Results & business numbers

Financial transparency

Cunina pursues an open financial policy and uses the available funds in a transparent way, as everybody has the right to know how his money is spent. That is why we hereby give you an overview of the most important financial numbers. A more detailed survey can be found in the annual report.

Cunina's annual accounts are made in accordance with accounting principles and methods conforming to universally applicable accounting standards.

The annual accounts are made by our bookkeeper and an accountant of the accountant's office Van Havermaet Groenweghe. They are also controlled by a company accountant from this office and approved by the Board of Management and the General Assembly. Read more about Cunina's management.

Cunina in numbers

The profit and loss account shows Cunina's income and expenditure during the past year. The profit and loss account is also a part of the annual accounts, because in connection with the balance sheet it can give a true and fair view of the association's financial situation.

A balance sheet is an overview of a legal entity's assets and liabilities, personal and debt capital. On a balance sheet a distinction is made between the assets (property and debts receivable) and liabilities (how is everything in the association financed?). A balance sheet is always a snap-shot of the situation comparable with a photo taken of your association at one particular moment.

Cunina has been assigned the warranty of the Association of Ethics in Fund-Raising. The warranty guarantees an honest communication with the donor and completely transparent accounts.