HIVE IMMO: 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.
HIVE IMMO
Largest movements
- Receivables within one year +€53,919
up €53,919 (+152.9%), from €35,267 to €89,186
of which Trade receivables: +€55,512
- Tangible fixed assets -€47,084
down €47,084 (-2.8%), from €1.7m to €1.6m
of which Land and buildings: -€46,723
- Debts after one year -€98,736
down €98,736 (-6.6%), from €1.5m to €1.4m
- Profit (loss) carried forward +€91,111
up €91,111 (+50.1%), from €181,763 to €272,874
- Gross operating margin -€8,311
down €8,311 (-3.4%), from €244,702 to €236,390
- Other operating charges +€7,217
up €7,217 (+56.0%), from €12,896 to €20,114
- Taxes -€6,709
down €6,709 (-39.9%), from €16,805 to €10,096
- Financial charges -€4,269
down €4,269 (-9.4%), from €45,238 to €40,968
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 | €1,843,680 | €1,839,791 | -€3,889 | -0.2% |
| Fixed assets | 21/28 | €1,683,315 | €1,636,231 | -€47,084 | -2.8% |
| Tangible fixed assets | 22/27 | €1,683,315 | €1,636,231 | -€47,084 | -2.8% |
| Land and buildings | 22 | €1,682,954 | €1,636,231 | -€46,723 | -2.8% |
| Plant, machinery and equipment | 23 | €361 | €0 | -€361 | -100.0% |
| Current assets | 29/58 | €160,365 | €203,560 | +€43,195 | +26.9% |
| Amounts receivable within one year | 40/41 | €35,267 | €89,186 | +€53,919 | +152.9% |
| Trade receivables | 40 | €31,978 | €87,490 | +€55,512 | +173.6% |
| Other amounts receivable | 41 | €3,289 | €1,695 | -€1,593 | -48.4% |
| Cash at bank and in hand | 54/58 | €122,228 | €110,892 | -€11,337 | -9.3% |
| Deferred charges and accrued income | 490/1 | €2,870 | €3,483 | +€613 | +21.3% |
| Total equity and liabilities | 10/49 | €1,843,680 | €1,839,791 | -€3,889 | -0.2% |
| Equity | 10/15 | €191,763 | €282,874 | +€91,111 | +47.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €181,763 | €272,874 | +€91,111 | +50.1% |
| Amounts payable | 17/49 | €1,651,917 | €1,556,917 | -€95,000 | -5.8% |
| Amounts payable after more than one year | 17 | €1,496,726 | €1,397,990 | -€98,736 | -6.6% |
| Financial debts | 170/4 | €1,496,726 | €1,397,990 | -€98,736 | -6.6% |
| Amounts payable within one year | 42/48 | €146,125 | €158,927 | +€12,803 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €96,192 | €98,736 | +€2,544 | +2.6% |
| Trade debts | 44 | €5,949 | €15,027 | +€9,078 | +152.6% |
| Suppliers | 440/4 | €5,949 | €15,027 | +€9,078 | +152.6% |
| Taxes, remuneration and social security | 45 | €16,224 | €17,445 | +€1,221 | +7.5% |
| Taxes | 450/3 | €16,224 | €17,445 | +€1,221 | +7.5% |
| Other amounts payable | 47/48 | €27,759 | €27,719 | -€40 | -0.1% |
| Accrued charges and deferred income | 492/3 | €9,066 | - | -€9,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,824 | €74,102 | +€1,278 | +1.8% |
| Other operating charges | 640/8 | €12,896 | €20,114 | +€7,217 | +56.0% |
| Gross operating margin | 9900 | €244,702 | €236,390 | -€8,311 | -3.4% |
| Operating profit (loss) | 9901 | €158,982 | €142,175 | -€16,807 | -10.6% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €45,238 | €40,968 | -€4,269 | -9.4% |
| Recurring financial charges | 65 | €45,238 | €40,968 | -€4,269 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €113,826 | €101,206 | -€12,620 | -11.1% |
| Income taxes | 67/77 | €16,805 | €10,096 | -€6,709 | -39.9% |
| Profit (loss) for the period | 9904 | €97,021 | €91,110 | -€5,911 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,021 | €91,110 | -€5,911 | -6.1% |
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 3 October 2026 via checked.be.