Listed companies ESEF & SEC 20-F

From AFM to SEC

Listed companies file the annual financial report as Inline XBRL — in the Netherlands with the AFM; foreign private issuers also file a 20-F with the SEC. Taxxor Disclosure Manager produces both mandates and the brand-styled report from one structured source — no separate conversion track per format.

  • Azerion
  • Versuni
  • ESEF (Inline XBRL)
  • SEC 20-F (Inline XBRL)
  • ESEF taxonomy

What a listed company has to deliver

  • The ESEF annual financial report

    XHTML, with the consolidated IFRS statements tagged as Inline XBRL against the ESEF taxonomy; filed with the national regulator (in the Netherlands: the AFM) within four months of year-end.

  • Tagging depth

    the primary statements carry detailed tags; the notes have been block-tagged since financial year 2022, and ESMA is moving towards more granular tagging of the notes.

  • The SEC 20-F

    for foreign private issuers with a US listing: the annual report including Inline XBRL, filed with the SEC.

  • The annual report in brand style

    a print-ready PDF for the printer, a PDF for online publication and a web version; MS Word and MS Excel as standard output formats in the working process.

One reporting cycle, multiple regulators and formats — all on the same figures.

How Taxxor solves that

  • ESEF and the 20-F from the same structured source — the same figures and text feed both mandates, each tagged against its own taxonomy.
  • Data-first, not document-first: figures, text and tags flow through one system and cannot drift apart — no after-the-fact tagging of a finished document.
  • Change a figure minutes before filing — because the report draws directly from source systems (SAP S/4HANA, SAP BW, LucaNet, Excel) and every change is visible in the data lineage, a late adjustment propagates to the PDF, the iXBRL and the web version under control.
  • Audit-grade control: full data lineage, change tracking and an audit trail — the auditor sees where every figure comes from and what changed when.
  • Half-year and quarterly releases from the same platform — same source, same brand style.
  • Validation built in — every package is checked against the ESEF and EDGAR validation rules before submission.

Ready for what comes next

  • Detailed tagging of the notes is coming: a taxonomy-agnostic platform with self-service tagging absorbs that deepening — a conversion tool only solves this year’s filing.
  • Annual taxonomy updates (ESEF, SEC) do not mean new software: load the new taxonomy and report.

In practice

Versuni · Azerion

6 formats, one source

Versuni produces its annual report in Taxxor DM: a designed PDF in two languages, ESEF Inline XBRL, SEC 20-F Inline XBRL and matching websites — every format generated from the same source and kept consistent.

From annual report to quarterly release

Azerion files ESEF Inline XBRL and publishes the designed annual report off the same figures — and released its Q3 2024 results from the same platform.

Experience it, then decide

  1. See it work in a demo — on an example ESEF report.
  2. Set up together: map source data, port the brand style, load the taxonomies.
  3. Write, tag and file — ESEF and the 20-F.