HAPPY IT: 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 IT
Largest movements
- Cash -€18,287
down €18,287 (-78.2%), from €23,376 to €5,089
mainly Other debts (-€15,000) and Contributions, distributions and other (-€9,608)
- Tangible fixed assets -€9,946
down €9,946 (-48.5%), from €20,510 to €10,564
- Receivables within one year +€4,845
up €4,845 (+5.2%), from €93,349 to €98,194
of which Other amounts receivable: +€4,852
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year -€5,042
down €5,042 (-39.8%), from €12,655 to €7,613
- Reserves -€3,484
down €3,484 (-4.4%), from €79,682 to €76,197
of which Distributable reserves: -€3,484
- Tax, wage and social debts -€1,861
down €1,861 (-15.4%), from €12,110 to €10,249
- Trade debts +€1,546
up €1,546 (+22795.0%), from €7 to €1,552
- Gross operating margin -€14,517
down €14,517 (-37.5%), from €38,670 to €24,153
- Taxes -€3,326
down €3,326 (-36.7%), from €9,056 to €5,729
- Other operating charges +€502
up €502 (+55.2%), from €909 to €1,412
- Depreciation -€481
down €481 (-4.6%), from €10,427 to €9,946
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 | €137,667 | €114,073 | -€23,593 | -17.1% |
| Fixed assets | 21/28 | €20,735 | €10,789 | -€9,946 | -48.0% |
| Tangible fixed assets | 22/27 | €20,510 | €10,564 | -€9,946 | -48.5% |
| Furniture and vehicles | 24 | €20,510 | €10,564 | -€9,946 | -48.5% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €116,931 | €103,284 | -€13,648 | -11.7% |
| Amounts receivable within one year | 40/41 | €93,349 | €98,194 | +€4,845 | +5.2% |
| Trade receivables | 40 | €27,194 | €27,187 | -€7 | 0.0% |
| Other amounts receivable | 41 | €66,156 | €71,008 | +€4,852 | +7.3% |
| Cash at bank and in hand | 54/58 | €23,376 | €5,089 | -€18,287 | -78.2% |
| Deferred charges and accrued income | 490/1 | €206 | - | -€206 | |
| Total equity and liabilities | 10/49 | €137,667 | €114,073 | -€23,593 | -17.1% |
| Equity | 10/15 | €92,282 | €88,797 | -€3,484 | -3.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €79,682 | €76,197 | -€3,484 | -4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,822 | €74,337 | -€3,484 | -4.5% |
| Amounts payable | 17/49 | €45,385 | €25,276 | -€20,109 | -44.3% |
| Amounts payable after more than one year | 17 | €12,655 | €7,613 | -€5,042 | -39.8% |
| Financial debts | 170/4 | €12,655 | €7,613 | -€5,042 | -39.8% |
| Amounts payable within one year | 42/48 | €32,730 | €17,663 | -€15,067 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €5,613 | €5,861 | +€248 | +4.4% |
| Trade debts | 44 | €7 | €1,552 | +€1,546 | +22795.0% |
| Suppliers | 440/4 | €7 | €1,552 | +€1,546 | +22795.0% |
| Taxes, remuneration and social security | 45 | €12,110 | €10,249 | -€1,861 | -15.4% |
| Taxes | 450/3 | €12,110 | €10,249 | -€1,861 | -15.4% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,427 | €9,946 | -€481 | -4.6% |
| Other operating charges | 640/8 | €909 | €1,412 | +€502 | +55.2% |
| Gross operating margin | 9900 | €38,670 | €24,153 | -€14,517 | -37.5% |
| Operating profit (loss) | 9901 | €27,333 | €12,796 | -€14,538 | -53.2% |
| Financial income | 75/76B | €0 | €2 | +€2 | +3371.4% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +3371.4% |
| Financial charges | 65/66B | €1,142 | €945 | -€198 | -17.3% |
| Recurring financial charges | 65 | €1,142 | €945 | -€198 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €26,191 | €11,854 | -€14,338 | -54.7% |
| Income taxes | 67/77 | €9,056 | €5,729 | -€3,326 | -36.7% |
| Profit (loss) for the period | 9904 | €17,136 | €6,124 | -€11,012 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,136 | €6,124 | -€11,012 | -64.3% |
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 6 October 2026 via checked.be.