HAPPY ME: what changed
What changed
HAPPY ME
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€2,816
2024 · -€8,039+€10,854
Equity
€282,420
2024 · €279,604+€2,816
Cash
€185,465
2024 · €96,803+€88,661
Balance sheet total
€801,723
2024 · €856,081-€54,359
Largest movements
Assets
- Tangible fixed assets -€97,997
down €97,997 (-22.7%), from €430,850 to €332,853
of which Plant, machinery and equipment: -€92,198
- Cash +€88,661
up €88,661 (+91.6%), from €96,803 to €185,465
mainly Depreciation (+€122,632) and Trade debts (+€96,182)
- Receivables within one year -€48,583
down €48,583 (-17.4%), from €278,433 to €229,849
of which Trade receivables: -€39,725
Equity and liabilities
- Trade debts +€96,182
up €96,182 (+52.8%), from €182,113 to €278,296
- Current portion of long-term debt -€84,039
down €84,039 (-60.2%), from €139,607 to €55,569
- Debts after one year -€55,569
down €55,569 (-93.1%), from €59,709 to €4,140
- Tax, wage and social debts -€23,989
down €23,989 (-17.9%), from €134,209 to €110,220
of which Remuneration and social security: -€25,219
- Accrued charges and deferred income +€9,648
up €9,648 (+20.4%), from €47,339 to €56,987
Income statement
- Staff costs -€53,943
down €53,943 (-4.2%), from €1.3m to €1.2m
- Gross operating margin -€24,959
down €24,959 (-1.7%), from €1.4m to €1.4m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,039
Gross operating margin
-€24,959
Staff costs
+€53,943
Depreciation
-€9,587
Other operating charges
-€6,631
Financial income
-€8
Financial charges
+€2,332
Taxes
-€4,236
Result 2025
€2,816
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€252,904
Investment
-€24,635
Financing
-€139,607
Cash 2024
€96,803
From operations (derived)
+€252,904
Net result for the year
+€2,816
Depreciation
+€122,632
Stocks and contracts
-€5,990
Receivables within one year
+€48,583
Deferred charges and accrued income
+€2,430
Trade debts
+€96,182
Tax, wage and social debts
-€23,989
Other debts
+€592
Accrued charges and deferred income
+€9,648
Investment (derived)
-€24,635
Investment in fixed assets (net)
-€24,635
Financing
-€139,607
Debts after one year
-€55,569
Current portion of long-term debt
-€84,039
Cash 2025
€185,465
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €856,081 | €801,723 | -€54,359 | -6.3% |
| Fixed assets | 21/28 | €431,976 | €333,979 | -€97,997 | -22.7% |
| Tangible fixed assets | 22/27 | €430,850 | €332,853 | -€97,997 | -22.7% |
| Plant, machinery and equipment | 23 | €365,325 | €273,126 | -€92,198 | -25.2% |
| Furniture and vehicles | 24 | €65,525 | €59,727 | -€5,798 | -8.8% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €424,106 | €467,744 | +€43,638 | +10.3% |
| Stocks and contracts in progress | 3 | €20,369 | €26,360 | +€5,990 | +29.4% |
| Stocks | 30/36 | €20,369 | €26,360 | +€5,990 | +29.4% |
| Amounts receivable within one year | 40/41 | €278,433 | €229,849 | -€48,583 | -17.4% |
| Trade receivables | 40 | €46,233 | €6,508 | -€39,725 | -85.9% |
| Other amounts receivable | 41 | €232,199 | €223,341 | -€8,858 | -3.8% |
| Cash at bank and in hand | 54/58 | €96,803 | €185,465 | +€88,661 | +91.6% |
| Deferred charges and accrued income | 490/1 | €28,500 | €26,070 | -€2,430 | -8.5% |
| Total equity and liabilities | 10/49 | €856,081 | €801,723 | -€54,359 | -6.3% |
| Equity | 10/15 | €279,604 | €282,420 | +€2,816 | +1.0% |
| Contributions | 10/11 | €278,000 | €278,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,604 | €4,420 | +€2,816 | +175% |
| Amounts payable | 17/49 | €576,477 | €519,303 | -€57,174 | -9.9% |
| Amounts payable after more than one year | 17 | €59,709 | €4,140 | -€55,569 | -93.1% |
| Financial debts | 170/4 | €59,709 | €4,140 | -€55,569 | -93.1% |
| Amounts payable within one year | 42/48 | €469,429 | €458,176 | -€11,253 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €139,607 | €55,569 | -€84,039 | -60.2% |
| Financial debts | 43 | €13,500 | €13,500 | = | 0.0% |
| Credit institutions | 430/8 | €13,500 | €13,500 | = | 0.0% |
| Trade debts | 44 | €182,113 | €278,296 | +€96,182 | +52.8% |
| Suppliers | 440/4 | €182,113 | €278,296 | +€96,182 | +52.8% |
| Taxes, remuneration and social security | 45 | €134,209 | €110,220 | -€23,989 | -17.9% |
| Taxes | 450/3 | €6,399 | €7,629 | +€1,230 | +19.2% |
| Remuneration and social security | 454/9 | €127,809 | €102,591 | -€25,219 | -19.7% |
| Other amounts payable | 47/48 | - | €592 | +€592 | |
| Accrued charges and deferred income | 492/3 | €47,339 | €56,987 | +€9,648 | +20.4% |
| Remuneration, social security and pensions | 62 | €1,293,467 | €1,239,524 | -€53,943 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,045 | €122,632 | +€9,587 | +8.5% |
| Other operating charges | 640/8 | €2,914 | €9,545 | +€6,631 | +228% |
| Gross operating margin | 9900 | €1,426,434 | €1,401,475 | -€24,959 | -1.7% |
| Operating profit (loss) | 9901 | €17,008 | €29,775 | +€12,766 | +75.1% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €21,629 | €19,296 | -€2,332 | -10.8% |
| Recurring financial charges | 65 | €21,629 | €19,296 | -€2,332 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,612 | €10,479 | +€15,090 | |
| Income taxes | 67/77 | €3,427 | €7,663 | +€4,236 | +124% |
| Profit (loss) for the period | 9904 | -€8,039 | €2,816 | +€10,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,039 | €2,816 | +€10,854 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.