QOZMO: 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.
QOZMO
Largest movements
- Current investments +€500,000
up €500,000, from €0 to €500,000
- Cash -€364,304
down €364,304 (-48.7%), from €748,100 to €383,797
mainly Current investments (-€500,000) and Investment in fixed assets (net) (-€122,662)
- Tangible fixed assets +€102,580
up €102,580 (+111%), from €92,798 to €195,378
of which Other tangible fixed assets: +€93,378
- Reserves +€228,728
up €228,728 (+23.4%), from €975,948 to €1.2m
- Trade debts -€27,263
down €27,263 (-67.3%), from €40,510 to €13,246
- Tax, wage and social debts +€23,404
up €23,404 (+67.9%), from €34,471 to €57,874
of which Taxes: +€19,569
- Gross operating margin -€106,757
down €106,757 (-23.4%), from €456,910 to €350,153
- Staff costs +€31,889
new in 2025: €31,889
- Taxes -€31,840
down €31,840 (-30.2%), from €105,419 to €73,579
- Other operating charges -€10,528
down €10,528 (-86.9%), from €12,110 to €1,581
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 | €1,064,496 | €1,301,683 | +€237,187 | +22.3% |
| Fixed assets | 21/28 | €100,988 | €203,568 | +€102,580 | +102% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €92,798 | €195,378 | +€102,580 | +111% |
| Land and buildings | 22 | €49,882 | €48,882 | -€1,000 | -2.0% |
| Plant, machinery and equipment | 23 | €127 | €37 | -€90 | -70.7% |
| Furniture and vehicles | 24 | €27,525 | €37,817 | +€10,292 | +37.4% |
| Other tangible fixed assets | 26 | €15,263 | €108,641 | +€93,378 | +612% |
| Financial fixed assets | 28 | €8,190 | €8,190 | = | 0.0% |
| Current assets | 29/58 | €963,508 | €1,098,116 | +€134,608 | +14.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €214,423 | €211,363 | -€3,060 | -1.4% |
| Trade receivables | 40 | €204,999 | €208,520 | +€3,521 | +1.7% |
| Other amounts receivable | 41 | €9,425 | €2,844 | -€6,581 | -69.8% |
| Current investments | 50/53 | €0 | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €748,100 | €383,797 | -€364,304 | -48.7% |
| Deferred charges and accrued income | 490/1 | €985 | €2,955 | +€1,971 | +200% |
| Total equity and liabilities | 10/49 | €1,064,496 | €1,301,683 | +€237,187 | +22.3% |
| Equity | 10/15 | €976,048 | €1,204,776 | +€228,728 | +23.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €975,948 | €1,204,676 | +€228,728 | +23.4% |
| Distributable reserves | 133 | €975,948 | €1,204,676 | +€228,728 | +23.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €88,448 | €96,907 | +€8,459 | +9.6% |
| Amounts payable within one year | 42/48 | €88,448 | €96,907 | +€8,459 | +9.6% |
| Trade debts | 44 | €40,510 | €13,246 | -€27,263 | -67.3% |
| Suppliers | 440/4 | €40,510 | €13,246 | -€27,263 | -67.3% |
| Taxes, remuneration and social security | 45 | €34,471 | €57,874 | +€23,404 | +67.9% |
| Taxes | 450/3 | €34,471 | €54,040 | +€19,569 | +56.8% |
| Remuneration and social security | 454/9 | - | €3,834 | +€3,834 | |
| Other amounts payable | 47/48 | €13,468 | €25,787 | +€12,318 | +91.5% |
| Remuneration, social security and pensions | 62 | - | €31,889 | +€31,889 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,963 | €20,082 | -€881 | -4.2% |
| Other operating charges | 640/8 | €12,110 | €1,581 | -€10,528 | -86.9% |
| Gross operating margin | 9900 | €456,910 | €350,153 | -€106,757 | -23.4% |
| Operating profit (loss) | 9901 | €423,838 | €296,601 | -€127,237 | -30.0% |
| Financial income | 75/76B | €9,616 | €6,111 | -€3,505 | -36.5% |
| Recurring financial income | 75 | €9,616 | €6,111 | -€3,505 | -36.5% |
| Financial charges | 65/66B | €4,841 | €404 | -€4,437 | -91.7% |
| Recurring financial charges | 65 | €4,841 | €404 | -€4,437 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | €428,612 | €302,307 | -€126,305 | -29.5% |
| Income taxes | 67/77 | €105,419 | €73,579 | -€31,840 | -30.2% |
| Profit (loss) for the period | 9904 | €323,193 | €228,728 | -€94,465 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €323,193 | €228,728 | -€94,465 | -29.2% |
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.