HAPPYNAISS: 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.
HAPPYNAISS
Largest movements
- Intangible fixed assets -€30,632
down €30,632 (-17.6%), from €174,540 to €143,907
- Cash +€11,937
up €11,937 (+84.9%), from €14,055 to €25,992
mainly Depreciation (+€52,464) and Other debts (+€17,569)
- Receivables within one year -€10,261
down €10,261 (-83.4%), from €12,304 to €2,044
of which Trade receivables: -€6,548
- Profit (loss) carried forward -€32,061
new in 2025: -€32,061
- Other debts +€17,569
up €17,569 (+26.5%), from €66,269 to €83,838
- Investment grants -€11,073
down €11,073 (-11.4%), from €96,821 to €85,748
- Reserves -€4,767
down €4,767 (-21.9%), from €21,812 to €17,045
- Gross operating margin -€28,689
down €28,689, from €18,490 to -€10,198
- Depreciation +€10,158
up €10,158 (+24.0%), from €42,306 to €52,464
- Other operating charges -€3,375
down €3,375 (-66.7%), from €5,062 to €1,687
- Financial income +€3,275
up €3,275 (+13.5%), from €24,213 to €27,488
- Taxes -€279
down €279, from €140 to -€140
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 | €203,914 | €173,652 | -€30,263 | -14.8% |
| Fixed assets | 21/28 | €176,978 | €145,245 | -€31,733 | -17.9% |
| Intangible fixed assets | 21 | €174,540 | €143,907 | -€30,632 | -17.6% |
| Tangible fixed assets | 22/27 | €2,438 | €1,338 | -€1,101 | -45.1% |
| Furniture and vehicles | 24 | €1,267 | €636 | -€631 | -49.8% |
| Other tangible fixed assets | 26 | €1,171 | €702 | -€470 | -40.1% |
| Current assets | 29/58 | €26,936 | €28,406 | +€1,470 | +5.5% |
| Amounts receivable within one year | 40/41 | €12,304 | €2,044 | -€10,261 | -83.4% |
| Trade receivables | 40 | €8,592 | €2,044 | -€6,548 | -76.2% |
| Other amounts receivable | 41 | €3,712 | - | -€3,712 | |
| Cash at bank and in hand | 54/58 | €14,055 | €25,992 | +€11,937 | +84.9% |
| Deferred charges and accrued income | 490/1 | €577 | €371 | -€206 | -35.7% |
| Total equity and liabilities | 10/49 | €203,914 | €173,652 | -€30,263 | -14.8% |
| Equity | 10/15 | €137,233 | €89,333 | -€47,901 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,812 | €17,045 | -€4,767 | -21.9% |
| Distributable reserves | 133 | €21,812 | €17,045 | -€4,767 | -21.9% |
| Profit (loss) carried forward | 14 | - | -€32,061 | -€32,061 | |
| Investment grants | 15 | €96,821 | €85,748 | -€11,073 | -11.4% |
| Amounts payable | 17/49 | €66,681 | €84,319 | +€17,638 | +26.5% |
| Amounts payable within one year | 42/48 | €66,681 | €84,319 | +€17,638 | +26.5% |
| Trade debts | 44 | €272 | €476 | +€204 | +74.9% |
| Suppliers | 440/4 | €272 | €476 | +€204 | +74.9% |
| Taxes, remuneration and social security | 45 | €140 | €5 | -€135 | -96.7% |
| Taxes | 450/3 | €140 | €5 | -€135 | -96.7% |
| Other amounts payable | 47/48 | €66,269 | €83,838 | +€17,569 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,306 | €52,464 | +€10,158 | +24.0% |
| Other operating charges | 640/8 | €5,062 | €1,687 | -€3,375 | -66.7% |
| Gross operating margin | 9900 | €18,490 | -€10,198 | -€28,689 | |
| Operating profit (loss) | 9901 | -€28,878 | -€64,350 | -€35,472 | -122.8% |
| Financial income | 75/76B | €24,213 | €27,488 | +€3,275 | +13.5% |
| Recurring financial income | 75 | €24,213 | €27,488 | +€3,275 | +13.5% |
| Financial charges | 65/66B | €6 | €106 | +€100 | +1561.3% |
| Recurring financial charges | 65 | €6 | €106 | +€100 | +1561.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,671 | -€36,967 | -€32,297 | -691.5% |
| Income taxes | 67/77 | €140 | -€140 | -€279 | |
| Profit (loss) for the period | 9904 | -€4,810 | -€36,828 | -€32,018 | -665.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,810 | -€36,828 | -€32,018 | -665.6% |
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 10 October 2026 via checked.be.