SME Portal, Practical knowledge > Finances > Accounting and auditing > Annual financial statements > Balance Sheet ([Internet, 2023-12-20](https://www.kmu.admin.ch/kmu/en/home/concrete-know-how/finances/accounting-and-auditing/annual-financial-statements/balance-sheet.html))
A company’s balance sheet differentiates wealth (assets) from debt (liabilities). A surplus of wealth over debt is called net assets or equity. Wealth can comprise cash, post office or bank account balances and property (vehicles, equipment, real estate, etc.). In accountancy, this wealth is known as assets.