HAPPLI: 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.
HAPPLI
Largest movements
- Tangible fixed assets +€34,391
up €34,391 (+314.4%), from €10,940 to €45,331
of which Furniture and vehicles: +€35,959
- Cash -€18,187
down €18,187 (-25.5%), from €71,426 to €53,239
mainly Investment in fixed assets (net) (-€48,532) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€5,809
up €5,809 (+50.8%), from €11,425 to €17,234
of which Trade receivables: +€7,671
- Deferred charges and accrued income +€1,770
up €1,770 (+483.3%), from €366 to €2,136
- Debts after one year +€21,423
new in 2025: €21,423
- Profit (loss) carried forward -€8,758
down €8,758 (-16.5%), from €53,030 to €44,272
- Current portion of long-term debt +€5,585
up €5,585 (+133.6%), from €4,182 to €9,767
- Tax, wage and social debts +€3,694
up €3,694 (+42.2%), from €8,758 to €12,452
of which Remuneration and social security: +€4,150
- Trade debts +€1,916
up €1,916 (+61.6%), from €3,112 to €5,028
- Financial charges -€22,784
down €22,784 (-89.6%), from €25,418 to €2,634
- Gross operating margin +€8,620
up €8,620 (+12.8%), from €67,339 to €75,958
- Depreciation +€8,019
up €8,019 (+131.0%), from €6,122 to €14,141
- Staff costs -€3,510
down €3,510 (-7.3%), from €47,949 to €44,439
- Other operating charges +€1,944
up €1,944 (+1257.6%), from €155 to €2,099
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 | €94,158 | €117,941 | +€23,783 | +25.3% |
| Fixed assets | 21/28 | €10,940 | €45,331 | +€34,391 | +314.4% |
| Tangible fixed assets | 22/27 | €10,940 | €45,331 | +€34,391 | +314.4% |
| Plant, machinery and equipment | 23 | €4,782 | €3,214 | -€1,567 | -32.8% |
| Furniture and vehicles | 24 | €6,158 | €42,117 | +€35,959 | +583.9% |
| Current assets | 29/58 | €83,218 | €72,610 | -€10,608 | -12.7% |
| Amounts receivable within one year | 40/41 | €11,425 | €17,234 | +€5,809 | +50.8% |
| Trade receivables | 40 | €1,256 | €8,927 | +€7,671 | +610.9% |
| Other amounts receivable | 41 | €10,170 | €8,308 | -€1,862 | -18.3% |
| Cash at bank and in hand | 54/58 | €71,426 | €53,239 | -€18,187 | -25.5% |
| Deferred charges and accrued income | 490/1 | €366 | €2,136 | +€1,770 | +483.3% |
| Total equity and liabilities | 10/49 | €94,158 | €117,941 | +€23,783 | +25.3% |
| Equity | 10/15 | €58,030 | €49,272 | -€8,758 | -15.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,030 | €44,272 | -€8,758 | -16.5% |
| Amounts payable | 17/49 | €36,128 | €68,669 | +€32,541 | +90.1% |
| Amounts payable after more than one year | 17 | - | €21,423 | +€21,423 | |
| Financial debts | 170/4 | - | €21,423 | +€21,423 | |
| Amounts payable within one year | 42/48 | €36,128 | €47,247 | +€11,118 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €4,182 | €9,767 | +€5,585 | +133.6% |
| Trade debts | 44 | €3,112 | €5,028 | +€1,916 | +61.6% |
| Suppliers | 440/4 | €3,112 | €5,028 | +€1,916 | +61.6% |
| Taxes, remuneration and social security | 45 | €8,758 | €12,452 | +€3,694 | +42.2% |
| Taxes | 450/3 | €3,667 | €3,210 | -€456 | -12.4% |
| Remuneration and social security | 454/9 | €5,091 | €9,242 | +€4,150 | +81.5% |
| Other amounts payable | 47/48 | €20,077 | €20,000 | -€77 | -0.4% |
| Remuneration, social security and pensions | 62 | €47,949 | €44,439 | -€3,510 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,122 | €14,141 | +€8,019 | +131.0% |
| Other operating charges | 640/8 | €155 | €2,099 | +€1,944 | +1257.6% |
| Gross operating margin | 9900 | €67,339 | €75,958 | +€8,620 | +12.8% |
| Operating profit (loss) | 9901 | €13,112 | €15,279 | +€2,167 | +16.5% |
| Financial income | 75/76B | €19 | €45 | +€26 | +140.4% |
| Recurring financial income | 75 | €19 | €45 | +€26 | +140.4% |
| Financial charges | 65/66B | €25,418 | €2,634 | -€22,784 | -89.6% |
| Recurring financial charges | 65 | €25,418 | €2,634 | -€22,784 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,287 | €12,690 | +€24,977 | |
| Income taxes | 67/77 | €158 | €1,447 | +€1,289 | +813.6% |
| Profit (loss) for the period | 9904 | -€12,446 | €11,242 | +€23,688 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,446 | €11,242 | +€23,688 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.