Social Balance Sheet
An annual audit report submitted by Belgian companies, including gender-disaggregated pay and labor cost data.
Definitions (2)
The social balance sheet is a mandatory annual report that all Belgian employers must submit as part of their financial statements. It provides key information on employment, personnel costs, and training efforts. Crucially for pay equity, it includes data on pay and labor costs broken down by gender. This report is transmitted to the National Bank and is publicly available, serving as a fundamental transparency tool for monitoring gender pay dynamics at the company level.
The social balance sheet is an annual financial statement that Belgian companies are required to file with the National Bank of Belgium. As mandated by the 2012 Gender Pay Gap Law, this report must include specific data related to personnel, such as the average number of full-time and part-time employees, personnel costs, and extra-legal benefits, all disaggregated by gender. This gender-specific data aims to enhance transparency regarding remuneration structures and identify potential pay disparities within the company, making the information publicly available.