BINCHE PHARMA: 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.
BINCHE PHARMA
Largest movements
- Cash -€78,142
down €78,142 (-40.2%), from €194,404 to €116,262
mainly Debts after one year (-€137,103) and Tax, wage and social debts (-€28,850)
- Intangible fixed assets -€67,868
down €67,868 (-6.1%), from €1.1m to €1.1m
- Receivables within one year +€21,806
up €21,806 (+24.5%), from €88,961 to €110,767
of which Trade receivables: +€14,149
- Tangible fixed assets -€17,008
down €17,008 (-26.6%), from €63,932 to €46,923
of which Land and buildings: -€15,358
- Debts after one year -€137,103
down €137,103 (-12.9%), from €1.1m to €929,579
- Other debts +€48,776
up €48,776 (+49.6%), from €98,377 to €147,153
- Tax, wage and social debts -€28,850
down €28,850 (-24.0%), from €120,004 to €91,154
of which Remuneration and social security: -€41,646
- Gross operating margin -€66,066
down €66,066 (-11.9%), from €556,362 to €490,296
- Taxes -€15,613
down €15,613 (-40.2%), from €38,794 to €23,181
- Staff costs +€10,194
up €10,194 (+2.8%), from €360,940 to €371,134
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,637,034 | €1,505,607 | -€131,427 | -8.0% |
| Fixed assets | 21/28 | €1,184,290 | €1,099,414 | -€84,876 | -7.2% |
| Intangible fixed assets | 21 | €1,120,285 | €1,052,418 | -€67,868 | -6.1% |
| Tangible fixed assets | 22/27 | €63,932 | €46,923 | -€17,008 | -26.6% |
| Land and buildings | 22 | €60,150 | €44,792 | -€15,358 | -25.5% |
| Plant, machinery and equipment | 23 | €2,613 | €2,131 | -€482 | -18.4% |
| Furniture and vehicles | 24 | €1,169 | - | -€1,169 | |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €452,743 | €406,193 | -€46,551 | -10.3% |
| Stocks and contracts in progress | 3 | €165,554 | €174,481 | +€8,927 | +5.4% |
| Stocks | 30/36 | €165,554 | €174,481 | +€8,927 | +5.4% |
| Amounts receivable within one year | 40/41 | €88,961 | €110,767 | +€21,806 | +24.5% |
| Trade receivables | 40 | €88,198 | €102,347 | +€14,149 | +16.0% |
| Other amounts receivable | 41 | €763 | €8,421 | +€7,658 | +1,004% |
| Cash at bank and in hand | 54/58 | €194,404 | €116,262 | -€78,142 | -40.2% |
| Deferred charges and accrued income | 490/1 | €3,824 | €4,682 | +€858 | +22.4% |
| Total equity and liabilities | 10/49 | €1,637,034 | €1,505,607 | -€131,427 | -8.0% |
| Equity | 10/15 | €102,272 | €96,756 | -€5,516 | -5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €92,272 | €86,756 | -€5,516 | -6.0% |
| Distributable reserves | 133 | €92,272 | €86,756 | -€5,516 | -6.0% |
| Amounts payable | 17/49 | €1,534,761 | €1,408,851 | -€125,910 | -8.2% |
| Amounts payable after more than one year | 17 | €1,066,682 | €929,579 | -€137,103 | -12.9% |
| Financial debts | 170/4 | €1,066,682 | €929,579 | -€137,103 | -12.9% |
| Amounts payable within one year | 42/48 | €455,680 | €478,191 | +€22,511 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €135,577 | €147,442 | +€11,866 | +8.8% |
| Trade debts | 44 | €101,723 | €92,442 | -€9,281 | -9.1% |
| Suppliers | 440/4 | €98,449 | €92,442 | -€6,007 | -6.1% |
| Bills of exchange payable | 441 | €3,274 | - | -€3,274 | |
| Taxes, remuneration and social security | 45 | €120,004 | €91,154 | -€28,850 | -24.0% |
| Taxes | 450/3 | €78,358 | €91,154 | +€12,796 | +16.3% |
| Remuneration and social security | 454/9 | €41,646 | - | -€41,646 | |
| Other amounts payable | 47/48 | €98,377 | €147,153 | +€48,776 | +49.6% |
| Accrued charges and deferred income | 492/3 | €12,400 | €1,082 | -€11,318 | -91.3% |
| Remuneration, social security and pensions | 62 | €360,940 | €371,134 | +€10,194 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,522 | €84,876 | -€2,645 | -3.0% |
| Other operating charges | 640/8 | €1,045 | €386 | -€659 | -63.1% |
| Gross operating margin | 9900 | €556,362 | €490,296 | -€66,066 | -11.9% |
| Operating profit (loss) | 9901 | €106,856 | €33,901 | -€72,955 | -68.3% |
| Financial income | 75/76B | €959 | €920 | -€39 | -4.1% |
| Recurring financial income | 75 | €959 | €920 | -€39 | -4.1% |
| Financial charges | 65/66B | €18,973 | €17,156 | -€1,817 | -9.6% |
| Recurring financial charges | 65 | €18,973 | €17,156 | -€1,817 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €88,842 | €17,664 | -€71,177 | -80.1% |
| Income taxes | 67/77 | €38,794 | €23,181 | -€15,613 | -40.2% |
| Profit (loss) for the period | 9904 | €50,048 | -€5,516 | -€55,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,048 | -€5,516 | -€55,564 |
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 18 October 2026 via checked.be.