TereLabs: 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.
TereLabs
Largest movements
- Cash +€47,351
up €47,351 (+54.4%), from €86,988 to €134,339
mainly Net result for the year (+€61,199) and Deferred charges and accrued income (+€19,170)
- Deferred charges and accrued income -€19,170
no longer reported in 2025 (was €19,170)
- Receivables within one year +€11,972
up €11,972 (+37.3%), from €32,138 to €44,110
of which Other amounts receivable: +€12,776
- Stocks and contracts +€11,264
new in 2025: €11,264
- Tangible fixed assets -€4,715
down €4,715 (-20.7%), from €22,739 to €18,024
of which Furniture and vehicles: -€4,716
- Reserves +€61,199
up €61,199 (+63.7%), from €96,116 to €157,315
- Other debts -€10,900
down €10,900 (-62.3%), from €17,486 to €6,586
- Trade debts -€3,572
down €3,572 (-65.0%), from €5,494 to €1,922
- Gross operating margin -€44,590
down €44,590 (-34.7%), from €128,397 to €83,807
- Taxes -€9,360
down €9,360 (-36.6%), from €25,585 to €16,225
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 | €161,034 | €207,737 | +€46,703 | +29.0% |
| Fixed assets | 21/28 | €22,739 | €18,024 | -€4,715 | -20.7% |
| Tangible fixed assets | 22/27 | €22,739 | €18,024 | -€4,715 | -20.7% |
| Plant, machinery and equipment | 23 | €3,876 | €3,877 | +€1 | 0.0% |
| Furniture and vehicles | 24 | €18,863 | €14,147 | -€4,716 | -25.0% |
| Current assets | 29/58 | €138,295 | €189,713 | +€51,418 | +37.2% |
| Stocks and contracts in progress | 3 | - | €11,264 | +€11,264 | |
| Stocks | 30/36 | - | €11,264 | +€11,264 | |
| Amounts receivable within one year | 40/41 | €32,138 | €44,110 | +€11,972 | +37.3% |
| Trade receivables | 40 | €32,138 | €31,334 | -€803 | -2.5% |
| Other amounts receivable | 41 | - | €12,776 | +€12,776 | |
| Cash at bank and in hand | 54/58 | €86,988 | €134,339 | +€47,351 | +54.4% |
| Deferred charges and accrued income | 490/1 | €19,170 | - | -€19,170 | |
| Total equity and liabilities | 10/49 | €161,034 | €207,737 | +€46,703 | +29.0% |
| Equity | 10/15 | €101,116 | €162,315 | +€61,199 | +60.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,116 | €157,315 | +€61,199 | +63.7% |
| Distributable reserves | 133 | €96,116 | €157,315 | +€61,199 | +63.7% |
| Amounts payable | 17/49 | €59,918 | €45,422 | -€14,497 | -24.2% |
| Amounts payable within one year | 42/48 | €59,918 | €45,422 | -€14,497 | -24.2% |
| Trade debts | 44 | €5,494 | €1,922 | -€3,572 | -65.0% |
| Suppliers | 440/4 | €5,494 | €1,922 | -€3,572 | -65.0% |
| Taxes, remuneration and social security | 45 | €36,938 | €36,914 | -€25 | -0.1% |
| Taxes | 450/3 | €33,938 | €36,914 | +€2,975 | +8.8% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €17,486 | €6,586 | -€10,900 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,904 | €6,201 | +€297 | +5.0% |
| Other operating charges | 640/8 | €748 | €183 | -€565 | -75.6% |
| Gross operating margin | 9900 | €128,397 | €83,807 | -€44,590 | -34.7% |
| Operating profit (loss) | 9901 | €121,746 | €77,424 | -€44,322 | -36.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €47 | - | -€47 | |
| Recurring financial charges | 65 | €47 | - | -€47 | |
| Profit (loss) for the period before taxes | 9903 | €121,701 | €77,424 | -€44,277 | -36.4% |
| Income taxes | 67/77 | €25,585 | €16,225 | -€9,360 | -36.6% |
| Profit (loss) for the period | 9904 | €96,116 | €61,199 | -€34,917 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,116 | €61,199 | -€34,917 | -36.3% |
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 8 October 2026 via checked.be.