BRF Management: 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.
BRF Management
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-83.0%), from €2.1m to €360,049
of which Trade receivables: -€1.8m
- Cash +€83,949
up €83,949 (+69.0%), from €121,718 to €205,667
mainly Receivables within one year (+€1.8m)
- Trade debts -€1.7m
down €1.7m (-82.6%), from €2.0m to €352,205
- Gross operating margin -€63,875
down €63,875 (-90.9%), from €70,307 to €6,431
- Taxes -€9,455
down €9,455 (-69.0%), from €13,699 to €4,244
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 | €2,243,543 | €565,716 | -€1.7m | -74.8% |
| Current assets | 29/58 | €2,243,543 | €565,716 | -€1.7m | -74.8% |
| Amounts receivable within one year | 40/41 | €2,121,825 | €360,049 | -€1.8m | -83.0% |
| Trade receivables | 40 | €2,121,825 | €286,188 | -€1.8m | -86.5% |
| Other amounts receivable | 41 | - | €73,862 | +€73,862 | |
| Cash at bank and in hand | 54/58 | €121,718 | €205,667 | +€83,949 | +69.0% |
| Total equity and liabilities | 10/49 | €2,243,543 | €565,716 | -€1.7m | -74.8% |
| Equity | 10/15 | €214,334 | €213,511 | -€823 | -0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,684 | €145,861 | -€823 | -0.6% |
| Amounts payable | 17/49 | €2,029,208 | €352,205 | -€1.7m | -82.6% |
| Amounts payable within one year | 42/48 | €2,029,208 | €352,205 | -€1.7m | -82.6% |
| Trade debts | 44 | €2,028,009 | €352,205 | -€1.7m | -82.6% |
| Suppliers | 440/4 | €2,028,009 | €352,205 | -€1.7m | -82.6% |
| Taxes, remuneration and social security | 45 | €1,199 | €0 | -€1,199 | -100.0% |
| Taxes | 450/3 | €1,199 | €0 | -€1,199 | -100.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €70,307 | €6,431 | -€63,875 | -90.9% |
| Operating profit (loss) | 9901 | €69,339 | €5,433 | -€63,906 | -92.2% |
| Financial charges | 65/66B | €2,042 | €2,012 | -€30 | -1.5% |
| Recurring financial charges | 65 | €2,042 | €2,012 | -€30 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €67,297 | €3,421 | -€63,876 | -94.9% |
| Income taxes | 67/77 | €13,699 | €4,244 | -€9,455 | -69.0% |
| Profit (loss) for the period | 9904 | €53,598 | -€823 | -€54,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,598 | -€823 | -€54,421 |
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 4 October 2026 via checked.be.