H-GAMES: 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.
H-GAMES
Largest movements
- Receivables within one year +€13,527
up €13,527 (+39.7%), from €34,048 to €47,575
of which Trade receivables: +€13,527
- Cash +€9,025
up €9,025 (+33.2%), from €27,149 to €36,174
mainly Net result for the year (+€17,626) and Depreciation (+€14,109)
- Intangible fixed assets -€7,000
down €7,000 (-13.2%), from €52,901 to €45,901
- Tangible fixed assets -€4,104
down €4,104 (-21.8%), from €18,794 to €14,689
of which Plant, machinery and equipment: -€3,123
- Deferred charges and accrued income -€3,228
down €3,228 (-41.2%), from €7,828 to €4,600
- Profit (loss) carried forward +€17,626
up €17,626 (+19.0%), from €92,992 to €110,618
- Trade debts -€16,563
down €16,563 (-93.8%), from €17,649 to €1,086
- Tax, wage and social debts +€6,740
up €6,740 (+104.0%), from €6,482 to €13,221
of which Remuneration and social security: +€4,420
- Gross operating margin +€18,337
up €18,337 (+39.4%), from €46,583 to €64,920
- Other operating charges +€7,237
up €7,237 (+34.6%), from €20,945 to €28,183
- Depreciation +€1,367
up €1,367 (+10.7%), from €12,743 to €14,109
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 | €155,819 | €164,039 | +€8,220 | +5.3% |
| Fixed assets | 21/28 | €86,795 | €75,691 | -€11,104 | -12.8% |
| Intangible fixed assets | 21 | €52,901 | €45,901 | -€7,000 | -13.2% |
| Tangible fixed assets | 22/27 | €18,794 | €14,689 | -€4,104 | -21.8% |
| Plant, machinery and equipment | 23 | €15,241 | €12,117 | -€3,123 | -20.5% |
| Furniture and vehicles | 24 | €3,553 | €2,572 | -€981 | -27.6% |
| Financial fixed assets | 28 | €15,100 | €15,100 | = | 0.0% |
| Current assets | 29/58 | €69,024 | €88,348 | +€19,324 | +28.0% |
| Amounts receivable within one year | 40/41 | €34,048 | €47,575 | +€13,527 | +39.7% |
| Trade receivables | 40 | €19,048 | €32,575 | +€13,527 | +71.0% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,149 | €36,174 | +€9,025 | +33.2% |
| Deferred charges and accrued income | 490/1 | €7,828 | €4,600 | -€3,228 | -41.2% |
| Total equity and liabilities | 10/49 | €155,819 | €164,039 | +€8,220 | +5.3% |
| Equity | 10/15 | €131,592 | €149,218 | +€17,626 | +13.4% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,992 | €110,618 | +€17,626 | +19.0% |
| Amounts payable | 17/49 | €24,226 | €14,820 | -€9,406 | -38.8% |
| Amounts payable within one year | 42/48 | €24,226 | €14,820 | -€9,406 | -38.8% |
| Trade debts | 44 | €17,649 | €1,086 | -€16,563 | -93.8% |
| Suppliers | 440/4 | €17,649 | €1,086 | -€16,563 | -93.8% |
| Taxes, remuneration and social security | 45 | €6,482 | €13,221 | +€6,740 | +104.0% |
| Taxes | 450/3 | €2,596 | €4,916 | +€2,320 | +89.3% |
| Remuneration and social security | 454/9 | €3,885 | €8,305 | +€4,420 | +113.8% |
| Other amounts payable | 47/48 | €96 | €512 | +€417 | +436.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,743 | €14,109 | +€1,367 | +10.7% |
| Other operating charges | 640/8 | €20,945 | €28,183 | +€7,237 | +34.6% |
| Gross operating margin | 9900 | €46,583 | €64,920 | +€18,337 | +39.4% |
| Operating profit (loss) | 9901 | €12,895 | €22,627 | +€9,733 | +75.5% |
| Financial income | 75/76B | €15 | €2 | -€13 | -86.4% |
| Recurring financial income | 75 | €15 | €2 | -€13 | -86.4% |
| Financial charges | 65/66B | €76 | €87 | +€12 | +15.6% |
| Recurring financial charges | 65 | €76 | €87 | +€12 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €12,834 | €22,542 | +€9,708 | +75.6% |
| Income taxes | 67/77 | €4,574 | €4,916 | +€342 | +7.5% |
| Profit (loss) for the period | 9904 | €8,260 | €17,626 | +€9,366 | +113.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,260 | €17,626 | +€9,366 | +113.4% |
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 12 October 2026 via checked.be.