Structure of municipal annual accounts: what changes from 2025?

The structure of municipal annual accounts changes in several respects from financial year 2025 due to amendments to the BBV. Municipalities, provinces and joint arrangements must adapt their annual accounts in a timely manner.

Position of the audit opinion

The auditor's report is henceforth included in the 'Other Information' paragraph, which is placed outside — but as an appendix to — the annual accounts. This change aligns with international reporting practice and creates a clearer delineation of the responsibilities of management and the auditor.

Practical considerations

When structuring their annual accounts, municipalities must ensure a clear separation between the financial statements (including the management report) and the Other Information paragraph. The VNG has published an updated model structure that municipalities can use as guidance. Auditors should adapt their audit approach and reporting formats to the new structure in a timely manner.