QUAESTOR DO III - N: what changed
QUAESTOR DO III - N
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+73.4%), from €1.8m to €3.1m
- Cash -€388,838
down €388,838 (-80.9%), from €480,554 to €91,716
mainly Investment in fixed assets (net) (-€1.3m) and Net result for the year (-€311,456)
- Contributions +€1.2m
up €1.2m (+39.5%), from €3.1m to €4.3m
- Profit (loss) carried forward -€311,456
down €311,456 (-36.9%), from -€844,880 to -€1.2m
- Financial charges -€52,291
down €52,291 (-15.9%), from €328,641 to €276,351
of which Non-recurring financial charges: -€52,170
- Gross operating margin -€4,504
down €4,504 (-15.7%), from -€28,645 to -€33,149
- Other operating charges +€1,623
up €1,623 (+1,908%), from €85 to €1,708
- Financial income -€1,034
down €1,034 (-39.5%), from €2,616 to €1,582
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 | €2,270,148 | €3,181,054 | +€910,906 | +40.1% |
| Formation expenses | 20 | €5,436 | €3,606 | -€1,830 | -33.7% |
| Fixed assets | 21/28 | €1,779,115 | €3,085,674 | +€1.3m | +73.4% |
| Financial fixed assets | 28 | €1,779,115 | €3,085,674 | +€1.3m | +73.4% |
| Current assets | 29/58 | €485,597 | €91,774 | -€393,822 | -81.1% |
| Amounts receivable within one year | 40/41 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 41 | €5,000 | €0 | -€5,000 | -100% |
| Cash at bank and in hand | 54/58 | €480,554 | €91,716 | -€388,838 | -80.9% |
| Deferred charges and accrued income | 490/1 | €43 | €59 | +€16 | +36.3% |
| Total equity and liabilities | 10/49 | €2,270,148 | €3,181,054 | +€910,906 | +40.1% |
| Equity | 10/15 | €2,259,620 | €3,173,164 | +€913,544 | +40.4% |
| Contributions | 10/11 | €3,104,500 | €4,329,500 | +€1.2m | +39.5% |
| Profit (loss) carried forward | 14 | -€844,880 | -€1,156,336 | -€311,456 | -36.9% |
| Amounts payable | 17/49 | €10,528 | €7,890 | -€2,638 | -25.1% |
| Amounts payable within one year | 42/48 | €10,528 | €7,890 | -€2,638 | -25.1% |
| Trade debts | 44 | €10,528 | €7,890 | -€2,638 | -25.1% |
| Suppliers | 440/4 | €10,528 | €7,890 | -€2,638 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,830 | €1,830 | = | 0.0% |
| Other operating charges | 640/8 | €85 | €1,708 | +€1,623 | +1,908% |
| Gross operating margin | 9900 | -€28,645 | -€33,149 | -€4,504 | -15.7% |
| Operating profit (loss) | 9901 | -€30,560 | -€36,687 | -€6,127 | -20.0% |
| Financial income | 75/76B | €2,616 | €1,582 | -€1,034 | -39.5% |
| Recurring financial income | 75 | €2,616 | €1,582 | -€1,034 | -39.5% |
| Financial charges | 65/66B | €328,641 | €276,351 | -€52,291 | -15.9% |
| Recurring financial charges | 65 | €1,950 | €1,829 | -€121 | -6.2% |
| Non-recurring financial charges | 66B | €326,691 | €274,521 | -€52,170 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€356,586 | -€311,456 | +€45,130 | +12.7% |
| Profit (loss) for the period | 9904 | -€356,586 | -€311,456 | +€45,130 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€356,586 | -€311,456 | +€45,130 | +12.7% |
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.