HAPPY BUILD: 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 BUILD
Largest movements
- Receivables within one year +€21,309
up €21,309 (+13.3%), from €160,214 to €181,523
of which Trade receivables: +€49,279
- Cash -€14,845
down €14,845 (-64.1%), from €23,158 to €8,313
mainly Trade debts (-€55,129) and Receivables within one year (-€21,309)
- Deferred charges and accrued income -€3,897
down €3,897 (-74.5%), from €5,229 to €1,333
- Trade debts -€55,129
down €55,129 (-85.9%), from €64,166 to €9,036
- Tax, wage and social debts +€37,757
up €37,757 (+1,613%), from €2,341 to €40,098
of which Remuneration and social security: +€36,987
- Debts after one year +€12,323
new in 2025: €12,323
- Profit (loss) carried forward +€7,028
up €7,028 (+4.6%), from €153,408 to €160,436
- Purchases and services +€19,853
up €19,853 (+6.7%), from €294,690 to €314,543
- Staff costs +€8,360
up €8,360 (+15.4%), from €54,281 to €62,641
- Turnover +€7,701
up €7,701 (+2.2%), from €355,697 to €363,398
- Depreciation -€3,950
no longer reported in 2025 (was €3,950)
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 | €238,515 | €241,082 | +€2,567 | +1.1% |
| Fixed assets | 21/28 | €49,914 | €49,914 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,914 | €49,914 | = | 0.0% |
| Plant, machinery and equipment | 23 | €782 | €782 | = | 0.0% |
| Furniture and vehicles | 24 | €49,132 | €49,132 | = | 0.0% |
| Current assets | 29/58 | €188,601 | €191,168 | +€2,567 | +1.4% |
| Amounts receivable within one year | 40/41 | €160,214 | €181,523 | +€21,309 | +13.3% |
| Trade receivables | 40 | €115,149 | €164,428 | +€49,279 | +42.8% |
| Other amounts receivable | 41 | €45,065 | €17,094 | -€27,970 | -62.1% |
| Cash at bank and in hand | 54/58 | €23,158 | €8,313 | -€14,845 | -64.1% |
| Deferred charges and accrued income | 490/1 | €5,229 | €1,333 | -€3,897 | -74.5% |
| Total equity and liabilities | 10/49 | €238,515 | €241,082 | +€2,567 | +1.1% |
| Equity | 10/15 | €172,008 | €179,036 | +€7,028 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,408 | €160,436 | +€7,028 | +4.6% |
| Amounts payable | 17/49 | €66,507 | €62,046 | -€4,461 | -6.7% |
| Amounts payable after more than one year | 17 | - | €12,323 | +€12,323 | |
| Financial debts | 170/4 | - | €12,323 | +€12,323 | |
| Amounts payable within one year | 42/48 | €66,507 | €49,723 | -€16,784 | -25.2% |
| Financial debts | 43 | - | €589 | +€589 | |
| Credit institutions | 430/8 | - | €589 | +€589 | |
| Trade debts | 44 | €64,166 | €9,036 | -€55,129 | -85.9% |
| Suppliers | 440/4 | €64,166 | €9,036 | -€55,129 | -85.9% |
| Taxes, remuneration and social security | 45 | €2,341 | €40,098 | +€37,757 | +1,613% |
| Taxes | 450/3 | €2,341 | €3,112 | +€771 | +32.9% |
| Remuneration and social security | 454/9 | - | €36,987 | +€36,987 | |
| Turnover | 70 | €355,697 | €363,398 | +€7,701 | +2.2% |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €294,690 | €314,543 | +€19,853 | +6.7% |
| Remuneration, social security and pensions | 62 | €54,281 | €62,641 | +€8,360 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,950 | - | -€3,950 | |
| Other operating charges | 640/8 | €3,370 | €1,890 | -€1,480 | -43.9% |
| Gross operating margin | 9900 | €70,426 | €73,612 | +€3,186 | +4.5% |
| Operating profit (loss) | 9901 | €8,825 | €9,081 | +€256 | +2.9% |
| Financial charges | 65/66B | €246 | €297 | +€51 | +20.8% |
| Recurring financial charges | 65 | €246 | €297 | +€51 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €8,580 | €8,785 | +€205 | +2.4% |
| Income taxes | 67/77 | €1,716 | €1,757 | +€41 | +2.4% |
| Profit (loss) for the period | 9904 | €6,864 | €7,028 | +€164 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,864 | €7,028 | +€164 | +2.4% |
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 24 October 2026 via checked.be.