CAMPUS: 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.
CAMPUS
Largest movements
- Cash -€35,425
down €35,425 (-19.1%), from €185,423 to €149,998
mainly Net result for the year (-€27,131) and Current portion of long-term debt (-€19,267)
- Tangible fixed assets -€30,257
down €30,257 (-6.7%), from €448,339 to €418,083
of which Furniture and vehicles: -€19,095
- Reserves -€21,857
down €21,857 (-6.6%), from €329,402 to €307,545
- Current portion of long-term debt -€19,267
down €19,267 (-50.9%), from €37,818 to €18,551
- Debts after one year -€18,551
no longer reported in 2025 (was €18,551)
- Revaluation surpluses -€12,690
down €12,690 (-7.6%), from €166,364 to €153,674
- Other debts +€10,758
up €10,758 (+290.4%), from €3,704 to €14,463
- Gross operating margin -€53,780
down €53,780 (-33.1%), from €162,265 to €108,485
- Staff costs -€12,375
down €12,375 (-14.2%), from €87,282 to €74,907
- Depreciation -€8,050
down €8,050 (-16.0%), from €50,236 to €42,186
- Taxes -€6,950
down €6,950 (-92.1%), from €7,545 to €594
- Other operating charges +€6,861
up €6,861 (+112.7%), from €6,090 to €12,950
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 | €647,163 | €575,716 | -€71,447 | -11.0% |
| Fixed assets | 21/28 | €448,339 | €418,083 | -€30,257 | -6.7% |
| Tangible fixed assets | 22/27 | €448,339 | €418,083 | -€30,257 | -6.7% |
| Land and buildings | 22 | €377,265 | €369,911 | -€7,353 | -1.9% |
| Plant, machinery and equipment | 23 | €13,413 | €10,450 | -€2,963 | -22.1% |
| Furniture and vehicles | 24 | €51,581 | €32,486 | -€19,095 | -37.0% |
| Other tangible fixed assets | 26 | €6,081 | €5,236 | -€845 | -13.9% |
| Current assets | 29/58 | €198,824 | €157,634 | -€41,190 | -20.7% |
| Amounts receivable within one year | 40/41 | €642 | €504 | -€138 | -21.5% |
| Other amounts receivable | 41 | €642 | €504 | -€138 | -21.5% |
| Cash at bank and in hand | 54/58 | €185,423 | €149,998 | -€35,425 | -19.1% |
| Deferred charges and accrued income | 490/1 | €12,759 | €7,132 | -€5,627 | -44.1% |
| Total equity and liabilities | 10/49 | €647,163 | €575,716 | -€71,447 | -11.0% |
| Equity | 10/15 | €525,086 | €490,539 | -€34,547 | -6.6% |
| Contributions | 10/11 | €29,320 | €29,320 | = | 0.0% |
| Revaluation surpluses | 12 | €166,364 | €153,674 | -€12,690 | -7.6% |
| Reserves | 13 | €329,402 | €307,545 | -€21,857 | -6.6% |
| Distributable reserves | 133 | €329,402 | €307,545 | -€21,857 | -6.6% |
| Amounts payable | 17/49 | €122,077 | €85,177 | -€36,900 | -30.2% |
| Amounts payable after more than one year | 17 | €18,551 | - | -€18,551 | |
| Financial debts | 170/4 | €18,551 | - | -€18,551 | |
| Amounts payable within one year | 42/48 | €103,526 | €81,013 | -€22,513 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €37,818 | €18,551 | -€19,267 | -50.9% |
| Financial debts | 43 | €1 | €1 | = | 0.0% |
| Credit institutions | 430/8 | €1 | €1 | = | 0.0% |
| Trade debts | 44 | €23,313 | €17,641 | -€5,672 | -24.3% |
| Suppliers | 440/4 | €23,313 | €17,641 | -€5,672 | -24.3% |
| Taxes, remuneration and social security | 45 | €38,689 | €30,357 | -€8,333 | -21.5% |
| Taxes | 450/3 | €30,545 | €25,787 | -€4,758 | -15.6% |
| Remuneration and social security | 454/9 | €8,144 | €4,569 | -€3,575 | -43.9% |
| Other amounts payable | 47/48 | €3,704 | €14,463 | +€10,758 | +290.4% |
| Accrued charges and deferred income | 492/3 | - | €4,164 | +€4,164 | |
| Remuneration, social security and pensions | 62 | €87,282 | €74,907 | -€12,375 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,236 | €42,186 | -€8,050 | -16.0% |
| Other operating charges | 640/8 | €6,090 | €12,950 | +€6,861 | +112.7% |
| Gross operating margin | 9900 | €162,265 | €108,485 | -€53,780 | -33.1% |
| Operating profit (loss) | 9901 | €18,658 | -€21,558 | -€40,216 | |
| Financial income | 75/76B | €167 | €457 | +€290 | +173.7% |
| Recurring financial income | 75 | €167 | €457 | +€290 | +173.7% |
| Financial charges | 65/66B | €7,119 | €5,435 | -€1,684 | -23.7% |
| Recurring financial charges | 65 | €7,119 | €5,435 | -€1,684 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €11,705 | -€26,536 | -€38,242 | |
| Income taxes | 67/77 | €7,545 | €594 | -€6,950 | -92.1% |
| Profit (loss) for the period | 9904 | €4,161 | -€27,131 | -€31,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,161 | -€27,131 | -€31,291 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.