GAMELINK: 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.
GAMELINK
Largest movements
- Cash +€197,248
up €197,248 (+278%), from €70,925 to €268,174
mainly Net result for the year (+€364,913) and Tax, wage and social debts (+€38,637)
- Stocks and contracts +€80,285
up €80,285 (+10.4%), from €772,293 to €852,578
- Tangible fixed assets -€27,248
down €27,248 (-51.9%), from €52,543 to €25,295
of which Plant, machinery and equipment: -€21,154
- Receivables within one year +€24,551
up €24,551 (+53.6%), from €45,806 to €70,358
of which Trade receivables: +€18,694
- Reserves +€364,913
up €364,913 (+61.8%), from €590,211 to €955,124
of which Distributable reserves: +€364,913
- Trade debts -€53,914
down €53,914 (-57.7%), from €93,404 to €39,490
- Tax, wage and social debts +€38,637
up €38,637 (+35.4%), from €109,237 to €147,874
of which Taxes: +€29,405
- Debts after one year -€33,752
down €33,752 (-51.9%), from €64,990 to €31,238
- Other debts -€24,471
down €24,471 (-87.6%), from €27,940 to €3,469
- Gross operating margin +€459,492
up €459,492 (+73.6%), from €624,187 to €1.1m
- Financial charges +€113,822
up €113,822 (+416%), from €27,356 to €141,178
of which Financial charges: +€113,539
- Taxes +€76,174
up €76,174 (+161%), from €47,307 to €123,481
- Staff costs +€34,362
up €34,362 (+8.6%), from €399,895 to €434,257
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 | €970,539 | €1,248,170 | +€277,631 | +28.6% |
| Fixed assets | 21/28 | €65,201 | €38,304 | -€26,896 | -41.3% |
| Tangible fixed assets | 22/27 | €52,543 | €25,295 | -€27,248 | -51.9% |
| Plant, machinery and equipment | 23 | €39,912 | €18,758 | -€21,154 | -53.0% |
| Furniture and vehicles | 24 | €3,593 | €919 | -€2,675 | -74.4% |
| Other tangible fixed assets | 26 | €9,038 | €5,618 | -€3,420 | -37.8% |
| Financial fixed assets | 28 | €12,658 | €13,010 | +€352 | +2.8% |
| Current assets | 29/58 | €905,339 | €1,209,866 | +€304,528 | +33.6% |
| Stocks and contracts in progress | 3 | €772,293 | €852,578 | +€80,285 | +10.4% |
| Stocks | 30/36 | €772,293 | €852,578 | +€80,285 | +10.4% |
| Amounts receivable within one year | 40/41 | €45,806 | €70,358 | +€24,551 | +53.6% |
| Trade receivables | 40 | €7,106 | €25,800 | +€18,694 | +263% |
| Other amounts receivable | 41 | €38,700 | €44,557 | +€5,857 | +15.1% |
| Cash at bank and in hand | 54/58 | €70,925 | €268,174 | +€197,248 | +278% |
| Deferred charges and accrued income | 490/1 | €16,314 | €18,757 | +€2,443 | +15.0% |
| Total equity and liabilities | 10/49 | €970,539 | €1,248,170 | +€277,631 | +28.6% |
| Equity | 10/15 | €627,411 | €992,324 | +€364,913 | +58.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Contributions outside capital | 11 | €37,200 | - | -€37,200 | |
| Other | 1109/19 | €37,200 | - | -€37,200 | |
| Reserves | 13 | €590,211 | €955,124 | +€364,913 | +61.8% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,846 | €14,846 | = | 0.0% |
| Distributable reserves | 133 | €571,645 | €936,558 | +€364,913 | +63.8% |
| Amounts payable | 17/49 | €343,128 | €255,847 | -€87,282 | -25.4% |
| Amounts payable after more than one year | 17 | €64,990 | €31,238 | -€33,752 | -51.9% |
| Financial debts | 170/4 | €64,990 | €31,238 | -€33,752 | -51.9% |
| Amounts payable within one year | 42/48 | €278,138 | €224,585 | -€53,553 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €45,970 | €33,752 | -€12,217 | -26.6% |
| Trade debts | 44 | €93,404 | €39,490 | -€53,914 | -57.7% |
| Suppliers | 440/4 | €93,404 | €39,490 | -€53,914 | -57.7% |
| Advances received on contracts in progress | 46 | €1,588 | - | -€1,588 | |
| Taxes, remuneration and social security | 45 | €109,237 | €147,874 | +€38,637 | +35.4% |
| Taxes | 450/3 | €46,242 | €75,647 | +€29,405 | +63.6% |
| Remuneration and social security | 454/9 | €62,995 | €72,228 | +€9,233 | +14.7% |
| Other amounts payable | 47/48 | €27,940 | €3,469 | -€24,471 | -87.6% |
| Accrued charges and deferred income | 492/3 | - | €23 | +€23 | |
| Remuneration, social security and pensions | 62 | €399,895 | €434,257 | +€34,362 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,613 | €35,214 | +€4,601 | +15.0% |
| Other operating charges | 640/8 | €3,717 | €2,500 | -€1,218 | -32.8% |
| Gross operating margin | 9900 | €624,187 | €1,083,679 | +€459,492 | +73.6% |
| Operating profit (loss) | 9901 | €189,961 | €611,708 | +€421,748 | +222% |
| Financial income | 75/76B | €14,694 | €17,863 | +€3,169 | +21.6% |
| Recurring financial income | 75 | €14,694 | €17,863 | +€3,169 | +21.6% |
| Financial charges | 65/66B | €27,356 | €141,178 | +€113,822 | +416% |
| Recurring financial charges | 65 | €26,793 | €140,332 | +€113,539 | +424% |
| Non-recurring financial charges | 66B | €563 | €846 | +€283 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €177,299 | €488,393 | +€311,095 | +175% |
| Income taxes | 67/77 | €47,307 | €123,481 | +€76,174 | +161% |
| Profit (loss) for the period | 9904 | €129,991 | €364,913 | +€234,921 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €129,991 | €364,913 | +€234,921 | +181% |
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 13 October 2026 via checked.be.