Happy Zen: 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 Zen
Largest movements
- Cash +€30,408
up €30,408 (+105%), from €29,081 to €59,489
mainly Net result for the year (+€16,685) and Trade debts (+€4,996)
- Receivables within one year -€4,503
down €4,503 (-32.9%), from €13,706 to €9,203
of which Other amounts receivable: -€3,966
- Deferred charges and accrued income -€881
no longer reported in 2025 (was €881)
- Profit (loss) carried forward +€16,685
up €16,685 (+45.7%), from €36,534 to €53,219
- Trade debts +€4,996
up €4,996 (+66.3%), from €7,531 to €12,527
- Tax, wage and social debts +€3,920
up €3,920 (+75.4%), from €5,200 to €9,120
- Taxes +€15,620
new in 2025: €15,620
- Gross operating margin -€2,048
down €2,048 (-5.3%), from €38,588 to €36,539
- Other operating charges +€1,797
up €1,797 (+464%), from €387 to €2,184
- Depreciation +€721
up €721 (+44.9%), from €1,607 to €2,328
- Financial income +€541
new in 2025: €541
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 | €50,264 | €75,866 | +€25,601 | +50.9% |
| Formation expenses | 20 | €57 | - | -€57 | |
| Fixed assets | 21/28 | €6,540 | €7,174 | +€634 | +9.7% |
| Intangible fixed assets | 21 | €5,462 | €6,046 | +€584 | +10.7% |
| Tangible fixed assets | 22/27 | €1,078 | €1,128 | +€50 | +4.7% |
| Furniture and vehicles | 24 | €1,078 | €1,128 | +€50 | +4.7% |
| Current assets | 29/58 | €43,668 | €68,692 | +€25,024 | +57.3% |
| Amounts receivable within one year | 40/41 | €13,706 | €9,203 | -€4,503 | -32.9% |
| Trade receivables | 40 | €5,586 | €5,048 | -€537 | -9.6% |
| Other amounts receivable | 41 | €8,120 | €4,155 | -€3,966 | -48.8% |
| Cash at bank and in hand | 54/58 | €29,081 | €59,489 | +€30,408 | +105% |
| Deferred charges and accrued income | 490/1 | €881 | - | -€881 | |
| Total equity and liabilities | 10/49 | €50,264 | €75,866 | +€25,601 | +50.9% |
| Equity | 10/15 | €37,534 | €54,219 | +€16,685 | +44.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,534 | €53,219 | +€16,685 | +45.7% |
| Amounts payable | 17/49 | €12,731 | €21,647 | +€8,916 | +70.0% |
| Amounts payable within one year | 42/48 | €12,731 | €21,647 | +€8,916 | +70.0% |
| Trade debts | 44 | €7,531 | €12,527 | +€4,996 | +66.3% |
| Suppliers | 440/4 | €7,531 | €12,527 | +€4,996 | +66.3% |
| Taxes, remuneration and social security | 45 | €5,200 | €9,120 | +€3,920 | +75.4% |
| Taxes | 450/3 | €5,200 | €9,120 | +€3,920 | +75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,607 | €2,328 | +€721 | +44.9% |
| Other operating charges | 640/8 | €387 | €2,184 | +€1,797 | +464% |
| Gross operating margin | 9900 | €38,588 | €36,539 | -€2,048 | -5.3% |
| Operating profit (loss) | 9901 | €36,594 | €32,027 | -€4,567 | -12.5% |
| Financial income | 75/76B | - | €541 | +€541 | |
| Recurring financial income | 75 | - | €541 | +€541 | |
| Financial charges | 65/66B | €60 | €263 | +€203 | +339% |
| Recurring financial charges | 65 | €60 | €263 | +€203 | +339% |
| Profit (loss) for the period before taxes | 9903 | €36,534 | €32,305 | -€4,229 | -11.6% |
| Income taxes | 67/77 | - | €15,620 | +€15,620 | |
| Profit (loss) for the period | 9904 | €36,534 | €16,685 | -€19,849 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,534 | €16,685 | -€19,849 | -54.3% |
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 29 October 2026 via checked.be.