Games United: 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.
Games United
Largest movements
- Tangible fixed assets -€23,125
down €23,125 (-16.9%), from €137,093 to €113,967
of which Land and buildings: -€19,845
- Cash -€14,586
down €14,586 (-28.7%), from €50,899 to €36,313
mainly Debts after one year (-€29,139) and Tax, wage and social debts (-€9,480)
- Financial fixed assets -€9,256
down €9,256 (-6.6%), from €141,000 to €131,744
- Receivables within one year -€6,598
down €6,598 (-99.9%), from €6,603 to €5
of which Other amounts receivable: -€5,024
- Debts after one year -€29,139
no longer reported in 2025 (was €29,139)
- Tax, wage and social debts -€9,480
down €9,480 (-48.4%), from €19,568 to €10,088
- Current portion of long-term debt -€9,352
down €9,352 (-25.2%), from €37,087 to €27,735
- Other debts -€6,638
down €6,638 (-31.9%), from €20,790 to €14,152
- Trade debts +€5,387
up €5,387 (+65.5%), from €8,221 to €13,608
- Gross operating margin +€18,965
up €18,965 (+1,503%), from €1,262 to €20,227
- Financial charges -€3,620
down €3,620 (-77.1%), from €4,694 to €1,074
- Other operating charges -€2,520
down €2,520 (-89.2%), from €2,825 to €306
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 | €336,289 | €282,635 | -€53,655 | -16.0% |
| Fixed assets | 21/28 | €278,093 | €245,711 | -€32,382 | -11.6% |
| Tangible fixed assets | 22/27 | €137,093 | €113,967 | -€23,125 | -16.9% |
| Land and buildings | 22 | €132,002 | €112,156 | -€19,845 | -15.0% |
| Plant, machinery and equipment | 23 | €1,435 | €895 | -€540 | -37.6% |
| Furniture and vehicles | 24 | €3,656 | €916 | -€2,740 | -74.9% |
| Financial fixed assets | 28 | €141,000 | €131,744 | -€9,256 | -6.6% |
| Current assets | 29/58 | €58,197 | €36,924 | -€21,273 | -36.6% |
| Amounts receivable within one year | 40/41 | €6,603 | €5 | -€6,598 | -99.9% |
| Trade receivables | 40 | €1,574 | - | -€1,574 | |
| Other amounts receivable | 41 | €5,029 | €5 | -€5,024 | -99.9% |
| Cash at bank and in hand | 54/58 | €50,899 | €36,313 | -€14,586 | -28.7% |
| Deferred charges and accrued income | 490/1 | €696 | €606 | -€89 | -12.9% |
| Total equity and liabilities | 10/49 | €336,289 | €282,635 | -€53,655 | -16.0% |
| Equity | 10/15 | €221,329 | €217,052 | -€4,277 | -1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €201,329 | €197,052 | -€4,277 | -2.1% |
| Distributable reserves | 133 | €201,329 | €197,052 | -€4,277 | -2.1% |
| Amounts payable | 17/49 | €114,960 | €65,583 | -€49,377 | -43.0% |
| Amounts payable after more than one year | 17 | €29,139 | - | -€29,139 | |
| Financial debts | 170/4 | €29,139 | - | -€29,139 | |
| Amounts payable within one year | 42/48 | €85,666 | €65,583 | -€20,083 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €37,087 | €27,735 | -€9,352 | -25.2% |
| Trade debts | 44 | €8,221 | €13,608 | +€5,387 | +65.5% |
| Suppliers | 440/4 | €8,221 | €13,608 | +€5,387 | +65.5% |
| Taxes, remuneration and social security | 45 | €19,568 | €10,088 | -€9,480 | -48.4% |
| Taxes | 450/3 | €19,568 | €10,088 | -€9,480 | -48.4% |
| Other amounts payable | 47/48 | €20,790 | €14,152 | -€6,638 | -31.9% |
| Accrued charges and deferred income | 492/3 | €156 | - | -€156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,125 | €23,125 | = | 0.0% |
| Other operating charges | 640/8 | €2,825 | €306 | -€2,520 | -89.2% |
| Gross operating margin | 9900 | €1,262 | €20,227 | +€18,965 | +1,503% |
| Operating profit (loss) | 9901 | -€24,689 | -€3,204 | +€21,485 | +87.0% |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €4,694 | €1,074 | -€3,620 | -77.1% |
| Recurring financial charges | 65 | €4,694 | €1,074 | -€3,620 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,371 | -€4,277 | +€25,093 | +85.4% |
| Profit (loss) for the period | 9904 | -€29,371 | -€4,277 | +€25,093 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,371 | -€4,277 | +€25,093 | +85.4% |
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 19 October 2026 via checked.be.