HAPPY MEAT: 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 MEAT
Largest movements
- Cash +€33,440
up €33,440 (+177%), from €18,931 to €52,371
mainly Contributions, distributions and other (+€53,453) and Depreciation (+€40,126)
- Tangible fixed assets -€20,126
down €20,126 (-24.9%), from €80,708 to €60,582
- Intangible fixed assets -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Stocks and contracts +€13,550
up €13,550 (+127%), from €10,669 to €24,219
- Receivables within one year -€5,147
down €5,147 (-21.6%), from €23,827 to €18,680
of which Trade receivables: -€6,622
- Profit (loss) carried forward +€88,131
up €88,131 (+109%), from €80,967 to €169,098
- Trade debts -€54,009
no longer reported in 2024 (was €54,009)
- Debts after one year -€21,484
no longer reported in 2024 (was €21,484)
- Current portion of long-term debt -€11,476
no longer reported in 2024 (was €11,476)
- Gross operating margin +€78,808
up €78,808 (+61.1%), from €128,910 to €207,718
- Staff costs +€49,150
up €49,150 (+62.4%), from €78,721 to €127,871
- Depreciation +€19,647
up €19,647 (+95.9%), from €20,479 to €40,126
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,135 | €175,852 | +€1,717 | +1.0% |
| Fixed assets | 21/28 | €120,708 | €80,582 | -€40,126 | -33.2% |
| Intangible fixed assets | 21 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Tangible fixed assets | 22/27 | €80,708 | €60,582 | -€20,126 | -24.9% |
| Plant, machinery and equipment | 23 | €24,910 | €18,646 | -€6,264 | -25.1% |
| Furniture and vehicles | 24 | €15,718 | €9,872 | -€5,846 | -37.2% |
| Leasing and similar rights | 25 | €40,080 | €32,064 | -€8,016 | -20.0% |
| Current assets | 29/58 | €53,427 | €95,270 | +€41,843 | +78.3% |
| Stocks and contracts in progress | 3 | €10,669 | €24,219 | +€13,550 | +127% |
| Stocks | 30/36 | €10,669 | €24,219 | +€13,550 | +127% |
| Amounts receivable within one year | 40/41 | €23,827 | €18,680 | -€5,147 | -21.6% |
| Trade receivables | 40 | €23,177 | €16,555 | -€6,622 | -28.6% |
| Other amounts receivable | 41 | €649 | €2,125 | +€1,475 | +227% |
| Cash at bank and in hand | 54/58 | €18,931 | €52,371 | +€33,440 | +177% |
| Total equity and liabilities | 10/49 | €174,135 | €175,852 | +€1,717 | +1.0% |
| Equity | 10/15 | €87,167 | €175,298 | +€88,131 | +101% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,967 | €169,098 | +€88,131 | +109% |
| Amounts payable | 17/49 | €86,968 | €554 | -€86,414 | -99.4% |
| Amounts payable after more than one year | 17 | €21,484 | - | -€21,484 | |
| Financial debts | 170/4 | €21,484 | - | -€21,484 | |
| Amounts payable within one year | 42/48 | €65,484 | €554 | -€64,930 | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €11,476 | - | -€11,476 | |
| Trade debts | 44 | €54,009 | - | -€54,009 | |
| Suppliers | 440/4 | €54,009 | - | -€54,009 | |
| Taxes, remuneration and social security | 45 | - | €554 | +€554 | |
| Taxes | 450/3 | - | €554 | +€554 | |
| Remuneration, social security and pensions | 62 | €78,721 | €127,871 | +€49,150 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,479 | €40,126 | +€19,647 | +95.9% |
| Other operating charges | 640/8 | €2,196 | €3,693 | +€1,497 | +68.1% |
| Gross operating margin | 9900 | €128,910 | €207,718 | +€78,808 | +61.1% |
| Operating profit (loss) | 9901 | €27,514 | €36,029 | +€8,515 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €27,514 | €36,029 | +€8,515 | +30.9% |
| Income taxes | 67/77 | - | €1,351 | +€1,351 | |
| Profit (loss) for the period | 9904 | €27,514 | €34,678 | +€7,164 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,514 | €34,678 | +€7,164 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.