Happy D.: what changed
Two fiscal 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 D.
Largest movements
- Tangible fixed assets +€20,829
new in 2025: €20,829
- Cash +€16,867
up €16,867 (+3125.1%), from €540 to €17,407
mainly Receivables within one year (+€13,274) and Other debts (+€10,252)
- Receivables within one year -€13,274
down €13,274 (-66.0%), from €20,108 to €6,835
of which Trade receivables: -€12,460
- Other debts +€10,252
up €10,252 (+33.9%), from €30,245 to €40,497
- Profit (loss) carried forward +€7,425
up €7,425 (+19.3%), from -€38,507 to -€31,082
- Trade debts +€6,750
up €6,750 (+468.2%), from €1,442 to €8,192
- Gross operating margin +€23,005
up €23,005, from -€2,652 to €20,353
- Other operating charges +€8,440
up €8,440 (+2572.9%), from €328 to €8,768
- Financial income -€2,109
down €2,109 (-99.7%), from €2,114 to €6
- Financial charges +€2,072
up €2,072 (+10358.8%), from €20 to €2,092
- Depreciation +€2,002
new in 2025: €2,002
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 | €20,987 | €45,486 | +€24,499 | +116.7% |
| Fixed assets | 21/28 | - | €20,829 | +€20,829 | |
| Tangible fixed assets | 22/27 | - | €20,829 | +€20,829 | |
| Furniture and vehicles | 24 | - | €20,829 | +€20,829 | |
| Current assets | 29/58 | €20,987 | €24,657 | +€3,670 | +17.5% |
| Amounts receivable within one year | 40/41 | €20,108 | €6,835 | -€13,274 | -66.0% |
| Trade receivables | 40 | €14,557 | €2,097 | -€12,460 | -85.6% |
| Other amounts receivable | 41 | €5,551 | €4,738 | -€813 | -14.6% |
| Cash at bank and in hand | 54/58 | €540 | €17,407 | +€16,867 | +3125.1% |
| Deferred charges and accrued income | 490/1 | €339 | €415 | +€76 | +22.6% |
| Total equity and liabilities | 10/49 | €20,987 | €45,486 | +€24,499 | +116.7% |
| Equity | 10/15 | -€10,793 | -€3,367 | +€7,425 | +68.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,114 | €9,114 | = | 0.0% |
| Distributable reserves | 133 | €9,114 | €9,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,507 | -€31,082 | +€7,425 | +19.3% |
| Amounts payable | 17/49 | €31,779 | €48,853 | +€17,074 | +53.7% |
| Amounts payable within one year | 42/48 | €31,779 | €48,853 | +€17,074 | +53.7% |
| Trade debts | 44 | €1,442 | €8,192 | +€6,750 | +468.2% |
| Suppliers | 440/4 | €1,442 | €8,192 | +€6,750 | +468.2% |
| Taxes, remuneration and social security | 45 | €92 | €164 | +€72 | +77.7% |
| Taxes | 450/3 | €92 | €164 | +€72 | +77.7% |
| Other amounts payable | 47/48 | €30,245 | €40,497 | +€10,252 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,002 | +€2,002 | |
| Other operating charges | 640/8 | €328 | €8,768 | +€8,440 | +2572.9% |
| Gross operating margin | 9900 | -€2,652 | €20,353 | +€23,005 | |
| Operating profit (loss) | 9901 | -€2,980 | €9,583 | +€12,563 | |
| Financial income | 75/76B | €2,114 | €6 | -€2,109 | -99.7% |
| Recurring financial income | 75 | €2,114 | €6 | -€2,109 | -99.7% |
| Financial charges | 65/66B | €20 | €2,092 | +€2,072 | +10358.8% |
| Recurring financial charges | 65 | €20 | €2,092 | +€2,072 | +10358.8% |
| Profit (loss) for the period before taxes | 9903 | -€886 | €7,497 | +€8,383 | |
| Income taxes | 67/77 | €92 | €72 | -€21 | -22.3% |
| Profit (loss) for the period | 9904 | -€978 | €7,425 | +€8,404 | |
| Profit (loss) for the period to be appropriated | 9905 | -€978 | €7,425 | +€8,404 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.