HEXPOL COMPOUNDING: 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
HEXPOL COMPOUNDING
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.4m
2024 · €4.0m-€1.6m
Equity
€57.1m
2024 · €54.6m+€2.4m
Cash
€130,679
2024 · €73,745+€56,934
Balance sheet total
€63.6m
2024 · €60.4m+€3.2m
Largest movements
Assets
- Receivables after one year +€1.5m
up €1.5m (+3.4%), from €45.3m to €46.9m
- Receivables within one year +€1.2m
up €1.2m (+12.2%), from €9.9m to €11.1m
of which Other amounts receivable: +€1.4m
Equity and liabilities
- Profit (loss) carried forward +€2.4m
up €2.4m (+5.0%), from €48.2m to €50.6m
- Trade debts +€831,094
up €831,094 (+17.6%), from €4.7m to €5.6m
Income statement
- Turnover +€1.4m
up €1.4m (+4.5%), from €31.3m to €32.7m
- Goods and materials +€1.2m
up €1.2m (+6.2%), from €19.5m to €20.7m
of which Purchases: +€1.3m
- Financial income -€561,135
down €561,135 (-25.2%), from €2.2m to €1.7m
- Taxes -€556,894
down €556,894 (-41.1%), from €1.4m to €799,031
of which Taxes: -€542,652
- Staff costs +€329,421
up €329,421 (+8.4%), from €3.9m to €4.3m
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
€4.0m
Turnover
+€1.4m
Other operating income
+€110,418
Goods and materials
-€1.2m
Services and other goods
-€285,097
Staff costs
-€329,421
Depreciation
-€78,570
Write-downs
+€27,077
Provisions
-€63,601
Other operating charges
+€4,239
Other operating items
-€1.0m
Financial income
-€561,135
Financial charges
-€116,007
Taxes
+€556,894
Result 2025
€2.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€861,690
Investment
-€804,757
Financing
€0
Cash 2024
€73,745
From operations (derived)
+€861,690
Net result for the year
+€2.4m
Depreciation
+€676,454
Receivables after one year
-€1.5m
Stocks and contracts
-€320,292
Receivables within one year
-€1.2m
Deferred charges and accrued income
+€11,455
Provisions
+€25,562
Trade debts
+€831,094
Tax, wage and social debts
-€75,958
Advances received
+€30,139
Investment (derived)
-€804,757
Investment in fixed assets (net)
-€804,757
Cash 2025
€130,679
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,355,040 | €63,574,933 | +€3.2m | +5.3% |
| Fixed assets | 21/28 | €3,584,514 | €3,712,816 | +€128,302 | +3.6% |
| Intangible fixed assets | 21 | €132,102 | €354,703 | +€222,602 | +169% |
| Tangible fixed assets | 22/27 | €3,450,368 | €3,355,669 | -€94,699 | -2.7% |
| Land and buildings | 22 | €1,460,129 | €1,311,093 | -€149,036 | -10.2% |
| Plant, machinery and equipment | 23 | €1,874,788 | €1,896,250 | +€21,462 | +1.1% |
| Furniture and vehicles | 24 | €115,452 | €147,575 | +€32,124 | +27.8% |
| Assets under construction and advance payments | 27 | - | €750 | +€750 | |
| Financial fixed assets | 28 | €2,044 | €2,444 | +€400 | +19.6% |
| Other financial fixed assets | 284/8 | €2,044 | €2,444 | +€400 | +19.6% |
| Amounts receivable and cash guarantees | 285/8 | €2,044 | €2,444 | +€400 | +19.6% |
| Current assets | 29/58 | €56,770,526 | €59,862,117 | +€3.1m | +5.4% |
| Amounts receivable after more than one year | 29 | €45,333,329 | €46,857,601 | +€1.5m | +3.4% |
| Other amounts receivable | 291 | €45,333,329 | €46,857,601 | +€1.5m | +3.4% |
| Stocks and contracts in progress | 3 | €1,421,445 | €1,741,737 | +€320,292 | +22.5% |
| Stocks | 30/36 | €1,421,445 | €1,741,737 | +€320,292 | +22.5% |
| Raw materials and consumables | 30/31 | €1,334,037 | €1,652,113 | +€318,076 | +23.8% |
| Work in progress | 32 | €83,206 | €85,875 | +€2,669 | +3.2% |
| Finished goods | 33 | €4,202 | €3,749 | -€453 | -10.8% |
| Amounts receivable within one year | 40/41 | €9,870,673 | €11,072,221 | +€1.2m | +12.2% |
| Trade receivables | 40 | €2,163,914 | €1,971,782 | -€192,132 | -8.9% |
| Other amounts receivable | 41 | €7,706,760 | €9,100,440 | +€1.4m | +18.1% |
| Cash at bank and in hand | 54/58 | €73,745 | €130,679 | +€56,934 | +77.2% |
| Deferred charges and accrued income | 490/1 | €71,333 | €59,878 | -€11,455 | -16.1% |
| Total equity and liabilities | 10/49 | €60,355,040 | €63,574,933 | +€3.2m | +5.3% |
| Equity | 10/15 | €54,645,515 | €57,054,572 | +€2.4m | +4.4% |
| Contributions | 10/11 | €5,892,789 | €5,892,789 | = | 0.0% |
| Reserves | 13 | €589,279 | €589,279 | = | 0.0% |
| Distributable reserves | 133 | €589,279 | €589,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,163,448 | €50,572,505 | +€2.4m | +5.0% |
| Provisions and deferred taxes | 16 | €150,942 | €176,504 | +€25,562 | +16.9% |
| Provisions for liabilities and charges | 160/5 | €150,942 | €176,504 | +€25,562 | +16.9% |
| Pensions and similar obligations | 160 | €51,926 | €46,662 | -€5,264 | -10.1% |
| Other liabilities and charges | 164/5 | €99,016 | €129,842 | +€30,826 | +31.1% |
| Amounts payable | 17/49 | €5,558,582 | €6,343,857 | +€785,275 | +14.1% |
| Amounts payable within one year | 42/48 | €5,558,582 | €6,343,857 | +€785,275 | +14.1% |
| Trade debts | 44 | €4,726,732 | €5,557,826 | +€831,094 | +17.6% |
| Suppliers | 440/4 | €4,726,732 | €5,557,826 | +€831,094 | +17.6% |
| Advances received on contracts in progress | 46 | - | €30,139 | +€30,139 | |
| Taxes, remuneration and social security | 45 | €831,850 | €755,892 | -€75,958 | -9.1% |
| Taxes | 450/3 | €281,624 | €143,387 | -€138,237 | -49.1% |
| Remuneration and social security | 454/9 | €550,226 | €612,505 | +€62,279 | +11.3% |
| Operating income | 70/76A | €32,462,795 | €32,920,107 | +€457,312 | +1.4% |
| Turnover | 70 | €31,327,285 | €32,729,471 | +€1.4m | +4.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,696 | -€453 | +€1,243 | +73.3% |
| Own construction capitalised | 72 | €4,988 | - | -€4,988 | |
| Other operating income | 74 | €80,671 | €191,089 | +€110,418 | +137% |
| Non-recurring operating income | 76A | €1,051,548 | - | -€1.1m | |
| Operating charges | 60/66A | €28,918,596 | €30,850,770 | +€1.9m | +6.7% |
| Goods for resale, raw materials and consumables | 60 | €19,532,165 | €20,747,026 | +€1.2m | +6.2% |
| Purchases | 600/8 | €19,740,930 | €21,088,078 | +€1.3m | +6.8% |
| Change in stocks: decrease (increase) | 609 | -€208,765 | -€341,052 | -€132,287 | -63.4% |
| Services and other goods | 61 | €4,750,314 | €5,035,410 | +€285,097 | +6.0% |
| Remuneration, social security and pensions | 62 | €3,938,480 | €4,267,901 | +€329,421 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597,884 | €676,454 | +€78,570 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,327 | €21,250 | -€27,077 | -56.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€38,039 | €25,562 | +€63,601 | |
| Other operating charges | 640/8 | €81,405 | €77,166 | -€4,239 | -5.2% |
| Non-recurring operating charges | 66A | €8,060 | - | -€8,060 | |
| Operating profit (loss) | 9901 | €3,544,199 | €2,069,337 | -€1.5m | -41.6% |
| Financial income | 75/76B | €2,229,400 | €1,668,265 | -€561,135 | -25.2% |
| Recurring financial income | 75 | €2,229,400 | €1,668,265 | -€561,135 | -25.2% |
| Income from current assets | 751 | €2,229,013 | €1,667,053 | -€561,960 | -25.2% |
| Other financial income | 752/9 | €387 | €1,212 | +€825 | +213% |
| Financial charges | 65/66B | €413,507 | €529,515 | +€116,007 | +28.1% |
| Recurring financial charges | 65 | €413,507 | €529,515 | +€116,007 | +28.1% |
| Debt charges | 650 | €0 | - | -€0 | |
| Other financial charges | 652/9 | €413,507 | €529,515 | +€116,007 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €5,360,092 | €3,208,088 | -€2.2m | -40.1% |
| Income taxes | 67/77 | €1,355,925 | €799,031 | -€556,894 | -41.1% |
| Taxes | 670/3 | €1,355,925 | €813,273 | -€542,652 | -40.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €14,243 | +€14,243 | |
| Profit (loss) for the period | 9904 | €4,004,167 | €2,409,057 | -€1.6m | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,004,167 | €2,409,057 | -€1.6m | -39.8% |
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 15 October 2026 via checked.be.