HEXGN: 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.
HEXGN
Largest movements
- Cash -€55,090
down €55,090 (-66.8%), from €82,438 to €27,348
mainly Receivables within one year (-€32,133) and Receivables after one year (-€15,831)
- Receivables within one year +€32,133
up €32,133 (+358%), from €8,970 to €41,103
of which Trade receivables: +€26,547
- Receivables after one year +€15,831
up €15,831 (+12.0%), from €132,409 to €148,240
- Tax, wage and social debts -€3,623
down €3,623 (-100%), from €3,623 to €0
of which Remuneration and social security: -€3,500
- Profit (loss) carried forward -€2,636
new in 2025: -€2,636
- Gross operating margin -€75,554
down €75,554 (-91.3%), from €82,756 to €7,202
- Taxes -€22,928
down €22,928 (-99.4%), from €23,078 to €149
- Staff costs +€10,978
new in 2025: €10,978
- Financial charges -€948
down €948 (-31.9%), from €2,967 to €2,019
- Financial income +€895
up €895 (+23.2%), from €3,848 to €4,743
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.
Derived cash bridge
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 | €232,595 | €224,620 | -€7,975 | -3.4% |
| Fixed assets | 21/28 | €4,839 | €3,614 | -€1,225 | -25.3% |
| Tangible fixed assets | 22/27 | €4,839 | €3,614 | -€1,225 | -25.3% |
| Plant, machinery and equipment | 23 | €4,839 | €3,614 | -€1,225 | -25.3% |
| Current assets | 29/58 | €227,756 | €221,007 | -€6,749 | -3.0% |
| Amounts receivable after more than one year | 29 | €132,409 | €148,240 | +€15,831 | +12.0% |
| Other amounts receivable | 291 | €132,409 | €148,240 | +€15,831 | +12.0% |
| Amounts receivable within one year | 40/41 | €8,970 | €41,103 | +€32,133 | +358% |
| Trade receivables | 40 | €983 | €27,529 | +€26,547 | +2,702% |
| Other amounts receivable | 41 | €7,987 | €13,574 | +€5,586 | +69.9% |
| Cash at bank and in hand | 54/58 | €82,438 | €27,348 | -€55,090 | -66.8% |
| Deferred charges and accrued income | 490/1 | €3,939 | €4,316 | +€377 | +9.6% |
| Total equity and liabilities | 10/49 | €232,595 | €224,620 | -€7,975 | -3.4% |
| Equity | 10/15 | €217,064 | €214,429 | -€2,636 | -1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €210,864 | €210,864 | = | 0.0% |
| Distributable reserves | 133 | €210,864 | €210,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,636 | -€2,636 | |
| Amounts payable | 17/49 | €15,531 | €10,192 | -€5,339 | -34.4% |
| Amounts payable within one year | 42/48 | €15,531 | €10,192 | -€5,339 | -34.4% |
| Trade debts | 44 | €11,908 | €10,192 | -€1,716 | -14.4% |
| Suppliers | 440/4 | €11,908 | €10,192 | -€1,716 | -14.4% |
| Taxes, remuneration and social security | 45 | €3,623 | €0 | -€3,623 | -100% |
| Taxes | 450/3 | €123 | €0 | -€123 | -100% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Remuneration, social security and pensions | 62 | - | €10,978 | +€10,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | €1,225 | +€283 | +30.0% |
| Other operating charges | 640/8 | €190 | €209 | +€19 | +10.0% |
| Gross operating margin | 9900 | €82,756 | €7,202 | -€75,554 | -91.3% |
| Operating profit (loss) | 9901 | €81,624 | -€5,210 | -€86,834 | |
| Financial income | 75/76B | €3,848 | €4,743 | +€895 | +23.2% |
| Recurring financial income | 75 | €3,848 | €4,743 | +€895 | +23.2% |
| Financial charges | 65/66B | €2,967 | €2,019 | -€948 | -31.9% |
| Recurring financial charges | 65 | €2,967 | €2,019 | -€948 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €82,506 | -€2,486 | -€84,992 | |
| Income taxes | 67/77 | €23,078 | €149 | -€22,928 | -99.4% |
| Profit (loss) for the period | 9904 | €59,428 | -€2,636 | -€62,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,428 | -€2,636 | -€62,064 |
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 25 October 2026 via checked.be.