TERRES DE REVES: what changed
What changed
TERRES DE REVES
NACE 23.410, Manufacture of ceramic household and ornamental articles
filed annual accounts (NBB)
Net result for the year
€19,532
2024 · -€6,996+€26,528
Equity
€82,279
2024 · €92,547-€10,268
Cash
€41,765
2024 · €47,303-€5,538
Balance sheet total
€224,722
2024 · €234,331-€9,609
Largest movements
Assets
- Cash -€5,538
down €5,538 (-11.7%), from €47,303 to €41,765
mainly Contributions, distributions and other (-€29,800) and Trade debts (-€10,046)
- Stocks and contracts -€4,651
down €4,651 (-18.3%), from €25,437 to €20,786
- Receivables within one year +€3,810
up €3,810 (+4.9%), from €77,845 to €81,655
of which Trade receivables: +€9,503
Equity and liabilities
- Profit (loss) carried forward -€15,468
down €15,468 (-20.3%), from €76,112 to €60,644
- Trade debts -€10,046
down €10,046 (-91.7%), from €10,953 to €907
- Other debts +€10,044
up €10,044 (+11.8%), from €85,174 to €95,218
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
Income statement
- Gross operating margin +€27,832
up €27,832 (+302%), from €9,217 to €37,048
- Taxes +€2,028
up €2,028 (+51.3%), from €3,951 to €5,980
- Financial charges +€1,133
up €1,133 (+141%), from €804 to €1,937
- Other operating charges -€546
down €546 (-29.2%), from €1,867 to €1,321
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6,996
Gross operating margin
+€27,832
Depreciation
+€72
Other operating charges
+€546
Other operating items
+€1,244
Financial income
-€5
Financial charges
-€1,133
Taxes
-€2,028
Result 2025
€19,532
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€31,193
Investment
-€6,163
Financing
-€30,568
Cash 2024
€47,303
From operations (derived)
+€31,193
Net result for the year
+€19,532
Depreciation
+€9,283
Stocks and contracts
+€4,651
Receivables within one year
-€3,810
Deferred charges and accrued income
+€110
Trade debts
-€10,046
Tax, wage and social debts
+€1,428
Other debts
+€10,044
Investment (derived)
-€6,163
Investment in fixed assets (net)
-€6,163
Financing
-€30,568
Short-term financial debts
-€768
Contributions, distributions and other
-€29,800
Cash 2025
€41,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €234,331 | €224,722 | -€9,609 | -4.1% |
| Fixed assets | 21/28 | €82,483 | €79,362 | -€3,121 | -3.8% |
| Intangible fixed assets | 21 | €5,378 | €3,314 | -€2,064 | -38.4% |
| Tangible fixed assets | 22/27 | €77,105 | €76,048 | -€1,057 | -1.4% |
| Plant, machinery and equipment | 23 | €1,400 | €368 | -€1,033 | -73.7% |
| Furniture and vehicles | 24 | €75,387 | €75,522 | +€134 | +0.2% |
| Other tangible fixed assets | 26 | €317 | €159 | -€159 | -50.0% |
| Current assets | 29/58 | €151,849 | €145,360 | -€6,489 | -4.3% |
| Stocks and contracts in progress | 3 | €25,437 | €20,786 | -€4,651 | -18.3% |
| Stocks | 30/36 | €25,437 | €20,786 | -€4,651 | -18.3% |
| Amounts receivable within one year | 40/41 | €77,845 | €81,655 | +€3,810 | +4.9% |
| Trade receivables | 40 | €72,152 | €81,655 | +€9,503 | +13.2% |
| Other amounts receivable | 41 | €5,693 | €0 | -€5,693 | -100% |
| Cash at bank and in hand | 54/58 | €47,303 | €41,765 | -€5,538 | -11.7% |
| Deferred charges and accrued income | 490/1 | €1,264 | €1,154 | -€110 | -8.7% |
| Total equity and liabilities | 10/49 | €234,331 | €224,722 | -€9,609 | -4.1% |
| Equity | 10/15 | €92,547 | €82,279 | -€10,268 | -11.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €2,035 | €2,035 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,035 | €2,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,112 | €60,644 | -€15,468 | -20.3% |
| Investment grants | 15 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Amounts payable | 17/49 | €141,784 | €142,443 | +€659 | +0.5% |
| Amounts payable within one year | 42/48 | €141,784 | €142,443 | +€659 | +0.5% |
| Financial debts | 43 | €1,011 | €244 | -€768 | -75.9% |
| Credit institutions | 430/8 | €1,011 | €244 | -€768 | -75.9% |
| Trade debts | 44 | €10,953 | €907 | -€10,046 | -91.7% |
| Suppliers | 440/4 | €10,953 | €907 | -€10,046 | -91.7% |
| Taxes, remuneration and social security | 45 | €44,647 | €46,074 | +€1,428 | +3.2% |
| Taxes | 450/3 | €17,421 | €39,341 | +€21,920 | +126% |
| Remuneration and social security | 454/9 | €27,225 | €6,733 | -€20,492 | -75.3% |
| Other amounts payable | 47/48 | €85,174 | €95,218 | +€10,044 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,356 | €9,283 | -€72 | -0.8% |
| Other operating charges | 640/8 | €1,867 | €1,321 | -€546 | -29.2% |
| Non-recurring operating charges | 66A | €1,244 | €0 | -€1,244 | -100% |
| Gross operating margin | 9900 | €9,217 | €37,048 | +€27,832 | +302% |
| Operating profit (loss) | 9901 | -€3,251 | €26,444 | +€29,695 | |
| Financial income | 75/76B | €1,010 | €1,005 | -€5 | -0.5% |
| Recurring financial income | 75 | €1,010 | €1,005 | -€5 | -0.5% |
| Financial charges | 65/66B | €804 | €1,937 | +€1,133 | +141% |
| Recurring financial charges | 65 | €804 | €1,937 | +€1,133 | +141% |
| Profit (loss) for the period before taxes | 9903 | -€3,045 | €25,512 | +€28,556 | |
| Income taxes | 67/77 | €3,951 | €5,980 | +€2,028 | +51.3% |
| Profit (loss) for the period | 9904 | -€6,996 | €19,532 | +€26,528 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,996 | €19,532 | +€26,528 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.