Hyve: 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.
Hyve
Largest movements
- Intangible fixed assets -€2.7m
down €2.7m (-99.1%), from €2.8m to €25,606
- Deferred charges and accrued income +€670,800
up €670,800 (+28.6%), from €2.3m to €3.0m
- Cash +€521,344
up €521,344 (+424.3%), from €122,874 to €644,217
mainly Depreciation (+€2.8m) and Trade debts (+€2.2m)
- Current investments -€420,000
no longer reported in 2025 (was €420,000)
- Receivables after one year +€86,425
up €86,425 (+24.2%), from €356,717 to €443,142
- Profit (loss) carried forward -€3.2m
down €3.2m (-219.1%), from -€1.5m to -€4.6m
- Trade debts +€2.2m
up €2.2m (+280.7%), from €790,456 to €3.0m
- Investment grants -€1.3m
no longer reported in 2025 (was €1.3m)
- Debts after one year +€900,000
up €900,000 (+30.0%), from €3.0m to €3.9m
- Provisions -€446,438
no longer reported in 2025 (was €446,438)
- Depreciation -€747,496
down €747,496 (-21.3%), from €3.5m to €2.8m
- Gross operating margin +€714,213
up €714,213 (+172.7%), from €413,504 to €1.1m
- Financial income -€517,262
down €517,262 (-27.8%), from €1.9m to €1.3m
- Staff costs +€268,132
up €268,132 (+56.1%), from €478,070 to €746,201
- Taxes +€104,110
up €104,110 (+54.6%), from -€190,535 to -€86,425
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 | €6,377,666 | €4,536,518 | -€1.8m | -28.9% |
| Fixed assets | 21/28 | €2,805,936 | €100,466 | -€2.7m | -96.4% |
| Intangible fixed assets | 21 | €2,760,242 | €25,606 | -€2.7m | -99.1% |
| Tangible fixed assets | 22/27 | €41,530 | €59,511 | +€17,982 | +43.3% |
| Plant, machinery and equipment | 23 | €33,936 | €4,393 | -€29,543 | -87.1% |
| Furniture and vehicles | 24 | €7,593 | €17,565 | +€9,972 | +131.3% |
| Other tangible fixed assets | 26 | - | €37,553 | +€37,553 | |
| Financial fixed assets | 28 | €4,164 | €15,349 | +€11,184 | +268.6% |
| Current assets | 29/58 | €3,571,731 | €4,436,052 | +€864,321 | +24.2% |
| Amounts receivable after more than one year | 29 | €356,717 | €443,142 | +€86,425 | +24.2% |
| Other amounts receivable | 291 | €356,717 | €443,142 | +€86,425 | +24.2% |
| Amounts receivable within one year | 40/41 | €329,730 | €335,482 | +€5,752 | +1.7% |
| Trade receivables | 40 | €14,603 | - | -€14,603 | |
| Other amounts receivable | 41 | €315,128 | €335,482 | +€20,355 | +6.5% |
| Current investments | 50/53 | €420,000 | - | -€420,000 | |
| Cash at bank and in hand | 54/58 | €122,874 | €644,217 | +€521,344 | +424.3% |
| Deferred charges and accrued income | 490/1 | €2,342,410 | €3,013,210 | +€670,800 | +28.6% |
| Total equity and liabilities | 10/49 | €6,377,666 | €4,536,518 | -€1.8m | -28.9% |
| Equity | 10/15 | €784,232 | -€3,744,604 | -€4.5m | |
| Contributions | 10/11 | €900,450 | €900,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,455,502 | -€4,645,054 | -€3.2m | -219.1% |
| Investment grants | 15 | €1,339,285 | - | -€1.3m | |
| Provisions and deferred taxes | 16 | €446,438 | - | -€446,438 | |
| Deferred taxes | 168 | €446,438 | - | -€446,438 | |
| Amounts payable | 17/49 | €5,146,996 | €8,281,122 | +€3.1m | +60.9% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,900,000 | +€900,000 | +30.0% |
| Financial debts | 170/4 | €3,000,000 | €3,900,000 | +€900,000 | +30.0% |
| Amounts payable within one year | 42/48 | €2,146,996 | €4,381,122 | +€2.2m | +104.1% |
| Current portion of amounts payable after more than one year | 42 | €1,300,000 | €1,300,000 | = | 0.0% |
| Trade debts | 44 | €790,456 | €3,009,649 | +€2.2m | +280.7% |
| Suppliers | 440/4 | €790,456 | €3,009,649 | +€2.2m | +280.7% |
| Taxes, remuneration and social security | 45 | €56,540 | €71,472 | +€14,932 | +26.4% |
| Remuneration and social security | 454/9 | €56,540 | €71,472 | +€14,932 | +26.4% |
| Remuneration, social security and pensions | 62 | €478,070 | €746,201 | +€268,132 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,503,411 | €2,755,915 | -€747,496 | -21.3% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Non-recurring operating charges | 66A | - | €2,689,546 | +€2.7m | |
| Gross operating margin | 9900 | €413,504 | €1,127,717 | +€714,213 | +172.7% |
| Operating profit (loss) | 9901 | -€3,568,363 | -€5,064,943 | -€1.5m | -41.9% |
| Financial income | 75/76B | €1,860,137 | €1,342,875 | -€517,262 | -27.8% |
| Recurring financial income | 75 | €1,860,137 | €1,342,875 | -€517,262 | -27.8% |
| Financial charges | 65/66B | €464 | €348 | -€115 | -24.9% |
| Recurring financial charges | 65 | €464 | €348 | -€115 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,708,690 | -€3,722,416 | -€2.0m | -117.9% |
| Transfer from deferred taxes | 780 | €599,887 | €446,438 | -€153,449 | -25.6% |
| Income taxes | 67/77 | -€190,535 | -€86,425 | +€104,110 | +54.6% |
| Profit (loss) for the period | 9904 | -€918,268 | -€3,189,552 | -€2.3m | -247.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€918,268 | -€3,189,552 | -€2.3m | -247.3% |
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 9 October 2026 via checked.be.