The balance sheet shows what your business owns (assets), what it owes (liabilities), and the residual value belonging to the owners (equity) at a specific point in time.
Accessing the balance sheet
Navigate to Reports > Balance Sheet. By default, the report shows your financial position as of today.
How to read the report
The balance sheet is divided into three sections:
Assets
Everything your business owns or is owed:
- Current assets — Cash in bank accounts, accounts receivable (money customers owe you), and other short-term assets.
- Fixed assets — Equipment, property, and other long-term assets.
Liabilities
Everything your business owes:
- Current liabilities — Accounts payable (money you owe suppliers), VAT payable, short-term loans.
- Long-term liabilities — Loans and obligations due beyond one year.
Equity
The owner's stake in the business:
- Share capital — Money invested by owners.
- Retained earnings — Accumulated profits (or losses) from previous periods.
- Current period earnings — Profit or loss for the current accounting period.
The fundamental equation always holds: Assets = Liabilities + Equity.
Belgian statutory layout (Bilan)
For organizations using the Belgian chart of accounts (PCMN), the balance sheet is presented as the statutory Bilan in the NBB/BNB abbreviated-schema format that Belgian accountants expect:
- ACTIF and PASSIF in the official heading order (assets least-liquid first), with the standardized rubric codes (
20/58,10/49,10/15, …) shown in a dedicated Codes column. - Accounts are grouped into their statutory rubrics by account code. Click a rubric to expand the individual accounts that make it up.
- Amounts are shown in whole euros, and the report ties out: Total de l'actif (20/58) = Total du passif (10/49). If the two sides do not match, a warning is shown so you can find the unbalanced entry.
- The current period's result is included in equity (rubric 14) so the statement balances even if you have not yet posted a year-end closing entry.
- An identification header shows the company name, legal form, enterprise (BCE/KBO) number, VAT number and the exercise dates.
This is a management report styled on the statutory model; it is not an official filing with the National Bank.
Selecting a date
Use the date picker to view your financial position at any historical date. The quick-select menu offers your recent fiscal year-ends (for example "Year ending 31/12/2024"), Today, or a Custom date. This is useful for:
- Month-end reporting — Check your position at the end of each month.
- Year-end close — Pick a recent fiscal year-end in one click.
- Comparative analysis — Compare positions across different dates.
Prior-year comparison
On the Belgian Bilan, a prior-year comparative column (Exercice précédent) is shown next to the current period, as required on a statutory balance sheet. Use the Compare prior year toggle in the header to hide or show it.
Multi-currency display
If your organization operates in multiple currencies, balances are shown separately per currency. Financica does not apply foreign exchange conversion on the balance sheet — you see exact amounts in their original currencies.
Drilling down
Click any account line on the balance sheet to navigate to that account's detail page, where you can see the individual transactions that make up the balance.
Printing
Click the Print button in the report header to open the print view. This renders the balance sheet in a print-optimized layout (the Belgian Bilan prints as strict statutory subtotals) with your organization name and logo, then opens your browser's print dialog. You can print to paper or save as PDF using your browser's built-in "Save as PDF" option.
Tips for accountants
- Run the balance sheet at month-end before starting the close process to spot any anomalies.
- Compare the bank account balances on the balance sheet with your actual bank statements to catch discrepancies.
- Use the equity section to verify that retained earnings roll forward correctly from the prior period.