Grypheon Group: 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.
Grypheon Group
Largest movements
- Cash +€55,560
up €55,560 (+175%), from €31,669 to €87,228
mainly Net result for the year (+€71,024) and Other debts (+€10,686)
- Tangible fixed assets +€15,750
up €15,750 (+220%), from €7,158 to €22,908
- Receivables within one year +€14,652
up €14,652 (+22.9%), from €64,045 to €78,696
of which Trade receivables: +€18,222
- Profit (loss) carried forward +€71,024
up €71,024 (+80.6%), from €88,085 to €159,108
- Other debts +€10,686
up €10,686 (+85.8%), from €12,453 to €23,139
- Trade debts +€2,696
up €2,696 (+2,392%), from €113 to €2,809
- Tax, wage and social debts +€2,118
up €2,118 (+471%), from €450 to €2,568
of which Taxes: +€2,118
- Gross operating margin +€19,521
up €19,521 (+25.0%), from €78,086 to €97,607
- Depreciation +€4,320
up €4,320 (+136%), from €3,171 to €7,491
- Taxes +€3,078
up €3,078 (+19.6%), from €15,739 to €18,818
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 | €104,100 | €190,623 | +€86,523 | +83.1% |
| Fixed assets | 21/28 | €7,158 | €22,908 | +€15,750 | +220% |
| Tangible fixed assets | 22/27 | €7,158 | €22,908 | +€15,750 | +220% |
| Furniture and vehicles | 24 | €7,158 | €22,908 | +€15,750 | +220% |
| Current assets | 29/58 | €96,942 | €167,716 | +€70,773 | +73.0% |
| Amounts receivable within one year | 40/41 | €64,045 | €78,696 | +€14,652 | +22.9% |
| Trade receivables | 40 | €59,490 | €77,712 | +€18,222 | +30.6% |
| Other amounts receivable | 41 | €4,555 | €984 | -€3,571 | -78.4% |
| Cash at bank and in hand | 54/58 | €31,669 | €87,228 | +€55,560 | +175% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,791 | +€562 | +45.7% |
| Total equity and liabilities | 10/49 | €104,100 | €190,623 | +€86,523 | +83.1% |
| Equity | 10/15 | €91,085 | €162,108 | +€71,024 | +78.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,085 | €159,108 | +€71,024 | +80.6% |
| Amounts payable | 17/49 | €13,016 | €28,515 | +€15,499 | +119% |
| Amounts payable within one year | 42/48 | €13,016 | €28,515 | +€15,499 | +119% |
| Trade debts | 44 | €113 | €2,809 | +€2,696 | +2,392% |
| Suppliers | 440/4 | €113 | €2,809 | +€2,696 | +2,392% |
| Taxes, remuneration and social security | 45 | €450 | €2,568 | +€2,118 | +471% |
| Taxes | 450/3 | €450 | €2,568 | +€2,118 | +471% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,453 | €23,139 | +€10,686 | +85.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,171 | €7,491 | +€4,320 | +136% |
| Other operating charges | 640/8 | €164 | €326 | +€162 | +98.9% |
| Non-recurring operating charges | 66A | €44 | - | -€44 | |
| Gross operating margin | 9900 | €78,086 | €97,607 | +€19,521 | +25.0% |
| Operating profit (loss) | 9901 | €74,707 | €89,790 | +€15,083 | +20.2% |
| Financial income | 75/76B | €204 | €129 | -€75 | -36.8% |
| Recurring financial income | 75 | €204 | €129 | -€75 | -36.8% |
| Financial charges | 65/66B | €110 | €77 | -€33 | -29.9% |
| Recurring financial charges | 65 | €110 | €77 | -€33 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €74,801 | €89,841 | +€15,041 | +20.1% |
| Income taxes | 67/77 | €15,739 | €18,818 | +€3,078 | +19.6% |
| Profit (loss) for the period | 9904 | €59,062 | €71,024 | +€11,962 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,062 | €71,024 | +€11,962 | +20.3% |
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 25 October 2026 via checked.be.