MVH 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.
MVH IMMO
Largest movements
- Tangible fixed assets -€362,932
down €362,932 (-72.1%), from €503,324 to €140,392
of which Land and buildings: -€361,313
- Current investments +€100,000
new in 2025: €100,000
- Debts after one year -€350,000
down €350,000 (-100.0%), from €350,000 to €0
- Profit (loss) carried forward +€62,281
up €62,281 (+45.2%), from -€137,707 to -€75,426
- Trade debts +€23,945
up €23,945 (+185048.5%), from €13 to €23,958
- Gross operating margin +€111,717
up €111,717, from -€29,078 to €82,638
- Financial charges -€16,763
down €16,763 (-63.3%), from €26,483 to €9,720
- Depreciation -€13,235
down €13,235 (-64.6%), from €20,480 to €7,246
- Other operating charges -€5,734
down €5,734 (-62.0%), from €9,246 to €3,512
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 | €541,128 | €277,355 | -€263,774 | -48.7% |
| Fixed assets | 21/28 | €503,324 | €140,392 | -€362,932 | -72.1% |
| Tangible fixed assets | 22/27 | €503,324 | €140,392 | -€362,932 | -72.1% |
| Land and buildings | 22 | €500,297 | €138,984 | -€361,313 | -72.2% |
| Furniture and vehicles | 24 | €3,027 | €1,409 | -€1,619 | -53.5% |
| Current assets | 29/58 | €37,804 | €136,962 | +€99,158 | +262.3% |
| Amounts receivable within one year | 40/41 | €45 | €5,036 | +€4,990 | +10982.6% |
| Trade receivables | 40 | €45 | €0 | -€45 | -100.0% |
| Other amounts receivable | 41 | - | €5,036 | +€5,036 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €36,626 | €31,843 | -€4,783 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,133 | €84 | -€1,049 | -92.6% |
| Total equity and liabilities | 10/49 | €541,128 | €277,355 | -€263,774 | -48.7% |
| Equity | 10/15 | -€135,707 | -€73,426 | +€62,281 | +45.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,707 | -€75,426 | +€62,281 | +45.2% |
| Amounts payable | 17/49 | €676,835 | €350,781 | -€326,055 | -48.2% |
| Amounts payable after more than one year | 17 | €350,000 | €0 | -€350,000 | -100.0% |
| Financial debts | 170/4 | €350,000 | €0 | -€350,000 | -100.0% |
| Amounts payable within one year | 42/48 | €326,835 | €350,781 | +€23,945 | +7.3% |
| Trade debts | 44 | €13 | €23,958 | +€23,945 | +185048.5% |
| Suppliers | 440/4 | €13 | €23,958 | +€23,945 | +185048.5% |
| Other amounts payable | 47/48 | €326,822 | €326,822 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,480 | €7,246 | -€13,235 | -64.6% |
| Other operating charges | 640/8 | €9,246 | €3,512 | -€5,734 | -62.0% |
| Gross operating margin | 9900 | -€29,078 | €82,638 | +€111,717 | |
| Operating profit (loss) | 9901 | -€58,805 | €71,881 | +€130,686 | |
| Financial income | 75/76B | - | €120 | +€120 | |
| Recurring financial income | 75 | - | €120 | +€120 | |
| Financial charges | 65/66B | €26,483 | €9,720 | -€16,763 | -63.3% |
| Recurring financial charges | 65 | €26,483 | €9,720 | -€16,763 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | -€85,288 | €62,281 | +€147,569 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€85,288 | €62,281 | +€147,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,288 | €62,281 | +€147,569 |
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 6 October 2026 via checked.be.