HEXEKO: 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
HEXEKO
NACE 63.920, Other information service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€320,595
2024 · €559,234-€238,639
Equity
€865,035
2024 · -€1.1m+€1.9m
Cash
€11.3m
2024 · €31.2m-€19.9m
Balance sheet total
€59.6m
2024 · €40.3m+€19.3m
Largest movements
Assets
- Current investments +€37.4m
new in 2025: €37.4m
- Cash -€19.9m
down €19.9m (-63.9%), from €31.2m to €11.3m
mainly Current investments (-€37.4m) and Receivables within one year (-€1.9m)
- Receivables within one year +€1.9m
up €1.9m (+24.4%), from €7.9m to €9.9m
of which Trade receivables: +€2.0m
Equity and liabilities
- Other debts +€18.6m
up €18.6m (+50.2%), from €37.0m to €55.6m
- Contributions +€1.6m
up €1.6m (+264.4%), from €615,888 to €2.2m
- Debts after one year -€1.5m
down €1.5m (-60.0%), from €2.5m to €1.0m
- Current portion of long-term debt +€1.0m
new in 2025: €1.0m
Income statement
- Staff costs +€663,769
up €663,769 (+54.2%), from €1.2m to €1.9m
- Financial income +€495,866
up €495,866 (+1298.0%), from €38,201 to €534,067
- Gross operating margin -€177,942
down €177,942 (-7.6%), from €2.3m to €2.2m
- Financial charges -€27,284
down €27,284 (-16.5%), from €165,554 to €138,270
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
€559,234
Gross operating margin
-€177,942
Staff costs
-€663,769
Depreciation
+€17,962
Other operating charges
+€7,576
Other operating items
+€55,574
Financial income
+€495,866
Financial charges
+€27,284
Taxes
-€1,191
Result 2025
€320,595
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
+€16.8m
Investment
-€37.8m
Financing
+€1.1m
Cash 2024
€31.2m
From operations (derived)
+€16.8m
Net result for the year
+€320,595
Depreciation
+€317,731
Stocks and contracts
+€212,961
Receivables within one year
-€1.9m
Smaller working-capital items
-€22,111
Trade debts
-€333,955
Tax, wage and social debts
+€149,420
Advances received
-€528,175
Other debts
+€18.6m
Investment (derived)
-€37.8m
Investment in fixed assets (net)
-€400,521
Current investments
-€37.4m
Financing
+€1.1m
Debts after one year
-€1.5m
Current portion of long-term debt
+€1.0m
Short-term financial debts
+€332
Contributions, distributions and other
+€1.6m
Cash 2025
€11.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,319,550 | €59,648,510 | +€19.3m | +47.9% |
| Fixed assets | 21/28 | €642,406 | €725,196 | +€82,790 | +12.9% |
| Intangible fixed assets | 21 | €532,548 | €613,004 | +€80,456 | +15.1% |
| Tangible fixed assets | 22/27 | €109,009 | €111,342 | +€2,334 | +2.1% |
| Furniture and vehicles | 24 | €42,023 | €41,010 | -€1,013 | -2.4% |
| Other tangible fixed assets | 26 | €66,986 | €70,333 | +€3,347 | +5.0% |
| Financial fixed assets | 28 | €849 | €849 | = | 0.0% |
| Current assets | 29/58 | €39,677,144 | €58,923,314 | +€19.2m | +48.5% |
| Stocks and contracts in progress | 3 | €516,366 | €303,405 | -€212,961 | -41.2% |
| Stocks | 30/36 | €516,366 | €303,405 | -€212,961 | -41.2% |
| Amounts receivable within one year | 40/41 | €7,949,388 | €9,888,002 | +€1.9m | +24.4% |
| Trade receivables | 40 | €7,800,674 | €9,813,343 | +€2.0m | +25.8% |
| Other amounts receivable | 41 | €148,714 | €74,659 | -€74,054 | -49.8% |
| Current investments | 50/53 | - | €37,390,000 | +€37.4m | |
| Cash at bank and in hand | 54/58 | €31,152,899 | €11,255,304 | -€19.9m | -63.9% |
| Deferred charges and accrued income | 490/1 | €58,491 | €86,602 | +€28,111 | +48.1% |
| Total equity and liabilities | 10/49 | €40,319,550 | €59,648,510 | +€19.3m | +47.9% |
| Equity | 10/15 | -€1,083,667 | €865,035 | +€1.9m | |
| Contributions | 10/11 | €615,888 | €2,243,994 | +€1.6m | +264.4% |
| Profit (loss) carried forward | 14 | -€1,699,555 | -€1,378,960 | +€320,595 | +18.9% |
| Amounts payable | 17/49 | €41,403,217 | €58,783,475 | +€17.4m | +42.0% |
| Amounts payable after more than one year | 17 | €2,500,000 | €1,000,000 | -€1.5m | -60.0% |
| Other amounts payable | 178/9 | €2,500,000 | €1,000,000 | -€1.5m | -60.0% |
| Amounts payable within one year | 42/48 | €38,903,217 | €57,777,475 | +€18.9m | +48.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,000,000 | +€1.0m | |
| Financial debts | 43 | - | €332 | +€332 | |
| Credit institutions | 430/8 | - | €332 | +€332 | |
| Trade debts | 44 | €998,419 | €664,464 | -€333,955 | -33.4% |
| Suppliers | 440/4 | €998,419 | €664,464 | -€333,955 | -33.4% |
| Advances received on contracts in progress | 46 | €682,448 | €154,273 | -€528,175 | -77.4% |
| Taxes, remuneration and social security | 45 | €222,011 | €371,430 | +€149,420 | +67.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €222,011 | €371,430 | +€149,420 | +67.3% |
| Other amounts payable | 47/48 | €37,000,339 | €55,586,976 | +€18.6m | +50.2% |
| Accrued charges and deferred income | 492/3 | €0 | €6,000 | +€6,000 | |
| Non-recurring operating income | 76A | €11,527 | €25,850 | +€14,323 | +124.2% |
| Remuneration, social security and pensions | 62 | €1,224,537 | €1,888,305 | +€663,769 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335,694 | €317,731 | -€17,962 | -5.4% |
| Other operating charges | 640/8 | €10,741 | €3,165 | -€7,576 | -70.5% |
| Non-recurring operating charges | 66A | €75,213 | €19,638 | -€55,574 | -73.9% |
| Gross operating margin | 9900 | €2,334,443 | €2,156,502 | -€177,942 | -7.6% |
| Operating profit (loss) | 9901 | €688,259 | -€72,339 | -€760,598 | |
| Financial income | 75/76B | €38,201 | €534,067 | +€495,866 | +1298.0% |
| Recurring financial income | 75 | €38,201 | €534,067 | +€495,866 | +1298.0% |
| Financial charges | 65/66B | €165,554 | €138,270 | -€27,284 | -16.5% |
| Recurring financial charges | 65 | €165,554 | €138,270 | -€27,284 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €560,906 | €323,458 | -€237,448 | -42.3% |
| Income taxes | 67/77 | €1,672 | €2,863 | +€1,191 | +71.2% |
| Profit (loss) for the period | 9904 | €559,234 | €320,595 | -€238,639 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €559,234 | €320,595 | -€238,639 | -42.7% |
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 9 October 2026 via checked.be.