MIVA 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.
MIVA IMMO
Largest movements
- Tangible fixed assets -€74,790
down €74,790 (-7.9%), from €949,764 to €874,973
of which Land and buildings: -€45,494
- Cash +€74,142
up €74,142 (+115.5%), from €64,180 to €138,322
mainly Net result for the year (+€85,894) and Depreciation (+€75,116)
- Receivables within one year +€10,449
new in 2025: €10,449
- Reserves +€85,894
up €85,894 (+46.7%), from €183,784 to €269,678
- Debts after one year -€70,545
down €70,545 (-14.2%), from €497,046 to €426,501
- Current portion of long-term debt -€21,628
down €21,628 (-21.7%), from €99,618 to €77,990
- Accrued charges and deferred income +€13,575
new in 2025: €13,575
- Gross operating margin +€95,188
up €95,188 (+73.0%), from €130,353 to €225,541
- Taxes +€30,643
new in 2025: €30,643
- Financial charges +€12,903
up €12,903 (+184.3%), from €7,001 to €19,904
- Depreciation -€12,511
down €12,511 (-14.3%), from €87,627 to €75,116
- Other operating charges -€7,372
down €7,372 (-34.5%), from €21,358 to €13,986
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 | €1,014,341 | €1,024,102 | +€9,761 | +1.0% |
| Formation expenses | 20 | €397 | €72 | -€326 | -82.0% |
| Fixed assets | 21/28 | €949,764 | €874,973 | -€74,790 | -7.9% |
| Tangible fixed assets | 22/27 | €949,764 | €874,973 | -€74,790 | -7.9% |
| Land and buildings | 22 | €813,334 | €767,840 | -€45,494 | -5.6% |
| Plant, machinery and equipment | 23 | €14,140 | €12,115 | -€2,025 | -14.3% |
| Furniture and vehicles | 24 | €3,804 | €1,351 | -€2,453 | -64.5% |
| Leasing and similar rights | 25 | €21,512 | €9,062 | -€12,450 | -57.9% |
| Other tangible fixed assets | 26 | €96,974 | €84,605 | -€12,369 | -12.8% |
| Current assets | 29/58 | €64,180 | €149,057 | +€84,877 | +132.2% |
| Amounts receivable within one year | 40/41 | - | €10,449 | +€10,449 | |
| Trade receivables | 40 | - | €10,449 | +€10,449 | |
| Cash at bank and in hand | 54/58 | €64,180 | €138,322 | +€74,142 | +115.5% |
| Deferred charges and accrued income | 490/1 | - | €286 | +€286 | |
| Total equity and liabilities | 10/49 | €1,014,341 | €1,024,102 | +€9,761 | +1.0% |
| Equity | 10/15 | €213,784 | €299,678 | +€85,894 | +40.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €183,784 | €269,678 | +€85,894 | +46.7% |
| Distributable reserves | 133 | €183,784 | €269,678 | +€85,894 | +46.7% |
| Amounts payable | 17/49 | €800,557 | €724,424 | -€76,133 | -9.5% |
| Amounts payable after more than one year | 17 | €497,046 | €426,501 | -€70,545 | -14.2% |
| Financial debts | 170/4 | €497,046 | €426,501 | -€70,545 | -14.2% |
| Amounts payable within one year | 42/48 | €303,511 | €284,348 | -€19,163 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €99,618 | €77,990 | -€21,628 | -21.7% |
| Trade debts | 44 | €2,474 | €197 | -€2,277 | -92.0% |
| Suppliers | 440/4 | €2,474 | €197 | -€2,277 | -92.0% |
| Taxes, remuneration and social security | 45 | €6,549 | €15,183 | +€8,634 | +131.8% |
| Taxes | 450/3 | €6,549 | €15,183 | +€8,634 | +131.8% |
| Other amounts payable | 47/48 | €194,870 | €190,978 | -€3,892 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €13,575 | +€13,575 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,627 | €75,116 | -€12,511 | -14.3% |
| Other operating charges | 640/8 | €21,358 | €13,986 | -€7,372 | -34.5% |
| Gross operating margin | 9900 | €130,353 | €225,541 | +€95,188 | +73.0% |
| Operating profit (loss) | 9901 | €21,369 | €136,440 | +€115,071 | +538.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €7,001 | €19,904 | +€12,903 | +184.3% |
| Recurring financial charges | 65 | €7,001 | €19,904 | +€12,903 | +184.3% |
| Profit (loss) for the period before taxes | 9903 | €14,368 | €116,538 | +€102,169 | +711.1% |
| Income taxes | 67/77 | - | €30,643 | +€30,643 | |
| Profit (loss) for the period | 9904 | €14,368 | €85,894 | +€71,526 | +497.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,368 | €85,894 | +€71,526 | +497.8% |
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.