C\Hive Management: 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.
C\Hive Management
Largest movements
- Cash -€104,243
down €104,243 (-69.9%), from €149,039 to €44,796
mainly Contributions, distributions and other (-€371,759) and Deferred charges and accrued income (-€4,196)
- Receivables within one year -€6,162
no longer reported in 2025 (was €6,162)
- Deferred charges and accrued income +€4,196
new in 2025: €4,196
- Reserves -€112,480
down €112,480 (-90.9%), from €123,759 to €11,279
- Tax, wage and social debts +€4,837
up €4,837 (+46.1%), from €10,496 to €15,334
- Gross operating margin +€180,305
up €180,305 (+111%), from €161,805 to €342,110
- Taxes +€47,855
up €47,855 (+140%), from €34,088 to €81,943
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 | €155,201 | €48,992 | -€106,209 | -68.4% |
| Current assets | 29/58 | €155,201 | €48,992 | -€106,209 | -68.4% |
| Amounts receivable within one year | 40/41 | €6,162 | - | -€6,162 | |
| Other amounts receivable | 41 | €6,162 | - | -€6,162 | |
| Cash at bank and in hand | 54/58 | €149,039 | €44,796 | -€104,243 | -69.9% |
| Deferred charges and accrued income | 490/1 | - | €4,196 | +€4,196 | |
| Total equity and liabilities | 10/49 | €155,201 | €48,992 | -€106,209 | -68.4% |
| Equity | 10/15 | €142,359 | €29,879 | -€112,480 | -79.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,759 | €11,279 | -€112,480 | -90.9% |
| Distributable reserves | 133 | €123,759 | €11,279 | -€112,480 | -90.9% |
| Amounts payable | 17/49 | €12,841 | €19,112 | +€6,271 | +48.8% |
| Amounts payable within one year | 42/48 | €12,841 | €19,112 | +€6,271 | +48.8% |
| Trade debts | 44 | €1,685 | €3,119 | +€1,434 | +85.1% |
| Suppliers | 440/4 | €1,685 | €3,119 | +€1,434 | +85.1% |
| Taxes, remuneration and social security | 45 | €10,496 | €15,334 | +€4,837 | +46.1% |
| Taxes | 450/3 | €10,496 | €15,334 | +€4,837 | +46.1% |
| Other amounts payable | 47/48 | €660 | €660 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €797 | +€292 | +57.7% |
| Gross operating margin | 9900 | €161,805 | €342,110 | +€180,305 | +111% |
| Operating profit (loss) | 9901 | €161,299 | €341,313 | +€180,013 | +112% |
| Financial charges | 65/66B | €74 | €90 | +€17 | +23.0% |
| Recurring financial charges | 65 | €74 | €90 | +€17 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €161,226 | €341,222 | +€179,997 | +112% |
| Income taxes | 67/77 | €34,088 | €81,943 | +€47,855 | +140% |
| Profit (loss) for the period | 9904 | €127,138 | €259,279 | +€132,141 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €127,138 | €259,279 | +€132,141 | +104% |
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 21 October 2026 via checked.be.