HEXAFAR: 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.
HEXAFAR
Largest movements
- Cash +€321,710
up €321,710 (+98.8%), from €325,552 to €647,262
mainly Current investments (+€250,000) and Net result for the year (+€72,178)
- Current investments -€250,000
down €250,000 (-45.5%), from €550,000 to €300,000
- Tangible fixed assets -€36,071
down €36,071 (-23.5%), from €153,755 to €117,684
of which Land and buildings: -€23,233
- Reserves +€72,178
up €72,178 (+11.1%), from €650,682 to €722,860
- Debts after one year -€27,828
down €27,828 (-17.5%), from €159,067 to €131,239
- Financial income -€22,129
down €22,129 (-43.1%), from €51,317 to €29,188
- Taxes -€2,655
down €2,655 (-9.3%), from €28,534 to €25,879
- Depreciation -€1,493
down €1,493 (-3.9%), from €38,571 to €37,079
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 | €1,932,479 | €1,962,199 | +€29,720 | +1.5% |
| Fixed assets | 21/28 | €1,031,044 | €994,973 | -€36,071 | -3.5% |
| Tangible fixed assets | 22/27 | €153,755 | €117,684 | -€36,071 | -23.5% |
| Land and buildings | 22 | €139,400 | €116,167 | -€23,233 | -16.7% |
| Furniture and vehicles | 24 | €13,267 | €973 | -€12,293 | -92.7% |
| Other tangible fixed assets | 26 | €1,088 | €544 | -€544 | -50.0% |
| Financial fixed assets | 28 | €877,290 | €877,290 | = | 0.0% |
| Current assets | 29/58 | €901,435 | €967,225 | +€65,790 | +7.3% |
| Amounts receivable within one year | 40/41 | €21,402 | €17,957 | -€3,444 | -16.1% |
| Trade receivables | 40 | €21,192 | €17,843 | -€3,349 | -15.8% |
| Other amounts receivable | 41 | €210 | €114 | -€96 | -45.6% |
| Current investments | 50/53 | €550,000 | €300,000 | -€250,000 | -45.5% |
| Cash at bank and in hand | 54/58 | €325,552 | €647,262 | +€321,710 | +98.8% |
| Deferred charges and accrued income | 490/1 | €4,481 | €2,005 | -€2,475 | -55.2% |
| Total equity and liabilities | 10/49 | €1,932,479 | €1,962,199 | +€29,720 | +1.5% |
| Equity | 10/15 | €1,629,852 | €1,702,030 | +€72,178 | +4.4% |
| Contributions | 10/11 | €801,033 | €801,033 | = | 0.0% |
| Reserves | 13 | €650,682 | €722,860 | +€72,178 | +11.1% |
| Distributable reserves | 133 | €650,682 | €722,860 | +€72,178 | +11.1% |
| Profit (loss) carried forward | 14 | €178,137 | €178,137 | = | 0.0% |
| Amounts payable | 17/49 | €302,627 | €260,168 | -€42,458 | -14.0% |
| Amounts payable after more than one year | 17 | €159,067 | €131,239 | -€27,828 | -17.5% |
| Financial debts | 170/4 | €159,067 | €131,239 | -€27,828 | -17.5% |
| Amounts payable within one year | 42/48 | €135,396 | €121,809 | -€13,587 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €26,758 | €27,828 | +€1,070 | +4.0% |
| Trade debts | 44 | €1,823 | €685 | -€1,138 | -62.4% |
| Suppliers | 440/4 | €1,823 | €685 | -€1,138 | -62.4% |
| Taxes, remuneration and social security | 45 | €15,129 | €3,547 | -€11,582 | -76.6% |
| Taxes | 450/3 | €15,129 | €3,547 | -€11,582 | -76.6% |
| Other amounts payable | 47/48 | €91,686 | €89,748 | -€1,938 | -2.1% |
| Accrued charges and deferred income | 492/3 | €8,164 | €7,121 | -€1,043 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,571 | €37,079 | -€1,493 | -3.9% |
| Other operating charges | 640/8 | €9,332 | €9,769 | +€438 | +4.7% |
| Gross operating margin | 9900 | €128,724 | €129,926 | +€1,202 | +0.9% |
| Operating profit (loss) | 9901 | €80,821 | €83,078 | +€2,257 | +2.8% |
| Financial income | 75/76B | €51,317 | €29,188 | -€22,129 | -43.1% |
| Recurring financial income | 75 | €51,317 | €29,188 | -€22,129 | -43.1% |
| Financial charges | 65/66B | €15,335 | €14,209 | -€1,126 | -7.3% |
| Recurring financial charges | 65 | €15,335 | €14,209 | -€1,126 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €116,803 | €98,057 | -€18,746 | -16.0% |
| Income taxes | 67/77 | €28,534 | €25,879 | -€2,655 | -9.3% |
| Profit (loss) for the period | 9904 | €88,269 | €72,178 | -€16,091 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,269 | €72,178 | -€16,091 | -18.2% |
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 5 October 2026 via checked.be.