Balance sheet & profit and loss account

Balance sheet

Situation of all assets and liabilities owned by the non-profit organisation on 31.12.2016.

ASSETS € 44,907,478
FIXED ASSETS € 4,629,932
Intangible assets € 225,283
Tangible assets € 4,393,905
Financial assets € 10,744
CURRENT ASSETS € 40,277,546
Stocks & orders in progress € 4,512,096
Accounts receivable within maximum 1 year € 7,914,800
Cash at bank and in hand € 27,676,373
Deferred charges and accrued income € 174,277
LIABILITIES€ 44,907,478
Capital and reserves € 11,979,921
Provisions € 2,413,685
CREDITORS € 30,513,872
Creditors amounts falling due within one year € 12,231,672
Accrued charges and deferred income € 18,282,200

Profit and loss account

The profit and loss account reflects the result of VZW Flanders Make over the entire year 2016. Revenues – costs = profit of the year, from 1 January up to 31 December.

Revenues € 13,796,365
Turnover € 12,778,815
FM covenant € 6,228,272
FM non-covenant € 6,385,733
Membership fees & other € 164,809
Other revenues € 1,017,550
Costs € 13,124,239
Salaries, social security charges and pensions € 8,254,406
Operating costs € 4,869,833
Result from operating activities € 672,126