BENATPHARMA: 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.
BENATPHARMA
Largest movements
- Receivables within one year +€31,311
up €31,311 (+43.1%), from €72,721 to €104,033
of which Trade receivables: +€31,691
- Tangible fixed assets -€26,203
down €26,203 (-11.5%), from €227,410 to €201,208
of which Land and buildings: -€22,411
- Cash -€10,789
down €10,789 (-13.9%), from €77,591 to €66,802
mainly Contributions, distributions and other (-€40,526) and Receivables within one year (-€31,311)
- Stocks and contracts -€5,811
down €5,811 (-11.8%), from €49,089 to €43,278
- Debts after one year -€22,861
down €22,861 (-10.4%), from €219,792 to €196,932
- Trade debts +€15,468
up €15,468 (+50.2%), from €30,817 to €46,285
- Contributions -€11,926
down €11,926 (-30.6%), from €39,011 to €27,084
- Profit (loss) carried forward +€10,313
up €10,313 (+18.2%), from €56,754 to €67,067
- Gross operating margin +€5,820
up €5,820 (+3.8%), from €153,318 to €159,139
- Staff costs +€2,882
up €2,882 (+4.4%), from €66,167 to €69,049
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,650 | €420,772 | -€11,878 | -2.7% |
| Fixed assets | 21/28 | €227,410 | €201,208 | -€26,203 | -11.5% |
| Tangible fixed assets | 22/27 | €227,410 | €201,208 | -€26,203 | -11.5% |
| Land and buildings | 22 | €201,533 | €179,122 | -€22,411 | -11.1% |
| Plant, machinery and equipment | 23 | €9,720 | €13,960 | +€4,240 | +43.6% |
| Furniture and vehicles | 24 | €16,157 | €8,126 | -€8,031 | -49.7% |
| Current assets | 29/58 | €205,240 | €219,564 | +€14,324 | +7.0% |
| Stocks and contracts in progress | 3 | €49,089 | €43,278 | -€5,811 | -11.8% |
| Stocks | 30/36 | €49,089 | €43,278 | -€5,811 | -11.8% |
| Amounts receivable within one year | 40/41 | €72,721 | €104,033 | +€31,311 | +43.1% |
| Trade receivables | 40 | €58,274 | €89,965 | +€31,691 | +54.4% |
| Other amounts receivable | 41 | €14,448 | €14,068 | -€380 | -2.6% |
| Cash at bank and in hand | 54/58 | €77,591 | €66,802 | -€10,789 | -13.9% |
| Deferred charges and accrued income | 490/1 | €5,838 | €5,451 | -€387 | -6.6% |
| Total equity and liabilities | 10/49 | €432,650 | €420,772 | -€11,878 | -2.7% |
| Equity | 10/15 | €102,764 | €101,151 | -€1,613 | -1.6% |
| Contributions | 10/11 | €39,011 | €27,084 | -€11,926 | -30.6% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,754 | €67,067 | +€10,313 | +18.2% |
| Amounts payable | 17/49 | €329,886 | €319,621 | -€10,266 | -3.1% |
| Amounts payable after more than one year | 17 | €219,792 | €196,932 | -€22,861 | -10.4% |
| Financial debts | 170/4 | €219,792 | €196,932 | -€22,861 | -10.4% |
| Amounts payable within one year | 42/48 | €110,094 | €122,689 | +€12,595 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €24,532 | €22,861 | -€1,671 | -6.8% |
| Financial debts | 43 | €14,103 | €14,118 | +€15 | +0.1% |
| Credit institutions | 430/8 | €14,103 | €14,118 | +€15 | +0.1% |
| Trade debts | 44 | €30,817 | €46,285 | +€15,468 | +50.2% |
| Suppliers | 440/4 | €30,817 | €46,285 | +€15,468 | +50.2% |
| Taxes, remuneration and social security | 45 | €9,336 | €10,826 | +€1,490 | +16.0% |
| Taxes | 450/3 | €992 | €2,131 | +€1,138 | +114.7% |
| Remuneration and social security | 454/9 | €8,343 | €8,695 | +€352 | +4.2% |
| Other amounts payable | 47/48 | €31,306 | €28,600 | -€2,706 | -8.6% |
| Remuneration, social security and pensions | 62 | €66,167 | €69,049 | +€2,882 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,957 | €34,358 | -€600 | -1.7% |
| Other operating charges | 640/8 | €105 | €0 | -€105 | -99.8% |
| Gross operating margin | 9900 | €153,318 | €159,139 | +€5,820 | +3.8% |
| Operating profit (loss) | 9901 | €52,089 | €55,731 | +€3,642 | +7.0% |
| Financial income | 75/76B | €1,664 | €1,293 | -€372 | -22.3% |
| Recurring financial income | 75 | €1,664 | €1,293 | -€372 | -22.3% |
| Financial charges | 65/66B | €5,618 | €6,514 | +€896 | +15.9% |
| Recurring financial charges | 65 | €5,618 | €6,514 | +€896 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €48,135 | €50,510 | +€2,375 | +4.9% |
| Income taxes | 67/77 | €11,068 | €11,597 | +€529 | +4.8% |
| Profit (loss) for the period | 9904 | €37,067 | €38,913 | +€1,846 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,067 | €38,913 | +€1,846 | +5.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.