GMOZ: 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.
GMOZ
Largest movements
- Receivables within one year +€105,840
up €105,840 (+299%), from €35,432 to €141,272
of which Trade receivables: +€98,045
- Tangible fixed assets -€32,969
down €32,969 (-47.1%), from €69,926 to €36,958
of which Land and buildings: -€21,158
- Stocks and contracts +€18,170
up €18,170 (+64.3%), from €28,280 to €46,450
of which Contracts in progress: +€18,500
- Intangible fixed assets -€12,750
no longer reported in 2025 (was €12,750)
- Cash +€11,593
up €11,593 (+73.7%), from €15,739 to €27,332
mainly Net result for the year (+€130,409) and Investment in fixed assets (net) (+€28,477)
- Contributions +€75,000
up €75,000 (+300%), from €25,000 to €100,000
- Profit (loss) carried forward +€55,409
up €55,409 (+119%), from €46,618 to €102,027
- Tax, wage and social debts -€48,749
no longer reported in 2025 (was €48,749)
of which Taxes: -€29,825
- Other debts +€11,958
up €11,958 (+91.2%), from €13,107 to €25,065
- Trade debts -€3,171
down €3,171 (-10.3%), from €30,776 to €27,605
- Staff costs -€86,299
down €86,299 (-63.5%), from €135,846 to €49,547
- Taxes +€12,234
up €12,234 (+81.6%), from €15,000 to €27,234
- Depreciation +€5,414
up €5,414 (+45.8%), from €11,828 to €17,242
- Financial charges -€2,580
down €2,580 (-68.4%), from €3,773 to €1,193
- Gross operating margin -€2,385
down €2,385 (-1.0%), from €227,997 to €225,612
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 | €164,249 | €254,697 | +€90,447 | +55.1% |
| Fixed assets | 21/28 | €82,676 | €36,958 | -€45,719 | -55.3% |
| Intangible fixed assets | 21 | €12,750 | - | -€12,750 | |
| Tangible fixed assets | 22/27 | €69,926 | €36,958 | -€32,969 | -47.1% |
| Land and buildings | 22 | €21,158 | - | -€21,158 | |
| Plant, machinery and equipment | 23 | €15,297 | €16,707 | +€1,410 | +9.2% |
| Furniture and vehicles | 24 | €33,471 | €20,250 | -€13,220 | -39.5% |
| Current assets | 29/58 | €81,573 | €217,739 | +€136,166 | +167% |
| Stocks and contracts in progress | 3 | €28,280 | €46,450 | +€18,170 | +64.3% |
| Stocks | 30/36 | €13,280 | €12,950 | -€330 | -2.5% |
| Contracts in progress | 37 | €15,000 | €33,500 | +€18,500 | +123% |
| Amounts receivable within one year | 40/41 | €35,432 | €141,272 | +€105,840 | +299% |
| Trade receivables | 40 | €35,155 | €133,200 | +€98,045 | +279% |
| Other amounts receivable | 41 | €277 | €8,072 | +€7,794 | +2,813% |
| Cash at bank and in hand | 54/58 | €15,739 | €27,332 | +€11,593 | +73.7% |
| Deferred charges and accrued income | 490/1 | €2,122 | €2,685 | +€563 | +26.5% |
| Total equity and liabilities | 10/49 | €164,249 | €254,697 | +€90,447 | +55.1% |
| Equity | 10/15 | €71,618 | €202,027 | +€130,409 | +182% |
| Contributions | 10/11 | €25,000 | €100,000 | +€75,000 | +300% |
| Profit (loss) carried forward | 14 | €46,618 | €102,027 | +€55,409 | +119% |
| Amounts payable | 17/49 | €92,632 | €52,670 | -€39,962 | -43.1% |
| Amounts payable within one year | 42/48 | €92,632 | €52,670 | -€39,962 | -43.1% |
| Trade debts | 44 | €30,776 | €27,605 | -€3,171 | -10.3% |
| Suppliers | 440/4 | €30,776 | €27,605 | -€3,171 | -10.3% |
| Taxes, remuneration and social security | 45 | €48,749 | - | -€48,749 | |
| Taxes | 450/3 | €29,825 | - | -€29,825 | |
| Remuneration and social security | 454/9 | €18,924 | - | -€18,924 | |
| Other amounts payable | 47/48 | €13,107 | €25,065 | +€11,958 | +91.2% |
| Remuneration, social security and pensions | 62 | €135,846 | €49,547 | -€86,299 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,828 | €17,242 | +€5,414 | +45.8% |
| Gross operating margin | 9900 | €227,997 | €225,612 | -€2,385 | -1.0% |
| Operating profit (loss) | 9901 | €80,324 | €158,823 | +€78,499 | +97.7% |
| Financial income | 75/76B | €67 | €13 | -€54 | -80.4% |
| Recurring financial income | 75 | €67 | €13 | -€54 | -80.4% |
| Financial charges | 65/66B | €3,773 | €1,193 | -€2,580 | -68.4% |
| Recurring financial charges | 65 | €3,773 | €1,193 | -€2,580 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €76,618 | €157,644 | +€81,026 | +106% |
| Income taxes | 67/77 | €15,000 | €27,234 | +€12,234 | +81.6% |
| Profit (loss) for the period | 9904 | €61,618 | €130,409 | +€68,792 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €61,618 | €130,409 | +€68,792 | +112% |
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 16 October 2026 via checked.be.