HAPPY TUESDAYS: what changed
HAPPY TUESDAYS
Largest movements
- Cash +€113,433
up €113,433 (+32.6%), from €348,438 to €461,872
mainly Net result for the year (+€107,347) and Other debts (+€75,561)
- Financial fixed assets +€14,400
up €14,400 (+13.8%), from €104,300 to €118,700
- Receivables within one year +€13,067
up €13,067 (+9.2%), from €141,492 to €154,558
- Tangible fixed assets -€9,294
down €9,294 (-21.9%), from €42,442 to €33,148
of which Land and buildings: -€8,758
- Other debts +€75,561
up €75,561 (+689%), from €10,972 to €86,533
- Reserves +€35,306
up €35,306 (+6.8%), from €520,191 to €555,497
of which Distributable reserves: +€35,306
- Trade debts +€24,885
up €24,885 (+189%), from €13,173 to €38,059
of which Suppliers: +€25,302
- Tax, wage and social debts -€8,348
down €8,348 (-42.7%), from €19,550 to €11,201
- Gross operating margin -€5,414
down €5,414 (-3.3%), from €161,998 to €156,584
- Financial income +€2,987
up €2,987 (+154%), from €1,936 to €4,923
- Taxes -€1,865
down €1,865 (-4.2%), from €44,849 to €42,984
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €646,658 | €780,172 | +€133,514 | +20.6% |
| Fixed assets | 21/28 | €146,742 | €151,848 | +€5,106 | +3.5% |
| Tangible fixed assets | 22/27 | €42,442 | €33,148 | -€9,294 | -21.9% |
| Land and buildings | 22 | €41,288 | €32,530 | -€8,758 | -21.2% |
| Furniture and vehicles | 24 | €1,153 | €618 | -€535 | -46.4% |
| Financial fixed assets | 28 | €104,300 | €118,700 | +€14,400 | +13.8% |
| Current assets | 29/58 | €499,916 | €628,324 | +€128,408 | +25.7% |
| Amounts receivable within one year | 40/41 | €141,492 | €154,558 | +€13,067 | +9.2% |
| Trade receivables | 40 | €141,492 | €154,558 | +€13,067 | +9.2% |
| Cash at bank and in hand | 54/58 | €348,438 | €461,872 | +€113,433 | +32.6% |
| Deferred charges and accrued income | 490/1 | €9,986 | €11,894 | +€1,908 | +19.1% |
| Total equity and liabilities | 10/49 | €646,658 | €780,172 | +€133,514 | +20.6% |
| Equity | 10/15 | €583,618 | €618,924 | +€35,306 | +6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €520,191 | €555,497 | +€35,306 | +6.8% |
| 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 | €518,331 | €553,637 | +€35,306 | +6.8% |
| Profit (loss) carried forward | 14 | €51,027 | €51,027 | = | 0.0% |
| Amounts payable | 17/49 | €63,040 | €161,249 | +€98,208 | +156% |
| Amounts payable within one year | 42/48 | €48,155 | €140,270 | +€92,116 | +191% |
| Current portion of amounts payable after more than one year | 42 | €4,460 | €4,478 | +€18 | +0.4% |
| Trade debts | 44 | €13,173 | €38,059 | +€24,885 | +189% |
| Suppliers | 440/4 | €12,565 | €37,867 | +€25,302 | +201% |
| Bills of exchange payable | 441 | €609 | €192 | -€416 | -68.4% |
| Taxes, remuneration and social security | 45 | €19,550 | €11,201 | -€8,348 | -42.7% |
| Taxes | 450/3 | €19,550 | €11,201 | -€8,348 | -42.7% |
| Other amounts payable | 47/48 | €10,972 | €86,533 | +€75,561 | +689% |
| Accrued charges and deferred income | 492/3 | €14,886 | €20,978 | +€6,092 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,343 | €9,294 | -€49 | -0.5% |
| Other operating charges | 640/8 | €363 | - | -€363 | |
| Gross operating margin | 9900 | €161,998 | €156,584 | -€5,414 | -3.3% |
| Operating profit (loss) | 9901 | €152,292 | €147,290 | -€5,002 | -3.3% |
| Financial income | 75/76B | €1,936 | €4,923 | +€2,987 | +154% |
| Recurring financial income | 75 | €1,936 | €4,923 | +€2,987 | +154% |
| Financial charges | 65/66B | €1,489 | €1,882 | +€393 | +26.4% |
| Recurring financial charges | 65 | €1,489 | €1,882 | +€393 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €152,739 | €150,331 | -€2,408 | -1.6% |
| Income taxes | 67/77 | €44,849 | €42,984 | -€1,865 | -4.2% |
| Profit (loss) for the period | 9904 | €107,890 | €107,347 | -€543 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,890 | €107,347 | -€543 | -0.5% |
Next steps
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 5 November 2026 via checked.be.