IMMO M.V. CONCEPT: 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.
IMMO M.V. CONCEPT
Largest movements
- Receivables within one year +€53,759
up €53,759 (+38.4%), from €140,015 to €193,774
of which Other amounts receivable: +€51,422
- Debts after one year +€359,221
up €359,221 (+105%), from €341,236 to €700,457
- Short-term financial debts -€242,852
no longer reported in 2025 (was €242,852)
- Profit (loss) carried forward -€40,344
down €40,344 (-15.8%), from -€255,270 to -€295,614
- Other debts -€25,000
down €25,000 (-13.5%), from €185,373 to €160,373
- Gross operating margin -€48,656
down €48,656, from €43,403 to -€5,253
- Provisions -€28,086
no longer reported in 2025 (was €28,086)
- Financial charges +€8,529
up €8,529 (+31.0%), from €27,552 to €36,081
of which Financial charges: +€8,131
- Financial income +€4,091
up €4,091 (+77.3%), from €5,294 to €9,384
- Depreciation +€2,882
up €2,882 (+89.4%), from €3,226 to €6,108
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 | €527,827 | €583,274 | +€55,447 | +10.5% |
| Fixed assets | 21/28 | €387,575 | €389,417 | +€1,842 | +0.5% |
| Intangible fixed assets | 21 | €29,789 | €27,992 | -€1,797 | -6.0% |
| Tangible fixed assets | 22/27 | €357,786 | €361,425 | +€3,639 | +1.0% |
| Land and buildings | 22 | €357,786 | €361,425 | +€3,639 | +1.0% |
| Current assets | 29/58 | €140,252 | €193,857 | +€53,605 | +38.2% |
| Amounts receivable within one year | 40/41 | €140,015 | €193,774 | +€53,759 | +38.4% |
| Trade receivables | 40 | €4,454 | €6,791 | +€2,337 | +52.5% |
| Other amounts receivable | 41 | €135,561 | €186,983 | +€51,422 | +37.9% |
| Cash at bank and in hand | 54/58 | €237 | €83 | -€154 | -65.1% |
| Total equity and liabilities | 10/49 | €527,827 | €583,274 | +€55,447 | +10.5% |
| Equity | 10/15 | -€242,198 | -€282,542 | -€40,344 | -16.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Revaluation surpluses | 12 | €11,571 | €11,197 | -€373 | -3.2% |
| Reserves | 13 | €1 | €374 | +€373 | +36,595% |
| Distributable reserves | 133 | €1 | €374 | +€373 | +36,595% |
| Profit (loss) carried forward | 14 | -€255,270 | -€295,614 | -€40,344 | -15.8% |
| Amounts payable | 17/49 | €770,025 | €865,816 | +€95,791 | +12.4% |
| Amounts payable after more than one year | 17 | €341,236 | €700,457 | +€359,221 | +105% |
| Financial debts | 170/4 | €341,236 | €700,457 | +€359,221 | +105% |
| Amounts payable within one year | 42/48 | €428,789 | €165,359 | -€263,431 | -61.4% |
| Financial debts | 43 | €242,852 | - | -€242,852 | |
| Credit institutions | 430/8 | €242,852 | - | -€242,852 | |
| Trade debts | 44 | €363 | €2,943 | +€2,580 | +711% |
| Suppliers | 440/4 | €363 | €2,943 | +€2,580 | +711% |
| Taxes, remuneration and social security | 45 | €201 | €2,042 | +€1,841 | +915% |
| Taxes | 450/3 | €201 | €2,042 | +€1,841 | +915% |
| Other amounts payable | 47/48 | €185,373 | €160,373 | -€25,000 | -13.5% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Non-recurring operating income | 76A | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,226 | €6,108 | +€2,882 | +89.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,086 | - | -€28,086 | |
| Other operating charges | 640/8 | €1,414 | €1,881 | +€467 | +33.1% |
| Non-recurring operating charges | 66A | - | €405 | +€405 | |
| Gross operating margin | 9900 | €43,403 | -€5,253 | -€48,656 | |
| Operating profit (loss) | 9901 | €10,678 | -€13,647 | -€24,325 | |
| Financial income | 75/76B | €5,294 | €9,384 | +€4,091 | +77.3% |
| Recurring financial income | 75 | €5,294 | €9,384 | +€4,091 | +77.3% |
| Financial charges | 65/66B | €27,552 | €36,081 | +€8,529 | +31.0% |
| Recurring financial charges | 65 | €27,552 | €35,683 | +€8,131 | +29.5% |
| Non-recurring financial charges | 66B | - | €398 | +€398 | |
| Profit (loss) for the period before taxes | 9903 | -€11,581 | -€40,344 | -€28,764 | -248% |
| Profit (loss) for the period | 9904 | -€11,581 | -€40,344 | -€28,764 | -248% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,581 | -€40,344 | -€28,764 | -248% |
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 18 October 2026 via checked.be.