Happysage: 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.
Happysage
Largest movements
- Intangible fixed assets -€4,500
down €4,500 (-11.1%), from €40,500 to €36,000
- Other debts +€16,388
up €16,388 (+57.3%), from €28,589 to €44,977
- Profit (loss) carried forward -€14,391
down €14,391 (-88.8%), from -€16,200 to -€30,591
- Debts after one year -€9,059
down €9,059 (-21.1%), from €42,934 to €33,876
- Short-term financial debts +€1,680
new in 2025: €1,680
- Gross operating margin -€2,592
down €2,592 (-80.6%), from -€3,215 to -€5,807
- Other operating charges -€467
down €467 (-48.7%), from €959 to €492
- Financial charges -€459
down €459 (-13.3%), from €3,443 to €2,984
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 | €67,075 | €61,578 | -€5,498 | -8.2% |
| Formation expenses | 20 | €1,304 | €652 | -€652 | -50.0% |
| Fixed assets | 21/28 | €43,866 | €39,366 | -€4,500 | -10.3% |
| Intangible fixed assets | 21 | €40,500 | €36,000 | -€4,500 | -11.1% |
| Financial fixed assets | 28 | €3,366 | €3,366 | = | 0.0% |
| Current assets | 29/58 | €21,906 | €21,560 | -€346 | -1.6% |
| Stocks and contracts in progress | 3 | €19,441 | €18,964 | -€477 | -2.5% |
| Stocks | 30/36 | €19,441 | €18,964 | -€477 | -2.5% |
| Amounts receivable within one year | 40/41 | €424 | €301 | -€123 | -29.0% |
| Trade receivables | 40 | €424 | €301 | -€123 | -29.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €447 | €358 | -€90 | -20.0% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,937 | +€344 | +21.6% |
| Total equity and liabilities | 10/49 | €67,075 | €61,578 | -€5,498 | -8.2% |
| Equity | 10/15 | -€16,089 | -€30,480 | -€14,391 | -89.4% |
| Contributions | 10/11 | €111 | €111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,200 | -€30,591 | -€14,391 | -88.8% |
| Amounts payable | 17/49 | €83,164 | €92,057 | +€8,893 | +10.7% |
| Amounts payable after more than one year | 17 | €42,934 | €33,876 | -€9,059 | -21.1% |
| Financial debts | 170/4 | €42,934 | €33,876 | -€9,059 | -21.1% |
| Amounts payable within one year | 42/48 | €40,198 | €58,150 | +€17,952 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €8,552 | €9,059 | +€506 | +5.9% |
| Financial debts | 43 | - | €1,680 | +€1,680 | |
| Credit institutions | 430/8 | - | €1,680 | +€1,680 | |
| Trade debts | 44 | €1,480 | €1,446 | -€34 | -2.3% |
| Suppliers | 440/4 | €1,480 | €1,446 | -€34 | -2.3% |
| Advances received on contracts in progress | 46 | €533 | €105 | -€428 | -80.3% |
| Taxes, remuneration and social security | 45 | €1,043 | €882 | -€161 | -15.4% |
| Taxes | 450/3 | €1,043 | €882 | -€161 | -15.4% |
| Other amounts payable | 47/48 | €28,589 | €44,977 | +€16,388 | +57.3% |
| Accrued charges and deferred income | 492/3 | €32 | €32 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,152 | €5,152 | = | 0.0% |
| Other operating charges | 640/8 | €959 | €492 | -€467 | -48.7% |
| Gross operating margin | 9900 | -€3,215 | -€5,807 | -€2,592 | -80.6% |
| Operating profit (loss) | 9901 | -€9,326 | -€11,450 | -€2,124 | -22.8% |
| Financial income | 75/76B | €1 | €43 | +€41 | +3204.7% |
| Recurring financial income | 75 | €1 | €43 | +€41 | +3204.7% |
| Financial charges | 65/66B | €3,443 | €2,984 | -€459 | -13.3% |
| Recurring financial charges | 65 | €3,443 | €2,984 | -€459 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,767 | -€14,391 | -€1,624 | -12.7% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€12,767 | -€14,391 | -€1,624 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,767 | -€14,391 | -€1,624 | -12.7% |
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 12 October 2026 via checked.be.