MV IMMOBILIER: 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.
MV IMMOBILIER
Largest movements
- Receivables within one year +€47,754
up €47,754 (+2,746%), from €1,739 to €49,493
of which Other amounts receivable: +€49,332
- Tangible fixed assets -€7,600
down €7,600 (-2.1%), from €362,991 to €355,391
of which Land and buildings: -€7,408
- Debts after one year +€47,300
new in 2025: €47,300
- Other debts +€38,829
up €38,829 (+17.1%), from €227,428 to €266,257
- Current portion of long-term debt -€30,381
down €30,381 (-93.7%), from €32,414 to €2,033
- Profit (loss) carried forward -€12,086
down €12,086 (-159%), from -€7,609 to -€19,695
- Tax, wage and social debts -€5,138
down €5,138 (-99.1%), from €5,184 to €46
- Gross operating margin -€4,014
down €4,014 (-26.3%), from €15,271 to €11,257
- Financial charges -€2,796
down €2,796 (-62.1%), from €4,500 to €1,703
- Depreciation +€751
up €751 (+4.0%), from €18,611 to €19,363
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,007 | €405,460 | +€40,454 | +11.1% |
| Fixed assets | 21/28 | €362,991 | €355,391 | -€7,600 | -2.1% |
| Tangible fixed assets | 22/27 | €362,991 | €355,391 | -€7,600 | -2.1% |
| Land and buildings | 22 | €362,277 | €354,868 | -€7,408 | -2.0% |
| Plant, machinery and equipment | 23 | €715 | €523 | -€192 | -26.8% |
| Current assets | 29/58 | €2,015 | €50,069 | +€48,054 | +2,384% |
| Amounts receivable within one year | 40/41 | €1,739 | €49,493 | +€47,754 | +2,746% |
| Trade receivables | 40 | €1,739 | €161 | -€1,578 | -90.7% |
| Other amounts receivable | 41 | - | €49,332 | +€49,332 | |
| Deferred charges and accrued income | 490/1 | €276 | €576 | +€299 | +108% |
| Total equity and liabilities | 10/49 | €365,007 | €405,460 | +€40,454 | +11.1% |
| Equity | 10/15 | €97,165 | €85,079 | -€12,086 | -12.4% |
| Contributions | 10/11 | €19,774 | €19,774 | = | 0.0% |
| Reserves | 13 | €85,000 | €85,000 | = | 0.0% |
| Distributable reserves | 133 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,609 | -€19,695 | -€12,086 | -159% |
| Amounts payable | 17/49 | €267,842 | €320,381 | +€52,539 | +19.6% |
| Amounts payable after more than one year | 17 | - | €47,300 | +€47,300 | |
| Financial debts | 170/4 | - | €47,300 | +€47,300 | |
| Amounts payable within one year | 42/48 | €267,842 | €273,082 | +€5,240 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €32,414 | €2,033 | -€30,381 | -93.7% |
| Financial debts | 43 | €1,186 | €3,308 | +€2,121 | +179% |
| Other loans | 439 | €1,186 | €3,308 | +€2,121 | +179% |
| Trade debts | 44 | €1,630 | €1,437 | -€192 | -11.8% |
| Suppliers | 440/4 | €1,630 | €1,437 | -€192 | -11.8% |
| Taxes, remuneration and social security | 45 | €5,184 | €46 | -€5,138 | -99.1% |
| Taxes | 450/3 | €5,184 | €46 | -€5,138 | -99.1% |
| Other amounts payable | 47/48 | €227,428 | €266,257 | +€38,829 | +17.1% |
| Remuneration, social security and pensions | 62 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,611 | €19,363 | +€751 | +4.0% |
| Other operating charges | 640/8 | €2,263 | €2,276 | +€13 | +0.6% |
| Gross operating margin | 9900 | €15,271 | €11,257 | -€4,014 | -26.3% |
| Operating profit (loss) | 9901 | -€5,604 | -€10,382 | -€4,779 | -85.3% |
| Financial charges | 65/66B | €4,500 | €1,703 | -€2,796 | -62.1% |
| Recurring financial charges | 65 | €4,500 | €1,703 | -€2,796 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,103 | -€12,086 | -€1,982 | -19.6% |
| Profit (loss) for the period | 9904 | -€10,103 | -€12,086 | -€1,982 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,103 | -€12,086 | -€1,982 | -19.6% |
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 27 October 2026 via checked.be.