BEEHIVE: 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.
BEEHIVE
Largest movements
- Receivables within one year +€53,733
up €53,733 (+143.8%), from €37,362 to €91,095
of which Trade receivables: +€47,077
- Deferred charges and accrued income -€27,104
down €27,104 (-68.7%), from €39,438 to €12,334
- Current investments +€10,955
new in 2025: €10,955
- Cash +€7,332
up €7,332 (+10.6%), from €69,264 to €76,597
mainly Trade debts (+€70,157) and Deferred charges and accrued income (+€27,104)
- Trade debts +€70,157
up €70,157 (+422.5%), from €16,607 to €86,764
- Profit (loss) carried forward -€28,734
down €28,734 (-24.1%), from €119,218 to €90,484
- Tax, wage and social debts +€2,853
up €2,853 (+22.8%), from €12,531 to €15,384
of which Taxes: +€5,758
- Gross operating margin +€37,883
up €37,883, from -€6,160 to €31,723
- Taxes +€606
up €606 (+449.0%), from €135 to €741
- Financial charges -€423
down €423 (-34.9%), from €1,212 to €789
- Other operating charges +€417
up €417 (+31.1%), from €1,342 to €1,759
- Depreciation +€365
up €365 (+20.2%), from €1,803 to €2,168
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 | €150,856 | €195,132 | +€44,276 | +29.4% |
| Fixed assets | 21/28 | €4,793 | €4,152 | -€641 | -13.4% |
| Tangible fixed assets | 22/27 | €4,793 | €4,152 | -€641 | -13.4% |
| Furniture and vehicles | 24 | €4,793 | €4,152 | -€641 | -13.4% |
| Current assets | 29/58 | €146,064 | €190,980 | +€44,917 | +30.8% |
| Amounts receivable within one year | 40/41 | €37,362 | €91,095 | +€53,733 | +143.8% |
| Trade receivables | 40 | €17,288 | €64,366 | +€47,077 | +272.3% |
| Other amounts receivable | 41 | €20,073 | €26,729 | +€6,656 | +33.2% |
| Current investments | 50/53 | - | €10,955 | +€10,955 | |
| Cash at bank and in hand | 54/58 | €69,264 | €76,597 | +€7,332 | +10.6% |
| Deferred charges and accrued income | 490/1 | €39,438 | €12,334 | -€27,104 | -68.7% |
| Total equity and liabilities | 10/49 | €150,856 | €195,132 | +€44,276 | +29.4% |
| Equity | 10/15 | €121,718 | €92,984 | -€28,734 | -23.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,218 | €90,484 | -€28,734 | -24.1% |
| Amounts payable | 17/49 | €29,138 | €102,149 | +€73,010 | +250.6% |
| Amounts payable within one year | 42/48 | €29,138 | €102,149 | +€73,010 | +250.6% |
| Trade debts | 44 | €16,607 | €86,764 | +€70,157 | +422.5% |
| Suppliers | 440/4 | €16,607 | €86,764 | +€70,157 | +422.5% |
| Taxes, remuneration and social security | 45 | €12,531 | €15,384 | +€2,853 | +22.8% |
| Taxes | 450/3 | €9,626 | €15,384 | +€5,758 | +59.8% |
| Remuneration and social security | 454/9 | €2,905 | - | -€2,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,803 | €2,168 | +€365 | +20.2% |
| Other operating charges | 640/8 | €1,342 | €1,759 | +€417 | +31.1% |
| Gross operating margin | 9900 | -€6,160 | €31,723 | +€37,883 | |
| Operating profit (loss) | 9901 | -€9,305 | €27,796 | +€37,101 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,212 | €789 | -€423 | -34.9% |
| Recurring financial charges | 65 | €1,212 | €789 | -€423 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,517 | €27,007 | +€37,524 | |
| Income taxes | 67/77 | €135 | €741 | +€606 | +449.0% |
| Profit (loss) for the period | 9904 | -€10,652 | €26,266 | +€36,918 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,652 | €26,266 | +€36,918 |
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 8 October 2026 via checked.be.