INDIGO MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€17,796
down €17,796 (-8.1%), from €220,843 to €203,048
of which Land and buildings: -€17,719
- Receivables within one year -€9,704
down €9,704 (-17.6%), from €55,084 to €45,380
- Other debts -€46,549
down €46,549 (-23.4%), from €198,502 to €151,954
- Profit (loss) carried forward +€38,577
up €38,577 (+75.4%), from -€51,144 to -€12,567
- Debts after one year -€21,976
down €21,976 (-29.1%), from €75,402 to €53,426
- Gross operating margin +€6,201
up €6,201 (+10.4%), from €59,631 to €65,831
- Other operating charges +€4,950
up €4,950 (+173.8%), from €2,848 to €7,798
- Depreciation -€4,365
down €4,365 (-19.7%), from €22,161 to €17,796
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,618 | €249,241 | -€27,377 | -9.9% |
| Fixed assets | 21/28 | €220,895 | €203,100 | -€17,796 | -8.1% |
| Tangible fixed assets | 22/27 | €220,843 | €203,048 | -€17,796 | -8.1% |
| Land and buildings | 22 | €220,637 | €202,918 | -€17,719 | -8.0% |
| Furniture and vehicles | 24 | €207 | €130 | -€77 | -37.0% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €55,723 | €46,141 | -€9,582 | -17.2% |
| Amounts receivable within one year | 40/41 | €55,084 | €45,380 | -€9,704 | -17.6% |
| Trade receivables | 40 | €55,084 | €45,380 | -€9,704 | -17.6% |
| Cash at bank and in hand | 54/58 | €639 | €761 | +€123 | +19.2% |
| Total equity and liabilities | 10/49 | €276,618 | €249,241 | -€27,377 | -9.9% |
| Equity | 10/15 | -€21,144 | €17,433 | +€38,577 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,144 | -€12,567 | +€38,577 | +75.4% |
| Amounts payable | 17/49 | €297,762 | €231,808 | -€65,954 | -22.1% |
| Amounts payable after more than one year | 17 | €75,402 | €53,426 | -€21,976 | -29.1% |
| Financial debts | 170/4 | €75,402 | €53,426 | -€21,976 | -29.1% |
| Amounts payable within one year | 42/48 | €222,360 | €178,383 | -€43,977 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €21,579 | €23,586 | +€2,007 | +9.3% |
| Trade debts | 44 | €2,279 | €2,842 | +€564 | +24.7% |
| Suppliers | 440/4 | €2,279 | €2,842 | +€564 | +24.7% |
| Other amounts payable | 47/48 | €198,502 | €151,954 | -€46,549 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,161 | €17,796 | -€4,365 | -19.7% |
| Other operating charges | 640/8 | €2,848 | €7,798 | +€4,950 | +173.8% |
| Gross operating margin | 9900 | €59,631 | €65,831 | +€6,201 | +10.4% |
| Operating profit (loss) | 9901 | €34,621 | €40,238 | +€5,617 | +16.2% |
| Financial charges | 65/66B | €2,039 | €1,661 | -€378 | -18.5% |
| Recurring financial charges | 65 | €2,039 | €1,661 | -€378 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €32,582 | €38,577 | +€5,995 | +18.4% |
| Profit (loss) for the period | 9904 | €32,582 | €38,577 | +€5,995 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,582 | €38,577 | +€5,995 | +18.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.