M.V.D. IMMO: 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.
M.V.D. IMMO
Largest movements
- Tangible fixed assets -€12,297
down €12,297 (-4.4%), from €277,216 to €264,919
- Cash -€2,868
down €2,868 (-74.1%), from €3,871 to €1,003
mainly Debts after one year (-€14,325) and Trade debts (-€1,153)
- Debts after one year -€14,325
down €14,325 (-9.8%), from €146,381 to €132,056
of which Financial debts: -€14,325
- Gross operating margin +€2,377
up €2,377 (+13.3%), from €17,913 to €20,290
- Taxes +€1,088
new in 2025: €1,088
- Financial charges -€397
down €397 (-9.8%), from €4,039 to €3,642
- Other operating charges -€329
down €329 (-13.4%), from €2,458 to €2,129
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.
Cash bridge derived
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 | €283,482 | €268,406 | -€15,076 | -5.3% |
| Fixed assets | 21/28 | €277,216 | €264,919 | -€12,297 | -4.4% |
| Tangible fixed assets | 22/27 | €277,216 | €264,919 | -€12,297 | -4.4% |
| Land and buildings | 22 | €277,216 | €264,919 | -€12,297 | -4.4% |
| Current assets | 29/58 | €6,266 | €3,487 | -€2,779 | -44.3% |
| Amounts receivable within one year | 40/41 | €210 | €210 | -€0 | -0.1% |
| Other amounts receivable | 41 | €210 | €210 | -€0 | -0.1% |
| Cash at bank and in hand | 54/58 | €3,871 | €1,003 | -€2,868 | -74.1% |
| Deferred charges and accrued income | 490/1 | €2,185 | €2,274 | +€89 | +4.1% |
| Total equity and liabilities | 10/49 | €283,482 | €268,406 | -€15,076 | -5.3% |
| Equity | 10/15 | -€13,189 | -€12,055 | +€1,134 | +8.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,189 | -€57,055 | +€1,134 | +1.9% |
| Amounts payable | 17/49 | €296,671 | €280,461 | -€16,210 | -5.5% |
| Amounts payable after more than one year | 17 | €146,381 | €132,056 | -€14,325 | -9.8% |
| Financial debts | 170/4 | €145,381 | €131,056 | -€14,325 | -9.9% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,740 | €148,405 | -€1,335 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €14,257 | €14,325 | +€68 | +0.5% |
| Trade debts | 44 | €2,777 | €1,624 | -€1,153 | -41.5% |
| Suppliers | 440/4 | €2,777 | €1,624 | -€1,153 | -41.5% |
| Other amounts payable | 47/48 | €132,706 | €132,456 | -€250 | -0.2% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,298 | €12,298 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,458 | €2,129 | -€329 | -13.4% |
| Gross operating margin | 9900 | €17,913 | €20,290 | +€2,377 | +13.3% |
| Operating profit (loss) | 9901 | €3,157 | €5,864 | +€2,707 | +85.7% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €4,039 | €3,642 | -€397 | -9.8% |
| Recurring financial charges | 65 | €4,039 | €3,642 | -€397 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€875 | €2,222 | +€3,097 | |
| Income taxes | 67/77 | - | €1,088 | +€1,088 | |
| Profit (loss) for the period | 9904 | -€875 | €1,134 | +€2,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€875 | €1,134 | +€2,009 |
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 11 October 2026 via checked.be.