Balance sheet

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The Balance sheet is an important part of the yearly mandatory financial statements.

It is the overview of the aggregated properties and debts of the enterprise (or association) at the end of the fiscal year (31st December).



Calculation and Validation[edit]

All calculations can be derived from the bank statements:

Balance = Property - Debts
Property = Capital + Debtors
Capital = Real estate + Investments + Savings + Bank saldi
Depts = Unpaid invoices

Balance of this year = Balance of previous year + Profit

Profit = Income - Expense
Income = Grants + Membership fees + Gifts
Expense = Invoices + Tax + Expense claims

Related ledger items[edit]