HRPPINESS: 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.
HRPPINESS
Largest movements
- Receivables within one year +€12,944
up €12,944 (+84.4%), from €15,341 to €28,285
of which Trade receivables: +€8,576
- Cash +€8,964
up €8,964 (+4890.0%), from €183 to €9,148
mainly Contributions, distributions and other (+€11,303) and Net result for the year (+€7,767)
- Tangible fixed assets -€424
down €424 (-58.0%), from €730 to €307
of which Furniture and vehicles: -€302
- Profit (loss) carried forward +€19,070
up €19,070, from -€1,403 to €17,667
- Tax, wage and social debts +€5,181
up €5,181 (+50.2%), from €10,317 to €15,497
- Trade debts -€2,448
down €2,448 (-53.8%), from €4,551 to €2,103
- Current portion of long-term debt -€565
no longer reported in 2025 (was €565)
- Gross operating margin +€14,584
up €14,584, from -€486 to €14,098
- Taxes +€3,891
up €3,891 (+313.7%), from €1,240 to €5,132
- Other operating charges -€943
down €943 (-96.7%), from €975 to €33
- Financial income +€509
up €509 (+79.6%), from €640 to €1,149
- Financial charges +€465
up €465 (+32.5%), from €1,428 to €1,892
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 | €16,529 | €37,767 | +€21,238 | +128.5% |
| Fixed assets | 21/28 | €730 | €307 | -€424 | -58.0% |
| Tangible fixed assets | 22/27 | €730 | €307 | -€424 | -58.0% |
| Plant, machinery and equipment | 23 | €121 | - | -€121 | |
| Furniture and vehicles | 24 | €609 | €307 | -€302 | -49.7% |
| Current assets | 29/58 | €15,798 | €37,460 | +€21,662 | +137.1% |
| Amounts receivable within one year | 40/41 | €15,341 | €28,285 | +€12,944 | +84.4% |
| Trade receivables | 40 | €58 | €8,634 | +€8,576 | +14750.4% |
| Other amounts receivable | 41 | €15,283 | €19,651 | +€4,369 | +28.6% |
| Cash at bank and in hand | 54/58 | €183 | €9,148 | +€8,964 | +4890.0% |
| Deferred charges and accrued income | 490/1 | €274 | €27 | -€247 | -90.0% |
| Total equity and liabilities | 10/49 | €16,529 | €37,767 | +€21,238 | +128.5% |
| Equity | 10/15 | €1,097 | €20,167 | +€19,070 | +1738.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,403 | €17,667 | +€19,070 | |
| Amounts payable | 17/49 | €15,432 | €17,600 | +€2,168 | +14.0% |
| Amounts payable within one year | 42/48 | €15,432 | €17,600 | +€2,168 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €565 | - | -€565 | |
| Trade debts | 44 | €4,551 | €2,103 | -€2,448 | -53.8% |
| Suppliers | 440/4 | €4,551 | €2,103 | -€2,448 | -53.8% |
| Taxes, remuneration and social security | 45 | €10,317 | €15,497 | +€5,181 | +50.2% |
| Taxes | 450/3 | €10,317 | €15,497 | +€5,181 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €424 | -€69 | -13.9% |
| Other operating charges | 640/8 | €975 | €33 | -€943 | -96.7% |
| Gross operating margin | 9900 | -€486 | €14,098 | +€14,584 | |
| Operating profit (loss) | 9901 | -€1,954 | €13,642 | +€15,596 | |
| Financial income | 75/76B | €640 | €1,149 | +€509 | +79.6% |
| Recurring financial income | 75 | €640 | €1,149 | +€509 | +79.6% |
| Financial charges | 65/66B | €1,428 | €1,892 | +€465 | +32.5% |
| Recurring financial charges | 65 | €1,428 | €1,892 | +€465 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,741 | €12,899 | +€15,640 | |
| Income taxes | 67/77 | €1,240 | €5,132 | +€3,891 | +313.7% |
| Profit (loss) for the period | 9904 | -€3,982 | €7,767 | +€11,749 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,982 | €7,767 | +€11,749 |
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 6 October 2026 via checked.be.