Vulcast: 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.
Vulcast
Largest movements
- Tangible fixed assets -€574,114
down €574,114 (-20.3%), from €2.8m to €2.2m
- Current assets -€87,622
down €87,622 (-1.9%), from €4.7m to €4.6m
of which Receivables within one year: -€625,511
- Debts -€621,670
down €621,670 (-10.1%), from €6.1m to €5.5m
of which Debts within one year: -€2.6m
- Provisions -€151,733
down €151,733 (-40.7%), from €372,471 to €220,738
- Profit (loss) carried forward +€136,668
up €136,668 (+28.4%), from -€481,275 to -€344,607
- Turnover -€1.0m
down €1.0m (-9.5%), from €10.5m to €9.5m
- Taxes -€127,178
down €127,178 (-92.3%), from €137,829 to €10,651
From the 2018 result to the 2019 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 | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,485,337 | €6,848,602 | -€636,736 | -8.5% |
| Fixed assets | 21/28 | €2,832,826 | €2,283,713 | -€549,114 | -19.4% |
| Tangible fixed assets | 22/27 | €2,821,826 | €2,247,713 | -€574,114 | -20.3% |
| Financial fixed assets | 28 | €11,000 | €36,000 | +€25,000 | +227.3% |
| Current assets | 29/58 | €4,652,511 | €4,564,889 | -€87,622 | -1.9% |
| Stocks and contracts in progress | 3 | €1,753,413 | €1,436,861 | -€316,552 | -18.1% |
| Amounts receivable within one year | 40/41 | €1,734,106 | €1,108,595 | -€625,511 | -36.1% |
| Cash at bank and in hand | 54/58 | €25 | €223,632 | +€223,606 | +886271.5% |
| Total equity and liabilities | 10/49 | €7,485,337 | €6,848,602 | -€636,736 | -8.5% |
| Equity | 10/15 | €963,102 | €1,099,770 | +€136,668 | +14.2% |
| Contributions | 10/11 | €1,395,814 | €1,395,814 | = | 0.0% |
| Reserves | 13 | €48,563 | €48,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€481,275 | -€344,607 | +€136,668 | +28.4% |
| Provisions and deferred taxes | 16 | €372,471 | €220,738 | -€151,733 | -40.7% |
| Amounts payable | 17/49 | €6,149,764 | €5,528,094 | -€621,670 | -10.1% |
| Amounts payable after more than one year | 17 | €21,582 | €2,007,816 | +€2.0m | +9203.0% |
| Amounts payable within one year | 42/48 | €6,107,931 | €3,490,222 | -€2.6m | -42.9% |
| Trade debts | 44 | €1,867,978 | €2,156,486 | +€288,508 | +15.4% |
| Turnover | 70 | €10,522,052 | €9,521,984 | -€1.0m | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €768,884 | €704,937 | -€63,947 | -8.3% |
| Operating profit (loss) | 9901 | -€3,475,842 | -€2,407,506 | +€1.1m | +30.7% |
| Recurring financial income | 75 | €15,120 | €21,980 | +€6,860 | +45.4% |
| Recurring financial charges | 65 | €192,095 | €59,465 | -€132,631 | -69.0% |
| Debt charges | 650 | €183,587 | €48,837 | -€134,750 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €2,347,182 | €147,319 | -€2.2m | -93.7% |
| Income taxes | 67/77 | €137,829 | €10,651 | -€127,178 | -92.3% |
| Profit (loss) for the period | 9904 | €2,209,354 | €136,668 | -€2.1m | -93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,209,354 | €136,668 | -€2.1m | -93.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.