Hiveswitch: 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.
Hiveswitch
Largest movements
- Current investments +€23,026
new in 2026: €23,026
- Cash -€5,670
down €5,670 (-15.4%), from €36,931 to €31,261
mainly Current investments (-€23,026) and Tax, wage and social debts (-€1,592)
- Receivables within one year -€2,514
down €2,514 (-43.6%), from €5,764 to €3,250
- Tangible fixed assets -€1,164
down €1,164 (-44.3%), from €2,630 to €1,466
- Reserves +€16,084
up €16,084 (+67.5%), from €23,827 to €39,911
- Tax, wage and social debts -€1,592
down €1,592 (-13.8%), from €11,498 to €9,906
- Accrued charges and deferred income -€750
no longer reported in 2026 (was €750)
- Gross operating margin -€6,939
down €6,939 (-22.1%), from €31,410 to €24,471
- Taxes -€2,002
down €2,002 (-22.1%), from €9,052 to €7,050
- Financial charges +€614
up €614 (+1376.0%), from €45 to €659
- Financial income +€551
up €551 (+42084.7%), from €1 to €553
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,325 | €59,111 | +€13,787 | +30.4% |
| Fixed assets | 21/28 | €2,630 | €1,466 | -€1,164 | -44.3% |
| Tangible fixed assets | 22/27 | €2,630 | €1,466 | -€1,164 | -44.3% |
| Furniture and vehicles | 24 | €2,630 | €1,466 | -€1,164 | -44.3% |
| Current assets | 29/58 | €42,695 | €57,646 | +€14,951 | +35.0% |
| Amounts receivable within one year | 40/41 | €5,764 | €3,250 | -€2,514 | -43.6% |
| Trade receivables | 40 | €5,764 | €3,250 | -€2,514 | -43.6% |
| Current investments | 50/53 | - | €23,026 | +€23,026 | |
| Cash at bank and in hand | 54/58 | €36,931 | €31,261 | -€5,670 | -15.4% |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €45,325 | €59,111 | +€13,787 | +30.4% |
| Equity | 10/15 | €28,827 | €44,911 | +€16,084 | +55.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,827 | €39,911 | +€16,084 | +67.5% |
| Distributable reserves | 133 | €23,827 | €39,911 | +€16,084 | +67.5% |
| Amounts payable | 17/49 | €16,497 | €14,200 | -€2,297 | -13.9% |
| Amounts payable within one year | 42/48 | €15,747 | €14,200 | -€1,547 | -9.8% |
| Trade debts | 44 | €780 | €530 | -€250 | -32.1% |
| Suppliers | 440/4 | €780 | €530 | -€250 | -32.1% |
| Taxes, remuneration and social security | 45 | €11,498 | €9,906 | -€1,592 | -13.8% |
| Taxes | 450/3 | €11,498 | €9,906 | -€1,592 | -13.8% |
| Other amounts payable | 47/48 | €3,470 | €3,765 | +€295 | +8.5% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €863 | €1,164 | +€301 | +34.9% |
| Other operating charges | 640/8 | €64 | €67 | +€3 | +5.0% |
| Gross operating margin | 9900 | €31,410 | €24,471 | -€6,939 | -22.1% |
| Operating profit (loss) | 9901 | €30,483 | €23,240 | -€7,243 | -23.8% |
| Financial income | 75/76B | €1 | €553 | +€551 | +42084.7% |
| Recurring financial income | 75 | €1 | €553 | +€551 | +42084.7% |
| Financial charges | 65/66B | €45 | €659 | +€614 | +1376.0% |
| Recurring financial charges | 65 | €45 | €659 | +€614 | +1376.0% |
| Profit (loss) for the period before taxes | 9903 | €30,440 | €23,134 | -€7,306 | -24.0% |
| Income taxes | 67/77 | €9,052 | €7,050 | -€2,002 | -22.1% |
| Profit (loss) for the period | 9904 | €21,388 | €16,084 | -€5,304 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,388 | €16,084 | -€5,304 | -24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.