Baker McKenzie: what changed
Two fiscal 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.
What changed
Baker McKenzie
NACE 69.101, Activities of lawyers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€325
2024 · €559-€234
Equity
€604,110
2024 · €603,785+€325
Cash
€1.6m
2024 · €894,741+€684,046
Balance sheet total
€39.0m
2024 · €48.7m-€9.7m
Largest movements
Assets
- Receivables within one year -€10.0m
down €10.0m (-22.0%), from €45.3m to €35.3m
of which Trade receivables: -€6.4m
- Cash +€684,046
up €684,046 (+76.5%), from €894,741 to €1.6m
mainly Receivables within one year (+€10.0m) and Depreciation (+€411,901)
Equity and liabilities
- Trade debts -€8.2m
down €8.2m (-27.0%), from €30.2m to €22.1m
- Other debts -€1.6m
down €1.6m (-10.5%), from €15.7m to €14.0m
Income statement
- Goods and materials -€5.1m
down €5.1m (-16.2%), from €31.3m to €26.2m
- Turnover -€4.5m
down €4.5m (-4.8%), from €94.6m to €90.1m
- Other operating income -€2.1m
down €2.1m (-48.6%), from €4.4m to €2.2m
- Staff costs -€1.1m
down €1.1m (-17.5%), from €6.5m to €5.4m
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.
Result 2024
€559
Turnover
-€4.5m
Other operating income
-€2.1m
Goods and materials
+€5.1m
Services and other goods
+€330,716
Staff costs
+€1.1m
Depreciation
+€32,152
Write-downs
-€29,642
Other operating charges
-€37,090
Financial income
+€300,936
Financial charges
-€71,546
Taxes
-€61,255
Result 2025
€325
Cash bridge derived
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.
From operations
+€824,022
Investment
-€139,976
Financing
€0
Cash 2024
€894,741
From operations (derived)
+€824,022
Net result for the year
+€325
Depreciation
+€411,901
Receivables within one year
+€10.0m
Deferred charges and accrued income
+€134,057
Trade debts
-€8.2m
Tax, wage and social debts
+€80,390
Advances received
+€174,434
Other debts
-€1.6m
Accrued charges and deferred income
-€136,958
Investment (derived)
-€139,976
Investment in fixed assets (net)
-€139,976
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,687,283 | €38,993,456 | -€9.7m | -19.9% |
| Fixed assets | 21/28 | €1,778,983 | €1,507,058 | -€271,925 | -15.3% |
| Tangible fixed assets | 22/27 | €1,766,166 | €1,492,743 | -€273,423 | -15.5% |
| Plant, machinery and equipment | 23 | €170,677 | €157,848 | -€12,829 | -7.5% |
| Furniture and vehicles | 24 | €565,407 | €473,857 | -€91,550 | -16.2% |
| Other tangible fixed assets | 26 | €1,030,082 | €861,037 | -€169,045 | -16.4% |
| Financial fixed assets | 28 | €12,817 | €14,315 | +€1,498 | +11.7% |
| Other financial fixed assets | 284/8 | €12,817 | €14,315 | +€1,498 | +11.7% |
| Amounts receivable and cash guarantees | 285/8 | €12,817 | €14,315 | +€1,498 | +11.7% |
| Current assets | 29/58 | €46,908,300 | €37,486,398 | -€9.4m | -20.1% |
| Amounts receivable within one year | 40/41 | €45,256,952 | €35,285,060 | -€10.0m | -22.0% |
| Trade receivables | 40 | €14,049,261 | €7,622,497 | -€6.4m | -45.7% |
| Other amounts receivable | 41 | €31,207,690 | €27,662,564 | -€3.5m | -11.4% |
| Cash at bank and in hand | 54/58 | €894,741 | €1,578,787 | +€684,046 | +76.5% |
| Deferred charges and accrued income | 490/1 | €756,608 | €622,551 | -€134,057 | -17.7% |
| Total equity and liabilities | 10/49 | €48,687,283 | €38,993,456 | -€9.7m | -19.9% |
| Equity | 10/15 | €603,785 | €604,110 | +€325 | +0.1% |
| Contributions | 10/11 | €24,294 | €24,294 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €577,632 | €577,957 | +€325 | +0.1% |
| Amounts payable | 17/49 | €48,083,498 | €38,389,346 | -€9.7m | -20.2% |
| Amounts payable within one year | 42/48 | €47,491,348 | €37,934,154 | -€9.6m | -20.1% |
| Trade debts | 44 | €30,247,635 | €22,079,849 | -€8.2m | -27.0% |
| Suppliers | 440/4 | €30,247,635 | €22,079,849 | -€8.2m | -27.0% |
| Advances received on contracts in progress | 46 | €651,645 | €826,078 | +€174,434 | +26.8% |
| Taxes, remuneration and social security | 45 | €933,777 | €1,014,168 | +€80,390 | +8.6% |
| Taxes | 450/3 | €95,085 | €2,029 | -€93,056 | -97.9% |
| Remuneration and social security | 454/9 | €838,692 | €1,012,139 | +€173,447 | +20.7% |
| Other amounts payable | 47/48 | €15,658,291 | €14,014,060 | -€1.6m | -10.5% |
| Accrued charges and deferred income | 492/3 | €592,150 | €455,192 | -€136,958 | -23.1% |
| Operating income | 70/76A | €99,026,229 | €92,353,142 | -€6.7m | -6.7% |
| Turnover | 70 | €94,647,857 | €90,104,096 | -€4.5m | -4.8% |
| Other operating income | 74 | €4,378,372 | €2,249,046 | -€2.1m | -48.6% |
| Operating charges | 60/66A | €99,863,358 | €93,358,640 | -€6.5m | -6.5% |
| Goods for resale, raw materials and consumables | 60 | €31,289,191 | €26,227,973 | -€5.1m | -16.2% |
| Purchases | 600/8 | €31,289,191 | €26,227,973 | -€5.1m | -16.2% |
| Services and other goods | 61 | €61,295,887 | €60,965,170 | -€330,716 | -0.5% |
| Remuneration, social security and pensions | 62 | €6,547,988 | €5,400,625 | -€1.1m | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444,053 | €411,901 | -€32,152 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,195 | €24,447 | +€29,642 | |
| Other operating charges | 640/8 | €291,434 | €328,525 | +€37,090 | +12.7% |
| Operating profit (loss) | 9901 | -€837,129 | -€1,005,498 | -€168,370 | -20.1% |
| Financial income | 75/76B | €997,291 | €1,298,227 | +€300,936 | +30.2% |
| Recurring financial income | 75 | €997,291 | €1,298,227 | +€300,936 | +30.2% |
| Other financial income | 752/9 | €997,291 | €1,298,227 | +€300,936 | +30.2% |
| Financial charges | 65/66B | €84,302 | €155,848 | +€71,546 | +84.9% |
| Recurring financial charges | 65 | €84,302 | €155,848 | +€71,546 | +84.9% |
| Debt charges | 650 | €4,280 | €3,276 | -€1,004 | -23.5% |
| Other financial charges | 652/9 | €80,021 | €152,572 | +€72,550 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €75,861 | €136,881 | +€61,021 | +80.4% |
| Income taxes | 67/77 | €75,302 | €136,557 | +€61,255 | +81.3% |
| Taxes | 670/3 | €75,701 | €136,557 | +€60,856 | +80.4% |
| Tax adjustments and reversals of tax provisions | 77 | €399 | - | -€399 | |
| Profit (loss) for the period | 9904 | €559 | €325 | -€234 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €559 | €325 | -€234 | -41.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.