The important message is: "it can indeed be reconstructed", meaning under certain conditions, and not "always".
An image pyramid is hierarchical representation of an image with a collection of derived images at different resolutions (thus, sizes). In a Gaussian pyramid, derived images are smoothed at level $l$ by an operator $S_l$ (eg by a Gaussian filter) and downsampled by an operator $D_l$. As downsampled versions look a lot alike, Laplacian pyramids aim at storing only what differs, which requires to compare them at the same resolution with an upsampling operator $U_l$.
So, starting from image $I_0$, you get $I_1$ at lower resolution as $I_1 = D_1 S_1 I_0$, and the $0$-resolution version by $\hat{I}_0 =U_1 I_1 = U_1 D_1 S_1 I_0$, which is a form of prediction of $I_0$ from a filtered and downsampled version.
So at the first stage, you keep the difference $L_0=I_0-\hat{I}_0$ and $I_1$. Obviously, you can recover $I_0$ as $L_0+U_1 I_1$. This process can be repeated over any other level $l$:

So once you have perfect reconstruction at each level, the whole process is perfect.
As a reminder, the term Laplacian stems from the observation that in $$L_l=I_l-\hat{I}_l = (\delta - U_l D_l S_l )I_l$$
where $\delta$ is the identity operator, the difference operator $\delta - U_l D_l S_l $ looks like an approximate Laplacian when $S_l$ is a smoothing operator:
