INDIGO GALLERY BELGIUM: what changed
INDIGO GALLERY BELGIUM
Largest movements
- Cash -€192,662
down €192,662 (-34.8%), from €554,147 to €361,484
mainly Net result for the year (-€305,088) and Accrued charges and deferred income (-€47,900)
- Stocks and contracts -€93,530
down €93,530 (-100%), from €93,530 to €0
- Tangible fixed assets -€70,994
down €70,994 (-85.9%), from €82,609 to €11,615
- Receivables within one year +€28,029
up €28,029 (+6.2%), from €455,413 to €483,442
of which Trade receivables: +€23,915
- Intangible fixed assets -€17,616
down €17,616 (-100%), from €17,616 to €0
- Profit (loss) carried forward -€305,088
down €305,088 (-17.9%), from -€1.7m to -€2.0m
- Accrued charges and deferred income -€47,900
down €47,900 (-92.8%), from €51,643 to €3,742
- Tax, wage and social debts -€34,030
down €34,030 (-27.8%), from €122,571 to €88,541
of which Taxes: -€25,113
- Trade debts +€27,739
up €27,739 (+1.0%), from €2.8m to €2.8m
- Gross operating margin -€104,705
down €104,705 (-18.1%), from €577,729 to €473,024
- Staff costs -€86,774
down €86,774 (-11.6%), from €748,000 to €661,226
- Depreciation -€50,260
down €50,260 (-91.6%), from €54,893 to €4,632
- Write-downs -€46,051
down €46,051, from €26,833 to -€19,218
- Other operating charges +€20,662
up €20,662 (+332%), from €6,215 to €26,877
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,269,713 | €910,433 | -€359,280 | -28.3% |
| Fixed assets | 21/28 | €141,216 | €52,606 | -€88,609 | -62.7% |
| Intangible fixed assets | 21 | €17,616 | €0 | -€17,616 | -100% |
| Tangible fixed assets | 22/27 | €82,609 | €11,615 | -€70,994 | -85.9% |
| Other tangible fixed assets | 26 | €82,609 | €11,615 | -€70,994 | -85.9% |
| Financial fixed assets | 28 | €40,991 | €40,991 | = | 0.0% |
| Current assets | 29/58 | €1,128,497 | €857,827 | -€270,670 | -24.0% |
| Stocks and contracts in progress | 3 | €93,530 | €0 | -€93,530 | -100% |
| Stocks | 30/36 | €93,530 | €0 | -€93,530 | -100% |
| Amounts receivable within one year | 40/41 | €455,413 | €483,442 | +€28,029 | +6.2% |
| Trade receivables | 40 | €455,408 | €479,323 | +€23,915 | +5.3% |
| Other amounts receivable | 41 | €5 | €4,118 | +€4,113 | +81,615% |
| Cash at bank and in hand | 54/58 | €554,147 | €361,484 | -€192,662 | -34.8% |
| Deferred charges and accrued income | 490/1 | €25,407 | €12,900 | -€12,507 | -49.2% |
| Total equity and liabilities | 10/49 | €1,269,713 | €910,433 | -€359,280 | -28.3% |
| Equity | 10/15 | -€1,688,149 | -€1,993,237 | -€305,088 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,708,609 | -€2,013,697 | -€305,088 | -17.9% |
| Provisions and deferred taxes | 16 | €13,471 | €13,471 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,471 | €13,471 | = | 0.0% |
| Other liabilities and charges | 164/5 | €13,471 | €13,471 | = | 0.0% |
| Amounts payable | 17/49 | €2,944,390 | €2,890,199 | -€54,192 | -1.8% |
| Amounts payable within one year | 42/48 | €2,892,748 | €2,886,457 | -€6,291 | -0.2% |
| Trade debts | 44 | €2,770,177 | €2,797,916 | +€27,739 | +1.0% |
| Suppliers | 440/4 | €2,770,177 | €2,797,916 | +€27,739 | +1.0% |
| Taxes, remuneration and social security | 45 | €122,571 | €88,541 | -€34,030 | -27.8% |
| Taxes | 450/3 | €63,850 | €38,738 | -€25,113 | -39.3% |
| Remuneration and social security | 454/9 | €58,721 | €49,804 | -€8,918 | -15.2% |
| Accrued charges and deferred income | 492/3 | €51,643 | €3,742 | -€47,900 | -92.8% |
| Remuneration, social security and pensions | 62 | €748,000 | €661,226 | -€86,774 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,893 | €4,632 | -€50,260 | -91.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,833 | -€19,218 | -€46,051 | |
| Other operating charges | 640/8 | €6,215 | €26,877 | +€20,662 | +332% |
| Non-recurring operating charges | 66A | - | €83,977 | +€83,977 | |
| Gross operating margin | 9900 | €577,729 | €473,024 | -€104,705 | -18.1% |
| Operating profit (loss) | 9901 | -€258,211 | -€284,471 | -€26,259 | -10.2% |
| Financial income | 75/76B | €246 | €525 | +€279 | +114% |
| Recurring financial income | 75 | €246 | €525 | +€279 | +114% |
| Financial charges | 65/66B | €24,940 | €20,845 | -€4,095 | -16.4% |
| Recurring financial charges | 65 | €24,940 | €20,845 | -€4,095 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€282,906 | -€304,791 | -€21,885 | -7.7% |
| Income taxes | 67/77 | €321 | €297 | -€24 | -7.6% |
| Profit (loss) for the period | 9904 | -€283,227 | -€305,088 | -€21,861 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,227 | -€305,088 | -€21,861 | -7.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.