--- title: Why does North Data show earnings in Germany even when no income statement is published? description: Here's why North Data displays net income (earnings) even if no income statement is included in the published financial statements – and why these figures are not estimates. --- [Skip to content](https://help.northdata.com/en/center/why-does-north-data-show-earnings-even-when-no-income-statement-is-published#main-content) - [English](https://help.northdata.com/en/center/why-does-north-data-show-earnings-even-when-no-income-statement-is-published) - [Deutsch](https://help.northdata.com/de/center/warum-zeigt-north-data-den-jahresüberschuss-obwohl-keine-guv-veröffentlicht-wurde) - [Français](https://help.northdata.com/fr/center/pourquoi-north-data-affiche-t-il-un-résultat-en-allemagne-même-lorsquaucun-compte-de-résultat-nest-publié) English Show submenu for translations [![northdata-logo.png\]](https://help.northdata.com/hs-fs/hubfs/northdata-logo.png?width=250&height=86&name=northdata-logo.png)](https://www.northdata.com/) Open main navigation Close main navigation - - [English](https://help.northdata.com/en/center/why-does-north-data-show-earnings-even-when-no-income-statement-is-published) - [Deutsch](https://help.northdata.com/de/center/warum-zeigt-north-data-den-jahresüberschuss-obwohl-keine-guv-veröffentlicht-wurde) - [Français](https://help.northdata.com/fr/center/pourquoi-north-data-affiche-t-il-un-résultat-en-allemagne-même-lorsquaucun-compte-de-résultat-nest-publié) English Show submenu for translations - [Back to the main page](https://www.northdata.com/) [Back to the main page](https://www.northdata.com/) Hello! How can we help? - There are no suggestions because the search field is empty. 1. [North Data Help Center](https://help.northdata.com/en/center?hsLang=en) 2. [Company Profile](https://help.northdata.com/en/center/company-profile?hsLang=en) 3. [Financial Indicators](https://help.northdata.com/en/center/company-profile?hsLang=en#financial-indicators) # Why does North Data show earnings in Germany even when no income statement is published? ## Here's why North Data may display net income (earnings) even when a company has not published a full income statement - and why these figures are not estimates. In some cases, North Data displays earnings even though the company has not published a full income statement. This is neither an error nor an estimate, but is based on the legal disclosure requirements in Germany. ### Background: Disclosure requirements under German law The scope of financial information a company must disclose in Germany depends on its legal form and size. Small corporations are permitted to publish abbreviated annual financial statements according to § 276 of the German Commercial Code (HGB). These shortened versions often include the balance sheet only – without an income statement. However, even in these cases, the law requires certain key figures to be disclosed – particularly the net income or net loss as part of the equity section on the liabilities side of the balance sheet. ### Where do the earnings figures come from? Even without a full income statement, net income is usually visible in the balance sheet – either: - As a separate item in the equity section, e.g. “net income/net loss,” - Or derived from changes in equity, often identifiable through a comparison with previous years or through internal line items. North Data extracts this information directly from the published balance sheet, typically disclosed via the [German Federal Gazette (Bundesanzeiger)](https://www.bundesanzeiger.de/pub/de/howto-inhalte?4). ### Important: These are not estimated values The earnings figures displayed are not estimates or projections. They are based on legally required and officially published figures. 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