HAPPY CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€283,261
up €283,261 (+55.0%), from €515,078 to €798,339
of which Trade receivables: +€286,241
- Cash +€103,713
up €103,713 (+144.8%), from €71,622 to €175,335
mainly Trade debts (+€287,546) and Net result for the year (+€60,414)
- Trade debts +€287,546
up €287,546 (+272.4%), from €105,568 to €393,113
- Profit (loss) carried forward +€60,414
up €60,414 (+46.4%), from €130,134 to €190,547
- Tax, wage and social debts +€35,890
up €35,890 (+13.6%), from €264,117 to €300,008
of which Remuneration and social security: +€34,593
- Accrued charges and deferred income +€17,309
new in 2025: €17,309
- Gross operating margin +€168,239
up €168,239 (+19.4%), from €868,078 to €1.0m
- Staff costs +€114,399
up €114,399 (+13.7%), from €833,060 to €947,459
- Taxes +€16,598
up €16,598 (+224.3%), from €7,399 to €23,997
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
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 | €587,644 | €982,512 | +€394,868 | +67.2% |
| Fixed assets | 21/28 | €150 | €1,439 | +€1,289 | +859.2% |
| Tangible fixed assets | 22/27 | €0 | €1,289 | +€1,289 | |
| Furniture and vehicles | 24 | €0 | €1,289 | +€1,289 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €587,494 | €981,073 | +€393,579 | +67.0% |
| Amounts receivable within one year | 40/41 | €515,078 | €798,339 | +€283,261 | +55.0% |
| Trade receivables | 40 | €512,098 | €798,339 | +€286,241 | +55.9% |
| Other amounts receivable | 41 | €2,981 | - | -€2,981 | |
| Cash at bank and in hand | 54/58 | €71,622 | €175,335 | +€103,713 | +144.8% |
| Deferred charges and accrued income | 490/1 | €793 | €7,398 | +€6,605 | +832.5% |
| Total equity and liabilities | 10/49 | €587,644 | €982,512 | +€394,868 | +67.2% |
| Equity | 10/15 | €169,344 | €229,757 | +€60,414 | +35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,134 | €190,547 | +€60,414 | +46.4% |
| Amounts payable | 17/49 | €418,301 | €752,754 | +€334,454 | +80.0% |
| Amounts payable within one year | 42/48 | €418,301 | €735,445 | +€317,145 | +75.8% |
| Trade debts | 44 | €105,568 | €393,113 | +€287,546 | +272.4% |
| Suppliers | 440/4 | €105,568 | €393,113 | +€287,546 | +272.4% |
| Taxes, remuneration and social security | 45 | €264,117 | €300,008 | +€35,890 | +13.6% |
| Taxes | 450/3 | €93,497 | €94,795 | +€1,297 | +1.4% |
| Remuneration and social security | 454/9 | €170,620 | €205,213 | +€34,593 | +20.3% |
| Other amounts payable | 47/48 | €48,615 | €42,324 | -€6,291 | -12.9% |
| Accrued charges and deferred income | 492/3 | - | €17,309 | +€17,309 | |
| Remuneration, social security and pensions | 62 | €833,060 | €947,459 | +€114,399 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €115 | -€819 | -87.6% |
| Other operating charges | 640/8 | €1,513 | €2,570 | +€1,057 | +69.8% |
| Gross operating margin | 9900 | €868,078 | €1,036,317 | +€168,239 | +19.4% |
| Operating profit (loss) | 9901 | €32,571 | €86,173 | +€53,602 | +164.6% |
| Financial income | 75/76B | - | €90 | +€90 | |
| Recurring financial income | 75 | - | €90 | +€90 | |
| Financial charges | 65/66B | €4,301 | €1,852 | -€2,449 | -56.9% |
| Recurring financial charges | 65 | €4,301 | €1,852 | -€2,449 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €28,270 | €84,411 | +€56,141 | +198.6% |
| Income taxes | 67/77 | €7,399 | €23,997 | +€16,598 | +224.3% |
| Profit (loss) for the period | 9904 | €20,871 | €60,414 | +€39,543 | +189.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,871 | €60,414 | +€39,543 | +189.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.