FAHRY NK GROUP: 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.
FAHRY NK GROUP
Largest movements
- Receivables within one year +€26,799
up €26,799 (+135%), from €19,824 to €46,623
of which Trade receivables: +€41,723
- Tangible fixed assets -€25,887
down €25,887 (-81.1%), from €31,902 to €6,015
of which Furniture and vehicles: -€25,087
- Stocks and contracts -€14,871
down €14,871 (-33.1%), from €44,945 to €30,074
- Cash +€10,292
up €10,292 (+16.9%), from €60,958 to €71,250
mainly Net result for the year (+€29,300) and Investment in fixed assets (net) (+€24,713)
- Trade debts +€17,532
up €17,532 (+69.2%), from €25,329 to €42,860
- Profit (loss) carried forward -€15,700
down €15,700 (-27.2%), from €57,790 to €42,090
- Debts after one year -€13,377
down €13,377 (-100%), from €13,377 to €0
- Tax, wage and social debts +€7,894
up €7,894 (+27.9%), from €28,287 to €36,181
of which Taxes: +€5,894
- Gross operating margin +€24,404
up €24,404 (+64.4%), from €37,870 to €62,274
- Depreciation -€9,709
down €9,709 (-89.2%), from €10,883 to €1,174
- Taxes +€2,513
up €2,513 (+46.5%), from €5,408 to €7,921
- Other operating charges +€2,073
up €2,073 (+60.8%), from €3,412 to €5,484
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 | €157,630 | €154,508 | -€3,122 | -2.0% |
| Fixed assets | 21/28 | €31,902 | €6,015 | -€25,887 | -81.1% |
| Tangible fixed assets | 22/27 | €31,902 | €6,015 | -€25,887 | -81.1% |
| Furniture and vehicles | 24 | €29,530 | €4,443 | -€25,087 | -85.0% |
| Other tangible fixed assets | 26 | €2,373 | €1,573 | -€800 | -33.7% |
| Current assets | 29/58 | €125,727 | €148,493 | +€22,765 | +18.1% |
| Stocks and contracts in progress | 3 | €44,945 | €30,074 | -€14,871 | -33.1% |
| Stocks | 30/36 | €44,945 | €30,074 | -€14,871 | -33.1% |
| Amounts receivable within one year | 40/41 | €19,824 | €46,623 | +€26,799 | +135% |
| Trade receivables | 40 | €3,895 | €45,618 | +€41,723 | +1,071% |
| Other amounts receivable | 41 | €15,929 | €1,006 | -€14,924 | -93.7% |
| Cash at bank and in hand | 54/58 | €60,958 | €71,250 | +€10,292 | +16.9% |
| Deferred charges and accrued income | 490/1 | €0 | €545 | +€545 | |
| Total equity and liabilities | 10/49 | €157,630 | €154,508 | -€3,122 | -2.0% |
| Equity | 10/15 | €77,790 | €62,090 | -€15,700 | -20.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,790 | €42,090 | -€15,700 | -27.2% |
| Amounts payable | 17/49 | €79,840 | €92,418 | +€12,578 | +15.8% |
| Amounts payable after more than one year | 17 | €13,377 | €0 | -€13,377 | -100% |
| Financial debts | 170/4 | €13,377 | €0 | -€13,377 | -100% |
| Amounts payable within one year | 42/48 | €66,463 | €92,418 | +€25,955 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €12,847 | €13,377 | +€530 | +4.1% |
| Trade debts | 44 | €25,329 | €42,860 | +€17,532 | +69.2% |
| Suppliers | 440/4 | €25,329 | €42,860 | +€17,532 | +69.2% |
| Taxes, remuneration and social security | 45 | €28,287 | €36,181 | +€7,894 | +27.9% |
| Taxes | 450/3 | €26,287 | €32,181 | +€5,894 | +22.4% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Non-recurring operating income | 76A | - | €4,561 | +€4,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,883 | €1,174 | -€9,709 | -89.2% |
| Other operating charges | 640/8 | €3,412 | €5,484 | +€2,073 | +60.8% |
| Non-recurring operating charges | 66A | - | €17,446 | +€17,446 | |
| Gross operating margin | 9900 | €37,870 | €62,274 | +€24,404 | +64.4% |
| Operating profit (loss) | 9901 | €23,576 | €38,169 | +€14,594 | +61.9% |
| Financial income | 75/76B | €372 | €158 | -€214 | -57.6% |
| Recurring financial income | 75 | €372 | €158 | -€214 | -57.6% |
| Financial charges | 65/66B | €1,576 | €1,105 | -€471 | -29.9% |
| Recurring financial charges | 65 | €1,576 | €1,105 | -€471 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €22,371 | €37,222 | +€14,850 | +66.4% |
| Income taxes | 67/77 | €5,408 | €7,921 | +€2,513 | +46.5% |
| Profit (loss) for the period | 9904 | €16,963 | €29,300 | +€12,337 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,963 | €29,300 | +€12,337 | +72.7% |
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 26 October 2026 via checked.be.