HEXCEL COMPOSITES: 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.
What changed
HEXCEL COMPOSITES
NACE 24.100, Manufacture of basic metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€932,976
2024 · €1.7m-€722,685
Equity
€27.6m
2024 · €26.7m+€932,976
Cash
€64,512
2024 · €19,961+€44,550
Balance sheet total
€37.2m
2024 · €32.1m+€5.1m
Largest movements
Assets
- Receivables within one year +€11.6m
up €11.6m (+46.0%), from €25.2m to €36.8m
of which Trade receivables: +€13.7m
- Stocks and contracts -€4.8m
down €4.8m (-94.6%), from €5.1m to €273,638
- Tangible fixed assets -€1.6m
down €1.6m (-93.6%), from €1.7m to €110,971
of which Plant, machinery and equipment: -€1.6m
Equity and liabilities
- Provisions +€3.3m
up €3.3m (+217.4%), from €1.5m to €4.8m
- Tax, wage and social debts +€1.4m
up €1.4m (+59.0%), from €2.4m to €3.8m
of which Remuneration and social security: +€974,199
- Profit (loss) carried forward +€932,976
up €932,976 (+61.3%), from -€1.5m to -€587,992
- Trade debts -€496,886
down €496,886 (-31.5%), from €1.6m to €1.1m
Income statement
- Turnover +€9.1m
up €9.1m (+33.6%), from €27.2m to €36.3m
- Staff costs +€8.0m
up €8.0m (+80.8%), from €9.9m to €18.0m
- Goods and materials -€4.9m
down €4.9m (-52.2%), from €9.4m to €4.5m
of which Purchases: -€6.0m
- Write-downs -€2.6m
down €2.6m, from €1.0m to -€1.6m
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
€1.7m
Turnover
+€9.1m
Other operating income
-€297,561
Goods and materials
+€4.9m
Services and other goods
-€363,195
Staff costs
-€8.0m
Depreciation
+€301,980
Write-downs
+€2.6m
Provisions
-€108,340
Other operating charges
+€3,951
Other operating items
-€8.8m
Financial income
-€144,697
Financial charges
-€11,426
Taxes
+€53,171
Result 2025
€932,976
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.
From operations
-€1.3m
Investment
+€1.3m
Financing
-€0
Cash 2024
€19,961
From operations (derived)
-€1.3m
Net result for the year
+€932,976
Depreciation
+€281,634
Stocks and contracts
+€4.8m
Receivables within one year
-€11.6m
Deferred charges and accrued income
+€55,256
Provisions
+€3.3m
Trade debts
-€496,886
Tax, wage and social debts
+€1.4m
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Financing
-€0
Contributions, distributions and other
-€0
Cash 2025
€64,512
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,130,926 | €37,243,862 | +€5.1m | +15.9% |
| Fixed assets | 21/28 | €1,780,540 | €154,051 | -€1.6m | -91.3% |
| Tangible fixed assets | 22/27 | €1,732,107 | €110,971 | -€1.6m | -93.6% |
| Land and buildings | 22 | €110,971 | €110,971 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €1,614,248 | €0 | -€1.6m | -100.0% |
| Furniture and vehicles | 24 | €6,888 | €0 | -€6,888 | -100.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €48,433 | €43,080 | -€5,353 | -11.1% |
| Other financial fixed assets | 284/8 | €48,433 | €43,080 | -€5,353 | -11.1% |
| Amounts receivable and cash guarantees | 285/8 | €48,433 | €43,080 | -€5,353 | -11.1% |
| Current assets | 29/58 | €30,350,386 | €37,089,812 | +€6.7m | +22.2% |
| Stocks and contracts in progress | 3 | €5,106,837 | €273,638 | -€4.8m | -94.6% |
| Stocks | 30/36 | €5,106,837 | €273,638 | -€4.8m | -94.6% |
| Raw materials and consumables | 30/31 | €838,875 | €0 | -€838,875 | -100.0% |
| Work in progress | 32 | €1,908,146 | €0 | -€1.9m | -100.0% |
| Finished goods | 33 | €2,359,816 | €273,638 | -€2.1m | -88.4% |
| Amounts receivable within one year | 40/41 | €25,168,332 | €36,751,662 | +€11.6m | +46.0% |
| Trade receivables | 40 | €950,341 | €14,690,107 | +€13.7m | +1445.8% |
| Other amounts receivable | 41 | €24,217,992 | €22,061,555 | -€2.2m | -8.9% |
| Cash at bank and in hand | 54/58 | €19,961 | €64,512 | +€44,550 | +223.2% |
| Deferred charges and accrued income | 490/1 | €55,256 | €0 | -€55,256 | -100.0% |
| Total equity and liabilities | 10/49 | €32,130,926 | €37,243,862 | +€5.1m | +15.9% |
| Equity | 10/15 | €26,667,380 | €27,600,356 | +€932,976 | +3.5% |
| Contributions | 10/11 | €25,980,996 | €25,980,996 | = | 0.0% |
| Revaluation surpluses | 12 | €1,331,299 | €1,331,299 | = | 0.0% |
| Reserves | 13 | €876,053 | €876,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €876,053 | €876,053 | = | 0.0% |
| Reserves not available under the articles | 1311 | €876,053 | €876,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,520,968 | -€587,992 | +€932,976 | +61.3% |
| Provisions and deferred taxes | 16 | €1,504,153 | €4,773,728 | +€3.3m | +217.4% |
| Provisions for liabilities and charges | 160/5 | €1,504,153 | €4,773,728 | +€3.3m | +217.4% |
| Pensions and similar obligations | 160 | €1,472,163 | €3,357,368 | +€1.9m | +128.1% |
| Environmental obligations | 163 | - | €1,300,000 | +€1.3m | |
| Other liabilities and charges | 164/5 | €31,990 | €116,360 | +€84,370 | +263.7% |
| Amounts payable | 17/49 | €3,959,393 | €4,869,779 | +€910,386 | +23.0% |
| Amounts payable within one year | 42/48 | €3,959,393 | €4,869,779 | +€910,386 | +23.0% |
| Trade debts | 44 | €1,575,740 | €1,078,854 | -€496,886 | -31.5% |
| Suppliers | 440/4 | €1,575,740 | €1,078,854 | -€496,886 | -31.5% |
| Taxes, remuneration and social security | 45 | €2,383,653 | €3,790,925 | +€1.4m | +59.0% |
| Taxes | 450/3 | €763,390 | €1,196,462 | +€433,073 | +56.7% |
| Remuneration and social security | 454/9 | €1,620,264 | €2,594,462 | +€974,199 | +60.1% |
| Operating income | 70/76A | €25,250,775 | €31,617,423 | +€6.4m | +25.2% |
| Turnover | 70 | €27,192,988 | €36,336,169 | +€9.1m | +33.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,310,203 | -€4,785,908 | -€2.5m | -107.2% |
| Own construction capitalised | 72 | €3,120 | €0 | -€3,120 | -100.0% |
| Other operating income | 74 | €364,723 | €67,162 | -€297,561 | -81.6% |
| Non-recurring operating income | 76A | €146 | €0 | -€146 | -100.0% |
| Operating charges | 60/66A | €23,949,589 | €30,935,971 | +€7.0m | +29.2% |
| Goods for resale, raw materials and consumables | 60 | €9,368,816 | €4,475,899 | -€4.9m | -52.2% |
| Purchases | 600/8 | €8,860,770 | €2,832,687 | -€6.0m | -68.0% |
| Change in stocks: decrease (increase) | 609 | €508,046 | €1,643,212 | +€1.1m | +223.4% |
| Services and other goods | 61 | €3,458,325 | €3,821,520 | +€363,195 | +10.5% |
| Remuneration, social security and pensions | 62 | €9,934,250 | €17,964,427 | +€8.0m | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583,614 | €281,634 | -€301,980 | -51.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,016,503 | -€1,595,921 | -€2.6m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,970 | €84,370 | +€108,340 | |
| Other operating charges | 640/8 | €185,928 | €181,977 | -€3,951 | -2.1% |
| Non-recurring operating charges | 66A | -€573,876 | €5,722,065 | +€6.3m | |
| Operating profit (loss) | 9901 | €1,301,185 | €681,452 | -€619,733 | -47.6% |
| Financial income | 75/76B | €752,562 | €607,866 | -€144,697 | -19.2% |
| Recurring financial income | 75 | €752,562 | €607,866 | -€144,697 | -19.2% |
| Other financial income | 752/9 | €752,562 | €607,866 | -€144,697 | -19.2% |
| Financial charges | 65/66B | €263,910 | €275,336 | +€11,426 | +4.3% |
| Recurring financial charges | 65 | €263,910 | €275,336 | +€11,426 | +4.3% |
| Debt charges | 650 | €5 | €0 | -€5 | -100.0% |
| Other financial charges | 652/9 | €263,905 | €275,336 | +€11,431 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €1,789,838 | €1,013,982 | -€775,856 | -43.3% |
| Income taxes | 67/77 | €134,176 | €81,005 | -€53,171 | -39.6% |
| Taxes | 670/3 | €134,176 | €81,005 | -€53,171 | -39.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,655,661 | €932,976 | -€722,685 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,655,661 | €932,976 | -€722,685 | -43.6% |
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 4 October 2026 via checked.be.