The 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.
The Campus
Largest movements
- Receivables within one year -€66,698
down €66,698 (-99.0%), from €67,346 to €647
of which Other amounts receivable: -€46,490
- Other debts -€212,544
down €212,544 (-72.2%), from €294,296 to €81,752
- Profit (loss) carried forward +€205,483
up €205,483 (+58.0%), from -€354,489 to -€149,006
- Trade debts -€55,411
down €55,411 (-92.2%), from €60,131 to €4,720
- Tax, wage and social debts -€4,701
no longer reported in 2025 (was €4,701)
- Purchases and services -€339,823
down €339,823 (-96.9%), from €350,789 to €10,966
- Turnover -€303,364
no longer reported in 2025 (was €303,364)
- Gross operating margin +€36,376
up €36,376 (+81.8%), from -€44,454 to -€8,078
- Staff costs -€19,569
down €19,569 (-59.4%), from €32,969 to €13,400
- Financial charges -€9,094
down €9,094 (-64.1%), from €14,193 to €5,099
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 | €72,839 | €5,666 | -€67,173 | -92.2% |
| Current assets | 29/58 | €72,839 | €5,666 | -€67,173 | -92.2% |
| Amounts receivable within one year | 40/41 | €67,346 | €647 | -€66,698 | -99.0% |
| Trade receivables | 40 | €20,208 | - | -€20,208 | |
| Other amounts receivable | 41 | €47,138 | €647 | -€46,490 | -98.6% |
| Cash at bank and in hand | 54/58 | €5,349 | €4,888 | -€461 | -8.6% |
| Deferred charges and accrued income | 490/1 | €144 | €131 | -€14 | -9.6% |
| Total equity and liabilities | 10/49 | €72,839 | €5,666 | -€67,173 | -92.2% |
| Equity | 10/15 | -€286,289 | -€80,806 | +€205,483 | +71.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,489 | -€149,006 | +€205,483 | +58.0% |
| Amounts payable | 17/49 | €359,128 | €86,472 | -€272,656 | -75.9% |
| Amounts payable within one year | 42/48 | €359,128 | €86,472 | -€272,656 | -75.9% |
| Trade debts | 44 | €60,131 | €4,720 | -€55,411 | -92.2% |
| Suppliers | 440/4 | €60,131 | €4,720 | -€55,411 | -92.2% |
| Taxes, remuneration and social security | 45 | €4,701 | - | -€4,701 | |
| Remuneration and social security | 454/9 | €4,701 | - | -€4,701 | |
| Other amounts payable | 47/48 | €294,296 | €81,752 | -€212,544 | -72.2% |
| Turnover | 70 | €303,364 | - | -€303,364 | |
| Non-recurring operating income | 76A | €698 | - | -€698 | |
| Goods, raw materials, services and sundry goods | 60/61 | €350,789 | €10,966 | -€339,823 | -96.9% |
| Remuneration, social security and pensions | 62 | €32,969 | €13,400 | -€19,569 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | - | -€48 | |
| Other operating charges | 640/8 | €1,156 | €940 | -€216 | -18.7% |
| Gross operating margin | 9900 | -€44,454 | -€8,078 | +€36,376 | +81.8% |
| Operating profit (loss) | 9901 | -€78,626 | -€22,418 | +€56,209 | +71.5% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €14,193 | €5,099 | -€9,094 | -64.1% |
| Recurring financial charges | 65 | €14,193 | €5,099 | -€9,094 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | -€92,801 | -€27,517 | +€65,284 | +70.3% |
| Profit (loss) for the period | 9904 | -€92,801 | -€27,517 | +€65,284 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,801 | -€27,517 | +€65,284 | +70.3% |
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 18 October 2026 via checked.be.