LP 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.
LP CONSTRUCT
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+95.3%), from €1.2m to €2.3m
of which Land and buildings: +€1.2m
- Receivables within one year +€505,578
up €505,578 (+136.6%), from €370,171 to €875,750
of which Other amounts receivable: +€299,014
- Cash +€143,106
up €143,106 (+25.8%), from €554,203 to €697,309
mainly Debts after one year (+€1.1m) and Net result for the year (+€838,746)
- Debts after one year +€1.1m
up €1.1m (+142.9%), from €751,012 to €1.8m
- Trade debts +€345,655
up €345,655 (+134.7%), from €256,596 to €602,251
- Reserves +€238,746
up €238,746 (+28.7%), from €832,610 to €1.1m
of which Distributable reserves: +€238,746
- Other debts +€100,000
up €100,000 (+20.0%), from €500,000 to €600,000
- Current portion of long-term debt +€82,102
up €82,102 (+44.6%), from €183,904 to €266,006
- Gross operating margin +€374,352
up €374,352 (+21.4%), from €1.8m to €2.1m
- Staff costs +€115,502
up €115,502 (+17.0%), from €680,123 to €795,625
- Depreciation +€46,651
up €46,651 (+19.3%), from €241,592 to €288,243
- Financial charges +€35,271
up €35,271 (+81.1%), from €43,496 to €78,767
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 | €2,785,842 | €4,585,780 | +€1.8m | +64.6% |
| Fixed assets | 21/28 | €1,197,499 | €2,304,847 | +€1.1m | +92.5% |
| Intangible fixed assets | 21 | €1,254 | €183 | -€1,071 | -85.4% |
| Tangible fixed assets | 22/27 | €1,178,429 | €2,301,105 | +€1.1m | +95.3% |
| Land and buildings | 22 | €716,403 | €1,917,996 | +€1.2m | +167.7% |
| Plant, machinery and equipment | 23 | €132,850 | €108,024 | -€24,826 | -18.7% |
| Furniture and vehicles | 24 | €98,651 | €123,083 | +€24,432 | +24.8% |
| Leasing and similar rights | 25 | €230,525 | €152,003 | -€78,523 | -34.1% |
| Financial fixed assets | 28 | €17,816 | €3,559 | -€14,257 | -80.0% |
| Current assets | 29/58 | €1,588,343 | €2,280,933 | +€692,590 | +43.6% |
| Stocks and contracts in progress | 3 | €643,051 | €673,429 | +€30,378 | +4.7% |
| Stocks | 30/36 | €413,310 | €493,043 | +€79,733 | +19.3% |
| Contracts in progress | 37 | €229,741 | €180,386 | -€49,355 | -21.5% |
| Amounts receivable within one year | 40/41 | €370,171 | €875,750 | +€505,578 | +136.6% |
| Trade receivables | 40 | €192,735 | €399,299 | +€206,564 | +107.2% |
| Other amounts receivable | 41 | €177,437 | €476,451 | +€299,014 | +168.5% |
| Cash at bank and in hand | 54/58 | €554,203 | €697,309 | +€143,106 | +25.8% |
| Deferred charges and accrued income | 490/1 | €20,918 | €34,445 | +€13,527 | +64.7% |
| Total equity and liabilities | 10/49 | €2,785,842 | €4,585,780 | +€1.8m | +64.6% |
| Equity | 10/15 | €934,165 | €1,172,911 | +€238,746 | +25.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €39,555 | €39,555 | = | 0.0% |
| Reserves | 13 | €832,610 | €1,071,356 | +€238,746 | +28.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €826,410 | €1,065,156 | +€238,746 | +28.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,851,677 | €3,412,869 | +€1.6m | +84.3% |
| Amounts payable after more than one year | 17 | €751,012 | €1,824,355 | +€1.1m | +142.9% |
| Financial debts | 170/4 | €751,012 | €1,824,355 | +€1.1m | +142.9% |
| Amounts payable within one year | 42/48 | €1,090,872 | €1,572,258 | +€481,386 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €183,904 | €266,006 | +€82,102 | +44.6% |
| Financial debts | 43 | €76,633 | €5,192 | -€71,440 | -93.2% |
| Credit institutions | 430/8 | €76,633 | €5,192 | -€71,440 | -93.2% |
| Trade debts | 44 | €256,596 | €602,251 | +€345,655 | +134.7% |
| Suppliers | 440/4 | €256,596 | €602,251 | +€345,655 | +134.7% |
| Taxes, remuneration and social security | 45 | €73,740 | €98,809 | +€25,069 | +34.0% |
| Taxes | 450/3 | €28,402 | €16,409 | -€11,993 | -42.2% |
| Remuneration and social security | 454/9 | €45,338 | €82,400 | +€37,062 | +81.7% |
| Other amounts payable | 47/48 | €500,000 | €600,000 | +€100,000 | +20.0% |
| Accrued charges and deferred income | 492/3 | €9,792 | €16,256 | +€6,464 | +66.0% |
| Non-recurring operating income | 76A | €661 | €0 | -€661 | -100.0% |
| Remuneration, social security and pensions | 62 | €680,123 | €795,625 | +€115,502 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,592 | €288,243 | +€46,651 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,441 | -€4,261 | -€8,702 | |
| Other operating charges | 640/8 | €14,453 | €15,680 | +€1,228 | +8.5% |
| Non-recurring operating charges | 66A | €3,833 | €9,002 | +€5,169 | +134.8% |
| Gross operating margin | 9900 | €1,752,413 | €2,126,766 | +€374,352 | +21.4% |
| Operating profit (loss) | 9901 | €807,972 | €1,022,477 | +€214,504 | +26.5% |
| Financial income | 75/76B | €7,624 | €15,237 | +€7,613 | +99.8% |
| Recurring financial income | 75 | €7,624 | €15,237 | +€7,613 | +99.8% |
| Financial charges | 65/66B | €43,496 | €78,767 | +€35,271 | +81.1% |
| Recurring financial charges | 65 | €43,496 | €78,767 | +€35,271 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | €772,101 | €958,947 | +€186,846 | +24.2% |
| Income taxes | 67/77 | €128,402 | €120,201 | -€8,200 | -6.4% |
| Profit (loss) for the period | 9904 | €643,699 | €838,746 | +€195,047 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €643,699 | €838,746 | +€195,047 | +30.3% |
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 10 October 2026 via checked.be.