BeHive: 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.
BeHive
Largest movements
- Stocks and contracts -€3.4m
down €3.4m (-100.0%), from €3.4m to €0
- Receivables within one year +€253,980
up €253,980 (+27.2%), from €934,484 to €1.2m
of which Trade receivables: +€254,228
- Cash +€202,747
up €202,747 (+37.4%), from €542,300 to €745,047
mainly Stocks and contracts (+€3.4m) and Debts after one year (+€550,000)
- Other debts -€3.3m
down €3.3m (-100.0%), from €3.3m to €1,062
- Tax, wage and social debts -€857,422
down €857,422 (-81.4%), from €1.1m to €195,517
of which Taxes: -€954,322
- Debts after one year +€550,000
up €550,000 (+110.0%), from €500,000 to €1.1m
- Advances received +€491,051
new in 2025: €491,051
- Trade debts +€361,657
up €361,657 (+173.6%), from €208,281 to €569,938
- Staff costs -€280,408
down €280,408 (-8.5%), from €3.3m to €3.0m
- Gross operating margin -€91,683
down €91,683 (-3.0%), from €3.1m to €3.0m
- Financial charges +€54,967
up €54,967 (+159.0%), from €34,577 to €89,544
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 | €4,877,880 | €1,963,090 | -€2.9m | -59.8% |
| Fixed assets | 21/28 | €6,733 | €13,036 | +€6,303 | +93.6% |
| Tangible fixed assets | 22/27 | €6,228 | €4,631 | -€1,597 | -25.6% |
| Furniture and vehicles | 24 | €6,228 | €4,631 | -€1,597 | -25.6% |
| Financial fixed assets | 28 | €505 | €8,405 | +€7,900 | +1564.4% |
| Current assets | 29/58 | €4,871,147 | €1,950,055 | -€2.9m | -60.0% |
| Stocks and contracts in progress | 3 | €3,378,639 | €0 | -€3.4m | -100.0% |
| Contracts in progress | 37 | €3,378,639 | €0 | -€3.4m | -100.0% |
| Amounts receivable within one year | 40/41 | €934,484 | €1,188,464 | +€253,980 | +27.2% |
| Trade receivables | 40 | €934,236 | €1,188,464 | +€254,228 | +27.2% |
| Other amounts receivable | 41 | €248 | €0 | -€248 | -100.0% |
| Cash at bank and in hand | 54/58 | €542,300 | €745,047 | +€202,747 | +37.4% |
| Deferred charges and accrued income | 490/1 | €15,725 | €16,544 | +€820 | +5.2% |
| Total equity and liabilities | 10/49 | €4,877,880 | €1,963,090 | -€2.9m | -59.8% |
| Equity | 10/15 | -€237,570 | -€347,354 | -€109,784 | -46.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,570 | -€357,354 | -€109,784 | -44.3% |
| Amounts payable | 17/49 | €5,115,449 | €2,310,444 | -€2.8m | -54.8% |
| Amounts payable after more than one year | 17 | €500,000 | €1,050,000 | +€550,000 | +110.0% |
| Financial debts | 170/4 | €500,000 | €1,050,000 | +€550,000 | +110.0% |
| Amounts payable within one year | 42/48 | €4,609,979 | €1,257,568 | -€3.4m | -72.7% |
| Trade debts | 44 | €208,281 | €569,938 | +€361,657 | +173.6% |
| Suppliers | 440/4 | €208,281 | €569,938 | +€361,657 | +173.6% |
| Advances received on contracts in progress | 46 | - | €491,051 | +€491,051 | |
| Taxes, remuneration and social security | 45 | €1,052,940 | €195,517 | -€857,422 | -81.4% |
| Taxes | 450/3 | €1,012,618 | €58,296 | -€954,322 | -94.2% |
| Remuneration and social security | 454/9 | €40,322 | €137,221 | +€96,900 | +240.3% |
| Other amounts payable | 47/48 | €3,348,759 | €1,062 | -€3.3m | -100.0% |
| Accrued charges and deferred income | 492/3 | €5,470 | €2,876 | -€2,594 | -47.4% |
| Remuneration, social security and pensions | 62 | €3,295,412 | €3,015,004 | -€280,408 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €3,336 | +€925 | +38.4% |
| Other operating charges | 640/8 | €12,647 | €7,707 | -€4,940 | -39.1% |
| Gross operating margin | 9900 | €3,097,439 | €3,005,756 | -€91,683 | -3.0% |
| Operating profit (loss) | 9901 | -€213,032 | -€20,292 | +€192,740 | +90.5% |
| Financial income | 75/76B | €51 | €75 | +€24 | +46.2% |
| Recurring financial income | 75 | €51 | €75 | +€24 | +46.2% |
| Financial charges | 65/66B | €34,577 | €89,544 | +€54,967 | +159.0% |
| Recurring financial charges | 65 | €34,577 | €89,544 | +€54,967 | +159.0% |
| Profit (loss) for the period before taxes | 9903 | -€247,558 | -€109,762 | +€137,796 | +55.7% |
| Income taxes | 67/77 | €12 | €22 | +€10 | +88.2% |
| Profit (loss) for the period | 9904 | -€247,570 | -€109,784 | +€137,786 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€247,570 | -€109,784 | +€137,786 | +55.7% |
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 10 October 2026 via checked.be.