how to calculate profit from a balance sheet
Subtract the taxes from the net profit before taxes to find the company's net profits for the year from the balance sheet. Completing the example, if the company pays $3.5 million in taxes, subtract $3.5 million from $5 million to get $1.5 million as the net profit.owever, if it does not state the profits, you can calculate it from the other numbers on the balance sheet. In addition, by calculating the net profit step by step from the balance sheet, you gain an understanding of the company's finances and where its money goes.