HAPPY CORPORATE: what changed
HAPPY CORPORATE
Largest movements
- Receivables within one year +€12,767
up €12,767 (+34.5%), from €37,032 to €49,799
of which Trade receivables: +€11,818
- Tangible fixed assets -€7,145
down €7,145 (-91.6%), from €7,802 to €657
of which Plant, machinery and equipment: -€5,250
- Cash +€2,661
up €2,661 (+62.8%), from €4,240 to €6,901
mainly Trade debts (+€16,402) and Investment in fixed assets (net) (+€4,391)
- Trade debts +€16,402
up €16,402 (+805%), from €2,038 to €18,440
- Tax, wage and social debts -€5,567
down €5,567 (-61.8%), from €9,011 to €3,444
- Profit (loss) carried forward -€2,609
down €2,609 (-7.4%), from €35,490 to €32,881
- Gross operating margin -€19,091
down €19,091 (-94.9%), from €20,107 to €1,016
- Other operating charges +€3,593
up €3,593 (+400%), from €899 to €4,492
- Taxes -€3,410
down €3,410 (-95.1%), from €3,586 to €176
- Depreciation -€1,857
down €1,857 (-40.3%), from €4,611 to €2,754
- Financial income +€890
up €890 (+28.5%), from €3,118 to €4,008
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,381 | €116,607 | +€8,226 | +7.6% |
| Fixed assets | 21/28 | €7,802 | €657 | -€7,145 | -91.6% |
| Tangible fixed assets | 22/27 | €7,802 | €657 | -€7,145 | -91.6% |
| Land and buildings | 22 | €933 | - | -€933 | |
| Plant, machinery and equipment | 23 | €5,583 | €333 | -€5,250 | -94.0% |
| Furniture and vehicles | 24 | €1,286 | €324 | -€962 | -74.8% |
| Current assets | 29/58 | €100,579 | €115,950 | +€15,371 | +15.3% |
| Amounts receivable after more than one year | 29 | €41,250 | €41,250 | = | 0.0% |
| Other amounts receivable | 291 | €41,250 | €41,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,032 | €49,799 | +€12,767 | +34.5% |
| Trade receivables | 40 | €3,767 | €15,585 | +€11,818 | +314% |
| Other amounts receivable | 41 | €33,265 | €34,214 | +€949 | +2.9% |
| Current investments | 50/53 | €18,000 | €18,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,240 | €6,901 | +€2,661 | +62.8% |
| Deferred charges and accrued income | 490/1 | €57 | - | -€57 | |
| Total equity and liabilities | 10/49 | €108,381 | €116,607 | +€8,226 | +7.6% |
| Equity | 10/15 | €95,207 | €92,598 | -€2,609 | -2.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €47,317 | €47,317 | = | 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% |
| Distributable reserves | 133 | €45,457 | €45,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,490 | €32,881 | -€2,609 | -7.4% |
| Amounts payable | 17/49 | €13,174 | €24,009 | +€10,835 | +82.2% |
| Amounts payable within one year | 42/48 | €11,049 | €21,884 | +€10,835 | +98.1% |
| Trade debts | 44 | €2,038 | €18,440 | +€16,402 | +805% |
| Suppliers | 440/4 | €2,038 | €18,440 | +€16,402 | +805% |
| Taxes, remuneration and social security | 45 | €9,011 | €3,444 | -€5,567 | -61.8% |
| Taxes | 450/3 | €9,011 | €3,444 | -€5,567 | -61.8% |
| Accrued charges and deferred income | 492/3 | €2,125 | €2,125 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,611 | €2,754 | -€1,857 | -40.3% |
| Other operating charges | 640/8 | €899 | €4,492 | +€3,593 | +400% |
| Gross operating margin | 9900 | €20,107 | €1,016 | -€19,091 | -94.9% |
| Operating profit (loss) | 9901 | €14,597 | -€6,230 | -€20,827 | |
| Financial income | 75/76B | €3,118 | €4,008 | +€890 | +28.5% |
| Recurring financial income | 75 | €3,118 | €4,008 | +€890 | +28.5% |
| Financial charges | 65/66B | €190 | €211 | +€21 | +11.1% |
| Recurring financial charges | 65 | €190 | €211 | +€21 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €17,525 | -€2,433 | -€19,958 | |
| Income taxes | 67/77 | €3,586 | €176 | -€3,410 | -95.1% |
| Profit (loss) for the period | 9904 | €13,939 | -€2,609 | -€16,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,939 | -€2,609 | -€16,548 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.