HIVE TECHNICAL PRODUCTIONS: 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.
HIVE TECHNICAL PRODUCTIONS
Largest movements
- Receivables within one year -€133,923
down €133,923 (-22.8%), from €586,943 to €453,020
of which Other amounts receivable: -€177,393
- Cash +€97,302
up €97,302 (+22.0%), from €442,569 to €539,871
mainly Depreciation (+€154,543) and Net result for the year (+€142,147)
- Tangible fixed assets -€83,703
down €83,703 (-17.2%), from €485,917 to €402,214
of which Plant, machinery and equipment: -€58,315
- Reserves +€142,147
up €142,147 (+13.6%), from €1.0m to €1.2m
of which Tax-exempt reserves: +€79,990
- Accrued charges and deferred income -€120,311
down €120,311 (-100%), from €120,311 to €0
- Trade debts -€110,777
down €110,777 (-74.0%), from €149,662 to €38,885
- Debts after one year -€17,969
down €17,969 (-14.0%), from €128,055 to €110,086
- Other debts -€16,691
down €16,691 (-35.9%), from €46,468 to €29,777
- Gross operating margin -€82,939
down €82,939 (-17.1%), from €484,370 to €401,431
- Taxes -€21,792
down €21,792 (-29.3%), from €74,251 to €52,459
- Depreciation +€15,261
up €15,261 (+11.0%), from €139,282 to €154,543
- Staff costs +€10,553
up €10,553 (+32.9%), from €32,035 to €42,588
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 | €1,529,374 | €1,403,111 | -€126,263 | -8.3% |
| Fixed assets | 21/28 | €486,187 | €402,484 | -€83,703 | -17.2% |
| Tangible fixed assets | 22/27 | €485,917 | €402,214 | -€83,703 | -17.2% |
| Land and buildings | 22 | €184,357 | €169,431 | -€14,926 | -8.1% |
| Plant, machinery and equipment | 23 | €263,015 | €204,700 | -€58,315 | -22.2% |
| Furniture and vehicles | 24 | €38,545 | €28,083 | -€10,462 | -27.1% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,043,187 | €1,000,627 | -€42,560 | -4.1% |
| Amounts receivable within one year | 40/41 | €586,943 | €453,020 | -€133,923 | -22.8% |
| Trade receivables | 40 | €345,834 | €389,305 | +€43,470 | +12.6% |
| Other amounts receivable | 41 | €241,108 | €63,715 | -€177,393 | -73.6% |
| Current investments | 50/53 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €442,569 | €539,871 | +€97,302 | +22.0% |
| Deferred charges and accrued income | 490/1 | €13,676 | €5,237 | -€8,439 | -61.7% |
| Total equity and liabilities | 10/49 | €1,529,374 | €1,403,111 | -€126,263 | -8.3% |
| Equity | 10/15 | €1,062,006 | €1,204,152 | +€142,147 | +13.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,043,456 | €1,185,602 | +€142,147 | +13.6% |
| Tax-exempt reserves | 132 | - | €79,990 | +€79,990 | |
| Distributable reserves | 133 | €1,043,456 | €1,105,612 | +€62,157 | +6.0% |
| Amounts payable | 17/49 | €467,369 | €198,959 | -€268,409 | -57.4% |
| Amounts payable after more than one year | 17 | €128,055 | €110,086 | -€17,969 | -14.0% |
| Financial debts | 170/4 | €128,055 | €110,086 | -€17,969 | -14.0% |
| Amounts payable within one year | 42/48 | €219,002 | €88,874 | -€130,129 | -59.4% |
| Current portion of amounts payable after more than one year | 42 | €17,748 | €17,969 | +€221 | +1.2% |
| Trade debts | 44 | €149,662 | €38,885 | -€110,777 | -74.0% |
| Suppliers | 440/4 | €149,662 | €38,885 | -€110,777 | -74.0% |
| Taxes, remuneration and social security | 45 | €5,124 | €2,243 | -€2,882 | -56.2% |
| Remuneration and social security | 454/9 | €5,124 | €2,243 | -€2,882 | -56.2% |
| Other amounts payable | 47/48 | €46,468 | €29,777 | -€16,691 | -35.9% |
| Accrued charges and deferred income | 492/3 | €120,311 | €0 | -€120,311 | -100% |
| Non-recurring operating income | 76A | €1,285 | €0 | -€1,285 | -100% |
| Remuneration, social security and pensions | 62 | €32,035 | €42,588 | +€10,553 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,282 | €154,543 | +€15,261 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,311 | €0 | -€1,311 | -100% |
| Other operating charges | 640/8 | €7,475 | €6,371 | -€1,104 | -14.8% |
| Gross operating margin | 9900 | €484,370 | €401,431 | -€82,939 | -17.1% |
| Operating profit (loss) | 9901 | €304,268 | €197,929 | -€106,339 | -34.9% |
| Financial income | 75/76B | €388 | €947 | +€559 | +144% |
| Recurring financial income | 75 | €388 | €947 | +€559 | +144% |
| Financial charges | 65/66B | €2,493 | €4,271 | +€1,778 | +71.3% |
| Recurring financial charges | 65 | €2,493 | €4,271 | +€1,778 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €302,163 | €194,605 | -€107,558 | -35.6% |
| Income taxes | 67/77 | €74,251 | €52,459 | -€21,792 | -29.3% |
| Profit (loss) for the period | 9904 | €227,912 | €142,147 | -€85,765 | -37.6% |
| Transfer to tax-exempt reserves | 689 | - | €79,990 | +€79,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €227,912 | €62,157 | -€165,755 | -72.7% |
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 31 October 2026 via checked.be.