IFRS and NL GAAP - Highlighting the key differences
IFRSs and NL GAAP — Highlighting the key differences provides a summary of key differences between the requirements of IFRSs compared to NL GAAP. This publication does not attempt to capture all of the differences between IFRSs and NL GAAP that may exist or that may be material to a particular company’s financial report.
We trust that you will find this publication a useful tool to keep you informed about the main differences between IFRSs and NL GAAP. We publish this comparison on a yearly basis.
Available editions:
Edition 2025
Welcome to the 2025 edition of 'IFRS and NLGAAP, Highlighting the Key Differences'. The objective of this publication is to provide a summary of the key differences between the requirements of the International Financial Reporting Standards (IFRS) compared to NL GAAP for financial years beginning on or after January 1, 2025.
This publication does not attempt to present all differences between IFRS and NL GAAP that may exist or be relevant to the financial report of a particular company.
There were no major developments in either IFRS Accounting Standards or NL GAAP effective for 2025 and thus the key differences between IFRS Accounting Standards and NL GAAP have not changed compared to previous year.
Edition 2024
Welcome to the 2024 edition of 'IFRS and NL GAAP, Highlighting the Key Differences'.
The objective of this publication is to provide a summary of the key differences between the requirements of the International Financial Reporting Standards (IFRS) compared to NL GAAP for financial years beginning on or after January 1, 2024.
This publication does not attempt to present all differences between IFRS and NL GAAP that may exist or be relevant to the financial report of a particular company.
There were no significant developments in either IFRS or NL GAAP that are effective for 2024, and thus the key differences between IFRS and NL GAAP persist.
Edition 2023
Welcome to the sixteenth edition of ‘IFRSs and NL GAAP, Highlighting the key differences’.
The objective of this publication is to provide a summary of key differences between the requirements of International Financial Reporting Standards (IFRSs) compared to NL GAAP for annual periods beginning on or after 1 January 2023
This publication does not attempt to capture all differences between IFRSs and NL GAAP that may exist or that may be material to a particular company’s financial report.
In 2023 there were no major developments in the NL GAAP platform. However, it is noteworthy that the DASB has issued statement ‘RJ-Uiting 2023-5’ in which the DASB confirms that (after consultation with stakeholders and evaluation of IFRS 16 ‘Leases’) DAS 292 ‘Leases’ will not be changed. The importance of this confirmation is that the lessee model of IFRS 16 was not and will not be adopted in DAS 292. Please note that it was and is still possible to adopt IFRS 16 in full and consistently instead of applying DAS 292. If this option is not applied DAS 292 should be used including the distinction between operating and finance leases for both lessee and lessor accounting (similar to IAS 17 Leases, the former lease standard in IFRS).
Edition 2022
Welcome to the fifteenth edition of ‘IFRSs and NL GAAP, Highlighting the key differences’.
The objective of this publication is to provide a summary of key differences between the requirements of International Financial Reporting Standards (IFRSs) compared to NL GAAP.
This publication does not attempt to capture all differences between IFRSs and NL GAAP that may exist or that may be material to a particular company’s financial report.
While key differences still remain between IFRSs and NL GAAP, we noticed the number of differences has slightly decreased between IFRSs and NL GAAP. Largely due to the expansion of the guidance in Dutch Accounting Standard (DAS) 221 and DAS 270 regarding revenue recognition. The Dutch Accounting Standards Board (DASB) emphasizes that IFRS 15 is not leading in case DASs for revenue recognition lacks specific guidance. An important difference remains because DASs still use a risks and rewards approach to determine the moment of revenue recognition while IFRS uses a transfer of ‘control’ approach. DASB however still facilitates to use IFRS 15 in full for revenue recognition.
