MSV Immobilier: what changed
MSV Immobilier
Largest movements
- Financial fixed assets -€9,000
down €9,000 (-100%), from €9,000 to €0
- Receivables within one year +€2,056
up €2,056 (+360%), from €570 to €2,626
- Profit (loss) carried forward -€10,740
down €10,740 (-153%), from -€7,032 to -€17,771
- Other debts +€2,000
up €2,000 (+13.7%), from €14,635 to €16,635
- Trade debts +€1,504
new in 2025: €1,504
- Short-term financial debts +€259
new in 2025: €259
- Gross operating margin -€3,758
down €3,758, from €2,254 to -€1,504
- Financial charges -€481
down €481 (-62.3%), from €773 to €292
- Other operating charges -€169
no longer reported in 2025 (was €169)
- Financial income +€56
new in 2025: €56
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,603 | €2,626 | -€6,977 | -72.7% |
| Fixed assets | 21/28 | €9,000 | €0 | -€9,000 | -100% |
| Financial fixed assets | 28 | €9,000 | €0 | -€9,000 | -100% |
| Current assets | 29/58 | €603 | €2,626 | +€2,023 | +335% |
| Amounts receivable within one year | 40/41 | €570 | €2,626 | +€2,056 | +360% |
| Other amounts receivable | 41 | €570 | €2,626 | +€2,056 | +360% |
| Cash at bank and in hand | 54/58 | €33 | - | -€33 | |
| Total equity and liabilities | 10/49 | €9,603 | €2,626 | -€6,977 | -72.7% |
| Equity | 10/15 | -€5,032 | -€15,771 | -€10,740 | -213% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,032 | -€17,771 | -€10,740 | -153% |
| Amounts payable | 17/49 | €14,635 | €18,397 | +€3,762 | +25.7% |
| Amounts payable within one year | 42/48 | €14,635 | €18,397 | +€3,762 | +25.7% |
| Financial debts | 43 | - | €259 | +€259 | |
| Credit institutions | 430/8 | - | €259 | +€259 | |
| Trade debts | 44 | - | €1,504 | +€1,504 | |
| Suppliers | 440/4 | - | €1,504 | +€1,504 | |
| Other amounts payable | 47/48 | €14,635 | €16,635 | +€2,000 | +13.7% |
| Other operating charges | 640/8 | €169 | - | -€169 | |
| Non-recurring operating charges | 66A | - | €9,000 | +€9,000 | |
| Gross operating margin | 9900 | €2,254 | -€1,504 | -€3,758 | |
| Operating profit (loss) | 9901 | €2,086 | -€10,504 | -€12,589 | |
| Financial income | 75/76B | - | €56 | +€56 | |
| Recurring financial income | 75 | - | €56 | +€56 | |
| Financial charges | 65/66B | €773 | €292 | -€481 | -62.3% |
| Recurring financial charges | 65 | €773 | €292 | -€481 | -62.3% |
| Profit (loss) for the period before taxes | 9903 | €1,313 | -€10,740 | -€12,052 | |
| Profit (loss) for the period | 9904 | €1,313 | -€10,740 | -€12,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,313 | -€10,740 | -€12,052 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.