PEARL 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.
PEARL GAMES
Largest movements
- Intangible fixed assets -€100,413
no longer reported in 2025 (was €100,413)
- Cash -€42,255
down €42,255 (-54.4%), from €77,698 to €35,443
- Receivables within one year +€25,942
up €25,942 (+138%), from €18,766 to €44,708
of which Trade receivables: +€39,404
- Profit (loss) carried forward -€114,007
down €114,007 (-2,582%), from -€4,415 to -€118,422
- Trade debts -€18,208
down €18,208 (-99.0%), from €18,392 to €184
- Contributions +€6,200
up €6,200 (+4.5%), from €136,829 to €143,029
- Tax, wage and social debts +€5,398
up €5,398 (+3,291%), from €164 to €5,562
- Turnover -€830,907
no longer reported in 2025 (was €830,907)
- Goods and materials -€489,972
no longer reported in 2025 (was €489,972)
- Staff costs -€453,890
no longer reported in 2025 (was €453,890)
- Services and other goods -€221,860
no longer reported in 2025 (was €221,860)
- Depreciation -€81,945
down €81,945 (-73.4%), from €111,681 to €29,736
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,830 | €82,213 | -€120,617 | -59.5% |
| Fixed assets | 21/28 | €105,115 | €2,062 | -€103,053 | -98.0% |
| Intangible fixed assets | 21 | €100,413 | - | -€100,413 | |
| Tangible fixed assets | 22/27 | €2,346 | €359 | -€1,987 | -84.7% |
| Furniture and vehicles | 24 | €2,346 | €359 | -€1,987 | -84.7% |
| Financial fixed assets | 28 | €2,356 | €1,703 | -€653 | -27.7% |
| Other financial fixed assets | 284/8 | €2,356 | - | -€2,356 | |
| Amounts receivable and cash guarantees | 285/8 | €2,356 | - | -€2,356 | |
| Current assets | 29/58 | €97,715 | €80,151 | -€17,564 | -18.0% |
| Amounts receivable within one year | 40/41 | €18,766 | €44,708 | +€25,942 | +138% |
| Trade receivables | 40 | €5,304 | €44,708 | +€39,404 | +743% |
| Other amounts receivable | 41 | €13,463 | - | -€13,463 | |
| Cash at bank and in hand | 54/58 | €77,698 | €35,443 | -€42,255 | -54.4% |
| Deferred charges and accrued income | 490/1 | €1,250 | - | -€1,250 | |
| Total equity and liabilities | 10/49 | €202,830 | €82,213 | -€120,617 | -59.5% |
| Equity | 10/15 | €184,274 | €76,467 | -€107,807 | -58.5% |
| Contributions | 10/11 | €136,829 | €143,029 | +€6,200 | +4.5% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,415 | -€118,422 | -€114,007 | -2,582% |
| Amounts payable | 17/49 | €18,556 | €5,746 | -€12,810 | -69.0% |
| Amounts payable within one year | 42/48 | €18,556 | €5,746 | -€12,810 | -69.0% |
| Trade debts | 44 | €18,392 | €184 | -€18,208 | -99.0% |
| Suppliers | 440/4 | €18,392 | €184 | -€18,208 | -99.0% |
| Taxes, remuneration and social security | 45 | €164 | €5,562 | +€5,398 | +3,291% |
| Remuneration and social security | 454/9 | €164 | €5,562 | +€5,398 | +3,291% |
| Operating income | 70/76A | €942,046 | - | -€942,046 | |
| Turnover | 70 | €830,907 | - | -€830,907 | |
| Own construction capitalised | 72 | €110,752 | - | -€110,752 | |
| Other operating income | 74 | €387 | - | -€387 | |
| Operating charges | 60/66A | €1,277,762 | - | -€1.3m | |
| Goods for resale, raw materials and consumables | 60 | €489,972 | - | -€489,972 | |
| Purchases | 600/8 | €489,972 | - | -€489,972 | |
| Services and other goods | 61 | €221,860 | - | -€221,860 | |
| Remuneration, social security and pensions | 62 | €453,890 | - | -€453,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,681 | €29,736 | -€81,945 | -73.4% |
| Other operating charges | 640/8 | €360 | - | -€360 | |
| Gross operating margin | 9900 | - | €65,273 | +€65,273 | |
| Operating profit (loss) | 9901 | -€335,716 | €35,537 | +€371,253 | |
| Financial income | 75/76B | €75 | - | -€75 | |
| Recurring financial income | 75 | €75 | - | -€75 | |
| Other financial income | 752/9 | €75 | - | -€75 | |
| Financial charges | 65/66B | €25,971 | €107 | -€25,864 | -99.6% |
| Recurring financial charges | 65 | €25,971 | €107 | -€25,864 | -99.6% |
| Debt charges | 650 | €17,313 | - | -€17,313 | |
| Other financial charges | 652/9 | €8,659 | - | -€8,659 | |
| Profit (loss) for the period before taxes | 9903 | -€361,612 | €35,430 | +€397,042 | |
| Profit (loss) for the period | 9904 | -€361,612 | €35,430 | +€397,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€361,612 | €35,430 | +€397,042 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.