MVB 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.
MVB IMMO
Largest movements
- Stocks and contracts +€48,819
new in 2025: €48,819
- Tangible fixed assets +€18,901
up €18,901 (+1072.9%), from €1,762 to €20,662
of which Other tangible fixed assets: +€13,876
- Receivables within one year +€12,723
new in 2025: €12,723
of which Trade receivables: +€12,000
- Cash -€6,539
down €6,539 (-32.4%), from €20,207 to €13,669
mainly Stocks and contracts (-€48,819) and Debts after one year (-€26,774)
- Other debts +€81,619
up €81,619 (+985.4%), from €8,282 to €89,902
- Debts after one year -€26,774
down €26,774 (-12.3%), from €218,156 to €191,381
of which Financial debts: -€26,774
- Profit (loss) carried forward +€21,424
up €21,424 (+47.3%), from €45,281 to €66,706
- Tax, wage and social debts -€15,881
down €15,881 (-70.8%), from €22,416 to €6,535
of which Taxes: -€18,381
- Trade debts +€10,188
up €10,188 (+354.5%), from €2,874 to €13,061
- Gross operating margin -€22,578
down €22,578 (-35.6%), from €63,341 to €40,763
- Financial charges +€7,926
up €7,926 (+321.7%), from €2,464 to €10,389
- Taxes -€7,349
down €7,349 (-48.6%), from €15,126 to €7,777
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 | €325,769 | €400,021 | +€74,252 | +22.8% |
| Fixed assets | 21/28 | €305,562 | €324,462 | +€18,901 | +6.2% |
| Tangible fixed assets | 22/27 | €1,762 | €20,662 | +€18,901 | +1072.9% |
| Furniture and vehicles | 24 | €1,762 | €6,786 | +€5,025 | +285.2% |
| Other tangible fixed assets | 26 | - | €13,876 | +€13,876 | |
| Financial fixed assets | 28 | €303,800 | €303,800 | = | 0.0% |
| Current assets | 29/58 | €20,207 | €75,559 | +€55,352 | +273.9% |
| Stocks and contracts in progress | 3 | - | €48,819 | +€48,819 | |
| Stocks | 30/36 | - | €48,819 | +€48,819 | |
| Amounts receivable within one year | 40/41 | - | €12,723 | +€12,723 | |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | - | €723 | +€723 | |
| Cash at bank and in hand | 54/58 | €20,207 | €13,669 | -€6,539 | -32.4% |
| Deferred charges and accrued income | 490/1 | - | €348 | +€348 | |
| Total equity and liabilities | 10/49 | €325,769 | €400,021 | +€74,252 | +22.8% |
| Equity | 10/15 | €47,281 | €68,706 | +€21,424 | +45.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,281 | €66,706 | +€21,424 | +47.3% |
| Amounts payable | 17/49 | €278,488 | €331,316 | +€52,828 | +19.0% |
| Amounts payable after more than one year | 17 | €218,156 | €191,381 | -€26,774 | -12.3% |
| Financial debts | 170/4 | €174,056 | €147,281 | -€26,774 | -15.4% |
| Other amounts payable | 178/9 | €44,100 | €44,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,516 | €136,272 | +€76,756 | +129.0% |
| Current portion of amounts payable after more than one year | 42 | €25,944 | €26,774 | +€830 | +3.2% |
| Trade debts | 44 | €2,874 | €13,061 | +€10,188 | +354.5% |
| Suppliers | 440/4 | €2,874 | €13,061 | +€10,188 | +354.5% |
| Taxes, remuneration and social security | 45 | €22,416 | €6,535 | -€15,881 | -70.8% |
| Taxes | 450/3 | €22,416 | €4,035 | -€18,381 | -82.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €8,282 | €89,902 | +€81,619 | +985.4% |
| Accrued charges and deferred income | 492/3 | €816 | €3,663 | +€2,847 | +349.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €488 | +€454 | +1365.0% |
| Other operating charges | 640/8 | €437 | €685 | +€248 | +56.7% |
| Gross operating margin | 9900 | €63,341 | €40,763 | -€22,578 | -35.6% |
| Operating profit (loss) | 9901 | €62,871 | €39,591 | -€23,280 | -37.0% |
| Financial charges | 65/66B | €2,464 | €10,389 | +€7,926 | +321.7% |
| Recurring financial charges | 65 | €2,464 | €10,389 | +€7,926 | +321.7% |
| Profit (loss) for the period before taxes | 9903 | €60,407 | €29,201 | -€31,206 | -51.7% |
| Income taxes | 67/77 | €15,126 | €7,777 | -€7,349 | -48.6% |
| Profit (loss) for the period | 9904 | €45,281 | €21,424 | -€23,857 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,281 | €21,424 | -€23,857 | -52.7% |
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 3 October 2026 via checked.be.