BENEPHARMA: 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.
BENEPHARMA
Largest movements
- Tangible fixed assets -€54,657
down €54,657 (-15.8%), from €345,034 to €290,377
- Cash -€29,658
down €29,658 (-17.6%), from €168,093 to €138,435
mainly Contributions, distributions and other (-€207,412) and Debts after one year (-€28,241)
- Stocks and contracts +€18,863
up €18,863 (+11.1%), from €169,728 to €188,590
- Receivables within one year +€17,678
up €17,678 (+19.7%), from €89,717 to €107,395
of which Trade receivables: +€15,019
- Intangible fixed assets -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Reserves -€45,738
down €45,738 (-9.3%), from €492,418 to €446,680
of which Distributable reserves: -€45,738
- Debts after one year -€28,241
down €28,241 (-12.9%), from €219,693 to €191,452
- Tax, wage and social debts +€19,752
up €19,752 (+77.4%), from €25,532 to €45,284
of which Taxes: +€19,502
- Gross operating margin +€46,214
up €46,214 (+10.9%), from €425,658 to €471,873
- Taxes +€13,413
up €13,413 (+23.1%), from €58,092 to €71,505
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 | €876,153 | €813,930 | -€62,224 | -7.1% |
| Fixed assets | 21/28 | €445,480 | €375,823 | -€69,657 | -15.6% |
| Intangible fixed assets | 21 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Tangible fixed assets | 22/27 | €345,034 | €290,377 | -€54,657 | -15.8% |
| Land and buildings | 22 | €197,467 | €176,007 | -€21,460 | -10.9% |
| Plant, machinery and equipment | 23 | €69,169 | €53,848 | -€15,322 | -22.2% |
| Furniture and vehicles | 24 | €78,398 | €55,273 | -€23,125 | -29.5% |
| Other tangible fixed assets | 26 | - | €5,250 | +€5,250 | |
| Financial fixed assets | 28 | €55,446 | €55,446 | = | 0.0% |
| Current assets | 29/58 | €430,674 | €438,107 | +€7,433 | +1.7% |
| Stocks and contracts in progress | 3 | €169,728 | €188,590 | +€18,863 | +11.1% |
| Stocks | 30/36 | €169,728 | €188,590 | +€18,863 | +11.1% |
| Amounts receivable within one year | 40/41 | €89,717 | €107,395 | +€17,678 | +19.7% |
| Trade receivables | 40 | €89,712 | €104,731 | +€15,019 | +16.7% |
| Other amounts receivable | 41 | €4 | €2,664 | +€2,659 | +59760.0% |
| Cash at bank and in hand | 54/58 | €168,093 | €138,435 | -€29,658 | -17.6% |
| Deferred charges and accrued income | 490/1 | €3,136 | €3,686 | +€550 | +17.6% |
| Total equity and liabilities | 10/49 | €876,153 | €813,930 | -€62,224 | -7.1% |
| Equity | 10/15 | €504,818 | €459,080 | -€45,738 | -9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €492,418 | €446,680 | -€45,738 | -9.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €490,558 | €444,820 | -€45,738 | -9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €371,335 | €354,849 | -€16,486 | -4.4% |
| Amounts payable after more than one year | 17 | €219,693 | €191,452 | -€28,241 | -12.9% |
| Financial debts | 170/4 | €219,693 | €191,452 | -€28,241 | -12.9% |
| Amounts payable within one year | 42/48 | €148,641 | €160,243 | +€11,602 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €27,815 | €28,241 | +€426 | +1.5% |
| Trade debts | 44 | €46,745 | €44,261 | -€2,485 | -5.3% |
| Suppliers | 440/4 | €46,745 | €44,261 | -€2,485 | -5.3% |
| Taxes, remuneration and social security | 45 | €25,532 | €45,284 | +€19,752 | +77.4% |
| Taxes | 450/3 | €4,402 | €23,905 | +€19,502 | +443.0% |
| Remuneration and social security | 454/9 | €21,130 | €21,379 | +€250 | +1.2% |
| Other amounts payable | 47/48 | €48,549 | €42,458 | -€6,091 | -12.5% |
| Accrued charges and deferred income | 492/3 | €3,001 | €3,154 | +€153 | +5.1% |
| Remuneration, social security and pensions | 62 | €149,993 | €153,242 | +€3,249 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,628 | €74,907 | +€2,279 | +3.1% |
| Other operating charges | 640/8 | €972 | €964 | -€8 | -0.8% |
| Gross operating margin | 9900 | €425,658 | €471,873 | +€46,214 | +10.9% |
| Operating profit (loss) | 9901 | €202,066 | €242,760 | +€40,695 | +20.1% |
| Financial income | 75/76B | €720 | €219 | -€501 | -69.5% |
| Recurring financial income | 75 | €720 | €219 | -€501 | -69.5% |
| Financial charges | 65/66B | €9,240 | €9,801 | +€561 | +6.1% |
| Recurring financial charges | 65 | €9,240 | €9,801 | +€561 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €193,546 | €233,179 | +€39,633 | +20.5% |
| Income taxes | 67/77 | €58,092 | €71,505 | +€13,413 | +23.1% |
| Profit (loss) for the period | 9904 | €135,454 | €161,674 | +€26,220 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,454 | €161,674 | +€26,220 | +19.4% |
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 10 October 2026 via checked.be.