2WORK: 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.
What changed
2WORK
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€61,460
31-12-2024 · €107,367-€45,906
Equity
€499,413
31-12-2024 · €437,952+€61,460
Cash
€107,166
31-12-2024 · €337,910-€230,744
Balance sheet total
€2.2m
31-12-2024 · €2.4m-€166,146
Largest movements
Assets
- Cash -€230,744
down €230,744 (-68.3%), from €337,910 to €107,166
mainly Other debts (-€217,021) and Investment in fixed assets (net) (-€140,656)
- Tangible fixed assets +€33,479
up €33,479 (+14.1%), from €237,689 to €271,168
of which Furniture and vehicles: +€31,768
- Intangible fixed assets +€31,072
new in 2025: €31,072
Equity and liabilities
- Other debts -€217,021
down €217,021 (-34.9%), from €621,573 to €404,552
- Profit (loss) carried forward +€61,460
up €61,460 (+97.6%), from €62,952 to €124,413
- Debts after one year -€39,028
down €39,028 (-58.9%), from €66,206 to €27,178
Income statement
- Gross operating margin +€835,557
up €835,557 (+15.1%), from €5.5m to €6.4m
- Staff costs +€826,344
up €826,344 (+15.7%), from €5.2m to €6.1m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€107,367
Gross operating margin
+€835,557
Staff costs
-€826,344
Depreciation
+€514
Other operating charges
+€124
Other operating items
-€10,255
Financial income
+€4,705
Financial charges
-€182
Taxes
-€50,026
Result 31-12-2025
€61,460
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€51,078
Investment
-€140,656
Financing
-€39,010
Cash 31-12-2024
€337,910
From operations (derived)
-€51,078
Net result for the year
+€61,460
Depreciation
+€76,106
Receivables within one year
-€5,522
Deferred charges and accrued income
+€5,474
Trade debts
+€10,934
Tax, wage and social debts
+€13,424
Other debts
-€217,021
Accrued charges and deferred income
+€4,067
Investment (derived)
-€140,656
Investment in fixed assets (net)
-€140,656
Financing
-€39,010
Debts after one year
-€39,028
Current portion of long-term debt
+€1,993
Short-term financial debts
-€1,975
Cash 31-12-2025
€107,166
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,379,173 | €2,213,027 | -€166,146 | -7.0% |
| Fixed assets | 21/28 | €315,138 | €379,689 | +€64,550 | +20.5% |
| Intangible fixed assets | 21 | - | €31,072 | +€31,072 | |
| Tangible fixed assets | 22/27 | €237,689 | €271,168 | +€33,479 | +14.1% |
| Plant, machinery and equipment | 23 | €3,566 | €5,277 | +€1,711 | +48.0% |
| Furniture and vehicles | 24 | €234,123 | €265,891 | +€31,768 | +13.6% |
| Financial fixed assets | 28 | €77,449 | €77,449 | = | 0.0% |
| Current assets | 29/58 | €2,064,035 | €1,833,339 | -€230,696 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,716,178 | €1,721,700 | +€5,522 | +0.3% |
| Trade receivables | 40 | €1,641,178 | €1,686,700 | +€45,522 | +2.8% |
| Other amounts receivable | 41 | €75,000 | €35,000 | -€40,000 | -53.3% |
| Cash at bank and in hand | 54/58 | €337,910 | €107,166 | -€230,744 | -68.3% |
| Deferred charges and accrued income | 490/1 | €9,947 | €4,473 | -€5,474 | -55.0% |
| Total equity and liabilities | 10/49 | €2,379,173 | €2,213,027 | -€166,146 | -7.0% |
| Equity | 10/15 | €437,952 | €499,413 | +€61,460 | +14.0% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,952 | €124,413 | +€61,460 | +97.6% |
| Amounts payable | 17/49 | €1,941,221 | €1,713,615 | -€227,606 | -11.7% |
| Amounts payable after more than one year | 17 | €66,206 | €27,178 | -€39,028 | -58.9% |
| Financial debts | 170/4 | €66,206 | €27,178 | -€39,028 | -58.9% |
| Amounts payable within one year | 42/48 | €1,850,238 | €1,657,593 | -€192,645 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €37,035 | €39,028 | +€1,993 | +5.4% |
| Financial debts | 43 | €371,975 | €370,000 | -€1,975 | -0.5% |
| Credit institutions | 430/8 | €371,975 | €370,000 | -€1,975 | -0.5% |
| Trade debts | 44 | €79,409 | €90,343 | +€10,934 | +13.8% |
| Suppliers | 440/4 | €79,409 | €90,343 | +€10,934 | +13.8% |
| Taxes, remuneration and social security | 45 | €740,245 | €753,670 | +€13,424 | +1.8% |
| Taxes | 450/3 | €181,730 | €173,814 | -€7,916 | -4.4% |
| Remuneration and social security | 454/9 | €558,515 | €579,856 | +€21,341 | +3.8% |
| Other amounts payable | 47/48 | €621,573 | €404,552 | -€217,021 | -34.9% |
| Accrued charges and deferred income | 492/3 | €24,777 | €28,844 | +€4,067 | +16.4% |
| Remuneration, social security and pensions | 62 | €5,247,786 | €6,074,129 | +€826,344 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,620 | €76,106 | -€514 | -0.7% |
| Other operating charges | 640/8 | €7,547 | €7,422 | -€124 | -1.6% |
| Non-recurring operating charges | 66A | - | €10,255 | +€10,255 | |
| Gross operating margin | 9900 | €5,521,364 | €6,356,921 | +€835,557 | +15.1% |
| Operating profit (loss) | 9901 | €189,412 | €189,009 | -€403 | -0.2% |
| Financial income | 75/76B | €25 | €4,730 | +€4,705 | +18,648% |
| Recurring financial income | 75 | €25 | €4,730 | +€4,705 | +18,648% |
| Financial charges | 65/66B | €58,485 | €58,668 | +€182 | +0.3% |
| Recurring financial charges | 65 | €58,485 | €58,668 | +€182 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €130,952 | €135,072 | +€4,120 | +3.1% |
| Income taxes | 67/77 | €23,585 | €73,611 | +€50,026 | +212% |
| Profit (loss) for the period | 9904 | €107,367 | €61,460 | -€45,906 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,367 | €61,460 | -€45,906 | -42.8% |
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 18 October 2026 via checked.be.