VINCELI: 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.
VINCELI
Largest movements
- Stocks and contracts +€4,916
up €4,916 (+98.3%), from €5,000 to €9,916
- Cash +€3,033
up €3,033 (+119.9%), from €2,529 to €5,562
mainly Depreciation (+€4,530) and Trade debts (+€4,052)
- Tangible fixed assets -€2,528
down €2,528 (-22.5%), from €11,220 to €8,692
of which Plant, machinery and equipment: -€1,848
- Receivables within one year +€2,446
new in 2021: €2,446
- Intangible fixed assets -€1,725
down €1,725 (-14.3%), from €12,075 to €10,350
- Profit (loss) carried forward +€7,641
up €7,641, from -€2,040 to €5,601
- Short-term financial debts -€5,119
down €5,119 (-74.6%), from €6,863 to €1,744
- Trade debts +€4,052
new in 2021: €4,052
- Turnover -€188,366
no longer reported in 2021 (was €188,366)
- Purchases and services -€8,351
down €8,351 (-4.7%), from €177,007 to €168,656
- Financial charges -€5,258
down €5,258 (-91.4%), from €5,750 to €492
- Gross operating margin -€2,012
down €2,012 (-17.7%), from €11,359 to €9,347
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,363 | €44,680 | +€6,317 | +16.5% |
| Fixed assets | 21/28 | €30,834 | €26,581 | -€4,253 | -13.8% |
| Intangible fixed assets | 21 | €12,075 | €10,350 | -€1,725 | -14.3% |
| Tangible fixed assets | 22/27 | €11,220 | €8,692 | -€2,528 | -22.5% |
| Plant, machinery and equipment | 23 | €7,389 | €5,541 | -€1,848 | -25.0% |
| Furniture and vehicles | 24 | €3,831 | €3,151 | -€680 | -17.7% |
| Financial fixed assets | 28 | €7,539 | €7,539 | = | 0.0% |
| Current assets | 29/58 | €7,529 | €18,099 | +€10,570 | +140.4% |
| Amounts receivable after more than one year | 29 | - | €175 | +€175 | |
| Other amounts receivable | 291 | - | €175 | +€175 | |
| Stocks and contracts in progress | 3 | €5,000 | €9,916 | +€4,916 | +98.3% |
| Stocks | 30/36 | €5,000 | €9,916 | +€4,916 | +98.3% |
| Amounts receivable within one year | 40/41 | - | €2,446 | +€2,446 | |
| Other amounts receivable | 41 | - | €2,446 | +€2,446 | |
| Cash at bank and in hand | 54/58 | €2,529 | €5,562 | +€3,033 | +119.9% |
| Total equity and liabilities | 10/49 | €38,363 | €44,680 | +€6,317 | +16.5% |
| Equity | 10/15 | €7,960 | €15,601 | +€7,641 | +96.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,040 | €5,601 | +€7,641 | |
| Amounts payable | 17/49 | €30,403 | €29,079 | -€1,324 | -4.4% |
| Amounts payable after more than one year | 17 | €23,283 | €23,283 | = | 0.0% |
| Financial debts | 170/4 | €23,283 | €23,283 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,120 | €5,796 | -€1,324 | -18.6% |
| Financial debts | 43 | €6,863 | €1,744 | -€5,119 | -74.6% |
| Credit institutions | 430/8 | €6,863 | €1,744 | -€5,119 | -74.6% |
| Trade debts | 44 | - | €4,052 | +€4,052 | |
| Suppliers | 440/4 | - | €4,052 | +€4,052 | |
| Other amounts payable | 47/48 | €257 | - | -€257 | |
| Turnover | 70 | €188,366 | - | -€188,366 | |
| Goods, raw materials, services and sundry goods | 60/61 | €177,007 | €168,656 | -€8,351 | -4.7% |
| Remuneration, social security and pensions | 62 | €175 | - | -€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,662 | €4,530 | -€1,132 | -20.0% |
| Other operating charges | 640/8 | €1,896 | €338 | -€1,558 | -82.2% |
| Gross operating margin | 9900 | €11,359 | €9,347 | -€2,012 | -17.7% |
| Operating profit (loss) | 9901 | €3,626 | €4,479 | +€853 | +23.5% |
| Financial income | 75/76B | €84 | - | -€84 | |
| Recurring financial income | 75 | €84 | - | -€84 | |
| Financial charges | 65/66B | €5,750 | €492 | -€5,258 | -91.4% |
| Recurring financial charges | 65 | €5,750 | €492 | -€5,258 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,040 | €3,987 | +€6,027 | |
| Profit (loss) for the period | 9904 | -€2,040 | €3,987 | +€6,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,040 | €3,987 | +€6,027 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.