INDIGO STUDIO: 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 STUDIO
Largest movements
- Receivables within one year -€15,467
down €15,467 (-65.3%), from €23,697 to €8,230
of which Trade receivables: -€20,215
- Tangible fixed assets -€1,423
down €1,423 (-35.6%), from €3,999 to €2,577
of which Plant, machinery and equipment: -€1,055
- Cash +€920
up €920 (+30.5%), from €3,012 to €3,931
mainly Receivables within one year (+€15,467) and Depreciation (+€1,903)
- Trade debts -€7,608
down €7,608 (-57.6%), from €13,204 to €5,596
- Profit (loss) carried forward -€5,682
down €5,682 (-43.4%), from -€13,082 to -€18,764
- Tax, wage and social debts -€2,100
down €2,100 (-12.7%), from €16,525 to €14,426
of which Taxes: -€1,165
- Other debts -€534
no longer reported in 2025 (was €534)
- Turnover -€40,434
down €40,434 (-42.0%), from €96,172 to €55,739
- Gross operating margin -€20,411
down €20,411 (-100.0%), from €20,415 to €5
- Purchases and services -€19,863
down €19,863 (-26.2%), from €75,793 to €55,930
- Financial charges -€2,596
down €2,596 (-67.0%), from €3,874 to €1,278
- Staff costs +€1,975
new in 2025: €1,975
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 | €30,708 | €14,739 | -€15,970 | -52.0% |
| Fixed assets | 21/28 | €3,999 | €2,577 | -€1,423 | -35.6% |
| Tangible fixed assets | 22/27 | €3,999 | €2,577 | -€1,423 | -35.6% |
| Plant, machinery and equipment | 23 | €1,150 | €95 | -€1,055 | -91.7% |
| Furniture and vehicles | 24 | €2,850 | €2,482 | -€368 | -12.9% |
| Current assets | 29/58 | €26,709 | €12,162 | -€14,547 | -54.5% |
| Amounts receivable within one year | 40/41 | €23,697 | €8,230 | -€15,467 | -65.3% |
| Trade receivables | 40 | €23,697 | €3,482 | -€20,215 | -85.3% |
| Other amounts receivable | 41 | - | €4,748 | +€4,748 | |
| Cash at bank and in hand | 54/58 | €3,012 | €3,931 | +€920 | +30.5% |
| Total equity and liabilities | 10/49 | €30,708 | €14,739 | -€15,970 | -52.0% |
| Equity | 10/15 | €399 | -€5,283 | -€5,682 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,481 | €8,481 | = | 0.0% |
| Distributable reserves | 133 | €8,481 | €8,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,082 | -€18,764 | -€5,682 | -43.4% |
| Amounts payable | 17/49 | €30,309 | €20,021 | -€10,288 | -33.9% |
| Amounts payable within one year | 42/48 | €30,309 | €20,021 | -€10,288 | -33.9% |
| Trade debts | 44 | €13,204 | €5,596 | -€7,608 | -57.6% |
| Suppliers | 440/4 | €13,204 | €5,596 | -€7,608 | -57.6% |
| Advances received on contracts in progress | 46 | €45 | - | -€45 | |
| Taxes, remuneration and social security | 45 | €16,525 | €14,426 | -€2,100 | -12.7% |
| Taxes | 450/3 | €15,591 | €14,426 | -€1,165 | -7.5% |
| Remuneration and social security | 454/9 | €935 | - | -€935 | |
| Other amounts payable | 47/48 | €534 | - | -€534 | |
| Turnover | 70 | €96,172 | €55,739 | -€40,434 | -42.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,793 | €55,930 | -€19,863 | -26.2% |
| Remuneration, social security and pensions | 62 | - | €1,975 | +€1,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,830 | €1,903 | -€1,927 | -50.3% |
| Other operating charges | 640/8 | €2,256 | €652 | -€1,603 | -71.1% |
| Non-recurring operating charges | 66A | €66 | - | -€66 | |
| Gross operating margin | 9900 | €20,415 | €5 | -€20,411 | -100.0% |
| Operating profit (loss) | 9901 | €14,264 | -€4,525 | -€18,789 | |
| Financial income | 75/76B | €3 | €121 | +€118 | +3823.3% |
| Recurring financial income | 75 | €3 | €121 | +€118 | +3823.3% |
| Financial charges | 65/66B | €3,874 | €1,278 | -€2,596 | -67.0% |
| Recurring financial charges | 65 | €3,874 | €1,278 | -€2,596 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €10,393 | -€5,682 | -€16,075 | |
| Profit (loss) for the period | 9904 | €10,393 | -€5,682 | -€16,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,393 | -€5,682 | -€16,075 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.