| Accounts | 2017-01-01 | 2017-12-31 | Difference |
| Crédit Mutuel checking account | 77,418.89 | 92,009.73 | 14,590.84 |
| Crédit Mutuel saving account - 1 | 61,284.35 | 61,743.98 | 459.63 |
| Crédit Mutuel saving account - 2 | 0.00 | 10,000.00 | 10,000.00 |
| Paypal account | 7,785.42 | 5,918.82 | -1,866.60 |
| Adyen account | 500.00 | 1,000.00 | 500.00 |
| Adyen account | 2.00 | 1,532.00 | 1,530.00 |
| Pending creditcard payments | 78.64 | 249.38 | 170.74 |
| Total | 147,069.30 | 172,453.91 | 25,384.61 |
The full balance report is also available.
While the overall goal of PostgreSQL Europe is to break even, we did again see a net gain in 2017. It's lower than last year, because of the taxes we now pay.
We now have two savings accounts. They both act as a buffer to cover unexpected costs. The first one has not been used during 2017 since all events have generated satisfactory financial results (exceeding or hitting budget) due to good sponsor incomes. The only transaction in the account during 2017 was an interest income of 459.63€. As the events grow larger - PGConf.EU 2017 was our biggest event to date - and the number of events increase, the importance of this buffer remains.
Our administrative backend software, which powers both our financial reporting as well as the events, was again further improved ensuring safe operation of our events.
For the first time in PostgreSQL Europe history, we had to deal with taxes and VAT. It didn't come without issues.
In 2017, we charged VAT for some companies when we shouldn't have. For other companies, we haven't charged VAT when we should have. For the latter, we didn't ask them to pay. For the former, we reimbursed each company that gave us their bank information for us to transfer them the money. On the 14 companies, only 5 gave us their bank informations and got reimbursed.
In 2018, we charged VAT for american companies when we shouldn't have. All companies (5) have been reimbursed.
We should now have no more issues on VAT.
Important items are summarized here, but the full results report is also available.
| Items | Income | Expenses | Final results |
| Membership | 640.00 | 0 | 640.00 |
| Donations | 3,708.29 | 0.00 | 3,708.29 |
| Conferences | 204,406.86 | -157,424.96 | 46,981.90 |
| Merchandise | 5,137.57 | -7,659.17 | -2,521.60 |
| Financial | 459.63 | -11,649.68 | -11,190.05 |
| Insurance | 0.00 | -520.65 | -520.65 |
| Taxes | 0.00 | -31,440.00 | -31,440.00 |
| Other | 0.00 | -4,987.57 | -4,987.57 |
| Total | 670.32 |
[0] _Other_ includes consumables etc.
For once, we don't gain a lot. This mostly due to the payment of taxes and the payments to the accounting company.
The financial results for our events can be seen broken down per conference in the table below.
| Event | Income | Expenses | Final results |
| FOSDEM/PGDay 2017 | 3,239.28 | 2,853.33 | 385.95 |
| Nordic PGDay 2017 | 14,160.00 | 13,443.84 | 716.16 |
| PGDay Paris 2017 | 11,929.30 | 9,618.92 | 2,310.38 |
| PGConf.EU 2017 | 154,456.44 | 117,322.14 | 37,134.30 |
FOSDEM, PGDay Paris, and PGConf.EU 2017 are events held early in the year and thus have transactions on both this and next year's report. Complete sums for FOSDEM 2017, PGDay Paris 2017, and PGConf.EU 2017 are listed below broken down per year.
| FOSDEM PGDay 2017 | |
| Final Result 2016 | -8,121.20 |
| Final Result 2017 | 385.95 |
| Total | -7,735.25 |
| Nordic PGDay 2017 | |
| Final Result 2016 | -1,200.00 |
| Final Result 2017 | 2,310.38 |
| Total | 1,110.38 |
| PGConf.EU 2017 | |
| Final Result 2016 | -116.40 |
| Final Result 2017 | 37,134.30 |
| Total | 37,017.90 |