HAPPY WAREGEM: 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.
What changed
HAPPY WAREGEM
NACE 93.110, Operation of sports facilities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€137,852
2024 · €37,371+€100,482
Equity
€721,346
2024 · €583,494+€137,852
Cash
€1.3m
2024 · €1.0m+€280,144
Balance sheet total
€2.8m
2024 · €2.5m+€338,428
Largest movements
Assets
- Cash +€280,144
up €280,144 (+26.8%), from €1.0m to €1.3m
mainly Accrued charges and deferred income (+€354,217) and Depreciation (+€223,121)
- Receivables within one year +€60,993
up €60,993 (+18.4%), from €330,679 to €391,673
of which Trade receivables: +€57,212
- Deferred charges and accrued income -€44,519
down €44,519 (-86.5%), from €51,447 to €6,928
- Tangible fixed assets +€33,314
up €33,314 (+4.6%), from €727,458 to €760,773
of which Leasing and similar rights: +€92,956
Equity and liabilities
- Accrued charges and deferred income +€354,217
up €354,217 (+37.4%), from €946,335 to €1.3m
- Other debts -€221,404
down €221,404 (-100.0%), from €221,404 to €0
- Profit (loss) carried forward +€136,506
up €136,506, from -€136,506 to €0
- Provisions +€100,000
new in 2025: €100,000
- Current portion of long-term debt -€68,306
down €68,306 (-28.8%), from €237,481 to €169,175
Income statement
- Purchases and services +€2.3m
new in 2025: €2.3m
- Gross operating margin +€268,945
up €268,945 (+17.8%), from €1.5m to €1.8m
- Provisions +€100,000
new in 2025: €100,000
- Write-downs +€75,000
new in 2025: €75,000
- Taxes +€45,239
up €45,239 (+280.6%), from €16,124 to €61,363
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.
Result 2024
€37,371
Gross operating margin
+€268,945
Staff costs
+€36,680
Depreciation
+€19,121
Write-downs
-€75,000
Provisions
-€100,000
Other operating charges
-€863
Other operating items
+€1,825
Financial income
-€6,211
Financial charges
+€1,224
Taxes
-€45,239
Result 2025
€137,852
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.
From operations
+€608,385
Investment
-€251,578
Financing
-€76,662
Cash 2024
€1.0m
From operations (derived)
+€608,385
Net result for the year
+€137,852
Depreciation
+€223,121
Stocks and contracts
-€13,352
Receivables within one year
-€60,993
Deferred charges and accrued income
+€44,519
Provisions
+€100,000
Trade debts
+€23,084
Tax, wage and social debts
+€21,340
Other debts
-€221,404
Accrued charges and deferred income
+€354,217
Investment (derived)
-€251,578
Investment in fixed assets (net)
-€251,578
Financing
-€76,662
Debts after one year
-€8,357
Current portion of long-term debt
-€68,306
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,503,792 | €2,842,220 | +€338,428 | +13.5% |
| Fixed assets | 21/28 | €1,020,427 | €1,048,884 | +€28,457 | +2.8% |
| Intangible fixed assets | 21 | €287,441 | €282,583 | -€4,858 | -1.7% |
| Tangible fixed assets | 22/27 | €727,458 | €760,773 | +€33,314 | +4.6% |
| Plant, machinery and equipment | 23 | €314,773 | €350,027 | +€35,254 | +11.2% |
| Furniture and vehicles | 24 | €18,540 | €18,086 | -€454 | -2.4% |
| Leasing and similar rights | 25 | €21,294 | €114,250 | +€92,956 | +436.5% |
| Other tangible fixed assets | 26 | €372,851 | €278,409 | -€94,442 | -25.3% |
| Financial fixed assets | 28 | €5,528 | €5,528 | = | 0.0% |
| Current assets | 29/58 | €1,483,364 | €1,793,335 | +€309,971 | +20.9% |
| Stocks and contracts in progress | 3 | €54,343 | €67,695 | +€13,352 | +24.6% |
| Stocks | 30/36 | €54,343 | €67,695 | +€13,352 | +24.6% |
| Amounts receivable within one year | 40/41 | €330,679 | €391,673 | +€60,993 | +18.4% |
| Trade receivables | 40 | €136,934 | €194,146 | +€57,212 | +41.8% |
| Other amounts receivable | 41 | €193,745 | €197,527 | +€3,781 | +2.0% |
| Cash at bank and in hand | 54/58 | €1,046,895 | €1,327,039 | +€280,144 | +26.8% |
| Deferred charges and accrued income | 490/1 | €51,447 | €6,928 | -€44,519 | -86.5% |
| Total equity and liabilities | 10/49 | €2,503,792 | €2,842,220 | +€338,428 | +13.5% |
| Equity | 10/15 | €583,494 | €721,346 | +€137,852 | +23.6% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Share premium | 1100/10 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €21,346 | +€1,346 | +6.7% |
| Non-distributable reserves | 130/1 | €20,000 | €21,346 | +€1,346 | +6.7% |
| Legal reserve | 130 | €20,000 | €21,346 | +€1,346 | +6.7% |
| Profit (loss) carried forward | 14 | -€136,506 | €0 | +€136,506 | |
| Provisions and deferred taxes | 16 | - | €100,000 | +€100,000 | |
| Provisions for liabilities and charges | 160/5 | - | €100,000 | +€100,000 | |
| Environmental obligations | 163 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €1,920,298 | €2,020,873 | +€100,575 | +5.2% |
| Amounts payable after more than one year | 17 | €351,730 | €343,373 | -€8,357 | -2.4% |
| Financial debts | 170/4 | €351,730 | €343,373 | -€8,357 | -2.4% |
| Amounts payable within one year | 42/48 | €622,233 | €376,948 | -€245,285 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €237,481 | €169,175 | -€68,306 | -28.8% |
| Trade debts | 44 | €54,280 | €77,364 | +€23,084 | +42.5% |
| Suppliers | 440/4 | €54,280 | €77,364 | +€23,084 | +42.5% |
| Taxes, remuneration and social security | 45 | €109,069 | €130,409 | +€21,340 | +19.6% |
| Taxes | 450/3 | €73,756 | €129,202 | +€55,445 | +75.2% |
| Remuneration and social security | 454/9 | €35,312 | €1,207 | -€34,105 | -96.6% |
| Other amounts payable | 47/48 | €221,404 | €0 | -€221,404 | -100.0% |
| Accrued charges and deferred income | 492/3 | €946,335 | €1,300,552 | +€354,217 | +37.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,296,653 | +€2.3m | |
| Remuneration, social security and pensions | 62 | €1,118,519 | €1,081,839 | -€36,680 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,243 | €223,121 | -€19,121 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €75,000 | +€75,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €100,000 | +€100,000 | |
| Other operating charges | 640/8 | €64,129 | €64,992 | +€863 | +1.3% |
| Non-recurring operating charges | 66A | €1,825 | €0 | -€1,825 | -100.0% |
| Gross operating margin | 9900 | €1,507,401 | €1,776,346 | +€268,945 | +17.8% |
| Operating profit (loss) | 9901 | €80,685 | €231,393 | +€150,708 | +186.8% |
| Financial income | 75/76B | €8,456 | €2,245 | -€6,211 | -73.4% |
| Recurring financial income | 75 | €8,422 | €1,745 | -€6,677 | -79.3% |
| Non-recurring financial income | 76B | €34 | €500 | +€467 | +1392.5% |
| Financial charges | 65/66B | €35,647 | €34,423 | -€1,224 | -3.4% |
| Recurring financial charges | 65 | €35,647 | €34,423 | -€1,224 | -3.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €53,494 | €199,215 | +€145,721 | +272.4% |
| Income taxes | 67/77 | €16,124 | €61,363 | +€45,239 | +280.6% |
| Profit (loss) for the period | 9904 | €37,371 | €137,852 | +€100,482 | +268.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,371 | €137,852 | +€100,482 | +268.9% |
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 9 October 2026 via checked.be.