Producing a financial report for research, development and innovation aid (e-report)

Any entity (company, research centre, institution) that has signed an aid agreement for research, development and innovation with the Walloon region.

How to do it?

The two main tools to report your financial datas in the context of aid for research, development and innovation are the expense statement and the debt statement. The way to complete and to transmit them depends on the type of aid concerned.

Current aids are mentionned in bold.

By clicking on the type of aid that concerns you (general, special or co-funding), you will find the specific procedure to follow in the context of financial reporting. This information is also available via "Related Content".

These practical terms are linked to a precise financial control procedure and a clear definition of the eligible expenses summarised in a guide, which specifies the budgetary structure for research aid agreements and the supporting documentation associated with these. It also specifies the flat rates that are applied as part of the agreements, in order to simplify the justification of expenses.

This guide, which is known as the guide to eligible expenses, is strictly enforced. The research agreement signed with Wallonia explicitly refers to the applicable version of the guide.

Inspection and payment procedures

The expense statements are subject to consistency checks and targeted inspections. After this, any comments are sent to you. Once the inspections have been performed, an official mail/email is sent to you to inform you of the amount to be paid. The determination of this amount will depend, in particular, on the advance received at the beginning of the research (working capital), the amount of expenses accepted during the period being analysed and the time frame for these expenses in relation to the duration of the research.

Budget-expenditure reconciliation checks and cross-checks (‘multi-project beneficiary’) are also carried out. On-site inspections can be carried out, they make it possible to check the accounts and verify that the items presented have been settled appropriately.

Inspections may be carried out for as long as the research file remains active and result in corrections to the previously accepted sums.