Creating the WEG annual statement: required content and deadlines (2026)

The WEG annual statement is the yearly comparison of a condominium association's actual income and expenses against the budget plan. It is legally required and the basis for discharging the manager. This guide covers required content, deadlines and what matters for the resolution.

Under § 28 WEG, after the financial year the manager prepares a statement of actual income and expenses. Owners only vote on the so-called settlement balance — the difference between the budgeted house-money target and the actual costs.

The annual statement includes an overall statement and a per-unit individual statement, an ordered list of all income and expenses, account balances, and the level and development of the maintenance reserve. In addition, § 28 (4) WEG requires an asset report.

What matters is the settlement balance: the difference between the budgeted house money and the actual costs per owner. Owners vote only on this balance — not on the entire statement as such.

Costs are distributed via the key set in the declaration of division (usually co-ownership shares), unless otherwise resolved. Contributions to and withdrawals from the maintenance reserve must be shown separately and traceably.

The statement must be presented within a reasonable period after year-end — in practice by the next ordinary owners' meeting. The resolution on the settlement balance is added to the resolution register.

Immutable statement snapshots, traceable receipts and a consistent allocation key make the annual statement vote-proof and audit-safe — and reduce the risk of challenge.

What is voted on? Only the settlement balance, not the entire statement.

What is the asset report? An overview of the administrative assets required additionally under § 28 (4) WEG.

By when must the statement be ready? Within a reasonable period, in practice by the next owners' meeting.