HAPPY PRICE: what changed
What changed
HAPPY PRICE
NACE 46.349, Wholesale of beverages, general range
filed annual accounts (NBB)
Net result for the year
€157,120
2024 · €56,883+€100,237
Equity
€274,322
2024 · €117,202+€157,120
Cash
€3,396
2024 · €2,996+€400
Balance sheet total
€645,368
2024 · €675,870-€30,502
Largest movements
Assets
- Receivables within one year -€136,454
down €136,454 (-35.9%), from €379,585 to €243,131
of which Other amounts receivable: -€136,354
- Current investments +€100,000
new in 2025: €100,000
- Stocks and contracts +€75,601
up €75,601 (+87.1%), from €86,800 to €162,401
- Tangible fixed assets -€74,885
down €74,885 (-37.8%), from €198,175 to €123,291
of which Furniture and vehicles: -€84,503
Equity and liabilities
- Trade debts -€195,973
down €195,973 (-67.8%), from €289,111 to €93,138
- Profit (loss) carried forward +€157,120
up €157,120 (+135%), from €116,202 to €273,322
- Other debts +€54,886
new in 2025: €54,886
- Debts after one year -€46,548
down €46,548 (-46.8%), from €99,502 to €52,954
- Tax, wage and social debts -€34,813
down €34,813 (-34.7%), from €100,284 to €65,472
of which Taxes: -€43,749
Income statement
- Gross operating margin +€175,859
up €175,859 (+54.1%), from €324,887 to €500,745
- Staff costs +€48,561
up €48,561 (+26.8%), from €181,385 to €229,946
- Taxes +€18,996
up €18,996 (+71.6%), from €26,548 to €45,544
- Other operating charges +€9,128
up €9,128 (+554%), from €1,648 to €10,776
- Financial charges -€8,172
down €8,172 (-32.0%), from €25,534 to €17,362
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
€56,883
Gross operating margin
+€175,859
Staff costs
-€48,561
Depreciation
-€1,235
Other operating charges
-€9,128
Other operating items
-€5,840
Financial income
-€34
Financial charges
+€8,172
Taxes
-€18,996
Result 2025
€157,120
raises the resultlowers the resultnot broken down further in the accounts
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
+€71,085
Investment
-€58,963
Financing
-€11,722
Cash 2024
€2,996
From operations (derived)
+€71,085
Net result for the year
+€157,120
Depreciation
+€34,164
Stocks and contracts
-€75,601
Receivables within one year
+€136,454
Deferred charges and accrued income
-€5,152
Trade debts
-€195,973
Tax, wage and social debts
-€34,813
Other debts
+€54,886
Investment (derived)
-€58,963
Investment in fixed assets (net)
+€41,037
Current investments
-€100,000
Financing
-€11,722
Debts after one year
-€46,548
Current portion of long-term debt
+€597
Short-term financial debts
+€34,228
Cash 2025
€3,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €675,870 | €645,368 | -€30,502 | -4.5% |
| Formation expenses | 20 | €1,047 | €731 | -€316 | -30.2% |
| Fixed assets | 21/28 | €205,442 | €130,558 | -€74,885 | -36.5% |
| Tangible fixed assets | 22/27 | €198,175 | €123,291 | -€74,885 | -37.8% |
| Plant, machinery and equipment | 23 | €58,497 | €68,116 | +€9,618 | +16.4% |
| Furniture and vehicles | 24 | €139,678 | €55,175 | -€84,503 | -60.5% |
| Financial fixed assets | 28 | €7,267 | €7,267 | = | 0.0% |
| Current assets | 29/58 | €469,381 | €514,079 | +€44,698 | +9.5% |
| Stocks and contracts in progress | 3 | €86,800 | €162,401 | +€75,601 | +87.1% |
| Stocks | 30/36 | €86,800 | €162,401 | +€75,601 | +87.1% |
| Amounts receivable within one year | 40/41 | €379,585 | €243,131 | -€136,454 | -35.9% |
| Trade receivables | 40 | €236,395 | €236,295 | -€100 | 0.0% |
| Other amounts receivable | 41 | €143,190 | €6,836 | -€136,354 | -95.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €2,996 | €3,396 | +€400 | +13.3% |
| Deferred charges and accrued income | 490/1 | - | €5,152 | +€5,152 | |
| Total equity and liabilities | 10/49 | €675,870 | €645,368 | -€30,502 | -4.5% |
| Equity | 10/15 | €117,202 | €274,322 | +€157,120 | +134% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,202 | €273,322 | +€157,120 | +135% |
| Amounts payable | 17/49 | €558,669 | €371,046 | -€187,623 | -33.6% |
| Amounts payable after more than one year | 17 | €99,502 | €52,954 | -€46,548 | -46.8% |
| Financial debts | 170/4 | €99,502 | €52,954 | -€46,548 | -46.8% |
| Amounts payable within one year | 42/48 | €459,167 | €318,092 | -€141,075 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €61,728 | €62,326 | +€597 | +1.0% |
| Financial debts | 43 | €7,595 | €41,823 | +€34,228 | +451% |
| Credit institutions | 430/8 | €7,595 | €41,823 | +€34,228 | +451% |
| Trade debts | 44 | €289,111 | €93,138 | -€195,973 | -67.8% |
| Suppliers | 440/4 | €289,111 | €93,138 | -€195,973 | -67.8% |
| Advances received on contracts in progress | 46 | €448 | €448 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €100,284 | €65,472 | -€34,813 | -34.7% |
| Taxes | 450/3 | €70,335 | €26,586 | -€43,749 | -62.2% |
| Remuneration and social security | 454/9 | €29,950 | €38,886 | +€8,936 | +29.8% |
| Other amounts payable | 47/48 | - | €54,886 | +€54,886 | |
| Remuneration, social security and pensions | 62 | €181,385 | €229,946 | +€48,561 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,929 | €34,164 | +€1,235 | +3.8% |
| Other operating charges | 640/8 | €1,648 | €10,776 | +€9,128 | +554% |
| Non-recurring operating charges | 66A | - | €5,840 | +€5,840 | |
| Gross operating margin | 9900 | €324,887 | €500,745 | +€175,859 | +54.1% |
| Operating profit (loss) | 9901 | €108,924 | €220,020 | +€111,095 | +102% |
| Financial income | 75/76B | €41 | €7 | -€34 | -83.1% |
| Recurring financial income | 75 | €41 | €7 | -€34 | -83.1% |
| Financial charges | 65/66B | €25,534 | €17,362 | -€8,172 | -32.0% |
| Recurring financial charges | 65 | €25,534 | €17,362 | -€8,172 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €83,431 | €202,664 | +€119,233 | +143% |
| Income taxes | 67/77 | €26,548 | €45,544 | +€18,996 | +71.6% |
| Profit (loss) for the period | 9904 | €56,883 | €157,120 | +€100,237 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €56,883 | €157,120 | +€100,237 | +176% |
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 3 November 2026 via checked.be.