VAPORMONKS: 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.
VAPORMONKS
Largest movements
- Stocks and contracts +€30,001
up €30,001 (+95.2%), from €31,511 to €61,512
- Cash -€19,014
down €19,014 (-14.5%), from €130,683 to €111,669
mainly Trade debts (-€37,608) and Stocks and contracts (-€30,001)
- Receivables within one year -€13,050
down €13,050 (-97.3%), from €13,418 to €368
- Trade debts -€37,608
down €37,608 (-76.1%), from €49,393 to €11,785
- Reserves +€22,621
up €22,621 (+19.9%), from €113,862 to €136,483
- Tax, wage and social debts +€14,123
up €14,123 (+132%), from €10,674 to €24,797
of which Taxes: +€13,838
- Debts after one year +€3,815
new in 2025: €3,815
- Other debts -€2,143
down €2,143 (-39.9%), from €5,366 to €3,223
- Gross operating margin +€25,142
up €25,142 (+28.1%), from €89,564 to €114,706
- Other operating charges +€7,026
up €7,026 (+22.9%), from €30,617 to €37,643
- Taxes +€6,210
up €6,210 (+90.4%), from €6,867 to €13,077
- Staff costs +€3,120
up €3,120 (+14.3%), from €21,863 to €24,983
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 | €192,869 | €193,685 | +€816 | +0.4% |
| Fixed assets | 21/28 | €17,090 | €18,797 | +€1,707 | +10.0% |
| Tangible fixed assets | 22/27 | €17,090 | €18,797 | +€1,707 | +10.0% |
| Plant, machinery and equipment | 23 | €10,942 | €8,520 | -€2,422 | -22.1% |
| Furniture and vehicles | 24 | €5,210 | €5,020 | -€190 | -3.6% |
| Leasing and similar rights | 25 | €445 | €5,075 | +€4,630 | +1,041% |
| Other tangible fixed assets | 26 | €493 | €181 | -€311 | -63.2% |
| Current assets | 29/58 | €175,779 | €174,888 | -€891 | -0.5% |
| Stocks and contracts in progress | 3 | €31,511 | €61,512 | +€30,001 | +95.2% |
| Stocks | 30/36 | €31,511 | €61,512 | +€30,001 | +95.2% |
| Amounts receivable within one year | 40/41 | €13,418 | €368 | -€13,050 | -97.3% |
| Other amounts receivable | 41 | €13,418 | €368 | -€13,050 | -97.3% |
| Cash at bank and in hand | 54/58 | €130,683 | €111,669 | -€19,014 | -14.5% |
| Deferred charges and accrued income | 490/1 | €168 | €1,340 | +€1,173 | +699% |
| Total equity and liabilities | 10/49 | €192,869 | €193,685 | +€816 | +0.4% |
| Equity | 10/15 | €126,262 | €148,883 | +€22,621 | +17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €113,862 | €136,483 | +€22,621 | +19.9% |
| Distributable reserves | 133 | €113,862 | €136,483 | +€22,621 | +19.9% |
| Amounts payable | 17/49 | €66,607 | €44,802 | -€21,805 | -32.7% |
| Amounts payable after more than one year | 17 | - | €3,815 | +€3,815 | |
| Financial debts | 170/4 | - | €3,815 | +€3,815 | |
| Amounts payable within one year | 42/48 | €66,516 | €40,988 | -€25,529 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €1,083 | €1,183 | +€100 | +9.2% |
| Trade debts | 44 | €49,393 | €11,785 | -€37,608 | -76.1% |
| Suppliers | 440/4 | €49,393 | €11,785 | -€37,608 | -76.1% |
| Taxes, remuneration and social security | 45 | €10,674 | €24,797 | +€14,123 | +132% |
| Taxes | 450/3 | €7,807 | €21,645 | +€13,838 | +177% |
| Remuneration and social security | 454/9 | €2,867 | €3,151 | +€284 | +9.9% |
| Other amounts payable | 47/48 | €5,366 | €3,223 | -€2,143 | -39.9% |
| Accrued charges and deferred income | 492/3 | €91 | - | -€91 | |
| Remuneration, social security and pensions | 62 | €21,863 | €24,983 | +€3,120 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,934 | €8,709 | -€226 | -2.5% |
| Other operating charges | 640/8 | €30,617 | €37,643 | +€7,026 | +22.9% |
| Non-recurring operating charges | 66A | €1,423 | €971 | -€452 | -31.8% |
| Gross operating margin | 9900 | €89,564 | €114,706 | +€25,142 | +28.1% |
| Operating profit (loss) | 9901 | €26,727 | €42,400 | +€15,673 | +58.6% |
| Financial income | 75/76B | €741 | €273 | -€468 | -63.2% |
| Recurring financial income | 75 | €741 | €273 | -€468 | -63.2% |
| Financial charges | 65/66B | €7,981 | €6,974 | -€1,007 | -12.6% |
| Recurring financial charges | 65 | €7,981 | €6,974 | -€1,007 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €19,487 | €35,699 | +€16,211 | +83.2% |
| Income taxes | 67/77 | €6,867 | €13,077 | +€6,210 | +90.4% |
| Profit (loss) for the period | 9904 | €12,620 | €22,621 | +€10,001 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,620 | €22,621 | +€10,001 | +79.2% |
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 31 October 2026 via checked.be.