CHEOPS TECHNOLOGY: what changed
Two fiscal 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 TECHNOLOGY
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.7m
2024 · €6.9m-€2.2m
Equity
€8.2m
2024 · €6.9m+€1.3m
Cash
€7.0m
2024 · €4.5m+€2.5m
Balance sheet total
€39.3m
2024 · €37.9m+€1.4m
Largest movements
Assets
- Financial fixed assets -€16.5m
down €16.5m (-99.4%), from €16.6m to €95,030
of which Affiliated companies: -€16.5m
- Intangible fixed assets +€13.3m
up €13.3m (+998.0%), from €1.3m to €14.6m
- Cash +€2.5m
up €2.5m (+57.0%), from €4.5m to €7.0m
mainly Net result for the year (+€4.7m) and Depreciation (+€3.4m)
- Receivables within one year +€1.7m
up €1.7m (+14.9%), from €11.3m to €13.0m
of which Trade receivables: +€2.5m
- Deferred charges and accrued income +€475,194
up €475,194 (+32.7%), from €1.5m to €1.9m
Equity and liabilities
- Other debts -€3.4m
down €3.4m (-44.1%), from €7.6m to €4.3m
- Debts after one year +€1.6m
up €1.6m (+19.2%), from €8.5m to €10.1m
- Reserves +€1.3m
up €1.3m (+22.9%), from €5.9m to €7.2m
of which Distributable reserves: +€1.3m
- Trade debts +€1.0m
up €1.0m (+16.3%), from €6.4m to €7.4m
- Tax, wage and social debts +€486,123
up €486,123 (+10.6%), from €4.6m to €5.1m
of which Remuneration and social security: +€407,346
Income statement
- Turnover +€13.2m
up €13.2m (+21.7%), from €61.1m to €74.3m
- Goods and materials +€10.0m
up €10.0m (+48.5%), from €20.6m to €30.6m
of which Purchases: +€10.0m
- Depreciation +€2.0m
up €2.0m (+151.2%), from €1.3m to €3.4m
- Services and other goods +€1.7m
up €1.7m (+18.8%), from €8.8m to €10.4m
- Staff costs +€1.5m
up €1.5m (+6.2%), from €23.9m to €25.4m
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
€6.9m
Turnover
+€13.2m
Other operating income
+€312,520
Goods and materials
-€10.0m
Services and other goods
-€1.7m
Staff costs
-€1.5m
Depreciation
-€2.0m
Write-downs
-€222,263
Other operating charges
-€66,927
Other operating items
+€341,310
Financial income
-€32,271
Financial charges
-€616,741
Taxes
+€45,779
Result 2025
€4.7m
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.
From operations
+€4.4m
Investment
-€50,753
Financing
-€1.8m
Cash 2024
€4.5m
From operations (derived)
+€4.4m
Net result for the year
+€4.7m
Depreciation
+€3.4m
Stocks and contracts
-€73,843
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€475,194
Trade debts
+€1.0m
Tax, wage and social debts
+€486,123
Other debts
-€3.4m
Accrued charges and deferred income
+€287,821
Investment (derived)
-€50,753
Investment in fixed assets (net)
-€40,696
Current investments
-€10,057
Financing
-€1.8m
Debts after one year
+€1.6m
Contributions, distributions and other
-€3.4m
Cash 2025
€7.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,858,627 | €39,290,592 | +€1.4m | +3.8% |
| Fixed assets | 21/28 | €20,547,651 | €17,199,306 | -€3.3m | -16.3% |
| Intangible fixed assets | 21 | €1,328,537 | €14,586,982 | +€13.3m | +998.0% |
| Tangible fixed assets | 22/27 | €2,652,845 | €2,517,295 | -€135,550 | -5.1% |
| Plant, machinery and equipment | 23 | €1,238,735 | €1,250,241 | +€11,506 | +0.9% |
| Furniture and vehicles | 24 | €280,605 | €274,917 | -€5,688 | -2.0% |
| Other tangible fixed assets | 26 | €1,133,505 | €992,136 | -€141,369 | -12.5% |
| Financial fixed assets | 28 | €16,566,270 | €95,030 | -€16.5m | -99.4% |
| Affiliated companies | 280/1 | €16,506,000 | €34,600 | -€16.5m | -99.8% |
| Participating interests | 280 | €16,506,000 | €34,600 | -€16.5m | -99.8% |
| Other financial fixed assets | 284/8 | €60,270 | €60,430 | +€160 | +0.3% |
| Amounts receivable and cash guarantees | 285/8 | €60,270 | €60,430 | +€160 | +0.3% |
| Current assets | 29/58 | €17,310,976 | €22,091,286 | +€4.8m | +27.6% |
| Stocks and contracts in progress | 3 | €46,168 | €120,012 | +€73,843 | +159.9% |
| Stocks | 30/36 | €46,168 | €120,012 | +€73,843 | +159.9% |
| Goods purchased for resale | 34 | €46,168 | €120,012 | +€73,843 | +159.9% |
| Amounts receivable within one year | 40/41 | €11,317,621 | €13,001,036 | +€1.7m | +14.9% |
| Trade receivables | 40 | €10,457,815 | €12,977,962 | +€2.5m | +24.1% |
| Other amounts receivable | 41 | €859,806 | €23,074 | -€836,732 | -97.3% |
| Current investments | 50/53 | €42,779 | €52,836 | +€10,057 | +23.5% |
| Other investments | 51/53 | €42,779 | €52,836 | +€10,057 | +23.5% |
| Cash at bank and in hand | 54/58 | €4,453,422 | €6,991,223 | +€2.5m | +57.0% |
| Deferred charges and accrued income | 490/1 | €1,450,985 | €1,926,179 | +€475,194 | +32.7% |
| Total equity and liabilities | 10/49 | €37,858,627 | €39,290,592 | +€1.4m | +3.8% |
| Equity | 10/15 | €6,850,159 | €8,189,699 | +€1.3m | +19.6% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €5,850,100 | €7,189,500 | +€1.3m | +22.9% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €5,750,100 | €7,089,500 | +€1.3m | +23.3% |
| Profit (loss) carried forward | 14 | €59 | €199 | +€141 | +240.0% |
| Amounts payable | 17/49 | €31,008,469 | €31,100,893 | +€92,424 | +0.3% |
| Amounts payable after more than one year | 17 | €8,500,000 | €10,133,333 | +€1.6m | +19.2% |
| Financial debts | 170/4 | €8,500,000 | €10,133,333 | +€1.6m | +19.2% |
| Credit institutions | 173 | €8,500,000 | €10,133,333 | +€1.6m | +19.2% |
| Amounts payable within one year | 42/48 | €18,553,299 | €16,724,569 | -€1.8m | -9.9% |
| Trade debts | 44 | €6,370,298 | €7,409,246 | +€1.0m | +16.3% |
| Suppliers | 440/4 | €6,370,298 | €7,409,246 | +€1.0m | +16.3% |
| Taxes, remuneration and social security | 45 | €4,574,796 | €5,060,919 | +€486,123 | +10.6% |
| Taxes | 450/3 | €1,264,037 | €1,342,814 | +€78,777 | +6.2% |
| Remuneration and social security | 454/9 | €3,310,759 | €3,718,105 | +€407,346 | +12.3% |
| Other amounts payable | 47/48 | €7,608,205 | €4,254,404 | -€3.4m | -44.1% |
| Accrued charges and deferred income | 492/3 | €3,955,170 | €4,242,991 | +€287,821 | +7.3% |
| Operating income | 70/76A | €62,825,001 | €76,717,430 | +€13.9m | +22.1% |
| Turnover | 70 | €61,071,275 | €74,309,885 | +€13.2m | +21.7% |
| Own construction capitalised | 72 | €287,825 | €509,559 | +€221,734 | +77.0% |
| Other operating income | 74 | €1,464,374 | €1,776,894 | +€312,520 | +21.3% |
| Non-recurring operating income | 76A | €1,526 | €121,092 | +€119,566 | +7835.6% |
| Operating charges | 60/66A | €54,529,385 | €69,973,123 | +€15.4m | +28.3% |
| Goods for resale, raw materials and consumables | 60 | €20,585,155 | €30,562,241 | +€10.0m | +48.5% |
| Purchases | 600/8 | €20,606,368 | €30,637,110 | +€10.0m | +48.7% |
| Change in stocks: decrease (increase) | 609 | -€21,213 | -€74,869 | -€53,656 | -252.9% |
| Services and other goods | 61 | €8,789,894 | €10,442,615 | +€1.7m | +18.8% |
| Remuneration, social security and pensions | 62 | €23,877,441 | €25,362,267 | +€1.5m | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,349,115 | €3,389,041 | +€2.0m | +151.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€90,162 | €132,101 | +€222,263 | |
| Other operating charges | 640/8 | €12,083 | €79,010 | +€66,927 | +553.9% |
| Non-recurring operating charges | 66A | €5,858 | €5,848 | -€10 | -0.2% |
| Operating profit (loss) | 9901 | €8,295,615 | €6,744,307 | -€1.6m | -18.7% |
| Financial income | 75/76B | €46,357 | €14,087 | -€32,271 | -69.6% |
| Recurring financial income | 75 | €46,357 | €14,087 | -€32,271 | -69.6% |
| Income from current assets | 751 | €23,255 | €8,246 | -€15,009 | -64.5% |
| Other financial income | 752/9 | €23,102 | €5,841 | -€17,261 | -74.7% |
| Financial charges | 65/66B | €535,935 | €1,152,676 | +€616,741 | +115.1% |
| Recurring financial charges | 65 | €535,935 | €1,152,676 | +€616,741 | +115.1% |
| Debt charges | 650 | €510,330 | €1,122,837 | +€612,507 | +120.0% |
| Other financial charges | 652/9 | €25,604 | €29,839 | +€4,234 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €7,806,037 | €5,605,717 | -€2.2m | -28.2% |
| Income taxes | 67/77 | €903,422 | €857,643 | -€45,779 | -5.1% |
| Taxes | 670/3 | €943,755 | €864,572 | -€79,183 | -8.4% |
| Tax adjustments and reversals of tax provisions | 77 | €40,333 | €6,930 | -€33,404 | -82.8% |
| Profit (loss) for the period | 9904 | €6,902,616 | €4,748,074 | -€2.2m | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,902,616 | €4,748,074 | -€2.2m | -31.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.