Belgian Games: 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.
Belgian Games
Largest movements
- Cash -€11,001
down €11,001 (-10.5%), from €104,820 to €93,819
mainly Investment in fixed assets (net) (-€11,059) and Trade debts (-€8,606)
- Tangible fixed assets +€9,587
up €9,587 (+469.2%), from €2,043 to €11,630
of which Plant, machinery and equipment: +€9,587
- Receivables within one year -€5,756
down €5,756 (-2.1%), from €273,356 to €267,600
of which Other amounts receivable: -€5,544
- Trade debts -€8,606
down €8,606 (-58.4%), from €14,728 to €6,122
- Profit (loss) carried forward +€4,703
up €4,703 (+5.6%), from €84,225 to €88,928
- Other debts -€4,522
down €4,522 (-9.6%), from €47,065 to €42,542
- Gross operating margin -€20,687
down €20,687 (-51.7%), from €40,042 to €19,355
- Taxes -€5,630
down €5,630 (-72.6%), from €7,761 to €2,130
- Depreciation -€1,254
down €1,254 (-46.0%), from €2,726 to €1,472
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,686 | €385,549 | -€8,137 | -2.1% |
| Fixed assets | 21/28 | €14,543 | €24,130 | +€9,587 | +65.9% |
| Tangible fixed assets | 22/27 | €2,043 | €11,630 | +€9,587 | +469.2% |
| Plant, machinery and equipment | 23 | €2,043 | €11,630 | +€9,587 | +469.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €379,143 | €361,419 | -€17,723 | -4.7% |
| Amounts receivable within one year | 40/41 | €273,356 | €267,600 | -€5,756 | -2.1% |
| Trade receivables | 40 | €30,896 | €30,684 | -€212 | -0.7% |
| Other amounts receivable | 41 | €242,460 | €236,916 | -€5,544 | -2.3% |
| Cash at bank and in hand | 54/58 | €104,820 | €93,819 | -€11,001 | -10.5% |
| Deferred charges and accrued income | 490/1 | €966 | €0 | -€966 | -100.0% |
| Total equity and liabilities | 10/49 | €393,686 | €385,549 | -€8,137 | -2.1% |
| Equity | 10/15 | €315,136 | €319,839 | +€4,703 | +1.5% |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €186,291 | €186,291 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,462 | €4,462 | = | 0.0% |
| Distributable reserves | 133 | €181,829 | €181,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,225 | €88,928 | +€4,703 | +5.6% |
| Amounts payable | 17/49 | €78,550 | €65,710 | -€12,840 | -16.3% |
| Amounts payable within one year | 42/48 | €78,550 | €65,710 | -€12,840 | -16.3% |
| Trade debts | 44 | €14,728 | €6,122 | -€8,606 | -58.4% |
| Suppliers | 440/4 | €14,728 | €6,122 | -€8,606 | -58.4% |
| Taxes, remuneration and social security | 45 | €16,757 | €17,045 | +€288 | +1.7% |
| Taxes | 450/3 | €16,757 | €17,045 | +€288 | +1.7% |
| Other amounts payable | 47/48 | €47,065 | €42,542 | -€4,522 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,726 | €1,472 | -€1,254 | -46.0% |
| Other operating charges | 640/8 | €11,106 | €10,865 | -€241 | -2.2% |
| Gross operating margin | 9900 | €40,042 | €19,355 | -€20,687 | -51.7% |
| Operating profit (loss) | 9901 | €26,209 | €7,018 | -€19,191 | -73.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €108 | €185 | +€77 | +71.6% |
| Recurring financial charges | 65 | €108 | €185 | +€77 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €26,102 | €6,833 | -€19,268 | -73.8% |
| Income taxes | 67/77 | €7,761 | €2,130 | -€5,630 | -72.6% |
| Profit (loss) for the period | 9904 | €18,341 | €4,703 | -€13,638 | -74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,341 | €4,703 | -€13,638 | -74.4% |
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 10 October 2026 via checked.be.