N-HAPPART: 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.
N-HAPPART
Largest movements
- Tangible fixed assets -€75,506
down €75,506 (-11.9%), from €632,332 to €556,826
of which Other tangible fixed assets: -€41,043
- Receivables within one year -€50,670
down €50,670 (-98.9%), from €51,220 to €550
of which Trade receivables: -€51,220
- Profit (loss) carried forward -€120,647
down €120,647 (-47.2%), from -€255,501 to -€376,148
- Other debts +€61,000
up €61,000 (+7.3%), from €837,751 to €898,751
- Trade debts -€58,513
down €58,513 (-92.8%), from €63,082 to €4,568
- Gross operating margin -€36,009
down €36,009 (-55.3%), from €65,109 to €29,100
- Staff costs -€32,951
down €32,951 (-33.5%), from €98,393 to €65,442
- Other operating charges +€3,650
up €3,650 (+592%), from €617 to €4,267
- Financial charges -€3,195
down €3,195 (-97.1%), from €3,291 to €96
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 | €688,118 | €565,647 | -€122,471 | -17.8% |
| Fixed assets | 21/28 | €633,846 | €557,844 | -€76,002 | -12.0% |
| Intangible fixed assets | 21 | €1,514 | €1,018 | -€496 | -32.8% |
| Tangible fixed assets | 22/27 | €632,332 | €556,826 | -€75,506 | -11.9% |
| Plant, machinery and equipment | 23 | €87,303 | €56,762 | -€30,541 | -35.0% |
| Furniture and vehicles | 24 | €10,848 | €6,926 | -€3,922 | -36.2% |
| Other tangible fixed assets | 26 | €534,182 | €493,138 | -€41,043 | -7.7% |
| Current assets | 29/58 | €54,271 | €7,803 | -€46,469 | -85.6% |
| Amounts receivable within one year | 40/41 | €51,220 | €550 | -€50,670 | -98.9% |
| Trade receivables | 40 | €51,220 | €0 | -€51,220 | -100% |
| Other amounts receivable | 41 | €0 | €550 | +€550 | |
| Cash at bank and in hand | 54/58 | €3,052 | €2,539 | -€513 | -16.8% |
| Deferred charges and accrued income | 490/1 | €0 | €4,713 | +€4,713 | |
| Total equity and liabilities | 10/49 | €688,118 | €565,647 | -€122,471 | -17.8% |
| Equity | 10/15 | -€230,501 | -€351,148 | -€120,647 | -52.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,501 | -€376,148 | -€120,647 | -47.2% |
| Amounts payable | 17/49 | €918,618 | €916,795 | -€1,824 | -0.2% |
| Amounts payable within one year | 42/48 | €918,618 | €916,795 | -€1,824 | -0.2% |
| Trade debts | 44 | €63,082 | €4,568 | -€58,513 | -92.8% |
| Suppliers | 440/4 | €63,082 | €4,568 | -€58,513 | -92.8% |
| Taxes, remuneration and social security | 45 | €17,785 | €13,475 | -€4,310 | -24.2% |
| Taxes | 450/3 | €8,457 | €9,412 | +€955 | +11.3% |
| Remuneration and social security | 454/9 | €9,328 | €4,063 | -€5,266 | -56.4% |
| Other amounts payable | 47/48 | €837,751 | €898,751 | +€61,000 | +7.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €98,393 | €65,442 | -€32,951 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,808 | €79,942 | +€134 | +0.2% |
| Other operating charges | 640/8 | €617 | €4,267 | +€3,650 | +592% |
| Gross operating margin | 9900 | €65,109 | €29,100 | -€36,009 | -55.3% |
| Operating profit (loss) | 9901 | -€113,709 | -€120,551 | -€6,842 | -6.0% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €3,291 | €96 | -€3,195 | -97.1% |
| Recurring financial charges | 65 | €3,291 | €96 | -€3,195 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | -€116,966 | -€120,647 | -€3,681 | -3.1% |
| Profit (loss) for the period | 9904 | -€116,966 | -€120,647 | -€3,681 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,966 | -€120,647 | -€3,681 | -3.1% |
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 20 October 2026 via checked.be.