INDIGO Advisor: 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.
INDIGO Advisor
Largest movements
- Cash +€109,556
up €109,556 (+104.8%), from €104,502 to €214,058
mainly Other debts (+€241,595) and Net result for the year (+€95,697)
- Current investments -€74,908
down €74,908 (-39.8%), from €188,000 to €113,092
- Receivables within one year -€13,425
down €13,425 (-45.2%), from €29,703 to €16,277
of which Trade receivables: -€29,703
- Tangible fixed assets -€9,451
down €9,451 (-28.2%), from €33,505 to €24,054
- Other debts +€241,595
up €241,595 (+3328.3%), from €7,259 to €248,854
- Profit (loss) carried forward -€165,968
down €165,968 (-100.0%), from €165,968 to €0
- Tax, wage and social debts -€60,757
down €60,757 (-54.7%), from €111,043 to €50,285
of which Taxes: -€61,205
- Current portion of long-term debt -€5,579
down €5,579 (-100.0%), from €5,579 to €0
- Gross operating margin -€23,526
down €23,526 (-15.0%), from €156,859 to €133,332
- Taxes -€5,369
down €5,369 (-15.7%), from €34,092 to €28,723
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 | €357,796 | €370,306 | +€12,510 | +3.5% |
| Fixed assets | 21/28 | €33,505 | €24,054 | -€9,451 | -28.2% |
| Tangible fixed assets | 22/27 | €33,505 | €24,054 | -€9,451 | -28.2% |
| Furniture and vehicles | 24 | €33,505 | €24,054 | -€9,451 | -28.2% |
| Current assets | 29/58 | €324,291 | €346,252 | +€21,961 | +6.8% |
| Amounts receivable within one year | 40/41 | €29,703 | €16,277 | -€13,425 | -45.2% |
| Trade receivables | 40 | €29,703 | €0 | -€29,703 | -100.0% |
| Other amounts receivable | 41 | €0 | €16,277 | +€16,277 | |
| Current investments | 50/53 | €188,000 | €113,092 | -€74,908 | -39.8% |
| Cash at bank and in hand | 54/58 | €104,502 | €214,058 | +€109,556 | +104.8% |
| Deferred charges and accrued income | 490/1 | €2,086 | €2,825 | +€739 | +35.4% |
| Total equity and liabilities | 10/49 | €357,796 | €370,306 | +€12,510 | +3.5% |
| Equity | 10/15 | €218,968 | €53,000 | -€165,968 | -75.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,968 | €0 | -€165,968 | -100.0% |
| Amounts payable | 17/49 | €138,829 | €317,306 | +€178,478 | +128.6% |
| Amounts payable after more than one year | 17 | €13,483 | €13,483 | = | 0.0% |
| Financial debts | 170/4 | €13,483 | €13,483 | = | 0.0% |
| Amounts payable within one year | 42/48 | €124,937 | €303,823 | +€178,886 | +143.2% |
| Current portion of amounts payable after more than one year | 42 | €5,579 | €0 | -€5,579 | -100.0% |
| Trade debts | 44 | €1,057 | €4,684 | +€3,627 | +343.3% |
| Suppliers | 440/4 | €1,057 | €4,684 | +€3,627 | +343.3% |
| Taxes, remuneration and social security | 45 | €111,043 | €50,285 | -€60,757 | -54.7% |
| Taxes | 450/3 | €108,586 | €47,381 | -€61,205 | -56.4% |
| Remuneration and social security | 454/9 | €2,457 | €2,904 | +€447 | +18.2% |
| Other amounts payable | 47/48 | €7,259 | €248,854 | +€241,595 | +3328.3% |
| Accrued charges and deferred income | 492/3 | €408 | €0 | -€408 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,293 | €10,457 | +€164 | +1.6% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €156,859 | €133,332 | -€23,526 | -15.0% |
| Operating profit (loss) | 9901 | €145,667 | €121,947 | -€23,720 | -16.3% |
| Financial income | 75/76B | €1,673 | €2,683 | +€1,010 | +60.4% |
| Recurring financial income | 75 | €1,673 | €2,683 | +€1,010 | +60.4% |
| Financial charges | 65/66B | €930 | €210 | -€720 | -77.4% |
| Recurring financial charges | 65 | €930 | €210 | -€720 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €146,411 | €124,420 | -€21,991 | -15.0% |
| Income taxes | 67/77 | €34,092 | €28,723 | -€5,369 | -15.7% |
| Profit (loss) for the period | 9904 | €112,318 | €95,697 | -€16,621 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €112,318 | €95,697 | -€16,621 | -14.8% |
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 7 October 2026 via checked.be.