Key focus areas for 2026 reporting

This is not a new rulemaking, but it is a clear supervisory steer for reporting teams, audit committees and auditors. The AFM also renews attention on the cash flow statement and material segment-level disclosures, areas where consistency and judgement are often tested by regulators and investors. For compliance and finance leaders, the practical response is to map ESMA priorities into the annual report workplan, refresh disclosure checklists, and document how cash flow classifications and segment materiality have been assessed.

Audit committees should challenge management's judgements and ensure auditors see evidence of preparer review. Firms should monitor further AFM and ESMA communications, because enforcement priorities can shape review questions and later supervisory outcomes. The business impact is moderate but forward-looking: better alignment supports comparability, reduces the risk of restatement or regulatory challenge, and strengthens investor confidence.

There is no standalone new filing obligation in this communication, but the supervisory expectation is thoughtful, evidenced preparation.