GAME: 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.
GAME
Largest movements
- Current investments +€30,000
up €30,000 (+28.6%), from €105,000 to €135,000
- Cash -€25,805
down €25,805 (-24.8%), from €104,209 to €78,404
mainly Current investments (-€30,000) and Trade debts (-€7,722)
- Tangible fixed assets -€6,499
down €6,499 (-19.2%), from €33,847 to €27,348
of which Furniture and vehicles: -€5,116
- Receivables within one year +€3,480
up €3,480 (+15.5%), from €22,385 to €25,865
of which Trade receivables: +€3,967
- Stocks and contracts +€3,200
up €3,200 (+74.4%), from €4,300 to €7,500
- Reserves +€28,987
up €28,987 (+27.6%), from €105,098 to €134,085
of which Distributable reserves: +€28,987
- Trade debts -€7,722
down €7,722 (-20.5%), from €37,628 to €29,907
- Debts after one year -€6,131
no longer reported in 2025 (was €6,131)
- Other debts -€6,109
down €6,109 (-16.9%), from €36,074 to €29,964
- Current portion of long-term debt -€5,609
no longer reported in 2025 (was €5,609)
- Depreciation -€24,479
down €24,479 (-67.0%), from €36,532 to €12,052
- Taxes +€6,595
up €6,595 (+134.2%), from €4,913 to €11,507
- Gross operating margin -€1,548
down €1,548 (-2.8%), from €55,367 to €53,818
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 | €275,861 | €278,481 | +€2,620 | +0.9% |
| Fixed assets | 21/28 | €33,897 | €27,398 | -€6,499 | -19.2% |
| Tangible fixed assets | 22/27 | €33,847 | €27,348 | -€6,499 | -19.2% |
| Land and buildings | 22 | €15,734 | €11,768 | -€3,966 | -25.2% |
| Plant, machinery and equipment | 23 | €9,676 | €12,258 | +€2,583 | +26.7% |
| Furniture and vehicles | 24 | €8,437 | €3,322 | -€5,116 | -60.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €241,964 | €251,084 | +€9,119 | +3.8% |
| Stocks and contracts in progress | 3 | €4,300 | €7,500 | +€3,200 | +74.4% |
| Stocks | 30/36 | €4,300 | €7,500 | +€3,200 | +74.4% |
| Amounts receivable within one year | 40/41 | €22,385 | €25,865 | +€3,480 | +15.5% |
| Trade receivables | 40 | €15,300 | €19,267 | +€3,967 | +25.9% |
| Other amounts receivable | 41 | €7,084 | €6,598 | -€487 | -6.9% |
| Current investments | 50/53 | €105,000 | €135,000 | +€30,000 | +28.6% |
| Cash at bank and in hand | 54/58 | €104,209 | €78,404 | -€25,805 | -24.8% |
| Deferred charges and accrued income | 490/1 | €6,071 | €4,315 | -€1,756 | -28.9% |
| Total equity and liabilities | 10/49 | €275,861 | €278,481 | +€2,620 | +0.9% |
| Equity | 10/15 | €173,370 | €202,356 | +€28,987 | +16.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €105,098 | €134,085 | +€28,987 | +27.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,238 | €132,225 | +€28,987 | +28.1% |
| Profit (loss) carried forward | 14 | €49,680 | €49,680 | = | 0.0% |
| Amounts payable | 17/49 | €102,492 | €76,125 | -€26,367 | -25.7% |
| Amounts payable after more than one year | 17 | €6,131 | - | -€6,131 | |
| Financial debts | 170/4 | €6,131 | - | -€6,131 | |
| Amounts payable within one year | 42/48 | €96,361 | €76,125 | -€20,236 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €5,609 | - | -€5,609 | |
| Trade debts | 44 | €37,628 | €29,907 | -€7,722 | -20.5% |
| Suppliers | 440/4 | €37,628 | €29,907 | -€7,722 | -20.5% |
| Taxes, remuneration and social security | 45 | €17,050 | €16,254 | -€796 | -4.7% |
| Taxes | 450/3 | €12,907 | €16,254 | +€3,347 | +25.9% |
| Remuneration and social security | 454/9 | €4,143 | - | -€4,143 | |
| Other amounts payable | 47/48 | €36,074 | €29,964 | -€6,109 | -16.9% |
| Remuneration, social security and pensions | 62 | €99 | - | -€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,532 | €12,052 | -€24,479 | -67.0% |
| Other operating charges | 640/8 | €2,007 | €2,300 | +€293 | +14.6% |
| Gross operating margin | 9900 | €55,367 | €53,818 | -€1,548 | -2.8% |
| Operating profit (loss) | 9901 | €16,729 | €39,466 | +€22,737 | +135.9% |
| Financial income | 75/76B | €1,068 | €1,451 | +€382 | +35.8% |
| Recurring financial income | 75 | €1,068 | €1,451 | +€382 | +35.8% |
| Financial charges | 65/66B | €845 | €423 | -€423 | -50.0% |
| Recurring financial charges | 65 | €845 | €423 | -€423 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €16,952 | €40,494 | +€23,542 | +138.9% |
| Income taxes | 67/77 | €4,913 | €11,507 | +€6,595 | +134.2% |
| Profit (loss) for the period | 9904 | €12,039 | €28,987 | +€16,947 | +140.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,039 | €28,987 | +€16,947 | +140.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.