Hexagon Development Pro: 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.
Hexagon Development Pro
Largest movements
- Receivables within one year +€3.5m
up €3.5m (+1007.4%), from €350,686 to €3.9m
of which Trade receivables: +€3.0m
- Stocks and contracts -€2.2m
down €2.2m (-19.4%), from €11.3m to €9.1m
- Current investments +€1.7m
up €1.7m (+194.1%), from €850,000 to €2.5m
- Debts after one year -€1.8m
down €1.8m (-31.6%), from €5.7m to €3.9m
of which Financial debts: -€1.8m
- Tax, wage and social debts +€1.6m
up €1.6m, from €0 to €1.6m
- Other debts +€1.3m
up €1.3m (+218.7%), from €609,531 to €1.9m
- Advances received +€717,289
up €717,289 (+28.8%), from €2.5m to €3.2m
- Trade debts +€699,895
up €699,895 (+86.8%), from €806,708 to €1.5m
- Gross operating margin +€1.1m
up €1.1m (+254.5%), from €418,382 to €1.5m
- Taxes +€289,430
up €289,430 (+738.1%), from €39,211 to €328,642
- Provisions -€75,000
down €75,000 (-100.0%), from €75,000 to €0
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 | €12,633,480 | €15,616,036 | +€3.0m | +23.6% |
| Fixed assets | 21/28 | €14,825 | €11,825 | -€3,000 | -20.2% |
| Financial fixed assets | 28 | €14,825 | €11,825 | -€3,000 | -20.2% |
| Current assets | 29/58 | €12,618,655 | €15,604,211 | +€3.0m | +23.7% |
| Stocks and contracts in progress | 3 | €11,327,482 | €9,131,385 | -€2.2m | -19.4% |
| Stocks | 30/36 | €11,327,482 | €9,131,385 | -€2.2m | -19.4% |
| Amounts receivable within one year | 40/41 | €350,686 | €3,883,509 | +€3.5m | +1007.4% |
| Trade receivables | 40 | €222,598 | €3,262,571 | +€3.0m | +1365.7% |
| Other amounts receivable | 41 | €128,088 | €620,938 | +€492,850 | +384.8% |
| Current investments | 50/53 | €850,000 | €2,500,000 | +€1.7m | +194.1% |
| Cash at bank and in hand | 54/58 | €76,429 | €79,021 | +€2,592 | +3.4% |
| Deferred charges and accrued income | 490/1 | €14,058 | €10,297 | -€3,761 | -26.8% |
| Total equity and liabilities | 10/49 | €12,633,480 | €15,616,036 | +€3.0m | +23.6% |
| Equity | 10/15 | €2,077,132 | €2,077,132 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,058,532 | €2,058,532 | = | 0.0% |
| Distributable reserves | 133 | €2,058,532 | €2,058,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €75,000 | €75,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable | 17/49 | €10,481,348 | €13,463,904 | +€3.0m | +28.5% |
| Amounts payable after more than one year | 17 | €5,713,110 | €3,905,140 | -€1.8m | -31.6% |
| Financial debts | 170/4 | €5,713,110 | €3,872,635 | -€1.8m | -32.2% |
| Other amounts payable | 178/9 | - | €32,505 | +€32,505 | |
| Amounts payable within one year | 42/48 | €4,690,828 | €9,435,290 | +€4.7m | +101.1% |
| Financial debts | 43 | €780,000 | €1,200,000 | +€420,000 | +53.8% |
| Credit institutions | 430/8 | €780,000 | €0 | -€780,000 | -100.0% |
| Other loans | 439 | - | €1,200,000 | +€1.2m | |
| Trade debts | 44 | €806,708 | €1,506,603 | +€699,895 | +86.8% |
| Suppliers | 440/4 | €806,708 | €1,506,603 | +€699,895 | +86.8% |
| Advances received on contracts in progress | 46 | €2,494,589 | €3,211,878 | +€717,289 | +28.8% |
| Taxes, remuneration and social security | 45 | €0 | €1,574,048 | +€1.6m | |
| Taxes | 450/3 | €0 | €1,574,048 | +€1.6m | |
| Other amounts payable | 47/48 | €609,531 | €1,942,761 | +€1.3m | +218.7% |
| Accrued charges and deferred income | 492/3 | €77,410 | €123,474 | +€46,064 | +59.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €75,000 | €0 | -€75,000 | -100.0% |
| Other operating charges | 640/8 | €4,156 | €2,166 | -€1,990 | -47.9% |
| Gross operating margin | 9900 | €418,382 | €1,483,232 | +€1.1m | +254.5% |
| Operating profit (loss) | 9901 | €339,226 | €1,481,066 | +€1.1m | +336.6% |
| Financial income | 75/76B | €14,348 | €7,232 | -€7,116 | -49.6% |
| Recurring financial income | 75 | €14,348 | €7,232 | -€7,116 | -49.6% |
| Financial charges | 65/66B | €198,044 | €190,654 | -€7,390 | -3.7% |
| Recurring financial charges | 65 | €198,044 | €190,654 | -€7,390 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €155,530 | €1,297,643 | +€1.1m | +734.3% |
| Income taxes | 67/77 | €39,211 | €328,642 | +€289,430 | +738.1% |
| Profit (loss) for the period | 9904 | €116,319 | €969,002 | +€852,683 | +733.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,319 | €969,002 | +€852,683 | +733.1% |
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.