In a large bowl, whisk together the flour, granulated sugar, vanilla sugar, and a pinch of salt. Add the eggs, milk, and sparkling water. Whisk until the batter is smooth and free of lumps.
Lightly grease a skillet or crepe pan with vegetable oil. Heat over medium heat. Pour a thin layer of batter into the pan, swirling to coat the bottom. Cook for 2-3 minutes per side, or until golden brown. Repeat until all the batter is used.
Line a cake pan with plastic wrap or parchment paper. Place a pancake on the bottom, then spread a thin layer of Nutella over the pancake. Repeat, layering pancakes and Nutella until all pancakes are used.
In a chilled bowl, whip the heavy cream with powdered sugar until stiff peaks form. Spread the whipped cream evenly over the top of the pancake cake. Garnish as desired, such as with chocolate shavings or fresh fruit.
Refrigerate the pancake cake for at least 1 hour to allow the flavors to meld and the cake to set, making it easier to slice.
Slice and serve the pancake cake chilled or at room temperature.
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