HanXelle: 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.
HanXelle
Largest movements
- Current investments +€123,087
up €123,087 (+238%), from €51,801 to €174,888
- Cash -€62,518
down €62,518 (-48.0%), from €130,254 to €67,736
mainly Other debts (-€171,436) and Current investments (-€123,087)
- Receivables within one year -€12,211
down €12,211 (-11.7%), from €104,393 to €92,183
of which Trade receivables: -€12,211
- Reserves +€211,973
up €211,973 (+395%), from €53,698 to €265,670
- Other debts -€171,436
down €171,436 (-79.9%), from €214,669 to €43,232
- Tax, wage and social debts +€11,453
up €11,453 (+85.3%), from €13,434 to €24,887
- Gross operating margin +€82,853
up €82,853 (+31.1%), from €266,022 to €348,875
- Taxes +€23,649
up €23,649 (+40.1%), from €58,971 to €82,621
- Financial charges -€15,963
down €15,963 (-87.1%), from €18,328 to €2,364
- Financial income -€5,783
down €5,783 (-97.8%), from €5,913 to €130
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 | €290,323 | €340,131 | +€49,808 | +17.2% |
| Fixed assets | 21/28 | €3,874 | €3,895 | +€21 | +0.5% |
| Tangible fixed assets | 22/27 | €3,874 | €3,895 | +€21 | +0.5% |
| Furniture and vehicles | 24 | €1,202 | €1,589 | +€387 | +32.2% |
| Other tangible fixed assets | 26 | €2,672 | €2,306 | -€366 | -13.7% |
| Current assets | 29/58 | €286,449 | €336,236 | +€49,787 | +17.4% |
| Amounts receivable within one year | 40/41 | €104,393 | €92,183 | -€12,211 | -11.7% |
| Trade receivables | 40 | €97,593 | €85,382 | -€12,211 | -12.5% |
| Other amounts receivable | 41 | €6,801 | €6,801 | = | 0.0% |
| Current investments | 50/53 | €51,801 | €174,888 | +€123,087 | +238% |
| Cash at bank and in hand | 54/58 | €130,254 | €67,736 | -€62,518 | -48.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,429 | +€1,429 | |
| Total equity and liabilities | 10/49 | €290,323 | €340,131 | +€49,808 | +17.2% |
| Equity | 10/15 | €58,698 | €270,670 | +€211,973 | +361% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,698 | €265,670 | +€211,973 | +395% |
| Distributable reserves | 133 | €53,698 | €265,670 | +€211,973 | +395% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €231,625 | €69,461 | -€162,164 | -70.0% |
| Amounts payable within one year | 42/48 | €231,625 | €69,461 | -€162,164 | -70.0% |
| Trade debts | 44 | €3,523 | €1,342 | -€2,181 | -61.9% |
| Suppliers | 440/4 | €3,523 | €1,342 | -€2,181 | -61.9% |
| Taxes, remuneration and social security | 45 | €13,434 | €24,887 | +€11,453 | +85.3% |
| Taxes | 450/3 | €13,434 | €24,887 | +€11,453 | +85.3% |
| Other amounts payable | 47/48 | €214,669 | €43,232 | -€171,436 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €851 | €1,085 | +€234 | +27.5% |
| Other operating charges | 640/8 | €962 | €962 | +€0 | 0.0% |
| Gross operating margin | 9900 | €266,022 | €348,875 | +€82,853 | +31.1% |
| Operating profit (loss) | 9901 | €264,209 | €346,828 | +€82,618 | +31.3% |
| Financial income | 75/76B | €5,913 | €130 | -€5,783 | -97.8% |
| Recurring financial income | 75 | €5,913 | €130 | -€5,783 | -97.8% |
| Financial charges | 65/66B | €18,328 | €2,364 | -€15,963 | -87.1% |
| Recurring financial charges | 65 | €18,328 | €2,364 | -€15,963 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €251,795 | €344,593 | +€92,799 | +36.9% |
| Income taxes | 67/77 | €58,971 | €82,621 | +€23,649 | +40.1% |
| Profit (loss) for the period | 9904 | €192,823 | €261,973 | +€69,149 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €192,823 | €261,973 | +€69,149 | +35.9% |
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 22 October 2026 via checked.be.