VICTORY 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.
VICTORY GAMES
Largest movements
- Cash -€72,338
down €72,338 (-21.6%), from €334,619 to €262,281
mainly Trade debts (-€151,673) and Accrued charges and deferred income (-€739)
- Receivables within one year -€16,000
down €16,000 (-2.9%), from €546,000 to €530,000
of which Trade receivables: -€26,000
- Trade debts -€151,673
no longer reported in 2025 (was €151,673)
- Profit (loss) carried forward +€35,143
up €35,143 (+142%), from €24,724 to €59,868
- Tax, wage and social debts +€22,750
up €22,750 (+317%), from €7,184 to €29,934
- Gross operating margin +€70,442
up €70,442 (+115%), from €61,474 to €131,916
- Other operating charges +€45,026
up €45,026 (+262%), from €17,175 to €62,201
- Taxes +€9,641
up €9,641 (+70.1%), from €13,759 to €23,401
- Depreciation -€3,737
down €3,737 (-100.0%), from €3,737 to €0
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 | €956,019 | €867,681 | -€88,338 | -9.2% |
| Fixed assets | 21/28 | €75,400 | €75,400 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | -€0 | |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €75,400 | €75,400 | = | 0.0% |
| Current assets | 29/58 | €880,619 | €792,281 | -€88,338 | -10.0% |
| Amounts receivable within one year | 40/41 | €546,000 | €530,000 | -€16,000 | -2.9% |
| Trade receivables | 40 | €191,000 | €165,000 | -€26,000 | -13.6% |
| Other amounts receivable | 41 | €355,000 | €365,000 | +€10,000 | +2.8% |
| Cash at bank and in hand | 54/58 | €334,619 | €262,281 | -€72,338 | -21.6% |
| Total equity and liabilities | 10/49 | €956,019 | €867,681 | -€88,338 | -9.2% |
| Equity | 10/15 | €496,816 | €531,959 | +€35,143 | +7.1% |
| Contributions | 10/11 | €472,092 | €472,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,724 | €59,868 | +€35,143 | +142% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Environmental obligations | 163 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €409,203 | €285,722 | -€123,481 | -30.2% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €301,212 | €178,469 | -€122,743 | -40.7% |
| Trade debts | 44 | €151,673 | - | -€151,673 | |
| Suppliers | 440/4 | €151,673 | - | -€151,673 | |
| Taxes, remuneration and social security | 45 | €7,184 | €29,934 | +€22,750 | +317% |
| Taxes | 450/3 | €7,184 | €29,934 | +€22,750 | +317% |
| Other amounts payable | 47/48 | €142,354 | €148,535 | +€6,180 | +4.3% |
| Accrued charges and deferred income | 492/3 | €7,992 | €7,253 | -€739 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,737 | €0 | -€3,737 | -100.0% |
| Other operating charges | 640/8 | €17,175 | €62,201 | +€45,026 | +262% |
| Gross operating margin | 9900 | €61,474 | €131,916 | +€70,442 | +115% |
| Operating profit (loss) | 9901 | €40,563 | €69,715 | +€29,152 | +71.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -54.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -54.5% |
| Financial charges | 65/66B | €11,417 | €11,171 | -€245 | -2.1% |
| Recurring financial charges | 65 | €11,417 | €11,171 | -€245 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €29,146 | €58,544 | +€29,398 | +101% |
| Income taxes | 67/77 | €13,759 | €23,401 | +€9,641 | +70.1% |
| Profit (loss) for the period | 9904 | €15,387 | €35,143 | +€19,756 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €15,387 | €35,143 | +€19,756 | +128% |
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 22 October 2026 via checked.be.