HEXAFORGE: 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.
HEXAFORGE
Largest movements
- Cash +€59,765
up €59,765 (+393%), from €15,201 to €74,966
mainly Net result for the year (+€54,962) and Tax, wage and social debts (+€7,599)
- Tangible fixed assets +€1,488
up €1,488 (+73.4%), from €2,027 to €3,515
- Financial fixed assets +€1,100
new in 2025: €1,100
- Reserves +€54,000
up €54,000 (+491%), from €11,000 to €65,000
- Tax, wage and social debts +€7,599
up €7,599 (+113%), from €6,753 to €14,353
- Other debts +€923
up €923 (+13.1%), from €7,060 to €7,983
- Gross operating margin +€55,903
up €55,903 (+361%), from €15,491 to €71,395
- Taxes +€11,845
up €11,845 (+371%), from €3,197 to €15,043
- Depreciation +€1,090
up €1,090 (+1,060%), from €103 to €1,193
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 | €29,036 | €91,682 | +€62,646 | +216% |
| Fixed assets | 21/28 | €2,027 | €4,615 | +€2,588 | +128% |
| Tangible fixed assets | 22/27 | €2,027 | €3,515 | +€1,488 | +73.4% |
| Furniture and vehicles | 24 | €2,027 | €3,515 | +€1,488 | +73.4% |
| Financial fixed assets | 28 | - | €1,100 | +€1,100 | |
| Current assets | 29/58 | €27,009 | €87,067 | +€60,058 | +222% |
| Amounts receivable within one year | 40/41 | €11,764 | €12,100 | +€336 | +2.9% |
| Trade receivables | 40 | €11,764 | €11,964 | +€200 | +1.7% |
| Other amounts receivable | 41 | - | €136 | +€136 | |
| Cash at bank and in hand | 54/58 | €15,201 | €74,966 | +€59,765 | +393% |
| Deferred charges and accrued income | 490/1 | €43 | €0 | -€43 | -100% |
| Total equity and liabilities | 10/49 | €29,036 | €91,682 | +€62,646 | +216% |
| Equity | 10/15 | €14,323 | €68,452 | +€54,129 | +378% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €65,000 | +€54,000 | +491% |
| Distributable reserves | 133 | €11,000 | €65,000 | +€54,000 | +491% |
| Profit (loss) carried forward | 14 | €323 | €452 | +€129 | +39.9% |
| Amounts payable | 17/49 | €14,713 | €23,230 | +€8,517 | +57.9% |
| Amounts payable within one year | 42/48 | €14,713 | €23,230 | +€8,517 | +57.9% |
| Trade debts | 44 | €900 | €894 | -€5 | -0.6% |
| Suppliers | 440/4 | €900 | €894 | -€5 | -0.6% |
| Taxes, remuneration and social security | 45 | €6,753 | €14,353 | +€7,599 | +113% |
| Taxes | 450/3 | €6,753 | €14,353 | +€7,599 | +113% |
| Other amounts payable | 47/48 | €7,060 | €7,983 | +€923 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103 | €1,193 | +€1,090 | +1,060% |
| Gross operating margin | 9900 | €15,491 | €71,395 | +€55,903 | +361% |
| Operating profit (loss) | 9901 | €15,388 | €70,202 | +€54,813 | +356% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €9 | €232 | +€223 | +2,424% |
| Recurring financial charges | 65 | €9 | €232 | +€223 | +2,424% |
| Profit (loss) for the period before taxes | 9903 | €15,379 | €70,004 | +€54,625 | +355% |
| Income taxes | 67/77 | €3,197 | €15,043 | +€11,845 | +371% |
| Profit (loss) for the period | 9904 | €12,182 | €54,962 | +€42,780 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €12,182 | €54,962 | +€42,780 | +351% |
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 21 October 2026 via checked.be.