What changed?
Two fiscal 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.
What changed
IPL Plastics Lommel
NACE 22.220, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · -€257,842+€4.3m
Equity
€5.0m
2024 · €997,379+€4.0m
Cash
€3.3m
2024 · €2.3m+€986,472
Balance sheet total
€37.1m
2024 · €32.6m+€4.5m
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+85.2%), from €5.1m to €9.4m
of which Trade receivables: +€2.8m
- Cash +€986,472
up €986,472 (+42.5%), from €2.3m to €3.3m
mainly Debts after one year (+€15.8m) and Net result for the year (+€4.0m)
- Stocks and contracts -€884,880
down €884,880 (-20.3%), from €4.4m to €3.5m
Equity and liabilities
- Current portion of long-term debt -€18.3m
down €18.3m (-99.0%), from €18.5m to €194,515
- Debts after one year +€15.8m
up €15.8m (+8118.5%), from €194,515 to €16.0m
- Reserves +€4.0m
up €4.0m (+570.4%), from €707,106 to €4.7m
of which Distributable reserves: +€4.0m
- Accrued charges and deferred income +€1.9m
up €1.9m (+3899.8%), from €47,531 to €1.9m
- Other debts +€772,593
up €772,593 (+21.6%), from €3.6m to €4.4m
Income statement
- Services and other goods -€2.9m
down €2.9m (-28.5%), from €10.2m to €7.3m
- Goods and materials +€2.5m
up €2.5m (+19.5%), from €12.7m to €15.2m
of which Change in stocks: decrease (increase): +€1.8m
- Financial income +€1.7m
up €1.7m (+257.8%), from €656,090 to €2.3m
- Financial charges -€1.2m
down €1.2m (-38.7%), from €3.2m to €1.9m
- Turnover +€916,160
up €916,160 (+2.6%), from €35.2m to €36.1m
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.
Result 2024
-€257,842
Turnover
+€916,160
Other operating income
+€134,425
Goods and materials
-€2.5m
Services and other goods
+€2.9m
Staff costs
-€656,894
Depreciation
+€428,450
Write-downs
+€220,135
Provisions
+€218,114
Other operating charges
-€159,977
Other operating items
+€104,673
Financial income
+€1.7m
Financial charges
+€1.2m
Taxes
-€264,984
Result 2025
€4.0m
Cash bridge derived
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.
From operations
+€4.6m
Investment
-€1.0m
Financing
-€2.5m
Cash 2024
€2.3m
From operations (derived)
+€4.6m
Net result for the year
+€4.0m
Depreciation
+€981,848
Receivables after one year
+€208,133
Stocks and contracts
+€884,880
Receivables within one year
-€4.3m
Deferred charges and accrued income
-€188,831
Provisions
-€196,809
Trade debts
+€502,654
Tax, wage and social debts
+€69,952
Other debts
+€772,593
Accrued charges and deferred income
+€1.9m
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€2.5m
Debts after one year
+€15.8m
Current portion of long-term debt
-€18.3m
Cash 2025
€3.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,645,403 | €37,134,249 | +€4.5m | +13.8% |
| Fixed assets | 21/28 | €13,416,170 | €13,478,803 | +€62,633 | +0.5% |
| Tangible fixed assets | 22/27 | €3,823,076 | €3,885,709 | +€62,633 | +1.6% |
| Land and buildings | 22 | €2,295,174 | €1,918,722 | -€376,451 | -16.4% |
| Plant, machinery and equipment | 23 | €988,053 | €1,179,225 | +€191,171 | +19.3% |
| Furniture and vehicles | 24 | €2,077 | €0 | -€2,077 | -100.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €537,772 | €787,762 | +€249,991 | +46.5% |
| Financial fixed assets | 28 | €9,593,094 | €9,593,094 | = | 0.0% |
| Affiliated companies | 280/1 | €9,593,094 | €9,593,094 | = | 0.0% |
| Participating interests | 280 | €9,593,094 | €9,593,094 | = | 0.0% |
| Current assets | 29/58 | €19,229,233 | €23,655,446 | +€4.4m | +23.0% |
| Amounts receivable after more than one year | 29 | €7,223,955 | €7,015,822 | -€208,133 | -2.9% |
| Trade receivables | 290 | €7,223,955 | €7,015,822 | -€208,133 | -2.9% |
| Stocks and contracts in progress | 3 | €4,368,437 | €3,483,557 | -€884,880 | -20.3% |
| Stocks | 30/36 | €4,368,437 | €3,483,557 | -€884,880 | -20.3% |
| Raw materials and consumables | 30/31 | €2,440,377 | €2,118,413 | -€321,964 | -13.2% |
| Work in progress | 32 | €0 | - | = | |
| Goods purchased for resale | 34 | €1,928,060 | €1,365,144 | -€562,916 | -29.2% |
| Amounts receivable within one year | 40/41 | €5,099,904 | €9,443,826 | +€4.3m | +85.2% |
| Trade receivables | 40 | €3,264,096 | €6,112,724 | +€2.8m | +87.3% |
| Other amounts receivable | 41 | €1,835,807 | €3,331,101 | +€1.5m | +81.5% |
| Cash at bank and in hand | 54/58 | €2,318,658 | €3,305,130 | +€986,472 | +42.5% |
| Deferred charges and accrued income | 490/1 | €218,280 | €407,111 | +€188,831 | +86.5% |
| Total equity and liabilities | 10/49 | €32,645,403 | €37,134,249 | +€4.5m | +13.8% |
| Equity | 10/15 | €997,379 | €5,030,730 | +€4.0m | +404.4% |
| Contributions | 10/11 | €290,274 | €290,274 | = | 0.0% |
| Capital | 10 | €290,035 | €290,035 | = | 0.0% |
| Issued capital | 100 | €290,035 | €290,035 | = | 0.0% |
| Outside capital | 11 | €238 | €238 | = | 0.0% |
| Share premium | 1100/10 | €238 | €238 | = | 0.0% |
| Reserves | 13 | €707,106 | €4,740,456 | +€4.0m | +570.4% |
| Non-distributable reserves | 130/1 | €29,004 | €29,004 | = | 0.0% |
| Legal reserve | 130 | €29,004 | €29,004 | = | 0.0% |
| Distributable reserves | 133 | €678,102 | €4,711,452 | +€4.0m | +594.8% |
| Provisions and deferred taxes | 16 | €350,000 | €153,191 | -€196,809 | -56.2% |
| Provisions for liabilities and charges | 160/5 | €350,000 | €153,191 | -€196,809 | -56.2% |
| Other liabilities and charges | 164/5 | €350,000 | €153,191 | -€196,809 | -56.2% |
| Amounts payable | 17/49 | €31,298,023 | €31,950,328 | +€652,305 | +2.1% |
| Amounts payable after more than one year | 17 | €194,515 | €15,986,092 | +€15.8m | +8118.5% |
| Financial debts | 170/4 | €194,515 | €15,986,092 | +€15.8m | +8118.5% |
| Leasing and similar obligations | 172 | €194,515 | - | -€194,515 | |
| Other loans | 174 | - | €15,986,092 | +€16.0m | |
| Amounts payable within one year | 42/48 | €31,055,977 | €14,063,082 | -€17.0m | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €18,532,610 | €194,515 | -€18.3m | -99.0% |
| Trade debts | 44 | €7,190,925 | €7,693,580 | +€502,654 | +7.0% |
| Suppliers | 440/4 | €7,190,925 | €7,693,580 | +€502,654 | +7.0% |
| Taxes, remuneration and social security | 45 | €1,754,336 | €1,824,288 | +€69,952 | +4.0% |
| Taxes | 450/3 | €242,854 | €331,877 | +€89,023 | +36.7% |
| Remuneration and social security | 454/9 | €1,511,482 | €1,492,411 | -€19,071 | -1.3% |
| Other amounts payable | 47/48 | €3,578,107 | €4,350,700 | +€772,593 | +21.6% |
| Accrued charges and deferred income | 492/3 | €47,531 | €1,901,154 | +€1.9m | +3899.8% |
| Operating income | 70/76A | €35,851,281 | €37,003,039 | +€1.2m | +3.2% |
| Turnover | 70 | €35,179,014 | €36,095,174 | +€916,160 | +2.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€205,839 | €0 | +€205,839 | |
| Other operating income | 74 | €720,865 | €855,290 | +€134,425 | +18.6% |
| Non-recurring operating income | 76A | €157,241 | €52,575 | -€104,666 | -66.6% |
| Operating charges | 60/66A | €33,587,297 | €33,103,456 | -€483,841 | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €12,687,037 | €15,159,066 | +€2.5m | +19.5% |
| Purchases | 600/8 | €13,599,729 | €14,307,941 | +€708,212 | +5.2% |
| Change in stocks: decrease (increase) | 609 | -€912,692 | €851,124 | +€1.8m | |
| Services and other goods | 61 | €10,191,350 | €7,288,807 | -€2.9m | -28.5% |
| Remuneration, social security and pensions | 62 | €9,159,142 | €9,816,036 | +€656,894 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,410,298 | €981,848 | -€428,450 | -30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€65,535 | -€285,670 | -€220,135 | -335.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €21,305 | -€196,809 | -€218,114 | |
| Other operating charges | 640/8 | €180,200 | €340,178 | +€159,977 | +88.8% |
| Non-recurring operating charges | 66A | €3,500 | €0 | -€3,500 | -100.0% |
| Operating profit (loss) | 9901 | €2,263,984 | €3,899,583 | +€1.6m | +72.2% |
| Financial income | 75/76B | €656,090 | €2,347,386 | +€1.7m | +257.8% |
| Recurring financial income | 75 | €656,090 | €2,347,386 | +€1.7m | +257.8% |
| Income from current assets | 751 | €168,748 | €163,722 | -€5,026 | -3.0% |
| Other financial income | 752/9 | €487,342 | €2,183,665 | +€1.7m | +348.1% |
| Financial charges | 65/66B | €3,173,920 | €1,944,638 | -€1.2m | -38.7% |
| Recurring financial charges | 65 | €3,173,920 | €1,944,638 | -€1.2m | -38.7% |
| Debt charges | 650 | €1,391,808 | €1,664,548 | +€272,740 | +19.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €1,782,112 | €280,090 | -€1.5m | -84.3% |
| Profit (loss) for the period before taxes | 9903 | -€253,846 | €4,302,331 | +€4.6m | |
| Income taxes | 67/77 | €3,997 | €268,981 | +€264,984 | +6629.7% |
| Taxes | 670/3 | €3,997 | €268,981 | +€264,984 | +6629.7% |
| Profit (loss) for the period | 9904 | -€257,842 | €4,033,350 | +€4.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€257,842 | €4,033,350 | +€4.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.