Hexa Fund Management: 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.
Hexa Fund Management
Largest movements
- Cash -€86,038
down €86,038 (-37.1%), from €231,772 to €145,734
mainly Trade debts (-€162,329) and Investment in fixed assets (net) (-€22,500)
- Financial fixed assets +€22,500
new in 2025: €22,500
- Receivables within one year +€8,998
up €8,998 (+581%), from €1,548 to €10,547
of which Other amounts receivable: +€8,998
- Trade debts -€162,329
down €162,329 (-77.4%), from €209,723 to €47,394
- Profit (loss) carried forward +€101,427
up €101,427, from -€1,266 to €100,161
- Tax, wage and social debts +€6,362
up €6,362 (+42.8%), from €14,863 to €21,225
- Gross operating margin +€157,852
up €157,852, from -€35,256 to €122,596
- Taxes +€18,725
up €18,725, from €0 to €18,725
- Other operating charges +€1,761
up €1,761 (+1,669%), from €106 to €1,867
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 | €233,320 | €178,781 | -€54,540 | -23.4% |
| Fixed assets | 21/28 | - | €22,500 | +€22,500 | |
| Financial fixed assets | 28 | - | €22,500 | +€22,500 | |
| Current assets | 29/58 | €233,320 | €156,281 | -€77,040 | -33.0% |
| Amounts receivable within one year | 40/41 | €1,548 | €10,547 | +€8,998 | +581% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,548 | €10,547 | +€8,998 | +581% |
| Cash at bank and in hand | 54/58 | €231,772 | €145,734 | -€86,038 | -37.1% |
| Total equity and liabilities | 10/49 | €233,320 | €178,781 | -€54,540 | -23.4% |
| Equity | 10/15 | €8,734 | €110,161 | +€101,427 | +1,161% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,266 | €100,161 | +€101,427 | |
| Amounts payable | 17/49 | €224,586 | €68,619 | -€155,967 | -69.4% |
| Amounts payable within one year | 42/48 | €224,586 | €68,619 | -€155,967 | -69.4% |
| Trade debts | 44 | €209,723 | €47,394 | -€162,329 | -77.4% |
| Suppliers | 440/4 | €209,723 | €47,394 | -€162,329 | -77.4% |
| Taxes, remuneration and social security | 45 | €14,863 | €21,225 | +€6,362 | +42.8% |
| Taxes | 450/3 | €14,863 | €21,225 | +€6,362 | +42.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €106 | €1,867 | +€1,761 | +1,669% |
| Gross operating margin | 9900 | -€35,256 | €122,596 | +€157,852 | |
| Operating profit (loss) | 9901 | -€35,361 | €120,729 | +€156,091 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €495 | €577 | +€82 | +16.7% |
| Recurring financial charges | 65 | €495 | €577 | +€82 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,856 | €120,152 | +€156,008 | |
| Income taxes | 67/77 | €0 | €18,725 | +€18,725 | |
| Profit (loss) for the period | 9904 | -€35,856 | €101,427 | +€137,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,856 | €101,427 | +€137,283 |
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 25 October 2026 via checked.be.