HEXEO: 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.
HEXEO
Largest movements
- Cash +€21,368
up €21,368 (+41.7%), from €51,294 to €72,662
mainly Net result for the year (+€17,716) and Depreciation (+€12,032)
- Tangible fixed assets -€4,724
down €4,724 (-21.4%), from €22,097 to €17,373
of which Furniture and vehicles: -€4,046
- Receivables within one year -€4,322
down €4,322 (-48.8%), from €8,860 to €4,537
of which Other amounts receivable: -€3,803
- Financial fixed assets +€2,500
up €2,500 (+135.1%), from €1,850 to €4,350
- Profit (loss) carried forward +€17,716
up €17,716 (+32.4%), from €54,730 to €72,446
- Debts after one year -€4,505
no longer reported in 2025 (was €4,505)
- Tax, wage and social debts +€3,213
up €3,213 (+53.1%), from €6,050 to €9,263
- Current portion of long-term debt -€1,415
down €1,415 (-23.9%), from €5,920 to €4,505
- Gross operating margin +€14,763
up €14,763 (+67.2%), from €21,960 to €36,722
- Taxes +€3,948
up €3,948 (+197.4%), from €2,000 to €5,948
- Depreciation +€1,371
up €1,371 (+12.9%), from €10,661 to €12,032
- Staff costs -€590
no longer reported in 2025 (was €590)
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 | €85,761 | €100,528 | +€14,766 | +17.2% |
| Fixed assets | 21/28 | €23,947 | €21,723 | -€2,224 | -9.3% |
| Tangible fixed assets | 22/27 | €22,097 | €17,373 | -€4,724 | -21.4% |
| Plant, machinery and equipment | 23 | €1,262 | €585 | -€677 | -53.7% |
| Furniture and vehicles | 24 | €20,835 | €16,789 | -€4,046 | -19.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,850 | €4,350 | +€2,500 | +135.1% |
| Current assets | 29/58 | €61,814 | €78,804 | +€16,990 | +27.5% |
| Amounts receivable within one year | 40/41 | €8,860 | €4,537 | -€4,322 | -48.8% |
| Trade receivables | 40 | €3,446 | €2,927 | -€519 | -15.1% |
| Other amounts receivable | 41 | €5,414 | €1,610 | -€3,803 | -70.3% |
| Cash at bank and in hand | 54/58 | €51,294 | €72,662 | +€21,368 | +41.7% |
| Deferred charges and accrued income | 490/1 | €1,661 | €1,605 | -€56 | -3.4% |
| Total equity and liabilities | 10/49 | €85,761 | €100,528 | +€14,766 | +17.2% |
| Equity | 10/15 | €68,737 | €86,453 | +€17,716 | +25.8% |
| Contributions | 10/11 | €5 | €5 | = | 0.0% |
| Reserves | 13 | €14,002 | €14,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,002 | €14,002 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,002 | €14,002 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €54,730 | €72,446 | +€17,716 | +32.4% |
| Amounts payable | 17/49 | €17,024 | €14,074 | -€2,950 | -17.3% |
| Amounts payable after more than one year | 17 | €4,505 | - | -€4,505 | |
| Financial debts | 170/4 | €4,505 | - | -€4,505 | |
| Amounts payable within one year | 42/48 | €12,519 | €14,074 | +€1,555 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €5,920 | €4,505 | -€1,415 | -23.9% |
| Trade debts | 44 | €549 | €306 | -€242 | -44.2% |
| Suppliers | 440/4 | €549 | €306 | -€242 | -44.2% |
| Taxes, remuneration and social security | 45 | €6,050 | €9,263 | +€3,213 | +53.1% |
| Taxes | 450/3 | €6,050 | €9,263 | +€3,213 | +53.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €590 | - | -€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,661 | €12,032 | +€1,371 | +12.9% |
| Other operating charges | 640/8 | €735 | €523 | -€212 | -28.8% |
| Gross operating margin | 9900 | €21,960 | €36,722 | +€14,763 | +67.2% |
| Operating profit (loss) | 9901 | €9,974 | €24,167 | +€14,194 | +142.3% |
| Financial income | 75/76B | €307 | €196 | -€111 | -36.2% |
| Recurring financial income | 75 | €307 | €196 | -€111 | -36.2% |
| Financial charges | 65/66B | €506 | €700 | +€194 | +38.3% |
| Recurring financial charges | 65 | €506 | €700 | +€194 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €9,775 | €23,664 | +€13,889 | +142.1% |
| Income taxes | 67/77 | €2,000 | €5,948 | +€3,948 | +197.4% |
| Profit (loss) for the period | 9904 | €7,775 | €17,716 | +€9,941 | +127.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,775 | €17,716 | +€9,941 | +127.9% |
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 7 October 2026 via checked.be.