Reporting excellence

Accurate, compliant, and transparent reporting across financial consolidation, management insights, and sustainability mandates.

Financial Consolidation

Group reporting tends to break in predictable places: a first acquisition, a change of auditor, a currency you have never had before, or the quiet moment at which the consolidation workbook becomes too large for the person who built it.

What we do

  • Design and rebuild of the group consolidation, covering chart of accounts, entity structure, ownership and consolidation methods
  • First-time consolidation after an acquisition, including opening balances and purchase price allocation
  • Intercompany matching and elimination that resolves at source rather than at group level
  • BE GAAP to IFRS conversion, and keeping the statutory and group views reconcilable
  • Multi-currency translation, minority interests, equity method and joint arrangements
  • Statutory and last-mile reporting, including NBB filing and the annual report production chain
  • Selection, implementation and rescue of consolidation platforms, and honest advice on when Excel is still the right answer

Outcome

A consolidation that closes on schedule, reconciles without manual adjustment, and can be run by more than one person.

Do you need a consolidation tool?

Often not yet. A well-built Excel consolidation with real controls will serve a stable group of a handful of entities for years, and it is cheaper than any alternative.

It stops being the right answer at recognisable moments: when entities are added faster than the file can absorb them, when more than one currency and more than one reporting standard are in play, when the auditor begins asking how you know the file is right, or when only one person can open it without breaking something.

We will tell you which of those you have actually reached. 


Management reporting

The test of a management pack is not how it looks, but whether the first fifteen minutes of the meeting are spent arguing about whose number is right.

  • One definition per KPI, agreed with the people whose performance it measures, written down and applied everywhere
  • A single source for the figures, so that finance, sales and operations are reading from the same data model
  • Packs that lead with the variance and the explanation rather than with forty pages of tables
  • Self-service for the questions that come back every month, so that an analyst is not rebuilding the same slice
  • Commentary written as part of the close, while the reason is still fresh

Outcome

A pack that gets read before the meeting, and a meeting that starts with the decision rather than with the reconciliation.

CSRD and VSME

The rules changed. The Omnibus package raised the mandatory CSRD threshold sharply, pushed the second wave of reporters back by two years, and moved listed SMEs out of the mandatory regime altogether. 

None of which is the same as the requirement going away. Most Belgian mid-market companies are now outside the mandatory regime and are still being asked for the data, by their largest customers, by their bank, in a tender, or by a parent that is itself in scope, and those requests are not going to stop.

That is what VSME is for: a proportionate voluntary standard, designed so that a smaller company can answer value-chain requests once and properly, without running a full CSRD programme. Answering it well is becoming a commercial requirement rather than a compliance one.

 

How we help

  • A scoping check, whether you sit in the mandatory regime, in somebody's value chain, or neither, with the reasoning written down
  • Double materiality assessment, run as a working session with your business rather than as a survey
  • ESRS gap analysis and reporting framework design
  • VSME reporting for companies answering customer, bank and tender requests
  • Data collection, internal controls and audit-proof reporting, built onto the finance close rather than beside it

Outcome

Sustainability reporting that comes out of the same process as the financial numbers, holds up in front of an auditor, and does not require a separate department to produce.

Supporting the Finance Shift

The right expertise at the right time.

Explore
Social
Info

© 2026 finshift bv. All Rights Reserved.