Happy 2: 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.
Happy 2
Largest movements
- Cash +€32,280
up €32,280 (+91.6%), from €35,227 to €67,506
mainly Net result for the year (+€44,331) and Other debts (+€28,771)
- Tangible fixed assets +€26,463
up €26,463 (+568%), from €4,656 to €31,119
of which Furniture and vehicles: +€27,068
- Receivables within one year +€12,831
up €12,831 (+18.9%), from €67,941 to €80,772
of which Other amounts receivable: +€12,572
- Stocks and contracts +€7,156
up €7,156 (+134%), from €5,348 to €12,504
- Reserves +€44,331
up €44,331 (+49.2%), from €90,140 to €134,471
- Other debts +€28,771
up €28,771, from €0 to €28,771
- Tax, wage and social debts +€3,530
up €3,530 (+82.0%), from €4,308 to €7,838
- Current portion of long-term debt +€2,989
new in 2025: €2,989
- Gross operating margin +€55,631
up €55,631 (+2,710%), from €2,053 to €57,683
- Financial income -€20,833
down €20,833 (-85.0%), from €24,509 to €3,676
- Taxes +€11,131
up €11,131 (+2,220%), from €501 to €11,632
- Financial charges +€1,597
up €1,597 (+289%), from €552 to €2,150
- Other operating charges +€737
up €737 (+165%), from €446 to €1,184
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.
Derived cash bridge
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 | €118,503 | €197,246 | +€78,743 | +66.4% |
| Fixed assets | 21/28 | €4,656 | €31,119 | +€26,463 | +568% |
| Tangible fixed assets | 22/27 | €4,656 | €31,119 | +€26,463 | +568% |
| Land and buildings | 22 | €1,341 | €1,132 | -€209 | -15.6% |
| Plant, machinery and equipment | 23 | €1,524 | €1,128 | -€397 | -26.0% |
| Furniture and vehicles | 24 | €1,791 | €28,859 | +€27,068 | +1,511% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €113,847 | €166,128 | +€52,281 | +45.9% |
| Amounts receivable after more than one year | 29 | €5,332 | €4,199 | -€1,132 | -21.2% |
| Other amounts receivable | 291 | €5,332 | €4,199 | -€1,132 | -21.2% |
| Stocks and contracts in progress | 3 | €5,348 | €12,504 | +€7,156 | +134% |
| Stocks | 30/36 | €5,348 | €12,504 | +€7,156 | +134% |
| Amounts receivable within one year | 40/41 | €67,941 | €80,772 | +€12,831 | +18.9% |
| Trade receivables | 40 | €15,228 | €15,486 | +€258 | +1.7% |
| Other amounts receivable | 41 | €52,713 | €65,286 | +€12,572 | +23.9% |
| Cash at bank and in hand | 54/58 | €35,227 | €67,506 | +€32,280 | +91.6% |
| Deferred charges and accrued income | 490/1 | - | €1,146 | +€1,146 | |
| Total equity and liabilities | 10/49 | €118,503 | €197,246 | +€78,743 | +66.4% |
| Equity | 10/15 | €102,540 | €146,871 | +€44,331 | +43.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90,140 | €134,471 | +€44,331 | +49.2% |
| Distributable reserves | 133 | €90,140 | €134,471 | +€44,331 | +49.2% |
| Amounts payable | 17/49 | €15,963 | €50,375 | +€34,412 | +216% |
| Amounts payable within one year | 42/48 | €15,963 | €50,375 | +€34,412 | +216% |
| Current portion of amounts payable after more than one year | 42 | - | €2,989 | +€2,989 | |
| Trade debts | 44 | €11,655 | €10,777 | -€878 | -7.5% |
| Suppliers | 440/4 | €11,655 | €10,777 | -€878 | -7.5% |
| Taxes, remuneration and social security | 45 | €4,308 | €7,838 | +€3,530 | +82.0% |
| Taxes | 450/3 | €4,308 | €7,838 | +€3,530 | +82.0% |
| Other amounts payable | 47/48 | €0 | €28,771 | +€28,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,048 | €2,062 | +€14 | +0.7% |
| Other operating charges | 640/8 | €446 | €1,184 | +€737 | +165% |
| Non-recurring operating charges | 66A | €18,000 | €0 | -€18,000 | -100% |
| Gross operating margin | 9900 | €2,053 | €57,683 | +€55,631 | +2,710% |
| Operating profit (loss) | 9901 | -€18,442 | €54,437 | +€72,879 | |
| Financial income | 75/76B | €24,509 | €3,676 | -€20,833 | -85.0% |
| Recurring financial income | 75 | €24,509 | €3,676 | -€20,833 | -85.0% |
| Financial charges | 65/66B | €552 | €2,150 | +€1,597 | +289% |
| Recurring financial charges | 65 | €552 | €2,150 | +€1,597 | +289% |
| Profit (loss) for the period before taxes | 9903 | €5,514 | €55,963 | +€50,449 | +915% |
| Income taxes | 67/77 | €501 | €11,632 | +€11,131 | +2,220% |
| Profit (loss) for the period | 9904 | €5,013 | €44,331 | +€39,318 | +784% |
| Profit (loss) for the period to be appropriated | 9905 | €5,013 | €44,331 | +€39,318 | +784% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.