Happy Academy: 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 Academy
Largest movements
- Cash +€121,168
up €121,168 (+187%), from €64,789 to €185,957
mainly Net result for the year (+€180,110)
- Receivables within one year +€4,992
new in 2025: €4,992
- Profit (loss) carried forward +€180,110
up €180,110, from -€95,591 to €84,519
- Debts within one year -€53,950
down €53,950 (-33.6%), from €160,380 to €106,430
- Gross operating margin +€235,743
up €235,743, from -€52,952 to €182,791
- Turnover -€159,558
no longer reported in 2025 (was €159,558)
- Purchases and services +€29,866
up €29,866 (+14.1%), from €212,511 to €242,376
- Financial charges -€6,257
down €6,257 (-69.8%), from €8,970 to €2,713
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 | €64,789 | €190,949 | +€126,160 | +195% |
| Current assets | 29/58 | €64,789 | €190,949 | +€126,160 | +195% |
| Amounts receivable within one year | 40/41 | - | €4,992 | +€4,992 | |
| Trade receivables | 40 | - | €4,992 | +€4,992 | |
| Cash at bank and in hand | 54/58 | €64,789 | €185,957 | +€121,168 | +187% |
| Total equity and liabilities | 10/49 | €64,789 | €190,949 | +€126,160 | +195% |
| Equity | 10/15 | -€95,591 | €84,519 | +€180,110 | |
| Profit (loss) carried forward | 14 | -€95,591 | €84,519 | +€180,110 | |
| Amounts payable | 17/49 | €160,380 | €106,430 | -€53,950 | -33.6% |
| Amounts payable within one year | 42/48 | €160,380 | €106,430 | -€53,950 | -33.6% |
| Trade debts | 44 | €412 | €6,430 | +€6,018 | +1,460% |
| Suppliers | 440/4 | €412 | €6,430 | +€6,018 | +1,460% |
| Turnover | 70 | €159,558 | - | -€159,558 | |
| Goods, raw materials, services and sundry goods | 60/61 | €212,511 | €242,376 | +€29,866 | +14.1% |
| Gross operating margin | 9900 | -€52,952 | €182,791 | +€235,743 | |
| Operating profit (loss) | 9901 | -€52,952 | €182,791 | +€235,743 | |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €8,970 | €2,713 | -€6,257 | -69.8% |
| Recurring financial charges | 65 | €8,970 | €2,713 | -€6,257 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | -€61,922 | €180,110 | +€242,032 | |
| Profit (loss) for the period | 9904 | -€61,922 | €180,110 | +€242,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,922 | €180,110 | +€242,032 |
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 1 November 2026 via checked.be.