CHEOPS COMMERCIAL: 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.
What changed
CHEOPS COMMERCIAL
NACE 46.412, Wholesale of household textiles and bedding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€86,602
2024 · €52,468+€34,134
Equity
€2.5m
2024 · €2.5m+€18,827
Cash
€1.2m
2024 · €1.1m+€78,359
Balance sheet total
€3.2m
2024 · €3.2m+€58,525
Largest movements
Assets
- Current investments +€82,032
up €82,032 (+11.6%), from €708,209 to €790,242
- Cash +€78,359
up €78,359 (+6.8%), from €1.1m to €1.2m
mainly Net result for the year (+€86,602) and Depreciation (+€72,345)
- Tangible fixed assets -€71,096
down €71,096 (-5.6%), from €1.3m to €1.2m
of which Land and buildings: -€69,144
Equity and liabilities
- Other debts +€69,274
up €69,274 (+48.3%), from €143,310 to €212,584
Income statement
- Financial income +€50,277
up €50,277 (+1,087%), from €4,624 to €54,901
- Financial charges +€24,760
up €24,760 (+289%), from €8,568 to €33,328
- Gross operating margin +€19,720
up €19,720 (+11.2%), from €175,610 to €195,330
- Taxes +€13,988
up €13,988 (+41.6%), from €33,618 to €47,606
- Provisions -€7,500
down €7,500 (-100%), from €7,500 to €0
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.
Result 2024
€52,468
Gross operating margin
+€19,720
Depreciation
-€3,304
Provisions
+€7,500
Other operating charges
-€1,311
Financial income
+€50,277
Financial charges
-€24,760
Taxes
-€13,988
Result 2025
€86,602
raises the resultlowers the result
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.
From operations
+€248,805
Investment
-€83,232
Financing
-€87,214
Cash 2024
€1.1m
From operations (derived)
+€248,805
Net result for the year
+€86,602
Depreciation
+€72,345
Receivables within one year
+€25,061
Deferred charges and accrued income
+€5,660
Provisions
-€3,639
Trade debts
-€13,086
Tax, wage and social debts
+€4,181
Other debts
+€69,274
Accrued charges and deferred income
+€2,409
Investment (derived)
-€83,232
Investment in fixed assets (net)
-€1,199
Current investments
-€82,032
Financing
-€87,214
Debts after one year
-€20,126
Current portion of long-term debt
+€793
Short-term financial debts
-€107
Contributions, distributions and other
-€67,775
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,153,923 | €3,212,449 | +€58,525 | +1.9% |
| Fixed assets | 21/28 | €1,261,975 | €1,190,830 | -€71,145 | -5.6% |
| Tangible fixed assets | 22/27 | €1,261,915 | €1,190,820 | -€71,096 | -5.6% |
| Land and buildings | 22 | €1,249,298 | €1,180,154 | -€69,144 | -5.5% |
| Plant, machinery and equipment | 23 | - | €1,215 | +€1,215 | |
| Furniture and vehicles | 24 | €12,617 | €9,451 | -€3,166 | -25.1% |
| Financial fixed assets | 28 | €60 | €10 | -€50 | -83.2% |
| Current assets | 29/58 | €1,891,948 | €2,021,619 | +€129,671 | +6.9% |
| Amounts receivable within one year | 40/41 | €25,193 | €132 | -€25,061 | -99.5% |
| Trade receivables | 40 | €14,926 | €0 | -€14,926 | -100% |
| Other amounts receivable | 41 | €10,266 | €132 | -€10,134 | -98.7% |
| Current investments | 50/53 | €708,209 | €790,242 | +€82,032 | +11.6% |
| Cash at bank and in hand | 54/58 | €1,148,813 | €1,227,172 | +€78,359 | +6.8% |
| Deferred charges and accrued income | 490/1 | €9,733 | €4,073 | -€5,660 | -58.2% |
| Total equity and liabilities | 10/49 | €3,153,923 | €3,212,449 | +€58,525 | +1.9% |
| Equity | 10/15 | €2,458,679 | €2,477,507 | +€18,827 | +0.8% |
| Contributions | 10/11 | €1,659,990 | €1,659,990 | = | 0.0% |
| Capital | 10 | €1,659,990 | €1,659,990 | = | 0.0% |
| Issued capital | 100 | €1,659,990 | €1,659,990 | = | 0.0% |
| Reserves | 13 | €798,689 | €817,517 | +€18,827 | +2.4% |
| Non-distributable reserves | 130/1 | €79,512 | €79,512 | = | 0.0% |
| Legal reserve | 130 | €79,512 | €79,512 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,990 | €158,072 | -€10,918 | -6.5% |
| Distributable reserves | 133 | €550,187 | €579,932 | +€29,745 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €124,130 | €120,491 | -€3,639 | -2.9% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €75,000 | €75,000 | = | 0.0% |
| Deferred taxes | 168 | €49,130 | €45,491 | -€3,639 | -7.4% |
| Amounts payable | 17/49 | €571,114 | €614,451 | +€43,337 | +7.6% |
| Amounts payable after more than one year | 17 | €370,667 | €350,541 | -€20,126 | -5.4% |
| Financial debts | 170/4 | €370,667 | €350,541 | -€20,126 | -5.4% |
| Amounts payable within one year | 42/48 | €189,778 | €250,832 | +€61,054 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €19,333 | €20,126 | +€793 | +4.1% |
| Financial debts | 43 | €107 | €0 | -€107 | -100% |
| Credit institutions | 430/8 | €107 | €0 | -€107 | -100% |
| Trade debts | 44 | €22,684 | €9,598 | -€13,086 | -57.7% |
| Suppliers | 440/4 | €22,684 | €9,598 | -€13,086 | -57.7% |
| Taxes, remuneration and social security | 45 | €4,343 | €8,525 | +€4,181 | +96.3% |
| Taxes | 450/3 | €4,343 | €8,525 | +€4,181 | +96.3% |
| Other amounts payable | 47/48 | €143,310 | €212,584 | +€69,274 | +48.3% |
| Accrued charges and deferred income | 492/3 | €10,669 | €13,078 | +€2,409 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,041 | €72,345 | +€3,304 | +4.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,500 | €0 | -€7,500 | -100% |
| Other operating charges | 640/8 | €12,679 | €13,990 | +€1,311 | +10.3% |
| Gross operating margin | 9900 | €175,610 | €195,330 | +€19,720 | +11.2% |
| Operating profit (loss) | 9901 | €86,391 | €108,996 | +€22,605 | +26.2% |
| Financial income | 75/76B | €4,624 | €54,901 | +€50,277 | +1,087% |
| Recurring financial income | 75 | €4,624 | €54,901 | +€50,277 | +1,087% |
| Financial charges | 65/66B | €8,568 | €33,328 | +€24,760 | +289% |
| Recurring financial charges | 65 | €8,568 | €33,328 | +€24,760 | +289% |
| Profit (loss) for the period before taxes | 9903 | €82,447 | €130,569 | +€48,122 | +58.4% |
| Transfer from deferred taxes | 780 | €3,639 | €3,639 | = | 0.0% |
| Income taxes | 67/77 | €33,618 | €47,606 | +€13,988 | +41.6% |
| Profit (loss) for the period | 9904 | €52,468 | €86,602 | +€34,134 | +65.1% |
| Transfer from tax-exempt reserves | 789 | €10,918 | €10,918 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,386 | €97,520 | +€34,134 | +53.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.