Pure Vape: 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.
Pure Vape
Largest movements
- Cash -€384,505
down €384,505 (-21.8%), from €1.8m to €1.4m
mainly Contributions, distributions and other (-€1.3m) and Deferred charges and accrued income (-€114,071)
- Receivables within one year -€265,830
down €265,830 (-53.8%), from €494,189 to €228,359
of which Other amounts receivable: -€204,191
- Deferred charges and accrued income +€114,071
up €114,071 (+124%), from €91,992 to €206,063
- Current investments +€39,999
up €39,999 (+68.1%), from €58,756 to €98,755
- Stocks and contracts +€33,043
up €33,043 (+15.5%), from €213,779 to €246,821
- Reserves -€749,130
down €749,130 (-36.2%), from €2.1m to €1.3m
of which Distributable reserves: -€1.2m
- Other debts +€199,159
up €199,159 (+87.5%), from €227,576 to €426,735
- Tax, wage and social debts +€98,914
up €98,914 (+278%), from €35,617 to €134,531
of which Taxes: +€71,771
- Gross operating margin -€533,499
down €533,499 (-36.0%), from €1.5m to €950,285
- Taxes -€123,561
down €123,561 (-39.9%), from €309,319 to €185,758
- Staff costs +€25,147
up €25,147 (+15.9%), from €158,380 to €183,526
- Financial income +€21,715
up €21,715 (+507%), from €4,286 to €26,001
of which Financial income: +€19,715
- Other operating charges -€17,340
down €17,340 (-58.2%), from €29,781 to €12,441
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 | €2,843,302 | €2,382,956 | -€460,346 | -16.2% |
| Fixed assets | 21/28 | €217,497 | €220,373 | +€2,876 | +1.3% |
| Tangible fixed assets | 22/27 | €191,707 | €194,583 | +€2,876 | +1.5% |
| Land and buildings | 22 | €126,467 | €119,218 | -€7,248 | -5.7% |
| Plant, machinery and equipment | 23 | €65,241 | €50,429 | -€14,812 | -22.7% |
| Furniture and vehicles | 24 | €0 | €24,936 | +€24,936 | |
| Financial fixed assets | 28 | €25,790 | €25,790 | = | 0.0% |
| Current assets | 29/58 | €2,625,805 | €2,162,583 | -€463,222 | -17.6% |
| Stocks and contracts in progress | 3 | €213,779 | €246,821 | +€33,043 | +15.5% |
| Stocks | 30/36 | €213,779 | €246,821 | +€33,043 | +15.5% |
| Amounts receivable within one year | 40/41 | €494,189 | €228,359 | -€265,830 | -53.8% |
| Trade receivables | 40 | €286,636 | €224,998 | -€61,638 | -21.5% |
| Other amounts receivable | 41 | €207,553 | €3,361 | -€204,191 | -98.4% |
| Current investments | 50/53 | €58,756 | €98,755 | +€39,999 | +68.1% |
| Cash at bank and in hand | 54/58 | €1,767,090 | €1,382,585 | -€384,505 | -21.8% |
| Deferred charges and accrued income | 490/1 | €91,992 | €206,063 | +€114,071 | +124% |
| Total equity and liabilities | 10/49 | €2,843,302 | €2,382,956 | -€460,346 | -16.2% |
| Equity | 10/15 | €2,085,655 | €1,336,525 | -€749,130 | -35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,067,055 | €1,317,925 | -€749,130 | -36.2% |
| Tax-exempt reserves | 132 | €842,000 | €1,263,000 | +€421,000 | +50.0% |
| Distributable reserves | 133 | €1,225,055 | €54,925 | -€1.2m | -95.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €757,647 | €1,046,431 | +€288,784 | +38.1% |
| Amounts payable after more than one year | 17 | €101,047 | €83,777 | -€17,269 | -17.1% |
| Financial debts | 170/4 | €101,047 | €83,777 | -€17,269 | -17.1% |
| Amounts payable within one year | 42/48 | €656,601 | €962,646 | +€306,045 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €22,806 | €17,269 | -€5,537 | -24.3% |
| Trade debts | 44 | €370,602 | €384,111 | +€13,509 | +3.6% |
| Suppliers | 440/4 | €370,602 | €384,111 | +€13,509 | +3.6% |
| Taxes, remuneration and social security | 45 | €35,617 | €134,531 | +€98,914 | +278% |
| Taxes | 450/3 | €10,704 | €82,474 | +€71,771 | +671% |
| Remuneration and social security | 454/9 | €24,913 | €52,057 | +€27,143 | +109% |
| Other amounts payable | 47/48 | €227,576 | €426,735 | +€199,159 | +87.5% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Non-recurring operating income | 76A | €7,864 | €0 | -€7,864 | -100% |
| Remuneration, social security and pensions | 62 | €158,380 | €183,526 | +€25,147 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,081 | €28,124 | +€12,044 | +74.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €29,781 | €12,441 | -€17,340 | -58.2% |
| Non-recurring operating charges | 66A | €1,293 | €0 | -€1,293 | -100% |
| Gross operating margin | 9900 | €1,483,784 | €950,285 | -€533,499 | -36.0% |
| Operating profit (loss) | 9901 | €1,278,250 | €726,193 | -€552,057 | -43.2% |
| Financial income | 75/76B | €4,286 | €26,001 | +€21,715 | +507% |
| Recurring financial income | 75 | €4,286 | €24,001 | +€19,715 | +460% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €16,867 | €15,566 | -€1,302 | -7.7% |
| Recurring financial charges | 65 | €16,867 | €15,566 | -€1,302 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €1,265,669 | €736,628 | -€529,040 | -41.8% |
| Income taxes | 67/77 | €309,319 | €185,758 | -€123,561 | -39.9% |
| Profit (loss) for the period | 9904 | €956,349 | €550,870 | -€405,480 | -42.4% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €421,000 | -€421,000 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,349 | €129,870 | +€15,520 | +13.6% |
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.