MVV 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.
MVV IMMO
Largest movements
- Tangible fixed assets -€73,637
down €73,637 (-4.3%), from €1.7m to €1.6m
of which Land and buildings: -€108,592
- Cash +€26,629
up €26,629 (+10.3%), from €259,145 to €285,774
mainly Debts after one year (+€267,147) and Depreciation (+€80,908)
- Other debts -€300,000
no longer reported in 2025 (was €300,000)
- Debts after one year +€267,147
up €267,147 (+46.7%), from €572,207 to €839,354
- Profit (loss) carried forward -€23,914
down €23,914 (-23.1%), from -€103,691 to -€127,606
- Gross operating margin +€6,508
up €6,508 (+10.2%), from €63,564 to €70,072
- Other operating charges +€6,378
new in 2025: €6,378
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.
Derived cash bridge
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 | €2,002,030 | €1,947,776 | -€54,254 | -2.7% |
| Fixed assets | 21/28 | €1,739,934 | €1,659,026 | -€80,908 | -4.7% |
| Intangible fixed assets | 21 | €21,695 | €14,423 | -€7,272 | -33.5% |
| Tangible fixed assets | 22/27 | €1,718,239 | €1,644,602 | -€73,637 | -4.3% |
| Land and buildings | 22 | €1,718,239 | €1,609,647 | -€108,592 | -6.3% |
| Plant, machinery and equipment | 23 | - | €34,955 | +€34,955 | |
| Current assets | 29/58 | €262,096 | €288,751 | +€26,655 | +10.2% |
| Cash at bank and in hand | 54/58 | €259,145 | €285,774 | +€26,629 | +10.3% |
| Deferred charges and accrued income | 490/1 | €2,952 | €2,977 | +€25 | +0.9% |
| Total equity and liabilities | 10/49 | €2,002,030 | €1,947,776 | -€54,254 | -2.7% |
| Equity | 10/15 | €1,096,309 | €1,072,394 | -€23,914 | -2.2% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,691 | -€127,606 | -€23,914 | -23.1% |
| Amounts payable | 17/49 | €905,721 | €875,382 | -€30,339 | -3.3% |
| Amounts payable after more than one year | 17 | €572,207 | €839,354 | +€267,147 | +46.7% |
| Financial debts | 170/4 | €572,207 | €839,354 | +€267,147 | +46.7% |
| Amounts payable within one year | 42/48 | €332,489 | €32,853 | -€299,636 | -90.1% |
| Current portion of amounts payable after more than one year | 42 | €32,489 | €32,853 | +€364 | +1.1% |
| Other amounts payable | 47/48 | €300,000 | - | -€300,000 | |
| Accrued charges and deferred income | 492/3 | €1,025 | €3,175 | +€2,150 | +210% |
| Non-recurring operating income | 76A | - | €308 | +€308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,908 | €80,908 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €6,378 | +€6,378 | |
| Gross operating margin | 9900 | €63,564 | €70,072 | +€6,508 | +10.2% |
| Operating profit (loss) | 9901 | -€17,344 | -€17,214 | +€130 | +0.7% |
| Financial charges | 65/66B | €7,076 | €6,701 | -€375 | -5.3% |
| Recurring financial charges | 65 | €7,076 | €6,701 | -€375 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,420 | -€23,914 | +€505 | +2.1% |
| Profit (loss) for the period | 9904 | -€24,420 | -€23,914 | +€505 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,420 | -€23,914 | +€505 | +2.1% |
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 15 October 2026 via checked.be.