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The unnamed child - who is now seven-years-old - had two of his fingers severed when his hand got caught in a small gap between the skirting and the tread of a moving walkway at the retailer's branch in Milton Keynes in 2007.
At the time of the incident, the youngster was holding his father's hand as he stepped on to the walkway but then slipped over. Both fingers were subsequently cut off at the halfway point.
During a case heard at Aylesbury Crown Court, Ikea accepted a fine of £75,000 for breaches of health and safety regulation and the boy's family may now sue for personal damages.
Carole Reddish, acting country manager for Ikea UK, commented: "Ikea's own investigation and that undertaken by Milton Keynes Council has highlighted a number of important issues which we have acted on, seeking to ensure this type of accident could never happen again."
Claims Direct is a trading name of Slater and Gordon UK Limited, a company registered in England & Wales with registration number 07931918, VAT 125 446 327, registered office 58 Mosley Street, Manchester, M2 3HZ and is an approved Alternative Business Structure authorised and regulated by the Solicitors Regulation Authority and authorised and regulated by the Financial Conduct Authority for insurance mediation activity.