Happy Sad: 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 Sad
Largest movements
- Cash -€2,554
down €2,554 (-4.2%), from €61,000 to €58,446
mainly Trade debts (-€2,295) and Receivables within one year (-€900)
- Receivables within one year +€900
up €900 (+21.7%), from €4,149 to €5,049
of which Other amounts receivable: +€487
- Trade debts -€2,295
down €2,295 (-97.9%), from €2,344 to €48
- Gross operating margin -€1,815
down €1,815 (-51.4%), from €3,533 to €1,718
- Taxes -€289
down €289 (-44.6%), from €648 to €359
- Financial charges -€53
down €53 (-25.6%), from €206 to €153
- Depreciation +€38
up €38 (+3.2%), from €1,173 to €1,211
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 | €75,168 | €73,116 | -€2,052 | -2.7% |
| Fixed assets | 21/28 | €10,020 | €9,621 | -€398 | -4.0% |
| Tangible fixed assets | 22/27 | €10,020 | €9,621 | -€398 | -4.0% |
| Plant, machinery and equipment | 23 | €145 | €0 | -€145 | -100% |
| Furniture and vehicles | 24 | €9,874 | €9,621 | -€253 | -2.6% |
| Current assets | 29/58 | €65,149 | €63,495 | -€1,654 | -2.5% |
| Amounts receivable within one year | 40/41 | €4,149 | €5,049 | +€900 | +21.7% |
| Trade receivables | 40 | €313 | €726 | +€413 | +132% |
| Other amounts receivable | 41 | €3,836 | €4,323 | +€487 | +12.7% |
| Cash at bank and in hand | 54/58 | €61,000 | €58,446 | -€2,554 | -4.2% |
| Total equity and liabilities | 10/49 | €75,168 | €73,116 | -€2,052 | -2.7% |
| Equity | 10/15 | €72,224 | €72,084 | -€140 | -0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,224 | €69,084 | -€140 | -0.2% |
| Amounts payable | 17/49 | €2,944 | €1,032 | -€1,912 | -64.9% |
| Amounts payable within one year | 42/48 | €2,944 | €1,032 | -€1,912 | -64.9% |
| Trade debts | 44 | €2,344 | €48 | -€2,295 | -97.9% |
| Suppliers | 440/4 | €2,344 | €48 | -€2,295 | -97.9% |
| Taxes, remuneration and social security | 45 | - | €359 | +€359 | |
| Taxes | 450/3 | - | €359 | +€359 | |
| Other amounts payable | 47/48 | €600 | €625 | +€25 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €1,211 | +€38 | +3.2% |
| Other operating charges | 640/8 | €118 | €136 | +€18 | +15.1% |
| Gross operating margin | 9900 | €3,533 | €1,718 | -€1,815 | -51.4% |
| Operating profit (loss) | 9901 | €2,242 | €372 | -€1,870 | -83.4% |
| Financial charges | 65/66B | €206 | €153 | -€53 | -25.6% |
| Recurring financial charges | 65 | €206 | €153 | -€53 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €2,036 | €218 | -€1,818 | -89.3% |
| Income taxes | 67/77 | €648 | €359 | -€289 | -44.6% |
| Profit (loss) for the period | 9904 | €1,388 | -€140 | -€1,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,388 | -€140 | -€1,528 |
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 27 October 2026 via checked.be.