Happy M: 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 M
Largest movements
- Receivables within one year +€14,613
up €14,613 (+49.6%), from €29,441 to €44,054
of which Trade receivables: +€13,080
- Cash -€1,619
down €1,619 (-56.6%), from €2,860 to €1,241
mainly Receivables within one year (-€14,613) and Net result for the year (-€12,792)
- Other debts +€24,777
up €24,777 (+20.5%), from €120,945 to €145,722
- Profit (loss) carried forward -€12,792
down €12,792 (-12.2%), from -€104,659 to -€117,451
- Trade debts +€1,008
up €1,008 (+57.4%), from €1,756 to €2,764
- Taxes -€34,868
down €34,868 (-100%), from €34,868 to €0
- Gross operating margin +€4,452
up €4,452 (+32.6%), from -€13,661 to -€9,209
- Other operating charges -€1,376
down €1,376 (-69.9%), from €1,968 to €592
- Financial income -€1,227
down €1,227 (-100%), from €1,227 to €0
of which Financial income: -€1,227
- Financial charges -€1,094
down €1,094 (-26.8%), from €4,084 to €2,991
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 | €32,301 | €45,295 | +€12,994 | +40.2% |
| Current assets | 29/58 | €32,301 | €45,295 | +€12,994 | +40.2% |
| Amounts receivable within one year | 40/41 | €29,441 | €44,054 | +€14,613 | +49.6% |
| Trade receivables | 40 | €18,420 | €31,500 | +€13,080 | +71.0% |
| Other amounts receivable | 41 | €11,021 | €12,554 | +€1,533 | +13.9% |
| Cash at bank and in hand | 54/58 | €2,860 | €1,241 | -€1,619 | -56.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €32,301 | €45,295 | +€12,994 | +40.2% |
| Equity | 10/15 | -€90,399 | -€103,191 | -€12,792 | -14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,659 | -€117,451 | -€12,792 | -12.2% |
| Amounts payable | 17/49 | €122,701 | €148,486 | +€25,785 | +21.0% |
| Amounts payable within one year | 42/48 | €122,701 | €148,486 | +€25,785 | +21.0% |
| Trade debts | 44 | €1,756 | €2,764 | +€1,008 | +57.4% |
| Suppliers | 440/4 | €1,756 | €2,764 | +€1,008 | +57.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €120,945 | €145,722 | +€24,777 | +20.5% |
| Other operating charges | 640/8 | €1,968 | €592 | -€1,376 | -69.9% |
| Gross operating margin | 9900 | -€13,661 | -€9,209 | +€4,452 | +32.6% |
| Operating profit (loss) | 9901 | -€15,629 | -€9,801 | +€5,828 | +37.3% |
| Financial income | 75/76B | €1,227 | €0 | -€1,227 | -100% |
| Recurring financial income | 75 | €1,227 | €0 | -€1,227 | -100% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,084 | €2,991 | -€1,094 | -26.8% |
| Recurring financial charges | 65 | €4,084 | €2,991 | -€1,094 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,487 | -€12,792 | +€5,695 | +30.8% |
| Income taxes | 67/77 | €34,868 | €0 | -€34,868 | -100% |
| Profit (loss) for the period | 9904 | -€53,355 | -€12,792 | +€40,563 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,355 | -€12,792 | +€40,563 | +76.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.