HexCo: 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.
HexCo
Largest movements
- Receivables within one year -€50,289
down €50,289 (-55.9%), from €90,042 to €39,753
of which Trade receivables: -€42,365
- Tangible fixed assets -€43,636
down €43,636 (-14.8%), from €294,536 to €250,899
of which Other tangible fixed assets: -€28,346
- Deferred charges and accrued income +€26,489
up €26,489 (+394.9%), from €6,707 to €33,197
- Cash +€24,858
up €24,858 (+56.2%), from €44,260 to €69,118
mainly Trade debts (+€58,987) and Receivables within one year (+€50,289)
- Current investments +€7,907
up €7,907 (+15.2%), from €51,865 to €59,772
- Reserves -€72,644
down €72,644 (-46.1%), from €157,492 to €84,849
of which Tax-exempt reserves: -€39,650
- Trade debts +€58,987
up €58,987 (+353.8%), from €16,674 to €75,661
- Debts after one year -€27,726
down €27,726 (-9.9%), from €278,729 to €251,003
- Other debts +€6,000
up €6,000, from €0 to €6,000
- Gross operating margin -€44,332
down €44,332, from €26,629 to -€17,704
- Financial income +€2,109
up €2,109 (+992.1%), from €213 to €2,322
- Depreciation +€729
up €729 (+1.7%), from €42,908 to €43,636
- Other operating charges +€381
up €381 (+38.9%), from €980 to €1,361
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,410 | €452,738 | -€34,672 | -7.1% |
| Fixed assets | 21/28 | €294,536 | €250,899 | -€43,636 | -14.8% |
| Tangible fixed assets | 22/27 | €294,536 | €250,899 | -€43,636 | -14.8% |
| Plant, machinery and equipment | 23 | €46,503 | €31,213 | -€15,290 | -32.9% |
| Other tangible fixed assets | 26 | €248,033 | €219,687 | -€28,346 | -11.4% |
| Current assets | 29/58 | €192,874 | €201,839 | +€8,965 | +4.6% |
| Amounts receivable within one year | 40/41 | €90,042 | €39,753 | -€50,289 | -55.9% |
| Trade receivables | 40 | €70,339 | €27,973 | -€42,365 | -60.2% |
| Other amounts receivable | 41 | €19,704 | €11,780 | -€7,924 | -40.2% |
| Current investments | 50/53 | €51,865 | €59,772 | +€7,907 | +15.2% |
| Cash at bank and in hand | 54/58 | €44,260 | €69,118 | +€24,858 | +56.2% |
| Deferred charges and accrued income | 490/1 | €6,707 | €33,197 | +€26,489 | +394.9% |
| Total equity and liabilities | 10/49 | €487,410 | €452,738 | -€34,672 | -7.1% |
| Equity | 10/15 | €164,992 | €92,349 | -€72,644 | -44.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €157,492 | €84,849 | -€72,644 | -46.1% |
| Tax-exempt reserves | 132 | €81,950 | €42,300 | -€39,650 | -48.4% |
| Distributable reserves | 133 | €75,542 | €42,549 | -€32,993 | -43.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €322,418 | €360,390 | +€37,972 | +11.8% |
| Amounts payable after more than one year | 17 | €278,729 | €251,003 | -€27,726 | -9.9% |
| Financial debts | 170/4 | €278,729 | €251,003 | -€27,726 | -9.9% |
| Amounts payable within one year | 42/48 | €43,689 | €109,387 | +€65,698 | +150.4% |
| Current portion of amounts payable after more than one year | 42 | €26,628 | €27,726 | +€1,097 | +4.1% |
| Trade debts | 44 | €16,674 | €75,661 | +€58,987 | +353.8% |
| Suppliers | 440/4 | €16,674 | €75,661 | +€58,987 | +353.8% |
| Taxes, remuneration and social security | 45 | €387 | €0 | -€387 | -100.0% |
| Taxes | 450/3 | €387 | €0 | -€387 | -100.0% |
| Other amounts payable | 47/48 | €0 | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,908 | €43,636 | +€729 | +1.7% |
| Other operating charges | 640/8 | €980 | €1,361 | +€381 | +38.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €26,629 | -€17,704 | -€44,332 | |
| Operating profit (loss) | 9901 | -€17,259 | -€62,701 | -€45,442 | -263.3% |
| Financial income | 75/76B | €213 | €2,322 | +€2,109 | +992.1% |
| Recurring financial income | 75 | €213 | €2,322 | +€2,109 | +992.1% |
| Financial charges | 65/66B | €12,296 | €12,264 | -€31 | -0.3% |
| Recurring financial charges | 65 | €12,296 | €12,264 | -€31 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,342 | -€72,644 | -€43,301 | -147.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€29,342 | -€72,644 | -€43,301 | -147.6% |
| Transfer from tax-exempt reserves | 789 | - | €39,650 | +€39,650 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,342 | -€32,993 | -€3,651 | -12.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.