HIVELAB Software & IT services: 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.
HIVELAB Software & IT services
Largest movements
- Receivables within one year -€39,875
down €39,875 (-9.3%), from €430,025 to €390,150
of which Trade receivables: -€32,720
- Cash +€19,431
up €19,431 (+985.0%), from €1,973 to €21,403
mainly Receivables within one year (+€39,875) and Tax, wage and social debts (+€21,495)
- Intangible fixed assets -€14,953
down €14,953 (-49.4%), from €30,260 to €15,308
- Trade debts -€55,034
down €55,034 (-60.0%), from €91,724 to €36,690
- Tax, wage and social debts +€21,495
up €21,495 (+181.1%), from €11,870 to €33,365
of which Taxes: +€17,084
- Staff costs +€88,592
up €88,592 (+64.4%), from €137,640 to €226,231
- Gross operating margin +€82,482
up €82,482 (+49.0%), from €168,238 to €250,719
- Financial income +€2,978
up €2,978 (+1735.8%), from €172 to €3,150
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 | €465,058 | €431,938 | -€33,120 | -7.1% |
| Fixed assets | 21/28 | €30,760 | €15,808 | -€14,953 | -48.6% |
| Intangible fixed assets | 21 | €30,260 | €15,308 | -€14,953 | -49.4% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €434,298 | €416,130 | -€18,168 | -4.2% |
| Amounts receivable within one year | 40/41 | €430,025 | €390,150 | -€39,875 | -9.3% |
| Trade receivables | 40 | €107,870 | €75,150 | -€32,720 | -30.3% |
| Other amounts receivable | 41 | €322,155 | €315,000 | -€7,155 | -2.2% |
| Cash at bank and in hand | 54/58 | €1,973 | €21,403 | +€19,431 | +985.0% |
| Deferred charges and accrued income | 490/1 | €2,300 | €4,577 | +€2,277 | +99.0% |
| Total equity and liabilities | 10/49 | €465,058 | €431,938 | -€33,120 | -7.1% |
| Equity | 10/15 | -€409,428 | -€405,099 | +€4,329 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €806 | €806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €806 | €806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €806 | €806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€428,826 | -€424,497 | +€4,329 | +1.0% |
| Amounts payable | 17/49 | €874,486 | €837,037 | -€37,449 | -4.3% |
| Amounts payable within one year | 42/48 | €874,486 | €837,037 | -€37,449 | -4.3% |
| Financial debts | 43 | €29,167 | €29,182 | +€15 | +0.1% |
| Credit institutions | 430/8 | €29,167 | €29,182 | +€15 | +0.1% |
| Trade debts | 44 | €91,724 | €36,690 | -€55,034 | -60.0% |
| Suppliers | 440/4 | €91,724 | €36,690 | -€55,034 | -60.0% |
| Taxes, remuneration and social security | 45 | €11,870 | €33,365 | +€21,495 | +181.1% |
| Taxes | 450/3 | €584 | €17,668 | +€17,084 | +2926.3% |
| Remuneration and social security | 454/9 | €11,286 | €15,698 | +€4,411 | +39.1% |
| Other amounts payable | 47/48 | €741,725 | €737,800 | -€3,925 | -0.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €137,640 | €226,231 | +€88,592 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,065 | €14,953 | -€1,112 | -6.9% |
| Other operating charges | 640/8 | €1,292 | €2,663 | +€1,370 | +106.0% |
| Gross operating margin | 9900 | €168,238 | €250,719 | +€82,482 | +49.0% |
| Operating profit (loss) | 9901 | €13,241 | €6,873 | -€6,368 | -48.1% |
| Financial income | 75/76B | €172 | €3,150 | +€2,978 | +1735.8% |
| Recurring financial income | 75 | €172 | €3,150 | +€2,978 | +1735.8% |
| Financial charges | 65/66B | €3,189 | €4,900 | +€1,711 | +53.7% |
| Recurring financial charges | 65 | €3,189 | €4,900 | +€1,711 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €10,224 | €5,123 | -€5,101 | -49.9% |
| Income taxes | 67/77 | €410 | €794 | +€384 | +93.7% |
| Profit (loss) for the period | 9904 | €9,814 | €4,329 | -€5,485 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,814 | €4,329 | -€5,485 | -55.9% |
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 7 October 2026 via checked.be.