Welcome to the Field

This publication is designed to give preparers and reviewers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.

The IFRS Foundation has issued 'Disclosures about Uncertainties in the Financial Statements,' addressing practical application of the disclosure requirements in IFRS Accounting Standards.

“Discover how to calculate the taxable benefit in kind (BIK) for company cars for the 2026 income year. Use our handy tool and understand the flat-rate valuation of your BIK.”

For legal advice, Fabrizio Santoro, Financial Director at Facilicom, maintains short lines of communication with Grant Thornton. In “On a roll”, he tells us more about their partnership.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements, and 2025 is no different.

Get ready for IFRS 18

Youri De Vos, General Manager at Mordant Group, is structurally supported with the accountancy advice from one-stop shop Grant Thornton.

The holidays are the perfect opportunity to give your loved ones an extra treat. That envelope of money under the Christmas tree, is it just a little present, or is it actually a taxable gift?

Stay informed with Grant Thornton’s IFRS Alerts: IASB issues amendments to IFRS standards, including IFRS 19 and IAS 21, addressing disclosure simplifications for subsidiaries and clarifying foreign currency translation in hyperinflationary economies. Explore key updates and implications for financial reporting.

Sustainability is no longer an option, but a necessity. Yet many SMEs struggle with the question: How do I get started without being overwhelmed by complex reporting requirements?

The De Wever government is raising tax rates on profit distributions for small companies, placing an extra tax burden on SMEs. According to Frederik De Graeve, these measures aren’t a fair reform, but a quick fix for budget problems that are affecting the entire economy. The tax rate increases are being sold as a fight against abuse, but in reality they hit every small business. This policy leads to lower investment, higher prices and a general tax increase that affects entrepreneurs, employees and consumers. Frederik calls for a targeted and consistent approach to abuse, rather than general tax increases.

On 17 November 2025, the Belgian tax authorities announced that the filing deadline for the Qualified Domestic Minimum Top-up Tax (QDMTT) return has been extended to 30 June 2026.

Daily Allowance for Foreign Business Trips

On 11 November, we celebrated Singles Day: a day when we pay special attention to being single. So let us take this opportunity to reflect on something many singles would rather not think about: their estate!

Didier Engels heads Engels Ramen en Deuren together with his brothers Christophe and Cedric. When they took over as the third generation, each quickly found their specialisation and pumped new energy into the company.

The popularity of cryptocurrencies has soared in recent years, yet they do not fit easily within IFRS’ financial reporting structure.