Vincere Consulting: 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.
Vincere Consulting
Largest movements
- Tangible fixed assets +€471,912
up €471,912 (+257%), from €183,772 to €655,684
- Current assets +€263,923
up €263,923 (+22.6%), from €1.2m to €1.4m
- Equity +€545,443
up €545,443 (+32.0%), from €1.7m to €2.3m
of which Reserves: +€936,698
- Debts after one year +€300,067
up €300,067 (+1,021%), from €29,377 to €329,444
- Debts within one year -€109,675
down €109,675 (-39.6%), from €277,019 to €167,344
- Gross operating margin -€28,828
down €28,828 (-3.2%), from €892,107 to €863,279
- Taxes -€12,867
down €12,867 (-4.6%), from €278,458 to €265,590
From the 2019 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
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,118 | €2,748,954 | +€735,835 | +36.6% |
| Fixed assets | 21/28 | €843,772 | €1,315,684 | +€471,912 | +55.9% |
| Tangible fixed assets | 22/27 | €183,772 | €655,684 | +€471,912 | +257% |
| Financial fixed assets | 28 | €660,000 | €660,000 | = | 0.0% |
| Current assets | 29/58 | €1,169,346 | €1,433,269 | +€263,923 | +22.6% |
| Amounts receivable within one year | 40/41 | €139,465 | €105,190 | -€34,275 | -24.6% |
| Current investments | 50/53 | €14,724 | €79,825 | +€65,101 | +442% |
| Cash at bank and in hand | 54/58 | €429,351 | €448,363 | +€19,012 | +4.4% |
| Total equity and liabilities | 10/49 | €2,013,118 | €2,748,954 | +€735,835 | +36.6% |
| Equity | 10/15 | €1,706,723 | €2,252,166 | +€545,443 | +32.0% |
| Contributions | 10/11 | €100,200 | - | -€100,200 | |
| Reserves | 13 | €1,214,302 | €2,151,000 | +€936,698 | +77.1% |
| Profit (loss) carried forward | 14 | €392,220 | €966 | -€391,254 | -99.8% |
| Amounts payable | 17/49 | €306,396 | €496,788 | +€190,392 | +62.1% |
| Amounts payable after more than one year | 17 | €29,377 | €329,444 | +€300,067 | +1,021% |
| Amounts payable within one year | 42/48 | €277,019 | €167,344 | -€109,675 | -39.6% |
| Trade debts | 44 | €60,352 | €68,656 | +€8,304 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,565 | €12,513 | +€6,949 | +125% |
| Gross operating margin | 9900 | €892,107 | €863,279 | -€28,828 | -3.2% |
| Operating profit (loss) | 9901 | €884,723 | €848,725 | -€35,999 | -4.1% |
| Recurring financial income | 75 | €11,132 | €16,262 | +€5,130 | +46.1% |
| Recurring financial charges | 65 | €135,487 | €53,953 | -€81,534 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €760,368 | €811,034 | +€50,666 | +6.7% |
| Income taxes | 67/77 | €278,458 | €265,590 | -€12,867 | -4.6% |
| Profit (loss) for the period | 9904 | €481,910 | €545,443 | +€63,533 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €481,910 | €545,443 | +€63,533 | +13.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2019 and 30 June 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.