BE-HIVE: 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.
BE-HIVE
Largest movements
- Current investments +€240,001
new in 2025: €240,001
- Cash -€103,785
down €103,785 (-55.6%), from €186,561 to €82,776
mainly Contributions, distributions and other (-€390,000) and Current investments (-€240,001)
- Receivables within one year -€18,054
down €18,054 (-29.7%), from €60,810 to €42,756
of which Trade receivables: -€28,624
- Tangible fixed assets -€14,941
down €14,941 (-53.4%), from €28,001 to €13,060
of which Furniture and vehicles: -€13,033
- Other debts +€390,000
new in 2025: €390,000
- Profit (loss) carried forward -€242,027
down €242,027 (-99.9%), from €242,164 to €136
- Debts after one year -€24,976
down €24,976 (-70.2%), from €35,573 to €10,597
- Tax, wage and social debts -€20,785
down €20,785 (-46.3%), from €44,881 to €24,097
of which Taxes: -€20,785
- Taxes -€12,330
down €12,330 (-20.5%), from €60,214 to €47,884
- Gross operating margin +€7,135
up €7,135 (+3.4%), from €210,245 to €217,380
- Depreciation -€5,905
down €5,905 (-24.5%), from €24,061 to €18,156
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.
Derived cash bridge
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 | €479,534 | €583,176 | +€103,642 | +21.6% |
| Fixed assets | 21/28 | €228,802 | €213,861 | -€14,941 | -6.5% |
| Tangible fixed assets | 22/27 | €28,001 | €13,060 | -€14,941 | -53.4% |
| Land and buildings | 22 | €5,778 | €3,870 | -€1,908 | -33.0% |
| Furniture and vehicles | 24 | €22,223 | €9,190 | -€13,033 | -58.6% |
| Financial fixed assets | 28 | €200,801 | €200,801 | = | 0.0% |
| Current assets | 29/58 | €250,732 | €369,316 | +€118,583 | +47.3% |
| Amounts receivable within one year | 40/41 | €60,810 | €42,756 | -€18,054 | -29.7% |
| Trade receivables | 40 | €54,014 | €25,390 | -€28,624 | -53.0% |
| Other amounts receivable | 41 | €6,796 | €17,366 | +€10,570 | +156% |
| Current investments | 50/53 | - | €240,001 | +€240,001 | |
| Cash at bank and in hand | 54/58 | €186,561 | €82,776 | -€103,785 | -55.6% |
| Deferred charges and accrued income | 490/1 | €3,361 | €3,783 | +€422 | +12.6% |
| Total equity and liabilities | 10/49 | €479,534 | €583,176 | +€103,642 | +21.6% |
| Equity | 10/15 | €368,291 | €126,264 | -€242,027 | -65.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,127 | €121,127 | = | 0.0% |
| Distributable reserves | 133 | €121,127 | €121,127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,164 | €136 | -€242,027 | -99.9% |
| Amounts payable | 17/49 | €111,243 | €456,913 | +€345,670 | +311% |
| Amounts payable after more than one year | 17 | €35,573 | €10,597 | -€24,976 | -70.2% |
| Financial debts | 170/4 | €35,573 | €10,597 | -€24,976 | -70.2% |
| Amounts payable within one year | 42/48 | €75,670 | €446,316 | +€370,646 | +490% |
| Current portion of amounts payable after more than one year | 42 | €24,347 | €24,976 | +€629 | +2.6% |
| Trade debts | 44 | €6,442 | €7,243 | +€801 | +12.4% |
| Suppliers | 440/4 | €6,442 | €7,243 | +€801 | +12.4% |
| Taxes, remuneration and social security | 45 | €44,881 | €24,097 | -€20,785 | -46.3% |
| Taxes | 450/3 | €42,531 | €21,747 | -€20,785 | -48.9% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | - | €390,000 | +€390,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,061 | €18,156 | -€5,905 | -24.5% |
| Other operating charges | 640/8 | €1,609 | €1,816 | +€207 | +12.9% |
| Gross operating margin | 9900 | €210,245 | €217,380 | +€7,135 | +3.4% |
| Operating profit (loss) | 9901 | €184,575 | €197,408 | +€12,833 | +7.0% |
| Financial income | 75/76B | €212 | €781 | +€569 | +268% |
| Recurring financial income | 75 | €212 | €781 | +€569 | +268% |
| Financial charges | 65/66B | €3,446 | €2,333 | -€1,113 | -32.3% |
| Recurring financial charges | 65 | €3,446 | €2,333 | -€1,113 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €181,341 | €195,856 | +€14,515 | +8.0% |
| Income taxes | 67/77 | €60,214 | €47,884 | -€12,330 | -20.5% |
| Profit (loss) for the period | 9904 | €121,127 | €147,973 | +€26,845 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,127 | €147,973 | +€26,845 | +22.2% |
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 14 October 2026 via checked.be.