Core2Life: what changed
Two fiscal 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.
Core2Life
Largest movements
- Cash +€1,109
new in 2023: €1,109
mainly Trade debts (+€9,015) and Debts after one year (+€5,000)
- Tangible fixed assets -€800
down €800 (-22.4%), from €3,572 to €2,772
- Receivables within one year -€612
no longer reported in 2023 (was €612)
of which Trade receivables: -€607
- Other debts -€10,304
down €10,304 (-63.6%), from €16,209 to €5,905
- Trade debts +€9,015
up €9,015 (+551.0%), from €1,636 to €10,651
- Debts after one year +€5,000
new in 2023: €5,000
- Profit (loss) carried forward -€4,574
down €4,574 (-42.2%), from -€10,830 to -€15,404
- Tax, wage and social debts +€2,081
up €2,081 (+92.2%), from €2,258 to €4,339
- Gross operating margin +€7,111
up €7,111 (+68.6%), from -€10,363 to -€3,252
- Depreciation +€371
up €371 (+86.5%), from €429 to €800
- Financial charges +€353
up €353 (+944.5%), from €37 to €391
- Other operating charges +€131
new in 2023: €131
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,794 | €15,491 | -€303 | -1.9% |
| Fixed assets | 21/28 | €15,182 | €14,382 | -€800 | -5.3% |
| Tangible fixed assets | 22/27 | €3,572 | €2,772 | -€800 | -22.4% |
| Plant, machinery and equipment | 23 | €3,572 | €2,772 | -€800 | -22.4% |
| Financial fixed assets | 28 | €11,610 | €11,610 | = | 0.0% |
| Current assets | 29/58 | €612 | €1,109 | +€497 | +81.2% |
| Amounts receivable within one year | 40/41 | €612 | - | -€612 | |
| Trade receivables | 40 | €607 | - | -€607 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | - | €1,109 | +€1,109 | |
| Total equity and liabilities | 10/49 | €15,794 | €15,491 | -€303 | -1.9% |
| Equity | 10/15 | -€5,830 | -€10,404 | -€4,574 | -78.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,830 | -€15,404 | -€4,574 | -42.2% |
| Amounts payable | 17/49 | €21,623 | €25,895 | +€4,271 | +19.8% |
| Amounts payable after more than one year | 17 | - | €5,000 | +€5,000 | |
| Other amounts payable | 178/9 | - | €5,000 | +€5,000 | |
| Amounts payable within one year | 42/48 | €21,328 | €20,895 | -€433 | -2.0% |
| Financial debts | 43 | €1,225 | - | -€1,225 | |
| Credit institutions | 430/8 | €1,225 | - | -€1,225 | |
| Trade debts | 44 | €1,636 | €10,651 | +€9,015 | +551.0% |
| Suppliers | 440/4 | €1,636 | €10,651 | +€9,015 | +551.0% |
| Taxes, remuneration and social security | 45 | €2,258 | €4,339 | +€2,081 | +92.2% |
| Taxes | 450/3 | €2,258 | €4,339 | +€2,081 | +92.2% |
| Other amounts payable | 47/48 | €16,209 | €5,905 | -€10,304 | -63.6% |
| Accrued charges and deferred income | 492/3 | €296 | - | -€296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €800 | +€371 | +86.5% |
| Other operating charges | 640/8 | - | €131 | +€131 | |
| Gross operating margin | 9900 | -€10,363 | -€3,252 | +€7,111 | +68.6% |
| Operating profit (loss) | 9901 | -€10,792 | -€4,184 | +€6,609 | +61.2% |
| Financial charges | 65/66B | €37 | €391 | +€353 | +944.5% |
| Recurring financial charges | 65 | €37 | €391 | +€353 | +944.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,830 | -€4,574 | +€6,255 | +57.8% |
| Profit (loss) for the period | 9904 | -€10,830 | -€4,574 | +€6,255 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,830 | -€4,574 | +€6,255 | +57.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.