BIG GAME: 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.
BIG GAME
Largest movements
- Tangible fixed assets +€721,558
up €721,558 (+417.2%), from €172,968 to €894,526
of which Other tangible fixed assets: +€603,996
- Cash -€141,246
down €141,246 (-18.0%), from €782,970 to €641,724
mainly Investment in fixed assets (net) (-€777,840) and Other debts (-€276,250)
- Debts after one year +€540,643
new in 2025: €540,643
- Other debts -€276,250
no longer reported in 2025 (was €276,250)
- Accrued charges and deferred income +€214,029
up €214,029 (+276.3%), from €77,475 to €291,504
- Trade debts +€88,339
up €88,339 (+44.5%), from €198,384 to €286,723
- Profit (loss) carried forward +€70,093
up €70,093 (+19.4%), from €362,178 to €432,271
- Gross operating margin -€93,521
down €93,521 (-15.5%), from €603,094 to €509,573
- Taxes -€28,343
down €28,343 (-48.1%), from €58,965 to €30,622
- Staff costs +€25,165
up €25,165 (+7.5%), from €335,350 to €360,515
- Depreciation +€9,764
up €9,764 (+30.5%), from €31,978 to €41,742
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 | €1,033,173 | €1,623,722 | +€590,550 | +57.2% |
| Fixed assets | 21/28 | €202,011 | €938,109 | +€736,098 | +364.4% |
| Intangible fixed assets | 21 | €10,127 | €24,668 | +€14,541 | +143.6% |
| Tangible fixed assets | 22/27 | €172,968 | €894,526 | +€721,558 | +417.2% |
| Plant, machinery and equipment | 23 | €19,614 | €34,833 | +€15,219 | +77.6% |
| Furniture and vehicles | 24 | €4,362 | €2,957 | -€1,405 | -32.2% |
| Other tangible fixed assets | 26 | €138,693 | €742,689 | +€603,996 | +435.5% |
| Assets under construction and advance payments | 27 | €10,299 | €114,047 | +€103,748 | +1007.3% |
| Financial fixed assets | 28 | €18,915 | €18,915 | = | 0.0% |
| Current assets | 29/58 | €831,162 | €685,614 | -€145,549 | -17.5% |
| Stocks and contracts in progress | 3 | €2,918 | €1,950 | -€968 | -33.2% |
| Stocks | 30/36 | €2,918 | €1,950 | -€968 | -33.2% |
| Amounts receivable within one year | 40/41 | €34,794 | €30,217 | -€4,577 | -13.2% |
| Trade receivables | 40 | €11,527 | €9,575 | -€1,953 | -16.9% |
| Other amounts receivable | 41 | €23,267 | €20,642 | -€2,625 | -11.3% |
| Cash at bank and in hand | 54/58 | €782,970 | €641,724 | -€141,246 | -18.0% |
| Deferred charges and accrued income | 490/1 | €10,480 | €11,722 | +€1,242 | +11.9% |
| Total equity and liabilities | 10/49 | €1,033,173 | €1,623,722 | +€590,550 | +57.2% |
| Equity | 10/15 | €383,880 | €453,973 | +€70,093 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,102 | €3,102 | = | 0.0% |
| Tax-exempt reserves | 132 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €2,972 | €2,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €362,178 | €432,271 | +€70,093 | +19.4% |
| Amounts payable | 17/49 | €649,293 | €1,169,749 | +€520,457 | +80.2% |
| Amounts payable after more than one year | 17 | - | €540,643 | +€540,643 | |
| Financial debts | 170/4 | - | €540,643 | +€540,643 | |
| Amounts payable within one year | 42/48 | €571,818 | €337,603 | -€234,215 | -41.0% |
| Trade debts | 44 | €198,384 | €286,723 | +€88,339 | +44.5% |
| Suppliers | 440/4 | €198,384 | €286,723 | +€88,339 | +44.5% |
| Taxes, remuneration and social security | 45 | €97,183 | €50,880 | -€46,304 | -47.6% |
| Taxes | 450/3 | €62,392 | €10,115 | -€52,276 | -83.8% |
| Remuneration and social security | 454/9 | €34,792 | €40,764 | +€5,972 | +17.2% |
| Other amounts payable | 47/48 | €276,250 | - | -€276,250 | |
| Accrued charges and deferred income | 492/3 | €77,475 | €291,504 | +€214,029 | +276.3% |
| Remuneration, social security and pensions | 62 | €335,350 | €360,515 | +€25,165 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,978 | €41,742 | +€9,764 | +30.5% |
| Other operating charges | 640/8 | €10,991 | €9,470 | -€1,521 | -13.8% |
| Gross operating margin | 9900 | €603,094 | €509,573 | -€93,521 | -15.5% |
| Operating profit (loss) | 9901 | €224,775 | €97,845 | -€126,929 | -56.5% |
| Financial income | 75/76B | €7,219 | €12,216 | +€4,997 | +69.2% |
| Recurring financial income | 75 | €7,219 | €12,216 | +€4,997 | +69.2% |
| Financial charges | 65/66B | €6,795 | €9,347 | +€2,552 | +37.6% |
| Recurring financial charges | 65 | €6,795 | €9,347 | +€2,552 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €225,199 | €100,715 | -€124,484 | -55.3% |
| Income taxes | 67/77 | €58,965 | €30,622 | -€28,343 | -48.1% |
| Profit (loss) for the period | 9904 | €166,234 | €70,093 | -€96,141 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €166,234 | €70,093 | -€96,141 | -57.8% |
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 12 October 2026 via checked.be.