Magnetic properties of the Fe76.2Nb5.7B13.3Gd4.8, Fe69.6Nb5.2B12.2Gd13, Fe76.2Nb5.7B13.3Y4.8, Fe69.6Nb5.2B12.2Y13 bulk nanocrystalline alloys (mould casting technique) are presented and discussed. Measurements were carried out by the means of SQUID magnetometer (temperature range 2 K – 400 K, field up to 7 T) and magnetic balance (temperatures up to 1100 K). Microstructure was studied by the Mössbauer spectroscopy at room temperature. It was shown that the samples are nonocrystalline with α-Fe and different Fe-B, Y/Gd-Fe or Y/Gd-Fe-B compounds. The preparation method as well as the Gd addition causes a magnetic hardening of the studied alloys.