CAP INDIGO: 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.
CAP INDIGO
Largest movements
- Cash +€62,760
up €62,760 (+294.3%), from €21,326 to €84,086
mainly Other debts (+€274,883) and Net result for the year (+€106,544)
- Tangible fixed assets +€33,988
up €33,988 (+335.8%), from €10,121 to €44,109
of which Plant, machinery and equipment: +€35,836
- Receivables within one year -€15,533
down €15,533 (-60.8%), from €25,534 to €10,001
- Debts after one year -€298,142
no longer reported in 2025 (was €298,142)
- Other debts +€274,883
new in 2025: €274,883
- Profit (loss) carried forward +€106,543
up €106,543 (+38.9%), from -€273,841 to -€167,298
- Current portion of long-term debt -€8,285
no longer reported in 2025 (was €8,285)
- Tax, wage and social debts +€3,835
up €3,835 (+121.0%), from €3,170 to €7,005
- Gross operating margin +€74,549
up €74,549 (+151.1%), from €49,349 to €123,898
- Depreciation +€4,589
up €4,589 (+43.5%), from €10,556 to €15,145
- Other operating charges -€1,418
no longer reported in 2025 (was €1,418)
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,381 | €138,595 | +€81,214 | +141.5% |
| Fixed assets | 21/28 | €10,521 | €44,509 | +€33,988 | +323.0% |
| Tangible fixed assets | 22/27 | €10,121 | €44,109 | +€33,988 | +335.8% |
| Plant, machinery and equipment | 23 | - | €35,836 | +€35,836 | |
| Furniture and vehicles | 24 | - | €8,273 | +€8,273 | |
| Leasing and similar rights | 25 | €10,121 | - | -€10,121 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €46,860 | €94,086 | +€47,226 | +100.8% |
| Amounts receivable within one year | 40/41 | €25,534 | €10,001 | -€15,533 | -60.8% |
| Trade receivables | 40 | €25,534 | €10,001 | -€15,533 | -60.8% |
| Cash at bank and in hand | 54/58 | €21,326 | €84,086 | +€62,760 | +294.3% |
| Total equity and liabilities | 10/49 | €57,381 | €138,595 | +€81,214 | +141.5% |
| Equity | 10/15 | -€255,241 | -€148,698 | +€106,543 | +41.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€273,841 | -€167,298 | +€106,543 | +38.9% |
| Amounts payable | 17/49 | €312,622 | €287,293 | -€25,329 | -8.1% |
| Amounts payable after more than one year | 17 | €298,142 | - | -€298,142 | |
| Financial debts | 170/4 | €298,142 | - | -€298,142 | |
| Amounts payable within one year | 42/48 | €14,480 | €287,293 | +€272,813 | +1884.1% |
| Current portion of amounts payable after more than one year | 42 | €8,285 | - | -€8,285 | |
| Trade debts | 44 | €3,025 | €5,405 | +€2,380 | +78.7% |
| Suppliers | 440/4 | €3,025 | €5,405 | +€2,380 | +78.7% |
| Taxes, remuneration and social security | 45 | €3,170 | €7,005 | +€3,835 | +121.0% |
| Taxes | 450/3 | €3,170 | €7,005 | +€3,835 | +121.0% |
| Other amounts payable | 47/48 | - | €274,883 | +€274,883 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,556 | €15,145 | +€4,589 | +43.5% |
| Other operating charges | 640/8 | €1,418 | - | -€1,418 | |
| Gross operating margin | 9900 | €49,349 | €123,898 | +€74,549 | +151.1% |
| Operating profit (loss) | 9901 | €37,375 | €108,753 | +€71,378 | +191.0% |
| Financial charges | 65/66B | €437 | €1,498 | +€1,061 | +242.7% |
| Recurring financial charges | 65 | €437 | €1,498 | +€1,061 | +242.7% |
| Profit (loss) for the period before taxes | 9903 | €36,938 | €107,256 | +€70,318 | +190.4% |
| Income taxes | 67/77 | - | €712 | +€712 | |
| Profit (loss) for the period | 9904 | €36,938 | €106,544 | +€69,606 | +188.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,938 | €106,544 | +€69,606 | +188.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.