BDO Belgium: How do you budget in times of corona?

October 2020

For many companies, it’s time to get to work on the annual budget. However, the economic impact of the COVID-19 health crisis is not making it any easier to define plans and budget for the coming year. After all, companies must anticipate various scenarios and take into account specific risks and opportunities within the business environment. But because lack of certainty is a poor advisor, we will attempt to answer several pressing questions with regard to the budgeting process.