounts payable | 17/49 | €2,085,644 | €2,359,709 | +€274,065 | +13.1% |
| Amounts payable after more than one year | 17 | €1,691,905 | €1,625,734 | -€66,172 | -3.9% |
| Financial debts | 170/4 | €1,691,905 | €1,625,734 | -€66,172 | -3.9% |
| Amounts payable within one year | 42/48 | €393,738 | €733,975 | +€340,237 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | €70,225 | €66,172 | -€4,053 | -5.8% |
| Trade debts | 44 | €5,843 | €1,570 | -€4,273 | -73.1% |
| Suppliers | 440/4 | €5,843 | €1,570 | -€4,273 | -73.1% |
| Taxes, remuneration and social security | 45 | €67,243 | €73,948 | +€6,705 | +10.0% |
| Taxes | 450/3 | €64,243 | €73,948 | +€9,705 | +15.1% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €250,428 | €592,286 | +€341,858 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,238 | €47,974 | -€46,265 | -49.1% |
| Other operating charges | 640/8 | €3,348 | €3,313 | -€35 | -1.1% |
| Gross operating margin | 9900 | €180,457 | €216,531 | +€36,074 | +20.0% |
| Operating profit (loss) | 9901 | €82,870 | €165,244 | +€82,374 | +99.4% |
| Financial income | 75/76B | €106 | €1,202 | +€1,096 | +1,036% |
| Recurring financial income | 75 | €106 | €1,202 | +€1,096 | +1,036% |
| Financial charges | 65/66B | €16,305 | €49,257 | +€32,953 | +202% |
| Recurring financial charges | 65 | €16,305 | €49,257 | +€32,953 | +202% |
| Profit (loss) for the period before taxes | 9903 | €66,672 | €117,189 | +€50,518 | +75.8% |
| Transfer from deferred taxes | 780 | €6,151 | €6,151 | = | 0.0% |
| Income taxes | 67/77 | €31,387 | €135,466 | +€104,079 | +332% |
| Profit (loss) for the period | 9904 | €41,435 | -€12,126 | -€53,561 | |
| Transfer from tax-exempt reserves | 789 | €18,319 | €18,319 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,754 | €6,193 | -€53,561 | -89.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.