INDIGO PROJECTS: 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 PROJECTS
Largest movements
- Cash +€24,336
up €24,336 (+6.2%), from €394,408 to €418,745
mainly Net result for the year (+€49,180) and Depreciation (+€19,661)
- Receivables within one year +€20,717
up €20,717 (+3.6%), from €579,105 to €599,822
of which Other amounts receivable: +€12,668
- Tangible fixed assets -€19,661
down €19,661 (-44.3%), from €44,349 to €24,688
- Reserves +€40,180
up €40,180 (+2.5%), from €1.6m to €1.6m
- Financial income +€25,583
up €25,583 (+153.8%), from €16,628 to €42,211
- Gross operating margin +€6,142
up €6,142 (+18.8%), from €32,746 to €38,888
- Depreciation +€4,343
up €4,343 (+28.3%), from €15,318 to €19,661
- Other operating charges -€778
down €778 (-34.4%), from €2,262 to €1,484
- Taxes -€699
down €699 (-6.8%), from €10,272 to €9,573
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.
Cash bridge derived
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 | €1,613,358 | €1,650,235 | +€36,877 | +2.3% |
| Fixed assets | 21/28 | €44,349 | €24,688 | -€19,661 | -44.3% |
| Tangible fixed assets | 22/27 | €44,349 | €24,688 | -€19,661 | -44.3% |
| Furniture and vehicles | 24 | €44,349 | €24,688 | -€19,661 | -44.3% |
| Current assets | 29/58 | €1,569,009 | €1,625,547 | +€56,538 | +3.6% |
| Amounts receivable within one year | 40/41 | €579,105 | €599,822 | +€20,717 | +3.6% |
| Trade receivables | 40 | €9,105 | €17,155 | +€8,050 | +88.4% |
| Other amounts receivable | 41 | €570,000 | €582,668 | +€12,668 | +2.2% |
| Current investments | 50/53 | €580,000 | €580,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €394,408 | €418,745 | +€24,336 | +6.2% |
| Deferred charges and accrued income | 490/1 | €15,495 | €26,980 | +€11,484 | +74.1% |
| Total equity and liabilities | 10/49 | €1,613,358 | €1,650,235 | +€36,877 | +2.3% |
| Equity | 10/15 | €1,591,413 | €1,631,594 | +€40,180 | +2.5% |
| Reserves | 13 | €1,591,413 | €1,631,594 | +€40,180 | +2.5% |
| Distributable reserves | 133 | €1,591,413 | €1,631,594 | +€40,180 | +2.5% |
| Amounts payable | 17/49 | €21,944 | €18,641 | -€3,303 | -15.1% |
| Amounts payable within one year | 42/48 | €20,262 | €16,160 | -€4,103 | -20.2% |
| Trade debts | 44 | €1,873 | €332 | -€1,541 | -82.3% |
| Suppliers | 440/4 | €1,873 | €332 | -€1,541 | -82.3% |
| Taxes, remuneration and social security | 45 | €3,147 | €3,817 | +€670 | +21.3% |
| Taxes | 450/3 | €3,147 | €3,817 | +€670 | +21.3% |
| Other amounts payable | 47/48 | €15,243 | €12,011 | -€3,232 | -21.2% |
| Accrued charges and deferred income | 492/3 | €1,682 | €2,481 | +€799 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,318 | €19,661 | +€4,343 | +28.3% |
| Other operating charges | 640/8 | €2,262 | €1,484 | -€778 | -34.4% |
| Gross operating margin | 9900 | €32,746 | €38,888 | +€6,142 | +18.8% |
| Operating profit (loss) | 9901 | €15,166 | €17,743 | +€2,578 | +17.0% |
| Financial income | 75/76B | €16,628 | €42,211 | +€25,583 | +153.8% |
| Recurring financial income | 75 | €16,628 | €42,211 | +€25,583 | +153.8% |
| Financial charges | 65/66B | €1,746 | €1,201 | -€545 | -31.2% |
| Recurring financial charges | 65 | €1,746 | €1,201 | -€545 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €30,048 | €58,753 | +€28,706 | +95.5% |
| Income taxes | 67/77 | €10,272 | €9,573 | -€699 | -6.8% |
| Profit (loss) for the period | 9904 | €19,776 | €49,180 | +€29,404 | +148.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,776 | €49,180 | +€29,404 | +148.7% |
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 12 October 2026 via checked.be.