Financial annual report
If your bookkeeping is provided by us, we draw up the annual accounts as standard after the financial year. The preparation of the annual accounts is included in your subscription.
What does an annual statement say?
A financial statement consists of various parts. The larger a company, the more financial information it needs to make public.
The balance
The balance sheet gives a snapshot of a company (usually 31 December). The entrepreneur then looks at everything that is present in the company at that moment: all debts, goods, outstanding invoices, etc.
The profit and loss account
The profit and loss account gives an overview of the income and expenditure of a company in a year. This allows you to see whether a company is making a profit or is losing. Small companies do not have to publish a profit and loss account.
The explanation
In the explanatory notes, a small legal entity only has to state the number of persons employed and the way in which the balance is drawn up. For a large legal entity, the explanation is more extensive and, for example, the payments are mentioned to the management. Larger companies must also deposit an annual report and an auditor’s report.
