2WORK: what changed
What changed
2WORK
NACE 78.200, Temporary employment agencies and other provision of personnel
filed 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
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises 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
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.