GRYFOS STUDIO: 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.
GRYFOS STUDIO
Largest movements
- Receivables within one year -€6,965
down €6,965 (-95.7%), from €7,279 to €314
of which Other amounts receivable: -€4,226
- Tangible fixed assets -€1,611
down €1,611 (-15.4%), from €10,464 to €8,853
- Cash +€1,409
up €1,409 (+7.3%), from €19,330 to €20,739
mainly Short-term financial debts (+€8,075) and Receivables within one year (+€6,965)
- Trade debts -€11,759
down €11,759 (-77.7%), from €15,131 to €3,372
- Short-term financial debts +€8,075
up €8,075 (+291%), from €2,775 to €10,850
of which Credit institutions: +€4,281
- Tax, wage and social debts -€2,625
no longer reported in 2025 (was €2,625)
- Profit (loss) carried forward -€480
down €480 (-12.5%), from -€3,836 to -€4,316
- Other debts -€378
no longer reported in 2025 (was €378)
- Turnover -€32,861
down €32,861 (-35.3%), from €92,990 to €60,129
- Purchases and services -€26,617
down €26,617 (-32.9%), from €80,869 to €54,252
- Gross operating margin -€6,244
down €6,244 (-51.5%), from €12,121 to €5,877
- Taxes +€1,889
new in 2025: €1,889
- Depreciation -€1,184
down €1,184 (-29.3%), from €4,044 to €2,860
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 | €37,073 | €29,906 | -€7,167 | -19.3% |
| Fixed assets | 21/28 | €10,464 | €8,853 | -€1,611 | -15.4% |
| Tangible fixed assets | 22/27 | €10,464 | €8,853 | -€1,611 | -15.4% |
| Furniture and vehicles | 24 | €10,464 | €8,853 | -€1,611 | -15.4% |
| Current assets | 29/58 | €26,609 | €21,053 | -€5,556 | -20.9% |
| Amounts receivable within one year | 40/41 | €7,279 | €314 | -€6,965 | -95.7% |
| Trade receivables | 40 | €2,882 | €143 | -€2,739 | -95.0% |
| Other amounts receivable | 41 | €4,397 | €171 | -€4,226 | -96.1% |
| Cash at bank and in hand | 54/58 | €19,330 | €20,739 | +€1,409 | +7.3% |
| Total equity and liabilities | 10/49 | €37,073 | €29,906 | -€7,167 | -19.3% |
| Equity | 10/15 | €16,164 | €15,684 | -€480 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,836 | -€4,316 | -€480 | -12.5% |
| Amounts payable | 17/49 | €20,909 | €14,222 | -€6,687 | -32.0% |
| Amounts payable within one year | 42/48 | €20,909 | €14,222 | -€6,687 | -32.0% |
| Financial debts | 43 | €2,775 | €10,850 | +€8,075 | +291% |
| Credit institutions | 430/8 | €2,775 | €7,056 | +€4,281 | +154% |
| Other loans | 439 | - | €3,794 | +€3,794 | |
| Trade debts | 44 | €15,131 | €3,372 | -€11,759 | -77.7% |
| Suppliers | 440/4 | €15,131 | €3,372 | -€11,759 | -77.7% |
| Taxes, remuneration and social security | 45 | €2,625 | - | -€2,625 | |
| Taxes | 450/3 | €2,625 | - | -€2,625 | |
| Other amounts payable | 47/48 | €378 | - | -€378 | |
| Turnover | 70 | €92,990 | €60,129 | -€32,861 | -35.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €80,869 | €54,252 | -€26,617 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,044 | €2,860 | -€1,184 | -29.3% |
| Other operating charges | 640/8 | €917 | €1,232 | +€315 | +34.4% |
| Gross operating margin | 9900 | €12,121 | €5,877 | -€6,244 | -51.5% |
| Operating profit (loss) | 9901 | €7,160 | €1,785 | -€5,375 | -75.1% |
| Financial income | 75/76B | €32 | €41 | +€9 | +28.1% |
| Recurring financial income | 75 | €32 | €41 | +€9 | +28.1% |
| Financial charges | 65/66B | €158 | €417 | +€259 | +164% |
| Recurring financial charges | 65 | €158 | €417 | +€259 | +164% |
| Profit (loss) for the period before taxes | 9903 | €7,034 | €1,409 | -€5,625 | -80.0% |
| Income taxes | 67/77 | - | €1,889 | +€1,889 | |
| Profit (loss) for the period | 9904 | €7,034 | -€480 | -€7,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,034 | -€480 | -€7,514 |
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.