HAPPS: 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.
HAPPS
Largest movements
- Tangible fixed assets -€40,589
down €40,589 (-4.6%), from €881,551 to €840,962
of which Land and buildings: -€40,278
- Cash +€15,786
up €15,786 (+174.3%), from €9,058 to €24,844
mainly Depreciation (+€40,589) and Net result for the year (+€34,263)
- Receivables within one year -€10,023
down €10,023 (-100.0%), from €10,023 to €0
- Debts after one year -€67,790
down €67,790 (-10.3%), from €660,484 to €592,694
- Profit (loss) carried forward +€34,263
up €34,263 (+14.2%), from -€242,077 to -€207,813
- Current portion of long-term debt -€16,043
down €16,043 (-19.1%), from €83,833 to €67,790
- Accrued charges and deferred income +€13,846
up €13,846 (+71.4%), from €19,380 to €33,226
- Gross operating margin +€6,251
up €6,251 (+6.3%), from €98,697 to €104,948
- Financial charges -€4,135
down €4,135 (-13.2%), from €31,326 to €27,190
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 | €903,370 | €868,627 | -€34,743 | -3.8% |
| Fixed assets | 21/28 | €882,051 | €841,462 | -€40,589 | -4.6% |
| Tangible fixed assets | 22/27 | €881,551 | €840,962 | -€40,589 | -4.6% |
| Land and buildings | 22 | €881,240 | €840,962 | -€40,278 | -4.6% |
| Furniture and vehicles | 24 | €312 | €0 | -€312 | -100.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €21,318 | €27,164 | +€5,846 | +27.4% |
| Amounts receivable within one year | 40/41 | €10,023 | €0 | -€10,023 | -100.0% |
| Trade receivables | 40 | €10,023 | €0 | -€10,023 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,058 | €24,844 | +€15,786 | +174.3% |
| Deferred charges and accrued income | 490/1 | €2,237 | €2,321 | +€84 | +3.7% |
| Total equity and liabilities | 10/49 | €903,370 | €868,627 | -€34,743 | -3.8% |
| Equity | 10/15 | -€223,477 | -€189,213 | +€34,263 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,077 | -€207,813 | +€34,263 | +14.2% |
| Amounts payable | 17/49 | €1,126,846 | €1,057,840 | -€69,006 | -6.1% |
| Amounts payable after more than one year | 17 | €660,484 | €592,694 | -€67,790 | -10.3% |
| Financial debts | 170/4 | €660,484 | €592,694 | -€67,790 | -10.3% |
| Amounts payable within one year | 42/48 | €446,983 | €431,920 | -€15,063 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €83,833 | €67,790 | -€16,043 | -19.1% |
| Trade debts | 44 | €0 | €480 | +€480 | |
| Suppliers | 440/4 | €0 | €480 | +€480 | |
| Other amounts payable | 47/48 | €363,150 | €363,650 | +€500 | +0.1% |
| Accrued charges and deferred income | 492/3 | €19,380 | €33,226 | +€13,846 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,729 | €40,589 | -€140 | -0.3% |
| Other operating charges | 640/8 | €2,642 | €2,906 | +€264 | +10.0% |
| Gross operating margin | 9900 | €98,697 | €104,948 | +€6,251 | +6.3% |
| Operating profit (loss) | 9901 | €55,326 | €61,453 | +€6,127 | +11.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €31,326 | €27,190 | -€4,135 | -13.2% |
| Recurring financial charges | 65 | €31,326 | €27,190 | -€4,135 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €24,001 | €34,263 | +€10,262 | +42.8% |
| Profit (loss) for the period | 9904 | €24,001 | €34,263 | +€10,262 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,001 | €34,263 | +€10,262 | +42.8% |
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 28 September 2026 via checked.be.