EUROMETROPOLITAN E-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.
EUROMETROPOLITAN E-CAMPUS
Largest movements
- Receivables within one year -€563,392
down €563,392 (-67.7%), from €832,128 to €268,736
of which Other amounts receivable: -€485,392
- Cash -€406,136
down €406,136 (-69.6%), from €583,873 to €177,737
mainly Debts within one year (-€716,827) and Current investments (-€350,000)
- Current investments +€350,000
new in 2025: €350,000
- Tangible fixed assets -€176,353
down €176,353 (-4.3%), from €4.1m to €3.9m
of which Land and buildings: -€152,108
- Debts within one year -€716,827
down €716,827 (-60.6%), from €1.2m to €465,572
- Investment grants -€175,099
down €175,099 (-4.3%), from €4.0m to €3.9m
- Gross operating margin -€219,921
down €219,921 (-31.6%), from €695,955 to €476,034
- Staff costs -€167,516
down €167,516 (-30.0%), from €557,553 to €390,037
- Other operating charges -€27,160
down €27,160 (-36.1%), from €75,310 to €48,150
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 | €5,483,868 | €4,694,264 | -€789,604 | -14.4% |
| Fixed assets | 21/28 | €4,064,290 | €3,887,937 | -€176,353 | -4.3% |
| Tangible fixed assets | 22/27 | €4,064,290 | €3,887,937 | -€176,353 | -4.3% |
| Land and buildings | 22 | €4,040,045 | €3,887,937 | -€152,108 | -3.8% |
| Plant, machinery and equipment | 23 | €24,245 | - | -€24,245 | |
| Current assets | 29/58 | €1,419,578 | €806,327 | -€613,251 | -43.2% |
| Amounts receivable within one year | 40/41 | €832,128 | €268,736 | -€563,392 | -67.7% |
| Trade receivables | 40 | €86,655 | €8,655 | -€78,000 | -90.0% |
| Other amounts receivable | 41 | €745,473 | €260,081 | -€485,392 | -65.1% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €583,873 | €177,737 | -€406,136 | -69.6% |
| Deferred charges and accrued income | 490/1 | €3,577 | €9,854 | +€6,277 | +175% |
| Total equity and liabilities | 10/49 | €5,483,868 | €4,694,264 | -€789,604 | -14.4% |
| Equity | 10/15 | €4,068,297 | €3,918,237 | -€150,060 | -3.7% |
| Profit (loss) carried forward | 14 | €19,474 | €44,513 | +€25,039 | +129% |
| Investment grants | 15 | €4,048,823 | €3,873,724 | -€175,099 | -4.3% |
| Amounts payable | 17/49 | €1,415,571 | €776,027 | -€639,544 | -45.2% |
| Amounts payable after more than one year | 17 | €231,862 | €284,049 | +€52,187 | +22.5% |
| Advances received on contracts in progress | 176 | €2,962 | €55,149 | +€52,187 | +1,762% |
| Other amounts payable | 178/9 | €228,900 | €228,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,182,399 | €465,572 | -€716,827 | -60.6% |
| Financial debts | 43 | €350,000 | - | -€350,000 | |
| Credit institutions | 430/8 | €350,000 | - | -€350,000 | |
| Trade debts | 44 | €154,244 | €49,237 | -€105,007 | -68.1% |
| Suppliers | 440/4 | €154,244 | €49,237 | -€105,007 | -68.1% |
| Taxes, remuneration and social security | 45 | €74,771 | €33,457 | -€41,314 | -55.3% |
| Taxes | 450/3 | €26,713 | - | -€26,713 | |
| Remuneration and social security | 454/9 | €48,058 | €33,457 | -€14,601 | -30.4% |
| Accrued charges and deferred income | 492/3 | €1,310 | €26,406 | +€25,096 | +1,916% |
| Non-recurring operating income | 76A | €2,965 | - | -€2,965 | |
| Remuneration, social security and pensions | 62 | €557,553 | €390,037 | -€167,516 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,174 | €176,353 | -€5,821 | -3.2% |
| Other operating charges | 640/8 | €75,310 | €48,150 | -€27,160 | -36.1% |
| Non-recurring operating charges | 66A | €37,482 | - | -€37,482 | |
| Gross operating margin | 9900 | €695,955 | €476,034 | -€219,921 | -31.6% |
| Operating profit (loss) | 9901 | -€156,564 | -€138,506 | +€18,058 | +11.5% |
| Financial income | 75/76B | €180,966 | €175,099 | -€5,867 | -3.2% |
| Recurring financial income | 75 | €180,966 | €175,099 | -€5,867 | -3.2% |
| Financial charges | 65/66B | €16,300 | €10,846 | -€5,454 | -33.5% |
| Recurring financial charges | 65 | €16,300 | €10,846 | -€5,454 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €8,102 | €25,747 | +€17,645 | +218% |
| Income taxes | 67/77 | - | €708 | +€708 | |
| Profit (loss) for the period | 9904 | €8,102 | €25,039 | +€16,937 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €8,102 | €25,039 | +€16,937 | +209% |
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 1 November 2026 via checked.be.