Get the free Belgian Primary Financial Statement - nbb

This document provides accounting terms used in financial statements prepared by Belgian non-financial companies and non-profit organizations in accordance with Belgian GAAP.

How to fill out belgian primary financial statement

How to fill out Belgian Primary Financial Statement

1. Start by downloading the Belgian Primary Financial Statement template from the official website.
2. Gather all necessary financial documents for the reporting period.
3. Fill in the company identification information, including the name, address, and registration number.
4. Record the revenue generated during the reporting period in the designated section.
5. List all operational expenses incurred and total them in the appropriate category.
6. Include any extraordinary income or expenses that are applicable during that period.
7. Calculate the net profit or loss by subtracting total expenses from total revenues.
8. Ensure to provide details on taxes and social security contributions if applicable.
9. Review all entries for accuracy and completeness.
10. Submit the completed Belgian Primary Financial Statement to the appropriate regulatory authorities.

Who needs Belgian Primary Financial Statement?

1. Businesses operating in Belgium that need to comply with local financial reporting requirements.
2. Companies looking for transparency in their financial statements for stakeholders or investors.
3. Tax authorities for evaluating tax obligations and compliance.
4. Auditors for verifying the accuracy of the financial data.
5. Financial analysts and investors assessing the financial health of a company.

People Also Ask about

What accounting standards are used in Belgium?

Unlisted Belgian banks must use IFRSs Listed Belgian companies, including credit institutions, must prepare their consolidated financial statements using IFRSs starting in 2005 under the EU Accounting Regulation.

What are the three primary financial statements?

The four primary types of financial statements are: balance sheet, income statement, cash flow statement, and statement of shareholders' equity. Comprehensive income offers a fuller picture of a company's financial health and highlights factors that could impact future earnings.

What are the primary financial statements?

The five key documents include your profit and loss statement, balance sheet, cash-flow statement, tax return, and aging reports.

Are financial statements public in Belgium?

The Central Balance Sheet Office collects, processes and makes available the annual accounts of most legal entities active in Belgium. This information is provided free of charge to members of the public.

For pdfFiller’s FAQs

What is Belgian Primary Financial Statement?

The Belgian Primary Financial Statement is a financial report that provides a standardized format for companies in Belgium to present their financial performance and position.

Who is required to file Belgian Primary Financial Statement?

All companies in Belgium that meet certain thresholds concerning size, such as total assets, turnover, and employee count, are required to file the Belgian Primary Financial Statement.

How to fill out Belgian Primary Financial Statement?

To fill out the Belgian Primary Financial Statement, companies should follow the prescribed format provided by the Belgian accounting standards, ensuring all relevant financial data, including balance sheet and income statement figures, are accurately filled in.

What is the purpose of Belgian Primary Financial Statement?

The purpose of the Belgian Primary Financial Statement is to provide transparency in financial reporting, allowing stakeholders such as investors, creditors, and regulatory bodies to assess the financial health and performance of a company.

What information must be reported on Belgian Primary Financial Statement?

The Belgian Primary Financial Statement must include information such as the balance sheet, income statement, cash flow statement, and notes explaining the accounting policies and details of significant transactions.