Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 199

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 5
Chunk 199
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​                              2024                2023                       ​   % Change
​                              ​   (Euro, in thousands)                   ​   ​   ​       
Grant income                   ​   €       2,035   ​      €       6,618   ​   ​   (69%)   
R&amp;D incentives income      ​   ​      27,223   ​      ​      32,968   ​   ​   (17%)   
Other income                   ​   ​      11,515   ​      ​       7,686   ​   ​   50%     
Total other operating income   ​   €      40,773   ​      €      47,272   ​   ​   (14%)   
​
​
The grant income in 2023 mainly comprises a grant received in 2023 from the National Institute for Health and Disability Insurance amounting to €6.1 million. This grant aimed to incentivize innovative Belgian biotech companies who are performing research and development activities in order to identify new medicines.
In many cases these grant agreements carry clauses which require us to maintain a presence in the same region for a number of years and invest according to pre-agreed budgets.
R&D incentives income can be split up as follows:

                                              ​                                                 ​    ​       ​       ​      ​       ​      ​   ​      ​    
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​                                                                                               ​   Year ended December 31,                ​   ​   ​       
​                                                                                               2024                2023                       ​   % Change
​                                                                                               ​   (Euro, in thousands)                   ​   ​   ​       
Income from innovation incentive system in France                                               ​   €       2,056   ​      €       5,881   ​   ​   (65%)   
Income from Belgian R&amp;D incentives                                                          ​   ​      16,943   ​      ​      16,535   ​   ​   2%      
Tax rebates on payroll withholding taxes of R&amp;D personnel (Belgium &amp; the Netherlands)   ​   ​       8,224   ​      ​      10,552   ​   ​   (22%)   
Total R&amp;D incentives income                                                                 ​   €      27,223   ​      €      32,968   ​   ​   (17%)   
​

​
145

Other income increased mainly due to rental income, offset by a one-off gain in