LAC CONSTRUCT: what changed
Two financial 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.
LAC CONSTRUCT
Largest movements
- Receivables within one year -€637,325
down €637,325 (-76.6%), from €832,534 to €195,208
of which Trade receivables: -€669,583
- Cash +€110,981
up €110,981 (+426.0%), from €26,055 to €137,036
mainly Receivables within one year (+€637,325) and Short-term financial debts (+€49,440)
- Trade debts -€324,873
down €324,873 (-69.2%), from €469,661 to €144,788
- Current portion of long-term debt -€125,000
no longer reported in 2025 (was €125,000)
- Profit (loss) carried forward -€71,418
down €71,418, from €687 to -€70,731
- Short-term financial debts +€49,440
up €49,440 (+4232.9%), from €1,168 to €50,608
- Tax, wage and social debts -€49,073
down €49,073 (-80.8%), from €60,759 to €11,687
of which Taxes: -€25,177
- Gross operating margin -€81,854
down €81,854 (-24.1%), from €339,023 to €257,170
- Write-downs +€50,040
up €50,040, from -€15,398 to €34,643
- Staff costs -€26,086
down €26,086 (-8.8%), from €297,717 to €271,631
- Taxes -€13,066
down €13,066 (-97.7%), from €13,377 to €311
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €874,391 | €355,375 | -€519,016 | -59.4% |
| Fixed assets | 21/28 | €12,453 | €20,161 | +€7,708 | +61.9% |
| Tangible fixed assets | 22/27 | €12,453 | €20,161 | +€7,708 | +61.9% |
| Furniture and vehicles | 24 | €12,453 | €20,161 | +€7,708 | +61.9% |
| Current assets | 29/58 | €861,938 | €335,214 | -€526,724 | -61.1% |
| Amounts receivable within one year | 40/41 | €832,534 | €195,208 | -€637,325 | -76.6% |
| Trade receivables | 40 | €832,048 | €162,464 | -€669,583 | -80.5% |
| Other amounts receivable | 41 | €486 | €32,744 | +€32,258 | +6637.6% |
| Cash at bank and in hand | 54/58 | €26,055 | €137,036 | +€110,981 | +426.0% |
| Deferred charges and accrued income | 490/1 | €3,349 | €2,970 | -€379 | -11.3% |
| Total equity and liabilities | 10/49 | €874,391 | €355,375 | -€519,016 | -59.4% |
| Equity | 10/15 | €217,687 | €146,269 | -€71,418 | -32.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €214,000 | €214,000 | = | 0.0% |
| Distributable reserves | 133 | €214,000 | €214,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €687 | -€70,731 | -€71,418 | |
| Amounts payable | 17/49 | €656,703 | €209,106 | -€447,598 | -68.2% |
| Amounts payable within one year | 42/48 | €656,588 | €207,083 | -€449,506 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €125,000 | - | -€125,000 | |
| Financial debts | 43 | €1,168 | €50,608 | +€49,440 | +4232.9% |
| Credit institutions | 430/8 | €1,168 | €50,608 | +€49,440 | +4232.9% |
| Trade debts | 44 | €469,661 | €144,788 | -€324,873 | -69.2% |
| Suppliers | 440/4 | €469,661 | €144,788 | -€324,873 | -69.2% |
| Taxes, remuneration and social security | 45 | €60,759 | €11,687 | -€49,073 | -80.8% |
| Taxes | 450/3 | €30,890 | €5,713 | -€25,177 | -81.5% |
| Remuneration and social security | 454/9 | €29,869 | €5,973 | -€23,896 | -80.0% |
| Accrued charges and deferred income | 492/3 | €115 | €2,023 | +€1,908 | +1659.1% |
| Remuneration, social security and pensions | 62 | €297,717 | €271,631 | -€26,086 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,231 | €2,325 | -€2,906 | -55.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,398 | €34,643 | +€50,040 | |
| Other operating charges | 640/8 | €14,788 | €12,654 | -€2,134 | -14.4% |
| Non-recurring operating charges | 66A | - | €1,126 | +€1,126 | |
| Gross operating margin | 9900 | €339,023 | €257,170 | -€81,854 | -24.1% |
| Operating profit (loss) | 9901 | €36,685 | -€65,208 | -€101,893 | |
| Financial income | 75/76B | €1 | €120 | +€119 | +10103.4% |
| Recurring financial income | 75 | €1 | €120 | +€119 | +10103.4% |
| Financial charges | 65/66B | €6,049 | €6,019 | -€31 | -0.5% |
| Recurring financial charges | 65 | €6,049 | €6,019 | -€31 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €30,636 | -€71,106 | -€101,743 | |
| Income taxes | 67/77 | €13,377 | €311 | -€13,066 | -97.7% |
| Profit (loss) for the period | 9904 | €17,259 | -€71,418 | -€88,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,259 | -€71,418 | -€88,677 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.