HEX42: 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.
HEX42
Largest movements
- Stocks and contracts +€19,115
new in 2025: €19,115
- Cash +€18,664
up €18,664 (+18.7%), from €99,981 to €118,645
mainly Other debts (+€98,595) and Net result for the year (+€50,853)
- Tangible fixed assets +€16,758
up €16,758 (+872%), from €1,923 to €18,681
of which Plant, machinery and equipment: +€17,846
- Receivables within one year +€1,901
up €1,901 (+11.3%), from €16,770 to €18,671
- Other debts +€98,595
up €98,595 (+1,052%), from €9,368 to €107,963
- Profit (loss) carried forward -€49,688
no longer reported in 2025 (was €49,688)
- Tax, wage and social debts +€8,007
up €8,007 (+61.5%), from €13,017 to €21,024
- Gross operating margin +€5,098
up €5,098 (+7.9%), from €64,737 to €69,836
- Taxes +€2,216
up €2,216 (+18.0%), from €12,339 to €14,555
- Depreciation +€1,782
up €1,782 (+164%), from €1,088 to €2,870
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 | €118,674 | €175,113 | +€56,438 | +47.6% |
| Fixed assets | 21/28 | €1,923 | €18,681 | +€16,758 | +872% |
| Tangible fixed assets | 22/27 | €1,923 | €18,681 | +€16,758 | +872% |
| Plant, machinery and equipment | 23 | - | €17,846 | +€17,846 | |
| Furniture and vehicles | 24 | €1,923 | €835 | -€1,088 | -56.6% |
| Current assets | 29/58 | €116,752 | €156,431 | +€39,680 | +34.0% |
| Stocks and contracts in progress | 3 | - | €19,115 | +€19,115 | |
| Stocks | 30/36 | - | €19,115 | +€19,115 | |
| Amounts receivable within one year | 40/41 | €16,770 | €18,671 | +€1,901 | +11.3% |
| Trade receivables | 40 | €16,770 | €18,671 | +€1,901 | +11.3% |
| Cash at bank and in hand | 54/58 | €99,981 | €118,645 | +€18,664 | +18.7% |
| Total equity and liabilities | 10/49 | €118,674 | €175,113 | +€56,438 | +47.6% |
| Equity | 10/15 | €86,260 | €36,572 | -€49,688 | -57.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €32,572 | €32,572 | = | 0.0% |
| Distributable reserves | 133 | €32,572 | €32,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,688 | - | -€49,688 | |
| Amounts payable | 17/49 | €32,414 | €138,540 | +€106,126 | +327% |
| Amounts payable within one year | 42/48 | €32,414 | €138,540 | +€106,126 | +327% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Trade debts | 44 | €5,028 | €5,553 | +€524 | +10.4% |
| Suppliers | 440/4 | €5,028 | €5,553 | +€524 | +10.4% |
| Taxes, remuneration and social security | 45 | €13,017 | €21,024 | +€8,007 | +61.5% |
| Taxes | 450/3 | €13,017 | €21,024 | +€8,007 | +61.5% |
| Other amounts payable | 47/48 | €9,368 | €107,963 | +€98,595 | +1,052% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €2,870 | +€1,782 | +164% |
| Other operating charges | 640/8 | €244 | €101 | -€143 | -58.7% |
| Gross operating margin | 9900 | €64,737 | €69,836 | +€5,098 | +7.9% |
| Operating profit (loss) | 9901 | €63,405 | €66,864 | +€3,459 | +5.5% |
| Financial income | 75/76B | €100 | €36 | -€64 | -64.1% |
| Recurring financial income | 75 | €100 | €36 | -€64 | -64.1% |
| Financial charges | 65/66B | €1,478 | €1,493 | +€15 | +1.0% |
| Recurring financial charges | 65 | €1,478 | €1,493 | +€15 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €62,027 | €65,408 | +€3,381 | +5.5% |
| Income taxes | 67/77 | €12,339 | €14,555 | +€2,216 | +18.0% |
| Profit (loss) for the period | 9904 | €49,688 | €50,853 | +€1,165 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,688 | €50,853 | +€1,165 | +2.3% |
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 27 October 2026 via checked.be.