PROXYFOOD: 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
PROXYFOOD
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€542,139
2024 · €478,092+€64,047
Equity
€545,526
2024 · €803,387-€257,861
Cash
€1.2m
2024 · €1.5m-€257,591
Balance sheet total
€2.2m
2024 · €2.5m-€294,206
Largest movements
Assets
- Cash -€257,591
down €257,591 (-17.2%), from €1.5m to €1.2m
mainly Contributions, distributions and other (-€800,000) and Debts after one year (-€146,031)
Equity and liabilities
- Profit (loss) carried forward -€257,861
down €257,861 (-37.2%), from €693,387 to €435,526
- Debts after one year -€146,031
down €146,031 (-88.8%), from €164,531 to €18,500
- Other debts +€58,906
up €58,906 (+13.3%), from €441,950 to €500,856
- Tax, wage and social debts +€49,493
up €49,493 (+33.0%), from €149,753 to €199,246
of which Taxes: +€39,770
- Trade debts +€37,585
up €37,585 (+5.1%), from €744,127 to €781,712
Income statement
- Turnover +€565,138
up €565,138 (+5.1%), from €11.0m to €11.6m
- Purchases and services +€516,788
up €516,788 (+5.1%), from €10.2m to €10.7m
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
€478,092
Gross operating margin
+€112,791
Staff costs
-€57,475
Depreciation
+€23,953
Other operating charges
+€9,689
Financial income
-€4,091
Financial charges
+€1,130
Taxes
-€21,949
Result 2025
€542,139
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
+€816,143
Investment
-€98,837
Financing
-€974,897
Cash 2024
€1.5m
From operations (derived)
+€816,143
Net result for the year
+€542,139
Depreciation
+€108,300
Stocks and contracts
+€25,013
Receivables within one year
+€2,271
Smaller working-capital items
-€197
Trade debts
+€37,585
Tax, wage and social debts
+€49,493
Advances received
-€7,365
Other debts
+€58,906
Investment (derived)
-€98,837
Investment in fixed assets (net)
-€98,837
Financing
-€974,897
Debts after one year
-€146,031
Current portion of long-term debt
-€28,866
Contributions, distributions and other
-€800,000
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,520,080 | €2,225,874 | -€294,206 | -11.7% |
| Fixed assets | 21/28 | €418,246 | €408,783 | -€9,463 | -2.3% |
| Tangible fixed assets | 22/27 | €418,246 | €408,783 | -€9,463 | -2.3% |
| Plant, machinery and equipment | 23 | €391,614 | €391,004 | -€610 | -0.2% |
| Furniture and vehicles | 24 | €26,632 | €17,779 | -€8,853 | -33.2% |
| Current assets | 29/58 | €2,101,834 | €1,817,091 | -€284,743 | -13.5% |
| Stocks and contracts in progress | 3 | €446,316 | €421,303 | -€25,013 | -5.6% |
| Stocks | 30/36 | €446,316 | €421,303 | -€25,013 | -5.6% |
| Amounts receivable within one year | 40/41 | €125,304 | €123,033 | -€2,271 | -1.8% |
| Trade receivables | 40 | €118,454 | €121,979 | +€3,525 | +3.0% |
| Other amounts receivable | 41 | €6,850 | €1,054 | -€5,796 | -84.6% |
| Cash at bank and in hand | 54/58 | €1,498,562 | €1,240,971 | -€257,591 | -17.2% |
| Deferred charges and accrued income | 490/1 | €31,653 | €31,784 | +€131 | +0.4% |
| Total equity and liabilities | 10/49 | €2,520,080 | €2,225,874 | -€294,206 | -11.7% |
| Equity | 10/15 | €803,387 | €545,526 | -€257,861 | -32.1% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €693,387 | €435,526 | -€257,861 | -37.2% |
| Amounts payable | 17/49 | €1,716,694 | €1,680,348 | -€36,346 | -2.1% |
| Amounts payable after more than one year | 17 | €164,531 | €18,500 | -€146,031 | -88.8% |
| Financial debts | 170/4 | €164,531 | €18,500 | -€146,031 | -88.8% |
| Amounts payable within one year | 42/48 | €1,552,096 | €1,661,848 | +€109,752 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €139,011 | €110,145 | -€28,866 | -20.8% |
| Trade debts | 44 | €744,127 | €781,712 | +€37,585 | +5.1% |
| Suppliers | 440/4 | €744,127 | €781,712 | +€37,585 | +5.1% |
| Advances received on contracts in progress | 46 | €77,254 | €69,889 | -€7,365 | -9.5% |
| Taxes, remuneration and social security | 45 | €149,753 | €199,246 | +€49,493 | +33.0% |
| Taxes | 450/3 | €63,212 | €102,982 | +€39,770 | +62.9% |
| Remuneration and social security | 454/9 | €86,541 | €96,264 | +€9,723 | +11.2% |
| Other amounts payable | 47/48 | €441,950 | €500,856 | +€58,906 | +13.3% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Turnover | 70 | €11,009,640 | €11,574,778 | +€565,138 | +5.1% |
| Non-recurring operating income | 76A | - | €3,038 | +€3,038 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,198,611 | €10,715,399 | +€516,788 | +5.1% |
| Remuneration, social security and pensions | 62 | €451,279 | €508,754 | +€57,475 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,253 | €108,300 | -€23,953 | -18.1% |
| Other operating charges | 640/8 | €36,505 | €26,816 | -€9,689 | -26.5% |
| Gross operating margin | 9900 | €1,264,761 | €1,377,552 | +€112,791 | +8.9% |
| Operating profit (loss) | 9901 | €644,725 | €733,682 | +€88,957 | +13.8% |
| Financial income | 75/76B | €12,067 | €7,976 | -€4,091 | -33.9% |
| Recurring financial income | 75 | €12,067 | €7,976 | -€4,091 | -33.9% |
| Financial charges | 65/66B | €20,465 | €19,335 | -€1,130 | -5.5% |
| Recurring financial charges | 65 | €20,465 | €19,335 | -€1,130 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €636,327 | €722,323 | +€85,996 | +13.5% |
| Income taxes | 67/77 | €158,235 | €180,184 | +€21,949 | +13.9% |
| Profit (loss) for the period | 9904 | €478,092 | €542,139 | +€64,047 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €478,092 | €542,139 | +€64,047 | +13.4% |
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 4 October 2026 via checked.be.