I wonder if instead of V-E+R it would be more intuitive to use V+R-E so there are no intermediate negative numbers in the calculation.
Another reason, however, is that although some negative numbers show up, the numbers are all very small, and this could be a good opportunity to introduce some exposure to negative numbers.
In either case, I don't think it is that big of a conceptual stumbling block to have a minus sign in the middle...
[1]: http://en.wikipedia.org/wiki/Euler_characteristic#Generaliza...