ThinkHive: 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.
ThinkHive
Largest movements
- Receivables within one year -€19,107
down €19,107 (-90.0%), from €21,224 to €2,117
of which Trade receivables: -€16,933
- Tangible fixed assets +€17,942
up €17,942 (+612%), from €2,932 to €20,874
of which Furniture and vehicles: +€17,469
- Cash +€10,907
up €10,907 (+74.5%), from €14,638 to €25,545
mainly Receivables within one year (+€19,107) and Debts after one year (+€12,460)
- Deferred charges and accrued income -€1,017
down €1,017 (-55.8%), from €1,824 to €807
- Debts after one year +€12,460
new in 2025: €12,460
- Tax, wage and social debts -€4,780
down €4,780 (-61.0%), from €7,830 to €3,051
- Current portion of long-term debt +€4,495
new in 2025: €4,495
- Trade debts -€3,056
down €3,056 (-40.4%), from €7,566 to €4,510
- Gross operating margin -€26,455
down €26,455 (-84.4%), from €31,359 to €4,904
- Taxes -€5,050
down €5,050 (-84.0%), from €6,013 to €962
- Depreciation +€2,194
up €2,194 (+169%), from €1,296 to €3,490
- Other operating charges -€776
no longer reported in 2025 (was €776)
- Financial charges +€321
up €321 (+235%), from €136 to €457
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 | €40,618 | €49,343 | +€8,725 | +21.5% |
| Fixed assets | 21/28 | €2,932 | €20,874 | +€17,942 | +612% |
| Tangible fixed assets | 22/27 | €2,932 | €20,874 | +€17,942 | +612% |
| Plant, machinery and equipment | 23 | €404 | €877 | +€473 | +117% |
| Furniture and vehicles | 24 | €2,528 | €19,997 | +€17,469 | +691% |
| Current assets | 29/58 | €37,686 | €28,469 | -€9,217 | -24.5% |
| Amounts receivable within one year | 40/41 | €21,224 | €2,117 | -€19,107 | -90.0% |
| Trade receivables | 40 | €16,933 | - | -€16,933 | |
| Other amounts receivable | 41 | €4,291 | €2,117 | -€2,174 | -50.7% |
| Cash at bank and in hand | 54/58 | €14,638 | €25,545 | +€10,907 | +74.5% |
| Deferred charges and accrued income | 490/1 | €1,824 | €807 | -€1,017 | -55.8% |
| Total equity and liabilities | 10/49 | €40,618 | €49,343 | +€8,725 | +21.5% |
| Equity | 10/15 | €23,338 | €23,336 | -€2 | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,338 | €22,336 | -€2 | 0.0% |
| Amounts payable | 17/49 | €17,280 | €26,007 | +€8,727 | +50.5% |
| Amounts payable after more than one year | 17 | - | €12,460 | +€12,460 | |
| Financial debts | 170/4 | - | €12,460 | +€12,460 | |
| Amounts payable within one year | 42/48 | €17,280 | €13,547 | -€3,733 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,495 | +€4,495 | |
| Trade debts | 44 | €7,566 | €4,510 | -€3,056 | -40.4% |
| Suppliers | 440/4 | €7,566 | €4,510 | -€3,056 | -40.4% |
| Taxes, remuneration and social security | 45 | €7,830 | €3,051 | -€4,780 | -61.0% |
| Taxes | 450/3 | €7,830 | €3,051 | -€4,780 | -61.0% |
| Other amounts payable | 47/48 | €1,884 | €1,491 | -€393 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,296 | €3,490 | +€2,194 | +169% |
| Other operating charges | 640/8 | €776 | - | -€776 | |
| Gross operating margin | 9900 | €31,359 | €4,904 | -€26,455 | -84.4% |
| Operating profit (loss) | 9901 | €29,287 | €1,414 | -€27,873 | -95.2% |
| Financial income | 75/76B | €0 | €4 | +€4 | +39,900% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +39,900% |
| Financial charges | 65/66B | €136 | €457 | +€321 | +235% |
| Recurring financial charges | 65 | €136 | €457 | +€321 | +235% |
| Profit (loss) for the period before taxes | 9903 | €29,151 | €960 | -€28,190 | -96.7% |
| Income taxes | 67/77 | €6,013 | €962 | -€5,050 | -84.0% |
| Profit (loss) for the period | 9904 | €23,138 | -€2 | -€23,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,138 | -€2 | -€23,140 |
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 14 October 2026 via checked.be.