SAAQ: 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.
SAAQ
Largest movements
- Tangible fixed assets +€46,603
up €46,603 (+522%), from €8,933 to €55,536
of which Furniture and vehicles: +€44,481
- Cash +€3,239
up €3,239 (+2.9%), from €110,503 to €113,742
mainly Other debts (+€98,302) and Net result for the year (+€29,279)
- Other debts +€98,302
up €98,302 (+11,801%), from €833 to €99,135
- Reserves -€69,856
down €69,856 (-49.9%), from €139,888 to €70,033
- Debts after one year +€14,439
new in 2025: €14,439
- Current portion of long-term debt +€4,780
up €4,780, from €0 to €4,780
- Trade debts +€4,073
up €4,073 (+242%), from €1,683 to €5,756
- Gross operating margin +€3,517
up €3,517 (+8.3%), from €42,265 to €45,782
- Depreciation +€2,876
up €2,876 (+113%), from €2,539 to €5,415
- Financial income -€1,119
down €1,119 (-41.8%), from €2,680 to €1,561
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 | €164,018 | €215,167 | +€51,150 | +31.2% |
| Fixed assets | 21/28 | €8,933 | €55,536 | +€46,603 | +522% |
| Tangible fixed assets | 22/27 | €8,933 | €55,536 | +€46,603 | +522% |
| Furniture and vehicles | 24 | €8,933 | €53,414 | +€44,481 | +498% |
| Other tangible fixed assets | 26 | - | €2,122 | +€2,122 | |
| Current assets | 29/58 | €155,084 | €159,631 | +€4,547 | +2.9% |
| Amounts receivable within one year | 40/41 | €44,307 | €45,382 | +€1,075 | +2.4% |
| Trade receivables | 40 | €8,342 | €17,519 | +€9,178 | +110% |
| Other amounts receivable | 41 | €35,966 | €27,863 | -€8,102 | -22.5% |
| Cash at bank and in hand | 54/58 | €110,503 | €113,742 | +€3,239 | +2.9% |
| Deferred charges and accrued income | 490/1 | €274 | €507 | +€232 | +84.8% |
| Total equity and liabilities | 10/49 | €164,018 | €215,167 | +€51,150 | +31.2% |
| Equity | 10/15 | €152,288 | €82,433 | -€69,856 | -45.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,888 | €70,033 | -€69,856 | -49.9% |
| Distributable reserves | 133 | €139,888 | €70,033 | -€69,856 | -49.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,729 | €132,735 | +€121,005 | +1,032% |
| Amounts payable after more than one year | 17 | - | €14,439 | +€14,439 | |
| Financial debts | 170/4 | - | €14,439 | +€14,439 | |
| Amounts payable within one year | 42/48 | €11,729 | €118,295 | +€106,566 | +909% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,780 | +€4,780 | |
| Trade debts | 44 | €1,683 | €5,756 | +€4,073 | +242% |
| Suppliers | 440/4 | €1,683 | €5,756 | +€4,073 | +242% |
| Taxes, remuneration and social security | 45 | €9,213 | €8,625 | -€588 | -6.4% |
| Taxes | 450/3 | €6,913 | €8,625 | +€1,712 | +24.8% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100% |
| Other amounts payable | 47/48 | €833 | €99,135 | +€98,302 | +11,801% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,539 | €5,415 | +€2,876 | +113% |
| Other operating charges | 640/8 | €817 | €728 | -€90 | -11.0% |
| Gross operating margin | 9900 | €42,265 | €45,782 | +€3,517 | +8.3% |
| Operating profit (loss) | 9901 | €38,909 | €39,640 | +€731 | +1.9% |
| Financial income | 75/76B | €2,680 | €1,561 | -€1,119 | -41.8% |
| Recurring financial income | 75 | €2,680 | €1,561 | -€1,119 | -41.8% |
| Financial charges | 65/66B | €65 | €355 | +€290 | +442% |
| Recurring financial charges | 65 | €65 | €355 | +€290 | +442% |
| Profit (loss) for the period before taxes | 9903 | €41,523 | €40,845 | -€678 | -1.6% |
| Income taxes | 67/77 | €11,999 | €11,566 | -€433 | -3.6% |
| Profit (loss) for the period | 9904 | €29,524 | €29,279 | -€245 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,524 | €29,279 | -€245 | -0.8% |
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 14 October 2026 via checked.be.