HXLC: 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.
HXLC
Largest movements
- Tangible fixed assets +€32,076
up €32,076 (+14425.4%), from €222 to €32,299
- Cash -€1,734
down €1,734 (-12.1%), from €14,276 to €12,542
mainly Investment in fixed assets (net) (-€39,094) and Net result for the year (-€4,057)
- Debts after one year +€23,144
new in 2025: €23,144
- Current portion of long-term debt +€6,983
new in 2025: €6,983
- Tax, wage and social debts +€5,548
up €5,548 (+87.1%), from €6,373 to €11,921
of which Taxes: +€3,980
- Reserves -€4,057
down €4,057 (-57.2%), from €7,086 to €3,029
of which Distributable reserves: -€4,057
- Trade debts -€2,090
down €2,090 (-49.7%), from €4,208 to €2,118
- Depreciation +€6,812
up €6,812 (+3315.6%), from €205 to €7,017
- Gross operating margin +€6,456
up €6,456 (+12.1%), from €53,374 to €59,831
- Staff costs +€2,104
up €2,104 (+4.1%), from €50,948 to €53,052
- Financial charges +€1,165
up €1,165 (+617.3%), from €189 to €1,354
- Other operating charges +€1,053
up €1,053 (+119.0%), from €885 to €1,938
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 | €36,374 | €65,795 | +€29,421 | +80.9% |
| Fixed assets | 21/28 | €299 | €32,376 | +€32,076 | +10712.1% |
| Tangible fixed assets | 22/27 | €222 | €32,299 | +€32,076 | +14425.4% |
| Furniture and vehicles | 24 | €222 | €32,299 | +€32,076 | +14425.4% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €36,075 | €33,420 | -€2,655 | -7.4% |
| Amounts receivable within one year | 40/41 | €19,973 | €19,428 | -€545 | -2.7% |
| Trade receivables | 40 | €17,001 | €15,029 | -€1,971 | -11.6% |
| Other amounts receivable | 41 | €2,972 | €4,399 | +€1,426 | +48.0% |
| Cash at bank and in hand | 54/58 | €14,276 | €12,542 | -€1,734 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,826 | €1,450 | -€376 | -20.6% |
| Total equity and liabilities | 10/49 | €36,374 | €65,795 | +€29,421 | +80.9% |
| Equity | 10/15 | €25,686 | €21,629 | -€4,057 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,086 | €3,029 | -€4,057 | -57.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,226 | €1,169 | -€4,057 | -77.6% |
| Amounts payable | 17/49 | €10,688 | €44,166 | +€33,478 | +313.2% |
| Amounts payable after more than one year | 17 | - | €23,144 | +€23,144 | |
| Financial debts | 170/4 | - | €23,144 | +€23,144 | |
| Amounts payable within one year | 42/48 | €10,688 | €21,022 | +€10,333 | +96.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,983 | +€6,983 | |
| Trade debts | 44 | €4,208 | €2,118 | -€2,090 | -49.7% |
| Suppliers | 440/4 | €4,208 | €2,118 | -€2,090 | -49.7% |
| Taxes, remuneration and social security | 45 | €6,373 | €11,921 | +€5,548 | +87.1% |
| Taxes | 450/3 | €2,414 | €6,394 | +€3,980 | +164.8% |
| Remuneration and social security | 454/9 | €3,959 | €5,527 | +€1,568 | +39.6% |
| Other amounts payable | 47/48 | €107 | - | -€107 | |
| Remuneration, social security and pensions | 62 | €50,948 | €53,052 | +€2,104 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €7,017 | +€6,812 | +3315.6% |
| Other operating charges | 640/8 | €885 | €1,938 | +€1,053 | +119.0% |
| Gross operating margin | 9900 | €53,374 | €59,831 | +€6,456 | +12.1% |
| Operating profit (loss) | 9901 | €1,337 | -€2,176 | -€3,513 | |
| Financial income | 75/76B | €48 | €73 | +€24 | +50.5% |
| Recurring financial income | 75 | €48 | €73 | +€24 | +50.5% |
| Financial charges | 65/66B | €189 | €1,354 | +€1,165 | +617.3% |
| Recurring financial charges | 65 | €189 | €1,354 | +€1,165 | +617.3% |
| Profit (loss) for the period before taxes | 9903 | €1,196 | -€3,457 | -€4,654 | |
| Income taxes | 67/77 | €1,069 | €599 | -€470 | -44.0% |
| Profit (loss) for the period | 9904 | €127 | -€4,057 | -€4,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €127 | -€4,057 | -€4,183 |
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 9 October 2026 via checked.be.