Fasska 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.
What changed
Fasska Holding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €29.2m-€27.6m
Equity
€111.9m
2024 · €110.4m+€1.6m
Cash
€2.4m
2024 · €24.8m-€22.5m
Balance sheet total
€112.3m
2024 · €113.7m-€1.4m
Largest movements
Assets
- Cash -€22.5m
down €22.5m (-90.5%), from €24.8m to €2.4m
mainly Current investments (-€19.7m) and Other debts (-€3.0m)
- Current investments +€19.7m
up €19.7m (+32.7%), from €60.2m to €79.9m
- Tangible fixed assets +€1.4m
up €1.4m (+17.9%), from €8.0m to €9.4m
of which Assets under construction and advance payments: +€1.3m
Equity and liabilities
- Other debts -€3.0m
no longer reported in 2025 (was €3.0m)
- Reserves +€1.7m
up €1.7m (+1.6%), from €108.2m to €109.9m
of which Distributable reserves: +€1.7m
Income statement
- Financial income -€27.4m
down €27.4m (-91.8%), from €29.9m to €2.5m
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
€29.2m
Depreciation
-€90,931
Other operating items
+€47,525
Financial income
-€27.4m
Financial charges
-€573
Taxes
-€111,755
Result 2025
€1.6m
lowers the resultnot broken down further in the accounts
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.
From operations
-€1.1m
Investment
-€21.3m
Financing
€0
Cash 2024
€24.8m
From operations (derived)
-€1.1m
Net result for the year
+€1.6m
Depreciation
+€310,717
Receivables within one year
+€58,648
Deferred charges and accrued income
-€56,825
Smaller working-capital items
+€27,855
Other debts
-€3.0m
Accrued charges and deferred income
-€58,378
Investment (derived)
-€21.3m
Investment in fixed assets (net)
-€1.7m
Current investments
-€19.7m
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,718,765 | €112,273,439 | -€1.4m | -1.3% |
| Fixed assets | 21/28 | €27,857,268 | €29,222,663 | +€1.4m | +4.9% |
| Tangible fixed assets | 22/27 | €8,006,140 | €9,436,557 | +€1.4m | +17.9% |
| Land and buildings | 22 | €7,571,829 | €7,678,729 | +€106,900 | +1.4% |
| Furniture and vehicles | 24 | €35,113 | €20,139 | -€14,974 | -42.6% |
| Assets under construction and advance payments | 27 | €399,198 | €1,737,690 | +€1.3m | +335% |
| Financial fixed assets | 28 | €19,851,129 | €19,786,105 | -€65,024 | -0.3% |
| Affiliated companies | 280/1 | €17,645,000 | €17,645,000 | = | 0.0% |
| Participating interests | 280 | €17,645,000 | €17,645,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,206,129 | €2,141,105 | -€65,024 | -2.9% |
| Shares | 284 | €23,082 | €23,082 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,183,047 | €2,118,024 | -€65,024 | -3.0% |
| Current assets | 29/58 | €85,861,497 | €83,050,776 | -€2.8m | -3.3% |
| Amounts receivable within one year | 40/41 | €243,283 | €184,635 | -€58,648 | -24.1% |
| Other amounts receivable | 41 | €243,283 | €184,635 | -€58,648 | -24.1% |
| Current investments | 50/53 | €60,216,106 | €79,877,873 | +€19.7m | +32.7% |
| Other investments | 51/53 | €60,216,106 | €79,877,873 | +€19.7m | +32.7% |
| Cash at bank and in hand | 54/58 | €24,820,807 | €2,350,144 | -€22.5m | -90.5% |
| Deferred charges and accrued income | 490/1 | €581,300 | €638,125 | +€56,825 | +9.8% |
| Total equity and liabilities | 10/49 | €113,718,765 | €112,273,439 | -€1.4m | -1.3% |
| Equity | 10/15 | €110,352,222 | €111,937,420 | +€1.6m | +1.4% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €108,200,000 | €109,937,420 | +€1.7m | +1.6% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €108,000,000 | €109,737,420 | +€1.7m | +1.6% |
| Profit (loss) carried forward | 14 | €152,222 | - | -€152,222 | |
| Amounts payable | 17/49 | €3,366,543 | €336,019 | -€3.0m | -90.0% |
| Amounts payable within one year | 42/48 | €3,181,423 | €209,278 | -€3.0m | -93.4% |
| Trade debts | 44 | €22,391 | €34,593 | +€12,202 | +54.5% |
| Suppliers | 440/4 | €22,391 | €34,593 | +€12,202 | +54.5% |
| Taxes, remuneration and social security | 45 | €159,032 | €174,685 | +€15,653 | +9.8% |
| Taxes | 450/3 | €159,032 | €174,685 | +€15,653 | +9.8% |
| Other amounts payable | 47/48 | €3,000,000 | - | -€3.0m | |
| Accrued charges and deferred income | 492/3 | €185,119 | €126,741 | -€58,378 | -31.5% |
| Operating income | 70/76A | €126,140 | €212,947 | +€86,807 | +68.8% |
| Other operating income | 74 | €126,140 | €196,891 | +€70,751 | +56.1% |
| Non-recurring operating income | 76A | - | €16,056 | +€16,056 | |
| Operating charges | 60/66A | €430,016 | €560,229 | +€130,213 | +30.3% |
| Services and other goods | 61 | €210,230 | €249,512 | +€39,282 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,786 | €310,717 | +€90,931 | +41.4% |
| Operating profit (loss) | 9901 | -€303,876 | -€347,282 | -€43,406 | -14.3% |
| Financial income | 75/76B | €29,879,279 | €2,464,553 | -€27.4m | -91.8% |
| Recurring financial income | 75 | €29,879,279 | €2,464,553 | -€27.4m | -91.8% |
| Income from financial fixed assets | 750 | €28,000,000 | - | -€28.0m | |
| Income from current assets | 751 | €1,879,279 | €2,464,553 | +€585,274 | +31.1% |
| Financial charges | 65/66B | €45,449 | €46,022 | +€573 | +1.3% |
| Recurring financial charges | 65 | €45,449 | €46,022 | +€573 | +1.3% |
| Debt charges | 650 | - | €467 | +€467 | |
| Other financial charges | 652/9 | €45,449 | €45,555 | +€106 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €29,529,954 | €2,071,248 | -€27.5m | -93.0% |
| Income taxes | 67/77 | €374,296 | €486,050 | +€111,755 | +29.9% |
| Taxes | 670/3 | €374,313 | €486,108 | +€111,795 | +29.9% |
| Tax adjustments and reversals of tax provisions | 77 | €17 | €57 | +€40 | +238% |
| Profit (loss) for the period | 9904 | €29,155,658 | €1,585,198 | -€27.6m | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,155,658 | €1,585,198 | -€27.6m | -94.6% |
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 24 October 2026 via checked.be.