Encyclopedia

Balance sheet

A statement of the financial position of a business that lists the assets, liabilities and equity at a particular point in time. (het balans)

Budget

A financial plan for a defined period, often once a year. (begroting)

Budget over- and underages

Overages are expenditures and investments that are higher than estimated. Under-budget refers to expenditure or investment that is less than budget, or income higher than estimated. (over- en onderschrijding van begroting)