HAPPY JLS: 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 JLS
Largest movements
- Receivables within one year -€401,146
down €401,146 (-54.0%), from €742,297 to €341,151
of which Other amounts receivable: -€418,568
- Cash -€304,108
down €304,108 (-67.8%), from €448,780 to €144,672
mainly Contributions, distributions and other (-€780,000) and Debts after one year (-€248,043)
- Receivables after one year +€79,397
up €79,397 (+11.4%), from €695,528 to €774,925
- Debts after one year -€248,043
down €248,043 (-22.6%), from €1.1m to €847,999
- Reserves -€162,556
down €162,556 (-5.1%), from €3.2m to €3.0m
of which Distributable reserves: -€162,556
- Trade debts -€123,971
down €123,971 (-46.8%), from €264,852 to €140,881
- Other debts -€97,529
down €97,529 (-100%), from €97,529 to €0
- Financial income +€443,824
up €443,824 (+6,349%), from €6,991 to €450,814
- Write-downs -€34,472
no longer reported in 2025 (was €34,472)
- Taxes -€32,020
down €32,020 (-40.6%), from €78,772 to €46,752
- Gross operating margin +€27,779
up €27,779 (+7.7%), from €360,468 to €388,247
- Financial charges +€18,215
up €18,215 (+29.7%), from €61,307 to €79,522
of which Financial charges: +€19,665
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 | €5,112,020 | €4,499,042 | -€612,979 | -12.0% |
| Fixed assets | 21/28 | €2,794,642 | €2,803,046 | +€8,404 | +0.3% |
| Tangible fixed assets | 22/27 | €2,595 | €11,376 | +€8,781 | +338% |
| Furniture and vehicles | 24 | €2,595 | €11,376 | +€8,781 | +338% |
| Financial fixed assets | 28 | €2,792,048 | €2,791,670 | -€378 | 0.0% |
| Current assets | 29/58 | €2,317,378 | €1,695,996 | -€621,382 | -26.8% |
| Amounts receivable after more than one year | 29 | €695,528 | €774,925 | +€79,397 | +11.4% |
| Other amounts receivable | 291 | €695,528 | €774,925 | +€79,397 | +11.4% |
| Amounts receivable within one year | 40/41 | €742,297 | €341,151 | -€401,146 | -54.0% |
| Trade receivables | 40 | €200,200 | €217,621 | +€17,422 | +8.7% |
| Other amounts receivable | 41 | €542,098 | €123,530 | -€418,568 | -77.2% |
| Current investments | 50/53 | €425,000 | €428,985 | +€3,985 | +0.9% |
| Cash at bank and in hand | 54/58 | €448,780 | €144,672 | -€304,108 | -67.8% |
| Deferred charges and accrued income | 490/1 | €5,772 | €6,262 | +€489 | +8.5% |
| Total equity and liabilities | 10/49 | €5,112,020 | €4,499,042 | -€612,979 | -12.0% |
| Equity | 10/15 | €3,284,817 | €3,122,261 | -€162,556 | -4.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,184,817 | €3,022,261 | -€162,556 | -5.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,174,817 | €3,012,261 | -€162,556 | -5.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €69,555 | €71,734 | +€2,178 | +3.1% |
| Provisions for liabilities and charges | 160/5 | €69,555 | €71,734 | +€2,178 | +3.1% |
| Environmental obligations | 163 | - | €71,734 | +€71,734 | |
| Other liabilities and charges | 164/5 | €69,555 | - | -€69,555 | |
| Amounts payable | 17/49 | €1,757,648 | €1,305,047 | -€452,602 | -25.8% |
| Amounts payable after more than one year | 17 | €1,096,042 | €847,999 | -€248,043 | -22.6% |
| Financial debts | 170/4 | €1,096,042 | €847,999 | -€248,043 | -22.6% |
| Amounts payable within one year | 42/48 | €661,607 | €455,995 | -€205,612 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €251,400 | €248,043 | -€3,357 | -1.3% |
| Financial debts | 43 | - | €20,094 | +€20,094 | |
| Credit institutions | 430/8 | - | €20,094 | +€20,094 | |
| Trade debts | 44 | €264,852 | €140,881 | -€123,971 | -46.8% |
| Suppliers | 440/4 | €264,852 | €140,881 | -€123,971 | -46.8% |
| Taxes, remuneration and social security | 45 | €47,826 | €46,977 | -€849 | -1.8% |
| Taxes | 450/3 | €47,826 | €46,977 | -€849 | -1.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €97,529 | €0 | -€97,529 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,053 | +€1,053 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €70,837 | €76,866 | +€6,029 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,774 | €4,878 | +€1,103 | +29.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,472 | - | -€34,472 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,178 | +€2,178 | |
| Other operating charges | 640/8 | €6,302 | €3,340 | -€2,962 | -47.0% |
| Non-recurring operating charges | 66A | - | €8,082 | +€8,082 | |
| Gross operating margin | 9900 | €360,468 | €388,247 | +€27,779 | +7.7% |
| Operating profit (loss) | 9901 | €245,083 | €292,904 | +€47,820 | +19.5% |
| Financial income | 75/76B | €6,991 | €450,814 | +€443,824 | +6,349% |
| Recurring financial income | 75 | €6,991 | €450,814 | +€443,824 | +6,349% |
| Financial charges | 65/66B | €61,307 | €79,522 | +€18,215 | +29.7% |
| Recurring financial charges | 65 | €59,857 | €79,522 | +€19,665 | +32.9% |
| Non-recurring financial charges | 66B | €1,450 | - | -€1,450 | |
| Profit (loss) for the period before taxes | 9903 | €190,768 | €664,197 | +€473,429 | +248% |
| Income taxes | 67/77 | €78,772 | €46,752 | -€32,020 | -40.6% |
| Profit (loss) for the period | 9904 | €111,995 | €617,444 | +€505,449 | +451% |
| Profit (loss) for the period to be appropriated | 9905 | €111,995 | €617,444 | +€505,449 | +451% |
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 14 October 2026 via checked.be.