HAPPY STUDIO: what changed
Two fiscal 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 STUDIO
Largest movements
- Receivables within one year +€15,143
up €15,143 (+70.1%), from €21,592 to €36,735
of which Trade receivables: +€13,265
- Tangible fixed assets -€5,407
down €5,407 (-38.6%), from €13,999 to €8,592
of which Plant, machinery and equipment: -€3,061
- Stocks and contracts +€4,750
up €4,750 (+3800.0%), from €125 to €4,875
- Cash +€3,177
up €3,177 (+167.2%), from €1,900 to €5,077
mainly Trade debts (+€22,538) and Other debts (+€10,208)
- Trade debts +€22,538
up €22,538 (+47.1%), from €47,880 to €70,418
- Profit (loss) carried forward -€16,835
down €16,835 (-20.7%), from -€81,223 to -€98,058
- Other debts +€10,208
up €10,208 (+18.0%), from €56,625 to €66,833
- Tax, wage and social debts +€1,343
up €1,343 (+171.3%), from €784 to €2,127
- Gross operating margin +€826
up €826 (+8.8%), from -€9,341 to -€8,515
- Depreciation -€162
down €162 (-2.1%), from €7,758 to €7,596
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.
Cash bridge derived
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 | €44,429 | €61,683 | +€17,254 | +38.8% |
| Formation expenses | 20 | €120 | - | -€120 | |
| Fixed assets | 21/28 | €19,249 | €13,842 | -€5,407 | -28.1% |
| Tangible fixed assets | 22/27 | €13,999 | €8,592 | -€5,407 | -38.6% |
| Plant, machinery and equipment | 23 | €10,041 | €6,981 | -€3,061 | -30.5% |
| Furniture and vehicles | 24 | €3,958 | €1,611 | -€2,346 | -59.3% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €25,060 | €47,841 | +€22,781 | +90.9% |
| Stocks and contracts in progress | 3 | €125 | €4,875 | +€4,750 | +3800.0% |
| Stocks | 30/36 | €125 | €4,875 | +€4,750 | +3800.0% |
| Amounts receivable within one year | 40/41 | €21,592 | €36,735 | +€15,143 | +70.1% |
| Trade receivables | 40 | €15,880 | €29,145 | +€13,265 | +83.5% |
| Other amounts receivable | 41 | €5,712 | €7,590 | +€1,878 | +32.9% |
| Cash at bank and in hand | 54/58 | €1,900 | €5,077 | +€3,177 | +167.2% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,154 | -€289 | -20.0% |
| Total equity and liabilities | 10/49 | €44,429 | €61,683 | +€17,254 | +38.8% |
| Equity | 10/15 | -€61,223 | -€78,058 | -€16,835 | -27.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,223 | -€98,058 | -€16,835 | -20.7% |
| Amounts payable | 17/49 | €105,652 | €139,741 | +€34,089 | +32.3% |
| Amounts payable within one year | 42/48 | €105,652 | €139,741 | +€34,089 | +32.3% |
| Trade debts | 44 | €47,880 | €70,418 | +€22,538 | +47.1% |
| Suppliers | 440/4 | €47,880 | €70,418 | +€22,538 | +47.1% |
| Advances received on contracts in progress | 46 | €363 | €363 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €784 | €2,127 | +€1,343 | +171.3% |
| Taxes | 450/3 | €784 | €2,127 | +€1,343 | +171.3% |
| Other amounts payable | 47/48 | €56,625 | €66,833 | +€10,208 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,758 | €7,596 | -€162 | -2.1% |
| Other operating charges | 640/8 | €566 | €650 | +€84 | +14.9% |
| Non-recurring operating charges | 66A | €348 | - | -€348 | |
| Gross operating margin | 9900 | -€9,341 | -€8,515 | +€826 | +8.8% |
| Operating profit (loss) | 9901 | -€18,014 | -€16,761 | +€1,253 | +7.0% |
| Financial income | 75/76B | €0 | €39 | +€39 | +129933.3% |
| Recurring financial income | 75 | €0 | €39 | +€39 | +129933.3% |
| Financial charges | 65/66B | €35 | €113 | +€79 | +225.5% |
| Recurring financial charges | 65 | €35 | €113 | +€79 | +225.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,048 | -€16,835 | +€1,213 | +6.7% |
| Profit (loss) for the period | 9904 | -€18,048 | -€16,835 | +€1,213 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,048 | -€16,835 | +€1,213 | +6.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.