INDIGO HEIST: 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 HEIST
Largest movements
- Stocks and contracts +€9,400
up €9,400 (+34.1%), from €27,600 to €37,000
- Cash -€3,536
down €3,536 (-45.7%), from €7,734 to €4,198
mainly Stocks and contracts (-€9,400) and Other debts (-€2,434)
- Receivables within one year +€657
up €657 (+157%), from €418 to €1,076
- Trade debts +€4,944
up €4,944 (+133%), from €3,722 to €8,666
- Other debts -€2,434
down €2,434 (-16.9%), from €14,402 to €11,969
- Reserves +€1,817
up €1,817 (+97.7%), from €1,860 to €3,677
of which Distributable reserves: +€1,817
- Profit (loss) carried forward +€1,069
up €1,069 (+118%), from €909 to €1,978
- Tax, wage and social debts +€901
up €901 (+14.4%), from €6,252 to €7,153
of which Remuneration and social security: +€566
- Gross operating margin +€1,548
up €1,548 (+36.7%), from €4,219 to €5,766
- Taxes +€408
new in 2025: €408
- Other operating charges +€321
up €321 (+70.2%), from €457 to €778
- Financial charges +€156
up €156 (+13.1%), from €1,187 to €1,343
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 | €39,545 | €45,843 | +€6,297 | +15.9% |
| Fixed assets | 21/28 | €3,793 | €3,569 | -€224 | -5.9% |
| Tangible fixed assets | 22/27 | €1,565 | €1,341 | -€224 | -14.3% |
| Plant, machinery and equipment | 23 | €1,565 | €1,341 | -€224 | -14.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,228 | €2,228 | = | 0.0% |
| Current assets | 29/58 | €35,753 | €42,274 | +€6,521 | +18.2% |
| Stocks and contracts in progress | 3 | €27,600 | €37,000 | +€9,400 | +34.1% |
| Stocks | 30/36 | €27,600 | €37,000 | +€9,400 | +34.1% |
| Amounts receivable within one year | 40/41 | €418 | €1,076 | +€657 | +157% |
| Trade receivables | 40 | €418 | €1,076 | +€657 | +157% |
| Cash at bank and in hand | 54/58 | €7,734 | €4,198 | -€3,536 | -45.7% |
| Total equity and liabilities | 10/49 | €39,545 | €45,843 | +€6,297 | +15.9% |
| Equity | 10/15 | €15,169 | €18,055 | +€2,886 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €3,677 | +€1,817 | +97.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €1,817 | +€1,817 | |
| Profit (loss) carried forward | 14 | €909 | €1,978 | +€1,069 | +118% |
| Amounts payable | 17/49 | €24,377 | €27,788 | +€3,411 | +14.0% |
| Amounts payable within one year | 42/48 | €24,377 | €27,788 | +€3,411 | +14.0% |
| Trade debts | 44 | €3,722 | €8,666 | +€4,944 | +133% |
| Suppliers | 440/4 | €3,722 | €8,666 | +€4,944 | +133% |
| Taxes, remuneration and social security | 45 | €6,252 | €7,153 | +€901 | +14.4% |
| Taxes | 450/3 | €252 | €587 | +€335 | +133% |
| Remuneration and social security | 454/9 | €6,000 | €6,566 | +€566 | +9.4% |
| Other amounts payable | 47/48 | €14,402 | €11,969 | -€2,434 | -16.9% |
| Remuneration, social security and pensions | 62 | €189 | €146 | -€43 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €224 | = | 0.0% |
| Other operating charges | 640/8 | €457 | €778 | +€321 | +70.2% |
| Non-recurring operating charges | 66A | €1,690 | - | -€1,690 | |
| Gross operating margin | 9900 | €4,219 | €5,766 | +€1,548 | +36.7% |
| Operating profit (loss) | 9901 | €1,659 | €4,618 | +€2,960 | +178% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €1,187 | €1,343 | +€156 | +13.1% |
| Recurring financial charges | 65 | €1,187 | €1,343 | +€156 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €472 | €3,294 | +€2,822 | +598% |
| Income taxes | 67/77 | - | €408 | +€408 | |
| Profit (loss) for the period | 9904 | €472 | €2,886 | +€2,415 | +512% |
| Profit (loss) for the period to be appropriated | 9905 | €472 | €2,886 | +€2,415 | +512% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.