HEXAGON: 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.
HEXAGON
Largest movements
- Receivables within one year +€185,219
up €185,219 (+295%), from €62,811 to €248,029
of which Trade receivables: +€199,406
- Other debts +€197,600
up €197,600 (+8,233%), from €2,400 to €200,000
- Profit (loss) carried forward -€13,279
down €13,279 (-49.4%), from -€26,862 to -€40,142
- Depreciation -€6,020
down €6,020 (-79.6%), from €7,563 to €1,543
- Gross operating margin +€1,038
up €1,038 (+8.9%), from -€11,626 to -€10,588
- Other operating charges -€735
down €735 (-63.1%), from €1,164 to €429
- Taxes -€363
down €363 (-91.3%), from €397 to €34
- Financial charges +€325
up €325 (+90.2%), from €360 to €685
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 | €139,782 | €324,800 | +€185,018 | +132% |
| Fixed assets | 21/28 | €13,316 | €12,977 | -€339 | -2.5% |
| Tangible fixed assets | 22/27 | €3,316 | €2,977 | -€339 | -10.2% |
| Furniture and vehicles | 24 | €3,316 | €2,977 | -€339 | -10.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €126,465 | €311,823 | +€185,357 | +147% |
| Amounts receivable within one year | 40/41 | €62,811 | €248,029 | +€185,219 | +295% |
| Trade receivables | 40 | €26,198 | €225,604 | +€199,406 | +761% |
| Other amounts receivable | 41 | €36,613 | €22,425 | -€14,187 | -38.8% |
| Cash at bank and in hand | 54/58 | €61,535 | €62,266 | +€731 | +1.2% |
| Deferred charges and accrued income | 490/1 | €2,120 | €1,527 | -€592 | -27.9% |
| Total equity and liabilities | 10/49 | €139,782 | €324,800 | +€185,018 | +132% |
| Equity | 10/15 | €135,442 | €122,163 | -€13,279 | -9.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €87,305 | €87,305 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €79,805 | €79,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,862 | -€40,142 | -€13,279 | -49.4% |
| Amounts payable | 17/49 | €4,339 | €202,637 | +€198,298 | +4,570% |
| Amounts payable within one year | 42/48 | €4,339 | €202,637 | +€198,298 | +4,570% |
| Trade debts | 44 | €1,542 | €515 | -€1,027 | -66.6% |
| Suppliers | 440/4 | €1,542 | €515 | -€1,027 | -66.6% |
| Taxes, remuneration and social security | 45 | €397 | €2,122 | +€1,725 | +434% |
| Taxes | 450/3 | €397 | €2,122 | +€1,725 | +434% |
| Other amounts payable | 47/48 | €2,400 | €200,000 | +€197,600 | +8,233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €1,543 | -€6,020 | -79.6% |
| Other operating charges | 640/8 | €1,164 | €429 | -€735 | -63.1% |
| Gross operating margin | 9900 | -€11,626 | -€10,588 | +€1,038 | +8.9% |
| Operating profit (loss) | 9901 | -€20,353 | -€12,561 | +€7,792 | +38.3% |
| Financial charges | 65/66B | €360 | €685 | +€325 | +90.2% |
| Recurring financial charges | 65 | €360 | €685 | +€325 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,713 | -€13,245 | +€7,468 | +36.1% |
| Income taxes | 67/77 | €397 | €34 | -€363 | -91.3% |
| Profit (loss) for the period | 9904 | -€21,110 | -€13,279 | +€7,830 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,110 | -€13,279 | +€7,830 | +37.1% |
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 16 October 2026 via checked.be.