The present work deals with the synthesis and photophysical, quantum mechanical, and lasing characterization of novel BODIPYs bearing amino and nitro groups at different positions in the core. The results emphasize the relevant role on the photophysical and lasing properties, not only of the attached functionality but also of the position in which is grafted, as well as the molecular structure of the indacene core. A wide part of the visible spectrum can be covered by the insertion of an amino group at position 3 (red shift) or 8 (blue shift). Furthermore, the electron withdrawing character of the nitro substituent induces intramolecular charge transfer processes, the efficiency of which depends on the position of the nitro group on the BODIPY core. All these experimental findings can be rationalized with the help of quantum mechanical calculations.