VENDOR: 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.
VENDOR
Largest movements
- Current assets +€389,595
up €389,595 (+32.0%), from €1.2m to €1.6m
of which Receivables within one year: +€312,747
- Tangible fixed assets -€34,827
down €34,827 (-4.4%), from €799,178 to €764,351
- Reserves +€233,700
up €233,700 (+125%), from €186,910 to €420,610
- Debts +€133,254
up €133,254 (+8.3%), from €1.6m to €1.7m
- Turnover +€4.3m
new in 2020: €4.3m
- Gross operating margin -€1.4m
down €1.4m (-49.4%), from €2.8m to €1.4m
- Depreciation -€92,083
down €92,083 (-36.1%), from €255,409 to €163,326
- Taxes -€61,758
down €61,758 (-60.7%), from €101,758 to €40,000
From the 2018 result to the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,018,297 | €2,385,252 | +€366,955 | +18.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €799,571 | €776,930 | -€22,641 | -2.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €799,178 | €764,351 | -€34,827 | -4.4% |
| Financial fixed assets | 28 | €392 | €12,579 | +€12,187 | +3,108% |
| Current assets | 29/58 | €1,218,727 | €1,608,322 | +€389,595 | +32.0% |
| Stocks and contracts in progress | 3 | €129,999 | €207,217 | +€77,218 | +59.4% |
| Amounts receivable within one year | 40/41 | €935,510 | €1,248,257 | +€312,747 | +33.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €112,921 | €141,443 | +€28,522 | +25.3% |
| Total equity and liabilities | 10/49 | €2,018,297 | €2,385,252 | +€366,955 | +18.2% |
| Equity | 10/15 | €422,408 | €656,109 | +€233,701 | +55.3% |
| Contributions | 10/11 | €235,499 | €235,499 | +€0 | 0.0% |
| Reserves | 13 | €186,910 | €420,610 | +€233,700 | +125% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,595,889 | €1,729,143 | +€133,254 | +8.3% |
| Amounts payable within one year | 42/48 | €1,563,032 | €1,543,629 | -€19,403 | -1.2% |
| Trade debts | 44 | €688,331 | €696,964 | +€8,633 | +1.3% |
| Turnover | 70 | - | €4,338,793 | +€4.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,409 | €163,326 | -€92,083 | -36.1% |
| Gross operating margin | 9900 | €2,762,284 | €1,397,433 | -€1.4m | -49.4% |
| Operating profit (loss) | 9901 | €227,936 | €130,163 | -€97,773 | -42.9% |
| Recurring financial income | 75 | €2,501 | - | -€2,501 | |
| Recurring financial charges | 65 | €8,600 | €3,605 | -€4,995 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €221,837 | €126,558 | -€95,279 | -42.9% |
| Income taxes | 67/77 | €101,758 | €40,000 | -€61,758 | -60.7% |
| Profit (loss) for the period | 9904 | €123,073 | €86,558 | -€36,515 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,073 | €86,558 | -€36,515 | -29.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 30 June 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.