HEXIA: 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.
HEXIA
Largest movements
- Stocks and contracts +€249,405
up €249,405 (+62.7%), from €397,752 to €647,157
- Receivables within one year +€214,616
up €214,616 (+113.9%), from €188,407 to €403,024
of which Other amounts receivable: +€217,077
- Cash +€195,758
up €195,758 (+619.1%), from €31,618 to €227,376
mainly Other debts (+€440,100) and Short-term financial debts (+€250,000)
- Tangible fixed assets -€13,307
down €13,307 (-100.0%), from €13,307 to €0
of which Furniture and vehicles: -€13,307
- Other debts +€440,100
up €440,100, from €0 to €440,100
- Short-term financial debts +€250,000
up €250,000, from €0 to €250,000
- Profit (loss) carried forward -€35,985
down €35,985 (-46.1%), from -€77,990 to -€113,975
- Trade debts -€14,223
down €14,223 (-12.1%), from €117,119 to €102,896
- Gross operating margin -€30,393
down €30,393, from €18,519 to -€11,874
- Depreciation -€8,868
down €8,868 (-40.0%), from €22,175 to €13,307
- Financial income +€6,650
up €6,650 (+272.8%), from €2,438 to €9,088
- Other operating charges +€2,556
up €2,556 (+50.9%), from €5,021 to €7,577
- Financial charges +€869
up €869 (+8.3%), from €10,406 to €11,275
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €640,069 | €1,286,426 | +€646,357 | +101.0% |
| Fixed assets | 21/28 | €13,307 | €0 | -€13,307 | -100.0% |
| Tangible fixed assets | 22/27 | €13,307 | €0 | -€13,307 | -100.0% |
| Furniture and vehicles | 24 | €13,307 | €0 | -€13,307 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €626,762 | €1,286,426 | +€659,664 | +105.2% |
| Stocks and contracts in progress | 3 | €397,752 | €647,157 | +€249,405 | +62.7% |
| Stocks | 30/36 | €397,752 | €647,157 | +€249,405 | +62.7% |
| Amounts receivable within one year | 40/41 | €188,407 | €403,024 | +€214,616 | +113.9% |
| Trade receivables | 40 | €4,291 | €1,831 | -€2,460 | -57.3% |
| Other amounts receivable | 41 | €184,116 | €401,193 | +€217,077 | +117.9% |
| Cash at bank and in hand | 54/58 | €31,618 | €227,376 | +€195,758 | +619.1% |
| Deferred charges and accrued income | 490/1 | €8,985 | €8,869 | -€115 | -1.3% |
| Total equity and liabilities | 10/49 | €640,069 | €1,286,426 | +€646,357 | +101.0% |
| Equity | 10/15 | €522,939 | €486,954 | -€35,985 | -6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €582,329 | €582,329 | = | 0.0% |
| Distributable reserves | 133 | €582,329 | €582,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,990 | -€113,975 | -€35,985 | -46.1% |
| Amounts payable | 17/49 | €117,129 | €799,472 | +€682,342 | +582.6% |
| Amounts payable within one year | 42/48 | €117,129 | €794,037 | +€676,908 | +577.9% |
| Financial debts | 43 | €0 | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | €0 | €250,000 | +€250,000 | |
| Trade debts | 44 | €117,119 | €102,896 | -€14,223 | -12.1% |
| Suppliers | 440/4 | €117,119 | €102,896 | -€14,223 | -12.1% |
| Taxes, remuneration and social security | 45 | €10 | €1,041 | +€1,031 | +10226.6% |
| Taxes | 450/3 | €10 | €1,041 | +€1,031 | +10226.6% |
| Other amounts payable | 47/48 | €0 | €440,100 | +€440,100 | |
| Accrued charges and deferred income | 492/3 | €0 | €5,435 | +€5,435 | |
| Non-recurring operating income | 76A | €6,230 | €0 | -€6,230 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,175 | €13,307 | -€8,868 | -40.0% |
| Other operating charges | 640/8 | €5,021 | €7,577 | +€2,556 | +50.9% |
| Gross operating margin | 9900 | €18,519 | -€11,874 | -€30,393 | |
| Operating profit (loss) | 9901 | -€8,677 | -€32,757 | -€24,081 | -277.5% |
| Financial income | 75/76B | €2,438 | €9,088 | +€6,650 | +272.8% |
| Recurring financial income | 75 | €2,438 | €9,088 | +€6,650 | +272.8% |
| Financial charges | 65/66B | €10,406 | €11,275 | +€869 | +8.3% |
| Recurring financial charges | 65 | €10,406 | €11,275 | +€869 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,644 | -€34,944 | -€18,300 | -109.9% |
| Income taxes | 67/77 | €1,010 | €1,041 | +€31 | +3.1% |
| Profit (loss) for the period | 9904 | -€17,655 | -€35,985 | -€18,331 | -103.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,655 | -€35,985 | -€18,331 | -103.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.