PHILIPPE DE BAERE: 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.
What changed
PHILIPPE DE BAERE
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€749,611
2024 · €241,812+€507,799
Equity
€5.2m
2024 · €5.2m-€19,279
Cash
€256,177
2024 · €117,462+€138,715
Balance sheet total
€8.0m
2024 · €8.7m-€678,937
Largest movements
Assets
- Receivables within one year -€449,850
down €449,850 (-10.5%), from €4.3m to €3.8m
of which Other amounts receivable: -€444,875
- Tangible fixed assets -€368,001
down €368,001 (-9.6%), from €3.8m to €3.5m
of which Land and buildings: -€278,867
- Cash +€138,715
up €138,715 (+118%), from €117,462 to €256,177
mainly Net result for the year (+€749,611) and Receivables within one year (+€449,850)
Equity and liabilities
- Debts after one year -€552,557
down €552,557 (-60.9%), from €906,593 to €354,036
of which Other amounts payable: -€388,500
- Other debts -€100,849
down €100,849 (-11.6%), from €872,139 to €771,290
Income statement
- Gross operating margin +€773,273
up €773,273 (+190%), from €406,414 to €1.2m
- Taxes +€150,807
up €150,807 (+110%), from €137,203 to €288,011
- Depreciation +€47,722
up €47,722 (+30.3%), from €157,478 to €205,200
- Financial charges +€18,197
up €18,197 (+63.4%), from €28,709 to €46,906
- Financial income -€12,697
down €12,697 (-5.9%), from €216,614 to €203,917
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
€241,812
Gross operating margin
+€773,273
Staff costs
-€1,221
Depreciation
-€47,722
Other operating charges
-€734
Other operating items
+€32,701
Financial income
-€12,697
Financial charges
-€18,197
Taxes
-€150,807
Deferred taxes and other
-€66,798
Result 2025
€749,611
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
+€162,800
Financing
-€1.3m
Cash 2024
€117,462
From operations (derived)
+€1.3m
Net result for the year
+€749,611
Depreciation
+€205,200
Receivables within one year
+€449,850
Deferred charges and accrued income
-€199
Provisions
-€47,367
Trade debts
+€3,449
Tax, wage and social debts
+€26,540
Other debts
-€100,849
Accrued charges and deferred income
+€9,727
Investment (derived)
+€162,800
Investment in fixed assets (net)
+€162,800
Financing
-€1.3m
Debts after one year
-€552,557
Current portion of long-term debt
+€1,400
Contributions, distributions and other
-€768,890
Cash 2025
€256,177
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,683,583 | €8,004,647 | -€678,937 | -7.8% |
| Fixed assets | 21/28 | €3,880,552 | €3,512,551 | -€368,001 | -9.5% |
| Tangible fixed assets | 22/27 | €3,831,624 | €3,463,624 | -€368,001 | -9.6% |
| Land and buildings | 22 | €3,126,835 | €2,847,968 | -€278,867 | -8.9% |
| Furniture and vehicles | 24 | - | €1,147 | +€1,147 | |
| Leasing and similar rights | 25 | €233,333 | €200,000 | -€33,333 | -14.3% |
| Other tangible fixed assets | 26 | €471,456 | €414,508 | -€56,948 | -12.1% |
| Financial fixed assets | 28 | €48,928 | €48,928 | = | 0.0% |
| Current assets | 29/58 | €4,803,032 | €4,492,095 | -€310,936 | -6.5% |
| Amounts receivable after more than one year | 29 | €402,000 | €402,000 | = | 0.0% |
| Other amounts receivable | 291 | €402,000 | €402,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,276,199 | €3,826,349 | -€449,850 | -10.5% |
| Trade receivables | 40 | €4,975 | €0 | -€4,975 | -100% |
| Other amounts receivable | 41 | €4,271,224 | €3,826,349 | -€444,875 | -10.4% |
| Cash at bank and in hand | 54/58 | €117,462 | €256,177 | +€138,715 | +118% |
| Deferred charges and accrued income | 490/1 | €7,370 | €7,569 | +€199 | +2.7% |
| Total equity and liabilities | 10/49 | €8,683,583 | €8,004,647 | -€678,937 | -7.8% |
| Equity | 10/15 | €5,187,321 | €5,168,042 | -€19,279 | -0.4% |
| Contributions | 10/11 | €24,170 | €24,170 | = | 0.0% |
| Reserves | 13 | €5,163,151 | €5,143,872 | -€19,279 | -0.4% |
| Tax-exempt reserves | 132 | €772,320 | €933,586 | +€161,266 | +20.9% |
| Distributable reserves | 133 | €4,390,832 | €4,210,287 | -€180,545 | -4.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,121,483 | €1,074,116 | -€47,367 | -4.2% |
| Provisions for liabilities and charges | 160/5 | €864,044 | €762,921 | -€101,123 | -11.7% |
| Pensions and similar obligations | 160 | €762,921 | €762,921 | = | 0.0% |
| Other liabilities and charges | 164/5 | €101,123 | €0 | -€101,123 | -100% |
| Deferred taxes | 168 | €257,440 | €311,195 | +€53,755 | +20.9% |
| Amounts payable | 17/49 | €2,374,779 | €1,762,489 | -€612,290 | -25.8% |
| Amounts payable after more than one year | 17 | €906,593 | €354,036 | -€552,557 | -60.9% |
| Financial debts | 170/4 | €412,593 | €248,536 | -€164,057 | -39.8% |
| Other amounts payable | 178/9 | €494,000 | €105,500 | -€388,500 | -78.6% |
| Amounts payable within one year | 42/48 | €1,445,272 | €1,375,811 | -€69,461 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €162,657 | €164,057 | +€1,400 | +0.9% |
| Trade debts | 44 | €10,412 | €13,861 | +€3,449 | +33.1% |
| Suppliers | 440/4 | €10,412 | €13,861 | +€3,449 | +33.1% |
| Taxes, remuneration and social security | 45 | €400,064 | €426,604 | +€26,540 | +6.6% |
| Taxes | 450/3 | €398,788 | €425,214 | +€26,426 | +6.6% |
| Remuneration and social security | 454/9 | €1,277 | €1,390 | +€113 | +8.9% |
| Other amounts payable | 47/48 | €872,139 | €771,290 | -€100,849 | -11.6% |
| Accrued charges and deferred income | 492/3 | €22,914 | €32,641 | +€9,727 | +42.5% |
| Non-recurring operating income | 76A | - | €101,123 | +€101,123 | |
| Remuneration, social security and pensions | 62 | €15,296 | €16,516 | +€1,221 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,478 | €205,200 | +€47,722 | +30.3% |
| Other operating charges | 640/8 | €22,871 | €23,605 | +€734 | +3.2% |
| Non-recurring operating charges | 66A | €32,701 | €0 | -€32,701 | -100% |
| Gross operating margin | 9900 | €406,414 | €1,179,687 | +€773,273 | +190% |
| Operating profit (loss) | 9901 | €178,068 | €934,366 | +€756,298 | +425% |
| Financial income | 75/76B | €216,614 | €203,917 | -€12,697 | -5.9% |
| Recurring financial income | 75 | €216,614 | €203,917 | -€12,697 | -5.9% |
| Financial charges | 65/66B | €28,709 | €46,906 | +€18,197 | +63.4% |
| Recurring financial charges | 65 | €28,709 | €46,906 | +€18,197 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €365,973 | €1,091,377 | +€725,404 | +198% |
| Transfer from deferred taxes | 780 | €13,043 | €13,043 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €66,798 | +€66,798 | |
| Income taxes | 67/77 | €137,203 | €288,011 | +€150,807 | +110% |
| Profit (loss) for the period | 9904 | €241,812 | €749,611 | +€507,799 | +210% |
| Transfer from tax-exempt reserves | 789 | €39,128 | €39,128 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €200,394 | +€200,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €280,940 | €588,345 | +€307,405 | +109% |
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.