HEXECHO: 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.
HEXECHO
Largest movements
- Cash -€47,423
down €47,423 (-18.7%), from €253,559 to €206,137
mainly Other debts (-€58,001) and Investment in fixed assets (net) (-€35,503)
- Receivables within one year -€34,848
down €34,848 (-55.5%), from €62,804 to €27,956
of which Trade receivables: -€20,014
- Tangible fixed assets +€22,548
up €22,548 (+74.9%), from €30,096 to €52,644
of which Furniture and vehicles: +€19,980
- Other debts -€58,001
down €58,001 (-95.7%), from €60,586 to €2,585
- Profit (loss) carried forward +€7,890
up €7,890 (+39.4%), from €20,008 to €27,898
- Trade debts -€7,857
down €7,857 (-14.3%), from €55,064 to €47,207
- Tax, wage and social debts +€7,115
up €7,115 (+13.6%), from €52,307 to €59,422
- Debts after one year -€4,994
down €4,994 (-3.3%), from €151,972 to €146,977
- Staff costs +€69,755
up €69,755 (+11.6%), from €598,890 to €668,645
- Gross operating margin -€21,994
down €21,994 (-3.1%), from €717,782 to €695,788
- Taxes -€19,573
down €19,573 (-82.6%), from €23,690 to €4,116
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 | €367,826 | €307,946 | -€59,880 | -16.3% |
| Fixed assets | 21/28 | €51,096 | €73,644 | +€22,548 | +44.1% |
| Tangible fixed assets | 22/27 | €30,096 | €52,644 | +€22,548 | +74.9% |
| Plant, machinery and equipment | 23 | - | €8,640 | +€8,640 | |
| Furniture and vehicles | 24 | €1,424 | €21,404 | +€19,980 | +1403.3% |
| Other tangible fixed assets | 26 | €28,672 | €22,601 | -€6,072 | -21.2% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €316,730 | €234,301 | -€82,428 | -26.0% |
| Amounts receivable within one year | 40/41 | €62,804 | €27,956 | -€34,848 | -55.5% |
| Trade receivables | 40 | €40,535 | €20,521 | -€20,014 | -49.4% |
| Other amounts receivable | 41 | €22,269 | €7,435 | -€14,834 | -66.6% |
| Cash at bank and in hand | 54/58 | €253,559 | €206,137 | -€47,423 | -18.7% |
| Deferred charges and accrued income | 490/1 | €366 | €209 | -€157 | -43.0% |
| Total equity and liabilities | 10/49 | €367,826 | €307,946 | -€59,880 | -16.3% |
| Equity | 10/15 | €38,608 | €46,498 | +€7,890 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,008 | €27,898 | +€7,890 | +39.4% |
| Amounts payable | 17/49 | €329,218 | €261,448 | -€67,770 | -20.6% |
| Amounts payable after more than one year | 17 | €151,972 | €146,977 | -€4,994 | -3.3% |
| Financial debts | 170/4 | €151,972 | €146,977 | -€4,994 | -3.3% |
| Amounts payable within one year | 42/48 | €174,408 | €114,408 | -€60,000 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €6,451 | €5,194 | -€1,257 | -19.5% |
| Trade debts | 44 | €55,064 | €47,207 | -€7,857 | -14.3% |
| Suppliers | 440/4 | €55,064 | €47,207 | -€7,857 | -14.3% |
| Taxes, remuneration and social security | 45 | €52,307 | €59,422 | +€7,115 | +13.6% |
| Remuneration and social security | 454/9 | €52,307 | €59,422 | +€7,115 | +13.6% |
| Other amounts payable | 47/48 | €60,586 | €2,585 | -€58,001 | -95.7% |
| Accrued charges and deferred income | 492/3 | €2,839 | €63 | -€2,776 | -97.8% |
| Remuneration, social security and pensions | 62 | €598,890 | €668,645 | +€69,755 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,136 | €12,955 | -€181 | -1.4% |
| Other operating charges | 640/8 | €2,292 | €1,808 | -€484 | -21.1% |
| Non-recurring operating charges | 66A | €11,439 | - | -€11,439 | |
| Gross operating margin | 9900 | €717,782 | €695,788 | -€21,994 | -3.1% |
| Operating profit (loss) | 9901 | €92,025 | €12,379 | -€79,645 | -86.5% |
| Financial income | 75/76B | €1,622 | €1,258 | -€364 | -22.4% |
| Recurring financial income | 75 | €1,622 | €1,258 | -€364 | -22.4% |
| Financial charges | 65/66B | €5,376 | €1,631 | -€3,745 | -69.7% |
| Recurring financial charges | 65 | €5,376 | €1,631 | -€3,745 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €88,270 | €12,006 | -€76,264 | -86.4% |
| Income taxes | 67/77 | €23,690 | €4,116 | -€19,573 | -82.6% |
| Profit (loss) for the period | 9904 | €64,581 | €7,890 | -€56,690 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,581 | €7,890 | -€56,690 | -87.8% |
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 29 September 2026 via checked.be.