Work Today (0697.656.959): financials and annual accounts

Work Today

Ghent ·KBO/BCE: BE 0697.656.959

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	3.8m	2.6m	374,416	455,999	335,461	173,352
Fixed assets`21/28`	3,958	7,553	11,148	87,899	79,671	77,396
Tangible fixed assets`22/27`	3,958	7,553	11,148	12,899	4,671	406
Plant, machinery and equipment`23`	-	-	-	-	156	406
Furniture and vehicles`24`	3,958	-	-	-	-	-
Other tangible fixed assets`26`	-	7,553	11,148	12,899	4,515	-
Financial fixed assets`28`	-	-	-	75,000	75,000	76,990
Current assets`29/58`	3.8m	2.6m	363,268	368,100	255,790	95,956
Amounts receivable within one year`40/41`	1.3m	1.2m	116,360	127,083	75,038	39,694
Trade receivables`40`	1.2m	926,867	116,360	127,083	75,038	39,101
Other amounts receivable`41`	72,285	278,617	-	-	-	593
Cash at bank and in hand`54/58`	2.5m	1.3m	246,735	240,855	179,503	50,992
Deferred charges and accrued income`490/1`	6,061	1,450	173	162	1,249	5,270
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.8m	2.6m	374,416	455,999	335,461	173,352
Equity`10/15`	306,119	279,133	129,473	110,742	-11,376	24,257
Contributions`10/11`	111,486	111,486	100,000	100,000	100,000	100,000
Capital`10`	111,486	111,486	-	-	-	-
Issued capital`100`	111,486	111,486	-	-	-	-
Reserves`13`	13,950	13,950	10,000	4,750	4,750	4,750
Non-distributable reserves`130/1`	11,149	11,149	10,000	4,750	4,750	4,750
Legal reserve`130`	11,149	11,149	-	-	-	-
Reserves not available under the articles`1311`	-	-	10,000	4,750	4,750	4,750
Distributable reserves`133`	2,801	2,801	-	-	-	-
Profit (loss) carried forward`14`	180,683	153,697	19,473	5,992	-116,126	-80,493
Amounts payable`17/49`	3.5m	2.3m	244,943	345,257	346,837	149,095
Amounts payable after more than one year`17`	-	-	-	150,000	203,414	-
Other amounts payable`178/9`	-	-	-	150,000	203,414	-
Amounts payable within one year`42/48`	3.5m	2.3m	241,343	187,398	143,423	149,095
Trade debts`44`	1.5m	544,815	75,317	81,377	55,106	14,723
Suppliers`440/4`	1.5m	544,815	75,317	81,377	55,106	14,723
Taxes, remuneration and social security`45`	1.4m	1.7m	106,026	106,021	88,317	30,958
Taxes`450/3`	418,236	1.2m	73,619	69,871	52,465	25,913
Remuneration and social security`454/9`	993,797	492,880	32,407	36,150	35,852	5,045
Other amounts payable`47/48`	550,000	-	60,000	-	-	103,414
Accrued charges and deferred income`492/3`	22,500	9,000	3,600	7,859	-	-
Income statement
Turnover`70`	-	-	-	-	825,373	642,077
Non-recurring operating income`76A`	1,382	-	-	-	1,059	-
Gross operating margin`9900`	27.6m	9.7m	958,236	1.1m	610,623	491,991
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	254,109	187,509
Remuneration, social security and pensions`62`	26.8m	9.6m	858,884	952,814	636,857	571,685
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	3,595	3,595	3,384	3,077	772	250
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	70,924	14,818	-	-	-	1,279
Other operating charges`640/8`	3,011	841	601	579	919	1,137
Non-recurring operating charges`66A`	1,780	-	-	-	-	-
Operating profit (loss)`9901`	671,434	85,553	95,367	158,454	-27,925	-82,360
Financial income`75/76B`	27,116	-	-	131	-	3,289
Recurring financial income`75`	27,116	-	-	131	-	3,289
Financial charges`65/66B`	41,213	4,276	3,323	9,253	7,253	3,404
Recurring financial charges`65`	41,213	4,276	3,323	9,253	7,253	3,404
Profit (loss) for the period before taxes`9903`	657,337	81,277	92,044	149,332	-35,178	-82,475
Income taxes`67/77`	80,352	35,203	13,313	27,214	455	3,673
Profit (loss) for the period`9904`	576,985	46,074	78,731	122,118	-35,633	-86,148
Profit (loss) for the period to be appropriated`9905`	576,985	46,074	78,731	122,118	-35,633	-86,148
Appropriation of the result
Profit (loss) to be appropriated`9906`	730,683	153,697	84,723	5,992	-116,126	-80,493
Profit (loss) brought forward from the previous period`14P`	153,698	107,623	5,992	-116,126	-80,493	-
Transfer to equity`691/2`	-	-	5,250	-	-	-
To other reserves`6921`	-	-	5,250	-	-	-
Profit to be distributed`694/7`	550,000	-	60,000	-	-	-
Directors or managers`695`	550,000	-	60,000	-	-	-
Social balance sheet
Average staff (FTE)`9087`	740	253.3	11.6	14.4	10.3	9.2
Hours worked`1013`	1,456,040	313,377	26,794	31,925	22,695	21,764
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	08-06-2026	2026-00143903	PDF
31-12-2024	abbreviated format	17-07-2025	2025-00281716	PDF
31-12-2023	abbreviated format	04-06-2024	2024-00108900	PDF
31-12-2022	abbreviated format	20-06-2023	2023-00140169	PDF
31-12-2021	abbreviated format	14-07-2022	2022-20190221	PDF
31-12-2020	abbreviated format	12-07-2021	2021-34100038	PDF
31-12-2019	abbreviated format	15-06-2020	2020-17300475	PDF

Line	2025	2024	2023	2022	2021	2020
EBITDA	675,029	89,148	98,751	161,531	-27,153	-82,110
Cash flow	580,580	49,669	82,115	125,195	-34,861	-85,898
Investment in fixed assets (approximation)	0	0	1,633	11,305	5,037	-
Change in cash	1.2m	1.1m	5,880	61,352	128,511	-
Working capital	324,661	280,580	121,925	180,702	112,367	-53,139
EBIT margin	-	-	-	-	-3.4%	-12.8%
Solvency	8.0%	10.9%	34.6%	24.3%	-3.4%	14.0%
Current ratio	1.09	1.12	1.51	1.96	1.78	0.64
Debt to equity	11.46	8.18	1.89	3.12	-	6.15
ROE	188.5%	16.5%	60.8%	110.3%	-	-355.1%
ROA	15.1%	1.8%	21.0%	26.8%	-10.6%	-49.7%
Interest coverage	16.38	20.85	29.72	17.46	-3.74	-
Customer credit	-	-	-	-	33 days	22 days
Supplier credit	-	-	-	-	79 days	29 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	406	664	4	13	15
full-time	406	663	4	13	13
part-time	-	1	-	-	2
in full-time equivalents	406	663.2	4	13	14.4
Average over the year, in full-time equivalents	740	235.3	11.6	14.4	10.3
On a permanent contract	21	14	1	3	2
Joined	119,989	57,057	1,491	2,375	1,309
Left	119,584	56,394	1,493	2,387	1,299

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€1,633	€11,305	€5,037
Depreciation and write-downs of the year	€3,595	€3,595	€3,384	€3,077	€772

Work Today

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin €m

Position in the sector

Solvency8.0%

Current ratio1.09

Return on assets15.1%

Staff

Staff cost per FTE€36,246

Joined and left+405

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on Work Today

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