HAPPY DESIGN: 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 DESIGN
Largest movements
- Tangible fixed assets +€24,561
up €24,561 (+703%), from €3,494 to €28,056
of which Furniture and vehicles: +€25,347
- Receivables within one year -€16,480
down €16,480 (-75.2%), from €21,904 to €5,423
- Cash -€9,212
down €9,212 (-30.0%), from €30,700 to €21,488
mainly Investment in fixed assets (net) (-€32,416) and Tax, wage and social debts (-€4,225)
- Deferred charges and accrued income +€1,357
up €1,357 (+160%), from €847 to €2,204
- Reserves +€8,090
up €8,090 (+28.0%), from €28,938 to €37,028
- Tax, wage and social debts -€4,225
down €4,225 (-63.8%), from €6,624 to €2,399
- Trade debts -€3,422
down €3,422 (-59.1%), from €5,787 to €2,365
- Depreciation +€5,632
up €5,632 (+237%), from €2,372 to €8,004
- Other operating charges +€1,244
up €1,244 (+128%), from €970 to €2,214
- Financial charges -€718
down €718 (-30.8%), from €2,331 to €1,613
- Gross operating margin -€362
down €362 (-1.8%), from €20,562 to €20,199
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 | €79,475 | €80,095 | +€620 | +0.8% |
| Fixed assets | 21/28 | €4,693 | €29,104 | +€24,411 | +520% |
| Intangible fixed assets | 21 | €1,198 | €1,048 | -€150 | -12.5% |
| Tangible fixed assets | 22/27 | €3,494 | €28,056 | +€24,561 | +703% |
| Land and buildings | 22 | €1,242 | €828 | -€414 | -33.3% |
| Plant, machinery and equipment | 23 | €383 | €11 | -€372 | -97.1% |
| Furniture and vehicles | 24 | €1,869 | €27,216 | +€25,347 | +1,356% |
| Current assets | 29/58 | €74,782 | €50,990 | -€23,792 | -31.8% |
| Stocks and contracts in progress | 3 | €21,332 | €21,876 | +€544 | +2.5% |
| Stocks | 30/36 | €21,332 | €21,876 | +€544 | +2.5% |
| Amounts receivable within one year | 40/41 | €21,904 | €5,423 | -€16,480 | -75.2% |
| Trade receivables | 40 | €21,904 | €5,423 | -€16,480 | -75.2% |
| Cash at bank and in hand | 54/58 | €30,700 | €21,488 | -€9,212 | -30.0% |
| Deferred charges and accrued income | 490/1 | €847 | €2,204 | +€1,357 | +160% |
| Total equity and liabilities | 10/49 | €79,475 | €80,095 | +€620 | +0.8% |
| Equity | 10/15 | €47,538 | €55,628 | +€8,090 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,938 | €37,028 | +€8,090 | +28.0% |
| Distributable reserves | 133 | €28,938 | €37,028 | +€8,090 | +28.0% |
| Amounts payable | 17/49 | €31,937 | €24,467 | -€7,471 | -23.4% |
| Amounts payable within one year | 42/48 | €31,937 | €24,467 | -€7,471 | -23.4% |
| Trade debts | 44 | €5,787 | €2,365 | -€3,422 | -59.1% |
| Suppliers | 440/4 | €5,787 | €2,365 | -€3,422 | -59.1% |
| Taxes, remuneration and social security | 45 | €6,624 | €2,399 | -€4,225 | -63.8% |
| Taxes | 450/3 | €6,624 | €2,399 | -€4,225 | -63.8% |
| Other amounts payable | 47/48 | €19,526 | €19,703 | +€176 | +0.9% |
| Non-recurring operating income | 76A | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,372 | €8,004 | +€5,632 | +237% |
| Other operating charges | 640/8 | €970 | €2,214 | +€1,244 | +128% |
| Gross operating margin | 9900 | €20,562 | €20,199 | -€362 | -1.8% |
| Operating profit (loss) | 9901 | €17,219 | €9,982 | -€7,238 | -42.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,900% |
| Financial charges | 65/66B | €2,331 | €1,613 | -€718 | -30.8% |
| Recurring financial charges | 65 | €2,331 | €1,613 | -€718 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €14,888 | €8,369 | -€6,519 | -43.8% |
| Income taxes | 67/77 | €167 | €279 | +€112 | +66.9% |
| Profit (loss) for the period | 9904 | €14,721 | €8,090 | -€6,631 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,721 | €8,090 | -€6,631 | -45.0% |
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 17 October 2026 via checked.be.