HAPPYCOMPANY: what changed
HAPPYCOMPANY
Largest movements
- Tangible fixed assets -€19,012
down €19,012 (-17.4%), from €109,048 to €90,037
of which Other tangible fixed assets: -€10,184
- Cash -€5,486
down €5,486 (-15.2%), from €36,052 to €30,566
mainly Net result for the year (-€19,026) and Investment in fixed assets (net) (-€6,239)
- Receivables within one year -€2,376
down €2,376 (-15.6%), from €15,278 to €12,902
of which Other amounts receivable: -€1,255
- Intangible fixed assets -€1,900
down €1,900 (-30.8%), from €6,175 to €4,275
- Profit (loss) carried forward -€19,026
down €19,026 (-180%), from -€10,578 to -€29,604
- Trade debts -€6,174
down €6,174 (-20.4%), from €30,192 to €24,018
- Other debts -€4,623
no longer reported in 2025 (was €4,623)
- Gross operating margin -€8,982
down €8,982 (-45.6%), from €19,699 to €10,717
- Depreciation +€2,480
up €2,480 (+10.1%), from €24,672 to €27,151
- Taxes -€755
down €755 (-84.3%), from €896 to €141
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 | €166,554 | €137,780 | -€28,774 | -17.3% |
| Fixed assets | 21/28 | €115,223 | €94,312 | -€20,912 | -18.1% |
| Intangible fixed assets | 21 | €6,175 | €4,275 | -€1,900 | -30.8% |
| Tangible fixed assets | 22/27 | €109,048 | €90,037 | -€19,012 | -17.4% |
| Plant, machinery and equipment | 23 | €25,897 | €21,519 | -€4,378 | -16.9% |
| Furniture and vehicles | 24 | €10,192 | €5,742 | -€4,450 | -43.7% |
| Other tangible fixed assets | 26 | €72,959 | €62,775 | -€10,184 | -14.0% |
| Current assets | 29/58 | €51,331 | €43,468 | -€7,863 | -15.3% |
| Amounts receivable within one year | 40/41 | €15,278 | €12,902 | -€2,376 | -15.6% |
| Trade receivables | 40 | €12,697 | €11,575 | -€1,121 | -8.8% |
| Other amounts receivable | 41 | €2,582 | €1,327 | -€1,255 | -48.6% |
| Cash at bank and in hand | 54/58 | €36,052 | €30,566 | -€5,486 | -15.2% |
| Total equity and liabilities | 10/49 | €166,554 | €137,780 | -€28,774 | -17.3% |
| Equity | 10/15 | €126,622 | €107,596 | -€19,026 | -15.0% |
| Reserves | 13 | €137,200 | €137,200 | = | 0.0% |
| Distributable reserves | 133 | €137,200 | €137,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,578 | -€29,604 | -€19,026 | -180% |
| Amounts payable | 17/49 | €39,932 | €30,183 | -€9,748 | -24.4% |
| Amounts payable within one year | 42/48 | €39,932 | €30,183 | -€9,748 | -24.4% |
| Trade debts | 44 | €30,192 | €24,018 | -€6,174 | -20.4% |
| Suppliers | 440/4 | €30,192 | €24,018 | -€6,174 | -20.4% |
| Taxes, remuneration and social security | 45 | €5,116 | €6,165 | +€1,049 | +20.5% |
| Taxes | 450/3 | €1,813 | €6,165 | +€4,352 | +240% |
| Remuneration and social security | 454/9 | €3,303 | - | -€3,303 | |
| Other amounts payable | 47/48 | €4,623 | - | -€4,623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,672 | €27,151 | +€2,480 | +10.1% |
| Other operating charges | 640/8 | €2,160 | €2,225 | +€65 | +3.0% |
| Gross operating margin | 9900 | €19,699 | €10,717 | -€8,982 | -45.6% |
| Operating profit (loss) | 9901 | -€7,132 | -€18,659 | -€11,527 | -162% |
| Financial income | 75/76B | €96 | - | -€96 | |
| Recurring financial income | 75 | €96 | - | -€96 | |
| Financial charges | 65/66B | €285 | €226 | -€59 | -20.6% |
| Recurring financial charges | 65 | €285 | €226 | -€59 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,321 | -€18,885 | -€11,564 | -158% |
| Income taxes | 67/77 | €896 | €141 | -€755 | -84.3% |
| Profit (loss) for the period | 9904 | -€8,217 | -€19,026 | -€10,809 | -132% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,217 | -€19,026 | -€10,809 | -132% |
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 2 November 2026 via checked.be.