HEXATEN: 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.
What changed
HEXATEN
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€243,800
2024 · -€220,349-€23,451
Equity
€13.4m
2024 · €13.6m-€243,800
Cash
€44,709
2024 · €9,555+€35,155
Balance sheet total
€33.0m
2024 · €26.1m+€6.9m
Largest movements
Assets
- Receivables within one year +€7.3m
up €7.3m (+167%), from €4.4m to €11.7m
of which Other amounts receivable: +€7.3m
- Tangible fixed assets -€411,409
down €411,409 (-1.9%), from €21.6m to €21.2m
of which Assets under construction and advance payments: -€356,490
Equity and liabilities
- Current portion of long-term debt +€10.8m
up €10.8m (+1,662%), from €650,000 to €11.5m
- Debts after one year -€4.0m
down €4.0m (-34.7%), from €11.4m to €7.4m
- Trade debts +€339,545
up €339,545, from €0 to €339,545
Income statement
- Turnover +€218,090
up €218,090 (+13.5%), from €1.6m to €1.8m
- Services and other goods +€120,228
up €120,228 (+51.0%), from €235,881 to €356,109
- Other operating charges +€96,782
up €96,782 (+20.9%), from €462,417 to €559,199
- Other operating income -€95,664
down €95,664 (-16.5%), from €578,511 to €482,847
- Financial income +€56,417
up €56,417 (+32.1%), from €175,924 to €232,341
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.
Result 2024
-€220,349
Turnover
+€218,090
Other operating income
-€95,664
Services and other goods
-€120,228
Depreciation
+€47,140
Write-downs
+€3,046
Other operating charges
-€96,782
Other operating items
+€1,625
Financial income
+€56,417
Financial charges
-€37,097
Result 2025
-€243,800
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€6.1m
Investment
-€732,536
Financing
+€6.9m
Cash 2024
€9,555
From operations (derived)
-€6.1m
Net result for the year
-€243,800
Depreciation
+€1.1m
Receivables within one year
-€7.3m
Deferred charges and accrued income
+€44,814
Trade debts
+€339,545
Accrued charges and deferred income
-€48,668
Investment (derived)
-€732,536
Investment in fixed assets (net)
-€732,536
Financing
+€6.9m
Debts after one year
-€4.0m
Current portion of long-term debt
+€10.8m
Cash 2025
€44,709
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,123,705 | €33,020,781 | +€6.9m | +26.4% |
| Fixed assets | 21/28 | €21,647,269 | €21,235,859 | -€411,409 | -1.9% |
| Tangible fixed assets | 22/27 | €21,647,269 | €21,235,859 | -€411,409 | -1.9% |
| Land and buildings | 22 | €20,990,778 | €20,935,859 | -€54,919 | -0.3% |
| Assets under construction and advance payments | 27 | €656,490 | €300,000 | -€356,490 | -54.3% |
| Financial fixed assets | 28 | - | €0 | = | |
| Affiliated companies | 280/1 | - | €0 | = | |
| Amounts receivable | 281 | - | €0 | = | |
| Current assets | 29/58 | €4,476,436 | €11,784,922 | +€7.3m | +163% |
| Amounts receivable within one year | 40/41 | €4,371,932 | €11,690,076 | +€7.3m | +167% |
| Trade receivables | 40 | €375,245 | €435,049 | +€59,803 | +15.9% |
| Other amounts receivable | 41 | €3,996,686 | €11,255,028 | +€7.3m | +182% |
| Cash at bank and in hand | 54/58 | €9,555 | €44,709 | +€35,155 | +368% |
| Deferred charges and accrued income | 490/1 | €94,950 | €50,136 | -€44,814 | -47.2% |
| Total equity and liabilities | 10/49 | €26,123,705 | €33,020,781 | +€6.9m | +26.4% |
| Equity | 10/15 | €13,618,751 | €13,374,951 | -€243,800 | -1.8% |
| Contributions | 10/11 | €20,738,247 | €20,738,247 | = | 0.0% |
| Capital | 10 | €20,738,247 | €20,738,247 | = | 0.0% |
| Issued capital | 100 | €20,738,247 | €20,738,247 | = | 0.0% |
| Reserves | 13 | €167,865 | €167,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €167,865 | €167,865 | = | 0.0% |
| Legal reserve | 130 | €167,865 | €167,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,287,360 | -€7,531,160 | -€243,800 | -3.3% |
| Amounts payable | 17/49 | €12,504,954 | €19,645,830 | +€7.1m | +57.1% |
| Amounts payable after more than one year | 17 | €11,375,000 | €7,425,000 | -€4.0m | -34.7% |
| Financial debts | 170/4 | €11,375,000 | €7,425,000 | -€4.0m | -34.7% |
| Credit institutions | 173 | €11,375,000 | €7,425,000 | -€4.0m | -34.7% |
| Amounts payable within one year | 42/48 | €653,293 | €11,792,837 | +€11.1m | +1,705% |
| Current portion of amounts payable after more than one year | 42 | €650,000 | €11,450,000 | +€10.8m | +1,662% |
| Trade debts | 44 | €0 | €339,545 | +€339,545 | |
| Suppliers | 440/4 | €0 | €339,545 | +€339,545 | |
| Taxes, remuneration and social security | 45 | €3,293 | €3,293 | = | 0.0% |
| Taxes | 450/3 | €3,293 | €3,293 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €476,661 | €427,993 | -€48,668 | -10.2% |
| Operating income | 70/76A | €2,189,754 | €2,313,806 | +€124,052 | +5.7% |
| Turnover | 70 | €1,611,243 | €1,829,333 | +€218,090 | +13.5% |
| Other operating income | 74 | €578,511 | €482,847 | -€95,664 | -16.5% |
| Non-recurring operating income | 76A | - | €1,625 | +€1,625 | |
| Operating charges | 60/66A | €1,892,429 | €2,059,253 | +€166,823 | +8.8% |
| Services and other goods | 61 | €235,881 | €356,109 | +€120,228 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191,085 | €1,143,945 | -€47,140 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,046 | - | -€3,046 | |
| Other operating charges | 640/8 | €462,417 | €559,199 | +€96,782 | +20.9% |
| Operating profit (loss) | 9901 | €297,325 | €254,553 | -€42,771 | -14.4% |
| Financial income | 75/76B | €175,924 | €232,341 | +€56,417 | +32.1% |
| Recurring financial income | 75 | €175,924 | €232,341 | +€56,417 | +32.1% |
| Income from current assets | 751 | €175,924 | €232,341 | +€56,417 | +32.1% |
| Other financial income | 752/9 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €693,598 | €730,694 | +€37,097 | +5.3% |
| Recurring financial charges | 65 | €693,598 | €730,694 | +€37,097 | +5.3% |
| Debt charges | 650 | €690,404 | €721,776 | +€31,372 | +4.5% |
| Other financial charges | 652/9 | €3,193 | €8,918 | +€5,725 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€220,349 | -€243,800 | -€23,451 | -10.6% |
| Profit (loss) for the period | 9904 | -€220,349 | -€243,800 | -€23,451 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,349 | -€243,800 | -€23,451 | -10.6% |
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 23 October 2026 via checked.be.