MVE 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.
MVE IMMO
Largest movements
- Tangible fixed assets -€14,033
down €14,033 (-8.3%), from €169,446 to €155,413
of which Land and buildings: -€13,844
- Debts after one year -€19,579
down €19,579 (-17.7%), from €110,736 to €91,157
of which Financial debts: -€15,588
- Reserves +€12,849
up €12,849 (+19.9%), from €64,565 to €77,413
- Current portion of long-term debt -€7,549
down €7,549 (-30.8%), from €24,519 to €16,970
- Gross operating margin -€4,409
down €4,409 (-9.2%), from €48,168 to €43,758
- Depreciation -€3,007
down €3,007 (-14.8%), from €20,253 to €17,246
- Financial charges -€1,391
down €1,391 (-20.5%), from €6,795 to €5,404
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 | €210,438 | €194,354 | -€16,084 | -7.6% |
| Fixed assets | 21/28 | €169,446 | €155,413 | -€14,033 | -8.3% |
| Tangible fixed assets | 22/27 | €169,446 | €155,413 | -€14,033 | -8.3% |
| Land and buildings | 22 | €155,879 | €142,035 | -€13,844 | -8.9% |
| Other tangible fixed assets | 26 | €13,567 | €13,378 | -€189 | -1.4% |
| Current assets | 29/58 | €40,992 | €38,942 | -€2,050 | -5.0% |
| Amounts receivable within one year | 40/41 | €30,202 | €28,222 | -€1,981 | -6.6% |
| Trade receivables | 40 | €30,202 | €28,222 | -€1,981 | -6.6% |
| Cash at bank and in hand | 54/58 | €9,340 | €10,716 | +€1,376 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,449 | €4 | -€1,445 | -99.7% |
| Total equity and liabilities | 10/49 | €210,438 | €194,354 | -€16,084 | -7.6% |
| Equity | 10/15 | €64,565 | €77,413 | +€12,849 | +19.9% |
| Reserves | 13 | €64,565 | €77,413 | +€12,849 | +19.9% |
| Distributable reserves | 133 | €64,565 | €77,413 | +€12,849 | +19.9% |
| Amounts payable | 17/49 | €145,873 | €116,941 | -€28,932 | -19.8% |
| Amounts payable after more than one year | 17 | €110,736 | €91,157 | -€19,579 | -17.7% |
| Financial debts | 170/4 | €96,372 | €80,783 | -€15,588 | -16.2% |
| Other amounts payable | 178/9 | €14,364 | €10,373 | -€3,991 | -27.8% |
| Amounts payable within one year | 42/48 | €33,340 | €25,784 | -€7,556 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €24,519 | €16,970 | -€7,549 | -30.8% |
| Trade debts | 44 | €391 | €402 | +€11 | +2.8% |
| Suppliers | 440/4 | €391 | €402 | +€11 | +2.8% |
| Taxes, remuneration and social security | 45 | €6,597 | €6,579 | -€18 | -0.3% |
| Taxes | 450/3 | €6,597 | €6,579 | -€18 | -0.3% |
| Other amounts payable | 47/48 | €1,833 | €1,833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,797 | - | -€1,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,253 | €17,246 | -€3,007 | -14.8% |
| Other operating charges | 640/8 | €2,007 | €1,681 | -€326 | -16.2% |
| Gross operating margin | 9900 | €48,168 | €43,758 | -€4,409 | -9.2% |
| Operating profit (loss) | 9901 | €25,909 | €24,832 | -€1,077 | -4.2% |
| Financial income | 75/76B | €390 | - | -€390 | |
| Recurring financial income | 75 | €390 | - | -€390 | |
| Financial charges | 65/66B | €6,795 | €5,404 | -€1,391 | -20.5% |
| Recurring financial charges | 65 | €6,795 | €5,404 | -€1,391 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €19,504 | €19,428 | -€76 | -0.4% |
| Income taxes | 67/77 | €6,597 | €6,579 | -€18 | -0.3% |
| Profit (loss) for the period | 9904 | €12,907 | €12,849 | -€58 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,907 | €12,849 | -€58 | -0.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.