PROXY SHOP SDMP: 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.
PROXY SHOP SDMP
Largest movements
- Receivables within one year -€20,427
down €20,427 (-30.3%), from €67,427 to €47,000
of which Trade receivables: -€28,351
- Cash -€7,946
down €7,946 (-17.6%), from €45,180 to €37,234
mainly Trade debts (-€66,754) and Other debts (-€2,854)
- Trade debts -€66,754
down €66,754 (-46.9%), from €142,422 to €75,668
- Profit (loss) carried forward +€28,443
up €28,443, from -€8,944 to €19,499
- Tax, wage and social debts +€12,596
up €12,596 (+41.1%), from €30,660 to €43,255
of which Taxes: +€16,522
- Other debts -€2,854
down €2,854 (-10.0%), from €28,609 to €25,755
- Staff costs -€25,795
down €25,795 (-15.4%), from €166,988 to €141,193
- Taxes +€9,613
new in 2025: €9,613
- Gross operating margin +€4,857
up €4,857 (+2.7%), from €180,631 to €185,487
- Other operating charges +€2,239
up €2,239 (+463%), from €484 to €2,723
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 | €198,747 | €170,177 | -€28,570 | -14.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €198,747 | €170,177 | -€28,570 | -14.4% |
| Stocks and contracts in progress | 3 | €86,140 | €85,943 | -€197 | -0.2% |
| Stocks | 30/36 | €86,140 | €85,943 | -€197 | -0.2% |
| Amounts receivable within one year | 40/41 | €67,427 | €47,000 | -€20,427 | -30.3% |
| Trade receivables | 40 | €28,351 | - | -€28,351 | |
| Other amounts receivable | 41 | €39,076 | €47,000 | +€7,924 | +20.3% |
| Cash at bank and in hand | 54/58 | €45,180 | €37,234 | -€7,946 | -17.6% |
| Total equity and liabilities | 10/49 | €198,747 | €170,177 | -€28,570 | -14.4% |
| Equity | 10/15 | -€2,944 | €25,499 | +€28,443 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,944 | €19,499 | +€28,443 | |
| Amounts payable | 17/49 | €201,691 | €144,678 | -€57,013 | -28.3% |
| Amounts payable within one year | 42/48 | €201,691 | €144,678 | -€57,013 | -28.3% |
| Trade debts | 44 | €142,422 | €75,668 | -€66,754 | -46.9% |
| Suppliers | 440/4 | €142,422 | €75,668 | -€66,754 | -46.9% |
| Taxes, remuneration and social security | 45 | €30,660 | €43,255 | +€12,596 | +41.1% |
| Taxes | 450/3 | €3,254 | €19,776 | +€16,522 | +508% |
| Remuneration and social security | 454/9 | €27,406 | €23,479 | -€3,927 | -14.3% |
| Other amounts payable | 47/48 | €28,609 | €25,755 | -€2,854 | -10.0% |
| Non-recurring operating income | 76A | €20,207 | - | -€20,207 | |
| Remuneration, social security and pensions | 62 | €166,988 | €141,193 | -€25,795 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232 | - | -€232 | |
| Other operating charges | 640/8 | €484 | €2,723 | +€2,239 | +463% |
| Non-recurring operating charges | 66A | €5,397 | - | -€5,397 | |
| Gross operating margin | 9900 | €180,631 | €185,487 | +€4,857 | +2.7% |
| Operating profit (loss) | 9901 | €7,530 | €41,571 | +€34,042 | +452% |
| Financial income | 75/76B | €530 | €1 | -€528 | -99.8% |
| Recurring financial income | 75 | €530 | €1 | -€528 | -99.8% |
| Financial charges | 65/66B | €3,494 | €3,517 | +€22 | +0.6% |
| Recurring financial charges | 65 | €3,494 | €3,517 | +€22 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €4,565 | €38,056 | +€33,491 | +734% |
| Income taxes | 67/77 | - | €9,613 | +€9,613 | |
| Profit (loss) for the period | 9904 | €4,565 | €28,443 | +€23,878 | +523% |
| Profit (loss) for the period to be appropriated | 9905 | €4,565 | €28,443 | +€23,878 | +523% |
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 18 October 2026 via checked.be.