Yes! But i think lactose is an example which is considere non fermentable. In other fermentable malts, i think will take the whole ppg as potential fermentables, even thou that a part of it wont be..I'm seeing 41 PPG for Lactose and 0 ABV contribution, so it seems to be taking into account the lack of fermentability.
The calculator seems to do a pretty good job of tracking what will happen to the ingredients during mash and fermentation, but, yeah, the real-world results are sometimes more than the sum of the parts, either in a good way or bad.