CAMPUS: 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.
CAMPUS
Largest movements
- Receivables within one year +€9,059
up €9,059 (+416%), from €2,179 to €11,238
of which Trade receivables: +€11,238
- Cash +€7,281
up €7,281 (+2,022%), from €360 to €7,641
mainly Other debts (+€12,255) and Net result for the year (+€3,691)
- Tangible fixed assets +€1,626
new in 2025: €1,626
- Deferred charges and accrued income +€769
new in 2025: €769
- Other debts +€12,255
up €12,255 (+103%), from €11,843 to €24,099
- Profit (loss) carried forward +€3,691
up €3,691 (+27.0%), from -€13,672 to -€9,981
- Tax, wage and social debts +€1,820
up €1,820 (+61.1%), from €2,979 to €4,798
- Trade debts +€970
up €970 (+244%), from €397 to €1,366
- Gross operating margin +€3,225
up €3,225 (+163%), from €1,982 to €5,207
- Other operating charges -€1,056
down €1,056 (-60.4%), from €1,748 to €692
- Financial charges +€179
up €179 (+38.5%), from €466 to €645
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.
Derived cash bridge
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 | €2,539 | €21,275 | +€18,736 | +738% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | - | €1,626 | +€1,626 | |
| Tangible fixed assets | 22/27 | - | €1,626 | +€1,626 | |
| Plant, machinery and equipment | 23 | - | €1,626 | +€1,626 | |
| Current assets | 29/58 | €2,539 | €19,649 | +€17,110 | +674% |
| Amounts receivable within one year | 40/41 | €2,179 | €11,238 | +€9,059 | +416% |
| Trade receivables | 40 | €0 | €11,238 | +€11,238 | |
| Other amounts receivable | 41 | €2,179 | €0 | -€2,179 | -100% |
| Cash at bank and in hand | 54/58 | €360 | €7,641 | +€7,281 | +2,022% |
| Deferred charges and accrued income | 490/1 | - | €769 | +€769 | |
| Total equity and liabilities | 10/49 | €2,539 | €21,275 | +€18,736 | +738% |
| Equity | 10/15 | -€12,680 | -€8,988 | +€3,691 | +29.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €893 | €893 | = | 0.0% |
| Distributable reserves | 133 | €893 | €893 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,672 | -€9,981 | +€3,691 | +27.0% |
| Amounts payable | 17/49 | €15,219 | €30,263 | +€15,045 | +98.9% |
| Amounts payable within one year | 42/48 | €15,219 | €30,263 | +€15,045 | +98.9% |
| Trade debts | 44 | €397 | €1,366 | +€970 | +244% |
| Suppliers | 440/4 | €397 | €1,366 | +€970 | +244% |
| Taxes, remuneration and social security | 45 | €2,979 | €4,798 | +€1,820 | +61.1% |
| Taxes | 450/3 | €2,979 | €4,798 | +€1,820 | +61.1% |
| Other amounts payable | 47/48 | €11,843 | €24,099 | +€12,255 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €105 | -€36 | -25.3% |
| Other operating charges | 640/8 | €1,748 | €692 | -€1,056 | -60.4% |
| Gross operating margin | 9900 | €1,982 | €5,207 | +€3,225 | +163% |
| Operating profit (loss) | 9901 | €93 | €4,409 | +€4,316 | +4,643% |
| Financial charges | 65/66B | €466 | €645 | +€179 | +38.5% |
| Recurring financial charges | 65 | €466 | €645 | +€179 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | -€373 | €3,764 | +€4,137 | |
| Income taxes | 67/77 | €30 | €73 | +€43 | +143% |
| Profit (loss) for the period | 9904 | -€403 | €3,691 | +€4,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€403 | €3,691 | +€4,094 |
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 25 October 2026 via checked.be.