SAQ Architects: 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.
SAQ Architects
Largest movements
- Cash -€292,528
down €292,528 (-96.6%), from €302,798 to €10,270
mainly Trade debts (-€155,080) and Investment in fixed assets (net) (-€140,352)
- Tangible fixed assets +€125,595
up €125,595 (+23.6%), from €531,348 to €656,944
of which Land and buildings: +€135,341
- Current investments -€46,402
down €46,402 (-100%), from €46,402 to €0
- Trade debts -€155,080
down €155,080 (-92.6%), from €167,387 to €12,307
- Other debts -€78,813
down €78,813 (-45.1%), from €174,597 to €95,784
- Debts after one year +€44,857
up €44,857 (+11.8%), from €379,908 to €424,765
- Reserves -€31,154
down €31,154 (-11.7%), from €265,368 to €234,214
- Current portion of long-term debt +€17,083
up €17,083 (+42.0%), from €40,644 to €57,727
- Gross operating margin -€25,818
down €25,818 (-27.6%), from €93,427 to €67,609
- Financial charges +€6,387
up €6,387 (+51.1%), from €12,490 to €18,877
- Taxes -€5,907
down €5,907 (-33.1%), from €17,850 to €11,943
- Financial income +€3,637
up €3,637 (+93.5%), from €3,888 to €7,525
- Other operating charges -€2,264
down €2,264 (-51.4%), from €4,404 to €2,140
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 | €1,051,070 | €843,674 | -€207,396 | -19.7% |
| Fixed assets | 21/28 | €536,291 | €661,886 | +€125,595 | +23.4% |
| Tangible fixed assets | 22/27 | €531,348 | €656,944 | +€125,595 | +23.6% |
| Land and buildings | 22 | €502,270 | €637,611 | +€135,341 | +26.9% |
| Furniture and vehicles | 24 | €29,078 | €19,333 | -€9,745 | -33.5% |
| Financial fixed assets | 28 | €4,943 | €4,943 | = | 0.0% |
| Current assets | 29/58 | €514,779 | €181,788 | -€332,991 | -64.7% |
| Amounts receivable after more than one year | 29 | €124,656 | €128,789 | +€4,133 | +3.3% |
| Other amounts receivable | 291 | €124,656 | €128,789 | +€4,133 | +3.3% |
| Amounts receivable within one year | 40/41 | €29,162 | €32,317 | +€3,155 | +10.8% |
| Trade receivables | 40 | €23,138 | €23,009 | -€129 | -0.6% |
| Other amounts receivable | 41 | €6,024 | €9,308 | +€3,284 | +54.5% |
| Current investments | 50/53 | €46,402 | €0 | -€46,402 | -100% |
| Cash at bank and in hand | 54/58 | €302,798 | €10,270 | -€292,528 | -96.6% |
| Deferred charges and accrued income | 490/1 | €11,761 | €10,411 | -€1,350 | -11.5% |
| Total equity and liabilities | 10/49 | €1,051,070 | €843,674 | -€207,396 | -19.7% |
| Equity | 10/15 | €272,618 | €241,464 | -€31,154 | -11.4% |
| Contributions | 10/11 | €7,250 | €7,250 | = | 0.0% |
| Reserves | 13 | €265,368 | €234,214 | -€31,154 | -11.7% |
| Distributable reserves | 133 | €265,368 | €234,214 | -€31,154 | -11.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €778,452 | €602,210 | -€176,242 | -22.6% |
| Amounts payable after more than one year | 17 | €379,908 | €424,765 | +€44,857 | +11.8% |
| Financial debts | 170/4 | €379,908 | €424,765 | +€44,857 | +11.8% |
| Amounts payable within one year | 42/48 | €396,945 | €172,834 | -€224,111 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €40,644 | €57,727 | +€17,083 | +42.0% |
| Trade debts | 44 | €167,387 | €12,307 | -€155,080 | -92.6% |
| Suppliers | 440/4 | €167,387 | €12,307 | -€155,080 | -92.6% |
| Taxes, remuneration and social security | 45 | €14,317 | €7,017 | -€7,300 | -51.0% |
| Taxes | 450/3 | €14,317 | €7,017 | -€7,300 | -51.0% |
| Other amounts payable | 47/48 | €174,597 | €95,784 | -€78,813 | -45.1% |
| Accrued charges and deferred income | 492/3 | €1,599 | €4,611 | +€3,012 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,942 | €14,756 | +€814 | +5.8% |
| Other operating charges | 640/8 | €4,404 | €2,140 | -€2,264 | -51.4% |
| Gross operating margin | 9900 | €93,427 | €67,609 | -€25,818 | -27.6% |
| Operating profit (loss) | 9901 | €75,081 | €50,713 | -€24,368 | -32.5% |
| Financial income | 75/76B | €3,888 | €7,525 | +€3,637 | +93.5% |
| Recurring financial income | 75 | €3,888 | €7,525 | +€3,637 | +93.5% |
| Financial charges | 65/66B | €12,490 | €18,877 | +€6,387 | +51.1% |
| Recurring financial charges | 65 | €12,490 | €18,877 | +€6,387 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €66,479 | €39,361 | -€27,118 | -40.8% |
| Income taxes | 67/77 | €17,850 | €11,943 | -€5,907 | -33.1% |
| Profit (loss) for the period | 9904 | €48,629 | €27,418 | -€21,212 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,629 | €27,418 | -€21,212 | -43.6% |
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 24 October 2026 via checked.be.