Bilanss

Bilanss is the Estonian term for the balance sheet, a financial statement that shows a company’s financial position at a specific date. It lists assets, liabilities and equity, and follows the basic equation: assets equal liabilities plus equity. Assets are usually presented in order of liquidity and divided into current (short-term) and non-current categories; liabilities are likewise split into current and non-current; equity reflects the owners’ residual interest in the company.

The balance sheet provides a snapshot rather than a performance report, and is used to assess solvency, liquidity and capital structure. It is prepared at regular intervals—commonly annually or quarterly—according to national accounting standards and applicable frameworks such as IFRS or local GAAP. While presentation can vary by jurisdiction, the core elements and the balance equation remain consistent.

In Estonia and many other places, bilanss is a mandatory element of corporate financial reporting. It is used by investors, lenders, regulators and management to evaluate financial position, risk, and funding needs. The balance sheet complements the income statement, which covers performance over a period, and the cash flow statement, which tracks changes in cash.