Hived: 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.
What changed
Hived
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,581
2024 · -€1,430+€14,011
Equity
-€33,846
2024 · -€46,427+€12,581
Cash
€5,966
2024 · €6,118-€152
Balance sheet total
€355,212
2024 · €668,981-€313,770
Largest movements
Assets
- Receivables within one year -€313,265
down €313,265 (-47.7%), from €656,176 to €342,911
of which Trade receivables: -€315,025
Equity and liabilities
- Trade debts -€166,748
down €166,748 (-36.5%), from €456,596 to €289,848
- Other debts -€160,602
down €160,602 (-63.2%), from €253,953 to €93,351
- Profit (loss) carried forward +€12,581
up €12,581 (+11.0%), from -€114,627 to -€102,046
Income statement
- Purchases and services -€681,315
down €681,315 (-18.1%), from €3.8m to €3.1m
- Turnover -€650,361
down €650,361 (-16.9%), from €3.8m to €3.2m
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.
Result 2024
-€1,430
Gross operating margin
+€31,148
Staff costs
-€13,682
Depreciation
+€90
Write-downs
-€23
Other operating charges
+€3,504
Other operating items
-€6,116
Financial income
-€40
Financial charges
-€789
Taxes
-€83
Result 2025
€12,581
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2,212
Investment
-€2,364
Financing
€0
Cash 2024
€6,118
From operations (derived)
+€2,212
Net result for the year
+€12,581
Depreciation
+€873
Receivables within one year
+€313,265
Deferred charges and accrued income
+€1,843
Provisions
+€23
Trade debts
-€166,748
Tax, wage and social debts
+€977
Other debts
-€160,602
Investment (derived)
-€2,364
Investment in fixed assets (net)
-€2,364
Cash 2025
€5,966
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,981 | €355,212 | -€313,770 | -46.9% |
| Fixed assets | 21/28 | €120 | €1,611 | +€1,491 | +1,244% |
| Tangible fixed assets | 22/27 | €120 | €1,611 | +€1,491 | +1,244% |
| Plant, machinery and equipment | 23 | €120 | €1,611 | +€1,491 | +1,244% |
| Current assets | 29/58 | €668,861 | €353,601 | -€315,261 | -47.1% |
| Amounts receivable within one year | 40/41 | €656,176 | €342,911 | -€313,265 | -47.7% |
| Trade receivables | 40 | €655,213 | €340,189 | -€315,025 | -48.1% |
| Other amounts receivable | 41 | €963 | €2,722 | +€1,759 | +183% |
| Cash at bank and in hand | 54/58 | €6,118 | €5,966 | -€152 | -2.5% |
| Deferred charges and accrued income | 490/1 | €6,568 | €4,724 | -€1,843 | -28.1% |
| Total equity and liabilities | 10/49 | €668,981 | €355,212 | -€313,770 | -46.9% |
| Equity | 10/15 | -€46,427 | -€33,846 | +€12,581 | +27.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,627 | -€102,046 | +€12,581 | +11.0% |
| Provisions and deferred taxes | 16 | - | €23 | +€23 | |
| Provisions for liabilities and charges | 160/5 | - | €23 | +€23 | |
| Pensions and similar obligations | 160 | - | €23 | +€23 | |
| Amounts payable | 17/49 | €715,408 | €389,035 | -€326,374 | -45.6% |
| Amounts payable within one year | 42/48 | €715,408 | €389,035 | -€326,374 | -45.6% |
| Trade debts | 44 | €456,596 | €289,848 | -€166,748 | -36.5% |
| Suppliers | 440/4 | €456,596 | €289,848 | -€166,748 | -36.5% |
| Taxes, remuneration and social security | 45 | €4,859 | €5,836 | +€977 | +20.1% |
| Taxes | 450/3 | €617 | €374 | -€242 | -39.3% |
| Remuneration and social security | 454/9 | €4,242 | €5,461 | +€1,220 | +28.8% |
| Other amounts payable | 47/48 | €253,953 | €93,351 | -€160,602 | -63.2% |
| Turnover | 70 | €3,837,507 | €3,187,147 | -€650,361 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,762,492 | €3,081,176 | -€681,315 | -18.1% |
| Remuneration, social security and pensions | 62 | €58,257 | €71,939 | +€13,682 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €873 | -€90 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23 | +€23 | |
| Other operating charges | 640/8 | €3,584 | €79 | -€3,504 | -97.8% |
| Non-recurring operating charges | 66A | - | €6,116 | +€6,116 | |
| Gross operating margin | 9900 | €77,732 | €108,879 | +€31,148 | +40.1% |
| Operating profit (loss) | 9901 | €14,927 | €29,849 | +€14,922 | +100.0% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100.0% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100.0% |
| Financial charges | 65/66B | €16,280 | €17,069 | +€789 | +4.8% |
| Recurring financial charges | 65 | €16,280 | €17,069 | +€789 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,313 | €12,781 | +€14,094 | |
| Income taxes | 67/77 | €117 | €199 | +€83 | +70.6% |
| Profit (loss) for the period | 9904 | -€1,430 | €12,581 | +€14,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,430 | €12,581 | +€14,011 |
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.