Tip - Top I.C.B.: what changed
What changed
Tip - Top I.C.B.
NACE 22.120, Manufacture of rubber and plastic products
filed annual accounts (NBB)
Net result for the year
€123,869
2024 · €39,161+€84,708
Equity
€1.5m
2024 · €1.4m+€123,869
Cash
€785,538
2024 · €561,556+€223,982
Balance sheet total
€1.8m
2024 · €1.7m+€121,973
Largest movements
Assets
- Cash +€223,982
up €223,982 (+39.9%), from €561,556 to €785,538
mainly Net result for the year (+€123,869) and Depreciation (+€93,295)
- Receivables within one year -€62,385
down €62,385 (-11.0%), from €565,589 to €503,204
of which Trade receivables: -€60,146
- Tangible fixed assets -€50,647
down €50,647 (-23.4%), from €216,516 to €165,869
Equity and liabilities
- Reserves +€123,869
up €123,869 (+242%), from €51,261 to €175,130
of which Distributable reserves: +€123,869
- Trade debts -€20,622
down €20,622 (-11.6%), from €178,348 to €157,726
- Tax, wage and social debts +€18,726
up €18,726 (+26.6%), from €70,277 to €89,003
Income statement
- Staff costs -€98,162
down €98,162 (-18.4%), from €533,093 to €434,931
- Gross operating margin -€41,660
down €41,660 (-5.4%), from €769,321 to €727,661
- Taxes -€21,432
down €21,432 (-27.8%), from €77,022 to €55,590
- Write-downs -€19,558
down €19,558, from €9,779 to -€9,779
- Depreciation +€10,319
up €10,319 (+12.4%), from €82,976 to €93,295
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
€39,161
Gross operating margin
-€41,660
Staff costs
+€98,162
Depreciation
-€10,319
Write-downs
+€19,558
Other operating charges
+€318
Other operating items
+€4,852
Financial income
+€59
Financial charges
-€7,694
Taxes
+€21,432
Result 2025
€123,869
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
+€266,630
Investment
-€42,648
Financing
€0
Cash 2024
€561,556
From operations (derived)
+€266,630
Net result for the year
+€123,869
Depreciation
+€93,295
Stocks and contracts
-€11,023
Receivables within one year
+€62,385
Trade debts
-€20,622
Tax, wage and social debts
+€18,726
Investment (derived)
-€42,648
Investment in fixed assets (net)
-€42,648
Cash 2025
€785,538
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,659,600 | €1,781,573 | +€121,973 | +7.3% |
| Fixed assets | 21/28 | €232,241 | €181,594 | -€50,647 | -21.8% |
| Tangible fixed assets | 22/27 | €216,516 | €165,869 | -€50,647 | -23.4% |
| Plant, machinery and equipment | 23 | €59,164 | €34,721 | -€24,443 | -41.3% |
| Furniture and vehicles | 24 | €113,483 | €95,207 | -€18,276 | -16.1% |
| Other tangible fixed assets | 26 | €43,869 | €35,941 | -€7,928 | -18.1% |
| Financial fixed assets | 28 | €15,725 | €15,725 | = | 0.0% |
| Current assets | 29/58 | €1,427,359 | €1,599,979 | +€172,620 | +12.1% |
| Stocks and contracts in progress | 3 | €300,214 | €311,237 | +€11,023 | +3.7% |
| Stocks | 30/36 | €300,214 | €311,237 | +€11,023 | +3.7% |
| Amounts receivable within one year | 40/41 | €565,589 | €503,204 | -€62,385 | -11.0% |
| Trade receivables | 40 | €554,817 | €494,671 | -€60,146 | -10.8% |
| Other amounts receivable | 41 | €10,772 | €8,533 | -€2,239 | -20.8% |
| Cash at bank and in hand | 54/58 | €561,556 | €785,538 | +€223,982 | +39.9% |
| Total equity and liabilities | 10/49 | €1,659,600 | €1,781,573 | +€121,973 | +7.3% |
| Equity | 10/15 | €1,410,975 | €1,534,844 | +€123,869 | +8.8% |
| Contributions | 10/11 | €121,000 | €121,000 | = | 0.0% |
| Capital | 10 | €121,000 | €121,000 | = | 0.0% |
| Issued capital | 100 | €121,000 | €121,000 | = | 0.0% |
| Reserves | 13 | €51,261 | €175,130 | +€123,869 | +242% |
| Non-distributable reserves | 130/1 | €12,100 | €12,100 | = | 0.0% |
| Legal reserve | 130 | €12,100 | €12,100 | = | 0.0% |
| Distributable reserves | 133 | €39,161 | €163,030 | +€123,869 | +316% |
| Profit (loss) carried forward | 14 | €1,238,714 | €1,238,714 | = | 0.0% |
| Amounts payable | 17/49 | €248,625 | €246,729 | -€1,896 | -0.8% |
| Amounts payable within one year | 42/48 | €248,625 | €246,729 | -€1,896 | -0.8% |
| Trade debts | 44 | €178,348 | €157,726 | -€20,622 | -11.6% |
| Suppliers | 440/4 | €178,348 | €157,726 | -€20,622 | -11.6% |
| Taxes, remuneration and social security | 45 | €70,277 | €89,003 | +€18,726 | +26.6% |
| Remuneration and social security | 454/9 | €70,277 | €89,003 | +€18,726 | +26.6% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €533,093 | €434,931 | -€98,162 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,976 | €93,295 | +€10,319 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,779 | -€9,779 | -€19,558 | |
| Other operating charges | 640/8 | €12,067 | €11,749 | -€318 | -2.6% |
| Non-recurring operating charges | 66A | €8,336 | €3,484 | -€4,852 | -58.2% |
| Gross operating margin | 9900 | €769,321 | €727,661 | -€41,660 | -5.4% |
| Operating profit (loss) | 9901 | €123,070 | €193,981 | +€70,911 | +57.6% |
| Financial income | 75/76B | €8,214 | €8,273 | +€59 | +0.7% |
| Recurring financial income | 75 | €8,214 | €8,273 | +€59 | +0.7% |
| Financial charges | 65/66B | €15,101 | €22,795 | +€7,694 | +51.0% |
| Recurring financial charges | 65 | €15,101 | €22,795 | +€7,694 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €116,183 | €179,459 | +€63,276 | +54.5% |
| Income taxes | 67/77 | €77,022 | €55,590 | -€21,432 | -27.8% |
| Profit (loss) for the period | 9904 | €39,161 | €123,869 | +€84,708 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €39,161 | €123,869 | +€84,708 | +216% |
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 7 November 2026 via checked.be.