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The yearly financial statements are a legal requirement for a non-profit association, as for any other enterprise.

Legal requirements

• The financial statements describe the finanicial health of the organisation
• Within six months after the closing of the financial year, the financial statements need to be approved by the General assembly
• They need to be registered within 30 days, at the Kamer van Koophandel
• They are used as attachment to the Yearly tax declaration
• They are a prerequisite to calculate the yearly successierechten

Components

The financial statements consist of:

1. Bijlage B: Income and expenses sheet
2. Bijlage C: Balance sheet
3. Schema van toelichting

They are an aggregation of the financial transactions, and the general ledger, including provisions.

Amounts are mentioned rounded, without decimals.

Approval

The general assembly is responsible to approve the financial statements.

Sources

• Bank statements
• Ledger transactions
• Budgets

See also

• VZW administratie
• Financial reports of WMBE published as requirement for the Wikimedia Foundation
• General assembly
• Commercial Tribunal
• List of financial statements

External links

• Neerleggingsplicht jaarrekening

References

• VSDC review, nr. 200, maart-april 2022, p. 5
• VSDC review, nr. 201, juni-juli-augustus 2022, p. 4