Balance sheet as of 31 December 2017

All amounts in euro

Assets 31-12-2017 31-12-2016
Fixed Assets
Intangible fixed assets
Website  3,614 20,727
Tangible fixed assets
Renovation  123,636 69,836
Office supplies  52,447 26,565
Hardware and software  28,545 55,088
Total tangible fixed assets  204,628 151,489
Total fixed assets  208,242 172,216
Current assets
Accruals 172,928 509,356
Accounts receivable and advances 66,249 108,141
Grants to be received 1,883,399 2,588,014
Total current assets 2,122,576 3,205,510
Liquid assets
The Netherlands 4,387,495 5,808,664
Abroad 294,670 99,892
Total liquid assets 4,682,164 5,908,556
Total assets 7,012,982 9,286,282

 

Liabilities 31-12-2017 31-12-2016
Reserves and funds
Continuity reserve 2,233,407 2,264,712
Security Fund 27,490 27,490
Total reserves and funds 2,260,897 2,292,202
Current liabilities
Payableto staff 235,118 304,454
Payable to suppliers 407,246 263,441
Other short-term liabilities 131,188 219,708
Obligations related to current projects 1,459,570 2,145,053
Grants received in advance 2,518,963 4,061,425
Total current liabilities 4,752,085 6,994,080
Total liabilities 7,012,982 9,286,282