HAPPYDIS: 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.
HAPPYDIS
Largest movements
- Cash -€149,662
down €149,662 (-26.5%), from €565,366 to €415,704
mainly Receivables within one year (-€138,522) and Other debts (-€100,000)
- Receivables within one year +€138,522
up €138,522 (+25.2%), from €549,096 to €687,618
of which Other amounts receivable: +€129,658
- Deferred charges and accrued income -€37,971
down €37,971 (-39.2%), from €96,891 to €58,920
- Tangible fixed assets -€23,667
down €23,667 (-9.4%), from €252,859 to €229,192
of which Plant, machinery and equipment: -€23,566
- Other debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Trade debts -€56,359
down €56,359 (-5.5%), from €1.0m to €976,308
- Reserves +€39,715
up €39,715 (+9.7%), from €409,403 to €449,118
of which Distributable reserves: +€39,715
- Accrued charges and deferred income +€37,016
up €37,016 (+1115.4%), from €3,319 to €40,334
- Debts after one year +€32,415
up €32,415 (+18.6%), from €174,131 to €206,546
of which Financial debts: +€32,415
- Gross operating margin -€100,456
down €100,456 (-10.1%), from €990,443 to €889,988
- Other operating charges +€48,416
up €48,416 (+96.2%), from €50,325 to €98,741
- Financial income -€25,906
down €25,906 (-79.4%), from €32,638 to €6,732
- Taxes -€12,463
down €12,463 (-47.9%), from €26,031 to €13,567
- Financial charges +€12,074
up €12,074 (+17.5%), from €68,954 to €81,027
of which Non-recurring financial charges: +€6,528
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,065,558 | €1,987,752 | -€77,805 | -3.8% |
| Formation expenses | 20 | - | €1,243 | +€1,243 | |
| Fixed assets | 21/28 | €279,967 | €249,764 | -€30,203 | -10.8% |
| Tangible fixed assets | 22/27 | €252,859 | €229,192 | -€23,667 | -9.4% |
| Plant, machinery and equipment | 23 | €223,168 | €199,602 | -€23,566 | -10.6% |
| Furniture and vehicles | 24 | €23,338 | €25,234 | +€1,895 | +8.1% |
| Other tangible fixed assets | 26 | €6,353 | €4,356 | -€1,997 | -31.4% |
| Financial fixed assets | 28 | €27,108 | €20,572 | -€6,536 | -24.1% |
| Current assets | 29/58 | €1,785,590 | €1,736,746 | -€48,844 | -2.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €574,238 | €574,505 | +€267 | 0.0% |
| Stocks | 30/36 | €574,238 | €574,505 | +€267 | 0.0% |
| Amounts receivable within one year | 40/41 | €549,096 | €687,618 | +€138,522 | +25.2% |
| Trade receivables | 40 | €66,815 | €75,679 | +€8,864 | +13.3% |
| Other amounts receivable | 41 | €482,281 | €611,939 | +€129,658 | +26.9% |
| Cash at bank and in hand | 54/58 | €565,366 | €415,704 | -€149,662 | -26.5% |
| Deferred charges and accrued income | 490/1 | €96,891 | €58,920 | -€37,971 | -39.2% |
| Total equity and liabilities | 10/49 | €2,065,558 | €1,987,752 | -€77,805 | -3.8% |
| Equity | 10/15 | €559,403 | €599,118 | +€39,715 | +7.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €409,403 | €449,118 | +€39,715 | +9.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €394,403 | €434,118 | +€39,715 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,506,155 | €1,388,635 | -€117,520 | -7.8% |
| Amounts payable after more than one year | 17 | €174,131 | €206,546 | +€32,415 | +18.6% |
| Financial debts | 170/4 | €170,331 | €202,746 | +€32,415 | +19.0% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,328,705 | €1,141,754 | -€186,951 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €74,517 | €47,368 | -€27,148 | -36.4% |
| Financial debts | 43 | €52,653 | €51,582 | -€1,070 | -2.0% |
| Credit institutions | 430/8 | €52,653 | €51,582 | -€1,070 | -2.0% |
| Trade debts | 44 | €1,032,667 | €976,308 | -€56,359 | -5.5% |
| Suppliers | 440/4 | €1,032,667 | €976,308 | -€56,359 | -5.5% |
| Taxes, remuneration and social security | 45 | €68,869 | €66,496 | -€2,374 | -3.4% |
| Taxes | 450/3 | €317 | €0 | -€317 | -100.0% |
| Remuneration and social security | 454/9 | €68,552 | €66,496 | -€2,057 | -3.0% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,319 | €40,334 | +€37,016 | +1115.4% |
| Non-recurring operating income | 76A | €8,195 | €27,228 | +€19,034 | +232.3% |
| Remuneration, social security and pensions | 62 | €561,985 | €557,519 | -€4,467 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,722 | €106,150 | +€5,428 | +5.4% |
| Other operating charges | 640/8 | €50,325 | €98,741 | +€48,416 | +96.2% |
| Non-recurring operating charges | 66A | €40,971 | €0 | -€40,971 | -100.0% |
| Gross operating margin | 9900 | €990,443 | €889,988 | -€100,456 | -10.1% |
| Operating profit (loss) | 9901 | €236,440 | €127,578 | -€108,862 | -46.0% |
| Financial income | 75/76B | €32,638 | €6,732 | -€25,906 | -79.4% |
| Recurring financial income | 75 | €32,638 | €6,732 | -€25,906 | -79.4% |
| Financial charges | 65/66B | €68,954 | €81,027 | +€12,074 | +17.5% |
| Recurring financial charges | 65 | €61,944 | €67,489 | +€5,546 | +9.0% |
| Non-recurring financial charges | 66B | €7,010 | €13,538 | +€6,528 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €200,124 | €53,282 | -€146,842 | -73.4% |
| Income taxes | 67/77 | €26,031 | €13,567 | -€12,463 | -47.9% |
| Profit (loss) for the period | 9904 | €174,093 | €39,715 | -€134,378 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €174,093 | €39,715 | -€134,378 | -77.2% |
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.