VINCA: 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.
VINCA
Largest movements
- Tangible fixed assets +€333,041
up €333,041 (+55.3%), from €602,603 to €935,644
- Current assets -€266,349
down €266,349 (-43.4%), from €614,112 to €347,763
of which Stocks and contracts: -€226,524
- Financial fixed assets -€171,432
down €171,432 (-18.0%), from €951,380 to €779,948
- Debts -€236,993
down €236,993 (-11.9%), from €2.0m to €1.7m
of which Debts within one year: -€468,520
- Reserves +€133,000
up €133,000 (+79.5%), from €167,230 to €300,230
- Gross operating margin +€187,989
up €187,989 (+105.5%), from €178,165 to €366,154
- Depreciation +€47,344
up €47,344 (+99.1%), from €47,780 to €95,124
- Taxes +€45,194
up €45,194 (+152.8%), from €29,581 to €74,774
From the 2010 result to the 2011 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,168,095 | €2,063,355 | -€104,740 | -4.8% |
| Fixed assets | 21/28 | €1,553,983 | €1,715,591 | +€161,609 | +10.4% |
| Tangible fixed assets | 22/27 | €602,603 | €935,644 | +€333,041 | +55.3% |
| Financial fixed assets | 28 | €951,380 | €779,948 | -€171,432 | -18.0% |
| Current assets | 29/58 | €614,112 | €347,763 | -€266,349 | -43.4% |
| Stocks and contracts in progress | 3 | €226,524 | - | -€226,524 | |
| Amounts receivable within one year | 40/41 | €210,734 | €144,007 | -€66,726 | -31.7% |
| Cash at bank and in hand | 54/58 | €165,345 | €196,037 | +€30,693 | +18.6% |
| Total equity and liabilities | 10/49 | €2,168,095 | €2,063,355 | -€104,740 | -4.8% |
| Equity | 10/15 | €181,378 | €313,632 | +€132,254 | +72.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €167,230 | €300,230 | +€133,000 | +79.5% |
| Profit (loss) carried forward | 14 | €1,748 | €1,002 | -€746 | -42.7% |
| Amounts payable | 17/49 | €1,986,716 | €1,749,723 | -€236,993 | -11.9% |
| Amounts payable after more than one year | 17 | €703,783 | €951,732 | +€247,949 | +35.2% |
| Amounts payable within one year | 42/48 | €1,254,186 | €785,666 | -€468,520 | -37.4% |
| Trade debts | 44 | €4,771 | €5,061 | +€290 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,780 | €95,124 | +€47,344 | +99.1% |
| Gross operating margin | 9900 | €178,165 | €366,154 | +€187,989 | +105.5% |
| Operating profit (loss) | 9901 | €125,705 | €265,358 | +€139,653 | +111.1% |
| Recurring financial income | 75 | €27 | €40 | +€13 | +45.7% |
| Recurring financial charges | 65 | €47,454 | €58,441 | +€10,986 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €78,278 | €207,028 | +€128,750 | +164.5% |
| Income taxes | 67/77 | €29,581 | €74,774 | +€45,194 | +152.8% |
| Profit (loss) for the period | 9904 | €48,698 | €132,254 | +€83,556 | +171.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,698 | €132,254 | +€83,556 | +171.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.