BeeHub: 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.
BeeHub
Largest movements
- Receivables within one year +€27,218
up €27,218 (+71.5%), from €38,070 to €65,288
of which Trade receivables: +€29,532
- Tangible fixed assets -€13,487
down €13,487 (-46.7%), from €28,858 to €15,372
of which Assets under construction and advance payments: -€7,025
- Stocks and contracts +€12,461
up €12,461 (+80.0%), from €15,570 to €28,031
- Intangible fixed assets -€10,176
down €10,176 (-38.7%), from €26,274 to €16,098
- Cash +€5,269
up €5,269 (+242.6%), from €2,172 to €7,440
mainly Depreciation (+€23,662) and Trade debts (+€8,819)
- Trade debts +€8,819
up €8,819 (+36.3%), from €24,271 to €33,090
- Debts after one year +€8,497
up €8,497 (+52.0%), from €16,341 to €24,838
of which Other amounts payable: +€15,000
- Accrued charges and deferred income +€4,335
new in 2025: €4,335
- Profit (loss) carried forward +€2,465
up €2,465 (+17.8%), from €13,856 to €16,321
- Tax, wage and social debts -€2,381
down €2,381 (-39.9%), from €5,965 to €3,583
of which Remuneration and social security: -€2,357
- Staff costs -€34,963
down €34,963 (-80.3%), from €43,526 to €8,563
- Gross operating margin -€26,539
down €26,539 (-39.5%), from €67,255 to €40,717
- Depreciation +€4,026
up €4,026 (+20.5%), from €19,637 to €23,662
- Taxes +€1,239
up €1,239 (+91.6%), from €1,353 to €2,591
- Other operating charges +€732
up €732 (+188.9%), from €387 to €1,119
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 | €111,866 | €133,052 | +€21,186 | +18.9% |
| Fixed assets | 21/28 | €55,337 | €31,675 | -€23,662 | -42.8% |
| Intangible fixed assets | 21 | €26,274 | €16,098 | -€10,176 | -38.7% |
| Tangible fixed assets | 22/27 | €28,858 | €15,372 | -€13,487 | -46.7% |
| Furniture and vehicles | 24 | €21,834 | €15,372 | -€6,462 | -29.6% |
| Assets under construction and advance payments | 27 | €7,025 | €0 | -€7,025 | -100.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €56,529 | €101,377 | +€44,848 | +79.3% |
| Stocks and contracts in progress | 3 | €15,570 | €28,031 | +€12,461 | +80.0% |
| Stocks | 30/36 | €15,570 | €28,031 | +€12,461 | +80.0% |
| Amounts receivable within one year | 40/41 | €38,070 | €65,288 | +€27,218 | +71.5% |
| Trade receivables | 40 | €35,596 | €65,129 | +€29,532 | +83.0% |
| Other amounts receivable | 41 | €2,474 | €159 | -€2,314 | -93.6% |
| Cash at bank and in hand | 54/58 | €2,172 | €7,440 | +€5,269 | +242.6% |
| Deferred charges and accrued income | 490/1 | €717 | €618 | -€99 | -13.9% |
| Total equity and liabilities | 10/49 | €111,866 | €133,052 | +€21,186 | +18.9% |
| Equity | 10/15 | €33,856 | €36,321 | +€2,465 | +7.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,856 | €16,321 | +€2,465 | +17.8% |
| Amounts payable | 17/49 | €78,010 | €96,731 | +€18,721 | +24.0% |
| Amounts payable after more than one year | 17 | €16,341 | €24,838 | +€8,497 | +52.0% |
| Financial debts | 170/4 | €16,341 | €9,838 | -€6,503 | -39.8% |
| Other amounts payable | 178/9 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €61,668 | €67,558 | +€5,890 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €26,215 | €26,503 | +€288 | +1.1% |
| Trade debts | 44 | €24,271 | €33,090 | +€8,819 | +36.3% |
| Suppliers | 440/4 | €24,271 | €33,090 | +€8,819 | +36.3% |
| Advances received on contracts in progress | 46 | - | €235 | +€235 | |
| Taxes, remuneration and social security | 45 | €5,965 | €3,583 | -€2,381 | -39.9% |
| Taxes | 450/3 | €3,608 | €3,583 | -€24 | -0.7% |
| Remuneration and social security | 454/9 | €2,357 | €0 | -€2,357 | -100.0% |
| Other amounts payable | 47/48 | €5,217 | €4,146 | -€1,071 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €4,335 | +€4,335 | |
| Remuneration, social security and pensions | 62 | €43,526 | €8,563 | -€34,963 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,637 | €23,662 | +€4,026 | +20.5% |
| Other operating charges | 640/8 | €387 | €1,119 | +€732 | +188.9% |
| Gross operating margin | 9900 | €67,255 | €40,717 | -€26,539 | -39.5% |
| Operating profit (loss) | 9901 | €3,705 | €7,373 | +€3,667 | +99.0% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €2,104 | €2,325 | +€222 | +10.5% |
| Recurring financial charges | 65 | €2,104 | €2,325 | +€222 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €1,601 | €5,056 | +€3,455 | +215.7% |
| Income taxes | 67/77 | €1,353 | €2,591 | +€1,239 | +91.6% |
| Profit (loss) for the period | 9904 | €249 | €2,465 | +€2,216 | +890.1% |
| Profit (loss) for the period to be appropriated | 9905 | €249 | €2,465 | +€2,216 | +890.1% |
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 4 October 2026 via checked.be.