AonQ Management: 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.
AonQ Management
Largest movements
- Cash -€284,048
down €284,048 (-40.4%), from €703,689 to €419,641
mainly Contributions, distributions and other (-€187,307) and Receivables after one year (-€172,500)
- Receivables after one year +€172,500
new in 2025: €172,500
- Tangible fixed assets +€89,128
up €89,128 (+113%), from €78,884 to €168,012
of which Furniture and vehicles: +€69,145
- Current investments +€88,216
up €88,216 (+36.7%), from €240,123 to €328,339
- Reserves +€110,825
up €110,825 (+9.4%), from €1.2m to €1.3m
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Tax, wage and social debts +€43,894
up €43,894 (+98.3%), from €44,662 to €88,556
- Gross operating margin +€38,137
up €38,137 (+8.0%), from €479,037 to €517,175
- Other operating charges +€20,911
up €20,911 (+65.1%), from €32,103 to €53,014
- Financial income -€10,531
down €10,531 (-45.0%), from €23,419 to €12,888
- Taxes +€8,806
up €8,806 (+6.8%), from €129,077 to €137,883
- Depreciation -€5,967
down €5,967 (-17.7%), from €33,680 to €27,713
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 | €1,336,096 | €1,397,645 | +€61,549 | +4.6% |
| Fixed assets | 21/28 | €78,884 | €168,012 | +€89,128 | +113% |
| Tangible fixed assets | 22/27 | €78,884 | €168,012 | +€89,128 | +113% |
| Land and buildings | 22 | €11,173 | €8,567 | -€2,605 | -23.3% |
| Plant, machinery and equipment | 23 | €799 | €26,287 | +€25,488 | +3,192% |
| Furniture and vehicles | 24 | €64,013 | €133,158 | +€69,145 | +108% |
| Assets under construction and advance payments | 27 | €2,900 | - | -€2,900 | |
| Current assets | 29/58 | €1,257,212 | €1,229,633 | -€27,579 | -2.2% |
| Amounts receivable after more than one year | 29 | - | €172,500 | +€172,500 | |
| Other amounts receivable | 291 | - | €172,500 | +€172,500 | |
| Amounts receivable within one year | 40/41 | €304,657 | €297,907 | -€6,749 | -2.2% |
| Trade receivables | 40 | €207,019 | €135,505 | -€71,514 | -34.5% |
| Other amounts receivable | 41 | €97,637 | €162,402 | +€64,765 | +66.3% |
| Current investments | 50/53 | €240,123 | €328,339 | +€88,216 | +36.7% |
| Cash at bank and in hand | 54/58 | €703,689 | €419,641 | -€284,048 | -40.4% |
| Deferred charges and accrued income | 490/1 | €8,743 | €11,246 | +€2,503 | +28.6% |
| Total equity and liabilities | 10/49 | €1,336,096 | €1,397,645 | +€61,549 | +4.6% |
| Equity | 10/15 | €1,187,813 | €1,298,638 | +€110,825 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,175,413 | €1,286,238 | +€110,825 | +9.4% |
| Distributable reserves | 133 | €1,175,413 | €1,286,238 | +€110,825 | +9.4% |
| Amounts payable | 17/49 | €148,283 | €99,007 | -€49,276 | -33.2% |
| Amounts payable within one year | 42/48 | €148,283 | €99,007 | -€49,276 | -33.2% |
| Trade debts | 44 | €3,621 | €10,451 | +€6,830 | +189% |
| Suppliers | 440/4 | €3,621 | €10,451 | +€6,830 | +189% |
| Taxes, remuneration and social security | 45 | €44,662 | €88,556 | +€43,894 | +98.3% |
| Taxes | 450/3 | €44,662 | €88,556 | +€43,894 | +98.3% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | €3,602 | - | -€3,602 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,680 | €27,713 | -€5,967 | -17.7% |
| Other operating charges | 640/8 | €32,103 | €53,014 | +€20,911 | +65.1% |
| Non-recurring operating charges | 66A | - | €9,346 | +€9,346 | |
| Gross operating margin | 9900 | €479,037 | €517,175 | +€38,137 | +8.0% |
| Operating profit (loss) | 9901 | €413,255 | €427,102 | +€13,847 | +3.4% |
| Financial income | 75/76B | €23,419 | €12,888 | -€10,531 | -45.0% |
| Recurring financial income | 75 | €23,419 | €12,888 | -€10,531 | -45.0% |
| Financial charges | 65/66B | €3,115 | €3,975 | +€860 | +27.6% |
| Recurring financial charges | 65 | €3,115 | €3,975 | +€860 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €433,559 | €436,016 | +€2,456 | +0.6% |
| Income taxes | 67/77 | €129,077 | €137,883 | +€8,806 | +6.8% |
| Profit (loss) for the period | 9904 | €304,482 | €298,132 | -€6,350 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €304,482 | €298,132 | -€6,350 | -2.1% |
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.