Gryphus: 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.
Gryphus
Largest movements
- Cash -€79,820
down €79,820 (-62.5%), from €127,637 to €47,817
mainly Contributions, distributions and other (-€300,000) and Current investments (-€53,744)
- Current investments +€53,744
up €53,744 (+14.6%), from €367,500 to €421,244
- Tangible fixed assets +€20,027
up €20,027 (+940.7%), from €2,129 to €22,156
of which Furniture and vehicles: +€20,837
- Receivables within one year -€5,813
down €5,813 (-12.8%), from €45,332 to €39,519
of which Trade receivables: -€5,908
- Reserves -€186,875
down €186,875 (-47.4%), from €393,876 to €207,001
of which Distributable reserves: -€186,875
- Other debts +€177,135
up €177,135 (+144.2%), from €122,865 to €300,000
- Financial income +€13,740
up €13,740 (+1579.3%), from €870 to €14,610
of which Non-recurring financial income: +€8,783
- Gross operating margin -€3,875
down €3,875 (-2.8%), from €137,995 to €134,120
- Taxes +€2,825
up €2,825 (+9.3%), from €30,318 to €33,143
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,027 | €532,834 | -€11,193 | -2.1% |
| Fixed assets | 21/28 | €2,129 | €22,156 | +€20,027 | +940.7% |
| Tangible fixed assets | 22/27 | €2,129 | €22,156 | +€20,027 | +940.7% |
| Plant, machinery and equipment | 23 | €1,096 | €286 | -€810 | -73.9% |
| Furniture and vehicles | 24 | €1,033 | €21,870 | +€20,837 | +2017.1% |
| Current assets | 29/58 | €541,898 | €510,678 | -€31,220 | -5.8% |
| Amounts receivable within one year | 40/41 | €45,332 | €39,519 | -€5,813 | -12.8% |
| Trade receivables | 40 | €44,452 | €38,544 | -€5,908 | -13.3% |
| Other amounts receivable | 41 | €880 | €975 | +€95 | +10.8% |
| Current investments | 50/53 | €367,500 | €421,244 | +€53,744 | +14.6% |
| Cash at bank and in hand | 54/58 | €127,637 | €47,817 | -€79,820 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,429 | €2,098 | +€669 | +46.8% |
| Total equity and liabilities | 10/49 | €544,027 | €532,834 | -€11,193 | -2.1% |
| Equity | 10/15 | €398,876 | €212,001 | -€186,875 | -46.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €393,876 | €207,001 | -€186,875 | -47.4% |
| Tax-exempt reserves | 132 | €58,940 | €58,940 | = | 0.0% |
| Distributable reserves | 133 | €334,936 | €148,061 | -€186,875 | -55.8% |
| Amounts payable | 17/49 | €145,151 | €320,833 | +€175,682 | +121.0% |
| Amounts payable within one year | 42/48 | €145,151 | €320,833 | +€175,682 | +121.0% |
| Trade debts | 44 | €6,202 | €4,305 | -€1,897 | -30.6% |
| Suppliers | 440/4 | €6,202 | €4,305 | -€1,897 | -30.6% |
| Taxes, remuneration and social security | 45 | €16,084 | €16,528 | +€444 | +2.8% |
| Taxes | 450/3 | €16,084 | €16,528 | +€444 | +2.8% |
| Other amounts payable | 47/48 | €122,865 | €300,000 | +€177,135 | +144.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,664 | €1,293 | -€371 | -22.3% |
| Other operating charges | 640/8 | €350 | €352 | +€2 | +0.6% |
| Gross operating margin | 9900 | €137,995 | €134,120 | -€3,875 | -2.8% |
| Operating profit (loss) | 9901 | €135,981 | €132,475 | -€3,506 | -2.6% |
| Financial income | 75/76B | €870 | €14,610 | +€13,740 | +1579.3% |
| Recurring financial income | 75 | €870 | €5,827 | +€4,957 | +569.8% |
| Non-recurring financial income | 76B | - | €8,783 | +€8,783 | |
| Financial charges | 65/66B | €1,310 | €817 | -€493 | -37.6% |
| Recurring financial charges | 65 | €1,310 | €817 | -€493 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €135,541 | €146,268 | +€10,727 | +7.9% |
| Income taxes | 67/77 | €30,318 | €33,143 | +€2,825 | +9.3% |
| Profit (loss) for the period | 9904 | €105,223 | €113,125 | +€7,902 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €105,223 | €113,125 | +€7,902 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.