Happy Hour: 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 Hour
Largest movements
- Tangible fixed assets -€51,526
down €51,526 (-6.2%), from €836,340 to €784,814
of which Land and buildings: -€48,960
- Current investments +€26,250
up €26,250 (+51.1%), from €51,390 to €77,640
- Debts after one year -€29,686
down €29,686 (-7.5%), from €395,701 to €366,014
- Tax, wage and social debts +€13,184
up €13,184 (+71.8%), from €18,357 to €31,541
- Gross operating margin -€63,908
down €63,908 (-35.7%), from €179,029 to €115,121
- Other operating charges +€14,126
up €14,126 (+455%), from €3,104 to €17,230
- Taxes -€13,071
down €13,071 (-60.7%), from €21,539 to €8,468
- Depreciation +€3,229
up €3,229 (+5.8%), from €55,831 to €59,060
- Financial charges -€2,973
down €2,973 (-8.5%), from €35,174 to €32,201
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 | €925,662 | €902,491 | -€23,171 | -2.5% |
| Fixed assets | 21/28 | €836,840 | €785,314 | -€51,526 | -6.2% |
| Tangible fixed assets | 22/27 | €836,340 | €784,814 | -€51,526 | -6.2% |
| Land and buildings | 22 | €831,403 | €782,443 | -€48,960 | -5.9% |
| Furniture and vehicles | 24 | €4,937 | €2,371 | -€2,566 | -52.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €88,822 | €117,177 | +€28,355 | +31.9% |
| Amounts receivable within one year | 40/41 | €28,709 | €34,474 | +€5,765 | +20.1% |
| Trade receivables | 40 | €26,620 | €24,200 | -€2,420 | -9.1% |
| Other amounts receivable | 41 | €2,089 | €10,274 | +€8,185 | +392% |
| Current investments | 50/53 | €51,390 | €77,640 | +€26,250 | +51.1% |
| Cash at bank and in hand | 54/58 | €7,801 | €137 | -€7,664 | -98.2% |
| Deferred charges and accrued income | 490/1 | €921 | €4,926 | +€4,005 | +435% |
| Total equity and liabilities | 10/49 | €925,662 | €902,491 | -€23,171 | -2.5% |
| Equity | 10/15 | €265,940 | €264,101 | -€1,839 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,340 | €245,501 | -€1,839 | -0.7% |
| Tax-exempt reserves | 132 | €433 | €433 | = | 0.0% |
| Distributable reserves | 133 | €246,907 | €245,068 | -€1,839 | -0.7% |
| Amounts payable | 17/49 | €659,722 | €638,390 | -€21,332 | -3.2% |
| Amounts payable after more than one year | 17 | €395,701 | €366,014 | -€29,686 | -7.5% |
| Financial debts | 170/4 | €395,701 | €366,014 | -€29,686 | -7.5% |
| Amounts payable within one year | 42/48 | €251,845 | €260,706 | +€8,861 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €28,852 | €29,686 | +€834 | +2.9% |
| Financial debts | 43 | €12,541 | €15,653 | +€3,112 | +24.8% |
| Credit institutions | 430/8 | €12,541 | €15,653 | +€3,112 | +24.8% |
| Trade debts | 44 | €26,574 | €19,697 | -€6,877 | -25.9% |
| Suppliers | 440/4 | €26,574 | €19,697 | -€6,877 | -25.9% |
| Taxes, remuneration and social security | 45 | €18,357 | €31,541 | +€13,184 | +71.8% |
| Taxes | 450/3 | €18,357 | €31,541 | +€13,184 | +71.8% |
| Other amounts payable | 47/48 | €165,520 | €164,129 | -€1,392 | -0.8% |
| Accrued charges and deferred income | 492/3 | €12,177 | €11,670 | -€507 | -4.2% |
| Non-recurring operating income | 76A | €420 | €0 | -€420 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,831 | €59,060 | +€3,229 | +5.8% |
| Other operating charges | 640/8 | €3,104 | €17,230 | +€14,126 | +455% |
| Gross operating margin | 9900 | €179,029 | €115,121 | -€63,908 | -35.7% |
| Operating profit (loss) | 9901 | €120,094 | €38,830 | -€81,264 | -67.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €35,174 | €32,201 | -€2,973 | -8.5% |
| Recurring financial charges | 65 | €35,174 | €32,201 | -€2,973 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €84,920 | €6,630 | -€78,290 | -92.2% |
| Income taxes | 67/77 | €21,539 | €8,468 | -€13,071 | -60.7% |
| Profit (loss) for the period | 9904 | €63,381 | -€1,839 | -€65,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,381 | -€1,839 | -€65,220 |
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.