HAPPY TALWAR: 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 TALWAR
Largest movements
- Cash +€16,346
new in 2025: €16,346
mainly Trade debts (+€12,637) and Net result for the year (+€5,431)
- Stocks and contracts +€3,664
up €3,664 (+1,819%), from €202 to €3,866
- Financial fixed assets +€3,000
new in 2025: €3,000
- Receivables within one year +€513
new in 2025: €513
of which Trade receivables: +€512
- Trade debts +€12,637
up €12,637 (+1,245%), from €1,015 to €13,652
- Profit (loss) carried forward +€5,431
up €5,431, from -€1,407 to €4,024
- Contributions +€3,387
up €3,387 (+579%), from €585 to €3,972
- Tax, wage and social debts +€2,127
new in 2025: €2,127
- Turnover +€272,493
new in 2025: €272,493
- Purchases and services +€268,669
up €268,669 (+19,212%), from €1,398 to €270,067
- Gross operating margin +€11,024
up €11,024, from -€1,398 to €9,625
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 | €202 | €23,775 | +€23,574 | +11,698% |
| Fixed assets | 21/28 | - | €3,000 | +€3,000 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €202 | €20,775 | +€20,574 | +10,210% |
| Stocks and contracts in progress | 3 | €202 | €3,866 | +€3,664 | +1,819% |
| Stocks | 30/36 | €202 | €3,866 | +€3,664 | +1,819% |
| Amounts receivable within one year | 40/41 | - | €513 | +€513 | |
| Trade receivables | 40 | - | €512 | +€512 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | - | €16,346 | +€16,346 | |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €202 | €23,775 | +€23,574 | +11,698% |
| Equity | 10/15 | -€823 | €7,996 | +€8,818 | |
| Contributions | 10/11 | €585 | €3,972 | +€3,387 | +579% |
| Profit (loss) carried forward | 14 | -€1,407 | €4,024 | +€5,431 | |
| Amounts payable | 17/49 | €1,024 | €15,779 | +€14,755 | +1,441% |
| Amounts payable within one year | 42/48 | €1,024 | €15,779 | +€14,755 | +1,441% |
| Financial debts | 43 | €9 | - | -€9 | |
| Credit institutions | 430/8 | €9 | - | -€9 | |
| Trade debts | 44 | €1,015 | €13,652 | +€12,637 | +1,245% |
| Suppliers | 440/4 | €1,015 | €13,652 | +€12,637 | +1,245% |
| Taxes, remuneration and social security | 45 | - | €2,127 | +€2,127 | |
| Taxes | 450/3 | - | €2,127 | +€2,127 | |
| Turnover | 70 | - | €272,493 | +€272,493 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,398 | €270,067 | +€268,669 | +19,212% |
| Other operating charges | 640/8 | - | €1,708 | +€1,708 | |
| Gross operating margin | 9900 | -€1,398 | €9,625 | +€11,024 | |
| Operating profit (loss) | 9901 | -€1,398 | €7,918 | +€9,316 | |
| Financial charges | 65/66B | €9 | €1,119 | +€1,110 | +12,626% |
| Recurring financial charges | 65 | €9 | €1,119 | +€1,110 | +12,626% |
| Profit (loss) for the period before taxes | 9903 | -€1,407 | €6,799 | +€8,206 | |
| Income taxes | 67/77 | - | €1,368 | +€1,368 | |
| Profit (loss) for the period | 9904 | -€1,407 | €5,431 | +€6,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,407 | €5,431 | +€6,838 |
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 20 October 2026 via checked.be.