HAPPYFORMANCE: what changed
Two fiscal 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.
HAPPYFORMANCE
Largest movements
- Receivables within one year +€67,997
up €67,997 (+151.0%), from €45,040 to €113,037
of which Other amounts receivable: +€53,110
- Cash -€27,721
down €27,721 (-62.7%), from €44,233 to €16,512
mainly Contributions, distributions and other (-€96,000) and Receivables within one year (-€67,997)
- Tangible fixed assets -€8,628
down €8,628 (-4.7%), from €185,226 to €176,598
of which Land and buildings: -€7,576
- Other debts +€81,600
new in 2025: €81,600
- Provisions +€37,286
new in 2025: €37,286
- Profit (loss) carried forward -€26,851
down €26,851 (-99.0%), from €27,130 to €280
- Tax, wage and social debts -€24,156
down €24,156 (-54.0%), from €44,702 to €20,546
of which Taxes: -€21,896
- Debts after one year -€20,000
no longer reported in 2025 (was €20,000)
- Provisions +€71,553
up €71,553, from -€34,267 to €37,286
- Gross operating margin +€66,492
up €66,492 (+53.2%), from €124,985 to €191,477
- Financial income -€37,567
down €37,567 (-99.4%), from €37,803 to €236
of which Non-recurring financial income: -€36,831
- Financial charges -€10,468
down €10,468 (-20.5%), from €51,054 to €40,586
- Taxes +€10,430
up €10,430 (+47.9%), from €21,785 to €32,215
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 | €277,745 | €307,731 | +€29,986 | +10.8% |
| Fixed assets | 21/28 | €185,226 | €176,598 | -€8,628 | -4.7% |
| Tangible fixed assets | 22/27 | €185,226 | €176,598 | -€8,628 | -4.7% |
| Land and buildings | 22 | €184,134 | €176,558 | -€7,576 | -4.1% |
| Furniture and vehicles | 24 | €897 | - | -€897 | |
| Other tangible fixed assets | 26 | €195 | €40 | -€155 | -79.5% |
| Current assets | 29/58 | €92,519 | €131,133 | +€38,613 | +41.7% |
| Amounts receivable within one year | 40/41 | €45,040 | €113,037 | +€67,997 | +151.0% |
| Trade receivables | 40 | €37,339 | €52,226 | +€14,887 | +39.9% |
| Other amounts receivable | 41 | €7,701 | €60,811 | +€53,110 | +689.7% |
| Cash at bank and in hand | 54/58 | €44,233 | €16,512 | -€27,721 | -62.7% |
| Deferred charges and accrued income | 490/1 | €3,247 | €1,584 | -€1,663 | -51.2% |
| Total equity and liabilities | 10/49 | €277,745 | €307,731 | +€29,986 | +10.8% |
| Equity | 10/15 | €187,590 | €160,740 | -€26,851 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,860 | €141,860 | = | 0.0% |
| Distributable reserves | 133 | €141,860 | €141,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,130 | €280 | -€26,851 | -99.0% |
| Provisions and deferred taxes | 16 | - | €37,286 | +€37,286 | |
| Provisions for liabilities and charges | 160/5 | - | €37,286 | +€37,286 | |
| Other liabilities and charges | 164/5 | - | €37,286 | +€37,286 | |
| Amounts payable | 17/49 | €90,155 | €109,705 | +€19,550 | +21.7% |
| Amounts payable after more than one year | 17 | €20,000 | - | -€20,000 | |
| Financial debts | 170/4 | €20,000 | - | -€20,000 | |
| Amounts payable within one year | 42/48 | €68,549 | €109,705 | +€41,156 | +60.0% |
| Trade debts | 44 | €23,847 | €7,559 | -€16,288 | -68.3% |
| Suppliers | 440/4 | €23,847 | €7,559 | -€16,288 | -68.3% |
| Taxes, remuneration and social security | 45 | €44,702 | €20,546 | -€24,156 | -54.0% |
| Taxes | 450/3 | €42,442 | €20,546 | -€21,896 | -51.6% |
| Remuneration and social security | 454/9 | €2,260 | - | -€2,260 | |
| Other amounts payable | 47/48 | - | €81,600 | +€81,600 | |
| Accrued charges and deferred income | 492/3 | €1,606 | - | -€1,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,092 | €8,035 | -€2,058 | -20.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€34,267 | €37,286 | +€71,553 | |
| Other operating charges | 640/8 | €4,425 | €4,441 | +€15 | +0.3% |
| Gross operating margin | 9900 | €124,985 | €191,477 | +€66,492 | +53.2% |
| Operating profit (loss) | 9901 | €144,735 | €141,715 | -€3,019 | -2.1% |
| Financial income | 75/76B | €37,803 | €236 | -€37,567 | -99.4% |
| Recurring financial income | 75 | €971 | €236 | -€736 | -75.7% |
| Non-recurring financial income | 76B | €36,831 | - | -€36,831 | |
| Financial charges | 65/66B | €51,054 | €40,586 | -€10,468 | -20.5% |
| Recurring financial charges | 65 | €51,054 | €40,586 | -€10,468 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €131,483 | €101,365 | -€30,119 | -22.9% |
| Income taxes | 67/77 | €21,785 | €32,215 | +€10,430 | +47.9% |
| Profit (loss) for the period | 9904 | €109,698 | €69,149 | -€40,549 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,698 | €69,149 | -€40,549 | -37.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.