H'ppy: 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.
H'ppy
Largest movements
- Stocks and contracts +€590,336
new in 2026: €590,336
- Receivables within one year +€332,815
up €332,815 (+2,467%), from €13,492 to €346,306
of which Other amounts receivable: +€332,815
- Current investments +€200,000
up €200,000 (+133%), from €150,000 to €350,000
- Cash -€37,965
down €37,965 (-18.1%), from €209,526 to €171,561
mainly Stocks and contracts (-€590,336) and Receivables within one year (-€332,815)
- Financial fixed assets +€31,000
new in 2026: €31,000
- Reserves +€1.3m
up €1.3m (+1,645%), from €80,195 to €1.4m
- Other debts -€209,296
down €209,296 (-78.4%), from €266,988 to €57,692
- Financial income +€1.2m
up €1.2m (+518,809%), from €241 to €1.3m
- Gross operating margin +€10,757
up €10,757 (+14.1%), from €76,520 to €87,277
- Taxes +€1,804
up €1,804 (+11.6%), from €15,600 to €17,404
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,017 | €1,489,204 | +€1.1m | +299% |
| Fixed assets | 21/28 | - | €31,000 | +€31,000 | |
| Financial fixed assets | 28 | - | €31,000 | +€31,000 | |
| Current assets | 29/58 | €373,017 | €1,458,204 | +€1.1m | +291% |
| Stocks and contracts in progress | 3 | - | €590,336 | +€590,336 | |
| Stocks | 30/36 | - | €590,336 | +€590,336 | |
| Amounts receivable within one year | 40/41 | €13,492 | €346,306 | +€332,815 | +2,467% |
| Trade receivables | 40 | €13,492 | €13,492 | = | 0.0% |
| Other amounts receivable | 41 | - | €332,815 | +€332,815 | |
| Current investments | 50/53 | €150,000 | €350,000 | +€200,000 | +133% |
| Cash at bank and in hand | 54/58 | €209,526 | €171,561 | -€37,965 | -18.1% |
| Total equity and liabilities | 10/49 | €373,017 | €1,489,204 | +€1.1m | +299% |
| Equity | 10/15 | €83,195 | €1,402,505 | +€1.3m | +1,586% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,195 | €1,399,505 | +€1.3m | +1,645% |
| Distributable reserves | 133 | €80,195 | €1,399,505 | +€1.3m | +1,645% |
| Amounts payable | 17/49 | €289,822 | €86,699 | -€203,124 | -70.1% |
| Amounts payable within one year | 42/48 | €289,354 | €86,699 | -€202,655 | -70.0% |
| Trade debts | 44 | - | €3,183 | +€3,183 | |
| Suppliers | 440/4 | - | €3,183 | +€3,183 | |
| Taxes, remuneration and social security | 45 | €22,366 | €25,823 | +€3,457 | +15.5% |
| Taxes | 450/3 | €22,366 | €25,823 | +€3,457 | +15.5% |
| Other amounts payable | 47/48 | €266,988 | €57,692 | -€209,296 | -78.4% |
| Accrued charges and deferred income | 492/3 | €469 | - | -€469 | |
| Other operating charges | 640/8 | €505 | €532 | +€27 | +5.3% |
| Gross operating margin | 9900 | €76,520 | €87,277 | +€10,757 | +14.1% |
| Operating profit (loss) | 9901 | €76,015 | €86,744 | +€10,730 | +14.1% |
| Financial income | 75/76B | €241 | €1,250,000 | +€1.2m | +518,809% |
| Recurring financial income | 75 | €241 | €1,250,000 | +€1.2m | +518,809% |
| Financial charges | 65/66B | €508 | €30 | -€478 | -94.1% |
| Recurring financial charges | 65 | €508 | €30 | -€478 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €75,748 | €1,336,714 | +€1.3m | +1,665% |
| Income taxes | 67/77 | €15,600 | €17,404 | +€1,804 | +11.6% |
| Profit (loss) for the period | 9904 | €60,148 | €1,319,310 | +€1.3m | +2,093% |
| Profit (loss) for the period to be appropriated | 9905 | €60,148 | €1,319,310 | +€1.3m | +2,093% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.