HEXAGON LAND: 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 LAND
Largest movements
- Receivables within one year +€1.6m
up €1.6m, from €0 to €1.6m
of which Other amounts receivable: +€916,654
- Stocks and contracts +€695,081
up €695,081 (+66.6%), from €1.0m to €1.7m
- Trade debts +€1.4m
up €1.4m (+47,610%), from €2,958 to €1.4m
- Advances received +€683,634
new in 2025: €683,634
- Other debts +€135,548
up €135,548 (+60,880%), from €223 to €135,771
- Debts after one year +€45,000
up €45,000 (+4.2%), from €1.1m to €1.1m
- Profit (loss) carried forward -€35,966
down €35,966 (-55.5%), from -€64,799 to -€100,765
- Gross operating margin -€10,516
down €10,516 (-150%), from -€7,018 to -€17,534
- Other operating charges -€2,129
down €2,129 (-52.5%), from €4,057 to €1,928
- Financial charges +€510
up €510 (+3.2%), from €15,994 to €16,504
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 | €1,043,625 | €3,296,452 | +€2.3m | +216% |
| Current assets | 29/58 | €1,043,625 | €3,296,452 | +€2.3m | +216% |
| Stocks and contracts in progress | 3 | €1,042,926 | €1,738,008 | +€695,081 | +66.6% |
| Stocks | 30/36 | €1,042,926 | €1,738,008 | +€695,081 | +66.6% |
| Amounts receivable within one year | 40/41 | €0 | €1,556,783 | +€1.6m | |
| Trade receivables | 40 | €0 | €640,129 | +€640,129 | |
| Other amounts receivable | 41 | - | €916,654 | +€916,654 | |
| Cash at bank and in hand | 54/58 | €698 | €1,661 | +€963 | +138% |
| Total equity and liabilities | 10/49 | €1,043,625 | €3,296,452 | +€2.3m | +216% |
| Equity | 10/15 | -€54,799 | -€90,765 | -€35,966 | -65.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,799 | -€100,765 | -€35,966 | -55.5% |
| Amounts payable | 17/49 | €1,098,424 | €3,387,216 | +€2.3m | +208% |
| Amounts payable after more than one year | 17 | €1,065,000 | €1,110,000 | +€45,000 | +4.2% |
| Financial debts | 170/4 | €1,065,000 | €1,110,000 | +€45,000 | +4.2% |
| Amounts payable within one year | 42/48 | €3,180 | €2,230,555 | +€2.2m | +70,034% |
| Trade debts | 44 | €2,958 | €1,411,149 | +€1.4m | +47,610% |
| Suppliers | 440/4 | €2,958 | €1,411,149 | +€1.4m | +47,610% |
| Advances received on contracts in progress | 46 | - | €683,634 | +€683,634 | |
| Other amounts payable | 47/48 | €223 | €135,771 | +€135,548 | +60,880% |
| Accrued charges and deferred income | 492/3 | €30,243 | €46,662 | +€16,418 | +54.3% |
| Other operating charges | 640/8 | €4,057 | €1,928 | -€2,129 | -52.5% |
| Gross operating margin | 9900 | -€7,018 | -€17,534 | -€10,516 | -150% |
| Operating profit (loss) | 9901 | -€11,075 | -€19,462 | -€8,387 | -75.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,994 | €16,504 | +€510 | +3.2% |
| Recurring financial charges | 65 | €15,994 | €16,504 | +€510 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€27,069 | -€35,966 | -€8,897 | -32.9% |
| Profit (loss) for the period | 9904 | -€27,069 | -€35,966 | -€8,897 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,069 | -€35,966 | -€8,897 | -32.9% |
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.