HAPPY DESK: 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 DESK
Largest movements
- Tangible fixed assets -€7,783
down €7,783 (-2.8%), from €282,107 to €274,324
of which Land and buildings: -€6,805
- Cash +€7,442
new in 2025: €7,442
mainly Other debts (+€13,763) and Depreciation (+€8,558)
- Current portion of long-term debt -€15,100
down €15,100 (-25.9%), from €58,235 to €43,135
- Other debts +€13,763
up €13,763 (+17.6%), from €78,170 to €91,933
- Tax, wage and social debts +€8,298
up €8,298 (+118%), from €7,057 to €15,355
of which Taxes: +€15,355
- Gross operating margin +€61,280
up €61,280 (+124%), from €49,254 to €110,534
- Financial charges -€11,931
down €11,931 (-42.5%), from €28,065 to €16,134
- Depreciation -€9,041
down €9,041 (-51.4%), from €17,599 to €8,558
- Staff costs -€4,061
down €4,061 (-4.7%), from €87,054 to €82,993
- Other operating charges +€3,033
up €3,033 (+155%), from €1,959 to €4,992
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 | €408,088 | €405,442 | -€2,645 | -0.6% |
| Fixed assets | 21/28 | €292,179 | €283,196 | -€8,983 | -3.1% |
| Intangible fixed assets | 21 | €9,522 | €8,322 | -€1,200 | -12.6% |
| Tangible fixed assets | 22/27 | €282,107 | €274,324 | -€7,783 | -2.8% |
| Land and buildings | 22 | €277,158 | €270,352 | -€6,805 | -2.5% |
| Plant, machinery and equipment | 23 | €668 | €222 | -€446 | -66.8% |
| Furniture and vehicles | 24 | €4,282 | - | -€4,282 | |
| Other tangible fixed assets | 26 | - | €3,750 | +€3,750 | |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €115,909 | €122,246 | +€6,337 | +5.5% |
| Stocks and contracts in progress | 3 | €18,076 | €18,340 | +€264 | +1.5% |
| Stocks | 30/36 | €18,076 | €18,340 | +€264 | +1.5% |
| Amounts receivable within one year | 40/41 | €97,833 | €96,464 | -€1,369 | -1.4% |
| Trade receivables | 40 | €91,255 | €91,255 | = | 0.0% |
| Other amounts receivable | 41 | €6,578 | €5,209 | -€1,369 | -20.8% |
| Cash at bank and in hand | 54/58 | - | €7,442 | +€7,442 | |
| Total equity and liabilities | 10/49 | €408,088 | €405,442 | -€2,645 | -0.6% |
| Equity | 10/15 | -€105,585 | -€107,795 | -€2,210 | -2.1% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €850 | €850 | = | 0.0% |
| Distributable reserves | 133 | €850 | €850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,935 | -€117,145 | -€2,210 | -1.9% |
| Amounts payable | 17/49 | €513,672 | €513,237 | -€435 | -0.1% |
| Amounts payable after more than one year | 17 | €248,740 | €246,288 | -€2,452 | -1.0% |
| Financial debts | 170/4 | €248,740 | €246,288 | -€2,452 | -1.0% |
| Amounts payable within one year | 42/48 | €264,932 | €266,950 | +€2,017 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €58,235 | €43,135 | -€15,100 | -25.9% |
| Financial debts | 43 | €2,754 | - | -€2,754 | |
| Credit institutions | 430/8 | €2,754 | - | -€2,754 | |
| Trade debts | 44 | €118,717 | €116,527 | -€2,190 | -1.8% |
| Suppliers | 440/4 | €118,717 | €116,527 | -€2,190 | -1.8% |
| Taxes, remuneration and social security | 45 | €7,057 | €15,355 | +€8,298 | +118% |
| Taxes | 450/3 | - | €15,355 | +€15,355 | |
| Remuneration and social security | 454/9 | €7,057 | - | -€7,057 | |
| Other amounts payable | 47/48 | €78,170 | €91,933 | +€13,763 | +17.6% |
| Remuneration, social security and pensions | 62 | €87,054 | €82,993 | -€4,061 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,599 | €8,558 | -€9,041 | -51.4% |
| Other operating charges | 640/8 | €1,959 | €4,992 | +€3,033 | +155% |
| Gross operating margin | 9900 | €49,254 | €110,534 | +€61,280 | +124% |
| Operating profit (loss) | 9901 | -€57,358 | €13,992 | +€71,349 | |
| Financial income | 75/76B | €96 | €25 | -€71 | -74.2% |
| Recurring financial income | 75 | €96 | €25 | -€71 | -74.2% |
| Financial charges | 65/66B | €28,065 | €16,134 | -€11,931 | -42.5% |
| Recurring financial charges | 65 | €28,065 | €16,134 | -€11,931 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€85,327 | -€2,117 | +€83,209 | +97.5% |
| Income taxes | 67/77 | €795 | €93 | -€703 | -88.3% |
| Profit (loss) for the period | 9904 | -€86,122 | -€2,210 | +€83,912 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,122 | -€2,210 | +€83,912 | +97.4% |
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 1 November 2026 via checked.be.