SK Vaping: 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.
SK Vaping
Largest movements
- Current investments +€60,000
up €60,000 (+28.9%), from €207,879 to €267,879
- Receivables within one year +€9,622
up €9,622 (+270%), from €3,565 to €13,187
- Reserves +€120,396
up €120,396 (+6,473%), from €1,860 to €122,256
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
- Trade debts +€22,850
up €22,850 (+105%), from €21,850 to €44,701
- Tax, wage and social debts -€9,656
down €9,656 (-11.2%), from €86,498 to €76,842
of which Taxes: -€9,749
- Gross operating margin -€200,561
down €200,561 (-37.4%), from €535,777 to €335,216
- Taxes -€36,616
down €36,616 (-39.4%), from €92,879 to €56,263
- Financial income +€11,114
up €11,114 (+3,556%), from €313 to €11,427
- Staff costs +€7,027
up €7,027 (+4.7%), from €148,791 to €155,818
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 | €735,827 | €809,418 | +€73,590 | +10.0% |
| Fixed assets | 21/28 | €17,773 | €22,035 | +€4,262 | +24.0% |
| Tangible fixed assets | 22/27 | €4,973 | €9,235 | +€4,262 | +85.7% |
| Land and buildings | 22 | - | €5,861 | +€5,861 | |
| Furniture and vehicles | 24 | €4,973 | €3,374 | -€1,599 | -32.2% |
| Financial fixed assets | 28 | €12,800 | €12,800 | = | 0.0% |
| Current assets | 29/58 | €718,055 | €787,383 | +€69,328 | +9.7% |
| Stocks and contracts in progress | 3 | €81,100 | €84,700 | +€3,600 | +4.4% |
| Stocks | 30/36 | €81,100 | €84,700 | +€3,600 | +4.4% |
| Amounts receivable within one year | 40/41 | €3,565 | €13,187 | +€9,622 | +270% |
| Other amounts receivable | 41 | €3,565 | €13,187 | +€9,622 | +270% |
| Current investments | 50/53 | €207,879 | €267,879 | +€60,000 | +28.9% |
| Cash at bank and in hand | 54/58 | €425,511 | €420,616 | -€4,895 | -1.2% |
| Deferred charges and accrued income | 490/1 | - | €1,002 | +€1,002 | |
| Total equity and liabilities | 10/49 | €735,827 | €809,418 | +€73,590 | +10.0% |
| Equity | 10/15 | €567,479 | €687,875 | +€120,396 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €122,256 | +€120,396 | +6,473% |
| Distributable reserves | 133 | €1,860 | €122,256 | +€120,396 | +6,473% |
| Profit (loss) carried forward | 14 | €547,019 | €547,019 | = | 0.0% |
| Amounts payable | 17/49 | €168,348 | €121,542 | -€46,806 | -27.8% |
| Amounts payable within one year | 42/48 | €168,348 | €121,542 | -€46,806 | -27.8% |
| Trade debts | 44 | €21,850 | €44,701 | +€22,850 | +105% |
| Suppliers | 440/4 | €21,850 | €44,701 | +€22,850 | +105% |
| Taxes, remuneration and social security | 45 | €86,498 | €76,842 | -€9,656 | -11.2% |
| Taxes | 450/3 | €52,153 | €42,405 | -€9,749 | -18.7% |
| Remuneration and social security | 454/9 | €34,345 | €34,437 | +€92 | +0.3% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Remuneration, social security and pensions | 62 | €148,791 | €155,818 | +€7,027 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,018 | €4,204 | +€1,185 | +39.3% |
| Other operating charges | 640/8 | €8,340 | €7,268 | -€1,072 | -12.8% |
| Non-recurring operating charges | 66A | €24,489 | - | -€24,489 | |
| Gross operating margin | 9900 | €535,777 | €335,216 | -€200,561 | -37.4% |
| Operating profit (loss) | 9901 | €351,139 | €167,926 | -€183,213 | -52.2% |
| Financial income | 75/76B | €313 | €11,427 | +€11,114 | +3,556% |
| Recurring financial income | 75 | €313 | €11,427 | +€11,114 | +3,556% |
| Financial charges | 65/66B | €5,552 | €2,694 | -€2,858 | -51.5% |
| Recurring financial charges | 65 | €5,552 | €2,694 | -€2,858 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €345,900 | €176,659 | -€169,241 | -48.9% |
| Income taxes | 67/77 | €92,879 | €56,263 | -€36,616 | -39.4% |
| Profit (loss) for the period | 9904 | €253,021 | €120,396 | -€132,625 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €253,021 | €120,396 | -€132,625 | -52.4% |
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 23 October 2026 via checked.be.