HIXEM: 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.
HIXEM
Largest movements
- Current investments +€57,000
new in 2025: €57,000
- Cash -€45,530
down €45,530 (-33.6%), from €135,339 to €89,809
mainly Current investments (-€57,000) and Contributions, distributions and other (-€53,529)
- Receivables within one year -€12,333
down €12,333 (-91.2%), from €13,518 to €1,185
of which Trade receivables: -€11,356
- Tangible fixed assets -€4,149
down €4,149 (-27.0%), from €15,360 to €11,212
of which Furniture and vehicles: -€3,141
- Other debts -€12,000
down €12,000 (-36.9%), from €32,500 to €20,500
- Trade debts +€9,518
up €9,518 (+888.0%), from €1,072 to €10,590
- Tax, wage and social debts -€8,563
down €8,563 (-21.6%), from €39,571 to €31,008
of which Taxes: -€8,563
- Profit (loss) carried forward +€6,434
up €6,434 (+6.6%), from €96,873 to €103,306
- Depreciation -€9,605
down €9,605 (-80.4%), from €11,947 to €2,342
- Other operating charges +€2,278
up €2,278 (+285.7%), from €798 to €3,076
- Gross operating margin +€1,087
up €1,087 (+1.4%), from €80,429 to €81,516
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 | €172,048 | €168,666 | -€3,382 | -2.0% |
| Fixed assets | 21/28 | €15,810 | €11,662 | -€4,149 | -26.2% |
| Tangible fixed assets | 22/27 | €15,360 | €11,212 | -€4,149 | -27.0% |
| Furniture and vehicles | 24 | €5,564 | €2,424 | -€3,141 | -56.4% |
| Other tangible fixed assets | 26 | €9,796 | €8,788 | -€1,008 | -10.3% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €156,238 | €157,005 | +€767 | +0.5% |
| Amounts receivable after more than one year | 29 | €5,378 | €5,680 | +€302 | +5.6% |
| Other amounts receivable | 291 | €5,378 | €5,680 | +€302 | +5.6% |
| Amounts receivable within one year | 40/41 | €13,518 | €1,185 | -€12,333 | -91.2% |
| Trade receivables | 40 | €12,291 | €935 | -€11,356 | -92.4% |
| Other amounts receivable | 41 | €1,227 | €250 | -€977 | -79.6% |
| Current investments | 50/53 | - | €57,000 | +€57,000 | |
| Cash at bank and in hand | 54/58 | €135,339 | €89,809 | -€45,530 | -33.6% |
| Deferred charges and accrued income | 490/1 | €2,003 | €3,331 | +€1,328 | +66.3% |
| Total equity and liabilities | 10/49 | €172,048 | €168,666 | -€3,382 | -2.0% |
| Equity | 10/15 | €98,873 | €105,306 | +€6,434 | +6.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,873 | €103,306 | +€6,434 | +6.6% |
| Amounts payable | 17/49 | €73,176 | €63,360 | -€9,816 | -13.4% |
| Amounts payable within one year | 42/48 | €73,176 | €63,360 | -€9,816 | -13.4% |
| Financial debts | 43 | €33 | €1,262 | +€1,229 | +3727.2% |
| Credit institutions | 430/8 | €33 | €1,262 | +€1,229 | +3727.2% |
| Trade debts | 44 | €1,072 | €10,590 | +€9,518 | +888.0% |
| Suppliers | 440/4 | €1,072 | €10,590 | +€9,518 | +888.0% |
| Taxes, remuneration and social security | 45 | €39,571 | €31,008 | -€8,563 | -21.6% |
| Taxes | 450/3 | €39,571 | €31,008 | -€8,563 | -21.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €32,500 | €20,500 | -€12,000 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,947 | €2,342 | -€9,605 | -80.4% |
| Other operating charges | 640/8 | €798 | €3,076 | +€2,278 | +285.7% |
| Gross operating margin | 9900 | €80,429 | €81,516 | +€1,087 | +1.4% |
| Operating profit (loss) | 9901 | €67,684 | €76,097 | +€8,413 | +12.4% |
| Financial income | 75/76B | €339 | €513 | +€174 | +51.2% |
| Recurring financial income | 75 | €339 | €513 | +€174 | +51.2% |
| Financial charges | 65/66B | €117 | €611 | +€494 | +422.1% |
| Recurring financial charges | 65 | €117 | €611 | +€494 | +422.1% |
| Profit (loss) for the period before taxes | 9903 | €67,906 | €75,999 | +€8,093 | +11.9% |
| Income taxes | 67/77 | €15,706 | €16,036 | +€330 | +2.1% |
| Profit (loss) for the period | 9904 | €52,201 | €59,963 | +€7,763 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,201 | €59,963 | +€7,763 | +14.9% |
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 12 October 2026 via checked.be.