MADAME REVE: 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.
MADAME REVE
Largest movements
- Receivables within one year +€50,585
up €50,585 (+2,374%), from €2,131 to €52,716
of which Trade receivables: +€49,869
- Tangible fixed assets -€9,903
down €9,903 (-69.2%), from €14,316 to €4,413
of which Other tangible fixed assets: -€5,212
- Stocks and contracts +€8,099
up €8,099 (+10.8%), from €75,173 to €83,272
- Intangible fixed assets -€3,024
down €3,024 (-30.8%), from €9,828 to €6,804
- Other debts +€95,597
up €95,597 (+51.2%), from €186,777 to €282,374
- Profit (loss) carried forward -€62,236
down €62,236 (-50.3%), from -€123,631 to -€185,867
- Trade debts +€19,834
new in 2025: €19,834
- Current portion of long-term debt -€15,722
no longer reported in 2025 (was €15,722)
- Tax, wage and social debts +€8,927
up €8,927 (+84.5%), from €10,569 to €19,496
of which Taxes: +€5,409
- Gross operating margin +€51,743
up €51,743 (+192%), from €26,892 to €78,636
- Staff costs +€36,270
up €36,270 (+40.5%), from €89,530 to €125,801
- Depreciation -€32,352
down €32,352 (-71.5%), from €45,279 to €12,927
- Other operating charges -€4,984
down €4,984 (-92.8%), from €5,371 to €387
- Financial charges -€1,711
down €1,711 (-49.3%), from €3,468 to €1,757
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 | €109,437 | €155,837 | +€46,401 | +42.4% |
| Fixed assets | 21/28 | €24,329 | €11,402 | -€12,927 | -53.1% |
| Intangible fixed assets | 21 | €9,828 | €6,804 | -€3,024 | -30.8% |
| Tangible fixed assets | 22/27 | €14,316 | €4,413 | -€9,903 | -69.2% |
| Plant, machinery and equipment | 23 | €2,110 | €1,067 | -€1,043 | -49.4% |
| Furniture and vehicles | 24 | €5,641 | €1,994 | -€3,647 | -64.7% |
| Other tangible fixed assets | 26 | €6,565 | €1,352 | -€5,212 | -79.4% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €85,108 | €144,435 | +€59,327 | +69.7% |
| Stocks and contracts in progress | 3 | €75,173 | €83,272 | +€8,099 | +10.8% |
| Stocks | 30/36 | €75,173 | €83,272 | +€8,099 | +10.8% |
| Amounts receivable within one year | 40/41 | €2,131 | €52,716 | +€50,585 | +2,374% |
| Trade receivables | 40 | €2,131 | €52,000 | +€49,869 | +2,340% |
| Other amounts receivable | 41 | - | €716 | +€716 | |
| Cash at bank and in hand | 54/58 | €7,804 | €8,448 | +€643 | +8.2% |
| Total equity and liabilities | 10/49 | €109,437 | €155,837 | +€46,401 | +42.4% |
| Equity | 10/15 | -€103,631 | -€165,867 | -€62,236 | -60.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,631 | -€185,867 | -€62,236 | -50.3% |
| Amounts payable | 17/49 | €213,068 | €321,704 | +€108,636 | +51.0% |
| Amounts payable within one year | 42/48 | €213,068 | €321,704 | +€108,636 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €15,722 | - | -€15,722 | |
| Trade debts | 44 | - | €19,834 | +€19,834 | |
| Suppliers | 440/4 | - | €19,834 | +€19,834 | |
| Taxes, remuneration and social security | 45 | €10,569 | €19,496 | +€8,927 | +84.5% |
| Taxes | 450/3 | €7,971 | €13,380 | +€5,409 | +67.9% |
| Remuneration and social security | 454/9 | €2,598 | €6,116 | +€3,518 | +135% |
| Other amounts payable | 47/48 | €186,777 | €282,374 | +€95,597 | +51.2% |
| Remuneration, social security and pensions | 62 | €89,530 | €125,801 | +€36,270 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,279 | €12,927 | -€32,352 | -71.5% |
| Other operating charges | 640/8 | €5,371 | €387 | -€4,984 | -92.8% |
| Gross operating margin | 9900 | €26,892 | €78,636 | +€51,743 | +192% |
| Operating profit (loss) | 9901 | -€113,289 | -€60,479 | +€52,810 | +46.6% |
| Financial charges | 65/66B | €3,468 | €1,757 | -€1,711 | -49.3% |
| Recurring financial charges | 65 | €3,468 | €1,757 | -€1,711 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€116,757 | -€62,236 | +€54,521 | +46.7% |
| Income taxes | 67/77 | €1,276 | - | -€1,276 | |
| Profit (loss) for the period | 9904 | -€118,032 | -€62,236 | +€55,797 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,032 | -€62,236 | +€55,797 | +47.3% |
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 1 November 2026 via checked.be.