LARDOT CONSTRUCT: what changed
Two fiscal 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.
LARDOT CONSTRUCT
Largest movements
- Cash -€973,739
down €973,739 (-84.5%), from €1.2m to €178,422
mainly Contributions, distributions and other (-€554,068) and Investment in fixed assets (net) (-€475,539)
- Tangible fixed assets +€314,050
up €314,050 (+25.6%), from €1.2m to €1.5m
of which Land and buildings: +€479,822
- Stocks and contracts +€105,406
up €105,406 (+51.9%), from €202,930 to €308,336
of which Contracts in progress: +€124,833
- Receivables within one year +€81,801
up €81,801 (+34.2%), from €239,402 to €321,203
of which Trade receivables: +€128,923
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward -€519,528
down €519,528 (-28.6%), from €1.8m to €1.3m
- Debts after one year +€371,243
up €371,243 (+183.6%), from €202,212 to €573,455
- Trade debts -€143,150
down €143,150 (-62.5%), from €228,881 to €85,732
- Tax, wage and social debts -€120,328
down €120,328 (-47.3%), from €254,626 to €134,298
of which Taxes: -€121,878
- Current portion of long-term debt -€80,407
down €80,407 (-46.1%), from €174,382 to €93,975
- Gross operating margin +€211,782
up €211,782 (+34.3%), from €617,114 to €828,896
- Other operating charges +€87,629
up €87,629 (+1813.8%), from €4,831 to €92,460
- Staff costs +€49,752
up €49,752 (+11.0%), from €452,264 to €502,015
- Financial income -€37,704
down €37,704 (-67.9%), from €55,567 to €17,863
- Financial charges +€31,749
up €31,749 (+191.1%), from €16,610 to €48,359
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 | €2,885,714 | €2,395,604 | -€490,110 | -17.0% |
| Fixed assets | 21/28 | €1,245,683 | €1,560,900 | +€315,216 | +25.3% |
| Tangible fixed assets | 22/27 | €1,224,899 | €1,538,950 | +€314,050 | +25.6% |
| Land and buildings | 22 | €680,226 | €1,160,048 | +€479,822 | +70.5% |
| Plant, machinery and equipment | 23 | €12,972 | €171,445 | +€158,473 | +1221.6% |
| Furniture and vehicles | 24 | €34,127 | €50,160 | +€16,032 | +47.0% |
| Leasing and similar rights | 25 | €497,574 | €157,297 | -€340,278 | -68.4% |
| Financial fixed assets | 28 | €20,784 | €21,950 | +€1,166 | +5.6% |
| Current assets | 29/58 | €1,640,031 | €834,705 | -€805,326 | -49.1% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Stocks and contracts in progress | 3 | €202,930 | €308,336 | +€105,406 | +51.9% |
| Stocks | 30/36 | €49,415 | €29,988 | -€19,427 | -39.3% |
| Contracts in progress | 37 | €153,515 | €278,348 | +€124,833 | +81.3% |
| Amounts receivable within one year | 40/41 | €239,402 | €321,203 | +€81,801 | +34.2% |
| Trade receivables | 40 | €191,686 | €320,608 | +€128,923 | +67.3% |
| Other amounts receivable | 41 | €47,716 | €594 | -€47,122 | -98.8% |
| Cash at bank and in hand | 54/58 | €1,152,162 | €178,422 | -€973,739 | -84.5% |
| Deferred charges and accrued income | 490/1 | €15,537 | €26,743 | +€11,206 | +72.1% |
| Total equity and liabilities | 10/49 | €2,885,714 | €2,395,604 | -€490,110 | -17.0% |
| Equity | 10/15 | €1,988,208 | €1,465,769 | -€522,438 | -26.3% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,816,564 | €1,297,037 | -€519,528 | -28.6% |
| Investment grants | 15 | €11,643 | €8,732 | -€2,911 | -25.0% |
| Amounts payable | 17/49 | €897,506 | €929,835 | +€32,329 | +3.6% |
| Amounts payable after more than one year | 17 | €202,212 | €573,455 | +€371,243 | +183.6% |
| Financial debts | 170/4 | €202,212 | €573,455 | +€371,243 | +183.6% |
| Amounts payable within one year | 42/48 | €695,251 | €356,198 | -€339,053 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €174,382 | €93,975 | -€80,407 | -46.1% |
| Trade debts | 44 | €228,881 | €85,732 | -€143,150 | -62.5% |
| Suppliers | 440/4 | €228,881 | €85,732 | -€143,150 | -62.5% |
| Taxes, remuneration and social security | 45 | €254,626 | €134,298 | -€120,328 | -47.3% |
| Taxes | 450/3 | €212,470 | €90,592 | -€121,878 | -57.4% |
| Remuneration and social security | 454/9 | €42,156 | €43,706 | +€1,550 | +3.7% |
| Other amounts payable | 47/48 | €37,361 | €42,193 | +€4,832 | +12.9% |
| Accrued charges and deferred income | 492/3 | €44 | €182 | +€138 | +312.6% |
| Remuneration, social security and pensions | 62 | €452,264 | €502,015 | +€49,752 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,655 | €160,323 | -€25,332 | -13.6% |
| Other operating charges | 640/8 | €4,831 | €92,460 | +€87,629 | +1813.8% |
| Gross operating margin | 9900 | €617,114 | €828,896 | +€211,782 | +34.3% |
| Operating profit (loss) | 9901 | -€25,635 | €74,098 | +€99,733 | |
| Financial income | 75/76B | €55,567 | €17,863 | -€37,704 | -67.9% |
| Recurring financial income | 75 | €55,567 | €17,863 | -€37,704 | -67.9% |
| Financial charges | 65/66B | €16,610 | €48,359 | +€31,749 | +191.1% |
| Recurring financial charges | 65 | €16,610 | €48,359 | +€31,749 | +191.1% |
| Profit (loss) for the period before taxes | 9903 | €13,322 | €43,602 | +€30,280 | +227.3% |
| Income taxes | 67/77 | €2,372 | €11,973 | +€9,600 | +404.7% |
| Profit (loss) for the period | 9904 | €10,949 | €31,629 | +€20,680 | +188.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,949 | €31,629 | +€20,680 | +188.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.