Le Saulchoir: what changed
What changed
Le Saulchoir
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€27,902
2024 · €60,862-€32,961
Equity
€566,796
2024 · €538,894+€27,902
Cash
€208,962
2024 · €224,841-€15,880
Balance sheet total
€1.2m
2024 · €1.3m-€45,753
Largest movements
Assets
- Tangible fixed assets -€23,785
down €23,785 (-2.4%), from €1.0m to €979,856
of which Land and buildings: -€24,115
- Cash -€15,880
down €15,880 (-7.1%), from €224,841 to €208,962
mainly Debts after one year (-€55,555) and Investment in fixed assets (net) (-€18,657)
Equity and liabilities
- Debts after one year -€55,555
down €55,555 (-11.9%), from €467,807 to €412,253
- Reserves +€27,902
up €27,902 (+9.9%), from €281,973 to €309,875
of which Distributable reserves: +€27,902
Income statement
- Gross operating margin -€53,128
down €53,128 (-17.0%), from €312,715 to €259,587
- Staff costs -€30,649
down €30,649 (-16.6%), from €184,614 to €153,965
- Taxes +€7,066
up €7,066 (+170%), from €4,162 to €11,227
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€60,862
Gross operating margin
-€53,128
Staff costs
+€30,649
Depreciation
-€2,073
Other operating charges
-€2,338
Financial income
-€1,217
Financial charges
+€2,212
Taxes
-€7,066
Result 2025
€27,902
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€56,787
Investment
-€18,657
Financing
-€54,009
Cash 2024
€224,841
From operations (derived)
+€56,787
Net result for the year
+€27,902
Depreciation
+€42,442
Stocks and contracts
+€6,345
Receivables within one year
+€2,396
Deferred charges and accrued income
-€2,652
Trade debts
-€7,114
Tax, wage and social debts
+€848
Advances received
-€12,608
Other debts
+€4,028
Accrued charges and deferred income
-€4,800
Investment (derived)
-€18,657
Investment in fixed assets (net)
-€18,657
Financing
-€54,009
Debts after one year
-€55,555
Current portion of long-term debt
+€1,545
Cash 2025
€208,962
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,855 | €1,246,102 | -€45,753 | -3.5% |
| Fixed assets | 21/28 | €1,003,641 | €979,856 | -€23,785 | -2.4% |
| Tangible fixed assets | 22/27 | €1,003,641 | €979,856 | -€23,785 | -2.4% |
| Land and buildings | 22 | €968,846 | €944,731 | -€24,115 | -2.5% |
| Plant, machinery and equipment | 23 | €22,026 | €26,138 | +€4,112 | +18.7% |
| Furniture and vehicles | 24 | €12,769 | €8,987 | -€3,782 | -29.6% |
| Current assets | 29/58 | €288,215 | €266,246 | -€21,969 | -7.6% |
| Stocks and contracts in progress | 3 | €38,944 | €32,599 | -€6,345 | -16.3% |
| Stocks | 30/36 | €38,944 | €32,599 | -€6,345 | -16.3% |
| Amounts receivable within one year | 40/41 | €19,096 | €16,700 | -€2,396 | -12.5% |
| Trade receivables | 40 | €14,184 | €15,181 | +€997 | +7.0% |
| Other amounts receivable | 41 | €4,911 | €1,519 | -€3,393 | -69.1% |
| Cash at bank and in hand | 54/58 | €224,841 | €208,962 | -€15,880 | -7.1% |
| Deferred charges and accrued income | 490/1 | €5,334 | €7,986 | +€2,652 | +49.7% |
| Total equity and liabilities | 10/49 | €1,291,855 | €1,246,102 | -€45,753 | -3.5% |
| Equity | 10/15 | €538,894 | €566,796 | +€27,902 | +5.2% |
| Contributions | 10/11 | €256,922 | €256,922 | = | 0.0% |
| Reserves | 13 | €281,973 | €309,875 | +€27,902 | +9.9% |
| Tax-exempt reserves | 132 | €7,997 | €7,997 | = | 0.0% |
| Distributable reserves | 133 | €273,975 | €301,877 | +€27,902 | +10.2% |
| Amounts payable | 17/49 | €752,961 | €679,306 | -€73,655 | -9.8% |
| Amounts payable after more than one year | 17 | €467,807 | €412,253 | -€55,555 | -11.9% |
| Financial debts | 170/4 | €467,807 | €412,253 | -€55,555 | -11.9% |
| Amounts payable within one year | 42/48 | €279,778 | €266,477 | -€13,301 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €54,009 | €55,555 | +€1,545 | +2.9% |
| Trade debts | 44 | €64,514 | €57,400 | -€7,114 | -11.0% |
| Suppliers | 440/4 | €64,514 | €57,400 | -€7,114 | -11.0% |
| Advances received on contracts in progress | 46 | €58,790 | €46,182 | -€12,608 | -21.4% |
| Taxes, remuneration and social security | 45 | €22,519 | €23,367 | +€848 | +3.8% |
| Taxes | 450/3 | €9,095 | €12,452 | +€3,357 | +36.9% |
| Remuneration and social security | 454/9 | €13,424 | €10,915 | -€2,509 | -18.7% |
| Other amounts payable | 47/48 | €79,946 | €83,974 | +€4,028 | +5.0% |
| Accrued charges and deferred income | 492/3 | €5,376 | €576 | -€4,800 | -89.3% |
| Remuneration, social security and pensions | 62 | €184,614 | €153,965 | -€30,649 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,369 | €42,442 | +€2,073 | +5.1% |
| Other operating charges | 640/8 | €7,840 | €10,178 | +€2,338 | +29.8% |
| Gross operating margin | 9900 | €312,715 | €259,587 | -€53,128 | -17.0% |
| Operating profit (loss) | 9901 | €79,893 | €53,002 | -€26,890 | -33.7% |
| Financial income | 75/76B | €1,584 | €367 | -€1,217 | -76.8% |
| Recurring financial income | 75 | €1,584 | €367 | -€1,217 | -76.8% |
| Financial charges | 65/66B | €16,452 | €14,240 | -€2,212 | -13.4% |
| Recurring financial charges | 65 | €16,452 | €14,240 | -€2,212 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €65,024 | €39,129 | -€25,895 | -39.8% |
| Income taxes | 67/77 | €4,162 | €11,227 | +€7,066 | +170% |
| Profit (loss) for the period | 9904 | €60,862 | €27,902 | -€32,961 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,862 | €27,902 | -€32,961 | -54.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.