HEXAMIN: 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.
HEXAMIN
Largest movements
- Cash -€43,018
down €43,018 (-49.5%), from €86,952 to €43,935
mainly Investment in fixed assets (net) (-€28,403) and Current investments (-€23,637)
- Current investments +€23,637
up €23,637 (+48.6%), from €48,677 to €72,314
- Tangible fixed assets +€22,593
new in 2025: €22,593
- Receivables within one year -€13,109
down €13,109 (-89.7%), from €14,613 to €1,503
of which Trade receivables: -€13,453
- Tax, wage and social debts -€13,194
down €13,194 (-32.4%), from €40,682 to €27,488
of which Taxes: -€9,171
- Reserves +€2,750
up €2,750 (+6.1%), from €45,000 to €47,750
- Gross operating margin -€60,953
down €60,953 (-85.8%), from €71,079 to €10,126
- Taxes -€16,345
down €16,345 (-87.5%), from €18,686 to €2,341
- Depreciation +€5,810
new in 2025: €5,810
- Financial charges -€2,829
down €2,829, from €1,593 to -€1,236
- Other operating charges +€1,145
up €1,145 (+296%), from €387 to €1,533
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 | €150,285 | €141,166 | -€9,120 | -6.1% |
| Fixed assets | 21/28 | - | €22,593 | +€22,593 | |
| Tangible fixed assets | 22/27 | - | €22,593 | +€22,593 | |
| Furniture and vehicles | 24 | - | €22,593 | +€22,593 | |
| Current assets | 29/58 | €150,285 | €118,573 | -€31,712 | -21.1% |
| Amounts receivable within one year | 40/41 | €14,613 | €1,503 | -€13,109 | -89.7% |
| Trade receivables | 40 | €14,613 | €1,160 | -€13,453 | -92.1% |
| Other amounts receivable | 41 | - | €343 | +€343 | |
| Current investments | 50/53 | €48,677 | €72,314 | +€23,637 | +48.6% |
| Cash at bank and in hand | 54/58 | €86,952 | €43,935 | -€43,018 | -49.5% |
| Deferred charges and accrued income | 490/1 | €43 | €821 | +€778 | +1,807% |
| Total equity and liabilities | 10/49 | €150,285 | €141,166 | -€9,120 | -6.1% |
| Equity | 10/15 | €95,167 | €98,020 | +€2,853 | +3.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €47,750 | +€2,750 | +6.1% |
| Distributable reserves | 133 | €45,000 | €47,750 | +€2,750 | +6.1% |
| Profit (loss) carried forward | 14 | €44,167 | €44,270 | +€103 | +0.2% |
| Amounts payable | 17/49 | €55,118 | €43,145 | -€11,972 | -21.7% |
| Amounts payable within one year | 42/48 | €55,105 | €42,992 | -€12,112 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €13,857 | €13,776 | -€81 | -0.6% |
| Trade debts | 44 | €566 | €1,729 | +€1,163 | +205% |
| Suppliers | 440/4 | €566 | €1,729 | +€1,163 | +205% |
| Taxes, remuneration and social security | 45 | €40,682 | €27,488 | -€13,194 | -32.4% |
| Taxes | 450/3 | €32,954 | €23,783 | -€9,171 | -27.8% |
| Remuneration and social security | 454/9 | €7,728 | €3,705 | -€4,022 | -52.1% |
| Accrued charges and deferred income | 492/3 | €13 | €153 | +€140 | +1,071% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,810 | +€5,810 | |
| Other operating charges | 640/8 | €387 | €1,533 | +€1,145 | +296% |
| Gross operating margin | 9900 | €71,079 | €10,126 | -€60,953 | -85.8% |
| Operating profit (loss) | 9901 | €70,692 | €2,783 | -€67,909 | -96.1% |
| Financial income | 75/76B | €43 | €1,175 | +€1,132 | +2,631% |
| Recurring financial income | 75 | €43 | €1,175 | +€1,132 | +2,631% |
| Financial charges | 65/66B | €1,593 | -€1,236 | -€2,829 | |
| Recurring financial charges | 65 | €1,593 | -€1,236 | -€2,829 | |
| Profit (loss) for the period before taxes | 9903 | €69,142 | €5,194 | -€63,947 | -92.5% |
| Income taxes | 67/77 | €18,686 | €2,341 | -€16,345 | -87.5% |
| Profit (loss) for the period | 9904 | €50,455 | €2,853 | -€47,603 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,455 | €2,853 | -€47,603 | -94.3% |
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 14 October 2026 via checked.be.