Dutch Annual Accounts

Annual accounts provide a comprehensive report of a company’s financial activity over the last financial year. A financial year is usually a 12-month period for which annual accounts are prepared (fiscal year). The following points below must be included in a company’s full statutory annual accounts:

• A balance sheet outlining the value of everything your company owns. The balance sheet provides a financial statement that shows the assets, liabilities, and equity at a particular point in time. The profit and loss account is measured over a certain period.
• A profit and loss account including sales and running costs. The cash flow statement is different from the profit and loss statement because it shows when the money is made and not when the transaction is made.
• Notes regarding annual accounts.
• Reports from a director and auditor (unless exempt).
• Name and signature of the director on the balance sheet.

Dutch Annual Accounts

It’s important to file your annual accounts on time. If you submit it too late, you may have to pay a fine. These annual accounts must be sent to the Chamber of Commerce. There is a difference between the fiscal annual accounts and the commercial annual accounts. The fiscal annual accounts are intended to map the fiscal profit of your company. The standards of the Dutch Tax Authority must be observed in this regard. This includes purchase costs minus depreciation costs. This taxable profit is used to calculate income tax and corporate income tax. The commercial annual accounts provide a broad overview of the financial health of the company. This is mainly used for (re)financing or selling the company and must be sent to the Chamber of Commerce before July 31 every year. We would be pleased to assist you, with cash and cash flow so that you can focus on your main business. We can also advise you on the future of your company based on the above information.