GAMEVEST: 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.
GAMEVEST
Largest movements
- Deferred charges and accrued income +€521,245
up €521,245 (+493%), from €105,805 to €627,051
- Receivables within one year -€393,866
down €393,866 (-49.1%), from €802,154 to €408,288
of which Trade receivables: -€215,043
- Cash -€196,989
down €196,989 (-70.6%), from €279,101 to €82,112
mainly Deferred charges and accrued income (-€521,245) and Investment in fixed assets (net) (-€464,499)
- Tangible fixed assets -€145,195
down €145,195 (-2.1%), from €6.9m to €6.7m
of which Land and buildings: -€130,481
- Debts after one year -€171,633
down €171,633 (-2.5%), from €6.8m to €6.6m
- Other debts -€150,000
down €150,000 (-96.8%), from €154,960 to €4,960
- Gross operating margin +€284,531
up €284,531 (+27.3%), from €1.0m to €1.3m
- Other operating charges +€137,426
up €137,426 (+93.3%), from €147,372 to €284,798
- Depreciation +€93,628
up €93,628 (+18.1%), from €516,065 to €609,694
- Financial charges +€31,107
up €31,107 (+13.8%), from €226,095 to €257,202
- Staff costs -€26,503
down €26,503 (-17.9%), from €148,089 to €121,586
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 | €10,062,202 | €9,812,212 | -€249,990 | -2.5% |
| Fixed assets | 21/28 | €6,883,956 | €6,738,761 | -€145,195 | -2.1% |
| Tangible fixed assets | 22/27 | €6,883,956 | €6,738,761 | -€145,195 | -2.1% |
| Land and buildings | 22 | €6,859,019 | €6,728,538 | -€130,481 | -1.9% |
| Furniture and vehicles | 24 | €24,937 | €10,223 | -€14,714 | -59.0% |
| Current assets | 29/58 | €3,178,246 | €3,073,451 | -€104,795 | -3.3% |
| Amounts receivable after more than one year | 29 | €35,185 | €0 | -€35,185 | -100% |
| Other amounts receivable | 291 | €35,185 | €0 | -€35,185 | -100% |
| Amounts receivable within one year | 40/41 | €802,154 | €408,288 | -€393,866 | -49.1% |
| Trade receivables | 40 | €337,246 | €122,203 | -€215,043 | -63.8% |
| Other amounts receivable | 41 | €464,908 | €286,084 | -€178,824 | -38.5% |
| Current investments | 50/53 | €1,956,000 | €1,956,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €279,101 | €82,112 | -€196,989 | -70.6% |
| Deferred charges and accrued income | 490/1 | €105,805 | €627,051 | +€521,245 | +493% |
| Total equity and liabilities | 10/49 | €10,062,202 | €9,812,212 | -€249,990 | -2.5% |
| Equity | 10/15 | €2,553,372 | €2,601,921 | +€48,549 | +1.9% |
| Contributions | 10/11 | €582,267 | €582,267 | = | 0.0% |
| Reserves | 13 | €1,956,000 | €1,956,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,956,000 | €1,956,000 | = | 0.0% |
| Own shares acquired | 1312 | €1,956,000 | €1,956,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,105 | €63,654 | +€48,549 | +321% |
| Provisions and deferred taxes | 16 | - | €55,800 | +€55,800 | |
| Provisions for liabilities and charges | 160/5 | - | €55,800 | +€55,800 | |
| Other liabilities and charges | 164/5 | - | €55,800 | +€55,800 | |
| Amounts payable | 17/49 | €7,508,830 | €7,154,491 | -€354,339 | -4.7% |
| Amounts payable after more than one year | 17 | €6,758,263 | €6,586,630 | -€171,633 | -2.5% |
| Financial debts | 170/4 | €6,758,263 | €6,586,630 | -€171,633 | -2.5% |
| Amounts payable within one year | 42/48 | €750,566 | €563,670 | -€186,896 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €433,535 | €378,076 | -€55,459 | -12.8% |
| Financial debts | 43 | - | €36,387 | +€36,387 | |
| Credit institutions | 430/8 | - | €36,387 | +€36,387 | |
| Trade debts | 44 | €131,387 | €126,080 | -€5,307 | -4.0% |
| Suppliers | 440/4 | €131,387 | €126,080 | -€5,307 | -4.0% |
| Taxes, remuneration and social security | 45 | €30,683 | €18,166 | -€12,517 | -40.8% |
| Taxes | 450/3 | €20,935 | €16,487 | -€4,448 | -21.2% |
| Remuneration and social security | 454/9 | €9,748 | €1,680 | -€8,069 | -82.8% |
| Other amounts payable | 47/48 | €154,960 | €4,960 | -€150,000 | -96.8% |
| Accrued charges and deferred income | 492/3 | - | €4,190 | +€4,190 | |
| Remuneration, social security and pensions | 62 | €148,089 | €121,586 | -€26,503 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516,065 | €609,694 | +€93,628 | +18.1% |
| Other operating charges | 640/8 | €147,372 | €284,798 | +€137,426 | +93.3% |
| Gross operating margin | 9900 | €1,043,050 | €1,327,581 | +€284,531 | +27.3% |
| Operating profit (loss) | 9901 | €231,523 | €311,503 | +€79,980 | +34.5% |
| Financial income | 75/76B | €9,677 | €5,983 | -€3,695 | -38.2% |
| Recurring financial income | 75 | €9,677 | €5,983 | -€3,695 | -38.2% |
| Financial charges | 65/66B | €226,095 | €257,202 | +€31,107 | +13.8% |
| Recurring financial charges | 65 | €226,095 | €257,202 | +€31,107 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €15,105 | €60,283 | +€45,178 | +299% |
| Income taxes | 67/77 | €0 | €11,734 | +€11,734 | |
| Profit (loss) for the period | 9904 | €15,105 | €48,549 | +€33,444 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €15,105 | €48,549 | +€33,444 | +221% |
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 21 October 2026 via checked.be.