LAM 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.
LAM CONSTRUCT
Largest movements
- Receivables within one year +€7,308
up €7,308 (+153%), from €4,782 to €12,090
of which Other amounts receivable: +€4,195
- Tangible fixed assets +€5,584
up €5,584 (+45.6%), from €12,242 to €17,826
of which Furniture and vehicles: +€9,995
- Cash -€3,902
down €3,902 (-54.5%), from €7,157 to €3,255
mainly Trade debts (-€9,508) and Receivables within one year (-€7,308)
- Deferred charges and accrued income +€548
new in 2025: €548
- Profit (loss) carried forward +€14,002
up €14,002 (+192%), from €7,293 to €21,295
- Trade debts -€9,508
down €9,508 (-86.8%), from €10,957 to €1,449
- Tax, wage and social debts +€5,527
up €5,527 (+210%), from €2,627 to €8,154
of which Taxes: +€6,071
- Other debts -€483
no longer reported in 2025 (was €483)
- Other operating charges -€6,183
down €6,183 (-84.1%), from €7,349 to €1,166
- Gross operating margin +€4,455
up €4,455 (+19.6%), from €22,701 to €27,156
- Taxes +€3,366
up €3,366 (+167%), from €2,016 to €5,382
- Depreciation +€358
new in 2025: €358
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.
Derived cash bridge
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 | €24,360 | €33,898 | +€9,538 | +39.2% |
| Fixed assets | 21/28 | €12,421 | €18,005 | +€5,584 | +45.0% |
| Tangible fixed assets | 22/27 | €12,242 | €17,826 | +€5,584 | +45.6% |
| Plant, machinery and equipment | 23 | €5,903 | €1,492 | -€4,411 | -74.7% |
| Furniture and vehicles | 24 | €6,339 | €16,334 | +€9,995 | +158% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €11,939 | €15,893 | +€3,954 | +33.1% |
| Amounts receivable within one year | 40/41 | €4,782 | €12,090 | +€7,308 | +153% |
| Trade receivables | 40 | €4,240 | €7,353 | +€3,113 | +73.4% |
| Other amounts receivable | 41 | €542 | €4,737 | +€4,195 | +774% |
| Cash at bank and in hand | 54/58 | €7,157 | €3,255 | -€3,902 | -54.5% |
| Deferred charges and accrued income | 490/1 | - | €548 | +€548 | |
| Total equity and liabilities | 10/49 | €24,360 | €33,898 | +€9,538 | +39.2% |
| Equity | 10/15 | €10,293 | €24,295 | +€14,002 | +136% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,293 | €21,295 | +€14,002 | +192% |
| Amounts payable | 17/49 | €14,067 | €9,603 | -€4,464 | -31.7% |
| Amounts payable within one year | 42/48 | €14,067 | €9,603 | -€4,464 | -31.7% |
| Trade debts | 44 | €10,957 | €1,449 | -€9,508 | -86.8% |
| Suppliers | 440/4 | €10,957 | €1,449 | -€9,508 | -86.8% |
| Taxes, remuneration and social security | 45 | €2,627 | €8,154 | +€5,527 | +210% |
| Taxes | 450/3 | €2,083 | €8,154 | +€6,071 | +291% |
| Remuneration and social security | 454/9 | €544 | - | -€544 | |
| Other amounts payable | 47/48 | €483 | - | -€483 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €358 | +€358 | |
| Other operating charges | 640/8 | €7,349 | €1,166 | -€6,183 | -84.1% |
| Non-recurring operating charges | 66A | - | €6,339 | +€6,339 | |
| Gross operating margin | 9900 | €22,701 | €27,156 | +€4,455 | +19.6% |
| Operating profit (loss) | 9901 | €15,352 | €19,293 | +€3,941 | +25.7% |
| Financial income | 75/76B | - | €185 | +€185 | |
| Recurring financial income | 75 | - | €185 | +€185 | |
| Financial charges | 65/66B | €282 | €94 | -€188 | -66.7% |
| Recurring financial charges | 65 | €282 | €94 | -€188 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €15,070 | €19,384 | +€4,314 | +28.6% |
| Income taxes | 67/77 | €2,016 | €5,382 | +€3,366 | +167% |
| Profit (loss) for the period | 9904 | €13,054 | €14,002 | +€948 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,054 | €14,002 | +€948 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.