HAPPY YELLOW: 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 YELLOW
Largest movements
- Cash +€8,037
up €8,037 (+77.5%), from €10,365 to €18,402
mainly Trade debts (+€7,432) and Debts after one year (+€3,119)
- Tangible fixed assets -€3,043
down €3,043 (-25.9%), from €11,728 to €8,685
of which Furniture and vehicles: -€2,418
- Receivables within one year -€2,673
down €2,673 (-5.9%), from €45,551 to €42,879
of which Trade receivables: -€9,138
- Trade debts +€7,432
new in 2025: €7,432
- Other debts -€5,443
no longer reported in 2025 (was €5,443)
- Debts after one year +€3,119
up €3,119 (+5.1%), from €61,614 to €64,733
- Reserves -€2,831
down €2,831 (-2.4%), from €119,451 to €116,620
- Gross operating margin -€8,635
down €8,635 (-64.9%), from €13,309 to €4,673
- Financial charges +€3,123
up €3,123 (+2,799%), from €112 to €3,234
- Taxes -€2,854
down €2,854 (-92.4%), from €3,090 to €236
- Depreciation -€754
down €754 (-19.9%), from €3,797 to €3,043
- Other operating charges -€446
down €446 (-23.7%), from €1,879 to €1,434
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 | €196,010 | €198,914 | +€2,904 | +1.5% |
| Fixed assets | 21/28 | €139,170 | €136,127 | -€3,043 | -2.2% |
| Tangible fixed assets | 22/27 | €11,728 | €8,685 | -€3,043 | -25.9% |
| Plant, machinery and equipment | 23 | €5,942 | €5,317 | -€625 | -10.5% |
| Furniture and vehicles | 24 | €5,786 | €3,368 | -€2,418 | -41.8% |
| Financial fixed assets | 28 | €127,442 | €127,442 | = | 0.0% |
| Current assets | 29/58 | €56,840 | €62,787 | +€5,947 | +10.5% |
| Amounts receivable within one year | 40/41 | €45,551 | €42,879 | -€2,673 | -5.9% |
| Trade receivables | 40 | €36,158 | €27,021 | -€9,138 | -25.3% |
| Other amounts receivable | 41 | €9,393 | €15,858 | +€6,465 | +68.8% |
| Cash at bank and in hand | 54/58 | €10,365 | €18,402 | +€8,037 | +77.5% |
| Deferred charges and accrued income | 490/1 | €923 | €1,506 | +€582 | +63.1% |
| Total equity and liabilities | 10/49 | €196,010 | €198,914 | +€2,904 | +1.5% |
| Equity | 10/15 | €125,651 | €122,820 | -€2,831 | -2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,451 | €116,620 | -€2,831 | -2.4% |
| Distributable reserves | 133 | €119,451 | €116,620 | -€2,831 | -2.4% |
| Amounts payable | 17/49 | €70,359 | €76,094 | +€5,735 | +8.2% |
| Amounts payable after more than one year | 17 | €61,614 | €64,733 | +€3,119 | +5.1% |
| Financial debts | 170/4 | €61,614 | €64,733 | +€3,119 | +5.1% |
| Amounts payable within one year | 42/48 | €8,745 | €11,361 | +€2,616 | +29.9% |
| Trade debts | 44 | - | €7,432 | +€7,432 | |
| Suppliers | 440/4 | - | €7,432 | +€7,432 | |
| Taxes, remuneration and social security | 45 | €3,302 | €3,929 | +€627 | +19.0% |
| Taxes | 450/3 | €3,302 | €3,929 | +€627 | +19.0% |
| Other amounts payable | 47/48 | €5,443 | - | -€5,443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,797 | €3,043 | -€754 | -19.9% |
| Other operating charges | 640/8 | €1,879 | €1,434 | -€446 | -23.7% |
| Gross operating margin | 9900 | €13,309 | €4,673 | -€8,635 | -64.9% |
| Operating profit (loss) | 9901 | €7,632 | €197 | -€7,435 | -97.4% |
| Financial income | 75/76B | - | €442 | +€442 | |
| Recurring financial income | 75 | - | €442 | +€442 | |
| Financial charges | 65/66B | €112 | €3,234 | +€3,123 | +2,799% |
| Recurring financial charges | 65 | €112 | €3,234 | +€3,123 | +2,799% |
| Profit (loss) for the period before taxes | 9903 | €7,521 | -€2,595 | -€10,116 | |
| Income taxes | 67/77 | €3,090 | €236 | -€2,854 | -92.4% |
| Profit (loss) for the period | 9904 | €4,431 | -€2,831 | -€7,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,431 | -€2,831 | -€7,262 |
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.