We are 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.
We are the Hive
Largest movements
- Receivables within one year -€74,688
down €74,688 (-15.8%), from €472,601 to €397,913
of which Other amounts receivable: -€53,981
- Cash +€10,091
up €10,091 (+120%), from €8,399 to €18,490
mainly Receivables within one year (+€74,688) and Tax, wage and social debts (+€51,998)
- Other debts -€126,500
down €126,500 (-32.6%), from €388,000 to €261,500
- Tax, wage and social debts +€51,998
up €51,998 (+74.4%), from €69,897 to €121,895
of which Remuneration and social security: +€50,136
- Staff costs -€180,060
down €180,060 (-37.4%), from €481,369 to €301,309
- Gross operating margin -€175,146
down €175,146 (-35.5%), from €493,737 to €318,591
- Taxes +€7,269
new in 2025: €7,269
- Other operating charges -€6,288
down €6,288 (-60.6%), from €10,376 to €4,088
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 | €485,435 | €418,720 | -€66,715 | -13.7% |
| Fixed assets | 21/28 | €2,600 | €1,300 | -€1,300 | -50.0% |
| Tangible fixed assets | 22/27 | €2,600 | €1,300 | -€1,300 | -50.0% |
| Plant, machinery and equipment | 23 | €2,600 | €1,300 | -€1,300 | -50.0% |
| Current assets | 29/58 | €482,835 | €417,420 | -€65,415 | -13.5% |
| Amounts receivable within one year | 40/41 | €472,601 | €397,913 | -€74,688 | -15.8% |
| Trade receivables | 40 | €410,765 | €390,058 | -€20,707 | -5.0% |
| Other amounts receivable | 41 | €61,836 | €7,855 | -€53,981 | -87.3% |
| Cash at bank and in hand | 54/58 | €8,399 | €18,490 | +€10,091 | +120% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,017 | -€818 | -44.6% |
| Total equity and liabilities | 10/49 | €485,435 | €418,720 | -€66,715 | -13.7% |
| Equity | 10/15 | €12,982 | €17,160 | +€4,178 | +32.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30 | €30 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552 | €4,730 | +€4,178 | +757% |
| Amounts payable | 17/49 | €472,453 | €401,560 | -€70,893 | -15.0% |
| Amounts payable within one year | 42/48 | €472,453 | €401,560 | -€70,893 | -15.0% |
| Trade debts | 44 | €14,556 | €18,165 | +€3,609 | +24.8% |
| Suppliers | 440/4 | €14,556 | €18,165 | +€3,609 | +24.8% |
| Taxes, remuneration and social security | 45 | €69,897 | €121,895 | +€51,998 | +74.4% |
| Taxes | 450/3 | €36,354 | €38,216 | +€1,862 | +5.1% |
| Remuneration and social security | 454/9 | €33,543 | €83,679 | +€50,136 | +149% |
| Other amounts payable | 47/48 | €388,000 | €261,500 | -€126,500 | -32.6% |
| Remuneration, social security and pensions | 62 | €481,369 | €301,309 | -€180,060 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €1,300 | = | 0.0% |
| Other operating charges | 640/8 | €10,376 | €4,088 | -€6,288 | -60.6% |
| Gross operating margin | 9900 | €493,737 | €318,591 | -€175,146 | -35.5% |
| Operating profit (loss) | 9901 | €692 | €11,894 | +€11,202 | +1,619% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €177 | €447 | +€270 | +153% |
| Recurring financial charges | 65 | €177 | €447 | +€270 | +153% |
| Profit (loss) for the period before taxes | 9903 | €520 | €11,447 | +€10,927 | +2,101% |
| Income taxes | 67/77 | - | €7,269 | +€7,269 | |
| Profit (loss) for the period | 9904 | €520 | €4,178 | +€3,658 | +703% |
| Profit (loss) for the period to be appropriated | 9905 | €520 | €4,178 | +€3,658 | +703% |
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 1 November 2026 via checked.be.