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MSV Immobilier: what changed

What changed

MSV Immobilier

BE 0777.260.604
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Financial years compared with
Net result for the year
-€10,740
2024 · €1,313-€12,052
Equity
-€15,771
2024 · -€5,032-€10,740
Cash
-
2024 · €33-€33
Balance sheet total
€2,626
2024 · €9,603-€6,977

Largest movements

2024 to 2025
Assets
  • 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

Equity and liabilities
  • 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

Income statement
  • 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

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 €1,313
Gross operating margin -€3,758
Other operating charges +€169
Other operating items -€9,000
Financial income +€56
Financial charges +€481
Result 2025 -€10,740
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations -€9,292
Investment +€9,000
Financing +€259
Cash 2024 €33
Net result for the year -€10,740
Receivables within one year -€2,056
Trade debts +€1,504
Other debts +€2,000
Investment in fixed assets (net) +€9,000
Short-term financial debts +€259
Cash 2025 €0
brings cash intakes cash out
Every line side by side 29 lines
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
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.