HAPPY HEART: 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.
HAPPY HEART
Largest movements
- Cash -€46,185
down €46,185 (-98.9%), from €46,718 to €533
mainly Contributions, distributions and other (-€129,668) and Receivables within one year (-€4,708)
- Stocks and contracts -€19,494
down €19,494 (-20.5%), from €94,969 to €75,474
- Receivables within one year +€4,708
up €4,708 (+72.3%), from €6,512 to €11,220
of which Other amounts receivable: +€7,273
- Profit (loss) carried forward -€99,539
down €99,539 (-76.8%), from €129,668 to €30,128
- Other debts +€20,842
up €20,842 (+24,079%), from €87 to €20,929
- Trade debts +€6,789
up €6,789 (+214%), from €3,169 to €9,958
- Tax, wage and social debts +€5,851
up €5,851 (+1,151%), from €508 to €6,360
- Short-term financial debts +€3,467
new in 2026: €3,467
- Gross operating margin -€50,761
down €50,761 (-56.4%), from €89,959 to €39,197
- Taxes -€7,981
down €7,981 (-50.7%), from €15,755 to €7,774
- Depreciation -€979
down €979 (-52.9%), from €1,852 to €873
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 | €152,032 | €89,443 | -€62,589 | -41.2% |
| Fixed assets | 21/28 | €1,523 | €650 | -€873 | -57.3% |
| Tangible fixed assets | 22/27 | €1,483 | €610 | -€873 | -58.9% |
| Furniture and vehicles | 24 | €1,433 | €610 | -€823 | -57.5% |
| Other tangible fixed assets | 26 | €49 | €0 | -€49 | -100% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €150,509 | €88,793 | -€61,716 | -41.0% |
| Stocks and contracts in progress | 3 | €94,969 | €75,474 | -€19,494 | -20.5% |
| Stocks | 30/36 | €94,969 | €75,474 | -€19,494 | -20.5% |
| Amounts receivable within one year | 40/41 | €6,512 | €11,220 | +€4,708 | +72.3% |
| Trade receivables | 40 | €3,553 | €988 | -€2,564 | -72.2% |
| Other amounts receivable | 41 | €2,959 | €10,232 | +€7,273 | +246% |
| Cash at bank and in hand | 54/58 | €46,718 | €533 | -€46,185 | -98.9% |
| Deferred charges and accrued income | 490/1 | €2,311 | €1,566 | -€745 | -32.3% |
| Total equity and liabilities | 10/49 | €152,032 | €89,443 | -€62,589 | -41.2% |
| Equity | 10/15 | €148,268 | €48,728 | -€99,539 | -67.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,668 | €30,128 | -€99,539 | -76.8% |
| Amounts payable | 17/49 | €3,764 | €40,714 | +€36,950 | +982% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,764 | €40,714 | +€36,950 | +982% |
| Financial debts | 43 | - | €3,467 | +€3,467 | |
| Credit institutions | 430/8 | - | €3,467 | +€3,467 | |
| Trade debts | 44 | €3,169 | €9,958 | +€6,789 | +214% |
| Suppliers | 440/4 | €3,169 | €9,958 | +€6,789 | +214% |
| Taxes, remuneration and social security | 45 | €508 | €6,360 | +€5,851 | +1,151% |
| Taxes | 450/3 | €508 | €6,360 | +€5,851 | +1,151% |
| Other amounts payable | 47/48 | €87 | €20,929 | +€20,842 | +24,079% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,852 | €873 | -€979 | -52.9% |
| Other operating charges | 640/8 | €660 | €823 | +€163 | +24.7% |
| Gross operating margin | 9900 | €89,959 | €39,197 | -€50,761 | -56.4% |
| Operating profit (loss) | 9901 | €87,447 | €37,502 | -€49,945 | -57.1% |
| Financial income | 75/76B | €948 | €284 | -€664 | -70.0% |
| Recurring financial income | 75 | €948 | €284 | -€664 | -70.0% |
| Financial charges | 65/66B | €196 | -€117 | -€313 | |
| Recurring financial charges | 65 | €196 | -€117 | -€313 | |
| Profit (loss) for the period before taxes | 9903 | €88,199 | €37,903 | -€50,296 | -57.0% |
| Income taxes | 67/77 | €15,755 | €7,774 | -€7,981 | -50.7% |
| Profit (loss) for the period | 9904 | €72,444 | €30,128 | -€42,315 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,444 | €30,128 | -€42,315 | -58.4% |
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 24 October 2026 via checked.be.