THE HIVE: 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.
THE HIVE
Largest movements
- Tangible fixed assets -€20,169
down €20,169 (-11.0%), from €182,967 to €162,798
of which Other tangible fixed assets: -€18,562
- Cash +€6,698
up €6,698 (+699.2%), from €958 to €7,656
mainly Tax, wage and social debts (+€33,117) and Depreciation (+€23,520)
- Stocks and contracts +€6,357
new in 2024: €6,357
- Intangible fixed assets -€3,349
down €3,349 (-38.9%), from €8,612 to €5,263
- Deferred charges and accrued income +€3,154
up €3,154 (+1377.3%), from €229 to €3,383
- Profit (loss) carried forward -€58,659
down €58,659 (-141.8%), from -€41,380 to -€100,039
- Tax, wage and social debts +€33,117
up €33,117 (+303.0%), from €10,930 to €44,047
of which Remuneration and social security: +€18,597
- Other debts +€18,433
up €18,433 (+13.6%), from €135,435 to €153,868
- Gross operating margin +€183,781
up €183,781 (+6023.6%), from €3,051 to €186,832
- Staff costs +€172,188
up €172,188 (+563.2%), from €30,571 to €202,759
- Other operating charges +€13,372
up €13,372 (+614.8%), from €2,175 to €15,547
- Depreciation +€13,255
up €13,255 (+129.1%), from €10,265 to €23,520
- Financial charges +€2,270
up €2,270 (+159.7%), from €1,421 to €3,691
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,919 | €192,014 | -€5,905 | -3.0% |
| Fixed assets | 21/28 | €191,579 | €168,061 | -€23,518 | -12.3% |
| Intangible fixed assets | 21 | €8,612 | €5,263 | -€3,349 | -38.9% |
| Tangible fixed assets | 22/27 | €182,967 | €162,798 | -€20,169 | -11.0% |
| Furniture and vehicles | 24 | €7,055 | €5,448 | -€1,607 | -22.8% |
| Other tangible fixed assets | 26 | €175,912 | €157,350 | -€18,562 | -10.6% |
| Current assets | 29/58 | €6,340 | €23,953 | +€17,613 | +277.8% |
| Stocks and contracts in progress | 3 | - | €6,357 | +€6,357 | |
| Stocks | 30/36 | - | €6,357 | +€6,357 | |
| Amounts receivable within one year | 40/41 | €5,153 | €6,557 | +€1,404 | +27.2% |
| Trade receivables | 40 | €5,153 | €5,832 | +€679 | +13.2% |
| Other amounts receivable | 41 | - | €725 | +€725 | |
| Cash at bank and in hand | 54/58 | €958 | €7,656 | +€6,698 | +699.2% |
| Deferred charges and accrued income | 490/1 | €229 | €3,383 | +€3,154 | +1377.3% |
| Total equity and liabilities | 10/49 | €197,919 | €192,014 | -€5,905 | -3.0% |
| Equity | 10/15 | -€21,380 | -€80,039 | -€58,659 | -274.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,380 | -€100,039 | -€58,659 | -141.8% |
| Amounts payable | 17/49 | €219,299 | €272,053 | +€52,754 | +24.1% |
| Amounts payable within one year | 42/48 | €219,299 | €272,053 | +€52,754 | +24.1% |
| Trade debts | 44 | €72,934 | €74,138 | +€1,204 | +1.7% |
| Suppliers | 440/4 | €72,934 | €74,138 | +€1,204 | +1.7% |
| Taxes, remuneration and social security | 45 | €10,930 | €44,047 | +€33,117 | +303.0% |
| Taxes | 450/3 | €2,220 | €16,740 | +€14,520 | +654.1% |
| Remuneration and social security | 454/9 | €8,710 | €27,307 | +€18,597 | +213.5% |
| Other amounts payable | 47/48 | €135,435 | €153,868 | +€18,433 | +13.6% |
| Remuneration, social security and pensions | 62 | €30,571 | €202,759 | +€172,188 | +563.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,265 | €23,520 | +€13,255 | +129.1% |
| Other operating charges | 640/8 | €2,175 | €15,547 | +€13,372 | +614.8% |
| Gross operating margin | 9900 | €3,051 | €186,832 | +€183,781 | +6023.6% |
| Operating profit (loss) | 9901 | -€39,960 | -€54,994 | -€15,034 | -37.6% |
| Financial income | 75/76B | €1 | €26 | +€25 | +2500.0% |
| Recurring financial income | 75 | €1 | €26 | +€25 | +2500.0% |
| Financial charges | 65/66B | €1,421 | €3,691 | +€2,270 | +159.7% |
| Recurring financial charges | 65 | €1,421 | €3,691 | +€2,270 | +159.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,380 | -€58,659 | -€17,279 | -41.8% |
| Profit (loss) for the period | 9904 | -€41,380 | -€58,659 | -€17,279 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,380 | -€58,659 | -€17,279 | -41.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.