INDIGO PGmbH: 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 PGmbH
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,227
2024 · €4,988+€20,239
Equity
€231,680
2024 · €175,848+€55,832
Cash
€3,989
2024 · €15,242-€11,253
Balance sheet total
€1.2m
2024 · €1.3m-€57,188
Largest movements
Assets
- Tangible fixed assets -€43,210
down €43,210 (-6.5%), from €660,871 to €617,660
of which Land and buildings: -€30,733
Equity and liabilities
- Debts after one year -€57,479
down €57,479 (-8.3%), from €689,897 to €632,418
of which Financial debts: -€57,479
- Investment grants +€30,605
new in 2025: €30,605
- Profit (loss) carried forward +€26,010
up €26,010 (+15.7%), from €165,806 to €191,815
- Short-term financial debts -€25,000
down €25,000 (-31.3%), from €80,000 to €55,000
- Current portion of long-term debt -€24,100
down €24,100 (-22.1%), from €109,165 to €85,065
Income statement
- Gross operating margin +€29,187
up €29,187 (+19.3%), from €150,956 to €180,143
- Staff costs +€13,626
up €13,626 (+22.6%), from €60,286 to €73,912
- Financial income +€10,726
up €10,726 (+340,520%), from €3 to €10,730
- Depreciation +€6,425
up €6,425 (+11.3%), from €56,660 to €63,085
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
€4,988
Gross operating margin
+€29,187
Staff costs
-€13,626
Depreciation
-€6,425
Other operating charges
+€909
Financial income
+€10,726
Financial charges
+€393
Taxes
-€540
Deferred taxes and other
-€384
Result 2025
€25,227
raises the resultlowers the resultnot broken down further in the accounts
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
+€84,596
Investment
-€19,874
Financing
-€75,974
Cash 2024
€15,242
From operations (derived)
+€84,596
Net result for the year
+€25,227
Depreciation
+€63,085
Stocks and contracts
+€1,010
Receivables within one year
+€2,281
Deferred charges and accrued income
-€567
Provisions
-€261
Trade debts
-€3,109
Tax, wage and social debts
-€3,942
Other debts
+€1,977
Accrued charges and deferred income
-€1,106
Investment (derived)
-€19,874
Investment in fixed assets (net)
-€19,874
Financing
-€75,974
Debts after one year
-€57,479
Current portion of long-term debt
-€24,100
Short-term financial debts
-€25,000
Contributions, distributions and other
+€30,605
Cash 2025
€3,989
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,946 | €1,214,758 | -€57,188 | -4.5% |
| Fixed assets | 21/28 | €1,017,907 | €974,696 | -€43,210 | -4.2% |
| Tangible fixed assets | 22/27 | €660,871 | €617,660 | -€43,210 | -6.5% |
| Land and buildings | 22 | €567,131 | €536,398 | -€30,733 | -5.4% |
| Plant, machinery and equipment | 23 | €51,287 | €52,704 | +€1,417 | +2.8% |
| Furniture and vehicles | 24 | €27,422 | €21,399 | -€6,023 | -22.0% |
| Leasing and similar rights | 25 | €15,031 | €7,160 | -€7,871 | -52.4% |
| Financial fixed assets | 28 | €357,036 | €357,036 | = | 0.0% |
| Current assets | 29/58 | €254,039 | €240,062 | -€13,977 | -5.5% |
| Stocks and contracts in progress | 3 | €69,500 | €68,490 | -€1,010 | -1.5% |
| Stocks | 30/36 | €56,000 | €54,400 | -€1,600 | -2.9% |
| Contracts in progress | 37 | €13,500 | €14,090 | +€590 | +4.4% |
| Amounts receivable within one year | 40/41 | €167,898 | €165,617 | -€2,281 | -1.4% |
| Trade receivables | 40 | €67,898 | €65,617 | -€2,281 | -3.4% |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,242 | €3,989 | -€11,253 | -73.8% |
| Deferred charges and accrued income | 490/1 | €1,399 | €1,966 | +€567 | +40.5% |
| Total equity and liabilities | 10/49 | €1,271,946 | €1,214,758 | -€57,188 | -4.5% |
| Equity | 10/15 | €175,848 | €231,680 | +€55,832 | +31.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,842 | €3,060 | -€782 | -20.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,982 | €1,200 | -€782 | -39.5% |
| Profit (loss) carried forward | 14 | €165,806 | €191,815 | +€26,010 | +15.7% |
| Investment grants | 15 | - | €30,605 | +€30,605 | |
| Provisions and deferred taxes | 16 | €261 | - | -€261 | |
| Deferred taxes | 168 | €261 | - | -€261 | |
| Amounts payable | 17/49 | €1,095,837 | €983,078 | -€112,759 | -10.3% |
| Amounts payable after more than one year | 17 | €689,897 | €632,418 | -€57,479 | -8.3% |
| Financial debts | 170/4 | €418,709 | €361,229 | -€57,479 | -13.7% |
| Other amounts payable | 178/9 | €271,189 | €271,189 | = | 0.0% |
| Amounts payable within one year | 42/48 | €404,833 | €350,660 | -€54,174 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €109,165 | €85,065 | -€24,100 | -22.1% |
| Financial debts | 43 | €80,000 | €55,000 | -€25,000 | -31.3% |
| Credit institutions | 430/8 | €80,000 | €55,000 | -€25,000 | -31.3% |
| Trade debts | 44 | €53,914 | €50,804 | -€3,109 | -5.8% |
| Suppliers | 440/4 | €53,914 | €50,804 | -€3,109 | -5.8% |
| Taxes, remuneration and social security | 45 | €32,903 | €28,961 | -€3,942 | -12.0% |
| Taxes | 450/3 | €16,276 | €10,591 | -€5,685 | -34.9% |
| Remuneration and social security | 454/9 | €16,627 | €18,370 | +€1,743 | +10.5% |
| Other amounts payable | 47/48 | €128,852 | €130,829 | +€1,977 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,106 | - | -€1,106 | |
| Remuneration, social security and pensions | 62 | €60,286 | €73,912 | +€13,626 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,660 | €63,085 | +€6,425 | +11.3% |
| Other operating charges | 640/8 | €7,243 | €6,335 | -€909 | -12.5% |
| Gross operating margin | 9900 | €150,956 | €180,143 | +€29,187 | +19.3% |
| Operating profit (loss) | 9901 | €26,767 | €36,812 | +€10,044 | +37.5% |
| Financial income | 75/76B | €3 | €10,730 | +€10,726 | +340,520% |
| Recurring financial income | 75 | €3 | €10,730 | +€10,726 | +340,520% |
| Financial charges | 65/66B | €18,271 | €17,879 | -€393 | -2.1% |
| Recurring financial charges | 65 | €18,271 | €17,879 | -€393 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €8,499 | €29,663 | +€21,164 | +249% |
| Transfer from deferred taxes | 780 | €645 | €261 | -€384 | -59.6% |
| Income taxes | 67/77 | €4,156 | €4,696 | +€540 | +13.0% |
| Profit (loss) for the period | 9904 | €4,988 | €25,227 | +€20,239 | +406% |
| Transfer from tax-exempt reserves | 789 | €1,935 | €782 | -€1,153 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,923 | €26,010 | +€19,087 | +276% |
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 27 October 2026 via checked.be.