Happit: 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.
Happit
Largest movements
- Cash -€109,851
down €109,851 (-51.5%), from €213,234 to €103,382
mainly Investment in fixed assets (net) (-€113,123) and Receivables within one year (-€97,654)
- Receivables within one year +€97,654
up €97,654 (+45.8%), from €213,376 to €311,030
of which Trade receivables: +€97,432
- Intangible fixed assets +€88,361
new in 2024: €88,361
- Deferred charges and accrued income +€7,034
up €7,034 (+42.9%), from €16,391 to €23,425
- Tangible fixed assets -€6,811
down €6,811 (-7.6%), from €90,034 to €83,222
of which Furniture and vehicles: -€6,311
- Tax, wage and social debts +€84,645
up €84,645 (+106.2%), from €79,724 to €164,369
of which Remuneration and social security: +€55,630
- Trade debts -€9,116
down €9,116 (-23.7%), from €38,460 to €29,343
- Staff costs +€314,195
up €314,195 (+148.6%), from €211,381 to €525,576
- Gross operating margin +€142,622
up €142,622 (+31.4%), from €453,653 to €596,275
- Taxes -€42,797
down €42,797 (-84.5%), from €50,672 to €7,875
- Depreciation +€13,064
up €13,064 (+70.6%), from €18,509 to €31,574
- Write-downs -€7,776
down €7,776 (-31.2%), from €24,896 to €17,120
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.
Cash bridge derived
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 | €538,584 | €614,971 | +€76,387 | +14.2% |
| Fixed assets | 21/28 | €95,584 | €177,133 | +€81,550 | +85.3% |
| Intangible fixed assets | 21 | - | €88,361 | +€88,361 | |
| Tangible fixed assets | 22/27 | €90,034 | €83,222 | -€6,811 | -7.6% |
| Plant, machinery and equipment | 23 | €1,142 | €642 | -€500 | -43.8% |
| Furniture and vehicles | 24 | €88,892 | €82,581 | -€6,311 | -7.1% |
| Financial fixed assets | 28 | €5,550 | €5,550 | = | 0.0% |
| Current assets | 29/58 | €443,000 | €437,837 | -€5,163 | -1.2% |
| Amounts receivable within one year | 40/41 | €213,376 | €311,030 | +€97,654 | +45.8% |
| Trade receivables | 40 | €199,374 | €296,806 | +€97,432 | +48.9% |
| Other amounts receivable | 41 | €14,002 | €14,224 | +€222 | +1.6% |
| Cash at bank and in hand | 54/58 | €213,234 | €103,382 | -€109,851 | -51.5% |
| Deferred charges and accrued income | 490/1 | €16,391 | €23,425 | +€7,034 | +42.9% |
| Total equity and liabilities | 10/49 | €538,584 | €614,971 | +€76,387 | +14.2% |
| Equity | 10/15 | €417,942 | €418,963 | +€1,021 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €142,747 | €142,747 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €142,747 | €142,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,196 | €256,217 | +€1,021 | +0.4% |
| Amounts payable | 17/49 | €120,642 | €196,007 | +€75,365 | +62.5% |
| Amounts payable within one year | 42/48 | €119,392 | €194,695 | +€75,303 | +63.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €38,460 | €29,343 | -€9,116 | -23.7% |
| Suppliers | 440/4 | €38,460 | €29,343 | -€9,116 | -23.7% |
| Advances received on contracts in progress | 46 | €776 | €776 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €79,724 | €164,369 | +€84,645 | +106.2% |
| Taxes | 450/3 | €28,338 | €57,353 | +€29,015 | +102.4% |
| Remuneration and social security | 454/9 | €51,387 | €107,016 | +€55,630 | +108.3% |
| Other amounts payable | 47/48 | €431 | €207 | -€225 | -52.1% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,312 | +€62 | +5.0% |
| Remuneration, social security and pensions | 62 | €211,381 | €525,576 | +€314,195 | +148.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,509 | €31,574 | +€13,064 | +70.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,896 | €17,120 | -€7,776 | -31.2% |
| Other operating charges | 640/8 | €958 | €2,067 | +€1,109 | +115.8% |
| Gross operating margin | 9900 | €453,653 | €596,275 | +€142,622 | +31.4% |
| Operating profit (loss) | 9901 | €197,909 | €19,938 | -€177,971 | -89.9% |
| Financial income | 75/76B | €0 | €11 | +€11 | +16142.9% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +16142.9% |
| Financial charges | 65/66B | €5,558 | €11,053 | +€5,495 | +98.9% |
| Recurring financial charges | 65 | €5,558 | €11,053 | +€5,495 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €192,351 | €8,897 | -€183,455 | -95.4% |
| Income taxes | 67/77 | €50,672 | €7,875 | -€42,797 | -84.5% |
| Profit (loss) for the period | 9904 | €141,679 | €1,021 | -€140,658 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €141,679 | €1,021 | -€140,658 | -99.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.