Happy Days: 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 Days
Largest movements
- Financial fixed assets -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€801
down €801 (-24.5%), from €3,267 to €2,466
of which Furniture and vehicles: -€801
- Cash +€624
up €624 (+5,355%), from €12 to €636
mainly Investment in fixed assets (net) (+€50,000) and Other debts (+€3,433)
- Profit (loss) carried forward -€55,108
down €55,108 (-404%), from -€13,655 to -€68,763
- Other debts +€3,433
up €3,433 (+8.9%), from €38,665 to €42,098
- Trade debts +€1,949
up €1,949 (+852%), from €229 to €2,178
- Financial charges +€50,061
up €50,061 (+128,198%), from €39 to €50,100
of which Non-recurring financial charges: +€50,000
- Other operating charges +€971
up €971 (+185%), from €525 to €1,496
- Gross operating margin +€439
up €439 (+13.9%), from -€3,150 to -€2,711
- Depreciation +€113
up €113 (+16.5%), from €688 to €801
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 | €55,289 | €5,513 | -€49,776 | -90.0% |
| Fixed assets | 21/28 | €53,267 | €2,466 | -€50,801 | -95.4% |
| Tangible fixed assets | 22/27 | €3,267 | €2,466 | -€801 | -24.5% |
| Furniture and vehicles | 24 | €1,656 | €855 | -€801 | -48.4% |
| Other tangible fixed assets | 26 | €1,611 | €1,611 | = | 0.0% |
| Financial fixed assets | 28 | €50,000 | - | -€50,000 | |
| Current assets | 29/58 | €2,022 | €3,047 | +€1,025 | +50.7% |
| Stocks and contracts in progress | 3 | €1,947 | €1,947 | = | 0.0% |
| Stocks | 30/36 | €1,947 | €1,947 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64 | €464 | +€401 | +629% |
| Other amounts receivable | 41 | €64 | €464 | +€401 | +629% |
| Cash at bank and in hand | 54/58 | €12 | €636 | +€624 | +5,355% |
| Total equity and liabilities | 10/49 | €55,289 | €5,513 | -€49,776 | -90.0% |
| Equity | 10/15 | €16,345 | -€38,763 | -€55,108 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,655 | -€68,763 | -€55,108 | -404% |
| Amounts payable | 17/49 | €38,944 | €44,276 | +€5,332 | +13.7% |
| Amounts payable within one year | 42/48 | €38,944 | €44,276 | +€5,332 | +13.7% |
| Trade debts | 44 | €229 | €2,178 | +€1,949 | +852% |
| Suppliers | 440/4 | €229 | €2,178 | +€1,949 | +852% |
| Taxes, remuneration and social security | 45 | €50 | - | -€50 | |
| Taxes | 450/3 | €50 | - | -€50 | |
| Other amounts payable | 47/48 | €38,665 | €42,098 | +€3,433 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €801 | +€113 | +16.5% |
| Other operating charges | 640/8 | €525 | €1,496 | +€971 | +185% |
| Gross operating margin | 9900 | -€3,150 | -€2,711 | +€439 | +13.9% |
| Operating profit (loss) | 9901 | -€4,363 | -€5,008 | -€645 | -14.8% |
| Financial charges | 65/66B | €39 | €50,100 | +€50,061 | +128,198% |
| Recurring financial charges | 65 | €39 | €100 | +€61 | +157% |
| Non-recurring financial charges | 66B | - | €50,000 | +€50,000 | |
| Profit (loss) for the period before taxes | 9903 | -€4,402 | -€55,108 | -€50,706 | -1,152% |
| Profit (loss) for the period | 9904 | -€4,402 | -€55,108 | -€50,706 | -1,152% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,402 | -€55,108 | -€50,706 | -1,152% |
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 30 October 2026 via checked.be.