C-GAMES: 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.
C-GAMES
Largest movements
- Receivables within one year -€145,657
down €145,657 (-55.3%), from €263,450 to €117,792
of which Other amounts receivable: -€169,965
- Intangible fixed assets -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash -€55,011
down €55,011 (-43.7%), from €125,955 to €70,944
- Tangible fixed assets +€41,875
up €41,875 (+40.1%), from €104,474 to €146,349
of which Plant, machinery and equipment: +€42,307
- Profit (loss) carried forward -€258,169
down €258,169, from €28,610 to -€229,559
- Trade debts +€124,539
up €124,539 (+3444.4%), from €3,616 to €128,154
- Revaluation surpluses -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Current portion of long-term debt -€35,200
down €35,200 (-100.0%), from €35,200 to €0
- Tax, wage and social debts +€30,067
up €30,067 (+72.3%), from €41,582 to €71,649
of which Taxes: +€34,424
- Other operating charges +€301,377
up €301,377 (+114.2%), from €263,924 to €565,301
- Gross operating margin +€159,172
up €159,172 (+28.2%), from €564,932 to €724,104
- Staff costs +€136,841
up €136,841 (+84.4%), from €162,103 to €298,944
- Taxes +€25,221
up €25,221 (+570.0%), from €4,425 to €29,646
- Depreciation -€18,962
down €18,962 (-20.8%), from €90,954 to €71,992
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,529 | €340,939 | -€258,590 | -43.1% |
| Fixed assets | 21/28 | €209,007 | €150,881 | -€58,125 | -27.8% |
| Intangible fixed assets | 21 | €100,000 | €0 | -€100,000 | -100.0% |
| Tangible fixed assets | 22/27 | €104,474 | €146,349 | +€41,875 | +40.1% |
| Land and buildings | 22 | €4,204 | €0 | -€4,204 | -100.0% |
| Plant, machinery and equipment | 23 | €10,326 | €52,632 | +€42,307 | +409.7% |
| Furniture and vehicles | 24 | €3,590 | €2,369 | -€1,222 | -34.0% |
| Other tangible fixed assets | 26 | €86,354 | €91,348 | +€4,994 | +5.8% |
| Financial fixed assets | 28 | €4,532 | €4,532 | = | 0.0% |
| Current assets | 29/58 | €390,523 | €190,058 | -€200,464 | -51.3% |
| Amounts receivable within one year | 40/41 | €263,450 | €117,792 | -€145,657 | -55.3% |
| Trade receivables | 40 | €47,734 | €72,042 | +€24,308 | +50.9% |
| Other amounts receivable | 41 | €215,715 | €45,750 | -€169,965 | -78.8% |
| Cash at bank and in hand | 54/58 | €125,955 | €70,944 | -€55,011 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,118 | €1,322 | +€204 | +18.2% |
| Total equity and liabilities | 10/49 | €599,529 | €340,939 | -€258,590 | -43.1% |
| Equity | 10/15 | €496,804 | €138,636 | -€358,169 | -72.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €0 | -€100,000 | -100.0% |
| Reserves | 13 | €306,194 | €306,194 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,677 | €17,677 | = | 0.0% |
| Legal reserve | 130 | €17,677 | €17,677 | = | 0.0% |
| Distributable reserves | 133 | €288,518 | €288,518 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,610 | -€229,559 | -€258,169 | |
| Amounts payable | 17/49 | €102,725 | €202,304 | +€99,579 | +96.9% |
| Amounts payable after more than one year | 17 | €17,600 | €0 | -€17,600 | -100.0% |
| Financial debts | 170/4 | €17,600 | €0 | -€17,600 | -100.0% |
| Amounts payable within one year | 42/48 | €81,649 | €202,304 | +€120,654 | +147.8% |
| Current portion of amounts payable after more than one year | 42 | €35,200 | €0 | -€35,200 | -100.0% |
| Trade debts | 44 | €3,616 | €128,154 | +€124,539 | +3444.4% |
| Suppliers | 440/4 | €3,616 | €128,154 | +€124,539 | +3444.4% |
| Taxes, remuneration and social security | 45 | €41,582 | €71,649 | +€30,067 | +72.3% |
| Taxes | 450/3 | €16,710 | €51,135 | +€34,424 | +206.0% |
| Remuneration and social security | 454/9 | €24,872 | €20,514 | -€4,357 | -17.5% |
| Other amounts payable | 47/48 | €1,251 | €2,500 | +€1,249 | +99.8% |
| Accrued charges and deferred income | 492/3 | €3,476 | €0 | -€3,476 | -100.0% |
| Remuneration, social security and pensions | 62 | €162,103 | €298,944 | +€136,841 | +84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,954 | €71,992 | -€18,962 | -20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,308 | +€13,308 | |
| Other operating charges | 640/8 | €263,924 | €565,301 | +€301,377 | +114.2% |
| Gross operating margin | 9900 | €564,932 | €724,104 | +€159,172 | +28.2% |
| Operating profit (loss) | 9901 | €47,952 | -€225,440 | -€273,392 | |
| Financial income | 75/76B | €158 | €408 | +€250 | +157.9% |
| Recurring financial income | 75 | €158 | €408 | +€250 | +157.9% |
| Financial charges | 65/66B | €1,894 | €3,491 | +€1,597 | +84.3% |
| Recurring financial charges | 65 | €1,894 | €3,491 | +€1,597 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €46,216 | -€228,522 | -€274,739 | |
| Income taxes | 67/77 | €4,425 | €29,646 | +€25,221 | +570.0% |
| Profit (loss) for the period | 9904 | €41,791 | -€258,169 | -€299,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,791 | -€258,169 | -€299,960 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.