ASE METALS: 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.
What changed
ASE METALS
NACE 46.820, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €3.2m-€1.4m
Equity
€12.9m
2024 · €12.1m+€780,928
Cash
€781,687
2024 · €1.1m-€340,237
Balance sheet total
€55.4m
2024 · €64.1m-€8.8m
Largest movements
Assets
- Receivables within one year -€8.6m
down €8.6m (-13.7%), from €62.7m to €54.1m
of which Trade receivables: -€8.0m
Equity and liabilities
- Short-term financial debts -€5.7m
down €5.7m (-14.5%), from €39.1m to €33.4m
- Trade debts -€2.3m
down €2.3m (-26.2%), from €8.8m to €6.5m
- Other debts -€1.2m
down €1.2m (-55.6%), from €2.2m to €979,629
- Reserves +€780,928
up €780,928 (+6.5%), from €12.0m to €12.8m
of which Distributable reserves: +€675,678
Income statement
- Turnover +€31.2m
up €31.2m (+20.9%), from €149.4m to €180.6m
- Goods and materials +€30.5m
up €30.5m (+22.1%), from €137.9m to €168.4m
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.
Result 2024
€3.2m
Turnover
+€31.2m
Other operating income
+€674,873
Goods and materials
-€30.5m
Services and other goods
-€74,879
Staff costs
-€418,489
Depreciation
-€1,097
Write-downs
-€114,306
Other operating charges
-€495,155
Other operating items
+€31,589
Financial income
-€1.1m
Financial charges
-€438,752
Taxes
-€243,435
Result 2025
€1.8m
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.
From operations
+€7.0m
Investment
-€211,571
Financing
-€7.1m
Cash 2024
€1.1m
From operations (derived)
+€7.0m
Net result for the year
+€1.8m
Depreciation
+€85,776
Stocks and contracts
-€5,009
Receivables within one year
+€8.6m
Deferred charges and accrued income
-€31,792
Trade debts
-€2.3m
Tax, wage and social debts
+€364,025
Other debts
-€1.2m
Accrued charges and deferred income
-€206,206
Investment (derived)
-€211,571
Investment in fixed assets (net)
-€212,815
Current investments
+€1,244
Financing
-€7.1m
Debts after one year
-€500,000
Short-term financial debts
-€5.7m
Contributions, distributions and other
-€980,000
Cash 2025
€781,687
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,137,448 | €55,380,618 | -€8.8m | -13.7% |
| Fixed assets | 21/28 | €283,304 | €410,343 | +€127,039 | +44.8% |
| Tangible fixed assets | 22/27 | €283,304 | €410,343 | +€127,039 | +44.8% |
| Furniture and vehicles | 24 | €152,015 | €303,362 | +€151,347 | +99.6% |
| Other tangible fixed assets | 26 | €131,290 | €106,982 | -€24,308 | -18.5% |
| Current assets | 29/58 | €63,854,144 | €54,970,275 | -€8.9m | -13.9% |
| Stocks and contracts in progress | 3 | €4,412 | €9,421 | +€5,009 | +113.5% |
| Contracts in progress | 37 | €4,412 | €9,421 | +€5,009 | +113.5% |
| Amounts receivable within one year | 40/41 | €62,717,296 | €54,138,108 | -€8.6m | -13.7% |
| Trade receivables | 40 | €62,058,248 | €54,047,177 | -€8.0m | -12.9% |
| Other amounts receivable | 41 | €659,048 | €90,932 | -€568,116 | -86.2% |
| Current investments | 50/53 | €1,244 | - | -€1,244 | |
| Other investments | 51/53 | €1,244 | - | -€1,244 | |
| Cash at bank and in hand | 54/58 | €1,121,923 | €781,687 | -€340,237 | -30.3% |
| Deferred charges and accrued income | 490/1 | €9,268 | €41,059 | +€31,792 | +343.0% |
| Total equity and liabilities | 10/49 | €64,137,448 | €55,380,618 | -€8.8m | -13.7% |
| Equity | 10/15 | €12,089,149 | €12,870,076 | +€780,928 | +6.5% |
| 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 | €12,027,649 | €12,808,576 | +€780,928 | +6.5% |
| Non-distributable reserves | 130/1 | €6,451 | €6,451 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €301 | €301 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,218 | €108,468 | +€105,250 | +3270.3% |
| Distributable reserves | 133 | €12,017,980 | €12,693,658 | +€675,678 | +5.6% |
| Amounts payable | 17/49 | €52,048,299 | €42,510,542 | -€9.5m | -18.3% |
| Amounts payable after more than one year | 17 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Financial debts | 170/4 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Subordinated loans | 170 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Amounts payable within one year | 42/48 | €50,774,451 | €41,942,899 | -€8.8m | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 43 | €39,072,668 | €33,414,269 | -€5.7m | -14.5% |
| Credit institutions | 430/8 | €39,072,668 | €33,414,269 | -€5.7m | -14.5% |
| Trade debts | 44 | €8,806,417 | €6,495,865 | -€2.3m | -26.2% |
| Suppliers | 440/4 | €8,806,417 | €6,495,865 | -€2.3m | -26.2% |
| Taxes, remuneration and social security | 45 | €189,110 | €553,135 | +€364,025 | +192.5% |
| Taxes | 450/3 | €18,516 | €285,515 | +€266,999 | +1442.0% |
| Remuneration and social security | 454/9 | €170,594 | €267,620 | +€97,026 | +56.9% |
| Other amounts payable | 47/48 | €2,206,256 | €979,629 | -€1.2m | -55.6% |
| Accrued charges and deferred income | 492/3 | €273,849 | €67,643 | -€206,206 | -75.3% |
| Operating income | 70/76A | €150,460,033 | €182,376,253 | +€31.9m | +21.2% |
| Turnover | 70 | €149,420,024 | €180,630,222 | +€31.2m | +20.9% |
| Other operating income | 74 | €1,037,117 | €1,711,990 | +€674,873 | +65.1% |
| Non-recurring operating income | 76A | €2,893 | €34,042 | +€31,149 | +1076.9% |
| Operating charges | 60/66A | €143,998,319 | €175,566,289 | +€31.6m | +21.9% |
| Goods for resale, raw materials and consumables | 60 | €137,908,578 | €168,373,062 | +€30.5m | +22.1% |
| Purchases | 600/8 | €137,908,578 | €168,373,062 | +€30.5m | +22.1% |
| Services and other goods | 61 | €4,436,244 | €4,511,123 | +€74,879 | +1.7% |
| Remuneration, social security and pensions | 62 | €1,135,306 | €1,553,795 | +€418,489 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,679 | €85,776 | +€1,097 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €86,552 | €200,858 | +€114,306 | +132.1% |
| Other operating charges | 640/8 | €346,520 | €841,676 | +€495,155 | +142.9% |
| Non-recurring operating charges | 66A | €440 | - | -€440 | |
| Operating profit (loss) | 9901 | €6,461,713 | €6,809,964 | +€348,251 | +5.4% |
| Financial income | 75/76B | €1,194,009 | €119,474 | -€1.1m | -90.0% |
| Recurring financial income | 75 | €1,194,009 | €119,474 | -€1.1m | -90.0% |
| Income from financial fixed assets | 750 | €798,667 | - | -€798,667 | |
| Income from current assets | 751 | €51,433 | €90,076 | +€38,643 | +75.1% |
| Other financial income | 752/9 | €343,909 | €29,397 | -€314,512 | -91.5% |
| Financial charges | 65/66B | €4,152,706 | €4,591,458 | +€438,752 | +10.6% |
| Recurring financial charges | 65 | €4,152,706 | €4,591,458 | +€438,752 | +10.6% |
| Debt charges | 650 | €3,278,581 | €3,279,659 | +€1,078 | 0.0% |
| Other financial charges | 652/9 | €874,125 | €1,311,799 | +€437,674 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €3,503,017 | €2,337,980 | -€1.2m | -33.3% |
| Income taxes | 67/77 | €333,618 | €577,052 | +€243,435 | +73.0% |
| Taxes | 670/3 | €333,618 | €612,753 | +€279,136 | +83.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €35,701 | +€35,701 | |
| Profit (loss) for the period | 9904 | €3,169,399 | €1,760,928 | -€1.4m | -44.4% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,169,399 | €1,655,678 | -€1.5m | -47.8% |
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 9 October 2026 via checked.be.