HAPPY: 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.
HAPPY
Largest movements
- Stocks and contracts -€13,115
down €13,115 (-10.6%), from €123,500 to €110,385
- Tangible fixed assets -€6,535
down €6,535 (-17.6%), from €37,132 to €30,597
of which Furniture and vehicles: -€3,442
- Cash -€3,048
down €3,048 (-35.9%), from €8,496 to €5,448
mainly Net result for the year (-€38,741) and Other debts (-€17,322)
- Other debts -€17,322
down €17,322 (-12.0%), from €144,882 to €127,560
- Profit (loss) carried forward -€13,741
down €13,741 (-208.1%), from -€6,602 to -€20,343
- Tax, wage and social debts +€8,511
up €8,511 (+138.4%), from €6,152 to €14,663
of which Remuneration and social security: +€14,388
- Financial income -€18,014
down €18,014 (-100.0%), from €18,015 to €1
of which Non-recurring financial income: -€18,000
- Gross operating margin +€13,348
up €13,348 (+159.0%), from €8,393 to €21,741
- Staff costs +€10,642
up €10,642 (+26.1%), from €40,705 to €51,347
- Depreciation -€4,209
down €4,209 (-39.2%), from €10,744 to €6,535
- Other operating charges -€1,068
down €1,068 (-31.9%), from €3,344 to €2,276
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 | €172,767 | €149,740 | -€23,027 | -13.3% |
| Fixed assets | 21/28 | €39,189 | €32,654 | -€6,535 | -16.7% |
| Tangible fixed assets | 22/27 | €37,132 | €30,597 | -€6,535 | -17.6% |
| Land and buildings | 22 | €32,948 | €29,855 | -€3,093 | -9.4% |
| Furniture and vehicles | 24 | €4,184 | €742 | -€3,442 | -82.3% |
| Financial fixed assets | 28 | €2,057 | €2,057 | = | 0.0% |
| Current assets | 29/58 | €133,579 | €117,086 | -€16,492 | -12.3% |
| Stocks and contracts in progress | 3 | €123,500 | €110,385 | -€13,115 | -10.6% |
| Stocks | 30/36 | €123,500 | €110,385 | -€13,115 | -10.6% |
| Amounts receivable within one year | 40/41 | €1,582 | €1,253 | -€329 | -20.8% |
| Trade receivables | 40 | €1,550 | €1,253 | -€297 | -19.1% |
| Other amounts receivable | 41 | €32 | €0 | -€32 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,496 | €5,448 | -€3,048 | -35.9% |
| Total equity and liabilities | 10/49 | €172,767 | €149,740 | -€23,027 | -13.3% |
| Equity | 10/15 | €14,078 | €337 | -€13,741 | -97.6% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €1,880 | €1,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,602 | -€20,343 | -€13,741 | -208.1% |
| Amounts payable | 17/49 | €158,689 | €149,403 | -€9,286 | -5.9% |
| Amounts payable within one year | 42/48 | €158,689 | €149,403 | -€9,286 | -5.9% |
| Trade debts | 44 | €7,655 | €7,180 | -€476 | -6.2% |
| Suppliers | 440/4 | €7,655 | €7,180 | -€476 | -6.2% |
| Taxes, remuneration and social security | 45 | €6,152 | €14,663 | +€8,511 | +138.4% |
| Taxes | 450/3 | €6,152 | €275 | -€5,877 | -95.5% |
| Remuneration and social security | 454/9 | - | €14,388 | +€14,388 | |
| Other amounts payable | 47/48 | €144,882 | €127,560 | -€17,322 | -12.0% |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €40,705 | €51,347 | +€10,642 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,744 | €6,535 | -€4,209 | -39.2% |
| Other operating charges | 640/8 | €3,344 | €2,276 | -€1,068 | -31.9% |
| Gross operating margin | 9900 | €8,393 | €21,741 | +€13,348 | +159.0% |
| Operating profit (loss) | 9901 | -€46,399 | -€38,416 | +€7,983 | +17.2% |
| Financial income | 75/76B | €18,015 | €1 | -€18,014 | -100.0% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -94.6% |
| Non-recurring financial income | 76B | €18,000 | - | -€18,000 | |
| Financial charges | 65/66B | €37 | €326 | +€288 | +769.2% |
| Recurring financial charges | 65 | €37 | €326 | +€288 | +769.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,421 | -€38,741 | -€10,320 | -36.3% |
| Profit (loss) for the period | 9904 | -€28,421 | -€38,741 | -€10,320 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,421 | -€38,741 | -€10,320 | -36.3% |
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 4 October 2026 via checked.be.