SO TERRE HAPPY: 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.
SO TERRE HAPPY
Largest movements
- Cash +€13,618
up €13,618 (+95.3%), from €14,289 to €27,908
mainly Depreciation (+€23,312) and Net result for the year (+€6,953)
- Intangible fixed assets -€13,300
down €13,300 (-12.9%), from €103,075 to €89,775
- Tangible fixed assets -€10,012
down €10,012 (-29.0%), from €34,533 to €24,522
of which Leasing and similar rights: -€8,362
- Debts after one year -€18,716
down €18,716 (-35.6%), from €52,600 to €33,883
- Other debts -€7,329
down €7,329 (-9.4%), from €77,929 to €70,600
- Profit (loss) carried forward +€6,953
up €6,953, from -€70 to €6,882
- Trade debts +€5,981
up €5,981 (+673%), from €888 to €6,869
- Current portion of long-term debt +€2,867
up €2,867 (+20.7%), from €13,861 to €16,728
- Gross operating margin +€8,051
up €8,051 (+26.4%), from €30,462 to €38,513
- Taxes +€1,800
up €1,800 (+203%), from €887 to €2,687
- Financial charges -€643
down €643 (-18.2%), from €3,525 to €2,882
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 | €152,185 | €143,703 | -€8,481 | -5.6% |
| Fixed assets | 21/28 | €137,608 | €114,297 | -€23,312 | -16.9% |
| Intangible fixed assets | 21 | €103,075 | €89,775 | -€13,300 | -12.9% |
| Tangible fixed assets | 22/27 | €34,533 | €24,522 | -€10,012 | -29.0% |
| Plant, machinery and equipment | 23 | €438 | €188 | -€250 | -57.1% |
| Furniture and vehicles | 24 | €1,881 | €482 | -€1,399 | -74.4% |
| Leasing and similar rights | 25 | €32,214 | €23,852 | -€8,362 | -26.0% |
| Current assets | 29/58 | €14,577 | €29,407 | +€14,830 | +102% |
| Amounts receivable within one year | 40/41 | €36 | €169 | +€133 | +374% |
| Trade receivables | 40 | €36 | €166 | +€131 | +367% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €14,289 | €27,908 | +€13,618 | +95.3% |
| Deferred charges and accrued income | 490/1 | €251 | €1,330 | +€1,079 | +429% |
| Total equity and liabilities | 10/49 | €152,185 | €143,703 | -€8,481 | -5.6% |
| Equity | 10/15 | €4,930 | €11,882 | +€6,953 | +141% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70 | €6,882 | +€6,953 | |
| Amounts payable | 17/49 | €147,255 | €131,821 | -€15,434 | -10.5% |
| Amounts payable after more than one year | 17 | €52,600 | €33,883 | -€18,716 | -35.6% |
| Financial debts | 170/4 | €52,600 | €33,883 | -€18,716 | -35.6% |
| Amounts payable within one year | 42/48 | €94,655 | €97,875 | +€3,220 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €13,861 | €16,728 | +€2,867 | +20.7% |
| Trade debts | 44 | €888 | €6,869 | +€5,981 | +673% |
| Suppliers | 440/4 | €888 | €6,869 | +€5,981 | +673% |
| Taxes, remuneration and social security | 45 | €1,978 | €3,678 | +€1,700 | +86.0% |
| Taxes | 450/3 | €1,978 | €3,678 | +€1,700 | +86.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €77,929 | €70,600 | -€7,329 | -9.4% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Remuneration, social security and pensions | 62 | - | €43 | +€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,316 | €23,312 | -€5 | 0.0% |
| Other operating charges | 640/8 | €2,597 | €2,648 | +€50 | +1.9% |
| Gross operating margin | 9900 | €30,462 | €38,513 | +€8,051 | +26.4% |
| Operating profit (loss) | 9901 | €4,549 | €12,511 | +€7,962 | +175% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €3,525 | €2,882 | -€643 | -18.2% |
| Recurring financial charges | 65 | €3,525 | €2,882 | -€643 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €1,024 | €9,639 | +€8,615 | +841% |
| Income taxes | 67/77 | €887 | €2,687 | +€1,800 | +203% |
| Profit (loss) for the period | 9904 | €137 | €6,953 | +€6,815 | +4,959% |
| Profit (loss) for the period to be appropriated | 9905 | €137 | €6,953 | +€6,815 | +4,959% |
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 29 October 2026 via checked.be.