INDIGO: 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.
INDIGO
Largest movements
- Financial fixed assets -€920,000
down €920,000 (-92.0%), from €1.0m to €80,525
- Receivables within one year +€11,514
up €11,514 (+2,175%), from €529 to €12,043
of which Trade receivables: +€12,000
- Contributions -€700,000
down €700,000 (-49.9%), from €1.4m to €702,315
- Debts after one year -€194,400
down €194,400 (-90.6%), from €214,500 to €20,100
- Accrued charges and deferred income -€15,148
no longer reported in 2025 (was €15,148)
- Financial charges -€15,147
down €15,147 (-99.7%), from €15,187 to €40
- Gross operating margin +€12,874
up €12,874, from -€6,708 to €6,166
- Other operating charges +€251
up €251 (+24.4%), from €1,031 to €1,283
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.
Derived cash bridge
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 | €1,004,037 | €99,291 | -€904,746 | -90.1% |
| Fixed assets | 21/28 | €1,000,525 | €80,525 | -€920,000 | -92.0% |
| Financial fixed assets | 28 | €1,000,525 | €80,525 | -€920,000 | -92.0% |
| Current assets | 29/58 | €3,512 | €18,766 | +€15,254 | +434% |
| Amounts receivable within one year | 40/41 | €529 | €12,043 | +€11,514 | +2,175% |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €529 | €43 | -€486 | -91.8% |
| Cash at bank and in hand | 54/58 | €2,982 | €6,722 | +€3,740 | +125% |
| Total equity and liabilities | 10/49 | €1,004,037 | €99,291 | -€904,746 | -90.1% |
| Equity | 10/15 | €758,115 | €62,958 | -€695,157 | -91.7% |
| Contributions | 10/11 | €1,402,315 | €702,315 | -€700,000 | -49.9% |
| Capital | 10 | €1,402,315 | €702,315 | -€700,000 | -49.9% |
| Issued capital | 100 | €1,402,315 | €702,315 | -€700,000 | -49.9% |
| Reserves | 13 | €11,500 | €11,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,500 | €11,500 | = | 0.0% |
| Legal reserve | 130 | €11,500 | €11,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€655,700 | -€650,857 | +€4,843 | +0.7% |
| Amounts payable | 17/49 | €245,921 | €36,333 | -€209,589 | -85.2% |
| Amounts payable after more than one year | 17 | €214,500 | €20,100 | -€194,400 | -90.6% |
| Financial debts | 170/4 | €214,500 | €20,100 | -€194,400 | -90.6% |
| Amounts payable within one year | 42/48 | €16,273 | €16,233 | -€41 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €149 | €104 | -€45 | -30.0% |
| Suppliers | 440/4 | €149 | €104 | -€45 | -30.0% |
| Other amounts payable | 47/48 | €1,125 | €1,129 | +€4 | +0.3% |
| Accrued charges and deferred income | 492/3 | €15,148 | - | -€15,148 | |
| Other operating charges | 640/8 | €1,031 | €1,283 | +€251 | +24.4% |
| Gross operating margin | 9900 | -€6,708 | €6,166 | +€12,874 | |
| Operating profit (loss) | 9901 | -€7,739 | €4,883 | +€12,623 | |
| Financial charges | 65/66B | €15,187 | €40 | -€15,147 | -99.7% |
| Recurring financial charges | 65 | €15,187 | €40 | -€15,147 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,926 | €4,843 | +€27,769 | |
| Profit (loss) for the period | 9904 | -€22,926 | €4,843 | +€27,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,926 | €4,843 | +€27,769 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.