The income statement (also called a profit and loss statement, or P&L) shows your revenue and expenses over a specific period, resulting in your net income or loss.
Accessing the income statement
Navigate to Reports > Income Statement. The report defaults to the current accounting period.
How to read the report
The income statement is structured from top to bottom:
Revenue
All income earned during the period:
- Sales of goods and services
- Interest income
- Other operating income
Expenses
All costs incurred during the period:
- Cost of goods sold
- Operating expenses (rent, salaries, utilities, etc.)
- Administrative expenses
- Financial expenses (bank fees, interest paid)
Net income
The bottom line: Revenue minus Expenses = Net Income.
A positive number means your business was profitable during the period. A negative number means you operated at a loss.
Belgian statutory layout (Compte de résultats)
For organizations using the Belgian chart of accounts (PCMN), the income statement is presented as the statutory Compte de résultats in the NBB/BNB abbreviated-schema "list" form:
- The statement runs down the mandatory code spine: Marge brute (9900) → Bénéfice (perte) d'exploitation (9901) → avant impôts (9903) → de l'exercice (9904), with the appropriation line (9905) shown only when there is movement. The standardized rubric codes appear in a Codes column.
- Income and expense accounts are grouped into their statutory lines by account code. Click a line to expand the individual accounts feeding it.
- Charge lines are shown as positive amounts and subtracted within the running result; revenue lines add. Amounts are in whole euros.
- The bottom-line result equals the figure carried into the balance sheet's equity, so the two statements reconcile.
This is a management report styled on the statutory model; it is not an official filing with the National Bank.
Selecting a period
Use the date controls to set the reporting period. The quick-select menu offers your recent fiscal year-ends (for example "Year ending 31/12/2024"), Today, or a Custom date; the statement covers the fiscal year up to the chosen date.
Prior-year comparison
On the Belgian Compte de résultats, a prior-year column (scoped to the previous fiscal year) is shown next to the current period, as required on a statutory income statement. Use the Compare prior year toggle in the header to hide or show it.
Multi-currency display
Revenue and expenses are shown separately per currency. If you earn in EUR and USD, you will see separate totals for each currency rather than a converted aggregate.
Using the income statement
For founders
- Monthly review — Check whether your business is trending toward profitability.
- Expense monitoring — Identify which cost categories are growing.
- Revenue tracking — See whether income is growing as expected.
For accountants
- Period close — Verify that all revenue and expenses for the period have been recorded.
- Category accuracy — Check that transactions are categorized to the correct accounts.
- Tax preparation — Use the income statement as a starting point for tax returns.
Printing
Click the Print button in the report header to open the print view. This renders the income statement in a print-optimized layout (the Belgian Compte de résultats prints as strict statutory lines) with your organization name and logo, then opens your browser's print dialog. You can print to paper or save as PDF using your browser's built-in "Save as PDF" option.
Relationship to other reports
- The net income from the income statement flows into the balance sheet as current period earnings.
- The income statement uses accounting data (accrual basis), while the burn rate report uses cash data. The two may differ.