HAPPYLOU: 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.
HAPPYLOU
Largest movements
- Cash +€44,638
up €44,638 (+672.6%), from €6,637 to €51,275
mainly Net result for the year (+€29,321) and Tax, wage and social debts (+€28,587)
- Receivables within one year +€16,645
up €16,645 (+26.1%), from €63,692 to €80,337
- Tangible fixed assets -€9,366
down €9,366 (-33.0%), from €28,402 to €19,036
- Reserves +€29,000
up €29,000 (+8041.9%), from €361 to €29,361
of which Distributable reserves: +€28,639
- Tax, wage and social debts +€28,587
up €28,587 (+526.0%), from €5,435 to €34,022
- Trade debts +€6,720
up €6,720 (+309.8%), from €2,169 to €8,889
- Debts after one year -€6,379
down €6,379 (-34.0%), from €18,752 to €12,373
- Current portion of long-term debt -€6,332
down €6,332 (-49.8%), from €12,711 to €6,379
- Taxes +€21,823
new in 2025: €21,823
- Gross operating margin +€12,849
up €12,849 (+25.4%), from €50,666 to €63,515
- Depreciation +€8,890
up €8,890 (+544.1%), from €1,634 to €10,524
- Financial charges -€1,013
down €1,013 (-48.6%), from €2,084 to €1,071
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 | €103,231 | €155,147 | +€51,917 | +50.3% |
| Fixed assets | 21/28 | €32,902 | €23,536 | -€9,366 | -28.5% |
| Tangible fixed assets | 22/27 | €28,402 | €19,036 | -€9,366 | -33.0% |
| Furniture and vehicles | 24 | €28,402 | €19,036 | -€9,366 | -33.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €70,329 | €131,612 | +€61,283 | +87.1% |
| Amounts receivable within one year | 40/41 | €63,692 | €80,337 | +€16,645 | +26.1% |
| Trade receivables | 40 | €63,692 | €80,337 | +€16,645 | +26.1% |
| Cash at bank and in hand | 54/58 | €6,637 | €51,275 | +€44,638 | +672.6% |
| Total equity and liabilities | 10/49 | €103,231 | €155,147 | +€51,917 | +50.3% |
| Equity | 10/15 | €64,164 | €93,485 | +€29,321 | +45.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €361 | €29,361 | +€29,000 | +8041.9% |
| Non-distributable reserves | 130/1 | - | €361 | +€361 | |
| Reserves not available under the articles | 1311 | - | €361 | +€361 | |
| Distributable reserves | 133 | €361 | €29,000 | +€28,639 | +7941.9% |
| Profit (loss) carried forward | 14 | €57,603 | €57,925 | +€321 | +0.6% |
| Amounts payable | 17/49 | €39,067 | €61,662 | +€22,595 | +57.8% |
| Amounts payable after more than one year | 17 | €18,752 | €12,373 | -€6,379 | -34.0% |
| Financial debts | 170/4 | €18,752 | €12,373 | -€6,379 | -34.0% |
| Amounts payable within one year | 42/48 | €20,315 | €49,289 | +€28,974 | +142.6% |
| Current portion of amounts payable after more than one year | 42 | €12,711 | €6,379 | -€6,332 | -49.8% |
| Trade debts | 44 | €2,169 | €8,889 | +€6,720 | +309.8% |
| Suppliers | 440/4 | €2,169 | €8,889 | +€6,720 | +309.8% |
| Taxes, remuneration and social security | 45 | €5,435 | €34,022 | +€28,587 | +526.0% |
| Taxes | 450/3 | €5,435 | €34,022 | +€28,587 | +526.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,634 | €10,524 | +€8,890 | +544.1% |
| Other operating charges | 640/8 | €1,045 | €776 | -€269 | -25.8% |
| Gross operating margin | 9900 | €50,666 | €63,515 | +€12,849 | +25.4% |
| Operating profit (loss) | 9901 | €47,987 | €52,215 | +€4,229 | +8.8% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €2,084 | €1,071 | -€1,013 | -48.6% |
| Recurring financial charges | 65 | €2,084 | €1,071 | -€1,013 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €45,927 | €51,145 | +€5,218 | +11.4% |
| Income taxes | 67/77 | - | €21,823 | +€21,823 | |
| Profit (loss) for the period | 9904 | €45,927 | €29,321 | -€16,606 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,927 | €29,321 | -€16,606 | -36.2% |
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 5 October 2026 via checked.be.