Hexia Construct: 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 Construct
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+146.6%), from €1.1m to €2.7m
- Receivables within one year +€40,611
up €40,611 (+29.0%), from €140,072 to €180,682
of which Trade receivables: +€179,098
- Cash +€40,358
up €40,358 (+308.6%), from €13,076 to €53,434
- Other debts +€1.2m
up €1.2m (+171.3%), from €701,338 to €1.9m
- Short-term financial debts +€423,503
up €423,503 (+87.0%), from €486,585 to €910,088
- Financial charges +€117,768
up €117,768 (+578.5%), from €20,358 to €138,126
- Gross operating margin +€91,112
up €91,112 (+176.8%), from €51,523 to €142,635
- Financial income +€12,580
up €12,580 (+151.9%), from €8,283 to €20,863
- Other operating charges +€3,909
up €3,909 (+695.6%), from €562 to €4,471
- Depreciation +€3,866
new in 2025: €3,866
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,244,016 | €2,933,358 | +€1.7m | +135.8% |
| Fixed assets | 21/28 | - | €8,575 | +€8,575 | |
| Tangible fixed assets | 22/27 | - | €8,575 | +€8,575 | |
| Furniture and vehicles | 24 | - | €7,922 | +€7,922 | |
| Other tangible fixed assets | 26 | - | €653 | +€653 | |
| Current assets | 29/58 | €1,244,016 | €2,924,784 | +€1.7m | +135.1% |
| Stocks and contracts in progress | 3 | €1,084,280 | €2,673,327 | +€1.6m | +146.6% |
| Stocks | 30/36 | €1,084,280 | €2,673,327 | +€1.6m | +146.6% |
| Amounts receivable within one year | 40/41 | €140,072 | €180,682 | +€40,611 | +29.0% |
| Trade receivables | 40 | €1,585 | €180,682 | +€179,098 | +11302.0% |
| Other amounts receivable | 41 | €138,487 | €0 | -€138,487 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,076 | €53,434 | +€40,358 | +308.6% |
| Deferred charges and accrued income | 490/1 | €6,588 | €17,341 | +€10,752 | +163.2% |
| Total equity and liabilities | 10/49 | €1,244,016 | €2,933,358 | +€1.7m | +135.8% |
| Equity | 10/15 | €41,058 | €53,771 | +€12,713 | +31.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €31,058 | €43,771 | +€12,713 | +40.9% |
| Distributable reserves | 133 | €31,058 | €43,771 | +€12,713 | +40.9% |
| Amounts payable | 17/49 | €1,202,958 | €2,879,587 | +€1.7m | +139.4% |
| Amounts payable within one year | 42/48 | €1,202,827 | €2,873,320 | +€1.7m | +138.9% |
| Financial debts | 43 | €486,585 | €910,088 | +€423,503 | +87.0% |
| Credit institutions | 430/8 | €486,585 | €910,088 | +€423,503 | +87.0% |
| Trade debts | 44 | €7,040 | €35,571 | +€28,531 | +405.3% |
| Suppliers | 440/4 | €7,040 | €35,571 | +€28,531 | +405.3% |
| Taxes, remuneration and social security | 45 | €7,865 | €24,674 | +€16,809 | +213.7% |
| Taxes | 450/3 | €7,865 | €22,824 | +€14,959 | +190.2% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €701,338 | €1,902,987 | +€1.2m | +171.3% |
| Accrued charges and deferred income | 492/3 | €131 | €6,267 | +€6,136 | +4700.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,866 | +€3,866 | |
| Other operating charges | 640/8 | €562 | €4,471 | +€3,909 | +695.6% |
| Gross operating margin | 9900 | €51,523 | €142,635 | +€91,112 | +176.8% |
| Operating profit (loss) | 9901 | €50,961 | €134,297 | +€83,336 | +163.5% |
| Financial income | 75/76B | €8,283 | €20,863 | +€12,580 | +151.9% |
| Recurring financial income | 75 | €8,283 | €20,863 | +€12,580 | +151.9% |
| Financial charges | 65/66B | €20,358 | €138,126 | +€117,768 | +578.5% |
| Recurring financial charges | 65 | €20,358 | €138,126 | +€117,768 | +578.5% |
| Profit (loss) for the period before taxes | 9903 | €38,886 | €17,034 | -€21,852 | -56.2% |
| Income taxes | 67/77 | €7,828 | €4,321 | -€3,507 | -44.8% |
| Profit (loss) for the period | 9904 | €31,058 | €12,713 | -€18,345 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,058 | €12,713 | -€18,345 | -59.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.