BRFC: 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.
BRFC
Largest movements
- Tangible fixed assets +€484,827
up €484,827 (+74.0%), from €655,506 to €1.1m
- Current assets -€171,220
down €171,220 (-25.1%), from €680,960 to €509,739
of which Cash: -€215,113
- Equity +€170,581
up €170,581 (+24.3%), from €702,837 to €873,417
of which Reserves: +€170,581
- Debts +€143,026
up €143,026 (+22.6%), from €633,629 to €776,655
of which Debts after one year: +€504,200
- Gross operating margin -€24,494
down €24,494 (-7.1%), from €343,450 to €318,956
- Taxes -€20,885
down €20,885 (-25.8%), from €80,997 to €60,112
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,336,465 | €1,650,072 | +€313,607 | +23.5% |
| Fixed assets | 21/28 | €655,506 | €1,140,333 | +€484,827 | +74.0% |
| Tangible fixed assets | 22/27 | €655,506 | €1,140,333 | +€484,827 | +74.0% |
| Current assets | 29/58 | €680,960 | €509,739 | -€171,220 | -25.1% |
| Amounts receivable within one year | 40/41 | €257,315 | €299,857 | +€42,542 | +16.5% |
| Cash at bank and in hand | 54/58 | €421,996 | €206,883 | -€215,113 | -51.0% |
| Total equity and liabilities | 10/49 | €1,336,465 | €1,650,072 | +€313,607 | +23.5% |
| Equity | 10/15 | €702,837 | €873,417 | +€170,581 | +24.3% |
| Reserves | 13 | €227,737 | €398,317 | +€170,581 | +74.9% |
| Profit (loss) carried forward | 14 | -€105,413 | - | +€105,413 | |
| Amounts payable | 17/49 | €633,629 | €776,655 | +€143,026 | +22.6% |
| Amounts payable after more than one year | 17 | €182,222 | €686,422 | +€504,200 | +277% |
| Amounts payable within one year | 42/48 | €448,959 | €89,885 | -€359,074 | -80.0% |
| Trade debts | 44 | €375,207 | €564 | -€374,642 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,048 | €76,157 | +€3,109 | +4.3% |
| Gross operating margin | 9900 | €343,450 | €318,956 | -€24,494 | -7.1% |
| Operating profit (loss) | 9901 | €267,720 | €237,632 | -€30,088 | -11.2% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +25.0% |
| Recurring financial charges | 65 | €1,305 | €6,939 | +€5,634 | +432% |
| Profit (loss) for the period before taxes | 9903 | €266,415 | €230,693 | -€35,722 | -13.4% |
| Income taxes | 67/77 | €80,997 | €60,112 | -€20,885 | -25.8% |
| Profit (loss) for the period | 9904 | €185,418 | €170,581 | -€14,838 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,418 | €86,381 | -€10,038 | -10.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2020 and 30 June 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.