Happy Ones: 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 Ones
Largest movements
- Tangible fixed assets +€48,574
up €48,574 (+75.4%), from €64,415 to €112,989
of which Furniture and vehicles: +€31,614
- Cash -€18,686
down €18,686 (-93.0%), from €20,097 to €1,411
mainly Investment in fixed assets (net) (-€59,650) and Accrued charges and deferred income (-€40,000)
- Deferred charges and accrued income -€5,852
down €5,852 (-76.4%), from €7,664 to €1,812
- Receivables within one year -€5,524
down €5,524 (-9.1%), from €61,003 to €55,479
of which Other amounts receivable: -€15,907
- Trade debts +€52,407
up €52,407 (+720%), from €7,274 to €59,681
- Accrued charges and deferred income -€40,000
no longer reported in 2025 (was €40,000)
- Other debts -€16,500
down €16,500 (-51.6%), from €32,000 to €15,500
- Short-term financial debts +€13,358
new in 2025: €13,358
- Tax, wage and social debts +€4,386
up €4,386 (+11.1%), from €39,439 to €43,825
of which Taxes: +€3,379
- Staff costs +€83,790
up €83,790 (+34.4%), from €243,629 to €327,419
- Gross operating margin +€56,933
up €56,933 (+18.7%), from €303,734 to €360,667
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 | €169,086 | €187,198 | +€18,112 | +10.7% |
| Fixed assets | 21/28 | €80,323 | €128,497 | +€48,175 | +60.0% |
| Intangible fixed assets | 21 | €1,058 | €658 | -€399 | -37.7% |
| Tangible fixed assets | 22/27 | €64,415 | €112,989 | +€48,574 | +75.4% |
| Plant, machinery and equipment | 23 | €932 | €2,901 | +€1,969 | +211% |
| Furniture and vehicles | 24 | €9,360 | €40,974 | +€31,614 | +338% |
| Other tangible fixed assets | 26 | €54,123 | €69,114 | +€14,991 | +27.7% |
| Financial fixed assets | 28 | €14,850 | €14,850 | = | 0.0% |
| Current assets | 29/58 | €88,763 | €58,701 | -€30,062 | -33.9% |
| Amounts receivable within one year | 40/41 | €61,003 | €55,479 | -€5,524 | -9.1% |
| Trade receivables | 40 | - | €10,383 | +€10,383 | |
| Other amounts receivable | 41 | €61,003 | €45,096 | -€15,907 | -26.1% |
| Cash at bank and in hand | 54/58 | €20,097 | €1,411 | -€18,686 | -93.0% |
| Deferred charges and accrued income | 490/1 | €7,664 | €1,812 | -€5,852 | -76.4% |
| Total equity and liabilities | 10/49 | €169,086 | €187,198 | +€18,112 | +10.7% |
| Equity | 10/15 | €12,171 | €12,435 | +€264 | +2.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,171 | €5,435 | +€264 | +5.1% |
| Amounts payable | 17/49 | €156,915 | €174,764 | +€17,849 | +11.4% |
| Amounts payable after more than one year | 17 | €26,260 | €25,467 | -€793 | -3.0% |
| Financial debts | 170/4 | €26,260 | €25,467 | -€793 | -3.0% |
| Amounts payable within one year | 42/48 | €90,655 | €149,296 | +€58,641 | +64.7% |
| Current portion of amounts payable after more than one year | 42 | €11,942 | €15,328 | +€3,385 | +28.3% |
| Financial debts | 43 | - | €13,358 | +€13,358 | |
| Credit institutions | 430/8 | - | €13,358 | +€13,358 | |
| Trade debts | 44 | €7,274 | €59,681 | +€52,407 | +720% |
| Suppliers | 440/4 | €7,274 | €59,681 | +€52,407 | +720% |
| Advances received on contracts in progress | 46 | - | €1,606 | +€1,606 | |
| Taxes, remuneration and social security | 45 | €39,439 | €43,825 | +€4,386 | +11.1% |
| Taxes | 450/3 | €1,716 | €5,095 | +€3,379 | +197% |
| Remuneration and social security | 454/9 | €37,723 | €38,730 | +€1,007 | +2.7% |
| Other amounts payable | 47/48 | €32,000 | €15,500 | -€16,500 | -51.6% |
| Accrued charges and deferred income | 492/3 | €40,000 | - | -€40,000 | |
| Remuneration, social security and pensions | 62 | €243,629 | €327,419 | +€83,790 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,182 | €11,476 | +€2,293 | +25.0% |
| Other operating charges | 640/8 | €638 | €1,074 | +€436 | +68.3% |
| Gross operating margin | 9900 | €303,734 | €360,667 | +€56,933 | +18.7% |
| Operating profit (loss) | 9901 | €50,284 | €20,698 | -€29,586 | -58.8% |
| Financial income | 75/76B | €519 | €33 | -€485 | -93.6% |
| Recurring financial income | 75 | €519 | €33 | -€485 | -93.6% |
| Financial charges | 65/66B | €2,239 | €2,025 | -€214 | -9.6% |
| Recurring financial charges | 65 | €2,239 | €2,025 | -€214 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €48,564 | €18,706 | -€29,857 | -61.5% |
| Income taxes | 67/77 | €1,078 | €2,943 | +€1,865 | +173% |
| Profit (loss) for the period | 9904 | €47,486 | €15,764 | -€31,722 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,486 | €15,764 | -€31,722 | -66.8% |
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 22 October 2026 via checked.be.