BEEHIVE: 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.
BEEHIVE
Largest movements
- Cash +€46,729
up €46,729 (+66.8%), from €69,906 to €116,635
mainly Other debts (+€165,253) and Net result for the year (+€72,073)
- Deferred charges and accrued income +€33,579
up €33,579 (+112.1%), from €29,958 to €63,536
- Other debts +€165,253
up €165,253 (+7369.8%), from €2,242 to €167,495
- Reserves -€90,424
no longer reported in 2025 (was €90,424)
- Tax, wage and social debts +€4,498
up €4,498 (+1157.0%), from €389 to €4,887
- Gross operating margin +€55,961
up €55,961 (+147.2%), from €38,021 to €93,983
- Taxes +€11,698
up €11,698 (+148.3%), from €7,889 to €19,587
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 | €104,539 | €184,124 | +€79,586 | +76.1% |
| Fixed assets | 21/28 | €4,676 | €3,953 | -€722 | -15.4% |
| Tangible fixed assets | 22/27 | €4,676 | €3,953 | -€722 | -15.4% |
| Furniture and vehicles | 24 | €4,676 | €3,953 | -€722 | -15.4% |
| Current assets | 29/58 | €99,863 | €180,171 | +€80,308 | +80.4% |
| Cash at bank and in hand | 54/58 | €69,906 | €116,635 | +€46,729 | +66.8% |
| Deferred charges and accrued income | 490/1 | €29,958 | €63,536 | +€33,579 | +112.1% |
| Total equity and liabilities | 10/49 | €104,539 | €184,124 | +€79,586 | +76.1% |
| Equity | 10/15 | €93,424 | €3,000 | -€90,424 | -96.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €90,424 | - | -€90,424 | |
| Distributable reserves | 133 | €90,424 | - | -€90,424 | |
| Amounts payable | 17/49 | €11,115 | €181,124 | +€170,009 | +1529.6% |
| Amounts payable within one year | 42/48 | €11,115 | €181,124 | +€170,009 | +1529.6% |
| Trade debts | 44 | €8,484 | €8,742 | +€258 | +3.0% |
| Suppliers | 440/4 | €8,484 | €8,742 | +€258 | +3.0% |
| Taxes, remuneration and social security | 45 | €389 | €4,887 | +€4,498 | +1157.0% |
| Taxes | 450/3 | €389 | €4,887 | +€4,498 | +1157.0% |
| Other amounts payable | 47/48 | €2,242 | €167,495 | +€165,253 | +7369.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €1,641 | +€253 | +18.2% |
| Other operating charges | 640/8 | €324 | €635 | +€311 | +95.8% |
| Gross operating margin | 9900 | €38,021 | €93,983 | +€55,961 | +147.2% |
| Operating profit (loss) | 9901 | €36,309 | €91,706 | +€55,398 | +152.6% |
| Financial charges | 65/66B | €44 | €46 | +€3 | +6.1% |
| Recurring financial charges | 65 | €44 | €46 | +€3 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €36,265 | €91,660 | +€55,395 | +152.8% |
| Income taxes | 67/77 | €7,889 | €19,587 | +€11,698 | +148.3% |
| Profit (loss) for the period | 9904 | €28,376 | €72,073 | +€43,697 | +154.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,376 | €72,073 | +€43,697 | +154.0% |
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 12 October 2026 via checked.be.