The rules around reporting are changing. From fiscal year 2025 it will be mandatory to file your annual accounts with the Chamber of Commerce as an XBRL file. This requires action. At the same time, it offers an opportunity: organizations that are smart about the transition to XBRL will immediately opt for iXBRL. Not because they have to - but because it works. In this blog, you'll read why that choice will pay off handsomely for you.
Combine format and data in one version of the truth
XBRL is mandatory, iXBRL is not. But those who choose iXBRL now combine the best of both worlds: a readable, professionally formatted annual report and immediately usable, structured data. One file, one version of the truth - without separate production streams or unnecessary translations between systems.
How iXBRL prevents errors and saves time
When you organize your reporting process around iXBRL, you work in a single flow toward both publication and filing. This brings clear advantages:
- Information doesn’t need to be entered twice or tagged separately.
- You save time and reduce the risk of errors.
- You maintain control over both content and output—especially valuable as deadlines approach.
Ready for CSRD and the future of reporting
iXBRL fits seamlessly with the increasing need for transparency and data-driven reporting. Think of the CSRD and ESG reporting coming up. By gaining experience with iXBRL now, you lay a solid foundation for broader digital reporting - and build trust with internal and external stakeholders.
Conclusion: Turn obligation into advantage
XBRL is becoming mandatory. But iXBRL is the smart choice. By investing in iXBRL now, you create peace of mind in the process, higher quality in the output, and room for further digitalization.
What may seem like a technical obligation can actually become the starting point for strategic improvement.
