Modal logics for reasoning about social networks is currently an active field of research. There is still a gap, however, between the state of the art in logical formalisations of concepts related to social networks and the much more mature field of social network analysis. In this paper we take a step to bridge that gap. One of the key foundations of social network analysis is balance theory, which is used to analyse signed social networks where agents can have positive (...) or negative relationships. Certain combinations of positive and negative relationships are considered to be unbalanced, or unstable—in particular the occurrence of cycles with an odd number of negative relationships. Especially relatively short cycles with an odd number of negative relationships are thought to put pressure on the agents to change one or more of the involved relationships from negative to positive or the other way around. Most existing logics for reasoning about social networks are defined for unsigned networks. In this paper we develop a modal logic for reasoning about structural properties of signed social networks, and give a sound and complete Hilbert-style axiomatic system. Furthermore, we completely axiomatise classes of signed social networks that are balanced to a certain degree n, in the sense that there are no cycles of length up to n with an odd number of negative relationships. Finally, we completely axiomatise the class of all fully balanced complete signed social networks, i.e., networks where everyone is connected with everyone else. Axiomatic completeness is non-trivial because neither the balance properties, nor the dichotomy between positive and negative relations, are modally definable. The paper thus provides a logical basis for reasoning about signed social networks in general and balanced networks in particular. (shrink)