HXT: what changed
Two fiscal 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.
HXT
Largest movements
- Receivables within one year +€138,343
up €138,343 (+186.7%), from €74,090 to €212,433
of which Trade receivables: +€149,526
- Cash +€76,634
up €76,634 (+95.8%), from €80,020 to €156,654
mainly Net result for the year (+€173,750) and Tax, wage and social debts (+€42,110)
- Tangible fixed assets -€22,555
down €22,555 (-25.7%), from €87,797 to €65,242
of which Furniture and vehicles: -€22,097
- Financial fixed assets +€14,310
new in 2025: €14,310
- Profit (loss) carried forward +€85,750
up €85,750 (+73.1%), from €117,283 to €203,034
- Reserves +€80,000
new in 2025: €80,000
- Tax, wage and social debts +€42,110
up €42,110 (+162.0%), from €25,990 to €68,100
of which Taxes: +€24,566
- Current portion of long-term debt +€35,426
up €35,426 (+626.0%), from €5,659 to €41,085
- Debts after one year -€20,700
no longer reported in 2025 (was €20,700)
- Gross operating margin +€202,171
up €202,171 (+111.2%), from €181,874 to €384,046
- Staff costs +€74,775
up €74,775 (+170.4%), from €43,885 to €118,660
- Taxes +€29,436
up €29,436 (+119.0%), from €24,736 to €54,172
- Depreciation +€15,365
up €15,365 (+102.5%), from €14,984 to €30,348
- Other operating charges -€4,001
down €4,001 (-59.8%), from €6,692 to €2,691
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 | €242,350 | €449,414 | +€207,064 | +85.4% |
| Fixed assets | 21/28 | €87,797 | €79,552 | -€8,245 | -9.4% |
| Tangible fixed assets | 22/27 | €87,797 | €65,242 | -€22,555 | -25.7% |
| Plant, machinery and equipment | 23 | €13,480 | €13,022 | -€458 | -3.4% |
| Furniture and vehicles | 24 | €74,317 | €52,220 | -€22,097 | -29.7% |
| Financial fixed assets | 28 | - | €14,310 | +€14,310 | |
| Current assets | 29/58 | €154,553 | €369,862 | +€215,309 | +139.3% |
| Amounts receivable within one year | 40/41 | €74,090 | €212,433 | +€138,343 | +186.7% |
| Trade receivables | 40 | €57,291 | €206,817 | +€149,526 | +261.0% |
| Other amounts receivable | 41 | €16,799 | €5,616 | -€11,183 | -66.6% |
| Cash at bank and in hand | 54/58 | €80,020 | €156,654 | +€76,634 | +95.8% |
| Deferred charges and accrued income | 490/1 | €444 | €775 | +€332 | +74.8% |
| Total equity and liabilities | 10/49 | €242,350 | €449,414 | +€207,064 | +85.4% |
| Equity | 10/15 | €118,783 | €284,534 | +€165,750 | +139.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €80,000 | +€80,000 | |
| Distributable reserves | 133 | - | €80,000 | +€80,000 | |
| Profit (loss) carried forward | 14 | €117,283 | €203,034 | +€85,750 | +73.1% |
| Amounts payable | 17/49 | €123,567 | €164,880 | +€41,313 | +33.4% |
| Amounts payable after more than one year | 17 | €20,700 | - | -€20,700 | |
| Financial debts | 170/4 | €20,700 | - | -€20,700 | |
| Amounts payable within one year | 42/48 | €96,867 | €156,789 | +€59,922 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €5,659 | €41,085 | +€35,426 | +626.0% |
| Trade debts | 44 | €53,754 | €36,272 | -€17,482 | -32.5% |
| Suppliers | 440/4 | €53,754 | €36,272 | -€17,482 | -32.5% |
| Taxes, remuneration and social security | 45 | €25,990 | €68,100 | +€42,110 | +162.0% |
| Taxes | 450/3 | €24,736 | €49,302 | +€24,566 | +99.3% |
| Remuneration and social security | 454/9 | €1,254 | €18,798 | +€17,544 | +1398.8% |
| Other amounts payable | 47/48 | €11,464 | €11,332 | -€132 | -1.2% |
| Accrued charges and deferred income | 492/3 | €6,000 | €8,091 | +€2,091 | +34.9% |
| Remuneration, social security and pensions | 62 | €43,885 | €118,660 | +€74,775 | +170.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,984 | €30,348 | +€15,365 | +102.5% |
| Other operating charges | 640/8 | €6,692 | €2,691 | -€4,001 | -59.8% |
| Gross operating margin | 9900 | €181,874 | €384,046 | +€202,171 | +111.2% |
| Operating profit (loss) | 9901 | €116,314 | €232,346 | +€116,032 | +99.8% |
| Financial income | 75/76B | €3 | €1 | -€2 | -74.3% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -74.3% |
| Financial charges | 65/66B | €2,007 | €4,425 | +€2,418 | +120.5% |
| Recurring financial charges | 65 | €2,007 | €4,425 | +€2,418 | +120.5% |
| Profit (loss) for the period before taxes | 9903 | €114,310 | €227,922 | +€113,612 | +99.4% |
| Income taxes | 67/77 | €24,736 | €54,172 | +€29,436 | +119.0% |
| Profit (loss) for the period | 9904 | €89,574 | €173,750 | +€84,176 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,574 | €173,750 | +€84,176 | +94.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.