2CV & CO: 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.
2CV & CO
Largest movements
- Cash -€93,645
down €93,645 (-81.6%), from €114,793 to €21,149
mainly Investment in fixed assets (net) (-€160,605) and Other debts (-€39,999)
- Tangible fixed assets +€87,252
up €87,252 (+6.3%), from €1.4m to €1.5m
of which Land and buildings: +€81,097
- Receivables within one year -€25,395
down €25,395 (-55.8%), from €45,511 to €20,116
of which Trade receivables: -€28,255
- Other debts -€39,999
down €39,999 (-91.8%), from €43,591 to €3,592
- Trade debts -€32,916
down €32,916 (-69.3%), from €47,488 to €14,571
- Accrued charges and deferred income +€18,709
up €18,709 (+202.9%), from €9,223 to €27,933
- Reserves +€16,257
up €16,257 (+6.0%), from €269,755 to €286,012
- Gross operating margin -€34,617
down €34,617 (-14.4%), from €240,060 to €205,443
- Depreciation +€25,126
up €25,126 (+50.0%), from €50,243 to €75,369
- Staff costs +€24,607
up €24,607 (+50.6%), from €48,596 to €73,203
- Taxes -€17,860
down €17,860 (-74.0%), from €24,129 to €6,269
- Financial charges +€7,473
up €7,473 (+29.9%), from €25,028 to €32,501
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.
Cash bridge derived
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 | €1,553,975 | €1,522,378 | -€31,597 | -2.0% |
| Fixed assets | 21/28 | €1,389,357 | €1,474,593 | +€85,236 | +6.1% |
| Intangible fixed assets | 21 | €6,677 | €4,661 | -€2,016 | -30.2% |
| Tangible fixed assets | 22/27 | €1,382,680 | €1,469,932 | +€87,252 | +6.3% |
| Land and buildings | 22 | €1,327,687 | €1,408,783 | +€81,097 | +6.1% |
| Plant, machinery and equipment | 23 | €20,714 | €17,279 | -€3,435 | -16.6% |
| Furniture and vehicles | 24 | €34,279 | €43,870 | +€9,590 | +28.0% |
| Current assets | 29/58 | €164,618 | €47,785 | -€116,833 | -71.0% |
| Stocks and contracts in progress | 3 | - | €545 | +€545 | |
| Stocks | 30/36 | - | €545 | +€545 | |
| Amounts receivable within one year | 40/41 | €45,511 | €20,116 | -€25,395 | -55.8% |
| Trade receivables | 40 | €44,641 | €16,385 | -€28,255 | -63.3% |
| Other amounts receivable | 41 | €871 | €3,731 | +€2,860 | +328.4% |
| Cash at bank and in hand | 54/58 | €114,793 | €21,149 | -€93,645 | -81.6% |
| Deferred charges and accrued income | 490/1 | €4,313 | €5,976 | +€1,663 | +38.6% |
| Total equity and liabilities | 10/49 | €1,553,975 | €1,522,378 | -€31,597 | -2.0% |
| Equity | 10/15 | €414,255 | €430,512 | +€16,257 | +3.9% |
| Contributions | 10/11 | €144,500 | €144,500 | = | 0.0% |
| Reserves | 13 | €269,755 | €286,012 | +€16,257 | +6.0% |
| Distributable reserves | 133 | €269,755 | €286,012 | +€16,257 | +6.0% |
| Amounts payable | 17/49 | €1,139,720 | €1,091,866 | -€47,854 | -4.2% |
| Amounts payable after more than one year | 17 | €957,332 | €959,393 | +€2,061 | +0.2% |
| Financial debts | 170/4 | €957,332 | €959,393 | +€2,061 | +0.2% |
| Amounts payable within one year | 42/48 | €173,165 | €104,540 | -€68,624 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €70,932 | €71,783 | +€851 | +1.2% |
| Financial debts | 43 | €676 | €1,000 | +€324 | +47.9% |
| Credit institutions | 430/8 | €676 | €1,000 | +€324 | +47.9% |
| Trade debts | 44 | €47,488 | €14,571 | -€32,916 | -69.3% |
| Suppliers | 440/4 | €47,488 | €14,571 | -€32,916 | -69.3% |
| Taxes, remuneration and social security | 45 | €10,478 | €13,594 | +€3,116 | +29.7% |
| Taxes | 450/3 | €5,935 | €6,163 | +€228 | +3.8% |
| Remuneration and social security | 454/9 | €4,543 | €7,431 | +€2,887 | +63.6% |
| Other amounts payable | 47/48 | €43,591 | €3,592 | -€39,999 | -91.8% |
| Accrued charges and deferred income | 492/3 | €9,223 | €27,933 | +€18,709 | +202.9% |
| Non-recurring operating income | 76A | €17,086 | €7,470 | -€9,616 | -56.3% |
| Remuneration, social security and pensions | 62 | €48,596 | €73,203 | +€24,607 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,243 | €75,369 | +€25,126 | +50.0% |
| Other operating charges | 640/8 | €3,867 | €1,871 | -€1,996 | -51.6% |
| Non-recurring operating charges | 66A | €355 | - | -€355 | |
| Gross operating margin | 9900 | €240,060 | €205,443 | -€34,617 | -14.4% |
| Operating profit (loss) | 9901 | €136,999 | €55,001 | -€81,999 | -59.9% |
| Financial income | 75/76B | €820 | €27 | -€793 | -96.8% |
| Recurring financial income | 75 | €820 | €27 | -€793 | -96.8% |
| Financial charges | 65/66B | €25,028 | €32,501 | +€7,473 | +29.9% |
| Recurring financial charges | 65 | €25,028 | €32,501 | +€7,473 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €112,791 | €22,526 | -€90,265 | -80.0% |
| Income taxes | 67/77 | €24,129 | €6,269 | -€17,860 | -74.0% |
| Profit (loss) for the period | 9904 | €88,662 | €16,257 | -€72,404 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,662 | €16,257 | -€72,404 | -81.7% |
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 11 October 2026 via checked.be.