ASE HOLDING: 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.
ASE HOLDING
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Receivables within one year +€451,357
up €451,357 (+25,075%), from €1,800 to €453,157
of which Other amounts receivable: +€451,371
- Cash +€57,436
up €57,436 (+628%), from €9,150 to €66,585
mainly Other debts (+€1.1m) and Investment in fixed assets (net) (+€36,365)
- Financial fixed assets -€36,365
down €36,365 (-2.4%), from €1.5m to €1.5m
- Other debts +€1.1m
up €1.1m (+1,543%), from €70,000 to €1.2m
No income-statement line moved by more than 1% of the activity.
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 | €1,530,182 | €2,602,609 | +€1.1m | +70.1% |
| Fixed assets | 21/28 | €1,519,232 | €1,482,866 | -€36,365 | -2.4% |
| Financial fixed assets | 28 | €1,519,232 | €1,482,866 | -€36,365 | -2.4% |
| Companies linked by participating interests | 282/3 | €1,519,232 | €1,482,866 | -€36,365 | -2.4% |
| Participating interests | 282 | €1,519,232 | €1,482,866 | -€36,365 | -2.4% |
| Current assets | 29/58 | €10,950 | €1,119,743 | +€1.1m | +10,126% |
| Amounts receivable within one year | 40/41 | €1,800 | €453,157 | +€451,357 | +25,075% |
| Trade receivables | 40 | €14 | - | -€14 | |
| Other amounts receivable | 41 | €1,787 | €453,157 | +€451,371 | +25,265% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Other investments | 51/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €9,150 | €66,585 | +€57,436 | +628% |
| Total equity and liabilities | 10/49 | €1,530,182 | €2,602,609 | +€1.1m | +70.1% |
| Equity | 10/15 | €1,460,168 | €1,447,980 | -€12,188 | -0.8% |
| 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 | €1,407,732 | €1,407,732 | = | 0.0% |
| Non-distributable reserves | 130/1 | €851 | €851 | = | 0.0% |
| Legal reserve | 130 | €806 | €806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45 | €45 | = | 0.0% |
| Tax-exempt reserves | 132 | €484 | €484 | = | 0.0% |
| Distributable reserves | 133 | €1,406,397 | €1,406,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,063 | -€21,251 | -€12,188 | -134% |
| Amounts payable | 17/49 | €70,013 | €1,154,629 | +€1.1m | +1,549% |
| Amounts payable within one year | 42/48 | €70,013 | €1,154,629 | +€1.1m | +1,549% |
| Trade debts | 44 | €13 | €4,629 | +€4,616 | +34,940% |
| Suppliers | 440/4 | €13 | €4,629 | +€4,616 | +34,940% |
| Other amounts payable | 47/48 | €70,000 | €1,150,000 | +€1.1m | +1,543% |
| Operating charges | 60/66A | €9,050 | €12,290 | +€3,240 | +35.8% |
| Services and other goods | 61 | €9,050 | €12,170 | +€3,120 | +34.5% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Operating profit (loss) | 9901 | -€9,050 | -€12,290 | -€3,240 | -35.8% |
| Financial income | 75/76B | - | €579 | +€579 | |
| Recurring financial income | 75 | - | €579 | +€579 | |
| Income from current assets | 751 | - | €579 | +€579 | |
| Financial charges | 65/66B | €13 | €303 | +€290 | +2,192% |
| Recurring financial charges | 65 | €13 | €303 | +€290 | +2,192% |
| Other financial charges | 652/9 | €13 | €303 | +€290 | +2,192% |
| Profit (loss) for the period before taxes | 9903 | -€9,063 | -€12,014 | -€2,951 | -32.6% |
| Income taxes | 67/77 | - | €174 | +€174 | |
| Taxes | 670/3 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | -€9,063 | -€12,188 | -€3,125 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,063 | -€12,188 | -€3,125 | -34.5% |
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 28 October 2026 via checked.be.