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
- Current assets +€8,608
up €8,608 (+45.8%), from €18,805 to €27,412
of which Receivables within one year: +€6,928
- Tangible fixed assets -€732
down €732 (-47.0%), from €1,558 to €826
- Equity +€62,207
up €62,207 (+26.0%), from -€238,989 to -€176,782
- Debts -€54,332
down €54,332 (-20.9%), from €259,352 to €205,020
- Gross operating margin +€34,237
up €34,237 (+31.6%), from €108,323 to €142,560
From the 2011 result to the 2012 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 | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,363 | €28,238 | +€7,876 | +38.7% |
| Fixed assets | 21/28 | €1,558 | €826 | -€732 | -47.0% |
| Tangible fixed assets | 22/27 | €1,558 | €826 | -€732 | -47.0% |
| Current assets | 29/58 | €18,805 | €27,412 | +€8,608 | +45.8% |
| Amounts receivable within one year | 40/41 | €14,808 | €21,737 | +€6,928 | +46.8% |
| Cash at bank and in hand | 54/58 | €3,787 | €5,676 | +€1,888 | +49.9% |
| Total equity and liabilities | 10/49 | €20,363 | €28,238 | +€7,876 | +38.7% |
| Equity | 10/15 | -€238,989 | -€176,782 | +€62,207 | +26.0% |
| Profit (loss) carried forward | 14 | -€243,389 | -€181,182 | +€62,207 | +25.6% |
| Amounts payable | 17/49 | €259,352 | €205,020 | -€54,332 | -20.9% |
| Amounts payable after more than one year | 17 | €55,285 | €32,736 | -€22,549 | -40.8% |
| Amounts payable within one year | 42/48 | €58,297 | €42,406 | -€15,891 | -27.3% |
| Trade debts | 44 | €18,712 | €10,397 | -€8,315 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,272 | €732 | -€540 | -42.5% |
| Gross operating margin | 9900 | €108,323 | €142,560 | +€34,237 | +31.6% |
| Operating profit (loss) | 9901 | €11,404 | €65,350 | +€53,947 | +473% |
| Recurring financial income | 75 | €705 | €6 | -€699 | -99.1% |
| Recurring financial charges | 65 | €5,648 | €3,149 | -€2,499 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €6,461 | €62,207 | +€55,747 | +863% |
| Profit (loss) for the period | 9904 | €6,461 | €62,207 | +€55,747 | +863% |
Source: filed annual accounts (NBB), financial years ended 31 December 2011 and 31 December 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.