Immo MVH: 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 MVH
Largest movements
- Receivables within one year +€20,834
up €20,834 (+17.2%), from €121,305 to €142,139
of which Other amounts receivable: +€20,532
- Tangible fixed assets -€6,514
down €6,514 (-2.5%), from €256,691 to €250,176
of which Land and buildings: -€4,884
- Trade debts +€13,628
up €13,628 (+3,143%), from €434 to €14,061
- Tax, wage and social debts +€8,304
up €8,304 (+133%), from €6,261 to €14,565
- Reserves -€5,500
down €5,500 (-3.2%), from €170,872 to €165,372
of which Distributable reserves: -€5,500
- Gross operating margin +€26,658
up €26,658 (+77.6%), from €34,352 to €61,011
- Taxes +€12,154
up €12,154 (+380%), from €3,198 to €15,352
- Depreciation -€7,261
down €7,261 (-52.7%), from €13,775 to €6,514
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 | €378,631 | €395,713 | +€17,082 | +4.5% |
| Fixed assets | 21/28 | €256,691 | €250,176 | -€6,514 | -2.5% |
| Tangible fixed assets | 22/27 | €256,691 | €250,176 | -€6,514 | -2.5% |
| Land and buildings | 22 | €247,985 | €243,101 | -€4,884 | -2.0% |
| Plant, machinery and equipment | 23 | €3,424 | €3,069 | -€355 | -10.4% |
| Furniture and vehicles | 24 | €5,282 | €4,006 | -€1,276 | -24.2% |
| Current assets | 29/58 | €121,940 | €145,537 | +€23,596 | +19.4% |
| Amounts receivable within one year | 40/41 | €121,305 | €142,139 | +€20,834 | +17.2% |
| Trade receivables | 40 | €605 | €908 | +€303 | +50.0% |
| Other amounts receivable | 41 | €120,700 | €141,232 | +€20,532 | +17.0% |
| Cash at bank and in hand | 54/58 | €635 | €3,397 | +€2,762 | +435% |
| Total equity and liabilities | 10/49 | €378,631 | €395,713 | +€17,082 | +4.5% |
| Equity | 10/15 | €332,260 | €326,770 | -€5,489 | -1.7% |
| Contributions | 10/11 | €32,810 | €32,810 | = | 0.0% |
| Reserves | 13 | €170,872 | €165,372 | -€5,500 | -3.2% |
| Tax-exempt reserves | 132 | €23,261 | €23,261 | = | 0.0% |
| Distributable reserves | 133 | €147,611 | €142,111 | -€5,500 | -3.7% |
| Profit (loss) carried forward | 14 | €121,177 | €121,187 | +€11 | 0.0% |
| Investment grants | 15 | €7,401 | €7,401 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,878 | €2,878 | = | 0.0% |
| Deferred taxes | 168 | €2,878 | €2,878 | = | 0.0% |
| Amounts payable | 17/49 | €43,493 | €66,065 | +€22,572 | +51.9% |
| Amounts payable within one year | 42/48 | €42,233 | €65,126 | +€22,893 | +54.2% |
| Trade debts | 44 | €434 | €14,061 | +€13,628 | +3,143% |
| Suppliers | 440/4 | €434 | €14,061 | +€13,628 | +3,143% |
| Taxes, remuneration and social security | 45 | €6,261 | €14,565 | +€8,304 | +133% |
| Taxes | 450/3 | €6,261 | €14,565 | +€8,304 | +133% |
| Other amounts payable | 47/48 | €35,539 | €36,500 | +€961 | +2.7% |
| Accrued charges and deferred income | 492/3 | €1,260 | €938 | -€321 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,775 | €6,514 | -€7,261 | -52.7% |
| Other operating charges | 640/8 | €6,950 | €7,167 | +€217 | +3.1% |
| Gross operating margin | 9900 | €34,352 | €61,011 | +€26,658 | +77.6% |
| Operating profit (loss) | 9901 | €13,627 | €47,330 | +€33,702 | +247% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €1,338 | €972 | -€366 | -27.4% |
| Recurring financial charges | 65 | €1,338 | €972 | -€366 | -27.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €12,289 | €46,362 | +€34,073 | +277% |
| Income taxes | 67/77 | €3,198 | €15,352 | +€12,154 | +380% |
| Profit (loss) for the period | 9904 | €9,092 | €31,011 | +€21,919 | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €9,092 | €31,011 | +€21,919 | +241% |
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.