HAPPY LOG: 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 LOG
Largest movements
- Cash -€352,532
down €352,532 (-79.9%), from €441,054 to €88,521
mainly Receivables after one year (-€325,658) and Contributions, distributions and other (-€159,514)
- Receivables after one year +€325,658
up €325,658 (+92.4%), from €352,301 to €677,958
- Reserves -€159,514
down €159,514 (-19.8%), from €805,007 to €645,493
of which Tax-exempt reserves: -€159,514
- Profit (loss) carried forward +€138,236
up €138,236 (+54.8%), from -€252,393 to -€114,157
- Provisions -€39,878
down €39,878 (-20.0%), from €199,392 to €159,514
- Tax, wage and social debts +€32,993
up €32,993 (+44513.1%), from €74 to €33,067
- Gross operating margin -€976,907
down €976,907, from €949,505 to -€27,403
- Taxes +€20,693
up €20,693 (+167.2%), from €12,374 to €33,067
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,577 | €805,686 | -€25,891 | -3.1% |
| Fixed assets | 21/28 | €9,000 | €9,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €822,577 | €796,686 | -€25,891 | -3.1% |
| Amounts receivable after more than one year | 29 | €352,301 | €677,958 | +€325,658 | +92.4% |
| Other amounts receivable | 291 | €352,301 | €677,958 | +€325,658 | +92.4% |
| Amounts receivable within one year | 40/41 | €26,965 | €28,670 | +€1,705 | +6.3% |
| Trade receivables | 40 | €25,433 | €26,885 | +€1,452 | +5.7% |
| Other amounts receivable | 41 | €1,532 | €1,785 | +€253 | +16.5% |
| Cash at bank and in hand | 54/58 | €441,054 | €88,521 | -€352,532 | -79.9% |
| Deferred charges and accrued income | 490/1 | €2,257 | €1,536 | -€721 | -32.0% |
| Total equity and liabilities | 10/49 | €831,577 | €805,686 | -€25,891 | -3.1% |
| Equity | 10/15 | €626,982 | €605,703 | -€21,278 | -3.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €805,007 | €645,493 | -€159,514 | -19.8% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €797,570 | €638,056 | -€159,514 | -20.0% |
| Profit (loss) carried forward | 14 | -€252,393 | -€114,157 | +€138,236 | +54.8% |
| Provisions and deferred taxes | 16 | €199,392 | €159,514 | -€39,878 | -20.0% |
| Deferred taxes | 168 | €199,392 | €159,514 | -€39,878 | -20.0% |
| Amounts payable | 17/49 | €5,203 | €40,469 | +€35,266 | +677.8% |
| Amounts payable within one year | 42/48 | €5,203 | €40,469 | +€35,266 | +677.8% |
| Trade debts | 44 | €5,129 | €7,401 | +€2,273 | +44.3% |
| Suppliers | 440/4 | €5,129 | €7,401 | +€2,273 | +44.3% |
| Taxes, remuneration and social security | 45 | €74 | €33,067 | +€32,993 | +44513.1% |
| Taxes | 450/3 | €74 | €33,067 | +€32,993 | +44513.1% |
| Other operating charges | 640/8 | €4,454 | €460 | -€3,994 | -89.7% |
| Gross operating margin | 9900 | €949,505 | -€27,403 | -€976,907 | |
| Operating profit (loss) | 9901 | €945,050 | -€27,863 | -€972,914 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €562 | €226 | -€336 | -59.7% |
| Recurring financial charges | 65 | €562 | €226 | -€336 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €944,489 | -€28,090 | -€972,578 | |
| Transfer from deferred taxes | 780 | - | €199,392 | +€199,392 | |
| Transfer to deferred taxes | 680 | €199,392 | - | -€199,392 | |
| Income taxes | 67/77 | €12,374 | €33,067 | +€20,693 | +167.2% |
| Profit (loss) for the period | 9904 | €732,722 | €138,236 | -€594,486 | -81.1% |
| Transfer to tax-exempt reserves | 689 | €797,570 | - | -€797,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,848 | €138,236 | +€203,084 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.