- Large companies must file their management report at the same time as their annual accounts, in the same language and in the same format.
- Small companies are exempt from publishing a management report, and are not even obliged to produce one.
Since the entry into force of the Code of Companies and Associations (CCA), the governing bodies of non-small NPIs, International NPIs or foundations must draw up an annual report. This annual report is filed and made public at the same time as the annual accounts. This obligation is stipulated in Articles 3:47, §7, second paragraph; 3:48 (NPIs and INPIs); 3:51, §7, second paragraph and 3:52 (foundations) CCA.