LAPIERRE 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.
LAPIERRE CONSTRUCT
Largest movements
- Receivables within one year +€27,419
up €27,419 (+12.5%), from €219,678 to €247,096
of which Other amounts receivable: +€27,808
- Cash -€14,852
down €14,852 (-23.5%), from €63,199 to €48,347
mainly Receivables within one year (-€27,419) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€10,000
down €10,000 (-21.4%), from €46,761 to €36,761
of which Furniture and vehicles: -€15,021
- Other debts +€18,140
up €18,140 (+975%), from €1,860 to €20,000
- Trade debts -€11,625
down €11,625 (-50.5%), from €23,025 to €11,400
- Debts after one year -€11,520
down €11,520 (-42.5%), from €27,099 to €15,579
- Reserves +€4,950
up €4,950 (+10.6%), from €46,646 to €51,596
- Gross operating margin +€32,977
up €32,977 (+204%), from €16,145 to €49,122
- Taxes +€8,174
up €8,174 (+259%), from €3,160 to €11,334
- Other operating charges +€3,066
up €3,066 (+369%), from €831 to €3,897
- Financial charges -€713
down €713 (-20.1%), from €3,555 to €2,841
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 | €330,304 | €332,609 | +€2,305 | +0.7% |
| Fixed assets | 21/28 | €47,427 | €37,087 | -€10,340 | -21.8% |
| Intangible fixed assets | 21 | €666 | €326 | -€340 | -51.0% |
| Tangible fixed assets | 22/27 | €46,761 | €36,761 | -€10,000 | -21.4% |
| Plant, machinery and equipment | 23 | €2,873 | €7,894 | +€5,021 | +175% |
| Furniture and vehicles | 24 | €43,887 | €28,867 | -€15,021 | -34.2% |
| Current assets | 29/58 | €282,877 | €295,522 | +€12,645 | +4.5% |
| Amounts receivable within one year | 40/41 | €219,678 | €247,096 | +€27,419 | +12.5% |
| Trade receivables | 40 | €2,618 | €2,228 | -€390 | -14.9% |
| Other amounts receivable | 41 | €217,060 | €244,868 | +€27,808 | +12.8% |
| Cash at bank and in hand | 54/58 | €63,199 | €48,347 | -€14,852 | -23.5% |
| Deferred charges and accrued income | 490/1 | - | €79 | +€79 | |
| Total equity and liabilities | 10/49 | €330,304 | €332,609 | +€2,305 | +0.7% |
| Equity | 10/15 | €261,255 | €266,213 | +€4,958 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,646 | €51,596 | +€4,950 | +10.6% |
| Distributable reserves | 133 | €46,646 | €51,596 | +€4,950 | +10.6% |
| Profit (loss) carried forward | 14 | €196,009 | €196,017 | +€8 | 0.0% |
| Amounts payable | 17/49 | €69,049 | €66,396 | -€2,653 | -3.8% |
| Amounts payable after more than one year | 17 | €27,099 | €15,579 | -€11,520 | -42.5% |
| Financial debts | 170/4 | €27,099 | €15,579 | -€11,520 | -42.5% |
| Amounts payable within one year | 42/48 | €41,950 | €50,817 | +€8,867 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €11,561 | €11,520 | -€41 | -0.4% |
| Financial debts | 43 | €19 | €6 | -€13 | -68.2% |
| Credit institutions | 430/8 | €19 | €6 | -€13 | -68.2% |
| Trade debts | 44 | €23,025 | €11,400 | -€11,625 | -50.5% |
| Suppliers | 440/4 | €23,025 | €11,400 | -€11,625 | -50.5% |
| Taxes, remuneration and social security | 45 | €5,486 | €7,892 | +€2,406 | +43.9% |
| Taxes | 450/3 | €5,486 | €7,892 | +€2,406 | +43.9% |
| Other amounts payable | 47/48 | €1,860 | €20,000 | +€18,140 | +975% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,129 | €18,134 | +€5 | 0.0% |
| Other operating charges | 640/8 | €831 | €3,897 | +€3,066 | +369% |
| Gross operating margin | 9900 | €16,145 | €49,122 | +€32,977 | +204% |
| Operating profit (loss) | 9901 | -€2,815 | €27,091 | +€29,906 | |
| Financial income | 75/76B | €11,877 | €12,042 | +€165 | +1.4% |
| Recurring financial income | 75 | €11,877 | €12,042 | +€165 | +1.4% |
| Financial charges | 65/66B | €3,555 | €2,841 | -€713 | -20.1% |
| Recurring financial charges | 65 | €3,555 | €2,841 | -€713 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €5,507 | €36,292 | +€30,785 | +559% |
| Income taxes | 67/77 | €3,160 | €11,334 | +€8,174 | +259% |
| Profit (loss) for the period | 9904 | €2,347 | €24,958 | +€22,611 | +963% |
| Profit (loss) for the period to be appropriated | 9905 | €2,347 | €24,958 | +€22,611 | +963% |
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 30 October 2026 via checked.be.