HLX Capital: what changed
HLX Capital
Largest movements
- Tangible fixed assets -€35,020
down €35,020 (-8.4%), from €415,778 to €380,758
of which Plant, machinery and equipment: -€35,020
- Receivables within one year +€29,806
up €29,806 (+33,870%), from €88 to €29,894
- Revaluation surpluses -€35,000
down €35,000 (-11.1%), from €314,616 to €279,616
- Reserves +€19,328
up €19,328 (+19.9%), from €96,914 to €116,242
- Tax, wage and social debts +€7,055
up €7,055 (+379%), from €1,863 to €8,918
- Gross operating margin -€5,669
down €5,669 (-17.4%), from €32,645 to €26,976
- Taxes -€1,076
down €1,076 (-13.3%), from €8,112 to €7,036
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,688 | €411,376 | -€8,312 | -2.0% |
| Fixed assets | 21/28 | €415,778 | €380,758 | -€35,020 | -8.4% |
| Tangible fixed assets | 22/27 | €415,778 | €380,758 | -€35,020 | -8.4% |
| Plant, machinery and equipment | 23 | €314,696 | €279,676 | -€35,020 | -11.1% |
| Leasing and similar rights | 25 | €101,082 | €101,082 | = | 0.0% |
| Current assets | 29/58 | €3,910 | €30,618 | +€26,708 | +683% |
| Amounts receivable within one year | 40/41 | €88 | €29,894 | +€29,806 | +33,870% |
| Other amounts receivable | 41 | €88 | €29,894 | +€29,806 | +33,870% |
| Cash at bank and in hand | 54/58 | €3,822 | €724 | -€3,098 | -81.1% |
| Total equity and liabilities | 10/49 | €419,688 | €411,376 | -€8,312 | -2.0% |
| Equity | 10/15 | €417,730 | €402,058 | -€15,672 | -3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €314,616 | €279,616 | -€35,000 | -11.1% |
| Reserves | 13 | €96,914 | €116,242 | +€19,328 | +19.9% |
| Distributable reserves | 133 | €96,914 | €116,242 | +€19,328 | +19.9% |
| Amounts payable | 17/49 | €1,958 | €9,318 | +€7,360 | +376% |
| Amounts payable within one year | 42/48 | €1,958 | €9,318 | +€7,360 | +376% |
| Trade debts | 44 | €95 | €400 | +€305 | +321% |
| Suppliers | 440/4 | €95 | €400 | +€305 | +321% |
| Taxes, remuneration and social security | 45 | €1,863 | €8,918 | +€7,055 | +379% |
| Taxes | 450/3 | €1,863 | €8,918 | +€7,055 | +379% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,020 | €35,020 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€15 | +3.0% |
| Gross operating margin | 9900 | €32,645 | €26,976 | -€5,669 | -17.4% |
| Operating profit (loss) | 9901 | -€2,880 | -€8,564 | -€5,684 | -197% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €71 | €72 | +€1 | +1.4% |
| Recurring financial charges | 65 | €71 | €72 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,950 | -€8,636 | -€5,686 | -193% |
| Income taxes | 67/77 | €8,112 | €7,036 | -€1,076 | -13.3% |
| Profit (loss) for the period | 9904 | -€11,062 | -€15,672 | -€4,610 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,062 | -€15,672 | -€4,610 | -41.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.