HAPPY EXPERIENCE: 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 EXPERIENCE
Largest movements
- Stocks and contracts -€12,417
down €12,417 (-11.6%), from €106,776 to €94,360
- Tangible fixed assets -€9,862
down €9,862 (-19.8%), from €49,717 to €39,855
- Cash +€2,244
up €2,244 (+41.0%), from €5,470 to €7,713
mainly Trade debts (+€14,281) and Stocks and contracts (+€12,417)
- Profit (loss) carried forward -€17,823
down €17,823 (-10.8%), from -€165,603 to -€183,426
- Trade debts +€14,281
up €14,281 (+64.5%), from €22,143 to €36,424
- Short-term financial debts -€10,538
down €10,538 (-35.2%), from €29,895 to €19,357
- Tax, wage and social debts -€9,553
down €9,553 (-33.6%), from €28,468 to €18,915
of which Remuneration and social security: -€7,901
- Other debts +€6,601
up €6,601 (+3.5%), from €190,906 to €197,507
- Gross operating margin +€79,809
up €79,809, from -€36,076 to €43,733
- Staff costs -€15,595
down €15,595 (-26.0%), from €60,009 to €44,414
- Financial charges +€1,380
up €1,380 (+22.7%), from €6,088 to €7,468
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 | €161,963 | €141,928 | -€20,035 | -12.4% |
| Fixed assets | 21/28 | €49,717 | €39,855 | -€9,862 | -19.8% |
| Tangible fixed assets | 22/27 | €49,717 | €39,855 | -€9,862 | -19.8% |
| Other tangible fixed assets | 26 | €49,717 | €39,855 | -€9,862 | -19.8% |
| Current assets | 29/58 | €112,246 | €102,073 | -€10,173 | -9.1% |
| Stocks and contracts in progress | 3 | €106,776 | €94,360 | -€12,417 | -11.6% |
| Stocks | 30/36 | €106,776 | €94,360 | -€12,417 | -11.6% |
| Cash at bank and in hand | 54/58 | €5,470 | €7,713 | +€2,244 | +41.0% |
| Total equity and liabilities | 10/49 | €161,963 | €141,928 | -€20,035 | -12.4% |
| Equity | 10/15 | -€125,603 | -€143,426 | -€17,823 | -14.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,603 | -€183,426 | -€17,823 | -10.8% |
| Amounts payable | 17/49 | €287,566 | €285,354 | -€2,212 | -0.8% |
| Amounts payable after more than one year | 17 | €12,378 | €8,372 | -€4,006 | -32.4% |
| Financial debts | 170/4 | €12,378 | €8,372 | -€4,006 | -32.4% |
| Amounts payable within one year | 42/48 | €275,188 | €276,982 | +€1,794 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €3,776 | €4,778 | +€1,002 | +26.5% |
| Financial debts | 43 | €29,895 | €19,357 | -€10,538 | -35.2% |
| Credit institutions | 430/8 | €29,895 | €19,357 | -€10,538 | -35.2% |
| Trade debts | 44 | €22,143 | €36,424 | +€14,281 | +64.5% |
| Suppliers | 440/4 | €22,143 | €36,424 | +€14,281 | +64.5% |
| Taxes, remuneration and social security | 45 | €28,468 | €18,915 | -€9,553 | -33.6% |
| Taxes | 450/3 | €13,323 | €11,671 | -€1,652 | -12.4% |
| Remuneration and social security | 454/9 | €15,146 | €7,245 | -€7,901 | -52.2% |
| Other amounts payable | 47/48 | €190,906 | €197,507 | +€6,601 | +3.5% |
| Remuneration, social security and pensions | 62 | €60,009 | €44,414 | -€15,595 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,862 | €9,862 | -€0 | 0.0% |
| Other operating charges | 640/8 | €822 | €744 | -€78 | -9.5% |
| Gross operating margin | 9900 | -€36,076 | €43,733 | +€79,809 | |
| Operating profit (loss) | 9901 | -€106,770 | -€11,287 | +€95,482 | +89.4% |
| Financial income | 75/76B | €701 | €933 | +€232 | +33.0% |
| Recurring financial income | 75 | €701 | €933 | +€232 | +33.0% |
| Financial charges | 65/66B | €6,088 | €7,468 | +€1,380 | +22.7% |
| Recurring financial charges | 65 | €6,088 | €7,468 | +€1,380 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€112,156 | -€17,823 | +€94,334 | +84.1% |
| Profit (loss) for the period | 9904 | -€112,156 | -€17,823 | +€94,334 | +84.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,156 | -€17,823 | +€94,334 | +84.1% |
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 5 October 2026 via checked.be.