The balance sheet is the fundamental financial document reflecting a company's patrimonial situation at a given time. Correct and timely preparation is mandatory under Accounting Law no. 82/1991.
The Geseidl Accounting team, #1 CECCAR Prahova since 2008, presents the complete guide for preparing 2025 financial statements.
What the financial statements include
- Balance sheet (assets, liabilities, equity)
- Profit and loss statement
- Explanatory notes to financial statements
- Statement of changes in equity (for large entities)
- Cash flow statement (for large entities)
Filing deadlines 2025
Annual financial statements are filed with ANAF territorial units within 150 days of the financial year end. For fiscal year 2024, the deadline is May 30, 2025.
Common mistakes in financial statement preparation
- Discrepancies between trial balance and statement forms
- Missing mandatory annual inventory
- Classification errors for current vs. fixed assets
- Unrecorded depreciation adjustments
- Late filing — fines from 300 to 4,500 lei
Need professional accounting? The Geseidl Consulting Group team, CECCAR Prahova leader for 18 consecutive years, is ready to help. Discover our services or contact us for a free consultation.
Geseidl Consulting Group
CECCAR #1 Prahova · CAFR Rating A · ANEVAR · CCF #233 · ISO 9001:2015
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