Immo MvP: 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 MvP
Largest movements
- Tangible fixed assets -€519,579
down €519,579 (-4.4%), from €11.8m to €11.3m
of which Land and buildings: -€414,737
- Intangible fixed assets +€298,665
up €298,665 (+28.3%), from €1.1m to €1.4m
- Receivables within one year +€138,713
up €138,713 (+28.4%), from €488,708 to €627,420
of which Trade receivables: +€138,457
- Other debts +€919,817
up €919,817 (+43.4%), from €2.1m to €3.0m
- Debts after one year -€642,857
down €642,857 (-8.8%), from €7.3m to €6.7m
- Trade debts -€392,190
down €392,190 (-93.3%), from €420,171 to €27,982
- Turnover +€104,994
up €104,994 (+7.7%), from €1.4m to €1.5m
- Services and other goods +€85,606
up €85,606 (+24.3%), from €352,985 to €438,591
- Depreciation +€76,306
up €76,306 (+10.8%), from €708,877 to €785,183
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 | €13,498,548 | €13,397,206 | -€101,342 | -0.8% |
| Fixed assets | 21/28 | €12,886,690 | €12,665,776 | -€220,914 | -1.7% |
| Intangible fixed assets | 21 | €1,053,568 | €1,352,232 | +€298,665 | +28.3% |
| Tangible fixed assets | 22/27 | €11,833,122 | €11,313,543 | -€519,579 | -4.4% |
| Land and buildings | 22 | €10,699,964 | €10,285,227 | -€414,737 | -3.9% |
| Plant, machinery and equipment | 23 | €962,708 | €877,715 | -€84,992 | -8.8% |
| Furniture and vehicles | 24 | €170,450 | €150,600 | -€19,850 | -11.6% |
| Current assets | 29/58 | €611,859 | €731,430 | +€119,571 | +19.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €488,708 | €627,420 | +€138,713 | +28.4% |
| Trade receivables | 40 | €488,708 | €627,164 | +€138,457 | +28.3% |
| Other amounts receivable | 41 | €0 | €256 | +€256 | |
| Cash at bank and in hand | 54/58 | €109,031 | €104,010 | -€5,021 | -4.6% |
| Deferred charges and accrued income | 490/1 | €14,120 | €0 | -€14,120 | -100% |
| Total equity and liabilities | 10/49 | €13,498,548 | €13,397,206 | -€101,342 | -0.8% |
| Equity | 10/15 | €2,979,023 | €2,989,311 | +€10,287 | +0.3% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,977 | -€10,689 | +€10,287 | +49.0% |
| Amounts payable | 17/49 | €10,519,525 | €10,407,895 | -€111,630 | -1.1% |
| Amounts payable after more than one year | 17 | €7,339,286 | €6,696,429 | -€642,857 | -8.8% |
| Financial debts | 170/4 | €7,339,286 | €6,696,429 | -€642,857 | -8.8% |
| Credit institutions | 173 | €7,339,286 | €6,696,429 | -€642,857 | -8.8% |
| Amounts payable within one year | 42/48 | €3,180,239 | €3,707,867 | +€527,627 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €642,857 | €642,857 | = | 0.0% |
| Trade debts | 44 | €420,171 | €27,982 | -€392,190 | -93.3% |
| Suppliers | 440/4 | €420,171 | €27,982 | -€392,190 | -93.3% |
| Other amounts payable | 47/48 | €2,117,211 | €3,037,028 | +€919,817 | +43.4% |
| Accrued charges and deferred income | 492/3 | - | €3,600 | +€3,600 | |
| Operating income | 70/76A | €1,361,041 | €1,466,035 | +€104,994 | +7.7% |
| Turnover | 70 | €1,361,041 | €1,466,035 | +€104,994 | +7.7% |
| Operating charges | 60/66A | €1,068,598 | €1,230,902 | +€162,304 | +15.2% |
| Services and other goods | 61 | €352,985 | €438,591 | +€85,606 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €708,877 | €785,183 | +€76,306 | +10.8% |
| Other operating charges | 640/8 | €6,737 | €7,128 | +€391 | +5.8% |
| Operating profit (loss) | 9901 | €292,443 | €235,133 | -€57,309 | -19.6% |
| Financial income | 75/76B | €13,069 | €0 | -€13,069 | -100.0% |
| Recurring financial income | 75 | €13,069 | €0 | -€13,069 | -100.0% |
| Income from current assets | 751 | €13,069 | €0 | -€13,069 | -100% |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €229,050 | €224,846 | -€4,204 | -1.8% |
| Recurring financial charges | 65 | €229,050 | €224,846 | -€4,204 | -1.8% |
| Debt charges | 650 | €228,376 | €224,477 | -€3,898 | -1.7% |
| Other financial charges | 652/9 | €675 | €369 | -€306 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €76,462 | €10,287 | -€66,175 | -86.5% |
| Profit (loss) for the period | 9904 | €76,462 | €10,287 | -€66,175 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,462 | €10,287 | -€66,175 | -86.5% |
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 19 October 2026 via checked.be.