INDIGOPAINTS: 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.
INDIGOPAINTS
Largest movements
- Receivables within one year +€16,855
up €16,855 (+14.8%), from €114,131 to €130,986
of which Other amounts receivable: +€13,002
- Tangible fixed assets +€4,564
up €4,564 (+94.3%), from €4,841 to €9,406
of which Plant, machinery and equipment: +€7,788
- Cash -€4,401
down €4,401 (-2.2%), from €199,695 to €195,294
mainly Receivables within one year (-€16,855) and Net result for the year (-€9,311)
- Trade debts +€24,085
up €24,085 (+49.4%), from €48,722 to €72,807
- Profit (loss) carried forward -€9,311
new in 2025: -€9,311
- Gross operating margin -€54,656
down €54,656, from €50,228 to -€4,428
- Taxes -€14,844
no longer reported in 2025 (was €14,844)
- Financial charges -€1,801
down €1,801 (-63.4%), from €2,839 to €1,038
- Other operating charges +€1,473
up €1,473 (+1,118%), from €132 to €1,604
- Depreciation +€1,007
up €1,007 (+32.2%), from €3,130 to €4,137
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 | €358,113 | €373,104 | +€14,991 | +4.2% |
| Fixed assets | 21/28 | €4,841 | €9,406 | +€4,564 | +94.3% |
| Tangible fixed assets | 22/27 | €4,841 | €9,406 | +€4,564 | +94.3% |
| Land and buildings | 22 | €543 | €82 | -€461 | -84.9% |
| Plant, machinery and equipment | 23 | €302 | €8,090 | +€7,788 | +2,578% |
| Furniture and vehicles | 24 | €3,996 | €1,234 | -€2,763 | -69.1% |
| Current assets | 29/58 | €353,272 | €363,699 | +€10,427 | +3.0% |
| Stocks and contracts in progress | 3 | €39,445 | €37,418 | -€2,028 | -5.1% |
| Stocks | 30/36 | €39,445 | €37,418 | -€2,028 | -5.1% |
| Amounts receivable within one year | 40/41 | €114,131 | €130,986 | +€16,855 | +14.8% |
| Trade receivables | 40 | €109,979 | €113,832 | +€3,853 | +3.5% |
| Other amounts receivable | 41 | €4,153 | €17,154 | +€13,002 | +313% |
| Cash at bank and in hand | 54/58 | €199,695 | €195,294 | -€4,401 | -2.2% |
| Total equity and liabilities | 10/49 | €358,113 | €373,104 | +€14,991 | +4.2% |
| Equity | 10/15 | €299,897 | €290,586 | -€9,311 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €281,297 | €281,297 | = | 0.0% |
| Distributable reserves | 133 | €281,297 | €281,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,311 | -€9,311 | |
| Amounts payable | 17/49 | €58,216 | €82,518 | +€24,302 | +41.7% |
| Amounts payable within one year | 42/48 | €58,216 | €82,518 | +€24,302 | +41.7% |
| Trade debts | 44 | €48,722 | €72,807 | +€24,085 | +49.4% |
| Suppliers | 440/4 | €48,722 | €72,807 | +€24,085 | +49.4% |
| Taxes, remuneration and social security | 45 | €9,494 | €9,711 | +€217 | +2.3% |
| Taxes | 450/3 | €6,910 | €9,711 | +€2,801 | +40.5% |
| Remuneration and social security | 454/9 | €2,583 | - | -€2,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €4,137 | +€1,007 | +32.2% |
| Other operating charges | 640/8 | €132 | €1,604 | +€1,473 | +1,118% |
| Gross operating margin | 9900 | €50,228 | -€4,428 | -€54,656 | |
| Operating profit (loss) | 9901 | €46,967 | -€10,169 | -€57,136 | |
| Financial income | 75/76B | €1,009 | €1,896 | +€887 | +88.0% |
| Recurring financial income | 75 | €1,009 | €1,896 | +€887 | +88.0% |
| Financial charges | 65/66B | €2,839 | €1,038 | -€1,801 | -63.4% |
| Recurring financial charges | 65 | €2,839 | €1,038 | -€1,801 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €45,137 | -€9,311 | -€54,448 | |
| Income taxes | 67/77 | €14,844 | - | -€14,844 | |
| Profit (loss) for the period | 9904 | €30,293 | -€9,311 | -€39,604 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,293 | -€9,311 | -€39,604 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.