HAPPY DAY: 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 DAY
Largest movements
- Deferred charges and accrued income +€34,950
up €34,950 (+976%), from €3,579 to €38,529
- Tangible fixed assets -€15,999
down €15,999 (-10.9%), from €146,852 to €130,853
of which Other tangible fixed assets: -€14,023
- Other debts +€20,670
up €20,670 (+71.9%), from €28,741 to €49,411
- Trade debts +€6,889
up €6,889 (+36.9%), from €18,665 to €25,554
- Current portion of long-term debt -€5,828
down €5,828 (-45.9%), from €12,692 to €6,864
- Debts after one year -€5,164
down €5,164 (-57.0%), from €9,056 to €3,892
- Reserves +€2,860
up €2,860 (+7.4%), from €38,458 to €41,318
- Other operating charges -€2,107
down €2,107 (-27.5%), from €7,668 to €5,561
- Financial charges -€1,364
down €1,364 (-49.9%), from €2,732 to €1,368
- Staff costs -€755
down €755 (-2.2%), from €35,024 to €34,269
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 | €188,335 | €208,089 | +€19,755 | +10.5% |
| Fixed assets | 21/28 | €147,075 | €131,076 | -€15,999 | -10.9% |
| Tangible fixed assets | 22/27 | €146,852 | €130,853 | -€15,999 | -10.9% |
| Plant, machinery and equipment | 23 | €29,492 | €27,659 | -€1,833 | -6.2% |
| Furniture and vehicles | 24 | €597 | €454 | -€143 | -23.9% |
| Other tangible fixed assets | 26 | €116,763 | €102,740 | -€14,023 | -12.0% |
| Financial fixed assets | 28 | €223 | €223 | = | 0.0% |
| Current assets | 29/58 | €41,260 | €77,014 | +€35,754 | +86.7% |
| Stocks and contracts in progress | 3 | €1,145 | €1,165 | +€20 | +1.7% |
| Stocks | 30/36 | €1,145 | €1,165 | +€20 | +1.7% |
| Amounts receivable within one year | 40/41 | €35,681 | €35,695 | +€14 | 0.0% |
| Other amounts receivable | 41 | €35,681 | €35,695 | +€14 | 0.0% |
| Cash at bank and in hand | 54/58 | €855 | €1,624 | +€769 | +90.0% |
| Deferred charges and accrued income | 490/1 | €3,579 | €38,529 | +€34,950 | +976% |
| Total equity and liabilities | 10/49 | €188,335 | €208,089 | +€19,755 | +10.5% |
| Equity | 10/15 | €112,794 | €116,318 | +€3,524 | +3.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €38,458 | €41,318 | +€2,860 | +7.4% |
| Distributable reserves | 133 | €38,458 | €41,318 | +€2,860 | +7.4% |
| Profit (loss) carried forward | 14 | -€664 | - | +€664 | |
| Amounts payable | 17/49 | €75,541 | €91,772 | +€16,231 | +21.5% |
| Amounts payable after more than one year | 17 | €9,056 | €3,892 | -€5,164 | -57.0% |
| Financial debts | 170/4 | €9,056 | €3,892 | -€5,164 | -57.0% |
| Amounts payable within one year | 42/48 | €66,485 | €87,879 | +€21,395 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €12,692 | €6,864 | -€5,828 | -45.9% |
| Trade debts | 44 | €18,665 | €25,554 | +€6,889 | +36.9% |
| Suppliers | 440/4 | €18,665 | €25,554 | +€6,889 | +36.9% |
| Taxes, remuneration and social security | 45 | €6,387 | €6,050 | -€336 | -5.3% |
| Taxes | 450/3 | €1,575 | €1,832 | +€257 | +16.3% |
| Remuneration and social security | 454/9 | €4,811 | €4,218 | -€593 | -12.3% |
| Other amounts payable | 47/48 | €28,741 | €49,411 | +€20,670 | +71.9% |
| Remuneration, social security and pensions | 62 | €35,024 | €34,269 | -€755 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,975 | €18,420 | +€445 | +2.5% |
| Other operating charges | 640/8 | €7,668 | €5,561 | -€2,107 | -27.5% |
| Gross operating margin | 9900 | €62,581 | €63,139 | +€558 | +0.9% |
| Operating profit (loss) | 9901 | €1,914 | €4,889 | +€2,975 | +155% |
| Financial income | 75/76B | €154 | €3 | -€151 | -97.9% |
| Recurring financial income | 75 | €154 | €3 | -€151 | -97.9% |
| Financial charges | 65/66B | €2,732 | €1,368 | -€1,364 | -49.9% |
| Recurring financial charges | 65 | €2,732 | €1,368 | -€1,364 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€664 | €3,524 | +€4,188 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€664 | €3,524 | +€4,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€664 | €3,524 | +€4,188 |
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 21 October 2026 via checked.be.