HAPPY BEES: 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 BEES
Largest movements
- Receivables within one year +€254,718
up €254,718 (+48.2%), from €528,828 to €783,546
of which Trade receivables: +€282,889
- Cash -€188,554
down €188,554 (-21.8%), from €863,613 to €675,059
- Tax, wage and social debts +€185,143
up €185,143 (+37.9%), from €488,288 to €673,431
of which Remuneration and social security: +€95,838
- Profit (loss) carried forward -€129,299
down €129,299 (-77.0%), from €167,966 to €38,667
- Trade debts +€16,343
up €16,343 (+9.5%), from €171,365 to €187,708
- Turnover -€2.6m
down €2.6m (-26.9%), from €9.6m to €7.0m
- Gross operating margin -€1.6m
down €1.6m (-23.6%), from €6.7m to €5.1m
- Staff costs -€1.3m
down €1.3m (-22.9%), from €5.9m to €4.5m
- Purchases and services -€1.1m
down €1.1m (-35.1%), from €3.1m to €2.0m
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,399,310 | €1,471,139 | +€71,829 | +5.1% |
| Fixed assets | 21/28 | €1,650 | €1,080 | -€570 | -34.5% |
| Tangible fixed assets | 22/27 | €1,650 | €1,080 | -€570 | -34.5% |
| Furniture and vehicles | 24 | €1,650 | €1,080 | -€570 | -34.5% |
| Current assets | 29/58 | €1,397,660 | €1,470,059 | +€72,399 | +5.2% |
| Amounts receivable within one year | 40/41 | €528,828 | €783,546 | +€254,718 | +48.2% |
| Trade receivables | 40 | €500,657 | €783,546 | +€282,889 | +56.5% |
| Other amounts receivable | 41 | €28,171 | €0 | -€28,171 | -100.0% |
| Cash at bank and in hand | 54/58 | €863,613 | €675,059 | -€188,554 | -21.8% |
| Deferred charges and accrued income | 490/1 | €5,219 | €11,454 | +€6,235 | +119.5% |
| Total equity and liabilities | 10/49 | €1,399,310 | €1,471,139 | +€71,829 | +5.1% |
| Equity | 10/15 | €235,616 | €106,317 | -€129,299 | -54.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,966 | €38,667 | -€129,299 | -77.0% |
| Amounts payable | 17/49 | €1,163,694 | €1,364,822 | +€201,128 | +17.3% |
| Amounts payable within one year | 42/48 | €1,162,564 | €1,363,022 | +€200,458 | +17.2% |
| Trade debts | 44 | €171,365 | €187,708 | +€16,343 | +9.5% |
| Suppliers | 440/4 | €171,365 | €187,708 | +€16,343 | +9.5% |
| Taxes, remuneration and social security | 45 | €488,288 | €673,431 | +€185,143 | +37.9% |
| Taxes | 450/3 | €68,108 | €157,413 | +€89,305 | +131.1% |
| Remuneration and social security | 454/9 | €420,180 | €516,018 | +€95,838 | +22.8% |
| Other amounts payable | 47/48 | €502,911 | €501,883 | -€1,028 | -0.2% |
| Accrued charges and deferred income | 492/3 | €1,130 | €1,800 | +€670 | +59.3% |
| Turnover | 70 | €9,553,207 | €6,984,885 | -€2.6m | -26.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,093,089 | €2,008,119 | -€1.1m | -35.1% |
| Remuneration, social security and pensions | 62 | €5,891,067 | €4,543,751 | -€1.3m | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €570 | +€65 | +12.9% |
| Other operating charges | 640/8 | €1,293 | €1,234 | -€59 | -4.6% |
| Gross operating margin | 9900 | €6,681,272 | €5,103,589 | -€1.6m | -23.6% |
| Operating profit (loss) | 9901 | €788,407 | €558,034 | -€230,373 | -29.2% |
| Financial income | 75/76B | €5,005 | €5,009 | +€4 | +0.1% |
| Recurring financial income | 75 | €5,005 | €5,009 | +€4 | +0.1% |
| Financial charges | 65/66B | €9,840 | €7,021 | -€2,819 | -28.6% |
| Recurring financial charges | 65 | €9,840 | €7,021 | -€2,819 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €783,572 | €556,022 | -€227,550 | -29.0% |
| Income taxes | 67/77 | €237,454 | €148,021 | -€89,433 | -37.7% |
| Profit (loss) for the period | 9904 | €546,118 | €408,001 | -€138,117 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €546,118 | €408,001 | -€138,117 | -25.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.