HXGN: 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.
HXGN
Largest movements
- Receivables within one year +€421,994
up €421,994 (+24.1%), from €1.8m to €2.2m
of which Other amounts receivable: +€528,323
- Cash +€178,658
up €178,658 (+89.8%), from €198,881 to €377,540
mainly Trade debts (+€415,548) and Net result for the year (+€169,765)
- Trade debts +€415,548
up €415,548 (+30.5%), from €1.4m to €1.8m
- Reserves +€169,765
up €169,765 (+30.2%), from €562,405 to €732,171
- Gross operating margin +€185,601
up €185,601 (+386.1%), from €48,077 to €233,677
- Taxes +€49,466
up €49,466 (+376.1%), from €13,154 to €62,620
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 | €1,961,122 | €2,571,774 | +€610,652 | +31.1% |
| Fixed assets | 21/28 | €11,247 | €21,247 | +€10,000 | +88.9% |
| Financial fixed assets | 28 | €11,247 | €21,247 | +€10,000 | +88.9% |
| Current assets | 29/58 | €1,949,875 | €2,550,527 | +€600,652 | +30.8% |
| Amounts receivable within one year | 40/41 | €1,750,994 | €2,172,988 | +€421,994 | +24.1% |
| Trade receivables | 40 | €237,873 | €131,544 | -€106,329 | -44.7% |
| Other amounts receivable | 41 | €1,513,121 | €2,041,444 | +€528,323 | +34.9% |
| Cash at bank and in hand | 54/58 | €198,881 | €377,540 | +€178,658 | +89.8% |
| Total equity and liabilities | 10/49 | €1,961,122 | €2,571,774 | +€610,652 | +31.1% |
| Equity | 10/15 | €572,405 | €742,171 | +€169,765 | +29.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €562,405 | €732,171 | +€169,765 | +30.2% |
| Distributable reserves | 133 | €562,405 | €732,171 | +€169,765 | +30.2% |
| Amounts payable | 17/49 | €1,388,716 | €1,829,603 | +€440,887 | +31.7% |
| Amounts payable within one year | 42/48 | €1,388,716 | €1,829,603 | +€440,887 | +31.7% |
| Trade debts | 44 | €1,362,069 | €1,777,617 | +€415,548 | +30.5% |
| Suppliers | 440/4 | €1,362,069 | €1,777,617 | +€415,548 | +30.5% |
| Taxes, remuneration and social security | 45 | €26,648 | €51,986 | +€25,338 | +95.1% |
| Taxes | 450/3 | €26,648 | €51,986 | +€25,338 | +95.1% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Other operating charges | 640/8 | €513 | €1,221 | +€708 | +137.9% |
| Gross operating margin | 9900 | €48,077 | €233,677 | +€185,601 | +386.1% |
| Operating profit (loss) | 9901 | €47,563 | €232,456 | +€184,893 | +388.7% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €47,494 | €232,386 | +€184,891 | +389.3% |
| Income taxes | 67/77 | €13,154 | €62,620 | +€49,466 | +376.1% |
| Profit (loss) for the period | 9904 | €34,341 | €169,765 | +€135,425 | +394.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,341 | €169,765 | +€135,425 | +394.4% |
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 10 October 2026 via checked.be.