MV IMMO: what changed
Two fiscal 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.
MV IMMO
Largest movements
- Tangible fixed assets -€28,999
down €28,999 (-3.8%), from €760,231 to €731,232
of which Land and buildings: -€25,288
- Debts after one year -€20,091
down €20,091 (-4.3%), from €465,513 to €445,422
- Gross operating margin +€19,952
up €19,952 (+68.8%), from €28,996 to €48,948
- Financial charges +€3,712
up €3,712 (+19.3%), from €19,268 to €22,980
- Other operating charges -€523
down €523 (-28.8%), from €1,816 to €1,293
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 | €801,262 | €778,393 | -€22,869 | -2.9% |
| Fixed assets | 21/28 | €760,231 | €731,232 | -€28,999 | -3.8% |
| Tangible fixed assets | 22/27 | €760,231 | €731,232 | -€28,999 | -3.8% |
| Land and buildings | 22 | €689,713 | €664,425 | -€25,288 | -3.7% |
| Other tangible fixed assets | 26 | €70,518 | €66,807 | -€3,711 | -5.3% |
| Current assets | 29/58 | €41,031 | €47,161 | +€6,130 | +14.9% |
| Cash at bank and in hand | 54/58 | €38,904 | €44,434 | +€5,530 | +14.2% |
| Deferred charges and accrued income | 490/1 | €2,127 | €2,727 | +€600 | +28.2% |
| Total equity and liabilities | 10/49 | €801,262 | €778,393 | -€22,869 | -2.9% |
| Equity | 10/15 | -€20,117 | -€24,441 | -€4,324 | -21.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,117 | -€44,441 | -€4,324 | -10.8% |
| Amounts payable | 17/49 | €821,379 | €802,834 | -€18,545 | -2.3% |
| Amounts payable after more than one year | 17 | €465,513 | €445,422 | -€20,091 | -4.3% |
| Financial debts | 170/4 | €465,513 | €445,422 | -€20,091 | -4.3% |
| Amounts payable within one year | 42/48 | €355,866 | €357,412 | +€1,546 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €42,029 | €42,029 | = | 0.0% |
| Trade debts | 44 | - | €2,727 | +€2,727 | |
| Suppliers | 440/4 | - | €2,727 | +€2,727 | |
| Other amounts payable | 47/48 | €313,837 | €312,656 | -€1,181 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,999 | €28,999 | = | 0.0% |
| Other operating charges | 640/8 | €1,816 | €1,293 | -€523 | -28.8% |
| Gross operating margin | 9900 | €28,996 | €48,948 | +€19,952 | +68.8% |
| Operating profit (loss) | 9901 | -€1,819 | €18,656 | +€20,475 | |
| Financial charges | 65/66B | €19,268 | €22,980 | +€3,712 | +19.3% |
| Recurring financial charges | 65 | €19,268 | €22,980 | +€3,712 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,087 | -€4,324 | +€16,763 | +79.5% |
| Profit (loss) for the period | 9904 | -€21,087 | -€4,324 | +€16,763 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,087 | -€4,324 | +€16,763 | +79.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.