Hexaware Technologies Belgium: 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.
Hexaware Technologies Belgium
Largest movements
- Cash -€1.6m
down €1.6m (-30.7%), from €5.3m to €3.7m
mainly Trade debts (-€2.6m) and Receivables within one year (-€1.5m)
- Receivables within one year +€1.5m
up €1.5m (+64.2%), from €2.4m to €3.9m
of which Trade receivables: +€1.7m
- Trade debts -€2.6m
down €2.6m (-61.7%), from €4.2m to €1.6m
- Other debts +€2.0m
new in 2025: €2.0m
- Profit (loss) carried forward +€172,038
up €172,038 (+66.3%), from €259,448 to €431,487
- Tax, wage and social debts +€153,958
up €153,958 (+13.3%), from €1.2m to €1.3m
of which Taxes: +€108,101
- Advances received +€135,945
up €135,945 (+6.8%), from €2.0m to €2.1m
- Turnover +€21.6m
new in 2025: €21.6m
- Goods and materials +€17.5m
new in 2025: €17.5m
- Gross operating margin -€2.0m
no longer reported in 2025 (was €2.0m)
- Services and other goods +€1.1m
new in 2025: €1.1m
- Staff costs +€905,688
up €905,688 (+46.8%), from €1.9m to €2.8m
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 | €7,685,589 | €7,578,124 | -€107,465 | -1.4% |
| Current assets | 29/58 | €7,685,589 | €7,578,124 | -€107,465 | -1.4% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,374,067 | €3,897,774 | +€1.5m | +64.2% |
| Trade receivables | 40 | €2,190,514 | €3,862,699 | +€1.7m | +76.3% |
| Other amounts receivable | 41 | €183,552 | €35,076 | -€148,476 | -80.9% |
| Cash at bank and in hand | 54/58 | €5,305,710 | €3,675,940 | -€1.6m | -30.7% |
| Deferred charges and accrued income | 490/1 | €5,812 | €4,409 | -€1,403 | -24.1% |
| Total equity and liabilities | 10/49 | €7,685,589 | €7,578,124 | -€107,465 | -1.4% |
| Equity | 10/15 | €359,448 | €531,487 | +€172,038 | +47.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €259,448 | €431,487 | +€172,038 | +66.3% |
| Amounts payable | 17/49 | €7,326,141 | €7,046,637 | -€279,504 | -3.8% |
| Amounts payable within one year | 42/48 | €7,326,141 | €7,011,638 | -€314,503 | -4.3% |
| Trade debts | 44 | €4,177,448 | €1,600,552 | -€2.6m | -61.7% |
| Suppliers | 440/4 | €4,177,448 | €1,600,552 | -€2.6m | -61.7% |
| Advances received on contracts in progress | 46 | €1,989,834 | €2,125,778 | +€135,945 | +6.8% |
| Taxes, remuneration and social security | 45 | €1,158,859 | €1,312,817 | +€153,958 | +13.3% |
| Taxes | 450/3 | €748,504 | €856,604 | +€108,101 | +14.4% |
| Remuneration and social security | 454/9 | €410,355 | €456,213 | +€45,858 | +11.2% |
| Other amounts payable | 47/48 | - | €1,972,490 | +€2.0m | |
| Accrued charges and deferred income | 492/3 | - | €34,999 | +€34,999 | |
| Operating income | 70/76A | - | €21,727,528 | +€21.7m | |
| Turnover | 70 | - | €21,614,830 | +€21.6m | |
| Other operating income | 74 | - | €112,698 | +€112,698 | |
| Operating charges | 60/66A | - | €21,446,748 | +€21.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €17,457,315 | +€17.5m | |
| Purchases | 600/8 | - | €17,457,315 | +€17.5m | |
| Services and other goods | 61 | - | €1,143,525 | +€1.1m | |
| Remuneration, social security and pensions | 62 | €1,936,142 | €2,841,830 | +€905,688 | +46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,080 | +€3,080 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €2,048,245 | - | -€2.0m | |
| Operating profit (loss) | 9901 | €111,136 | €280,780 | +€169,645 | +153% |
| Financial income | 75/76B | €37,101 | €20,242 | -€16,860 | -45.4% |
| Recurring financial income | 75 | €37,101 | €20,242 | -€16,860 | -45.4% |
| Income from current assets | 751 | - | €20,242 | +€20,242 | |
| Financial charges | 65/66B | €3,678 | €26,911 | +€23,233 | +632% |
| Recurring financial charges | 65 | €3,678 | €26,911 | +€23,233 | +632% |
| Debt charges | 650 | - | €16,439 | +€16,439 | |
| Other financial charges | 652/9 | - | €10,472 | +€10,472 | |
| Profit (loss) for the period before taxes | 9903 | €144,559 | €274,111 | +€129,552 | +89.6% |
| Income taxes | 67/77 | €47,088 | €102,073 | +€54,985 | +117% |
| Taxes | 670/3 | - | €102,073 | +€102,073 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €97,471 | €172,038 | +€74,567 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,471 | €172,038 | +€74,567 | +76.5% |
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 25 October 2026 via checked.be.