CAMPUS 99: 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 99
Largest movements
- Cash -€59,721
down €59,721 (-42.1%), from €141,810 to €82,089
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€33,874)
- Tangible fixed assets -€15,549
down €15,549 (-5.1%), from €306,044 to €290,495
of which Land and buildings: -€11,383
- Receivables within one year +€14,842
up €14,842 (+283%), from €5,251 to €20,093
of which Trade receivables: +€13,685
- Debts after one year -€33,874
down €33,874 (-21.9%), from €154,668 to €120,794
- Other debts -€19,758
down €19,758 (-8.3%), from €238,281 to €218,523
- Tax, wage and social debts -€9,719
down €9,719 (-47.6%), from €20,411 to €10,692
- Gross operating margin +€10,128
up €10,128 (+9.3%), from €109,441 to €119,569
- Depreciation +€2,430
up €2,430 (+5.9%), from €40,924 to €43,355
- Taxes +€1,521
up €1,521 (+9.6%), from €15,787 to €17,308
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 | €459,111 | €399,825 | -€59,286 | -12.9% |
| Fixed assets | 21/28 | €306,044 | €290,495 | -€15,549 | -5.1% |
| Tangible fixed assets | 22/27 | €306,044 | €290,495 | -€15,549 | -5.1% |
| Land and buildings | 22 | €298,999 | €287,617 | -€11,383 | -3.8% |
| Plant, machinery and equipment | 23 | €4,570 | €2,131 | -€2,439 | -53.4% |
| Furniture and vehicles | 24 | €2,475 | €747 | -€1,728 | -69.8% |
| Current assets | 29/58 | €153,067 | €109,330 | -€43,737 | -28.6% |
| Stocks and contracts in progress | 3 | €3,972 | €5,177 | +€1,205 | +30.3% |
| Stocks | 30/36 | €3,972 | €5,177 | +€1,205 | +30.3% |
| Amounts receivable within one year | 40/41 | €5,251 | €20,093 | +€14,842 | +283% |
| Trade receivables | 40 | €5,158 | €18,843 | +€13,685 | +265% |
| Other amounts receivable | 41 | €93 | €1,250 | +€1,157 | +1,241% |
| Cash at bank and in hand | 54/58 | €141,810 | €82,089 | -€59,721 | -42.1% |
| Deferred charges and accrued income | 490/1 | €2,033 | €1,971 | -€63 | -3.1% |
| Total equity and liabilities | 10/49 | €459,111 | €399,825 | -€59,286 | -12.9% |
| Equity | 10/15 | €3,176 | €6,911 | +€3,735 | +118% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176 | €3,911 | +€3,735 | +2,122% |
| Amounts payable | 17/49 | €455,935 | €392,914 | -€63,021 | -13.8% |
| Amounts payable after more than one year | 17 | €154,668 | €120,794 | -€33,874 | -21.9% |
| Financial debts | 170/4 | €154,668 | €120,794 | -€33,874 | -21.9% |
| Amounts payable within one year | 42/48 | €301,035 | €271,925 | -€29,110 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €35,397 | €35,956 | +€559 | +1.6% |
| Trade debts | 44 | €6,946 | €6,754 | -€193 | -2.8% |
| Suppliers | 440/4 | €6,946 | €6,754 | -€193 | -2.8% |
| Taxes, remuneration and social security | 45 | €20,411 | €10,692 | -€9,719 | -47.6% |
| Taxes | 450/3 | €20,411 | €10,692 | -€9,719 | -47.6% |
| Other amounts payable | 47/48 | €238,281 | €218,523 | -€19,758 | -8.3% |
| Accrued charges and deferred income | 492/3 | €232 | €195 | -€37 | -15.9% |
| Non-recurring operating income | 76A | - | €1,909 | +€1,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,924 | €43,355 | +€2,430 | +5.9% |
| Other operating charges | 640/8 | €2,584 | €2,725 | +€140 | +5.4% |
| Gross operating margin | 9900 | €109,441 | €119,569 | +€10,128 | +9.3% |
| Operating profit (loss) | 9901 | €65,933 | €73,489 | +€7,557 | +11.5% |
| Financial income | 75/76B | €798 | €573 | -€225 | -28.2% |
| Recurring financial income | 75 | €798 | €573 | -€225 | -28.2% |
| Financial charges | 65/66B | €3,617 | €3,020 | -€597 | -16.5% |
| Recurring financial charges | 65 | €3,617 | €3,020 | -€597 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €63,114 | €71,043 | +€7,928 | +12.6% |
| Income taxes | 67/77 | €15,787 | €17,308 | +€1,521 | +9.6% |
| Profit (loss) for the period | 9904 | €47,328 | €53,735 | +€6,407 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,328 | €53,735 | +€6,407 | +13.5% |
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 19 October 2026 via checked.be.