HAPPYLAW: 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.
HAPPYLAW
Largest movements
- Receivables within one year -€22,997
down €22,997 (-27.3%), from €84,146 to €61,149
of which Trade receivables: -€23,385
- Contributions -€73,900
down €73,900 (-5.0%), from €1.5m to €1.4m
- Advances received +€35,065
new in 2025: €35,065
- Other debts +€13,084
new in 2025: €13,084
- Profit (loss) carried forward +€8,893
up €8,893 (+0.6%), from -€1.4m to -€1.4m
- Tax, wage and social debts -€7,998
down €7,998 (-63.5%), from €12,600 to €4,603
- Gross operating margin -€27,598
down €27,598 (-68.9%), from €40,049 to €12,451
- Taxes -€8,037
down €8,037 (-69.6%), from €11,540 to €3,503
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 | €84,178 | €61,253 | -€22,924 | -27.2% |
| Current assets | 29/58 | €84,178 | €61,253 | -€22,924 | -27.2% |
| Amounts receivable within one year | 40/41 | €84,146 | €61,149 | -€22,997 | -27.3% |
| Trade receivables | 40 | €32,460 | €9,075 | -€23,385 | -72.0% |
| Other amounts receivable | 41 | €51,686 | €52,074 | +€387 | +0.7% |
| Cash at bank and in hand | 54/58 | €32 | €105 | +€73 | +230% |
| Total equity and liabilities | 10/49 | €84,178 | €61,253 | -€22,924 | -27.2% |
| Equity | 10/15 | €62,635 | -€2,372 | -€65,007 | |
| Contributions | 10/11 | €1,479,760 | €1,405,860 | -€73,900 | -5.0% |
| Profit (loss) carried forward | 14 | -€1,417,124 | -€1,408,231 | +€8,893 | +0.6% |
| Amounts payable | 17/49 | €21,542 | €63,625 | +€42,083 | +195% |
| Amounts payable within one year | 42/48 | €21,542 | €63,625 | +€42,083 | +195% |
| Trade debts | 44 | €8,942 | €10,873 | +€1,931 | +21.6% |
| Suppliers | 440/4 | €8,942 | €10,873 | +€1,931 | +21.6% |
| Advances received on contracts in progress | 46 | - | €35,065 | +€35,065 | |
| Taxes, remuneration and social security | 45 | €12,600 | €4,603 | -€7,998 | -63.5% |
| Taxes | 450/3 | €12,600 | €4,603 | -€7,998 | -63.5% |
| Other amounts payable | 47/48 | - | €13,084 | +€13,084 | |
| Gross operating margin | 9900 | €40,049 | €12,451 | -€27,598 | -68.9% |
| Operating profit (loss) | 9901 | €40,049 | €12,451 | -€27,598 | -68.9% |
| Financial charges | 65/66B | €147 | €55 | -€92 | -62.7% |
| Recurring financial charges | 65 | €147 | €55 | -€92 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €39,902 | €12,396 | -€27,506 | -68.9% |
| Income taxes | 67/77 | €11,540 | €3,503 | -€8,037 | -69.6% |
| Profit (loss) for the period | 9904 | €28,362 | €8,893 | -€19,468 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,362 | €8,893 | -€19,468 | -68.6% |
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 19 October 2026 via checked.be.