MVDB 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.
MVDB IMMO
Largest movements
- Tangible fixed assets -€42,922
down €42,922 (-2.6%), from €1.6m to €1.6m
of which Land and buildings: -€42,491
- Debts after one year -€119,818
down €119,818 (-12.1%), from €992,344 to €872,527
- Profit (loss) carried forward +€92,114
up €92,114 (+20.8%), from €442,024 to €534,138
- Gross operating margin +€6,028
up €6,028 (+3.2%), from €188,204 to €194,233
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 | €1,669,710 | €1,631,289 | -€38,421 | -2.3% |
| Fixed assets | 21/28 | €1,632,422 | €1,589,499 | -€42,922 | -2.6% |
| Tangible fixed assets | 22/27 | €1,632,422 | €1,589,499 | -€42,922 | -2.6% |
| Land and buildings | 22 | €1,630,220 | €1,587,729 | -€42,491 | -2.6% |
| Other tangible fixed assets | 26 | - | €1,771 | +€1,771 | |
| Assets under construction and advance payments | 27 | €2,202 | - | -€2,202 | |
| Current assets | 29/58 | €37,288 | €41,789 | +€4,501 | +12.1% |
| Amounts receivable within one year | 40/41 | €18,802 | €19,407 | +€606 | +3.2% |
| Trade receivables | 40 | €18,802 | €19,407 | +€606 | +3.2% |
| Cash at bank and in hand | 54/58 | €18,487 | €22,382 | +€3,895 | +21.1% |
| Total equity and liabilities | 10/49 | €1,669,710 | €1,631,289 | -€38,421 | -2.3% |
| Equity | 10/15 | €462,484 | €554,598 | +€92,114 | +19.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €442,024 | €534,138 | +€92,114 | +20.8% |
| Amounts payable | 17/49 | €1,207,226 | €1,076,691 | -€130,535 | -10.8% |
| Amounts payable after more than one year | 17 | €992,344 | €872,527 | -€119,818 | -12.1% |
| Financial debts | 170/4 | €992,344 | €872,527 | -€119,818 | -12.1% |
| Amounts payable within one year | 42/48 | €214,881 | €204,164 | -€10,717 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €118,393 | €119,818 | +€1,424 | +1.2% |
| Trade debts | 44 | €14,488 | €180 | -€14,308 | -98.8% |
| Suppliers | 440/4 | €14,488 | €180 | -€14,308 | -98.8% |
| Taxes, remuneration and social security | 45 | €8,361 | €9,998 | +€1,636 | +19.6% |
| Taxes | 450/3 | €8,361 | €9,998 | +€1,636 | +19.6% |
| Other amounts payable | 47/48 | €73,639 | €74,169 | +€530 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,922 | €42,922 | +€0 | 0.0% |
| Other operating charges | 640/8 | €17,886 | €18,446 | +€560 | +3.1% |
| Gross operating margin | 9900 | €188,204 | €194,233 | +€6,028 | +3.2% |
| Operating profit (loss) | 9901 | €127,396 | €132,864 | +€5,468 | +4.3% |
| Financial charges | 65/66B | €11,281 | €9,913 | -€1,368 | -12.1% |
| Recurring financial charges | 65 | €11,281 | €9,913 | -€1,368 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €116,115 | €122,951 | +€6,836 | +5.9% |
| Income taxes | 67/77 | €29,361 | €30,838 | +€1,476 | +5.0% |
| Profit (loss) for the period | 9904 | €86,754 | €92,114 | +€5,360 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,754 | €92,114 | +€5,360 | +6.2% |
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 11 October 2026 via checked.be.