HECTOGON: 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.
HECTOGON
Largest movements
- Receivables within one year +€27,204
up €27,204 (+173%), from €15,681 to €42,885
of which Trade receivables: +€29,457
- Cash -€22,774
down €22,774 (-61.6%), from €36,987 to €14,214
mainly Receivables within one year (-€27,204) and Tax, wage and social debts (-€9,818)
- Current investments +€5,500
up €5,500 (+156%), from €3,533 to €9,033
- Tangible fixed assets -€4,373
down €4,373 (-17.3%), from €25,240 to €20,867
of which Plant, machinery and equipment: -€3,004
- Deferred charges and accrued income -€1,146
down €1,146 (-100%), from €1,146 to €0
- Tax, wage and social debts -€9,818
down €9,818 (-66.1%), from €14,856 to €5,038
- Other debts +€8,000
up €8,000, from €0 to €8,000
- Trade debts +€7,599
up €7,599 (+283%), from €2,689 to €10,287
- Reserves -€1,369
down €1,369 (-2.4%), from €56,993 to €55,624
- Gross operating margin -€26,097
down €26,097 (-60.2%), from €43,315 to €17,219
- Taxes -€7,708
down €7,708 (-69.2%), from €11,145 to €3,437
- Depreciation +€1,062
up €1,062 (+17.6%), from €6,044 to €7,106
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 | €82,588 | €86,999 | +€4,411 | +5.3% |
| Fixed assets | 21/28 | €25,240 | €20,867 | -€4,373 | -17.3% |
| Tangible fixed assets | 22/27 | €25,240 | €20,867 | -€4,373 | -17.3% |
| Land and buildings | 22 | €11,504 | €9,884 | -€1,620 | -14.1% |
| Plant, machinery and equipment | 23 | €10,722 | €7,718 | -€3,004 | -28.0% |
| Furniture and vehicles | 24 | €3,014 | €3,264 | +€250 | +8.3% |
| Current assets | 29/58 | €57,348 | €66,132 | +€8,785 | +15.3% |
| Amounts receivable within one year | 40/41 | €15,681 | €42,885 | +€27,204 | +173% |
| Trade receivables | 40 | €6,050 | €35,507 | +€29,457 | +487% |
| Other amounts receivable | 41 | €9,631 | €7,379 | -€2,253 | -23.4% |
| Current investments | 50/53 | €3,533 | €9,033 | +€5,500 | +156% |
| Cash at bank and in hand | 54/58 | €36,987 | €14,214 | -€22,774 | -61.6% |
| Deferred charges and accrued income | 490/1 | €1,146 | €0 | -€1,146 | -100% |
| Total equity and liabilities | 10/49 | €82,588 | €86,999 | +€4,411 | +5.3% |
| Equity | 10/15 | €65,043 | €63,674 | -€1,369 | -2.1% |
| Contributions | 10/11 | €8,050 | €8,050 | = | 0.0% |
| Reserves | 13 | €56,993 | €55,624 | -€1,369 | -2.4% |
| Distributable reserves | 133 | €56,993 | €55,624 | -€1,369 | -2.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,544 | €23,325 | +€5,781 | +32.9% |
| Amounts payable within one year | 42/48 | €17,544 | €23,325 | +€5,781 | +32.9% |
| Trade debts | 44 | €2,689 | €10,287 | +€7,599 | +283% |
| Suppliers | 440/4 | €2,689 | €10,287 | +€7,599 | +283% |
| Taxes, remuneration and social security | 45 | €14,856 | €5,038 | -€9,818 | -66.1% |
| Taxes | 450/3 | €14,856 | €5,038 | -€9,818 | -66.1% |
| Other amounts payable | 47/48 | €0 | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,044 | €7,106 | +€1,062 | +17.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €43,315 | €17,219 | -€26,097 | -60.2% |
| Operating profit (loss) | 9901 | €36,884 | €9,713 | -€27,170 | -73.7% |
| Financial income | 75/76B | €107 | €452 | +€346 | +324% |
| Recurring financial income | 75 | €107 | €452 | +€346 | +324% |
| Financial charges | 65/66B | €170 | €98 | -€72 | -42.5% |
| Recurring financial charges | 65 | €170 | €98 | -€72 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €36,820 | €10,068 | -€26,753 | -72.7% |
| Income taxes | 67/77 | €11,145 | €3,437 | -€7,708 | -69.2% |
| Profit (loss) for the period | 9904 | €25,675 | €6,631 | -€19,045 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,675 | €6,631 | -€19,045 | -74.2% |
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 15 October 2026 via checked.be.