INDIGO BLUE: 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.
What changed
INDIGO BLUE
NACE 47.242, Retail sale of chocolate and confectionery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€226,654
2024 · €251,689-€25,036
Equity
€383,913
2024 · €307,259+€76,654
Cash
€25,565
2024 · €23,914+€1,651
Balance sheet total
€2.4m
2024 · €2.6m-€196,969
Largest movements
Assets
- Receivables within one year -€165,375
down €165,375 (-49.3%), from €335,219 to €169,843
of which Other amounts receivable: -€169,142
- Deferred charges and accrued income -€32,017
down €32,017 (-91.4%), from €35,016 to €2,999
Equity and liabilities
- Debts after one year -€145,233
down €145,233 (-8.1%), from €1.8m to €1.6m
of which Financial debts: -€145,233
- Other debts -€100,000
down €100,000 (-40.0%), from €250,069 to €150,069
- Reserves +€75,000
up €75,000 (+27.3%), from €275,000 to €350,000
- Short-term financial debts -€35,361
down €35,361 (-100%), from €35,361 to €0
Income statement
- Staff costs +€37,194
up €37,194 (+64.1%), from €57,998 to €95,192
- Taxes -€6,113
down €6,113 (-7.4%), from €82,729 to €76,616
- Financial income +€5,913
up €5,913 (+141%), from €4,205 to €10,118
- Gross operating margin -€5,690
down €5,690 (-1.1%), from €536,219 to €530,529
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.
Result 2024
€251,689
Gross operating margin
-€5,690
Staff costs
-€37,194
Depreciation
+€3,230
Other operating charges
-€274
Financial income
+€5,913
Financial charges
+€2,866
Taxes
+€6,113
Result 2025
€226,654
raises the resultlowers the result
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.
From operations
+€405,289
Investment
-€75,350
Financing
-€328,288
Cash 2024
€23,914
From operations (derived)
+€405,289
Net result for the year
+€226,654
Depreciation
+€82,225
Stocks and contracts
-€5,647
Receivables within one year
+€165,375
Deferred charges and accrued income
+€32,017
Trade debts
+€4,316
Smaller working-capital items
+€350
Other debts
-€100,000
Investment (derived)
-€75,350
Investment in fixed assets (net)
-€75,350
Financing
-€328,288
Debts after one year
-€145,233
Current portion of long-term debt
+€2,307
Short-term financial debts
-€35,361
Contributions, distributions and other
-€150,000
Cash 2025
€25,565
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,566,079 | €2,369,110 | -€196,969 | -7.7% |
| Fixed assets | 21/28 | €2,160,852 | €2,153,977 | -€6,875 | -0.3% |
| Tangible fixed assets | 22/27 | €2,160,852 | €2,153,977 | -€6,875 | -0.3% |
| Land and buildings | 22 | €2,121,937 | €2,056,968 | -€64,968 | -3.1% |
| Plant, machinery and equipment | 23 | €28,323 | €93,075 | +€64,753 | +229% |
| Furniture and vehicles | 24 | €7,373 | €3,933 | -€3,440 | -46.7% |
| Assets under construction and advance payments | 27 | €3,219 | €0 | -€3,219 | -100% |
| Current assets | 29/58 | €405,227 | €215,133 | -€190,094 | -46.9% |
| Stocks and contracts in progress | 3 | €11,078 | €16,725 | +€5,647 | +51.0% |
| Stocks | 30/36 | €11,078 | €16,725 | +€5,647 | +51.0% |
| Amounts receivable within one year | 40/41 | €335,219 | €169,843 | -€165,375 | -49.3% |
| Trade receivables | 40 | €5,302 | €9,069 | +€3,767 | +71.0% |
| Other amounts receivable | 41 | €329,916 | €160,774 | -€169,142 | -51.3% |
| Cash at bank and in hand | 54/58 | €23,914 | €25,565 | +€1,651 | +6.9% |
| Deferred charges and accrued income | 490/1 | €35,016 | €2,999 | -€32,017 | -91.4% |
| Total equity and liabilities | 10/49 | €2,566,079 | €2,369,110 | -€196,969 | -7.7% |
| Equity | 10/15 | €307,259 | €383,913 | +€76,654 | +24.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €275,000 | €350,000 | +€75,000 | +27.3% |
| Distributable reserves | 133 | €275,000 | €350,000 | +€75,000 | +27.3% |
| Profit (loss) carried forward | 14 | €2,259 | €3,913 | +€1,654 | +73.2% |
| Amounts payable | 17/49 | €2,258,819 | €1,985,197 | -€273,622 | -12.1% |
| Amounts payable after more than one year | 17 | €1,784,433 | €1,639,200 | -€145,233 | -8.1% |
| Financial debts | 170/4 | €1,775,833 | €1,630,600 | -€145,233 | -8.2% |
| Other amounts payable | 178/9 | €8,600 | €8,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €471,011 | €342,422 | -€128,589 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €142,927 | €145,233 | +€2,307 | +1.6% |
| Financial debts | 43 | €35,361 | €0 | -€35,361 | -100% |
| Credit institutions | 430/8 | €35,361 | €0 | -€35,361 | -100% |
| Trade debts | 44 | €32,666 | €36,982 | +€4,316 | +13.2% |
| Suppliers | 440/4 | €32,666 | €36,982 | +€4,316 | +13.2% |
| Taxes, remuneration and social security | 45 | €9,988 | €10,138 | +€150 | +1.5% |
| Taxes | 450/3 | €8,935 | €5,371 | -€3,564 | -39.9% |
| Remuneration and social security | 454/9 | €1,053 | €4,767 | +€3,714 | +353% |
| Other amounts payable | 47/48 | €250,069 | €150,069 | -€100,000 | -40.0% |
| Accrued charges and deferred income | 492/3 | €3,375 | €3,575 | +€200 | +5.9% |
| Remuneration, social security and pensions | 62 | €57,998 | €95,192 | +€37,194 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,455 | €82,225 | -€3,230 | -3.8% |
| Other operating charges | 640/8 | €28,733 | €29,006 | +€274 | +1.0% |
| Gross operating margin | 9900 | €536,219 | €530,529 | -€5,690 | -1.1% |
| Operating profit (loss) | 9901 | €364,033 | €324,105 | -€39,928 | -11.0% |
| Financial income | 75/76B | €4,205 | €10,118 | +€5,913 | +141% |
| Recurring financial income | 75 | €4,205 | €10,118 | +€5,913 | +141% |
| Financial charges | 65/66B | €33,820 | €30,954 | -€2,866 | -8.5% |
| Recurring financial charges | 65 | €33,820 | €30,954 | -€2,866 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €334,418 | €303,269 | -€31,149 | -9.3% |
| Income taxes | 67/77 | €82,729 | €76,616 | -€6,113 | -7.4% |
| Profit (loss) for the period | 9904 | €251,689 | €226,654 | -€25,036 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €251,689 | €226,654 | -€25,036 | -9.9% |
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.