The Commission Regulation (EU) No 2025/1331 of 9 July 2025, published in the Official Journal of the European Union L series on 10 July 2025, adopts “Annual Improvements to IFRS Accounting Standards – Volume 11″. The annual improvements contain small amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 7 Financial Instruments: Disclosures, IFRS 9 Financial
Instruments and IFRS 10 Consolidated Financial Statements and IAS 7 Statement of Cash Flows.
Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2026.