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 -€47,188
down €47,188 (-6.7%), from €706,286 to €659,098
- Debts after one year -€66,955
down €66,955 (-12.8%), from €524,381 to €457,426
- Profit (loss) carried forward +€16,141
up €16,141 (+8.3%), from €193,853 to €209,994
- Gross operating margin +€12,746
up €12,746 (+17.4%), from €73,329 to €86,075
- Other operating charges +€1,590
up €1,590 (+31.5%), from €5,040 to €6,629
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,494 | €792,035 | -€43,460 | -5.2% |
| Fixed assets | 21/28 | €706,286 | €659,098 | -€47,188 | -6.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €706,286 | €659,098 | -€47,188 | -6.7% |
| Land and buildings | 22 | €706,286 | €659,098 | -€47,188 | -6.7% |
| Current assets | 29/58 | €129,208 | €132,936 | +€3,728 | +2.9% |
| Amounts receivable within one year | 40/41 | €129,208 | €128,787 | -€421 | -0.3% |
| Other amounts receivable | 41 | €129,208 | €128,787 | -€421 | -0.3% |
| Deferred charges and accrued income | 490/1 | - | €4,149 | +€4,149 | |
| Total equity and liabilities | 10/49 | €835,494 | €792,035 | -€43,460 | -5.2% |
| Equity | 10/15 | €214,313 | €230,454 | +€16,141 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,853 | €209,994 | +€16,141 | +8.3% |
| Amounts payable | 17/49 | €621,181 | €561,581 | -€59,600 | -9.6% |
| Amounts payable after more than one year | 17 | €524,381 | €457,426 | -€66,955 | -12.8% |
| Financial debts | 170/4 | €524,381 | €457,426 | -€66,955 | -12.8% |
| Amounts payable within one year | 42/48 | €96,800 | €104,154 | +€7,355 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €67,677 | €69,704 | +€2,027 | +3.0% |
| Trade debts | 44 | €9,199 | €7,948 | -€1,250 | -13.6% |
| Suppliers | 440/4 | €9,199 | €7,948 | -€1,250 | -13.6% |
| Taxes, remuneration and social security | 45 | €4,561 | €4,729 | +€167 | +3.7% |
| Taxes | 450/3 | €4,561 | €4,729 | +€167 | +3.7% |
| Other amounts payable | 47/48 | €15,363 | €21,773 | +€6,410 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,188 | €47,188 | = | 0.0% |
| Other operating charges | 640/8 | €5,040 | €6,629 | +€1,590 | +31.5% |
| Gross operating margin | 9900 | €73,329 | €86,075 | +€12,746 | +17.4% |
| Operating profit (loss) | 9901 | €21,102 | €32,258 | +€11,156 | +52.9% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €17,483 | €17,244 | -€238 | -1.4% |
| Recurring financial charges | 65 | €17,483 | €17,244 | -€238 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €3,619 | €15,114 | +€11,495 | +318% |
| Profit (loss) for the period | 9904 | €3,619 | €15,114 | +€11,495 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €3,619 | €15,114 | +€11,495 | +318% |
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.