The Software 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 Software Hive
Largest movements
- Cash -€79,311
down €79,311 (-42.7%), from €185,752 to €106,441
mainly Contributions, distributions and other (-€155,069) and Stocks and contracts (-€15,957)
- Stocks and contracts +€15,957
new in 2025: €15,957
- Tangible fixed assets -€12,715
down €12,715 (-40.8%), from €31,190 to €18,475
- Intangible fixed assets -€11,024
down €11,024 (-38.7%), from €28,489 to €17,465
- Receivables within one year +€5,581
up €5,581 (+10.3%), from €54,009 to €59,589
of which Trade receivables: +€45,475
- Reserves -€55,069
down €55,069 (-64.4%), from €85,446 to €30,377
- Debts after one year -€12,702
down €12,702 (-100.0%), from €12,702 to €0
- Other debts -€9,403
down €9,403 (-6.5%), from €143,710 to €134,307
- Gross operating margin +€5,848
up €5,848 (+3.8%), from €152,180 to €158,028
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 | €300,190 | €223,627 | -€76,563 | -25.5% |
| Fixed assets | 21/28 | €59,914 | €36,175 | -€23,739 | -39.6% |
| Intangible fixed assets | 21 | €28,489 | €17,465 | -€11,024 | -38.7% |
| Tangible fixed assets | 22/27 | €31,190 | €18,475 | -€12,715 | -40.8% |
| Furniture and vehicles | 24 | €31,190 | €18,475 | -€12,715 | -40.8% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €240,276 | €187,452 | -€52,824 | -22.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €15,957 | +€15,957 | |
| Contracts in progress | 37 | - | €15,957 | +€15,957 | |
| Amounts receivable within one year | 40/41 | €54,009 | €59,589 | +€5,581 | +10.3% |
| Trade receivables | 40 | €14,115 | €59,589 | +€45,475 | +322.2% |
| Other amounts receivable | 41 | €39,894 | €0 | -€39,894 | -100.0% |
| Cash at bank and in hand | 54/58 | €185,752 | €106,441 | -€79,311 | -42.7% |
| Deferred charges and accrued income | 490/1 | €515 | €5,465 | +€4,950 | +960.9% |
| Total equity and liabilities | 10/49 | €300,190 | €223,627 | -€76,563 | -25.5% |
| Equity | 10/15 | €103,996 | €49,035 | -€54,961 | -52.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €85,446 | €30,377 | -€55,069 | -64.4% |
| Distributable reserves | 133 | €85,446 | €30,377 | -€55,069 | -64.4% |
| Profit (loss) carried forward | 14 | €0 | €108 | +€108 | |
| Amounts payable | 17/49 | €196,193 | €174,592 | -€21,601 | -11.0% |
| Amounts payable after more than one year | 17 | €12,702 | €0 | -€12,702 | -100.0% |
| Financial debts | 170/4 | €12,702 | €0 | -€12,702 | -100.0% |
| Amounts payable within one year | 42/48 | €183,491 | €174,592 | -€8,899 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €13,572 | €12,702 | -€870 | -6.4% |
| Financial debts | 43 | €91 | €18 | -€73 | -80.7% |
| Credit institutions | 430/8 | €91 | €18 | -€73 | -80.7% |
| Trade debts | 44 | €2,394 | €4,956 | +€2,562 | +107.0% |
| Suppliers | 440/4 | €2,394 | €4,956 | +€2,562 | +107.0% |
| Taxes, remuneration and social security | 45 | €23,724 | €22,609 | -€1,115 | -4.7% |
| Taxes | 450/3 | €23,724 | €22,609 | -€1,115 | -4.7% |
| Other amounts payable | 47/48 | €143,710 | €134,307 | -€9,403 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,462 | €30,187 | -€1,275 | -4.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €152,180 | €158,028 | +€5,848 | +3.8% |
| Operating profit (loss) | 9901 | €120,190 | €127,297 | +€7,107 | +5.9% |
| Financial income | 75/76B | €2,235 | €1,358 | -€877 | -39.3% |
| Recurring financial income | 75 | €2,235 | €1,358 | -€877 | -39.3% |
| Financial charges | 65/66B | €873 | €770 | -€102 | -11.7% |
| Recurring financial charges | 65 | €873 | €770 | -€102 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €121,552 | €127,884 | +€6,332 | +5.2% |
| Income taxes | 67/77 | €26,274 | €27,777 | +€1,502 | +5.7% |
| Profit (loss) for the period | 9904 | €95,278 | €100,108 | +€4,830 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,278 | €100,108 | +€4,830 | +5.1% |
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 10 October 2026 via checked.be.