HAPPY SMILES: 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 SMILES
Largest movements
- Cash +€64,197
up €64,197 (+18.3%), from €351,529 to €415,727
mainly Net result for the year (+€112,793) and Depreciation (+€29,616)
- Receivables within one year -€19,694
down €19,694 (-10.4%), from €189,338 to €169,644
of which Trade receivables: -€19,694
- Reserves +€112,793
up €112,793 (+22.9%), from €493,345 to €606,138
of which Distributable reserves: +€112,793
- Debts after one year -€30,085
down €30,085 (-18.4%), from €163,330 to €133,246
- Tax, wage and social debts -€16,703
down €16,703 (-18.2%), from €91,547 to €74,844
of which Taxes: -€21,634
- Other debts -€12,908
down €12,908 (-26.1%), from €49,527 to €36,619
- Trade debts -€12,429
down €12,429 (-27.5%), from €45,273 to €32,844
- Gross operating margin +€69,447
up €69,447 (+31.1%), from €223,253 to €292,700
- Staff costs +€45,563
up €45,563 (+130%), from €34,976 to €80,540
- Taxes +€8,024
up €8,024 (+17.0%), from €47,153 to €55,177
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 | €1,088,196 | €1,128,716 | +€40,520 | +3.7% |
| Fixed assets | 21/28 | €538,425 | €533,723 | -€4,703 | -0.9% |
| Intangible fixed assets | 21 | €5,113 | €1,447 | -€3,666 | -71.7% |
| Tangible fixed assets | 22/27 | €533,312 | €532,276 | -€1,036 | -0.2% |
| Land and buildings | 22 | €474,699 | €465,601 | -€9,097 | -1.9% |
| Plant, machinery and equipment | 23 | €9,252 | €8,063 | -€1,189 | -12.9% |
| Furniture and vehicles | 24 | €24,366 | €20,546 | -€3,820 | -15.7% |
| Other tangible fixed assets | 26 | €24,995 | €38,065 | +€13,070 | +52.3% |
| Current assets | 29/58 | €549,771 | €594,993 | +€45,223 | +8.2% |
| Amounts receivable within one year | 40/41 | €189,338 | €169,644 | -€19,694 | -10.4% |
| Trade receivables | 40 | €33,499 | €13,805 | -€19,694 | -58.8% |
| Other amounts receivable | 41 | €155,839 | €155,839 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €351,529 | €415,727 | +€64,197 | +18.3% |
| Deferred charges and accrued income | 490/1 | €8,904 | €9,623 | +€719 | +8.1% |
| Total equity and liabilities | 10/49 | €1,088,196 | €1,128,716 | +€40,520 | +3.7% |
| Equity | 10/15 | €708,287 | €821,080 | +€112,793 | +15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €493,345 | €606,138 | +€112,793 | +22.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €491,485 | €604,278 | +€112,793 | +22.9% |
| Profit (loss) carried forward | 14 | €202,541 | €202,541 | = | 0.0% |
| Amounts payable | 17/49 | €379,909 | €307,636 | -€72,273 | -19.0% |
| Amounts payable after more than one year | 17 | €163,330 | €133,246 | -€30,085 | -18.4% |
| Financial debts | 170/4 | €163,330 | €133,246 | -€30,085 | -18.4% |
| Amounts payable within one year | 42/48 | €215,979 | €174,391 | -€41,588 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €29,633 | €30,085 | +€452 | +1.5% |
| Trade debts | 44 | €45,273 | €32,844 | -€12,429 | -27.5% |
| Suppliers | 440/4 | €45,273 | €32,844 | -€12,429 | -27.5% |
| Taxes, remuneration and social security | 45 | €91,547 | €74,844 | -€16,703 | -18.2% |
| Taxes | 450/3 | €87,618 | €65,984 | -€21,634 | -24.7% |
| Remuneration and social security | 454/9 | €3,929 | €8,859 | +€4,930 | +125% |
| Other amounts payable | 47/48 | €49,527 | €36,619 | -€12,908 | -26.1% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | €34,976 | €80,540 | +€45,563 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,265 | €29,616 | +€2,351 | +8.6% |
| Other operating charges | 640/8 | €6,166 | €7,718 | +€1,552 | +25.2% |
| Gross operating margin | 9900 | €223,253 | €292,700 | +€69,447 | +31.1% |
| Operating profit (loss) | 9901 | €154,846 | €174,826 | +€19,980 | +12.9% |
| Financial income | 75/76B | €234 | €10 | -€224 | -95.6% |
| Recurring financial income | 75 | €234 | €10 | -€224 | -95.6% |
| Financial charges | 65/66B | €7,271 | €6,867 | -€404 | -5.6% |
| Recurring financial charges | 65 | €7,271 | €6,867 | -€404 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €147,810 | €167,969 | +€20,160 | +13.6% |
| Income taxes | 67/77 | €47,153 | €55,177 | +€8,024 | +17.0% |
| Profit (loss) for the period | 9904 | €100,657 | €112,793 | +€12,136 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €100,657 | €112,793 | +€12,136 | +12.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.