Quaestor Strada I: 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.
Quaestor Strada I
Largest movements
- Financial fixed assets +€6.3m
up €6.3m (+111%), from €5.7m to €11.9m
- Cash +€163,599
up €163,599 (+79.3%), from €206,200 to €369,800
mainly Contributions, distributions and other (+€7.0m) and Trade debts (+€24,381)
- Contributions +€7.0m
up €7.0m (+99.2%), from €7.0m to €14.0m
- Profit (loss) carried forward -€586,226
down €586,226 (-49.7%), from -€1.2m to -€1.8m
- Financial charges -€605,291
down €605,291 (-57.6%), from €1.1m to €445,081
of which Non-recurring financial charges: -€605,195
- Gross operating margin -€6,058
down €6,058 (-4.6%), from -€132,536 to -€138,594
- Financial income -€5,371
down €5,371 (-94.7%), from €5,672 to €302
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 | €5,886,279 | €12,314,434 | +€6.4m | +109% |
| Formation expenses | 20 | €10,806 | €8,168 | -€2,637 | -24.4% |
| Fixed assets | 21/28 | €5,669,195 | €11,935,943 | +€6.3m | +111% |
| Financial fixed assets | 28 | €5,669,195 | €11,935,943 | +€6.3m | +111% |
| Current assets | 29/58 | €206,279 | €370,323 | +€164,044 | +79.5% |
| Amounts receivable within one year | 40/41 | - | €412 | +€412 | |
| Trade receivables | 40 | - | €412 | +€412 | |
| Cash at bank and in hand | 54/58 | €206,200 | €369,800 | +€163,599 | +79.3% |
| Deferred charges and accrued income | 490/1 | €79 | €111 | +€32 | +40.9% |
| Total equity and liabilities | 10/49 | €5,886,279 | €12,314,434 | +€6.4m | +109% |
| Equity | 10/15 | €5,866,506 | €12,270,280 | +€6.4m | +109% |
| Contributions | 10/11 | €7,046,250 | €14,036,250 | +€7.0m | +99.2% |
| Profit (loss) carried forward | 14 | -€1,179,744 | -€1,765,970 | -€586,226 | -49.7% |
| Amounts payable | 17/49 | €19,773 | €44,154 | +€24,381 | +123% |
| Amounts payable within one year | 42/48 | €19,773 | €44,154 | +€24,381 | +123% |
| Trade debts | 44 | €19,773 | €44,154 | +€24,381 | +123% |
| Suppliers | 440/4 | €19,773 | €44,154 | +€24,381 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,382 | €2,637 | +€256 | +10.7% |
| Other operating charges | 640/8 | €126 | €216 | +€90 | +71.2% |
| Gross operating margin | 9900 | -€132,536 | -€138,594 | -€6,058 | -4.6% |
| Operating profit (loss) | 9901 | -€135,044 | -€141,447 | -€6,403 | -4.7% |
| Financial income | 75/76B | €5,672 | €302 | -€5,371 | -94.7% |
| Recurring financial income | 75 | €5,672 | €302 | -€5,371 | -94.7% |
| Financial charges | 65/66B | €1,050,372 | €445,081 | -€605,291 | -57.6% |
| Recurring financial charges | 65 | €1,926 | €1,829 | -€96 | -5.0% |
| Non-recurring financial charges | 66B | €1,048,447 | €443,251 | -€605,195 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,179,744 | -€586,226 | +€593,518 | +50.3% |
| Profit (loss) for the period | 9904 | -€1,179,744 | -€586,226 | +€593,518 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,179,744 | -€586,226 | +€593,518 | +50.3% |
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.