HEXA PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€5,293
up €5,293 (+278.2%), from €1,903 to €7,196
of which Trade receivables: +€4,637
- Cash +€3,243
up €3,243 (+10.0%), from €32,546 to €35,788
mainly Other debts (+€25,467) and Net result for the year (+€5,899)
- Receivables after one year +€2,500
up €2,500 (+67.8%), from €3,689 to €6,189
- Tangible fixed assets -€1,577
down €1,577 (-68.4%), from €2,306 to €729
of which Plant, machinery and equipment: -€932
- Other debts +€25,467
up €25,467, from €0 to €25,467
- Reserves -€18,968
down €18,968 (-62.3%), from €30,436 to €11,468
- Trade debts +€3,623
up €3,623 (+398.5%), from €909 to €4,533
- Gross operating margin -€7,616
down €7,616 (-19.1%), from €39,885 to €32,269
- Staff costs +€3,060
up €3,060 (+20.3%), from €15,040 to €18,100
- Taxes -€2,077
down €2,077 (-42.4%), from €4,904 to €2,826
- Depreciation -€588
down €588 (-27.2%), from €2,165 to €1,577
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.
Cash bridge derived
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 | €42,182 | €51,984 | +€9,802 | +23.2% |
| Fixed assets | 21/28 | €2,306 | €729 | -€1,577 | -68.4% |
| Tangible fixed assets | 22/27 | €2,306 | €729 | -€1,577 | -68.4% |
| Plant, machinery and equipment | 23 | €1,442 | €510 | -€932 | -64.6% |
| Furniture and vehicles | 24 | €864 | €219 | -€645 | -74.6% |
| Current assets | 29/58 | €39,876 | €51,255 | +€11,379 | +28.5% |
| Amounts receivable after more than one year | 29 | €3,689 | €6,189 | +€2,500 | +67.8% |
| Other amounts receivable | 291 | €3,689 | €6,189 | +€2,500 | +67.8% |
| Amounts receivable within one year | 40/41 | €1,903 | €7,196 | +€5,293 | +278.2% |
| Trade receivables | 40 | €1,385 | €6,022 | +€4,637 | +334.9% |
| Other amounts receivable | 41 | €518 | €1,174 | +€656 | +126.7% |
| Cash at bank and in hand | 54/58 | €32,546 | €35,788 | +€3,243 | +10.0% |
| Deferred charges and accrued income | 490/1 | €1,738 | €2,081 | +€343 | +19.7% |
| Total equity and liabilities | 10/49 | €42,182 | €51,984 | +€9,802 | +23.2% |
| Equity | 10/15 | €36,636 | €17,668 | -€18,968 | -51.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,436 | €11,468 | -€18,968 | -62.3% |
| Distributable reserves | 133 | €30,436 | €11,468 | -€18,968 | -62.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,545 | €34,316 | +€28,771 | +518.8% |
| Amounts payable within one year | 42/48 | €5,545 | €34,316 | +€28,771 | +518.8% |
| Trade debts | 44 | €909 | €4,533 | +€3,623 | +398.5% |
| Suppliers | 440/4 | €909 | €4,533 | +€3,623 | +398.5% |
| Taxes, remuneration and social security | 45 | €4,636 | €4,317 | -€320 | -6.9% |
| Taxes | 450/3 | €4,636 | €4,093 | -€543 | -11.7% |
| Remuneration and social security | 454/9 | €0 | €223 | +€223 | |
| Other amounts payable | 47/48 | €0 | €25,467 | +€25,467 | |
| Non-recurring operating income | 76A | €0 | €4,583 | +€4,583 | |
| Remuneration, social security and pensions | 62 | €15,040 | €18,100 | +€3,060 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,165 | €1,577 | -€588 | -27.2% |
| Other operating charges | 640/8 | €2,128 | €2,246 | +€118 | +5.5% |
| Gross operating margin | 9900 | €39,885 | €32,269 | -€7,616 | -19.1% |
| Operating profit (loss) | 9901 | €20,552 | €10,346 | -€10,206 | -49.7% |
| Financial income | 75/76B | €564 | €389 | -€175 | -31.1% |
| Recurring financial income | 75 | €564 | €389 | -€175 | -31.1% |
| Financial charges | 65/66B | €2,355 | €2,009 | -€346 | -14.7% |
| Recurring financial charges | 65 | €2,355 | €2,009 | -€346 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €18,761 | €8,725 | -€10,035 | -53.5% |
| Income taxes | 67/77 | €4,904 | €2,826 | -€2,077 | -42.4% |
| Profit (loss) for the period | 9904 | €13,857 | €5,899 | -€7,958 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,857 | €5,899 | -€7,958 | -57.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.