In 2025, many businesses can still benefit from favorable loan and leasing arrangements offered by the Széchenyi Card Program, which come with various subsidies. These subsidies help reduce costs, and small and medium-sized enterprises receive detailed statements on interest subsidies, evaluation fee subsidies, and management fee subsidies.

Why is this important?

The purpose of these subsidies is to assist businesses in reducing their loan and leasing costs. This allows companies to access financing under more favorable conditions, contributing to their growth and stability. In 2025, the Széchenyi Card Program has introduced further interest rate reductions, making borrowing even more attractive.

How does this appear in annual financial statements?

Typically, banks advance these subsidies, so businesses pay the reduced interest and fees. The received subsidies are shown as other income in the annual financial statements, which increases the company’s operating profit. However, the paid interest is recorded under financial operations results. It’s important to note that these are different categories in the financial statements, so the paid interest cannot be shown net, only under financial operations results.

The accounting must be based on detailed statements received from the financial institution, ensuring accurate and transparent reporting.

Key points to consider

Businesses must maintain detailed records of the received subsidies and present them in the annual financial statements based on the financial institution’s statements. This ensures accurate and transparent accounting. The new interest rate reductions and favorable loan conditions can help businesses adapt to the economic environment and grow.

Important information for accountants

It’s crucial for accountants to note that seeing the payments on the bank statement alone is not sufficient. They need additional information, such as detailed statements from the financial institution, to correctly account for the subsidies.

Record-keeping for de minimis subsidies

According to de minimis rules, businesses must keep detailed records of the received subsidies. This is particularly important because de minimis subsidies can affect the eligibility for other tax benefits. The amount and type of subsidies must be accurately documented to ensure compliance with regulations and avoid exceeding the subsidy limit.