HIVE-X Services: 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-X Services
Largest movements
- Cash -€323,742
down €323,742 (-45.4%), from €712,782 to €389,039
mainly Contributions, distributions and other (-€205,000) and Receivables within one year (-€121,231)
- Receivables within one year +€121,231
up €121,231 (+65.0%), from €186,606 to €307,838
of which Trade receivables: +€87,695
- Reserves -€205,000
down €205,000 (-45.1%), from €454,860 to €249,860
- Tax, wage and social debts -€28,181
down €28,181 (-35.6%), from €79,255 to €51,074
of which Taxes: -€21,915
- Trade debts +€20,851
up €20,851 (+24.1%), from €86,689 to €107,540
- Gross operating margin -€160,436
down €160,436 (-26.0%), from €616,308 to €455,872
- Staff costs -€43,345
down €43,345 (-11.5%), from €376,802 to €333,456
- Taxes -€34,053
down €34,053 (-80.5%), from €42,312 to €8,259
- Financial charges +€7,941
up €7,941 (+8.0%), from €99,711 to €107,652
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 | €965,060 | €755,718 | -€209,342 | -21.7% |
| Fixed assets | 21/28 | €50,960 | €43,191 | -€7,769 | -15.2% |
| Tangible fixed assets | 22/27 | €50,669 | €42,900 | -€7,769 | -15.3% |
| Furniture and vehicles | 24 | €44,919 | €31,234 | -€13,686 | -30.5% |
| Other tangible fixed assets | 26 | €5,749 | €11,666 | +€5,917 | +103% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €914,100 | €712,528 | -€201,573 | -22.1% |
| Amounts receivable within one year | 40/41 | €186,606 | €307,838 | +€121,231 | +65.0% |
| Trade receivables | 40 | €176,131 | €263,826 | +€87,695 | +49.8% |
| Other amounts receivable | 41 | €10,475 | €44,011 | +€33,536 | +320% |
| Cash at bank and in hand | 54/58 | €712,782 | €389,039 | -€323,742 | -45.4% |
| Deferred charges and accrued income | 490/1 | €14,712 | €15,651 | +€938 | +6.4% |
| Total equity and liabilities | 10/49 | €965,060 | €755,718 | -€209,342 | -21.7% |
| Equity | 10/15 | €592,794 | €382,806 | -€209,989 | -35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €454,860 | €249,860 | -€205,000 | -45.1% |
| Distributable reserves | 133 | €454,860 | €249,860 | -€205,000 | -45.1% |
| Profit (loss) carried forward | 14 | €119,334 | €114,346 | -€4,989 | -4.2% |
| Amounts payable | 17/49 | €372,266 | €372,913 | +€647 | +0.2% |
| Amounts payable within one year | 42/48 | €370,215 | €371,200 | +€986 | +0.3% |
| Trade debts | 44 | €86,689 | €107,540 | +€20,851 | +24.1% |
| Suppliers | 440/4 | €86,689 | €107,540 | +€20,851 | +24.1% |
| Taxes, remuneration and social security | 45 | €79,255 | €51,074 | -€28,181 | -35.6% |
| Taxes | 450/3 | €41,301 | €19,386 | -€21,915 | -53.1% |
| Remuneration and social security | 454/9 | €37,954 | €31,688 | -€6,266 | -16.5% |
| Other amounts payable | 47/48 | €204,271 | €212,587 | +€8,316 | +4.1% |
| Accrued charges and deferred income | 492/3 | €2,051 | €1,712 | -€339 | -16.5% |
| Remuneration, social security and pensions | 62 | €376,802 | €333,456 | -€43,345 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,752 | €16,126 | -€626 | -3.7% |
| Other operating charges | 640/8 | €3,182 | €2,935 | -€247 | -7.8% |
| Gross operating margin | 9900 | €616,308 | €455,872 | -€160,436 | -26.0% |
| Operating profit (loss) | 9901 | €219,572 | €103,355 | -€116,217 | -52.9% |
| Financial income | 75/76B | €3,551 | €7,567 | +€4,017 | +113% |
| Recurring financial income | 75 | €3,551 | €7,567 | +€4,017 | +113% |
| Financial charges | 65/66B | €99,711 | €107,652 | +€7,941 | +8.0% |
| Recurring financial charges | 65 | €99,711 | €107,652 | +€7,941 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €123,411 | €3,270 | -€120,141 | -97.4% |
| Income taxes | 67/77 | €42,312 | €8,259 | -€34,053 | -80.5% |
| Profit (loss) for the period | 9904 | €81,099 | -€4,989 | -€86,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,099 | -€4,989 | -€86,088 |
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 22 October 2026 via checked.be.