M.V.M 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.M immo
Largest movements
- Current investments +€59,000
new in 2025: €59,000
- Cash -€17,876
down €17,876 (-24.7%), from €72,468 to €54,592
mainly Current investments (-€59,000) and Receivables within one year (-€9,567)
- Receivables within one year +€9,567
up €9,567 (+126%), from €7,571 to €17,138
of which Trade receivables: +€8,324
- Deferred charges and accrued income -€1,845
down €1,845 (-94.9%), from €1,945 to €99
- Profit (loss) carried forward +€37,483
up €37,483 (+56.6%), from €66,247 to €103,730
- Tax, wage and social debts +€8,223
up €8,223 (+56.9%), from €14,456 to €22,679
- Trade debts +€2,879
up €2,879 (+198%), from €1,453 to €4,332
- Gross operating margin +€4,363
up €4,363 (+8.7%), from €50,359 to €54,722
- Taxes +€1,695
up €1,695 (+13.5%), from €12,575 to €14,270
- Financial charges +€600
up €600 (+38.8%), from €1,548 to €2,148
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 | €82,656 | €131,240 | +€48,585 | +58.8% |
| Fixed assets | 21/28 | €671 | €411 | -€260 | -38.7% |
| Tangible fixed assets | 22/27 | €671 | €411 | -€260 | -38.7% |
| Furniture and vehicles | 24 | €671 | €411 | -€260 | -38.7% |
| Current assets | 29/58 | €81,984 | €130,829 | +€48,845 | +59.6% |
| Amounts receivable within one year | 40/41 | €7,571 | €17,138 | +€9,567 | +126% |
| Trade receivables | 40 | €3,448 | €11,772 | +€8,324 | +241% |
| Other amounts receivable | 41 | €4,124 | €5,366 | +€1,242 | +30.1% |
| Current investments | 50/53 | - | €59,000 | +€59,000 | |
| Cash at bank and in hand | 54/58 | €72,468 | €54,592 | -€17,876 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,945 | €99 | -€1,845 | -94.9% |
| Total equity and liabilities | 10/49 | €82,656 | €131,240 | +€48,585 | +58.8% |
| Equity | 10/15 | €66,747 | €104,230 | +€37,483 | +56.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,247 | €103,730 | +€37,483 | +56.6% |
| Amounts payable | 17/49 | €15,908 | €27,010 | +€11,102 | +69.8% |
| Amounts payable within one year | 42/48 | €15,908 | €27,010 | +€11,102 | +69.8% |
| Trade debts | 44 | €1,453 | €4,332 | +€2,879 | +198% |
| Suppliers | 440/4 | €1,453 | €4,332 | +€2,879 | +198% |
| Taxes, remuneration and social security | 45 | €14,456 | €22,679 | +€8,223 | +56.9% |
| Taxes | 450/3 | €14,456 | €22,679 | +€8,223 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109 | €260 | +€151 | +139% |
| Other operating charges | 640/8 | €1,302 | €819 | -€483 | -37.1% |
| Gross operating margin | 9900 | €50,359 | €54,722 | +€4,363 | +8.7% |
| Operating profit (loss) | 9901 | €48,948 | €53,643 | +€4,695 | +9.6% |
| Financial income | 75/76B | €231 | €257 | +€26 | +11.2% |
| Recurring financial income | 75 | €231 | €257 | +€26 | +11.2% |
| Financial charges | 65/66B | €1,548 | €2,148 | +€600 | +38.8% |
| Recurring financial charges | 65 | €1,548 | €2,148 | +€600 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €47,632 | €51,753 | +€4,121 | +8.7% |
| Income taxes | 67/77 | €12,575 | €14,270 | +€1,695 | +13.5% |
| Profit (loss) for the period | 9904 | €35,057 | €37,483 | +€2,426 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,057 | €37,483 | +€2,426 | +6.9% |
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 23 October 2026 via checked.be.