MVT Properties: 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.
MVT Properties
Largest movements
- Tangible fixed assets -€48,490
down €48,490 (-2.3%), from €2.1m to €2.1m
of which Land and buildings: -€40,893
- Cash -€24,395
down €24,395 (-65.4%), from €37,285 to €12,890
mainly Debts after one year (-€106,879) and Trade debts (-€12,299)
- Debts after one year -€106,879
down €106,879 (-5.8%), from €1.8m to €1.7m
- Reserves +€35,868
up €35,868 (+51.7%), from €69,400 to €105,269
- Taxes +€1,810
new in 2025: €1,810
- Financial charges -€1,663
down €1,663 (-5.0%), from €33,104 to €31,441
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 | €2,167,141 | €2,094,251 | -€72,891 | -3.4% |
| Fixed assets | 21/28 | €2,114,599 | €2,066,109 | -€48,490 | -2.3% |
| Tangible fixed assets | 22/27 | €2,114,599 | €2,066,109 | -€48,490 | -2.3% |
| Land and buildings | 22 | €2,085,823 | €2,044,931 | -€40,893 | -2.0% |
| Plant, machinery and equipment | 23 | €1,397 | €698 | -€699 | -50.0% |
| Furniture and vehicles | 24 | €27,378 | €20,481 | -€6,898 | -25.2% |
| Current assets | 29/58 | €52,542 | €28,141 | -€24,401 | -46.4% |
| Amounts receivable within one year | 40/41 | €15,258 | €15,252 | -€6 | 0.0% |
| Trade receivables | 40 | €15,258 | €14,646 | -€611 | -4.0% |
| Other amounts receivable | 41 | - | €606 | +€606 | |
| Cash at bank and in hand | 54/58 | €37,285 | €12,890 | -€24,395 | -65.4% |
| Total equity and liabilities | 10/49 | €2,167,141 | €2,094,251 | -€72,891 | -3.4% |
| Equity | 10/15 | €71,400 | €107,269 | +€35,868 | +50.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €69,400 | €105,269 | +€35,868 | +51.7% |
| Distributable reserves | 133 | €69,400 | €105,269 | +€35,868 | +51.7% |
| Amounts payable | 17/49 | €2,095,741 | €1,986,982 | -€108,759 | -5.2% |
| Amounts payable after more than one year | 17 | €1,832,086 | €1,725,207 | -€106,879 | -5.8% |
| Financial debts | 170/4 | €1,832,086 | €1,725,207 | -€106,879 | -5.8% |
| Amounts payable within one year | 42/48 | €250,872 | €249,525 | -€1,347 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €105,202 | €106,879 | +€1,677 | +1.6% |
| Trade debts | 44 | €16,982 | €4,684 | -€12,299 | -72.4% |
| Suppliers | 440/4 | €16,982 | €4,684 | -€12,299 | -72.4% |
| Other amounts payable | 47/48 | €128,688 | €137,962 | +€9,274 | +7.2% |
| Accrued charges and deferred income | 492/3 | €12,783 | €12,250 | -€533 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,208 | €54,307 | +€98 | +0.2% |
| Other operating charges | 640/8 | €4,136 | €4,130 | -€7 | -0.2% |
| Gross operating margin | 9900 | €127,162 | €127,556 | +€394 | +0.3% |
| Operating profit (loss) | 9901 | €68,817 | €69,120 | +€303 | +0.4% |
| Financial charges | 65/66B | €33,104 | €31,441 | -€1,663 | -5.0% |
| Recurring financial charges | 65 | €33,104 | €31,441 | -€1,663 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €35,713 | €37,679 | +€1,966 | +5.5% |
| Income taxes | 67/77 | - | €1,810 | +€1,810 | |
| Profit (loss) for the period | 9904 | €35,713 | €35,868 | +€156 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,713 | €35,868 | +€156 | +0.4% |
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 9 October 2026 via checked.be.