THE IT 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 IT HIVE
Largest movements
- Receivables within one year -€13,869
down €13,869 (-64.7%), from €21,425 to €7,556
of which Trade receivables: -€17,844
- Receivables after one year -€4,294
down €4,294 (-100%), from €4,294 to €0
- Cash -€2,929
down €2,929 (-48.4%), from €6,047 to €3,118
mainly Net result for the year (-€14,273) and Tax, wage and social debts (-€4,196)
- Deferred charges and accrued income +€2,150
up €2,150 (+253%), from €848 to €2,998
- Tangible fixed assets -€2,109
down €2,109 (-40.4%), from €5,225 to €3,117
of which Furniture and vehicles: -€1,159
- Profit (loss) carried forward -€14,273
down €14,273 (-203%), from -€7,024 to -€21,297
- Tax, wage and social debts -€4,196
down €4,196 (-20.8%), from €20,129 to €15,933
of which Remuneration and social security: -€2,982
- Other debts -€4,049
down €4,049 (-88.6%), from €4,572 to €523
- Trade debts +€1,216
up €1,216 (+14.0%), from €8,710 to €9,927
- Staff costs +€9,114
up €9,114 (+11.9%), from €76,688 to €85,802
- Gross operating margin -€5,751
down €5,751 (-7.1%), from €81,563 to €75,812
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,203 | €17,152 | -€21,051 | -55.1% |
| Fixed assets | 21/28 | €5,588 | €3,480 | -€2,109 | -37.7% |
| Tangible fixed assets | 22/27 | €5,225 | €3,117 | -€2,109 | -40.4% |
| Plant, machinery and equipment | 23 | €3,369 | €2,419 | -€950 | -28.2% |
| Furniture and vehicles | 24 | €1,856 | €697 | -€1,159 | -62.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €32,614 | €13,672 | -€18,942 | -58.1% |
| Amounts receivable after more than one year | 29 | €4,294 | €0 | -€4,294 | -100% |
| Other amounts receivable | 291 | €4,294 | €0 | -€4,294 | -100% |
| Amounts receivable within one year | 40/41 | €21,425 | €7,556 | -€13,869 | -64.7% |
| Trade receivables | 40 | €20,981 | €3,136 | -€17,844 | -85.1% |
| Other amounts receivable | 41 | €444 | €4,419 | +€3,975 | +895% |
| Cash at bank and in hand | 54/58 | €6,047 | €3,118 | -€2,929 | -48.4% |
| Deferred charges and accrued income | 490/1 | €848 | €2,998 | +€2,150 | +253% |
| Total equity and liabilities | 10/49 | €38,203 | €17,152 | -€21,051 | -55.1% |
| Equity | 10/15 | €2,976 | -€11,297 | -€14,273 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,024 | -€21,297 | -€14,273 | -203% |
| Amounts payable | 17/49 | €35,227 | €28,449 | -€6,778 | -19.2% |
| Amounts payable within one year | 42/48 | €33,411 | €26,382 | -€7,029 | -21.0% |
| Trade debts | 44 | €8,710 | €9,927 | +€1,216 | +14.0% |
| Suppliers | 440/4 | €8,710 | €9,927 | +€1,216 | +14.0% |
| Taxes, remuneration and social security | 45 | €20,129 | €15,933 | -€4,196 | -20.8% |
| Taxes | 450/3 | €7,112 | €5,898 | -€1,214 | -17.1% |
| Remuneration and social security | 454/9 | €13,016 | €10,035 | -€2,982 | -22.9% |
| Other amounts payable | 47/48 | €4,572 | €523 | -€4,049 | -88.6% |
| Accrued charges and deferred income | 492/3 | €1,816 | €2,067 | +€251 | +13.8% |
| Remuneration, social security and pensions | 62 | €76,688 | €85,802 | +€9,114 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,457 | €2,109 | -€349 | -14.2% |
| Other operating charges | 640/8 | €513 | €764 | +€250 | +48.8% |
| Gross operating margin | 9900 | €81,563 | €75,812 | -€5,751 | -7.1% |
| Operating profit (loss) | 9901 | €1,904 | -€12,862 | -€14,766 | |
| Financial income | 75/76B | €147 | €113 | -€35 | -23.4% |
| Recurring financial income | 75 | €147 | €113 | -€35 | -23.4% |
| Financial charges | 65/66B | €830 | €942 | +€112 | +13.4% |
| Recurring financial charges | 65 | €830 | €942 | +€112 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €1,222 | -€13,691 | -€14,912 | |
| Income taxes | 67/77 | €522 | €582 | +€60 | +11.5% |
| Profit (loss) for the period | 9904 | €699 | -€14,273 | -€14,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €699 | -€14,273 | -€14,972 |
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 24 October 2026 via checked.be.