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A Strong and Balanced Financial Position

The result realised for 2020 was €1.2 million negative, while a negative result of €8.3 million was budgeted. A negative result was deliberately budgeted in order to be able to invest extra in further strengthening the quality of education and research. With this, the university wants to give the necessary attention to matters such as workload and well-being in combination with recruiting additional academic staff.

The positive difference between the budgeted result and the realised result amounts to €7.1 million. Roughly speaking, this difference can be divided into five parts. These are the unused sector plan resources for STEM (€3.0 million), underspending at faculties (€7.2 million, partly due to lower travel and accommodation costs of €3.4 million), more direct government funding received (€3.6 million) and more subsidies from the Reiner Post Foundation (€1.7 million). That is a total of €15.5 million, offset on the other hand by costs resulting from the coronavirus crisis (amounting to €8.1 million). On the whole, this largely explains the positive €7.1 million difference  between the realised result and the budgeted result for 2020.

Liquidity decreased in line with the budget due to investments in new buildings, which were financed with capital resources. Capital decreased due to the negative result (€1.2 million) and the transfer of land and related equity (€1.8 million) to Radboud university medical center.

Key Figures

Coronavirus Crisis

The university has assessed whether the developments in the coronavirus crisis after the balance sheet date had an impact on the continuity assumption. We concluded that there is an uncertainty, the extent of which cannot yet be estimated. However, given the expected developments in the liquidity position and the lump-sum government contributions, there is no material uncertainty about the continuity of the university as a whole. The negative effects of the pandemic are particularly pronounced at Radboud Services, where the turnover of the catering facilities largely disappeared. The faculties, on the other hand, had lower material costs (lower travel and accommodation costs) and personnel costs, partly due to not filling vacancies or filling them later.