I.P.I.C. PLASTIC: what changed
What changed
I.P.I.C. PLASTIC
NACE 22.210, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€119,962
2024 · €121,170-€1,208
Equity
€462,020
2024 · €462,058-€38
Cash
€249,548
2024 · €356,206-€106,657
Balance sheet total
€913,780
2024 · €774,377+€139,403
Largest movements
Assets
- Tangible fixed assets +€192,281
up €192,281 (+183%), from €104,866 to €297,148
of which Plant, machinery and equipment: +€150,204
- Cash -€106,657
down €106,657 (-29.9%), from €356,206 to €249,548
mainly Investment in fixed assets (net) (-€238,442) and Contributions, distributions and other (-€120,000)
- Receivables within one year +€68,940
up €68,940 (+25.0%), from €275,630 to €344,570
of which Trade receivables: +€44,907
- Deferred charges and accrued income -€12,915
down €12,915 (-81.6%), from €15,823 to €2,909
Equity and liabilities
- Trade debts +€178,603
up €178,603 (+174%), from €102,905 to €281,508
- Other debts -€35,000
down €35,000 (-22.6%), from €155,000 to €120,000
Income statement
- Gross operating margin +€35,635
up €35,635 (+6.0%), from €589,403 to €625,038
- Staff costs +€27,000
up €27,000 (+7.2%), from €375,288 to €402,288
- Taxes -€8,496
down €8,496 (-18.5%), from €45,839 to €37,343
- Depreciation +€8,441
up €8,441 (+22.3%), from €37,770 to €46,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€121,170
Gross operating margin
+€35,635
Staff costs
-€27,000
Depreciation
-€8,441
Other operating charges
+€551
Other operating items
-€10,553
Financial income
-€139
Financial charges
+€242
Taxes
+€8,496
Result 2025
€119,962
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€251,856
Investment
-€238,513
Financing
-€120,000
Cash 2024
€356,206
From operations (derived)
+€251,856
Net result for the year
+€119,962
Depreciation
+€46,210
Stocks and contracts
+€2,268
Receivables within one year
-€68,940
Deferred charges and accrued income
+€12,915
Trade debts
+€178,603
Tax, wage and social debts
-€4,037
Other debts
-€35,000
Accrued charges and deferred income
-€125
Investment (derived)
-€238,513
Investment in fixed assets (net)
-€238,442
Current investments
-€71
Financing
-€120,000
Contributions, distributions and other
-€120,000
Cash 2025
€249,548
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €774,377 | €913,780 | +€139,403 | +18.0% |
| Fixed assets | 21/28 | €107,503 | €299,735 | +€192,232 | +179% |
| Intangible fixed assets | 21 | €199 | - | -€199 | |
| Tangible fixed assets | 22/27 | €104,866 | €297,148 | +€192,281 | +183% |
| Plant, machinery and equipment | 23 | €86,210 | €236,414 | +€150,204 | +174% |
| Furniture and vehicles | 24 | €5,007 | €14,519 | +€9,512 | +190% |
| Other tangible fixed assets | 26 | €13,650 | €46,215 | +€32,565 | +239% |
| Financial fixed assets | 28 | €2,438 | €2,588 | +€150 | +6.2% |
| Current assets | 29/58 | €666,874 | €614,045 | -€52,829 | -7.9% |
| Stocks and contracts in progress | 3 | €9,177 | €6,909 | -€2,268 | -24.7% |
| Stocks | 30/36 | €9,177 | €6,909 | -€2,268 | -24.7% |
| Amounts receivable within one year | 40/41 | €275,630 | €344,570 | +€68,940 | +25.0% |
| Trade receivables | 40 | €264,396 | €309,303 | +€44,907 | +17.0% |
| Other amounts receivable | 41 | €11,234 | €35,267 | +€24,033 | +214% |
| Current investments | 50/53 | €10,038 | €10,109 | +€71 | +0.7% |
| Cash at bank and in hand | 54/58 | €356,206 | €249,548 | -€106,657 | -29.9% |
| Deferred charges and accrued income | 490/1 | €15,823 | €2,909 | -€12,915 | -81.6% |
| Total equity and liabilities | 10/49 | €774,377 | €913,780 | +€139,403 | +18.0% |
| Equity | 10/15 | €462,058 | €462,020 | -€38 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €394,338 | €394,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,920 | €3,920 | = | 0.0% |
| Distributable reserves | 133 | €384,218 | €384,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,720 | €5,682 | -€38 | -0.7% |
| Amounts payable | 17/49 | €312,319 | €451,760 | +€139,441 | +44.6% |
| Amounts payable within one year | 42/48 | €311,359 | €450,926 | +€139,566 | +44.8% |
| Trade debts | 44 | €102,905 | €281,508 | +€178,603 | +174% |
| Suppliers | 440/4 | €102,905 | €281,508 | +€178,603 | +174% |
| Taxes, remuneration and social security | 45 | €53,454 | €49,417 | -€4,037 | -7.6% |
| Taxes | 450/3 | €12,915 | €10,820 | -€2,095 | -16.2% |
| Remuneration and social security | 454/9 | €40,539 | €38,598 | -€1,941 | -4.8% |
| Other amounts payable | 47/48 | €155,000 | €120,000 | -€35,000 | -22.6% |
| Accrued charges and deferred income | 492/3 | €960 | €834 | -€125 | -13.1% |
| Remuneration, social security and pensions | 62 | €375,288 | €402,288 | +€27,000 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,770 | €46,210 | +€8,441 | +22.3% |
| Other operating charges | 640/8 | €3,272 | €2,721 | -€551 | -16.8% |
| Non-recurring operating charges | 66A | - | €10,553 | +€10,553 | |
| Gross operating margin | 9900 | €589,403 | €625,038 | +€35,635 | +6.0% |
| Operating profit (loss) | 9901 | €173,074 | €163,267 | -€9,807 | -5.7% |
| Financial income | 75/76B | €213 | €74 | -€139 | -65.1% |
| Recurring financial income | 75 | €213 | €74 | -€139 | -65.1% |
| Financial charges | 65/66B | €6,278 | €6,036 | -€242 | -3.8% |
| Recurring financial charges | 65 | €6,278 | €6,036 | -€242 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €167,010 | €157,305 | -€9,705 | -5.8% |
| Income taxes | 67/77 | €45,839 | €37,343 | -€8,496 | -18.5% |
| Profit (loss) for the period | 9904 | €121,170 | €119,962 | -€1,208 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,170 | €119,962 | -€1,208 | -1.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.