HAPPIX: 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.
HAPPIX
Largest movements
- Cash -€89,884
down €89,884 (-50.7%), from €177,149 to €87,265
mainly Contributions, distributions and other (-€147,941) and Current investments (-€23,415)
- Current investments +€23,415
up €23,415 (+600.0%), from €3,902 to €27,317
- Receivables within one year -€18,321
down €18,321 (-49.7%), from €36,890 to €18,569
of which Trade receivables: -€18,960
- Tangible fixed assets -€10,929
down €10,929 (-25.7%), from €42,487 to €31,558
- Reserves -€74,857
down €74,857 (-100.0%), from €74,857 to €0
- Other debts -€16,901
down €16,901 (-11.0%), from €154,118 to €137,216
- Tax, wage and social debts -€3,730
down €3,730 (-27.1%), from €13,761 to €10,032
of which Taxes: -€3,730
- Gross operating margin -€17,492
down €17,492 (-14.5%), from €120,671 to €103,180
- Taxes -€4,381
down €4,381 (-19.2%), from €22,863 to €18,481
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.
Cash bridge derived
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 | €263,058 | €167,138 | -€95,920 | -36.5% |
| Fixed assets | 21/28 | €42,487 | €31,558 | -€10,929 | -25.7% |
| Tangible fixed assets | 22/27 | €42,487 | €31,558 | -€10,929 | -25.7% |
| Furniture and vehicles | 24 | €42,487 | €31,558 | -€10,929 | -25.7% |
| Current assets | 29/58 | €220,571 | €135,580 | -€84,991 | -38.5% |
| Amounts receivable within one year | 40/41 | €36,890 | €18,569 | -€18,321 | -49.7% |
| Trade receivables | 40 | €36,890 | €17,930 | -€18,960 | -51.4% |
| Other amounts receivable | 41 | €0 | €639 | +€639 | |
| Current investments | 50/53 | €3,902 | €27,317 | +€23,415 | +600.0% |
| Cash at bank and in hand | 54/58 | €177,149 | €87,265 | -€89,884 | -50.7% |
| Deferred charges and accrued income | 490/1 | €2,630 | €2,429 | -€201 | -7.6% |
| Total equity and liabilities | 10/49 | €263,058 | €167,138 | -€95,920 | -36.5% |
| Equity | 10/15 | €93,457 | €18,600 | -€74,857 | -80.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,857 | €0 | -€74,857 | -100.0% |
| Distributable reserves | 133 | €74,857 | €0 | -€74,857 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,601 | €148,538 | -€21,063 | -12.4% |
| Amounts payable within one year | 42/48 | €169,173 | €148,138 | -€21,034 | -12.4% |
| Trade debts | 44 | €1,294 | €890 | -€403 | -31.2% |
| Suppliers | 440/4 | €1,294 | €890 | -€403 | -31.2% |
| Taxes, remuneration and social security | 45 | €13,761 | €10,032 | -€3,730 | -27.1% |
| Taxes | 450/3 | €11,761 | €8,032 | -€3,730 | -31.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €154,118 | €137,216 | -€16,901 | -11.0% |
| Accrued charges and deferred income | 492/3 | €428 | €400 | -€28 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,929 | €10,929 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +644.7% |
| Gross operating margin | 9900 | €120,671 | €103,180 | -€17,492 | -14.5% |
| Operating profit (loss) | 9901 | €109,681 | €91,790 | -€17,891 | -16.3% |
| Financial income | 75/76B | - | €405 | +€405 | |
| Recurring financial income | 75 | - | €405 | +€405 | |
| Financial charges | 65/66B | €174 | €629 | +€455 | +261.9% |
| Recurring financial charges | 65 | €174 | €629 | +€455 | +261.9% |
| Profit (loss) for the period before taxes | 9903 | €109,507 | €91,565 | -€17,942 | -16.4% |
| Income taxes | 67/77 | €22,863 | €18,481 | -€4,381 | -19.2% |
| Profit (loss) for the period | 9904 | €86,644 | €73,084 | -€13,561 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,644 | €73,084 | -€13,561 | -15.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.