HEXA: what changed
Two fiscal 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.
HEXA
Largest movements
- Cash -€153,378
down €153,378 (-57.3%), from €267,610 to €114,231
mainly Current investments (-€125,000) and Investment in fixed assets (net) (-€107,644)
- Current investments +€125,000
new in 2024: €125,000
- Receivables within one year +€81,643
up €81,643 (+77.7%), from €105,098 to €186,741
of which Trade receivables: +€70,765
- Tangible fixed assets +€75,823
up €75,823 (+72.9%), from €103,963 to €179,787
of which Furniture and vehicles: +€81,929
- Reserves +€58,432
up €58,432 (+24.4%), from €239,107 to €297,539
- Debts after one year +€46,846
up €46,846 (+10.2%), from €460,000 to €506,846
- Current portion of long-term debt +€13,204
new in 2024: €13,204
- Gross operating margin +€47,577
up €47,577 (+32.0%), from €148,735 to €196,312
- Financial income -€29,271
down €29,271 (-78.5%), from €37,290 to €8,019
- Depreciation +€18,511
up €18,511 (+139.1%), from €13,310 to €31,821
- Financial charges +€12,164
up €12,164 (+46.1%), from €26,395 to €38,559
- Taxes +€3,307
up €3,307 (+8.3%), from €39,795 to €43,102
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,162,975 | €1,292,063 | +€129,087 | +11.1% |
| Fixed assets | 21/28 | €790,267 | €866,090 | +€75,823 | +9.6% |
| Tangible fixed assets | 22/27 | €103,963 | €179,787 | +€75,823 | +72.9% |
| Land and buildings | 22 | €75,680 | €71,180 | -€4,500 | -5.9% |
| Plant, machinery and equipment | 23 | €4,290 | €2,685 | -€1,606 | -37.4% |
| Furniture and vehicles | 24 | €23,993 | €105,922 | +€81,929 | +341.5% |
| Financial fixed assets | 28 | €686,304 | €686,304 | = | 0.0% |
| Current assets | 29/58 | €372,708 | €425,972 | +€53,264 | +14.3% |
| Amounts receivable within one year | 40/41 | €105,098 | €186,741 | +€81,643 | +77.7% |
| Trade receivables | 40 | €59,685 | €130,450 | +€70,765 | +118.6% |
| Other amounts receivable | 41 | €45,413 | €56,291 | +€10,878 | +24.0% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €267,610 | €114,231 | -€153,378 | -57.3% |
| Total equity and liabilities | 10/49 | €1,162,975 | €1,292,063 | +€129,087 | +11.1% |
| Equity | 10/15 | €643,323 | €701,755 | +€58,432 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,107 | €297,539 | +€58,432 | +24.4% |
| Distributable reserves | 133 | €239,107 | €297,539 | +€58,432 | +24.4% |
| Profit (loss) carried forward | 14 | €385,615 | €385,615 | = | 0.0% |
| Amounts payable | 17/49 | €519,653 | €590,308 | +€70,655 | +13.6% |
| Amounts payable after more than one year | 17 | €460,000 | €506,846 | +€46,846 | +10.2% |
| Financial debts | 170/4 | €460,000 | €506,846 | +€46,846 | +10.2% |
| Amounts payable within one year | 42/48 | €59,653 | €83,462 | +€23,809 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,204 | +€13,204 | |
| Trade debts | 44 | €94 | €693 | +€599 | +637.6% |
| Suppliers | 440/4 | €94 | €693 | +€599 | +637.6% |
| Taxes, remuneration and social security | 45 | €27,633 | €36,638 | +€9,005 | +32.6% |
| Taxes | 450/3 | €27,633 | €36,638 | +€9,005 | +32.6% |
| Other amounts payable | 47/48 | €31,925 | €32,927 | +€1,001 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,310 | €31,821 | +€18,511 | +139.1% |
| Other operating charges | 640/8 | €2,878 | €1,618 | -€1,260 | -43.8% |
| Gross operating margin | 9900 | €148,735 | €196,312 | +€47,577 | +32.0% |
| Operating profit (loss) | 9901 | €132,547 | €162,873 | +€30,326 | +22.9% |
| Financial income | 75/76B | €37,290 | €8,019 | -€29,271 | -78.5% |
| Recurring financial income | 75 | €37,290 | €8,019 | -€29,271 | -78.5% |
| Financial charges | 65/66B | €26,395 | €38,559 | +€12,164 | +46.1% |
| Recurring financial charges | 65 | €26,395 | €38,559 | +€12,164 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €143,442 | €132,334 | -€11,108 | -7.7% |
| Income taxes | 67/77 | €39,795 | €43,102 | +€3,307 | +8.3% |
| Profit (loss) for the period | 9904 | €103,647 | €89,232 | -€14,415 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,647 | €89,232 | -€14,415 | -13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.