HAPPY CAMPER: 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 CAMPER
Largest movements
- Receivables within one year -€19,745
down €19,745 (-50.7%), from €38,920 to €19,175
of which Trade receivables: -€19,315
- Cash -€4,377
down €4,377 (-3.6%), from €122,882 to €118,505
mainly Other debts (-€24,200) and Tax, wage and social debts (-€11,619)
- Other debts -€24,200
down €24,200 (-84.3%), from €28,715 to €4,515
- Tax, wage and social debts -€11,619
down €11,619 (-37.5%), from €31,006 to €19,387
of which Taxes: -€14,569
- Reserves +€10,429
up €10,429 (+9.0%), from €115,678 to €126,108
- Gross operating margin -€29,643
down €29,643 (-55.0%), from €53,944 to €24,300
- Taxes -€8,703
down €8,703 (-59.8%), from €14,559 to €5,856
- Depreciation +€727
up €727 (+16.1%), from €4,507 to €5,234
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 | €175,609 | €150,384 | -€25,226 | -14.4% |
| Fixed assets | 21/28 | €13,807 | €12,704 | -€1,104 | -8.0% |
| Tangible fixed assets | 22/27 | €13,807 | €12,704 | -€1,104 | -8.0% |
| Plant, machinery and equipment | 23 | €7,935 | €9,409 | +€1,473 | +18.6% |
| Furniture and vehicles | 24 | €5,872 | €3,295 | -€2,577 | -43.9% |
| Current assets | 29/58 | €161,802 | €137,680 | -€24,122 | -14.9% |
| Amounts receivable within one year | 40/41 | €38,920 | €19,175 | -€19,745 | -50.7% |
| Trade receivables | 40 | €38,490 | €19,175 | -€19,315 | -50.2% |
| Other amounts receivable | 41 | €430 | - | -€430 | |
| Cash at bank and in hand | 54/58 | €122,882 | €118,505 | -€4,377 | -3.6% |
| Total equity and liabilities | 10/49 | €175,609 | €150,384 | -€25,226 | -14.4% |
| Equity | 10/15 | €115,678 | €126,108 | +€10,429 | +9.0% |
| Reserves | 13 | €115,678 | €126,108 | +€10,429 | +9.0% |
| Distributable reserves | 133 | €115,678 | €126,108 | +€10,429 | +9.0% |
| Amounts payable | 17/49 | €59,931 | €24,276 | -€35,655 | -59.5% |
| Amounts payable within one year | 42/48 | €59,931 | €24,276 | -€35,655 | -59.5% |
| Trade debts | 44 | €210 | €374 | +€164 | +78.4% |
| Suppliers | 440/4 | €210 | €374 | +€164 | +78.4% |
| Taxes, remuneration and social security | 45 | €31,006 | €19,387 | -€11,619 | -37.5% |
| Taxes | 450/3 | €31,006 | €16,437 | -€14,569 | -47.0% |
| Remuneration and social security | 454/9 | - | €2,950 | +€2,950 | |
| Other amounts payable | 47/48 | €28,715 | €4,515 | -€24,200 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,507 | €5,234 | +€727 | +16.1% |
| Other operating charges | 640/8 | €1,213 | €1,624 | +€411 | +33.8% |
| Gross operating margin | 9900 | €53,944 | €24,300 | -€29,643 | -55.0% |
| Operating profit (loss) | 9901 | €48,224 | €17,442 | -€30,781 | -63.8% |
| Financial income | 75/76B | €1 | €17 | +€16 | +1,894% |
| Recurring financial income | 75 | €1 | €17 | +€16 | +1,894% |
| Financial charges | 65/66B | €476 | €315 | -€161 | -33.8% |
| Recurring financial charges | 65 | €476 | €315 | -€161 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €47,748 | €17,144 | -€30,604 | -64.1% |
| Income taxes | 67/77 | €14,559 | €5,856 | -€8,703 | -59.8% |
| Profit (loss) for the period | 9904 | €33,190 | €11,288 | -€21,902 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,190 | €11,288 | -€21,902 | -66.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.