IP 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.
IP Campus
Largest movements
- Receivables within one year -€18,770
down €18,770 (-56.3%), from €33,343 to €14,573
of which Trade receivables: -€18,147
- Tangible fixed assets -€7,205
down €7,205 (-14.7%), from €49,024 to €41,819
of which Other tangible fixed assets: -€7,149
- Cash +€5,316
up €5,316 (+46.5%), from €11,437 to €16,753
mainly Trade debts (+€19,721) and Receivables within one year (+€18,770)
- Deferred charges and accrued income +€1,700
up €1,700 (+11.8%), from €14,409 to €16,109
- Profit (loss) carried forward -€51,310
down €51,310 (-22.8%), from -€224,792 to -€276,103
- Trade debts +€19,721
up €19,721 (+41.3%), from €47,764 to €67,485
- Tax, wage and social debts +€8,317
up €8,317 (+59.1%), from €14,077 to €22,394
of which Remuneration and social security: +€8,045
- Other debts +€2,477
up €2,477 (+3.6%), from €69,055 to €71,532
- Debts after one year +€1,555
up €1,555 (+4.0%), from €38,867 to €40,421
- Staff costs +€24,483
up €24,483 (+29.1%), from €84,207 to €108,689
- Gross operating margin -€6,385
down €6,385 (-7.9%), from €81,324 to €74,939
- Financial charges -€1,771
down €1,771 (-23.3%), from €7,615 to €5,844
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 | €118,430 | €99,471 | -€18,959 | -16.0% |
| Fixed assets | 21/28 | €59,241 | €52,036 | -€7,205 | -12.2% |
| Tangible fixed assets | 22/27 | €49,024 | €41,819 | -€7,205 | -14.7% |
| Plant, machinery and equipment | 23 | €56 | €0 | -€56 | -100.0% |
| Other tangible fixed assets | 26 | €48,968 | €41,819 | -€7,149 | -14.6% |
| Financial fixed assets | 28 | €10,216 | €10,216 | = | 0.0% |
| Current assets | 29/58 | €59,189 | €47,435 | -€11,754 | -19.9% |
| Amounts receivable within one year | 40/41 | €33,343 | €14,573 | -€18,770 | -56.3% |
| Trade receivables | 40 | €30,730 | €12,583 | -€18,147 | -59.1% |
| Other amounts receivable | 41 | €2,613 | €1,991 | -€623 | -23.8% |
| Cash at bank and in hand | 54/58 | €11,437 | €16,753 | +€5,316 | +46.5% |
| Deferred charges and accrued income | 490/1 | €14,409 | €16,109 | +€1,700 | +11.8% |
| Total equity and liabilities | 10/49 | €118,430 | €99,471 | -€18,959 | -16.0% |
| Equity | 10/15 | -€51,332 | -€102,643 | -€51,310 | -100.0% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €4,860 | €4,860 | = | 0.0% |
| Distributable reserves | 133 | €4,860 | €4,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,792 | -€276,103 | -€51,310 | -22.8% |
| Amounts payable | 17/49 | €169,762 | €202,114 | +€32,352 | +19.1% |
| Amounts payable after more than one year | 17 | €38,867 | €40,421 | +€1,555 | +4.0% |
| Financial debts | 170/4 | €38,867 | €40,421 | +€1,555 | +4.0% |
| Amounts payable within one year | 42/48 | €130,895 | €161,411 | +€30,515 | +23.3% |
| Trade debts | 44 | €47,764 | €67,485 | +€19,721 | +41.3% |
| Suppliers | 440/4 | €47,764 | €67,485 | +€19,721 | +41.3% |
| Taxes, remuneration and social security | 45 | €14,077 | €22,394 | +€8,317 | +59.1% |
| Taxes | 450/3 | €178 | €450 | +€273 | +153.2% |
| Remuneration and social security | 454/9 | €13,899 | €21,943 | +€8,045 | +57.9% |
| Other amounts payable | 47/48 | €69,055 | €71,532 | +€2,477 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | €282 | +€282 | |
| Remuneration, social security and pensions | 62 | €84,207 | €108,689 | +€24,483 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,656 | €7,205 | -€452 | -5.9% |
| Other operating charges | 640/8 | €4,359 | €4,527 | +€168 | +3.8% |
| Gross operating margin | 9900 | €81,324 | €74,939 | -€6,385 | -7.9% |
| Operating profit (loss) | 9901 | -€14,898 | -€45,482 | -€30,584 | -205.3% |
| Financial income | 75/76B | €81 | €16 | -€66 | -80.6% |
| Recurring financial income | 75 | €81 | €16 | -€66 | -80.6% |
| Financial charges | 65/66B | €7,615 | €5,844 | -€1,771 | -23.3% |
| Recurring financial charges | 65 | €7,615 | €5,844 | -€1,771 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,432 | -€51,310 | -€28,878 | -128.7% |
| Profit (loss) for the period | 9904 | -€22,432 | -€51,310 | -€28,878 | -128.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,432 | -€51,310 | -€28,878 | -128.7% |
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 1 October 2026 via checked.be.