Quaestor B21: what changed
Quaestor B21
Largest movements
- Current investments -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Financial fixed assets +€728,958
up €728,958 (+2.5%), from €29.2m to €29.9m
- Cash +€685,049
up €685,049 (+583%), from €117,450 to €802,500
mainly Current investments (+€1.0m) and Net result for the year (+€287,384)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€762,449
down €762,449 (-99.6%), from €765,582 to €3,133
of which Non-recurring financial charges: -€763,213
- Financial income +€708,786
up €708,786 (+1,582%), from €44,795 to €753,581
of which Non-recurring financial income: +€728,958
- Gross operating margin -€122,790
down €122,790 (-36.4%), from -€337,357 to -€460,147
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,304,141 | €30,715,445 | +€411,304 | +1.4% |
| Formation expenses | 20 | €6,576 | €3,846 | -€2,730 | -41.5% |
| Fixed assets | 21/28 | €29,179,995 | €29,908,953 | +€728,958 | +2.5% |
| Financial fixed assets | 28 | €29,179,995 | €29,908,953 | +€728,958 | +2.5% |
| Current assets | 29/58 | €1,117,570 | €802,646 | -€314,924 | -28.2% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100% |
| Cash at bank and in hand | 54/58 | €117,450 | €802,500 | +€685,049 | +583% |
| Deferred charges and accrued income | 490/1 | €119 | €146 | +€27 | +22.3% |
| Total equity and liabilities | 10/49 | €30,304,141 | €30,715,445 | +€411,304 | +1.4% |
| Equity | 10/15 | €30,220,671 | €30,508,055 | +€287,384 | +1.0% |
| Contributions | 10/11 | €31,907,250 | €31,907,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,686,579 | -€1,399,195 | +€287,384 | +17.0% |
| Amounts payable | 17/49 | €83,470 | €207,390 | +€123,920 | +148% |
| Amounts payable within one year | 42/48 | €83,470 | €207,390 | +€123,920 | +148% |
| Trade debts | 44 | €83,470 | €207,390 | +€123,920 | +148% |
| Suppliers | 440/4 | €83,470 | €207,390 | +€123,920 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,730 | €2,730 | = | 0.0% |
| Other operating charges | 640/8 | - | €186 | +€186 | |
| Gross operating margin | 9900 | -€337,357 | -€460,147 | -€122,790 | -36.4% |
| Operating profit (loss) | 9901 | -€340,087 | -€463,064 | -€122,977 | -36.2% |
| Financial income | 75/76B | €44,795 | €753,581 | +€708,786 | +1,582% |
| Recurring financial income | 75 | €44,795 | €24,623 | -€20,172 | -45.0% |
| Non-recurring financial income | 76B | - | €728,958 | +€728,958 | |
| Financial charges | 65/66B | €765,582 | €3,133 | -€762,449 | -99.6% |
| Recurring financial charges | 65 | €2,368 | €3,133 | +€764 | +32.3% |
| Non-recurring financial charges | 66B | €763,213 | €0 | -€763,213 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€1,060,874 | €287,384 | +€1.3m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,060,874 | €287,384 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,060,874 | €287,384 | +€1.3m |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.