Annual_Report_2024

Financial Report

Association

The employer’s reserve continued to be re- duced as planned, with a further reduction of CHF 161 941 in 2024. The surplus of CHF 212 095 adds to the prefinance of the first payment to a total amount of CHF 434 795 that can be trans ferred to 2025, thanks to the flexible contrac- tual conditions.

The revenue from the membership fees in creased slightly in 2024 with the new membership of the Universities of Teacher Education (see Members of the Association, p. 25). Expenditure was dominated by personnel costs (CHF 49 662 ), due in particular to investment in the preparation of proposals for the new EU NCP projects in the Marie Skłodowska-Curie Actions, and the Digital and Space domains. The EUR exchange rate remained relatively stable in 2024, with a minor impact on the financial outcome, in contrary to previous years. Finally, the investment of part of the equity capital generated a yield of CHF 8 046. The Association’s equity reached CHF 502 717 on 31 December 2024 (see Fig. 8). The operating costs amounted to CHF 4 541.

EU NCP Projects

Our participation in EU projects for NCPs main tains the visibility of the Swiss players as well as providing a regular and intensive exchange with our sister organisations throughout Europe. This is particularly important in the current circumstances. A major part of the grant (CHF 153 104) covered personnel costs in the projects, while the remaining costs amounted to CHF 4 930. The delayed final payment for the Space NCP project (COSMOS 2020+) resulted in a loss of CHF 1 885 due to the deterioration of the currency exchange rate since the start of the project in 2020.

Francesco Kienzle, Director and Chief Financial Officer

Overall, this funding line closed with a loss of

CHF 6 794.

507 457

500 684

502 717

498 860

479 868

8. Equity Capital

461 566

432 762 424 999

383 361

249 400

248 151

2014 2015 2016 2017 2018 2019

2020

2021

2022 2023 2024

17

Annual Report 2024