MVA 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.
MVA IMMO
Largest movements
- Stocks and contracts +€280,601
new in 2025: €280,601
- Cash -€3,481
down €3,481 (-77.4%), from €4,500 to €1,019
mainly Stocks and contracts (-€280,601) and Net result for the year (-€51,377)
- Debts after one year +€171,515
new in 2025: €171,515
- Other debts +€153,226
up €153,226 (+11,103%), from €1,380 to €154,606
- Profit (loss) carried forward -€51,377
down €51,377 (-1,749%), from -€2,938 to -€54,315
- Trade debts +€3,031
up €3,031 (+2,873%), from €106 to €3,136
- Gross operating margin -€16,014
down €16,014 (-927%), from -€1,728 to -€17,741
- Financial charges +€4,089
new in 2025: €4,089
- Other operating charges +€1,242
new in 2025: €1,242
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
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 | €4,500 | €281,620 | +€277,120 | +6,158% |
| Current assets | 29/58 | €4,500 | €281,620 | +€277,120 | +6,158% |
| Stocks and contracts in progress | 3 | - | €280,601 | +€280,601 | |
| Stocks | 30/36 | - | €280,601 | +€280,601 | |
| Cash at bank and in hand | 54/58 | €4,500 | €1,019 | -€3,481 | -77.4% |
| Total equity and liabilities | 10/49 | €4,500 | €281,620 | +€277,120 | +6,158% |
| Equity | 10/15 | €1,563 | -€49,815 | -€51,377 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Contributions outside capital | 11 | €4,500 | €4,500 | = | 0.0% |
| Other | 1109/19 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,938 | -€54,315 | -€51,377 | -1,749% |
| Amounts payable | 17/49 | €2,938 | €331,435 | +€328,497 | +11,183% |
| Amounts payable after more than one year | 17 | - | €171,515 | +€171,515 | |
| Financial debts | 170/4 | - | €171,515 | +€171,515 | |
| Amounts payable within one year | 42/48 | €1,486 | €157,742 | +€156,256 | +10,519% |
| Trade debts | 44 | €106 | €3,136 | +€3,031 | +2,873% |
| Suppliers | 440/4 | €106 | €3,136 | +€3,031 | +2,873% |
| Other amounts payable | 47/48 | €1,380 | €154,606 | +€153,226 | +11,103% |
| Accrued charges and deferred income | 492/3 | €1,452 | €2,178 | +€726 | +50.0% |
| Other operating charges | 640/8 | - | €1,242 | +€1,242 | |
| Non-recurring operating charges | 66A | €1,210 | €28,306 | +€27,096 | +2,239% |
| Gross operating margin | 9900 | -€1,728 | -€17,741 | -€16,014 | -927% |
| Operating profit (loss) | 9901 | -€2,938 | -€47,289 | -€44,351 | -1,510% |
| Financial charges | 65/66B | - | €4,089 | +€4,089 | |
| Recurring financial charges | 65 | - | €4,089 | +€4,089 | |
| Profit (loss) for the period before taxes | 9903 | -€2,938 | -€51,377 | -€48,440 | -1,649% |
| Profit (loss) for the period | 9904 | -€2,938 | -€51,377 | -€48,440 | -1,649% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,938 | -€51,377 | -€48,440 | -1,649% |
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 15 October 2026 via checked.be.