LAP 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.
LAP CONSTRUCT
Largest movements
- Receivables within one year -€35,086
down €35,086 (-45.6%), from €76,918 to €41,831
of which Trade receivables: -€25,784
- Tangible fixed assets -€23,322
down €23,322 (-56.6%), from €41,226 to €17,904
of which Furniture and vehicles: -€17,122
- Deferred charges and accrued income +€16,615
up €16,615 (+54.4%), from €30,560 to €47,175
- Trade debts -€16,550
down €16,550 (-30.1%), from €54,925 to €38,375
- Other debts -€11,900
down €11,900 (-100%), from €11,900 to €0
- Current portion of long-term debt -€8,960
down €8,960 (-100%), from €8,960 to €0
- Tax, wage and social debts -€4,563
down €4,563 (-68.9%), from €6,620 to €2,057
- Gross operating margin -€1,629
down €1,629 (-5.8%), from €28,035 to €26,407
- Other operating charges -€1,078
down €1,078 (-43.7%), from €2,467 to €1,388
- Taxes -€645
down €645 (-47.7%), from €1,351 to €706
- Financial charges +€618
up €618 (+208%), from €297 to €915
- Depreciation -€551
down €551 (-2.3%), from €23,873 to €23,322
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,890 | €114,011 | -€41,879 | -26.9% |
| Fixed assets | 21/28 | €42,745 | €19,423 | -€23,322 | -54.6% |
| Tangible fixed assets | 22/27 | €41,226 | €17,904 | -€23,322 | -56.6% |
| Plant, machinery and equipment | 23 | €12,400 | €6,200 | -€6,200 | -50.0% |
| Furniture and vehicles | 24 | €28,826 | €11,704 | -€17,122 | -59.4% |
| Financial fixed assets | 28 | €1,519 | €1,519 | = | 0.0% |
| Current assets | 29/58 | €113,145 | €94,588 | -€18,557 | -16.4% |
| Amounts receivable within one year | 40/41 | €76,918 | €41,831 | -€35,086 | -45.6% |
| Trade receivables | 40 | €65,868 | €40,084 | -€25,784 | -39.1% |
| Other amounts receivable | 41 | €11,050 | €1,747 | -€9,303 | -84.2% |
| Cash at bank and in hand | 54/58 | €5,667 | €5,582 | -€85 | -1.5% |
| Deferred charges and accrued income | 490/1 | €30,560 | €47,175 | +€16,615 | +54.4% |
| Total equity and liabilities | 10/49 | €155,890 | €114,011 | -€41,879 | -26.9% |
| Equity | 10/15 | €73,486 | €73,579 | +€93 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,426 | €65,519 | +€93 | +0.1% |
| Amounts payable | 17/49 | €82,404 | €40,432 | -€41,972 | -50.9% |
| Amounts payable within one year | 42/48 | €82,404 | €40,432 | -€41,972 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €8,960 | €0 | -€8,960 | -100% |
| Trade debts | 44 | €54,925 | €38,375 | -€16,550 | -30.1% |
| Suppliers | 440/4 | €54,925 | €38,375 | -€16,550 | -30.1% |
| Taxes, remuneration and social security | 45 | €6,620 | €2,057 | -€4,563 | -68.9% |
| Taxes | 450/3 | €6,620 | €2,057 | -€4,563 | -68.9% |
| Other amounts payable | 47/48 | €11,900 | €0 | -€11,900 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,873 | €23,322 | -€551 | -2.3% |
| Other operating charges | 640/8 | €2,467 | €1,388 | -€1,078 | -43.7% |
| Gross operating margin | 9900 | €28,035 | €26,407 | -€1,629 | -5.8% |
| Operating profit (loss) | 9901 | €1,696 | €1,696 | +€1 | 0.0% |
| Financial income | 75/76B | €3 | €18 | +€15 | +480% |
| Recurring financial income | 75 | €3 | €18 | +€15 | +480% |
| Financial charges | 65/66B | €297 | €915 | +€618 | +208% |
| Recurring financial charges | 65 | €297 | €915 | +€618 | +208% |
| Profit (loss) for the period before taxes | 9903 | €1,401 | €799 | -€602 | -43.0% |
| Income taxes | 67/77 | €1,351 | €706 | -€645 | -47.7% |
| Profit (loss) for the period | 9904 | €50 | €93 | +€43 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50 | €93 | +€43 | +85.1% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.